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June 17, 2024 | Understanding the Risks of Artificial Intelligence
Geoffrey Hinton, a computer scientist and cognitive psychologist, has long been a leading thinker about artificial intelligence. In this segment with Jon Erlichman, he articulates complex issues clearly enough for a general audience. Worth the listen. Here is a direct video link to part one. And here is a direct video link to part two.
June 17, 2024 | A Heist of Tax Dollars
Happy Monday Morning! It was just a few weeks ago when PM Trudeau lamented on the need for affordable housing while at the same time saying housing needs to retain value since it makes up such a large part of people’s retirements. In other words, the prime minister is trying to ride two horses with […]
June 17, 2024 | The Greatest Salesman Who Ever Lived?
“I think Zelensky may be the greatest salesman of any politician who ever lived. Every time he comes to our country he walks away with $60 billion dollars and I like him!” Donald Trump said during a rally over the weekend. As a fellow businessman, Trump joked that he liked Zelensky for “The Art of […]
June 17, 2024 | The Most Splendid Housing Bubbles in Canada, May 2024: Prices Drop Further, -14.4% from Feb 2022 Peak, -2.4% YoY, back to Sep 2021. Spring Rally Dud
Home prices in Canada edged down 0.2% in May from April, the ninth month in a row of declines, seasonally adjusted, according to the Composite MLS Home Price Index from the Canadian Real Estate Association (CREA) today. Condo prices fell faster than single-family prices. From the peak in February 2022, the index is now down […]
June 16, 2024 | Neil Oliver on the Reality
June 16, 2024 | Short Squeeze Blows the Roof Off Stocks
Last week’s rabid short-squeeze punctured bull-market targets I’ve been drum-rolling for months in Microsoft, Apple and QQQ. Moreover, the bullish look of the S&P 500 chart shown above is so clear and compelling that even the most stubborn permabears will need to make room for more upside to at least 6118, a nearly 13% rally […]
June 16, 2024 | The Coming Supercyclical Crisis
You know I’m highly concerned about government debt in the developed world, particularly the US. I’ve said for years a crisis is coming. We’ve blown right past all our chances to avoid it. Now all we can do is imagine what the crisis will look like… and how much it will hurt. This is necessarily […]
June 15, 2024 | This Week in Money
- Ross Clark: Stock Markets, Apple, Nvidia, Oil, Cocoa. Special Offer! 25% Off New Annual Subscriptions.
- Victor Adair: (11:19) Currencies, Gold, Copper, Interest Rates, Inflation
- Josef Schachter: (41:20) Petroleum, OPEC, Oil Prices, Natural Gas
- Tony Mitchell: (79:30) Director of Marketing at RecycLiCo™ Battery Materials on Company Showcase – The Future For Lithium-ion Battery Recycling is Bright. Weathering the current EV storm. Read IEA Article – “Trends in Electric Cars – Global EV Outlook 2024“. Read The Cool Down Article – “‘Black Mass Emerges as Hot Commodity Amid Expanding Interest in EVs and Battery Recycling — But Regulations Pose Hurdles“. View RecycLico’s Company Presentation.
Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“.
Watch – We upcycle cathode scraps and black mass into higher-value battery materials!
Video – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada.
Questions? Email or Phone: 778.574.444
June 15, 2024 | Carol Roth: The Death of Property Rights
We all sense that our basic rights are under attack, but the nature of the enemy and the weapons at their disposal aren’t always clear. Here’s a video that spells out the who, what, and how of the New World Order. A few bullet points: Property rights are the bedrock of a free society. Wealthy […]
June 15, 2024 | Danielle on CBC Weekend Business Panel
Here is a direct video link.
June 15, 2024 | Tech Talk for Saturday June 15th 2024
The Bottom Line Investors responded to encouraging U.S. economic news last Wednesday. Core May Consumer Price Index on a year-over-year basis dropped to 3.4%, extending an intermediate downtrend. U.S. equity indices moved higher on the news: the S&P 500 Index and the NASDAQ Composite Index jumped to all-time highs in anticipation of a lower Fed […]
June 14, 2024 | Why is 2% Inflation so “Magical”?
