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 export side of the Swiss watch market. (See the Tangibles Investing section.)
Precious Metals:
Mike Gleason: Fed’s Own Forecasts Again Dead Wrong as QE4 Accelerates
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Why are Gold and Bonds rising together?
Economy & Finance:
The Hill reports: US debt surpasses $23 trillion for first time. JWR’s Comment: That is a $1.3 trillion jump in past 12 months. For some perspective: It took the first 205 years for our Federal government to pile up the first Trillion Dollars of debt. We are now witnessing an almost upright spike. A Dollar crash is now inevitable.
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At Zero Hedge: JPMorgan Prepares For Next Recession By Shifting Jobs From NYC To Texas
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Rents Fall Southern California, Seattle, Miami, San Francisco, San Jose, Chicago, Honolulu & Others. JWRs’ Comment: Chalk this up as an omen. If you own any rental properties, then this is a good time to cash out!
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Another from Wolf Street: Global Slowdown? Mexico’s GDP Declines Year-Over-Year for First Time Since 2009