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. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at investing in vinyl records. (See the Tangibles Investing section.)
Precious Metals:
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Bubba Horwitz: Gold building a base
Economy & Finance:
At Zero Hedge: “We’re In A Demographic & Fiscal Dead-End” – Stockman On The Coming Financial Panic & The 2020 Election. The article includes this quote from David Stockman:
“You can’t be saved by picking high-yielding stocks or conservative blue chips or stocks that provide daily necessities like food—it doesn’t matter. Everything’s overpriced right now because of this huge financial distortion.
When the real correction comes and the central banks are revealed to be impotent and powerless, then everything is going to collapse. You’ll be in harm’s way no matter how clever you’ve been in trying to pick and choose. And stay away from the bubble stocks like Amazon or Beyond Meat or any of those.
The time for speculation is over. We’ve had 30 years of central bank subsidized speculation. We’re going to go into the time and era for capital preservation, and that means the highest priority is to not lose money. It’s to keep your capital safe.
I think the only way to do that is in very short-term, liquid instruments.”
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Reader G.G. flagged this: The European Central Bank cut rates to a surprise record low and launched a sweeping round of stimulus.
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And H.L. liked this at The Burning Platform: What NIRP, Rising China Tensions, and “AK-47 Nations” Are Signalling Right Now.
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WSJ: Lenders Are Using Grades, Magazine Subscriptions to Decide on Loans