April 6, 2023 | Should You Worry About US Dollar in Post Bubble Contraction?

Blackstone limits withdrawals following $4.5 billion in withdrawal requests

April 6, 2023 | CEO Discusses RecycLiCo’s Strategic Outlook on Battery Recycling

Read InsideEvs Article – “US And Japan Enter Into Electric Car Battery Materials Trade Deal“. Read Reuters Article – “BMW Bets on Design and Recycling, Not Mining, To Lower Battery Costs“. Read Tesla Presentation – “Master Plan Part 3 – Sustainable Energy for All of Earth”. Read Electrek Article – “Everything You Need To Know […]

April 5, 2023 | Lament – for the End is Growing Closer

QUESTION: How can one, specifically Trump be charged with covering up an unproven mystery crime that by definition he is innocent of (innocent until proven guilty)? And why does no one mention this. MC ANSWER: This entire thing is doing nothing but bringing down the respect of the entire legal system. I knew the New […]

April 5, 2023 | Credit Earthquake Reveals Fault Lines

The past year has seen the most aggressive Fed tightening cycle in at least 30 years (see the chart below as of March 30, 2023, courtesy of Isabelnet.com). Base effects matter a lot; coming off a decade of constant QE and near-zero interest rates, the “normalizing” of monetary conditions this cycle is particularly acute at […]

April 5, 2023 | Criticizing Government Leaders is now a Crime #MacronOrdure

Free speech no longer exists. People are now scared to speak out against their government as if they were in the old USSR. Emmanuel Macron is an absolute tyrant and the French people have had enough. The protests in France over pension reforms receive little news coverage by design. The elite do not want the […]

April 5, 2023 | Climate Update

Headlines screeching about the “Earth Frying” are still being published, despite the 0.75 C  drop since 2016. Which with the general flat-lying trend for almost twenty years is refuting the dogma about “Catastrophic Anthropogenic Global Warming”. The Satellite temperature record follows:

April 4, 2023 | JPM Again

A major development last week was the large amount of gold issued by JPMorgan over the first two days of the COMEX April contract. Total gold deliveries by JPMorgan of 14,326 contracts, including 10,682 contracts (1.07 million ounces) by JPM from its proprietary house account were the largest by JPM in history.  This is big […]

April 4, 2023 | The 6th Wave – Do We Ever Learn?

QUESTION: Hi, Have you come across a period in history that at the end of the sixth wave, after the political system dies, during the next six waves, human mankind learned from its past errors and corrected it? ANSWER: Actually, the answer is NO. The fall of the Minoan Civilization brought in a dark age […]

April 3, 2023 | The US Begins to Arm Taiwan

The evidence of the coming global war is overwhelming. In a move that will prompt a direct response from China, the US announced that it would deliver 400 Javelin man-portable anti-tank systems to Taiwan. The delivery is strategically planned to begin during the second half of this year into 2024. Reports claim that this deal […]

April 3, 2023 | Eyes On The Prize

Bear markets can be psychologically trying as interim rallies may obfuscate ongoing downtrends. Markets are liquidity junkies and repeatedly anticipate that central banks will pause and return to easing credit conditions (typically a few months after a pause). As with tightening, however, the bulk of easing effects are not felt until many months after they’re […]

April 3, 2023 | Dissenting

Happy Monday Morning! Everywhere you scroll these days there is some debate about the housing mess, people arguing on social media, all levels of government pointing fingers and blaming each other for the housing crisis. “Vote for me and i’ll fix housing.” It is all political theatre. Case in point for those following along at […]

April 2, 2023 | FIAT – What is it Really!

QUESTION: Governments create their own sovereign fiat currency, to facilitate trade, among other reasons. So counterfeit is punishable, in some countries, by death, & at minimum, incarceration. Currency is supposed to be sacrosanct, created under the most exacting conditions. So what to do when your own gov’t engages in what is essentially officially endorsed counterfeit? […]

April 2, 2023 | What Blows Up Next? Commercial Real Estate

Commercial real estate — i.e., America’s $20 trillion of office buildings, warehouses, strip malls, and apartments — is all about financing. The lower the interest rate, the easier it is to justify marginal projects toward the end of a business cycle when only cheap money gets the deal done. That’s why the sector typically booms late and […]

April 2, 2023 | To Hell in a Handbasket

Well, they finally indicted the proverbial ham sandwich last week, adding to our long list of worries that the world really is falling apart. It’s as good a time as any to trot out William Butler Yeats’ The Second Coming as a reminder of where things are headed. This is arguably the most powerful poem in the English language, […]

April 2, 2023 | Disturbing Thoughts

Remember when banks were small? Those old enough to have a bank account in the 1970s should. Back then, most people did their banking with a locally owned institution, often the First National Bank of (Your Town). These were fully independent banks, not branches of bigger ones. You could walk in and see the bank […]

April 1, 2023 | Trading Desk Notes For April 1, 2023

Supercap tech stocks soar, leaving the rest of the stock market behind The Nasdaq 100 is up ~24% from its early January lows to a 7-month high; the S&P is up ~8%, the DJIA is up ~1.5%, and the TSE is up ~3.5%. AAPL and MSFT are up >30% from January lows; TSLA and NDVA are […]

April 1, 2023 | Trump v DeSantis

QUESTION: I thought you were supporting DeSantis. Are you switching to Trump? SH ANSWER: This is not about Trump even as an individual. A lot of people hate him for being arrogant. Put personal issues aside. If we are civilized, we do not condemn a person because we do not like him. All of that is absurd. […]

April 1, 2023 | This Week in Money

• Ross Clark – Stock Markets, Crude Oil, Gold, Silver, USD, Canadian Dollar
• Rick Ackerman – (11:45) Stock Markets, Digital Currencies, Banks. Special Offer!
• Robert Campbell – (42:42) US Real Estate, USD, Health

April 1, 2023 | Tech Talk for Saturday April 1st 2023

The Bottom Line North American equity markets are moving higher “on a wall of worry”.  Analysts continue to lower earnings estimates for companies linked to broadly-based North American equity indices, The Federal Reserve and Bank of Canada are maintaining high regulated interest rates and have yet to signal when rates will peak let alone come […]