JPM CEO Jamie Dimon Lists a Number of Threats to the U.S. Economy.
by 
Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at some warnings from JPMorgan Chase CEO Jamie Dimon. (See the Economy & Finance section.)
Precious Metals:
Millennials are hoarding more gold than boomers and Gen X-ers.
o o o
Why a Texas Gold-Backed Currency Is a Stand Against the Fed.
Economy & Finance:
JPMorgan Chase CEO Jamie Dimon Lists a Number of Threats to the U.S. Economy.
o o o
Monthly mortgage payments reach record highs in US.
o o o
Your Paycheck Could Clear Faster With FedNow.
o o o
Illinois to Require Landlords Rent to Illegal Aliens as Housing Costs Surge. JWR’s Comments: We are now a nation that has had its legal system stood upon its head. What is next? A law requiring landlords to rent houses to child molesters?
o o o
CNN: What markets are saying about when to expect a recession.
Commodities:
H.L. sent us this: A Nickel Glut Is Looming. This article begins:
“Supply of nickel deliverable to the London Metal Exchange could jump next year by 35% compared to 2022 levels as new plants for nickel processing in China and Indonesia could cause a glut and crash prices, analysts at Macquarie Group say.”
o o o
Biden admin unveils sweeping new actions increasing costs for oil, gas leasing.
o o o
From OilPrice News: U.S. Natural Gas Prices Set For First Weekly Gain In Four Weeks.
Inflation/Deflation Watch:
o o o
Annual inflation down to 6.4% in the EU.
o o o
Over at Zero Hedge: Deflation While Food Prices Are Going Up? You Cannot Be Serious.
o o o
UK-ONS: Consumer price inflation, UK: June 2023. A couple of quotes:
“The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 7.3% in the 12 months to June 2023, down from 7.9% in May.”
and,
“Food and non-alcoholic beverage prices rose by 0.4% between May and June 2023, compared with a rise of 1.2% between the same two months a year ago. This resulted in an easing in the annual rate to 17.4% in June 2023.”
o o o
US economy shifts into disinflation mode; consumer prices rise modestly.
Forex & Cryptos:
An article by Alasdair Macleod, over at Lew Rockwell’s site: Why the Dollar Is Finished.
o o o
Ethiopia to Mandate Digital ID for Banking Operations.
o o o
The Independent Sentinel: Countries Are Fleeing the US Dollar, a Most Potent Political Weapon.
o o o
The Dawn Of Bitcoin ETFs Could Spark An Investor Frenzy.
o o o
A Health Ranger Video: Bombshell, historic court decision affirms cryptocurrencies are NOT regulated securities.
Tangibles Investing:
Complete Paralysis: Just 1% Of US Homes Have Changed Hands In 2023, The Lowest On Record.
o o o
Higher Home Prices and Mortgage Rates Made It Difficult for Home Buyers to Qualify in May 2023.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR. (Either via e-mail or via our Contact form.) These are often especially relevant because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. Thanks!
