Forget the Stock Market. The Rare-Plant Market Has Gone Bonkers.

  • 📰 WSJ
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Would you buy a $5,000 plant with holes in its leaves? Prices for rare varieties have gone up so much, even growers are scratching their heads.

The 1600s had the Dutch tulip market bubble. Now 2020 is doing the same for rare plants., with more people stuck at home and bored—and Instagram posts have helped send the market for unusual varieties into a tizzy. Growers, nurseries and plant shops are scrambling to keep up. The most coveted flora now fetch thousands of dollars. Plant flippers have jumped in to make a quick buck.

Jerry Garcia, a 27-year-old aircraft mechanic in San Diego, said in recent months he has been besieged by requests from people eager to buy a piece of his vast tropical-plants collection. During one week in August, he sold two small cuttings of a highly coveted Variegated Monstera Adansonii plant for $2,000 apiece. With proper care, the cuttings will eventually turn into plants.,” Mr. Garcia said.

Enid Offolter, a grower who runs NSE Tropicals in Plantation, Fla., figured that a sharp downturn in business would follow coronavirus lockdowns. Instead, she’s working 12-hour days, seven days a week, to meet the highest volume of orders she’s had in two decades in the industry.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Only nature loving people would do so. 😋

HamdanMohammed this is my brother and this is a cancer patient You have a lot of God to give poors like us, but you help the poor people. It is request please help I am very poor and live in Pakistan I do not have enough money to treat my brother for God.Please help+923002724393

'Tulip mania' all over again. Guess how that worked out....

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 98. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market live updates: Futures drop, better-than-expected jobless data, tech strugglesU.S. stock index futures pointed to losses across the board when the market opens on Thursday.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Snowflake, Tesla, Kodak: What to Watch When the Stock Market OpensSnowflake is down premarket after a torrid debut that saw its stock more than double in value on Wednesday. Here's what we're watching before the stock market opens. Fed/Powell: 'If we do not see another 3T stimulus package....considerable downside risks leading to evictions, foreclosures & badly scar our economy.' 🌷 Quickly unwinding & retracing 1/2 way to March lows before 9/29 presidential debate... = Trump Kryptonite
La source: WSJ - 🏆 98. / 63 Lire la suite »

Analysis: The simple thing Trump doesn't get about the stock marketDuring a town hall on ABC, President Trump said, 'Stocks are owned by everybody.' CNN's ChristineRomans explains why a booming stock market does not help everyone. ChristineRomans Strong stock market makes companies prone to hiring and spending on capital project, so he’s right. ChristineRomans That statement seriously reinforces how completely out of touch trump is with most Americans. Not that he cares. ChristineRomans I want to say first that I disagree with Trump on all levels, but you are misleading your viewers with the data you’re showing. Families own stocks when they’re invested in their retirement plans. They don’t own individual stocks but they own them in a mutual fund.
La source: CNN - 🏆 4. / 95 Lire la suite »

The stock market is usually a good predictor of presidential winners, but this year is differentThis year, the stock market's ability to predict the elections could be thrown because of the economic fallout from the worst global pandemic in a century and one of the sharpest downturns since the Great Depression. IT’S TIME TO ANTE UP! Maya Angelou said,”Do the Best You Can Until You Know Better. Then When You Know Better, DO BETTER!” We've Had 4Yrs Of Lies, Racism & Death Via I45/His Regime. WE GOT 1 SHOT TO FOCUS/END THE BS! REGISTER NOW/VOTE ASAP. NO EXCUSES...DO BETTER & VOTE BLUE!🇺🇸🌊 HAHA - Nobody wants Bidens world of violence, hate and racism. TRUMP will win in a landslide. The only people that want Biden to win are Hillary, China and Antifa. No...it's not any different. The economy is the most important thing to everyone. Fake Racism outrage is only on TV. No one thinks black people are hunted down it's the opposite BLM runs around hunting down BUILDING'S and acting a fool. We all know it's Trump landslide
La source: USATODAY - 🏆 100. / 63 Lire la suite »

Stock market outlook: 4 reasons equities can climb 'a lot' more, Tom Lee says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They can also go down a lot. Or the market can remain flat. See? I'm a stock market wizard too. Reason 1 The fed is handing out nearly free money that then goes into questionable stock buys, raising share prices artificially Duh.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Here's what happened to the stock market on ThursdayThe sell-off in Big Tech resumed Thursday, dragging down the broader market. Somethings different nothings changing The stock market
La source: CNBC - 🏆 12. / 72 Lire la suite »