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 Senior Editor, JWR. Today, we look at the likely recession in 2023. (See the Economy & Finance section.)
Precious Metals:
Michael Pento: Fiscal and Monetary Policy Shocks.
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Video interview: Gold is ready to ‘explode’, 2023 will be a ‘commodities boom’ – Todd Bubba Horwitz.
Economy & Finance:
China’s retail sales shrink far more than expected, while industrial production disappoints. JWR’s Comment: This looks like the harbinger of a global recession, folks.
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Recession drumbeat gets louder as more U.S. CEOs strike mellow note for 2023.
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At Wolf Street: Retail Sales Hit by Price Drops in Durable Goods, Gasoline. But Sales Rose where Prices Rose: Restaurants, Grocery & General Merchandise Stores.
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MarketWatch: Stock-market investors now fear recession more than inflation. Here’s why.
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Deutsche Bank: World Outlook 2023: Is recession looming?
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The Economist: Why a global recession is inevitable in 2023.
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The Two Largest Foreign Holders Dumped US Treasuries In October, Record Annual Equity Outflows.
Commodities:
Our Editor-At-Large Michael Z. Williamson sent us this Reuters news service piece: Germany’s half-a-trillion dollar energy bazooka may not be enough.
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Michael Kern at OilPrice News reports: There’s More Volatility To Come For Oil Markets.
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EIA Raises 2023 Natural Gas Production Forecast as Output Tops 100 Bcf/d in Late 2022.
Inflation Watch:
US workers’ wage gains in 2023 are likely to exceed inflation.
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Inflation Easing for Goods, Still Climbing Fast for Services.
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When will inflation end? Forecasts for 2023.
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8 Things That Will See a Price Increase in 2023.
Forex & Cryptos:
NatWest Forecasts Show Pound Sterling Better Supported against Euro and Dollar in 2023.
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Canadian dollar to rally over 2023 as interest rates hit their peak.
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Bank of Norway and Swiss National Bank.
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Shiba Inu (SHIB) Price Continues To Decline – What’s Causing The Drop?
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SEC was “asleep at the wheel” about FTX – US Rep. Sessions.
Tangibles Investing:
From Bankrate: 2022 winter housing market predictions.
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Brownells (one of our affiliate advertisers) is running a 15 Days of Christmas sale. At their website, click on “Deals” for a full list of the sale prices. They have some great prices on AR gun parts, PMAGs, and gunsmithing tools.
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!