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. And it bears mention that 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 USD to Euro Ratio. (See the Forex & Cryptos section.)
Public and Private Debt:
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And all-time high: Average Credit Card Debt in the U.S. in 2018. JWR’s Comments: When interest rates inevitably rise, installment debt will come back to haunt many Americans. And anyone who has a copious credit card debt who becomes unemployed will be devastated. Get out of debt, folks!
Stocks & Global Economy:
After four days of rallying, there was another bear day on Wall Street on Friday (November 9, 2018) –down .77% in one day. JWR’s Comments: Combined with other recent losses, that brought the Dow Jones Index down to the point that ALL of the market gains for 2018 have been wiped out. I hope that my readers had stop loss orders in place! Don’t try to “buy on the dip” on this one, folks. There is a strong smell of bear in the air.
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The price of some varieties of crude oil have slipped below the $60 threshold. At this price level most of the Light Tight Oil (LTO) produced in the Bakken fields is just barely profitable. Just consider this a fortuitous dip for consumers, and time for more belt-tightening for producers. Fear not, producers. The oil price pendulum never seems to stop. There are just too many variables in too many nations (and cartels) in play. As survivalists, our best protection against these price gyrations is to have rural retreats with underground fuel tanks. Then we can truly buy on the price dips and chuckle at the peaks. Fuel in the tank is like money in the bank–and sometimes better!
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Forex & Cryptos (USD to Euro Ratio):
The USD to Euro (EUR)Ratio has seen a change in the past month. President Donald Trump’s goal of a Weak Dollar seems elusive. Some analysts are predicting dollar to Euro parity by the end of 2022. And with Brexit still unfolding, who knows? Will we approach the point of Dollar to British Pound (GBP) parity?
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Anyone who is serious about hedging into tangibles should refer to these three pieces from the SurvivalBlog archives:
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SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often get the scoop on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!