WTI crude oil floats above $80.00 as US Dollar rebound jostles with supply crunch fears
From Article:
On the other hand, geopolitical fears surrounding China, mainly after the dragon nation’s military drills near Taiwan, join the last week’s surprise OPEC+ output cut to keep the Oil buyers hopeful.
Elsewhere, China’s readiness to defend the global economy via strong monetary and fiscal easing at home also allows the Oil buyers to remain hopeful amid optimism at the world’s biggest Oil consumers.
Comment: China is stimulating its economy while the US FED continues to pretend to fight inflation by raising interest rates. Meanwhile oil suppliers are supporting inflation by cutting back oil production. This is not a good formula. This is a formula to hurt the middle class.
American offices are half-empty. That could be the next big risk for banks
From Article:
Work-from-home bill comes due
Commercial real estate — which spans offices, apartment complexes, warehouses and malls — has come under substantial pressure in recent months. Prices in the United States were down 15% in March from their recent peak, according to data provider Green Street. The rapid increase in interest rates over the past year has been painful, since purchases of commercial buildings are typically financed with large loans.
Office properties have been getting hammered the hardest. Hybrid work remains popular, affecting the rents many building owners can charge. Average occupancy of offices in the United States is still less than half March 2020 levels, according to data from security provider Kastle.
Link: https://www.cnn.com/2023/04/10/business/commercial-real-estate-banks-offices/index.html
The world’s busiest airport is Atlanta, once again
From Article:
In 2022, around 93.7 million people traveled through Hartsfield-Jackson Atlanta International Airport (ATL), a 23.8% increase in passenger traffic from 2021, according to a report released by Airports Council International.
Link: https://thepointsguy.com/news/atlanta-busiest-airport/
Comment: The article mentions that Chinese Airports temporarily took the top rank during the Covid Hysteria. My phrasing. Not theirs. But American Airports and travel are now coming back strong.
I hope you continue this news feature. I kind of miss the Hearthville Serial but I understand you need to start back publishing to Amazon and trying to make money. I know at one point you were talking about publishing on Amazon first and then posting Chapters here with the “Not Free. Buy My eBook” message. I hope you do start doing that with some of the eBooks you have already published.
Any hows. Keep the site active. 🙂