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February 28, 2019 | 4th Quarter GDP On High End of Expectations at 2.6%

  The BEA combined the advance and second estimate into an “initial” report. Some data items were missing. Based on incomplete data, the BEA reports the Initial Estimate of 4th-Quarter GDP at 2.6%. Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2018, according to the “initial” estimate […]

February 28, 2019 | Our Future: Universal Digital Identification! And More!

Our world is going digital and this will change everything in time. The next five years are crucial for all these new technologies to emerge.   There are good results to be expected as our world goes digital. All is not negative. Artificial Intelligence, robots, automated production, driverless cars and trucks, remote surgery, etc. are […]

February 28, 2019 | Rising from the Swamp

Public hearings into political scandal in Canada and the US this week shine light on our common disease: The sponsorship and influence of governments and regulators by self-serving interests have become defeating of fundamental tenets like democracy, the rule of law, ethics, fairness, free markets, competition and even capitalism. No political party is superior to […]

February 28, 2019 | All Ears

Whadda week. This blog would like to deviate from the usual financial and housing swill to wade into the political slop. After all, it’s an election year in Canada (and Alberta) and already Americans are obsessing over the 2020 presidential contest. The news has been thick in the last few days. What has happened since […]

February 28, 2019 | Remember, The Fed Hasn’t Actually Done Anything Yet

When the financial markets got, um, choppy towards the end of 2018, the Fed caved almost instantly. But only rhetorically. Fed chair Powell promised to stop raising interest rates and shrinking the money supply, and the financial markets, trained to salivate at the sound of Fed happy talk, immediately morphed from “risk-off” to “risk-on.” Stocks […]

February 28, 2019 | Who is Telling the Truth: Jody Wilson-Raybould or Justin Trudeau?

February 28, 2019 | SNC Hearings: Quebec Jobs More Important Than Alberta’s

Marijuana stocks are in a very risky stage

February 27, 2019 | Warren Buffett Loses Billions

QUESTION: It is no secret that you went head to head against Warren Buffett in his silver manipulation. He is having a very bad year with his buy and hold value strategy. It looks like without making billions on the side manipulation of commodities, he is no better a fund manager than anyone else. Care to […]

February 27, 2019 | Suspicious Strength in the Miners: More Signs Emerging

Just like it was the case on Monday, gold and silver haven’t done much yesterday either, but we saw some interesting action in the miners – they formed a bullish reversal after testing the rising support line. The performance of the USD Index provides us with clues as well. It declined and this should have […]

February 27, 2019 | If You Like Oil Short Here – You Should Probably Like USD/CAD Long…

Below is USD/CAD daily (black bars) versus WTI crude futures (price inverted red line so you can better visualize the ongoing tight correlation between the two price series. If oil breaks down here (red line moves higher), this correlation indicates $-CAD is likely to follow.

February 27, 2019 | An Excellent Way to Add Zeros to Your Portfolio

The following is a message my friend and mentor Doug Casey published to his readers at It’s full of things I’d be embarrassed to say about myself, but Doug said them, and stands by them. Given that Doug and I could now be seen as competitors, I thought it worth sharing his independent take […]

February 27, 2019 | The Truth About the International Criminal Court

As a well-known adage holds: “To the victor go the spoils.” But it might well add: “And the losers go to the gallows.” This is the logic of victor’s justice. It is the logic of the Treaty of Versailles, which demanded un-payable reparations from the vanquished German nation. It is the logic of the Tokyo […]

February 27, 2019 | Goods Trade Deficit Soars 12.8% in December: Year-Over-Year Exports Down 0.3%

In December, goods exports fell $4 billion while imports rose $5 billion. Year-over-Year exports are now negative. The Census Department Advance Report on International Trade for December was released today after a government shutdown delay. Advance International Trade in Goods The international trade deficit was $79.5 billion in December, up $9.0 billion from $70.5 billion in November. […]

February 27, 2019 | Recession Implied by Powell’s Statements to our Congress!

As of today, no recession is envisioned. But is it emerging? Our Fed Chairman, Mr. Jerome Powell, stated in testimony before Congress that future policy changes will be DATA DEPENDENT. What does this imply going forward? To me, this implies that a recession in on the horizon later in 2019. Why? because our markets are now […]

February 27, 2019 | Volcker on the State of the US Economy and Government

Because most people have perilously little financial memory or historical insight, those with both are rare and informative. Paul Volcker is one of the few left with seven decades of memory and real-world experience in this area. Fund manager Ray Dalio sat down with former Federal Reserve Governor Paul Volcker, to talk about the state […]

February 27, 2019 | The Mighty Blunder

If this were a blog read by normal people, today’s topic would be what happens when a US president implodes.  But, Mr. Chairman, I fear for my life and that of Bandit’s, since the audience is rife with MAGAmaniacs. So the words ‘Donald Trump’ or ‘Michael Cohen’ will not appear in this post, lest we face […]

February 27, 2019 | Gold Waves a Battle Flag!

If you’re watching the action in gold recently, you know it’s bullish. Should you sell this rally? I’ll give you my thoughts, as well as a way to play it. First, let’s recap. I told you back at the beginning of the year that gold was making a bullish move. Also in January, I told […]

February 27, 2019 | Explosive Testimony in SNC-Liberal Scandal

  • Bob Mackin –   Could BC be wrapped up in SNC-Lavalin questionable activity?

February 27, 2019 | Is the US in an Undeclared Recession?

Will US trade threats against China and Europe work out?

February 26, 2019 | How the Middle Class Was Doubly Cheated

GUALFIN, ARGENTINA – Politics – whether local or national – is always a con game. And the con generally increases with the scale. The bigger the “we,” the bigger the swindle. Second Observation Recall our second observation from yesterday: The old “us versus them” is always a scam. People are unique, with thousands of different […]

February 26, 2019 | Recession Signal Getting Louder: 5-Year Yield Inverts With 3-Month Yield

The yield curve is inverted in 11 different spots. The latest is 5-year to 3-month inversion. The yield curve recession signal is louder and louder. Inversions are persistent and growing. Let’s compare the spreads today to that of December 18, the start of the December 2018 FOMC meeting. Yield Curve 2019-02-26 vs December and October […]

February 26, 2019 | Deal or No Deal, the US and China Economic Struggle Will Continue

As markets jolt about on talk of US-China trade concessions, the broader imbalances and conflicts between the two nations will not be easily resolved. China’s slowing economy and President Trump facing re-election in 2020 seem to point toward the two largest economies making a modest compromise on trade. But the trade deal itself is just […]

February 26, 2019 | Stressed Out

On Monday we vexed about the byelections. Done now. Results as expected. GTA went Con. Montreal to the Libs. BC now NPD, sort of. In Burnaby only a third of voters showed up. Sad. Of those, 60% didn’t vote orange – which means the Dipper won. The fact he’s party leader just made the win […]

February 26, 2019 | The Most Splendid Housing Bubbles in America Get Pricked

San Francisco Bay Area & Seattle lead with biggest multi-month drops since 2012; San Diego, Denver, Portland, Los Angeles decline. Others have stalled. A few eke out records. San Francisco and San Diego are catching the Seattle cold, and others are sniffling too, as the most splendid housing bubbles in America are starting to run […]

February 26, 2019 | How NDP Taxes are Killing Jobs and Business Expansion

  • Jordan Bateman –   Why is BC Government red faced over an Alberta court ruling?
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