June 18, 2023 | They’re Coming For Your Bank Account

Two trends are converging to end the era of local bank accounts: Central banks are conspiring to force us out of traditional savings and checking accounts and into central bank digital currencies (CBDCs). Deposits are now fleeing local and regional banks because an inverted yield curve makes it impossible for those banks to pay competitive […]

June 18, 2023 | Frustrated Bear? Temporary Relief Is on the Way

When will the rampaging bull run out of steam? A good question, considering how Wall Street has been flouting a slew of good reasons for the broad averages to be at multiyear lows rather than revving up for a shot at new record highs. Two destructive juggernauts in particular are bearing down on the economy […]

June 18, 2023 | A Skip, Not a Stop

A year ago, the US Consumer Price Index was rising at an almost 9% annual rate. The Federal Reserve was trying to change that trend with tighter policy. But it wasn’t just the Fed. All of us—businesses, consumers, everyone—responded to the pain. Good news: Our collective decisions seem to have had the desired effect. Annual […]

June 17, 2023 | Trading Desk Notes For June 17, 2023

Central banks are determined to get inflation down The Fed and the ECB reminded markets again this week that they are determined to slow inflation, echoing recent statements from the BoE, the BoC and the RBA. The “explicit” message is that rates will stay higher for longer. The underlying rationale for current central bank policies is that rising inflation […]

June 17, 2023 | Biden – Admits He is a Puppet

COMMENT: You are just anti-Democrat and always against Biden. WU REPLY: Sorry, you are so biased you cannot look objectively at anything. When Biden utters the phrase “I’m deviating from the script, and I going to get in trouble” don’t you understand that someone is scolding him if he speaks his own mind? I’m sorry. That is irrefutable evidence […]

June 17, 2023 | This Week in Money

• Ross Clark –  Stock Markets, Interest Rates, Canadian Dollar, Corn, Soy, Cocoa
• Eric Hadik –  (12:17) Cycles in Trading, Trends, Gold, Silver
• Wolf Richter –  (37:13) Interest Rates, Inflation, Commercial Real Estate, Auto Sales
• Zarko Meseldzija – (1:05:57) CEO of RecycLiCo™ Battery Materials Inc. on Company Showcase – RecycLiCo™ Battery Materials Inc. CEO Discusses Commercial Joint Venture with Zenith. Read the Latest News. Read Energy.gov Article – “Biden-Harris Administration Announces $192 Million to Advance Battery Recycling Technology“. Read Simply Wall Street  Article – “Companies Like RecycLiCo Battery Materials (CVE:AMY) Can Afford To Invest In Growth“.  Read Financial Times Article – “AI ‘Euphoria’ and EV Bets Drive South Korea Market Rally“. 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

June 17, 2023 | Tech Talk for Saturday June 17th 2023

The Bottom Line Changes in currencies are having an important impact on equity and commodity prices.  The U.S. Dollar Index and its related Exchange Traded Note (Symbol: UUP) moved significantly lower following news on Wednesday from the Federal Reserve that it plans to maintain the Fed Fund Rate at 5.00%-5.25% for now. In response, world […]

June 16, 2023 | Espionage Act & Abuse of Power

Many people have written in and asked how can Trump be charged under the Espionage Act. There is probably no other Act that has been so abused than this statute. It has been responsible for witch hunts and the deliberate execution of people the prosecutors knew were innocent. This Act has silenced people, been used to […]

June 16, 2023 | The Fed Remains Committed To Fighting Inflation

The Federal Reserve delivered a “hawkish pause” this week. The Fed funds rate was held steady, as the Fed continued to tighten monetary policy and suggested that further rate hikes are inevitable. Will the Fed stay the course until inflation is at its 2 percent target? The official statement says that the Fed is committed to a […]

June 16, 2023 | Stock Markets Showing Technical Excesses

Brace yourself for higher chocolate prices

June 16, 2023 | RecycLiCo™ Battery Materials Inc. CEO Discusses Commercial Joint Venture with Zenith

Read the Latest News. Read Energy.gov Article – “Biden-Harris Administration Announces $192 Million to Advance Battery Recycling Technology“. Read Simply Wall Street  Article – “Companies Like RecycLiCo Battery Materials (CVE:AMY) Can Afford To Invest In Growth“. Read Financial Times Article – “AI ‘Euphoria’ and EV Bets Drive South Korea Market Rally“. Watch – We upcycle cathode scraps and black […]

June 15, 2023 | Biden Wannabe Dictator? No Way.

