ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
May 24, 2020 | Tapes Leaked showing Biden did What They Tried to Impeach Trump On
https://youtu.be/EbmDLhJ43cU Leaked phone calls between Joe Biden and former Ukrainian President Petro Poroshenko explicitly detail the quid-pro-quo arrangement to fire former Ukrainian Prosecutor General Victor Shokin – who Poroshenko admits did nothing wrong – in exchange for $1 billion in US loan guarantees (which Biden bragged about in January 2018). The calls were leaked by […]
May 24, 2020 | Why Isn’t the Dollar Collapsing Given Trillions in Printing?
S Congress has authorized several trillion dollars in Covid-fighting stimulus programs. So what’s holding the dollar up?I Think Outside the USI remain amused by all the calls of hyperinflation and high inflation given the Fed has turned on the printing presses. However, currencies cannot be viewed in isolation. To those expecting a total US dollar […]
May 24, 2020 | What Would Cook Hand Luke & Virgil Hilts Do?
“Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!” – Patrick Henry “If ever a time should come, when vain and aspiring […]
May 24, 2020 | Ray Dalio Suggests USA Is Entering A Period Of Decline And New World Order
We find it interesting how researchers attempt to compare history, sometimes ancient history, to the applicable functions of today’s world and to attempt to translate the decline of empires in the past to what is happening in today’s world. Ray Dalio appears to be suggesting the rise of the Chinese economy and economic capabilities is […]
May 24, 2020 | Rewinding the Tape
We finished the Virtual Strategic Investment Conference yesterday. I can honestly say it was simply the best conference I have ever attended or been privileged to host. The ability to bring together so many exciting speakers, something schedules would not have allowed if we were holding a physical conference, offered a constant stream of thought-provoking, […]
May 23, 2020 | Catastrophic Plunge in Jobs & Labor Force in Los Angeles, San Francisco/Silicon Valley Smacks into Housing Bubbles
A little anecdotal thingy before we get into the horrifying data: I was on a call with a guy from Google – they want my WOLF STREET media mogul empire to spend money advertising on Google. He was working from home, and since he no longer has to go to Google’s office in Redwood City, […]
May 23, 2020 | Coronavirus Bankruptcy Pandemic Continues
The total economic destruction we have said is about $30 trillion in businesses. If we add real estate which cannot be sold, that is most likely $35-$45 trillion. Then add on top of that the coming wave of sovereign bond defaults which will include emerging markets that have witnessed their exports collapse. Global GDP is […]
May 23, 2020 | The Economy Will Not Soon Return to Normal: Here’s Why
Numerous chain reaction ripple impacts will delay the economic recovery. Let’s start with a look at car rental companies. No Magic AnswersBankruptcies happen when there is too much debt leverage accompanied by some sort of economic shock. For example, Hertz filed for bankruptcy on Friday. Now, the entire rental industry is Scrambling for Answers, but there […]
May 23, 2020 | This Week in Money
- Ross Clark – NASDAQ, Canadian Dollar, Oil and CRB
- Steve Saretsky – Real Estate after the Lockdown
- James Corbett – Medical Dictatorship, Lockdowns, Economies
- Larry Reaugh – President & CEO of American Manganese Inc. on Company Showcase – American Manganese Pilot Plant Work Ongoing. Great Article by Metal Tech News – “Next Step for Lithium-ion Metal Recycling“. Read Manufacturing Business Technology Article – “Tesla, Panasonic in Talks to Expand Gigafactory“. Read CleanTechnica Article – “BloombergNEF: Electric Vehicles = 58% of New Car Sales by 2040“. Read Roskill Article – “Lithium: Chinese Cathode Manufacturers Hit Hard by Coronavirus in Q1“. Read Mining.com Article – “Nickel, Cobalt Prices Benefit as Electric Car Action Shifts to Europe“. Read Mining.com Article – “European Commission Working on Sustainable Battery Rules“. Watch JCDREAM ElectroMobility Video. See AMY Business Plan. See AMY Company Presentation.
Watch AMY’s Video – “Our Revolutionary Lithium-ion Battery Recycling Technology”.
Watch AMY”s Video – “Introducing RecycLiCo™ – A Patented Process for Recycling Lithium-ion Batteries“.
