ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
September 10, 2023 | Becoming Invisible, Part 9: Burner Phones
So let’s say the idiots running the US (or Canada, the UK, or Australia) have finally forced you to join a protest movement. But you saw what happened to the truckers and their contributors in Canada, and you’re aware of the widening surveillance net spreading over the US. So you’d prefer not to end up on some […]
September 10, 2023 | Who Will Buy Baby Boomers’ McMansions?
Can the Wall Street Journal‘s headline writers save America’s juiced-up economy from going bust? They are certainly trying. Check out their lede in Friday’s editions: The Fall in Home Prices May Already Be Over. Fancy that! With mortgage rates headed toward 8%, many readers must have done a double-take when they read this seeming howler. Your editor […]
September 10, 2023 | Cycle Review
Greetings from Europe. I promised to write a letter describing my personal investment portfolio. I still plan to, but it won’t be this week. Shane and I are having a wonderful trip—a much-needed break for both of us. I will leave you with a suggestion, though. My ongoing series about cycles contains some of the […]
September 9, 2023 | Trading Desk Notes For September 9, 2023
King Dollar: higher for eight consecutive weeks The US Dollar Index touched a 15-month low in mid-July (a Key Turn Date across several markets) and has rallied for eight consecutive weeks. The Euro reached a 17-month high in mid-July, then fell for eight consecutive weeks. The Yen had a counter-trend rally into mid-July but then made lower lows […]
September 9, 2023 | Britain To Imprison People For Not Complying with Net Zero
It is time we understand that the climate change agenda and COVID have been adopted for a single reason. The governments can no longer kick the can down the road regarding debt. The current monetary system is unsustainable. As a result, they will default on their national debts, which will wipe out pensions. These […]
September 9, 2023 | Tech Talk for Saturday September 9th 2023
The Bottom Line Lots of “noise” bothering North American equity markets this week! Possible autoworker strikes in Canada and U.S. starting September 14th. Bargaining positions between the union and companies remain wide. Possible shut down of the U.S. government by Congress if unable to reach a deficit limit agreement before the end of September. The […]
September 8, 2023 | Could Pfizer Collapse to $6-7.00 a share?
COMMENT: When will the people stay a boycott of Pfsir as they did with Bud Light? HB ANSWER: The court in South Africa ordered the government to release the contract with Pfizer that they were preventing the public from having access. Quite honestly, ANY politicians who voted for the vaccines by Pfizer should be voted out […]
September 8, 2023 | The Bank of Canada Pauses But Rate Cuts Are Not Coming Soon
The Bank of Canada goes on hold, with no rate hike this week. But those expecting significant interest rate cuts any time soon will be disappointed. The end of the multi-decade period of declining rates passed without much fanfare. But rates in Canada are now as high as they were 23 years ago. This happened […]
September 8, 2023 | Pause Before The Storm
As Greg Ip notes in the Wall Street Journal today: “Every recession starts out looking like a soft landing. August’s moderate increase in unemployment was welcome. The risk is that plenty more are in store, which won’t be cause for celebration.“ In reality, recessions are the norm following monetary tightening cycles, and unemployment rises through contractions […]
September 7, 2023 | Jeremy Grantham on Risk and Opportunity
I discovered Jeremy Grantham in 2002, and he’s served as a touchstone since. His experience and insight are rare and valuable. The slow-moving influence of rising interest rates will end up torpedoing the economy, dashing Federal Reserve expectations that a recession can be avoided, according to renowned Wall Street curmudgeon Jeremy Grantham. This interview for “Bloomberg Wealth […]
September 7, 2023 | African Leaders Aim to Implement Global Carbon Tax
The Africa Climate Summit hosted in Kenya focused on how the world can manipulate the weather through taxation. In no way due to geography or distance to the equator, African leaders honed in on how Africa faces numerous climate-related challenges such as desertification, drought, rising temperatures, and cyclones. “To achieve the necessary emissions reduction targets […]
September 6, 2023 | Trudeau Ignored Warnings that Immigrants Would Worsen Housing Crisis
A leaked memo from June 2022 reveals that Canada’s Justin Trudeau was warned that the mass influx of immigrants would exacerbate the housing crisis. “There is broad agreement among experts that homebuilding has been insufficient in comparison with housing demand in recent years, particularly with the increase in immigration since 2015,” the memo to Trudeau […]
September 6, 2023 | Silver: A Sure Thing?
