August 31, 2023 | Good and Bad News

  Let’s start with the bad news. Being that housing prices are high and affordability is ridiculously low, the pic is pretty much accurate – especially in California. The good news? History tells us that market conditions like this are temporary and won’t last forever. Housing prices will fall (and become affordable again) at the […]

August 31, 2023 | More Banks to Fail? Not in North Dakota

US. banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in August by Moody’s, which cut credit ratings on 10 banks and placed four of the 15 largest U.S. banks on review for possible downgrade. As with the banks going […]

August 31, 2023 | Will Earnings Boost October Stock Market Confidence?

What are the odds of another Fed rate hike?

August 31, 2023 | Real Estate, China, Energy, Mining

Inflation likely to stay higher longer than many expect

August 31, 2023 | Stock Markets Ripe for an October “Surprise”

Your next insurance bill may be quite a shock

August 30, 2023 | Unaffordable Prices Cure Unaffordable Prices

Canada’s housing bubble is crystal clear unless you are paid not to see it (wilfully blind) or painfully naive. The average national home price of 754K in July is ten times the average household income of $75k. The historically recognized affordability ratio has been home prices that are 3 to 4 times household income; this […]

August 30, 2023 | COVID Vaccine Required for LEGAL US Immigrants

There is an uptick in previously dormant viruses. Then again, countless people have entered America at the southern border illegally. Those who wish to come here on goodwill, legally abiding by US law, are forced to undergo a physical examination and receive the following vaccinations: Diphtheria Tetanus Pertussis Polio Measles Mumps Rubella Rotavirus Haemophilus influenzae […]

August 29, 2023 | Economic Weakness Leads Unemployment, Not The Other Way Around

Many cite US and Canadian unemployment levels today near 5o-year lows as grounds for economic optimism. Unemployment is a lagging indicator that commonly inspires misplaced confidence heading into recessions and then pessimism as it rises into subsequent economic expansions. For leading employment indicators, we look to readings on the average manufacturing workweek, average overtime manufacturing […]

August 29, 2023 | Health Prepping, Part 1: Stem Cell Breakthrough

It’s hard to “survive and thrive” in turbulent times if you’re sick, or even just low-energy. So the most important prepping we can do is on ourselves. Luckily, there are a lot of ways to get optimized, some of them old-school, some exotic, and some cutting-edge. This series will highlight health strategies for today and […]

August 29, 2023 | Russian Lives Matter

The most influential aspect of Black Lives Matter is its name choice. Of course, black lives matter, but the messaging behind the movement itself was pure corruption and controlled civil unrest by the left. It was seen as racist to say that ALL lives matter because the focus was only on Black Americans. Then the […]

August 29, 2023 | The Most Splendid Housing Bubbles in America, August Update: 4th YoY Price Drop Overall, 10 of 20 Cities with YoY Drops. Month-to-Month, Selling Season Begins to Fade

Today’s S&P CoreLogic Case-Shiller Home Price Index for “June” is a three-month moving average of home prices whose sales were entered into public records in April, May, and June, and it still shows the seasonal effects of spring selling season, when prices typically rise on a month-to-month basis, but the effects began to fade, and the index […]

August 28, 2023 | Tug of War

Happy Monday morning! This newsletter has been covering three big themes in the Canadian housing sector this year. In no particular order they are as follows, excessive immigration exacerbating a housing crisis, higher mortgage rates ironically trapping people in their homes, and the destruction of new housing supply brought forth by a trippling of interest […]

August 28, 2023 | How the Aristocracy Ate the Housing Market

The Kobeissi Letter just posted some nightmarish housing stats: BREAKING: Median cost to buy a house hits a new record of $2,748/mo, up a MASSIVE 90% since 2020. In other words, buying a house today costs nearly $33,000 per year. This is 46% of the median PRE-TAX household income in the US. Post-tax, homebuyers in the US […]

August 28, 2023 | Productivity Challenges

Weak productivity pressures profits and, ultimately, increases unemployment. Eventually, after recessions, productivity increases, thanks to reviving demand and lower labour costs (after layoffs). So far, we are early in the layoff phase, with jobless claims rising in 48 US states. Similar trends are evident in Canada and many developed economies, not just in America. The […]

August 28, 2023 | Inflation: Out of Control?

The strongest run of “Inflation” in more than forty years is underway, and pundits claim that it has much further to go. Indeed, popular and highly regarded financial talk shows are reporting that “All paper currencies have eventually gone to zero”. Inevitably, such would indeed be catastrophic.

August 28, 2023 | Trump’s Notoriety Turns into Popularity

Donald Trump’s notoriety is turning into increased popularity as he has become a martyr of the corrupt political system. He is receiving around-the-clock news coverage. Rallies are taking place in his favor, with a large group amassing outside the Fulton County jail that is composed of every demographic. His mugshot has been seen throughout the […]

August 27, 2023 | ‘AI’ Just Another Wall Street Scam

A handful of tech moguls already control the global flow of information, but their influence over our lives will only expand and deepen if Congress doesn’t do something soon to pry their greedy hands from the ultimate fruits of AI development. I say this while recognizing the irony of casting our elected representatives as the […]

August 27, 2023 | The Science of Cycles

Today we continue our study of the historical cycles suggesting a major crisis is in our near-term (5‒8 years) future. We don’t know the precise timing or nature of the crisis, but the patterns indicate one is coming and could be severe. As with many therapeutic programs, the first step is admitting you have a […]

August 26, 2023 | The Caplan Suit to Bar Trump Using the 14th Amendment

Caplan Lawsuit Many emails have come in about Lawrence A. Caplan filing this Declaratory judgment to ban Trump from running for President under the pretense of the 14th Amendment. In his filing, he is clever to state that he admits he was a member of the State Bar of California, but then states “Petitioner has […]

August 26, 2023 | Trading Desk Notes For August 26, 2023

Short-term interest rates surged higher this week Two-year Treasury futures traded to a 23-year low, the 5-year hit a 16-year low, and the 10-year closed the week at a 16-year low, but the long and ultra-long bond futures closed a little higher on the week after hitting multi-year lows on Monday. June 2024 SOFR futures […]

August 26, 2023 | This Week in Money

• Ross Clark:  Stock Markets, Nvidia, USD, Canadian Dollar, Gold, Silver, Oil
• Victor Adair: (9:43) Stock Markets, China, US Economy, Election Year
• John Rubino: (41:53) World War Against The USD, Consumer Debt, AI, Junior Miners

August 26, 2023 | Tech Talk for Saturday August 26th 2023

The Bottom Line High and rising interest rates on long term North American Treasuries have “put a lid” on North American equity markets. Comments by Federal Reserve Chairman Powell on Friday echoed comments by the Bank of Canada that central banks in North America are “prepared to raise rates further”. The stage is set for […]

August 25, 2023 | Disobey and Live – Maui Fire Barricades

There are a number of factors that do not add up regarding the Maui fires. I am refraining from speculating, but based on the facts, the government allowed people to die. I reported that the fire hydrants were dry and the top official refused to use water reserves. The notification system and sirens mysteriously failed, […]

August 25, 2023 | Climate Chaos To Change Thinking Around Housing

I have been following this issue for some time, and it’s not yet being widely factored into asset allocation decisions. How much of our net worth will we want in buildings that can’t be insured or where premiums go parabolic? How can we reduce and self-insure our risk in a world with hard-to-get or unaffordable […]