ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 26, 2024 | Regulating Crypto Under Premise of Climate Change
Governments are enacting subtle regulations over crypto. Texas has come out to demand that crypto miners report their power usage to the Electric Reliability Council of Texas (ERCOT). The state claims they need this information to regulate its volatile power grid. Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson stated that miners must provide […]
November 26, 2024 | The Hard Math of Election Promises
2024 was about election promises. 2025 will be about the math of delivering. This segment looks at tariffs, taxes and spending cuts. With hedge fund manager Scott Bessent poised to be the next U.S. Treasury Secretary under the incoming Trump administration, ambitious plans are emerging to slash the national deficit-to-GDP ratio. But can they succeed? […]
November 26, 2024 | Health Prepping: How to Offset All That Sitting
By now we’ve all seen at least one article titled “Sitting is the New Smoking.” That’s a clever title that instantly engages the reader. It’s also apparently true. People who sit for most of the day tend to have all kinds of circulatory and metabolic problems that frequently end up killing them. Here’s an overview […]
November 25, 2024 | Keystone XL Pipeline Revival?
Do you recall when America was energy independent? One must only think back a few short years before Joe Biden entered the White House and suppressed the nation’s ability to generate energy in the name of climate change. There were increased regulatory burdens, halts on new oil and gas leases, and a shift to […]
November 25, 2024 | On The Edge of World War 3
So in his last act before shuffling off the stage, the US president … greenlights Ukraine’s use of long-range missiles to strike deep into Russia. The latter then fires — for the first time ever — a hypersonic ICBM capable of delivering a nuclear payload to pretty much anywhere in a matter of minutes. And just like […]
November 25, 2024 | Capital Preservation
Happy Monday Morning! Last week we penciled a newsletter titled Wildly Offside, in which we highlighted new research from the Parliamentary Budget officer. As we had noted below, The PBO had previously reported that Canada needs to build another 1.3 million homes by 2030 to close the housing gap — and today it says the revised […]
November 25, 2024 | About That: Why is the Loonie So Low?
The Canadian dollar is now at its lowest point since the peak of the COVID-19 pandemic, and analysts predict it could fall below 70 cents US in the coming months. Andrew Chang explains why the dollar’s value has fallen so much and the impact it could have on everything from travel plans to interest rates […]
November 25, 2024 | Disrupt, Defund, Deport, Deny, Destroy
“At home, fellow citizens, you best know whether we have done well or ill. The suppression of unnecessary offices, of useless establishments and expenses enabled us to discontinue our internal taxes. These covering our land with officers, and opening our doors to their intrusions, had already begun that process of domiciliary vexation which, once entered, […]
November 24, 2024 | Rhyming History: Rome’s Hyperinflation
As the old saying goes, “History doesn’t repeat, but it does rhyme.” Which means there are plenty of lessons to be learned from our ancestors’ screw-ups. This post is the first in a series covering some of humanity’s more useful cautionary tales. The logical starting point is of course ancient Rome, with its many disturbing […]
November 24, 2024 | Waste, Fraud, and Abuse
Politicians and think-tank wonks of all stripes love to condemn government “waste, fraud, and abuse.” But saying it isn’t hard. Who is the opposition? No one says we need more waste, fraud, and abuse. We’re all 100% agreed all three are bad. It’s when you get specific—saying this agency or that program isn’t accomplishing what it should—that […]
November 24, 2024 | Let’s Execute a Few Internet Scammers!
