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 electric car woes, in cold weather. (See the Commodities section.)
Precious Metals:
At Zero Hedge: First Costco, Now Walmart? Major Retailers Now Offer Gold Bars.
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Keith Weiner: The Anti-Concepts of Money: Stagflation.
Economy & Finance:
Federal Reserve Payments to Banks Trigger Largest Ever Operating Loss. JWR’s Comments: It is a good thing that they are in the “Making money from thin air” business. For any other entity, it might spell doom.
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Zhongzhi Enterprise Group, again: Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy.
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$8.2T in Maturing Treasuries in 2024, Yellen Faces Political Pressure Amid Falling Yields.
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Linked over at the Whatfinger.com news aggregation site:
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Reader C.B. sent this: World Bank: Global Economy on Track for Worst Half-Decade of Growth in 30 Years.
