February 24, 2024 | Trading Desk Notes For February 24, 2024
The most important stock in the world NVDA market cap soared >$300 Billion on Thursday (day session and aftermarket) to >$2 Trillion. This was the largest ever one-day market cap gain by an individual stock. The increase was equivalent to over TWICE the market cap of RBC, the largest stock on the TSE. The rally […]
February 24, 2024 | This Week in Money
- Ross Clark: Stock Markets, High Tech, Gold
- Danielle Park: (8:58) Interest Rates, Inflation, Real Estate, Economy
- John Rubino: (40:49) Inflation, Economy, Gold
February 23, 2024 | China Could Be The World Leader in Nuclear Power by 2030
China is growing its nuclear power generation capacity. Already the world leader in solar and wind, China threatens to take the lead in one of the most talked-about clean energy formats, nuclear power. Will China pass the U.S. and France in generating electricity from nuclear fission? China has announced aggressive targets for nuclear power generation […]
February 23, 2024 | Attention Shoppers, Gold on Sale in Aisle Five
Institutional investors shun green agenda
February 22, 2024 | Locked and Loaded
We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes […]
February 22, 2024 | Stock Market Way Too Focused on Interest Rates
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February 22, 2024 | The Latest from Miami Mines and Money Show
Mandated government decisions usually the wrong decision
February 22, 2024 | A Tale of Two Cities for Canadian Energy
Slowing EV sales give new hope to fossil fuel investment
February 21, 2024 | Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High
The average conforming 30-year fixed mortgage rate rose to 7.0% in the latest week, according to the Mortgage Bankers Association today. The daily measure by Mortgage News Daily has been over 7% for days. These are the highest rates since mid-December, when they were on their way down. Mortgage rates had been flirting with 8% […]
February 21, 2024 | Inflation Dropped in Canada – So Why is the Cost of Living Unaffordable?
Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food? Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during the same period. Bank of Canada governor […]
February 20, 2024 | The Ruse of Bitcoin & Crypto
BlackRock CEO & World Economic Forum Trustee Board Member Larry Fink Turns Bullish on Bitcoin Larry Fink has changed his tune on crypto, saying suddenly it could “revolutionize finance,” endorsing an industry he once viewed with skepticism. Of course, as a board member of Scwab’s WEF, the crypto zealots cheered. Still, they think that Bitcoin […]
February 19, 2024 | No Reply
There has been no reply from the CFTC for 13 weeks to a question I posed through my congressman’s office about double-counting of silver inventories. However, two days ago my congressman’s office told me that the agency intends to respond although the office couldn’t say when. As a result, I still expect a response, although […]
February 18, 2024 | The Coming Crash of Bigness
[Globalism has peaked, says my colleague James Howard Kunstler, and with it a trend toward corporate bigness that has all but extinguished quality and vitality from the marketplace. Bloated corporatism is about to come crashing down, he says, in a process of creative destruction that will allow us to rescale the economy so that it better […]
February 17, 2024 | The Fallout from The Extreme Left’s Judge Engoron Destroying NY City
Justice Arthur F. Engoron represents the vile, disgusting degree of the completely out-of-control judicial system in New York City. It has been people like him throughout history that spark revolutions. I have warned that New York is the most unconstitutional judicial system on the face of the earth, and it really should be shut […]
February 17, 2024 | Trading Desk Notes For February 17, 2024
Leading US stock indices lose upside momentum The DJIA, S&P and the NAZ made new All-Time Highs this week but closed lower on the weekly charts. NDVA continued to rally this week, up 53% YTD, up 224% in the last 12 months, and now has the 3rd largest market cap (after MSFT and AAPL) of all US […]
February 17, 2024 | This Week in Money
- Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar. Special Offer!
- Victor Adair: (12:51) Stock Markets, Currencies, Energy
- Robert Campbell: (45:03) Real Estate
February 16, 2024 | Commercial Real Estate Slump in U.S. Could Trigger a Crisis
Commercial real estate is a major asset class for businesses, institutional investors, and banks. For decades, most lenders were eager to accept commercial real estate as collateral for loans. Also pension plans and insurance companies regarded properties like office towers as safe, long-term investments. But doubts are appearing over the quality of those holdings with […]
February 16, 2024 | Bad Loans Mount in ‘Greatest Real Estate Crisis Since The Financial Crisis’
The credit cycle is alive and well. But credit cycles typically move with multi-quarter time lags, and that’s longer than the attention span of most. Moreover, massive government subsidies slowed the monetary impacts more than average this time. Nevertheless, twenty-three months since this epic tightening cycle began, wheels are coming off all around for those […]
February 16, 2024 | Are Toppy Markets Heading for a 1929 Like Crash?
Is a huge drop in US consumer spending a concern?
February 15, 2024 | Soros Now Controls the Radio
George Soros has acquired a 40% stake in Audacy, America’s second-largest radio network that broadcasts over 220 stations across the country. The man who openly meddles in global politics on behalf of the global elite pounced on the opportunity to purchase a large portion of the agency when it fell into bankruptcy, shelling out […]
February 15, 2024 | Defusing the Derivatives Time Bomb: Some Proposed Solutions
This is a sequel to a Jan. 15 article titled “Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?”, discussing the threat of a 2024 “black swan” event that could pop the derivatives bubble. That bubble is now over ten times the GDP of the world and is so interconnected and fragile that […]
February 15, 2024 | Putin, Trump Won, Cancer Vaccine
20% Unemployment, Bond Market Crisis.
February 15, 2024 | Russell 2000 Creeping Higher
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February 15, 2024 | Canada’s Pension Funds are Hurting Its Economy
The average Canadian is already in recession
February 15, 2024 | What Would It Take To Make Canadian Homes Affordable?
Toronto Lawyers Getting Rich from Shoddy High-Rises