ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
October 25, 2020 | Alphabet Soup
V, K or just Limp? What’s the economy doing? Where’s it going? When will this dogawful nightmare be over? Apparently this all depends on you. Rockstar bank economist Benny Tal told a private Toronto audience a few days ago that two-thirds of the economy is in a V-shaped recovery. Things were good for investors in […]
October 25, 2020 | Why a Trump Victory Would Set Black Americans Free
directly to his son’s shady business deals and the huge kickbacks they’ve generated over the years. No, I’m talking about something even more unexpected: It’s becoming cool for African Americans to vote for Trump and to openly support him. Rapper Kanye West started things rolling in April with a full-throated endorsement that caused jaws to […]
October 25, 2020 | The Green Shoots of 2020
Those who lived through the last financial crisis might may recall the Green Shoots episode. It drew laughs on March 15, 2009, shortly after the Federal Reserve fired its heaviest artillery and, we now know, launched the longest bull market in history. Appearing on 60 Minutes, Fed Chair Ben Bernanke said the recession’s end was […]
October 24, 2020 | Politics is Often Stranger than Fiction
Documents have surfaced that indicate Hunter Biden’s signature on a receipt for $85 at a Delaware computer The Mac Shop where he dropped off laptops that included details of his international business deals and photos. The New York Post reported that Hunter Biden’s laptop was abandoned at the computer shop in April 2019 for […]
October 24, 2020 | More Plandemic Foreknowledge
You’ll recall that back in April of this year I examined the question of whether or not there was foreknowledge of the plandemic. Specifically, that episode of Questions For Corbett looked at: Event 201; Insider trading in the US Senate; The “failure” of US medical intelligence; The shut down of the US’ pandemic early warning system in September […]
October 24, 2020 | Tesla Beats Expectations Again
This week Tesla’s latest earnings report revealed impressive results. The profit trend continues to improve, with growing auto production, cash flow and net income. Do Tesla shares make a good investment today? Tesla’s fifth consecutive profitable quarter solidifies a trend that has impressed even the most skeptical analysts. Production from the new China factory showed […]
October 24, 2020 | Trading Desk Notes October 24, 2020
One of my basic risk management trading principles is to keep the time frame of my trading in sync with the time frame of my analysis. To do otherwise can easily lead to BIG losses. For instance, if I buy gold because my “analysis” is that I think it could jump $10 today I […]
October 23, 2020 | Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last
Another batch of crazy housing data yesterday. Crazy in the sense that the housing market, or rather part of it, namely the higher end of it, has gone totally crazy and that by now everyone knows that this isn’t “sustainable,” that “there’s no way it can last forever,” as Redfin CEO Glenn Kelman told CNBC. […]
October 23, 2020 | BC Mining in Deep Carbon Pricing Trouble
BC mining industry contribute $7.4 billion to BC’s economy (GDP). It spends $3 billion to purchase goods and services from 3,700 small, medium and Indigenous businesses in 215 BC communities. And it spends $330 million on exploration. So how is this critical industry coping with the carbon price? And why do governments seem set on making […]
October 23, 2020 | ‘SPAC’ and Gambling in Today’s Greater Recession
Never before have so many companies with no revenue pursued a public market listing at such high valuations. The froth is particularly evident in sectors like online gambling and nascent start-up companies. See: EV start-ups are Wall Street’s hot new thing. No revenue? No problem: Companies at such a nascent stage are inherently risky and are […]
October 23, 2020 | Le Pain
Crazy times? You bet. Remember them. This week Le Chateau went bust. Over 120 stores will close and 1,400 more people lose their jobs. Also in the last few days the airlines are making a final desperate case for federal aid before the hammer falls. Westjet bailed out of Atlantic Canada and is trying to […]
October 23, 2020 | This Is How A State Goes Bankrupt, Illinois Edition
Somewhere back in the depths of the 20th century, a bunch of governors, mayors, and public sector union leaders got together and cooked up one of history’s greatest financial scams. They would offer teachers, cops, and firefighters extremely generous pensions but would avoid raising taxes to fund the resulting future obligations. Grateful workers would vote […]
October 22, 2020 | Global Food Shortages Beginning
