May 9, 2022 | Payment Shock for Some

We need higher rates to moderate demand, including demand in the housing market. Housing price growth is unsustainably strong in Canada. That was the message from senior deputy governor of the Bank of Canada, Carolyn Rogers this past week. Yes, the central banks continues to talk up further rate hikes, with the goal of slowing […]

May 9, 2022 | A Monetary Reset Where the Rich Don’t Own Everything

We have a serious debt problem, but solutions such as the World Economic Forum’s “Great Reset” are not the future we want. It’s time to think outside the box for some new solutions. In ancient Mesopotamia, it was called a Jubilee. When debts at interest grew too high to be repaid, the slate was wiped […]

May 9, 2022 | Is the Pentagon Planning a False Flag to Start WWIII?

As NATO countries continue to finance Ukraine, Putin has reason to worry. Top Russian advisors are now preparing for “a provocation aimed at accusing the Russian armed forces of using chemical, biological, or tactical nuclear weapons,” Lieutenant General Igor Kirillov, the head of the Russian Radiation, Chemical and Biological Protection Force, stated. The Russians are […]

May 8, 2022 | How High, Interest Rates?

Last week’s commentary asked how high the dollar can climb before it snuffs inflation and the increasingly shrill hysteria that has accompanied it. Inflation is supposed to cheapen the dollar, but that is not what has been happening. Instead, it has been climbing steeply relative to all other currencies. The experts have not been able […]

May 8, 2022 | The Ministry of Truth is Deeply Sinister and Orwellian

It is no secret that other nations see the president of the United States as a joke. In this video, Australian reporters are shocked that Biden openly laughed at a joke about record-high inflation. He is literally laughing AT you — the Great Unwashed. Sky News host Rita Panahi said The Ministry of Truth is […]

May 8, 2022 | Small Business Owner: How Covid Crippled Us but Made Bank for Blackstone

  by Patrick Nelson on Publius: The government response to the Covid-19 pandemic was rough on most of the nation’s seven million businesses. Each year 600,000 businesses close their doors, and in the first year of the lockdown this increased by an extra 200,000 casualties. Some of us struggled more than others to survive. My business, […]

May 8, 2022 | Soft Now, Hard Later

The Strategic Investment Conference is in full swing. This is our 18th consecutive year and the third in an all-online virtual format. In 2020 we had to make that transition quickly, yet somehow the team pulled it off. Now we are getting the hang of it—though I do firmly intend to have an in-person event […]

May 7, 2022 | Schiff Gold: Buckle Up for a Crashing Economy and More Inflation

by Michael Maharrey on Schiff Gold: Jerome Powell began hinting that inflation might be a problem last August. In November, Powell retired the word “transitory.” But here we are in May and the Federal Reserve still hasn’t done anything substantive to address the inflation problem. And now it may be too late. It’s probably time […]

May 7, 2022 | This Week in Money

• Ross Clark –  Volatile Markets, Gold, Oil, USD, Canadian Dollar
• Robert Campbell –  Debt Leverage, Inflation, Interest Rates, Real Estate, Gold
• Wolf Richter –  The Fed, Economy, Food Crisis, Autos

May 7, 2022 | Another Terrific & Bullish COT Report

07 May 2022 — Saturday Yesterday in Gold, Silver, Platinum and Palladium The gold price was sold quietly lower starting shortly after trading commenced at 6:00 p.m. EDT in New York on Thursday — and the low tick of the day was set around 9:50 a.m. China Standard Time on their Friday morning. Its ensuing rally […]

May 7, 2022 | Recession vs. Depression

Stock Markets, Interest Rates, Inflation

May 7, 2022 | Trading Desk Notes For May 7, 2022

Stocks are down, interest rates and the US Dollar are up The leading American stock indices closed the week at their lowest levels in over a year. They have closed lower for five consecutive weeks, while investor sentiment has become extremely bearish, which some folks think is a BUY signal. This week’s daily price action […]

May 7, 2022 | Zelensky & World War III

Our computer warned back in 2013 that Ukraine would be the place where World War III would begin. I warned that the ONLY way to prevent that was to split Ukraine based on the language. While the propaganda is that Kyiv is fighting for freedom and democracy, they have refused to allow Donbas to vote […]

May 6, 2022 | State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation

Credit card balances ticked up 1.9% in March from February, not seasonally adjusted, to $1.036 billion, according to the Federal Reserve today. Compared to three years ago, March 2019, the last March before the pandemic, this was up by only 3.0%. In other words, credit card balances are now just 3% higher than there were […]

May 6, 2022 | Negative Carry Properties Increase Downside Risks

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 property, 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 is the definition […]

May 6, 2022 | Don’t Divert Your Attention to Roe v. Wade

A coming Supreme Court ruling to overturn Roe v. Wade was secretly “leaked.” Uncoincidentally, the news came right before the 2022 US midterm elections. Everyone is understandably up in arms after Biden formed a Disinformation Governance Board to become the ultimate authority for what we may believe is true. Most Americans want Biden out of […]

May 5, 2022 | Jim Rickards: The Dollar’s Collapse is Happening Before Our Eyes

by Jim Rickards on The Daily Reckoning: Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since. This process can take many years. For […]

May 5, 2022 | Contagion: Rising Rates, Falling Stocks, Home Prices and the Economy

Interest rates have risen sharply, and financial and housing markets are under pressure. With households holding a record amount of their net worth in highly-levered assets, this cycle’s contagion risks are higher than average.   It’s another good time to read or re-read Robert Frank’s timeless 2011 book The High Beta Rich. Nicholas Gerli connects the dots very well […]

May 5, 2022 | Australia and India Form an Alliance to Lessen Reliance on China

Trade tension between China and Australia has hit a new peak, with Australia now seeking to limit trade with China entirely. Former Australian Prime Minister Tony Abbott said that India will replace China in trade. “For economic reasons, we’re gonna [sic] have to replace China in supply chains and frankly, there is no better substitute […]

May 5, 2022 | Interest Rate Hikes, Food Shortages, Russia vs. Ukraine

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May 5, 2022 | Crude Oil, Natural Gas, Interest Rates, Inflation

Recession, Food Shortages

May 5, 2022 | Any Place to Hide from Market Meltdown?

Robinhood traders disappearing by the millions

May 5, 2022 | How To Control Rampant Inflation?

Interest rates could skyrocket

May 5, 2022 | Panic Selling on Wall Street

USD and Natural Gas the only market positives