Category: Economics & Investing

Philadelphia Soda Tax Forces Local University To Hike Student Costs By $400,000 – Reader H.L. HJL’s Comment: Typical of liberal progressives, Philadelphia can’t face the fact that their actions have consequences. More collectivism at work. o o o These US States Entered A Recession In 2016 – Notice that the economies of nearly all of the states presently in recession depend heavily on oil production. Oil makes the world go round, or at least lubricates it. o o o Management doesn’t escape the axe: Remington Laysoff Senior Directors And Management – Link sent in by DSV o o o Wall …

Wall Street Bullish On Oil Prices Despite Saudi Warnings JWR’s Comment: This might be a good time to top off your stored gas, diesel, and home heating oil tanks! o o o Physical precious metals demand is down, in part because of complacency caused by Donald Trump’s election. Another factor is the anticipation of interest rate hikes by the Federal Reserve banking cartel. (This has direct correlation to the futures and spot markets.) My advice: Hold for the long term and continue to buy on the dips. Do not be complacent! The Fed could pull the rug out from under …

In recognition of the Government’s debasement of the U.S. doller, some states are begining to realize that precious metals are not investments, but act as real money: IT BEGINS…. Idaho & Arizona Pass Bills To Remove “Capital Gains Taxes” On Gold & Silver (SRSrocco Report) o o o Reader H.L. sent in the link to this map that renames American States with the name of the country most closely matching their GDPs. It’s interesting to realize that the U.S. economy is so large that individual states have GDPs larger than many countries. o o o Collapsing pensions will fuel America’s …

Another casualty of online shopping: Gander Mountain Files Chapter 11 Bankruptcy & Will CLOSE 32 Stores (The Firearm Blog) – T.P. o o o What do these CEOs know that we don’t? (Sovereignman) Excerpt: “My friend’s grandfather once told him that, just prior to the Nazi invasion, the schools in Poland announced they were suspending classes… but only for two weeks, because that’s how long they expected the war to last.” HJL’s Comment: Or in the words of Admiral David Glasgow Farragut (1801-1870) “Damn the torpedoes, full speed ahead!” o o o Gold’s Next Leg Down Targets $1156 (Gold Eagle) …

Gold Holds Small Gain After U.S. PPI Up 0.3% During February o o o How Will Gold React To The Next Rate Hike? o o o Fed minutes set stage for rising interest rates in 2017 o o o What’s next with America’s enormous $20T debt? o o o Waning Sales Force Layoffs By Gun Maker in New York – DSV o o o How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash – B.B. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please …

Some news from Tyler Durden, over at Zero Hedge: As Millions Of Venezuelans Try To Flee The Country They Run Into A Problem. Here is a quote: “…the nation now lacks the materials to meet the soaring demand for new passports – making it almost impossible to leave the socialist utopia.” o o o The US government now has less cash than Google. (Sovereign man) Excerpt: “In fact the government has been extremely careful to keep the debt below $20 trillion in anticipation of another debt ceiling fiasco. One way they’ve done that is by burning through cash.” o o …

When This All Blows Up… (Peak Prosperity) Understanding the how and when of the next economic crash. Sent in by B.B. o o o More money for homeless? Seattle consultants said no last Fall. “But she said the true political challenge remains: how to shift money away from some groups that have been getting it for decades. Of 205 shelters and low-income housing projects reviewed countywide by Focus Strategies, 51 were judged to be ‘low-performing’ for return on taxpayer dollar. To get better results, politicians may have to lop off some social-service providers, who have huge hearts but aren’t cutting …

SurvivalBlog reader R.V. wrote in: We are officially in a real estate bubble. I went to buy a larger junction box at the electrical supply. Both guys at the counter were talking about what they had made in real estate, and they were both working on getting their real estate agent’s licenses. Hold on to your socks! o o o Could Gold Prices Reach $1,000 Before Summer? o o o Items from Mr. Econocobas: Peak Prosperity: The Coming Great Wealth Transfer Amazing: US Debt Decreased by More Than $60 Billion Since Trump Inauguration– I seriously doubt this trend will last, …

U.S. Shale Kills Off The Oil Price Rally. Oil prices plunged below $50 on Thursday as speculators have started to sell en masse, triggered by record U.S. inventories and quickly rising U.S. shale production. o o o The War on Cash Finds Its General. A review of “The Curse of Cash”, by Kenneth S. Rogoff o o o A breakdown of U.S. debt: It Took $4 In New Debt To Create $1 In GDP – G.G. o o o GDPNow 1st Quarter Estimate Dips to 1.2%, FRBNY Nowcast 3.1%: One Model is Seriously Wrong o o o SurvivalBlog and its …

How the Market Creates Jobs and How the Government Destroys Them – H.L. o o o Your Welfare Dollars Feed State Budgets, Not Needy Families – C.F. o o o No Surprise In Recent Moves In Gold And Silver Prices o o o Top 10 Largest Occupations in the United States Dominated by Jobs that pay $20k to $30k a Year. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Time To Give The Metals A Break o o o Colt Lays Off Custom Shop Director, Other Employees, Company Rumored Gutted – DSV o o o Gold Investing 101 – Beware eBay, Collectibles and “Pure” Gold Coins that are Gold Plated – S.C. o o o Cost of Illegal Immigration Higher than Cost of Securing Borders – G.L. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Here’s an example of a bank you want to avoid o o o Why It Isn’t Game Over For Canada’s Oil Sands. Many declared the oil sands dead after some oil majors withdrew and debooked reserves, but while they may be down, they are definitely not out. o o o Half US can’t write check for 500 HJL’s Comment: Perhaps one of the reasons that they can’t write a check for $500 is precisely because they are constantly buying the newest phone, or 100” flat screen TV, or eating out too much…and so on. It seems that we have forgotten …

China Vows To Refrain From “Mega Economic Stimulus” As ‘Two Sessions’ Begins – H.L. o o o Boomer Parents and their Millennial Kids: Study Regarding Care and Finances o o o 6 Steps Toward a More Sane Economic Policy o o o Gold Drops On Stronger Dollar And Higher Equity Prices o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.