ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
April 8, 2024 | Canada and Australia: Two Economies with Similar Challenges
Canadian GDP per capita declined for the 6th consecutive quarter in the final quarter of 2023; this means there are less resources per person–the standard of living is in decline.A new RBC study finds that more than half – one million – of 1.9 million new Canadian households by 2030 will not be able to buy a […]
April 8, 2024 | Zoning for Cash
Happy Monday Morning! It’s budget season, and the fiscal taps are wide open, flush with new promises and billions in new spending. This will make life more difficult for Macklem and friends at the Bank of Canada who are still fighting the last mile on inflation. They’re on deck this week, no cut expected. It […]
April 8, 2024 | The Eclipse of ’24 – Good or Bad Omen?
Since ancient times, eclipses and comets have been omens of good and bad events. The Babylonian priests saw the connection between geopolitical events on Earth and the movement of the stars in the heavens and gave birth to astrology. But they also could see the cycles in everything and were rather good […]
April 7, 2024 | At Ringside for Another Freaky Friday
[Many readers of these weekly commentaries may not be aware that the focus of Rick’s Picks each day is on timely trading ideas. Below is chat room banter for a typical ‘freaky Friday’. The discussion includes several trades that were posted ahead of actionable opportunities in a few stocks, including McDonald’s, Tesla and Amazon. All the links […]
April 7, 2024 | Bank of Canada Balance Sheet QT Sheds 64% of Pandemic QE Assets, Indicates QT Might End in September 2025
The Bank of Canada, in its quantitative tightening program, does not cap the roll-off. Whenever Government of Canada bonds in its portfolio mature, the BoC gets paid for them at face value and doesn’t replace them. That’s the roll-off. There are months when nothing in the BoC’s portfolio matures, and there are months when a […]
April 7, 2024 | Trying to Save the Future – Redesigning Government
It took the Roman Empire about 314 years (Pi) to realize that it was just too big and complicated for one man to rule. The Tetrarchy was the system instituted by Roman emperor Diocletian (284-305AD) in 293 AD to govern the Empire by dividing it between two emperors, the augusti (presidents), and their junior […]
April 7, 2024 | By the Dawn’s Early Light: On the Fall of the Francis Scott Key Bridge
The Baltimore bridge that collapsed on March 26th was named for Francis Scott Key, who wrote the lyrics to the American national anthem “The Star-Spangled Banner” in 1814. His inspiration was the British bombardment of Fort McHenry in the critical port of Baltimore during the War of 1812. The British had just burned the U.S. Capitol and the […]
April 7, 2024 | What’s So Great About the Great Reset, Great Taking, Great Replacement, Great Deflation, and Next Great Depression?
“At the point where the illusion becomes too expensive to maintain they will just take down the scenery, they will pull back the curtains, they will move all the tables and chairs out of the way, and you will see the brick wall at the back of the theatre.” – Frank Zappa “In the past […]
April 6, 2024 | Trading Desk Notes For April 6, 2024
Gold closed at All-Time highs this week, up 29% from the 2023 lows made on October 6, the day before Hamas attacked Israel. Gold rallied over $150 in the last seven trading days, making new highs every day this week and closing at its highs on Friday, as anticipation grows Iran will respond to the attack on […]
April 6, 2024 | Climate Change Justifies Killing 2 billion People to Save the Planet Before 2027
I have written in the past few weeks that all my sources are DEEPLY concerned that the Climate Change movement is transforming into using war to reduce the population. I have warned that the Climate Change zealots who have usurped the White House along with the NEOCONS are in bed together. They are pushing for […]
April 6, 2024 | Tech Talk for Saturday April 6th 2024
The Bottom Line World equity indices moved slightly lower last week. Exceptions were the TSX Composite Index and the Shanghai Composite Index. Industrial commodities and related equities continued to move higher. ‘Tis the season for industrial commodity prices and their related Exchange Traded Funds to move higher until early June!
