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August 31, 2022 | Chinese Property Strife is Contagious

Falling property prices and a growing cash crunch are upping financial pressures globally. Chinese real estate development and its capital flow to other countries like Canada helped inflate demand and prices from 2009 to 2021. Reverse effects are being felt worldwide too. See more on the implications for developers, lenders and investors in WSJ: China’s property […]

August 31, 2022 | Trudeau Throws C$100 Million at Woke Agenda

As Canadians grapple with inflation, most taxpayers are eager to spend money on 2SLGBT programs and awareness. Well, at least that is what the Trudeau Administration falsely believes. The government has budgeted C$100 million for 2SLGBT initiatives. Sadly, they have the power to spend this money recklessly without the taxpayers’ consent. I had to look […]

August 30, 2022 | Taiwan to Destroy Chinese Drones

The video above has gone viral, depicting Taiwanese soldiers throwing rocks at drones believed to be sent by China. Reports are circulating that Taiwan also allowed store-bought civilian drones to enter its airspace, which leaves many to wonder how they can compete against China’s military surveillance. Backed by the US, Taiwan is beginning to push […]

August 30, 2022 | EPB Macro Compares 2022 and 2008 Housing Market Risks

This video presentation offers an illuminating comparison of US housing market risks today versus the last bust in 2008. Many economists are talking about a potential 2022 housing crash, but very few are comparing this housing market to the 2008 crisis. In the video we will look leading indicators, debt levels, and monetary policy from […]

August 29, 2022 | Trading Against Yourself

COMMENT: Thank you for your monthly subscription, interviews, and blog. I have a monthly subscription to Socrates. I did do investments and made more than enough to pay my yearly dues, albeit with some stomach ache. Weekly might have been better than monthly, but my investment amounts are not at the institutional level. Socrates doesn’t […]

August 29, 2022 | Floating Rates

Canadian banks reported quarterly earnings this past week. One thing was clear, loan loss provisions are increasing, albeit from very low levels. Banks are preparing for more turbulence ahead, as highlighted by comments from Canada’s largest bank, RBC. The bank says interest rate hikes may trigger higher monthly payments for 80,000 customers with variable rate mortgages. […]

August 28, 2022 | Zuckerberg Admits FBI Manipulated the Election

Mark Zuckerberg admitted that Facebook aided the FBI in manipulating the 2020 Presidential Election. This is huge news that proves the FBI had direct involvement in helping Joe Biden become president. Zuckerberg opened up to Joe Rogan and revealed that the department contacted him to say Russia was planning to release a disinformation campaign, and […]

August 28, 2022 | Bozo-dom’s Friday Frisson

[The Morning Line commentary will resume on Sunday, September 17, to allow your editor a holiday break.  In the interim I will continue to update ‘touts’ and to post in the Rick’s Picks trading room as usual. RA]    The way stocks plummeted on Friday, one could almost believe that Fed blatherer-in-chief Jerome Powell made it happen.  We know […]

August 28, 2022 | QT at the Bank of Canada: Assets Down 24% from Peak. Spiraling Losses on Bonds, to Be Paid for by Canadians

On the Bank of Canada’s balance sheet released Friday, total assets of C$439 billion were down by 24% from the peak in March 2021 (C$575 billion). By comparison, the Fed’s balance sheet peaked in April 2022. The BoC’s Quantitative Tightening (QT) started in essence in April 2021 and is way ahead of the Fed’s QT. […]

August 27, 2022 | The Real IRS Hunt

There is NOTHING that the politicians EVER say that is the truth. Hiring 87,000 new IRS agents is NOT to go after billionaires as they claim. There are ONLY 614 billionaires in the United States. Clearly, you do not need 87,000 new agents to hunt down billionaires – they are coming after you! There is […]

August 27, 2022 | Trading Desk Notes For August 27, 2022

Powell was more hawkish than expected – stocks, bonds, and gold tumble – USDX hits a new 20-year high Powell’s Jackson Hole speech on August 26 was much more hawkish than markets had expected. He said that the Fed is determined to get inflation back to its 2% target and that “restoring price stability will likely require maintaining a […]

