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 focus on full-capacity magazines as a tangible investment. (See the Tangibles Investing section.)
Precious Metals:
Gold/Silver: Are you positioned for another Silver squeeze?
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India ATM Now Dispenses Gold Coins.
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Kelsey: Demand For Gold – No New Highs.
Economy & Finance:
Brace for a recession in 2023 as job losses top 2 million, Citi says.
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Amazon Layoffs Just Got Way Worse – Fresh Batch of Workers Getting Bezos’ Nasty Christmas Present: Report. JWR’s Comments: This is the largest layoff in the history of the company. Read between the lines, folks. Obviously, a recession is coming soon.
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Yellen Directs IRS to Audit Everyone for $600 Transactions Anyway.
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At American Thinker: How Debt Policies Are Provoking an Unavoidable Crash.
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The Supply Chain Trends Shaking Up 2023.
Commodities:
Harvey sent us this: Commodities 2023: Term negotiations for 2023 cobalt challenging as China demand slumps, supplies surge.
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From the CNBC Perpetual Cheering Section: Gasoline is cheaper now than a year ago — and could fall below $3. JWR’s Comment: The great unspoken in this article is that gasoline prices started with a “$2” for nearly all of the Trump administration years, and briefly with a “$1.” From a Reuters fact-check: “During the Trump administration, the highest average price was $2.90 in May 2019 and the lowest average price was $1.88 in May 2020.”
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From OilPrice News: U.S. Shale Growth To Disappoint In 2023.
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Posted in late October: USDA economists see food inflation cooling in 2023.
Derivatives:
‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks Concern. JWR’s Comment: Mark my words: Any large perturbation in these foreign-held derivatives could trigger a full-scale global financial crisis. As I’ve mentioned before, derivatives are a great way to offset risks. But when a counterparty disappears, then there can be absolute chaos, with some profound, far-reaching effects!
Offshore Investing and Citizenship:
Video from Nomad Capitalist: The US Plan to Kill Second Citizenship.
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Seven Countries Where You Can Get a Passport Through Ancestry.
Forex & Cryptos:
Outlook for the Forex Markets in 2023.
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The Crypto Industry Struggles for a Way Forward.
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Will Your State Reject the Fed’s Digital Dollar?
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Nigeria restricts ATM withdrawals to $45 per day in push to digital currency. (Thanks to reader C.B. for the link.)
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Crypto’s Horrible, No Good, Very Bad Year.
Tangibles Investing:
Home prices, sales to drop for first time in decade, Redfin predicts.
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Palmetto State Armory and GunMag Warehouse (two of our affiliate advertisers) are continuing their Christmas sales. Take particular note of their low prices on full-capacity magazines. Both state and federal-level legislation that would limit magazine capacity is still a risk, so it is wise to stock up on magazines. Don’t buy junk. Only buy factory original magazines or top-quality commercial magazines (such as MagPul PMAGs and Mec-Gar magazines), and stack them deep!
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. Thanks!