July 9, 2023 | CBDCs Are Coming. Mark Jeftovic Explains Why You Should Worry
Most central banks have decided that 2024 is the year of the CBDC Big Bang. So…what exactly are these things and why should we find their imposition worth opposing? Mark Jeftovic, publisher of the Bitcoin Capitalist newsletter, just posted a detailed explanation. Here’s an excerpt: BIS: CBDC Roll-outs may require changing The Constitution Also: “Tiered remuneration” means no […]
July 9, 2023 | Few Big Winners in the Hard Times Ahead
Will the rich and powerful own everything when the global financial system collapses from too much debt? Supposedly, “they” have been plotting and preparing for this all along — even getting a new money system ready to make the takeover complete. But this theory makes no more sense than the one that puts the same evil geniuses […]
July 9, 2023 | Muddled Optimism
“A man hears what he wants to hear and disregards the rest…” —The Boxer, Paul Simon, 1969 One of the hardest parts of economic forecasting is separating what we expect from what we want. Actually, this is part of the human condition, genetically programmed into us and affecting every part of our society and lives, not just economic […]
July 8, 2023 | Trading Desk Notes For July 8, 2023
Real and nominal interest rates surged higher this week Interest rates across Europe, Canada and the US rose this week, with yields on the long end sharply higher. The yield on the US 10-year T-Note (~4.07%) is at a 15-year high; the 10-year UK bond yield (~4.70%) is also at a 15-year high; the 10-year […]
July 8, 2023 | Gold Back Currency Reality
QUESTION: Do you think the BRICS would create a gold-back currency as proposed by Russia? SJ ANSWER: The Neocon has directed the Biden administration to remove Russia from SWIFT. Their single-minded goal is destroying the world economy, but they do not care. They think they will conquer Russia and China and dominate the world so they will […]
July 8, 2023 | Tech Talk for Saturday July 8th 2023
The Bottom Line Equity markets on both sides of the border are on central bank watch. In Canada, the Bank of Canada is expected to increase its interest rate for Canadian banks on Wednesday from 4.75% to 5.00%. The BOC is expected to respond to continuing strength in Canada’s employment. The June Employment report reported […]
July 7, 2023 | Value Investing Will Come Back
Value investing as a style should be doing better during this period of rising interest rates and growing recession fears. But growth investing continues to perform better than value investing by a wide margin. Will value investors ever dominate again? Value stocks are defined as “cheap” when using metrics like share price to book value […]
July 7, 2023 | Higher Debt Costs Are Economic Death By A Thousand Cuts
Fed minutes on Wednesday telegraphed that voting members plan another 25 bps rate hike this month and 25 more by November. Market implied rates are shown below in blue versus expectations last week (pre-minutes) in orange. While rate cuts are expected to follow from December 2023 through September 2024, the magnitude of easing anticipated is […]
July 7, 2023 | Fed’s Balance Sheet Drops $667 Billion fr. Peak to $8.3 Trillion, Below Aug 2021, as QT Continues, Bank Panic Support Unwinds
The Fed’s total assets dropped by $87 billion in June, and by $667 billion since the historic peak in April 2022, according to the Fed’s weekly balance sheet today. In the 15 weeks since the height of the bank panic in March, the Fed has shed $435 billion in assets, the fastest-ever 15-week drop, as […]
July 7, 2023 | Climate Change Lockdowns Are Coming?
QUESTION: There has been talk that Trudeau will use the fires to claim a climate crisis, and that will justify lockdowns again. Is there any truth to these rumors? FS ANSWER: There is definitely the idea of using climate change to justify lockdowns. However, this is really not for climate change but for crowd control. […]
July 6, 2023 | US Housing Prices Push Higher
Fannie Mae admitted their forecast of declining home prices was incorrect. They initially projected that housing would fall by 1.2% in 2023, followed by 2.2% in 2024. Housing prices remain strong because this in an inventory crisis. There are 47% less available single-family houses on the market compared to the start of the COVID […]
July 6, 2023 | Silver Analyst Ted Butler Wrote This For Our Broker Staff
We appear to be at a particularly unique point in silver. Never have I witnessed a time when there have been more bullish articles and commentary than there is now. Never has there been greater awareness of the actual demand in silver being stronger than the actual supply. You can’t find a bearish article. Yet […]
July 6, 2023 | Insolvency Bull Market
Insolvency trustees are the financial undertakers. They endured a bear market when easy credit enabled extend and pretend habits for the masses. Now the undertakers are entering a boom time as their phones “ring off the hook.” Hoyes, Michalos published Canadian stats through the end of May and included this chart. Other trustee firms are also feeling […]
July 5, 2023 | BRICS to Replace the Dollar?
