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 the recent Bitcoin rally. (See the Forex & Cryptos section.)
Precious Metals:
From Chartist P. Radomski: Despite Signs To The Contrary, Gold At Or Near Top
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Modest gains for gold, silver amid bullish competing assets
Economy & Finance:
U.S. Companies Face China Tariffs as Exclusions Expire
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At Zero Hedge: Why M1 Money Supply (Cash) is Skyrocketing Like No Time in History. A snippet:
“As I’ve said many times on this site, the special cap-gains tax rate — more than any other cause — is why we have such huge growth in disparity between the rich and the rest. Capital gains are where the top 10% make most of their money — not in wages like the rest of the populace — yet they pay a much lower rate on that kind of income-earning than the much of the middle class pays on their kind of income.”
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At Gizmodo: Your Credit Score Should Be Based on Your Web History, IMF Says. JWR’s Comment: Did you do web searches on libertarian or conservative topics? No home loan or car loan for you!
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At Wolf Street: Bond Market Smells a Rat: 10-Year Treasury Yield Hit 1.04%, Highest since March. 30-Year 1.81%, Highest since February. Mortgage Rates Jumped
Continue reading“Economics & Investing For Preppers”