economy

I guess the whole point is that ours is a world apart, a sanctuary from the cares of the "real" one. But it still feels unnerving, to see a new cycle of the sales calendar open with such blithe indifference to a wider consensus that the global economy is scrabbling along the top of a precipice.

With a pandemic that's led to the loss of 200,000 lives, the loss of jobs, and overall economic instability that's affected most people except for the super wealthy that are heavily invested in the stock market, no one expected the Keeneland September yearling sale to be anything but down by gross and average versus last year. This was as predictable as saying that an egg dropped on concrete from six feet would break. So, what's the damage? Through the first 10 sessions that ended with Book 5 on Wednesday, 2,129...