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 continuing automotive microchip shortage. (See the Commodities section.)
Precious Metals:
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Mike Gleason, at Gold-Eagle.com: Fed Expects No Recession as Inflation Negates Actual Economic Growth.
Economy & Finance:
New York, California lost more tax income than every other state as people fled liberal enclaves.
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Bank failure: Kansas Heartland Tri-State Bank closed by FDIC. JWR’s Comment: The takeover of this bank, with $139 million in total assets hardly registered a blip on the news radar for the mainstream media outlets.
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A FoxBusiness piece linked over at the Whatfinger.com news aggregation site: Ford set to lose $4.5 billion on electric vehicles this year, despite increased revenue.
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Some projections from Visual Capitalist: The Fastest Growing and Declining Industries in the U.S. (2021-2031P). JWR’s Comment: If there is a regional war or a World War that disrupts trade, these projections would of course be “overcome by events” (OBE).
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Mega Millions Jackpot Hits $1 Billion—Here’s How Much The Winner Would Take Home After Taxes.