April 5, 2024 | Famous Climate Scientist Heats Up Debate with a Bold Prediction
James Hansen is an 83-year-old climate research scientist that became known in the 1980s for making accurate predictions about global temperature increases. Now, he forecasts that warming is happening even faster than he expected. Will policymakers listen to Hansen this time? His latest paper, a 33-page peer-reviewed report that was published in November 2023, covers […]
April 5, 2024 | Gold Porn, Part 1: Gold Bugs Are Suddenly Cool
Suddenly the rest of the world is “gold curious.” With the current spot price piercing $2300/oz this morning … … we long-suffering stackers (and gold/silver mining stock investors!) can be forgiven for wanting to enjoy the moment. So let’s survey the headlines. Start by Googling “gold price” and note that even CBS’s audience is wondering […]
April 4, 2024 | Is This “Silver Squeeze” For Real?
How long has it been since silver generated any real excitement? So long that even most stackers would have to look it up to say for sure. The answer is mid-2020, when a bunch of online traders called “Redditors” decided to chase the metal like it was a meme stock, nearly doubling its price in […]
April 4, 2024 | The New Squatting Real Estate Market in NYC
A New York Real Estate Agent for Squatters pic.twitter.com/Xr72DoG8kB — Ryan Long (@ryanlongcomedy) April 2, 2024
April 4, 2024 | Impossible Home Prices Are The Problem
The median Canadian household income of $85k (Dec 2023) now qualifies for a maximum home price of $496k (assuming 20% down, 25-year amortization, and current mortgage rates (5-year fixed). That’s a problem since the avAdd New Posterage home price is $796k, an impossible 9.4x the median household income. The long-standing affordability rule is a home […]
April 4, 2024 | Fed Balance Sheet QT: -$1.53 Trillion from Peak, to $7.44 Trillion, Lowest since February 2021. The BTFP Plunged by $34 Billion
Total assets on the Fed’s balance sheet fell by $99 billion in March, to $7.44 trillion, the lowest since February 2021, according to the Fed’s weekly balance sheet today. Since the end of QE in April 2022, the Fed has shed $1.53 trillion. There have been discussions at the Fed about how and when to […]
April 3, 2024 | Israeli into April
QUESTION: Marty Socrates was the only one to forecast the trend change in Israel in 2021. With tensions rising over Iran, the forecast for a dollar rally into 2025 seems to be on point. My question is, I assume the 2021 low is a major low, and how high will the dollar go? Thank you […]
April 3, 2024 | Rank Lawbreaking is a Popular Business Model
It’s not just crypto that’s lawless; it’s finance and many large corporations. Without equal prosecution and punishment prospects for all, we undermine the rule of law on which democracies depend. Mainstream finance companies that sell themselves as prudent and trustworthy while packaging gambling products to sell to the masses compound the harm. Better Markets CEO […]
April 2, 2024 | Why Are Central Banks Buying Gold?
Investors’ curiosity has peaked as central banks are increasing their gold purchases. We are not going back to a Bretton Woods type situation and that is not the issue. You must understand that gold is neutral. Central banks are buying gold because the Neocons have weaponized the dollar. Russia was removed from the SWIFT […]
April 2, 2024 | All In and Then Some
In every market cycle, once everyone who can or will buy has bought, only sellers remain. Today, households have a record 48% of their financial assets allocated to equities, the same level as the tech top in March 2000 and above the cycle peaks in early 2008 and 2022 (shown below, courtesy of The Daily […]
April 1, 2024 | Productivity Emergency
Happy Monday Morning! The Canadian population ballooned by nearly 1.3 million in 2023, Stats Canada reported this past week. The expansion was fuelled largely by the arrival of temporary residents, which include international students, asylum seekers and people in Canada on work permits. Last year, their ranks grew by slightly more than 800,000, according to […]
April 1, 2024 | Canada’s Population Hits New High
PM Justin Trudeau’s goal of importing immigrants is going as planned. Statistics Canada reported that the nation added over 1.27 million new residents between January 1, 2023, and January 1, 2024. This 3.2% uptick in the population is the highest on record since 1957. Yes, immigration is the main reason that Canada’s population is soaring. […]
March 31, 2024 | How Many More Days Will Biden Create for LGBTQ+?
The White is claiming the Republicans are making too much out of naming March 31st Transgender Day. When you look at the list of all the days LGBTQ+ has already claimed, like Lesbian Visibility Day, the problem that surfaces is that they have so many days while groups like the Irish have but one […]
March 31, 2024 | Good Time to Buy Gold? – Update
On Oct 17, 2023, when gold was priced at $1,831/ounce, I posted THIS In early March 2024, gold broke out to a new record high – and was priced at $2,232 on March 29th. So far, so good.