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August 26, 2021 | This Bubble of Everything “Musical Chairs”

A trillion a day in reverse repo’s to keep short term rates down

August 25, 2021 | FUTURE Under Construction

  QUESTION: Mr. Armstrong; I am new to your blog but I’m here because your reputation precedes you. I was told unlike everyone else commenting on the World Economic Forum, even Nigel Farage said you were the alternative to Davos. My question is this. Why has the WEF been so influential with all of these […]

August 25, 2021 | Tried and Failed Economics

YOUGHAL, IRELAND – A great headline from yesterday’s AP: US troops surge evacuations out of Kabul but threats persist Yes, U.S. troops are launching a major “reverse assault”… surging out of Afghanistan like water down a toilet drain. But at least they tried! In some countries, women appear on the beach – in public – with practically […]

August 25, 2021 | IWM Sets Up Dual Pennant/Flag Formation – Suggesting Very Volatile Apex Event

Recently, we’ve seen an extended sideways price trend in the Russell 2000 sector that started in February/March of 2021.  The peak price level on the IWM, the Ishares Russell 2000 ETF, reached $234.29 and has consolidated in a sideways price range for more than five months now.  In mid-July, IWM broke lower and established a […]

August 25, 2021 | Ask Candidates What Their Promises Will Cost You

  • Kris Sims –  Will you end up paying capital gains tax on your home?

August 24, 2021 | Stock-Linked Executive Pay and Buybacks: a Destructive Combo

A new report from the Institute for Policy Studies finds that half of the 100 S&P 500 firms with the lowest median worker wage revised their pay rules in 2020, such that the median worker pay declined 2%, while CEO pay rose 29%.  Sixteen of those companies lost money in 2020 while having the highest […]

August 24, 2021 | Free Money For All Renters

Election campaigns are in full swing, and at the centre of the political debate is the cost of living. CPI inflation just ticked in at 3.7% in July, one of the highest readings over the past two decades. Furthermore, housing inflation is out control, with national home prices accelerating at their fastest pace on record, […]

August 24, 2021 | Rally On – Price Range Continues To Narrow As Reflation Trade Flags Out

After a week of moderate volatility, while Consumer Sentiment and other economic data surprised traders/investors, the US markets entered a strong rally phase early in trading on Monday, August 23, 2021.  This suggests traders continue to buy the dips in expectation of a never-ending rally trend. Bucking Consumer Sentiment Trends While the US markets continue […]

August 24, 2021 | End of the Era of Voracious Corporate Appetite for Office Space

It has been nearly 18 months that many big-company offices became no-go places, and the temporary disruption that was supposed to last only a few months has been dragging on and on. The vaunted and repeatedly delayed “return to the office” – as flexible, partial, and “hybrid” as it was supposed to be – is […]

August 24, 2021 | Canada’s Missing 843,000 Backyards

Will GTA and GVA diverge this fall?

August 24, 2021 | Margin Debt Holders at Great Risk

How long before bots are driving cargo?

August 24, 2021 | Gold, Gold Miners, Robinhood, Cryptos

Silver, Oil, Copper, Margin Debt

August 23, 2021 | British Columbia Blocking Your Right to Vote is Not Vaccinated

Starting September 13, 2021, proof of vaccination will be required in B.C. for people attending certain social and recreational settings and events. Clearly, this is a strategic manipulation and interference with the national election to prevent people who would be against Trudeau from voting on September 20th. This is an example of how corrupt the […]

August 23, 2021 | Do Empty Shelves Count As Inflation?

The prices of a lot of things are up these days, which fits the common definition of “inflation.” Meanwhile, an increasing number of products are appearing at the same price but in smaller packages.This is inflation’s slippery first cousin “shrinkflation.” Here’s a sampling from a recent study: • Bounty paper towels: The triple back has […]

August 23, 2021 | Surprising Consumer Activity May Suggest A Deeper Shift In The Markets, Part IV

This final portion of our research article into the shifting US/global consumer spending/economic activities will help to set up forward expectations related to how assets and the stock market may react over the next 12+ months.  In our opinion, the reflation trade/rally is complete, and consumers have already run the course with regards to stimulus […]

August 23, 2021 | The Saretsky Report – July 2021

As discussed in last months report, the great reopening trade is in full swing. People have exited their homes and real estate has become less of a priority. We can see this in the housing data which continues to recede each month since the FOMO induced top in March. Sales here in Greater Vancouver have […]

August 22, 2021 | Old growth forest – cherished, abundant and growing fast

At Resource Works, we’re always looking to uncover the facts about complex and challenging science issues. What we have discovered about the vigorously debated issue of old growth forests in British Columbia might come as a surprise. With daily reports in the news media about colourful protests against logging of “British Columbia’s last old growth […]

August 22, 2021 | From Doug Behnfield…

[Editor’s note: The following was sent out to clients in mid-July by my friend Doug Behnfield, a financial advisor and senior vice president at Morgan Stanley Wealth Management in Boulder, CO.  Long-time followers of Rick’s Picks will be familiar with Doug’s work, since his thoughts have appeared here many times. I have always referred to him not […]

August 22, 2021 | Build Back Better

Here we go, the highly anticipated federal election this fall is now confirmed. The Trudeau government will seek to win a majority government in what is undoubtedly a power grab at a pivotal time in history. “Canadians need to choose how to finish the fight against COVID-19 and build back better. From getting the job done […]

August 22, 2021 | Buy Businesses, Not Stocks

I write this letter on my way home from Steamboat Springs, Colorado, where I spoke to the fascinating “GoBundance” group of mostly young, successful, enthusiastic entrepreneurs. Before that I was in Grand Lake Stream, Maine, for the Camp Kotok economics/fishing retreat. I’ll have some details for you later. Today we will look back a few […]

August 22, 2021 | Once in a Blue Moon is Here

The old saying, only once in a Blue Moon is here. August 22/23 will be a Blue Moon and perhaps this is the omen for the decline and fall of the Biden Administration. The Full Moon on August 22/23, 2021 is a seasonal Blue Moon and it is also the year’s Sturgeon Moon. The next […]

August 22, 2021 | News from Sydney, Australia & Canada

COMMENT: Marty this a part of their plan right? Divide and conquer. What did this maniac expect Australia to do. Shoot the sick and burn their bodies? Can this get any more surreal? I live in Sydney and I can tell you the city is stuffed. Businesses are going belly uplift right and centre, theres […]

August 21, 2021 | This Week in Money

August 21, 2021 | Trading Desk Notes For August 21, 2021

Being rich is no longer glorious in Xi’s China In the 1980s, under Deng Xiaoping, “To get rich is glorious” defined the zeitgeist in China as the country embraced capitalism with Chinese characteristics. Not so, these days, under Xi Jinping, who has been on the warpath against the rich and famous with rules and regulations […]

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