ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 26, 2023 | There Will be Blood
Happy Monday Morning! Perhaps one of the most fascinating stories of the year has been the resiliency in the nations housing market. Prices have bounced sharply since the depths of the 2022 bear market, surprising even the housing bulls. This is no bueno for the Bank of Canada who is desperately trying to reign in […]
June 26, 2023 | Taleb on Looming Crisis: The Risk is in Front of Us
Nassim Taleb, Universa Investments scientific advisor and author of ‘The Black Swan’, joins ‘Squawk Box’ to discuss the markets and economy, why a bubble is looming, the state of cryptocurrency, and more. Here is a direct video link.
June 25, 2023 | Migration & War = Deadly Disease Cycle
The border crisis that we have in the United States is part of the cycle of disease that our model has been projecting. In late May, Sarasota County, Florida, health officials confirmed that they had identified a case of locally transmitted malaria. Then a second confirmed case appeared on June 23 rd in Texas, discovered in […]
June 25, 2023 | We’ll Look Back Fondly on Inflation
Inflation is being crushed from the system by vastly larger forces of deflation that have been lurking for decades. Although we might have expected the trillions in funny money that were force-fed into the U.S. economy during the covid era to have a longer-lasting effect on prices, inflation never had much of a chance. With […]
June 25, 2023 | NATO’s Vision for 2030 – War, War, War
This is the opening to NATO’s vision for 2030. They recognize that with the passage of time, they are losing relevance. This is behind this entire Ukrainian expansion of war. It is also not just the Neocon’s dream of a lifetime; it is the last-ditch effort to make NATO relevant for the next two generations […]
June 25, 2023 | A Funny Kind of Recession
I’ve often thought it would be fun to convene a therapy group of weather forecasters and economic forecasters. Both face the same frustration: Everybody wants a clear, simple answer they can’t possibly give, because they don’t know. Then they get blamed for being wrong anyway. In both weather and the economy, the best we can […]
June 25, 2023 | Recessions Come with Bear Markets
David Rosenberg, founder and president of Rosenberg Research, joins BNN Bloomberg to discuss U.S. Fed chair Jerome Powell’s latest comments. He says a recession certainly will happen, and we’re at or near the end of the tightening cycle. Here is a direct video link. Caveats noted on the Japan comment: global decoupling is not a thing, […]
June 24, 2023 | Never Again Campaign
“Never Again” is a new campaign by the Global Health Project. These doctors are now admitting that they broke the Hippocratic Oath by supporting the COVID agenda. They admit that they steered the people wrong, pushed forth dangerous unstudied vaccinations, and lost the public’s trust. It is too little, too late. “Remember that […]
June 24, 2023 | Trading Desk Notes For June 24, 2023
Soaring stocks “pause” AAPL closed at new All-Time Highs this week, but many other stocks and the leading indices took a “pause.” Perhaps there was too much talk about “over-bought” or worries that corporate buybacks are going into their quarterly blackout period. Or maybe it was worries about institutional rebalancing next week or mounting “evidence” that […]
June 24, 2023 | Housing Inflation Keeping Central Banks Hawkish
Falling average hours worked is leading consumer demand lower while housing inflation is keeping central banks hawkish for longer than in past cycles. Nasty combo. Chris Harvey, Wells Fargo Securities head of equity strategy, and Frances Donald, Manulife Investment Management chief economist and strategist, join ‘The Exchange’ to discuss the case for a recession in […]
June 24, 2023 | Tech Talk for Saturday June 24th 2023
The Bottom Line Investors are expected to enter into a “holiday mood” this week prior to national holidays on July 1st in Canada and July 4th in the United States. Volume in equity markets on both sides of the border typically drops as the week progresses. Price volatility is higher than average. Broadly based North […]
June 23, 2023 | Core CPI in Japan Worst since 1981. Food Inflation Worst since 1976. But Energy Prices Plunge
The Bank of Japan has been the total outlier in its reaction to the surge of inflation: It’s still practicing QE under the guise of yield curve control, which keeps the 10-year yield below 0.5%; and it’s still pushing its short them yields below 0%. It’s clearly doing this on purpose, because these folks aren’t […]
June 23, 2023 | Which Of These Currencies Will Collapse First?
