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February 24, 2021 | World Economic Forum and the Rockefeller Foundation Are Main Drivers for Digital Vaccines Passports

Klaus Schwab is becoming one of the most dangerous men perhaps in modern history. His World Economic Forum and the Rockefeller Foundation are the main drivers behind the adoption of digital health passes. Two years before the corona pandemic, the EU Commission had drawn up a “roadmap for vaccination”. They are trying to create an […]

February 24, 2021 | The Last Gasp?

Pete and Julie called to ask if they should list their Mississauga detached house (after eight years) this summer. “I figure it’s worth about $1.6 million now,” he says. “We can hardly believe it and, man, we sure need the money.” Covid stole Pete’s food importing business. No surprise since three-quarters of his clients were […]

February 24, 2021 | Psychological Foibles Behind Financial Errors

Many of today’s market participants have no first-hand experience of an extended bear market that grinds asset prices lower over many months and does not recover prior highs for many years.  Others have experienced an extended bear market in the past, they should know better, but they believe (hope) this cycle is different. The Dunning-Kruger […]

February 24, 2021 | Bonds And Stimulus Are Driving Big Sector Trends And Shifting Capital

Falling Bonds and rising yields are creating a condition in the global markets where capital is shifting away from Technology, Communication Services and Discretionary stocks have suddenly fallen out of favor, and Financials, Energy, Real Estate, and Metals/Miners are gaining strength.  The rise in yields presents an opportunity for Banks and Lenders to profit from […]

February 23, 2021 | Rome Police Defend Protesters in Solidarity

  Many people have written in to say this is all too depressing. I explain that by posting what is taking place globally, you can see that RESISTANCE IS NOT FUTILE. I reported previously how the police in Naples turned and joined the protesters. Now the same is taking place in Rome. The people are […]

February 23, 2021 | Was Trump The Mule?

“Excellence, he is known as the Mule. He is spoken of little, in a factual sense, but I have gathered the scraps and fragments of knowledge and winnowed out the most probable of them. He is apparently a man of neither birth nor standing. His father, unknown. His mother, dead in childbirth. His upbringing, that […]

February 23, 2021 | Hitched

Let’s get personal. After a dozen years of blissful cohabitation (sans kids). Tim & his squeeze are getting hitched. September, maybe, depending on the you-know-what. If all goes well, 150 people. Maybe a trip to Europe. The full Monty. The romance is good. The finances may need some salve. We currently have independent accounts but […]

February 23, 2021 | The House Always Wins: The Real Estate Cycle

I mentioned the 18-and-a-half-year real estate cycle last week in our discussion on the cycle of pandemics. And you’re probably wondering: Where ARE we in this cycle right now?     Here’s the pattern from 1920 through 2015. See how regular it is? If you’re smart, you buy a home at the bottom … but not […]

February 23, 2021 | Pump and Dump is a Tale as Old as Markets

Pump-and-dump schemes have been suckering in the gullible for centuries.  Past major loss cycles have resulted in stiffer regulation and prosecution of perpetrators.  Following last week’s congressional hearing, the Securities and Exchange Commission is preparing a report about the trading frenzy around GameStop’s shares, with a view to informing potential regulatory action.  We shall see; so […]

February 23, 2021 | Welcome To The Third World, Part 32: Texas, Really??

California and Texas were, until very recently, the two best US states. The former is the richest and highest-profile, and home to Silicon Valley and Hollywood, while the latter is both huge and the place to which millions of Californians want to move. It’s not an exaggeration to say that as these two go, so […]

February 23, 2021 | Macy’s Brick & Mortar Sales -35%, Digital +21%. Walmart Online +69%, US Ecommerce +32%. Online Furniture, Grocery, Clothing Sales Explode as Brick & Mortar Melts Down

Macy’s, when it reported earnings this morning, confirmed its own brick-and-mortar meltdown, and it showed the benefits of Macy’s decision years ago to go after ecommerce in a serious way, knowing that its brick-and-mortar stores – despite what it was telling the public – were on the slow way out, attested to by its countless […]

February 22, 2021 | Raising the Minimum Wage

The Democrats stuffed into the $1.9 trillion stimulus package a hike in the minimum wage from $7.25 for covered nonexempt employees to $15. Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages. In […]

