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 Founder and Senior Editor, JWR. Today, we further examine price inflation.
Precious Metals:
Mike Gleason: Wall Street Roiled By Hot Inflation Data: Is This REALLY “Transitory”?
o o o
Peter Krauth: Silver to $300
Economy & Finance:
Inflation Nation: Consumer Prices Jump 4.2 Percent
o o o
At Zero Hedge: US Core Consumer Prices Explode Higher At Fastest Pace Since 1981
o o o
Charles Hugh Smith: Hey Fed, Explain Again How Making Billionaires Richer Creates Jobs
o o o
At Wolf Street: State of the American Debt Slaves: Fed “Confounded” as They Pay Down Credit Cards, Other High-Interest Debt, and HELOCs.
Commodities:
H.L. sent us this, from CBS News: Gas shortages worsen as fuel prices spike after Colonial Pipeline ransomware attack.
o o o
Copper to surge at least seven-fold before this bull market is over – Goehring & Rozencwajg
o o o
Reader A.K. mentioned the latest video from Ice Age Farmer: BRACE FOR IMPACT: “About to get much worse.” Note: He discusses the drought and crop loss estimates starting at around the 13-minute mark. And he discusses drought in the corn-producing states, at the 20-minute mark. He even mentions my “List of Lists” at just past the 43-minute mark. Here is a quote: “We are staring down the barrel of a confluence of several scenarios–each of which individually is a significant, life-changing event–but which are together conspiring is a dangerous and incendiary situation: food shortages, inflation, and a breakdown of the supply chain. A new media narrative today acknowledges food shortages, and blames animal agriculture, indicating we are reaching an inflection point in the collapse. Expect things to accelerate from here.”
Equities:
Tyler Durden: Stocks Puke As Soaring Inflation Sparks Hawkish Moves In Money Markets
o o o
The stock market will face a ‘day of reckoning’ this year when an inevitable inflation spike forces the Fed’s hand, says Wharton professor Jeremy Siegel. (Thanks to Shamus for the link.)
Forex & Cryptos:
GBPEUR Exchange Rate: Week in Review May 15th.
o o o
US Dollar To Fall To All-Time Lows By Mid-2020s
o o o
China’s digital currency could bring surveillance state to wallets at expense of US dollar.
o o o
Ethereum Reaches Record High $500 Billion Market Cap, Now Bigger Than JPMorgan
Tangibles Investing:
DOJ Releases Proposed Rule to Regulate Ghost Guns; Would Require Background Checks, Serial Numbers Before Selling Gun Kits. JWR Says: To voice your opposition, post your comments at the ATF site!
o o o
Gun Sales Hit Record 16 Million. Here’s Every State Ranked.
o o o
There are just five days remaining in the Jeff Cooper’s Birthday Sale, at Elk Creek Company. Get your pre-1899 guns while they are still affordable!
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. And it need not be only about commodities and precious metals. Thanks!