November 30, 2024 | This Week in Money

• Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar. Special Offer! 25% Off New Annual Subscriptions.
• Rick Ackerman: (8:43) AI, Bitcoin, Lithium, Outlook for 2025.  Free Trial Offer!
• Mark Leibovit:  (39:33) Cryptocurrencies, Gold, Oil, Cannabis, Uranium. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

November 30, 2024 | Tech Talk for Saturday November 30th 2024

The Bottom Line Focus this week is on fiscal fourth quarter results released by Canada’s largest banks. Economic News This Week  October U.S. Construction Spending released at 10:00 AM EST on Monday is expected to increase 0.2% versus a 0.1% gain in September. November ISM Manufacturing PMI released t 10:00 AM EST on Monday is […]

November 29, 2024 | Trump Threats of Tariffs Worry Canadians

President-elect Trump doubled down on his threat to impose tariffs on imports to the U.S.  This time he focused on two countries — Mexico and Canada — with a statement that he would put a 25 percent tariff on imports. How should Canada counter these threats? This week Trump posted: “On January 20th, as one […]

November 29, 2024 | Record Valuations and Most Bulls Since 1987

The S&P 500 (26% concentrated in the five most expensive tech companies) is trading at 38x smoothed 10-year earnings, just marginally below the all-time high of 43x briefly seen at the 2000 tech bubble top and much higher than the previous bubble top in 1929 (Shiller PE ratio below since 1870). But then, most are […]

November 29, 2024 | AI Sucking the Power Grid Dry

How long can stock market rally last?

November 28, 2024 | Wong: Economy Not Strong, Unemployment Likely to Surge

About that Trump trade… The last time today’s expert was on the program back in July, she was concerned about rising unemployment. Is she still as worried about it as we prepare to enter a new year with a new Administration taking over? To find out, we have the good fortune to talk today with […]

November 28, 2024 | Mexico Threatens Retaliatory Tariffs on US

  Mexico’s new President Claudia Sheinbaum is asking Trump to use a bit more common sense when threatening to implement tariffs before a tit-for-tat game ensues. “One tariff would be followed by another in response, and so on until we put at risk common businesses,” Sheinbaum said. It would come as no surprise if the […]

November 28, 2024 | Why Doesn’t Canada Pension Plan Support Canadian Business?

Ink Research Insiders Index out performs TSX for a decade

November 28, 2024 | Crude Oil Retreats US$2/b On Israel/Hezbollah Ceasefire.

President elect Trump is moving quickly on his tariff plan with a threat on social media to tax Canada and Mexico 25% and add 10% to China tariffs. His argument is that he needs support on keeping drugs out of the US and to stop the migrant invasion. If his need was economic he would […]

November 27, 2024 | Trump: Secure the Borders or Pay Tariffs

  Donald Trump wants to ensure that America’s neighbors to the north and south help him fight the migrant crisis, announcing that he will punish both Canada and Mexico with a 25% tariff on goods until migrants stop crossing into America from their lands. Justin Trudeau reportedly called Donald Trump within two hours of his […]

November 27, 2024 | Recession Watch: Bad News From Around the World

China   From the Kobeissi Letter: China’s consumer confidence index dropped to 86 points in August, near the lowest in 30 years. Over the last 3 years, consumer confidence in China is down ~ 50 points. Such a drop in consumer assessment of the Chinese economy has almost never been seen before. Foreign firms are also […]

November 26, 2024 | Regulating Crypto Under Premise of Climate Change

Governments are enacting subtle regulations over crypto. Texas has come out to demand that crypto miners report their power usage to the Electric Reliability Council of Texas (ERCOT). The state claims they need this information to regulate its volatile power grid. Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson stated that miners must provide […]

November 26, 2024 | The Hard Math of Election Promises

2024 was about election promises. 2025 will be about the math of delivering. This segment looks at tariffs, taxes and spending cuts. With hedge fund manager Scott Bessent poised to be the next U.S. Treasury Secretary under the incoming Trump administration, ambitious plans are emerging to slash the national deficit-to-GDP ratio. But can they succeed? […]

November 26, 2024 | Health Prepping: How to Offset All That Sitting

By now we’ve all seen at least one article titled “Sitting is the New Smoking.” That’s a clever title that instantly engages the reader. It’s also apparently true. People who sit for most of the day tend to have all kinds of circulatory and metabolic problems that frequently end up killing them. Here’s an overview […]

November 25, 2024 | Keystone XL Pipeline Revival?

