“It’s a lousy, costly, 19th century business.” From clay, ochre and flint, to the energy and infrastructure to store “the internet of things” (data), we’ve relied on mining for thousands of years. The trouble only started when people started to lose touch and forget ‘where things come from’, and governments became too big. But yes, it’s a good time to buy mining stocks... The market will have to revert back to fundamentals at some stage. The Magnificent Seven only consume, they don’t produce.
The Federal Reserve does not plan on ever cutting Interest Rates. Here's why:
The Truth about Interest Rates & The Future of America
BY: what's the DILL?
https://open.substack.com/pub/blackboxpolitics/p/the-truth-about-interest-rates-and?utm_source=share&utm_medium=android&r=99p96
“It’s a lousy, costly, 19th century business.” From clay, ochre and flint, to the energy and infrastructure to store “the internet of things” (data), we’ve relied on mining for thousands of years. The trouble only started when people started to lose touch and forget ‘where things come from’, and governments became too big. But yes, it’s a good time to buy mining stocks... The market will have to revert back to fundamentals at some stage. The Magnificent Seven only consume, they don’t produce.
Great article!
I am a member of the phyle and according to Matt in today's YT Doug Casey s take, members are eligible for the Crisis Investing newsletter.