July 23, 2022 | This Week in Money

• Ross Clark – Stock Markets, Commodities, Bonds, Gold, Currencies
• Eric Hadik – Stock Market Cycles, Inflation, Interest Rates, US Dollar
• Allan Mark Angell – Real Estate, Rising Interest Rates, High End Homes

July 22, 2022 | The Chinese Residential Property Market Crisis Deepens

The Chinese residential property market is in deep crisis. Thousands of apartment buyers have stopped paying their mortgages because they are upset that the unit they bought has not yet been built. Will this crisis affect China’s stability? Starting about a year ago, China’s residential property market was the focus of many articles when a […]

July 22, 2022 | China Banking Crisis & the Unsuspecting World

While authorities have accused a private financial group of misleading members of the public with promises of high-return wealth management products, what is not being said publicly is the fact that the rise in the dollar is a significant factor undermining emerging markets in which China participated. The Chinese government warned the provinces and private […]

July 22, 2022 | Looking Better

The unprecedented default in the London Metals Exchange in nickel on March 8 by the largest concentrated short seller sent a wake-up call to the concentrated short sellers in COMEX gold and silver, resulting in them rushing to cover their short positions. The changes in commercial positioning on the COMEX have been so extreme since […]

July 22, 2022 | Easy Money Has Cost a Ton

For three decades, the theory was that ultra-low interest rates allow borrowers to save on interest costs. In reality, low rates prompt most to borrow more and go deeper into debt. Last year, Bank of Canada (BoC) research acknowledged that thirty years of lower interest rates had worked to inflate home prices and attract capital from productive […]

July 22, 2022 | US Home Builder Sentiment, Laffer Curve

Inflation and Taxation

July 21, 2022 | CDC Stops Reporting Cruise Ship COVID Outbreaks

The Centers for Disease Control and Prevention (CDC) will no longer report COVID outbreaks on cruise ships. Per the CDC’s website: “As of July 18, 2022, CDC’s COVID-19 Program for Cruise Ships is no longer in effect. CDC will continue to publish guidance to help cruise ships continue to provide a safer and healthier environment for […]

July 21, 2022 | Bottoming is a Process

From the June 17th low to yesterday, the 50 most shorted stocks (in blue below courtesy of DailyShot.com) surged 20% and helped to pull broad stock indices higher (S&P 500 in black gained 7.76%) as speculators covered their bets to book profits.     As shown below, courtesy of Michael Kantro, this was the fourth such […]

July 21, 2022 | Is Buying Oil Dip a Good Idea?

Hint of US decriminalizing pot not having much market impact.   Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

July 21, 2022 | It’s a Battle Inflation vs Deflation

Canada’s stock market story different than US

July 21, 2022 | S&P 500, Gold, US Dollar, Interest Rates, Central Banks

Amazon vs. US retail

July 21, 2022 | Could China’s Economic Downturn Hurt Canada?

Rare Euro Bank Hike Affecting Currencies

July 20, 2022 | Peak Housing Unaffordability? Are We There Yet?

 [Exerpt from July 15, 2022 Timing Letter] As reported by NAR, the U.S. Homebuyer Affordability Index for the nation fell from 124.0 in March 2022 to 102.40 in May. That was the lowest reading since July 2006 – which was near the peak of the last housing bubble. In the aftermath of that bubble, the […]

July 20, 2022 | What Happens in China, Doesn’t Stay in China

In 2021, the median Canadian home price was $531,000 and some 161% of the median Canadian household net worth ($329,000 per the latest available StatsCan data 2019). In February 2022, the average Canadian home price at $816,720 was some 145% of the average Canadian household net worth ($562,000 in 2021). Other studies estimate that real estate makes […]

July 20, 2022 | Republicans Fail to Reject NATO Expansion

We spend too much on the military, but we should give all our money to Ukraine. Make it make sense! Sweden and Finland made their grand debut in NATO this week. The Democrats helped push that into law in a vote that passed 394-18. Only 18 dissenters, all Republicans, saw the flaw involved with expanding […]

July 19, 2022 | The Government is Tracking You

Yes, the government is tracking your movements. You do not need to have a COVID pass installed on your phone nor do you need to be a criminal. The location data industry has become a $12 billion market that is actively growing. It recently came to light that the Trump Administration began tracking mobile data […]

July 19, 2022 | A Monstrously Strong Dollar Is Stalking the Markets

There was a point last Thursday when virtually all of the hundred or so market symbols I track were ‘red’ except for the U.S. Dollar Index. This was unusual and unsettling but hardly mysterious, since the dollar’s strength was the reason everything else was falling in value. The trend unfortunately is only just beginning and […]

July 19, 2022 | Average Canadian Home Sale Price Down 18 Percent Since February

Canada’s housing market continued to weaken for the third month in June, with an average selling price of $665,850, down 18.5% from a record $816,720 in February 2022. Sharply higher interest rates and some of the world’s most unaffordable home prices have shrunk the pool of able and willing buyers even as Canadian unemployment remains near […]

July 19, 2022 | The Saretsky Report – July 2022

I’m a bit later than usual in writing this report and it’s probably for the best. As of this writing on July 13th, the Bank of Canada raised interest rates a monstrous 100bps, the single largest increase since 1998. This will have significant ramifications for the housing market, not just psychologically but financially.

July 18, 2022 | Fauci Set to Retire

Dr. Anthony Fauci, Mr. COVID himself, announced that he would retire at the end of Joe Biden’s term. Fauci hinted in an interview that he fears an investigation into his personal dealings if the conservatives take back control next year. “They’re going to try and come after me, anyway. I mean, probably less so if […]

July 18, 2022 | Front Loading

Another month, another jumbo sized rate hike from the Bank of Canada. Tiff Macklem and crew surprised markets with a 100bps rate hike, the largest move since 1998 when the central bank was trying to support a weak Loonie. It was just two years ago when the Bank of Canada was rather irresponsible in encouraging […]

July 18, 2022 | China Property Developers Offering Cars and Pigs to Entice Buyers

As foreign investors and home buyers lose confidence in China’s property market, developers are offering cars and pigs to boost sales. WSJ examines ads and policies to see how the country’s real-estate turmoil could ripple out into the global economy. Here is a direct video link. As shown below via Bloomberg and The Daily Shot.com, Chinese […]

July 18, 2022 | Epic Silver Selloffs

I would certainly classify the current selloff in silver as being epic and I’m reminded of other past selloffs as being historic in nature. I lived (as a broker) through perhaps the most epic silver selloff of all, the price decline of early 1980, when the Hunt Brothers-inspired run to $50, quickly collapsed as trading […]

July 18, 2022 | Housing Bubble Getting Ready to Pop: Traffic of Prospective Buyers of New Houses Plunges, Homebuilders Cut Prices, Sentiment Dives

Homebuilders have struggled for well over a year with supply and labor shortages and ridiculously spiking costs. In addition, this year, the new holy-moly mortgage rates added to the woes, and unsold inventories surged to levels not seen since 2008, as sales fell. And homebuilder stocks have gotten hammered across the board, down year-to-date between […]