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February 27, 2017 | It’s Crash Awareness Week

BALTIMORE – Here’s an opportunity for you, dear reader… A Los Angeles spec house is on the market. It has seven bedrooms and 20,000 square feet of living space. It comes with a gold Lamborghini Aventador and a gold Rolls-Royce Dawn. You also get a wine cellar, a pool, and the usual claptrap amenities to […]

February 27, 2017 | Ratcheting Price Action Perfect for Shredding Bears, Trapping Bulls

The broad averages have routinely been ratcheting higher even when there is little buying enthusiasm evident. This is the kind of price action that shreds bears and traps bulls, and that’s why we should be on our guard even though I have somewhat higher targets outstanding for several key trading vehicles.  Amazon is one of […]

February 27, 2017 | Financial Crisis Resurfacing as Global Deficits and Debts Explode

Since 2008, all over the world, banks have been given constant injections of ‘free’ money from governments (taxpayers) which they then place on deposit with central banks to collect interest for doing nothing.  They have used the ‘liquidity’ to pay legal fees and fines for their ongoing illegal actions, and to speculate and drive up […]

February 27, 2017 | Pending Home Sales Unexpectedly Dive: NAR Blames Tight Supply

Fresh on the heels of a glowing existing homes sales report comes news of an unexpected plunge in pending home sales. Economists in the Econoday survey expected a 1.1% increase. Instead, the pending home sales index plunged 2.8%. Just when existing home sales seemed to be showing lift the pending home sales index, which tracks […]

February 26, 2017 | Last Call

Try to stay awake. This post is about RRSPs. And this week is your last chance. Hopefully you already know a contribution has to be made by Wednesday to apply to your 2016 taxes. Up to 18% of what you earned, to a max of $25,370, can be chunked in then deducted from taxable income. […]

February 26, 2017 | When AMZN Coughs…

Our key stock-market bellwether, AMZN, has stalled just shy of an important target at $875, implying that the broad averages are likely to sputter and wheeze in the days ahead unless Amazon shares turn sharply higher. The target remain valid, but the stock could fall a further $50, to around $790, before regaining its footing.  […]

February 26, 2017 | Inner/Outer, Mind/Matter, Imagination/Things!

Back in the late 70’s I learned about the psychology of effective communication during a valuation seminar in Chicago, Illinois. The speaker/psychologist stressed that ‘words’ can refer to both ‘things’ and ‘results’. Things are what we all observe within nature. Results emerge from our life experiences. Words like happiness, success, joy, sadness, progress, etc. are […]

February 26, 2017 | China Seeks Baby Boom Ponzi Scheme

China now encourages childbearing to keep the economy humming and to stave off a demographic decline. Will a new baby boom do the trick? Please consider China Seeks Baby Boom to Counter Low Birth Rates. Chinese authorities are looking at ways to encourage people to have more children, less than 18 months after dropping the […]

February 26, 2017 | The President Gets His False Flag Briefing

Greetings, Mr. President. Thank you for taking the time to see me today. I understand your time is valuable, so let me get to the point: You thought that whole selection charade made you “the leader of the free world,” didn’t you? Like you were now in charge of the country and you could do […]

February 25, 2017 | The U.S. Is in Real Trouble

Editor’s Note: This weekend, we’re sharing a must-read essay from Bill’s old friend and legendary investor Doug Casey. In short, Doug believes this is the worst crisis any country has seen in the last half-century… And he explains why every American should be concerned. “Making the chicken run” is what Rhodesians used to say about […]

February 25, 2017 | Is it Safe to Store Gold in a Safe Deposit Box?

QUESTION:  Martin, Love your blog, especially your historical perspective. You recently responded to a viewer that we should take precious metals out of safety deposit boxes. Is there a reason for this? To my understanding the bail-in rules for banks in N.america put deposits and bonds at risk only? Thanks.   ANSWER:  The contents of […]

February 25, 2017 | Nightmare on Main Street: average Canadian Home Price Now $590k

As Toronto speculators gobble up supply, some industry ‘players’ are calling on government to remove part of the Ontario Greenbelt to free up more land. This is a nightmare on pretty much every level.  (Also see:  Millennials may never get out of their parents’ homes). Supply is not the problem. Once prices mean revert, the […]

February 25, 2017 | Dutch Parliament to Debate Leaving the Eurozone: Nexit on the Way?

