ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 19, 2023 | Socially Insecure
If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries. —Alan Greenspan, Speech to the Commercial Finance Association on October 26, 2006 The federal government starts a new fiscal year every […]
November 18, 2023 | Trading Desk Notes For November 18, 2023
Soft CPI = stocks and bonds up, USD down The Tuesday morning CPI report was marginally softer than expected; the market took that as “confirmation” that the Fed is DONE – stocks and bonds surged higher, and the USD tumbled – its biggest down day since falling on the softer-than-expected CPI report in November 2022. The […]
November 18, 2023 | Tech Talk for Saturday November 18th 2023
The Bottom Line The yearend rally from late October to the first week in January for North American equity indices continues. Historically, as part of the yearend rally, North American equity markets have moved higher from just before U.S. Thanksgiving holiday (November 23rd this year) to the first trading day in December.
November 17, 2023 | Buyers in Hibernation as Home Prices Fall
From 2000 to 2022, Canadian home prices increased 375% (an average of 17% annually, shown in red below), while the average Canadian wage (black line below) rose 3% per year. In the Greater Toronto and Vancouver Areas, where most of the population lives, median home prices rose 450% and 490%, respectively. The mania escalated during the pandemic when prices in popular areas leapt 50% between the end […]
November 17, 2023 | An Answer Long-Overdue
One of the key data points in silver is the level and change in recorded bullion inventories, primarily in the COMEX warehouses and the silver ETFs. Particularly over the past few years, any number of daily commentaries have sprung up, slicing and dicing the inventory data, with special emphasis on the COMEX warehouse data, as […]
November 17, 2023 | Wind Power Growth Hits a Major Bump in the Road
Wind power was predicted to boom in the U.S., partly due to incentives under the Inflation Reduction Act. Plans to build offshore and onshore wind turbine farms were expected to create a surge in capital investment and provide substantial new sources of renewable energy. The offshore wind power capacity was forecast to reach 30 gigawatts […]
November 17, 2023 | China Extends Olive Branch to US
The Asia-Pacific Economic Cooperation (APEC) summit concluded with China and the US agreeing to partner on trade military strategy. The love-hate relationship between America and its largest trading partner has been strained for may years and completely counterproductive. China’s President Xi Jinping made it clear to Biden that the US is either for or […]
November 16, 2023 | Recession Watch: Wow, That Was Fast
One of the many surprising things about the Everything Bubble was the way interest rates kept rising. A lot of observers (including this one) believed that in each successive bubble, the “terminal” interest rate — that is, the rate that starts to break things, causing a crash — would be lower because the amount of […]
November 16, 2023 | BCA: Double-Ddigit Stock Market Drop in 2024
Higher interest rates have sharply increased carrying costs while lowering spending and investment through the economy. Both revenue and profit numbers are broadly in retreat and the urge to cut costs is intensifying. There will be a bottom in equity markets, but it has never come before central banks have resumed easing monetary conditions. Recessions, […]
November 16, 2023 | Crime is Killing Brick & Mortar Stores
@ivangtv Grocery prices in alaska are INSANE #alaska #groceryshopping #inflation #foryou ♬ Aesthetic – Tollan Kim Crime in America is completely out of control. Since looting is legal in Soros-backed blue cities, countless stores and businesses are fleeing. This is also occurring with the most basic stores, such as pharmacies and grocers. Countless stores have […]
November 15, 2023 | Inflated Risk Assets Mean Central Banks Tighter For Longer
A flat October US CPI release yesterday inspired both equities and bonds to rally on a growing belief that inflation is decreasing, and the US and Canadian central banks, on hold since July, are done hiking policy rates this cycle. The most abrupt monetary tightening in many decades has thrown a ton of drag on heavily indebted […]
November 15, 2023 | State Wealth Migration
In 2019, New York hosted 72 billionaires. That figure has declined to 62 in 2023, with smart money fleeing the state due to high taxes and crime. The state of New York depends on the top 1% of earners to pay 42% of its tax burden. New York is already operating in a deficit […]
November 14, 2023 | Jim Cook Interviews Ted Butler
Cook: Is the public’s interest and knowledge about silver picking up? Butler: I’d say yes, overall, but I am still of the opinion that most still don’t fully grasp how silver has been manipulated and suppressed in price for 40 years – and this is the absolute key to why someone should buy and hold […]
November 14, 2023 | Consumer Spending Plans at Recessionary Levels
The University of Michigan Consumer Survey for November found a fresh low in spending intentions. Consumers citing interest rates as preventing them from buying an automobile (36%) and a home (67%) were the highest since the 1981 and 1982 recessions when the Fed funds rate was 12 and 10 percent, respectively, versus 5.5 percent today. […]
November 14, 2023 | Uranium Stocks: What Just Happened to SMRs?
