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 some stock market risks. (See the Equities section.)
Precious Metals:
Gold to test $1,950 as bullish sentiment drives prices [2].
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Alasdair Macleod: The Commodity Currency Revolution [3].
Economy & Finance:
“Sounding The Alarm”: A $3 Trillion Problem Emerges As The Fed Prepares To Launch QT [4].
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Another perspective on the QT dilemma: The Fed has more money on its balance sheet (8.9 trillion) then the total value of all 401ks in the United States (7.3 trillion as of 9/21) [5].
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The Daily Wire reports: ‘Unhinged’ And ‘Abnormal’: Fed Warns Of Housing Bubble As Average Cost Of New Homes Hits Record High [6]. Here’s the intro:
“New data from the Census Department released last week reveal that the average cost of a new home hit a record high in February at $511,000. Now, the Federal Reserve is warning about a housing bubble.”
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At Zero Hedge: FOMC Minutes Signal Bigger, Faster-Than-Expected QT, Multiple 50bps Hikes [7]. JWR’s Comment: It looks like the Fed’s leadership is fast-tracking a recession.
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California city to give universal income to transgender, nonbinary residents regardless of earnin [8]gs. JWR’s Comment: I had to do a double-take, thinking that this was coming from a parody site, like The Babylon Bee. No, it is a genuine news article. This is virtue signaling run amok.
Commodities:
JPMorgan says be ready for 40% commodities rally in market shift [9].
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H.L. suggested this piece at OilPrice News: Don’t Blame Big Oil For High Gasoline Prices [10].
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US Jet-Fuel Inventories Sink To 17 Year Low As Soaring Costs May Spark Ticket Inflation [11].
Equities:
Morgan Stanley: Into Every Uptick, Institutional Selling Has Been Relentless [12].
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Inverted yield curve poses ‘new risk’ for small-cap stocks, warns BofA [13].
Inflation Watch:
Breibart: Bidenflation: Prices Are Rising Even Faster Than We Thought [14].
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Feds: Retail Food Prices To Increase By An Additional 5% [15].
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Bidenflation: Services Sector Prices Soar at ‘Unprecedented’ Rate [16].
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Peter Schiff: Your Rising Wages May Make You Feel Better — Until You Try to Buy Stuff [17].
Forex & Cryptos:
By way of Your Daily G2, there is this from Brandon Smith: The Media Is Ignoring These Two Events Which Could Cause Economic Collapse [18].
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“Rubble” Surges To 2-Month Highs Against Dollar As Russia Works To Reduce FX Volatility [19]
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At the Currency Thoughts blog: Another Peruvian Interest Rate Hike [20].
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Bitcoin Collapses 7% As FED Gets Hawkish, Why This Could Be A Buy The Dip Opportunity [21].
Tangibles Investing:
Canada to Ban Foreigners From Buying Homes as Prices Soar [22].
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Illinois gun advocates note dip in sales is normal [23].
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Speaking of guns, I just noticed that Palmetto State Armory [24] (one of our affiliate advertisers) is running a package deal on a PSA Forged MIL-SPEC AR Charging Handle with a Toolcraft AR 5.56 Nickel Boron Bolt Carrier Group and 10 Magpul PMAG 30-round Gen2 MOE 5.56 AR Magazines, all for $199.99. To find this deal, just type “KIT-0427” in their search box. Those Toolcraft Nickel Boron Bolt Carrier Groups are great for AR builds or for upgrading your AR, leaving you with a complete spare BCG. (Remember: “Two is one…”)
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [25] 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 [26].) 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!