ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 4, 2024 | Pigs at the Trough
Happy Monday Morning! We do our best to steer clear of politics in this newsletter. However, housing is political. Housing is impacted by all levels of government, from the federal government at the top, the provincial government in the middle, and all the way down to your municipal council member. Our housing crisis is largely […]
November 4, 2024 | Our Fragile Infrastructure: Lessons From Hurricane Helene
Asheville, North Carolina is known for its historic architecture, vibrant arts scene and as a gateway to the Blue Ridge Mountains. It was a favorite escape for “climate migrants” moving from California, Arizona, and other climate-challenged vicinities, until a “500 year flood” ravaged the city this fall. Hurricane Helene was a wakeup call not just […]
November 3, 2024 | Home Sales Reach 14-Year Low in the US
The home buying frenzy seen during the pandemic years has ended. We are no longer in a seller’s market as the tides have shifted. The National Association of Realtors reported that home sales in the US slowed to a 14-year low this September. Sales declined 3.5% on an annual basis. Existing homes declined 1% on a […]
November 3, 2024 | A Canny Silver Bull Trades Ingots for T-Bonds
[The author of this week’s commentary is an old friend who worked his way up from exchange-floor clerk to commercial real estate mogul over the time I’ve known him. He has demonstrated remarkable timing, courage and patience as an investor, buying commercial real estate at the bottom of the 2007-08 crash and holding it until […]
November 3, 2024 | One-Way Road to Crisis
Anyone else ready for the election to be over? This uncertainty is exhausting, no matter how you want it to end. But sadly, it won’t really end. We will just transition to a different uncertainty over what will happen next. I will offer my thoughts on the election at the end of this letter, after […]
November 2, 2024 | Trading Desk Notes for November 2, 2024
Bond yields have risen sharply since the Fed cut short rates on September 18. When the Fed cut rates in September, the 10-year yield was ~3.6%, an 18-month low. It was ~80 bps higher at 4.4% at Friday’s close. In October 2023, the yield was ~5%, a 16-year high. In this daily chart of the 10-year […]
November 2, 2024 | Trump Wins, Eliminates Federal Income Tax, Economy Booms – This is Important
Link to Interview. This was the Tax Reform Proposal for Congress in 1996. It set the stage for the abolishment of the Income Tax, the introduction of the Consumption Tax, and the restoration of the tax system prior to Marxism. The proposal in its entirety is provided here in PDF format, Parts 1 to […]
November 2, 2024 | Becoming Invisible, Part 15: Don’t Let Roomba See You Hide Your Gold
Yes, your new car tracks your location and records your conversations. Your smart speaker listens to and records your conversations. Your TV watches you while you watch it. Virtually every new device we install in our increasingly high-tech homes collects data and (at least potentially) sends it to criminals, corporations, and/or governments to use however they like. […]
November 2, 2024 | This Week in Money
- Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar, Euro. Special Offer! 25% Off New Annual Subscriptions.
- Marc Faber: (10:49) US Election, Income Tax, Tariffs, Gold.
- Allan Mark Angell: (38:57) Luxury Real Estate, Foreign Buyers, Vancouver Area Home Sales.
November 2, 2024 | Tech Talk for Saturday November 2nd 2024
The Bottom Line Focus this week is on results from the U.S. election on November 5th. Consensus calls for a “dead heat” for election of the President and the House of Representative and a narrow win by the Republicans for the Senate. Chances are high that final results will not be determined this week. Multiple […]
November 1, 2024 | Britain in An Unprecedented Economic Decline into 2026
Aside from the collapse in Starmer’s popularity, he has confirmed our forecast for Britain. The left never saw someone they did not want to shake down for money. In the US, we have Trump talking about eliminating the income tax, which I worked on during the Nineties and even testified on taxation before the […]
November 1, 2024 | The Great Mortgage Reset in Canada will Hit Hard
Canadian policy makers are worried about potential weakness in the economy due to higher interest rates. One of the biggest challenges facing Canadians is the increase in monthly payments that comes with higher rates. Although there have been four Bank of Canada rate cuts this year, mortgage rates have not come down as much as […]
November 1, 2024 | Will it be “Different This Time” for Stock Markets?
Junior Gold stocks have been great way to enjoy Gold’s rise