ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 27, 2021 | The Most Splendid Housing Bubbles in America: July Update, Holy Moly
House prices spiked 16.6% from a year ago, the biggest increase in the data going back to 1987, according to the National Case-Shiller Home Price Index today, which was for the three-month moving average of deals entered into public records in March, April, and May. But in some cities, the raging housing mania produced far […]
July 26, 2021 | It is Time to End the Nonsense About the Vaccines
While the Veteran Administration is mandating vaccines for all its staff. Meanwhile, the White House last Friday refused to release the number of COVID-19 infections among vaccinated staff, known as breakthrough cases after one aide tested positive earlier last week, and some reporters pressed for greater disclosure. They simply do not want to confront […]
July 26, 2021 | Lessons
My flinty-eyed, iron-spined portfolio-manager colleague told you on the weekend not to wimp out and try to time a market exit. Doug was right. We see it all. The. Time. When Covid crashed into our world, equities dropped over a third in the space of a few weeks. The fastest bear market ever. Day traders, […]
July 26, 2021 | Gold And Silver – Which Will Have An Explosive Price Rally And Which Will Have A Sustained One?
Our followers and readers have been emailing us asking for more research into Precious Metals and updated Adaptive Dynamic Learning (ADL) Price Modeling charts (our proprietary price/technical mapping system capable of predicting future trends, setups, and price levels). This special Gold and Silver research article will help you learn what to expect over the next […]
July 25, 2021 | Governments to Control What You Are Allowed to Buy
People are unaware that this drive of central banks to replace paper money with cryptocurrency is far more than people will ever comprehend as an end goal. Aside from the fact that governments could then impose a negative interest rate effectively confiscating money from your account in ADDITION to taxation, they are moving to […]
July 25, 2021 | Deflation Hinges on a Dollar that Refuses to Die
My friend Greg Hunter at USA Watchdog weighed in recently with such a despairing outlook for the dollar that it’s probably a good time to determine whether the charts support this view. Here’s the post from his site, which over the years has featured my own thoughts on deflation, the global economy and other topics: The […]
July 25, 2021 | Federal Reserve Folly
Great news: The US economy is officially out of recession. We know this because the National Bureau of Economic Research’s official recession-calling committee said so this week. The economy has been in an expansion phase since last April, making this the shortest recession on record at only two months. The NBER committee always makes these […]
July 25, 2021 | Cracking heads
A few days ago many, many, many Toronto cops moved in on an encampment of “people experiencing homelessness” to boot them out. Heads were knocked. Horses were involved. Lots of cameras, shouting and a few arrests. The illegal campers had received a month’s notice and the city had indoor rooms awaiting them. For free. Most […]
July 24, 2021 | Is a Revolution Coming?
We have an amazing number of readers in France, and I want to thank everyone for all the emails documenting what is going on. Anyone who takes videos of protests in the future I have no problem sharing them for the world to see. The details of what moves people to revolution are important. During […]
July 24, 2021 | Trading Desk Notes For July 24, 2021
Stocks tumble and rebound from Friday to Friday. The DJI futures contract dropped and rebounded ~1,400 points from last Friday’s high to this Friday’s high. A 2,800 point round trip in a week. The Nasdaq, S+P, and the Vanguard Total Market ETF rallied from Monday’s lows to make new All-Time Highs. The NYSE (and the […]
July 23, 2021 | A Gray Rhino in China Could Rock the World
China has a property bubble second to none in the world. Evergrande is the second largest property developer in China and one of the largest in the world. Could Evergrande’s troubles burst the Chinese property bubble? Source: Macmillan Publishing, 2016 Michele Wucker wrote the book on gray rhinos, called “The Gray Rhino: How to Recognize […]
July 23, 2021 | Woke Nation
Regular readers – people who have no real lives and are addicted to dog pictures – will recall my angst when SJWs scoffed my big flag three weeks ago. No, it has not turned up. The cops were stymied. That prized possession is gone, gone, sadly. My crime was to celebrate Canada Day. On Canada […]
July 22, 2021 | Inflation: It’s Worse Than You Think
Everyone from Fed Chair Jerome Powell to President Joe Biden is lining up to say inflation is “transitory” and under control. Today, I’m going to show you why they’re wrong and how you should be playing it. I firmly believe the Fed will NOT be able to ignore inflation forever. I’ve warned about inflation over and over and over and over again, and […]
July 22, 2021 | Governments Trying to Shut Down People Gathering to Protest
The confidence in government is really collapsing around the world. In Australia, they are now telling people they should not even talk to anyone else in a desperate attempt to use this virus as a means to suppress society and end any assembly to prevent the overthrow of the government itself. Meanwhile, the US government […]
July 22, 2021 | Are Canadians Ready to Transition to a Lower Standard of Living?
