According to NBC, a helium shortage is partly to blame for Party City closing more than 40 stores nationwide.
Scientists say that's not the biggest party pooper!
“Helium is used in MRIs, it’s used in nuclear magnetic resonance, and the semiconductor industry uses a lot of helium,” said Mark Elsesser, a scientist. A helium shortage could mean BIG trouble for scientists, experiments, and people in the medical field, to just name a few.
Luckily, an additional source of helium might also exist in space. 🌕
“There’s potentially helium on the moon,” Elsesser said. “But if you think that helium is expensive now, what do you think that it will cost if you bring it back from the moon?” 🚀
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What Michael Has To Say...
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What's Trade Got to do, Got to do with it..
Friend, the markets were a little volatile (to the down side) in May and equally as volatile to the upside the first week of June.
Here's what Michael has to say about it:
As you may have noticed there has been a lot of bantering between U.S. and Chinese politicians lately. Trade is a critical factor for economies and the globalization of economies has supported individuals, businesses, and markets since the great financial crisis of 2009.
So, when U.S. and Chinese politicians start to talk about tariffs, travel warnings, and jailing business leaders, markets understandably get a bit out of wack.
In the end, this is all normal stuff. All countries want is what is best for their citizens and politicians need to show they are "on top of it". For now, the Federal Reserve, has our backs and the "trade war talk" appears to be an opportunity for traders to take profits (after a big run up in stocks since December 2018).
Call us if you have questions!
- Your Financial Friend, Michael
503-564-7975
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