September 19, 2023 | Worst “Rent” Inflation since 1983 & Red-Hot Homeownership CPI Fuel Canada’s CPI Surge. Bank of Canada in a Pickle of its Own Making

In a nasty big surprise of the type that inflation, once it’s running loose, likes to dish out, the Consumer Price Index in Canada re-accelerated in August for the second month in a row, to 4.0% year-over-year, according to Statistics Canada today, up from 3.3% in July, and 2.8% in June (red line in the […]

September 19, 2023 | The Gates of Hell

I think Bill Gates will go down in history as in the list of the top 5 demons who have waged war against humanity. He represents what some call the Gates of Hell. Nobody will stop this guy; he is out to reduce the world’s population, no different than Hitler or Stalin. Nothing this guy […]

September 18, 2023 | Play Ball

Happy Monday Morning! Over the past several months we’ve been highlighting the marked slowdown in residential building permits, a leading indicator of future supply. This is what happens when the cost of capital doubles, and in some cases, triples. Souce: Ben Rabidoux This is a disaster in the making for a federal government insistent on […]

September 18, 2023 | Greta Poses for the Cameras Amid Arrest

Greta Thunberg is willing to defy the authorities to fight climate change, or at least that is what they want you to believe. They paint this young girl as a radical activist when she is planted counter-opposition. Greta was arrested for the second time last week for refusing to leave a sit-in at a protest […]

September 18, 2023 | Gold Is Doing Great — In Other Currencies

Gold’s job is to hold its value while the local currency is inflated away. Which is another way of saying gold goes up when local currencies go down. The most glaring current example is Japan, where a multi-decade experiment in artificially depressed interest rates is finally coming undone. Inflation is rising, the yen is falling versus other […]

September 18, 2023 | Mind The Credit Cycle

Bank lending is contracting across world economies. The percentage of US banks tightening their credit to large and medium firms (below since 1990 via Tier 1 Alpha) now above 40%–was only seen during the 2020 pandemic, the 2008 financial crisis, the 2001 Dotcom bust, and the 1990-91 recession. As higher interest rates freeze existing home […]

September 17, 2023 | What if Joe Biden Dies?

Someone recently asked what would happen if Joe Biden happened to die leading up to the election. The answer is not as simple as Kamala becoming president, but it all depends on when he hypothetically dies. The majority of states have a filing deadline of January 1, 2024. If any potential presidential candidate dies between […]

September 17, 2023 | A Stroll Down Disinflation Lane

  [Last week’s commentary on the gathering economic storm elicited a light-hearted reminiscence from our friend Richard Charles of Alpine Capital.  You’ll find his recollection of some notable deflationists enlightening, and there’s also a new word — screwflation — he has coined to describe a phenomenon that has yet to gain traction with eggheads at some of […]

September 16, 2023 | Are Social Justice Warriors Ready to Put Their Wallet Where There Mouth Is?

@liberty..hangout #libertyhangout ♬ original sound – Liberty Hangout

September 16, 2023 | This Week in Money

• Ross Clark: Stock Markets, AI, Oil, Uranium, Junior Mining Sector.  Special Offer! Receive 25% Off New Annual Subscriptions.
• Rick Ackerman: (12:16) USD, Gold, Recession, Oil, Real Estate
• Eric Hadik:  (43:08) Market Cycles, Oil, USD, Interest Rates, Gold

September 16, 2023 | Tech Talk for Saturday September 16th 2023

The Bottom Line History suggests that short term caution is warranted for a new investment in North American equity markets. According to  www.EquityClock.com , “The weakest time of year for stocks is at our doorstep, encompassing the final weeks in the third quarter. Between September 19th and the last day of the month on September […]

September 16, 2023 | Trading Desk Notes For September 15, 2023

KING Dollar rises for NINE consecutive weeks The USDX hit a 15-month low in mid-July but has rallied >5% since then. (I’ve called mid-July a Key Turn Date as several macro markets reversed course then.) The USD looks attractive as the Eurozone and China/Asia are slowing. American “exceptionalism” draws capital. The Euro traded at a 17-month high in mid-July but […]

September 15, 2023 | A Minsky Moment For Canada Has Arrived

Canada’s Minsky Moment has arrived, as the demand for new credit slows and a substantial portion of household mortgage borrowers are not paying the interest on their debt, much less repaying the principal. Hyman Minsky was an American economist who focused on the business cycle and debt. Since mainstream economics ignores debt, banking and financial […]

September 15, 2023 | The Most Splendid Housing Bubbles in Canada: Price Drops Spread amid Slowing Sales, Rising Supply, Bank of Canada Tightening

The Canada Home Price Benchmark Index for single family houses fell by 1.1% in August from July, after having already fallen by 0.5% in July, to $825,700 (all prices in Canadian dollars), ending a rambunctious spring selling season that had been further fueled by Bank of Canada rate-cut hopes, which then turned into two additional […]

September 15, 2023 | Foreign Investors Losing Faith in China

Inflation tops 124% in Argentina

September 14, 2023 | Oil Hits $90!

  Crude oil just hit $90/barrel –  a new high for 2023 Oil prices are now up a massive 35% in just 3 months. Inflation always starts with energy.  

September 14, 2023 | Rule of Law & Prosecutors Are ALWAYS Above the Law

Anyone who thinks prosecutors are to be trusted is out of your mind. I have NEVER met one that had an ounce of honesty or ethics. It is extremely rare for any court actually to go after a prosecutor. Perhaps one in a billion. They are on the same team to uphold their 99% conviction […]

September 14, 2023 | Wall Street’s Soft-Landing Delusion and What Really Comes Next!

For those who like detail, Francois Trahan of Trahan Research offers a cogent macro assessment in his latest video update (1-hour run time): “Wall Street’s Soft-landing Delusion and What Really Comes Next!” You can watch it at this direct video link.

September 14, 2023 | G20 & the One World Government Dream

  The movement toward a One World Totalitarian State is proceeding. India is the Chair of the G20. This is the proud symbol of the G20 in Lucknow, (Uttar Pradesh) India. The leaders of the G20 over the weekend reached an agreement to impose by sheer force digital currencies and digital IDs on their respective populations. […]

September 14, 2023 | $90 Crude May Mean Time to Back Off Oil Stocks

Josef Schachter hosts major energy conference October 14th. Catch The Energy Conference

September 14, 2023 | Does Oil Have Room To Go Higher?

What is driving the demand for Uranium?

September 14, 2023 | Gold Suffering from Strong US Dollar

Uranium has been glowing for investors.  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

September 13, 2023 | More and More Hard Data

Debt payments consume an impossible amount of household income, and the problem is global. Across ten large Canadian cities, mortgage payments alone are eating up about 59% of household earnings, based on mortgages amortized over 25 years. This is with 70% of Canadian mortgages still paying fixed payments based on rates less than 3%. With […]

September 13, 2023 | What is Biden Doing in Alaska?

For the first time in US history, the president did not visit a 9/11 memorial on the day of the worst terrorist attack on US soil. Instead, the president traveled to Alaska to commit his own attack against the American people. Peter Doocy said that he received a response similar to “Well, presidents stopped visiting […]