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 rapidly-inflating currencies. (See the Forex & Cryptos section.)
Precious Metals:
A fascinating video: Rafi Farber: Here’s What Happens to Silver When Russia Moves to a Gold Ruble [2].
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Inverted yield curve, recession, and what it means for gold and silver [3].
Economy & Finance:
WSJ: New Vehicles Must Get 49 Miles a Gallon by 2026, Biden Administration Says [4].
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At Wolf Street: Mortgage Rates Breach 5%, Two-Year & 10-Year Treasury Yields Spike after Fed Dove Brainard Explains How Inflation is Much Worse for Lower Income Households than CPI Shows [5].
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It’s Official: Deutsche Is The First Bank To Forecast A US Recession In Late 2023 [6].
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Also at Zero Hedge: White House Plans To Extend Student Loan Moratorium (Again) As Midterms Loom [7].
Commodities:
Natgas Soars As “Big Shot Of Cold Air” Expected By Weekend [8].
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News from Kenya: Here Is A List Of Commodities Whose Prices Have Increased [9].
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OilPrice News reports: EU Considers Full Ban On Russian Coal Imports [10].
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Is 2022 commodity crisis bigger than oil crisis of the 1970s? [11]
Inflation Watch:
At Wolf Street:
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A key inflation gauge sets 40-year high as gas and food soar [12].
Forex & Cryptos:
Wolf Richter: Update on US Dollar as Global Reserve Currency and the Impact of USD Exchange Rates & Inflation [13].
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Turkey’s inflation set to hit new 20-year high, adding to lira’s weakness [14].
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Inflation in Venezuela in March wiped out any dollar or bitcoin reserve plan [15].
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Zimbabwe: Inflation far from rescinding [16]. A quote:
“The latest statistics released by ZimStat indicate; Year-on-Year inflation for March came in at 72,7% from 66,1% and 60,61% in February and January of 2022 respectively, having closed the year at 60,74% in December 2021.
The month-on-month inflation for the month came in at 6,3%, shaving 0,7% from February’s 7% outturn. Both numbers are higher than January’s 5,3% performance.”
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Analysis: Russia’s rouble rebound is not as real as it seems [17].
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Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next? [18]
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Survey: More than a quarter of U.S. millennials plan to use crypto to fund retirement [19].
Tangibles Investing:
2022 Best Resale Value Awards: Top Cars, Trucks, and SUVs [20].
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Survival Life Podcast: Tangible Investments for Preppers [21]. Note: The tangibles portion of the podcast discussion starts at the 12:20 mark.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [22] 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 [23].) 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!