ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 12, 2023 | What Could Go Wrong?
Exploring federal budget data is a journey through endless rabbit holes, some of which are eerily close to Alice in Wonderland insanity. Countless variables interact in unexpected ways. Seemingly small changes can cascade into billions of dollars within a few years. Exploring federal budget data is a journey through endless rabbit holes, some of which are eerily […]
November 12, 2023 | Revved-Up Microsoft Is the Engine that Could
U.S. shares continued to climb a wall of well-justified worry last week, propelled with sufficient vigor to suggest new all-time highs are likely. Notice how Microsoft’s push into record territory on Friday occurred after the stock had spent nearly six months consolidating at the red line. This is a ‘midpoint Hidden Pivot’, according to our […]
November 12, 2023 | Rich Man’s War, Poor Man’s Blood
“War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.” – General Smedley Butler I don’t need your […]
November 12, 2023 | Canadians are Drowning in Debt
Canadians are drowning in debt — of all three types. The total amount owed in government, household and corporate debt has soared since 2010. Of particular concern today is the rapid increase in federal government debt since 2020. Can Canada escape this debt trap? We know that Canada has had a growing household debt […]
November 11, 2023 | Trading Desk Notes For November 11, 2023
Surging Megacap Tech shares power the Nasdaq 100 to the highest weekly close since July Three weeks ago, the NAZ closed at a 6-month low as long-term interest rates hit 16-year highs, but a reversal lower in interest rates last week ignited a buying frenzy across the stock market, with the NAZ closing this week ~10% above […]
November 11, 2023 | The Ben Gurion Canal Project – Declassified Documents Reveal Truth
The US and Israel have been discussing plans to build a canal to rival the Suez Canal for over 50 years. We must look at recent history to see the motives for the war occurring today. Around 20% of all world trade moves through the Suez Canal, which is controlled by Egypt. The Suez […]
November 11, 2023 | Self-Inflicted Recession in Motion
This segment includes an articulate explanation of the yield curve inversion and its implications. I would add: it’s not just ‘normalizing’ interest rates that has sparked cardiac arrest through the economy, it’s the years of excessive credit creation that preceded it. Now we have the take back phase. Campbell Harvey, Duke University professor of finance, […]
November 11, 2023 | Tech Talk for Saturday November 11th 2023
The Bottom Line The year-end rally by North American equity indices continued last week. Historically, the best period to own U.S. and Canadian equity indices is from the last week in October to the first week in January.
November 10, 2023 | For Sale Inventory on the Rise
The four Ds drive real estate listings: death, divorce, default, and discretionary. The first three tend to trigger regardless of market conditions. ‘Discretionary’ and default listings tend to rise with interest rates– both are escalating now. Ted Oakley discusses real estate with property market expert Ivy Zelman. Here is a direct video link. For those who […]
November 10, 2023 | Judge Arthur Engoron May Have Doomed New York City
QUESTION: You have not commented on Trump’s NY case. What do you think of this case? EK ANSWER: It is a typical New York rigged trial. NOBODY ever gets a fair trial in New York. It is a cesspool of legal corruption. Judge Arthur Engoron is a national disgrace. When Trump’s lawyer Habba stood up to […]
November 9, 2023 | Money Versus Metal
In every investment asset, a key factor in determining the price is the amount of investment buying, either potentially or already existing versus the amount of the asset itself that exists to be invested in. Expressed differently, price is determined by total market capitalization (the total current amount of what the asset is worth), plus […]
November 9, 2023 | Lube That Greases World Economy Reflects Global Downturn
US lubricant consumption has fallen to the lowest level in at least 42 years, according to Bloomberg Opinion calculations based on data from the Energy Information Administration and reflects a cyclical slowdown globally. See The Lube that Greases the World Economy Says Beware 2024: Wherever one looks, from Europe to the US to China to India, […]
November 9, 2023 | The Migrant Crisis – You Ain’ Seen Nuffin Yet!
