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 investing in rural land. (See the Tangibles Investing section.)
Precious Metals:
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Jordan Roy-Byrne: They Don’t Ring a Bell at Bottoms.
Economy & Finance:
Peter wrote to mention that the St. Louis Fed chart shows that the yield curve is now even more deeply inverted. Peter’s Comment: “The Yield Curve has inverted more — the most since the early 1980s. Open the link, click on “Max” to see longest timeline. Buckle up for 2023…”
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Credit Suisse projects $1.6 billion fourth-quarter loss as it embarks on strategy overhaul.
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At Zero Hedge: Amazon Makes History After Losing $1 Trillion In Market Value Amid Tech Stock Rout.
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Will Global Rate Hikes Set Off a Global Debt Bomb?
Commodities:
ADM: Commodities Overview November 2022 Edition.
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High demand and prices for lithium send mines into overdrive.
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Lithium project pipeline insufficient to meet looming major deficit.
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OilPrice News reports: Europe Gas Crisis Subsides: Trafigura
Inflation Watch:
Does inflation seem like it is running at around 15%? Well, here is some truth, over at ShadowStats: Alternate Inflation Charts.
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Inflation Huge Miss: Core CPI Slides From 40-Year-High, Real Wages Tumble For 19th Straight Month.
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Yes, Thanksgiving Pies Are More Expensive This Year.
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NPR: You can run, but you can’t hide: Inflation is busting budgets, and killing joy too.
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Consumer price inflation, UK: October 2022.
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Consumer Prices, OECD – Updated: 3 November 2022.
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At The Motley Fool: Why This Obscure Inflation Gauge Has Stock Markets Soaring.
Forex & Cryptos:
Dollar and Sovereign Debt Yields Lower, while Equities Rebound.
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Ethereum Whales Accumulate Over $1 Billion Worth Of Ethereum Amid High Sell-off.
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Video from Stoic Finance: Sam Bankman-Fried “Worse Than Enron” — $44B Fraud Exposed. JWR’s Comment: I refer to him as Sam Bankman-Fraud. As more details of his Ponziesque schemes emerge, I believe that his name will be remembered much like Bernie Madoff‘s.
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DCG founder reassures shareholders amid concerns surrounding Genesis Trading.
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In the Wake of the FTX Collapse, Coinbase Shares (COIN) Fall to Another New All-Time Low.
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Is Estonia: Two arrested in massive $575m cryptocurrency ‘Ponzi scheme’.
Tangibles Investing:
Is Rural Land Worth Your Investment, This Will Shock You!
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Our friend and fellow preparedness blogger Commander Zero had this tip on a source for some deeply-discounted M9/M92 magazines, directly from Beretta USA: Beretta mags.
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Palmetto State Armory (one of our affiliate advertisers) is continuing its big Black Friday Week sales. Here are just three examples:
- PMC Ammunition 230 grain FMJ 45 ACP Ammo, sealed 250-round Battle Pack for just $109. (SKU785114)
- PSA Dagger (Glock 19 clone) Compact Complete Polymer Frame with Viridian Green Laser, Black, for $119 — FFL required. (SKUDG01-51655130765)
- PSA 16″ 5.56 NATO 1:7 Midlength Nitride 13.5″ Lightweight M-Lok MOE EPT Premium Rifle Build Kit with MBUS Sight Set. These kits have everything except a stripped lower receiver. These regularly sell for $799.99 but are on sale at $469.99. NO FFL required. (SKU516446780)
- PSA 5.56 Nitride MPI Full-Auto Bolt Carrier Group for just $59.99 (SKU516446953)
Provisos:
SurvivalBlog and its Editors are not paid investing 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!