The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, “There […]
July 5, 2023 | Protracted Hangover For Real Estate Investors and Lenders
The seemingly endless party of growth in real estate supported by ever-cheaper finance has reached an end, with a protracted hangover now ahead. This has broad implications for the many sectors that feed off real estate and is why realty-led recessions have historically been the harshest. See, Industries that rely on thriving downtowns suffer, and Office turmoil […]
July 4, 2023 | Russia Accuses US of Preparing for Biowarfare via Mosquitos
This story seemed far-fetched when first public, but now we know the extent of Bill Gates’ plan to modify mosquitos. We have seen a resurgence of once dormant viruses at the precise time that Gates’ allowed Oxitec to release diseased mosquitoes into the environment. Russia has repeatedly said it has information that the US is […]
July 3, 2023 | The WTC7 Controlled Demolition?
July 3, 2023 | The Clock is Ticking
Happy Monday Morning! Headline inflation dropped like a stone in the month of May, now down to 3.4%. Mortgage interest costs surged 30% and remains the largest contributor to the year-over-year CPI increase. Strip out self inflicted mortgage interest cost, and CPI sits at 2.5% in May, back within the Bank of Canada’s control range […]
July 2, 2023 | Burning Books in a Brave New 1984 World
“Those who don’t build must burn.” ― Ray Bradbury, Fahrenheit 451 “One believes things because one has been conditioned to believe them.” ― Aldous Huxley, Brave New World “Being in a minority, even in a minority of one, did not make you mad. There was truth and there was untruth, and if you clung to the truth even against […]
July 2, 2023 | Endless Intervention
National leaders are (or should be) reluctant to enter wars because, once begun, they are often hard to end. You could be bogged down for years, vainly trying plan after plan as the damage accumulates. Monetary policy works the same way. Central bankers think they can handle a situation and fire the artillery. It always […]
July 2, 2023 | What to Expect After an Endless ‘Fourth’
This promises to be the longest holiday ever celebrated in the U.S., eclipsing even the eight-day festival holidays that frequently pop up on the Jewish calendar. By the time you read this, the Independence Day celebration will be in its unofficial fourth day, having begun in spirit with a pronounced slowdown in the stock market […]
July 2, 2023 | Worst is Yet To Come For Stocks
Some lucid assessments in this segment. When the road ahead is uncertain, there’s no wiser choice than to listen to those with experience – who have seen enough market cycles to judge what’s most likely to happen next. Today we’re fortunate to welcome financial advisor Ted Oakley, managing partner & founder of Oxbow Advisors. Ted […]
July 1, 2023 | Trading Desk Notes For July 1, 2023
An Apple a day keeps the bear away AAPL surged to new All-Time Highs on Friday, up ~56% from its January lows. The market cap is now ~$3.05 Trillion. MSFT hit ATH two weeks ago and closed Friday down ~3% from those highs. The MSFT market cap is now ~$2.5 Trillion. Taken together, the market cap […]
July 1, 2023 | Tech Talk for Saturday July 1st 2023
The Bottom Line Calm before the storm! Expected corporate news from major U.S. and Canadian companies this week is exceptionally quiet. Many corporations have entered their “quiet time” approximately 10 days prior to release of quarterly results. Volumes on North American equity markets typically are well below average this week. Bid/Ask spreads widen. Traders are […]
June 30, 2023 | The Left is Moving to Rig All Elections Everywhere
The LEFT is now totally out of control. Fearing that they may lose against Trump and that their BS charges are so obviously political, they are now looking to charge Trump with inside trading to make him a normal type of criminal, even though this is still all politically motivated. In London, they have closed […]