ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 19, 2024 | Why Short Term Rates Should Be Your Nightmare
A suggested safe haven to protect from market crash
July 18, 2024 | Loan Defaults Confirm Faltering Consumers
In the second quarter of 2024, loan loss provisions at the six largest US banks increased the most since 2020 and car repossessions in June (drivers over 60 days late on payments) rose 23% year over year and were +14% compared to the pre-pandemic first half of 2019. See Car Repossessions Surge 23% as Americans Fall […]
July 18, 2024 | Home Buyers Still on Strike even as Mortgage Rates Drop to Lowest since March. But Refis Jump to Highest since Aug 2022
The average conforming 30-year fixed mortgage rate during the latest reporting week dropped to 6.87%, the lowest since mid-March, according to the Mortgage Bankers Association today. Not so ironically, two things happened, as the MBA also reported today: Applications for mortgages to purchase a home fell to the lowest point since early June, as potential […]
July 18, 2024 | What Will Likely Trigger Next US Recession?
Today’s Stock Market much like 2000 dot com bust set up
July 18, 2024 | Trump Inside Job, Vaccine Problems, Poison
15 Minute Cities, Pedos, Modern Slaves
July 18, 2024 | Are Stock Markets Setting Up for a Major Crash?
Will Gold protect you if markets crumble?
July 18, 2024 | Are the Latest Stock Market Bumps Manipulation?
Bitcoin becoming a new market indicator? Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
July 17, 2024 | Neocons Usurping American Foreign Policy & Assassinations for Regime Change
I can tell you that when Regan was elected, the Republicans were beside themselves. When I asked: What’s the problem? They said: “You don’t understand!” They explained that they would have to “train” him because he was a “governor” and not one of them from the swamp. The Neocons tried their best to prevent […]
July 17, 2024 | US Total Stocks Rose 11.1 MB Last Week -This Should Put Pressure on Crude Prices
The Republican National Convention is on this week and all of Trump’s former Presidential opponents are singing kumbaya and circling the wagons to get a fully united party to win the Presidency, the Senate and a large majority in the House. His surviving an assassination attempt last week has added to his messianic support. A […]
July 17, 2024 | Nomi Prins: Why Nuclear Power Is Back In Vogue
Best-selling financial writer and former investment banker Nomi Prins just posted a primer on nuclear power (and, by implication, the uranium mining stocks). Here’s an excerpt: The New Gold Rush: Unlock Uranium’s Soaring Demand Nuclear energy is the “Switzerland” of energy sources. It is increasingly popular with both sides of the political spectrum for several reasons. First, nuclear energy is […]
July 16, 2024 | “They” Will Do Anything To Win
“We’ll know our disinformation program is complete when everything the American public believes is false.” – William J. Casey, CIA Director (1981) The always mysterious question when trying to figure out what is happening in this insane world and why it is happening is who are “they”? In the current chaotic atmosphere, “they” are in […]
July 16, 2024 | Beware the “Relative Value” Trap
Over the past 32 months, economically sensitive small and medium-cap stock indices have underperformed the largest-cap tech-heavy indices (price x shares outstanding) to a degree not seen since the last tech bubble in 1998 through March of 2000. Indeed, global fund flows (shown below since July 2023, courtesy of The Daily Shot) have concentrated in […]
July 16, 2024 | KIM Questions the Assassination Attempt – It Does Not Add Up
July 15, 2024 | Struggling Consumers are a Tough Slog
Consumer spending drives just under 60% of Canadian GDP growth and consumer spending fell across all categories in June–discretionary and essential (shown below courtesy of RBC). Warm weather and declining interest rates did not entice spending as hoped. Overall, second-quarter retail sales were negative. Fewer Canadians have renovated their homes amid a sluggish housing sector, while […]
July 15, 2024 | The Speculator as Hero
Happy Monday Morning! We’re now in the dog days of Summer, a historically slow time for housing markets that is being compounded by weaker economic activity. The unemployment rate in Canada is up 1.6 percentage points from the lows, which is already a larger increase off the lows than in several recessions over the past […]