Nuclear power is back in favor, the price of uranium has more than tripled from its 2020 lows, and the technology’s future looks even brighter than its recent past. But there’s more. A new reactor design, the “small modular reactor” (SMR), is set to turbocharge the industry. Where traditional nuclear plants are huge, expensive, and […]
November 14, 2023 | Migrants Imploding Welfare State
People are coming to America for a better life at your expense. The excuse that migrants came here to work and contribute to our society does not match the statistics. As the NY Post recently reported, only 2% of 139,500 migrants in New York have applied for work permits, and thousands more are on […]
November 13, 2023 | Leaving a Mark
Happy Monday Morning! It’s been a busy twelve months for David Eby. The premier of BC has launched a barrage of policies aimed at remedying the provinces housing crisis, currently grappling with the worst housing affordability since the 1980’s. For those keeping score at home, here’s a quick summary: Eliminate rental restriction bylaws in all […]
November 13, 2023 | WeWork Bankruptcy Accelerates Real Estate Dominoes
As WeWork filed for bankruptcy last week, billions in commercial real estate leases, loans and property values are up for price discovery. The discussion below connects some of the dots. Danielle DiMartino booth Joins The Replay Booth. Here is a direct video link.
November 13, 2023 | Biosurveillance Coming to an Airport Near You
The US Centers for Disease Control and Prevention (CDC) has announced that it will begin screening travelers at airports for COVID and other viruses. Did you think the governments would actually let go of the power they usurped after COVID? The government turned a blind eye to the MILLIONS of illegals entering America from […]
November 12, 2023 | What Could Go Wrong?
Exploring federal budget data is a journey through endless rabbit holes, some of which are eerily close to Alice in Wonderland insanity. Countless variables interact in unexpected ways. Seemingly small changes can cascade into billions of dollars within a few years. Exploring federal budget data is a journey through endless rabbit holes, some of which are eerily […]
November 12, 2023 | Revved-Up Microsoft Is the Engine that Could
U.S. shares continued to climb a wall of well-justified worry last week, propelled with sufficient vigor to suggest new all-time highs are likely. Notice how Microsoft’s push into record territory on Friday occurred after the stock had spent nearly six months consolidating at the red line. This is a ‘midpoint Hidden Pivot’, according to our […]
November 12, 2023 | Rich Man’s War, Poor Man’s Blood
“War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.” – General Smedley Butler I don’t need your […]
November 12, 2023 | Canadians are Drowning in Debt
Canadians are drowning in debt — of all three types. The total amount owed in government, household and corporate debt has soared since 2010. Of particular concern today is the rapid increase in federal government debt since 2020. Can Canada escape this debt trap? We know that Canada has had a growing household debt […]
November 11, 2023 | Trading Desk Notes For November 11, 2023
Surging Megacap Tech shares power the Nasdaq 100 to the highest weekly close since July Three weeks ago, the NAZ closed at a 6-month low as long-term interest rates hit 16-year highs, but a reversal lower in interest rates last week ignited a buying frenzy across the stock market, with the NAZ closing this week ~10% above […]
November 11, 2023 | The Ben Gurion Canal Project – Declassified Documents Reveal Truth
The US and Israel have been discussing plans to build a canal to rival the Suez Canal for over 50 years. We must look at recent history to see the motives for the war occurring today. Around 20% of all world trade moves through the Suez Canal, which is controlled by Egypt. The Suez […]