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, more news on the Evergrande default. (See the Economy, Finance, & Taxes section.)
Precious Metals:
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U.S. Treasury Refuses to Answer Questions about Disposition of Its Own Gold. (Thanks to Randy for the link.)
Economy, Finance, & Taxes:
Elsewhere, we read: Evergrande Has Finally Defaulted: Here’s What Happens Next.
JWR’s Comment: Despite the claimed re-structuring, I expect to see lots of “Asian Contagion” headlines in the coming days and weeks.
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Fitch: Normalization Expected for U.S. Banks in 2022.
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Over at WND: Americans respond to states with high taxes – by leaving!
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Still no personal income payroll tax, but… Washington Enacts New Capital Gains Tax for 2022 and Beyond.
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Commodities:
USDA tweaks 2022 wheat carryover forecast.
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OilPrice News reports: How OPEC+ Regained Control Of Oil Markets.
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U.N. body says global trade growth outlook for 2022 very uncertain.
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Canadians can expect to pay more for food in 2022: Report.
Inflation Watch:
Don’t miss reading this piece about how the Bidenistas now plan to craftily change the weighting of the CPI, in January: And Just Like That, Inflation Is About To Disappear?
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Tucker: This is impossible to ignore.
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Food, gas prices pinch families as inflation surges globally.
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U.S. Inflation Pressures Grow Further in Dallas Fed Survey.
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Video: Why I don’t trust the US Dollar – Robert Kiyosaki Updates.
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At Zero Hedge: “Team Transitory” Is Dead After Powell Says “Time To Retire Word Transitory Regarding Inflation”.
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Forex & Cryptos:
ING: 2022 Forex Outlook: Our Full Forecasts.
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‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis.
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Visa Creates Service To Advise Financial Institutions On Cryptocurrencies.
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US firm WisdomTree lists crypto ETP on Euronext.
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Three Incredibly Important Cryptocurrency Predictions For 2022.
Tangibles Investing:
House prices in Canada will rise higher in 2022, real-estate report says.
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The car market keeps getting worse for buyers. Things may not get better until 2023, analysts say.
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Palmetto State Armory (one of our affiliate advertisers) is continuing their AR-15 Days of Christmas Sale. I couldn’t pass up these: Toolcraft Logo’d Carpenter 158 Nitride Full-Auto Bolt Carrier Groups. I bought two of these to keep as spares in my AR parts tacklebox. Sale priced at just $69.99 each, they are a bargain. At the Palmetto site, you can find these by pasting item number 51655115274 in their search box.
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!