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, a link to an essay by former congressman Dr. Ron Paul. (See the Economy & Finance section.)
Precious Metals:
Von Greyerz: History Tells Us To Own Gold When Central Banks Run Out Of Control
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Gold price surges to 7.5-year high as coronavirus concerns mount
Economy & Finance:
The Wall Street Journal reports: Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll
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Dr. Ron Paul: The Federal Reserve is Getting Desperate. The article begins:
“In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit. Until last week, the Secondary Market Credit Facility had limited its purchases to exchange-traded funds, which are bundled groups of stocks or bonds.”
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At Wolf Street: Plot Thickens on End of QE & Start of Shedding Assets
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And another from Wolf Street: Alitalia, Lufthansa, Condor, Norwegian, Other European Airlines Try to Survive, But it Gets Complicated

