ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 11, 2023 | Storm Cycles
In economics we often talk about cycles. “Business cycle theory” is an entire academic sub-field whose basic idea is that economic history really does repeat itself. Not in every detail, of course, but as a recurring sequence of expansions and recessions. More broadly, some historians think human civilization goes through cycles. Often, they base this […]
June 10, 2023 | Hypocrisy of our Time
COMMENT: Mr. Armstrong, Your economic confidence model is too good for the corrupt Noble Prize. I have been following you since 1983. Your research into the shift in confidence between the people and government is so in your face today, I can see why you said the dollar may not last beyond 2029. It is […]
June 10, 2023 | Becoming Invisible: How To Choose And Use A VPN
It’s creepy but true: Most of what we do online is observed by an ecosystem of predators ranging from marketers to hackers to foreign and domestic governments, many of which are out to trick, coerce, or rob us. There’s no one silver bullet to blind and/or repel them all. But there are tools that address specific threats […]
June 10, 2023 | Trading Desk Notes For June 10, 2023
The S&P and the Vanguard Total Stock Market ETF (the VTI) made new highs for the year this week The S&P is up >22% from last October’s low. The VTI is up ~23%. The Nasdaq 100 is up ~40% from October’s lows. The rally in the benchmark indices continues to be driven by big gains in […]
June 10, 2023 | Tech Talk for Saturday June 10th 2023
The Bottom Line: Watching for responses to bad news! Investors are confronted with a series of bad news events this week: News from the FOMC meeting on Wednesday. Members of the Committee hinted that they will “stand pat” with the current Fed Fund Rate at 5.00%-5.25% in anticipation of more “data points” (including the May […]
June 10, 2023 | Technology Enabling Brighter Future
With Canada battling horrible forest fires, there is good news: we have solutions to stop compounding the harm. Along with sending well wishes and support to those directly impacted, individuals are each called to evolve and help lead the change. Keeping ourselves apprised of rapidly advancing technology is a first step. The clips below help. […]
June 9, 2023 | Mission Accomplished?
A set of readily-verifiable facts have combined to point to a stunning conclusion, namely, that thanks largely to enough people doing the right thing, that the federal commodities regulator, the Commodity Futures Trading Commission, may have also finally done the right thing when it comes to the decades-old COMEX silver price manipulation. If my assessment […]
June 9, 2023 | The Bank of Canada Turns Hawkish Again
The Bank of Canada delivered a surprise rate hike to 4.75 percent on Wednesday, reversing an April 2023 decision that paused the interest rate hiking cycle. As a result, mortgage rates, prime lending loans and almost everything else in the debt business will get more expensive. At what point will the BOC stop its rate […]
June 9, 2023 | Recession Is The Policy Goal and It Will Be Achieved
A deflationary recession is the goal of central bank policies today. They’re determined to get there, and they will succeed. Make no mistake. Eric’s update is worthwhile. Eyes on the prize. (You can fast-forward through the channel’s crypto commercials). On today’s episode of On The Margin, Eric Basmajian Founder of EPB Research joins the show […]
June 9, 2023 | What If Canada do to Quebec What Zelensky is Doing to Donbas?
