Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. Most of these items are from JWR’s “tangibles heavy” contrarian perspective. Today, some coverage of the turn in the real estate market. (See the Tangibles Investing section.)
Precious Metals:
Egon von Greyerz, over at Gold-Eagle.com: Gold’s Key Indicator.
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Gold Stocks Still Undervalued.
Economy & Finance:
From CNBC: Mortgage demand drops again as rates cross back over 7%.
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In the Market: Why US Regional Banks Are Doomed to a Doom Loop. JWR’s Comments: This article fails to point to the real culprits at the Federal Reserve and their co-conspirators at the U.S. Treasury Department. Together, their disastrous interest rate policy is destroying regional banks, one after another.
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Sheila sent us this: Withdrawing Your Own Cash? NatWest Bank Wants To Know Why… And See Proof.
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Linked over at the Whatfinger.com news aggregation site: Brat: Democrats Current Debt Projectory Would Make Interest Payments “3x Current Defense Budget”.
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At Wolf Street: Delinquencies in Subprime Auto-Loan-Backed Securities Have Second-Worst April Ever, Behind only Lockdown April: The Cost of Free Money.
Commodities:
Corn extends win streak to three sessions.
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How Long Does a Tesla Battery Last Before It Must Be Replaced?
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From OilPrice News: Oil Price Bearishness Hits Pandemic Levels.
Derivatives:
Credit Suisse Bond Wipe-Out Will Not Trigger Credit Insurance Payout.
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Chicago Fed: What Does the CDS Market Imply for a U.S. Default?
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What happens if the U.S. defaults? How the debt ceiling could impact your money.
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CMBS: Seeking Calmer Waters in Quality.
Forex & Cryptos:
Reported on May 22nd: Dollar Higher as U.S. Debt Ceiling Concerns Keep Traders Nervous.
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EUR/USD Forecast May 25, 2023.
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At Currency Thoughts: German Recession Confirmed and Interest Rate Decisions in South Korea, Turkey and Indonesia.
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In the US, targeted crypto legislation ‘could start the ball rolling’.
Tangibles Investing:
Forbes: Housing Market Predictions For 2023: When Will Home Prices Be Affordable Again?
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Real Estate Housing Market 2023. (Ramsey.) JWR’s Comments: Rising mortgage costs dictate that big price corrections in residential real estate are coming soon. A huge chunk of home buyers no longer qualify for loans. If you are a first-time would-be buyer, then wait. Time is on your side. But if you currently own a house and are looking to move out of a city or suburb, then you still have the advantage of over-inflated house prices, for now. But if you wait too long, then you’ll see your “on paper” profit disappear. So sell, soon!
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!