February 22, 2021 | The Epiphany

Just a few days remain to contribute to your retirement plan in order to deduct it from the 2020 tax bill. Wow. Up to $27,230, plus any amount missed in the past. And money’s not required, of course. Assets already owned can be shifted over and counted as a contribution. (Watch for tax that might […]

February 22, 2021 | Schumer’s Chance to Seem Useful

  [Dear readers, I am taking a desperately needed break from telling you why a stock market crash is long overdue, and why Biden & Friends are finally going to make it happen.  Full disclosure: I have not read a newspaper or watched the news since November. RA ] We’ve all grown so weary of spam callers […]

February 22, 2021 | Innovating Greener Energy Storage

Amanda Hall, Co-founder and CEO of Calgary-based Summit Nanotech, recently joined CBC Calgary Eyeopener to discuss the company’s innovative method of generating more environmentally-friendly, battery-grade lithium compounds.  Here is a direct audio link. Summit Nanotech has designed an innovative new method to generate battery grade lithium compounds from brine fluids, named denaLi. This process is the most […]

February 22, 2021 | If This Isn’t A Blow-Off Top …

Financial history includes plenty of extreme years. That’s not surprising, since we’re emotional beings with short memories. Combine those two traits and you get cycles, many of which end with a bang. Even so, this one stands out. A full accounting of the ways in which today’s financial markets have exceeded previous bounds of rationality […]

February 21, 2021 | Random Thoughts from the Frontline

Readers often ask how these letters appear so regularly. The answer is we have a process. Normally, I talk to my associate Patrick Watson on Monday about the next weekend’s letter. We both go into research mode, verbally outlining a letter, and by Thursday I have an outline and some background research. This gives me […]

February 21, 2021 | Brain Bug

Pandemic puppies. Since Covid changed everything, 12.1 million dogs have been adopted in the US. Historic. Off the charts. In Canada the CKC says inquiries about breeders are up 40% year/year. Dogs selling for $1,500 a year ago are now fetching four grand. Backyard Kijiji breeding has exploded. Sadly. The scammers have emerged. Like “James […]

February 21, 2021 | They Know What You Are (Now They’re Haggling Over the Price)

There’s an old joke about a wealthy man talking to a famous actress. After asking her if she would sleep with a stranger for a million dollars she delivers an enthusiastic, “Yes!” He then inquires if she would do the same for five dollars. Offended, she fumes: “Five dollars? What kind of woman do you think I […]

February 21, 2021 | What Is The Next Move For Silver/Gold? Follow Treasuries and Commodities Trends To Find Out

Gold continues to wallow near its recent low price level, near $1765.  Silver has continued to trend moderately higher – but still has not broken out to the upside.  Many analysts have continued to estimate when and how metals will begin the next wave higher.  My research team and I believe we’ve found some answers […]

February 20, 2021 | The Collapse of California – 2022?

See Peter Santenello’s Video on Facebook – Unfortunately This is the REAL California. They are so far to the left, there is no more rule of law. Why should anyone pay for anything? If everyone went to the store and stole $950, they would bring California’s economy to a dead halt. Perhaps this is what […]

February 20, 2021 | Trading Desk Notes For February 20, 2021

Interest Rates Are Sharply Higher On Reflation/Inflation Concerns Copper is at a 10-year high and has doubled in the last 11 months. Half of those gains came since the November 3rd elections. Freeport-McMoRan is up ~600% from last year’s lows. WTI crude oil has jumped over 80% since the November elections. Lumber has quadrupled from last year’s lows, […]

February 19, 2021 | A Commodity Super-Cycle

The price of base metals, especially copper and nickel, are known as indicators of future economic growth. While the validity of that relationship is in doubt, it makes sense that base metals would move higher with an expectation for rapid economic growth. Is the recent surge in these metal prices predicting a robust economy?   […]

February 19, 2021 | Feelings

It doesn’t take long reading comments here to understand we’re obsessed with real estate. Yes, even when the whole raison d’être of this pathetic blog is balance. These days that’s a quaint, dusty notion. Everybody wants all-in on something. It could be GameStop. Or crypto. But usually, for the bulk of Canadians, it’s a house. […]

February 18, 2021 | Roubini Not Buying Cryptomania

The higher prices go in financial manias, the more people buy in, and the more infectious the pressure to declare gains justified.  Even those who can do the math and know better are very often swept into ‘new era’ thinking. Roubini sees a naked Emperor in crytocurrencies and doesn’t mind saying so.  He summarizes many […]

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