I designed the Retirement Compounders (RCs) using the dividend and interest model explained in Ben Graham's books while still a student at Babson College. The RCs went on to form the basis of my two decades long Young's World Money Forecast and Richard C. Young's Intelligence Report. Using my research, I spoke around the country at investment management conferences. In 1978, in Newport, RI, I started what became the award-winning Richard C. Young & Co. Ltd. (Barron’s (2012-2022) and CNBC (2019-2022) Disclosure). My son Matt has now run our family business for nearly three decades, and … [Read more...]
FOOD CRISIS? Ukraine Says Russia Is Blocking Grain Exports
Is a food crisis coming for countries reliant on Ukrainian grain exports? The country's government says that despite a grain export deal, Russia is blocking shipments of grain from Ukrainian ports in the Black Sea. Pavel Polityuk reports for Reuters: Ukraine’s ministry of renovation and infrastructure said on Thursday the U.N.-brokered Black Sea grain export deal had been halted again because Russia had blocked registration of ships to all Ukrainian ports. A U.N. spokesman said Russia had informed officials overseeing the initiative that Moscow would limit registrations to the port of … [Read more...]
Delivery Robots Coming to More Cities with Uber Eats
Uber Eats is partnering with Serve Robotics to expand its use of delivery robots from 100 in Los Angeles to 2,000 in cities throughout the U.S. and Canada. SupplyChainDive's Max Garland reports: The expansion of Uber and Serve’s partnership is a big step towards mass commercialization of autonomous delivery via robots, according to Kashani. Scale will be critical to the long-term success of companies in the space, helping them boost their volumes while tapping into efficiencies. Delivery bot executives say funding has been harder to come by than in years past, which has complicated … [Read more...]
Western Sanctions on Russia Have Strengthened Its Ties to India, China
Exports of Russian crude oil that had traditionally been bound for European or American shores are now finding destinations in India and China as the Asian mega-countries eagerly lap up the energy necessary to feed their growing economies. Muyu Xu reports in Reuters: Russian crude oil imports by China and India in May hit an all-time high as buyers gorged on discounted supplies, reducing demand for oil from the Middle East and Africa, according to preliminary assessments from ship trackers. The jump in Russian supplies comes ahead of a meeting between the Organization of the Petroleum … [Read more...]
A Cashless Society Is A Debacle for Americans
UPDATE 3.21.23: Florida Governor Ron DeSantis has proposed a law banning the use of central bank digital currencies in the state of Florida. CoinDesk's Stephen Alpher reports: A legislative proposal from Florida Gov. (and possible Republican U.S. presidential candidate) Ron DeSantis would prohibit the use of a national central bank digital currency (CBDC) as money within his state. "Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a 'centralized digital dollar' which will stifle innovation and promote government-sanctioned … [Read more...]
Democracy: The Most Dangerous and Insidious Effect of Majority Rule.
UPDATE: 4.20.23: As Joe Biden and Democrats call for more infringements on the Second Amendment, local officials are showing their commitment to protecting the Constitution from federal overreach. Jennifer Eberbach reports in the Livingston Daily that officials in Livingston County, Michigan, are not going to enforce unconstitutional restrictions on citizens' right to bear arms. She writes: A subcommittee of the Livingston County Board of Commissioners has forwarded a resolution reaffirming its stance on Second Amendment protections, encouraging the county sheriff and prosecutor not to … [Read more...]
What’s the Alternative to China for Manufacturers?
For decades now China has been the obvious choice for manufacturers looking for cheap labor. Now, reports John Keilman in The Wall Street Journal, manufacturers are looking elsewhere. He writes: Fears of military conflict and increasing security worries have some U.S. manufacturers re-evaluating their reliance on China. Executives are plotting alternate supply chains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible. That prospect became more conceivable, they said, after the 2022 invasion of Ukraine prompted companies to … [Read more...]
Container Production Cuts a Sign of Declining Trade?
Production of shipping containers will fall to a 14-year low in 2023, following a 71% decline in the first quarter. Are falling production numbers a sign of longer-term declining demand, or a simple realignment after extraordinary circumstances brought on by COVID logistical snags? Sam Chambers reports in Splash 247: Stagnating trade and a ballooning surplus of shipping containers, following easing of pandemic era supply chain constraints, has led to a collapse in newbuild container output, which is forecast by UK consultants Drewry to slump to its lowest level in 14 years. Drewry … [Read more...]
What You’ll Hear When You Call My Office
When you call the office of Richard C. Young & Co., Ltd. during business hours, what you’ll hear first is the voice of a real human being working at an American small business that values its clients. You won’t hear a recorded phone tree directing you to a no man’s land of extensions and recordings. You won’t be answered by someone in a far-off place. Whoever answers the phone will pick up in either of our Naples, Florida, or Newport, Rhode Island offices. The personal touch you get from the folks you’ll talk to is part of what has earned Richard C. Young & Co., Ltd. a ranking in the … [Read more...]
Do Governments Cause Recessions On Purpose?
That’s a question I put to readers back in 1988, and which is now relevant to today’s economy. The Federal Reserve is rapidly raising rates, and that is good news for savers who want to invest in bonds with decent interest rates, but the implications for the greater economy are also noteworthy. Here’s what I wrote in response to that question then: Do Governments Cause Recessions On Purpose? A recession is a prospect in the second half of 1989 because smart presidents realize that it’s tough to get re-elected if the public is dealt a recession before a presidential election year. It’s wise … [Read more...]
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