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The Retired Investor: Food Faces Escalating Prices
By Bill Schmick,
04:18PM / Thursday, October 29, 2020

It has been a long time coming. Commodities have been in the doghouse for years, but a combination of events are conspiring to lift the prices of soft commodities much higher.

A definition of soft commodities refers to future contracts of substances that are grown, rather than extracted or mined. We know them best as food and fiber commodities, such as wheat or lumber.    Shortages are occurring in everything from soybeans to wheat and it is not just in the United States. Readers might immediately think to blame the pandemic for this trend. You would be only partially correct. At the outset of the COVID-19 crisis, the hoarding of food in certain areas of the world

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The Retired Investor: China Leads Global Economic Recovery
By Bill Schmick,
04:30PM / Thursday, October 15, 2020

There is a saying on Wall Street, "first in, first out," which aptly describes the experience of the world's second-largest economy this year. The coronavirus was spawned in Wuhan, China late last year, but thanks to the country's quick response, China has sprung back stronger than ever.

By almost any economic measure, China has not only managed to avoid a recession this year, but will actually see its GDP grow by 1.6 percent in 2020. To put that growth in perspective, the world's economy is expected to decline by 4.4 percent this year.   The startling Chinese recovery in the face of ongoing pandemic problems throughout the rest of the world, can be

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The Retired Investor: U.S. Moves to Nail Down Strategic Metals
By Bill Schmick,
04:03PM / Thursday, October 08, 2020
Rare-earth minerals, with names like cerium, dysprosium and gadolinium have become "must have" materials in the global race to win the technology battles of the future. The problem is that throughout the last 30 years China has built a near monopoly in these strategic metals.   Rare-earth elements (REEs), consisting of 17 different minerals, are used to make components in many high-technology devices, including smart phones, digital cameras, computer hard discs, fluorescent and light-emitting-diode (LED) lights, flatscreen televisions, computer monitors, and electronic displays. China commands 35 percent of the world's reserves of these minerals and produces

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The Retired Investor: Halloween Could Be the Holiday Test Case
By Bill Schmick,
04:16PM / Thursday, October 01, 2020
As October begins, mountains of candy have become a fixture in every store and supermarket. Halloween is the first in a series of fall into winter holidays. The candy companies are hoping it's going to be business as usual this year, but that depends on who comes to your door.    Whether it is trick-or-treating or costume parties, no one wants a visit from this year's most fearsome of monsters—the coronavirus. Worried parents wonder if this unwanted guest will be hiding among those candy wrappers, or in the noses, hands and mouths of excited children (or the parents and guardians accompanying them). Will one cough undo months of masks and safe

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The Retired Investor: Back to the Future in America's kitchens
By Bill Schmick,
05:34PM / Thursday, September 24, 2020
Whether it is recipes, groceries, home gardens, grilling, pots and pans or online cooking classes, Americans have rediscovered the kitchen, thanks to COVID-19. Where once an occasional meal at home, or a single-serve dish for the kid's lunch was sufficient, times have changed. Home cooking has become a bigger business.   Americans are cooking more and throwing out less food, according to the Food Marketing Institute, an organization that tracks grocery shopping trends. They saw a 40 percent uptick in home cooked meals, and a 27 percent increase in those who were planning more meals in advance in 2020.    However, cooking at home, many Americans

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