Been a little while since I have done one of these blogs on the economy......
I am wondering how many billions of dollars the winter storm we just had will cost? In just rebuilding the infrastructure in places will cost a pretty penny, and we got luck down here.
The rice farmers in this country export most of their rice overseas and with tariffs, that market has shut. I read an article that Mississippi rice farmers were thinking about the rice they harvested this year just rot.
BTW- The largest producer of rice in the US? Arkansas, followed by California.....
Amazon is to announce this week lay-offs of between 14,000-16,000 workers.
Citi Group- 1,000.
Tyson Foods- 5,000
They are saying that on average, 258 workers at tech companies are being let go every day in 2026.
My question is this, after all these people are replaced by AI, who is going to buy the products being produced? And I will continue asking that question.
Watch the metal markets. They are going bonkers.
Gold is right at $5100 an ounce-
Silver is right at $109 an ounce-
I hope you were not looking at buying any serious jewelry right now.
Copper is at an all time high.....
Natural gas prices are nuts right now, mostly due to the cold here in the South. And I use propane for certain items here at the Compound.
With beef prices as they are, I looked at the profitability of turning the Farm into cattle production. My luck, I'll get started and the market will drop like a rock. Plus, to seriously get anyone to work in that field for you anymore, well, ICE will ship them off.
May write on something local later today. Let's see if it pans out.
Stay warm folks. I see it will be pretty cold through the weekend.
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