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March 25, 2023 | Brenner & Kondratieff Waves v Economic Confidence Model

COMMENT: Marty, I began following you in 1985. That is when everyone was using the Kondratieff Wave and admitted it averaged 45 to 60 years. They were all predicting another Great Depression. You were the only one right back then as well. I remember your advertisement in the Economist saying a new Private Wave was […]

March 25, 2023 | This Week in Money

March 25, 2023 | Tech Talk for Saturday March 25th, 2023

The Bottom Line Between a rock and a hard place! That’s where the Federal Reserve finds itself. The FOMC raised its Fed Fund rate by another 0.25% to 4.75%-5.00% on Wednesday as anticipated. Efforts to dampen inflation by raising the Fed Fund rates in recent months are working, but selected regional and specialty banks (e.g. […]

March 24, 2023 | Financial Stress Spreading

Deutsche Bank shares are off more than 10% this morning as credit default swaps on its senior euro debt blow out. Contagion fears are spreading after Credit Suisse’s shot-gun sale last weekend. Other banks are tumbling in sympathy. As shown below courtesy of Blomberg, financial shares have plunged sharply in the last month; see Deutsche Bank […]

March 24, 2023 | Central Banks Must Choose Between Fighting Inflation and Saving The Banks

Central banks, especially the Federal Reserve, are caught between a rock and a hard place. It seems that they might have to choose between saving the banking system and fighting inflation. Their recent statements, until this week, indicated that they would make fighting inflation their only priority, even if that means triggering a recession. But […]

March 24, 2023 | Can We Trust Canadian Banks?

Is Gold a safe haven right now?

March 24, 2023 | Is Hiking Rates Making Inflation Worse?

Gold, Commodities, Supply Chain

March 24, 2023 | RecycLiCo™ CEO Provides Company Update and Latest Industry News

Read LG Energy Solution – LG Energy Solution to Invest KRW 7.2 Trillion to Build Battery Manufacturing Complex in Arizona, Step Up EV and ESS Battery Production in North America . Read Battery Industry Article – “Volkswagen To Invest $193 Billion To Hit EV Target, Picks Canada For Battery Factory“. Read Recycling Today Article – “Washington […]

March 23, 2023 | The World’s Best Chartbook, A Preview

Incrementum (profiled in this post from January) is about to release the 2023 version of its massive chartbook. Click here to download a preview, or scroll down for nine sample charts that point to a great decade for precious metals.  

March 23, 2023 | CNN is Dying – Thank God!

COMMENT: Marty, You have a bigger readership than CNN. They dropped to 80,000 primetime. I think you are well beyond 600,000 these days. Maybe put in an offer to buy CNN for $1.49 and hire all new staff and Socrates should get his own show. WL REPLY: That is just amazing. I think the price […]

March 23, 2023 | The 1933 Bank Holiday – Can it Happen Again?

QUESTION: Marty there are a lot of people who seem to be trying to create a panic. Some are claiming the stock market will plunge by 50%. Others are saying nothing will survive other than gold. It seems like none of these people have any sense of what is really unfolding. They were saying the […]

March 23, 2023 | Fed Wrecking Ball

With consumer credit conditions already as tight as the 2008 financial crisis (shown below courtesy of The Daily Shot), yesterday, the US Fed hiked its overnight rate 25 bps to the highest level since September 2007 (4.75 to 5%). After insisting in 2021 that the Fed would not even consider raising rates in 2022, yesterday, […]

March 23, 2023 | Gold, The Fed, Bitcoin, Real Estate

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March 23, 2023 | Banking Crisis, Don’t Let Car Dealers Make You Pay Over MSRP

Inflation, Interest Rates, Retail Sales

March 23, 2023 | Gold, Copper, Crude Oil, Lithium, AI, Robots

The Fed and US Treasury sending conflicting messages

March 22, 2023 | The Fed Does Not Back Down

  COMMENT: Marty, it’s refreshing to have Socrates that is totally unbiased. It projected continued rising rates into next year and the Fed just prove its point. It is not backing down. Thank you. Socrates is very enlightening. GS ANSWER: I know there were a lot of talks that surely the Fed had to lower rates and […]

March 22, 2023 | Fed Today and Done?

At the last FOMC announcement on February 1st, the Fed hiked base rates by 25 bps and said it expected to tighten through 2023, with no easing before 2024, at the earliest. That was before retreating bank deposits sparked a liquidity crunch at highly levered financial institutions. Expectations are now that the Fed will hike […]

March 22, 2023 | Powell Explains the Fed’s New Regime: Rate Hikes & QT to Fight Inflation while Offering Liquidity to Banks to Keep them from Toppling

It makes sense in this era of high inflation, QT, rising policy interest rates, and high financial fragility in the banking system, after years of money printing and interest rate repression. The new regime was already tested successfully by the Bank of England last fall: Tightening through rate hikes and QT while simultaneously providing liquidity […]

March 21, 2023 | Soros – Taking Down America

Alvan Bragg in his vendetta against Donald Trump is clearly not just abusing his power, but he is attempting to interfere in the presidential election of 2024 by harassing Trump and trying to make him so toxic that nobody will donate to him. While I personally thought that Trump had fallen too far to be […]

March 21, 2023 | And Just Like That, The Tight Money Era Is Over

At the beginning of last week, everyone expected central banks to “tighten until something breaks”. By the end of the week it was clear that they’d already broken everything. Two middling US banks imploded, European mega-bank Credit Suisse finally died a well-justified death, and “who’s next?” speculation ran wild. And just like that, the era of […]

March 20, 2023 | Interesting Discovery

“Quickly” is a word uppermost in my mind, as I try to fully comprehend the sudden collapse of Silicon Valley Bank (SIVB). SIVB stock traded at $700 just over a year ago, before, essentially, going worthless. It was the speed of the decline that was so unnerving. Quickly will also come to describe the inevitable […]

March 20, 2023 | Biden Has Seized Your Pensions For His Agenda

President Biden’s decision earlier on Monday to veto a bill that would have killed a Labor Department rule on environmental, social, and governance (ESG) investing, has effectively seized your pension and expropriated it directing it to invest in this failed green agenda. That is UNCONSTITUTIONAL and there needs to be an immediate class action suit […]

March 20, 2023 | Gone Missing

Happy Monday Morning! National housing data dropped for the month of February, and there’s a lot to unpack here. Home sales plunged 40% year-over-year in February, coming off a blistering hot market this time last year. When you zoom out further it was the weakest February since 2009. However, there’s a caveat. New listings utterly […]

March 20, 2023 | Rates, Banking, Recession and Markets

Ted Oakley interviewed David Rosenberg of Rosenberg Research with his thoughts on banking situations, interest rates, recessions, and the stock and bond markets. Here is a direct video link.    

March 20, 2023 | Can AI read your mind?

Some of our past articles have discussed Chat GPT & the huge buzz it has created, starting back in about November 2022. Since then, AI technologies have been moving forward rapidly, and we see it making major inroads into commercial applications. Microsoft is prepared to invest $10b as it integrates AI into its MS-OFFICE products, […]

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