August 27, 2022 | Your Inflation May Vary

People who think about the economy are a non-random subset of the population. Most folks aren’t like us. Worse, we aren’t always like us. Hence the endless arguments. Currently our subset is debating whether we face inflation or recession. In my view, it’s not an either/or question: We can have inflation and recession. That’s why I keep talking about […]

August 27, 2022 | Biden’s Student Loan Forgiveness Bribe

While many are praising Biden for maintaining his campaign promise to cancel student debt, others are furious that the costs will be passed on to the taxpayers. Even Mitt Romney accused Biden of bribing voters before the midterms. “Biden’s student loan forgiveness plan may win Democrats some votes, but it fuels inflation, foots taxpayers with […]

August 27, 2022 | This Week in Money

August 26, 2022 | The Fed: Cold Shower on the Way

Fed Chairman Jerome Powell gave a hawkish speech today about how the Fed was going to do whatever it takes to get inflation back to 2%. How will this change in Fed monetary policy impact housing prices? If the Fed keeps its word in its commitment to bring inflation down to 2% (it’s 8.5% now), the […]

August 26, 2022 | Green Hydrogen is a Great New Opportunity for Newfoundland and Canada

Germany wants Canada to become a world leader in the production of hydrogen. With a visit from a star-studded delegation from Germany, Newfoundland gains credibility as a potential new centre for clean hydrogen. The delegation included German Chancellor Olaf Scholtz, the Economy Minister Robert Habeck as well as the CEOs of Volkswagen, Bayer, Uniper (spin-off […]

August 26, 2022 | Rosenberg: Rate Hikes Likely to End Sooner Than Markets Think

David Rosenberg, founder of independent research firm Rosenberg Research & Associates Inc., talks with Financial Post’s Larysa Harapyn about how rate hikes will end sooner than markets think. Here is a direct video link.

August 26, 2022 | CTO Zarko Meseldzija Discusses Demonstration Plant Achievement and LFP Recycling

Recap of signed Inflation Reduction Act. Read August 24, 2022 News. Read August 17, 2022 News. Read August 16, 2022 News. Read ElectricAutonomy Article – “VW, Mercedes Sign MOUs with Canada to Secure Battery Minerals Supply, Hint at More Value-added News To Come“. Read Edie Article – “‘Acute’ Lithium Shortages Forecast by 2035, as Battery […]

August 25, 2022 | Housing Has Led The Deepest Economic Contractions Historically

Some 65%+ of households in Canada and the US own real estate. While the most affluent 10% own 89% of the stock market (in some form), the bottom 90% own 55% of all real estate. Being the lion’s share of household net worth, what happens in the housing sector is the most significant driver of […]

August 25, 2022 | “OMG. My Rent Just Went Up 10%”

    You:   OMG.  My rent just went up 10%.   Econ PhD at the Fed:   Yes, but when adjusted for 10% inflation, your rent didn’t go up at all.   You:   Are you nuts?  What is wrong with you?   Econ PhD at the Fed:   I went directly into government work after spending 15 years […]

August 25, 2022 | Why Canadian Battery Metal Miners Could be Hot

Warning signs of a risky mining stock

August 25, 2022 | The Most Unusual Bear Market Ever

Meme stock buyers still haven’t learned from their pain

August 25, 2022 | The World According to Schwab?

QUESTION:  Dear Mr. Armstrong, First, thank you for all the wonderful work you do. I have been following your blog for many years and am always amazed at your insight and historical knowledge. I had a question regarding your assertion that the WEF/ Globalists will not win. I am assuming you mean that their vision […]

August 25, 2022 | Dumbest People Are Being Eliminated

Freeze and Starve this Winter

August 24, 2022 | Coinbase Crackdown

Comment: I use Coinbase to hold some crypto. They sent me an email saying that my account that I had for years would be limited to withdrawals only if I do not give them updated government ID and download the latest version of the application. I use this on my PC and do not have the […]

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