Here is the latest economics news and investing news. We cover market trends, stocks, and the precious metals markets. We also discuss hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the oft-interviewed hard money advocate Peter Schiff.
Precious Metals (Peter Schiff):
First up, there is this video: Peter Schiff on Gold, Trump, QE, & Potential Recession. Schiff predicts that the Fed will be forced to revert to ZIRP. (Zero Interest Rate Policy.) He also says that QE4 is on the horizon.
o o o
I’ve found that the timeframe adjustable charts at Bullionvault.com are quite useful.
Commodities:
Next, this headline over at OilPrice.com: Bank Of America: Expect $30 Oil
o o o
Fastmarkets.com has updated their base metals market outlook.
Bitcoin:
On to the latest at Zero Hedge: Bitcoin Surges Back Above $2700 As India “Legalizes” Cryptocurrency
Global Stocks:
Moving on to stocks, we read: Schwab Market Perspective: Goldilocks…or the Three Bears?
o o o
European stock markets stumble as oil languishes near lows
Economy and Finance:
Next, there is this: Welcome To The Third World, Part 23: Illinois Death Watch
o o o
And over at NBC: Four Reasons Why Puerto Rico’s ‘Bankruptcy’ Process Matters to U.S. Residents
Derivatives
At the Banque de France Financial Stability Review: Ten years on: fixing the fault lines of the global financial crisis
o o o
And here is the latest credit derivatives market data from The Wall Street Journal.
Tangibles Investing:
Finally, here is follow-up. We mentioned Mark Podolsky’s podcast interview. His advice on short term raw land investing is of interest. See his Land Geek web site for details.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So 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 of via our Contact form.) These are often from folks who particularly watch individual markets. And we benefit from fresh “on target” investing news. As a result, SurvivalBlog often “gets the scoop” on economic and investing news. These items are often ignored by mainstream American news outlets. Thanks!
I checked out Mark Podolsky’s Land Geek web site. It looks like a sales site. You have to give them your e-mail to get any information. They do have podcasts available at the bottom of the page which, based on the descriptions are about network marketing or “passive income.” Looks like his passive income is selling his “knowledge” to others. This may be a valid site, but I would be very careful.
More of a scam than a sales site.
Great rebuttal on bigger pockets dot com to his claims.
https://www.biggerpockets.com/forums/79/topics/204563-calling-out-mark-podolsky-from-the-land-geek
Flipping land is a VERY risky endeavor. There are no tax benefits to owning raw land, land prices fluctuate much more than developed property, and it really should be invested in only as a long term investment.