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July 18, 2018 | Deep State Turns on Trump

YOUGHAL, IRELAND – We left off yesterday with a provocative question: Has Trump really gone to war with the Deep State? Or was he just mouthing off in Helsinki… off message… and out of control? There are a couple more hypotheses, too… but we’ll get to them in a moment.   Off the Reservation Even some of […]

July 18, 2018 | Must read: Hoisington Q2 2018 Review and Outlook

Hoisington Management’s latest Q2 2018 Review and Outlook is now available here. For those trying to anticipate cyclical and secular forces moving the world economy and markets today, this is a must read.  Succinct prose with 6 charts that speak volumes.  In a massively indebted world, largely in US dollars, understanding dollar liquidity is critical.

July 18, 2018 | The Big Suck

Karen’s discovering GreaterFool Rule 4. Just in time. Widowed, 63, retiring in 14 months, single, two adult children (far away) and a pension, “that won’t attract flies, it’s so bad.” But she won the birth lottery and lives in the same home she and Dan bought a few decades ago. These days it’s worth about […]

July 18, 2018 | Free Trade Good or Bad? Trump’s Amazing Impact on Republicans and Democrats

The shift of Democrats towards supporting free trade, and Republicans the opposite is a sight to behold. Blame Trump. Historically opposed to free trade, Democrats increasingly identify with values like openness to trade. Republicans have done the opposite as noted by Greg Ip in the Wall Street Journal. Since the 1940s, Republicans have branded themselves […]

July 17, 2018 | Bureaucracy & the Collapse of Empires, Nation, City-States & Corporations

COMMENT: Sir, Your blog about the “Deep State” being nothing more than the bureaucracy made me laugh. If memory serves, didn’t some of the Chinese dynasties implode because of bureaucracies? Or am I being nearsighted and all governments typically implode because of bureaucracies? On a fractal level, don’t all corporations implode because of their bureaucracies over […]

July 17, 2018 | Biodegradable Packaging is Next Boom Area

Some 600 billion one use cups end up in landfills and water systems each year.  Most either won’t break down, or are toxic when they do.  At the current rate of creation, there will eventually be no room left on earth for anything but stagnant waste.  The business opportunity in creating and using non-polluting biodegradable […]

July 17, 2018 | Meet the Radical Oil Pipeline Opposer Who (quietly) Owns a Gas Station

EXCLUSIVE: Eco-activist group Greenpeace invested in a protest scheme to sow the image of indigenous resistance to the Trans Mountain pipeline expansion. New revelations deal the credibility of Kanahus Manuel, the militant face of Tiny House Warriors, and Greenpeace, a serious blow, claims Stewart Muir. Kamloops-area indigenous activist Kanahus Manuel is from the local Neskonlith First Nation. […]

July 17, 2018 | Longer-Term Charts Show Incredible Potential

Our weekend analysis of the markets continues to amaze our research team simply because we see so many other researchers continue to miss the signals.  We’ve been calling this market bottom since the middle of February 2018 and we have stuck to our analysis even though we’ve taken some flack from others about it.  Now, […]

July 17, 2018 | Donald Trump: Traitor?

YOUGHAL, IRELAND – Yesterday, the world’s press once again erupted in outrage. The hacks were upset… appalled… indignant. Of course, it was The Donald that set it off. But this time, they charged him not with being a boor or a nincompoop. This time, the charge was the sort that could get a man hanged, […]

July 17, 2018 | Rebel, Rebel

Barry called yesterday. Out of the blue. “Blog reader,” he said. Of course those two words allow anyone into the magic Kingdom of Garthonian wisdom. So, I said, whatsup? “My TD bank guy tells me I can’t set up a mortgage inside my RRSP. He says CMHC just changed the rules so only new houses […]

July 17, 2018 | Economics – ‘Prior’ to a Money System!

American economics started with the settlements in Jamestown and Plymouth Rock. These settlers arrived in America from Europe and they started commerce without any official money. They traded with the Indians and also with other settlers who arrived from Europe. America did not have any official money until 1792 (some 185 years after the settlements […]

July 17, 2018 | Brexit Mess Gets Messier: UK Parliament Votes to Stay in EU Medicine Network

The UK parliament threw article after article at Theresa May who narrowly won all the votes but one. It’s now a mess. Yesterday UK Prime Minister Theresa May narrowly survived a Tory Brexit Rebellion after allegedly caving in to Brexit hardliners. It still took three Labour votes for May to win the challenge. The Eurosceptic […]

