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. Most of these items are from JWR’s “tangibles heavy” contrarian perspective. Today, we look at a power fixed-rate billing scheme. (See the Commodities section.)
Precious Metals:
Silver supply deficit reaches record high, could fuel price growth – Silver Institute report.
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At Gold-Eagle.com: Investors flock to gold, silver bullion to protect wealth in Q1.
Economy & Finance:
Conference Board: Probability of US Recession Remains Elevated.
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Money-Supply Growth Fell to a 50-Year Low in February. Will the Fed Panic? JWR’s Comments: Always remember: The money multiplier effect of fractional reserve banking works in reverse, as bank deposits are withdrawn. In a full-scale baking panic, we might see some short-term deflation.
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Reader H.L. sent this link: Andy Beal, America’s richest banker, makes a massive bond bet on inflation.
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Linked over at the Whatfinger.com news aggregation site: Robin Hood in reverse: Biden green agenda raising prices for consumers, profits for Dem donors.
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At Zero Hedge: US Annualized Debt Costs Exceed $800 Billion. JWR’s Comments: Be sure to take a close look at the charts. An upright spike like this is not sustainable! A sovereign debt crisis for the US Treasury is inevitable. That will be quickly followed by a Dollar crisis, as trillions of offshore Dollars come home to roost. Be prepared for mass inflation!