ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
May 10, 2024 | Indefinite Weekend Driving Ban in Germany?
Germany is moving full speed ahead to reach their asinine climate targets. The citizens who are in essence the very carbon they wish to destroy must be punished for not sacrificing enough to uphold Angela Merkel’s Climate Protection Act. Transport Minister Volker Wissing is now threatening the German people with “an indefinite weekend driving ban.” “In […]
May 10, 2024 | Because We’re Still Not Sufficiently Indebted…
Zero Hedge just posted a long look at how the “buy now, pay later” (BNPL) industry now accounts for about $700 billion of largely unreported “phantom debt”. This, speculates ZH, is why the economy hasn’t fallen into recession. Now come the unintended consequences: Pernicious effects of BNPL credit are piling up: the Harris Poll survey conducted […]
May 10, 2024 | Monetary Easing Tends To Be Contagious and No Quick Fix
This week, the Swedish central bank followed Switzerland in becoming the second G10 nation to ease base rates in the banking system. Both cited weakening economic activity. The Bank of Canada is expected to follow suit this summer, with 45% of outstanding Canadian mortgages up for renewal this year and next. Most were taken out when […]
May 10, 2024 | The U.S. Government Sliding Deeper and Deeper into Debt
The U.S. federal government will set a new record for borrowing this year, in the trillions of dollars. Government deficits reached a record high in 2020, due to government help to the private sector during COVID. But now, even without a crisis, the deficit has soared to new high levels. Will income taxes increase? The […]
May 9, 2024 | Finally, Some Good-Looking Gold/Silver Miner Charts
Long-suffering mining investors have been wondering how high gold and silver would have to go to finally breathe some life into their portfolios. It looks like $2300/oz gold and $27/oz silver have done the trick. Behold the (suddenly very pretty) price charts: Higher Metals Prices = Wider Profit Margins These price moves aren’t […]
May 9, 2024 | Mind those “defensive” equities
Danielle DB does a good job of summarizing the latest data, suggesting that a US recession is nigh and corporate revenues and employment are set for a drubbing. From the NYSE site, Caroline Woods and Danielle DiMartino Booth discuss the Fed’s continued fight against inflation, the spending power of U.S. Consumers and how A.I. could […]
May 9, 2024 | Strategized Civil Unrest Staged Across the World
Protestors throughout the West are protesting on behalf of Palestine in a deliberate effort to destabilize national politics. Greta Thunberg, a girl with no knowledge of war or science, took part in a Swedish pro-Palestinian protest that attracted a group of up to 12,000. These events are clearly staged when they use a famous social […]
May 8, 2024 | Canada Feeling The Burn of High Debt and Weakening Employment
The Nanos Pocketbook Index, a component of the broader Bloomberg Nanos Canadian Confidence Index and a measure of how Canadians perceive their personal finances and job security, fell to 50 last week, the same level as the pandemic low in April 2020. Fifty percent of respondents said that their finances had worsened in the past […]
May 8, 2024 | WTI Crude Oil Falls on Weaker US Demand and Rising Inventories
GLOBAL ECONOMIC, POLITICAL & MILITARY UPDATE Inflation pressure persists in the US leaving the Fed little room to lower rates at the coming meetings. Insurance, housing, food, electricity costs are all making consumers less able to afford what would have been considered basics. Going to McDonald’s, Starbucks, Pizza Hut or KFC with the family is […]
May 8, 2024 | AstraZeneca Pulls COVID Vaccine
I reported that AstraZeneca was recently forced to admit that its vaccine could produce lethal side effects amid a class action lawsuit in the UK. The British-Swedish pharmaceutical company was required to finally admit that their vaccine can lead to Thrombocytopenic Syndrome TTS, an autoimmune response that can cause blood clots, internal bleeding, and death. […]
May 7, 2024 | So That’s Who’s Screwing Everything Up
Most normal Americans have a sense that the people now running the country are off in some fundamental way. But the specifics have been fuzzy. Are they morons or evil geniuses? Are they controlled by foreign powers or home-grown mind viruses? Or are the aliens pulling their strings? Venerable pollster Scott Rasmussen claims to have found a […]
May 7, 2024 | Ukrainian Military Attempts to Assassinate Zelensky
As I have warned, Zelensky is seen as a puppet of the West, and they are starting to realize that he is destroying all of Ukraine on orders from the American Neocons. I have been warning that any assassination of Zelensky will come from within. Ukraine has reached the same realization where there […]
May 7, 2024 | Rethinkx: Simultaneous Mass Disruptions Now Unfolding
In the fifteen years between 1907 and 1922, horses went from providing 95% of all private vehicle miles travelled on American roads to less than 20% (see chart below). But since cars travel a far greater distance per year than horse-drawn wagons for a fraction of the cost per mile, the fate of the horse […]
May 7, 2024 | Used Car Prices Continue Historic Plunge, Wholesale Prices Gave up 59% of Crazy Pandemic Spike
Seasonally adjusted, prices of used vehicles that were sold at auctions across the US fell 2.3% in April from March, to $18,151, the lowest since April 2021, and down by $5,423 (-23%) from the peak in January 2022, according to today’s Used Vehicle Value Index by Manheim, the largest auto auction house in the US. […]
May 6, 2024 | Value Clients Exiled from Fast Food Chains
Blue states that implemented minimum wage hikes are seeing a drastic rise in food prices. Fast food chains like McDonald’s, Chick-fil-A, Chipotle Jack in the Box, Burger King, Domino’s, and more have reported menu item hikes in places like California that now require a much higher minimum wage. This comes at a time when […]
May 6, 2024 | China Exporting Deflation to the World
China’s economy is teetering on the brink of widespread deflation—a scenario that could cause even more problems than high inflation. We look at Japan’s “lost decade” to explain why China’s economy is struggling and what it means for the global economy. Here is a direct video link.
