July 31, 2023 | Japan Takes Another Step Towards the Cliff

For a while there, the Japanese government had a sweet deal going. By pushing interest rates into negative territory — which forced bond buyers to pay for the privilege of owning said bonds — it was able to earn money on its national debt. So the more the government borrowed, the more it earned. And borrow it […]

July 31, 2023 | Lacy Hunt: Incoming Credit Crunch and Recession

This discussion offers an important overview of current financial conditions and what they suggest from here. Dr. Lacy Hunt says a credit crunch is now at hand that will start freezing up the gears of the US economy. Here is a direct video link. Hoisington’s Q2 2023 Quarterly Review and Outlook is available at this link.

July 31, 2023 | Same Faces, Different Places

Happy Monday Morning! The Trudeau liberals shuffled the deck this past week, replacing several key cabinet positions. Amongst those moves was a change of the housing minister. Ahmed Hussen is out, which should not come as a surprise given house prices have doubled under the current government, with an election not far away. Hussen’s track […]

July 30, 2023 | This Is What a Death Spiral Looks Like

Remember those scary charts of the US government’s rising interest expense? Here’s an example from a few months ago, when the annualized cost of our national debt was approaching $900 billion: Well, that wasn’t the peak. The latest reading shows interest payments approaching $1 trillion. And that’s not the end. Not even close. The current average interest […]

July 30, 2023 | First Big Correction of 2023 Has a Ways to Go

My ‘Chipotle indicator’ suggests that CMG, along with other high-fliers and the broad averages, could fall by at least 27% from recent highs before the bull market resumes later this summer. We last visited the burrito vendor’s chart in early May, just after a short-squeeze powered by feverish buying speared the red line, a ‘midpoint […]

July 30, 2023 | Day 820 of Build Back Better

July 30, 2023 | Turning Time

We talk frequently about the way central banks and governments affect the economy. In the grander scheme of things, though, whatever the Fed does is more like throwing a hand grenade into a large building. Yes, you’ll make some noise and cause some damage. People may be hurt. But the building won’t care, and the […]

July 29, 2023 | Trading Desk Notes For July 29, 2023

It was Central Bank Week The FOMC met on Wednesday and raised 25 bps as expected, with markets now pricing a ~30% chance of another 25 bps at their September 19/20 meeting. Financial markets were essentially unchanged on the news.   The ECB met on Thursday and raised 25 bps as expected but surprised markets by NOT forecasting […]

July 29, 2023 | This Week in Money

• Ross Clark –  Stock Markets, Gold, Oil, USD, Canadian Dollar
• Victor Adair – (13:24) USD, Central Banks, Gold Backed Currency
• Allan Mark Angell – (44:02) Low Inventory, Low Sales, and High End Properties
• Zarko Meseldzija – (1:23:54) CEO of  RecycLiCo™ Battery Materials Inc. on Company Showcase –  CEO Discusses Munro Live Visit and Demonstration Plant Testing.  Read InsideEVs Article – “Incentives Fuel A Factory Building Boom In The Battery Recycling Industry“.  Read US News Article – “Dead EV Batteries Turn to Gold With U.S. Incentives“.  Read FastMarkets Article – “EU Strengthens Battery Recycling Targets After Government Heads Approve Battery Regulation“.  Read Benchmark Source Article – “Battery Cathode Prices Rise for First Time This Year as Lithium Costs Increase“. 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

July 29, 2023 | Tech Talk for Saturday July 29th 2023

The Bottom Line North American equity markets continued to respond to better than expected negative corporate news. Second quarter results released to date by major U.S and Canadian companies have been better than expected: Last week, 80 % of reporting S&P 500 companies reported higher than consensus earnings and 64% reported higher than consensus revenues. […]

July 28, 2023 | The Federal Reserve hikes rates again

The Federal Reserve hiked interest rates again, to 5.25 percent to 5.5 percent. This is the highest Federal Funds rate in 22 years. The Fed has stated that it is determined to wrestle inflation back under control, which means getting to its 2 percent target or lower. Has the Fed gone too far in this […]

July 28, 2023 | Ancient Evil: Term Limits, WWIII, and Other Reasons to Clean House

  As we stumble towards World War III, it’s instructive to meet the people who are fronting for the Empire these days. The president, as everyone knows by now, is the modern equivalent of a B-movie zombie, pumped full of Adderall and shuffled out for public appearances — though even these controlled environments are now […]

July 28, 2023 | There is No Rule of Law

Anyone who thinks there is a rule of law in any country is a fool. When the movie The Forecaster came out, and I did a tour of major cities, I was in Frankfurt, and there was a question and answer period after the film. A woman stood up and said this is what is […]

July 28, 2023 | Can Bitcoin’s “Whales” Take Over Financial Markets?

Is the biggest fear of Central Bankers a Gold backed currency?

July 28, 2023 | RecycLiCo™ Battery Materials Inc. CEO Discusses Munro Live Visit and Demonstration Plant Testing

Read InsideEVs Article – “Incentives Fuel A Factory Building Boom In The Battery Recycling Industry“. Read US News Article – “Dead EV Batteries Turn to Gold With U.S. Incentives“. Read FastMarkets Article – “EU Strengthens Battery Recycling Targets After Government Heads Approve Battery Regulation“. Read Benchmark Source Article – “Battery Cathode Prices Rise for First […]

July 27, 2023 | Becoming Invisible, Part 6: iPhone Privacy Settings

Smartphones are indispensable because they do a virtually infinite number of things. That’s also why they’re a privacy nightmare. Each of a phone’s basic functions — and each app that’s subsequently added to the mix — generate data that can be stored, shared, and mined by people who want to rob or control us. For […]

July 27, 2023 | Will They Shut Down Gold & Cryptocurrencies with CBDC?

There is no question that the real problem here is that the financial system is collapsing. These morons have been borrowing since World War II with ZERO intention of ever paying off the debt. They are running out of buyers. Attacking Russia and China has divided the world economy, which may be the Neocons’ goal, […]

July 27, 2023 | The Best Way To Get The Price You Want For Your House

Renting vs Owning a Home

July 27, 2023 | What if the BRICS Bring In a Gold Backed Currency?

Could Silver be the best precious metal to invest in?

July 27, 2023 | Painful Impact of Higher Interest Rates Yet to Come

Are generous bonuses at CMHC justified?

July 27, 2023 | Are the BRICS About to Bring In Gold Backed Currency?

Commercial Real Estate going under at a record pace

July 26, 2023 | Conditions Least Favorable for Equities Since 2007

For those who pay attention to risk/reward dynamics, the prospective compensation for equity risk over Treasury bonds is today the lowest since the market peak in 2007-08 (S&P 500 forward earnings yield minus the ten-year Treasury yield). David Rosenberg, founder and president of Rosenberg Research, talks about the lasting effects of Covid-19 stimulus checks on […]

July 26, 2023 | The CDBD Crisis of 2025

  QUESTION: 1. Due to the draconian rules the US digital currency shall operate under, would you consider the coming US digital currency to be the worst form of currency—worst store of value—worst asset to hold, and if so would it be better to get entirely out of cash before the US Dollar is canceled […]

July 26, 2023 | Fed Hikes by 25 Basis Points, to 5.5% Top of Range, Highest since 2001, More Rate Hikes on the Table. QT Continues

The Fed’s FOMC raised its five policy rates by 25 basis points today, which pushed the upper limit of its policy rates to 5.5%, the highest since January 2001. The Fed had broadly telegraphed this move after the “very hawkish skip” meeting in June, when it projected two more rate hikes this year. The Fed […]