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 industry perspectives on the ongoing ammunition shortage. (See the Tangibles Investing section.)
Precious Metals:
Fed Musings About Distant Interest Rate Hikes Spook Metals Markets
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Inflation And Gold In The 1970s Vs. Today’s Situation.
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A good primer: Coins vs Bars – Expert Tips on Gold and Silver Coins and Bars.
Economy & Finance:
Bank of England to look through temporary inflation rise, says Poll.
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From the leftist CBS News: Unemployment applications rise from a pandemic low, even as economy strengthens.
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And at Zero Hedge: Powell Just Launched $2 Trillion In “Heat-Seeking Missiles”: Zoltan Explains How The Fed Started The Next Repo Crisis. A quote:
“Needless to say, flooding the Fed’s RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse’s own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, ‘…the re-priced RRP facility will become a problem for the banking system fast: the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market).'”
Commodities:
Lumber Bubble Bursts; Term Structure Slope Suggests Relief Coming For Homebuilders.
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Reader A.K. suggested this: Drought Forces Farmers To Abandoned Fields Of Dry Crops
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Are Commodities About To Fall Out Of Fashion?
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Some Commodities Have Now Wiped Out All of Their 2021 Rally.
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Energy expert warns of ‘oil crisis’ in coming years.
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High-flying battery makers have much to win and lose: S&P Global Ratings.
Inflation Watch:
Wolf Richter of Wolf Street interviewed by Howe Street: Is This Inflation Temporary? My Thoughts on the Biggest Mess I’ve Seen in Decades. And other Nuggets of Dispute.
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Watch Live: Fed Chair Powell Explains How A Fed-Driven Surge In Cost Of Living Is Helping ‘The Poor’
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Is Inflation “Transitory”? Here’s Your Simple Test.
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Lacy Hunt Warns Fed Has Reached Its Limit, Sees ‘Inflation Today, Deflation Tomorrow’.
Forex & Cryptos:
Euro Latest: EUR/USD Recovery Faces Hurdle, Powell Risk Ahead.
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Elizabeth Warren Supports Central Bank Cryptos. Should You Be Worried?
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Over 3,000 ATMs in Beijing can now convert digital yuan into cash.
Tangibles Investing:
Pat Cascio suggested this: Ammo shortage shows no sign of improving: Smith & Wesson. Here is an excerpt:
“‘At some point, demand will certainly soften,’ said Rob Southwick, president of Southwick Associates. ‘However, frenzied purchasing and empty shelves often fuels further increases in demand. We do not see demand softening in the near future.;”
JWR’s Comment: It comes as no surprise to hear that S&W just booked $1 Billion in sales for the first time.
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“We Got Caught Off Guard”: Winchester President Discusses Ammo Shortage And What’s To Come.
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Over at Dr. Housing Bubble: If Everyone is Leaving California, why is it that Home Prices Keep Going Up? Education and Politics are a Driving Force.
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!