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 Senior Editor, JWR. Today, we examine some planned cryptocurrency regulations. (See the Forex & Cryptos section.)
Precious Metals:
Keith Weiner: The Current Yield Curve Inversion, Explained.
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Kelsey Williams: Gold, Inflation, and The Federal Reserve.
Economy & Finance:
How high will interest rates rise in 2023? Economists, markets are skeptical of Fed hike plan.
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Joe Biden and the Fed Have Completely Ruined the U.S. Economy.
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Harvard Business Review: What Will the Global Economy Look Like in 2023? Here is a quote from Mihir Desai:
“The pessimistic case is persistent inflation above 5% throughout 2023 because of a wage-price spiral that means that rates have to stay high much longer. Equity markets have been undergoing a valuation reset — in the pessimistic scenario, stocks continue to fall because the prospect of declining corporate earnings and persistently higher rates still hasn’t been fully internalized in prices.”
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At Zero Hedge: Here’s What’s In The ‘Ugliest’ Omnibus Bill Ever.
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Biden’s moronic 2023 budget: More, more, more.
Commodities:
Goldman Sachs: 2023 Commodity Outlook An underinvested supercycle.
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2023 metal fabrication forecast: Reshoring gets real for manufacturers.
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An Ontario-based analyst posted this on crop prices: Market Trends Report – December 2022 & January 2023.
Derivatives:
Towards Transparency – IQ December 2022.
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Updated OTC Derivatives Compliance Calendar.
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EU Starts Crackdown on Commodity Firms Using Derivatives Markets.
Forex & Cryptos:
BIS: The global foreign exchange market in a higher-volatility environment.
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Giant Bitcoin Miner Core Scientific Files For Bankruptcy.
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Cryptos: A Snapshot of the 2023 Regulatory Landscape. Here is a quote:
“Regulators and lawmakers are now picking up the pieces and investigating why the companies collapsed. The U.S. House Financial Services Committee is holding a hearing on FTX this week, and investigations will likely carry into the new year. After FTX went bust, FINRA started collecting information about crypto marketing practices – which could result in new policy. CoinDesk’s Nik De said that “lawmakers are paying attention,” and that this is the kind of case that investigators are interested in prosecuting. This could continue the drive of “regulation through litigation” that has dominated crypto for years.”
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From Germany: PwC Global Crypto Regulation Report 2023.
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2023: Key Year for Global Crypto Regulation?
Tangibles Investing:
Revolver owned by Teddy Roosevelt sells for nearly $1 million.
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Bankrate: Existing home sales fall again in November.
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. Thanks!