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, news of the FBIs’s “lost” gold coins. (See the Precious Metals section.)
Precious Metals:
Stewart Thomson: A Blowoff For Rates & A Surge For Gold.
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Several SurvivalBlog readers sent this: FBI sued after allegedly losing hundreds of thousands in rare coins during raid. An excerpt:
“The Institute for Justice filed two lawsuits Friday on behalf of clients who had property seized from their safety deposit boxes in a March 2021 FBI raid on U.S. Private Vaults, a Beverly Hills–based company. After prevailing in court, and the FBI agreeing to return their property, both Don Mellein and Jeni Pearsons discovered some of their property was missing and suspect the FBI’s haphazard raid or sticky fingers are to blame.”
Economy & Finance:
Yields and Dollar surge to fresh YTD highs into month/quarter-end – Newsquawk Market Wrap.
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An editorial penned by Joe Penland, at Red State: How the U.S. Debt Is Draining Your Family’s Finances.
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Reported on September 22nd: More US Banks Downgraded on Liquidity Fears.
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At The New York Post: Biden’s food stamp expansion linked to 15% jump in grocery prices: study.
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Sandwich chain Subway will be sold to Arby’s owner Roark Capital.
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Target to close 9 stores across 4 states, citing retail crime.
Commodities:
Oil could hit $150, sending ‘shock through system,’ says top shale CEO.
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EV Battery Factory Will Require So Much Energy It Needs A Coal Plant To Power It.
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Reader C.B. flagged this news item: Something unusual is happening in copper markets that hasn’t been seen in 30 years.
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And from OilPrice News: OPEC+ Cuts Offset By Booming U.S. Oil Production.
Debt & Deficit:
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Why America’s deficit doubled to $2 trillion in one year.
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United Kingdom Government Budget.
Inflation/Deflation Watch:
S&P Global: The outlook for inflation? It’s sticky.
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A short Anthony Pompliano podcast: High Interest Rates Usher In New Normal For Young People.
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Signs of the times: Dollar General To Grow Private Truck Fleet To 2,000 By Year’s End.
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US economic outlook: a cooler climate as the US economy enters Q4.
Forex & Cryptos:
At Currency Thoughts: Eighth Straight Central Bank Rate Hike in Thailand.
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Global news: Shaken Confidence.
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As Cuba takes leap towards ‘cashless’ economy, entrepreneurs brace for impact.
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Bitcoin Bearish Signal: Long-Term Holders Deposit To Exchanges.
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Spot Bitcoin ETF: US Lawmakers Jump In With Demands For The SEC.
Tangibles Investing:
Move Over Millennials – Gen Z Is Buying Up Homes Quicker Than Their Older Peers.
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Goldman Sachs-Backed Funds Buy Up Entire Florida Neighborhood for $45 Million.
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!