ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 16, 2018 | Is the ‘Fed’ Driving Interest Rates Down? The 10 year is now 3.07%!
Today, November 16, 2018, shows that the 10 year treasury is down to 3.07%. This is down from 3.24% on November 8. That’s rather substantial. How is the Fed accomplishing this event and why? It appears that the balance sheet of the Fed did not go down this past week. Could it be that our Fed […]
November 16, 2018 | Central Banks Take Aim at Bitcoin
DUBLIN – We’re in Dublin… en route to the USA for the holidays. Dublin is a vibrant, lively city. Not especially elegant, unlike Paris… and not especially dynamic, unlike London… Nor is it especially huge and imposing, like New York or Chicago. Instead, it is a comfortable, charming, livable place… with many restaurants, hotels, and […]
November 16, 2018 | Global Slowdown Hitting Vulnerable Canadian Economy
As Canadian crude fathoms a record low this week (chart below), we have news today that Canadian home sales fell further in October. Heavily indebted and unprepared, the global downturn is coming at a particularly vulnerable time for Canada. Even worse, what savings and pensions households do own have been funnelled into over-valued corporate securities and funds that […]
November 16, 2018 | ‘It Has Begun’
After all of the reports, data, stats and polls, let’s finish off this dreary week with some real-life reasons why Canadian real estate – at least as we know it in the bubble regions – is a big-risk place to put money. The supply of greater fools is being exhausted. We’re hitting the wall of […]
November 16, 2018 | A Messy Brexit Means Opportunity
Brexit is in the news again, as a possible November/December summit between the EU and the UK nears along with the March 29, 2019 Brexit deadline. There are many possibilities for next steps in the Brexit saga, including an agreement on Brexit terms in November or December, a November crisis over Brexit terms leading to […]
November 16, 2018 | GE, Nvidia, Nordstrom, Bitcoin All Tank, And The Fed Notices
The sense that something isn’t right out there just got a ws: Chipmaker Nvidia plunges after missing on revenue and guidance (CNBC) – Nvidia stock fell as much as 19 percent Thursday after the company reported earnings for the third quarter of its 2019 fiscal year, which ended on Oct. 28. The chipmaker fell short […]
November 16, 2018 | Real Estate – Taxes – Currency
COMMENT: Dear Martin, I bought ‘The World Real Estate Report’ at the end of 2016. It stated that Australian real estate was going to fall after the first quarter (March) in 2016. The property prices in Melbourne (where I live) continued to rise in April 2016 so I sent an email to Socrates Support asking […]
November 15, 2018 | Stagflation, Here We Come
What I’ve learned at the Federal Reserve is a new language which is called “Fed speak.” You soon learn to mumble with great incoherence. – Former Federal Reserve chairman Alan Greenspan DUBLIN – Alan Greenspan is alive and well. Aged 92, he was on TV yesterday telling viewers that “unless they get control of the […]
November 15, 2018 | In Defense of Hard Money: A True Story
I first encountered a logical and persuasive defense of hard money in Ayn Rand’s novel Atlas Shrugged. But long before then, I understood very well that gold and silver are valuable. It started with copper. You see, as a small boy, I started collecting pennies—which were still made of copper at the time. Once I […]
November 15, 2018 | Why a Hard-Core Bitcoin Bear Is About to Turn Bullish
In my forecasts over the last year, I’ve treated bitcoin with skepticism and disdain, to put it mildly. (Check out the $BRTI tout at the bottom of the Rick’s Picks home page to see how I’ve scorned not just cryptocurrencies, but those who have loudly hyped them for personal gain.) My strong doubts will have spared subscribers who […]
November 15, 2018 | National Crane Index: Still Raining Cranes in Australia Despite Housing Bust
Australia’s “crane index” hit a new record high. Expect a major home builder bust along with an accompanying recession. Still Raining Cranes Despite the housing bust and a declining number of cranes in Sydney, It’s Still Raining Cranes in Australia. Construction cranes have become a permanent feature of the urban landscape as developers compete to build […]
November 15, 2018 | Going local
So far in dreary November, sales of houses in Victoria have crashed 43% from this time last year. Ouch. In Calgary deals are down 13% from awful 2017 levels, listings are up 13% and prices have plopped 6%. Cowtowners have said no to the Owelympics and fuggedaboutit to housing, while in BC there’s a bad […]
November 15, 2018 | Volatility is Good for Value Investors
World stock markets are experiencing unusual volatility during 2018, and some markets, like China, are down more than 20 percent from the start of the year. Political upheaval in the U.S. and Europe is nearly a certainty in 2019, as U.S. election results are bound to lead to more confrontation between the White House and […]
November 14, 2018 | The Naked Emperor, Cryptocurrencies, and the War on Cas
The end of fiat currency isn’t happening today. It probably won’t be tomorrow. But at some point it’s gonna be curtains for all these worthless little pieces of paper governments around the world have forced people to use as money. That day might have been much further in the future before bitcoin exposed the fact […]
November 14, 2018 | LNG: Measuring its Impact on the British Columbia Economy
Natural gas, liquefied so it can be shipped to distant markets, will be produced by the LNG Canada terminal in north west British Columbia. This new study sets out to find out what impact is created by building the unprecedented, $40 billion project. Philip Cross, Resource Works senior research fellow and 34-year veteran of Statistics Canada […]
November 14, 2018 | “Economic 9/11.” A Global Market Shock. Prepare!
