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. Today, we look at fixer-upper houses. (See the Tangibles Investing section.)
Precious Metals:
Egon von Greyerz: Everything Is On Fire.
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Economy & Finance:
At Daily Wire: A Third Of California Restaurants Close Permanently Due To Lockdowns. JWR’s Comments: I suspect that the majority of these were family-owned restaurants, not the big chains. Whenever looking at macroeconomic trends, ask: Cui bono?
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At Zero Hedge: Repo Crisis Looms: Fed’s Reverse Repo Usage Soars To $351BN, Fifth Highest Ever.
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Missouri: St. Joseph Stockyards closes after more than a century.
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Consumer Sentiment Unexpectedly Crashes on Rising Inflation Fears, Weakening Income Expectations.
Commodities:
In The Wall Street Journal: Empty Lots, Angry Customers: Chip Crisis Throws Wrench Into Car Business.
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OilPrice News reports: Google, Amazon And Netflix Are Scrambling for This Rare Gas.
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Great Commodities Boom of 2021 Hits Pause Amid Wider Selloff.
Equities:
Michael Burry’s Shocking Position Revealed | Hyper-Inflation Prep.
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The Motley Fool: Warning: This Warren Buffett Indicator Predicts a Market Crash.
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Avi Gilburt: It’s The Roaring ’20s Again – Begin To Prepare For The Same Ending
Forex & Cryptos:
Dollar and Equities Strengthened Overnight.
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Fed Barkin: Inflation to increase this year and likely to revert back to normal in 2022.
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India denies asking state banks to withdraw cash held abroad over Cairn dispute By Reuters
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Michael Milano: Let’s Level the Playing Field between the Dollar and Competing Currencies.
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The Fed this summer will take another step in developing a digital currency. JWR’s Comments: As I’ve warned you before, folks…. As each national government launches its sovereign crypto, they will systematically regulate, tax, and eventually ban the private opaque cryptos, starting at the nexus of the crypto exchanges. Get a hardware wallet and get your coins and tokens out of the exchanges, ASAP.
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Crypto Crash Cost Ethereum Boss His Billionaire Status, Said We’re Caught In A Bubble
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Bitcoin value cut in half as cryptocurrencies tumble in weekend slide.
Tangibles Investing:
Millennials are flocking to fixer-uppers because it’s the only way some can afford a home.
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And here are a pair of recent articles from The Wall Street Journal (behind their paywall) that are indicative:
Real-Estate Frenzy Overwhelms Small-Town America: ‘I Came Home Crying’.
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In Phoenix, Million-Dollar Homes Can’t Sell Fast Enough.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR. (Either via e-mail or via our Contact form.) 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!