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April 17, 2019 | The Trump Market Bump. Will it Slump? Follow the Trends

KINGSTON, NY, 17 APRIL 2019—What a difference a year makes. In response to the U.S. Federal Reserve’s 2018 aggressive interest rate policy, equity markets across the globe tanked. The Dow had its worse December since the Great Depression, but following the Fed’s January U-turn and signals that there would be no rate hikes until 2020, […]

April 17, 2019 | The Public Banking Revolution Is Upon Us

As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is extremely close, with state bank bills now passing their first round of committee hearings […]

April 17, 2019 | House Prices in 12 of California’s Most Expensive Coastal Counties Fell in March from a Year Ago. Here are the Charts

Despite “the lowest interest rates in more than a year.”   In California, the median house price in March was essentially flat with March last year at $565,880, according to the California Association of Realtors. But among the most expensive 16 coastal counties – those with a median price for a single-family house above $500,000 – […]

April 17, 2019 | China & Buying Gold – Why?

QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis coming in 2021. China has continued to increase its gold reserves. You would please update on that development. Thank you PK ANSWER: Central banks are in a very […]

April 17, 2019 | You What?

To earn 3% these days on an investment that carries zero risk, you have to take a lot of risk. That’s the princely sum paid on a five-year Guaranteed Investment Certificate (GIC) from a well-known, top-of-mind, brand-name outfit like Oaken Financial or Maxa Financial. And this may be the first risk: who the heck are […]

April 16, 2019 | Extinction Rebellion Turning Violent in London

  In Britain, arrests were made after the London headquarters of Shell Oil was targeted by climate change protesters calling it an Extinction Rebellion (XR) with demonstrations staged across London. The messages they were yelling is that “Shell kills” which they also sprayed on to the property, while a female climate change activist glued herself to […]

April 16, 2019 | Opportunity Handed to You on a Silver Platter

Silver put in a double-bottom last fall. It tested its December 2015 low, but couldn’t manage to break below it. Now, after a rally off that bottom, we have a pullback. This could be the opportunity we’ve been waiting for! Look at this chart of the iShares Silver Trust ETF (SLV) and you’ll see what I mean […]

April 16, 2019 | Watch The Financial Sector For The Next Topping Pattern

A very interesting price pattern is setting up in the financial sector that could lead to a very big move in the US & Global markets.  Remember how in 2008-09, the Financial sector and Insurance sector were some of the biggest hit stock sectors to prompt a global market crisis?  Well, the next few weeks […]

April 16, 2019 | Does Uranium Have a Fertilizer Problem?

Readers have asked about reports that uranium extracted from phosphate fertilizer could impact the price of uranium. The thrust of these reports is actually that proposed changes in international standards could make it easier for countries without nuclear weapons to more easily get their hands on “under the radar” uranium. Such supplies could be used for […]

April 16, 2019 | Debt-Fueled Property Bubble Deflating in Stockholm Too

Low-interest rates, lax-lending and speculative fever, drove a boom in property demand, size and opulence over the past decade in most of the world’s major cities.  Now home prices are unaffordable for most and debt is maxed out everywhere, just as aging owners are looking to cash out and lower expenditures en masse.  The predictable […]

April 16, 2019 | The Stress Mess

Once the smoke clears over Edmonton and Calgary it should be evident to the T2 gang that they’re in trouble. Deplorables running Owetario and the oilfields. Four provinces suing over the carbon grab. Jody and Jane refusing to shut up and go away, like proper ladies. Worrisome poll numbers, even out of the Maritmies where […]

April 16, 2019 | Dancing on the Crumbling Precipice

Dancing on the crumbling precipice The rocks are coming loose just at the edge Are we laughing? Are we crying? Are we drowning? Are we dead? Or is it all a dream? The bombs are getting closer everyday “That can never happen here” we used to say Have these wars come to our doorstep? Has […]

April 16, 2019 | Central Banks Soften Us Up For Higher Inflation

There was a time when “price stability” – that is, money that buys the same amount of stuff every year – was considered a good thing. But as debts began to pile up around the world, it became clear to policymakers that managing that debt required money that got a little less valuable over time, […]

April 16, 2019 | Banks Raise Loan Loss Provisions: BofA Sees No Recession But is Prepared for One

