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.
Don't feel too bad after Team Liquid destroys G2
twitchquotes:Hey EU fans, don't feel too bad after Team Liquid absolutely destroys G2 tonight. Being the 2nd best region in the world (after North America of course) is still something to be very proud of! π
Hey EU fans, don't feel too bad after Team Liquid absolutely destroys G2 tonight. Being the 2nd best region in the world (after North America of course) is still something to be very proud of! π
200 word essay due
twitchquotes:200 word essay due tomorrow and I'm here watching qtpie
200 word essay due tomorrow and I'm here watching qtpie EleGiggle
Doublelift dodges Imaqtpie in queue
twitchquotes:Doublelift fired up his stream for another day of soloQ, but foolishly forgot to check if Imaqtpie was in a game. He opened up QTβs stream to find him sitting in queueβ¦ He frantically began tabbing between his client and QTβs stream, then one after the otherβ¦ both queues popped. βI need the toiletβ he said to his chat. He ran to the wall and unplugged his internet. He was safe for another day.
Doublelift fired up his stream for another day of soloQ, but foolishly forgot to check if Imaqtpie was in a game. He opened up QTβs stream to find him sitting in queueβ¦ He frantically began tabbing between his client and QTβs stream, then one after the otherβ¦ both queues popped. βI need the toiletβ he said to his chat. He ran to the wall and unplugged his internet. He was safe for another day.