September 6, 2023 | Real Estate Has Earned Us a Drubbing

US mortgage rates (30-year fixed) jumped an extra 50 basis points this week to 7.7%, while Canadian mortgage rates are 6% plus. Higher carrying costs are causing many owners to need to maximize rental income from their properties. Short-term rentals are attractive because they have yielded more per night than long-term leases. However, many cities […]

September 5, 2023 | Recession Watch: Obscure But Scary

Well-known economic indicators like consumer debt, money supply growth, and the inverted yield curve have been painting an ominous picture for a while now. But they’re not alone. A bunch of obscure but highly predictive metrics are saying the same thing. Among them: Spiking Mortgage/Treasury spread 30-year Treasury bonds and 30-year mortgages are loans with the same maturity but different […]

September 5, 2023 | Extend and Pretend Has Magnified Economic Shock

As interest rates soared above six percent over the last seventeen months, four of the big five Canadian banks have allowed floating-rate customers to extend and pretend by making the same mortgage payments as when floating rates were sub-2%. This has compounded solvency problems as unpaid interest adds to the debt and extends amortization periods […]

September 5, 2023 | Soros Sets Focus on Defeating Trump

They simply cannot bring Donald Trump down as his supporters are extremely loyal. The globalist elite are in a panic – if the inditement doesn’t work, Trump will come out swinging with a vengeance. Trump has already vowed to prosecute all responsible for this fake witch hunt. Perhaps they underestimated the overwhelming amount of support […]

September 4, 2023 | Happy Monday Morning!

Happy Monday Morning! A few weeks ago we summarized the cabinet shuffle, arguing the replacement of both the housing minister and immigration minister was simply rearring deck chairs on the Titanic. When new immigration minister Marc Miller was repeatedly questioned about rampant immigration putting strains on infrastructure and housing, he noted, “I don’t see a world […]

September 4, 2023 | Mass Graves in Canada Were a Hoax

”Anytime we think about unmarked mass graves, we think about a distant country where a genocide has happened. This is not a distant country,” Dictator Justin Trudeau announced. It was an emotional narrative used to condemn the people of Canada into remembering the ill will of their ancestors. A call for supporting indigenous and minority […]

September 4, 2023 | Your Bug-Out Bag Needs a Grab-and-Go Binder

The warning comes in the middle of the night: There’s a fire (or hurricane or flood or riot) headed your way. You get dressed, grab your bug-out bag, hop in the car, and head to the designated safe spot to wait out the trouble. Well done. But then your significant other says “What about the […]

September 4, 2023 | Some Scary Shit

I let it all hang out in the interview I did Friday with USAWatchdog‘s Greg Hunter. Do I actually believe the U.S. economy is headed into a condition of barter? Yes, I do.  It will be that bad. And global. Americans in particular will face a long period of severe hardship when these boom times end. […]

September 3, 2023 | US Real Estate Market

QUESTION: Mr. Armstrong, You were the only one who forecasted that real estate would continue to rise in conjunction with the rate increases by the Fed. I have been following you only since 2020 and COVID-19. I am impressed with your computer and your analysis, which does not change with every passing headline. Can you elaborate […]

September 3, 2023 | Noble Sacrifices

Look up the word “cycle” in a dictionary, and you’ll find something like this: “A regularly recurring sequence of events.” Sounds simple, but that definition leaves a lot of ambiguity. Zoom in on the “regularly recurring” part. A recurring event is one that happens repeatedly. Wherever on Earth you may be, the sun reliably rises […]

September 2, 2023 | Trading Desk Notes For September 2, 2023

The Fed is likely done raising rates in 2023 Markets were focused on US employment data during the last week of summer, and after the JOLTS, ADP and BLS reports, the chances of another rate increase from the Fed this year fell to ~30%.   Since April, short-term and long-term interest rates have been trending higher in Canada […]

September 2, 2023 | What Happened To Canada?

On Greg Hunter’s show last week I said something like: If five years ago you’d asked me to name the country least likely to go authoritarian, I’d have picked Canada. It always seemed like a well-run place full of mature people with good intentions. So it’s a shock to see what’s happening up there. To which a […]

September 2, 2023 | This Week in Money

• Ross Clark: Stock Markets, Oil, USD, Canadian Dollar, Uranium.  Special Offer! Receive 25% Off New Annual Subscriptions
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• Martin Straith: (44:39) Job and Economic Growth Reports, Interest Rate Cuts, Oil.  Special Offer!

September 2, 2023 | Tech Talk for Saturday September 2nd 2023

The Bottom Line A word of caution! North American equity indices have a history of reaching a short term peak near the middle of September followed by the weakest period in the year to the second week in October. Charts on the S&P 500 Index and Dow Jones Industrial Average show a similar pattern.

September 1, 2023 | Biden Spent 40% of Presidency on Vacation

Karine Jean-Pierre must take a deep breath when Peter Doocy enters the room, hence why she rarely calls on him for a question. Doocy has become emboldened with his inquiries and is one of the only journalists willing to ask the tough questions. Doocy’s latest doozy: “It seems like the hurricane response so far is […]

September 1, 2023 | Higher Rates Freezing Mobility and Consumption

About seventy percent of Canadian mortgages were taken out over the last few years with a 5-year fixed term and an ultra-low interest rate that averaged 2.79%. In 2020-2021, some 40% were taken at floating rates that averaged 1.65%. Floating and new fixed-term rates are now above 6%. Eighty-five percent of US home mortgages have […]

September 1, 2023 | Art of the Collapse, September 1 2023

We of course have to start with Oliver Anthony, the good ol’ boy from Virginia who wrote a little protest song called Rich Men North of Richmond, recorded it on his phone, posted it on YouTube — and watched it blow up into the number-one song in the world. Here’s the original video … … and the […]

September 1, 2023 | Crude Oil Demand Will Suffer as Transport Goes Electric

While the world’s crude oil consumption will soon start to decline, many investors expect there will be robust demand for crude oil for decades to come. But it is not too early to analyze the impact of declining demand for crude oil when choosing long-term investments. Most investors based in Canada, and especially Alberta, believe […]

September 1, 2023 | China’s Economic Problems Continue to Pile Up

What can we expect from the stock markets after Labour Day?