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May 31, 2023 | AI Excitement Distracting Some from Ongoing Bear Market

David Rosenberg, Rosenberg Research founder and president, joins ‘Fast Money’ to discuss why he thinks the A.I. boom is distracting investors from recession risks. Here is a direct video link.

May 31, 2023 | Fall Of American Empire and Descent into a New Dark Ages

“The story of its ruin is simple and obvious; and, instead of inquiring why the Roman Empire was destroyed, we should rather be surprised that it had subsisted so long. The victorious legions, who, in distant wars, acquired the vices of strangers and mercenaries, first oppressed the freedom of the republic, and afterwards violated the […]

May 31, 2023 | That was Fast: Mortgage Rates Re-Spike to 7% Range as it Sinks in that the Fed Won’t Cut Rates “Anytime Soon,” Mortgage Applications Plunge to 1995 Levels. Even Investors Pull Out

The 7% mortgages are back. The average interest rate on 30-year fixed-rate mortgages with conforming balances jumped to 6.91%, the highest since November, according to the weekly measure by the Mortgage Bankers Association today. The daily measure by Mortgage News Daily already went over 7% a few days last week and earlier this week. “Inflation […]

May 31, 2023 | Ukraine Preparing to Engulf the Entire World in Death & Carnage

Some people have been sending hate mail claiming I am a Putin supporter. My advice to you is to grab a gun and go volunteer to fight for Zelensky.  ALL my sources have been screaming from the beginning that this Ukrainian war has been instigated by the US which has been taken over by a […]

May 30, 2023 | Retail Bellwethers Warn on Recessionary Trends

Last week, Costco joined the long line of retail bellwethers sounding the alarm on recessionary trends in consumer spending. It’s everywhere. It’s everywhere. See What Costco’s baskets reveal about consumer finances, to wit: The latest evidence came from Costco whose average customer tends to be higher income. The retailer on Thursday said comparable sales excluding fuel in constant […]

May 29, 2023 | The Real Hidden Agenda – It’s Time to take the Red Pill

COMMENT: Martin, I’m gay and I agree with you on this transgender drivel, especially letting male-born athletes compete in women’s sports. It is becoming scary for those of us who are just gay. We are being thrown in the same category as this transgender agenda. I too have been to Thailand. The Ladyboys in Thailand are […]

May 29, 2023 | Lessons to be Learned in Property Pain

The latest CMHC report notes that Canadian household debt totalled 107% of the country’s economic output at the end of 2021–the highest of any G7 country–and up from 95% in 2010 and 80% in 2007. Household debt has risen since 2021 and amounted to 180% of disposable income at the end of 2022. Mortgages account for some […]

May 29, 2023 | Money at Stake

Happy Monday Morning! The blistering hot spring market, which has been plagued by a twenty year low in new listings across the country is finally starting to simmer. This is welcoming news for home buyers, whom instead of competing with six other buyers might only have to compete with three other groups on offer night. […]

May 28, 2023 | SIC Mix

Business media is famous for propagating buzzwords and phrases, especially if they produce more clicks. The latest is Artificial Intelligence. It’s everywhere and is now a fixture in earnings calls, too. Every CEO is getting asked how AI will fit into or affect their company. It’s not quite as bad as every CEO trying to […]

May 28, 2023 | Pfizer – The New Evil Empire?

I warned that our computer was projecting that Pfizer was making a major peak. Many could not see how that forecast would be correct. Here we are and Pfizer is not a company you want to work for or invest in. Seriously, anyone who has a family member working at Pfizer should cash out before […]

May 28, 2023 | And Now Microsoft Leads the Stampede!

Microsoft’s bullish rampage last week added to already strong evidence that the stock market is headed to new records highs.  The shares of the software leviathan’s shares not only jackhammered through granite resistance in the form of the midpoint ‘Hidden Pivot’ shown in the chart, they ended the week decisively above it. This technical telltale […]

May 28, 2023 | Danielle on CBC Weekend Business Panel

Danielle appeared on CBC’s Weekend Business Panel talking about the CMHC report on Canadian household debt levels, AI mania and the US debt ceiling. Here is a direct video link. 

