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June 30, 2018 | Update on the Rental Bubbles & Crashes in US Cities

Rents in Southern California go nuts. Bay Area & Seattle “mixed.” Chicago & Honolulu in free-fall. New York City sharply lower. Washington DC loses grip. But rents soar 10-15% in many markets. Median asking rent for one-bedroom apartments across the US rose 4% in June compared to a year ago, to $1,209. And for a […]

June 30, 2018 | Another Volcano Erupts in Indonesia

  We now have another volcano erupting in the Pacific. The second one happened in Indonesia. Mount Agung on the Indonesian island began to erupt on Thursday forcing evacuations. More than 400 flights had to be cancelled because planes cannot fly through volcanic eruptions. I have been warning that simply correlating all the data illustrates that […]

June 30, 2018 | Out of Sight, Out of Mind has Enabled Plastic Disaster

Being able to send trillions of tons of plastic waste out of sight, by shipping it to landfills in poorer countries, is an unsustainable disaster for our global environment.  Meanwhile companies producing the waste are extracting their profits free of any accountability for the massive public costs being inflicted. It’s good that China is no […]

June 30, 2018 | From Trade War to Hot War in One Easy Step

America is in a funk. Slipping into an economic and cultural morass and at risk of losing its footing on the global chessboard, American workers find themselves working more and making less money. How can this be? Flailing for an answer, they find it in the mouth of a politician who tells them he can […]

June 30, 2018 | Real Spending Flat in May, Revisions Lower April Income and Spending

Economists missed the mark badly. They expected a rise in real spending of 0.2%. Revisions make the miss even worse. The BEA ‘s Personal Income and Outlays report for May shows Real DPI increased 0.2 percent in May and Real PCE decreased less than 0.1 percent. The PCE price index increased 0.2 percent. Excluding food and energy, […]

June 30, 2018 | This Week in Money

June 29, 2018 | Puerto Rico Tax Breaks: Real, Huge, and Maybe Available for Just a Few More Years

It’s true. Some investors and business owners can dramatically—and legally—reduce their tax burdens by moving to Puerto Rico. I did. My net tax burden decreased by about 60% the year after I moved here. If you ever wondered why my company is Puerto Rican and based in San Juan, now you know. There are several […]

June 29, 2018 | Europe Still Dependent on Russian Natural Gas

Russia is the main supplier of natural gas to Germany and other parts of Europe. The largest Russian energy company, Gazprom, holds about 35% market share of natural gas imported into Europe in 2018. Will Germany and other European countries remain dependent on Russia for their natural gas supplies for decades to come? At a […]

June 29, 2018 | Welcome to Dollar Vertigo – China to Ban Dollar Borrowing

COMMENT: Mr. Armstrong, it seems that whatever you say our government follows. You said China should buy directly from the Treasury and not the New York bank and they did that right away. Now they are considering stopping dollar borrowing here in China as well. You should be holding a WEC here in Shanghai next. QLJ […]

June 29, 2018 | America’s Hidden War

POITOU, FRANCE – No big movement in the stock market yesterday. In politics, the Senate passed an $800 billion boondoggle for farmers. The feds promised to cover crop insurance costs and pay farmers if their harvests come in short. And Donald Trump ballyhooed a new factory lured to Wisconsin at a cost to the state […]

June 29, 2018 | Buy When They Cry, Sell When They Yell!

We have been pouring over the charts to find out what to expect over the rest of 2018 and our advanced predictive modeling tools are showing us a few key elements that all traders need to be aware of.  So, let’s get right to it. First, the NASDAQ has likely neared or reached its peak […]

June 29, 2018 | Huh?

There’s no 20% go-away foreign buyer’s tax in Washington States. No speculation tax punishing people from, say, California or New York who want to own a property there. Seattle, a bustling and growing city, has no empty houses tax forcing owners to become landlords. No luxury tax on high-end homes. No socialist state government, either. […]

June 29, 2018 | Emerging Market Weakness Spreading, not ‘Contained’

The Chinese stock market entered a bear market this week (-20% since January) and the yuan is down 5.5% versus the greenback since February.  A burgeoning trade war with the US is adding pressure, but the story here is not just about China.  It’s about slowing global cash flows and strain building in leveraged emerging […]

June 29, 2018 | EU Agrees on Refugee Camps in Africa: One Problem, Africa Doesn’t

A deal has been worked out at the last moment. Whether it satisfies CSU or is in accordance with rules is in debatable. Via translation from SZ, EU States Agree to Tighten Asylum Policy. After a 12-hour negotiation marathon, the member states agree to set up reception centers for boat refugees in the EU. Italy […]

June 29, 2018 | Will the Stock Markets Go Higher?

Where to safely park your money in a downturn

June 29, 2018 | American Manganese Well Received at Lithium Battery Conference in Las Vegas

CEO Discusses Encouraging Meetings with Asian Battery Manufacturers. See Bloomberg Article – “Where 3 Million Electric Vehicle Batteries Will Go When They Retire”. Read Fundamental Research Report on American Manganese. See AMY Business Plan. View the AMY Powerpoint. Questions?  Email Larry or Phone: 778.574.4444

June 29, 2018 | Aben Begins Drilling in BC’s Golden Triangle

Focus on High Grade Boundary North Discovery. Read the Latest News. View Corporate Presentation. Questions?  Email Jim or call 604.687.3376

June 28, 2018 | While Others Take Vacation, I’m Preparing to Take Profits

There is a well-known pattern of lower market volume and less corporate activity during the Northern Hemisphere’s summer. So many European and North American families take their vacations over the summer, it pulls many brokers, bankers, company executives, and investors away from the markets for days or weeks at a time. The reduced news flow […]

June 28, 2018 | Canadian Dollar Event Risk – June 27th

Bank of Canada governor Stephen Poloz is giving a speech this afternoon (12:15pt) titled “Let Me Be Clear: From Transparency to Trust and Understanding” that will be scrutinized closely for any hints as to what the Bank of Canada will do with rates at its next meeting on July 11th. It will be so closely watched […]

June 28, 2018 | USD/CAD Daily: Maybe a Corrective Top in Place? Gold Correlation?

USD/CAD Daily – Corrective top may be in place…(and gold correlation) 28 June 2018/9:01 a.m. ET The corrective top labeled Wave A may be in place for USD/CAD.  Near-term support at 1.3256 with scope back to at least 1.2900 level if this A Wave is complete.  Gold price action may help, as the two have […]

June 28, 2018 | Significant Change in Trends Developing!

Today’s Wall Street Journal had a series of articles which point to significant change developing. Let’s look at a few of these changes and why our markets will likely slow in the coming weeks and months. Globalization is starting to reverse. Companies like Harley Davidson are moving some production out of the USA. This is happening […]

June 28, 2018 | Getting Sentimental

Stocks will be on their own Friday, since June consumer sentiment numbers due out are unlikely to cause even a ripple on Wall Street. The data represent a survey of 600 households, and the results usually correlate with consumer spending.  Most of us are already feeling the pinch by the time these indicators hint of […]

June 28, 2018 | Do You Live Next to One of These Spy Hubs?

POITOU, FRANCE – The corks popped last night all over the Washington, D.C. metropolitan area. Architects anticipated grander and gaudier new assignments. Lawyers eyed their new vacation homes on the Delaware coast. The movers and shakers celebrated another victory… …and stocks sold off.     Season of the Swamp Our guess – still just a […]

June 28, 2018 | Good News for Consumers and Bad News for Investors

Good news for consumers:  a tsunami of used cars coming off lease are continuing to put downward pressure on auto prices, which are on track to decline 20% this year alone. Record vehicle inventories, along with heavily indebted consumers, and the rise of ride hailing and sharing services, all suggest lower prices are unlikely to […]

June 28, 2018 | No Pants

When the US real estate blew up a bunch of the blame was heaped upon lax lenders and, of course, their idiot clients. Lots of people borrowed more than they could ever repay, banking on ever-higher house prices to save their butts and make them rich. It worked for a while. Then disaster. One fav […]

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