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 the global wheat market. (See the Commodities section.)
Stocks:
We’ll start with this warning from Michael Snyder: Why Are So Many People Talking About The Potential For A Stock Market Crash In October?
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At Seeking Alpha: The SEC Comes For Elon: The View From Longsville
Economy & Finance:
What Will Surging Mortgage Rates Do to Housing Bubble 2?
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At Wolf Street: Inversion Watch: Dancing the Global “Yield Curve” Tango?
Commodities:
Brace for $100-a-Barrel Crude Oil as as Global Supply Cushion Vanishes
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Over at Farm Futures: Wheat Outlook – Wheat tries to turn a corner — again. This article by Bryce Knorr begins: “The wheat market can point fingers at plenty of reasons why prices struggled over the past month, from seasonal trends to the negative mood in corn and soybeans. But charts and perhaps fundamentals too suggest hopes for a modest rebound. The slide into September was not unexpected. That’s what usually happens as growers get rid of wheat in front of the fall harvest, when lower prices of corn and soybeans typically weigh on sentiment too.”
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Stocks:
Michael Snyder, Peter Schiff, Harry Dent, Bill Holter, David Stockman, Rob Kirby, Jim Willie, Lindsey Williams and his “elite friend”,…
What these charlatans, these purveyors of doom porn, have cost their followers in the past decade borders on criminal negligence. There is not a single person on this blog or any other that would tolerate this level of inaccuracy and missed predictions from their doctor or auto mechanic, much less someone upon whom they trusted to make financial decisions. Over the past decade, nothing has changed except the date of the prediction.
Dow up 200+ and reaching for 27k, S&P best quarter since 2013, Trump strikes trade deal lifting all markets, heck, even Tesla is up. For some it may be too late, but for the younger folks, please don’t wake up 10 years from now when the Dow is at 60,000 and the dummy you went to high school with just bought his second estate with the proceeds of that pot stock he bought for $2 and now its $1000. Your grandchildren will thank you.
“There is not a single person on this blog or any other that would tolerate this level of inaccuracy”
(shrug) it wasn’t inaccuracy, it was innocence. the predictions were based on market forces rather than massive decade-long behind-the-scenes fraudulent manipulation. nobody thought the market would be completely replaced by fraud. people who got into the market when it was low weren’t smart, they were just guessing, and they guessed lucky. that’s all.
by the way. don’t forget that it all your gains are theoretical and mean nothing until you sell. good luck.
Innocence? Ok, I’ll buy that for the first couple of years. However, when it’s “ECONOMIC COLLAPSE 2013…2014…2015…2016…2017…2018!!!”? These individuals claim to be experts and even the most ignorant among them have known for years that the markets are manipulated. Most are nothing more than snake-oil salesmen of the highest order.
“Gains are theoretical”–technically correct, realistically naïve. “No Mr. Bezos, we can’t assist you with funding for your new headquarters, your trillion dollar market cap is purely theoretical”. Reminds me of the time I tried to “enlighten” the old farmer next door that the USD was a fiat currency and that all his money was worthless paper. He called me a couple days later to show me his new John Deere 7290 that he paid in full with his “worthless fiat printed from thin air”.
“These individuals claim to be experts”
they are. in markets.
“nothing more than snake-oil salesmen of the highest order.”
if you like. but it’s hard to let go of one’s lifetime perspectives, and everything they say is technically correct – for markets.
“No Mr. Bezos, we can’t assist you with funding for your new headquarters, your trillion dollar market cap is purely theoretical”.
heh. “funding” meaning “loans”, meaning they’re taking a risk – that’s why there’s an interest rate attached to the loan. sure it’s not much of a risk – until one morning it is.
“show me his new John Deere 7290 that he paid in full with his ‘worthless fiat printed from thin air’.”
it’s clear you don’t quite get the concept. it is not “worthless fiat”, it is theft. the dollar’s owners skim from whoever uses the dollar, and the farmer just took his cut along the way.
Let the record show that you have clearly presented irrefutable logic and reason, and honestly, I don’t know what I was thinking.
“Why Are So Many People Talking About The Potential For A Stock Market Crash In October?”
because they’re trying to keep stock prices down while they access more debt to buy more stocks?
Not sure why people are so worried about rising fuel prices as we are now the Saudi Arabia of energy. In the past when fuel prices went up companies uncapped rigs and started pumping to stabilize supply. This is a game of produce enough but remain profitable.