September 16, 2022 | Migrant Buses Arrive Outside Kamala Harris’ Home
Since Kamala Harris is smugly confident that the border is “secure,” Texas sent her a gift. Two buses filled with 100 migrants from Texas arrived outside Harris’ home in Washington, DC. This is a tiny fraction of the number of people who cross the border into the US every day. At the beginning of the […]
September 16, 2022 | CPI Shocks The Financial Markets
The U.S. CPI for August shocked the markets this week, leading to an almost 4 percent decline in stock markets. The CPI showed a small decline, but the “core” CPI increased. Will inflation persist at these high levels? The market was expecting a moderation in the inflation number but got a shocking increase in some […]
September 16, 2022 | Unusual for US Dollar to Rise During Inflation
Energy crunch already hammering European businesses
September 16, 2022 | Some Looking at One Last Hurrah Before Stocks Plunge
World’s hottest housing markets facing painful reset
September 16, 2022 | $95 Billion in Monthly Liquidity Reduction to Begin Today
Starting today, the US Fed has pledged to run off its balance sheet (reduce liquidity in the banking system via ‘Quantitative Tapering’) by $95 billion a month–double the amount they were supposed to have been withdrawing (QT) since the start of June and about 5.5x the $17 billion per month they actually have withdrawn. We will […]
September 15, 2022 | Switzerland to Imprison People for Heating Homes
Imagine going to jail for three long years for heating your home or business. That now may become a reality in Switzerland, where heating your home above 19 C (66.2 F) is considered excessive and a punishable offense. Water may not be heated above 60C (140F), and saunas and hot tubs powered by radiant heaters are […]
September 15, 2022 | Consumer Dreams Evolving
There’s an old saying: the best days of owning a boat are the day you get it, and the day you sell it. The sentiment is especially true when people borrow to buy recreational items. While usage of the lifestyle item is periodic, related expenses tend to be continuous. Recreational properties and equipment saw a […]
September 15, 2022 | Making Money During Declining Markets
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September 15, 2022 | Just How Bad Could The Stock Market Get?
Would Gold hold its value in a deflationary world?
September 15, 2022 | Why Plummeting Home Prices Are Good
The impact of Quantitative Tapering being felt.
Last night’s warning from global shipping bellwether FedEx that demand for freight has ‘significantly deteriorated’ highlights the major economic downturn underway. FedEx shares -22% today alone, are leading most other sectors as well as currencies lower (against the USD). See more at FedEx has the biggest drop in over 40 years.
September 14, 2022 | Debt Diplomacy – Is China the East IMF?
The International Monetary Fund is not the only option for countries in desperate need of funding. The Financial Times recently reported that China has been sending out tens of billions in secretive “emergency loans” to countries facing financial hardship. China and others have been known to invest in emerging or struggling economies, but China seems […]
September 14, 2022 | Gasoline Demand Destruction Accelerates Despite Plunge in Prices: Consumption Drops to August 1997 Level
Over the four weeks through September 9, gasoline consumption dropped by 11.7% from the same four-week period in 2019, to 8.56 million barrels per day on average, below the same periods in 2020 and 2021, according to EIA data today. The EIA measures gasoline consumption in terms of barrels supplied to the market by refiners, […]
September 14, 2022 | Hellbent on Flatlining the Economy
As expected, the Bank of Canada raised interest rates another 75bps this past week. The overnight rate is now up a whopping 300bps year to date, the quickest tightening of monetary policy on a percentage basis since the 1980’s. While there was no additional commentary from BoC Governor Tiff Macklem, the official press release notes, […]
September 14, 2022 | Lower Prices Improve Affordability and Investment Prospects
Well before the rate increases this year, many would-be investment properties had rents insufficient to cover expenses, and owners were subsidizing the negative carry in hopes that capital gains would more than repay their costs over time. This helpful calculator allows us to compare relative numbers. In February 2022, with the average Canadian national sale price of […]
September 13, 2022 | Gun Purchases to be Tracked by Global Organization
