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June 17, 2022 | Deflation To Overcome Inflationary Pressures?

Worthwhile discussion to mull. Inflation remains the center-stage villain in the economy right now, with the latest Consumer Price Index coming in at a 41-year high of 8.6% But is there a bigger bad lurking behind the scenes? Could deflation be the real threat here, just waiting to pounce after today’s hot inflation has burned […]

June 17, 2022 | The Fed Will Continue To Hike Until It Hurts

The Federal Reserve hiked interest rates by 75 basis points on Wednesday. Only once before has the Fed hiked by such a large amount. Conventional wisdom says that when inflation is out of control the Fed must hike until it hurts, and even beyond. There is only one parallel to the recent surge in inflation. […]

June 17, 2022 | New Vehicle Inventory, Stuck Near Record Lows, Gets Worse as Buyers Shift from Trucks to Economical Cars, which Vanish

Inventories of new vehicles at dealers are still desperately short, even as sales have plunged due to vehicle shortages. That has been a given now for over a year, and it hasn’t gotten better, and depending on who is talking, it might get a little better, or it might get worse, if that’s even possible. […]

June 17, 2022 | 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 […]

June 17, 2022 | Would Dumping The Fed Stop Recessions?

Biden the Author of US Oil Under Supply

June 16, 2022 | The Federal Reserve Cannot Combat Inflation Alone

Fed Chair Jerome Powell was notably frustrated when pressured about the Fed’s role in inflation. During his Q&A session this Wednesday, Powell plainly stated that the Federal Reserve alone could not combat inflation. It is far more complex than simply raising rates and hoping for the best. The Federal Reserve cannot increase the supply to […]

June 16, 2022 | Easy Credit Comeuppance

After leaving base rates in the banking system at zero for two whole years (March 2020 to March 2022), the US Fed hiked yesterday for the third time in as many months, this time going a panicked .75– the first such single increase since 1994. It’s now expected that the Bank of Canada will follow […]

June 16, 2022 | The Fed, Housing Market, Asset Bubbles

Gold, US Dollar, Cryptos, NFTs

June 16, 2022 | Will Commodities Follow Equities Plunge?

Is Stock Market bleeding close to stopping?

June 15, 2022 | The New G8

Russia has created a new alliance that many are calling the “new G8.” Russia was expelled from the original Group of Eight in March 2014, following the annexation of Crimea. Russia stated that it did not care about the snub. “All the economic and financial questions are decided in G20, and G8 has the purpose […]

June 15, 2022 | Return of Principal Matters Most

The policy-inspired and behaviour-driven ‘everything bubble’ is fulfilling its destiny, morphing into the everything bust. Cryptocurrency grand-daddy Bitcoin is off 70%, and others in the space are faring worse. Two trillion in sketchy market valuation has been vaporized in the crypto space alone. The much-hyped Purpose Bitcoin ETF, Canada’s first crypto ETF touted as an “innovation” […]

June 14, 2022 | AI & the Future

Klaus Schwab’s view of the future and Artificial Intelligence is seriously flawed. He argues that the fusing of the political, physical, digital, and biological worlds will have a transformative impact on every facet of human existence. He insists that this will range from the way we live our lives, the manner in which we will […]

June 14, 2022 | The Saretsky Report – June 2022

As has been the theme for the past few reports, inflation and interest rates remain front and center. Inflation remains stubbornly high and central banks are panicking to reign it in. They are now tasked with the impossible mission of killing enough demand to bring commodity prices (energy) down, without triggering a financial mistake and […]

June 14, 2022 | Hypothetical Returns Designed to Disappoint

It is important to understand that advertised investment returns typically assume that all interest and dividends are reinvested with no withdrawals for fees or spending–ever. In this way, as charted below and here, the notional annual compound return of Canada’s investable TSX 60 index (XIU) over the 14 years to June 10, 2022, was advertised as […]

June 14, 2022 | Eventually The Bear Gets Everything: Including Energy Prices

Before getting to the price action in Crude Oil and Gasoline, it is worth emphasizing that once a great financial mania completes the business cycle almost immediately turns down. This combined with the usual strength in the senior currency forces a bear market for most commodities.

June 14, 2022 | How to Deal With Rising Mortgage Rates?

Can you make your mortgage more affordable?

June 13, 2022 | Real Estate Timing Model – Update

Due to the COVID pandemic, a nationwide moratorium was placed on Notices of Default (NODs) and Foreclosure Sales from early 2020 to late 2021 – which tainted the integrity of that data.  I was therefore forced to stop inputting that data into my Real Estate Timing Model that is shown on page 7 of my […]

June 13, 2022 | The Dollar Crisis is Far Greater than Anyone Imagines

QUESTION: Marty, Socrates is worth its weight in something far more valuable than gold. I want to congratulate you for you are the ONLY adviser who nailed not just the cryptocurrency bloodbath, but that the dollar would rise when everyone else kept predicting it would crumble to dust. Then you warned that emerging markets would […]

June 13, 2022 | Taking Shelter and Looking Forward

As the air deservedly comes out of asset bubbles globally, companies and households need to focus on weathering the financing crunch/bear market/recession and looking forward to opportunities that will arise from it. Excellent companies and products are routinely horrible investments if bought at too high a price, so timing is a critical factor in outcomes. […]

June 13, 2022 | The Great Moderation

Another week, another bump higher in borrowing costs. The Canada 5 year bond yield ripped again, climbing above 3.3%, the highest reading since March 2008. Last time rates were this high bad things happened. As has been the theme of this newsletter for the past month or so, I continue to believe this is a […]

June 12, 2022 | Robbing Russians = You Are Next?

  Governments are pulling off a major profound theft. They have been violating international law robbing individual Russians with no connection to Ukraine on the pretense that this will somehow put pressure on Putin to leave Ukraine. But the US has been funding the civil war against Russian-Ukrainians in the Donbas. Western Ukrainian simply hate […]

June 12, 2022 | A Trillion Here, a Trillion There…

Complaining about federal debt is a time-honored American tradition. Remember Ross Perot and his hockey-stick charts? Then there was Harry Figgie’s 1992 best-selling book, Bankruptcy 1995. It was quite a sensation at the time. Not only did the US government not go bankrupt in 1995, but a few years later it achieved the unimaginable feat […]

June 12, 2022 | More Trouble for Fed Thimble-Riggers

As if the thimble-riggers at the Fed didn’t have enough to worry about, the dollar turned rabid last week, threatening to transform America’s still-undeclared recession into a downturn for the history books. The greenback’s rally pushed the price of U.S. goods even higher for foreigners while increasing the cost of fuel that they pay for […]

June 11, 2022 | Trading Desk Notes For June 11, 2022

Markets expect Central Banks to become more aggressive – stocks tumble, while interest rates and the US Dollar surge higher The ECB finally “grasped the nettle” on Thursday, but their announced intentions (to raise interest rates by 0.25% next month and to also stop buying bonds) were tepid relative to soaring inflation, so the Euro fell sharply Vs. […]

June 11, 2022 | What the Heck Happened in Silver & Gold on Friday?

11 June 2022 — Saturday Yesterday in Gold, Silver, Platinum and Palladium The gold price crawled quietly lower in GLOBEX trading in the Far East and London — and that lasted until shortly after the noon BST silver fix. At that juncture some very serious price pressure commenced, which lasted until about one minute after the […]

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