Since our last post on March 2, the spread of Covid-19 has progressed throughout the world, affecting European countries in a particularly harsh way, relative to North America at this time. This has certainly created a very volatile and frustrating market climate with big daily swings in stock prices, both down and up.
COVID-19 aka Coronavirus
Around 2011, a representative from the Venezuelan Embassy gave a talk to my Rotary Club, the Rotary Club of West Ottawa, and it really stuck with me. During the presentation, she went through the aggressive socialist agenda of the Hugo Chavez government. This included many programs that would provide price controls, health care, and education for the Venezuelan people.