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, a special examination of the anti-green agenda revolt by European farmers. (See the European Farmers Anti-Greenie Pushback section.)
Precious Metals:
Silver Use in India Solar Projects Is Skyrocketing.
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At Gold-Eagle.com: How Much Does a Pound of Gold Cost?
Economy & Finance:
Linked over at the Whatfinger.com news aggregation site: JPMorgan CEO Jamie Dimon warns US driving toward a cliff as debt snowballs.
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BBC News: Evergrande: Chinese property giant ordered to liquidate.
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Derisked? China’s U.S. bond footprint fades: McGeever.
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UPS is cutting 12,000 jobs, citing softer demand and higher costs. (Thanks to blog reader C.B. for the link.)
Commodities:
H.L. sent us this: ‘Copper Thieves’ are Turning American Cities into Third World Countries.
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Biden admin backs off gas stove crackdown after widespread pushback.
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Oil Shorts Squeezed As Cushing Inventories Tumble To Historic Low For January.
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Massive Gas Pipeline Explosion Near Elmwood, Oklahoma.
European Farmers Anti-Greenie Pushback:
‘Siege of Paris’ — Farmers Shut Down Entrances to French Capital in Protest Against Green Agenda.
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German farmers and their tractors throng Berlin in a protest against fuel subsidy cuts.
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How a Dutch party born out of farmers’ protests won big in the Senate election.
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At Zero Hedge: Europe Erupts In Widespread Farmer Protests As Revolt Against ‘Green’ Policies Intensifies.
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Farmers encircling Paris with their tractors may seem good-natured – but their purpose is serious.
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Hay bale blockades and tractor chaos: Belgian farmer protests cause travel chaos.
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Angry Italian Farmers Join Their European Counterparts in Protest Against Climate Tyranny.
Forex & Cryptos:
Schwab: Where the U.S. Dollar May Be Headed in 2024.
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At Currency Thoughts: Disappointing Tech Earnings, FOMC Statement, BOJ Signal and End-Month Data Dump Make for a Busy Day.
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Analyst outlines bitcoin price impact as ETFs top $1 billion. JWR’s Comments: What the government giveth, the government can taketh away. We can expect a large regulatory and taxation crackdown on private cryptos in the next few years.
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SEC delays Fidelity ethereum ETF as crypto community turns to new deadlines.
Tangibles Investing:
New Jersey city holds first housing lottery with homes selling for $1. JWR’s Comments: News stories like this underscore the arbitrary, capricious, anticapitalist, and confiscatory nature of all modern governments. Expropriating property through taxation and then doling out property with huge losses is an absurdity of government that must be stopped. Oh, be sure to read the comments that follow the article. They illustrate how decades of Democrat political leadership have destroyed New Jersey’s big cities and their livability.
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Brownells (one of our affiliate advertisers) is running a sale on SIG FACTORY 30 Round Extended 9mm magazines for SIG P320 pistols. They are just $45.99 each. (Normally they are $59.99.) At the Brownells website, paste this catalog number into their search box: 430102502. and then click on the “30” button – for magazine capacity. I recommend that you take advantage of this sale and stack them deep!
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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!