ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
May 21, 2020 | Bear Markets Bounce Before They Pounce Some More
Historically, it is typical for the most widely held, over-valued stocks in a market cycle to have negative or zero returns for many years thereafter. Today, the top five stocks in the S&P 500–Microsoft, Apple, Amazon, Alphabet (GOOGL), and Facebook–make up over 20% of the large-cap US index and 40% of the NASDAQ 100. As […]
May 21, 2020 | Last Chance?
Would you list your house during a pandemic – when people leap off sidewalks from each other and hide behind masks? Nah. Most folks are taking a pass. That’s why the number of active listings in all markets has dropped and, in some places, plunged. In the GTA, for example, new offerings in April crashed […]
May 21, 2020 | Critical Price Level Could Prompt A Big Move After Holiday
As technical traders and researchers, we’ve been paying very close attention to the GREEN ARC Fibonacci resistance level on the SPY as a key level for the US stock market and any hope of a continued upside price rally. The SPY has traded near this level for the past three weeks and appears to be […]
May 21, 2020 | Used Vehicles, Retail and Online Sales
Canadian real estate
May 21, 2020 | Markets Sector Sensitive
Gold, Lithium, Palladium.
May 20, 2020 | Real Estate Showing Signs Of Collateral Damage – Part IV
This final part of our multi-part Real Estate article should help you understand what will likely transpire over the next 6+ months and how the unknown collateral damage may result in a “Double-Dip” price event taking place before August/September 2020. In the first three parts of this article, we’ve attempted to highlight how the current […]
May 20, 2020 | Whoa, did activist Bill McKibben just cite Resource Works in Rolling Stone?
Resource Works, already recognized by UVic researchers as one of Canada’s Top 50 most influential organizations in the resource space, has now caught the attention of an American anti-tar-sands crusader writing in Rolling Stone magazine. Journalist Bill McKibben has embellished his career by spinning alarming tales about the Canadian energy sector while denying the progress […]
May 20, 2020 | The Concentrated Short Position: What Matters Most In Gold, And Especially Silver
Having focused intently on the running open losses of the 8 big shorts (ex-JPM) for the past year, the latest price surge would seem to put the 8 big shorts in particular serious jeopardy. Simply put, the open losses ($7.8 billion, as of Friday, May 15) have never been larger, while the prospects for the […]
May 20, 2020 | New Normal: Consolidation in Location and Education
In the last decade, the dominant corporate model has been about rewarding short-term extractive shareholders and lenders, at all costs, with the masses dependent on debt to make ends meet. The price has been lost savings and productive investment along with deficits and shortfalls compounding for years into the future. We don’t empower a nation […]
May 20, 2020 | China’s Debt-to-GDP Ratio Surges to 317 Percent
The IIF estimates that China’s total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020. Michael Pettis at China China Financial Markets comments on China’s debt in a Tweet Thread. Thread For those interested in China’s debt profile, this article has a lot of information, to which I have […]
May 20, 2020 | ‘Too Much of It’
Canada’s debt mess got real this week. Changes loom, including the doubling of required down payments for houses, tighter credit, more defaults, a brewing crisis in the autumn and falling real estate values. The guy in charge of the nation’s housing agency had some shocking things to say when he addressed the House of Commons […]
May 20, 2020 | Gold vs Bitcoin as a Store of Value
Will it be a deflationary or government oriented economy?
May 20, 2020 | Central Banks, Investors, and Consumers
Is Canadian dollar likely to remain around 72 cents?
May 20, 2020 | Could Economy Survive Second Virus Wave?
Markets ignoring outside influences
May 19, 2020 | Coronavirus Bankruptcy Pandemic
The Coronavirus Bankruptcy Pandemic will terminate more jobs that people who were ever hospitalized with the virus. Of the 125 restaurant or retail companies tracked by S&P Global Ratings, about 30% now have a credit rating that indicates they have at least a 1-in-2 chance of defaulting on their debts, which is often a precursor […]
May 19, 2020 | Housing Starts Plunge a Record 30 Percent
Housing starts fell 30.2%, Permits 20.8%, and completions 8.1% due to Covid-19. The Residential Construction Report stats record the the greatest month-over-month decline in the history of the stats. The housing data dates to 1959.Starts vs Econoday Consensus Starts: 0.891 Million Seasonally Adjusted Annualized Consensus Starts: 0.968 Million Permits vs Econoday Consensus Permits: 1.074 Million Seasonally Adjusted […]
May 19, 2020 | The Bad Omen
Remember when we all knew Americans were hedonistic, debt-lapping, financially crippled, amusing profligates? Well, maybe not. Or could be we’re just way worse. First, consider borrowing. Households in both countries have been intemperate. In fact, when it comes to snorfling loans, Canadians have no equal. US families sharply reduced their appetite for mortgages after the […]
May 19, 2020 | New Report: Mortgage Fraud Redux
As cash flows have plunged in the pandemic shutdown, many rents have not been paid and so payments on loans have been missed and investors who own commercial mortgage-backed securities (CMBS) that hold loans from hotels, apartments, offices and retail stores have also not been paid their expected income (Trepp). This is half the story. […]
May 19, 2020 | Gold, Silver, Miners Teater On The Brink Of A Breakout
This week has been a wild and emotional one and it’s just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week. My volume flow indicator showed a reading of 10 […]
May 19, 2020 | Another Bank Bailout Under Cover of a Virus
When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject to “bail ins”—the funds of their creditors, including their large depositors, would be tapped to cover their bad loans. When bail-ins […]
May 19, 2020 | The Face of Retail Changed Forever
Prospects for crude depend on the oil source
May 18, 2020 | How Can Socrates Forecast Thing Well in Advance?
QUESTION: Martin – In the video link you see the blank answer by former Fed Chairman Bernanke when asked, in a 60 Minutes interview, as to where he saw unemployment going/peaking in the last crisis of 2008 (at minute 3:27). https://www.youtube.com/watch?v=sKx1BZd9bjQ How do you best explain Socrates being able to pick up so far in […]