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, we look at the jet fuel shortage. (See the Commodities section.)
Precious Metals:
August could be a ‘terrific’ month for gold, says Jim Cramer [2].
o o o
Arkadiusz Sieroń: Allocation to Gold Is Set to Rise. How Will Prices Respond? [3]
Economy & Finance:
Will the Delta Variant Wreck the Recovery? [4]
o o o
At Zero Hedge: Banks Are Literally Begging Americans To Take Out Loans And Max Out Credit Cards [5].
o o o
$12 Billion Hedge Fund Suffers $1.5 Billion Loss On Massive Treasury Short Squeeze [6].
Commodities:
In The WSJ: Behind the Rise of U.S. Solar Power, a Mountain of Chinese Coal [7].
o o o
OilPrice News reports: The Real Reason Big Oil Is Betting On The Hydrogen Boom [8].
o o o
Inflation Watch:
At Wolf Street: State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos [10].
o o o
Kiplinger: Inflation Will Cool… Later [11].
o o o
Current US Inflation Rates: 2000-2021 [12].
Forex & Cryptos:
EUR/USD forecast Euro Dollar on August 3, 2021 [13].
o o o
At Currency Thoughts: FOMC Statement and Powell’s Press Conference [14].
o o o
o o o
PayPal Is Expanding Crypto Team, Hiring 100+ Crypto Positions Globally [16].
o o o
China’s digital yuan could pose challenges to the U.S. dollar [17].
Tangibles Investing:
From reader M.J.: Eviction Moratorium Is Over [18]. JWR’s Comment: Unless this decision is reversed — likely, given the leftist political climate — someday we may look back on this month as the turning point in the 2021 Real Estate Bubble. At this juncture, millions of discouraged landlords who have been stiffed by their renters for many months will put their rental houses, apartments, and condos on the market, simply to be done with them.
o o o
The War Against Homeownership [19].
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [20] 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 [21].) 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!