August 9, 2022 | Why I’m More Bullish Than Ever

A subscriber asked if I was more bullish on silver than ever. I told him yes, I was. Them, it dawned on me that I may not have properly conveyed my strong feelings that silver may soon explode in price (and drag gold along with it). After nearly 40 years, I believe the silver manipulation […]

August 8, 2022 | FBI Raids Trump’s Home – DOJ Planning Indictment – End of the USA As We Have Known It

The Democrats are desperate to win in November and they are taking the United States down the drain in order to forcefully impose their will, or should I say the Great Reset. On the approaching 250th anniversary of the signing of the Declaration of Independence, The Democrats are toying with what will most likely end […]

August 8, 2022 | Housing Bear in Early Stages

As prices rose, industry participants urged policymakers to stimulate supply with tax incentives and enable demand with easy credit; now that home prices are falling (as they should), the same people are urging policymakers to help prop prices up. 😊 Quick profit, not affordability, was always the goal and that golden goose is now dead. The giveback phase […]

August 8, 2022 | No New Couches

As discussed last week, our early indicators pointed to Greater Vancouver home sales falling to a 22 year low in home sales for July. The Real Estate board has officially confirmed the precipitous decline. July sales were also 35% below the ten year average, and the typical price of a home is now down 4.5% […]

August 7, 2022 | Thoughts on ‘The Drive’

[The following went out last month to clients of my friend Doug Behnfield, a wealth management advisor and senior vice president at Morgan Stanley in Boulder CO.  Like your editor, he is skeptical that consumer inflation can persist for long with the U.S. economy in recession and a bear market in progress. Deflation is coming, he […]

August 7, 2022 | American Household Debt Surpasses $16 Trillion

American household has reached a new high, according to a report by the Federal Reserve Bank of New York. Total household debt has surpassed $16 trillion for the first time in American history. Americans have taken on $2 trillion in additional debt since the pandemic. Aggregate household debt balances rose by $312 billion in Q2 […]

August 7, 2022 | Weirdness Factors

It’s a recession! No, not yet! I see these arguments everywhere and I’m already tired of them. For those who believe it is not yet a recession, I will make a deal with you. The third quarter is likely to be negative. When we have three quarters of a recession in a row, just give […]

August 6, 2022 | Trading Desk Notes For August 6, 2022

Markets that don’t fall on “bad” news probably go higher My macro bias over the past few weeks has been that inflation would stay higher for longer than markets were pricing. I thought stock indices were in a bear market rally, based on the notion that Peak Fed had come and gone with the June […]

August 6, 2022 | The Big Commercial Silver Shorts Stand Pat

06 August 2022 — Saturday Yesterday in Gold, Silver, Platinum and Palladium Gold’s high tick of the day, such as it was, was set a few minute before 9 a.m. China Standard Time on their Friday morning in GLOBEX trading — and from there it was sold quietly and unevenly lower until the noon silver […]

August 6, 2022 | This Week in Money

• Ross Clark –  Stock Markets, US Dollar, Canadian Dollar, Gold, Oil.
• Rick Ackerman – (08:10) Interest Rates, Deflation, Real Estate.  Special Offer! 14 Day Free Trial!
• Victor Adair –  (36:16) Currencies, Gold, Copper, Electric Vehicle Revolution

August 5, 2022 | The Official Recession Label Will Come Much Too Late To Be Useful

The probability of recession in the U.S. is high. The popular definition of recession — two consecutive quarters of negative growth — has already occurred. But there is no official declaration of recession, yet. Why the delay in calling a recession? Some people argue that a U.S. recession has started. The test of two consecutive […]

August 5, 2022 | Auto Bubble Deflating

Ultra-easy credit conditions in 2020-21 conditioned many to think that prices–from vehicles to homes, consumer goods, crypto, stocks, junk debt, et al.–only go up. Painful lessons are the natural aftermath of such misguided thinking. In the July University of Michigan consumer sentiment survey, 15% of respondents said that interest rates were now impeding their ability […]

August 5, 2022 | Recession Mongers Shocked & Horrified by this Surge in Employment

It wasn’t the hottest growth in jobs ever, but it was big and exceeded the pre-pandemic average job growth. Employers added 528,000 workers to their payrolls in July, and 2.79 million over the past three months. Wages jumped, but less than raging inflation, and the number of unemployed people actively looking for work fell to […]

August 5, 2022 | Crypto Blockchain Quite Hackable

Could ditching neckties save energy?

August 4, 2022 | COVID Vaccine Lawsuits Begin

NorthShore University HealthSystem in Chicago was sued by a nonprofit religious organization called Liberty Counsel. The group claims that NorthShore violated workers’ religious autonomy by dismissing religious exemptions and forcing all workers to receive the COVID-19 vaccine. NorthShore was in the wrong and decided to settle for $10,337,500. Over 500 current and past employees will […]

August 4, 2022 | Bear Market Update

As of yesterday’s close, the economically sensitive small-cap Russell 2000 index had bounced 15% from June 12 and remained -22% from its October 21, 2021 high. The tech-heavy Nasdaq had rallied 19% since June 16 and remained -21% since November. Canada’s resource and bank-heavy TSX was +7% since July 14’s low and -11% from its […]

August 4, 2022 | Canadian Real Estate – When The Bubble Bursts

Recession in Canada

August 4, 2022 | Bear Market Rally, US Recession, Inflation

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August 4, 2022 | Bear Market Rally, Real Estate, Interest Rates

Cryptos, NFT’s, Free Trading Apps

August 3, 2022 | Fertilizer Bans Lead to Food Scarcity

Canada’s Trudeau is proposing to reduce fertilizer with the globalist goal of achieving zero emissions by 2030. Every indicator says that food scarcity is on the rise, and yet politicians are continually making it harder to farm. Trudeau’s plan entails a 30% reduction in fertilizer and is a direct threat to the food supply. Fertilizer […]

August 3, 2022 | Inflation Explained

Milton Friedman (1912 – 2006) was an American economist and statistician who received a Nobel Prize in Economics in 1976. In the 1960s, Friedman declared that inflation is ‘always and everywhere a monetary phenomenon’ — a problem of printing too much money. The 29 second video below explains why inflation is  just like alcoholism   […]

August 3, 2022 | Bond Yields are Responding

The worlds most important central bank, the US Federal Reserve, raised rates another 75bps this past week. The following day, second quarter GDP contracted 0.9%, marking the second straight quarter of contracting economic growth. While policy makers are not officially calling it a recession, we are arguably in one already. As highlighted by the always […]

August 2, 2022 | Klaus Schwab – How to Rule the World – Maybe!

    Klaus Schwab does not understand human nature or how the world economy functions. He preaches Stakeholder Economics which failed and was instituted during the Depression BECAUSE there were no government programs. The theory then was that companies should contribute to saving society. It failed because there was no coordination, for every company was […]

August 2, 2022 | Housing Leading The Economy into Recession

Eric Basmajian explains what the 2022 housing downturn means for the coming recession. Here is a direct video link. He further reviews the significance of other economic indicators in this audio segment. In Episode 263 of Hidden Forces, Demetri Kofinas speaks with Eric Basmajian. Eric is an economic cycle analyst and the Founder of EPB Macro Research, […]