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Oh my gourd, I am financially ruined (agricultural futures)
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
Rank one is the other way
twitchquotes: um... e-excuse me mr. imaqtpie... r-rank one is the other way
monkaS ☝️ um... e-excuse me mr. imaqtpie... r-rank one is the other way monkaS 👉
Rick Astley paradox
twitchquotes:If you ask Rick Astley for a DVD of the movie Up, he won’t give it to you because he’s never gonna give you Up. However, by not giving you Up like you asked for it, he’s letting you down. This is known as the Astley paradox.
If you ask Rick Astley for a DVD of the movie Up, he won’t give it to you because he’s never gonna give you Up. However, by not giving you Up like you asked for it, he’s letting you down. This is known as the Astley paradox.
twitchquotes: BURGERS I EAT ALL DAY LEAGUE OF LEGENDS I CANNOT PLAY EU STAR PLAYERS I HAVE TO PAY PROPER HEALTHCARE AN OCEAN AWAY YOU GUESSED IT RIGHT IM NA
OpieOP BURGERS I EAT ALL DAY OpieOP LEAGUE OF LEGENDS I CANNOT PLAY OpieOP EU STAR PLAYERS I HAVE TO PAY OpieOP PROPER HEALTHCARE AN OCEAN AWAY OpieOP YOU GUESSED IT RIGHT OpieOP IM NA OpieOP