May 27, 2023 | Trading Desk Notes For May 27, 2023

Nvidia Following a quarterly report described by one analyst as “The greatest beat of all time,” Nvidia’s market cap soared by >$200 Billion on Thursday, the largest one-day value increase of any company in American equity market history. The company’s market cap at the beginning of this year was ~$350B; at Friday’s close, it was ~$960B. The share price at […]

May 27, 2023 | More “In Gold We Trust” Charts

The US just reported that core PCE, “the Fed’s favorite inflation measure,” accelerated in April. This worsens the central bank’s dilemma: Growth is clearly slowing, while inflation, already at crisis levels, is rising. Luckily, the genius chart makers at Incrementum AG are on hand with a new “In Gold We Trust” report that addresses this very issue. Here’s a short […]

May 27, 2023 | Lacy Hunt Update on Financial and Business Cycle

For those that want to skip to the bottom line, a discussion of the latest money flow data begins at the 29-minute mark on the play bar. Dr. Lacy Hunt and I discuss how excessive debt never ends well. Additionally, we explore the history and current structure of debt and interest rates relative to the […]

May 27, 2023 | Tech Talk for Saturday May 27th 2023

The Bottom Line Big cap technology stocks and their relation to Artificial Intelligence (AI) dominated upside technical action last week. Excluding stocks in this sector, most U.S. and Canadian equity sectors moved lower. Resolution of the U.S. debt ceiling has not arrived yet. New deadline officially is Friday June 5th, but unofficially the deadline is […]

May 27, 2023 | This Week in Money

May 26, 2023 | Fed’s Favored Core PCE Price Index Re-Accelerates, Driven by Services, Motor Vehicles: Inflation Stuck on High, Shifts from Item to Item

The inflation index favored by the Fed, the core PCE price index – which, by excluding the food and energy products, is a measure of underlying inflation – re-accelerated in April, as services inflation re-accelerated back into the red-hot zone, and as durable goods prices rose, after falling for months, driven by a jump in […]

May 26, 2023 | The Bank of Canada Sounds Worried

The Bank of Canada uses more alarmist language in its latest Financial System Review (FSR), a regular report that discusses the risks to the Canadian financial system. Should we be more worried about Canadian banks? Canadian central bankers write an assessment of the health of the Canadian financial system on a regular basis, highlighting risks […]

May 26, 2023 | Tech Mania Magnifies Downside From Here

In the latest AI-driven chapter of mania, chipmaker Nvidia has leapt 186% year to date and is trading about 15% above its November 2021 top. At less than $50 billion in expected 2023 revenue and a current market cap of $1 trillion, the stock is trading about 44x expected sales. Pure madness. There’s no math […]

May 26, 2023 | Maxime Bernier: Portage-Lisgar Can Make History

May 26, 2023 | Unwinding of the Financial Bubble Will Take Time

Creditors with good financial ratings may default anyway

May 26, 2023 | Batteries Will Be Dying To Do Business with RecycLiCo™

RecycLiCo™ CFO Shaheem Ali updates on the Company and the Market. Read the Latest News. Read The New York Times Article – “The U.S. Needs Minerals for Electric Cars. Everyone Else Wants Them Too“. Read Chemistry World Article – “Battery Recyclers Race to Increase Capacity and Efficiency“. Read Battery News Article – “Batterie-Recycling in Nordamerika“. […]

May 25, 2023 | Chinese Illegals Entering America Surge over 900%

The US government is responsible for opening the border and allowing a full-scale invasion. They announced the end of Title 42, unlike other measures they keep hidden, and gave outsiders the information they needed to plan their invasion. There were numerous stories about Chinese spies infiltrating America.  Companies were prohibited from conducting business with certain […]

May 25, 2023 | Deflationary Forces on Deck

Will Debt Debate Finish the Fed’s Inflation Battle? — DiMartino Booth joins Charles Payne of Fox Business News to discuss. Here is a direct video link. As shown below, inflationary pressures have come off hard year over year (Trueflation data here). As monetary and fiscal forces contract, recession, rising unemployment, excess supply, and overcapacity are formidable […]

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