KINGSTON, NY, 14 NOVEMBER 2018—The signals are clear. The warning shots have been fired. Equity markets across the globe have lost trillions as investors increasingly worry about the two-punch strike of slowing economic growth and rising interest rates. “World Economic Climate Deteriorates Further.” – ifo Institute. “Eurobond yields rise after IMF debt default warning volatility.” […]
November 14, 2018 | How Are Money Numbers Circulated? Who Rules Over These ‘Numbers’?
Planet earth communicates via signals and waves of energy. Money and Words flow from computer to computer. Most information is invisible and at the speed of light! Some 7.5 billion people stand (live) on planet earth. We now have some 5.2 billion smart phones for communication and for money flows! The electromagnetic spectrum allows money […]
November 14, 2018 | US Slowdown Trajectory Continues
Missed the segment below last week, it reviews key points on the global downturn in motion. Sri-Kumar is a rare independent analyst that still appears on mainstream business media. As I have mentioned previously, out-performance of the US economy and stock market relative to the rest of the world is typically short-lived late cycle, before […]
November 14, 2018 | Using AAPL to Precisely Time the Stock Market’s Big Swings
I argue below for monitoring AAPL’s price swings obsessively, since the stock will give us an infallible ‘read’ on the stock market as a whole. On Wednesday, for instance, when AAPL began its bounce precisely from a 185.87 downside target I’d billboarded two nights earlier, the broad averages whipped around 180 degrees and took off […]
November 14, 2018 | No Hard Thing
With five rate hikes in the bag and likely as many to come, Big Bro says it’s working. The central bank this week dumped data showing the proportion of greater fools and total idiots borrowing 450% of their income is falling. Incredibly, it used to be an average of one in five households snorfling this […]
November 14, 2018 | Is A Top Forming In Natural Gas?
The recent upswing in NG prices has been an incredible trade for many, yet we believe a top is now forming in Natural Gas that could catch many traders by surprise. The recent upside gap in price and upward price volatility would normally not concern long traders. They would likely view this as a tremendous […]
November 14, 2018 | BREXIT Nothing Like What the People Voted For
The draft deal of Prime Minister May smells really bad. It is clear that politicians are clueless about trade and the U.K. remaining within the (EU) customs union forever is really going to economically tie Britain to the EU without a right to even vote. What they do not get is that trade in the EU is not negotiated with a […]
November 13, 2018 | America’s Fake-Money Success Was an Accident
YOUGHAL, IRELAND – “The whole thing is a giant fraud,” was perhaps too much for an unprepared audience to take on. Your editor, in trying to explain why the U.S. money is “fake,” had perhaps bitten off more than he could chew… at least in the context of a panel discussion in Ireland on cryptocurrencies. […]
November 13, 2018 | U.S. Elections. Not a Word about Wars, not a Peep about Peace: Beware!
Counting up the votes in a midterm election turnout that hit a 50-year high in the United States, all major party candidates running for the House and Senate championed America’s military/industrial/intelligence defense complex and its ballooning budget. Throughout the election cycle, not one Republican or Democratic candidate presented a campaign platform to end America’s longest, […]
November 13, 2018 | Explaining liquefied natural gas
As British Columbia prepares to be a true global player in clean natural gas, we’ll be providing information that provides context and meaning for the transition.