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 again look at Dollar-Euro parity. (See the Forex & Cryptos section.)
Precious Metals:
Alasdair Macleod: Gold and the Upcoming Recession.
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Gold could see a relief rally if Fed raises rates by 75 basis points – Standard Chartered.
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Zimbabwe goes for the gold — coin, that is — to fight high inflation.
Economy & Finance:
Federal Reserve announces a 75 basis point jump in the benchmark overnight rate. This is their fourth rate increase since March. This probably won’t be enough to slow down the rate of inflation, but it will be enough to torpedo the real estate market and trigger a deep and possibly lengthy recession.
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At QTR: Delusional White House Economists Argue Two Quarters Of Negative GDP Doesn’t Mean Recession Anymore.
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H.L. flagged this, from the Twitter-sphere: Dollar-denominated debt crisis in Developing Nations?
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Catherine Austin Fitts’ “Financial Rebellion”: Where To Stash Your Cash In 2022. (Video)
Commodities:
H.L. sent us this: Putin Turns The Screws: Gazprom Unexpectedly Halts Another Nord Stream Turbine Cutting Flows In Half; European Gas Prices Soars.
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OilPrice News reports: American Refiners’ Record Profits Won’t Last.
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The Daily Wire reports: California Targets Private Property With Latest Water Well Fees, Charges: Report.
Inflation Watch:
At WND: Egg prices sky-high as breakfast inflation pressures American households.
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Panama’s Inflation Upheaval Causing Food, Fuel Shortages.
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Average American worker has lost $3,400 in annual wages under Biden thanks to inflation.
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Food prices are at all-time highs, the next crisis will be ‘manufactured’ – Joel Salatin.
Forex & Cryptos:
The Dollar and Euro are still near parity. But with the EU’s multiple coincident crises, this is not a time to load up on Euros unless you have plans for some travel there soon.
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At Currency Thoughts: Last Week of July Starts with Equities and Bond Yields Rising and Dollar and Bitcoin Falling.
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Venezuela’s Inflation Rate is still in triple digits, but may soon be controlled.
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More Than 57,000 Traders Liquidated As Bitcoin Declines Below $22,000.
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Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection.
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Tangibles Investing:
Oregonians will get to vote in November on measure bolstering gun safety, banning high-capacity magazines. JWR’s Comments: Like Washington’s recently-enacted law, this one would have a grandfather clause. Regardless, stock up!
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Used cars costing consumers $10,000 more than ‘normal’ as inflation rages.
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!