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 an upcoming turn in the real estate market, with rising interest rates. (See the Tangibles Investing section.)
Precious Metals:
The latest from Radomski: Gold Forecast: Bad News For The Euro Bulls. The USDX Is Still Strong.
o o o
Video: The Crackup Boom And Everything Bubble – Lawrence Lepard.
o o o
New Private Currency Uses Bills Filled With Real Gold.
Economy & Finance:
James Rickards: U.S. Attains Frightening Milestone.
o o o
Goodbye Easy Money as Hawkish Central Banks Speed Up Rate Hikes.
o o o
Last week’s market swing: Futures Swing As Treasury Yields Near 2%, China Plunge-Protectors Activated.
Commodities & Supply Chain:
Ford to Suspend or Cut Output at 8 of Its Factories Due to Chip Shortage.
o o o
OilPrice News reports: Oil Moves Higher As EIA Confirms Inventory Draws Across The Board.
o o o
At Zero Hedge: WTI Surges Back Above $90 After Across-The-Board Inventory Draw, Gasoline Demand Rebound.
o o o
CBS: Gas prices reach record highs in Orange and Los Angeles counties.
o o o
Over at American Thinker: The 2022 Outlook for the U.S. Oil Industry.
o o o
World’s Top Shipping Exec Says Worst Supply-Chain Snarls Have Peaked.
o o o
At Wolf Street: “The System Is Broken”: Boots-on-the-Ground View by a US Manufacturer on the Supply Chain Chaos.
Inflation Watch:
o o o
Goss: Economy slowing, inflation is not.
o o o
Inflation is driving every restaurant ‘absolutely crazy’ and is ‘insane,’ ex-McDonald’s CEO says.
o o o
Summers says pandemic only partly to blame for record inflation.
o o o
RT: US producers reveal what will happen to prices in 2022.
Forex & Cryptos:
Dollar gains traction on rising US T-bond yields.
o o o
Larry Greenberg at Currency Thoughts: Lessening Risk Aversion.
o o o
If You Invested $100 in Shiba Inu 1 Year Ago, Here’s How Much You’d Have Now.
o o o
Stablecoins Total Market Cap Breaches $179 Billion Mark – Can It Go Higher?
Tangibles Investing:
30-year mortgage rates in the US just hit 3.85%. JWR’s Comment: If rates go another 50 basis points higher, then we’ll probably see the top come off the market and perhaps a truly “dead” summer buying season. Sooooo… If you have any “extra” houses, then sell them now. (Read my lips: This is the top — not adjusted for inflation.)
o o o
Used Car Prices Arrive At Yet Another Major Inflection Point.
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!