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 price changes for used cars and classic cars. (See the Tangibles Investing section.)
Precious Metals:
Arkadiusz Sieroń: We’re Close to Hitting the Debt Ceiling: Gold Doesn’t Care.
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Dollar strength today is equal to gold weakness in terms of percentage gain and decline. (Gary Wagner.)
Economy & Finance:
Seven Possible Causes Of The Next Financial Crisis.
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UPS exec sees supply chain disarray extending into 2022.
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Welcome To The Central Bank Hotel, Once Inside You Can Never Leave.
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Big Banks Tout Being Pro Gun-Control, So Louisiana Just Took $600 Million Out of Their Hands. (A hat tip to H.L. for the link.)
Taxes and Government Budgets:
Over at the FEE site: New Plan Would Push Top Tax Rate to Almost 60 Percent In These 4 States.
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Mike Maloney: I Uncovered a Half-TRILLION DOLLAR FRAUD $$$.
Commodities:
This was reported on September 28th: Europe’s Natural Gas Prices Surge 10% To Fresh Record Highs.
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But then this was reported on September 29th, here in the States: Natgas Drops 7% On Warmer Forecasts, Largest One-Day Decline Since January.
JWR’s Comment: It seems that the markets for some volatile commodities can be… …volatile.
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OilPrice News reports: Goldman: Oil Could Hit $85 In The Fourth Quarter.
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Oil prices down after hitting three-year high.
Inflation Watch:
Back by Popular Demand – Prices of 7 More Things Ready to Go Way Higher.
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Powell: Inflation Might Not Be Transitory, After All.
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Dollar Tree Is Raising Prices And People Can’t Handle The Change.
Forex & Cryptos:
At Currency Thoughts: Brief Dollar Outlook Update.
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US Dollar Status as Dominant “Global Reserve Currency” amid Reckless QE & Government Deficits.
JWR’s Comments: When The Day of Reckoning does inevitably arrive for The Almighty Dollar, it will be an ugly day. The effects will be felt worldwide for a century or even several centuries. I learned long ago that currency markets tend to move along simply by inertia and force of habit for many years. But then comes that fateful Moment of Realization, Signifying Imminent Doom (MORSID). That is when the holders of a doomed currency start to live in interesting times. Don’t be caught holding too many FRNs or very much FRN-denominated loan paper when that happens. Diversify, in anticipation. Panic early, and beat the rush.
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Big Rate Hike by the Czech National Bank.
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Robert Kiyosaki: ‘The biggest crash in world history’ hits this October.
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An interview with Travis Bajema: Global Digital Currencies are Coming, Warns Expert.
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Jameson Lopp: Congressional Bitcoin Believers.
Tangibles Investing:
Used-car prices are surging — again — and it’s probably going to get worse.
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10 Classic Muscle Cars That Lost Value In 2021.
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They’re voting with their feet: Springfield, Massachusetts-based gun manufacturer Smith & Wesson to relocate headquarters to Tennessee.
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Video from C&Rsenal: Small Arms of WWI Primer 144: Spanish Mauser Carbines. By coincidence, we just received one of these scarce carbines, at Elk Creek Company, but I have not yet cataloged it.
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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!