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May 18, 2023 | Unexpected US Dollar Rally, Gold, Interest Rates
Seasonality may help a major move in the markets. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
May 18, 2023 | Excellent Energy Stock Opportunities on the Way
Alberta wildfires not cutting oil and gas production
May 18, 2023 | Some Thoughts on Tipping
In Ontario, the general minimum wage, including liquor servers, bartenders and waiters, is $15.50 per hour. In some areas of the US, the minimum wage for tipped services is, unbelievably, $2.13 per hour, the same minimum that was established in 1991. Tipping in the United States is on the rise, and experts are calling it […]
May 18, 2023 | Commercial Real Estate Bubbles Bursting
People still putting their money in the wrong places. Link to Charts.
May 18, 2023 | US Debt Ceiling Worries
AI getting all the attention
May 18, 2023 | Dow Theory, Interest Rates, Gougeflation
US Dollar, Gold, Crude Oil
May 17, 2023 | Next Generation Money, Part 1: Texas Re-Imagines The Dollar
With all the (completely justified) angst surrounding central bank digital currencies (CBDCs), it’s easy to forget that the concept of digital money isn’t the problem. It’s just a tool like any other and can be used for good or evil, depending on who’s wielding it. Obviously, if a CBDC is managed by some combination of the Federal […]
May 17, 2023 | Durham Report Explained – Everything was a Lie
Special counsel John Durham revealed in his report that all American intelligence agencies knew the Trump-Russian collusion story was a lie. You can read the full 300-page report here. Hillary Clinton needed a way to take the heat off of her email scandal and was the mastermind behind this plot. The CIA and FBI knew […]
May 17, 2023 | US Debt Ceiling Crisis Smoke and Mirrors Circus
It’s definitely the time to bring out the clowns as MSM and much of the blogosfear are obsessed by the US debt ceiling smoke and mirrors circus that is being used as an excuse to explain potential market outcomes from a CRASH upwards, there is always a crash coming! And if the market soars then […]
May 17, 2023 | Squeezed by the Shorts: Time to Ban Short Selling?
Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers “borrow” stock they don’t own and immediately sell it, driving the price down. Then they buy it back at the lower price, return the stock, and pocket the difference. Bankers […]
May 17, 2023 | CDC Quietly Recalls all Johnson & Johnson COVID Vaccines in US
This should have made headlines across the world. The Centers for Disease Control and Prevention quietly told the US government to destroy all available Janssen/Johnson & Johnson COVID-19 vaccines. “Janssen COVID-19 Vaccine is no longer available in the U.S. All remaining U.S. government stock of Janssen COVID-19 Vaccine expired May 7, 2023. Dispose of any […]
May 17, 2023 | Outlook Sours on Tight Credit and Fewer Loans
The May 2023 Dallas Fed bank credit survey results were just released, and the data is recessionary. It’s not just consumer credit that’s in decline. Commercial and industrial loans have contracted at a 14% annualized pace since mid-March and loans to commercial real estate at a -4% annualized rate. See Banking outlook continues to deteriorate amid further […]
May 16, 2023 | The 37 Year Cycle
Well, Sports Illustrated just had to join the BudLight Woke Controversy. I suppose they could have put a Transgender on the cover. So it looks like they decided to stop short of that insanity and chose to put Martha Stewart who is 81 on the cover. Elle McPhearson, known as the Body, really saw her […]
May 16, 2023 | Becoming Invisible, Part 2: Other Ways They’re Tracking (and Manipulating) Us
Turns out that my original list of ways they’re spying on us was incomplete. Readers have been fleshing out the story: Robert Wilkins I would like to mention that Google owns 23 and Me, the genetic analysis service that many people give as presents to friends and family members or use themselves. They send in a gene sample […]
May 16, 2023 | Stressed Consumers Pulling Back
The segment below offers a good big-picture overview of the interplay between incomes, consumer spending, economic growth and home prices. Canadian data looks worse than the US, but, so far, Canadian banks have allowed negative amortization to compound principal higher where payments are insufficient to cover principal and interest payments. Many variable-rate borrowers have had […]
May 16, 2023 | Biden Nominates First Hispanic Woman to Fed Board – Who is She?
