ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
October 24, 2024 | Do We Face a “Minsky Moment”?
Paul Tudor Jones, a well-known billionaire hedge fund manager, recently went on CNBC to warn about the impact of America’s soaring government debt. As reported by Kitco: The Tudor Investment founder and CIO expressed concerns that if the U.S. continues to spend beyond its means, a major sell-off in the bond market could ensue, leading to a […]
October 24, 2024 | Yellen Says Taxpayers Can Cover the US Deficit
I reported how the US deficit reached the third-highest on record after surpassing $1.83 trillion. Instead of questioning why the deficit rose 8% in a single year, the government believes that the taxpayers should simply pay MORE into the failing system. Treasury Secretary Janet Yellen declared that she is not concerned about the widening […]
October 24, 2024 | Peaking Stock Market Rally a “Time Bomb”?
US Dollar to bottom late this year or early next year?
October 23, 2024 | Switzerland is No Longer Neutral
“Neutral like Switzerland” can no longer be a saying as the Swiss government has announced it is joining the European Sky Shield Initiative (ESSI) to develop a shared missile defense system across Europe. Switzerland is neither an official member of the European Union nor a member of NATO. Yet, the nation forfeited its neutrality stance […]
October 23, 2024 | The Trouble with Central Bank Rate Cuts
On September 18, the US Fed cut its overnight target rate by 50 basis points (bps), and risk markets went wild. Stock and corporate debt prices have risen to more all-time highs, and real estate bulls rejoice that lower interest rates will reignite loan demand and save highly leveraged property markets. The trouble is that […]
October 23, 2024 | Recession Watch: Bonds Don’t Trust the Fed
This first thing isn’t supposed to happen: When the Federal Reserve cuts short-term interest rates, long-term rates generally fall in tandem. But since the Fed’s “shock and awe” 50-basis point cut in September, bond yields have spiked: Bond traders appear to doubt the Fed’s ability to lower rates and hold inflation in check. That’s bad in the […]
October 22, 2024 | About That: Should Baby Boomers Get More Government Money?
Aged populations are ballooning government deficits in most countries. The Bloc Québécois has threatened to force a snap election if Canada’s federal government doesn’t increase Old Age Security payments for people between the ages of 65 and 74 by 10 per cent. Andrew Chang breaks down the dilemma before the Liberals and why economists say […]
October 21, 2024 | Biden Blames Trump for his $1.8 Trillion Deficit – What Propaganda
I am sick and tired of all the constant lies. The Biden Administration blames Trump for its $1.8 trillion deficit. The interest expenditures will be about $1 trillion alone. Now, if you just accept that at face value, you are part of the problem when the United States will crash and burn. This makes it […]
October 21, 2024 | Grantham: The Bigger The New Idea, The More The Market Overshoots
For those able to hear truth and facts… Today on the podcast, we’re delighted to welcome back Jeremy Grantham. Jeremy is the long-term investment strategist at his namesake firm, Grantham, Mayo, Van Otterloo & Co., or GMO, which he cofounded in 1977. Here is a direct audio link. “Bubbles and enthusiasm, ecstasy, they’re all kind of […]
October 21, 2024 | Jumbo Cuts
Happy Monday Morning! Some good news on the inflation front. Headline CPI cooled to 1.6% in September, slower than the median estimate of 1.8% in a Bloomberg survey of economists. For the first time since February 2021 inflation is now below the central bank’s 2% target and has been within its target range for nine […]
October 20, 2024 | Frozen Homes
Official inflation data, while imperfect in many ways, at least has the advantage of being consistently imperfect. This lets us make comparisons across time. The magnitude may be off, but the direction is usually right (except at unusually sharp turns like 2020). Currently it shows most prices moving back toward “normal” with one prominent exception: housing, which […]
October 20, 2024 | Investors Go All-In for Trump
Wall Street has gone all-in for Trump, piling up such extravagant gains in the last few weeks that one might wonder what bold miracles investors expect of him. More likely, unfortunately, is that within a year or two of taking office, he will be overwhelmed by the collapse of a financial bubble that required only […]
October 20, 2024 | Can Biden Declare Marshal Law To Suspend the Election?