Questions? Email Larry or Phone: 778.574.4444
May 23, 2020 | Trading Desk Notes May 23, 2020
I’ve been trading small size with tight stops. Choppy price action keeps my conviction level low. My bias is that demand destruction has been incredible…with a good chance that it gets worse before it gets better…so I think this is bear market rally…but I have to respect the fact that risk assets won’t break down. This […]
May 22, 2020 | The Greatest Political Scandal in US History
May 22, 2020 | Why The Gold/Silver Ratio Is A Useful Indicator
There’s a debate in gold bug circles over whether the price difference between gold and silver – the gold/silver ratio – tells us anything useful. Some skeptics, for instance, view the original gold/silver ratio of 15 — from America’s 18th century bi-metallic system – as just a political number pulled more-or-less out of thin air by […]
May 22, 2020 | Here’s What Else the Fed Can Do…
With trillions of stimulus dollars raining down on America already, how much more of them does the economy need? Mnuchin and Powell differ on this, which, fortunately for taxpayers, is an argument playing out in Congress that has put any further sums on hold. The Fed chief thinks a recovery will be at risk if […]
May 22, 2020 | Questions abound in fate of Wet’suwet’en governance
Non-Indigenous elected officials are staying quiet about a title deal made with a small group of unelected hereditary chiefs, despite calls for transparency from elected Wet’suwet’en chiefs. What’s really going on in this challenging situation? Stewart Muir, who travelled widely in the affected areas earlier this year, weighs the facts so far. Band headquarters (including […]
May 22, 2020 | 9% of All Mortgages are in COVID-19 Forbearance Plans
‘ 9 percent of mortgages are in forbearance but the pace of increase has tapered off. The latest data from the McDash Flash Forbearance Tracker shows that the surge in mortgage forbearance plans has tapered off.Estimated Monthly Advances Key Points As of May 19, 2020, 4.75 million homeowners , 9.0% of all mortgages, have entered into COVID-19 […]
May 22, 2020 | CMHC Head Warns That Housing Losses Could Be Huge
Evan Siddall, the CEO of the government’s housing agency, spoke to a parliamentary committee on Tuesday about Canadian housing risks. The agency he heads insures mortgages for the riskiest borrowers, those who cannot provide a down payment of at least 20 percent of the home purchase. Siddall suggested that the insurer could lose $9 billion […]
May 22, 2020 | Hong Kong Peg to Crack in June?
China’s Communist Party will impose a sweeping national security law in Hong Kong during the annual meeting of its top political body, criminalizing “foreign interference” along with secessionist activities and subversion of state power. This is directed at the protests for independence. It is a very dramatic and bold move that unquestionably undermines Hong Kong’s […]
May 22, 2020 | Retail Participants Going for Broke (again)
Lockdowns and layoffs have given the masses both free time and a plunge in income over the past three months. This has led to a surge in gambling appetite, hoping to win money through online trading. Last October’s switch by brokers to commission-free trades has helped to grease the mania even as custodians make hidden […]
May 22, 2020 | Lessons
What lessons did the virus give us? Did we react calmly, correctly? Tom’s a contractor with a small crew in southern Ontario. Four trucks, usually eight guys. Just four now. The others asked to be laid off, to collect the CERB for four months. Tom told them to get their damn butts on the job […]
May 21, 2020 | How You Can Ride the Oil Rollercoaster
The most bullish thing happening in oil right now is taking place far out at sea, hidden from the eyes of most investors. That seaborne event I’m talking about is the realization of storage for the massive amount of crude oil supply that has nowhere else to go. As of May 15, 170.5 million barrels […]
May 21, 2020 | The Rich in China Got Richer Thanks to Covid-19
Everyone was not adversely impacted by Covid-19, especially in China. A Tweet Thread by Michael Pettis explains. During my Sunday seminar a student made a presentation with preliminary data on how Covid-19 has affected the wealth and the income of different households in China, ranked by income. I sort of expected a broadly linear relationship in which […]
May 21, 2020 | Modern Monetary Theory (MMT)…Replaces Keynesian Economics for Today’s Commerce!
The new evolution within monetary theory is called MMT (Modern Monetary Theory). It emerged along with our digital dollar after the last financial crisis (2008). Let’s detail the basics of this new theory which is allowing our Fed and Treasury to expand currency (dollars) ad infinitum. What are the details? 1. The theory involves America’s ability to […]
May 21, 2020 | Which is More Dangerous to Your Wealth: FOMO or FODO?
I’ve decided not to wait for another meltdown to buy some of the stocks atop my shopping list. However, most are trading significantly higher than they were before the March meltdown. This has caused several readers to write in ask about the changed reward/risk ratio this implies. In other words, how to deal with the […]