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May 16, 2024 | WTI Breaches US$77/B on Weaker US Demand and Growing Inventories
Market bulls jumped all over the bond and stock markets on the tepid CPI report today. They have renewed the call for the Fed to cut rates at their September FOMC meeting. We suspect this is premature as PPI data was disconcerting and blew past forecasts. The CPI today came in at 3.6% year-over year, […]
May 16, 2024 | The Dow Hits First Target 40,000 – What’s Next?
COMMENT: It is baffling why you are not on the front page of the WSJ, Barons, London FT, NY Times, and every financial newspaper claiming to be interested in markets. In the ’80s, when the Dow was 1,000, you forecast it would reach 6,000 by 1996. On the day of the 1987 low, you […]
May 16, 2024 | Energy Evolution Booming for Economic Reasons
Despite naysayers who continually miss forests for trees, energy technology is rapidly evolving globally and “S” curve adoption is proceeding apace. With a shrinking population and rising unemployment, China sees the imperative of improving efficiency and lowering operating costs through technology. To this end, the country is leading the world in the production of electric […]
May 16, 2024 | Good Times for Canada’s Mining Industry?
Biden’s protectionism will counter US environmental efforts
May 16, 2024 | Is It Time to “Sell in May”?
Cannabis stocks rally on possible US regulation changes. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
May 16, 2024 | Forest Fires Could Cut Alberta Oil Production
Stock Market meme mania a sign its topped out
May 16, 2024 | Where Are We In the Equities Cycle?
EV Battery Recycling already proving to be profitable
May 15, 2024 | Assassination Attempt May be Because He Cut Aid to Ukraine
The Prime Minister of Slovakia, Robert Fico, has suffered an attempted assassination. The rumor is that the assailant was pro-Ukraine. Fico’s renewed leadership as prime minister began with his halting of military aid to Ukraine in January, and just last month, he pushed through plans to crap public broadcaster RTVS. Some have accused the […]
May 15, 2024 | China Ready To Write Down Real Estate Values. Who’s Next?
Governments worldwide are looking for ways to “ease the real estate crisis” now sweeping much of the developed world. The most popular ideas seek to prop up prices while enabling new buyers to obtain even more credit. After decades of epic malinvestment in real estate, China is at the forefront of the spreading property crisis. […]
May 14, 2024 | Breakthroughs, Part 1: Three Potential Threats To Oil, Gas, Uranium
This is the first in a series about breakthroughs in energy and other sectors that might affect some of our basic investment themes. Heading in, keep two things in mind: The vast majority of breathlessly hyped developments in science and engineering never make it out of the lab. Scaling up turns out to be too […]
May 14, 2024 | Swiss Army Knife to Remove Blade – Worldwide Ban of Knives
Those shouting for the removal of the Second Amendment in America do not realize that violent crime is STILL on the rise in other nations. The difference is that they are using either knives, bombs, or illegally purchased firearms to carry out the crime. Banning gun ownership will not change human nature; in fact, […]
May 14, 2024 | Household Debt, Delinquencies, Collections, and Bankruptcies: The Free-Money Era Is Over for our Not So Drunken Sailors
Total household debt outstanding ticked up by $184 billion, or by 1.1%, in Q1 from Q4 to $17.7 trillion, on declines in credit card balances, other revolving balances, and student loan balances, according to the Household Debt and Credit Report from the New York Fed today: Mortgage debt: +1.6%; to $12.4 trillion HELOC balances: +4.4%; […]
May 13, 2024 | Why The USA is Collapsing
Justice Brett M. Kavanaugh spoke at a judicial conference for the 5th U.S. Circuit Court of Appeals, which hears appeals from Texas, Louisiana, and Mississippi. Justice Kavanaugh said that unpopular rulings tend to become the fabric of constitutional law, pointing to the unpopular decision at the time in Brown v. Board of Education, which held […]
May 13, 2024 | Canada Needs Bold New Focus on Net Income Enhancement
More malinvestment in propping up asset prices and the status quo is the opposite of what’s needed. The focus has to be on investments and incentives that increase longer-term efficiency and net income (with full cost accounting for the waste and harm created by different business models and revenue streams). Andrew Grantham, senior economist at […]
May 13, 2024 | Happy Monday morning!