We have a monumental crisis with the migrants, for we already know that Middle East terrorists have already entered thanks to Biden’s look-the-other-way policy. The proposal Republicans are pushing is that migrants would also be ineligible for asylum if they have been convicted of felonies or other “serious crimes,” including DUI or certain drug offenses. […]
November 8, 2023 | Are There Too Many People Or Too Few?
With financial collapse and global war inching closer every day, you’d have to be an anxiety junkie to worry about distant things like demographic trends. Still, the population debate is interesting, with economists, statisticians, and techies disagreeing over whether the world of 2100 will have too many people, too few, or just the right number. […]
November 8, 2023 | “Serious slowdown” as Global Liquidity Contracts
This discussion offers insight into the origins of QE and what follows as fund flows reverse (QT). Richard Werner, Professor of Banking and Economics at the University of Oxford, regarded as the “Father of Quantitative Easing”, discusses the future of monetary policy. Here is a direct video link. Of course, it is not just quantitative tapering […]
November 7, 2023 | Central Bank & The Taking of Assets?
I will be covering this in detail at the WEC in a couple of weeks. We are getting the same Conspiracy Theories regurgitated and twisted around. People are asking what is real and what is not. Suffice it to say, when you buy shares and leave them at the brokerage house, they remain in THEIR […]
November 7, 2023 | Dash for Cash Intensifying
More than a decade of near-zero interest rates spawned a generation of bonkers financial decisions. Now, we are in the reveal and clean-up phase. Unlike fixed-term mortgages, other forms of credit quickly change with overnight policy rates set by central banks. As shown below, since 1960, courtesy of the Daily Shot, non-mortgage interest payments now […]
November 7, 2023 | Mortgage & HELOC Balances, Delinquencies, Foreclosures: How Are our Drunken Sailors Holding Up?
Mortgage balances outstanding ticked up 1.0% in Q3 from Q2, to a new record of $12.1 trillion, after having dipped in Q2, according to data from the New York Fed’s Household Debt and Credit Report. This increase is less than half the pace than the big jumps during the era of the 3% mortgages, when […]
November 7, 2023 | Mark Nestmann: The War On Cash, Past And Future
The Nestmann Group just posted a useful primer on the historical roots and likely future of the war on cash. Governments have been at this for a long, long time. Next up: CBDCs. The War On Cash Escalates Economists and governments have long had a very low opinion of the cash you carry in your wallet or […]
November 6, 2023 | Weak Hands
Happy Monday Morning! Let’s address the elephant in the room. I sent out this tweet last week and it went viral. I can’t comment on who it is, for obvious reasons, so please stop asking. Although it really shouldn’t come as a surprise that a developer with a large construction pipeline is suddenly feeling the […]
November 6, 2023 | Canada App Bans and Online News Act
A Chinese-owned app called WeChat, made for instant messaging, social media, and mobile payments, has been banned from Canada effective immediately as of Monday, October 30, 2023. The application was said to be removed from all government-issued devices and has been blocked for future downloads by anyone. While they did do a sweep through the app to […]
November 6, 2023 | The Coming Great Crash?
I fully understand that there are now so many calling for a Great Crash of all time as they have during each correction, big and small, for over 30 years, and they just never get it right, even once. Some tout the rise in interest rates. Others look at this chart and nothing else. If […]
November 6, 2023 | This Is What Inflation Does To Our Kids
Mainstream economics portrays inflation — defined as a currency that loses a bit of purchasing power each year — as necessary to lubricate the gears of commerce. What they don’t seem to understand (or would like the rest of us to not understand) is that inflation is also a tool for redistributing wealth from one […]
November 6, 2023 | Fed on Hold as Economy Weakens
Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, joins Bloomberg Radio to discuss the FOMC decision. Here is a direct video link.
November 6, 2023 | Tightening Further
Last week’s new short position report indicated a moderate increase in the short position on SLV, the big silver ETF, of 2.4 million shares to just under 19.8 million shares (18 million ounces). This increase came at a time of rising prices (as did a similar rise in the shorted shares in GLD, the big […]