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 look at a potential crisis in Eurozone Credit Derivatives. (See the Derivatives section.)
Precious Metals:
‘The Collapse Is Coming…Buy Physical Gold’ – Robert Kiyosaki
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At MarketScreener: Gold price 2022: what analysts expect.
Economy & Finance:
At Zero Hedge: Fed Doubles Pace Of Taper, Now Expects Three Rate Hikes In 2022. JWR’s Comments: Bty keeping rates artificially low for far too long, the Federal Reserve has backed itself into a corner. Instead of letting the normal market cycle (and credit cycle) operate, they now cannot raise rates without killing the economy. Buckle up, folks.
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CEOs of Big Box Stores Affected by Mass Looting Beg Congress to Crackdown on Internet Sellers. JWR’s Comments: I sympathize with the plight of storeowners, but it begs the question: Why do urban dwellers believe that they can get away with mass looting? Obviously, it is because minor looting (daily shoplifting) goes unpunished in cities with liberal district attorneys who decline to prosecute cases. And stifling the free commerce of online competitors is not a solution. It is just a stopgap or workaround. When faced with a walk-in clientele that includes a few animals, the retailers should probably adopt the Third World approach: Put their goods behind bars or in locked plexiglass cabinets.
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Federal Debt Equals About $287,859 Per Income-Tax-Paying Household.
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Commodities:
Why 2022 will be a ‘more challenging’ year for commodities such as oil and gold.
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At OilPrice News: A Shale Comeback Could Be On The Cards In 2022.
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Middle East Oil Giants Are Battling For Hydrogen Supremacy.
Derivatives:
This is a “must-read” piece on present-day eurodollar credit derivatives shenanigans: Dollar Illiquidity — The Ironic Yet Ignored Spark for the Next Crisis. JWR’s Comment: This could indeed spark another international financial crisis. To explain one ket bit of terminology: A “Eurodollar” has little or nothing to do with Euros. Rather, it refers to a U.S. Dollar on deposit or otherwise held inside the Eurozone.
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To better understand credit derivatives in the EU, there is this piece, that was published back in March: Is the eurozone at risk from another sovereign debt crisis?
Inflation Watch:
Money Printing Gone Off the Rails – James Turk.
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At LibertyLoft: Inflation far worse than anyone realizes.
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Forex & Cryptos:
Dollar’s 2021 Rally – Over Or Just Resting?
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Dollar Appreciation Threatens the Global Economy.
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As Lira Implodes, Turkey Proposes Huge Fines For “Hoarding”. JWR’s Comments: This is classic statist rhetoric: Don’t blame your own deleterious policies. Instead blame foreigners and foreign currencies.
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Crypto Market Drops Back Into ‘Extreme Fear’ As Prices Struggle.
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Reader C.B. sent us this: With eye on 2021 law, crypto industry to ‘engage’ with Congress in 2022.
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Former SEC Chairman, Jay Clayton Says He Believes Strongly In Crypto Technology.
Tangibles Investing and Barter:
H.L. sent us this link to what will become often-cited: Woman starts with hairpin and barters up to a new house.
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Yachts, Jewels, Stocks, Trade – Buying Real Estate With Tangibles.
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The top housing markets in 2022 projected by Realtor.com.
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!