ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 6, 2023 | US Housing Prices Push Higher
Fannie Mae admitted their forecast of declining home prices was incorrect. They initially projected that housing would fall by 1.2% in 2023, followed by 2.2% in 2024. Housing prices remain strong because this in an inventory crisis. There are 47% less available single-family houses on the market compared to the start of the COVID […]
July 6, 2023 | Silver Analyst Ted Butler Wrote This For Our Broker Staff
We appear to be at a particularly unique point in silver. Never have I witnessed a time when there have been more bullish articles and commentary than there is now. Never has there been greater awareness of the actual demand in silver being stronger than the actual supply. You can’t find a bearish article. Yet […]
July 6, 2023 | Insolvency Bull Market
Insolvency trustees are the financial undertakers. They endured a bear market when easy credit enabled extend and pretend habits for the masses. Now the undertakers are entering a boom time as their phones “ring off the hook.” Hoyes, Michalos published Canadian stats through the end of May and included this chart. Other trustee firms are also feeling […]
July 5, 2023 | BRICS to Replace the Dollar?
The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, “There […]
July 5, 2023 | Protracted Hangover For Real Estate Investors and Lenders
The seemingly endless party of growth in real estate supported by ever-cheaper finance has reached an end, with a protracted hangover now ahead. This has broad implications for the many sectors that feed off real estate and is why realty-led recessions have historically been the harshest. See, Industries that rely on thriving downtowns suffer, and Office turmoil […]
July 4, 2023 | Russia Accuses US of Preparing for Biowarfare via Mosquitos
This story seemed far-fetched when first public, but now we know the extent of Bill Gates’ plan to modify mosquitos. We have seen a resurgence of once dormant viruses at the precise time that Gates’ allowed Oxitec to release diseased mosquitoes into the environment. Russia has repeatedly said it has information that the US is […]
July 3, 2023 | The WTC7 Controlled Demolition?
July 3, 2023 | The Clock is Ticking
Happy Monday Morning! Headline inflation dropped like a stone in the month of May, now down to 3.4%. Mortgage interest costs surged 30% and remains the largest contributor to the year-over-year CPI increase. Strip out self inflicted mortgage interest cost, and CPI sits at 2.5% in May, back within the Bank of Canada’s control range […]
July 2, 2023 | Burning Books in a Brave New 1984 World
“Those who don’t build must burn.” ― Ray Bradbury, Fahrenheit 451 “One believes things because one has been conditioned to believe them.” ― Aldous Huxley, Brave New World “Being in a minority, even in a minority of one, did not make you mad. There was truth and there was untruth, and if you clung to the truth even against […]
July 2, 2023 | Endless Intervention
National leaders are (or should be) reluctant to enter wars because, once begun, they are often hard to end. You could be bogged down for years, vainly trying plan after plan as the damage accumulates. Monetary policy works the same way. Central bankers think they can handle a situation and fire the artillery. It always […]
July 2, 2023 | What to Expect After an Endless ‘Fourth’
This promises to be the longest holiday ever celebrated in the U.S., eclipsing even the eight-day festival holidays that frequently pop up on the Jewish calendar. By the time you read this, the Independence Day celebration will be in its unofficial fourth day, having begun in spirit with a pronounced slowdown in the stock market […]
July 2, 2023 | Worst is Yet To Come For Stocks
Some lucid assessments in this segment. When the road ahead is uncertain, there’s no wiser choice than to listen to those with experience – who have seen enough market cycles to judge what’s most likely to happen next. Today we’re fortunate to welcome financial advisor Ted Oakley, managing partner & founder of Oxbow Advisors. Ted […]
July 1, 2023 | Trading Desk Notes For July 1, 2023
An Apple a day keeps the bear away AAPL surged to new All-Time Highs on Friday, up ~56% from its January lows. The market cap is now ~$3.05 Trillion. MSFT hit ATH two weeks ago and closed Friday down ~3% from those highs. The MSFT market cap is now ~$2.5 Trillion. Taken together, the market cap […]
July 1, 2023 | Tech Talk for Saturday July 1st 2023
