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. Most of these items are from JWR’s “tangibles heavy” contrarian perspective. Today, we look at the impact of high hay prices and subsequently smaller cattle herds. (See the Commodities section.)
Precious Metals:
Gold, silver see price declines at greenback surges.
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Keith Weiner, at Gold-Eagle.com: Did Argentina Just De-Dollarize?
Economy & Finance:
Our own Tom Christianson mentioned this, published by The Washington Post: Seven doomsday scenarios if the U.S. crashes through the debt ceiling.
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A Tweet from commentator Mike Cernovich, pointedly illustrates how America’s middle class is being destroyed by inflation:
“I made $10 an hour as a part timer worker in Home Depot-style store. $12.50 on weekends. This was 1990s in a small town. [Adjusted for inflation, this] would be $19 an hour today and $24 on weekends. I checked and [the] same job TODAY is $12.50 an hour.”
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Paul Craig Roberts: The Economic Front: Recession and De-dollarization.