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April 30, 2019 | The Summer of 2019 Could Be the Opportunity of the Decade

I just read an article arguing against the conventional “sell in May and go away” Wall Street wisdom this year. The argument is centered on the non-appearance of the much-feared earnings recession this quarter. The major indices were widely expected to suffer as a result of lower earnings compared to a year ago, when Trump’s tax […]

April 30, 2019 | How the Financialization Scam Works

YOUGHAL, IRELAND – Financialization is our subject… What is it? How does it happen? Does it matter? Who cares? Let’s begin with the last question: Who cares? Answer: Nobody… until it blows up.     Fantasy World Financialization creates a fantasy world… funded by a mis-priced, rigged credit market. Here is how. Imagine that you are 12 […]

April 30, 2019 | How Close Are The Markets From Topping?

Now that most of the US Major Indexes have breached new all-time price highs, which we called over 5+ months ago, and many traders are starting to become concerned about how and where the markets may find resistance or begin to top, we are going to try to paint a very clear picture of the […]

April 30, 2019 | BC’s ‘Dirty Money’ Crackdown Biting Casino Profits/Investors

Over the past decade, developers and investors noted that Vancouver casino revenues grew handsomely while most other casino areas had flat-lined.  Then, in 2018, after years of accepting suitcases and hockey bags full of cash without questions, a new focus on Canada’s anti-money laundering laws have not surprisingly spoiled the party in British Columbia.  See Vancouver’s […]

April 30, 2019 | So done

It’s like watching a slo-mo train wreck. Or a speeding autonomous Tesla headed for a cliff. Or the federal Libs on their way to October. You just know what’s gonna happen. Guts everywhere. And so real estate in Vancouver quietly, painfully, slowly implodes. The slow melt this blog has forecast for so long approached, arrived, […]

April 30, 2019 | And Now GOOG Has Joined the List of ‘Dead Stocks Walking’

Google joined my list of ‘dead-man-walking’ stocks — companies facing revenue slowdowns for one reason or another but which have inexplicably rallied sharply in recent months.  The shares of Boeing, Apple and Facebook are in this category as well, for reasons that are well known and which I have written on extensively. This doesn’t preclude […]

April 30, 2019 | Negative-Yield Bonds Are Back In Style. Why That’s A Bad Thing

Paying someone in order to lend them money seems kind of pointless. Yet the practice of stashing wealth in places where it yields nothing (and maybe even costs a bit for storage) is more common than you might think. Chinese, Russians, and Brazilians, for instance, buy US and Canadian condos and leave them empty as […]

April 29, 2019 | How I Came to Give Myself Permission to Get Rich

Many moons ago when I was a younger wolf, I worked in the non-profit sector. I wrote grant proposals and direct mail pieces to raise money for various pro-market organizations. It was rewarding to the soul. The problem was that it was quite non-profitable. But I felt empowered, doing my bit to fight for liberty […]

April 29, 2019 | The Wall Gave Way, and We Fell…

YOUGHAL, IRELAND – “Really… at your age… you should know better.” We had just come back from working on our derelict cottage on Sunday. We were recounting a heroic tale, with your editor as its leading man. We explained how we were setting roof rafters in place, walking along the top of the wall, when […]

April 29, 2019 | Fleeced

There was a time I dreamed of earning in a year what I have to remit to the CRA on Tuesday. And that’s just the final installment for 2018. Taxes in Canada have reached a point where many doctors, for example, have decided to work less, cut back their practices and enjoy life more – […]

April 29, 2019 | ‘Luxury’ Homes Short on Buyers

High-end realty spots in Canada are not alone.  The affluent east end of Long Island, New York known as the Hamptons is also feeling the crunch of a repricing cycle now underway in its luxury home market (properties listed for $3.2m and up).  Records show there were 869 luxury properties available at the end of the […]

April 29, 2019 | Michael Pento: Here’s How You Know The Market Is Overvalued

  There’s a lively debate out there over the size of the Everything Bubble. In the following excerpt, money manager Michael Pento concludes that this bubble both histocially huge and soon to be popped. When Overvalued And Dangerous Markets Meet Stagflation To put into perspective how overvalued and dangerous the US market has become; I […]

