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Economics & Investing For Preppers

Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR [1]. Today, a pointer to an online source of ammunition. (See the Tangibles Investing section.)

Precious Metals:

We were saddened to hear of the death of metals market analyst Peter Hug [2]. Our condolences to his family.

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Arkadiusz Sieroń: Will A Fiscal Revolution Raise Gold To The Throne? [3]

Economy & Finance:

At Wolf Street: Buyers’ Strike? Everyone Knows the Housing Market Has Gone Nuts: amid Wild Distortions, Prices Spike but Sales Plunge [4]

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US economy will be ‘enormously strong’ at end of 2021: Art Laffer. [5]  JWR’s Comments: This outward appearance of economic strength ignores the artifices of low interest rates and trillions of dollars in economic stimulus created out of thin air. This is the biggest bubble in world history. When it inevitably pops, we will probably live though an inflationary economic depression that is longer and deeper than the Great Depression of the 1930s.

Equities:

The U.S. stock market is now looking very “toppy”.  Although those seemingly limitless stimulus miracle bucks may keep the markets afloat a bit longer, I consider this a good juncture to sell off any of your stocks that are not depression proof. It is better to be a year too early than a day too late.  If you don’t have the guts to sell at present, then at least put in stop-loss orders! – JWR

Commodities:

H.L. sent us this: “That’s How Crazy The Market Is” – A “Virtually Unheard Of Trade” Spotted In Lumbe [6]r

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OilPrice News reports: U.S. Natural Gas Production Poised To Soar [7]

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Bloomberg: The Grocery Price Shock Is Coming to a Store Near You [8]

Taxes:

Biden Eyeing Tax Rate as High as 43.4% in Next Economic Package [9]

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What Higher Corporate Taxes Mean For The Market: A Surprising Observation [10]

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IRS holding over 29M unprocessed tax returns, delaying refunds for many low-income Americans [11]

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Tax hike in Illinois? Lawmakers to meet Friday as state faces $4 billion deficit [12]

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Study: Biden Will Raise Taxes On 80 Percent Of Americans, Cut Annual Income $6,500 Per Household [13]

Forex & Cryptos:

Who Benefitted From The Euro And Who Pays The Piper Now? [14]

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Venmo launching crypto feature to buy and sell Bitcoin, other digital currency [15]

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Over $200 billion wiped off cryptocurrency market in a day as bitcoin plunges below $50,000 [16]

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Make No Mistake: Programmable Digital Currencies Are Weaponizable Money [17]

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Dozens Arrested After CEO Of Turkish Crypto Exchange Flees With $2 Billion [18]

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‘BritCoin’ – UK Considers New Central Bank Digital Currency, What Happens To Cash? [19]

Tangibles Investing:

I’ve had several readers write to ask where they can find ammunition. They’re all telling me the same thing:  Their local gun shops are chronically sold out, except for a few oddball and semi-obsolete cartridges. But I’m still having success in finding ammunition via AmmoSeek.com [20]. Their website’s interface is fairly intuitive. It seems to be constantly updated, so I’m fairly confident that they are using some sort of “scraping” software, to regularly check for availability and pricing. I’ve bookmarked AmmoSeek.com [20], and I recommend it. (Note: I have no relationship with the company. But they’d probably be a good fit as a SurvivalBlog advertiser.)

Provisos:

SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [21] page for our detailed disclaimers.

News Tips:

Please send your economics and investing news tips to JWR [1]. (Either via e-mail or via our Contact form [22].) These are often especially relevant because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. And it need not be only about commodities and precious metals. Thanks!