ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 24, 2022 | “Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere
When Canada’s Consumer Price Index for May was released a couple of days ago, it was – “as expected,” I would say – a lot lot worse than expected, and exceeded once again by a huge margin the inflation forecasts by the Bank of Canada. According to the exasperated economists at the National Bank of […]
June 24, 2022 | The Bank of Canada Wants 2 Percent While Inflation Nears 8 Percent
The inflation rate in Canada hit a new high for this cycle as it reached 7.7 percent growth. The Bank of Canada’s goal is to get inflation to 2 percent. Can the Bank of Canada succeed? Carolyn Rogers. Source: Bank of Canada Carolyn Rogers, senior deputy governor of the Bank of Canada said that “inflation […]
June 24, 2022 | Retail Capitulation Yet To Come
Lived experience tends to influence thinking, especially regarding financial decisions. Whether the latest memories are smooth sailing or adversity, it’s typical to expect more of the same, discounting the undulation of cycles. The March 2020 market freefall was highly unusual in its brevity. As the world economy unexpectedly shut down, many found a windfall of […]
June 24, 2022 | Could Current Stock Market Rally Last the Summer?
Global food catastrophe warning
June 23, 2022 | Biden: There’s Going to Be Another Pandemic
The US government ordered 3.5 million additional Pfizer vaccines and 1.3 million from Moderna. Yet, Biden is requesting more funding from Congress for pandemic initiatives. “We don’t just need more money for vaccines for Children. Eventually, we need more money to plan for the second pandemic. There’s going to be another pandemic. We have to […]
June 23, 2022 | The New OCC Report
On Tuesday, the new Quarterly Derivatives Report from the Office of the Comptroller of the Currency was released, showing the over-the-counter derivatives positions for US banks as of March 31, 2022. This report excludes listed or exchange-traded derivatives contracts, such as COMEX futures and options contracts and also excludes OTC derivatives contracts held by non-US […]
June 23, 2022 | How Long Could Bear Market Last?
Why Gold isn’t higher in the face of inflation. Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
June 23, 2022 | Oil, Commodities, Interest Rates
The Fed, inflation, recession
June 23, 2022 | How to Recession Proof Your Portfolio
Commodities, equities, still lots of room to drop
June 23, 2022 | Bear Rallies, Interest Rates, Inflation, Gold
Will a stalling economy stop inflation?
June 23, 2022 | How Do Bubbles Form? Tulips, GameStop (and Crypto) Help Explain
The video below from the Wall Street Journal offers a helpful refresher on how asset bubbles move. Worth the 7 minutes. Asset bubbles are easy enough to define, but not so simple to identify. WSJ’s Gunjan Banerji explains what bubbles are exactly, how they form and what happens when they burst. Here is a direct video […]
June 22, 2022 | The Fed v Congress
Powell addressed Congress on Wednesday to curb inflation fears. The Fed is stuck between a rock and hard place right now as some must lose in order for the situation to improve. Not one to mince words, Sen. John Kennedy said, “We got a hell of a mess right now. You’re the most powerful man […]
June 22, 2022 | Big Bounces Par for Bear Market Course
Cryptocurrencies are bid this morning, and US markets are reopening with a bounce following the steepest losses since March 2020 (the S&P fell 5.8% last week, -10% this month so far). As shown below, courtesy of The Daily Shot, the Dow Jones Industrial Average (supposed to be more ‘conservative’) has fallen 11 of the past […]
June 21, 2022 | Consumers Spend More on Less
Consumer spending, a main indication of the nation’s economic health, has remained strong despite rising inflation. Personal spending increased 0.9% in April, while March’s figure was revised to 1.4%. Obviously, people have been spending more on less due to sky-high prices. May’s figure will be released later in the week, but American businesses are noticing […]
June 21, 2022 | Home Prices Dropping–as They Should