July 15, 2024 | Assassinations & Markets – Divided We Stand
The attempted assassination of former President Donald Trump is reverberating around the world, to say the least. Domestically, it depends if you are a Democrat or a Republican. Each camp naturally views the event through their personal view of the world, which is basically unchangeable. If aliens landed from another planet and started wiping […]
July 15, 2024 | How a Country Goes Bankrupt, In 10 Steps
Japan appears to have entered the inevitable fiat currency death spiral, where interest rates (and interest costs) rise while the currency falls. Fix one problem and the other gets worse, until the system breaks. Here, from March 2023, is a longer explanation: How a Country Goes Bankrupt, In 10 Steps The past few […]
July 14, 2024 | Attitude Adjustments
We are in the time of year when Americans pack transatlantic airliners for their European vacations. I had actually hoped to be one of them. That didn’t work out but we can still talk about events in Europe. And we probably should, because potentially major changes are happening. Maybe I should say more changes are happening. Europe has already […]
July 14, 2024 | Summer Doldrums It Ain’t
The dog days of summer have returned with a vengeance to Florida this year, especially in my home. The air conditioner’s condenser coil sprang a leak, which is hardly unusual considering that it’s eight years old. What is unusual, and causing more than a little inconvenience, is that the broken part will take a month […]
July 14, 2024 | China Prepares for War
China has begun using mock US fighter jets for target practice as revealed by new satellite images taken by Plant Labs. The images show F-35 and F-22 modeled aircrafts damaged on a test runway. This comes on the heels of NATO warning China to cease aiding Russia as a “decisive enabler.” The Chinese government fought […]
July 14, 2024 | Two Takes on the Assassination Attempt
A friend just emailed about the Trump assassination attempt, predicting that it guarantees his election in November. I tentatively agreed, and responded with a story: You’re too young to remember Ronald Reagan. But back in the 1980s, his political honeymoon was fading and his approval ratings were dropping. Then someone shot him in the chest, […]
July 13, 2024 | Trading Desk Notes For July 13, 2024
Do you believe in mean regression? The NAZ is up ~50% from last October’s lows, 100% from the 2022 lows, and >200% from the 2020 lows. It’s up ~20X from the 2009 lows. At what point does mean reversion kick in, or does that never happen? The S&P has closed higher for 11 of the past […]
July 13, 2024 | This Week in Money
- Ross Clark: Stock Markets, US Inflation, High Tech, Small Caps, Russell 2000, TSX, Cocoa, Uranium. Special Offer! 25% Off New Annual Subscriptions.
- Victor Adair: (20:30) Stock Markets, Currencies, Yen, Oil, Inverted Yield Curve, Recession
- Tony Mitchell: (1:20) Director of Marketing for RecycLiCo™ Battery Materials on Company Showcase – RecycLiCo’s Taiwan Joint Venture Generates Revenue Ahead of Expectations. The Difference Between Black Mass and Black Powder. Read the Latest News. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow. Norm explains the difference between Black Powder and Black Mass: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. View RecycLiCo’s Company Presentation.
July 13, 2024 | Tech Talk for Saturday July 13th 2024
The Bottom Line The Summer Rally continues. All-time highs were set by broadly based equity indices including TSX Composite Index, S&P/TSX 60 Index, S&P 500 Index, Equal Weight S&P 500 Index, Dow Jones Industrial Average, Australia All Ordinaries and Nikkei Average! Equity markets are responding to encouraging second quarter results released by major companies and […]
July 12, 2024 | The Most Splendid Housing Bubbles in Canada, June: A Rate Cut, and? Overall Prices Don’t Move, -14% from Peak, -3.4% YoY. Sales -9.4% YoY
The Bank of Canada cut its rates at the beginning of June, and not much happened in the Canadian housing market. Home sales rose by 3.7% in June from the beaten-down levels in May, seasonally adjusted. But year-over-year, home sales were down 9.4%, a sharper year-over-year decline than in May (-5.9%). New listings rose by […]