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 multi-trillion-dollar losses for tech stock and cryptocurrency investors. (See the Forex & Cryptos section and the Economy & Finance section.)
Precious Metals:
Gold Passes the First Bullish Test.
o o o
Silver Demand On Pace For Record Year.
Economy & Finance:
Tech’s reality check: How the industry lost $7.4 trillion in one year.
o o o
Der Spiegel: Star Economist Nouriel Roubini on the Global Crises “World War III Has Already Effectively Begun”.
o o o
At Zero Hedge: Two Largest Railroad Unions Split Over Labor Deal As Christmas Strike Looms.
o o o
Fed minutes show most policymakers want to slow the pace of interest rate rises ‘soon’.
o o o
At Marketwatch: The U.S. economy is losing speed, S&P surveys show.
Commodities:
D.S.V. sent us this: EPA Wants to Quadruple Tax on Carbon Emissions.
o o o
OilPrice News: Why Is The U.S. Losing Oil Refining Capacity?
o o o
‘It’s like living in an igloo.’ People are turning off their heat as prices surge.
o o o
Inflation Watch:
o o o
Doug Casey on How Inflation Destroys Civilization… and What You Can Do About It.
o o o
JPM: Inflation and the Auto Industry: When Will Car Prices Drop?
Forex & Cryptos:
Buried beneath a mundane headline, at CNN: “The cryptocurrency market has lost more than $1.4 trillion in value this year as the industry has been plagued with problems from failed projects to a liquidity crunch, exacerbated by the fall of FTX.”
o o o
Dollar extends losses as Fed minutes signal slower rate hikes.
o o o
CHF strength to gradually fade from early 2023 as global risk appetite improves – Standard Chartered.
o o o
o o o
FTX’s Bahamas crypto empire: Stimulants, subterfuge and a spectacular collapse.
o o o
This video breaks down what happened at FTX and Alameda Research: This Wasn’t an Accident.
o o o
An odd side note: FTX owned an $11.5 million stake in a tiny rural bank in Washington state with just three employees, bankruptcy hearing shows.
Tangibles Investing:
Several of our advertisers are running Black Friday/Cyber Monday sales. Please consider shopping for your Hanukkah and Christmas gifts with them — first with our paid banner advertisers, and then with our 130+ affiliate advertisers. From the latter, we earn a modest commission and that helps cover’s blog’s expenses. Thanks!
o o o
For just another two days, Ready Made Resources is running great sales on their light amplification and thermal scopes.
o o o
GunMag Warehouse (one of our affiliate advertisers) is offering a special sale price of just $8.99 each for Magpul GEN M2 black 30-round PMAGs. Stack them deep!
o o o
Optics Planet (another one of our affiliate advertisers) is offering 12% to 40% discounts, for Cyber Monday.
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!