Happy Monday morning! The labour market in Canada has weakened but hasn’t cracked, at least not yet. The economy added 90,000 jobs in the month of April, far surpassing all forecasts while also marking the largest employment increase in more than a year. What a pickle for the Bank of Canada. Rate cut expectations continue […]
May 12, 2024 | China Dethroned as Germany’s Largest Trading Partner
The United States has surpassed China to become Germany’s largest trading partner. Trade between the US and Germany came in at $68 billion (63 billion euros) during Q1, compared to about 60 billion euros between China and Germany. If we look at these figures, they pale in comparison to the aid packages we are […]
May 12, 2024 | Wall Street Journal Boosts Gold FOMO
The Wall Street Journal just published a long article (reposted via MSN) lamenting the fact that everyone suddenly wants gold. So thanks, WSJ, for the FOMO boost: Inside the 21st Century Gold Rush (MSN) – Eric Vazquez, a lineman for a power company in southwest Florida, says he’s holding a lot more gold than most […]
May 12, 2024 | Don’t Be Fooled by Gold’s Stealth Bull
Although there is no publicly traded company called Pirate’s Treasure, the impressive price history displayed in the chart above is real enough. The Canadian company holds royalties to five gold mines that could conceivably rank among the largest in the world someday, according to ‘Spartacus’, a Rick’s Picks regular known for his street savvy, his encyclopedic knowledge […]
May 12, 2024 | Danielle on CBC Weekend Business Panel
The CBC News Network Weekend Business panel takes a look at the top stories of the week. Here is a direct video link.
May 11, 2024 | Trading Desk Notes For May 11, 2024
Despite a quiet, low VOL week, the leading stock indices continued to rally, with the European benchmark index closing at all-time highs. Last week was chockablock with data and event risk; price action was wickedly choppy, and stocks rose. This week was so quiet that you sometimes wondered if the markets were open – and […]
May 11, 2024 | This Week in Money
- Ross Clark: Stock Markets, Dow, Gold, Oil, Cruise Ship Industry
- Mark Leibovit: (12:10) Dow, Oil, Gold, USD, Solar Storm with Northern Lights. Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
- Hilliard MacBeth: (44:55) Real Estate, Mortgage Rates, EVs
- Tony Mitchell: (1:24:06) Director of Marketing with RecycLiCo™ Battery Materials Inc. on Company Showcase – Speed Bump on the EV Adoption Highway Doesn’t Affect Battery Recycling. Honda makes historic auto investment in Canada. Read Financial Post Article – “Honda To Build $15 Billion EV Assembly Plant and Battery Complex in Ontario“. Read Investing.com Article – “Tesla Short Sellers Lose Nearly $5.5 Billion Over Four Days, S3 Partner Says“. Read Yahoo Finance Article – “Battery Recycling Shatters the Myth of Electric-Vehicle Waste“. Read The Economist Article – “Britain’s Black-Mass Problem“. View RecycLico’s Company Presentation. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. Watch – We upcycle cathode scraps and black mass into higher-value battery materials! Video – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada. Questions? Email or Phone: 778.574.4444
May 11, 2024 | Why Does the Government Borrow Its Own Currency?
The problem with people’s attitudes toward the national debt is that everyone has forgotten why we borrowed in the first place. The theory was that if you borrowed rather than printed money, you were NOT increasing the existing money supply, and therefore, in theory, it would not be inflationary. However, the Democrats forgot […]
May 11, 2024 | Tech Talk for Saturday May 11th 2024
The Bottom Line All-time highs at the close on Friday for the Europe, Africa and Far East Index (EAFE Index) and its related ETF: EFA! Strength in the Index was bolstered by an all-time high set by Europe iShares (IEV) and by strength in Chinese and South African equity indices. Honorable mention is given to […]
May 10, 2024 | Indefinite Weekend Driving Ban in Germany?
Germany is moving full speed ahead to reach their asinine climate targets. The citizens who are in essence the very carbon they wish to destroy must be punished for not sacrificing enough to uphold Angela Merkel’s Climate Protection Act. Transport Minister Volker Wissing is now threatening the German people with “an indefinite weekend driving ban.” “In […]
May 10, 2024 | Because We’re Still Not Sufficiently Indebted…
Zero Hedge just posted a long look at how the “buy now, pay later” (BNPL) industry now accounts for about $700 billion of largely unreported “phantom debt”. This, speculates ZH, is why the economy hasn’t fallen into recession. Now come the unintended consequences: Pernicious effects of BNPL credit are piling up: the Harris Poll survey conducted […]