November 23, 2022 | Bill 36: Bringing Gulag to British Columbia

• Dr. Stephen Malthouse – Making Doctors Agents of the State

November 22, 2022 | Capital Goes Poof

Last November, the global market value of crypto assets amounted to $3.2 trillion (FT Wilshire Digital Asset Index). Today, it is something less than $ 861 billion. In other words, the 73% loss in the crypto and NFT (non-fungible token) space in one-year is, so far, nearing $3 trillion and about 38% of the $8 […]

November 22, 2022 | FTX Deep Fake- The Funds are Gone

  Disgraced FTX founder Sam Bankman-Fried is hiding out in the Bahamas, where he is allegedly attempting to recover “lost” funds. “I hate what happened and deeply wish that I had been more careful,” Bankman-Fried passively told reporters at CNBC after causing his own customers to lose billions in crypto. No one is going to […]

November 21, 2022 | EPB Macro: The Economic Data Just Got Worse

  Last week, the entire US yield curve inverted (a diffusion index of all spreads is shown below via ISABELNET.com since 1981), with the one-month Treasury yield rising above the 30-year Treasury yield. The spread on two and 10-year Treasury bonds widened to -71bp–the most negative since before the double dip recession of the early 1980s (shown below […]

November 21, 2022 | The House ATM Doesn’t Work Like it Used To

No bottom yet. Data published by CREA last week showed national house prices slid lower in the month of October, dropping 1.2% month-over-month. The national home price index is now down 15% since peaking in March earlier this year, the steepest correction on record since the index was created in 2005. Just for comparison sake, […]

November 21, 2022 | There is Nobody Coming on a White Horse to Save the Day

QUESTION: Marty, this was my first WEC. I had already met so many people and made friendships that the trip alone was worth it. I also found it interesting that you said nobody is coming in on a white horse from the Republican Party to save us. That struck me for you are really middle-of-the-road […]

November 20, 2022 | Digital Shiny Objects

Financial crises are really about trust. They tend to occur when people lose trust in assets, institutions, or people they had thought trustworthy. Whether the lost trust was a consequence of the crisis, or its cause is a different question. But they do seem to go together. Sometimes trust is misplaced from the beginning. No […]

November 20, 2022 | The Most Splendid Housing Bubbles in Canada, November Update: Fastest 5-Month Plunge on Record

The overall 11-City Teranet-National Bank House Price Index dropped 0.8% in October from September, and is down 7.7% from the peak in May, the largest five-month drop in the history of the data going back to 1997. It slashed the year-over-year gain to 4.9%, from the 19% range in March and April. Nine of the […]

November 20, 2022 | Trading Desk Notes For November 19, 2022

The “too far, too fast” moves have stalled In several of my Notes over the past few months, I’ve made the point that traders have been hunting “Peak Fed Hawkishness” – because they believe that will the best time to “Buy The Dip.” I’ve also made the point that they’ve been hunting for that “magic moment” without success – because Jay […]

November 20, 2022 | The “Anyone But Trump” Mentality

November 20, 2022 | What Twitter and Bitcoin Have in Common

Twitter and bitcoin share a key similarity in that their success while it lasted was just hubris. Realize that both were birthed by a virtual medium capable of monetizing turds if there is any discoverable demand for them whatsoever. Cardi B’s megahit single Wet Ass Pussy was proof of this. Twitter proffered turds in the form of […]

November 19, 2022 | The Bernanke Nobel Prize Should Have Gone To a Different Economist

Ben Bernanke, then-chair of the Federal Reserve, made his wrong prediction about real estate in a 2005 interview, just a year before the collapse in house prices in the US. The collapse in housing and subprime mortgages triggered the Global Financial Crisis (GFC) from 2006 to 2009. In October Bernanke was awarded a Nobel Prize […]

November 19, 2022 | 2023 – The coming Year of Chaos

QUESTION: Marty, It was a fantastic WEC. You tied it all together brilliantly and how the real issue is this liquidity crisis. Suddenly the ECB came out and said that inflation will not subside given a recession. It appears they were watching the WEC. Do you think that the ECB is at least listening now? […]

November 19, 2022 | This Week in Money

• Ross Clark – Stock Markets, Gold,  Crude Oil, US Dollar
• Eric Hadik –  (8:02) Market Cycles, US Dollar, Interest Rates, Cryptos, Crude Oil, War
• Martin Armstrong –  (37:37) Energy, Russia/Ukraine, Cryptos, US Civil War, Real Estate Crash. New Book “The Plot To Seize Russia – The Untold History”

November 18, 2022 | Making Lithium-ion Last Forever™

November 18, 2022 | Home Sales Plunge, Investors Pull Back Too, Prices Drop 8.4% in 4 Months, Active Listings & Price Cuts Rise Further

Sales of all types of previously owned homes – houses, condos, and co-ops – fell by 5.9% in October from September, the ninth month in a row of declines, to a seasonally adjusted annual rate of sales of 4.43 million homes, just a hair above the lockdown-month of April 2020, according to the National Association […]

November 18, 2022 | Has the US Dollar Topped Out?

Massive layoffs sweeping the US

November 17, 2022 | The Saretsky Report – November 2022

As we expected and discussed in last months report, the Bank of Canada raised interest rates another 50bps in October. Markets were pricing in a 75bps rate hike but the Bank of Canada failed to deliver, citing growing concerns around financial stability. It’s the first time in awhile they have flagged financial stability concerns, which […]

November 17, 2022 | President Xi Scolds Trudeau for G20 Media Leak

  The fear on Trudeau’s face is priceless. Everyone knows Justin Trudeau loves the spotlight. He is merely a celebrity like Zelensky. Justin is not a true statesman but a political puppet who does what he is told, as a good World Economic Forum Young Leader should. Within hours of what should have been a […]

November 17, 2022 | Empty Office Space Weighs on Rents, Investors and Lenders

Private equity firms and funds have doubled down on the realty space during the low-rate boondoggle of the last decade. As usual, this led to a massive surge in supply and leverage as most forgot (or never realized?) that real estate is a cycle. Now pounds of flesh are due. In 2021, the tech sector […]

November 17, 2022 | Trudeau Government Fumbling Resource Opportunities

Even Mozambique beating Canada at LNG

November 17, 2022 | Gold vs. US Dollar, FTX and Cryptos

Inflation, Interest Rates, Crude Oil, Silver

November 17, 2022 | From The Floor of the Las Vegas Cannabis Convention

US Dollar, Crude Oil, Natural Gas, Inflation, Interest Rates.  Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

November 16, 2022 | Trump is Back

Donald Trump announced that he is officially running for the 2024 Republican presidential nomination. The only president in American history to win re-election after a defeat was Grover Cleveland in 1892. The establishment repeatedly tried to impeach Trump to prevent him from seeking a second term, but he’s back. Trump wanted to keep America out […]