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 results of the recent Federal Reserve Open Market Committee (FOMC) emergency meeting. (See the Economy & Finance section.)
Precious Metals:
Gold touches $1,900 for the first time since June on flare up in Russia-Ukraine tensions [2].
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Gold Is The Geopolitical Hedge Of First Resort, Goldman Sees $2150 Within 12 Months [3].
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Economy & Finance:
Unwinding a $9 Trillion balance sheet: Fed minutes show central bank ready to raise rates, shrink balance sheet soon [5].
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At MSN Money: Two reasons Americans just dove into credit card debt faster than they have in 22 years [6].
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From the FOMC minutes: The Fed is allowing banks to perform overnight lending on securities [7].
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Gold up, and stocks down: Dow drops more than 600 points in worst decline of 2022 as Russia-Ukraine tensions worry investors [9].
Commodities:
$100 Oil Threatens to Compound World Economy’s Inflation Shock [10].
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Here comes $7 gas prices, warns oil strategist in dire outlook [11].
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Over at OilPrice News: Why Isn’t U.S. Shale Production Soaring? [12]
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Commodity prices to surge even higher should Russia invade Ukraine – TDS [13].
Inflation Watch:
Kellogg may raise prices again in 2022 as it sees ‘double-digit cost inflation,’ says CEO [14].
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Americans keep feeling worse about this high-inflation economy [15].
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From Romania: NBR sees inflation into double digits, increases interest rates. [16]
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At Wolf Street: When Will the Brutal Spike in Rents Drive Up CPI Inflation? How Much Will it Add to CPI? [17]
Cryptos & Derivatives:
Majority Of Crypto Holders Will Hold Through An 80% Crash, New Survey Shows [18].
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Head of U.S. Derivatives Regulator Urges Key Crypto Role for Agency [19].
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Hedgeweek: Institutionalising Digital Assets: Powering the hedge fund crypto surge [20].
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Canada freezes at least 34 crypto wallets funding ‘Freedom Convoy’ [21].
Tangibles Investing:
Car dealers are raising prices. Automakers are pushing back. Consumers are stuck in between [22].
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Palmetto State Armory [23] (one of our affiliate advertisers)
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [24] 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 [25].) 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!