Day 162
FEBRUARY 8, 2020
CRUISING THE TASMAN SEA
As an investor I am trying to understand the implications of a few recently discovered facts. In New Zealand it was revealed that dairy products are now its largest export product. Meanwhile in the US mega dairy companies, Dean Foods Co. and Borden Dairy Co., have declared bankruptcy while in Canada Saputo Inc. is considering closing two of its dairy plants as it grapples with a consumer trend away from cow-based products for health and environmental reasons. I wonder how New Zealand will fare if this trend continues.
Another new fact. I learned that New Zealand's most significant contributor to its GNP is tourism. Now that comes as a surprise. It used to be wool, and then dairy - times change. That is the same tourism statistic that was reported to us in every country in the Caribbean, South America, Central America and Polynesia. What will happen if tourism declines? How much will global tourism decline due to the Coronavirus? How will cruise lines respond? How will the traded shares of companies involved in the tourism industry be affected? I'm just sayin'.
Now I hear that the Hong Kong government might not allow passengers to board cruise ships there. However, what you hear and what is actually the case is often far apart. Best to await developments. Hmmmm! Indeed we do live in interesting times....adventurous times.
There was a wonderful brunch buffet in the Pool Area today - you've seen photos of that type of brunch in past blogs.
Ernesto Cortazar, who composed the music for the movie, Scent of a Lifetime, today gives us "Beethoven's Silence".
https://www.youtube.com/watch?v=RIsbQwwLX8k
Oh, what the heck, why not "Scent of a Lifetime" too.
https://www.youtube.com/watch?v=Ncognzibu3U
CRUISING THE TASMAN SEA
As an investor I am trying to understand the implications of a few recently discovered facts. In New Zealand it was revealed that dairy products are now its largest export product. Meanwhile in the US mega dairy companies, Dean Foods Co. and Borden Dairy Co., have declared bankruptcy while in Canada Saputo Inc. is considering closing two of its dairy plants as it grapples with a consumer trend away from cow-based products for health and environmental reasons. I wonder how New Zealand will fare if this trend continues.
Another new fact. I learned that New Zealand's most significant contributor to its GNP is tourism. Now that comes as a surprise. It used to be wool, and then dairy - times change. That is the same tourism statistic that was reported to us in every country in the Caribbean, South America, Central America and Polynesia. What will happen if tourism declines? How much will global tourism decline due to the Coronavirus? How will cruise lines respond? How will the traded shares of companies involved in the tourism industry be affected? I'm just sayin'.
Now I hear that the Hong Kong government might not allow passengers to board cruise ships there. However, what you hear and what is actually the case is often far apart. Best to await developments. Hmmmm! Indeed we do live in interesting times....adventurous times.
There was a wonderful brunch buffet in the Pool Area today - you've seen photos of that type of brunch in past blogs.
Ernesto Cortazar, who composed the music for the movie, Scent of a Lifetime, today gives us "Beethoven's Silence".
https://www.youtube.com/watch?v=RIsbQwwLX8k
Oh, what the heck, why not "Scent of a Lifetime" too.
https://www.youtube.com/watch?v=Ncognzibu3U
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