ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 18, 2023 | Real Estate Speculators Start to Blink
Nick Gerli, Reventure Consulting Founder and CEO, joins ‘Last Call’ to explain his recent viral tweet claiming AirBnB is seeing declining revenue in several major markets. Here is a direct video link. Also, see Nick’s update on developments in the commercial property sector. Commercial real estate values have already dropped 11% in the last year, with […]
July 17, 2023 | NATO – Escalates Nuclear War
What has come out of this NATO meeting is the West is escalating the war with Russia. They are expanding the “sharing” of nuclear weapons at the request of Poland, which has always been rejected previously. This means that any nation with F35 and F16 will have available to them nuclear weapons. This is why […]
July 17, 2023 | People We Should Know: Ray Dalio
Ray Dalio’s bio is not that different from the typical “hedge fund asshole”: Harvard, Bridgewater Associates, billionaire, best-selling author. And of course he predicted and profited from the last few couple of financial crises. But instead of coasting on past success, Dalio has shifted gears and become a public figure whose take on the global […]
July 17, 2023 | Trapped
Happy Monday Morning! As expected, the Bank of Canada tightened the screws once again, jacking rates up another 25bps, and bringing the overnight rate to 5%, its highest level since 2001. “It’s working,” Macklem said in an exclusive interview with The Globe and Mail on Wednesday, several hours after raising borrowing costs for the 10th time […]
July 17, 2023 | Code Red
As a result of data released over the past week (mostly, the last 3 days), it seems clear to me that we may be facing a clear market emergency in COMEX silver futures. I am trying hard not to be alarmist, but what I see alarms the heck out of me – to the point […]
July 16, 2023 | The SMELL of Freedom Featuring Joe Biden
There are countless videos of President Joe Biden violating the personal space of children. He is constantly sniffing their hair as well, which is all on film and not a conspiracy theory or some smear campaign. The children are visibly upset, and their brain-dead parents allow it to happen. This has been happening for […]
July 16, 2023 | 5.5% Rate on T-Bonds Coming, but Then What?
Jim Grant, the financial word’s adult in the room, says the bear market in Treasury bonds could last for decades. Do the long-term charts bear him out? The one reproduced above suggests that it’s at least possible that we are in the early stages of such a move. Most immediately, the chart projects a further […]
July 16, 2023 | Flip Side of the Inflation Coin
The market, and maybe all of us, would like to believe the latest 3% annual CPI number was a harbinger of ever-lower inflation, and we are on the road to 2% inflation by year end. I would argue, “Not so fast.” Inflation is far from dead, and CPI will likely go slightly up between now […]
July 15, 2023 | Trading Desk Notes For July 15, 2023
Weaker-than-expected CPI ignited a risk-on surge across currency, credit and equity markets “A man hears what he wants to hear and disregards the rest.” Paul Simon, The Boxer The US CPI report Wednesday morning was slightly weaker than expected and kicked off a surge of “risk-on” sentiment that accelerated existing short-term trends in currencies and equities: the US […]
July 15, 2023 | Danielle on CBC Weekend Business Panel
Danielle was a guest on the CBC Weekend Business Panel. Here is a direct video link.
