Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at some stock market risks. (See the Equities section.)
Precious Metals:
Gold to test $1,950 as bullish sentiment drives prices.
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Alasdair Macleod: The Commodity Currency Revolution.
Economy & Finance:
“Sounding The Alarm”: A $3 Trillion Problem Emerges As The Fed Prepares To Launch QT.
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Another perspective on the QT dilemma: The Fed has more money on its balance sheet (8.9 trillion) then the total value of all 401ks in the United States (7.3 trillion as of 9/21).
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The Daily Wire reports: ‘Unhinged’ And ‘Abnormal’: Fed Warns Of Housing Bubble As Average Cost Of New Homes Hits Record High. Here’s the intro:
“New data from the Census Department released last week reveal that the average cost of a new home hit a record high in February at $511,000. Now, the Federal Reserve is warning about a housing bubble.”
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At Zero Hedge: FOMC Minutes Signal Bigger, Faster-Than-Expected QT, Multiple 50bps Hikes. JWR’s Comment: It looks like the Fed’s leadership is fast-tracking a recession.
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California city to give universal income to transgender, nonbinary residents regardless of earnings. JWR’s Comment: I had to do a double-take, thinking that this was coming from a parody site, like The Babylon Bee. No, it is a genuine news article. This is virtue signaling run amok.
