ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 21, 2023 | Your First Gun
“Your only rights are those you can defend” — Thomas Jefferson or someone similar Many readers of this newsletter are already well-armed. If you’re one of them, this article is not for you — though you might want to check it out and post constructive criticism or pro tips in the comments. Anyhow, here goes: […]
November 20, 2023 | Here Comes the Kitchen Sink
Happy Monday Morning! The Canadian housing market is a funny thing. Despite a constant barrage of policy measures hoping to fix the crisis, affordability continues to deteriorate. As affordability issues deepen, policy measures are becoming more aggressive. Just to recap, over the past few years various levels of government have introduced a foreign buyers tax, […]
November 20, 2023 | Bear Market in 2024 – but Bonds Have More Fun
Facts and analysis without the product-pumping sell-side spin–rare and valuable. The overview in this segment is worth a listen. The world has watched intently as the world’s most influential central bank, the Federal Reserve, has implemented the most aggressive interest rate hike campaign in history — on a % change over time basis. But […]
November 20, 2023 | Videos Prove January 6 was an Inside Job
House Speaker Mike Johnson plans to release all of the hidden footage from the January 6 planned insurrection. We know from countless sources that the FBI was on the ground that day and hiding within the crowd. Ray Epps urged the protesters to go inside the building, and the following day, someone opened the […]
November 19, 2023 | Spike in Gun Sales – Public Confidence Wanes
Another indicator that the people have lost all hope in the public sector is the recent rise in gun sales across America. Gun sales rose 8.3% in the past year, according to the FBI National Instant Background Check System (NICS). Over 1.33 million guns were legally acquired in October alone. The people do not trust […]
November 19, 2023 | Celebrating the Wealth Effect’s Last Hurrah
Lacy Hunt, a gray eminence of the financial world and no doomsayer, was out with a Hoisington Report recently that should scare the pants off anyone concerned about the direction of the U.S. economy. His meticulously detailed take on a commercial real estate debacle that has been metastasizing for more than a year should dispel […]
November 19, 2023 | Socially Insecure
If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries. —Alan Greenspan, Speech to the Commercial Finance Association on October 26, 2006 The federal government starts a new fiscal year every […]
November 18, 2023 | Trading Desk Notes For November 18, 2023
Soft CPI = stocks and bonds up, USD down The Tuesday morning CPI report was marginally softer than expected; the market took that as “confirmation” that the Fed is DONE – stocks and bonds surged higher, and the USD tumbled – its biggest down day since falling on the softer-than-expected CPI report in November 2022. The […]
November 18, 2023 | Tech Talk for Saturday November 18th 2023
The Bottom Line The yearend rally from late October to the first week in January for North American equity indices continues. Historically, as part of the yearend rally, North American equity markets have moved higher from just before U.S. Thanksgiving holiday (November 23rd this year) to the first trading day in December.
November 17, 2023 | Buyers in Hibernation as Home Prices Fall
From 2000 to 2022, Canadian home prices increased 375% (an average of 17% annually, shown in red below), while the average Canadian wage (black line below) rose 3% per year. In the Greater Toronto and Vancouver Areas, where most of the population lives, median home prices rose 450% and 490%, respectively. The mania escalated during the pandemic when prices in popular areas leapt 50% between the end […]
November 17, 2023 | An Answer Long-Overdue
One of the key data points in silver is the level and change in recorded bullion inventories, primarily in the COMEX warehouses and the silver ETFs. Particularly over the past few years, any number of daily commentaries have sprung up, slicing and dicing the inventory data, with special emphasis on the COMEX warehouse data, as […]
November 17, 2023 | Wind Power Growth Hits a Major Bump in the Road
Wind power was predicted to boom in the U.S., partly due to incentives under the Inflation Reduction Act. Plans to build offshore and onshore wind turbine farms were expected to create a surge in capital investment and provide substantial new sources of renewable energy. The offshore wind power capacity was forecast to reach 30 gigawatts […]
November 17, 2023 | China Extends Olive Branch to US