The Bottom Line Calm before the storm! Expected corporate news from major U.S. and Canadian companies this week is exceptionally quiet. Many corporations have entered their “quiet time” approximately 10 days prior to release of quarterly results. Volumes on North American equity markets typically are well below average this week. Bid/Ask spreads widen. Traders are […]
June 30, 2023 | The Left is Moving to Rig All Elections Everywhere
The LEFT is now totally out of control. Fearing that they may lose against Trump and that their BS charges are so obviously political, they are now looking to charge Trump with inside trading to make him a normal type of criminal, even though this is still all politically motivated. In London, they have closed […]
June 30, 2023 | A Failed Coup in Russia But There is More To Come
The head of the Wagner Group, Yevgeny Prigozhin, staged a coup or mutiny, making accusations about Russian army leadership and the conduct of the war and threatening to bring 25,000 of his mercenaries to Moscow. But he backed down and is now in exile in Belarus. Is the coup a sign of more upheaval to […]
June 30, 2023 | Sober Time
After debauchery comes the hangover; this one is far-reaching. Demand for pricey timepieces from the top Swiss brands has cooled amid slowing economies, higher interest rates and the crash in cryptocurrencies, according to data compiled by London-based Subdial, a dealer in pre-owned watches. Prices peaked in February of last year following an unprecedented surge during […]
June 29, 2023 | Until Something Breaks…
There’s a sense among some investors — or at least among some commenters on finance-oriented podcasts — that the current equities bull market will never end because [fill in your preferred variation on “the Powers That Be won’t let it end”]. This kind of frustration is understandable. A thing that shouldn’t happen has been happening […]
June 29, 2023 | Repurposing and Repricing Real Estate
Between 2010 and 2022, increasingly slack monetary conditions added trillions to the global money supply, and it was all looking for something to do. Some flowed into ideas and efforts to improve life on Earth. A lot more was thrown at unproductive, counter-productive and mathematically challenged pursuits. Private and public investment funds ballooned on the […]
June 29, 2023 | Atrazine – “Turning the Frogs Gay?
Another conspiracy theory debunked. Alex Jones warned us long ago the government “was making the frogs gay,” and he was correct, but his delivery did not go over well. Robert F. Kennedy brought up atrazine while on the Joe Rogan podcast and explained the very serious matter. Atrazine is a legal herbicide used to kill […]
June 28, 2023 | Leaping Short-Term Rental Supply
A survey from rental site Vacasa showed that 90% of summer travelers this year changed their plans for travel to be more budget-friendly, including choosing driving over flying or choosing a cheaper day to travel. At the same time, active US short-term rental listings reached 1.4 million in April 2023, an 18% jump compared to the […]
June 27, 2023 | Strategic Relocation — Why, Where, And How
A lot of people are moving these days, for a lot of reasons. But one of the biggest reasons is fear. Some badly-run cities and states are accumulating debt at a rate that guarantees massive future tax increases and cuts in essential services. Others have normalized crime to the point that city centers resemble a zombie apocalypse. […]
June 27, 2023 | The Most Splendid Housing Bubbles in America, June Update: 2nd Overall YoY Price Drop since 2012. Biggest in Seattle, San Francisco, Las Vegas, Phoenix, San Diego, Portland, Dallas…
It’s still spring selling season, when sales volume and prices nearly always rise on a month-to-month basis, and they did this spring too, but not enough, and compared to a year ago, the 20 cities in the S&P CoreLogic Case-Shiller Home Price Index, released today, fell by 1.7%, the biggest year-over-year decline since 2012, following […]
June 27, 2023 | Credit Contagion Drives Distressed Selling in Real Estate
Thirteen years of record-low interest rates drove record public and private capital into all forms of real estate and related credit/securities from 2010-2022. Now, sharply higher interest rates and contracting credit on offer are bursting the bubble as forced sales rise. One broker estimates that 90 percent of office buildings in New York were distressed […]
June 27, 2023 | The Neocons & Endless Wars & Endless Corruption
I reported that the Pentagon admits that “due to accounting errors,” they LOST $6.2 BILLION! This is nothing new. The Pentagon has NEVER passed even one audit. Money simply vanishes and is often used by the Neocons to undermine geopolitics to further their own agenda. Then there is the sheer price gouging that is mindblowing. There is […]