September 23, 2022 | The Bank of England All but Admits Recession

The Bank of England (BoE) all but admitted the UK is officially in a recession. Bank Governor Andrew Bailey stated weeks ago that there was nothing the central bank could do to prevent a recession at this stage. The Monetary Policy Committee (MPC) voted to raise rates by half a percentage point to 2.25%, marking […]

September 23, 2022 | The Fed Talks Tough as the Inflation Fighter

The Federal Reserve jumped its policy interest rate to 3 percent this week, from 2.25 percent. The Fed reiterated its commitment to getting inflation back to the target level of 2 percent, from its current pace of around 8 percent. The Fed is talking tough. Can the Fed walk the walk or is it just […]

September 23, 2022 | ‘Snow-Washing’ in Canada, Money Laundering All Star

I have long thought that a housing bust and ugly recession might finally catalyze a serious crackdown on money laundering in Canada. Apathy has been the status quo while asset prices were rising. Now, as prices plunge and pain spreads, public tolerance should shift. Realty reports show that many properties bought in early 2022 are […]

September 23, 2022 | The Most Splendid Housing Bubbles in Canada, September Update: House Prices Plunge

In Hamilton, Ontario, after a ridiculous mind-bending spike, prices plunged 5.8% in August from July, and are down 10.5% in three months. In Toronto, prices plunged 4.0% in August from July, and are down 8.3% in three months. In Vancouver, prices dropped by 2.0% in August from July; in Ottawa by 3.1% in August; in […]

September 23, 2022 | Is the Fed Really in Charge of Interest Rates?

Frugal is the new “cool” in China

September 23, 2022 | Remembering Larry Reaugh

Read September 20, 2022 News. Read September 21, 2022 News. “Larry was a giant on the Vancouver mining scene. His presence with a big personality put a mark on the entire sector along with so many individuals in the industry. His experience in every aspect of the business, top to bottom, made him an invaluable […]

September 22, 2022 | Operation ‘Break Things’ To Continue

  Hiking the US Fed funds rate a further .75 yesterday, now 3 to 3.25% (from 0 to .25% in March), Chair Powell acknowledged that unemployment will rise, adding: “Nonetheless, we’re committed to getting inflation back down to 2%.” Powell reiterated that his board plans to raise US base rates a further 1.25% (4.25 to 4.5%) by […]

September 22, 2022 | Canada Has Best Investment Opportunities in G7

Value Investing Back Big Time

September 22, 2022 | Energy Super Cycle Underway

Schachter Calgary Energy Conference October 22nd.  Get free tickets to Schachter energy conference! Enter Promo Code SERGUEST22

September 22, 2022 | Are Gold and Silver Likely to Recover Before Stock Market?

2nd stage of a 3 stage Bear Market

September 22, 2022 | Gold, Crude Oil, USD, Stock Markets

Interest Rates, Quantitative Easing. Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

September 21, 2022 | Putin is at War with the West – Not Ukraine

Vladimir Putin’s recent speech is making headlines as people falsely claim Russia is about to launch an all-out nuclear attack. Putin is sticking to his same plan and says it in his opening statement: “The subject of this address is the situation in Donbas and the course of the special military operation to liberate it […]

September 21, 2022 | Look Out Below!

               The Fed voted unanimously to raise the Fed Funds rate by 75 basis points today – up to a range of 3.0 to 3.25%. This is the third straight rate hike in a row of this size. With inflation at 8.3% in August, “high inflation is very painful for people at the lower end […]

September 20, 2022 | Canada Seeking Covid Patient Guards

(click image for a better view) Paladin Security recently posted a job for a position that did not previously exist. The company is seeking “patient watch attendants” to guard COVID patients. Are they looking to set up COVID camps as Australia did? They are looking for positions around-the-clock to monitor COVID patients constantly. It would […]

September 20, 2022 | Housing Bubble Woes: Home Builders Cut Prices, Pile on Incentives, amid Plunging Traffic of Buyers, Spiking Cancellations, Holy-Moly Mortgage Rates

“Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households,” according to the National Association of Home Builders this morning regarding its survey of home builders. Incentives: “In another […]

September 20, 2022 | A One-Term President?

The debate continues on whether Joe Biden will run for re-election in 2024. Any sane citizen clearly would not encourage him to continue ruining America. The Democrats have even voiced concerns over Biden’s effectiveness as a two-term president due to his frequent blunders and low poll ratings. His age and declining mental health have made […]

September 19, 2022 | Bringing Down The House

Higher interest rates continue to slow the nations housing market. National home sales, as reported by CREA, fell 25% year-over-year in the month of August. It was also the sixth consecutive monthly decline in home sales. While new listings remain weak as sellers resist selling at recent valuations, inventory is still climbing and prices continue […]

September 19, 2022 | 2022: Three Quarters of Pain and Counting

As we start the third week of September, with the US Fed’s much-telegraphed rate hike on Wednesday (+.75 with some 30% betting odds of a full percent!), markets are peaked. Bitcoin (-71%) continues to lead the crypto Ponzi down the back side of heartbreak hill. So far, the S&P 500 -20%, the Nasdaq -29%, and […]

September 19, 2022 | Canada’s Private Sector on the Decline

Canada’s job recovery last year seemed strong according to standard measures. However, it was recently revealed that the majority of jobs were created in the public sector. Nearly 9 in 10 jobs created between 2020 and 2021 were in the public sector. Government, not business, is expanding. Between February 2020 and July 2022, private sector growth […]

September 18, 2022 | Inflation Sinks In

Remember when inflation was going to be transitory? Good times. I was in that camp myself early on, as were some serious analysts I greatly respect (and still do). Then the data began to show core inflation would be stickier than expected, and I turned in my Team Transitory T-shirt. I appreciate people who admit their […]

September 18, 2022 | Hope and Confidence Are on the Downslope Now

I’ve been reluctant to give permabears the all-clear because, being one myself, I’ve seen the bull market roar back from death a dozen times since 2009, turning my smug eulogies into embarrassments. The most punitive and outrageous of the rallies was the monster eruption begun in March 2020, when stocks exploded from the depths of […]

September 17, 2022 | Trading Desk Notes For September 17, 2022

Expectations of more Fed tightening is the “most important thing” for financial markets Markets reacted dramatically to the “stronger than expected” CPI report Tuesday morning. The DJIA futures dropped ~800 points in five minutes and was down >1,650 points later in the day. Friday’s low was ~2,150 points below Tuesday’s high. It was the biggest weekly loss since the […]

September 17, 2022 | Putin & October

  Despite all the propaganda that was put out by John McCain, Putin was selected by Yeltsin because he was being blackmailed on the one side by the oligarchs in July 1999 and the communists on the other who introduced a motion in the Duma to impeach him for corruption that was related to the […]

September 17, 2022 | This Week in Money

• Ross Clark – Stock Markets, US Dollar, Canadian Dollar
• John Rubino – (10:21)  Europe, The Fed, Interest Rates, Uranium
• Ross Kay –  (38:20) Canadian Real Estate Bubble