ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
May 29, 2023 | The Real Hidden Agenda – It’s Time to take the Red Pill
COMMENT: Martin, I’m gay and I agree with you on this transgender drivel, especially letting male-born athletes compete in women’s sports. It is becoming scary for those of us who are just gay. We are being thrown in the same category as this transgender agenda. I too have been to Thailand. The Ladyboys in Thailand are […]
May 29, 2023 | Lessons to be Learned in Property Pain
The latest CMHC report notes that Canadian household debt totalled 107% of the country’s economic output at the end of 2021–the highest of any G7 country–and up from 95% in 2010 and 80% in 2007. Household debt has risen since 2021 and amounted to 180% of disposable income at the end of 2022. Mortgages account for some […]
May 29, 2023 | Money at Stake
Happy Monday Morning! The blistering hot spring market, which has been plagued by a twenty year low in new listings across the country is finally starting to simmer. This is welcoming news for home buyers, whom instead of competing with six other buyers might only have to compete with three other groups on offer night. […]
May 28, 2023 | SIC Mix
Business media is famous for propagating buzzwords and phrases, especially if they produce more clicks. The latest is Artificial Intelligence. It’s everywhere and is now a fixture in earnings calls, too. Every CEO is getting asked how AI will fit into or affect their company. It’s not quite as bad as every CEO trying to […]
May 28, 2023 | Pfizer – The New Evil Empire?
I warned that our computer was projecting that Pfizer was making a major peak. Many could not see how that forecast would be correct. Here we are and Pfizer is not a company you want to work for or invest in. Seriously, anyone who has a family member working at Pfizer should cash out before […]
May 28, 2023 | And Now Microsoft Leads the Stampede!
Microsoft’s bullish rampage last week added to already strong evidence that the stock market is headed to new records highs. The shares of the software leviathan’s shares not only jackhammered through granite resistance in the form of the midpoint ‘Hidden Pivot’ shown in the chart, they ended the week decisively above it. This technical telltale […]
May 28, 2023 | Danielle on CBC Weekend Business Panel
Danielle appeared on CBC’s Weekend Business Panel talking about the CMHC report on Canadian household debt levels, AI mania and the US debt ceiling. Here is a direct video link.
May 27, 2023 | Trading Desk Notes For May 27, 2023
Nvidia Following a quarterly report described by one analyst as “The greatest beat of all time,” Nvidia’s market cap soared by >$200 Billion on Thursday, the largest one-day value increase of any company in American equity market history. The company’s market cap at the beginning of this year was ~$350B; at Friday’s close, it was ~$960B. The share price at […]
May 27, 2023 | More “In Gold We Trust” Charts
The US just reported that core PCE, “the Fed’s favorite inflation measure,” accelerated in April. This worsens the central bank’s dilemma: Growth is clearly slowing, while inflation, already at crisis levels, is rising. Luckily, the genius chart makers at Incrementum AG are on hand with a new “In Gold We Trust” report that addresses this very issue. Here’s a short […]
May 27, 2023 | Lacy Hunt Update on Financial and Business Cycle
For those that want to skip to the bottom line, a discussion of the latest money flow data begins at the 29-minute mark on the play bar. Dr. Lacy Hunt and I discuss how excessive debt never ends well. Additionally, we explore the history and current structure of debt and interest rates relative to the […]
May 27, 2023 | Tech Talk for Saturday May 27th 2023
The Bottom Line Big cap technology stocks and their relation to Artificial Intelligence (AI) dominated upside technical action last week. Excluding stocks in this sector, most U.S. and Canadian equity sectors moved lower. Resolution of the U.S. debt ceiling has not arrived yet. New deadline officially is Friday June 5th, but unofficially the deadline is […]
May 26, 2023 | Fed’s Favored Core PCE Price Index Re-Accelerates, Driven by Services, Motor Vehicles: Inflation Stuck on High, Shifts from Item to Item
The inflation index favored by the Fed, the core PCE price index – which, by excluding the food and energy products, is a measure of underlying inflation – re-accelerated in April, as services inflation re-accelerated back into the red-hot zone, and as durable goods prices rose, after falling for months, driven by a jump in […]
May 26, 2023 | The Bank of Canada Sounds Worried
The Bank of Canada uses more alarmist language in its latest Financial System Review (FSR), a regular report that discusses the risks to the Canadian financial system. Should we be more worried about Canadian banks? Canadian central bankers write an assessment of the health of the Canadian financial system on a regular basis, highlighting risks […]
