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September 13, 2020 | Subprime Auto-Loan Delinquencies, Loan Deferrals & Stimulus Curdle into Curious Phenomenon

OK, get this: At a time when there are 29.6 million people claiming state or federal unemployment insurance because they lost their work in the worst economy of a lifetime, subprime auto-loan delinquencies, which in the past had spiked during much smaller labor market downturns, are doing the opposite: they’re dropping. Meaning, since April, people […]

September 13, 2020 | Fauci Belongs in Prison

COMMENT: Marty, Good morning. Well here we go, not that we didn’t already know, but here we have Fauci making an official proclamation of what’s to come over the next few months. In another article from CNN about Fauci’s proclamation, continued widespread use of face masks is promoted as are keeping college students away from […]

September 12, 2020 | Amid COVID-19 Economic Strains, Forest Recommendations Weigh Heavily

NEWS ANALYSIS: Residents of dozens of British Columbia forest communities are on edge. Will the province’s most renewable industry be allowed to continue after the release of a new provincial study? Stewart Muir looks at the facts. While there’s no telling what the Gorley-Merkel report on old growth forestry management will say when it is released in the […]

September 12, 2020 | Gold – Repo Crisis – New Green World Order

QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is […]

September 12, 2020 | Trading Desk Notes September 12, 2020

The big drivers of market psychology year-to-date have been, 1) the virus (and its anticipated knock on effects) followed by, 2) massive stimulus from Central Banks and governments. The virus psychology drove equities and commodities down hard…while driving bonds and the USD higher…whereas the stimulus has had the reverse effect on equities, commodities and the USD. […]

September 11, 2020 | Task Force Raises the Bar for Envisioning a Clean and Prosperous Future

The Real Jobs, Real Recovery initiative brought together 36 organizations from across Canada to show a leadership path for decision making at the national level. Resource Works served as the convening platform for the project, marking the first time the BC-based organization has stepped up to a national mandate. “The timing was right for the […]

September 11, 2020 | Bank of Canada Runs Out of Ideas

Monetary policy, as practiced by central bankers around the world, has been ineffective for most of the last decade and longer. In the current crisis, their traditional toolkit, which focuses on manipulating interest rates, has failed. Is there more that the Bank of Canada can do during this economic emergency? Here is an excerpt of […]

September 11, 2020 | The Money Tree

Some people wonder how, in the midst of recession and pandemic, RV sales are surging. Boats, quads and hot tubs are flying off the shelves. Building supplies are scarce and precious as prices rip higher. Real estate is sizzling with sales and values inflating – as if the economy were on fire. But it’s not. […]

September 11, 2020 | Demand for Greenbacks Intensifies

As the US dollar Index (DXY) hangs in this morning above 93, other commodities like precious metals, oil, natural gas and equities are losing ground once more. While most people understand that the world is highly indebted today, many miss that the largest share of that debt is denominated in US dollars. As international trade […]

September 10, 2020 | National Forest Week: “Healthy Forests, Healthy Future

British Columbia municipalities including Prince George are declaring National Forest Week Sept. 20-26 locally as the commemoration celebrates 100 years. Resource Works is partnering with the Canadian Institute of Forestry / Institut forestier du Canada to support British Columbia forest communities in marking National Forest Week, Sept. 20-26. Prince George was among the first municipalities […]

September 10, 2020 | NB Chief Strategist: ‘Negative Economic Surprises’ on Deck

It is rare for a chief market strategist for a major bank to discuss downside risks in Canada so plainly. This segment was recorded during yesterday’s market bounce.  Most stocks, especially in Canada, remain well below their February highs, however, the rebound since March made back some losses and has afforded another opportunity to reduce […]

September 10, 2020 | The Airheads

Covid killed tourism. And that slaughtered Airbnb. The company says bookings have started to reappear, but the revenue hit was about $1 billion. That temporarily put the kybosh on plans to take the room-sharing giant public, making the founder a bazillion. Some online, shared-economy ideas are winners. After all, who doesn’t love the dancing nymphs […]

September 10, 2020 | Watch the Dollar Call the Fed’s Bluff

It’s obvious that the U.S. dollar is the only thing occupying investors’ symian brains at the moment, since stocks are moving in lock-step against it. Even gold and silver have been kow-towing, reacting to every dollar zig with a precisely measured zag. That’s why I recently shifted my technical focus from AAPL to the Dollar […]

