ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 10, 2024 | Made in Mexico
US manufacturing is in trouble as companies move offshore to avoid taxation, high wages, and asinine green legislation. John Deere, an American branded company, announced it will move manufacturing from Illinois to Ramos, Mexico. This is part of a growing trend of companies simply finding it difficult to turn a profit in the US. […]
July 10, 2024 | US and China Crude Demand Sluggish – WTI Should Decline Below US$80/B in The Near Term
The US Presidential election continues to keep observers riding a roller coaster as they watch the Democrats agonize over keeping current President Biden or forcing him to resign due to his age and mental lapses. The ‘ring of power – the oval office’ then goes to his Vice-President Kamala Harris and she then gets to […]
July 10, 2024 | Time Lags Have Magnified Risk Exposure and Complacency
In the second quarter of 2024, big tech companies drove the S&P 500 up 4.3%, while the Russell 2000 index of economically representative small and midsize stocks fell 3.6%. The five most expensive S&P 500 companies now make up a record 29% of the US market capitalization–the narrowest concentration since 1965 and more extreme than […]
July 9, 2024 | Household Debt in Canada Exceeds 100% of GDP
World leaders spend recklessly with no regard for the overall economy. Canadian Prime Minister Justin Trudeau has fallen out of favor for one primary reason – the cost of living is too high. Canada is deeply indebted, and now ranks the third-highest nation in household debt in the world. Switzerland and Australia are the […]
July 9, 2024 | Used Car & Truck Prices Spiral Down Further in Historic Plunge, Surrender 60% of Stunning 2-year Spike
Prices of used cars, SUVs, pickup trucks, and vans that were sold at auctions across the US fell by 0.6% in June from May, and by 8.9% year-over-year, to $17,934, seasonally adjusted, the lowest since March 2021, having given up 60%, or $5,640, of the mindboggling $9,443-spike between January 2020 and May 2022 (red in […]
July 9, 2024 | Elon Musk Partners with World Economic Forum
I like Elon Musk for his innovative mind and willingness to speak out against the establishment. Is he part of the controlled opposition? I did not believe it to be true until his recent dealing with the World Economic Forum. Musk himself deemed the ESG policies of the WEF to be “satanic” only one […]
July 8, 2024 | Ford CEO on the Rapid Evolution of Electric Vehicles
For those of us who’ve benefited from driving an EV for years already, it is a relief to hear mainstream leaders finally drop the opposition and misinformation to embrace the obvious. Ford CEO Farley does an excellent job of articulating facts in this segment. Ford CEO Jim Farley joins CNBC’s Julia Boorstin for a discussion […]
July 8, 2024 | Recession Watch: Jobs and Real Estate Head South
US financial headlines remain in Goldilocks territory (prompting all those “Why don’t Americans know how good they have it??” diatribes from the MSM). But under the surface, the drumbeat of negative data continues. Today, let’s consider jobs and real estate: Jobs Official reports of plentiful jobs and low unemployment are possible because the government is […]
July 8, 2024 | Whistleblower
Happy Monday Morning! Canada is a great country, we are a rich country with an abundance of natural resources, good people, and a generally stable democratic system. There is so much to look forward to, so much potential, however, there’s no doubt we have stumbled in recent years. This is largely due to poor policy, […]
July 8, 2024 | Elon Musk Partners with World Economic Forum
I like Elon Musk for his innovative mind and willingness to speak out against the establishment. Is he part of the controlled opposition? I did not believe it to be true until his recent dealing with the World Economic Forum. Musk himself deemed the ESG policies of the WEF to be “satanic” only one […]
July 7, 2024 | Nostalgic for Summer Doldrums?
