ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 11, 2022 | This Week in Money
- Ross Clark – Stock Markets, USD, Bonds
- Marc Faber – Globalists, Bubbles, Bear Market, Russia
- Victor Adair – Central Banks, US Dollar, Commodities
June 11, 2022 | Easy Money Boondoggle Coming to Predictable Close
Venture capital, private equity firms, and hedge funds (traditionally more hubris than hedged) used to be fringe players working with the high-risk pieces of ultra-wealthy portfolios. However, as traditional investment yields (net rental, dividends and interest) tumbled through years of aggressive monetary intervention (zero interest rate policies and QE), individuals and institutions sought ‘alternatives’ for […]
June 10, 2022 | Pain For Buy-Now-Pay-Later Loan Investors
Consumer layaway plans were popular in the debt-fueled boom before the market and economic crash of 1929. Every cycle, finance rolls out old leverage tricks enabling a near-term consumption bump by selling sketchy debts to indiscriminate investors. Same junk another day. Nothing new here; see Funding squeeze at buy-now-pay-later firm flashes warning: Some of the riskiest […]
June 10, 2022 | US Consumer Confidence, Inflation, Interest Rates
Russian Bond default problem just starting?
June 10, 2022 | The Internal Combustion Engine Vehicle has Begun its Journey into Obsolescence
The dominance of the internal combustion engine (ICE) vehicle is coming to an end as battery electric vehicle (BEV) adoption accelerates worldwide. While the demise of the ICE vehicle will take a decade or two, the impact is already being felt. The popularity of ICE-powered vehicles began in the early 1900s when the use of […]
June 9, 2022 | Sen. Kennedy on Gas Prices: “It’d be Cheaper to Buy Cocaine and Just Run Everywhere
Senator John Kennedy (R-LA) ripped into the entire Biden Administration for economic mismanagement. “Treasury Secretary Janet Yellen — who was also captain of ‘Team Transitory Inflation’ — announced she’s really sorry but inflation’s not gonna [sic] be transitory, it’s gonna [sic] be with us for a long while,” Kennedy recounted. “In other words, she does […]
June 9, 2022 | Eyes Wide Shut
Paul Krugman, the economist whose work you either love or hate, had a compelling editorial this week in the NY Times, titled, “From the Big Short to the Big Scam”, in which he compared the real estate bubble of 2006 and subsequent crash to cryptocurrencies today. Because the article was behind a subscription paywall, I’ll […]
June 9, 2022 | Housing Downturn in Motion
The higher the ratio of investors and secondary buyers in a housing market, the less stable prices tend to be. In urban areas within an hour’s drive of Toronto (broad GTA), the average sale price topped $1,000,000 in February 2022, and so-called investors bought an estimated 40% of properties sold over the prior two years. […]
June 9, 2022 | Is The Fed Helping Or Hurting?
Resources needed for electric vehicles. Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
June 9, 2022 | Mortgage Rates Already Above “Stress Test” Level
Will offices ever run at 100% capacity again?
June 9, 2022 | US Housing Implosion About to Start
Amazon stock split a symptom of a market about to crash
June 9, 2022 | Where Should You Park “Excess” Cash in 2022?
Get rich-quick scheme participants paying a horrible price
June 8, 2022 | WHO Do You Think You Are? Nations Reject Pandemic Treaty
All the world leaders supporting the Great Reset were eager to relinquish complete power to the World Health Organization (WHO). The WHO wanted to seize the ability to force health mandates on the global population. The Pandemic Treaty would have allowed the WHO to bypass national laws and implement their will on the people. […]
June 8, 2022 | Are Today’s Home Buyers Really Terrified?
Today’s home buyers are terrified. At least that is what you would assume from the May 2022 Home Purchase Sentiment readings that are published each month by Fannie Mae. This sentiment index fell to 68.2 in May 2022 – and is inching nearer its 10-year- and pandemic-low of 67.5 in April 2020. Surveyed consumers […]
June 8, 2022 | Next Phase: Liquidation Mode
Target joined other major retailers and warned this morning that its profits will take a hit as it takes aggressive steps to eliminate excess inventory. See Target shares fall 8% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory: The retailer slashed its profit margin expectations for the fiscal second quarter […]
June 8, 2022 | The Food Shortage Solution in Your Own Backyard
A confluence of crises—lockdowns and business closures, mandates and worker shortages, supply chain disruptions and inflation, sanctions and war—have compounded to trigger food shortages; and we have been warned that they may last longer than the food stored in our pantries. What to do? Jim Gale, founder of Food Forest Abundance, pointed out in a […]
June 7, 2022 | Debt Elevates Stress, Negatively Affects Health
As home prices have gone skyward, it’s increasingly less typical for people to pay off their mortgages before retiring and the proportion of non-mortgage debt outstanding has ballooned. Research confirms that debt can have a negative effect on health, especially as we age (no surprise). Elevated health problems and medical expenses join lost productivity to […]
June 7, 2022 | Gates & the Vaccine Crisis
Bill Gates is not a doctor. He is not even a specialist in disease or history. He has been influenced by his father, and the two of them have been influenced by Thomas Malthus who advocated promoting the plague to reduce the population because it would one day run out of food. This seems […]
June 6, 2022 | European Debt Crisis Unfolding on Target
The European Central Bank (ECB) has a major crisis beginning. The free markets always win, and the spreads on the interest rates among the member of the EU are widening for Greece and Italy. Fools are telling Lagarde to use stronger language to signal that divergences among the member states will not be allowed to […]
June 6, 2022 | Soft Landings
The Bank of Canada raised interest rates another 50bps this past week, signalling more pain to come. The overnight rate sits at 150bps, just shy of where the Bank of Canada got stopped out in 2019. Markets are still pricing in another 150bps of additional tightening this year, which suggests the overnight rate will sit […]
June 6, 2022 | Not ‘There’ Yet
The investment marketing world urges that every day is a valuable buying opportunity and fear of missing out is a formidable bait. This is especially true since many participants have never lived through a typical bear market (where the average S&P 500 decline was 29% over 12 months if the economy was not in recession […]
June 6, 2022 | How $10 Gas Will Wreck the Fed’s Stupid Game
There’s no relief in sight for gas prices that seem headed to at least $10 gallon. The chart above suggests July crude will likely hit $128 this week or early next, a whopping 7.5% gain over last week’s high. But watch out if the futures shred their way past this Hidden Pivot resistance, since that […]
June 5, 2022 | No Soft Landings
“There’s no soft landing when you’re this far out of equilibrium.” —Tom Hoenig My last four letters featured highlights from the Strategic Investment Conference. I told you they would build toward a conclusion that might not be obvious. Today we’ll lift that final curtain. Some of it is good news. Innovation will continue, technology will […]
June 5, 2022 | Gun Sales Soaring in the US and Canada
As calls to repeal the Second Amendment continue, Americans have been buying guns at a record pace. Over 1 million civilians purchased firearms in the month of May alone, marking a record-breaking streak of 34 months of increased sales. Although the left would like the world to believe that there are no restrictions on buying […]
June 4, 2022 | WEF Praises Quiet Lockdowns
In a deleted video posted on the World Economic Forum’s website, the group praised the lockdowns for offering a quiet atmosphere. The dystopian post-apocalyptic setting certainly seemed quiet at times. Here is what the latest lockdown sounded like in Shanghai for those who have already forgotten: