ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
September 15, 2023 | A Minsky Moment For Canada Has Arrived
Canada’s Minsky Moment has arrived, as the demand for new credit slows and a substantial portion of household mortgage borrowers are not paying the interest on their debt, much less repaying the principal. Hyman Minsky was an American economist who focused on the business cycle and debt. Since mainstream economics ignores debt, banking and financial […]
September 15, 2023 | The Most Splendid Housing Bubbles in Canada: Price Drops Spread amid Slowing Sales, Rising Supply, Bank of Canada Tightening
The Canada Home Price Benchmark Index for single family houses fell by 1.1% in August from July, after having already fallen by 0.5% in July, to $825,700 (all prices in Canadian dollars), ending a rambunctious spring selling season that had been further fueled by Bank of Canada rate-cut hopes, which then turned into two additional […]
September 14, 2023 | Oil Hits $90!
Crude oil just hit $90/barrel – a new high for 2023 Oil prices are now up a massive 35% in just 3 months. Inflation always starts with energy.
September 14, 2023 | Rule of Law & Prosecutors Are ALWAYS Above the Law
Anyone who thinks prosecutors are to be trusted is out of your mind. I have NEVER met one that had an ounce of honesty or ethics. It is extremely rare for any court actually to go after a prosecutor. Perhaps one in a billion. They are on the same team to uphold their 99% conviction […]
September 14, 2023 | Wall Street’s Soft-Landing Delusion and What Really Comes Next!
For those who like detail, Francois Trahan of Trahan Research offers a cogent macro assessment in his latest video update (1-hour run time): “Wall Street’s Soft-landing Delusion and What Really Comes Next!” You can watch it at this direct video link.
September 14, 2023 | G20 & the One World Government Dream
The movement toward a One World Totalitarian State is proceeding. India is the Chair of the G20. This is the proud symbol of the G20 in Lucknow, (Uttar Pradesh) India. The leaders of the G20 over the weekend reached an agreement to impose by sheer force digital currencies and digital IDs on their respective populations. […]
September 13, 2023 | More and More Hard Data
Debt payments consume an impossible amount of household income, and the problem is global. Across ten large Canadian cities, mortgage payments alone are eating up about 59% of household earnings, based on mortgages amortized over 25 years. This is with 70% of Canadian mortgages still paying fixed payments based on rates less than 3%. With […]
September 13, 2023 | What is Biden Doing in Alaska?
For the first time in US history, the president did not visit a 9/11 memorial on the day of the worst terrorist attack on US soil. Instead, the president traveled to Alaska to commit his own attack against the American people. Peter Doocy said that he received a response similar to “Well, presidents stopped visiting […]
September 12, 2023 | The Northern Border Has Been Breached
The focus has been on the mass influx of illegals from the open southern border. However, migrants have also found their way into the US by crossing the northern border from Canada. The US Border Patrol declared that more migrants have entered the US via Canada in the past 11 months than in the entire […]
September 12, 2023 | Central Banks Offer No Free Lunch
The San Fransisco Federal Reserve published its latest economic letter last week, entitled Does Monetary Policy Have Long-Run Effects? The conclusions are clear: loose monetary policy does not raise long-run economic potential while the eventual tightening of policy reduces economic output for a decade and beyond. We have entered the payback decade: Analyzing cross-country data for […]
September 11, 2023 | Austria Offers Free Transportation for Tattoos
Notice how all of the voluntary actions connected to the Great Reset include preying upon the young or desperate. These will be the first people to move into 15-minute cities and abide by tyrannical laws in exchange for government aid. They handed out free crypto in Africa in exchange for biometric data, for example. In […]
September 11, 2023 | It Tastes Awful, and it Works
Happy Monday Morning! The Bank of Canada moved to the sidelines once again, appeasing premiers in BC & Ontario who publicly pleaded with the BoC last week. It’s no secret these two provinces have the most to lose, their coffers largely built on a highly levered housing market, but we’ll get to that in a […]
September 11, 2023 | Wind Power, Dead Whales, and the Shrinking Trust Horizon
Michael Shellenberger’s Public News outlet has been covering a story that provides yet another reason for us to stop trusting “our institutions”. It begins with the concept of offshore wind power, which once seemed to have a lot going for it. Anchoring huge turbines to the ocean floor allowed them to exploit the steady sea breeze […]
September 11, 2023 | Rents and Home Prices Heading Down
Good news: Big Wall Street Investors like Blackrock, Blackstone, Invitation Homes, and Progress Residential are no longer buying up the housing market. As the rental supply balloons, rents are starting to fall. The next leg of housing downturns typically see for-sale listings surge and prices fall. Nick Gerli explains well in his latest video segment. […]
September 10, 2023 | Why is Bill Gates Buying Anheuser-Buch Shares?
