January 31, 2024 | Art of the Collapse, February 2024

Civil War?… So the US opens its borders and millions of people stream across. Border states are inundated, and Texas blocks one of the more popular illegal entryways with razor wire. The Supreme Court rules that the Feds can take the wire down, Texas says “try it and see,” and a bunch of other states […]

January 31, 2024 | Layoffs Leaping in 2024

Companies could be expected to ramp up layoffs come March, according to research by Danielle DiMartino Booth, CEO of QI Research. Here is a direct video link.  

January 30, 2024 | Farmers Descend on Paris

  Farmers throughout the world have been protesting the increasing regulations on agriculture. The media is barely covering the story, and when they do mention it, they say that the farmers are protesting due to Russia blocking supplies from Ukraine. This is simply untrue. The farmers are protesting against over-regulation, taxes, and the climate change […]

January 30, 2024 | The End is in Sight

There is a shocking level of undervaluation for silver compared to gold, even though the ratio had widened out to more than 91 to 1. Considering that there is a pronounced and deepening physical shortage in silver, the silver/gold price ratio should be closer to 9 to 1. That would put silver prices around $225 […]

January 30, 2024 | Re-Steepening of the Yield Curve Signals Rising Unemployment and Deepening Bear Markets

The US 10-2-year Treasury yield spread (via YCharts below) has moved from a deep inversion at 108 bps last July to -14 bps today. This process is known as re-steepening.Re-steepening of the yield curve (10 minus 3-year spread in brown below since 1989, courtesy of my partner Cory Venable) has historically coincided with rising unemployment claims (in […]

January 30, 2024 | Gold, When All Else Fails, Part 1: China’s Last Resort

Since the beginning of recorded history, people have viewed gold as 1) money and 2) something to be replaced by sexier financial instruments whenever possible. Today’s fiat currencies, for instance, exist because governments find creating “wealth” out of thin air much more fun than living with a fixed money supply. And as financial markets have […]

January 30, 2024 | The Most Splendid Housing Bubbles in America, January 2024 Update. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Las Vegas, even San Diego

The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers dipped a hair from the prior month and is now forming a beautiful double-top, after a huge mind-blowing spike. We’re going to get to the individual “most splendid housing bubbles” – as we’ve called them since 2017 to […]

January 29, 2024 | Could Texas Survive as an Independent Nation?

  The severity of the migrant crisis may be new to those who do not live on a bordering state. Yet Texas has been grappling with this issue for years, resulting in countless calls for a secession from the United States or “Texit.” How would Texas manage as an independent nation? Size and Population Texas […]

January 29, 2024 | Gold, When All Else Fails, Part 1: China’s Last Resort

Since the beginning of recorded history, people have viewed gold as 1) money and 2) something to be replaced by sexier financial instruments whenever possible. Today’s fiat currencies, for instance, exist because governments find creating “wealth” out of thin air much more fun than living with a fixed money supply. And as financial markets have […]

January 29, 2024 | Kneecapped

Happy Monday Morning! As expected, the Bank of Canada maintained rates at 5% this past week. While Tiff pushed back on rate cut talk, he did leave us with some clues. “If the economy evolves broadly in line with the projection we published today, I expect future discussions will be about how long we maintain […]

January 29, 2024 | Danielle on Thoughtful Money

Danielle was a guest with Adam Taggart on Thoughtful Money. Here is a direct video link.  

January 28, 2024 | Going Bang!

“The Fickle Nature of Confidence” Stratospheric Heights Patience Pays Off New York, Somewhere in Florida, and… In thinking about the 2020s, I often find myself looking back to the 1920s. That decade began with a deep recession/depression and ended with a stock market crash. While we now see the 1920s as a kind of “in […]

January 28, 2024 | Gold Stocks and the Coming Judas Swing

[This week’s commentary was written by David Isham, a longtime Rick’s Picks subscribers from Northern California who has been investing in bullion since he was in grade school four decades ago. RA ] Although gold appears to have broken out of a triple top and recently hit fresh all-time highs at $2152, the gold miners are trading at the […]

January 28, 2024 | No Cash Accepted

  Businesses are increasingly preventing customers from using cash as NO CASH ACCEPTED signs line Main Street. No federal law requires businesses to accept cash, but some states and cities have implemented laws mandating businesses to do so. COVID accelerated the push toward a cashless society, as physical cash was seen as unhygienic. Then the […]

January 27, 2024 | Trading Desk Notes For January 27, 2024

US stock indices are higher again this week, with the DJIA up ~6,000 points (18%) from its October lows The S&P, Nasdaq 100, DJIA, and the VTI ETF have all closed higher for 12 of the last 13 weeks. The rally continues to be led by big-cap tech, with MSFT and AAPL both reaching a $3+ […]

January 27, 2024 | This Week in Money

• Ross Clark:  Stock Markets, Oil, Gold, USD, Canadian Dollar
• Allan Mark Angell: (12:15) High End Real Estate, Interest Rates, Inventory
• John Rubino: (49:15) China’s slowing economy, US Immigration, Energy

January 27, 2024 | Tech Talk for Saturday January 27th 2024

The Bottom Line Responses to fourth quarter results released last week by S&P 500 companies were mixed with important exceptions. Notable were responses to reports by key technology companies: Strongest positive responses were recorded by Microsoft, ASML, IBM, Netflix and Lam Research. Strongest negative responses were recorded by Texas Instruments, Tesla, Intel and Visa.

January 26, 2024 | Never Ever Vote for Nikki Haley

January 26, 2024 | Tesla Debuts a New Inexpensive Sedan

Tesla announces a new low-cost sedan which will sell for about $25,000 in U.S. dollars. This vehicle will be available in mid-2025 and will be manufactured initially in Austin, Texas. Will this new model be enough to justify Tesla’s valuation? For the 2023 year Tesla announced revenue of $25 billion while the stock market value […]

January 26, 2024 | Could Lower Interest Rates Boost The Stock Market?

Chinese economy in trouble

January 25, 2024 | The Year of the Recession that Didn’t Come: Our Drunken Sailors Partied & Spent, GDP Jumped

The year 2023 was supposed to be the year of the recession. It was the most anticipated recession ever, the most hoped-for recession. Starting in 2022 with the initial rate hikes, the “Leading Economic Index” predicted a recession for late 2022; and when that didn’t come, for early 2023; and when that didn’t come, for […]

January 25, 2024 | Your Morning Coffee is Killing the Planet

Now they’re coming for your coffee.☕️😂 Swiss banker and World Economic Forum “agenda contributor”, Hubert Keller: “The coffee that we all drink emits between 15 and 20 tonnes of CO2 per tonne of coffee… Every time we drink coffee, we are basically putting CO2 into the… pic.twitter.com/cQUcKLluGR — 🗡️🛡️Sir Rickster🛡️🗡️ (@Rickster_75) January 23, 2024 The […]

January 25, 2024 | Hoisington Q4 2023 Review and Outlook

Hoisington Management’s latest Q4 quarterly review and outlook is now available here. With some risk markets still drunk on blind optimism, the list of recessionary indicators grows longer by the day. Real-world facts always matter in the end. Hoisington summarizes some of the most historically prescient data to date: Over the past year, inflation, real GDI, […]

January 25, 2024 | Who Believes US GDP Grew 3.3% Last Quarter?

The key indicator a major market correction is about to happen