July 16, 2018 | You Can Run, but You Can’t Hide

Doug Casey and I used to discuss the odds of local politics turning bad, say, in Mali or El Salvador. And then the next day, it would be Quebec or some other pro-mining jurisdiction that would raise taxes on miners. Doug would chuckle and say, “You can run, but you can’t hide.” By that he […]

July 16, 2018 | Why We’re Taking Such Pride in Canadian Resources

Why are we suddenly acting ashamed or embarrassed at Canada’s abundant crude oil, natural gas, pulp and paper, lumber, potash, water, coal, land, and base metal resources? Energy executive Paul Colborne makes an eloquent case for getting past those feelings. It’s fairly rare for an energy company to reveal its operating intelligence to the world, […]

July 16, 2018 | The Dollar: A Unit of Consciousness – Circulating in Cyberspace!

How should we think of today’s currencies? The units are tied to nothing and derive from the human mind. The units are metaphysical. We witness our money units as numbers circulating in cyberspace. Cyberspace is this space which we witness as we look at our computer screen. Cyberspace has no matter or physical existence. The space […]

July 16, 2018 | Two Hottest FAANG Stocks Get Their Comeuppance

The two hottest FAANG stocks got pasted on Monday, shortening the odds that the broad stock averages may have seen their highs for the year. AMZN fell $28 after leaping to within $1.34 of a 1843.29 target drum-rolled here earlier; and NFLX, an overrated bag of wind about which Rick’s Picks hasn’t had a good thing to […]

July 16, 2018 | Why We Defended Trump in London

LONDON – London is abuzz. Aflame. Doubled up in laughter. Shrieking in outrage. The U.S. president came. He saw. He went bonkers.     Down-Market At least, that’s how the UK press puts it. “Trump leaves chaos behind him…” said one report. And The Sunday Times reported that both Prince Charles and Prince William had refused to meet […]

July 16, 2018 | The Bloodbath

Toronto Jeff follows this blog and, as you can see below, has a small history with me. But we’ve never met. Good thing. I’ll tell you why after you read the following. Long-time reader, big fan. Curiously, I used to be an intern at the PMO during your rebellion (which I agreed with BTW), and […]

July 16, 2018 | Turkey the Poster Child of Emerging Market Crisis

  During the 1980s, I was called in to create a hedge for a bank against the Turkish lira which nobody made a market on. I had to create a synthetic hedge for the currency was moving into what became hyperinflation.  The Turkish lira has begun to fall ever since Recep Tayyip Erdoğan became the 12th president […]

July 16, 2018 | Crude Oil May Not Find Support Above $60 This Time

Crude Oil has been a major play for some traders over the past few months.  With price, rotation ranges near $5~$7 and upside pressure driving a price assent from below $45 to nearly $75 peaks.  This upside price move has been tremendous. Over the past few weeks, many things have changed in the fundamentals of […]

July 16, 2018 | Retail Sales Surge Continues With Huge Buying Spree

Retail sales jump 0.5% in June following an upward revision in May from 0.8% to 1.3%. GDP estimates will follow. There is little denying a strong second-quarter from the Census Bureau’s Advance Monthly Retail Sales report for June. Advance estimates of U.S. retail and food services sales for June 2018, adjusted for seasonal variation and […]

July 16, 2018 | How Crazy It Is to Short Gold with RSI Close to 30

Aiming to make money on gold price’s decline is always controversial. The long-term fundamentals remain favorable and gold and silver are likely to exceed their previous highs in the coming years. True, but that doesn’t mean that both metals can’t move even lower in the next several weeks or even months. Different factors govern more […]

July 15, 2018 | US Equities Set For Further Advances As Q2 Earnings Start

The upside price moves recently in the US Equities markets have been dramatic.  While many people believe the US Equity markets are overvalued and setting up for a top, we believe just the opposite – that the US Equity market and strong US Dollar are attracting capital and investment from numerous internal and external sources.  […]

July 15, 2018 | All Eyes on Helsinki

Trump’s meeting with Putin in Helsinki on Monday is unlikely to move the markets, but it is bound to be followed with rapt attention around the world.  Sen. Schumer is pressuring the president to ask about alleged Russian meddling in the last U.S. presidential election, but that is well down the list of Europe’s concerns. […]

July 15, 2018 | Where to Find Potential Trade War Profits

The trade war is on. Oh, it’s on like Donkey Kong! And while President Trump is handing out heaping helpings of tariff tough talk to Mexico, Canada and Europe, he’s saved his special ire for China. This could affect your investments a lot. I’ll explain. President Trump just announced another 10% hike on $200 billion […]

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