December 31, 2024 | Next Decline In Crude Prices Below US$68/b Should Trigger A New Long Term BUY Signal For The Sector
The Biden administration is leaving in three weeks and they continue to spend all the funds authorized by Congress and that the President can spend under Presidential authority. The result may be that the incoming administration comes in with a run rate of a US$3T+ deficit and all Biden’s favourite programs (climate, more government hiring […]
December 31, 2024 | Recession Watch: Broke Consumers, Tanking Houses
The money Americans saved during the pandemic is gone. And for many, that now means borrowing to make ends meet. Credit card debt set to hit record levels as consumer holiday spending rises (CNBC) – Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach […]
December 31, 2024 | Home Builders Report Biggest Spike in Unsold Homes in a Decade
Home builders across America like Lennar and DR Horton are issuing massive warnings about the US Housing Market in 2025. Most recently, Lennar signaled a big decline in revenue YoY and a huge pile-up of homes for sale. Housing markets like Florida, Texas, and Arizona are most in the cross-hairs of this home-builder downturn. Access […]
December 31, 2024 | NATO & Invoking Article 5
COMMENT: Martin, I must admit, I have never read NATO article 5 until this morning while reading your post from yesterday. Looking at the actual wording, it seems to me that the whole article revolves around one little word, namely “it”. In this case, it refers to each NATO member nation in the case […]
December 31, 2024 | The Future’s Uncertain and The End is Always Near
“The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the […]
December 30, 2024 | The Second US State to Tax Fossil Fuel Companies
New York state has enacted a bill to extort fossil fuel companies in the name of climate change. Governor Kathy Hochul believes the bill will generate $75 billion in funds for the state over the next 25 years, which she claims will be used to fight climate change. Why would any energy company want to operate out […]
December 29, 2024 | Art of the Collapse, January 2025
December produced a lot of surprises. President Biden pardoned his son…for an oddly specific period of time: United Health, a previously obscure insurance company, became a hot topic: Frustration about American health care produced a French Revolution-style path to popularity: Luigi Mangione To Host Next Week’s Episode Of ‘SNL’ (Babylon Bee) – In a move intended […]
December 29, 2024 | Live Free and Don’t Die
As I said last week, I am working on a book outlining five different theories on historical cycles and how they all seem to “climax” around 2030. I’m also very concerned that around that time (if not before), we will see the bond market begin reacting to the increasingly large national debt. I came across […]
December 29, 2024 | My Predictions for 2025? You Don’t Want to Know.
I’m making no bold predictions for 2025, since getting it right in these way-too-interesting times is like trying to guess when a ticking time bomb will explode. When it does, the shrapnel will pop an economic bubble so pumped with folly, greed and hubris that only a Wall Street shill or a madman could believe […]
December 29, 2024 | Gold Clause & CBDC
QUESTION: Regarding CBDC, will they convert all the savings/cash in your bank account, will they convert everything in your brokerage accounts (all stocks etc.) will they go after gold and silver you have in storage (Brinks, for example)? KS ANSWER: Everything will be converted to the new CBDC. The money in your bank account is already just […]
December 28, 2024 | Canada Moving for a NO CONFIDENCE Vote to Throw Out Trudeau
The C$ is poised to finally elect a Yearly Sell Signal (Bearish Reversal) warning that Canada may not bottom out until 2026. Even if Trudeau is removed from office, will that prevent the Decline & Fall of Canada into 2026? We will deal with these questions and more in our annual report on Canada for […]
December 28, 2024 | This Week in Money
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December 28, 2024 | Tech Talk for Saturday December 28th 2024
The Bottom Line Equity indices around the world bounced from short term deeply oversold levels last week, led by Far East markets. Economic News This Week December Chicago PMI released at 9:45 AM EST on Monday is expected to improve to 42.8 from 40.2 in November. November U.S. Construction Spending released at 10:00 AM EST […]
December 27, 2024 | Why & When NATO Treaty Should be Terminated to Prevent WWIII
The heart of the North Atlantic Treaty is Article 5, which contains two major problems. Yes, Article 5 proclaims that an attack on any member of the Alliance will be considered an attack on all. To justify a full NATO response, it is imperative that any member of NATO create some sort of event […]
December 27, 2024 | Artificial Intelligence Just Revolutionized Politics
Last week’s battle over a continuing resolution (CR) to fund the US government into 2025 got a lot of press coverage, much of it unfavorable. But one aspect of the saga was both underreported and, well, revolutionary. Normally, Congress waits until the government is on the verge of shutting down before releasing a thousand+ page monstrosity of […]
December 27, 2024 | Gold Shares May Be More Profitable Than the Metal
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December 27, 2024 | A New Interpretation for “Markets Going to Pot”
Is AI the new dot com bust?
December 26, 2024 | Next Decline In Crude Prices Should Trigger A New Long Term BUY Signal For The Sector.
The official US President Joe Biden is not being seen and his vacuum is being filled by President elect Trump and his entourage led by Elon Musk (seen by Democrats as either the President or Trump’s Prime Minister). Biden lieutenants are looking for new ways to degrade or demean Trump before he takes office. However […]
December 25, 2024 | When the US Government Defaulted on its Bonds
The first three Liberty bonds and the Victory Loan, sold to fund World War I, were indeed retired during the 1920s. However, because the terms of the bonds included a Ponzi Scheme that allowed the bondholder to swap them for the newer bonds, with superior terms, most of the debt from the first, second, […]
December 24, 2024 | Moderna Creates new mRNA Vaccine
If the aftermath of the first widespread mRNA vaccine was not enough to deter the public, the government and the Centers for Disease Control and Prevention (CDC) partnered with Moderna to create a new DNA-altering vaccination for the bird flu. And here we go again – Moderna said that their most recent vaccine is specifically […]
December 24, 2024 | Housing Bust: Builders Are Slashing Prices
In early 2023, the stars appeared to align for another housing bust. Home prices were crazy high, consumers were over-indebted, and mortgage rates were rising towards the dreaded 7% level. Add it all up, and a bust at least as dramatic as that of 2007/2008 — when homebuilder stocks fell by 80% — seemed imminent. […]
December 24, 2024 | Grantham on the Baby Bust
It is no secret that population dynamics significantly impact global stability. But what’s really behind today’s shifting global birth trends, the increased need for medically-assisted pregnancy, and the changing age demographics of industrialized nations? Furthermore, what are the implications of these shifts for future economic security? Today, Nate is joined by investment strategist Jeremy Grantham […]
December 23, 2024 | To the Housing Minister
Happy Monday morning! Chaos in Ottawa. Not a whole lot more to add on the subject that you haven’t already read. Freeland is out, the budget exceeded its fiscal guardrails by more than 50%, and we are likely heading for an early election in the New Year. Until then, the Trudeau government has shuffled the […]
December 23, 2024 | Health Prepping: Stop Poisoning Your Family
For readers who are busy planning Christmas dinner, let’s get right to it: You might be poisoning yourself and your family. Because “poison” is exactly what many popular “ultra-processed” foods are. Consider: How Do Processed Foods Affect Your Health? (WebMD) – Highly processed food may put you at a higher cancer risk. One study found that your risk of […]
December 22, 2024 | Larry’s Commentary
Wednesday’s brutal response to a mildly hawkish Federal Reserve rate announcement triggered two opposite market signals. First, the sell-off told us that the great secular bull market that began in 2009 is over. Second, the extraordinarily intense selling generated oversold readings that were bound to produce a short-covering rally, as they indeed have. The stock […]