ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
February 3, 2024 | Surviving Nuclear War
COMMENT: I just read Newsweek. I now know why you live on the beach. You can convert the water to fresh and live off of seaweed. Very interesting. Paul REPLY: Paul, I also like the fresh air, the white sand, blue water, and the sky is different every day.
February 3, 2024 | Tech Talk for Saturday February 3rd 2024
The Bottom Line Exceptional price gains on Friday by Meta Platform (Up 20.32%) and Amazon (Up 7.87%) after their release of better-than-consensus quarterly results significantly distorted performance of the S&P 500 Index relative to the Equal Weighted S&P 500 Index and its related ETF: RSP. Since December 28th the S&P 500 Index has gained 3.66%% […]
February 2, 2024 | Judge Postpones Trump’s Trial Indefinately
U.S. District Judge Tanya Chutkan, who has Trump’s Washington case brought by Jack Smith, wrote an order that means something is wrong. Her order has postponed the trial indefinitely, and rightly so, given the fact that the questions presented involve what one would classify as Subject Matter Jurisdiction, which can NEVER be waived. She wrote: “The court […]
February 2, 2024 | Canada Might Abandon Its Inflation Target in a Recession
The Bank of Canada (BOC) held interest rates steady at 5 percent in January, highlighting growing weakness in the Canadian economy. But unfortunately, inflation is not declining as fast as the central bank would like. Will the central bank abandon its inflation target? While the weakness in the economy would normally allow the Bank of […]
February 2, 2024 | Thoughts From The Front Line of Commercial Real Estate
As Meta and Amazon further fan animal spirits in the tech sector, the melt in commercial real estate is spreading through the economy and financial system. US regional banks are -54% since January 2022, and the contagion is international, see Commercial Property Losses Hammer Banks on Three Continents: Investors have wondered when the pain from the […]
February 2, 2024 | A Big New Development
A recent development in COMEX silver futures positioning has been unusual enough that I didn’t detect it at first, because it has been somewhat gradual. Over the past five reporting weeks, from the COT report as of Dec 19, 2023 to the most recent report as of January 23, 2024, the number of long traders […]
February 1, 2024 | Lacy Hunt on Thoughtful Money
Is the soft landing camp being proven right? Have we been able to side step the Lag Effects so many expected from the Fed’s aggressive campaigns of rates hikes and Quantitative Tightening? Is inflation indeed on its way to being tamed this year? For answers, we have the great fortune to sit down today with […]
February 1, 2024 | Time For A Trust? If So, What Kind?
Let’s say you own a bunch of uranium stocks and your nest egg is becoming an “estate.” Well done! Now it’s time to avoid excessive taxes and make the eventual transfer to your kids and grandkids seamless and stress-free. One way to do this is via a trust, a legal entity that holds and disburses money while […]
February 1, 2024 | Migrants Violently Attack Police – Released Without Bail
There is no law and order in Biden’s America, where not even the police are safe. A mob of migrants attacked two New York police officers in Times Square. Surveillance cameras captured the attack that occurred in broad daylight. You can see the migrants drag two officers to the sidewalk, where they proceed to kick […]
January 31, 2024 | Biden Arms Greece in Loophole Deal
The Biden Administration’s top priority is setting the stage for the next global conflict. The federal government has refused to fund US infrastructure, address rising homelessness and crime, or secure the border. They claim that they do not have the funds to [fill in any severe problem the US is facing]. However, the US […]
January 31, 2024 | Art of the Collapse, February 2024
Civil War?… So the US opens its borders and millions of people stream across. Border states are inundated, and Texas blocks one of the more popular illegal entryways with razor wire. The Supreme Court rules that the Feds can take the wire down, Texas says “try it and see,” and a bunch of other states […]
January 31, 2024 | Layoffs Leaping in 2024
Companies could be expected to ramp up layoffs come March, according to research by Danielle DiMartino Booth, CEO of QI Research. Here is a direct video link.
