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March 20, 2023 | Interesting Discovery

“Quickly” is a word uppermost in my mind, as I try to fully comprehend the sudden collapse of Silicon Valley Bank (SIVB). SIVB stock traded at $700 just over a year ago, before, essentially, going worthless. It was the speed of the decline that was so unnerving. Quickly will also come to describe the inevitable […]

March 20, 2023 | Biden Has Seized Your Pensions For His Agenda

President Biden’s decision earlier on Monday to veto a bill that would have killed a Labor Department rule on environmental, social, and governance (ESG) investing, has effectively seized your pension and expropriated it directing it to invest in this failed green agenda. That is UNCONSTITUTIONAL and there needs to be an immediate class action suit […]

March 20, 2023 | Gone Missing

Happy Monday Morning! National housing data dropped for the month of February, and there’s a lot to unpack here. Home sales plunged 40% year-over-year in February, coming off a blistering hot market this time last year. When you zoom out further it was the weakest February since 2009. However, there’s a caveat. New listings utterly […]

March 20, 2023 | Rates, Banking, Recession and Markets

Ted Oakley interviewed David Rosenberg of Rosenberg Research with his thoughts on banking situations, interest rates, recessions, and the stock and bond markets. Here is a direct video link.    

March 20, 2023 | Can AI read your mind?

Some of our past articles have discussed Chat GPT & the huge buzz it has created, starting back in about November 2022. Since then, AI technologies have been moving forward rapidly, and we see it making major inroads into commercial applications. Microsoft is prepared to invest $10b as it integrates AI into its MS-OFFICE products, […]

March 19, 2023 | To Pivot, or Not to Pivot, That Is the Question

To pivot, or not to pivot? That is the question Fed Chairman Powell will have pondered over the weekend while tending chicken breasts, franks and burgers spaced meticulously on the grating of a 148,000 BTU grill. If conscience doth indeed make cowards of us all, we might expect him to act boldly. But how? Does […]

March 19, 2023 | The Decline & Fall of the United States

COMMENT: Hi Marty, Seems to me the Democrats are following the time honored practice South American governments have resorted to in recent years when one party displaces another in a national election. In Brasil, the current president, Lula, spent 3 years in jail for charges of corruption. His successor was later removed from office. Now Bolsonaro has fled […]

March 19, 2023 | Another Unstable Finger

“There’s an old saying: Whenever the Fed hits the brakes, someone goes through the windshield,” said Michael Feroli, chief economist at J.P. Morgan. “You just never know who it’s going to be.” (The New York Times, March 16, 2023) For years I’ve used a sandpile metaphor to describe complex systems like banking. Keep dropping grains […]

March 19, 2023 | The Most Splendid Housing Bubbles in Canada: March Update on the Housing Bust

This is the beginning of spring selling season. So let’s see. Home sales in Canada rose by 2.3% in February from January, but that was less of an uptick than it should have been, and on a year-over-year basis, sales plunged 40%, compared to the 37% plunge in January. Prices of single-family houses in February […]

March 19, 2023 | On The Edge

It appears that we are on the threshold of being able to buy silver at prices that will never be lower. Silver prices are set to embark on an upside price journey that will reward those who own it in life-enhancing ways. It only seems logical to buy what is arguably the most undervalued investment […]

March 18, 2023 | Trading Desk Notes For March 18, 2023

Things break when interest rates have been near zero for more than a decade and then rise ~5% in less than a year! Today’s blog will focus on price action across markets; I’ll avoid commenting on “what’s wrong with banks;” thousands of new social media experts have already exhausted that subject. Interest rates declined in […]

March 18, 2023 | Chaos & the Secret Order to Everything

Economics is the ONLY field where cycles are denied. Moreover, people do not even comprehend how COMPLEXITY emerges. Alan Turing was a brilliant mathematician who is probably the father of computers for he built the really first computer to break the German Enigma Machine. The man was Alan Turing. He invented the computer and broke […]

March 18, 2023 | Gold & Silver Soar — and More Silver Departs SLV

18 March 2023 -Saturday Yesterday in Gold, Silver, Platinum and Palladium The gold price crawled quietly higher until around 3 p.m. China Standard Time/7 a.m. in London in GLOBEX trading on their Fridays — and then traded flat until 11 a.m. GMT. The gold price began a rally that ended around 2:50 p.m. in after-hours trading in […]

March 18, 2023 | This Week in Money

  • Ross Clark –  Stock Markets, US Bank Collapse, High Tech
  • John Kaiser – (12:48) Junior Mining Companies, Electric Vehicles, Battery Materials, PDAC
  • Eric Hadik – (41:40) Market Cycles, Interest Rates, Bonds, Gold, Energy, Weather

March 17, 2023 | Yellen Casts Doubt of Covering All Depositors

 We have a serious problem here. Depositors in a bank are NOT risking their money as an investor in a hedge fund. They expect honesty and stability. If the bank is trading and doubles its money, it belongs to the shareholders – not the depositors. Likewise, a loss belongs to the shareholders and that means 100% […]

March 17, 2023 | Morons We Should Know: Janet Yellen

Watching almost any U.S. policymaker try to explain what they’re doing these days is a surreal experience. Whether it’s foreign policy — especially our multi-front plan to start World War 3 — or public health or border security, it’s clear that these guys have absolutely no idea how their tools work or what the result […]

March 17, 2023 | Canadian Banks are Different But Not Immune

Several banks made headlines this week. The Silicon Valley Bank of San Francisco was wound up after deposits fled. First Republic Bank, also of San Francisco, got into trouble and was rescued. Credit Suisse received government aid. Are Canadian banks next? These banks are in trouble for a variety of reasons but there’s a common […]

March 17, 2023 | Can US Banking System Weather SVB Collapse?

Risk taking banks going under, nothing new

March 16, 2023 | Deep Fakes, Artificial Intelligence and the Shrinking Trust Horizon

Some astoundingly consequential things have just happened, and in coming years they’ll reshape — if not end — our connection to the virtual world. Two examples: Deep Fakes It is now apparently possible to create videos of people doing and saying things they haven’t actually done or said. Imagine a YouTube video of a politician […]

March 16, 2023 | What Happened to Swiss Banks?

Good big picture in this segment. A global clampdown on tax evasion, led by U.S. law authorities, has transformed the banking industry in Switzerland. Without its famed reputation for secrecy, wealthy foreigners no longer see it as a haven to hide their money. So how have Swiss banks adapted? Here is a direct video link.

March 16, 2023 | Darwin Stupidity, Globalists Exposed, Depopulation, Strippers

Gold, USD, Bank Collapses

March 16, 2023 | Maybe You Should Be Doing What Warren Buffet is Doing

Market Volatility Usual This Time of Year. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

March 16, 2023 | Banking Concerns Should See a Big Boost in Gold

No Need to Panic Over Bank Collapses

March 16, 2023 | There Is No “Real” Money to Back Up Failed Banks

Market obsession with the Fed disconcerting

March 16, 2023 | Cash Not Accepted

There once was a time when cash was the undisputed king. Merchants preferred cash payments over credit, and there were often incentives for paying with paper. I recall receiving lower gas prices when paying with cash, for example. It is increasingly common to see “no cash accepted” signs at establishments as the world moves toward […]

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