South Korea now has Gold vending machines
June 14, 2024 | De-Dollarization Update: Saudis Cancel The Petrodollar
Over the past couple of decades, the US has invaded and/or destabilized multiple countries — including Iraq, Libya, and Syria — for accepting currencies other than the dollar for oil. That’s how big a deal the petrodollar was for the Empire. But now it’s over: Saudi Arabia ends petrodollar agreement (Kitco News) – The established […]
June 14, 2024 | The Canadian Housing Bubble Needs To Burst
Real residential house prices in Canada have grown by more than four-fold since 1970. This means that house prices have grown much faster than inflation, and housing unaffordability is extreme compared to the past and other countries like the U.S. Can the housing market in Canada be fixed? This chart shows prices indexed to 100 […]
June 14, 2024 | G7 Dancing with Russian Assets and Poking the Bear
The G7 (Group of Seven) leaders reached an agreement on June 13th to utilize frozen Russian assets in their continued support of the war in Ukraine. However, they dance very carefully with the bear. They are NOT handing the actual assets to Ukraine – the most corrupt country perhaps in the world. The Pandora Papers revealed that Ukraine had […]
June 13, 2024 | IMF Digital Currency to Replace the Dollar
Years ago, when I wrote that Bitcoin was created by the CIA/NSA, some Bitcoiners attacked me and insisted that Satoshi Nakamoto was the creator of Bitcoin. Yet someone who created such a product never stepped forward and would have been a billionaire on royalties. But this fictional character was not much different than Lee Harvey […]
June 13, 2024 | Tougher For Longer
Yesterday morning, a milder-than-expected US CPI number boosted hopes that the US Fed may soon start lowering its policy rate. Financial markets pooped on the headline, further loosening financial conditions for some publicly traded companies. Then, a more hawkish Fed announcement in the afternoon lowered 2024 cut expectations from 75 basis points (bps) in the […]
June 13, 2024 | Estate Planning: The Big Question
“Getting your affairs in order” requires a lot of sometimes tricky decisions, the biggest and potentially thorniest of which is choosing someone to make sure your assets go where they’re supposed to. The lucky among us will have someone who’s trustworthy and willing to take on the job, but for many others it’s not so […]
June 13, 2024 | The Future For Lithium-ion Battery Recycling is Bright
Weathering the current EV storm. Read IEA Article – “Trends in Electric Cars – Global EV Outlook 2024“. Read The Cool Down Article – “‘Black Mass Emerges as Hot Commodity Amid Expanding Interest in EVs and Battery Recycling — But Regulations Pose Hurdles“. View RecycLico’s Company Presentation. Watch Roundtable Video with Sandy Munro, Jason Fenske […]
June 13, 2024 | Stock Markets Using Confusion To Go Higher
AI reliability questionable
June 13, 2024 | Will the Fed do Multiple Rate Cuts This Year?
Is the Canadian Real Estate market about to burst?
June 13, 2024 | AI Mania Still Driving Stocks Higher
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June 12, 2024 | Fed Holds Rates – What Tools Are Left?
The Federal Open Market Committee unsurprisingly voted to maintain rates at 5.25% to 5.5%. The numerous cuts others were anticipating are completely off the table, as the central bank said there might be one reduction for the year compared with their optimistic tone forecast made in March of three rate reductions in 2024. “In […]
June 12, 2024 | Rosenberg Updates on Economic Cycle
This interview offers a lucid top-down review of economic trends and asset markets. Here is a direct video link. As I explained here, I do not share the faith that immigration should prevent Canadian home prices from declining by more than ten percent.
June 12, 2024 | Total US Stocks Grew 11.8 MB Last Week – Lower WTI Prices Ahead
Economic data in the US so far is not supportive of the Fed lowering their Fed Funds rate. Today’s CPI report was benign coming in at 3.4% for core, so the Fed is likely to continue its view that it wants to see a few months of slower economic growth and declining price pressure before […]