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 light sabers. (See the Tangibles Investing section at the end of this column.)
Precious Metals:
Gold Still To React To U.S. Dollar Weakness, Watch For A Move Higher — Analysts
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A good market fundamentals article by Stefan Gleason, that dates back to late 2018: A Tale of Two Metals: One WAY More Valuable Than Gold, The Other Historically Undervalued
Economy & Finance:
“Economic growth won’t last as the U.S. labors under the burden of growing entitlement programs and weakness around the world, former Federal Reserve Chairman Alan Greenspan told CNBC.
The long-time central bank chief repeated his warnings about the weight that Social Security, Medicare and other programs are having on what have been otherwise solid gains over the past few years.
‘I think the real problem is over the long run, we’ve got this significant continued drain coming from entitlements, which are basically draining capital investment dollar for dollar,’ he told CNBC’s Sara Eisen during a Squawk on the Street interview.
‘Without any major change in entitlements, entitlements are going to rise. Why? Because the population is aging. There’s no way to reverse that, and the politics of it are awful, as you well know,’ Greenspan added.
While he said the economy looks ‘reasonably good’ in the short run, he expects that over the longer term, growth ‘fades very dramatically.'”
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Goldman “Recalibrates” Fed Forecast: No More Rate Hikes Before 2020 Election
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$2,198,468,000,000: Federal Spending Hit 10-Year High Through March; Taxes Hit 5-Year Low