July 20, 2023 | Is the AI Craze About to Go Bust?

Crude and natural gas drilling in Alberta and Texas

July 19, 2023 | Trudeau – A Modern-Day Caligula?

 Nathaniel Pawlowski delivered a powerful speech to the European Parliament, where he called Justin Trudeau a modern-day Caligula. Pawlowski’s father, Artur Pawlowski, has been arrested numerous times for simply speaking out against the tyrannical Canadian government. Artur Pawlowski was a vocal advocate for medical freedom and continued to speak up for the people despite threats from […]

July 19, 2023 | Should I Buy? Or Should I Rent?

                 I spend a lot of time thinking about the future – and where home prices will go from here. 2023:  Rental affordability has never been higher as compared to mortgage affordability. From my July 2023 Timing Letter: “Many believe that home ownership is always attractive as a way of avoiding paying rent, but […]

July 19, 2023 | Those Who Overlook History

Like today, soft-landing hopes were all the rage in the summer of 2007 too. The US Fed tightened its overnight rate from 1% in May 2004 to 5.25% by June 2006 and then paused there for 15 months. As the economy slowed and credit stress mounted, the Fed administered a first cut (50bps) in September 2007, and […]

July 18, 2023 | Tucker Carlson Kills Mike Pence’s Presidential Dreams

Some may have seen the viral clip of Tucker Carlson’s interview with Mike Pence. This interview will be remembered as the nail in the coffin for Pence, who could not hide his Neocon agenda. “Every city in the United States have become much worse in the past three years. Drive around – there is not […]

July 18, 2023 | Real Estate Speculators Start to Blink

Nick Gerli, Reventure Consulting Founder and CEO, joins ‘Last Call’ to explain his recent viral tweet claiming AirBnB is seeing declining revenue in several major markets. Here is a direct video link. Also, see Nick’s update on developments in the commercial property sector. Commercial real estate values have already dropped 11% in the last year, with […]

July 17, 2023 | NATO – Escalates Nuclear War

What has come out of this NATO meeting is the West is escalating the war with Russia. They are expanding the “sharing” of nuclear weapons at the request of Poland, which has always been rejected previously. This means that any nation with F35 and F16 will have available to them nuclear weapons. This is why […]

July 17, 2023 | People We Should Know: Ray Dalio

Ray Dalio’s bio is not that different from the typical “hedge fund asshole”: Harvard, Bridgewater Associates, billionaire, best-selling author. And of course he predicted and profited from the last few couple of financial crises. But instead of coasting on past success, Dalio has shifted gears and become a public figure whose take on the global […]

July 17, 2023 | Trapped

  Happy Monday Morning! As expected, the Bank of Canada tightened the screws once again, jacking rates up another 25bps, and bringing the overnight rate to 5%, its highest level since 2001. “It’s working,” Macklem said in an exclusive interview with The Globe and Mail on Wednesday, several hours after raising borrowing costs for the 10th time […]

July 17, 2023 | Code Red

As a result of data released over the past week (mostly, the last 3 days), it seems clear to me that we may be facing a clear market emergency in COMEX silver futures. I am trying hard not to be alarmist, but what I see alarms the heck out of me – to the point […]

July 16, 2023 | The SMELL of Freedom Featuring Joe Biden

  There are countless videos of President Joe Biden violating the personal space of children. He is constantly sniffing their hair as well, which is all on film and not a conspiracy theory or some smear campaign. The children are visibly upset, and their brain-dead parents allow it to happen. This has been happening for […]

July 16, 2023 | 5.5% Rate on T-Bonds Coming, but Then What?

Jim Grant, the financial word’s adult in the room, says the bear market in Treasury bonds could last for decades. Do the long-term charts bear him out? The one reproduced above suggests that it’s at least possible that we are in the early stages of such a move. Most immediately, the chart projects a further […]

July 16, 2023 | Flip Side of the Inflation Coin

The market, and maybe all of us, would like to believe the latest 3% annual CPI number was a harbinger of ever-lower inflation, and we are on the road to 2% inflation by year end. I would argue, “Not so fast.” Inflation is far from dead, and CPI will likely go slightly up between now […]

July 15, 2023 | Trading Desk Notes For July 15, 2023

Weaker-than-expected CPI ignited a risk-on surge across currency, credit and equity markets “A man hears what he wants to hear and disregards the rest.” Paul Simon, The Boxer   The US CPI report Wednesday morning was slightly weaker than expected and kicked off a surge of “risk-on” sentiment that accelerated existing short-term trends in currencies and equities: the US […]

July 15, 2023 | Danielle on CBC Weekend Business Panel

Danielle was a guest on the CBC Weekend Business Panel. Here is a direct video link.

July 15, 2023 | This Week in Money

• Ross Clark –  Stock Markets, Sentiment Extremes, USD, Canadian Dollar, Gold and Silver
• Eric Hadik –  (9:34) Cryptocurrencies Cycles, Oil, Natural Gas, Three Way Currency War
• Danielle Park – (36:30) Bank of Canada Rate Hike, Inflation, Real Estate

July 15, 2023 | Tech Talk for Saturday July 15th 2023

The Bottom Line Here come second quarter results! Early responses to better than consensus reports released last week were encouraging with nice gains recorded by Pepsico, Delta Airlines, UnitedHealth Group and JP Morgan. However, selling pressures appeared on Friday: Selected stocks sold down sharply after reporting less than consensus quarterly results. Notable was weakness in […]

July 14, 2023 | Noble Scientist says Climate Change is a Hoa

Dr. John Clauser, the co-winner of the 2022 Nobel Physics prize has come out and said the whole nonsense of Climate Change caused exclusively by CO2 is an absolute HOAX. Anyone who has ever studied physics cannot possibly conclude otherwise. There is absolutely NOTHING that can ever be reduced to a single cause and effect […]

July 14, 2023 | Honey, the Dollar’s Collapsing Again: USD against Yen, Euro, Peso, Other Currencies amid Inflation, Rate Hikes, and QT (or Lack Thereof)

The dollar-collapse and dollar-crash folks are out in force. “The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggesting the Federal Reserve may have to raise interest rates only one more time this year,” Reuters said, which put one […]

July 14, 2023 | Silver Gets Some Mainstream Coverage

Readers of this newsletter know the silver story by now. So it might come as a surprise to hear that maybe 95% of the investing public knows virtually nothing about monetary metals in general and silver’s unique supply/demand situation in particular. In such an obscure market, mainstream exposure can have a dramatic impact by exposing generalist investors […]

July 14, 2023 | The Bank of Canada is More Worried About Inflation Than a Recession

The Bank of Canada raised its interest rate again this week, the tenth increase since March 2022. The new level, at 5 percent, means that many borrowers will face rates of 7 percent and higher on bank loans and mortgages. Why does the Bank of Canada keep raising rates? The Bank of Canada (BOC) set […]

July 14, 2023 | Hard Landing, New Stock Market Lows Ahead

As we enter the second half of 2023, the economy continues chugging along. GDP growth for Q2 is currently estimated at 2.3%, and inflation continues dropping, with the latest June headline CPI just in at 3.0%. Have those warning of recession been wrong? Or will the lag effect result in a bumpier ride for the […]

July 14, 2023 | The Process Explains the Price

Generally, for everything that has a price, the price is often the most important feature. Certainly, this is true in financial assets and commodities of all types, including stocks, bonds, real estate, raw and finished materials, as well as transportation, labor and just about everything under the sun (including solar power). As different as all […]

July 14, 2023 | A Shocking Glut of Electric Vehicles in US

Why you shouldn’t believe Bank of Canada inflation projections