Economics & Investing For Preppers

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 collapsing stock share prices. (See the Economy & Finance section.)

Precious Metals:

Why selloff in gold is not over: $1,600 danger zone for gold price.

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Even a Weaponized Dollar Won’t Stop Gold’s Historical Turning Point.

Economy & Finance:

CNBC: Dow drops nearly 500 points to close at new low for 2022 on rising recession fears.

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FEE: How the Government is Causing a Credit Card Debt Crisis.

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At Wolf Street: The Bear-Market Rally in Stocks, Bonds, Mortgages Wiped Out: Why This Nails the Parallel to the Dotcom Bust. Here is a pericope:

“The Dow Jones Industrial Average on Friday closed about 300 points below its June 16 low, thereby having more than wiped out the bear-market rally gains. For the Dow, the bear-market rally started on June 17 and ended on August 16. During the two-month rally, the Dow had jumped 14%. By Friday at the close, it was again down 20% from its all-time high.

The S&P 500 Index, on Friday intraday, fell through its closing low of June 16 – the infamous 3,666 – and then bounced a little to close 27 points above the June 16 low, at 3,693. During the two-month bear-market rally through August 16, the index had surged 17%. By Friday, the index was down 23% from its all-time high.

The Nasdaq closed about 2% above its June low. During the two-month rally, it had soared by 23%. Many of my Imploded Stocks that are now trading for a few bucks, had shot up by 50% or more, and a bunch of them doubled, before re-imploding after mid-August.”


Trends In Commodities: Fear Of A Recession.

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OilPrice News: Oil Falls Below $80 As Powell Warns A Recession May Be Looming.

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ADMIS: Commodities Overview Sept 2022 Edition.

Inflation Watch:

Fed Interest Rates Hike Spur Crypto Market Liquidations Of More Than $330 Million.

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Fed-funds rate could end up as high as 5%, says overseer of $1.3 trillion in assets.

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CNBC: The 10 cities with the highest inflation rates in the U.S.

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Saturday Night Live Mocked Inflation Spin Narratives in 1978.

Forex & Cryptos:

Over at the Currency Thoughts blog: Investors Selling Just About Everything for Dollars. Here is a quote:

“One trigger for the market chaos has been preliminary purchasing manager September survey findings that by and large depict a reintensification of inflationary pressure and a deepening economic slowdown as the third quarter drew to a close. Another fresh concern arose from the tax cut plans of British Prime Minister Truss, which investors worry will cause exploding fiscal debt, and yet another worry is that the expected far-right election victory in this Sunday’s Italian election may lead to greater intra-EU strains at a time that demands solidarity to face up to Russia’s economic and military threats.

Euroland’s composite purchasing managers index sank to a 20-month low in September of 48.2. Manufacturing printed at a 27-month low of 48.5, while the services PMI dropped to a 19-month low of 48.9.”

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Bank of England Policymakers Disagree Over Future Inflation and How Much to Tighten.

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Colorado Becomes First State To Accept Bitcoin As Payment For Taxes.

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Ripple Outperforming Almost The Whole Market, What’s Pumping XRP Price?

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Biden’s anemic crypto framework offered us nothing new.

Tangibles Investing:

$12.6 million! Sale Of Mickey Mantle Card Breaks All Records For Sports Memorabilia.

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Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, already at Lockdown Levels, Drop Further. Active Listings Rise Further.


SurvivalBlog and its Editors are not paid investing 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!