June 9, 2023 | US Hotel Developers Hit By Drying Up Credit

Negative Interest Rates return almost $2 trillion to Bank of Japan

June 8, 2023 | Bank of Canada Strikes Again

Yesterday, concerned about lagging inflation readings and renewed froth in Canadian housing markets, the Bank of Canada came off its pause since January and announced yet another 25 bps hike. Now at 4.75%, the dramatic 450bps of rate increases since March 2022 are shown below from the BOC website, all in addition to quantitative tightening (liquidity withdrawal […]

June 8, 2023 | US Economic Stats Don’t Match Actual Economy

AI has to cure a lot of its stumbling blocks

June 8, 2023 | “Spitting Fucking Angry”

• Mark Friesen – Genocide cover-up in Canada? Follow Mark on Twitter  Facebook and Rumble

June 7, 2023 | The Bank of Canada Un-Pauses, Hikes 25 Basis Points, Second Central Bank to Un-Pause on Resurging Inflation Fears

The Bank of Canada un-paused today, after having “paused” following the January hike. The pause had been widely ballyhooed as the end of the rate hikes and a pivot toward rate cuts. Those hopes have now been bitterly disappointed. Everyone is figuring out that this inflation isn’t just fading away on its own. Today it […]

June 6, 2023 | Art Of The Collapse, June 2023

Let’s start with the ongoing debate over who owns public spaces. In New York’s subways, is it mental patients or commuters (with their “sometimes delicious faces”)? In Australia, is it government bureaucrats or so-called “peaceful protesters”? On a less contentious note, Oxi-Clean has released a new ‘Clinton-Strength’ Formula guaranteed to get blood out of carpet:   In […]

June 5, 2023 | Real Estate, Blackrock & Dodd-Frank

QUESTION: Mr. Armstrong, I have a question about Blackrock buying up all these homes. It seems that the Dodd-Frank bill empowered Blackrock to buy up all of these homes and rent them out. Was this all rigged for their benefit? Thank you for being a rare light of truth in these dark times. ED ANSWER: Dodd-Frank Title XIV […]

June 5, 2023 | $50 and Beyond

The explanation for why gold and silver prices fell recently is deliberate and collusive paper futures contract positioning on the COMEX. While this is certainly nothing new for subscribers, it is still mostly outside the comprehension of a wide swath of precious metals observers and commentators (and regulators). To be sure, the paper positioning of […]

June 4, 2023 | Another Look at the Financial Transactions Tax That Could Eliminate Need for All Others

A small financial transactions tax could correct a number of maladies in our economic system, from the federal debt crisis to the widening wealth divide to the rampant financialization of the economy, while eliminating taxes on income and sales. The debt ceiling crisis has again brought into focus the perennial gap between what the government […]

June 3, 2023 | Trading Desk Notes For June 3, 2023

Up, up and away? The Nasdaq 100 futures had their highest weekly close this week since March 2022, up ~32% YTD; the S&P 500 index had its highest weekly close since April 2022, up ~11% YTD, while the DJIA had its highest weekly close since…last month, and is up ~2% YTD (imagine what the DJIA would […]

June 3, 2023 | This Week in Money

• Ross Clark –  Stock Markets, US Jobs Report, Uranium
• Victor Adair – (11:31) High Tech, Energy, Gold, USD, Canadian Dollar
• Bob Hoye –  (50:05) AI Mania, Business Headlines

June 2, 2023 | Artificial Intelligence is Generating a Stock Market Frenzy

The latest investment hype is based on widespread investor interest in Artificial Intelligence (AI). Nvidia, a company that makes computer chips for AI, is trading at huge multiples of earnings that have only been seen in extreme bubbles like the dot-com era of 1999. Is AI a genuine investing opportunity? AI is generating a frenzy […]

June 1, 2023 | Poilievre Reminds Trudeau of His School Sex Scandal

Pierre Poilievre may have momentarily humbled Justin Trudeau after knocking him off his high horse. Poilievre demanded answers regarding inflation in Canada, specifically the growing costs of groceries. Trudeau wants to increase the carbon tax by over C$0.40 cents per liter to C$0.61 cents, guaranteed to increase the costs of essential items at a time […]

June 1, 2023 | Is the Rush to AI a “Bull Trap”?