The headlines praise Biden for nominating the first Latina woman to the Federal Reserve’s board. None of the current headlines list her qualifications, which is a given since this administration favors diversity over experience. I, for one, would like to know more about the people being placed in positions of power since their nationality has […]
May 15, 2023 | Baby Boomers Helped Inflate Property Prices, Their Demise Suggests The Opposite
Baby boomers and two decades of rock-bottom interest rates drove a structural boost to housing demand as older buyers/investors sought bigger homes as well as recreational and rental properties. As interest rates have risen and boomers die off, the question is who will buy from them and at what price? The pandemic and a shortage […]
May 15, 2023 | Nowhere to Hide
Happy Monday Morning! Anyone following this newsletter since about January knows that the housing market has surged back to life. Inventory has fallen off a cliff at the same time buyer sentiment has rebounded, coinciding with the BoC’s Tiff Macklem taking his foot off the gas. In the GTA, home sales ripped 27% month-over-month in […]
May 14, 2023 | Oxford’s Protests Against 15-Minute Cities
Those who see what is coming are beginning to resist the Great Reset. Ultimately, their plan to create a one-world government will fail but it will take firm resistance. As one reader mentioned, English residents of Oxford began protesting the 15-minute city concept in March. Thousands of people took to the streets to protest […]
May 14, 2023 | Bond Bulls Seemed Just as Crazy in 1981
[Editor’s note: The following commentary draws parallels between today’s bond market environment and the last great bear market in bonds, which bottomed in 1981. It went out last month to clients of my friend Doug Behnfield, a financial advisor and senior vice president at Morgan Stanley Wealth Management in Boulder. Long-time followers of Rick’s Picks will be familiar with […]
May 14, 2023 | Fast QT, Fewer Rate Hikes? Bank of Canada Has Shed Nearly Half of Pandemic QE Assets. And QT Continues Despite “Pause” in Rate Hikes
The Bank of Canada, which has paused its rate hikes for the second meeting in a row at 4.5%, isn’t pausing at all its Quantitative Tightening. Au contraire. It seems to follow the policy of faster QT instead of rate hikes. Total assets on the balance sheet today fell to C$365 billion, down by C$210 […]
May 14, 2023 | Plan for Paralysis
This year’s Strategic Investment Conference is wrapped up, but it’s not over. We spent five days thinking the unthinkable. I, for one, will continue not just thinking about it but meditating on it. I believe we got some serious insight into this decade’s fin de siècle. I’ve dubbed it The Great Reset. Others have different […]
May 13, 2023 | Trading Desk Notes For May 13, 2023
Megacap tech continues to provide nearly all the YTD gains for the broad stock indices While small-cap stocks continue to underperform the broad indices and Megacap tech. Bullish stock factors: the recession has been postponed, and strong labour markets mean buying power for consumers, which means pricing power for corporations. We are at or near peak […]
May 13, 2023 | This Week in Money
- Ross Clark – Stock Markets, Gold, Oil, Currencies
- Eric Hadik – (8:56) Market Cycles, Climate, Violence, Currencies, Interest Rates. Links to Reports mentioned in interview:
- Mark Leibovit – (43:02) USD, Bitcoin, Inflation, Gold. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
- Zarko Meseldzija – (1:16:10) CEO RecycLiCo™ Battery Materials Inc. on Company Showcase – RecycLiCo™ CEO Provides Company Update and Discusses Strategic Outlook. Read the Latest News. Read Automotive World Article – “Mining vs Recycling: Is One Superior for Battery Sourcing?“. Read Electric Autonomy Article – “Scoop: Northvolt Scouting Two Quebec Cities for Battery Factory Locations in Canada“. Read Tesla Impact Report 2022. Watch – We upcycle cathode scraps and black mass into higher-value battery materials! Video – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada. Questions? Email or Phone: 778.574.4444
May 13, 2023 | Tech Talk for Saturday May 13th 2023
The Bottom Line Prices for most world equity indices recorded small losses last week, typical of historic technical action early in May after most first quarter reports have been released. Analysts take a closer look at projections for the remainder of the year and adjust their earnings and revenue estimates accordingly. This year, they are […]