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November 4, 2023 | This Week in Money
- Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar
- Martin Straith: (11:28) Bonds, Interest Rates, Recession, Slowing Global Economy
- Tim Wood: (38:57) Inflationary Cycle, US Banks, Safe Havens, Recession
November 4, 2023 | Tech Talk for Saturday November 4th 2023
The Bottom Line The strongest period of seasonal strength in the year for North American equity indices from October 27th to January 5th “started with a bang” last week. The S&P 500 Index jumped % and the TSX Composite Index advanced %. Trigger for the advance was news that the Federal Reserve held the Fed […]
November 3, 2023 | There is No Free Lunch
From a Ben Bernanke speech in 2011: “Perhaps the most important thing for people to understand about the federal budget is that maintaining the status quo is not an option. Creditors will not lend to a government whose debt, relative to national income, is rising without limit; so, one way or the other, […]
November 3, 2023 | The Federal Reserve Issues a Margin Call
The Federal Reserve kept rates unchanged this week, at the highest level since 2001. The chair, Jerome Powell, insisted that the Fed might have to hike more, if inflation does not behave in the next few months. The last rate hike in the U.S. occurred in July 2023, after a streak of 11 hikes that […]
November 3, 2023 | Do We Face the Risk of Hyperinflation?
Taylor Swift to give Vancouver huge economic boost
November 2, 2023 | Nordic Countries Promise Mass Deportations
Religious zealots have come out in full force in recent weeks. European nations are now realizing that they made a grave mistake by opening their doors to countless migrants who do not share the same culture or values. Reuters reported that Nordic governments are now planning to deport immigrants who have not established legal residence. Denmark has […]
November 2, 2023 | Lacy Hunt on The Impending Recession and Implications
A worthwhile review in this 1-hour segment. Legendary economist Dr. Lacy Hunt joins Julia La Roche on episode 115 for a wide-ranging discussion on the economy and why we’re facing an impending recession. Here is a direct video link.
November 2, 2023 | Could We See Traditional Fall Market Rally?
If market collapses, even Gold will lose value. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
November 2, 2023 | Mortgage Rate Shock Yet to Come
China’s Real Estate crisis could easily spread here
November 1, 2023 | US Treasury Secretary Unclear on the Concept of a “Deficit”
I have both good and bad news. The bad news is that the US government is continually spending with no end in sight. The proxy wars have eliminated even a level-headed discussion of anything akin to a real budget. In a move that angered Treasury Secretary Janet Yellen (also good news) Republicans introduced legislation to reduce […]
November 1, 2023 | What Interest Rates Say About Home Prices
The average home price in Canada ($757k) is about 141% higher than what is considered affordable for the average household income. In the highest-population areas, like the Greater Vancouver and Toronto Areas, where incomes and home prices are higher than the national average, the affordability numbers are much worse. Price-to-income ratios in the mid-west and […]
November 1, 2023 | The Most Splendid Housing Bubbles in America, October Update: 10 of the 20 Metros Down from their Peaks Last Year, 6 Metros Set New Highs
We like the S&P CoreLogic Case-Shiller Home Price Index because it’s based on the “sales-pairs method” comparing the sales price of the same house over time, thereby eliminating the issues associated with median price indices (see “Methodology” toward the end of the article). And we like it because it shows the 20 metros it covers […]