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, another look at “shrinkflation”. (See the Inflation/Deflation Watch section.)
Precious Metals:
At Kitco: Key Downside Levels in Gold & Silver.
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A video link, at Gold-Eagle.com: Jim Willie Previews The Upcoming BRICS Meeting.
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Reader H.L. mentioned this, over at Zero Hedge: Poland Continues To Aggressively Buy Gold.
Economy & Finance:
Michael Burry Reveals Massive Bets Against Stock Market.
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MSN: China fuels US bond rout by slashing holdings to 14-year low as Washington-Beijing tensions drag on.
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H.L. sent this New York Post news item: Workers making more than $100K laid off at alarming rate as number of US millionaires plummets.
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Steve Bannon’s War Room: A Rolling Credit Event and the Implosion of the Chinese Economy Drowning in a Sea of Debt — Chinese Bankruptcies And Biden’s Overspending Are Sending Global Capital Markets Into Crisis.
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Visualizing The $105 Trillion World Economy In One Chart.
Commodities:
Zinc deliveries to LME turn into floods: Andy Home.
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Latest Update in the SMM Rare Earth Oxides Market. JWR’s Comments: The recent price jumps may have been triggered by rising tensions between the U.S. and China.
Inflation/Deflation Watch:
Consumers being hit with shrinkflation; how to save with rising back-to-school supply costs.
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And from Australia: The curse of shrinkflation: how food is being sneakily downsized – but prices aren’t.
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United States Used Car Prices MoM.
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Some news from Germany: Inflation rate at +6.2% in July 2023.
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Australian Inflation Rate: Household Spending Slows.
Forex & Cryptos:
Euro strength versus Dollar continues.
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At Currency Thoughts: Move Out of Equities Drives Back Long-Term Interest Rates.
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Linked over at the Whatfinger.com news aggregation site: Did Elon Musk Sell His Bitcoin? What We Know, What We Don’t.
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Bitcoin on the way to ‘bearadise?’ $20K is back as a BTC price target. JWR’s Comments: With sovereign CBDCs emerging soon, we can expect a landslide of legislation against private cryptos. Absent a major currency collapse, that will probably push Bitcoin and other cryptos down, through the rest of the 2020s.
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Tangibles Investing:
Norada: Housing Market Crash 2023: Will Real Estate Crash Again?
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And finally, from Morningstar: Commercial Real Estate Is in Trouble, but Not for the Reason You Think.
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!
