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 expected shortfalls in the world’s copper supply. (See the Commodities section.)
Precious Metals:
Frank Holmes: Gold SWOT: The “safe haven” of choice is shifting from U.S. Treasuries to gold.
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At Gold-Eagle.com: Report of New Partially Gold-Backed BRICS Settlement Currency.
Economy & Finance:
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Report: More Than Half of Immigrants in U.S. Are Unemployed.
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Scott: “There is no shortage of finger-pointing for the failures of Bidenomics.”
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At Zero Hedge: Ugly Beige Book: “Negligible Job Gains”, “Lower Discretionary Spending”, “More Pessimistic Outlook“.
Commodities:
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Our own Tom Christianson suggested some important reading, over at City Journal: The “Energy Transition” Won’t Happen.
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California gas tax set to be hiked by 50 cents in hidden rise – ‘No one knows about this’.
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From OilPrice News: Coal’s Decline Accelerates as Natural Gas and Renewables Boom.
Inflation/Deflation Watch:
Average US Vehicle Age Hits 12.6 Years As Inflation Takes Toll.
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How it Started… How it’s Going: Fast-food prices soar under Biden. From the article’s intro:
“Many Americans consider fast food to be a ‘luxury’ good since prices have skyrocketed.”
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Charles Hugh Smith: Is Hyper-Inflation that Destroys a Currency a “Solution”?
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The US economy is at risk of stagflation.
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Forex & Cryptos:
Canadian Dollar extends declines on Wednesday as Greenback rebounds.
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Mexican Peso falls amid Mexico’s general election woes, high US yields.
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SEC gives initial greenlight to spot ether ETFs.
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Treasury Department hopes to take aim at illicit finance by focusing on crypto.
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Mt Gox Transfers Over $2.9 Billion Worth Of Bitcoin.
Tangibles Investing:
The Incoming Commercial Real Estate Crisis No One Seems Prepared For.
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Falling Luxury Watch Prices Have Investors Wondering: Time To Buy?
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!