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, another look at “Shrinkflation”. (See the Inflation/Deflation Watch: section.)
Precious Metals:
Metals on the Move: Silver breakout signals next run to $50.
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Economy & Finance:
SurvivalBlog reader K.B. sent this: Why Banks Are Suddenly Closing Down Customer Accounts. JWR’s Comment: As someone who has been de-banked, I can attest that some of these account closures are politically motivated.
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Tim Pool: The US Is Printing $100k EVERY THREE SECONDS, The US Debt Crisis Is OUT OF CONTROL.
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Switzerland Considers Limiting Bank Withdrawals After $185 Billion Bailout, While the Fed Moves Toward ‘Friction Tech’ – Implications for Future Bailouts. (A hat tip to D.S.V. for the link.)
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WeWork, once valued at $47 billion, files for bankruptcy. JWR’s Comment: And just like that, they went from WeWork, to WeWoke, to WeBroke.
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Bringing home the bacon: Biden unveils $16.4 billion rail grants at Amtrak in ‘blue-state’ Northeast Corridor.
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Martin Armstrong: The Coming Great Crash?
Commodities:
Reader C.B. sent us this: Texas voters to decide whether to put billions toward gas power plants.
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Reader A.K. spotted this, over at FarmProgress: More heifers continue to head to feedlots.
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Reuters: Bears bet big that nickel can close the product gap.
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From OilPrice News: The Problem With Refilling The Strategic Petroleum Reserve.
Inflation/Deflation Watch:
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Shrinkflation: The Silent Change Impacting Your Pocket.
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Fed is making progress on inflation, Goolsbee says.
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Turkish central bank raises inflation forecasts, sees 70%-75% peak.
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Mexico’s annual inflation rate.
Forex & Cryptos:
At Currency Thoughts: Fifth 25-Basis Point Interest Rate of 2023 Done in Australia.
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SOL Price Reaches $41, But What’s Happening In Solana Ecosystem?
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XRP surging as major institutions adopt Ripple.
Tangibles Investing:
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The collector car market continues to soften.
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!