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 base metals prices. (See the Commodities section.)
Precious Metals:
Why is The US Treasury’s Silver Eagle Mandate Not Being Honored? : Analyst.
o o o
At Kitco.com: U.S. focus on green energy transition is working and silver continues to be the biggest beneficiary – Bank of America.
Economy & Finance:
Reported back on July 5th: After brief pause, Federal Reserve looks poised to raise interest rates again. JWR’s Comments: Another 50 basis point rise in the prime rate will be enough to destroy the real estate market. Even with current mortgage rates, very few would-be home buyers now qualify for mortgages.
o o o
Linked over at the Whatfinger.com news aggregation site: Tax Relief Is Coming To Millions Of Red-State Residents.
o o o
At Zero Hedge: IMF Raises Global GDP Outlook, Warns “Not Out Of The Woods” As Inflation Proves Sticky. From teh report’s summary:
“Global growth is projected to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. The rise in central bank policy rates to fight inflation continues to weigh on economic activity. Global headline inflation is expected to fall from 8.7 percent in 2022 to 6.8 percent in 2023 and 5.2 percent in 2024. Underlying (core) inflation is projected to decline more gradually, and forecasts for inflation in 2024 have been revised upward.”