If we’re serious about both climate change and having a functioning economy, great care will be needed in crafting “just transition” imperatives. Stewart Muir explains why. With the federal government now talking about “just transition” as a legislative and policy framework for re-doing the Canadian economy, anyone with a point of view on this topic […]
July 22, 2021 | Experience Trumps Extrapolation
Lance Roberts offers some valuable perspective in Knowledge vs. Experience: Why most investors end up losing, including the non-log chart of the S&P 500 Index below since 1957. This chart reminds us of just how historically extreme the rise in stock prices has been this cycle, and that the other two times when the index traded far […]
July 22, 2021 | The Carry Trade
Today this pathetic blog brings you another episode of its wildly incorrect “First World Financial Problems.” Forget about climate change, massive flooding, fires, BLM, BIPOCs, reconciliation, Gen Z angst, cops vs encampments, ODs, the deficit, LGBTQ+ and that damn virus Delta thingy. Life needs more Greta Van Fleet and, yes, questions like this one from […]
July 21, 2021 | The COVID-19 Scam and How We’re Paying For It
NORMANDY, FRANCE – The trip on the ferry passed agreeably. The sea was still and smooth… almost like a glass tabletop. We sailed along nicely, not noticing any motion. Arriving in France yesterday morning, we drove down to the Pays d’Auge to spend the night with friends. “You’ve come at a bad time,” said Jean-Paul. “France is […]
July 21, 2021 | BC Salmon Farms: What’s Next?
The phrase “like a fish out of water” is taking on new meaning, thanks to what is sure to be an unnecessary and awkward transition away from open-net salmon farming in BC’s coastal waters. The arbitrary decision by Fisheries Minister Bernadette Jordan to close 19 salmon farms in BC’s Discovery Islands area has taken another […]
July 21, 2021 | The Saretsky Report – June 2021
The Great reopening is upon us. Similar to the stock market, you have the pandemic trade, which resulted in people wanting bigger homes away from the city, and now I think we are entering the reopening trade. Take the US, for example, which is arguably a month or two ahead of us. Most of the […]
July 21, 2021 | The Match
Suzanne just started a new job. Kudos to her. Change is good. She figures about a decade to go before she winds down and retires. Of course, retirement used to be the goal. Now it’s just scary. Once upon a time people got defined-benefit pensions, knowing how much income there’d be forever. Now seven in […]
July 21, 2021 | Reduced Birth and Longevity Rates Exert Deflationary Impacts for Years
The COVID-19 pandemic has exacerbated the deflationary trends of falling birth and longevity rates, especially in the world’s largest consumer nation–America. The effects will last for years. Life expectancy in the U.S. fell by 1.5 years in 2020, the biggest decline in decades, as Covid-19 killed hundreds of thousands and exacerbated the rise in drug […]
July 21, 2021 | The Plot of the Demigods
QUESTION: Marty, Did you ever think when you studied history, created Socrates, then observed what would unfold in the future would lead you to what we see happening today, in social collapse and the march toward authoritarianism? Truly, wasn’t this like discovering the Rosetta Stone and other mysteries best left untouched? When did it dawn […]
July 20, 2021 | Treasury Yields Leading Risk Markets Lower
Born of inflation mania and rampant speculation, the latest downturn in risk markets has been telegraphed by declining global inflation expectations (below since 1995) and falling Treasury yields since the end of March 2021. As noted in my partner Cory Venable’s chart from the end of June (below), the US 10-year Treasury yield broke […]
July 20, 2021 | Vote Buying Season?
I’ve talked a lot about the great reopening trade. People are getting vaccinated, the weather is great, and people are desperate to get out of their house after tiresome lockdowns. In fact, Canada has now fully vaccinated 48.8% of its population against Covid-19, overtaking the U.S. for the first time. It’s no surprise that housing […]