Posted To: Pipeline Press

Here’s an economic tidbit for you. The Port of Los Angeles is reporting a 22.9% decrease in cargo volumes for February compared to 2019, with expectations for continued softness in March. And plenty are intrigued with the news that a Brazilian official who met with both Donald Trump and Mike Pence has tested positive for the coronavirus . We’re looking at no Disneyland. No NCAA men or women’s basketball tournaments. NBA and NHL seasons canceled or postponed (NBA team owner Mark Cuban is floating the idea of paying his hourly workers). New York City banning gatherings of more than 500 people, effectively closing Broadway shows and cancelling the 258-year-old St. Patrick’s Day Parade. Italy having more than 1,000 deaths. The U.S. Federal Reserve’s repo and QE actions…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily