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August 31, 2018 | NAFTA Threats Put Canada on the Spot

The U.S. administration has threatened Canada, again, over NAFTA. By negotiating directly with Mexico, the U.S. put pressure on Canada to agree to a new trade agreement. Since NAFTA is a three-way agreement there is no chance that NAFTA can be amended without Canadian approval. And yet, the U.S. President continues to push ahead with […]

August 31, 2018 | Weak Currencies – Blame the Central Banks!

All currencies are compared to our U.S. dollar! What is happening to many national currencies as Fed policies increase U.S. interest rates? Today’s Wall Street Journal had a couple of articles on currencies which are weak and getting weaker relative to our dollar. The Argentine currency has lost some 108.2% of its value relative to […]

August 31, 2018 | Alleged Plot by Italy and Hungary to Sink the EU

Most conspiracy theories are bunk. Here’s an interesting one from a reliable source. Viktor Orban and Matteo Salvini Strive to Forge New European Anti-Migrant Alliance Deutsche Welle reports Viktor Orban and Matteo Salvini Strive to Forge New European Anti-Migrant Alliance Hungarian Prime Minister Viktor Orban and Italian Interior Minister Matteo Salvini made no secret of their […]

August 31, 2018 | The Pups

It’s probably fake news, but worth noting. As the final weekend of the summer unfolded a new survey commissioned by a major, shameless, house-pumping, propagandistic marketing org that shall remain nameless (Re/Max), confirms a sad fact. The children are now infected. We’re talking Gen Z here – the 18-to-24 crowd – still years away from […]

August 31, 2018 | Concert in a Dying Town…

POITOU, FRANCE – So passeth the last days of summer… The sun sinks lower every day. We put things away. We close the shutters. And the cool night drafts seep in through the cracks. Stones Whisper Yesterday, we went to a concert in Montmorillon. The town sits on the river Gartempe, as it has for […]

August 31, 2018 | The US Share Market Reality Exposed

The US share markets are being driven up by two main factors. First, institutions have sold the market assuming there would be a major crash. In February at the lows, Goldman Sachs was forecasting that the market could plunge another 25%. In May, Goldman Sachs again was warning that the next crash will be worse because […]

August 31, 2018 | Gold, Gold Stocks, and the US Dollar

Oil, Oil Tankers, and the Yield Curve

August 31, 2018 | AMY Shows Strength in the Market All Week

CEO Mulling Formula for Cathode Scraps Market. Watch “Larry Reaugh interview with Proactive Investors’ Steve Darling“. See IDTechEx Article “Lithium-ion Battery Cathode Scraps Recycling“. See Reuters Article “Chinese Battery Makers Can Win EV Recycling Race“. See  AMY Business Plan. View  AMY Powerpoint. Questions?  Email Larry or Phone: 778.574.4444

August 30, 2018 | Ford’s Bonds Crushed on Moody’s Downgrade to One Notch Above Junk

Ford bonds are down 4% after being downgraded to one step above junk. Moody’s outlook is negative. Yesterday, the Detroit Free Press reported Ford Investment Rating Cut to One Notch Above Junk. The Moody’s analysis said it “reflects the erosion in the company’s global business position and the challenges it will face implementing its Fitness Redesign […]

August 30, 2018 | More Debt Won’t Make America Great Again

POITOU, FRANCE – Yesterday’s headline news, from Reuters: U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years, as businesses boosted spending on software and imports declined. Gross domestic product increased at a 4.2 percent annualized rate, the Commerce Department said on Wednesday […]

August 30, 2018 | Tough Love for Bullion Bulls

My latest gold tout amounts to tough love for bullion bulls, since there’s no point wallowing in disappointment when the technical picture is as yucky as it is now. Subscribers know that I can turn on a dime if changing conditions warrant it, but I’ve set the bar higher and higher to avoid getting sucked […]

August 30, 2018 | More Emerging Market Chaos – How Long Before It Spreads To The Developed World

Emerging market chaos is now front page news. Let’s start with Argentina, where the peso has resumed its plunge: In response: Argentina Central Bank hikes interest rate to 60 percent (AP) — Argentina’s Central Bank has increased its benchmark interest rate to 60 percent in efforts to halt a sharp slide in the value of […]

August 30, 2018 | The Rumors are that Turkey Will Default

The rumors running around is that Turkey will default as Erdogan decides to move to align with Iran and Russia and leave the West behind. While there have been speculative attacks on the Turkish economy and US tariffs and sanctions have been detrimental, the initial causes of this growing monetary problem are really all internal. Erdogan’s management of […]

August 30, 2018 | Trump Says No to European Free Trade Deal on Autos

US Fed branches vary widely on economic predictions

August 30, 2018 | Kinder Morgan Pipeline Trouble Keeps Piling Up

  • Bob Mackin – Alarming wave of vacant home fires in Vancouver

August 30, 2018 | US Dollar, Canadian Dollar, and Mining Stocks

Gold, Silver, and Oil

August 30, 2018 | Canada and BC Make It Tough To Do Business

  • Jordan Bateman – BC Court challenge to Union only rule for major projects

August 30, 2018 | Canada’s Economic Vulnerability to Real Estate Boom and Busts

Why Canadians pay so much attention to US business

August 29, 2018 | It’s All About Plumbing…

I may be about to anger a bunch of geologists, but I’m going to try to boil all of economic geology down to a few critical points. The goal is to help non-geologists sort through the geo-jargon so they can have a clearer idea of what’s being said. Even a basic grasp of how deposits […]

August 29, 2018 | Global News and Interpretations!

Events change but our markets are now mostly elevated to levels which seem like a bubble to me. I talked to an investor today who says he is shocked that our markets continue to go up with no sign of a correction. His view was that the markets should have corrected three years prior to today. […]

August 29, 2018 | Kiwi Concerns…

Quotable “For things to reveal themselves to us, we need to be ready to abandon our views about them.” – Thích Nhat Hanh  Commentary & Analysis Kiwi Concerns…  ·         Premise: If key correlations, albeit loose, but not likely spurious, remain intact, and we finally get a nasty correction lower in global stocks, the New Zealand […]

August 29, 2018 | Preparing for THE Bottom in Gold: Part 7 – Buy-and-Hold on Steroids

All investors start their adventure in the capital markets with dreams of immediate wealth, luxurious cars, yachts, holidays in five-star hotels and making all the people around happy in a million ways. Virtually all investors have to lose a lot of money before they learn hubris and realistic expectations. Some give up investing completely, others […]

August 29, 2018 | Pre-Tax Corporate Profits Rise 0.2%, After-Tax Corporate Profits Rise 6.7%

The Trump Tax cuts strongly came into play in today’s GDP update which includes corporate profits. The BEA’s Second GDP Estimate for the second quarter shows a slight upward revision in GDP from 4.1% to 4.2%, seasonally-adjusted annualized. In the second estimate, the BEA also releases its first (preliminary) take on corporate profits for the the quarter. […]

August 29, 2018 | Consumers, Like Investors, Are Giddy with Confidence

With the stock market near record highs, consumer confidence leaped in August to its highest level since 2000. Arguably, Americans haven’t been this giddy since August 1929, when shares peaked ahead of the 1929 crash.  What could possibly go wrong? Shoppers in particular have been feeling so exuberant that they’ve been doing some of their […]

August 29, 2018 | How Real Estate Inflates and Deflates the Canadian Eeconomy

What rises on record credit and speculation, also deflates as those same forces mean revert. This clip is a good summary of how real estate has inflated the Canadian economy the past decade.  ‘Hoping it won’t’ cause economic drag as tides turn, is not a rational strategy. Here is a direct video link.

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