The Asia-Pacific Economic Cooperation (APEC) summit concluded with China and the US agreeing to partner on trade military strategy. The love-hate relationship between America and its largest trading partner has been strained for may years and completely counterproductive. China’s President Xi Jinping made it clear to Biden that the US is either for or […]
November 16, 2023 | Recession Watch: Wow, That Was Fast
One of the many surprising things about the Everything Bubble was the way interest rates kept rising. A lot of observers (including this one) believed that in each successive bubble, the “terminal” interest rate — that is, the rate that starts to break things, causing a crash — would be lower because the amount of […]
November 16, 2023 | BCA: Double-Ddigit Stock Market Drop in 2024
Higher interest rates have sharply increased carrying costs while lowering spending and investment through the economy. Both revenue and profit numbers are broadly in retreat and the urge to cut costs is intensifying. There will be a bottom in equity markets, but it has never come before central banks have resumed easing monetary conditions. Recessions, […]
November 16, 2023 | Crime is Killing Brick & Mortar Stores
@ivangtv Grocery prices in alaska are INSANE #alaska #groceryshopping #inflation #foryou ♬ Aesthetic – Tollan Kim Crime in America is completely out of control. Since looting is legal in Soros-backed blue cities, countless stores and businesses are fleeing. This is also occurring with the most basic stores, such as pharmacies and grocers. Countless stores have […]
November 15, 2023 | Inflated Risk Assets Mean Central Banks Tighter For Longer
A flat October US CPI release yesterday inspired both equities and bonds to rally on a growing belief that inflation is decreasing, and the US and Canadian central banks, on hold since July, are done hiking policy rates this cycle. The most abrupt monetary tightening in many decades has thrown a ton of drag on heavily indebted […]
November 15, 2023 | State Wealth Migration
In 2019, New York hosted 72 billionaires. That figure has declined to 62 in 2023, with smart money fleeing the state due to high taxes and crime. The state of New York depends on the top 1% of earners to pay 42% of its tax burden. New York is already operating in a deficit […]
November 14, 2023 | Jim Cook Interviews Ted Butler
Cook: Is the public’s interest and knowledge about silver picking up? Butler: I’d say yes, overall, but I am still of the opinion that most still don’t fully grasp how silver has been manipulated and suppressed in price for 40 years – and this is the absolute key to why someone should buy and hold […]
November 14, 2023 | Consumer Spending Plans at Recessionary Levels
The University of Michigan Consumer Survey for November found a fresh low in spending intentions. Consumers citing interest rates as preventing them from buying an automobile (36%) and a home (67%) were the highest since the 1981 and 1982 recessions when the Fed funds rate was 12 and 10 percent, respectively, versus 5.5 percent today. […]
November 14, 2023 | Uranium Stocks: What Just Happened to SMRs?
Nuclear power is back in favor, the price of uranium has more than tripled from its 2020 lows, and the technology’s future looks even brighter than its recent past. But there’s more. A new reactor design, the “small modular reactor” (SMR), is set to turbocharge the industry. Where traditional nuclear plants are huge, expensive, and […]
November 14, 2023 | Migrants Imploding Welfare State
People are coming to America for a better life at your expense. The excuse that migrants came here to work and contribute to our society does not match the statistics. As the NY Post recently reported, only 2% of 139,500 migrants in New York have applied for work permits, and thousands more are on […]
November 13, 2023 | Leaving a Mark
Happy Monday Morning! It’s been a busy twelve months for David Eby. The premier of BC has launched a barrage of policies aimed at remedying the provinces housing crisis, currently grappling with the worst housing affordability since the 1980’s. For those keeping score at home, here’s a quick summary: Eliminate rental restriction bylaws in all […]
November 13, 2023 | WeWork Bankruptcy Accelerates Real Estate Dominoes
As WeWork filed for bankruptcy last week, billions in commercial real estate leases, loans and property values are up for price discovery. The discussion below connects some of the dots. Danielle DiMartino booth Joins The Replay Booth. Here is a direct video link.
November 13, 2023 | Biosurveillance Coming to an Airport Near You
The US Centers for Disease Control and Prevention (CDC) has announced that it will begin screening travelers at airports for COVID and other viruses. Did you think the governments would actually let go of the power they usurped after COVID? The government turned a blind eye to the MILLIONS of illegals entering America from […]