ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
August 24, 2024 | Tech Talk for Saturday August 24th 2024
The Bottom Line Responses to Federal Reserve Chairman Powell’s Jackson Hole comments triggered significant buying in North American equity markets on Friday. According to Powell, “The time has come to adjust our restrictive monetary policy”. His comments implied that the FOMC likely will start to lower its Fed Fund Rate at its next meeting on […]
August 23, 2024 | RFK Endorses Trump & Will Join His Cabinet
COMMENT: Congratulations. You are the only one who has been pushing this for months. What position will he take in Trump’s Cabinet? FK ANSWER: I want to thank everyone for all of their support. I may have been the first behind this issue. But this is not merely because I said so. RFK was only 6 […]
August 23, 2024 | About That: Record Developer Insolvencies in Canada
Over the last year, more than 200 real estate developments in Canada became insolvent. Andrew Chang explains why, at a time of high demand for housing, a growing number of projects are falling through. Here is a direct video link.
August 23, 2024 | A Trump or Harris Win Could Lead To Very Different Outcomes
The U.S. election is less than 80 days away. The race is a dead heat, but only one of them will win and the impact on markets and the economy may be very different depending on who wins control of the White House, the House of Representatives and the Senate. Will a Trump or Harris […]
August 23, 2024 | Fed Promised Cuts Will Not Take You to the Promised Land
Charts and Markets has some interesting Gold Juniors
August 22, 2024 | Trump Explains Why the Establishment HATES Him
@dudetv Theo Von had donald Trump on his podcast #theovon #foryou #foryoupage #trump #funny ♬ original sound – DUDE ✓ We already know why the establishment hates Donald J. Trump. Socrates predicted a third party candidate would win the 2016 US Presidential Election. A Democrat turned Republican, Trump does not stand with either party as […]
August 22, 2024 | Toronto Condos Aren’t Selling
Mortgage rates are historically average today, but too high prices and insufficient household income levels remain a problem. Welcome to a buyer’s market without buyers. Condo sales in the GTA are down, according to the latest data from the Toronto Regional Real Estate Board, but the number of condos on the market is up. With […]
August 22, 2024 | Inflation in One Lesson
The high cost of living is the #1 financial problem for Americans today – and Milton Friedman’s explanation for inflation is probably close to the mark. In this 39 second video, Friedman claims that too much government spending and too much govt money creation is what causes inflation. “Consumers don’t produce inflation. Producers don’t produce […]
August 22, 2024 | Markets in a Potentially Dangerous Time
US Government admits it “cooked” positive job numbers. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
August 22, 2024 | In Reality, We’re Already in Recession
Canada sees a record number of developers go under
August 22, 2024 | Which Stock to Watch to Catch Market Peak
Crude not reacting to world Geo-political events
August 21, 2024 | A World Priced In Gold
Pretend, for a moment, that it’s 1971 and you’re President Richard Nixon (admittedly disturbing fantasies, but bear with me). You face the perennial government income/outflow dilemmas, and other countries, noting your struggle, are trying to cash their dollars in for your limited pile of gold bars. But this time around you don’t cave and “close […]
August 21, 2024 | Extreme Over-Valuations Suggest Years of Negative Returns
At 35x the average of the past decade’s earnings, adjusted for inflation, the S&P 500 basket of stocks is the third most expensive since 1871 (CAPE, in blue below, versus long-term interest rates in red, courtesy of Shillerdata.com). It is pricier than at the 1929 secular peak and more than twice the long-term median of 16x […]
August 21, 2024 | The Propaganda Behind Crypto
Now all we hear is how banks are suddenly investing in things like BITCOIN. The propaganda is just stunning, for it has once again proven that Julius Caesar was right more than 2000 years ago, and nothing has ever changed. Things like BITCOIN are a religion, and that is the problem. It would be […]
August 20, 2024 | Where You Store It: Don’t Trust, and Definitely Verify
When negotiating with the Soviet Union, Ronald Reagan’s oft-repeated slogan was “Trust, but verify.” Something similar applies to the world of precious metals, especially remote storage firms. But let’s go even further to: Don’t trust, and always verify. Here’s an example of why: A San Diego couple thought they’d invested in gold. Instead, they and hundreds of others […]
August 20, 2024 | Lucid Motors CTO Rawlinson on the Evolution of Electric Vehicles
Bloomberg Radio host Barry Ritholtz speaks to Peter Rawlinson, chief executive officer, chief technology officer and member of the board of directors at Lucid Motors Inc., where he is responsible for the company’s strategy and execution, as well as the creation and delivery of all Lucid products. Before Lucid, Peter was vice president of vehicle […]
August 19, 2024 | Kamala’s Economic Plan Will Destroy the US Economy & Lead to Food Shortages
Kamala Harris’ father was basically a radial communist. She is not far from her father’s ideas, any more than Bill Gates is different from his father’s fears of population when he created Planned Parenthood and stuck them in minority areas to reduce the population of blacks. No matter how many times Socialism has […]
August 19, 2024 | Keeping the Lights On
Happy Monday Morning! Big news on the housing supply front. Housing starts surprisingly rose to the highest level in more than a year. Construction was started on an annualized 279,509 units in July, according to CMHC. That’s the highest level since June 2023, and exceeded the 245,000 units expected by economists. Downturn? What downturn? Source: […]
August 18, 2024 | A Head Fake, Maybe
In basketball and other sports, a “head fake” means the player moves their head as if they are about to turn left or right, but then doesn’t do so. This can fool an opposing player into moving the wrong way. Head fake is a trading term, too. Some bit of information convinces investors a market […]
August 18, 2024 | Is Copper a Broken Story — Or Better Than Ever?
After a nice run in the first half of this year, copper suffered a serious correction, leading some to wonder if this story is broken: A recent post by commodities analyst Rick Mills answers that question. Here’s an excerpt from the (much longer) article: Benchmark Mineral Intelligence (BMI) forecasts global copper consumption to grow 3.5% to 28 million […]
August 18, 2024 | Time for a Holiday…
[I’m taking a summer break, so this will be my last commentary until after Labor Day. It will be the usual busman’s holiday for me, however, and actionable ‘touts’ for popular symbols will be updated ‘round-the-clock as always. Some recommendations will be accessible to non-paying subscribers, so be sure to check the home page regularly, especially if […]
August 17, 2024 | The Second Great Depression?
The coming economic collapse will not resemble the Great Depression. Yes, we are in a recession – but it will not be reminiscent of the Great Depression that began in 1929. For you see, the landscape is entirely different now. America was transitioning from an economy based on agriculture to industrialization. About 40% of […]
August 17, 2024 | $50K of ‘Value-Add’ For Only $8K
Remodeling your kitchen doesn’t have to cost you $50K (or more). Instead, you can do it for $8K – and the job will look EXCELLENT. Here’s how you can do it 1. Demo the existing counter tops and remove the cabinet doors and drawer fronts. Cost: $0.00 because you do it. 2. […]
August 17, 2024 | This Week in Money
- Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar. Special Offer! 25% Off New Annual Subscriptions.
- Mark Leibovit: (8:37) Yen Carry Trade, Interest Rate Cuts, US Economy, US Election. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
- John Rubino: (57:44) Recession, Gold, Gold Miners, War, Russia, China.
August 17, 2024 | Tech Talk for Saturday August 17th 2024
The Bottom Line Focus this week is news from the Jackson Hole Symposium starting on Friday. Federal Reserve chairman Powell is expected to offer an outlook on U.S. inflation rates, employment rates and timing of a possible reduction in the Fed Fund Rate. Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.com Quarterly […]