Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at the continuing strong demand for RVs and camping trailers. (See the Tangibles Investing section.)
Precious Metals:
Gold/silver ratio: why does silver suck?
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Russia moving closer to a gold standard – official.
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The Old Standard: Why Gold Is Beating Bitcoin In 2022.
Economy & Finance:
A major recession is coming, Deutsche Bank warns.
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Death to the car dealership — the Tesla sales model is poised to take over America. A pericope:
“Massive industries don’t shift on a dime. These changes are likely to filter down over the next five years. But they will be dramatic and likely paralleling the auto business’ overall shift toward electric vehicles.
Begin with the demise of that 900-car lot. Dealers will have little choice to convert from shopping centers to test drive and ordering sites. The real estate of that suburban dealership Auto Row can be put to better use — the economics are simply too compelling.
There will no longer be a need for a 10-acre expanse of parked vehicles. Instead, that giant selection will be replaced by a few versions of each model. Buyers will make appointments for test drives, then order at a kiosk or online from home. You’ll see a repair center, perhaps a showroom and a smaller lot for trade-ins. You’re also likely to see micro dealerships popping up in more convenient locations, much in the same way Enterprise Rent-A-Car has expanded to neighborhood storefronts.”
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C.B. sent us this: Robinhood lays off 9% of its staff.
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California to raise its gas tax, already the highest in the nation.
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Half of parents with children 18-plus still providing financial support: Survey.
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New entrants push global hedge fund industry over $5 trillion threshold.
