March 2, 2024

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 economics and investing predictions for 2024.

Precious Metals:

The Silver Surge: Anticipating Big Moves in 2024 and 2025.

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Gold Is Going To Reach New ALL Time Highs! Will Silver Follow?

Economy & Finance:

From the biased Biden boosters at Fitch: World Growth to Fall Sharply in 2024 but US Recession Avoided.

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From The Motley Fool: This Widely Followed Metric Is Flirting With Danger. Does It Mean a Stock Market Crash Is Imminent in 2024?  An excerpt:

“Q1 2023-current: The S&P 500 Shiller P/E sat above 32 at the closing bell on Dec. 20.

All five previous instances with a Shiller P/E ratio north of 30 have eventually (keyword!) resulted in the S&P 500 losing at least 20% of its value, which is traditionally the line-in-the-sand definition for a bear market.”

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J.P. Morgan: 2024 economic outlook: 10 considerations for the US economy.

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USN&WR: Will the Stock Market Crash in 2024? 7 Risk Factors.

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At Zero Hedge: IRS Rakes In Record $4.9 Trillion In Taxes From Americans Amid Enforcement Crackdown.

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Fortune: 2024 economy and stock market predictions: Expect subpar returns in a new ‘age of austerity’ says a top analyst at Research Affiliates.

Commodities:

FocusEconomics: Our key commodity forecasts for 2024.

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ING: Commodities Outlook 2024: Cautious optimism.

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From Oxford Economics: Commodities Key Themes 2024 – Another year of price weakness for metals.

Inflation/Deflation Watch:

Effective January 21st: New year, new price: US Postal Service making stamps more expensive in 2024. JWR’s Comment:  I can distinctly remember my father complaining when the price of U.S. Postage stamps jumped from 8 cents to 10 cents. Time and inflation, march on — relentlessly. Hint: Hedge, hedge, hedge.  Thank goodness for Forever postage stamps. They are a great hedge against inflation!

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Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled.

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Buenos Aires Times: Inflation accelerates in Argentina: 30% expected in December post-devaluation.

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Barron’s reports: US Inflation Should Return To 2% Range In 2024: Yellen.

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Bank of Canada’s Macklem expects inflation to be ‘close to’ 2-per-cent target by late 2024.

Forex & Cryptos:

Central Bank 2024 Outlook Preview.

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BRICS: 3 Reasons De-Dollarization Will Fast-Track in 2024.

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ING: G10 FX Outlook 2024: The dollar’s long goodbye.

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Traders Summit: 2024 Will Be the Year of FX Volatility!

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interview: Navigating FX Volatility in 2024: Policy Divergence, Hedging Strategies, The Role of Tech & AI.

Tangibles Investing:

US Home Prices Surged For 9th Straight Month In October, Led By Miami.

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GunMagWarehouse (one of our affiliate advertisers) is running a special on Magpul PMAG GEN 3 Windowed AR-15/M4 30-Round Magazines, for just $13.99 each. (Normally, they are priced at $17.99 each.) To find these, enter the SKU: MAG556-BLK in the GunMagWarehouse site’s search box. Stack them deep!

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!