ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
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 […]
July 2, 2024 | Art of the Collapse, July 2024
FBI Firearm Training Facility Replaces Paper Targets With Copies Of The Constitution Babylon Bee, Washington, D.C. — In a completely innocuous and in no way concerning recent update, the FBI Training Facility for Firearms and Small Weaponry has replaced all of its paper targets with copies of the Constitution of the United states. According to […]
July 1, 2024 | Supreme Court Rules on Trump’s Immunity
Trump Immunity Decision The Supreme Court’s decision on Trump’s immunity is out today. The Supreme Court ruled 6–3 that presidents enjoy immunity from criminal prosecution for official, but not unofficial, acts. They also noted that even comments that he thought the election was rigged as so many other people, “So most of a President’s […]
July 1, 2024 | Hussman on Thoughtful Money
Happy Canada Day! Today’s guest is one of those who smartly navigated the past 2 great market corrections. He now thinks we stand at the precipice of a 3rd — and he’s ringing a bell for anyone who will listen. To hear why and what he advises we do about it, we have the great […]
June 30, 2024 | Debtors and Creditors
The giant federal debt we’ve been talking about isn’t just borrowed money. It is also lent money. Loans are two-party transactions. One side receives temporary use of cash which it agrees to repay with interest. The other gives up the current use of that cash in exchange for receiving interest. Ideally, it works out for both… […]
June 30, 2024 | Brussels has More Power Than Rome – Italy Balks at Climate Change Agenda
Italy’s new PM, Giorgia Meloni, is learning that she cannot pick and choose what policies Italy would like to adopt from the ruling authority in the European Union. I was willing to give Meloni the benefit of the doubt after she rose to power from virtually nowhere as a perceived anti-establishment, right-winged nationalist candidate […]
June 30, 2024 | Dollar Derangement Syndrome
Of all the markets tracked by Rick’s Picks, the dollar arguably has been the most interesting. This might seem paradoxical, given the relatively placid look of the Dollar Index chart above. Although there has been moderate turbulence since early last year, the overall impression is of a transoceanic flight cruising within a vertical range of several […]
June 29, 2024 | Trading Desk Notes For June 29, 2024
The bond market had a bad Friday This week, price action across asset classes was “mid-summer quiet” ahead of Thursday’s Presidential debate and Friday morning’s PCE report. There were no dramatic market moves immediately following the debate, and the PCE data early Friday was pretty much as expected, perhaps even a shade “benign” in that […]
June 29, 2024 | Health Prepping: Microbiome Maintenance is Key to…Everything
Among the keys to a long, healthy life are exercise, sunshine, and not smoking. But the most important of all might be maintaining a balanced microbiome. Here’s a quick primer: The term “microbiome” refers to the trillions of bacteria, viruses, fungi, and other microscopic living things that exist mainly inside our intestines and on our […]
June 29, 2024 | Tech Talk for Saturday June 29th 2024
The Bottom Line The stage is set for the Summer Rally. See comments below Economic News This Week June ISM Manufacturing PMI released at 10:00 AM EDT on Monday is expected to increase to 49.0 from 48.7 in May. May U.S. Construction Spending is released at 10:00 AM EDT on Monday. Federal Reserve Chairman Powell […]
June 28, 2024 | Trump vs Biden Debate – The Setup for Hillary
Welcome to the fix. CNN was proud to announce that this was the first debate to ever take place BEFORE each candidate was actually nominated by their respective parties. The reason for this was to set the stage for Democrats to move to replace Biden with Hillary. CNN moderators did an amazing job of […]
June 28, 2024 | The Financial Stability Report Highlights Some Warnings About The Health of the Canadian Financial System
The resilience of Canadians and the Canadian financial system is very important to Canadians. The Bank of Canada monitors this, and reports that the financial system is sound. But there are a large number of mortgage renewals and payment adjustments about to hit over the next few years. In a recent speech Tiff Macklem, BOC […]
June 27, 2024 | Warner Brothers & CNN Disaster
QUESTION: Mr. Armstrong, Socrates has been so bearish on CNN’s owner, Warner Brothers, and the dabate is so rigged that other networks are even up in arms over CNN’s rules. We sold down all our institutional holdings in Warner Brothers, thanks to Socrates. Do you think this stock will collapse due to this debate that looks […]
June 27, 2024 | Total US Energy Stocks Rose 9.4 MB Last Week. WTI Crude Should Breach US$80/B in the Coming Days
Mixed economic data continues to sway markets from euphoria to concern as each data piece is scrutinized for signs of economic progress with declining inflation or signs of economic weakness and job layoffs with rising inflation. Canada got a surprise on the inflation front on Tuesday with the core May CPI (month over month) which […]
June 26, 2024 | Easy Money Has Yielded a Vicious Payback Period
Interest rates and high debt levels are biting hard in Canada; the economy is weak, and layoffs are rising. Toronto’s new home sales were down 71% compared to May 2023, with new condo sales down 75% and new single-family home sales down 65%. The same period saw an increase of 20,427 new home listings in […]
June 25, 2024 | Inflation in Canada Throws Another Curveball: Core CPI Spikes Month-to-Month by Most since 2022
When the Bank of Canada cut its policy rates by 25 basis points earlier in June, it based that cut on the inflation rates that had cooled sharply, and it based further cuts on these trends continuing. But leery of just the sort of reversal inflation dished up today, BOC governor Tiff Macklem said at […]
June 25, 2024 | Lags Demand Respect
The US 10-2yr Treasury yield curve has been inverted (two-year yields higher than ten-year) for 23 months since July 2022. An inversion in this spread has preceded the onset of every recession in the last 50 years by an average of 10 months. Generally, longer-than-average inversion periods (11 months Sept 12, 1980 to Oct 23, […]
June 25, 2024 | Did Real Estate Peak with the ECM in May 2024?
COMMENT: Marty, you are by far the greatest long-term forecaster ever. I worked on the floor in 2007 when the market crashed on the exact day of your ECM. Everyone called it Armstrong’s Revenge. That was the very day of the high in the Shiller Real Estate Index for 2007. I know you say […]