Will new life be injected into Gold this summer?  Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

June 1, 2023 | Condo Investors are in Big Trouble

Is AI mania distracting from stock market problems?

June 1, 2023 | Will AI Set Up a Dot-Com Type Bust?

Gold and Silver showing strength through summer

May 31, 2023 | Fall Of American Empire and Descent into a New Dark Ages

“The story of its ruin is simple and obvious; and, instead of inquiring why the Roman Empire was destroyed, we should rather be surprised that it had subsisted so long. The victorious legions, who, in distant wars, acquired the vices of strangers and mercenaries, first oppressed the freedom of the republic, and afterwards violated the […]

May 31, 2023 | That was Fast: Mortgage Rates Re-Spike to 7% Range as it Sinks in that the Fed Won’t Cut Rates “Anytime Soon,” Mortgage Applications Plunge to 1995 Levels. Even Investors Pull Out

The 7% mortgages are back. The average interest rate on 30-year fixed-rate mortgages with conforming balances jumped to 6.91%, the highest since November, according to the weekly measure by the Mortgage Bankers Association today. The daily measure by Mortgage News Daily already went over 7% a few days last week and earlier this week. “Inflation […]

May 30, 2023 | Retail Bellwethers Warn on Recessionary Trends

Last week, Costco joined the long line of retail bellwethers sounding the alarm on recessionary trends in consumer spending. It’s everywhere. It’s everywhere. See What Costco’s baskets reveal about consumer finances, to wit: The latest evidence came from Costco whose average customer tends to be higher income. The retailer on Thursday said comparable sales excluding fuel in constant […]

May 29, 2023 | Money at Stake

Happy Monday Morning! The blistering hot spring market, which has been plagued by a twenty year low in new listings across the country is finally starting to simmer. This is welcoming news for home buyers, whom instead of competing with six other buyers might only have to compete with three other groups on offer night. […]

May 28, 2023 | Pfizer – The New Evil Empire?

I warned that our computer was projecting that Pfizer was making a major peak. Many could not see how that forecast would be correct. Here we are and Pfizer is not a company you want to work for or invest in. Seriously, anyone who has a family member working at Pfizer should cash out before […]

May 27, 2023 | Trading Desk Notes For May 27, 2023

Nvidia Following a quarterly report described by one analyst as “The greatest beat of all time,” Nvidia’s market cap soared by >$200 Billion on Thursday, the largest one-day value increase of any company in American equity market history. The company’s market cap at the beginning of this year was ~$350B; at Friday’s close, it was ~$960B. The share price at […]

May 27, 2023 | This Week in Money

• Ross Clark –  AI, Dot Com, Cryptos, Cannabis, Oil, Gold, USD, Canadian Dollar
• Rick Ackerman – (10:13) Customer Service, Commercial Real Estate, AI Mania
• Robert Campbell – (36:15) Real Estate, Interest Rates, Inflation
• Shaheem Ali – (1:18:43) CFO RecycLiCo™ Battery Materials Inc. on Company Showcase –  Batteries Will Be Dying To Do Business with RecycLiCo™.  RecycLiCo™ CFO Shaheem Ali updates on the Company and the Market.  Read the Latest News.  Read The New York Times Article – “The U.S. Needs Minerals for Electric Cars. Everyone Else Wants Them Too“.  Read Chemistry World Article – “Battery Recyclers Race to Increase Capacity and Efficiency“.  Read Battery News Article – “Batterie-Recycling in Nordamerika“.  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: 778.574.444

May 26, 2023 | Fed’s Favored Core PCE Price Index Re-Accelerates, Driven by Services, Motor Vehicles: Inflation Stuck on High, Shifts from Item to Item

The inflation index favored by the Fed, the core PCE price index – which, by excluding the food and energy products, is a measure of underlying inflation – re-accelerated in April, as services inflation re-accelerated back into the red-hot zone, and as durable goods prices rose, after falling for months, driven by a jump in […]