ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 8, 2020 | Endgame Guidance
With gold hitting nine-year highs this month, readers are asking for guidance on what to do if our hopes—or perhaps even our dreams—for the yellow metal come true. What if gold really does go to $5,000 an ounce, $10,000… or higher? What if silver hits $100 and keeps rising? What are our endgame strategies? Before […]
July 8, 2020 | UN Declares Peace on Earth!
Kumbaya and pass the bubbly! World peace has been achieved! What, haven’t you heard? The UN Security Council just passed a resolution that calls for a global ceasefire as a type of “humanitarian pause” while the world deals with the global coronavirus pandemic that we are told is wreaking such havoc on the human population. […]
July 8, 2020 | The Manual for Tyrants to Take Over
QUESTION: Hello Martin When will the madness stop! I am Scottish and our first minister is mandating face masks in all shops from July 10th. Even though the virus peaked in April. Interesting that her advisor is an American professor at Edinburgh University who also co-authored a book with Chelsea Clinton. She (first minister) is […]
July 8, 2020 | Neck Deep
By now you know the news. Red ink and guts everywhere in Ottawa. Harper’s $56 billion credit crisis deficit was just a warm up for Trudeau’s $343 billion pandemic hole. The last time the feds spent like this we were in World War 2. We’ve just seen the first credit downgrade in 25 years. And […]
July 7, 2020 | The Green Recovery – and some inconvenient truths
Wishful thinking and empty promises aren’t helping with the needed energy transition. It’s time to turn our minds and our will to the hard work of transformation by mid century based on the realities of our society and our economy, writes Mike Cleland. Canada’s two energy economies Most Canadians today agree that Canada and other […]
July 7, 2020 | US House Prices to Drop 6.6% by May 2021, First Annual Decline since Jan. 2012: CoreLogic, Owner of the Case-Shiller Index
CoreLogic, which owns the Case-Shiller Home Price Index, released its monthly “Home Price Index Forecast” this morning, based on the Case-Shiller data. After years of being bullish about home prices, CoreLogic suddenly turned bearish. It forecast that prices of single-family houses, including distressed sales, would begin dropping on a month-to-month basis with the June reading […]
July 7, 2020 | The Predictable
“I’m a dude that’s trapped in Eastern Europe,” writes Marvin, “due to divorce/child custody.” Hmmm. Sounds serious. But I didn’t ask. “I’ve enjoyed your blog for many years, and to be super honest, as I sit in this hell-hole, reading it each night along with your witty remarks makes me feel a little closer to […]
July 7, 2020 | Dow’s Path to New Record Highs
Bulls now have a path to 3392 in the E-Mini S&Ps, just a few points below the all-time high recorded on February 20. A rally to the target would equate to around 30,000 for the Dow Industrials, a number that seems no less absurd now than in late March as the broad averages began a […]
July 7, 2020 | Dead Weight: More Government Subsidies for ‘The Haves’
Debt-funded government subsidies that further enrich ‘the haves’ are not economic stimulus but rather dead weight with a negative multiplier effect that reduces productivity and critical investment for years to come. Billionaires, country clubs, private jet companies and Kanye West all received millions in government funding under the Paycheck Protection Program, according to the Small […]
July 7, 2020 | Credit/Investments Turned Into End-User Risk Again
Continuing our research from Part I, into what to expect in Q2 and Q3 of 2020, we’ll start by discussing our Adaptive Dynamic Learning predictive modeling system and our belief that the US stock market is rallied beyond proper expectation levels. The Adaptive Dynamic Learning (ADL) modeling systems attempts to identify price and technical indicator […]
July 7, 2020 | When It Rains It Pours, China Edition
The US has its share of problems right now (see One Crisis Is Manageable. Five Might Not Be). But China is right up there in the “when it rains it pours” sweepstakes. As the apparent source of the covid-19 pandemic, it’s still battling new cases and may yet be blamed for not just spawning the […]
July 6, 2020 | Prepare for the 2nd Lockdown
Switzerland has started 2nd wave on soft side = wearing masks in public transportation + quarantine when traveling back from 29 countries (incl. US, RU, Sweden, Israel..). Governments are using this virus which is no more deadly than the flu to impose restraints on commerce in preparation for what is in truth the Monetary Crisis Cycle. […]
July 6, 2020 | The Big Short #2 – World Pushes Credit/Investments Into Risk Again, Part I
One thing is very certain right now – we live in very interesting times. As the world rushes head-first into the 21st Century, it appears one of the most pressing issues before all of us is to navigate the risks and opportunities that continue to stack up ahead of us. Within the first 20 years […]
July 6, 2020 | Blather
Blog dog Dan has way too much time on his hands. Must be a teacher. “With the help of a javascript and a perl script,” he writes, “I extracted these stats from the comment section of greaterfool for the entire month of June, 2020. Yep, it includes every posted comment for the entire 30 days. It never ceases […]
July 5, 2020 | Look Where Gold Is Trading The Day After The 4th Of July
What are the odds of gold trading at 1776 on Independence Day weekend? Seems like a good omen … I’ll go out on a limb and predict that this is the last July 4th weekend where gold trades at or below this price.
