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 investing in farmland. (See the Tangibles Investing section.)
Precious Metals:
Chair Powell Re-nominated, gold takes a dive.
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Video: Gold’s advantage over bitcoin.
Economy & Finance:
SurvivalBlog reader H.L. sent this news item: Nebraska’s 1.9% unemployment rate the lowest on record in US. JWR’s Comment: This is what “full employment” truly looks like!
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China’s property market debt could weigh on the country for years, economist George Magnus warns.
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Pritzker Administration sloughs off Illinois pension liabilities passing $500 billion mark, dissembles on pension crisis again – Wirepoints. JWR’s Comment: Just wait until the bloated Blue States reach a fiscal crisis point, and demand a Federal bailout!
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At Wolf Street: Home Sales Down 5.8% from Year Ago, amid Tight Inventory, “Increasing Affordability Challenges,” and Rising Mortgage Rates. JWR Asks: Is this the death knell of the housing boom?
Commodities:
A Quick Note on Biden’s Strategic Petroleum Reserve Release…
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Andre sent us this: Not Enough Energy To Keep 8 Billion People Warm On A Cooling Planet.
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Americans Panic-Buy Firewood And Stoves Amid Energy Crisis. (A hat tip to H.L. for the link.)
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Ford enters partnership to develop computer chips.
Inflation Watch:
Biden’s approval ratings continue to plunge amid crisis over inflation.
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Prices are skyrocketing. Goldman Sachs says prices will go even higher.
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High airfares will pummel holiday travelers as cost of jet fuel hits 7-year high.
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Fed’s Kashkari expects higher inflation continuing over next few months.
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Christmas stretch: UK inflation highest in nearly a decade.
Forex & Cryptos:
Dollar Volatility and Inflation
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Erdogan’s Rate Cut Mantra Spurs Lira’s Worst Streak in 20 Years.
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At Zero Hedge: Why Bitcoin Is The Best Weapon Society Has Against Inflation And Wealth Inequality.
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Hillary Clinton Warns Crypto Can ‘Destabilize Nations’ And ‘Undermine Dollar As Reserve Currency’. JWR’s Comment: Statists like Hitlery Clinton have declared war on private crypto coins and crypto exchange companies. Meanwhile, they want to see sovereign cryptos (national, with fully-tracked transactions) issued as soon as possible.
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Brace For More Downtrend: 15% Of Bitcoin Supply Is Now In Loss.
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Looking beyond Bitcoin and Ethereum — Here’s a list of top 15 altcoins you should keep an eye on.
Tangibles Investing:
Farmland investment supports growth and profit opportunities.
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Palmetto State Armory (one of our affiliate advertisers) Is continuing their Black Friday specials. Take a look at their deep discounts on bolt carrier groups (as low as $69), PMAGs (with coupon code “PMAG”), complete AR lower with stocks for as low as $149, and complete AR uppers. They are also offering free shipping on many of their AR lowers.
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!