ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
August 23, 2024 | About That: Record Developer Insolvencies in Canada
Over the last year, more than 200 real estate developments in Canada became insolvent. Andrew Chang explains why, at a time of high demand for housing, a growing number of projects are falling through. Here is a direct video link.
August 23, 2024 | A Trump or Harris Win Could Lead To Very Different Outcomes
The U.S. election is less than 80 days away. The race is a dead heat, but only one of them will win and the impact on markets and the economy may be very different depending on who wins control of the White House, the House of Representatives and the Senate. Will a Trump or Harris […]
August 22, 2024 | Trump Explains Why the Establishment HATES Him
@dudetv Theo Von had donald Trump on his podcast #theovon #foryou #foryoupage #trump #funny ♬ original sound – DUDE ✓ We already know why the establishment hates Donald J. Trump. Socrates predicted a third party candidate would win the 2016 US Presidential Election. A Democrat turned Republican, Trump does not stand with either party as […]
August 22, 2024 | Toronto Condos Aren’t Selling
Mortgage rates are historically average today, but too high prices and insufficient household income levels remain a problem. Welcome to a buyer’s market without buyers. Condo sales in the GTA are down, according to the latest data from the Toronto Regional Real Estate Board, but the number of condos on the market is up. With […]
August 22, 2024 | Inflation in One Lesson
The high cost of living is the #1 financial problem for Americans today – and Milton Friedman’s explanation for inflation is probably close to the mark. In this 39 second video, Friedman claims that too much government spending and too much govt money creation is what causes inflation. “Consumers don’t produce inflation. Producers don’t produce […]
August 21, 2024 | A World Priced In Gold
Pretend, for a moment, that it’s 1971 and you’re President Richard Nixon (admittedly disturbing fantasies, but bear with me). You face the perennial government income/outflow dilemmas, and other countries, noting your struggle, are trying to cash their dollars in for your limited pile of gold bars. But this time around you don’t cave and “close […]
August 21, 2024 | Extreme Over-Valuations Suggest Years of Negative Returns
At 35x the average of the past decade’s earnings, adjusted for inflation, the S&P 500 basket of stocks is the third most expensive since 1871 (CAPE, in blue below, versus long-term interest rates in red, courtesy of Shillerdata.com). It is pricier than at the 1929 secular peak and more than twice the long-term median of 16x […]
August 21, 2024 | The Propaganda Behind Crypto
Now all we hear is how banks are suddenly investing in things like BITCOIN. The propaganda is just stunning, for it has once again proven that Julius Caesar was right more than 2000 years ago, and nothing has ever changed. Things like BITCOIN are a religion, and that is the problem. It would be […]
August 20, 2024 | Where You Store It: Don’t Trust, and Definitely Verify
When negotiating with the Soviet Union, Ronald Reagan’s oft-repeated slogan was “Trust, but verify.” Something similar applies to the world of precious metals, especially remote storage firms. But let’s go even further to: Don’t trust, and always verify. Here’s an example of why: A San Diego couple thought they’d invested in gold. Instead, they and hundreds of others […]
August 20, 2024 | Lucid Motors CTO Rawlinson on the Evolution of Electric Vehicles
Bloomberg Radio host Barry Ritholtz speaks to Peter Rawlinson, chief executive officer, chief technology officer and member of the board of directors at Lucid Motors Inc., where he is responsible for the company’s strategy and execution, as well as the creation and delivery of all Lucid products. Before Lucid, Peter was vice president of vehicle […]
August 19, 2024 | Kamala’s Economic Plan Will Destroy the US Economy & Lead to Food Shortages
Kamala Harris’ father was basically a radial communist. She is not far from her father’s ideas, any more than Bill Gates is different from his father’s fears of population when he created Planned Parenthood and stuck them in minority areas to reduce the population of blacks. No matter how many times Socialism has […]
August 19, 2024 | Keeping the Lights On
Happy Monday Morning! Big news on the housing supply front. Housing starts surprisingly rose to the highest level in more than a year. Construction was started on an annualized 279,509 units in July, according to CMHC. That’s the highest level since June 2023, and exceeded the 245,000 units expected by economists. Downturn? What downturn? Source: […]
August 18, 2024 | A Head Fake, Maybe
In basketball and other sports, a “head fake” means the player moves their head as if they are about to turn left or right, but then doesn’t do so. This can fool an opposing player into moving the wrong way. Head fake is a trading term, too. Some bit of information convinces investors a market […]
August 18, 2024 | Is Copper a Broken Story — Or Better Than Ever?