JPMorgan, BofA post record results on the back of retail divisions. BofA says it is prepared if a recession hits. Interest rates have gone up for those seeking loans. Bank profits are up because interest rates have not gone up as much for depositors. Please consider Big Banks Lean on Main Street for Profit Before […]

April 15, 2019 | IMF Hands $4.2 billion in loans for Ecuador for Julian Assange

The evidence of political pressure on Ecuador is surfacing. The IMF Executive Board Approved US$4.2 Billion  (435% of quota and SDR 3.035 billion) Extended Fund Facility for Ecuador. The Executive Board agreed to this arrangement with strings attached. The Board’s decision enables the immediate disbursement of US$652 million (equivalent to SDR 469,7 million, or 67.3 percent of […]

April 15, 2019 | Despite Record Bull Market, Pension Plans in Miserable Shape: Illinois the Worst

The amount owed to retirees accelerated faster than assets on hand despite a record bull market. The Wall Street Journal reports the Long Bull Market Has Failed to Fix Public Pensions. “Some of the states allowed themselves to get so underfunded that the higher returns aren’t helping them enough,” said Michael Cembalest, chairman of market and […]

April 15, 2019 | Do You Know Where Your Money Is? A History to Consider!

Maria Bartiromo, a financial journalist and prior CNBC commentator, used to say “do you know where your money is”. This question raises questions in one’s mind about one’s savings, investments, security, etc. I would like to ask a few deeper questions for each of us to consider in this missive . Is there such a ‘thing’ […]

April 15, 2019 | Canadian Households at Point of Hard Return

At 1.1%, the Canadian savings rate is today near all-time lows, while Canadian debt is at all-time highs, and unemployment is set to move higher. Years of reckless financial policies have driven Canada to the point of hard return.  This one is gonna hurt. As observed by Canadian consumer credit expert Scott Terrio this morning: No […]

April 15, 2019 | News

How are things going, you ask, during the height of the Spring housing mania? Well, as polling day dawns in Calgary it’s a mess. Sales year/year down again, prices have fallen and sellers are lonely. So far in 2019 there have been 8% fewer deals than last year (which was a disaster). Selling prices have […]

April 14, 2019 | Human Nature Reveals Itself Daily!

  After some 77 years on this planet I find that human nature is an interesting issue.  I have discovered that most people will generally not pursue hard realities but acquiesce to the easy path (mostly). What do I mean? If you read my prior missive on the six criminal banks, you can discern that […]

April 14, 2019 | Japan’s Population in Record Decline: Startling Projections

Japan’s native population declined by 430,000 people in 2018, a record 0.21%. Japan is set to lose a midsize city, approximately the size of Austin Texas, every year according to a Financial Times report and stats from the IMF. ​ “The reason Japan’s population is now falling so fast is not the low birth rate but rather […]

April 14, 2019 | The Choice

If polls mean anything, Tuesday night Premier Kenney will stand on a stage, rage into the mics and declare war on Ottawa. Albertans will be the latest group to throw the current bums out in favour of new ones. The Canadian tradition of voting against stuff (in this case, Notley, Trudeau, Quebec, BC, carbon taxes, […]

April 14, 2019 | Things That Seem Normal But Definitely Aren’t, Part 1: Soaring Chinese Debt

The era of fiat currencies and central bank printing presses has desensitized us to massive leverage and its implications. So when it is reported, for instance, that China‘s private sector borrowing has risen to levels that are unprecedented in financial history, this is greeted with a collective yawn. It shouldn’t be, though, because no society […]

April 14, 2019 | Bullish Frenzy Keeping Some Big Losers Aloft

Investors have thrown caution to the wind as they bid up FAANG stocks to imprudent heights and provide overly generous bids for a few others that face serious jeopardy, including Tesla and Boeing. Even so, the herd evidently had second thoughts about one stock on Friday, pummeling the shares of Netflix when competitor Disney announced […]

April 14, 2019 | Japanified World Ahead

Regular readers may have noticed me slowly losing confidence in the economy. Your impression is correct and there’s a good reason for it, as I will explain today. The facts have changed so my conclusions are changing, too. I still think the economy is okay for now. I still see recession odds rising considerably in […]

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