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November 24, 2021 | Shipping Container Price Surge Will Result in Increased Prices on Consumer Goods

The United Nations Conference on Trade and Development (UNCTAD) announced that we should expect consumer prices to rise 1.5% on average over the next year due to the global shipping crisis. Inflation, fuel increases, and labor shortages are among the many factors that have caused shipping costs to spike. “UNCTAD’s analysis shows that the current […]

November 24, 2021 | More Consequences of the Fed’s Actions

BALTIMORE, MARYLAND – A news flash. You’ll recall that it was only 18 months ago that the world had so much oil, its price fell below zero. CNN Business: US crude finished April 20, 2020, at minus-$37 a barrel, blowing past the zero mark that few imagined would ever be crossed. Negative oil is the […]

November 24, 2021 | Erosion Beneath Euphoria

Treasury yields rose initially on news that Fed Chair Powell has the nod for a second term.  Apparently, Powell–who’s endlessly sought to boost animal spirits and his portfolio at every market yip–is now a hawk that will raise rates through a global downturn and tanking risk markets in 2022.  LOL indeed. With the five most […]

November 24, 2021 | Financial ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target

The recent downward price rotation in the Financial Sector ETF (XLF) may have frightened some traders. My research, however, suggests this move is setting up a future bullish price target near $43.60 – a more than +11% move. The end of the year Christmas Rally phase of the markets should drive spending and Q4:2021 expectations […]

November 23, 2021 | Is Australia Preparing Concentration Camps for the Unvaccinated?

Rumors are swirling on the internet that the Australian Army is herding the unvaccinated population into “quarantine camps.” The army is not currently hunting down the vaccinated, yet, but there is a suspicious amount of funds going toward these quarantine facilities. The Guardian has reported that $130 million was recently invested by the Northern Territory […]

November 23, 2021 | McKinsey: Inflated Asset Prices Leave Economy and Net Worth Vulnerable

A McKinsey report published this week examines how productively we are using global ‘wealth,’ and the conclusion is, not very. While global net worth (asset prices- liabilities) has tripled since 2000, the increase mainly reflects financialized gains in assets, especially real estate, rather than investment in productive activities that expand economic momentum and well-being. As financial assets […]

November 22, 2021 | Most Americans Will Die Penniless

It is a depressing reality, but around 73% of Americans will die with debt, according to a 2016 poll by Credit.com. The average amount of outstanding debt at the time of the report was an alarming $61,554.00 per person. Around 68% of those studied had credit card debt, 37% had mortgage debt, and 6% died […]

November 22, 2021 | Congress Passes Biden’s Latest $1.2 Trillion “Infrastructure” Deal

BALTIMORE, MARYLAND – Sit down. Remain calm. Let’s try to figure this out… The big news on Friday was that the House got together and passed Joe Biden’s social spending program. Nancy Pelosi congratulated herself: [The package] is a spectacular agenda for the future, with transformational action on health care, family care and climate that […]

November 22, 2021 | Leland: China Slowing More Than People Think

China’s economy is slowing more than people think and the outlook is for weaker growth going forward as the government is unlikely to step in with significant stimulus, according to Leland Miller, chief executive officer of China Beige Book. “The third quarter was particularly brutal” for China’s economy, Miller said Friday on Bloomberg Television in […]

November 21, 2021 | Millennials Priced Out of Home Ownership

Why do 20% of Millennials (25-40-year-olds) in the US believe homeownership is completely unobtainable? To start, rentals across the US are on the rise. The Fair Market Rents (FMRs) compile data every year to determine the cost of the 40th percentile gross rents for typical, non-substandard rental units. This means that the majority of rental […]

November 21, 2021 | The Emerging Alt-Economy: “Buy Nothing”

Most of us own too much unnecessary stuff and have borrowed waaayyy too much money to buy said stuff. Meanwhile, all that debt is boosting inflation, making things that actually matter harder to afford. But free people have a way of self-organizing solutions to their problems, and one of the more inspiring examples is the […]

November 21, 2021 | The Old ‘Flight to Safety’ Story

  Did you notice last week’s tone change? The whole, eternally benighted world of pundits, economists, Bloomberg news producers, forecasters et al. has been disbelieving the bond rally as the Fed’s ultimately unredeemable portfolio of Treasury debt has grown from merely massive to intergalactic in size. Now the talking heads are having to change their […]