Inflation was supposed to moderate this year. But in the UK, EU, and Japan that’s not happening. Here’s the UK… … the EU… Euro rallies after ECB raises rates and inflation forecasts European policymakers now expect core inflation to average past the 5% mark, while in March projection this forecast was only at around 4.6%. […]
June 23, 2023 | The Bear Market is Still with Us
The bear market that started in early 2022 is still intact. Many pundits are making noise about a new bull market, but it is best to ignore those people. The stock market has not completed its full correction yet. What indicators confirm the bear market? A normal bear market lasts until valuations are reasonable again, […]
June 23, 2023 | Near Half of New Canadian Mortgages Have Amortizations >30 Years
Near half of all new Canadian mortgages taken out in the first quarter of 2023 had amortization lengths longer than 30 years. In addition, as interest rates have leapt since 2022, a significant number of existing variable-rate mortgage holders have paid less than the interest owing, causing principal balances, repayment years and financial risk to […]
June 22, 2023 | UN’s Plan to Rule the World – The Summit for the Future & End of Individualism
Klaus Schwab is a control freak in how he runs the World Economic Forum. Make a single mistake and you are in trouble. Schwab seeks perfection and he is taking those ideas and seeking to indoctrinate the entire world. He has his young global leaders infiltrating governments around the world as we saw in […]
June 22, 2023 | Equifax: Canadian Business Revolving Debt is “Worrying Trend”
New data from Equifax shows that in the first quarter of 2023, Canadian businesses increased their credit card balances by 15 percent and lines of credit by 11 percent while the total balance outstanding on bank-issued installment loans fell 2.4 percent. See Businesses’ changing credit usage a “worrying trend”: Equifax. Jeff Brown, head of commercial solutions […]
June 21, 2023 | Kennedy Gains Traction
The Democrats said they would not host a presidential debate, so Robert F. Kennedy is starting his own. All eyes are on Kennedy right now after appearing on Joe Rogan. Rogan was accused of spreading misinformation by having Kennedy on his show, so he offered money to anyone who could disprove what was said. […]
June 21, 2023 | Becoming Invisible, Part 5: Your Phone Is A Surveillance Machine
This started as a post on how our phones are spying on us and what we can do about it. But it turns out that the first part — how they’re spying on us — is so big and complex that it needs its own post. So the “what we can do” part will come […]
June 21, 2023 | Home Buyer Math is Bonkers for Most
Many homes for sale in our area north of Toronto are priced in the $2 million range–many have been on the market for months now. If we do some math, we can appreciate why. Online calculators allow us to model numbers. To buy a $2,000,000 home with 20% down (400k) at a mortgage rate of 4.99% […]
June 20, 2023 | What You Get When You “Play Big
Wyndham Clark won the 2023 U.S. Open Golf Championship at the Los Angeles Country Club in Los Angeles, CA on Sunday, June 18, 2023. Clark, 29, made his pro debut in 2017 and this win was his first major championship. His Mom’s Words of Advice “Play big” is what […]
June 20, 2023 | Monetary Policy Magnifying Economic Downturn Most in Decades
The latest rebound in equity prices has pulled the S&P 500 and Canada’s TSX back to levels seen two years ago in June/July 2021. In the process, bullish sentiment among professional and retail participants is back to the highest readings since November 2021, and the spike in Google searches for “bull market” (below, since 2018, […]
June 20, 2023 | Another Stunning OCC Report
The new Office of the Comptroller of the Currency quarterly OTC derivatives report for positions held as of March 31 was, once again, a stunner. First, a few words on background about the report. This report is published by the OCC, a unit of the US Treasury Department, designed to highlight the Over the Counter […]
June 20, 2023 | When Will the World Wake Up?
QUESTION: Mr. Armstrong; It makes no sense for Poland to support Ukraine when they refused to ever apologize for their slaughter of 100,000 of us in their ethnic cleansing under Bandara. The rumor is that Poland had hoped that Russia would defeat Ukraine and take the Donbas and that Poland would retake the Western part […]
June 19, 2023 | Easy Money Makes You Stupid, Europe Edition
The eurozone is like a big Rube Goldberg machine sitting on a slab of bedrock called Germany. As long as the German economy — and the European Central Bank that Germany controls — are okay, then the currency union is viable. But recently several things have happened: Interest rates have spiked across the eurozone in response to […]