November 2, 2024 | Trading Desk Notes for November 2, 2024

Bond yields have risen sharply since the Fed cut short rates on September 18. When the Fed cut rates in September, the 10-year yield was ~3.6%, an 18-month low. It was ~80 bps higher at 4.4% at Friday’s close. In October 2023, the yield was ~5%, a 16-year high. In this daily chart of the 10-year […]

November 2, 2024 | Trump Wins, Eliminates Federal Income Tax, Economy Booms – This is Important

Link to Interview.   This was the Tax Reform Proposal for Congress in 1996. It set the stage for the abolishment of the Income Tax, the introduction of the Consumption Tax, and the restoration of the tax system prior to Marxism. The proposal in its entirety is provided here in PDF format, Parts 1 to […]

November 2, 2024 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Oil, USD, Canadian Dollar, Euro.   Special Offer! 25% Off New Annual Subscriptions.
• Marc Faber: (10:49)  US Election, Income Tax, Tariffs, Gold.
• Allan Mark Angell: (38:57) Luxury Real Estate, Foreign Buyers, Vancouver Area Home Sales.

November 1, 2024 | The Great Mortgage Reset in Canada will Hit Hard

Canadian policy makers are worried about potential weakness in the economy due to higher interest rates. One of the biggest challenges facing Canadians is the increase in monthly payments that comes with higher rates. Although there have been four Bank of Canada rate cuts this year, mortgage rates have not come down as much as […]

November 1, 2024 | Will it be “Different This Time” for Stock Markets?

Junior Gold stocks have been great way to enjoy Gold’s rise

October 31, 2024 | Fourth Turning Election Igniting A Firestorm

“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All […]

October 31, 2024 | What has More Impact than Fed Control of Interest Rates

Will Bitcoin top $73,000 US?  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

October 31, 2024 | Are the BRICS Closer to Bringing On the “Unit”?

The global race for global Gold supremacy

October 31, 2024 | Is Nvidia Really Worth Three And A Half Trillion Dollars?

Did the Bank of Canada cut too much, too soon?

October 31, 2024 | A Trump Victory Already Priced Into Stock Market

Gold still has room to go higher

October 30, 2024 | What’s The Right Amount To Bet at a Casino?

During the financial mania of 1634 to 1637, people bid up the price of tulip bulbs. At peak craziness, a “Semper Augustus” bulb sold for the equivalent value of a $14,000,000 mansion on the Amsterdam Grand Canal today. Then the fever broke, dragging bulbs and participants’ net worth back into the dirt. Today’s financial mania […]

October 29, 2024 | Art of the Collapse, November 2024

It’s official: Deepfakes have made it impossible to trust anything we see online: This is epic! pic.twitter.com/pCbVOcHXvQ — Dr. Clown, PhD (@DrClownPhD) October 24, 2024 Meanwhile, there’s an election where both sides expect to be robbed: Dad Decides It’s Time To Have ‘The Talk’ With Son About Rigged Elections (Babylon Bee) – Local dad Dave […]

October 28, 2024 | Heading to Zero

Happy Monday Morning! As expected, Macklem and Co slashed rates by 50bps this past week, citing slower growth and a softening labour market. Further adding, “if the economy evolves broadly in line with our latest forecast, we expect to reduce the policy rate further.” Remember that line, we’ll come back to it. So the Bank […]

October 27, 2024 | Is NATO Prepared for a Trump Victory?

People believe that NATO will simply back down if Donald Trump is re-elected as he is strongly against the war in Ukraine. This is simply not the case as NATO began planning for a Trump victory months ago. Chief Jens Stoltenberg attempted to created a 100 billion euro fund that was intended to be “Trump-proof” […]

October 26, 2024 | Trading Desk Notes for October 26, 2024

US interest rates have surged higher since September 18, when the Fed cut short rates by 50 bps. US 2-year yields were near a 22-month low of ~3.63% on September 18 but closed this week at ~4.12%. In this chart of 2-year Treasury futures, the blue ellipse is September 18, and the black ellipse is October […]

October 26, 2024 | This Week in Money

• Ross Clark: Stock Markets, Gold, Silver, Oil, USD, Canadian Dollar.  Special Offer! 25% Off New Annual Subscriptions.
• Eric Hadik: (8:02) Cycle Progression Trend, Gold, Silver, Interest Rates, Cryptocurrencies.
• Mark Leibovit: (46:45) Central Banks, Interest Rates, Real Rate of Inflation, BRICS, USD. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

October 25, 2024 | A Jumbo Rate Cut and Worries About Deflation

The Bank of Canada made a jumbo rate cut, its fourth cut to the benchmark interest rate. The 50 basis points cut brought the policy rate to 3.75 percent. The justification for such a large cut is that CPI inflation has dropped below the target of 2 percent. The actual increase from a year ago […]

October 25, 2024 | Should We Be Cheering Bank Rate Cuts?

Is a commodity super cycle about to break out?

October 24, 2024 | Oversized Rate Cuts: Red Alert

Four easing cycles have seen the Bank of Canada deliver larger than 25 basis point rate cuts at a time: 2001, after the US dot-com bubble and Sept. 11 attacks; during the global financial crisis; in the COVID economic shock of 2020 (see chart on the left); and now, in 2024. See Bank of Canada’s Deeper Cut […]

October 24, 2024 | Peaking Stock Market Rally a “Time Bomb”?

US Dollar to bottom late this year or early next year?

October 23, 2024 | Switzerland is No Longer Neutral

“Neutral like Switzerland” can no longer be a saying as the Swiss government has announced it is joining the European Sky Shield Initiative (ESSI) to develop a shared missile defense system across Europe. Switzerland is neither an official member of the European Union nor a member of NATO. Yet, the nation forfeited its neutrality stance […]

October 22, 2024 | About That: Should Baby Boomers Get More Government Money?

Aged populations are ballooning government deficits in most countries. The Bloc Québécois has threatened to force a snap election if Canada’s federal government doesn’t increase Old Age Security payments for people between the ages of 65 and 74 by 10 per cent. Andrew Chang breaks down the dilemma before the Liberals and why economists say […]

October 21, 2024 | Biden Blames Trump for his $1.8 Trillion Deficit – What Propaganda

I am sick and tired of all the constant lies. The Biden Administration blames Trump for its $1.8 trillion deficit. The interest expenditures will be about $1 trillion alone. Now, if you just accept that at face value, you are part of the problem when the United States will crash and burn. This makes it […]

October 20, 2024 | Time To Overwhelm Them With Thought Crimes

“Thoughtcrime was not a thing that could be concealed for ever. You might dodge successfully for a while, even for years, but sooner or later they were bound to get you”. – Orwell’s 1984 “They do not even need evidence to condemn someone they believe is guilty”. – Orwell’s 1984 Many people have joked that […]