Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. Most of these items are from JWR’s “tangibles heavy” contrarian perspective. Today, we look at global inflation. (See the Inflation Watch section.)
Precious Metals:
Gold price up following U.S. CPI close to expectations.
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At Gold-Eagle.com: The Bond Market Is Already Broken, What’s Next For Silver and Gold?
Economy & Finance:
A new Piepenburg interview: No “North Star” for a Global Economy Drifting in Unsustainable Debt.
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UK can expect year of stagnation after narrowest of escapes from recession.
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Linked over at the Whatfinger.com is this from Martin Armstrong: The Real Debt Crisis is Here.
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Moody’s: U.S. Chartbook: Too Tight for Comfort.
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Germany’s DIHK lifts forecast, sees economic stagnation in 2023.
Commodities:
Ameritrade forecast: How The U.S. Dollar Will Impact Metal Commodities In 2023.
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U.S. farmers plan to go ‘heavy on corn’ in 2023.
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From OilPrice News: U.S. Shale To Set Production Record In March.
Inflation Watch:
Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago.
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At Zero Hedge: Why The Fed is in the Tall Weeds on Inflation.
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Linked over at the Whatfinger.com site: Core CPI Rises 32nd Straight Month, Headline Inflation Hotter Than Expected YoY Driven By Lagging Shelter.
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Report from UK government: The cost of living, current and upcoming work: February 2023. A quote:
“UK inflation continues to remain at a high level, with a 40-year high recorded in October 2022. This higher level of inflation has continued into 2023 with food and non-alcoholic beverages continuing to be a large contributing factor. The price of these items rose by 16.9% in the 12 months to December 2022, up from 16.5% in November.
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 9.2% in the 12 months to December 2022, slightly down from 9.3% in November. The Consumer Prices Index (CPI) rose by 10.5% in the 12 months to December 2022, down from 10.7% in November.”
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Still stubbornly high: Inflation in the Euro Area. “Euro area annual inflation is expected to be 8.5% in January 2023, down from 9.2% in December 2022.”
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Consumer inflation in Japan’s capital hits near 42-year high, keeps BOJ under pressure.
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China’s Consumer Inflation Picks Up as Recovery Gathers Pace.
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India’s inflation concern may not be over soon. Here’s why.
Forex & Cryptos:
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At Currency Thoughts: Euroland & Japanese GDP Released Before U.S. Consumer Prices.
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Blockchain Association Files Amicus Brief, Wants To Stem SEC’s ‘Regulation By Enforcement’ Trend.
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Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February. JWR’s Comment: The crypto exchanges will be under extreme regulatory scrutiny for the next few years. Investing in an exchange is foolish, at this time.
Tangibles Investing:
Video: The Disturbing Details Of The 2023 Housing Crash (Explained In Detail).
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CoreLogic updates its home price risk assessment for 392 U.S. housing markets.
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!