There is a serious food shortage we have been warning about which our computer has been projecting for the 4.3-year wave into 2024. Our sources from Asia and Europe have been confirming what we have been getting from Australia and the United States. Now it is starting to be reported in Germany by the Deutsche-Wirtschafts-Nachrichten. […]
October 22, 2020 | Lending and Buying Frenzy has Bubble Hallmarks
Living one hour north of Toronto, the COVID-19 home-buying frenzy is readily apparent. Prices have appreciated more than 20% year over year, and “Coming Soon” signs turn into “Sold” within days. Many properties don’t even make it to an MLS listing. A realty lawyer friend told me yesterday that she is having the busiest transaction […]
October 22, 2020 | WFW
When Westjet pulled the plug on Atlantic Canada some days ago, I was moved to post this on a local chat board: ‘Bubbles have consequences…’ The response was predictable. “Garth doesn’t get it,” and “No, wrong. Pandemics have consequences”, were typical replies. And so the virus continues to divide us. As a reminder, my choice […]
October 22, 2020 | Fourth Turning Election Year Crisis
“The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could […]
October 22, 2020 | One Table And Two Charts Show Why Stocks Are A Bad Place To Be
US stocks are behaving amazingly well given the political and economic near-chaos of the past few months. This is probably the first recession that inflated rather than popped financial asset bubbles. Why? Because panicked governments and central banks are dumping trillions of play-money dollars into the system, a big part of which flow directly into […]
October 21, 2020 | The Insanity We Face
COMMENT: In response to the Blog Alert: A 20 Year-Old Tears Apart the PDR Test. There is no COVID-19 virus. There are various [flu] virus illnesses. I suspect that all the testing is doing is observing a natural shedding/cleansing by our immune system and we probably would have observed the same thing back in the […]
October 21, 2020 | Solar, Wind and Water Dramatically Reduce Energy Use and Costs
The Solutions Project at Stanford University has been pointing out for years now that improving energy efficiency and powering the grid with electricity from wind, water, and the sun dramatically reduces overall energy use. In their blueprint for Canada, the reduction in demand is an estimated 63% below current levels. Already, wind and solar power are the […]
October 21, 2020 | Dog-Whistling Marxists Is Not a Winning Strategy
Bulls are straining to hold shares aloft, but we haven’t seen sufficient weakness to infer that the stock market smells a Biden victory. That would be a catastrophe for Wall Street, even if some pundits insist investors might actually prefer him. We now have fake opinions, it would seem, to supplement fake news intended to […]
October 21, 2020 | Herd Immunity
Remember the words posted here weeks ago about the coming condo collapse? Well, presto. It’s here. At least the beginning. Right on cue. For example, a one-bedder unit just steps away from the sky-darkening bank towers at King & Bay in the Big Smoke was commanding $1,200 for each of its six hundred feet in […]
October 20, 2020 | When The Party Ends
Aren’t you tired of Millennials? Whiskers, tats, bicycles, house lust, skinny pants. Yeah, me too. So let’s talk about old snort issues for a few minutes. Like how to get money out of your investments without being nuked by the virus or taxes. Joan, in BC, throws us this question. We have a financial advisor […]
October 20, 2020 | Summers: Deflationary Pressures are the New Paradigm
I have been commenting on building deflationary pressures for some time. The pandemic has accelerated these forces with negative implications for status quo thinking and social stability. I don’t often agree with Larry Summers, but his comments in this segment are lucid. The era of borrowing to inflate asset prices has misallocated trillions in resources. […]
October 20, 2020 | The Big Cycle That Can Make You Poor … or Rich!
His name was Nikolai Kondratieff. He wrote a 23-page tract called “The Long Waves in Economic Life.” It contained an idea so incendiary, he was sent to the gulag … before being shot by firing squad in September of 1938. Why was Stalin so furious? Because Nikolai predicted communism would fail and be replaced […]
October 20, 2020 | A Wall of Worry Provides a Great Buying Opportunity for NFLX and SNAP
For a bull trend to perpetuate it occasionally needs to climb a wall of worry. Bearish investors are always on the lookout for a theme that will provide them with an opportunity to short a stock or sector. If prices rise, investors who shorted-shares will need to cover, perpetuating the bull-trend rally. This concept has […]