ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
August 15, 2023 | The BRICS Currency: We’ll Know Soon
When a Russian spokesman announced that the BRICS (Brazil, Russia, India, China, and South Africa) countries were going to introduce a gold-backed currency at their August 22 – 24 Johannesburg meeting, that prospect — coupled with a complete absence of details — set off a frenzy of speculation about what exactly was coming. Will it […]
August 15, 2023 | The Collapse of the Rule of Law
COMMENT: Marty, I hear Trump is to be arraigned, this time the first with a mugshot that will certainly go viral worldwide, on Aug. 25th. This is immediately after the BRICS summit on Aug, 22-24 with discussions of a new non-dollar trading currency. I can’t believe these lunatics are going to prove to the world […]
August 15, 2023 | The Most Splendid Housing Bubbles in Canada: After a Rocking & Rolling BoC-Pause Season, the First Price Drops Reappear
The spring selling season, or rather the Bank of Canada “Pause” season, which had been a rocking and rolling hoot, is over, and the first price declines are here. The Canada Home Price Benchmark Index for single family houses fell by 0.5% in July from June, and by 0.9% year-over-year, to $834,500 (all prices in […]
August 15, 2023 | Tumbling Property Prices Bring Opportunity
In the second quarter of 2023, distressed commercial real estate volume grew by $8 billion–the largest quarterly increase since the second quarter of 2020. The WSJ reports that Wall Street firms are raising new funds to acquire office buildings, apartments and other troubled commercial real estate at a fraction of the price investors paid a few […]
August 14, 2023 | The Car of the Future Runs on Hydrogen
The three crucial pieces of the world’s energy future just fell into place for me. First, I saw this graphic about the energy density of uranium, which pretty much explains where humanity is going to have to end up: Then came this graphic from Ahead of the Herd’s Rick Mills depicting nuclear power’s “capacity factor,” which means […]
August 14, 2023 | Where Mortgage Rates are Going
Since Jan 2023, mortgage rates show a chart pattern that is characterized by higher highs and higher lows. The average rate on a 30-year fixed mortgage rose to 6.96% as of Aug 9th, 2023. Rates hit a 20-year high of 7.08% in Nov 2022. With the rate of inflation coming down, many real […]
August 14, 2023 | Deck Chairs on the Titanic
Happy Monday Morning! It’s been a few weeks now since the Trudeau government shuffled his cabinet ministers, naming both a new housing minsiter and a new immigration minister. However, as we discussed a few weeks ago in my piece, Same Faces, Different Places, nothing has fundamentally changed. These are the same people, and the same policy […]
August 14, 2023 | The Trump Florida Indictment Violates the Constitution
QUESTION: What is your legal opinion of former AG Barr and this judge in Florida? Barr seems to trash Trump with every breath he takes, and the media seems to emphasize that Trump appointed this judge, so she is biased over the whole grand jury issue. It would be great to hear your perspective. Thanks […]
August 13, 2023 | Danielle on CBC Weekend Business Panel
Danielle was a guest with Linda Ward on the CBC Weekend Business Panel. You can view a video of the segment here.
August 13, 2023 | The Car of the Future Runs on Hydrogen
The three crucial pieces of the world’s energy future just fell into place for me. First, I saw this graphic about the energy density of uranium, which pretty much explains where humanity is going to have to end up: Then came this graphic from Ahead of the Herd’s Rick Mills depicting nuclear power’s “capacity factor,” which means […]
August 13, 2023 | T-Bond Plunge Ahead?
Is Mr. Market about to deliver the coup de grace to bond bulls? It certainly appears that way. They’ve been getting schmeissed regularly since a frightening few days back in March 2020. At the time, investors were struggling to decide how covid would affect their financial lives. The wild gyrations near the top, followed by the subsequent collapse of […]
August 13, 2023 | Pfizer An Organized International Crime Operation?