Have you heard from “Cleo Kenmille” or “Caroline Johnson”? If not, consider yourself fortunate. Those are pseudonyms used by a crew of shitbags who work out of bucket shops that lie beyond the reach of international law. Their job is to steal money from you or anyone else who is familiar with PayPal, the online […]
November 24, 2024 | DEA Suspended from Robbing Airline Passengers
The Drug Enforcement Administration (DEA) has been criminalizing airline passengers since the Patriot Act gave them the permission to treat everyone as a suspected terrorist. The Justice Department has finally suspended the DEA from most passenger searches after an investigation revealed that the DEA was perhaps violating the Constitution with illegal and warrantless searches. […]
November 23, 2024 | Trading Desk Notes for November 23, 2024
American exceptionalism: US stocks have hugely outperformed the rest of the world. The S&P is up ~46% from its October 2023 lows. It jumped ~5% during election week, the biggest weekly gain YTD, corrected a bit last week and rallied again this week. The NAZ is up ~51% from October 2023 lows. The NAZ has […]
November 23, 2024 | Tech Talk for Saturday November 23rd 2024
The Bottom Line Quiet week for North American equity markets this week! Historically, U. S. equity indices have moved higher on the day before and the day after the U.S. Thanksgiving day holiday. That’s when market makers are on holidays and individual investors have greater influence on equity prices. Thanksgiving Day in the U.S. is […]
November 22, 2024 | President-Elect Trump’s Tariffs will Hurt More Than They Help
President-elect Donald Trump believes in tariffs, and he plans to implement higher tariffs as soon as he takes office. Most economists think that is a really bad idea. Will Trump’s tariffs help or hurt the economy? Donald Trump has been a promoter of tariffs for a long time. He is on record in 1989 telling […]
November 22, 2024 | European Leaders Determine to Destroy Europe – There Goes The Euro
The skies are darkening over Europe’s economy and politics, all thanks to their determination to wage war against Russia. The euro is plummeting to its lowest level in two years. Will the Euro stop at 85 cents in the year ahead? European leaders know that the Eurozone is crumbling, and instead of reform, they have […]
November 22, 2024 | Bird’s Eye View of Price and Risk
This week, we learned that the US index of leading economic indicators (Conference Board LEI) contracted to 99.5 in October—the 32nd consecutive month of contraction and the longest since at least 1957 (all shown below courtesy of The Daily Shot). The only LEI items that expanded in October were stock (green) and credit (pink) prices. […]
November 21, 2024 | Crude Oil War Premium Expands As Ukraine Fires Longer Range US Missiles Into Russia
President elect Trump is moving quickly to nominate his cabinet full of loyalists that want to reign in the size and power of the perceived swamp in Washington. Many of his nominees are being readily accepted but one for Attorney General is getting widespread condemnation. He has nominated strong people for State, Defence, HHS, Interior […]
November 21, 2024 | Former CDC Director Claims COVID Originated in the USA
Former CDC director Robert Redfield, an outspoken critic of Antony Fauci, believes COVID-19 had sinister origins. We know the NIH was funding gain-of-function research under Fauci at a lab in Wuhan, China. However, Redfield believes the virus leaked from a domestic lab located at the University of North Carolina. Redfield believes Dr. Ralph Baric was […]
November 20, 2024 | Simplify the Tax Code
The incoming Department of Government Efficiency (DOGE) under Elon Musk and Vivek Ramaswamy is tackling a serious problem – the complex tax code. Donald Trump has also expressed a keen interest on simplifying the process and fixing our “broken tax code.” The Internal Revenue Service was multiplied and armed with weapons under Biden-Harris. The administration […]
November 20, 2024 | Corporate Bond Spreads Are Flashing Red
Every once in a while, the term “bond spread” pops up in financial reporting. Most people (who aren’t money nerds) don’t know what this means and how big a deal it sometimes is. So — since it’s a major red flag at the moment — this might be a good time to discuss it: Bond […]
November 20, 2024 | Even Higher Hopes
The S&P 500 is on track for its biggest election-year gain in 88 years. Still, according to the latest Conference Board Consumer Confidence Survey, the share of US consumers expecting stocks to rise further over the next 12 months has doubled over the last year to the highest percentage since this question was first asked […]
November 19, 2024 | Euphoria Bounces Back
Since stock markets hit a two-year low last October, prices reflated on bets that artificial intelligence and central bank easing could solve spreading insolvency. Then came this month’s Republican sweep in the US election, and the crowd ordered another round. Risky assets went parabolic before selling off last week—the S&P 500 and Canada’s TSX remain […]
November 19, 2024 | Pentagon Missing $824 Billion
The Pentagon, funded by you—the taxpayer—has truthfully NEVER passed an audit. Washington uses the Pentagon and Department of Defense as perhaps its favorite money laundering tool. Countless funds and supplies vanish year after year, and no one is ever investigated or punished. The corruption is blatantly in our faces. The most recent gimmick of […]
November 18, 2024 | Advice to RFK and Trump They will Not Listen Anyway
Prague Memorial Victims of Communism QUESTION: Since you said at the WEC that RFK and Trump will not listen to you or Socrates, they appear to be deer in headlights, powerless to prevent Biden and his Neocons from launching World War III before January. Besides my deep disappointment in their lack of respect for […]