May 6, 2024 | Balance Sheet Woes
Happy Monday Morning! The housing market is taking an early turn, cooling swiftly in the month of April. The month of April usually marks the middle of the busy spring selling season so it’s rather unusual to see things fizzle out this early. The problem wasn’t so much that home sales were weak, up from […]
May 6, 2024 | Liminal Space
I’m entering my annual post-SIC decompression period. I say that only half-jokingly. The last two weeks were my version of a dive deep into the sea, where you see shocking things and endure crushing pressure. The weeks of preparation are fun, but the sheer volume of information creates its own kind of pressure. You don’t […]
May 5, 2024 | Gold, Oil and Putin’s Grand Plan
Some of you may remember Gary Liebowitz, a troll that I 86’d from the site years ago. He still harangues me now and then, and I am saddened to report that his rage has only worsened, especially where Trump is concerned. Here’s a pungent note from Gary that just plopped into my email box. I […]
May 5, 2024 | Capital Gains Taxes Loom Over Blue States – Welcome to the Great Reset
Eleven states may face capital gain taxes to comply with the Biden Administration’s 2025 budget, in which the government must hunt the people for taxes to pay for a fraction of their spending. The concept of capital gains was not within the original Constitution. The Founding Fathers established a completely new nation in an attempt […]
May 4, 2024 | Trading Desk Notes For May 4, 2024
The dominant market theme YTD, “the Fed will stay higher for longer,” softened this week Price action across equity, interest rate and currency markets this week was buffeted by US economic and inflation data, concerns about Treasury and Fed policy decisions, currency intervention by the Japanese finance ministry, and concerns about critical corporate reports. The net takeaway from […]
May 4, 2024 | More Good News On The Silver Deficit
Ah, the silver story. It just keeps getting better. Here’s an update from the Silver Institute: Industrial Silver Demand Sets Record Record use of silver in industrial applications set a new high in 2023 at 654.4 million ounces (Moz). Ongoing structural gains from green economy applications underpinned these advances as they did in 2022. Higher […]
May 4, 2024 | Tech Talk for Saturday May 4th 2024
The Bottom Line The Fabulous Four (Amazon, Microsoft, Alphabet, Meta) dominated technical action by broadly based U.S. equity indices last week. Higher than consensus quarterly results by these dominant companies prompted analysts to increase significantly first quarter earnings and revenues estimates for the S&P 100 Index and the NASDAQ 100 Index. Their strong earnings gains […]
May 3, 2024 | AstraZeneca Admits Vaccine Had Lethal Side Effect
Vaccine manufacturers and health agencies have been silently admitting that their “safe and effective” COVID-19 mRNA vaccines have deadly side effects. AstraZeneca (AZN) is the latest manufacturer to admit that their vaccine was lethal as a class-action lawsuit attempts to hold the pharmaceutical company responsible. One of the first cases filed against the company came […]
May 3, 2024 | Artificial Intelligence is an Existential Threat to Humans
The excitement and hype regarding Artificial Intelligence continues to influence stock markets positively. While most people have not yet seen much impact on their lives, billions of dollars are being committed by a multitude of companies who wish to compete for a top spot in the future of AI. Will AI meet current expectations? Is […]