November 21, 2021 | Shortages Are Relative

n some simplistic economic theories, shortages never happen. Supply and demand for any particular good are always perfectly balanced in a given time and place. If you can’t get what you demand at that moment, you pay a higher price or you demand something else. But that’s theory. The real world doesn’t respond instantly, so […]

November 20, 2021 | Germany Looking for Full Lockdown

Sources in Germany are all warning that the government intends to impose mandatory vaccines following the ruthless actions of  Austra. The Governor of Bavaria, Germany, Markus Soeder, is also for mandatory vaccinations. I have been warning that Schwab is in control of Europe. The central bank is trapped and cannot escape its negative interest rates […]

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

A handful of BIG cap tech stocks make all the difference The DJIA and the small-cap indices closed lower for two consecutive weeks (the DJIA fell as much as 1,000 points from last week’s high to this week’s low) – but the Nasdaq and the S+P 500 indices hit new All-Time Highs this week. The […]

November 19, 2021 | What to Expect When the Government Ignores Consequences

Fish gotta swim Birds gotta fly Rain gotta fall And it’s gotta go somewhere – Bill Bonner, with apologies to the writers of Showboat BALTIMORE, MARYLAND – When you see someone setting fire to a federal building, shouldn’t you say something? And what if the matches and gas can are in your own hands? The Federal […]

November 19, 2021 | Pending Black Swan?

The traditional analysis keeps calling for the next Black Swan event asserting that massive leveraging of US nonfinancial businesses since 1972 is incompatible with the stock market levels rising from 62% to 204% of GDP. Of course, this analysis is ALWAYS the typical economist view which is the entire problem. The traditional analysis is why we are […]

November 19, 2021 | Gold Could be a Hedge Against a Fed-Induced Financial Crisis

Gold bullion and gold mining shares are about as depressed as they ever get in relation to bonds and stocks. Gold and gold mining equities used to be considered a hedge against inflation and the debasement of paper money. With the Fed reluctant to take strong measures to fight inflation will gold finally have its […]

November 19, 2021 | Cannabis ETF MJ Basing & Volatility Patterns

Recently, the Cannabis sector has shown signs of increased volume, volatility, and a reasonably strong potential for a price base. Volume started increasing near mid-September as the price of MJ fell below $15. This support level originated from late December 2020 after a significant rally trend from recent lows near $10 – when the Reddit retail trader […]

November 18, 2021 | Correlation Between the COVID Vaccine and Equine Sterilization

An odd correlation has been made between the sterilization process of wild horses and the COVID-19 vaccine. The porcine zona pellucida (PZP) vaccination is intended to curb the wild horse population by producing antibodies that prevent mares from producing fertile eggs. The vaccination effects are not immediate but rather it is distributed over the course […]

November 18, 2021 | With the Stroke of a Pen, an Industry is Gone

British Columbia officials ignored scientists’ advice in decision to eradicate the $12-million-a-year mink farming industry located in the Fraser Valley. Stewart Muir looks at the situation. Above: Dogwood Fur Farms animal husbandry specialist Gloria will be losing her job after 20 years because Agriculture Minister Lana Popham ignored scientific panel advice and bowed instead to […]

November 18, 2021 | America’s Elite Run the Country Into Destruction

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. – Austrian School economist Ludwig […]

November 17, 2021 | Has George Soros Lost His Mind?

I warned that 2015.75 was the peak in confidence in government. It has been declining ever since. But this also marked the political shift where Donald Trump was the first non-politician to be elected president, which was right on target with our model that was 31.4 years from the start of this major wave 1985.65, […]

November 17, 2021 | A Decade of Dollar Destruction

BALTIMORE, MARYLAND – MoviePass was in the news this week because it was bought out of bankruptcy. The idea behind the company was remarkably stupid. It was a subscription service, founded in 2011. You signed up… paid $10 a month… and you got tickets to as many movies as you wanted – in theaters. Long […]

November 17, 2021 | Grantham on max (misplaced) Fed-faith

The shares of world-leading companies with incredible products still commonly end up devastating as investments when bought at euphoric prices. Investors’ faith in the Federal Reserve has become so unshakable that not even the highest inflation in three decades is enough to cause a sell-off in assets, according to Jeremy Grantham. the value-investing giant and […]

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