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’s focus is on Brandon Smith’s analysis of the economy. (See the Economy & Finance section.)
Precious Metals:
Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up. (A hat tip to H.L. for the link.)
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It’s A Good Time To Be A Palladium Miner
Economy & Finance (Brandon Smith):
The latest from Brandon Smith over at Alt-Market.com: Fed Tightening And Crumbling Fundamentals Expose The Recovery Lie. Here is an interesting tidbit from Brandon Smith’s article: “I also find it interesting that while retail sales are crumbling, consumer debt continues to rise. If consumers are taking on more debt, where is that money going if not into purchases? My suspicion is that new debt is being taken on in order to pay off old debts. If this terrible cycle is the underlying source of expanding personal credit, then retail sales indicate that we are close to the end of the game.”
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The US Housing Market Begins to Feel the Pain
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US Cities Face “Moment Of Reckoning” As China Halts Trash Imports
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“New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets