Analysis of the recent jump in spot silver. Home Prices May Collapse 50%.
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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, some analysis of the recent jump in spot silver. (See the Precious Metals section.)
Precious Metals:
Gold/Silver: A new leg higher or a bull trap?
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Morris Hubbart, at Gold-Eagle.com: Gold Surges & Silver Surges More.
Economy & Finance:
I missed seeing this, when it was posted back in March: Analysis of the President’s FY 2024 Budget.
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Over at Zero Hedge: Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion.
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Alt-Market: Globalists Suggest ‘Finance Shock’ And Climate Controls To Launch Their Great Reset.
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A piece by M.N. Gordon that I found linked over at the Whatfinger.com news aggregation site: Are You Willing to Starve for the Greater Good?
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21 minutes, well-spent, to watch this, from Patriot Nurse: Welcome to the Endgame: This is What a Crash Looks Like.
Commodities:
Posted for July by the EIA: Short-Term Energy Outlook.
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Revised for an El Niño, following this year’s La Niña: USDA Agricultural Projections to 2025.
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From OilPrice News: America’s Manufacturing Slowdown Weighs On Steel Demand.
Inflation/Deflation Watch:
The Fed’s Beige Book – July 12, 2023. Here is a quote:
“Prices were mostly stable, with some exceptions, as cost pressures abated further. A clothing retailer said that input cost growth had ceased altogether and that their output prices were flat. Manufacturing contacts reported a very benign pricing environment, with one even mentioning the possibility of deflation. Prices were slightly higher among IT contacts, but with no further price increases anticipated. Hotel room rates in Greater Boston increased in excess of seasonal patterns, rising 12 percent on a year-over-year basis. Cape Cod rental prices increased yet again, but at a much more modest pace than in recent years. The outlook called for further moderation of pricing pressures moving forward.”
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Grocery Price News Is All Over the Place. What’s Really Happening?
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US inflation cooled in June for the 12th straight month.
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Over at Nerdwallet: Travel Inflation Report: July 2023.
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Yes, inflation is coming down. That doesn’t mean goods and services will be cheaper. JWR’s Comment: Politicians always try to put a shiny face on a decrease in a rate of increase.
Forex & Cryptos:
EUR/USD Forecast for 2023-2026 and Beyond.
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Over at the Currency Thoughts blog: Next Week’s Menu: July 15-21, 2023.
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Russia outlines rules for digital ruble.
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Why Ripple’s Victory Against The SEC May Be Short-Lived: Legal Expert.
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I missed seeing this news, two months ago: SEC Reduces LBRY’s Fine From $22 Million To $111,000 After Revision of Punishment.
Tangibles Investing:
US home prices still face a ‘steep and sustained’ decline this year, economist warns.
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People Will Freak Out When Home Prices Collapse 50% In The Coming Months.
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An updated report from Bankrate: Housing market predictions for 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!