July 15, 2023 | Tech Talk for Saturday July 15th 2023
The Bottom Line Here come second quarter results! Early responses to better than consensus reports released last week were encouraging with nice gains recorded by Pepsico, Delta Airlines, UnitedHealth Group and JP Morgan. However, selling pressures appeared on Friday: Selected stocks sold down sharply after reporting less than consensus quarterly results. Notable was weakness in […]
July 14, 2023 | Noble Scientist says Climate Change is a Hoa
Dr. John Clauser, the co-winner of the 2022 Nobel Physics prize has come out and said the whole nonsense of Climate Change caused exclusively by CO2 is an absolute HOAX. Anyone who has ever studied physics cannot possibly conclude otherwise. There is absolutely NOTHING that can ever be reduced to a single cause and effect […]
July 14, 2023 | Honey, the Dollar’s Collapsing Again: USD against Yen, Euro, Peso, Other Currencies amid Inflation, Rate Hikes, and QT (or Lack Thereof)
The dollar-collapse and dollar-crash folks are out in force. “The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggesting the Federal Reserve may have to raise interest rates only one more time this year,” Reuters said, which put one […]
July 14, 2023 | Silver Gets Some Mainstream Coverage
Readers of this newsletter know the silver story by now. So it might come as a surprise to hear that maybe 95% of the investing public knows virtually nothing about monetary metals in general and silver’s unique supply/demand situation in particular. In such an obscure market, mainstream exposure can have a dramatic impact by exposing generalist investors […]
July 14, 2023 | The Bank of Canada is More Worried About Inflation Than a Recession
The Bank of Canada raised its interest rate again this week, the tenth increase since March 2022. The new level, at 5 percent, means that many borrowers will face rates of 7 percent and higher on bank loans and mortgages. Why does the Bank of Canada keep raising rates? The Bank of Canada (BOC) set […]
July 14, 2023 | Hard Landing, New Stock Market Lows Ahead
As we enter the second half of 2023, the economy continues chugging along. GDP growth for Q2 is currently estimated at 2.3%, and inflation continues dropping, with the latest June headline CPI just in at 3.0%. Have those warning of recession been wrong? Or will the lag effect result in a bumpier ride for the […]
July 14, 2023 | The Process Explains the Price
Generally, for everything that has a price, the price is often the most important feature. Certainly, this is true in financial assets and commodities of all types, including stocks, bonds, real estate, raw and finished materials, as well as transportation, labor and just about everything under the sun (including solar power). As different as all […]
July 13, 2023 | Housing Inventory to Explode Higher
Home prices in the US peaked a year ago in June. Since then, transactions have noticeably cooled as mortgage rates have skyrocketed. And while prices have declined in a number of markets nationwide, the correction so far has been quite mild. Are the housing bears wrong? Or are things going to get notably worse from […]
July 13, 2023 | If Not Now, WHEN?
Perhaps the first thing I discovered in 1985, when silver was trading in the $5/oz range, is that I knew of no one that was interested in shorting silver. Sure, there were plenty of folks who made and lost fortunes in silver on the Hunt-inspired run to $50 into 1980 and subsequent collapse – but […]
July 13, 2023 | The NATO Crisis Pushing Us into War
I have been very busy with the whole NATO meeting and questions coming in from important sources. Fortunately, there are some who are looking at our model’s forecast. Nato has stated that while Ukraine can join the military alliance, that will only happen “when allies agree and conditions are met.” Zelensky, who I have […]
July 13, 2023 | Central Banks Holding The Hand Brake
The June US Consumer Price Index (CPI) came in at a 3% annualized rate, down from the pandemic-inflamed peak of 9.1% a year ago. FOMC chair Powell has said that ‘super-core’ services ex-shelter (which excludes food, energy, rent and used car prices) is his preferred inflation gauge, and (as shown below) it came in at […]
July 12, 2023 | Grooming Legal in Canada
(Warning: disturbing video) @tylerolivieroyoutubeclip @Tyler Oliveira Youtube: Tyler Oliveira Do you think it is appropriate for children?? #fypシ #tyler #fypシ゚viral #fypage #thoughts #documentary #cool #pride #tyleroliveira #hairdryer #safe ♬ original sound – period The woke elite are winning. Their agenda is sickening and deserves to be exposed. As seen in the video above, a YouTuber […]
July 12, 2023 | Ellen Brown: The Federal Debt Trap: Issues and Possible Solutions
Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the wealthy to borrow their money.” Titled “America Is Living on Borrowed Money,” the editorial observes that over the next decade, according to the Congressional Budget Office (CBO), annual federal budget […]
July 12, 2023 | Corporate Bankruptcy Wave Just Started
Unlike government bonds that typically rise while stock prices fathom bear market lows, higher-risk corporate bonds tend to fall with risk appetite and equity prices. That trend has held over the past 15 months as most corporate securities have lost value. As US junk bond prices have tumbled, their yields have risen to around 8.75% […]
July 11, 2023 | BoC Study: 59% of Canadians Willing to Accept CBDC
The masses do not realize what CBDC really entails. It is marketed as a convenient and modern way to bank. In truth it is a tool for control, an important tool that governments need to usher in the Great Reset. A recent poll by the Bank of Canada aimed to see how willingly the public […]