QUESTION: Marty, you are a constitutional scholar. I heard your father was quite brilliant and defended the Constitution, even going against McCarthy. I would like to hear your legal opinion on the topic: Can Biden declare Marshal Law like Zelensky and postpone the election? DR ANSWER: YES! The question of the constitutional status of […]
October 20, 2024 | Time To Overwhelm Them With Thought Crimes
“Thoughtcrime was not a thing that could be concealed for ever. You might dodge successfully for a while, even for years, but sooner or later they were bound to get you”. – Orwell’s 1984 “They do not even need evidence to condemn someone they believe is guilty”. – Orwell’s 1984 Many people have joked that […]
October 19, 2024 | Michael Moore Shows Why The USA Cannot Survive as One Nation
I never had an opinion of Michael Moore one way or the other. But I fear that his writing to President Biden claiming he has absolute immunity because of the ruling with respect to Trump sadly illustrates just how ignorant many Democrats are and how hateful they have become. The Immunity Ruling with respect […]
October 19, 2024 | This Week in Money
- Ross Clark: Stock Markets, Silver, Uranium, Gold, Oil, USD, Canadian Dollar. Special Offer! 25% Off New Annual Subscriptions.
- Martin Armstrong: (12:20) Insurance Stocks, Europe, Middle East, US Civil War.
- Hilliard MacBeth: (1:01:30) Canadian Real Estate, Stock Market, US Presidential Election.
October 19, 2024 | Tech Talk for Saturday October 19th 2024
The Bottom Line Better than consensus third quarter results released last week by 14% of S&P 500 companies prompted North American equity indices to advance to all-time highs. Analysts were less convinced. They lowered third quarter consensus earnings estimates again. Frequency of quarterly corporate reports ramps up this week. Another 112 S&P 500 companies (including […]
October 18, 2024 | The U.S. Election is Too Close To Call
The U.S. election on November 5 2024 is touted as a major event, as the policy and style differences between the two candidates are unusually large. Given how close the polls are — within the margin of error — there is a high degree of uncertainty and trepidation over this vote. Who will win? The […]
October 18, 2024 | Silver Tests $33 — For the First Time In a Decade
The standard silver pitch is that when gold goes up, stackers note the immense number of silver coins they can get for the price of a single gold Krugerand or Maple Leaf. Then they proceed to pile into the cheaper metal, sending its price up by multiples of gold’s subsequent percentage gains. But this time […]
October 18, 2024 | Insurers Stung By Florida Hurricanes
Costco now selling Platinum as well as Gold
October 17, 2024 | WTI Drops US$8/b Over Last Week As Israel Agrees Not To Attack Iran’s Nuclear Or Energy Facilities
Military tensions are picking up around the world and any miscalculation could expand the war fronts. It is not just the Middle East and Ukraine. China and North Korea are flexing their military muscles and worrying their neighbors. US pressure on Israel has succeeded in getting the IDF to agree not to attack Iran’s nuclear […]
October 17, 2024 | Financial Risk at Historic Highs–What’s Your Plan?
US Auto loans that were more than 90 days delinquent in the second quarter were the highest since the second quarter of 2010 (blue line below since 2004, via Arbor Research and The Kobeissi Letter). Auto loan debt held by Americans rose to a record $1.63 trillion (red line), 92% above 2008 levels, while auto […]
October 17, 2024 | Just a Handful of Stocks Boosting Dow Higher
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October 17, 2024 | Stats Show Higher Unemployment After Fed Rate Cuts
Should you be pulling your rainy day funds from the stock market?
October 17, 2024 | Is the Stock Market Anticipating a Trump Victory?
The strain on the grid from AI will be incredible