The dog days of summer have returned with a vengeance to Florida this year, especially in my home. The air conditioner’s condenser coil sprang a leak, which is hardly unusual considering that it’s eight years old. What is unusual, and causing more than a little inconvenience, is that the broken part will take a month […]
July 7, 2024 | Meditations on Independence
I am writing this letter on the afternoon of July 4th, so it is natural to think about our government and independence. I want to comment on the Chevron case which is blowing up my X (Twitter) feed as well as my news feeds, both for and against. It is both less and more than […]
July 6, 2024 | Necons Should Be Tried for Treason
My sources have confirmed that not only did Russia make a stop in Cuba, but China is also present, and they are constructing spy installations to watch what is going to take place, especially with our elections. Most likely, they will put missiles in Cuba in retaliation for this Proxy War to conquer Russia. […]
July 6, 2024 | Trading Desk Notes For July 6, 2024
Big-cap tech leaves the rest of the market behind The NAZ closed green on each of the four days markets were open this week, once again powered by Big-cap tech. It is up ~21% YTD. The Russell 2000 closed lower this week and is slightly lower YTD. The DJIA, which includes AMZN, MSFT and AAPL, is […]
July 6, 2024 | Tech Talk for Saturday July 6th 2024
The Bottom Line The Summer Stock Market Rally from late June until at least the end of July has started. Corporate focuses this week are on second quarter results released on Friday by U.S. money-centered banks (including JP Morgan Chase, Wells Fargo, Citigroup and Bank of New York Mellon): According to www.FactSet.com “Bank earnings season […]
July 5, 2024 | Fed Balance Sheet QT: -$34 Billion in June, -$1.74 Trillion from Peak, to $7.22 Trillion, Lowest since November 2020
otal assets on the Fed’s balance sheet dropped by $34 billion in June, to $7.22 trillion, the lowest since November 2020, according to the Fed’s weekly balance sheet today. Since the end of QE in April 2022, the Fed has shed $1.74 trillion. At its FOMC meeting in May, the Fed outlined how it will slow […]
July 5, 2024 | An Early Indicator of Recessions is Very Useful For Investors
On July 5, 2024, the unemployment rate in the U.S. was announced at 4.1 percent. This report appears to have triggered an extremely reliable recession indicator. The Sahm Rule, named after former Federal Reserve economist Claudia Sahm, says that if the unemployment rate rises by 0.50 percent from the bottom a recession has already […]
July 5, 2024 | Study: Vaccines had “NO Beneficial Effects”
YouTube recently removed an interview I participated in with Palisades Radio for mentioning this study. I have posted the video on Rumble at the bottom of this article and it can also be found on X and Spotify. “Differential Increases in Excess Mortality in the German Federal States During the COVID-19 Pandemic”conducted by Christof Kuhbandner, PhD, Professor […]
July 5, 2024 | US Commercial Stocks Fell Sharply Last Week Lifting WTI Prices. Exports Rose To 4.4 MB/D.
Politics is front and center as the debate last week showed President Biden is not up to the job now and definitely not for a second term. Even members of his own party are disillusioned and are looking for someone to grab the baton at the August Democratic convention (August 19-22). Elections in the UK […]
July 5, 2024 | Treasuries See Recession-Style Employment Trends, Stocks Should Too
The US unemployment rate in June ticked up to 4.1% (from 4% in May, red line below since 2021, and 70 basis points above the 3.4% cycle low in 2022). Full-time job creation fell to a 39-month low and part-time job creation reached a 33-month high while April and May job estimates were revised lower. […]
July 4, 2024 | Where You Store It: Choosing a Country for Offshore Gold
Deciding to store gold and/or silver offshore is just the first step in a long process. Choosing a country and a storage service, then contracting to buy or ship the metal, are all make-or-break decisions. And very few newcomers to offshore storage understand everything. So here’s a just-released article from offshore specialist Nestmann Group that answers the […]
July 4, 2024 | Real Estate Bust Has Compound Impacts
The Greater Toronto Area (GTA) is home to approximately 8 million Canadians (about 20% of the country’s population) which account for some 20% of Canada’s Gross Domestic Product (GDP). For context, the GTA is as important to Canada’s economy as the eight largest US cities are to the American economy. In terms of provincial per […]
July 3, 2024 | The Reason Biden Was Permitted to Debate Trump
The first presidential debate of the year was a humiliating moment for our nation. Does one even need to bother discussing the questions mentioned when the public was in utter shock at the current president’s physical and mental state? Joe Biden was sent to the podium as the sacrificial lamb of the DNC. His […]
July 3, 2024 | From the Archives: Ancient Evil…
As this newsletter’s archives expand, it’s becoming clear that some posts didn’t age well at all. They should stay buried. But others were early and have actually become more relevant as things unfold. So once a week I’m going to republish one of the latter posts The following (from July 28, 2023) needs no explanation in light […]
July 2, 2024 | Trump’s Sentencing Called in Question Moved to September
We have a MOST interesting problem in this New York case where Trump was found guilty on 34 counts concerning the falsified documents that were created in 2017, while President Trump was in office as President. Trump’s lawyers are NOT arguing that the Trump Organization checks the president signed were official duties. However, the prejudice of the prosecutor and […]