Whatever Happened to Common Sense?
by Gerardo Del Real
It’s still below freezing in Texas. People are literally freezing to death. Pipes are still frozen, people are still without power and water.
Gas stations are out of gas, lines for food at the grocery store run the length of entire city neighborhoods and the best some people have to offer is a meme. Oftentimes a meme to prove a political point.
Two words for those people. Do better.
Not the first two words that came to mind.
The failure of the state’s energy grid has led to water main breaks and water treatment plant outages here in Austin that has resulted in boil water notices for those lucky enough to have water.
This is one of the most prosperous cities in America.
Meanwhile, according to CNBC, our nation’s 911 system is broken. Yes the place people call during emergency situations also has antiquated infrastructure that has a very simple solution.
If saving lives isn’t motivation enough, fixing it comes with a phenomenal rate of return...
Cost of fixing it? $15 billion.
$15 billion that would save more than 10,000 lives and $97 billion per year.
Seems like common sense to get that done right?
This morning 861,000 people filed for unemployment insurance for the first time.
Be clear, massive investment in infrastructure — both private and public — is on the way.
Copper knows it, the bond market knows it and if you’ve been paying attention your portfolio knows it.
In the real world 2020 ended soberly and for a lot of people 2021 picked up where it left off.
Surging Covid-19 cases, millions unemployed, 90 million estimated to fall below the extreme poverty line worldwide.
Here in the U.S., 2020 brought the sharpest rise in the U.S. poverty rate since the 1960’s with over 8 million people now considered poor.
Food inflation due to shortages and lockdowns affecting supply chains is accelerating a potential food crisis in Europe amongst others.
But hey, the Wall St. bros have Jerome and Janet — the new J&J — on their side to make sure financial markets are functioning smoothly.
What could possibly go wrong?
Let's get it!
Gerardo Del Real
Editor, Resource Stock Digest
For the past decade, Gerardo Del Real has worked behind-the-scenes providing research, due diligence and advice to large institutional players, fund managers, newsletter writers and some of the most active high net worth investors in the resource space. Now, he is bringing his extensive experience to the public through Resource Stock Digest, Junior Resource Monthly, and Junior Resource Trader. For more about Gerardo, check out his editor page.
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