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December 12, 2015 | Killing Canada’s Junior Markets

John Kaiser – Killing Canada’s Junior Markets.  Watch on YouTube.

December 8, 2015 | The End is Near, Part 6: Individual Investors Rediscover Individual Stocks

Since their introduction in 1993, exchange traded funds (ETFs) have become a huge hit with retail (that is, small individual) investors, for a very good reason: As “passive” funds that just match a given market or sector with minimal trading and extremely low fees, ETFs offer exposure to equities without requiring a lot of judgment. […]

December 8, 2015 | Bank of Canada Announces Tools Including -0.5 Interest Rates; Loonie Sinks to 2004 Low; Right Tool at the Right Time

The Canadian dollar, affectionately known as the loonie because of a loon on the one dollar coin, has crashed vs. the US dollar. US Dollar vs. Canadian Dollar Monthly   The USD vs. the Loonie is back to a high last seen in May of 2004. Tools Needed Isn’t a sinking currency supposed to help […]

December 8, 2015 | Three Key ‘Indices’ Point DOWN! What Does This Mean?

The Junk Bond index, the Baltic Dry index, and the MSCI emerging markets index ALL point down and suggest that a recession/depression is nigh! Finance professor, Edward Altman, of New York University says the Junk Bond index has jumped 5 points this year and will likely jump another 10 points in 2016. Altman was the […]

December 8, 2015 | Commodities Depend on the Currency

QUESTION: Mr. Armstrong, you said the decline in commodity prices will not reduce production but can actually accelerate output. How can this be? It does not make sense. ANSWER: Your perspective is too narrowly focused and solely dollar based. Because the commodities are declining in dollar terms with the dollar rising, in local currencies outside […]

December 7, 2015 | The Next Bear Market May Have Already Begun…

PARIS – We spent a pleasant weekend back in the old country – Ireland. It rained almost the whole time. But life in the pubs was bright and cheery. We are renovating a handsome, but derelict, old mansion in County Waterford on the southeast coast. It will be our new European headquarters. New headquarters in […]

December 7, 2015 | Cause & Effect

A day after this blog told you to even more wary of maple assets, oil and the Canuckistan economy, we got a fan full of misery. A barrel of crude hit thirty-seven bucks on Monday thanks to the OPECers and all their pumping. So the dollar crashed to an 11-year low of 73 cents and […]

December 7, 2015 | Is Your investment Personality Distinctly Comfortable?

One of the significant guidelines that I use in designing investment portfolios is the client’s investment personality. Let’s understand those personalities, also known as investor profiles, by summarizing the six I have adopted. 1.. Preservation These are investors with virtually no tolerance for unpredictability in annual returns. They generally invest in guaranteed interest vehicles, which […]

December 7, 2015 | Energy Price Deflation: Crude Dips 6% to 7-Year Low; Gasoline Below $1.50; Central Banks to Blame for What’s About to Happen

Perverse Central Bank Battle In the perverse central bank battle to defeat price deflation, the central banks are having a rough go of things. The price of West Texas Intermediate (WTI) light sweet crude is down 6 percent today to lows last seen late 2008 and January 2009. West Texas Crude Monthly   There has […]

December 6, 2015 | How Low Can A Pension Fund Go?

This is one of those stories that gets more amazing the further you dig into it. Seems that while Chicago descends into a very public, front page news bankruptcy, Kentucky is, dollar for dollar, screwing up even more badly: State pension funding level drops again, to 17 percent ( – The $16 billion Kentucky Retirement […]

December 6, 2015 | Strange Days

  Ken wrote me from his Vancouver Island RV park on Sunday. “There are now five different families in this small park that all worked in the oil fields in Alberta that are now laid off and living in their trailers,” he says. “All of them have skilled trades, yet not one of them can find any work […]

December 6, 2015 | Obama: ISIL Does Not Speak for Islam! Who Does?

Our President gave a good speech (rhetorically) on the issues of Terrorism and his plans for dealing with this reality (December 6, 2015). My personal sense is that this speech will not solve any of the real issues which have led to all the terror actions at various venues on our planet. The real issues are […]

December 6, 2015 | BIS Points Finger at Yellen, Draghi: Warns About “Unthinkably” Low Interest Rates, Bond Market “Dislocations”

In it latest quarterly report, the BIS (Bank of International Settlements), pointed a direct finger at Fed chair Janet Yellen with an even bigger point at ECB president Mario Draghi. Specifically, the BIS cited unthinkably low interest rates, bond market dislocations, and more taper tantrums in its Quarterly Review, December 2015, released today, Uneasy Calm […]

December 6, 2015 | Real Estate has Peaked

  The US real estate market has turned for the top end has peaked. Luxury homes for the top 5% are now off by 2%. In my personal search in Florida, I looked around for the past year. Some of the high-end homes they showed me on the beach were still on the market. One […]

December 5, 2015 | New ‘Concepts’ for my Gold/Silver Commentators to Consider!

