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November 30, 2017 | We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere

A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the debts keep rising. This time around the timing is especially notable, since eight years of global growth ought to be producing tax revenues sufficient […]

November 30, 2017 | Here’s How Mr. Market Might Set Up the Kill Shot

The last thing serious investors should want is for a bull market to become, as this one has…thrilling.  We’re at that threshold now, with the broad averages rising so steeply that even the most bullish story Wall Street can spin conspicuously fails to explain it, let alone justify the hubris. Institutional investors must be starting […]

November 30, 2017 | The Metal Leading the Next Rally

Energy metals were on a wild tear until September. Then they flattened out. But now they’re perking up again, and cobalt is leading the way. Heck, cobalt just broke out to a five-year high! Looking at this chart, you can see that cobalt is up a stunning 190% since January 2016. That’s head and shoulders […]

November 30, 2017 | Syndicated Mortgages are No Safe Bet

Investments in syndicated mortgages and related securities have been heavily sold to yield-hungry savers and retirees the past few years, especially as our world-famous realty bubble has billowed in Canada. Advertising yields of 7 and 8%+– in a world where GICs and government bonds are paying 1-3%–many who can ill-afford the risk of loss have […]

November 30, 2017 | High-End Real Estate Starting to Enter Crash Mode

The high-end market in Connecticut is starting to decline. The hedge fund manager Stanley Druckenmiller bought his estate in 2004 for $23 million. He had it on the market for $31.5 million. The best offer he got was $25 million. He took the money and ran. Smart move! With a real estate tax of about $154,000 annually, looks […]

November 30, 2017 | Why Are the Homes of the Elite So Ugly?

BALTIMORE – Yesterday, we saw the soul of America. We drove by a house so imposing… so monstrously ugly… so laughably pretentious that we almost drove off the road staring at it. On a suburban lot, it was as though it had fallen off the delivery truck and rolled into place, with no thought as […]

November 30, 2017 | The Bitbrains

Do not buy Bitcoin. No matter how easy it is. How powerful the pull of greed. How seductive the effortless, unearned gains. This will not end well. On Thursday morning as Bitcoin traded at $9,201 (about twelve hours after being worth $11,500) the exchange Coinbase was offering BTC at $12,037 in beaver bucks. All it […]

November 30, 2017 | Capital Repositioning Driving Volatility Higher

Recent moves in the FANG stocks shows that capital is starting to reposition within the global market.  As the end of the year approaches, expect more of this type of capital control to drive greater volatility within the markets.  At this time of year, especially after such a fantastic bullish run, it is not uncommon […]

November 30, 2017 | Today’s Financial System – Visualized!

Today, we live with some 60 electronic stock exchanges on our planet. All are interconnected and most operate 24/7. We have 16 exchanges with capitalization over one trillion. Overall, the global capitalization is approximately $75 trillion (in digital currencies). The largest is the NY Stock Exchange with some $18 trillion in digital capitalization. Our world […]

November 30, 2017 | Tax Bill Adds $1 Trillion to Deficit (Without Cutting Taxes for Most)

Nonpartisan analysis, from several places, shows the Senate tax bill will all $1 trillion to the deficit. What’s next? The stock market surged today on news that Senator John McCain would vote for the tax package. As it stands, however, the bill does not remotely come close to passing budget rules. Automatic tax hike triggers […]

November 30, 2017 | Bitcoin, Interest Rates, and US Dollar

Stock Markets, Crude Oil, and Canadian Dollar

November 30, 2017 | Black Friday, Sex, Hillary, and UraniumGate

November 30, 2017 | Site C Dam – Keep It or Damn It?

  • Norm Farrell –   BC well placed for alternative energy sources?

November 30, 2017 | US Tax Reform Likely to Pass, But…

US Fed might do another rate hike, but ….

November 30, 2017 | Bitcoin Setting Up a Trading Pattern

Why is Bitcoin so popular?

November 29, 2017 | AI v Self-Aware

  QUESTION: Mr. Armstrong; I heard you will be the keynote speaker at the Hack-Miami Programmer’s conference in 2018. Can I ask a question given your expertise in AI. What is your opinion of Sophia? Is this really AI warranting that she was granted citizenship in Saudi Arabia? See you in Miami HPK ANSWER: Sophia is a […]

November 29, 2017 | Sacrificing the Economy to Advance Class-Action Climate Lawsuits a Terrible Idea

An academic calling for class-action lawsuits against Canadian energy companies is ignoring the obvious fact that, ultimately, it’s always the consumer who pays. That’s you, writes Kim Lonsdale.   According to the Victoria Times Colonist newspaper, UBC international law professor Michael Byers suggested at a recent Victoria Forum event that Canadian courts should pursue fossil-fuel companies […]

November 29, 2017 | A FAANG Correction Worthy of the Name?

I’ve allowed a little more leeway than usual for this correction in the lunatic/FAANG stocks.  AMZN in particular was long overdue for a comeuppance. If this is it, we might expect the stock to fall a further 136 points, or 12%, to the green line shown in the chart. More likely is that it won’t […]

November 29, 2017 | Canada’s Electric Car Problem/Opportunity

Oil, pipelines and ICE engines are on their way out, while electric cars and renewable energy are entering a global boom period. What old tech is taking away from our economy, new tech can give back, but Canada needs to shift gears quickly.  See, Out of juice: Canada’s electric car problem: The global shift to electric […]

November 29, 2017 | Updates

First an update on Bitcoin. It was dangling below the $10,000 US mark when this blog last strayed into the morass of cryptocurrencies (Monday night). Well, on Tuesday it smashed that barrier, then roared ahead to $11,500 yesterday making geniuses of all the blog dogs who bought hours earlier. Then it crashed, losing 20% of […]

November 29, 2017 | “The Money is Just Sitting There…Doing Nothing for Society”

Of all the disturbing side-effects of modern monetary policy, the worst might be way artificially-low interest rates encourage small savers to take outsize risks. Now governments are starting to insist: How Denmark Is Trying to Get Savers to Invest in Risky Assets (Bloomberg) – In the country with the longest history of negative interest rates, […]

November 29, 2017 | Gold Being Odd and USD Being Tricky

Every now and then we see some kind of anomaly on the precious metals market. Sometimes it’s particularly useful and sometimes it’s just something random. Yesterday was one of those days when something didn’t seem right. The USD Index rallied, silver declined, mining stocks declined and yet, gold closed the session higher. What can we […]

November 29, 2017 | China’s Growth Miracle Runs Out of Steam: Views From Pettis, Blackrock

Michael Pettis at China Financial Markets says, “China’s growth is running out of Steam.” Blackrock brushes off concern. On October 20, Blackrock global chief investment strategist, Richard Turnill, explained What cooling growth in China means for investors. “We see China’s growth rate slowing only to still-solid and more sustainable levels. The implications for investors? Growth […]

November 29, 2017 | BC Hydro Costing Smart Meter Users $24 Million a Year?

  • Sharon Noble – Are BC Hydro tests missing Smart Meter flaws?

November 29, 2017 | Should BC Do More to Encourage Natural Gas Powered Vehicles? 

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