There’s now much talk of home prices “crashing,” but few were ringing alarm bells as they leapt 50% over the prior two years. Housing has always been a cycle driven primarily by credit. Because the latest boom went on longer than average, most people stopped thinking of housing as a cycle, which was an error. […]
June 20, 2022 | China Uses COVID Pass to Restrict Movement
People believed that governments would use tracker apps solely for COVID purposes. Sadly, the Chinese are quickly learning the harsh reality – the apps were always intended to control the masses. Over $6 billion (39 billion yuan) has been frozen, and thousands of people are unable to access their bank accounts. A few banks in […]
June 20, 2022 | Bear Market Update
Starting a new week with US markets unplugged today offers a moment to review the bear market progress to date. From their most recent highs: S&P 500 -23% Nasdaq -32% Russell 2000 small caps -32% TSX -14% Cdn $/USD -7.8% Canadian financials -17% Canadian oil and gas stocks -15% US oil and gas stocks –20% US Banks: –32% Asset manglers managers –37% […]
June 20, 2022 | News Economically Unfeasible
Over the past several weeks regular readers of this newsletter have heard me rant about the impending slowdown in the development space. A combo of rising financing costs and still elevated construction costs makes for a rather terrible risk/reward ratio for home builders. In fact, it makes some projects economically unfeasible. Mainstream media is now […]
June 19, 2022 | Danielle on CBC Weekend Business Panel
Danielle appeared on CBC’s Weekend Business Panel talking about the federal budget, Bank of Canada, crypto crash and readjusting to in person work. Here is a direct video link.
June 19, 2022 | What Doc Copper Can Tell Us
Copper’s long-term chart suggests that the global economy could have one last hurrah once the bear market begun in January has run its course. Copper is reputed to have a PhD in economics because of its supposed ability to predict major turns accurately, In actuality, its track record is pretty impressive. The chart above shows […]
June 19, 2022 | Gradually Worse
This time last year, the great debate was whether inflation would be “transitory.” That question is now settled (Narrator: “It wasn’t transitory at all.”), we have moved on to debating what the Federal Reserve will do about it… and can do about it. The experts at the Strategic Investment Conference fell into two camps: The […]
June 18, 2022 | Trading Desk Notes For June 18, 2022
Central Banks dominated the markets this week The Fed raised rates by 75bps and forecasts much more to come. The Swiss National Bank surprised markets with a 50bps raise (to minus 25bps), the BoE raised 25bps, the ECB indicated that they would likely raise by more than 25bps in July, and the BoJ stood pat. […]
June 18, 2022 | Understanding Insurrections for Dummies
June 18, 2022 | This Week in Money
- Ross Clark – Stock Markets, Dow, Oil, USD, Gold
- Mark Leibovit – Stock Markets, Oil, Geo-Cosmic. Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
- Steve Saretsky – Mortgage Rates, Real Estate Prices
- Larry Reaugh – President & CEO of American Manganese Inc. and Shaheem Ali CFO of American Manganese Inc. on Company Showcase – American Manganese CFO Shaheem Ali Answers Listener Questions. CEO Discusses Gold and Rare Earth Elements and Drill Project. Read BloombergNEF Article – “Electric Vehicle Outlook 2022“. Read Mining.com Article – “Electric Vehicle Outlook is Even Brighter if the World Bikes and Takes the Bus“. Benzinga Video – American Manganese is Making EV Even More Sustainable with its RecycLiCo™ Patented Process. Watch Recycled EV Content interview with Zarko Meseldzija CTO of American Manganese – “RecycLiCo – A Deep Dive into Hydrometallurgical Battery Recycling“. Watch Resource Talks Interview with Zarko Meseldzija CTO of American Manganese – “Lithium & Battery Metals Investment Overview“. See AMY Lithium-ion Recycling Technology – Updated Dec. 2021.
Watch AMY’s Video – “Our Revolutionary Lithium-ion Battery Recycling Technology”.
Questions? Email Larry or Phone: 778.574.4444
June 17, 2022 | Has Inflation Peaked?
Producer Price Index (PPI) readings for May 2022 are shown in Table B above. Observe that the highlighted column on the right is about double that of the highlighted column on the left – and it’s been that way for the last 12 months. Because it takes a while for rising costs to work […]