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Bitcoin Price Spike

Bottle of Burgundy fetches record-smashing £424000 at wine auction

Fine wine and spirits have been a staple of the alternative investment markets for some time now, and an auction at Sotheby´s in New York this weekend has shown why. A single bottle of 1945 Burgundy sold for a staggering £424,000 to become world’s most expensive wine. It easily eclipsed the previous record of £177,000 for a standard bottle The Romanee-Conti is viewed by many as the finest Burgundy one can drink. The final price paid on Saturday evening was 17 times more than its estimated worth. It smashed the world’s previous high-mark for a standard bottle: an 1869 Chateau Lafite Rothschild which sold for a comparatively inexpensive £177,000 in Hong Kong in 2010. A few minutes after Saturday's sale, another 1945 Romanee-Conti went for £377,000. The wine’s vineyard may help explain its worth. It spans just four acres in the Cote de Nuits region, with no more than 6,000 bottles produced each year. The bottle is one only 600 made before the vines were harvested for rep...

Is something bad going to happen to the Stock Market

Jeffrey Gundlach the famed American inventor and business mogul believes that the global stock market is signalling 'something bad' is happening. Why would anyone listen? He has the pedigree and experience to make people sit up and listen. Gundlach was formerly the head of the $9.3 billion TCW Total Return Bond Fund, where he finished in the top 2% of all funds invested in intermediate-term bonds for the 10 years that ended prior to his departure. He was fired by TCW in 2009. In 2009, shortly after his firing from TCW, Gundlach founded Doubleline, along with Philip Barach and 14 other members of Gundlach's senior staff from TCW.  Barach was Gundlach's co-manager of the $12 Billion TCW Total Return bond fund.  In a February 2011 cover story, Barron's called him the "King of Bonds." Jeffrey Gundlach is of the opinion that the U.S. stock market will not be able to continue to diverge from global equity markets in the long-term. "I said [before...

Dow plunges more than 1000 points

US stocks have decreased more than 1,200 points in the last two days, as the market's recent downturn gets worse and indices in Asia and Europe also took a massive dip. The Dow Jones fell 545 points and on Wednesday the Dow Jones Industrial Average plunged more than 850 point, which was its worst drop in over 7 months. This is the sixth day of losses for the markets, as there are signs of a slowdown in the economy and us battle trade with China. The Nasdaq fell 92 points, or 1.3 per cent, to 7,329.06. The Russell 2000 dropped 25 points, or 1.6 per cent, to 1,550.25. Now Investors are trying to find out the best place to put their money amid concerns over  slowing global economic growth, but  even though there is a lot going on in the markets, here at EcoCrops International the project we're currently running in Estonia is a Asset-backed investment where you would own the land and trees on  99 Year Lease. Even healthcare and bank stocks took a tumble on Thursd...

OPEC increases oil output in September

According to a recent article by CNBC, September saw OPEC increase their oil output while in the same month Iran decreased their production. The increase was the equivalent to 132,000 barrels per or a total of 32.8 million barrels per day. Supply hikes from Saudi Arabia, Libya, the UAE, Nigeria and Angola offset a drop in production from Iran and Venezuela. OPEC lowered its forecast for oil demand growth, upped its projection for non-OPEC supply increases and said its outlook for the economy has softened. Numerous OPEC members including Saudi Arabia and Libya, produced enough new barrels on the market to make up for a drop in production by Iran, who are seeing a decrease in demand for their crude as a direct result of the U.S. sanctions, according to a monthly report. OPEC which consists of 15 oil-producing nations has predicted a drop in oil demand for the rest of 2018 and 2019, at the same time advising that the outlook for economic growth is slowing, especial in emerging mar...

EcoCrops International News Reports on Interest rates and China trade dispute

Over the past ten years, Wall Street became addicted to very easy money.  low-interest rates from the Federal Reserve made investors take more risks by moving into risky stocks. now that is reversing, for good reasons that the American economy is really strong, and the Federal Reserve is raising the interest rates, making sure the economy doesn't overheat and keeping inflation to a normal level. Now the tit for tat tariffs and trade war between the United States and China is going to hurt businesses and investments. But the IMF cut its forecasts for the US and China, which won't help first time or jittery investors.  But on the other hand, the good news  America is minting money right now. Third quarter S&P 500 earnings are projected to rise massively by 20%.  Strong profits could very well ease Investor worries and anxiety. When Treasury rates spiked earlier this year the market spooked but Investors seemed to cool down and carry on as normal EcoCro...