January 30, 2024 | Farmers Descend on Paris
Farmers throughout the world have been protesting the increasing regulations on agriculture. The media is barely covering the story, and when they do mention it, they say that the farmers are protesting due to Russia blocking supplies from Ukraine. This is simply untrue. The farmers are protesting against over-regulation, taxes, and the climate change […]
January 30, 2024 | The End is in Sight
There is a shocking level of undervaluation for silver compared to gold, even though the ratio had widened out to more than 91 to 1. Considering that there is a pronounced and deepening physical shortage in silver, the silver/gold price ratio should be closer to 9 to 1. That would put silver prices around $225 […]
January 30, 2024 | Re-Steepening of the Yield Curve Signals Rising Unemployment and Deepening Bear Markets
The US 10-2-year Treasury yield spread (via YCharts below) has moved from a deep inversion at 108 bps last July to -14 bps today. This process is known as re-steepening.Re-steepening of the yield curve (10 minus 3-year spread in brown below since 1989, courtesy of my partner Cory Venable) has historically coincided with rising unemployment claims (in […]
January 30, 2024 | Gold, When All Else Fails, Part 1: China’s Last Resort
Since the beginning of recorded history, people have viewed gold as 1) money and 2) something to be replaced by sexier financial instruments whenever possible. Today’s fiat currencies, for instance, exist because governments find creating “wealth” out of thin air much more fun than living with a fixed money supply. And as financial markets have […]
January 30, 2024 | The Most Splendid Housing Bubbles in America, January 2024 Update. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Las Vegas, even San Diego
The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers dipped a hair from the prior month and is now forming a beautiful double-top, after a huge mind-blowing spike. We’re going to get to the individual “most splendid housing bubbles” – as we’ve called them since 2017 to […]
January 29, 2024 | Could Texas Survive as an Independent Nation?
The severity of the migrant crisis may be new to those who do not live on a bordering state. Yet Texas has been grappling with this issue for years, resulting in countless calls for a secession from the United States or “Texit.” How would Texas manage as an independent nation? Size and Population Texas […]
January 29, 2024 | Gold, When All Else Fails, Part 1: China’s Last Resort
Since the beginning of recorded history, people have viewed gold as 1) money and 2) something to be replaced by sexier financial instruments whenever possible. Today’s fiat currencies, for instance, exist because governments find creating “wealth” out of thin air much more fun than living with a fixed money supply. And as financial markets have […]
January 29, 2024 | Kneecapped
Happy Monday Morning! As expected, the Bank of Canada maintained rates at 5% this past week. While Tiff pushed back on rate cut talk, he did leave us with some clues. “If the economy evolves broadly in line with the projection we published today, I expect future discussions will be about how long we maintain […]
January 29, 2024 | Danielle on Thoughtful Money
Danielle was a guest with Adam Taggart on Thoughtful Money. Here is a direct video link.
January 28, 2024 | Going Bang!
“The Fickle Nature of Confidence” Stratospheric Heights Patience Pays Off New York, Somewhere in Florida, and… In thinking about the 2020s, I often find myself looking back to the 1920s. That decade began with a deep recession/depression and ended with a stock market crash. While we now see the 1920s as a kind of “in […]
January 28, 2024 | Gold Stocks and the Coming Judas Swing
[This week’s commentary was written by David Isham, a longtime Rick’s Picks subscribers from Northern California who has been investing in bullion since he was in grade school four decades ago. RA ] Although gold appears to have broken out of a triple top and recently hit fresh all-time highs at $2152, the gold miners are trading at the […]
January 28, 2024 | No Cash Accepted
Businesses are increasingly preventing customers from using cash as NO CASH ACCEPTED signs line Main Street. No federal law requires businesses to accept cash, but some states and cities have implemented laws mandating businesses to do so. COVID accelerated the push toward a cashless society, as physical cash was seen as unhygienic. Then the […]
January 27, 2024 | Trading Desk Notes For January 27, 2024
US stock indices are higher again this week, with the DJIA up ~6,000 points (18%) from its October lows The S&P, Nasdaq 100, DJIA, and the VTI ETF have all closed higher for 12 of the last 13 weeks. The rally continues to be led by big-cap tech, with MSFT and AAPL both reaching a $3+ […]