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 the low market price of corn. (See the Commodities section.)
Precious Metals:
What is Going On? Three Separate Coin Shop Owners Shocked as Their Bank Accounts Suddenly Shut Down with No Reason Given (Video). JWR’s Comments: I was “debanked” two years ago, for political reasons. All in all, I Hate Banks!
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Clive Maund, at Gold-Eagle.com: Gold Market Update – How It Will Perform During A Stock Market Crash.
Economy & Finance:
Our own Tom Christianson recommended this: The Permanent Crisis Economy — We’re still living in 2008.
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Reader H.L. sent this: Hedge funds have bailed on the U.S. consumer in a big way, Goldman Sachs data finds. JWR’s Comments: Seeing so much shorting going on gives me serious doubts about the stock market. Given the current credit market conditions I’m presently on the sidelines for equities, and I’m glad that I’m insulated from any upcoming drop in shares.
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H.L. spotted this news: Walmart cuts starting pay for new hires who prepare online orders, stock shelves.
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J.M. Smucker to buy Hostess for $5.6 billion.
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Linked over at the Whatfinger.com news aggregation site: Biden meets Li Qiang, says China economic ‘crisis’ makes Taiwan invasion less likely. JWR’s Comment: It seems that Biden has discounted the long history of nations engaging in foreign wars to distract their populaces from domestic troubles.
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