The Weekly Treasure, Week of November 27th, The $100k Tool Bag Orbiting Around the Earth

Stay Updated with Finance and Economy News | The Weekly Treasure
Ben Verschuere - Chief Investment Officer
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November 27, 2023

Hi Treasure Friends,

We hope you enjoyed a nice Thanksgiving and if you are not in the US had a great week. The big news last week was the continuation of the paradox of the current housing market as home prices kept climbing even as existing home sales tanked to a 13 year low last month.

What the Treasure Team is reading​

​​From the Treasure chest...

The $100k tool bag orbiting around the earth: Every construction worker who ever accidentally left their tools at their worksite now has something in common with NASA astronauts, who lost a tool bag worth $100,000 during a spacewalk on Nov. 1, the space agency announced. The white satchel, which can now be seen orbiting the Earth with a telescope or a good pair of binoculars, is hovering about 200 miles above the planet. The bag eluded astronauts Jasmin Moghbeli and Loral O'Hara during a maintenance spacewalk on the International Space Station. The astronomy website EarthSky said the tool bag, which is orbiting in the sky just ahead of the space station, is shining just below the limit of visibility to the unaided eye, where it could be seen with minimal help. For those worried about the tools falling on someone's head on Earth, experts said there is no chance of that happening. The tool bag is expected to remain in orbit for a few more months, where it is expected to descend and promptly disintegrate in Earth's atmosphere. The tool bag should meet its fiery fate around March, according to EarthSky.

Have a great week!

The Treasure Team

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