Ep. 4 Wannabe Dictator pic.twitter.com/MDcs5g0gxB — Tucker Carlson (@TuckerCarlson) June 15, 2023

June 15, 2023 | How You Store It, Part 1: Gold In Hand

Gold bugs have a saying: “If you can’t hold it, you don’t own it.” This is emphatically true. Our banks, brokers, and crypto wallets can be looted by hackers or rapacious governments, or they can simply go dark during a power outage, cyberattack, or bank holiday. So the only wealth we truly own is what […]

June 15, 2023 | “Skip”, QT and High For Longer–Not Bullish

A world of bullish commentators asserts that Fed pauses are positive, even though the worst economic and stock market downturns have always come after the Federal Reserve stops tightening. After ten consecutive rate increases and the sharpest rate of change since 1980–yesterday, Fed Chair Powell announced a “skip” with ongoing quantitative tightening (QT) and possibly […]

June 15, 2023 | Summer Solstice Could See Change in Markets

The Fed non-hike just part of market manipulation.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

June 15, 2023 | The Fed Needs To Get Housing Prices Down

Long term high rates would clean out companies that need culling

June 15, 2023 | Inflation Could Really Take Off in a Few Years

Stock Market rise could end suddenly

June 15, 2023 | Gigantic Shit Storm, Zombie Borgs, Normieland

One of the worst Real Estate Crashes in history

June 15, 2023 | China First to Start to Lower Interest Rates

North American markets only higher due to manipulation

June 14, 2023 | Powell on the New Hawkishness in the Dot Plot and on Inflation: “We See that it Tells Us that We Need to Do More”

Renewed hawkish sentiments are building up at the Fed for the second half this year. That’s what we saw today. While the Fed kept rates steady today “to assess additional information and its implications for monetary policy,” the median projection in the FOMC’s infamous “dot plot” today calls for two more rate hikes this year, […]

June 14, 2023 | So What Comes Between Now & 2032?

QUESTION: Dear Sir, With regard to your recent blog post – [ https://www.armstrongeconomics.com/international-news/politics/word-of-warning-they-cant-put-trump-in-prison-but-they-can-you-for-protesting/ ]… … you included the ECM chart depicting the decline and fall of the United States. You have an encyclopedic understanding of the cyclical rise and fall of empires. Seeing as how the USA presently constitutes a veritable empire in most respects, are […]

June 14, 2023 | Lagging Shelter Costs Mask Magnitude of Disinflation Unfolding

Shelter costs account for a whopping one-third of the US consumer price index (CPI). Ex-shelter, the other two-thirds of CPI components deflated 0.1% month over month in May and were a tame +2.1% year-over-year (close to the official 2% CPI target). Higher home and rent prices were significant factors in spiking inflation between 2020 and […]

June 13, 2023 | Putin Pleas for Peace

The vilification of Putin has been extremely successful, so much so that no one is listening to his words. The Russian leader recently spoke of conflict resolution. That is not something a warmonger hellbent on conquering nations would discuss. And yet, Putin seems to be the only world leader discussing the potential of resolving the […]

June 13, 2023 | Disinflation Offers Cause For Pause

May’s US CPI at 4%–the lowest since March 2021–has increased the prospects of a Fed pause tomorrow; a July hike remains possible. But as I’ve pointed out for months, pauses are not bullish; historically, they’ve preceded the steepest part of economic and market downturns. The good news for consumers (but not corporate profits) is that recessions […]