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 Valmet rifles. (See the Tangibles Investing section.)
Precious Metals:
Allen Sykora: Sentiment Upbeat On Palladium, Less Dubious Of Platinum: UBS
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“I’m Not a Gold Bug – You’re a Dollar Bug!”
Economy & Finance:
At Zero Hedge: Is It Time To Start Worrying About China’s Debt Default Avalanche?
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Blog reader H.L. spotted this: America’s largest cities drowning in debt, with Chicago leading the way, study finds. The Fox News piece by Frank Miles begins:
“America’s 10 largest cities, largely Democrat strongholds, are drowning in municipal debt, according to a new report from government watchdog Truth in Accounting.
The report sought out “to determine what … overlapping financial entities mean for taxpayers’ bottom line.” Truth in Accounting said its purpose was to “calculate the various bills (and surpluses, when available) at the city government level and divide them out to determine a per-Taxpayer Burden.”
The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600.”
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Deutsche Bank Death Spiral Hits Historic Low. European Banks Get Re-Hammered