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 Texas Corporate Relocation. (See the Companies Bound For Texas section.)
Precious Metals:
Lyn Alden: Gold Price Forecast 2021: On a Bullish Track
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Billionaire Investor Thomas Kaplan says gold prices to move ‘way past’ all-time highs
Economy & Finance:
Deloitte: Weekly global economic update. Here is a snippet:
“Third, a disproportionate share of the increase in equity prices this year stemmed from the performance of technology companies. Investors have bet that, in the aftermath of this crisis, the transition to more remote interaction will continue. Thus, if large numbers of people continue to work, shop, and be entertained remotely, then technology companies will be the principal beneficiaries. Thus, their high share prices might make sense.”
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At InvestmentWatchBlog: Mapped: The Risk of Eviction and Foreclosure in U.S. States
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Over at Seeking Alpha: Inflation Is Here Right Now And Interest Rates Are Headed Significantly Higher
Companies Bound For Texas:
This trend started long ago, but seems to be accelerating: Texas No.1 destination for companies leaving California for last 12 years.
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Oracle is moving its headquarters from Silicon Valley to Austin, Texas. JWR’s Comments: Unlike the gun manufacturers that are relocating to Texas, this move will not improve the politics of Texas. As a former Oracle employee who worked at the corporate headquarters in Redwood Shores, I can vouch that Oracle’s management is ultra-liberal, and most of its employees are left of center. This was from mid-1999 to early 2001. I found their pandering to every liberal cause and bizarre sexual orientation was sickening. So, for Texans, this particular announced move is not good news.
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And, similarly, there is this news about H-P: The company that literally started Silicon Valley is moving to Texas
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Elon Musk says he has moved to Texas
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Incora (Wesco) Moving to Fort WorthContinue reading“Economics & Investing For Preppers”