I have contended for the past near-40 years, that silver has been manipulated and suppressed in price by means of excessive short selling on the COMEX, mostly by commercial traders which happen to be mostly banks. As a result of this decades-long price suppression, the law of supply and demand has become artificially distorted. The […]
September 6, 2023 | Real Estate Has Earned Us a Drubbing
US mortgage rates (30-year fixed) jumped an extra 50 basis points this week to 7.7%, while Canadian mortgage rates are 6% plus. Higher carrying costs are causing many owners to need to maximize rental income from their properties. Short-term rentals are attractive because they have yielded more per night than long-term leases. However, many cities […]
September 5, 2023 | Recession Watch: Obscure But Scary
Well-known economic indicators like consumer debt, money supply growth, and the inverted yield curve have been painting an ominous picture for a while now. But they’re not alone. A bunch of obscure but highly predictive metrics are saying the same thing. Among them: Spiking Mortgage/Treasury spread 30-year Treasury bonds and 30-year mortgages are loans with the same maturity but different […]
September 5, 2023 | Extend and Pretend Has Magnified Economic Shock
As interest rates soared above six percent over the last seventeen months, four of the big five Canadian banks have allowed floating-rate customers to extend and pretend by making the same mortgage payments as when floating rates were sub-2%. This has compounded solvency problems as unpaid interest adds to the debt and extends amortization periods […]
September 5, 2023 | Soros Sets Focus on Defeating Trump
They simply cannot bring Donald Trump down as his supporters are extremely loyal. The globalist elite are in a panic – if the inditement doesn’t work, Trump will come out swinging with a vengeance. Trump has already vowed to prosecute all responsible for this fake witch hunt. Perhaps they underestimated the overwhelming amount of support […]
September 4, 2023 | Happy Monday Morning!
Happy Monday Morning! A few weeks ago we summarized the cabinet shuffle, arguing the replacement of both the housing minister and immigration minister was simply rearring deck chairs on the Titanic. When new immigration minister Marc Miller was repeatedly questioned about rampant immigration putting strains on infrastructure and housing, he noted, “I don’t see a world […]
September 4, 2023 | Mass Graves in Canada Were a Hoax
”Anytime we think about unmarked mass graves, we think about a distant country where a genocide has happened. This is not a distant country,” Dictator Justin Trudeau announced. It was an emotional narrative used to condemn the people of Canada into remembering the ill will of their ancestors. A call for supporting indigenous and minority […]
September 4, 2023 | Your Bug-Out Bag Needs a Grab-and-Go Binder
The warning comes in the middle of the night: There’s a fire (or hurricane or flood or riot) headed your way. You get dressed, grab your bug-out bag, hop in the car, and head to the designated safe spot to wait out the trouble. Well done. But then your significant other says “What about the […]
September 4, 2023 | Some Scary Shit
I let it all hang out in the interview I did Friday with USAWatchdog‘s Greg Hunter. Do I actually believe the U.S. economy is headed into a condition of barter? Yes, I do. It will be that bad. And global. Americans in particular will face a long period of severe hardship when these boom times end. […]
September 3, 2023 | US Real Estate Market
QUESTION: Mr. Armstrong, You were the only one who forecasted that real estate would continue to rise in conjunction with the rate increases by the Fed. I have been following you only since 2020 and COVID-19. I am impressed with your computer and your analysis, which does not change with every passing headline. Can you elaborate […]
September 3, 2023 | Noble Sacrifices
Look up the word “cycle” in a dictionary, and you’ll find something like this: “A regularly recurring sequence of events.” Sounds simple, but that definition leaves a lot of ambiguity. Zoom in on the “regularly recurring” part. A recurring event is one that happens repeatedly. Wherever on Earth you may be, the sun reliably rises […]
September 2, 2023 | Trading Desk Notes For September 2, 2023
The Fed is likely done raising rates in 2023 Markets were focused on US employment data during the last week of summer, and after the JOLTS, ADP and BLS reports, the chances of another rate increase from the Fed this year fell to ~30%. Since April, short-term and long-term interest rates have been trending higher in Canada […]
September 2, 2023 | What Happened To Canada?
On Greg Hunter’s show last week I said something like: If five years ago you’d asked me to name the country least likely to go authoritarian, I’d have picked Canada. It always seemed like a well-run place full of mature people with good intentions. So it’s a shock to see what’s happening up there. To which a […]