COMMENT: Imagine Canadians bombing Quebec and outlawing the French language and French-speaking people. My guess is Quebec will eventually use this opportunity to separate from Canada! The propaganda is so thick!! Thanks from the Great White North for being a voice of Reason and Truth!! Jim M REPLY: Both of my Ukrainian employees have fled […]
June 8, 2023 | Canadian Wildfires – Climate Lockdowns Begin
There is something strange in the air. Are we to believe that what is occurring is simply the result of wildfires in Canada all occurring simultaneously? Official reports claim that droughts caused the conditions for the fires. Quebec said that the fires were ignited by lightning, Alberta admitted the cause of their fires is still […]
June 8, 2023 | Bank of Canada Strikes Again
Yesterday, concerned about lagging inflation readings and renewed froth in Canadian housing markets, the Bank of Canada came off its pause since January and announced yet another 25 bps hike. Now at 4.75%, the dramatic 450bps of rate increases since March 2022 are shown below from the BOC website, all in addition to quantitative tightening (liquidity withdrawal […]
June 7, 2023 | The Bank of Canada Un-Pauses, Hikes 25 Basis Points, Second Central Bank to Un-Pause on Resurging Inflation Fears
The Bank of Canada un-paused today, after having “paused” following the January hike. The pause had been widely ballyhooed as the end of the rate hikes and a pivot toward rate cuts. Those hopes have now been bitterly disappointed. Everyone is figuring out that this inflation isn’t just fading away on its own. Today it […]
June 7, 2023 | Gold & the Future
QUESTION: Mr. Armstrong, first I want to thank you for your independent analysis. In gold, all they ever say is buy – buy – buy. It seems if you ever say anything else, they ridicule you. Gold to them is a religion, not an investment. My question is that you have always said that the fourth […]
June 7, 2023 | Recession Start Date and Stock Markets
Recession Guessing Game — DiMartino Booth and Charles Payne of FBN Answer Questions. Here is a direct video link. The five most expensive tech companies now comprise 25.7% of the S&P 500 (a record since the infamous Nifty Fifty stocks in 1972). Rebounding 33% year-to-date, the tech-centric Nasdaq 100 (30.51% weighted in information technology companies and […]
June 6, 2023 | Art Of The Collapse, June 2023
Let’s start with the ongoing debate over who owns public spaces. In New York’s subways, is it mental patients or commuters (with their “sometimes delicious faces”)? In Australia, is it government bureaucrats or so-called “peaceful protesters”? On a less contentious note, Oxi-Clean has released a new ‘Clinton-Strength’ Formula guaranteed to get blood out of carpet: In […]
June 6, 2023 | Against the Rules: Crypto Skeptic Proven Right
Always a relief to hear an admission that Emperors are naked… If you spend any time reporting on the world of crypto currency and Bitcoin, then you’re going to run across the name Molly White. She’s a software engineer who has been called “the cryptocurrency world’s biggest critic.” Michael Lewis gets her on the line […]
June 6, 2023 | US Voters Want Economic Growth over Equality
Inflation has hurt everyone. It is no surprise that a recent poll by Rasmussen Reports indicates that US voters are now prioritizing economic growth of equality. The latest survey found that 64% of voters favor policies that contribute to economic growth, while only 27% said they prioritized economic fairness. In 2019, before the last election, […]
June 5, 2023 | Real Estate, Blackrock & Dodd-Frank
QUESTION: Mr. Armstrong, I have a question about Blackrock buying up all these homes. It seems that the Dodd-Frank bill empowered Blackrock to buy up all of these homes and rent them out. Was this all rigged for their benefit? Thank you for being a rare light of truth in these dark times. ED ANSWER: Dodd-Frank Title XIV […]
June 5, 2023 | ECRI: Market “O-Shit” Moment Yet To Come
BLS estimates (notoriously revised after the fact) boosted the May US job report more than anticipated last week. Under the hood, the actual average work week contracted to 34.3 hours and is back to January 2020 levels. If this contraction is factored into the numbers, Friday’s payroll number was negative 140,000 jobs, not the […]
June 5, 2023 | Sacrificial Lambs
Happy Monday Morning! The Canadian economy grew at an annualized pace of 3.1% in the first quarter, surprising to the upside and trumping the Bank of Canada’s growth forecasts. Four hundred basis points and the economy still hasn’t rolled over. This is prompting calls for the Bank of Canada to move off the sidelines […]
June 5, 2023 | $50 and Beyond
The explanation for why gold and silver prices fell recently is deliberate and collusive paper futures contract positioning on the COMEX. While this is certainly nothing new for subscribers, it is still mostly outside the comprehension of a wide swath of precious metals observers and commentators (and regulators). To be sure, the paper positioning of […]
June 4, 2023 | The Great Awakening
Full Documentary:
June 4, 2023 | $AAPL – Apple Computer (Last:180.95)
The post-covid bull market begun in the final quarter of 2020 is running out of room, at least on the daily chart. The 184,86 target shown, a Hidden Pivot resistance, is not the highest that can be projected, but it still looks capable of restraining the charge, if only for a short while. Sliding ‘A’ down […]
June 4, 2023 | A Much-Needed Crisis
“Crisis” is an overused word. Actual crises are those rare times when we are on the knife edge of disaster. It’s not a crisis when a bank fails, or Congress can’t agree on a budget. Those are annoyances (unless it’s your bank). While not good, they don’t spell immediate catastrophe. I’ve long been predicting a […]