ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
December 3, 2024 | Europe is Falling, and France Is Leading the Way
Fiat currency systems usually end with debts soaring to unmanageable levels and governments powerless to stop the resulting carnage. Japan and the US will get there eventually. But Europe is tipping into the abyss in real time. Germany’s self-inflicted deindustrialization is a mess so vast (and sad) that it will get a post of its […]
December 3, 2024 | California’s Energy Surplus
Californians pay a fixed rate for their energy grid, but the state has been harvesting a surplus to the point that operators are forced to offload the energy to neighboring states that purchase it at a discount or even receive it free of cost. Governor Gavin Newsom praised California for advancing its energy storage […]
December 3, 2024 | The Unbearable Weight of Home Prices
About 15 million, or 37% of Canada’s 40 million people, live in the Vancouver, Toronto, and Montreal areas, three of the top seven least affordable cities in America and Canada. Over 25% live in the two least affordable cities—Vancouver and Toronto—where the average sale price in 2024 was 12.7x and 10.7x the median household incomes […]
December 2, 2024 | Backward Looking Recession Indicators
Is the U.S. in the heat of a recession right now? A recent jump in bankruptcies resembles that of the Great Financial Crisis, Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, tells Jeremy Szafron, Kitco News anchor, on the sidelines of the New Orleans Investment Conference. Booth discusses a range of topics, including […]
December 2, 2024 | The Rental Boom
Happy Monday morning! We’ve been talking a lot about the weakness in the rental market. Rents are declining in some of Canada’s largest major metros. In Toronto and Vancouver asking rents have dipped close to 10% over the past year. Part of this is from a massive boom in rental housing development. Per RBC, we […]
December 2, 2024 | Why Hunter’s Pardon Can Take Down Biden Himself
QUESTION: Biden said he would not pardon Hunter, and then he did. Was this not a slap in the face to the Democratic Party that will contribute to its breakup, as you have warned? JM ANSWER: It is worse than you think. This could backfire, for it was not a pardon for Hunter as much as it […]
December 1, 2024 | Art of the Collapse, December 2024 Peanut the Squirrel and WW III
Hypersonic missiles are flying, the people (still!) in charge are strangely okay with that…and Peanut the Squirrel dies tragically. New York Authorities Announce Peanut The Squirrel Died Of COVID (Babylon Bee) – Following the public outcry about the state’s Department of Environmental Conservation raiding a local man’s home and euthanizing his pet squirrel who had hundreds of thousands […]
December 1, 2024 | Cut $2 Trillion from the U.S. Budget…or What?
Let’s hope Musk and Ramaswamy have been paying close attention to David Stockman’s ten-part series on how to cut the U.S. budget before America spends its way into bankruptcy. Stockman was Reagan’s budget director in 1981-85 and is eminently qualified to spell out the tough reforms needed to force the U.S. to live within its means. He […]
December 1, 2024 | Canada’s Migrant Crisis Costs Rise to $16 Billion Annually
I have warned that there will be an exodus of migrants fleeing the United States for Canada in the wake of Trump’s presidency. The Immigration and Refugee Board of Canada said that the sheer volume of asylum seekers has spiked to the highest on record, with the number of cases rising from 60,000 annually to […]