July 5, 2020 | Sorting Facts from Lies
Each of us seeks our own version of the truth when we turn on the news. Tucker Carlson, one of the most courageous and honest journalists of this era, is my choice. He has excoriated Democrats and Republicans alike for their moral cowardice in coddling torch mobs. I can’t get my liberal friends to […]
July 5, 2020 | The Blacker Swan
“A similar effect is taking place in economic life. I spoke about globalization in Chapter 3; it is here, but it is not all for the good: it creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other words, it creates devastating Black Swans. We have never lived before under the […]
July 5, 2020 | Stores Must Take Cash by Law
QUESTION: Dear Mr Armstrong, Here is a softball question for the holiday weekend. If US currency is legal tender, aren’t retail stores obligated to accept it? This would seem to restrict the ability of retail stores to 1) demand electronic payment and 2) reject payment using $100 bills. Happy 4th to you. MB
July 4, 2020 | Weak Oil Prices Trigger More Bankruptcies
The recent bankruptcy of Chesapeake Energy Corporation, a pioneer in U.S. shale production, highlights the disruptive change that is roiling energy markets. The COVID-19 pandemic recession has triggered a collapse in demand and prices for energy. Is the failure of some large US-based energy producers going to affect Canadian-based producers? The U.S. benchmark price for […]
July 4, 2020 | Democrats Admit Killing the Economy is Key to Overthrow Trump
This is a Tweet that has been going around which is false, but it articulates what is really taking place behind the curtain – the deliberate strategy of destroying jobs to win this election is just beyond comprehension. This is the intensity we face. Politics has become so toxic that NEITHER side will accept a loss and […]
July 4, 2020 | The Global Bond Market Is Turning Japanese, As All Long-Term Rates Plunge Towards Zero
For the bond markets, covid-19 is apparently a great equalizer. Before the pandemic, Japan’s long-term interest rates were much lower than those of most other countries’, in part because Japan has been deeply in debt – and therefore under pressure to finance that debt with low interest rates – longer than the US and Europe. […]
July 3, 2020 | Connecting Dots Between Nortel’s Collapse and the Ascent of Huawei
Nortel was Canada’s star company into the 2000 cycle peak before a spectacular collapse crushed retirement savings across the land. The usual irrational exuberance, extreme overvaluation and complacent management undoubtedly played a leading role; but a new investigation also connects Nortel’s collapse with Huawei’s ascent to 5G leader today. You can read the story here […]
July 3, 2020 | The Descent
This won’t take long. It’s been an interesting few days. Canada’s BD on Wednesday. US this weekend. Muted, tentative and confused in both nations. We’re on a journey. Destination, fuzzy. Public sentiment is alternating between fractious and fearful. I titled yesterday’s post ‘Polars’ for a reason. Opinion is splitting quickly, deeply. This damn pandemic has […]
July 3, 2020 | Wild Volatility Continues As US Markets Attempt To Establish New Trend
We’ve continued to attempt to warn investors of the risks ahead for the US and global markets by generating these research posts and by providing very clear data supporting our conclusions. Throughout the entire months of May and June, we’ve seen various economic data points report very mixed results – and in some cases, surprise […]
July 3, 2020 | Central Banks & the Hidden Agenda to Control Society
We just released this report which includes, as part of the Great Reset, the push to eliminate paper money to move toward a digital currency world where they can track everything we do and allow for drastic increases in taxation. They have been suddenly justifying this by claiming that viruses can live on surfaces. So […]