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October 31, 2019 | Understanding Money: Key to Survival in 2020 and After!

Can anyone ‘see’ a digital dollar? What is a digital dollar? Today, at the clubhouse I talked with three retired business executives on the history of money and the evolution which we now witness within our digital economy. These retired individuals (one an economist) follow the money markets daily (as I) and they revealed to me […]

October 31, 2019 | Could be Worse

It’s been one of those weeks. Whew. Where to start? The president of the USA is being impeached, but will likely survive it. Trump might even welcome it, letting him play David to the deep state’s Goliath. Mr. Market still thinks Republicans will own the White House next year and that Elizabeth Warren’s a commie. […]

October 31, 2019 | Financial Markets To Federal Reserve: Is That All You’ve Got??

So the Fed, as expected, cuts interest rates again. And – also again – Fed Chair Powell implies that he’s done cutting for a while. The financial markets – also once again – react like junkies contemplating their final hit. Stocks are falling… …and Treasury yields are plunging, which is to say Treasury bond prices […]

October 31, 2019 | A House Divided Cannot Stand

QUESTION: The Bible says a house divided will not stand. America is very divided more than I can remember in our history. Is there another time when this as happened in America. How will this play out? S ANSWER: The last time the country was this divided was the American Civil War. The problem this […]

October 31, 2019 | First Nations Pro-Resource Development

Canada lacks an Energy policy –  Calgary firm flees to US

October 31, 2019 | What’s Behind the Non-QE QE?

Fed Rate Cut Like Titanic’s Bilge Pump

October 31, 2019 | The Case for Western Canada Separation

October 30, 2019 | How Does a World Reserve Currency Recover from Crisis?

When people lose confidence in paper money, an irreversible slide ensues. That makes sense, since the paper actually is worthless. Legal tender laws can force people to use fiat currencies, but not to value them. So how does hyperinflation end? Badly, of course. But more specifically… When the Yugoslavian dinar went into hyperinflation in the […]

October 30, 2019 | Wafting Into Thin Air

  rose Wednesday on the ho-hum news of a third rate-cut in 2019. Will it be the last? Of course not; it’s only a matter of time before Fed chief Powell dons his well-worn knee pads and gives Wall Street and the President whatever they want. For now, though, Powell & Co. would have us […]

October 30, 2019 | What Has Freaked Out The US Fed?

The US Fed cut rates again by 25 basis points, the third time this year. Prior to the start of 2019, the US Fed gave guidance that 3 to 4 more rate increases were planned for 2019.  What the heck happened to the US Fed and what has them so freaked out that they completely […]

October 30, 2019 | Gold Juniors Decline While Senior Miners Rally – What Gives?

Do you know what mining companies did yesterday? They verified a major breakdown, confirming the extremely bearish outlook for the following months. What? The miners rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes, they moved a bit higher. But the junior miners (Toronto Stock Exchange Venture Index) just declined after […]

October 30, 2019 | Dallas, Minneapolis, Chicago, Charlotte, Atlanta, Detroit, Cleveland: From Smaller Housing Bubbles to Crushed Markets

Prices in red-hot Dallas slow. Chicago condos flat for the year. Formerly crushed Detroit up 100% in 7 years. Cleveland struggles out of crushed status. Yesterday, we did The Most Splendid Housing Bubbles in America — such as the San Francisco Bay Area, New York City metro, the Miami metro, Seattle, and other markets that […]

October 30, 2019 | Lots of Negative-Carry Properties Increase Systemic Risk for Canada

Even when we don’t owe a mortgage, personal use real estate is negative-carry–we spend money to maintain it rather than it paying us. As an investment, on the other hand, real estate is supposed to generate enough cash flow to carry itself.  If it doesn’t, owners are out of pocket to keep it afloat.  This […]

October 30, 2019 | Fed Cuts Rates 25 basis Points

    The Federal Reserve, as expected, cut rates a quarter-point. The Fed also warned that further moves to ease interest rate policy may be coming to an end. The rate cut of 25 basis points to a range of 1.5% to 1.75% has been the third cut this year, which Fed Chairman Powell characterized […]

October 30, 2019 | Bad Attitude

So Michael bought a condo. “No brainer,” he says. “All that crap on your blog is, well, crap.” And thus it became his – a one-bedder in DT 416 with a price tag of $620,000, as young Mike joined the investor class. A proud rentier. Required was 20% down and a half-million mortgage. The bank […]

October 30, 2019 | BC Money Laundering Inquiry

October 30, 2019 | Fed Rate Cut vs. Bank of Canada

Gold, Canadian Dollar, US Dollar, Equity Markets

October 30, 2019 | Natural Gas, Crude Oil, Fed Rate Cut

Gold, Silver, and Bitcoin

October 29, 2019 | Yellow Flag Out for AAPL

I drum-rolled AAPL Sunday night because it was stalled in a dangerous place, an inch from a crucial resistance at 248.48 (see tout, below). The stock holds the key to the bull market, which is all but certain to continue as long as Apple shares are moving higher. Coincidentally, AAPL and the broad averages somewhat […]

October 29, 2019 | Radicalization of Germany: Political Center Melts

The demise of Merkel’s “Grand Coalition” is now so complete no one can possibly deny what’s happened. German elections last weekend, in the East German state of Thuringia, confirmed what what Mish readers knew years ago: There is absolutely nothing left of Angela Merkel’s grand coalition. Merkel’s CDU conservatives were blasted down from first to […]

October 29, 2019 | My Version of the Barbell Strategy

“It’s better to risk 10% of your portfolio speculating on 100% gains than to risk 100% of your portfolio investing for 10% gains.” That’s what my friend Doug Casey always says. It’s another way of looking at the “barbell strategy” advocated by noted trader Nassim Taleb in his outstanding book, Skin in the Game. The idea […]

October 29, 2019 | Why Britain Use to be the Financial Capital of the World

QUESTION: Why was Britain the financial capital of the world before the first world war? Are you saying it was not their gold reserves? Thank you for the clarification PCV ANSWER: It was never the British gold reserves. It was the unique talent of the British who were traders in the city by nature. Perhaps […]

October 29, 2019 | Low Savings and High Debt are Problem without Higher Interest Rates

Interest rates are headed lower as the economy weakens, but lower rates will not alleviate the strains that are binding households.  Good real-world discussion in this clip. Household debt levels remain at stratospheric levels, putting some Canadian households in a bind.  Here is a direct video link.

October 29, 2019 | Long-Term Predictive Software Suggests Volatility May Surge

Over the past few weeks and months, a number of key economic data has continued to rally the US major indexes towards new highs, hopes of a US/China trade deal, a continued shift of capital in the US markets for protection and safety, and moderately strong US economic indicators and an earning season that appears […]

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