July 10, 2022 | John Bull and Two Percent

The economics profession has long had a vigorous academic argument over “natural” interest rates. What would rates be if we could somehow remove all the subjective actors—central banks, commercial lenders, government agencies—that conspire to set them? What would nature do if we left it alone? It’s an academic argument because, in the real world, we […]

July 10, 2022 | Trading Desk Notes For July 9, 2022

Fossil fuels – the Last Man Standing takes a tumble – but bounces back – a bit Front-month NYMEX WTI futures dropped as much as $19 from last week’s high to this week’s low – but bounced back ~$10 by Friday’s close. The high/low range on Tuesday (after the long weekend) was $14, with the price […]

July 9, 2022 | This Week in Money

• Ross Clark – Stock Market Rally. Special Limited Time Offer! 25% off Annual Subscriptions for New Subscribers.
• Victor Adair –  Oil, Gold, USD, Commodities, Bonds
• Rick Ackerman –  Inflation, Deflation, Interest Rates, USD. Special 14 Day Free Trial Subscription!

July 9, 2022 | Yet Another Blockbuster COT Report

09 July 2022 — Saturday Yesterday in Gold, Silver, Platinum and Palladium The gold price was forced to trade in a very tight range everywhere on Planet Earth on Friday — and its rally that began around 8:50 a.m. in COMEX trading in New York, was capped around 10:45 a.m. EDT. It was sold lower for […]

July 8, 2022 | Auto Bubble Bursting

Good overview of the auto bubble now bursting. $1000 a month loan payment #madness.  Here is a direct video link.

July 8, 2022 | Crude Oil Prices Peaking and Plunging

Crude oil has plunged below $95 this week, from a recent peak of $123 in March 2022. In the past, high prices for crude oil have been associated with recession. Is the price action of crude oil predicting a recession? Crude oil is the most actively traded commodity in the world. Its impact on the […]

July 8, 2022 | Achieving Self-Funding Local Sovereignty as Global Food Systems Collapse

Deglobalizing” and “dedollarizing” have been much in the news. Reducing dependence on the global supply chain and the U.S. dollar are trends that are happening not just internationally but locally. In the United States, we have seen movements both for local food independence and to divest from Wall Street banks. The burgeoning cryptocurrency movement is […]

July 8, 2022 | The Georgia Guidestones Destroyed

Who is the mysterious R.C. Christian who erected the Georgia Guidestones in March 1980? These four nearly 20-feet monuments were mysteriously built decades ago before they were destroyed this week on July 6, 2022. After the initial bombing, the government destroyed the rest of the monument under the excuse of it being a structural hazard. […]

July 8, 2022 | Crude Oil Top By September?

When might Gold stocks be a good buy?

July 7, 2022 | Gold Discovery in Uganda Rocks the World

QUESTION: OK. How did Socrates know that they would find 31 million tonnes of gold in Uganda to create a bear market? I really want to hear this one. Thanks DH ANSWER: I believe that the answer lies in the very same reason I found it has been able to forecast war. Someone has information BEFORE it becomes public. That then […]

July 7, 2022 | Secular Bears End When Animal Spirits Are Crushed

Secular bear markets begin from a point of mass exuberance and over-valuation and end when they have crushed both into remission. The forward price to earnings (PE) estimate for the S&P 500 in 2000 was 26 versus a long-term mean of 16 (as shown below). It fell to the 22-year mean of 16 in June, […]

July 7, 2022 | Could Falling Oil Prices Mean Recession?

Is Canada’s Real Estate bubble bursting?

July 7, 2022 | Are We In a Summer Bear Rally?

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July 7, 2022 | Recession, Inflation, Interest Rates

Is Canada more vulnerable than US to economic downturn?

July 6, 2022 | Climate Update Global Temp Continues Flat – Be Alert to “Tropical Coolness”

On the UAH Satellite Temp record, the global anomaly for June was +0.06 C, down from +0.17 C in May, which compares to the +0.26 C on the April posting. The high with the El Nino of 2016 was +0.70 C, essentially offsetting almost half of the hysteria about a 1.5 C increase.

July 6, 2022 | Dominion Voting Systems Linked to Soros

We already knew the system was rigged – but how far does it go? This picture, albeit poor quality, has been circulating the internet and shows traitor Trudeau “testing” the Dominion Voting System. Standing behind him is none other than Alex Soros, George Soros’ son who is now doing the footwork for his dad. Rebel […]

July 5, 2022 | Every Nine Months

The Canadian government is relentless in pushing vaccinations. Health Minister Duclos just announced that “two doses is no longer enough.” We knew that the Canadian government ordered a massive shipment of vaccines, but those who obeyed whether by force or fear thought they were “fully vaccinated” with two doses. He ominously told the public to […]

July 5, 2022 | New Vehicle Sales in June 2022 Plunged 25% from June 2019, Back to 1970s Levels, on Inventory Shortages

Automakers have now reported their June new vehicle sales, or their Q2 new vehicle sales, for the US, except Tesla, which doesn’t report US sales but only global sales. All automakers, even Toyota, and now even Tesla, are struggling with the ongoing semiconductor shortages, and they started the month of June with desperately low inventories […]

July 4, 2022 | Flushed Down the Toilet

As per Stats Canada, activity at the offices of real estate agents and brokers dropped 15.0% in April, the largest contraction since April 2020. That was in April, so you can only imagine how the data will look in the coming months. Recent sales figures in Canada’s two largest major metros suggest this bear market […]

July 4, 2022 | WEALTHTRACK: Imminent Recession-Extended Bear Market

Those of us who diligently do clear-eyed, independent, financial and macro analysis, know how to assess market cycle characteristics with historically reliable indicators. Today, we are looking more top than bottom-like. The segment below offers more sober updates. One caveat to David’s comments on ‘defensive’ equity suggestions: the preface should be “if you have to […]

July 4, 2022 | A Future Draft is Possible in the US

The US military is having trouble recruiting new members, according to the Pentagon. A much lower percentage of Americans are eligible to serve, and within that population, an even smaller amount is willing to enlist. Ret. Lt. Gen. Thomas Spoehr of the Heritage Foundation said, “This is the start of a long drought for military […]

July 3, 2022 | Time Has a Price

One benefit of human progress is the way we gain “common knowledge” that was once anything but common. We observe basic facts—for example, water boils if placed over a flame—and then build on them. Boiling water took us to steam engines and then much more. But that path wasn’t always obvious. We see a similar […]

July 3, 2022 | Street Can’t Scare Up a Decent Bear Rally

Bullish seasonality was at gale force last week, but just look at the tired chart! Is this the best that Wall Street’s quasi-criminal masterminds can do? Have they grown so despairing that they can’t even detonate a 100-point short squeeze when Jerome Powell is bloviating on TV? That was manifestly the case, and torpor could […]

July 2, 2022 | Trading Desk Notes For July 2, 2022

Market worries switch from “relentlessly rising inflation” to “looming recession” The Fed raised s/t rates by 75bps two weeks ago and warned that they will continue to raise rates in an “unconditional” manner until inflation cries “Uncle.” But interest rates have DROPPED since then as the market focuses on the looming recession rather than on relentless inflation. Credit markets March […]