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May 29, 2018 | Update on the Most Splendid Housing Bubbles in America

Some beautiful spikes too. Prices of houses and condos across the US surged 6.5% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for March, released today. The index is now 7.8% above the crazy peak of “Housing Bubble 1” in July 2006 just before it all came […]

May 29, 2018 | Illinois Pension Benefits, Other Promises, and Insolvency

Let’s take a momentary reprieve from Italian insolvency to discuss the sorry state of affairs in Illinois. WirePoints asks: Will Illinois budget negotiations reverse the 10 trends dragging Illinois toward insolvency, or simply perpetuate them? This a guest post from WirePoints. I will skip the blockquotes and instead note the end of the article. By […]

May 29, 2018 | Housing Bubble Pathologies Start to Bite – Yet Another Sign the Cycle Has Peaked

The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having bought, home seekers have to pay up, but not too much, and fully expect their new home to keep appreciating. People with modest incomes feel a bit of pinch but […]

May 29, 2018 | Health Canada Ignoring Radiation Risks

  • Sharon Noble – Smart Meter fires continue, still no government action

May 29, 2018 | Gold, Oil, Uranium, and Marijuana

European Banking Crisis and Geopolitics

May 29, 2018 | Chasing the Ribbon in Pilbara

Is Bluebird’s Cobalt egg big enough?

May 29, 2018 | Martin Mars Now “History”

May 29, 2018 | North Korea Summit, Pedophiles, GDPR, and Volcano

May 28, 2018 | Prepared For The Next Leg In The US Equity Markets?

Ever since the deep price rotation in late January/early February 2018, many analysts have attempted to pinpoint the next moves in the markets.  We recall reading the “doom and gloom” reports telling traders this is the big one and to prepare for a much lower price breakdown.  We also read a few research posts that […]

May 28, 2018 | Day One Brings Complaints in Europe Against Google & Facebook

  It took only one day for complaints to be filed against Google and Facebook under the new General Data Protection Regulation (GDPR). When Mark Zuckerberg testified in front of members of the European Parliament, he insisted that Facebook was ready for Friday the 25th when the GDPR, which is the European Union’s new strict data […]

May 28, 2018 | Trading Desk Notes – May 26th

EUR/USD has dropped from over 1.25 to below 1.17 (~7%) in the last 9 weeks…closing this week at 7 month lows as political/economic developments in Italy herald a potentially existential crisis for Europe as “contagion” fears start to creep into the market. The EUR/USD 1.25 Inflection Point on Feb 16/18 came after the Euro had rallied against the USD for 15 […]

May 28, 2018 | Dow Looks Primed to Lay an Egg

Without going too deeply into the technical details, I’ll mention that the Dow Industrials look primed to lay an egg in the days ahead, if not for significantly longer. The ABC-type trade set-up shown in the chart usually works as a kind of bullish springboard, but the fact that buyers couldn’t make hay with it […]

May 28, 2018 | Insatiable

Lost in the fog of taxes, ageism, generational warfare, eat-the-rich, house lust and moister-bashing is the reality of debt. If we should all worry about one thing (other than drowning polar bears and who the hell mows Kim Jung Un’s hair) it would be this. Debt accumulation has the potential to wreck families and governments. […]

May 28, 2018 | Hello Treasury Bears: About That 3.0% Treasury Yield Line in the Sand

According to numerous treasury bears, yields would soar out of control once the 3.0% threshold broke. Well? Here are some amusing predictions. ​ No Such Thing As Lines in the Sand Note to Bill Gross, MarketWatch, the Edelson Institute, the Financial Times, Jeffrey Gundlach, Heritage Capital, and numerous other forecasters not caught up in that […]

May 28, 2018 | A Spiking Dollar = Emerging Market Chaos

The dollar collapse thesis – which ends with all fiat currencies achieving their intrinsic value of zero — doesn’t preclude some thrills and chills along the way, in which some currencies fall faster than others and wreak havoc on various parts of the global economy. This might be one of those times, as instability in […]

May 28, 2018 | Over 1 Million Canadian Homeowners Underwater

Does Ontario’s housing market trigger recession?

May 27, 2018 | Does Religion Also Decline with the Confidence in Government?

    As we head into the end of this Economic Confidence Model Wave in 2032.95, there are many trends in motions. One of those trends is the decline in religious beliefs and the preparation for a change that historically comes with such monumental economic shifts. A signal of this is how the Irish voters overwhelmingly backed […]

May 27, 2018 | Kilauea: 4 Major Explosions Send Ash, Vog 15K Ft High, Power Plant Questionable

A geothermal plant has never been engulfed by lava. We are on the verge of discovering the risks. The Huffington Post reports New Lava Flow Encroaches Onto Power Station Property On Hawaii’s Big Island. Encroachment on the property started several days ago, and dozens of nearby homes have been destroyed, but the big question is “what’s […]

May 27, 2018 | The Gap

Sunday afternoon. The uppity part of town. Two provincial politicians, opposites, face a daunting crowd to debate a polarizing issue. To wit – should some people pay extra tax because they own more, regardless of what they paid, or earn? In BC, and especially Vancouver’s Westside, this is burning issue of fairness. The people who […]

May 27, 2018 | The Next Populist Political Issue Emerges: CEO Pay

It’s always been understood that corporate executives make a lot more than rank-and-file workers. But the gap between top and bottom was hard to calculate, and therefore hard to turn into media sound bites, so it didn’t play much of a role in the US political process. But this year, for the first time, corporations […]

May 27, 2018 | High Yield Train Wreck

My still-unfolding Train Wreck series is getting a lot of attention. It’s not exactly good news, but people at least appreciate the warnings. Thanks to all who sent thought-provoking comments. I always consider them carefully. A few readers characterized the crisis I foresee as being a repeat of the 2008 fiasco. That’s partly right, in […]

May 26, 2018 | What Should I Do About Gold, Dividends and More?

Martin asked subscribers for their views, hopes and fears. And many of you wrote in. Some of those questions seem better suited to me. So, I thought I would field them here. And it gives me a chance to answer questions on gold, dividends, and more. Colby N. writes … I have a membership in Supercycle […]

May 26, 2018 | Is This the Next Big Retailer to Melt Down? Its Bonds Crashed

The PE-firm-owned brick-and-mortar retailer grapples with its fate. PetSmart, the largest brick-and-mortar pet supply and services retailer in the US and Canada, with 55,000 employees, 1,600 big-box stores, 200 pet boarding facilities, and $8.7 billion in revenues in fiscal 2017, has a little problem: $8.1 billion in debt. And you guessed it: Half of this […]

May 26, 2018 | When is the Next Megathrust Earthquake Due?

QUESTION: Dear Mr. Armstrong, What do you make of the risk from the Cascadia Subduction Zone, where two major plates are stuck? Scientists ‘predict’ a major earthquake up to 9.2 on the Richter-scale and the following tsunami, that could level Seattle and other cities in the Northwest. A major earthquake – that occurs there every […]

May 26, 2018 | Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work

California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008. These funds, or some of them, could be transferred to an infrastructure bank that generated credit for the state – […]

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