May 26, 2023 | Tech Mania Magnifies Downside From Here
In the latest AI-driven chapter of mania, chipmaker Nvidia has leapt 186% year to date and is trading about 15% above its November 2021 top. At less than $50 billion in expected 2023 revenue and a current market cap of $1 trillion, the stock is trading about 44x expected sales. Pure madness. There’s no math […]
May 25, 2023 | Chinese Illegals Entering America Surge over 900%
The US government is responsible for opening the border and allowing a full-scale invasion. They announced the end of Title 42, unlike other measures they keep hidden, and gave outsiders the information they needed to plan their invasion. There were numerous stories about Chinese spies infiltrating America. Companies were prohibited from conducting business with certain […]
May 25, 2023 | Deflationary Forces on Deck
Will Debt Debate Finish the Fed’s Inflation Battle? — DiMartino Booth joins Charles Payne of Fox Business News to discuss. Here is a direct video link. As shown below, inflationary pressures have come off hard year over year (Trueflation data here). As monetary and fiscal forces contract, recession, rising unemployment, excess supply, and overcapacity are formidable […]
May 24, 2023 | 30 Tons of Ammonium Nitrate Goes Missing
(video from Dyno Nobel’s YouTube channel) A lot of expensive and lethal weapons of war have been reported missing this week. There have been numerous train derailments in America this year, and trains containing lethal materials routinely do not make it to their final destination. A railcar holding over 60,000 pounds of ammonium nitrate left […]
May 24, 2023 | Recession Watch: 10 “Hard Landing” Charts
firmly in the rearview mirror. Most Americans still have jobs. And the debt limit pseudo crisis is in its final inning and — if history is any guide — will be resolved soon. So why does it seem like we’re tipping into a recession, or something much worse? The general answer is that behind the […]
May 24, 2023 | Now Playing: 6th Major Housing Downturn Since 1960s
The median new US home in April sold for $420,800 -15% lower than the peak last October. Less spending is evident in home improvement spending too. Yesterday, Lowe’s joined Home Depot in announcing a year-over-year decline in same-store sales (the first since 2009) with a marked fall-off in big-ticket purchases. Higher interest rates and falling […]
May 23, 2023 | Commercial RE: Mean Reversion in Progress
Of course we do not live in the future, but investors have to be prepared for it. Commercial RE prices fell 37% during the last downturn as investor expectations became too high in Sept 2007. And as is usually the case, when overly optimistic expectations are met with the reality that prices don’t […]
May 23, 2023 | Largest Property Owners Strategically Defaulting on Mortgages
Some property owners are defaulting on mortgages because they lack the cash flow to make payments; others are defaulting to cut investment losses and hand properties over to lenders. See, Top property owners are credit-worthy–they might default anyway: “The thinking was that the institutions would be the last to give the keys back, but it may […]
May 22, 2023 | France to Confiscate All Private Land by 2025
QUESTION: I am writing to you today to seek your expert advice on a much-discussed topic in France: the Lagleize Law. As you probably know, this law, if passed, could radically change the way property ownership is structured in France. The Lagleize law proposes to separate the ownership of the building from the land on […]
May 22, 2023 | Becoming Invisible, Part 3: Hiding From Google
The ultimate goal, of course, is to completely dispense with Google, Facebook, and all their surveillance capitalist brethren. But for most people (including me) that’s a huge leap into the unknown. So … baby steps. For now let’s say you’re using Gmail, the Chrome browser, and/or Google Search and you’d like to minimize the amount […]
May 22, 2023 | No Need to Panic, Yet
Happy Monday Morning! Inflation came in hotter than expected in April. Headline inflation ticked in at 4.4%, well above the 4.1% that was expected. It was the first month over month increase in the rate of headline inflation since June 2022. Naturally, panic ensured shortly thereafter. Markets immediately removed their expectations for a rate cut […]
May 21, 2023 | One-Third of Canadians Support Killing the Homeless – Modern Eugenics
Canada’s largest eugenics program is underway after MAID (Medical Assistance in Dying) was expanded to include those without terminal illnesses. Someone may qualify for MAID if they are simply “too poor to live with dignity,” according to the Canadian government. A recent poll found that, while most Canadians are against the idea, one-third support assisted […]