March 6, 2023 | Extend and Pretend
Happy Monday Morning! Canadian banks reported first quarter earnings this past week. Those earnings provided an important glimpse into what’s shaping the nations housing market. Deep in the footnotes, CIBC reported that $52-billion worth of mortgages – the equivalent of 20% of the bank’s $263-billion residential loan portfolio were in a position where the borrower’s monthly payment […]
March 5, 2023 | How It Started/How It’s Going
If you read and pay attention to the world, you probably know the recent past pretty well. And if you’re a history buff like me, you also know something about the more distant past. In between, however, we often have a memory gap. Events from 5, 10, even 20 years ago slip out of mind […]
March 5, 2023 | Biden Administration Controls Britain & the EU
The Biden Administration is control the EU and Britain. They cannot independently expand the supply of arms to Ukraine, since the main decisions in this regard are still being made in Washington, as the former British Foreign Secretary William Hague has admitted. The Biden Administration has been completely usurped by the Neocons. They are writing […]
March 5, 2023 | Creating ‘Wealth’ Is 99% Inspiration and 1% Perspiration
Americans grew effortlessly richer last week when a two-day rally in stocks and bonds added many hundreds of billions of instantly spendable dollars to the economy. Most of it would have dropped into the hands of traders, speculators and portfolio managers. However, enough will trickle down to sales reps at Bijan, Dolce & Gabbana and […]
March 4, 2023 | Trading Desk Notes For March 4, 2023
The DJIA hit a 4-month low on Wednesday but then bounced – as fears of “higher for longer”interest rates diminished The 2-year Treasury yield hit a low of ~1/10th of 1% in August 2020 as the Fed slashed interest rates to counter the Covid Crisis. Some commentators suggest those were the lowest rates in 5,000 years. […]
March 4, 2023 | How a Country Goes Bankrupt, In 10 Steps
The past few decades of unnaturally easy money have created a world of “moral hazard” in which a ridiculous number of people borrowed far more than they should have. Now, with money getting tighter, not just businesses and individuals but some governments are staring at the “suddenly” part of that old saying about bankruptcy. Japan is […]
March 4, 2023 | Housing Bust #2 Has Begun
This is the transcript of my podcast on Sunday, February 26, THE WOLF STREET REPORT. The housing market in the United States has turned down, and in some big markets very dramatically so. Other markets lag a little behind. That’s how it went during the last Housing Bust, that I now call Housing Bust #1. […]
March 4, 2023 | This Week in Money
- Ross Clark – Stock Markets, USD, Gold, Oil
- Mark Leibovit – (7:41) Presidential Cycle, Crypto, Gold, War on Cash. Special Offer! Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
- Robert Campbell – (47:10) US Real Estate, People Leaving California, Fitness
- Zarko Meseldzija – (1:17:11) CEO RecycLiCo™ Battery Materials Inc. on Company Showcase – RecycLiCo™ CEO Discusses Tesla’s Investor Day. Watch – Tesla 2023 Investor Day. Read Benzinga Article – “RecycLiCo CEO Discusses The Company’s Upward Momentum And The Growing Demand For Lithium-ion Battery Recycling and Upcycling“. Read Economist Intelligence Article – “Automakers Move To Adopt a Circular Economy“. Read CIPS Article – “Why the US Needs a Purchasing Consortium for Critical Resources“. Read American Recycler Article – “Legislative Issues Facing the Automotive Recycling Industry“. Read Yahoo Finance Article – “Tesla $2.9 Billion Battery Materials Order Sends L&F Surging“. Read ABC6 News Article – “Honda and LG Energy Solution Prepare to Break Ground on $3.5 Billion EV Battery Plant“. Video – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada. Questions? Email or Phone: 778.574.4444
March 3, 2023 | 2032 & The Real Great Reset
COMMENT: Marty; A lot of people are concerned that you may just say the hell with it all and move to your island in the Caribbean. A lot of us always stood by you and many more are joining the ranks. There are so many who claim to be brilliant analysts but it is just […]
March 3, 2023 | Tesla Live Investor Event Disappoints
Tesla presented a live event for investors this week and got a mixed reaction. Was this March 1 event a flop? In a four-hour marathon event, various Tesla employees presented on almost every aspect of their company. First, Musk outlined a vision for how the planet can eliminate fossil fuels entirely. He calls this The […]
March 3, 2023 | Russian Revolution 2.0?
Bad Buy-Back Loans Choking Wall Street
March 3, 2023 | RecycLiCo™ CEO Discusses Tesla’s Investor Day
Watch – Tesla 2023 Investor Day. Read Benzinga Article – “RecycLiCo CEO Discusses The Company’s Upward Momentum And The Growing Demand For Lithium-ion Battery Recycling and Upcycling“. Read Economist Intelligence Article – “Automakers Move To Adopt a Circular Economy“. Read CIPS Article – “Why the US Needs a Purchasing Consortium for Critical Resources“. Read American […]
March 2, 2023 | Denmark Cancels Public Holiday to Finance Higher Military Spending
Denmark scraps public holidays in order to fund higher military defense spending when behind closed doors, the EU is anticipating sending in troops to fight Russia in Ukraine. The Parliament in Denmark passed a corresponding bill to abolish the “Great Day of Prayer” as a holiday in the future. After all, it was just a […]
March 2, 2023 | Tesla 2023 Investor Day Updates on Electrified Energy and Transportation
Tesla’s 2023 Investor Day on March 1, 2023, outlined important context and data for the global transition to electrified energy and transportation. The big-picture data presented here are not new. They have been verified and published by other scientists and engineering experts in this space, including Stanford’s Mark Z. Jacobson and The Solutions Project. And yet, most people are […]
March 2, 2023 | Pension Crisis Could Cause a Deflationary Collapse
Substitute “taxpayer” for government bailout plans to get true impact
March 2, 2023 | How Banks are Preventing Mortgage Foreclosures
BC Real Estate data missing in action
March 2, 2023 | Will Canada’s Poor Economic Outlook Stop Rate Hikes?
Commercial properties struggling to stay afloat
March 1, 2023 | COVID Scam & The Lack of Journalism
Besides Fauci should be prosecuted on every possible statute and all the small businesses that went bankrupt because of him should file a class action suit against him personally and the government. Every person who has suffered an injury from the vaccines and those who have died, and their families should also file against […]
March 1, 2023 | Rate of Change!
The US Money Supply has contracted 1.7% over the last 12 months (graphed below, courtesy of Charlie Bilello)–the largest year-over-year decline on record (data back to 1959). Many other countries, like Canada, have seen a similar trend. This massive liquidity reversal is a formidable headwind for asset markets globally over the next few quarters. At […]