Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at food and fuel price inflation. (See the Inflation/Deflation Watch section.)
Precious Metals:
The gold-to-platinum ratio is now seriously off-kilter. Now is a good time to ratio trade out of gold and into platinum, for at least a small part of your holdings.
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Over at Gold-Eagle.com: Gold to Break $2100 This Spring.
Economy & Finance:
From Newsmax: $1T in Credit Card Debt Puts Renters, Poor at Risk.
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The Chinese stock market is continuing to tumble. (Beware of contagion.)
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H.L. suggested this at the Mises Institute site: Are Bankruptcies of Some US States in the Future?
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NYC to offer migrants $53 million in pre-paid credit cards, report says. JWR’s Comment: If New York City wants to discourage the arrival of more illegals there, then perhaps handing out free money is not a good idea…
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The US has a $6 trillion problem over the next twelve months.