Bud Light, America’s former #1 selling beer, has fallen after the company went woke. So why then would billionaire Bill Gates purchase 1.7 million shares worth around $95 million in parent company Anheuser-Busch? Through the Bill & Melinda Gates Foundation Trust, the fake philanthropist is purchasing numerous shares of alcoholic beverages. He also bought a […]
September 10, 2023 | Mortgage-Rate Buydowns by Homebuilders Are Now All the Rage to Prop Up Sales, Lowering Effective House Prices in a Big Way, but Don’t Get Picked Up by House Price Data
Homebuilders don’t have the luxury of outwaiting the market, or waiting for the Fed to slash rates, or whatever, they must build and sell homes, that’s their business, no matter what the conditions in the market. And the market is struggling with 7%-plus 30-year fixed mortgage rates and sky-high prices, after a ridiculous free-money spike […]
September 10, 2023 | Becoming Invisible, Part 9: Burner Phones
So let’s say the idiots running the US (or Canada, the UK, or Australia) have finally forced you to join a protest movement. But you saw what happened to the truckers and their contributors in Canada, and you’re aware of the widening surveillance net spreading over the US. So you’d prefer not to end up on some […]
September 10, 2023 | Who Will Buy Baby Boomers’ McMansions?
Can the Wall Street Journal‘s headline writers save America’s juiced-up economy from going bust? They are certainly trying. Check out their lede in Friday’s editions: The Fall in Home Prices May Already Be Over. Fancy that! With mortgage rates headed toward 8%, many readers must have done a double-take when they read this seeming howler. Your editor […]
September 10, 2023 | Cycle Review
Greetings from Europe. I promised to write a letter describing my personal investment portfolio. I still plan to, but it won’t be this week. Shane and I are having a wonderful trip—a much-needed break for both of us. I will leave you with a suggestion, though. My ongoing series about cycles contains some of the […]
September 9, 2023 | Trading Desk Notes For September 9, 2023
King Dollar: higher for eight consecutive weeks The US Dollar Index touched a 15-month low in mid-July (a Key Turn Date across several markets) and has rallied for eight consecutive weeks. The Euro reached a 17-month high in mid-July, then fell for eight consecutive weeks. The Yen had a counter-trend rally into mid-July but then made lower lows […]
September 9, 2023 | Britain To Imprison People For Not Complying with Net Zero
It is time we understand that the climate change agenda and COVID have been adopted for a single reason. The governments can no longer kick the can down the road regarding debt. The current monetary system is unsustainable. As a result, they will default on their national debts, which will wipe out pensions. These […]
September 9, 2023 | Tech Talk for Saturday September 9th 2023
The Bottom Line Lots of “noise” bothering North American equity markets this week! Possible autoworker strikes in Canada and U.S. starting September 14th. Bargaining positions between the union and companies remain wide. Possible shut down of the U.S. government by Congress if unable to reach a deficit limit agreement before the end of September. The […]
September 8, 2023 | Could Pfizer Collapse to $6-7.00 a share?
COMMENT: When will the people stay a boycott of Pfsir as they did with Bud Light? HB ANSWER: The court in South Africa ordered the government to release the contract with Pfizer that they were preventing the public from having access. Quite honestly, ANY politicians who voted for the vaccines by Pfizer should be voted out […]
September 8, 2023 | The Bank of Canada Pauses But Rate Cuts Are Not Coming Soon
The Bank of Canada goes on hold, with no rate hike this week. But those expecting significant interest rate cuts any time soon will be disappointed. The end of the multi-decade period of declining rates passed without much fanfare. But rates in Canada are now as high as they were 23 years ago. This happened […]
September 8, 2023 | Pause Before The Storm
As Greg Ip notes in the Wall Street Journal today: “Every recession starts out looking like a soft landing. August’s moderate increase in unemployment was welcome. The risk is that plenty more are in store, which won’t be cause for celebration.“ In reality, recessions are the norm following monetary tightening cycles, and unemployment rises through contractions […]