After a nice run in the first half of this year, copper suffered a serious correction, leading some to wonder if this story is broken: A recent post by commodities analyst Rick Mills answers that question. Here’s an excerpt from the (much longer) article: Benchmark Mineral Intelligence (BMI) forecasts global copper consumption to grow 3.5% to 28 million […]
August 18, 2024 | Time for a Holiday…
[I’m taking a summer break, so this will be my last commentary until after Labor Day. It will be the usual busman’s holiday for me, however, and actionable ‘touts’ for popular symbols will be updated ‘round-the-clock as always. Some recommendations will be accessible to non-paying subscribers, so be sure to check the home page regularly, especially if […]
August 17, 2024 | The Second Great Depression?
The coming economic collapse will not resemble the Great Depression. Yes, we are in a recession – but it will not be reminiscent of the Great Depression that began in 1929. For you see, the landscape is entirely different now. America was transitioning from an economy based on agriculture to industrialization. About 40% of […]
August 17, 2024 | $50K of ‘Value-Add’ For Only $8K
Remodeling your kitchen doesn’t have to cost you $50K (or more). Instead, you can do it for $8K – and the job will look EXCELLENT. Here’s how you can do it 1. Demo the existing counter tops and remove the cabinet doors and drawer fronts. Cost: $0.00 because you do it. 2. […]
August 17, 2024 | Tech Talk for Saturday August 17th 2024
The Bottom Line Focus this week is news from the Jackson Hole Symposium starting on Friday. Federal Reserve chairman Powell is expected to offer an outlook on U.S. inflation rates, employment rates and timing of a possible reduction in the Fed Fund Rate. Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.com Quarterly […]
August 16, 2024 | Inflation Will Be Sticky and Keep Interest Rates Up
U.S. consumer inflation has returned to normal. This week’s 2.9 percent year-over-year gain for the CPI is not low in the historical context. Expectations for more good news on inflation are unrealistic outside of recession. And interest rates will not come down enough to satisfy both equity investors and highly indebted borrowers. In the chart […]
August 16, 2024 | Will Merchan Order Imprisonment of Trump on September 18th?
This is the most bizarre election in American History, and given our computer wars, it will very likely be the last. This “acting” judge, Juan M. Merchan, is a prosecutor. How does an “acting” judge get the most important case in American political history? Prosecutor Bragg ran for election promising to take down Donald […]
August 16, 2024 | Pandemic Era Wealth Mirage Has Evaporated for Most
Stocks cheered yesterday on news that US households further eroded their savings in July, increasing retail sales by 1% while the average weekly earnings contracted by .1%. Year over year, retail sales volumes are running -.3% and full-time employment -.4%. Costco and Walmart are the best-performing retail companies. Everyday discounters are some of the few […]
August 15, 2024 | Kennedy Removed from New York Ballot
Robert F. Kennedy Jr. has been shunned from the 2024 US Presidential race since he first announced his decision to run. Another corrupt New York judge has ruled in favor of the establishment by banishing Kennedy’s name from the upcoming ballot due to a discrepancy in his address. Obviously, Kennedy meets the requirement of […]
August 15, 2024 | Recession to Slow Inflation and Spike Unemployment
Nancy Lazar, Piper Sandler global chief economist, joins ‘Money Movers’ to discuss whether Tuesday’s economic data changes any of the economists’ forecasts, whether the Federal Reserve has room to focus on its employment mandate, and more. Here is a direct video link. Also, see, Investors return to bonds as recession fears stalk markets: Investors are piling back […]
August 14, 2024 | Two Wars And Geopolitical Tensions Have Lifted The Crude Oil War Premium Over US$10/b.
A last ditch political effort led by the Biden Administration to get an interim ceasefire deal between Hamas and Israel will take place tomorrow and Friday in both Dhoha and in Cairo. Israel and Hamas are not talking directly but the diplomats are scurrying between rooms to get an agreement that stops the fighting and […]
August 14, 2024 | Is Britain a Major Short? Is the EU Waging war on Free Speech?
Britain has lost its historical roots and, thus, its mind. Britain has embraced the very idea of George Orwell’s 1984 as a good idea. They now engage in a desperate attempt to imprison anyone who dares to criticize the government because they know they are losing power. Instead of looking objectively at what they […]