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 a potential crisis in Eurozone Credit Derivatives. (See the Derivatives section.)
Precious Metals:
‘The Collapse Is Coming…Buy Physical Gold’ – Robert Kiyosaki
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At MarketScreener: Gold price 2022: what analysts expect.
Economy & Finance:
At Zero Hedge: Fed Doubles Pace Of Taper, Now Expects Three Rate Hikes In 2022. JWR’s Comments: Bty keeping rates artificially low for far too long, the Federal Reserve has backed itself into a corner. Instead of letting the normal market cycle (and credit cycle) operate, they now cannot raise rates without killing the economy. Buckle up, folks.
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CEOs of Big Box Stores Affected by Mass Looting Beg Congress to Crackdown on Internet Sellers. JWR’s Comments: I sympathize with the plight of storeowners, but it begs the question: Why do urban dwellers believe that they can get away with mass looting? Obviously, it is because minor looting (daily shoplifting) goes unpunished in cities with liberal district attorneys who decline to prosecute cases. And stifling the free commerce of online competitors is not a solution. It is just a stopgap or workaround. When faced with a walk-in clientele that includes a few animals, the retailers should probably adopt the Third World approach: Put their goods behind bars or in locked plexiglass cabinets.
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Federal Debt Equals About $287,859 Per Income-Tax-Paying Household.
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