September 10, 2020 | War – Civil Unrest – Chaos

QUESTION: Dear Mr. Armstrong If Trump is to WIn the election, we “should” see a rally to 2022 which then should be a high. As mentioned by you there could be a assassination attempt on Trump, if so will they blame it on China and hence start of a hot war? If i recall correctly the […]

September 9, 2020 | Natural Resources? Cut the Red Tape

One of many things for Ottawa to address as it drafts Canada’s post-pandemic economic recovery: red tape. Red tape – the elaborate and time-eating processes of application, review, public input, hearings, evaluation and (if lucky) final approval of major natural-resource projects in Canada. One oft-cited example is the $11.4-billion Pacific NorthWest LNG project in BC […]

September 9, 2020 | Tiffeconomics

“Tearing my hair out here,” says Brenda, who needs to get a life. “Your blog keeps talking about stupid cheap mortgages at 1.5%, but the best my bank (the green one) will give me is 1.81%. So what should I be doing because my loan comes due in a few months? Will I miss this […]

September 9, 2020 | All Eyes on the Dollar Teeter Totter

In August, I pointed out that the US dollar index (DXY) was looking oversold and that a bounce in the 92 range could signal the next retest for risk assets on the other end of the dollar teeter-totter.  Here was my partner Cory Venable’s big picture chart of the dollar index from 1995 to August 7.   […]

September 9, 2020 | FANG Index Nearing Critical Support – Could Breakout At Any Moment

RESEARCH HIGHLIGHTS: The washout-low price move in FANG stocks may present a needed rotation in price before another upside move sets up. Tweezer Bottoms pattern and RSI pennant formation suggest very clear support levels. Watch how Volume and the VIX pick up over the next few days, and how price reacts to this bounce at […]

September 9, 2020 | World Has Gone Mad

COMMENT: Hello Martin I listened to your video today about how Socrates predicts civil unrest. It was very informative when you said that the majority of governments are failing and have deficits. In Scotland the first minister may call for a referendum for independence which the media says 56% of the population are in agreeance […]

September 8, 2020 | The Democrats are Indeed Looking for a Coup d’etat

The Democrats are approaching the military to remove Trump as long as the major press declares Biden the winner. They also have the intelligence agencies in their back pocket. Based upon our computer projections for Panic Cycles starting in November and running into February, yet predominantly in December and February, I do not see the […]

September 8, 2020 | Fed ‘Sink Hole’ No. 2

Last week, I told you about the greatest wealth gap of all time. That was Fed “Sink Hole” No. 1. The second “sink hole” — courtesy of your U.S. Federal Reserve — is (drum roll please) … The Greatest Government Debt of All Time   Enabled by the Fed’s epic money printing binges, the U.S. government went on a series […]

September 8, 2020 | The Largest Mortgage Origination Volume on Record

Record low interest rates led to a surge in mortgage refinance originations. According to Black Knight’s Mortgage Monitor, a surge in refinance lending driven by record-low rates lead to the largest quarterly volume on record.Key Points  Q2 2020 saw the largest quarterly origination volume on record with nearly $1.1 trillion in first lien mortgages originated in […]

September 8, 2020 | Imagining the Future of Canada’s Oil and Gas Industry

Building backward, not building back better, is the risk of shunning innovation in the four-fifths of global energy that comes from fossil fuels. A recent opinion piece in The Globe and Mail said that “Canada shouldn’t spend to revive a dying dream” – another shot at the country’s largest industry – the natural gas and oil sector. […]

September 8, 2020 | The Truth About Obscenely Priced ‘Investments’

While the largest tech companies have leapt in price, aggregate earnings for NASDAQ 100 companies have fallen 30% year to date.  Before last week’s modest sell-off, the largest five–Apple, Microsoft, Amazon, Facebook and Google (Alphabet)–accounted for a record 23% of the entire S&P 500 index, the highest concentration of the top five on record, even […]

September 8, 2020 | Hicksville

Once there were cows. Then cookie-cutter little houses on treeless streets. Then the Home Depot came. Fat roads. Traffic and people. McMansions And now this. Last month 360 detached houses sold in Mississauga (pop 800,000) for an average price of $1,307,832. That was $244,300 (or 23%) more than the same house fetched a year ago. […]

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