Here are the latest 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 JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on investing in High Standard pistols. (See the Tangibles Investing section, near the end of this column.)
Stocks:
Last Friday’s 572-point sell-off in the Dow made headlines. With higher interest rates ahead, this is probably not anywhere near the bottom.
Economy & Finance:
Reading a headline like this is troubling: Subprime Mortgages Among Fastest Growing Investments for US Banks
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The Irish Times reports: China pledges to fight ‘unilateral’ US trade tariffs ‘at any cost’. Of course what is not mentioned is that the tariffs didn’t come without provocation. Trump Administration officials have alleged that Chinese trade practices and policies have forced U.S. companies to transfer technology in order to to compete in the mainland China market. They have also pointed out that American intellectual property and patent rights have been repeatedly trampled.
By the way, I have personally been the victim of this:: There have now been more fake Chinese copies of the Rawles XL Voyager knife sold in the U.S. than there have genuine ones produced by Cold Steel. What Cold Steel produced was a genuine Limited Production knife. But what the Chinese are producing is an unlimited glut of cheap shanzai copies, with my signature on them! The Chinese government has done almost nothing to stop the flood of fake merchandise pouring out of their factories. The rapidity with which these counterfeits are produced is amazing.