August 24, 2023 | BRICS vs The US Dollar Trading World

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August 24, 2023 | AI and Robots, a Serious Threat to Your Job

High mortgage rates keeping housing inventory tight

August 24, 2023 | Will China’s Real Estate Crisis Reach North America?

Can you expect more housing on the market this fall?

August 23, 2023 | Home Sales Plunge Further as Demand Vanished at these Prices. Even Cash Buyers Pull Back. Supply Keeps Rising

Sales of previously owned homes (houses, condos, and co-ops) fell further, by 2.2% in July from June, to a deep-dismal seasonally adjusted annual rate of sales of 4.07 million, the lowest since January, which had matched the March 2020 lockdown low, which had been the lowest since the Housing Bust in 2010, even as the median […]

August 23, 2023 | Historic Opportunities Will Emerge From Building Economic Chaos

The Wave of Unaffordability Just Starting

August 22, 2023 | Ticking Time Bomb

  I’m still convinced a “Code Red” market emergency exists in COMEX silver based upon the extremely large positioning changes for the reporting week ended July 18. That week, there was massive managed money buying and commercial selling. I concluded silver would either explode in price or get smacked down by commercial price rigging and […]

August 22, 2023 | Tougher Times For The Masses

Today’s home affordability is the lowest on record, thanks to elevated prices and the highest mortgage rates in 23 years (US home affordability index below since 1997 courtesy of Goldman Sachs). Not to mention leaping insurance, utilities, property taxes, maintenance, and interest costs on the many other debt types. These are tough times for the masses. In […]

August 21, 2023 | Affordability Hell

Happy Monday Morning! Headline CPI inflation surprised to the upside this past week, pushing back up to 3.3% and well above market expectations of 3%. However, those who have been following along here will know the importance of base effects. When headline inflation fell to 2.8% last month we were quick to highlight some research […]

August 20, 2023 | Thoughts on Rent, the Fed, and Bonds

[The following was sent out to clients in late July by my friend Doug Behnfield, a wealth manager and senior vice president at Morgan Stanley Wealth Management in Boulder, CO. Long-time followers of Rick’s Picks will be familiar with Doug’s work, since his thoughts have appeared here many times. I have always considered him not only one of […]

August 20, 2023 | Credit Crisis: Curve and Spreads: Both Now Warning

In March the Yield Curve inverted as short rates rose above long rates. We use the 2s to 20s and the inversion has always been followed by a recession, without exception. The warning becomes more acute as the Curve reverses, which it is doing now. A slowing economy reduces the ability to service debt with […]

August 19, 2023 | Trading Desk Notes For August 19, 2023

A quick report this week – my Golf Club Championship demands my participation! Interest rates keep rising The 10-year US Treasury yield hit a 16-year high of>4.3% this week. Short rates are at 20+year highs, 10-year reals touched 14-year highs, UK Gilts touched 25-year highs, and Canadian 10-year government bonds hit 13-year highs. A stronger-than-expected US economy, […]

August 19, 2023 | This Week in Money

• Ross Clark –  Stock Markets, Crude Oil, USD, Canadian Dollar, Gold
• Gerald Celente – (10:27) China, World Trade Organization, US Dollar, Gold, Debt
• Eric Hadik –  (38:24) Cycles – Gold, USD, Stock Markets
• Zarko Meseldzija –  (59:27) CEO of RecycLiCo™ Battery Materials Inc. on company showcase –  CEO Discusses Recent Collaboration with Nanoramic. Update on company AGM and bonus giveaway!  Read Electric Autonomy Article – “Ford, South Korean Partners Building $1.2-Billion Battery Cathode Factory in Quebec“.  Read Futurity Article – “Cracks in Lithium-ion Batteries Actually Speed Up Charging“.  Read Benchmark Minerals Article – “US DOE says Battery Minerals Lithium and Graphite Now Considered “Critical”“.   Read CleanTechnica Article – “World EV Sales Now 19% of World Auto Sales! “  
  Fully Charged Show!
  Watch – We upcycle cathode scraps and black mass into higher-value battery materials!
  Video  – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada.
  Questions?  Email or Phone: 778.574.4444

August 19, 2023 | China’s Great Slowdown

A glut of Chinese homes and goods, with falling domestic consumption, suggests less demand for global commodities and a deflationary impulse through the rest of the world. China’s momentum is fading after decades of supercharged growth. A much anticipated post-pandemic recovery appears to have flopped, with data flashing warning signs across the economy. The government’s […]

August 18, 2023 | Inflation Moderates But Still Could Bite Hard

The headline measure was recorded as 3.2 percent from a year ago, while the closely watched core CPI was a more troublesome 4.7 percent. Is inflation beaten yet? In the mid-1970s a concentrated advertising campaign was orchestrated by the U. S. government to demonstrate a willingness to beat inflation at all costs. President Ford named […]

August 18, 2023 | More Signs of China’s Crumbling Economy

Will US consumer spending lead to a “soft landing”?

August 18, 2023 | RecycLiCo™ Battery Materials Inc. CEO Discusses Recent Collaboration with Nanoramic

Update on company AGM and bonus giveaway! Read Electric Autonomy Article – “Ford, South Korean Partners Building $1.2-Billion Battery Cathode Factory in Quebec“. Read Futurity Article – “Cracks in Lithium-ion Batteries Actually Speed Up Charging“. Read Benchmark Minerals Article – “US DOE says Battery Minerals Lithium and Graphite Now Considered “Critical”“. Read CleanTechnica Article – […]

August 17, 2023 | Rigging Elections – Open Your Eyes

COMMENT: You are just a Trump supporter. The 2020 election was not rigged. Get over it. WH ANSWER: I’m sorry you refuse to look at it objectively. I was asked to put in $10 billion, and they were rigging the 2000 Russian election. Here is a tape of former CIA Chief James Woolsey admitting that […]

August 17, 2023 | Could a 27% Drop Happen to Some Stock Markets?

Why crude remains a solid investment

August 17, 2023 | China’s Economic Woes Slowing Demand for Oil

Natural Gas prices to spike as Europe stocks up for winter

August 17, 2023 | Crude Oil, US Dollar Interest Rates, Gold, China

Uranium, Cannabis

August 17, 2023 | What are the Odds Fed Will Hike Rates?

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August 16, 2023 | Oliver Anthony’s Song Goes Viral

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 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 […]