The far left is eager to repeal 2A. We are not as free as we think. The International Organization for Standardization (ISO), an organization headquartered all the way in Geneva, will be tracking all gun purchases made on credit. The ISO develops standard documentation that is globally recognized. Gun sales were previously listed as “general […]
September 13, 2022 | The Saretsky Report – September 2022
There’s always lots to talk about in the Vancouver housing market, especially these days. We have plenty of updates this month on interest rates, trigger rates, and the investor/ rental market. Housing activity remains on the same course it’s been on over the past few months. Greater Vancouver home sales dropped 40% y/y in August. […]
September 13, 2022 | EPB Macro: The Compounding Cost of Short-Term Thinking
This video offers an excellent overview of the compounding cost of short-termism and entitlement thinking in a world of corporations and households who expect endless government support and lower taxes. The U.S. Government is facing some serious fiscal and monetary issues that don’t seem to have a positive outcome. In this video we will see […]
September 12, 2022 | World’s Hottest Housing Markets Face Painful Reset
The rapid cooldown in real estate threatens to worsen a global economic downturn and is emerging as a key variable for central bankers who want to tamp down inflation. Here is a direct video link. Also, see The World’s Hottest Housing Markets Face a Painful Reset In Australia and Canada — two of the world’s bubbliest markets […]
September 12, 2022 | Late Queen Elizabeth II to be Removed from Currencies
As in late times, as rulers come and go, the currency changes to reflect the change of power. In ancient Rome, for example, they would announce the coming of a new emperor on the coinage. The Romans used the reverse of their coinage as newspapers announcing victory, great building projects as the opening of the […]
September 11, 2022 | Yet Another Short Squeeze Colors the World Rosy
Leave it to the pundits to tell us what the hell the stock market was celebrating on Friday. The FAANG stocks inspired an inexplicable rampage, just like in the good-old days, and everything seemed right with the world. In the view of those anointed by television producers to make sense of Wall Street’s non-stop nuttiness, […]
September 11, 2022 | Labor Mysteries
Politicians talk about “jobs, jobs, jobs” because a steady income keeps people happy and (mostly) voting for incumbents. Carville once told us, “It’s the economy, stupid,” and it always has been. Economies in recession are usually bad for those in power. Economists care about jobs for a different reason. Labor is a factor of production—part […]
September 11, 2022 | De-Energization Plans in California – Lights Out
California sent out an emergency public notification to warn residents that the power grid was under a strain. Since people are likely unwilling to turn off their power during the summer heat, California is concocting “de-energization” plans. Simply put, California plans to temporarily turn off the power grid in the name of public safety. This […]
September 10, 2022 | When a Clown Moves into a Palace
-Record-high inflation -Proxy war with Russia -Open borders -Loss of energy independence -Looming recession -Reckless spending -Woke agenda -Increase in violent crimes -Polarized nation -Compromised elections -America now seen as vulnerable to enemies The list goes on and on…
September 10, 2022 | This Week in Money
- Ross Clark – Stock Markets, USD, Silver
- Victor Adair – (8:11) US Dollar, Europe, Crude Oil
- Robert Campbell – (31:14) US Real Estate, Exodus from California, Mental Fitness
- Zarko Meseldzija – (1:11:11) CTO of American Manganese Inc., doing business as RecycLiCo™ Battery Materials – on Company Showcase – Integrated versus Stand Alone Lithium-ion Battery Recycling Plants. Benchmark Mineral Intelligence – Battery production scrap will account for 78% of recyclable materials in 2025. Read Bloomberg Article – “The Next Big Battery Material Squeeze Is Old Batteries“. Read Benchmark Mineral Intelligence Article – “Battery Production Scrap To Be Main Source of Recyclable Material This Decade“. Watch Kitco Mining Interview with CTO Zarko Meseldzija – “RecycLiCo Battery Materials Bets on its Technology“. See AMY Lithium-ion Recycling Technology – Updated Dec. 2021.
Watch AMY’s Video – “Our Revolutionary Lithium-ion Battery Recycling Technology”.
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September 10, 2022 | Synchronous Global Housing Downturn
This segment offers a good overview of the global housing downturn. Rather than thinking of it as a housing “crash” though, realists can see it as an inevitable mean reversion cycle following a massive speculative bubble. Home Prices across America are DROPPING FAST, according to New Data from Redfin. Metros like Austin, Dallas, San Jose, […]