  Do you recall when America was energy independent? One must only think back a few short years before Joe Biden entered the White House and suppressed the nation’s ability to generate energy in the name of climate change. There were increased regulatory burdens, halts on new oil and gas leases, and a shift to […]

November 25, 2024 | On The Edge of World War 3

So in his last act before shuffling off the stage, the US president … greenlights Ukraine’s use of long-range missiles to strike deep into Russia. The latter then fires — for the first time ever — a hypersonic ICBM capable of delivering a nuclear payload to pretty much anywhere in a matter of minutes. And just like […]

November 25, 2024 | Capital Preservation

Happy Monday Morning! Last week we penciled a newsletter titled Wildly Offside, in which we highlighted new research from the Parliamentary Budget officer. As we had noted below, The PBO had previously reported that Canada needs to build another 1.3 million homes by 2030 to close the housing gap — and today it says the revised […]

November 25, 2024 | About That: Why is the Loonie So Low?

The Canadian dollar is now at its lowest point since the peak of the COVID-19 pandemic, and analysts predict it could fall below 70 cents US in the coming months. Andrew Chang explains why the dollar’s value has fallen so much and the impact it could have on everything from travel plans to interest rates […]

November 25, 2024 | Disrupt, Defund, Deport, Deny, Destroy

“At home, fellow citizens, you best know whether we have done well or ill. The suppression of unnecessary offices, of useless establishments and expenses enabled us to discontinue our internal taxes. These covering our land with officers, and opening our doors to their intrusions, had already begun that process of domiciliary vexation which, once entered, […]

November 24, 2024 | Rhyming History: Rome’s Hyperinflation

As the old saying goes, “History doesn’t repeat, but it does rhyme.” Which means there are plenty of lessons to be learned from our ancestors’ screw-ups. This post is the first in a series covering some of humanity’s more useful cautionary tales. The logical starting point is of course ancient Rome, with its many disturbing […]

November 24, 2024 | Waste, Fraud, and Abuse

Politicians and think-tank wonks of all stripes love to condemn government “waste, fraud, and abuse.” But saying it isn’t hard. Who is the opposition? No one says we need more waste, fraud, and abuse. We’re all 100% agreed all three are bad. It’s when you get specific—saying this agency or that program isn’t accomplishing what it should—that […]

November 24, 2024 | Let’s Execute a Few Internet Scammers!

Have you heard from “Cleo Kenmille” or “Caroline Johnson”? If not, consider yourself fortunate. Those are pseudonyms used by a crew of shitbags who work out of bucket shops that lie beyond the reach of international law. Their job is to steal money from you or anyone else who is familiar with PayPal, the online […]

November 24, 2024 | DEA Suspended from Robbing Airline Passengers

  The Drug Enforcement Administration (DEA) has been criminalizing airline passengers since the Patriot Act gave them the permission to treat everyone as a suspected terrorist. The Justice Department has finally suspended the DEA from most passenger searches after an investigation revealed that the DEA was perhaps violating the Constitution with illegal and warrantless searches. […]

November 23, 2024 | Trading Desk Notes for November 23, 2024

American exceptionalism: US stocks have hugely outperformed the rest of the world. The S&P is up ~46% from its October 2023 lows. It jumped ~5% during election week, the biggest weekly gain YTD, corrected a bit last week and rallied again this week. The NAZ is up ~51% from October 2023 lows. The NAZ has […]