April 29, 2019 | Gold May Give Us One More Chance With New Lows

Our proprietary price cycle tool is showing us that the Daily Gold cycles may dive a bit lower, possibly into the $1250 to $1265 level, over the next 3~7+ days before reaching an ultimate low.  We’ve been covering the precious metals markets like hawks because of our proprietary price modeling tools that suggested the April […]

April 29, 2019 | Money Laundering and Foreign Buyers

Millenial Home Buyers at High Risk in May

April 29, 2019 | The Death of Socialism

Socialism is dying because governments have made promises they cannot keep. Now when people expect that they will be there, they suddenly find the promises have been constantly revised. They always point to the rich and how they will make them pay. Everything who thinks they cannot possibly be the rich cheer, but at the […]

April 28, 2019 | British Columbia, Don’t Go The Way of California

Victoria and its mayor Lisa Helps were the first to call for a class action lawsuit against oil companies last year, seemingly bringing some credence to the West Coast Environmental Law Centre’s years-long campaign to convince municipalities to bring litigation against these energy producers. Stewart Muir looks at the issue. Yet recently, Mayor Helps backed […]

April 28, 2019 | Markets Are Setting Up A Shake-Out – Be Prepared

Now that the April 21 ~ 24 Gold “momentum base” prediction that we’ve been discussing for the past 4+ months has past and appears to be accurate, we think it is time to start warning of increased market volatility and the potential for a market “shake-out” to happen.  Last week was a key component to […]

April 28, 2019 | An Ambitious Target for Bulls

The 3095 rally target I’ve projected for the S&P 500 cash index (see below) lies well above current levels. Bulls have had little trouble reaching middling Hidden Pivot targets in the past, but this one will require some effort, since the pattern that produced stretches all the way back to January. It also has unusual […]

April 28, 2019 | The Problem

Let’s start with Vivian. I think she hates me. “My husband has been reading your blog for a while now,” she writes. “I have a problem.” Oops. Okay, Viv. Get it off your chest. “All of your posts about “don’t buy a house” always only take in consideration the money aspect of things. What about […]

April 28, 2019 | The Lesson Of Argentina: You Can’t Stabilize A Bankrupt Economy

So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND a revival of socialism among Democrats. Scary as this may seem, the real (and even scarier) lesson is that it’s all inevitable: Beyond a certain level of indebtedness, even pro-business, […]

April 28, 2019 | How I Learned to Love the Debt

The US, Europe, and most of the developed world on are the road to Japanification. Like I wrote last week, we will see financial repression, ever increasing deficits, slower growth, etc. Essentially, the rest of us will begin to look like Japan with its astronomical deficits and ultra-dovish monetary policy. I tried to emphasize this […]

April 27, 2019 | China Tries to Muscle in on Dollar as Dominant ‘Payments Currency,’ But It’s a Thankless Slog

Dollar Hegemony is a tough nut to crack. China is taking another baby step in promoting the internationalization of the renminbi and nibble on the hegemony of the US dollar: It’s pushing a proposal to add a pile of yuan to the $240 billion currency swap agreement between ASEAN plus China, Japan, and South Korea, […]

April 27, 2019 | China’s American Arsenal

Have you seen the Peopole’s Liberation Army (PLA) Navy’s latest whizzbang terror toy? Described as a “tactical laser system,” it was recently featured in a PR puff piece on Chinese state-owned mouthpiece CCTV. According to reports, it will be deployed on the PLA Navy’s Type 055 destroyers as a replacement for the fleet’s old HHQ-10 surface-to-air missiles. Which is all […]

April 27, 2019 | This Week in Money

April 27, 2019 | Trading Desk Notes – April 27th

The US Dollar surged higher against virtually all other currencies this week with the US Dollar Index (USDX) hitting its best level since May 2017. Last week I wrote that the USDX was setting up to surge through the upper boundary (around 98) of a bullish rising wedge pattern and could make a run at the […]

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