Pfizer is part of 2032. They have so corrupted government on a global scale that has resulted in countless unreported deaths that our trust in government itself is crumbling before our eyes. Very few people are willing to stand up against this corruption. The politicians circle the wagons to protect their corruption. They will not […]
August 13, 2023 | Turning Time, Part 3
The Old Testament portrays King Solomon as the wisest of all men. In addition to recording his wisdom in the book of Proverbs while dealing with 700 wives and 300 concubines, he also became a chart-topping songwriter in the 1960s (some 3,000 years after his death) with a little help from Pete Seeger and the […]
August 12, 2023 | Consumer Foreclosures, Bankruptcies, Delinquencies, and Collections: Checking on the Hangover of our Drunken Sailors
Our Drunken Sailors have been out there spending money, and some of it comes from their surging income that has been outrunning inflation finally this year, and they’re spending money from their investment gains and from surging interest income from CDs, money market funds, Treasury bills, and savings accounts. And some are spending money they’ve […]
August 12, 2023 | FBI Carry Out Hit for Joe Biden
We all know that the intelligence agencies have become President Biden’s personal Gestapo. Biden is now permitted to carry out hits on those who defy him. Craig Robertson, a Utah resident, threatened the president on social media. Robertson is now dead. “I hear Biden is coming to Utah. Digging out my old ghille suit and […]
August 12, 2023 | Trading Desk Notes For August 12, 2023
Interest rates keep rising. The 1-year T-Bill yield is at 22-year highs Treasury yields are rising as governments issue more debt to “fund” the difference between income and expenses. People will buy US government debt, but at what price? Governments have discovered that voters like fiscal stimulus (expect it to continue) and don’t care about rising deficits […]
August 12, 2023 | ECRI: Recession Still Imminent
Independent measurements and insights (i.e., not coming from investment sales firms) are very rare and valuable. You have to know where to look and also want to see. ECRI’s Lakshman Achuthan updates on the business and market cycle in the segment below, starting at 3:50 on the play bar. MacroVoices welcome ECRI @businesscycle co-founder Lakshman […]
August 12, 2023 | Tech Talk for Saturday August 12th 2023
The Bottom Line Now is the time for intermediate swing traders to become patient! Led by the “Magnificent Seven” big cap technology stocks, U.S. equity indices came under short term trading profit taking pressures last week. Intermediate term and long term momentum data available at the end of this report shows that the S&P 500 […]
August 11, 2023 | London Riots
Hundreds of teenagers formed a mob and descended upon Regent Street in London after police issued a riot dispersal order at Oxford Street, as they were storming local stores and just looting everything. There has been a growing trend on social media calling for riots and looting in JD Sports. They shared posts on TikTok […]
August 11, 2023 | Deflation Risk in China is Real
The risk of deflation in China is real. A moderating pace of growth, large private sector debts and a slowdown in the crucial property sector suggest lower income, prices and deflation. Is China entering a debt deflation spiral? China has enjoyed a longer-than-four-decades income and wealth expansion that has rarely happened in the thousands of […]
August 11, 2023 | Recession Watch: October Surprise?
One of the things that kept many Americans financially afloat these past few years is the fact that student loan payments were suspended. That bought some time but apparently didn’t solve the underlying problem of low wages in an increasingly expensive world. Because it’s now becoming common to use credit cards to cover day-to-day expenses. […]
August 11, 2023 | Oxford Economics: Canada’s Real Estate Downturn “Far From Over”
After past housing bubble peaks in Canada and elsewhere, home prices contracted 25%+ nationally and stayed relatively flat in the following decade or so. That allowed incomes to advance on shelter costs and restore affordability over time. A similar pattern is the base case this time, as well. Much needed. Tony Stillo, director of economics […]
August 10, 2023 | JUST US – The Rising Tide of Civil Unrest
I have said that the reason they indicted Trump’s valet as a co-defendant in the Mar-a-Lago, was to pull the standard “extortion” where he is to perjure himself for the government or face 120 years in prison. This is how they win Conspiracy Cases. Federal Judge Jed. S. Rakoff wrote a book on the extortion […]
August 10, 2023 | Record Debt Payments and Rising Unemployment
US household debt has surpassed a fresh record of $17.1 trillion. $12 trillion is in mortgages (more than twice the 2006 bubble top), $1.6 trillion in auto loans, and over $1 trillion in credit card debt, all with the highest interest rates in 22 years and rising unemployment. Courtesy of Bloomberg, the chart below shows the […]
August 9, 2023 | Ramaswamy has Near Fatal Plane Accident
There is a price to pay for going against the global elite. I reported how GOP presidential candidate Vivek Ramaswamy sued the World Economic Forum and won. Shortly after, his plane lost oxygen mid-flight and was forced to make an emergency landing. “Due to an unexpected cabin depressurization issue in his plane, Vivek Ramaswamy was […]