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 Urban Doom Loop concept. (See the Economy & Finance section.)
Precious Metals:
A fascinating read, from Jan Nieuwenhuijs: The West Is Losing Control Over the Gold Price.
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Zimbabwe central bank close to introducing gold-backed digital tokens into retail.
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Central Bank Gold Demand Hits Record High, U.S. Petrodollar on Deathbed?
Economy & Finance:
Over at Yahoo Finance: How the ‘urban doom loop’ could pose the next economic threat. An excerpt:
“All across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban doom loop. The fear is that a commercial real estate apocalypse could spiral out and slow commerce, wrecking local tax revenue in the process. Ever since the pandemic drove a boom in remote work, hubs such as New York and San Francisco have drawn attention for their empty offices in previously bustling skyscrapers. But many economists are even more worried about midsize cities that have fewer ways to offset the blow when a major company slashes office space, the sale price of a building craters, or a downtown turns into a ghost town.”
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At Zero Hedge: US Durable Goods Orders Crashed By Most Since COVID In July.
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