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, another look at the Evergrande debacle. (See the Economy & Finance section.)
Precious Metals:
Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces in 2024.
o o o
Over at Gold-Eagle.com: Andy Schectman: $2,000 Floor For Gold Continues To Hold.
Economy & Finance:
In China, the other shoe has dropped, to wit:
Evergrande shares halted after Hong Kong court orders liquidation.
and,
o o o
Bundesbank Says Germany Already Likely In Recession.
o o o
A report from Reuters: Global debt hits new record high at $313 trillion – IIF.
o o o
Buying votes: Biden Admin Cancels $1.2B More of Student Loans. JWR’s Comment: I am not thrilled to learn that my taxes are paying off the student debts of some Gender Studies B.A. graduate, in New York.
o o o
At Newsmax: Rising Credit Card Interest Costs Consumers Extra $25 Billion.