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 the effect of legislation on the price of photovoltaic power panels. (See the Commodities section.)
Precious Metals:
Adam Taggart: We’ve Arrived At The End Of The Road
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Chartist Hub Moolman: Gold Price Analysis 2019: Who is Lying: Gold or the Dow?
Economy & Finance:
Reader H.L. recommended this at Zero Hedge: Bids For $260 Million Harlem Apartment Ensemble Disappear Overnight Thanks To New NY Legislation. Here is a quote:
“About 12 investors made offers on a collection of rent stabilized Harlem apartment buildings that listed in April for $260 million, according to Bloomberg. But then, the NY legislature re-wrote the rules of stabilized rents, which capped property values and slashed the potential for increases in rent overnight.
The bids for the 28 building “Harlem Ensemble” apartments that were on the sale block instantly disappeared.
David Chase, partner at B6 Real Estate Advisors said: “They called us every day — and then we couldn’t reach them.”
The listing will expire at the end of the month.
Many other multifamily deals also collapsed due to investors fearing that the new legislation, which governs about 1 million apartments in the city, takes direct aim at landlords’ income and investment returns. It makes it nearly impossible to raise rents, remove units from state regulation or recoup the costs of capital improvements.”
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At Wolf Street: Who Holds the $3.2 Trillion in “Leveraged Loans” and CLOs?