I listen to King World News on a regular basis for gold/silver updates. Today, Eric Sprott was interviewed for some 30 – 40 minutes. Eric is a billionaire and is heavily invested in the gold and silver markets. His understanding and knowledge of the markets is extensive. He talked much about gold and the difference between […]

December 5, 2015 | Trump – the Next President?

Donald Trump has surged to 36% in the polls driving the political pundits crazy. After more than 30 years of dealing directly with politicians around the world, I must say one thing. Politicians NEVER will admit a mistake. No matter what, they will always follow a single course simply because they declared that direction from […]

December 5, 2015 | Another Obama Clean Energy Fiasco, Potentially Involving Largest Bankruptcy in Spanish History; Appeal of Clean Energy

On the clean energy front, team Obama keeps plugging away with failure after failure. This go around involves a clean energy company in Spain that increasingly appears as if it will become the largest bankruptcy in Spanish history. Sudden Insolvency Please consider Abengoa: Another Story Of Sudden Insolvency. Throughout this current year, 99 companies across […]

December 4, 2015 | The Predicament

  Terrie’s 31. Peter, 32. Young. In love. Skewered. “We came across your blog not too long ago, and this is our situation,” she tells me. “We make a combined income of 130 to 140 k, counting overtime, rent in Toronto and pay about 1,000 for 1 bdm. We just got married in July and […]

December 4, 2015 | Are ALL Men Really Created Equal?

WATERFORD – We are sitting at a restaurant next to Waterford harbor. This is where thousands of desperate emigrants assembled for the trip to America. But during the famine in Ireland and the Highland Clearances in Scotland, passage across the Atlantic was as likely to be a ticket to a watery grave as to a […]

December 4, 2015 | Trade Deficit Widens as US Exports Dip

Exports and imports are both down again this month. Exports decreased more so the result is a widening of the trade deficit. The Bloomberg Econoday Consensus was for a balance of -40.6 billion. The actual number was -43.9 billion, at the top end of the range of expectations. The nation’s trade deficit came in at […]

December 4, 2015 | Keynesian ‘Math’ – Today’s Money! About to ‘Crash’!

The day of reckoning is arriving on schedule. Soon our phony/fantasy stock markets will crash and burn (metaphorically and also within our metaphysical consciousness) as Keynesian ‘math’ is what we witness for today’s money. Think about what we all now use for our ‘money’ today. What do we use? Think digits, numbers, cyber units, bits, […]

December 3, 2015 | The Squeeze

  Now we know what’s coming. First, that storied interest rate increase is a done deal. This week the Fed did everything but Tweet that lift-off comes on December 16th. The labour report due out Friday morning would have to be an unmitigated disaster (100,000 new jobs or less) to halt this train. But nobody other […]

December 3, 2015 | The “Real Stuff” Economy Is Falling Apart

Each month one or two high-profile government reports show the US is growing, adding jobs and generally recovering from the Great Recession. But it’s not clear how that can be, when the part of the economy that makes and moves real things keeps shrinking. Here’s a chart, published recently by Zero Hedge, showing that US […]

December 3, 2015 | TRUTH – an Ongoing and Continual Jihad!

The better meaning for the word ‘Jihad’ is internal struggle. A struggle within myself and with my inner flaws and imperfections. The Jihad of outward violence towards unbelievers is a ‘false’ concept of Jihad IMO. Muslims need to differentiate between the violent form of Jihad and the correct interpretation which means an ‘internal’ struggle within […]

December 3, 2015 | Obama: “California Shooting Could be Terrorism”; Massive Weapons Arsenal Found; Suspects Radicalized in Trip to Pakistan

In Search of a Motive  Police are still searching for a motive in a Couple’s California Rampage that Killed 14. Authorities sought on Thursday to determine if a couple accused of killing 14 people in a mass shooting at a workplace holiday party in Southern California had links to Islamic militant groups abroad, U.S. officials […]

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