July 6, 2024 | Tech Talk for Saturday July 6th 2024

The Bottom Line The Summer Stock Market Rally from late June until at least the end of July has started. Corporate focuses this week are on second quarter results released on Friday by U.S. money-centered banks (including JP Morgan Chase, Wells Fargo, Citigroup and Bank of New York Mellon): According to www.FactSet.com “Bank earnings season […]

July 5, 2024 | Fed Balance Sheet QT: -$34 Billion in June, -$1.74 Trillion from Peak, to $7.22 Trillion, Lowest since November 2020

otal assets on the Fed’s balance sheet dropped by $34 billion in June, to $7.22 trillion, the lowest since November 2020, according to the Fed’s weekly balance sheet today. Since the end of QE in April 2022, the Fed has shed $1.74 trillion. At its FOMC meeting in May, the Fed outlined how it will slow […]

July 5, 2024 | An Early Indicator of Recessions is Very Useful For Investors

On July 5, 2024, the unemployment rate in the U.S. was announced at 4.1 percent. This report appears to have triggered an extremely reliable recession indicator.   The Sahm Rule, named after former Federal Reserve economist Claudia Sahm, says that if the unemployment rate rises by 0.50 percent from the bottom a recession has already […]

July 5, 2024 | Study: Vaccines had “NO Beneficial Effects”

    YouTube recently removed an interview I participated in with Palisades Radio for mentioning this study. I have posted the video on Rumble at the bottom of this article and it can also be found on X and Spotify. “Differential Increases in Excess Mortality in the German Federal States During the COVID-19 Pandemic”conducted by Christof Kuhbandner, PhD, Professor […]

July 5, 2024 | US Commercial Stocks Fell Sharply Last Week Lifting WTI Prices. Exports Rose To 4.4 MB/D.

Politics is front and center as the debate last week showed President Biden is not up to the job now and definitely not for a second term. Even members of his own party are disillusioned and are looking for someone to grab the baton at the August Democratic convention (August 19-22). Elections in the UK […]

July 5, 2024 | Treasuries See Recession-Style Employment Trends, Stocks Should Too

The US unemployment rate in June ticked up to 4.1% (from 4% in May, red line below since 2021, and 70 basis points above the 3.4% cycle low in 2022). Full-time job creation fell to a 39-month low and part-time job creation reached a 33-month high while April and May job estimates were revised lower. […]

July 5, 2024 | Are Canada and US in Recession?

The current bubble of everything likely to burst this fall

July 4, 2024 | Where You Store It: Choosing a Country for Offshore Gold

Deciding to store gold and/or silver offshore is just the first step in a long process. Choosing a country and a storage service, then contracting to buy or ship the metal, are all make-or-break decisions. And very few newcomers to offshore storage understand everything. So here’s a just-released article from offshore specialist Nestmann Group that answers the […]

July 4, 2024 | Real Estate Bust Has Compound Impacts

The Greater Toronto Area (GTA) is home to approximately 8 million Canadians (about 20% of the country’s population) which account for some 20% of Canada’s Gross Domestic Product (GDP). For context, the GTA is as important to Canada’s economy as the eight largest US cities are to the American economy. In terms of provincial per […]

July 3, 2024 | The Reason Biden Was Permitted to Debate Trump

  The first presidential debate of the year was a humiliating moment for our nation. Does one even need to bother discussing the questions mentioned when the public was in utter shock at the current president’s physical and mental state? Joe Biden was sent to the podium as the sacrificial lamb of the DNC. His […]

July 3, 2024 | From the Archives: Ancient Evil…

As this newsletter’s archives expand, it’s becoming clear that some posts didn’t age well at all. They should stay buried. But others were early and have actually become more relevant as things unfold. So once a week I’m going to republish one of the latter posts The following (from July 28, 2023) needs no explanation in light […]

July 3, 2024 | What the Mainstream Media Doesn’t Tell You

• Anita Krishna: Did you get the real story during the “pandemic”?

July 3, 2024 | Palladium The Latest Hot Metal

Meme stocks

July 2, 2024 | Trump’s Sentencing Called in Question Moved to September

We have a MOST interesting problem in this New York case where Trump was found guilty on 34 counts concerning the falsified documents that were created in 2017, while President Trump was in office as President. Trump’s lawyers are NOT arguing that the Trump Organization checks the president signed were official duties. However, the prejudice of the prosecutor and […]

July 2, 2024 | Art of the Collapse, July 2024

FBI Firearm Training Facility Replaces Paper Targets With Copies Of The Constitution Babylon Bee, Washington, D.C. — In a completely innocuous and in no way concerning recent update, the FBI Training Facility for Firearms and Small Weaponry has replaced all of its paper targets with copies of the Constitution of the United states. According to […]

July 1, 2024 | Supreme Court Rules on Trump’s Immunity

  Trump Immunity Decision The Supreme Court’s decision on Trump’s immunity is out today. The Supreme Court ruled 6–3 that presidents enjoy immunity from criminal prosecution for official, but not unofficial, acts. They also noted that even comments that he thought the election was rigged as so many other people, “So most of a President’s […]

July 1, 2024 | Hussman on Thoughtful Money

Happy Canada Day! Today’s guest is one of those who smartly navigated the past 2 great market corrections. He now thinks we stand at the precipice of a 3rd — and he’s ringing a bell for anyone who will listen. To hear why and what he advises we do about it, we have the great […]