Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Tesla Motors CEO Elon Musk. (See the Stocks section.)
Precious Metals:
Hedgers Move To Net Long Position
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Stocks:
File under: “Cheech & Chong & Musk (or under: “Up In Smoke”): Tesla shares plunge SIX PERCENT- wiping $3.1BILLION off the company value – after Elon Musk’s wild pot-smoking, whiskey-drinking rambling podcast and company’s top accountant quits
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This timeline charts Elon Musk’s dramatic rise to internet fame (or descent into internet infamy)
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Stock Market News For Jul 9, 2018
Economy & Finance:
Layoffs Just Reached a Half-Century Low
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Trump has set economic growth on fire. Here is how he did it
Cryptos and Forex:
Next, over at Wolf Street: Crypto-Mania Collapse Update: $638 Billion Gone: Of the seven biggest, six have plunged by 78% to 92%
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Currency Speculators Reduced USD Index Bets For 1st Time In 20 Weeks
Commodities:
Natural Gas Hits a Five Week Low
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Over at CommodityOnline: Commodities Trends
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News Tips:
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often get the scoop on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
Trump didn’t set Economic Growth on fire. That’s absurd. Now, the idea that he could set it on fire certainly has had a yuuge confidence boost to small biz and shoppers. Nobody alive’s grandchildren will be able imagine working themselves out of a wet paper bag without the government helping them do it. Of course, the headline is CNBC, a government propaganda outlet so nothing can be organic. It’s all about the gubmint saving you.
“tesla shares plunge six percent”
bit-car.