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 the impact of the pending Federal debt ceiling increase.
Precious Metals:
Why emerging markets are stocking up on gold.
o o o
At Gold-Eagle.com: Debt Ceiling Deal Keeps Dollar Locked in Devaluation Spiral.
Economy & Finance:
A video linked over at the Whatfinger.com news aggregation site: Dave Brat: Speaker McCarthy’s Debt Limit Deal Locks In the U.S. Into a “Permanent Crisis Economy”.
o o o
US Corporations Are Filing For Bankruptcy At The Fastest Pace Since 2010.
o o o
Moody’s Analytics: Skyrocketing Rents Across U.S. Far Outpace Income Growth.
Banking:
Silicon Valley Bank: 500 jobs cut by new owner First Citizens.
o o o
JPMorgan Quickly Fires 1000 First Republic Bankers.
o o o
o o o
New York City Officials Freeze Accounts After Banks Fail To Submit Anti-Discrimination Plans.
Commodities:
Upstate New York gas price tops $3.66 per gallon.
o o o
World Bank: Metal prices forecast to decline as supply improves.
o o o
From OilPrice News: European Natural Gas Prices Fall On Weak Global Demand.
Inflation/Deflation Watch:
From the left-wing CNBC: After the debt ceiling, inflation.
o o o
Inflation Remains High, as Key Gauge Rises to 4.4%.
o o o
The latest inflation readings are expected to show that prices are still rising.
o o o
“New smaller size, same great price!” The products we buy are shrinking, and so is the value.
Forex & Cryptos:
At Currency Thoughts: Indications that a Debt Ceiling Deal Will Be Reached in Time.
o o o
South African Reserve Bank Interest Rate Hike Exceeds Expectations.
o o o
Bitcoin records first monthly loss of 2023 as Fed ponders additional rate hikes.
o o o
Shiba Inu Burn Frenzy: More Than 15 Billion Tokens Scorched In May.
o o o
XRP Hype Spikes As Price Surges 12%, Is This A Top Signal?
Tangibles Investing:
Published by Hagerty, back in March: The state of 2023’s private collector-car market.
o o o
Video from Jason Walter: Glut of New Homes For Sale in the US Has Builders Scared.
o o o
GunMag Warehouse (one of our affiliate advertisers) is continuing their Memorial Day sale to June 5th, 2023. If you need any magazines, ammo, or optics, take advantage of their great sale pricing.
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!