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. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at the low market price of corn. (See the Commodities section.)
Precious Metals:
What is Going On? Three Separate Coin Shop Owners Shocked as Their Bank Accounts Suddenly Shut Down with No Reason Given (Video). JWR’s Comments: I was “debanked” two years ago, for political reasons. All in all, I Hate Banks!
o o o
Clive Maund, at Gold-Eagle.com: Gold Market Update – How It Will Perform During A Stock Market Crash.
Economy & Finance:
Our own Tom Christianson recommended this: The Permanent Crisis Economy — We’re still living in 2008.
o o o
Reader H.L. sent this: Hedge funds have bailed on the U.S. consumer in a big way, Goldman Sachs data finds. JWR’s Comments: Seeing so much shorting going on gives me serious doubts about the stock market. Given the current credit market conditions I’m presently on the sidelines for equities, and I’m glad that I’m insulated from any upcoming drop in shares.
o o o
H.L. spotted this news: Walmart cuts starting pay for new hires who prepare online orders, stock shelves.
o o o
J.M. Smucker to buy Hostess for $5.6 billion.
o o o
Linked over at the Whatfinger.com news aggregation site: Biden meets Li Qiang, says China economic ‘crisis’ makes Taiwan invasion less likely. JWR’s Comment: It seems that Biden has discounted the long history of nations engaging in foreign wars to distract their populaces from domestic troubles.
o o o
Commodities:
Terry C. sent us this news link: Corn prices are still low. A quote:
“Corn futures rose to $4.7 per bushel, rebounding slightly from the near-three-year-low of $4.61 touched on August 31st, as unfavorable weather threatened supply from the US Excessive heat in the US corn belt limited yields toward the end of the country’s harvest.”
o o o
SPC Global: Market Movers Americas, Sept. 12-16: Weather changes, international demand impact American commodity markets.
o o o
US Confirms It Seized Nearly 1 Million Barrels Of Iranian Oil Allegedly En Route To China.
o o o
NPR: Electric cars have a road trip problem, even for the secretary of energy.
Derivatives:
o o o
Derivatives: Credit default swaps – The revival.
o o o
o o o
Fitch Affirms UBS and Credit Suisse Entities’ Covered Bonds Following Closing of Acquisition.
Forex & Cryptos:
Reuters: What is a BRICS currency and is the U.S. dollar in trouble?
o o o
At Currency Thoughts: Future Monetary Policies in the Financial Market Forefront.
o o o
Shiba Inu Hits Make-Or-Break Price: 250% Rally Or New All-Time Low?
o o o
CFTC commissioner plans to modernize investor protection with technology.
o o o
PayPal Enhances Crypto Offering with USD Conversion Service.
Tangibles Investing:
o o o
The prices for pre-ban registered machineguns in the U.S. continues to escalate. Here is an example that illustrates the absurd situation created by Congress in 1986: An AR-15 drop-in autosear selling for $64,995. JWR’s Comment: I suppose that is the answer to the proverbial $64,000 question.
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!