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, a few glimpses at the latest socialist schemes. (See the Economy & Finance section.)
Precious Metals:
Stefan Gleason: Silver Supply Deficit Frames Bullish Outlook.
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Gold Falls Below $1900 as DXY Rallies to a 25-Month High.
Economy & Finance:
Buttigieg floats ‘monthly transportation payment’ that ‘covers everything’ to replace car payments. Here is an excerpt:
“Secretary of Transportation Pete Buttigieg suggested that transitioning to a “monthly transportation payment” from monthly car payments could be in America’s future.
Buttigieg also said a “monthly mobility dividend” could lie further out in the future.
“What I mean by that is if we’re looking way out into the future, where we have things like, let’s imagine distributed energy generation where you have resources at your house, whether it’s a dramatically more efficient, even solar panels and wind resources,” Buttigieg said Wednesday at an event hosted by the liberal think tank New America.”
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California Lawmakers Propose 4-Day Workweek.
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Canceling student loan debt ‘still on the table,’ White House says: What to know.
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US rent prices reach record highs as buyers pushed out of market.