Potential Eurozone disruption possibilities keep compounding. The Netherlands Parliament will now debate leaving the Eurozone. For example, the Netherlands Parliament will now debate leaving the Eurozone. In long-winded wording for a potential “Nexit”, Reuters reports Dutch relations with euro up for debate after lawmakers commission probe The Netherlands’ future relationship with the euro will be comprehensively […]

February 24, 2017 | Why Saving Sucks

Poor, sodden, misguided savers. Your nation had bad news for you Friday. The current inflation rate has bloated to 2.1%, thanks to higher energy costs – mostly gas. For many working people, as well as risk-averse savers, this is a disaster. In fact Stats Can has told us wages in many low-end occupations are now […]

February 24, 2017 | Why the 21st Century Sucks

BALTIMORE – What an awful century! Worst we’ve ever seen. Household incomes are down. Employment is down, with 7 million people in the U.S. of working age without jobs. Productivity growth is down. GDP growth is down – to only about 0.5% per capita last year. Even life expectancies are down. Drug overdoses are up. […]

February 24, 2017 | Ready for a Housing ‘Surprise’?

Genuinely meaningful economic data from mainstream news sources is as rare as a transparent pronouncement from the wizards and charlatans at the Fed. Friday will provide an exception, however, since very meaningful new-home-sales figures for January are slated for release. The consensus expects a strong rebound from December’s miserable 536,000 (annualized); a 7.5% increase to […]

February 24, 2017 | Stark Truth About Financial Risk: Individuals are ‘Too Little to Save’

As self-absorbed, myopic bankers have destroyed the global financial system, they have co-opted the public purse and urged the rest of us to buy more risk in the hopes of breaking even. What these risk sellers don’t acknowledge however, is that unlike them, we the people, will not be rescued from the fruits of reckless […]

February 24, 2017 | New Home Sales Rise Half of Economists’ Expectations, Supply Surges

New homes sales hit the skids in December, down 10.4 percent. December numbers were revised slightly lower today. The ever optimistic economists in the Econoday survey expected a huge rebound in new home sales in January from 535,000 units to 576,000 units SAAR (seasonally adjusted annualized rate). Instead of the expected 41,000 increase in units, sales rose by […]

February 24, 2017 | Gold-Futures Buying Yet to Start

Gold has powered higher in a strong new upleg since the Fed’s mid-December rate hike. But the core group of traders who usually fuel early-upleg gains has been missing in action in recent months. The gold-futures speculators have not done any meaningful buying since gold bottomed. This anomaly is a very-bullish omen for gold. Since […]

February 23, 2017 | Parabolic

Spring, 2017. Ah, rutting season. The saps are flowing. Molting and moaning everywhere. Twenty-one degrees in the Big Smoke. Warm zephyrs virtually coast-to-coast. House lust is on the rise along with the temps and the collective anxiety of our leaders. And the next two or three months may prove to be critical times for you […]

February 23, 2017 | ‘Fed Up’: Quote of the Week

This quote of the week is from the new book by former analyst at the Federal Reserve Bank of Dallas, Danielle DiMartino Booth, “Fed Up: An insider’s take on why the Federal Reserve is bad for America (2017).   It sums reality very well.  The time to devise a plan is before the next crisis swamps asset […]

February 23, 2017 | Canada to Fingerprint Anyone who Owes Them Money

The Canada Revenue Agency (CRA) has begun to record the fingerprints of every person charged (not yet convicted) with tax evasion. This is a move that could deny them the ability to travel to the United States. If they have a criminal tax offence that is even charged, they could not travel to the USA. […]

February 23, 2017 | America’s Druggy Stupor

BALTIMORE – The Dow, the S&P 500, and the Nasdaq remain near record highs… and are up about 10% since Election Day. Fed officials say they could raise interest rates “fairly soon.” Blah… blah… blah… Learning Machine Remember, the economy is a learning machine. So is a person. We’re not talking about the kind of […]

February 23, 2017 | Imaginary $$$ Can ‘Elevate’ Markets (Indefinitely)?

In theory, our money units today can increase our index markets (essentially) forever! Think about our situation today. ‘Numbers’ are our money today and ‘numbers’ are units of our imagination (pure mental abstractions derived from our inner being). This means that (in theory) banks and our monetary administrators (our central banks) can elevate (increase) these ‘numbers’ […]

February 23, 2017 | Rate Hike Cycles vs. the US Dollar: Rate Hikes Bad for Gold?

Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other. the above image from the New York Times article A History of Fed Leaders and Interest Rates. Here’s an alternative view courtesy of @HedgeEye. Let’s take the fist chart […]

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