December 8, 2022 | Canada’s Bursting Real Estate Bubble, Higher Interest Rates and the Economy

Tesla and Twitter

December 8, 2022 | Canada Recession in 2023?

Interest Rates, Mortgages, Auto Sales, EVs

December 7, 2022 | Bank of Canada Will Pause as Financial Conditions Tighten in 2023

The Bank of Canada raised policy rates another 50bps today, taking base rates in the banking system to 4.25% from .25% at the start of the year. As we look into 2023, it bears remembering that monetary changes move through the economy with lags of up to two years. The Bank of Canada explains on their […]

December 6, 2022 | The Bulk of Losses Come After The Fed Stops Hiking

December 14 is expected to mark the US Fed’s 7th consecutive rate hike this cycle with a 50bp increase that will take the fed funds rate to 4.25-4.50%, the highest since December 2007. Chair Powell says they intend to hike more in 2022. We shall see! As of last Friday’s close, the 10-year minus 3-month […]

December 5, 2022 | Collateral Damage

Lots to unpack this week so let’s dive in. Sales figures for the month of November are making for more negative headlines, as they probably should. There is little optimism in the latest data. Greater Vancouver home sales were down 53% on a year-over-year basis. Over the past two decades there have only been two […]

December 4, 2022 | Maybe 2023 Won’t Be So Bad

Last week’s commentary went full contrarian with the seemingly nutty idea that 2023 could be a dull year for investors despite the looming possibility of a global economic collapse. Inflation, deep recession, war, disease and political unrest are just a few of the factors that could bring a badly limping financial system down. But suppose […]

December 3, 2022 | HHS & Children Sex Trafficking?

December 3, 2022 | This Week in Money

• Ross Clark –  Stock Markets, Santa Claus Rally, Gold, Silver
• Robert Campbell –  (09:45) Interest Rates, Real Estate Bear Markets
• John Rubino –  (59:50) Inflation, Recession, China, Cryptos
  

December 2, 2022 | We are Trapped in a Truman Show Directed By Psychopaths

“Whether in actual fact the policy of the boot-on-the-face can go on indefinitely seems doubtful. My own belief is that the ruling oligarchy will find less arduous and wasteful ways of governing and of satisfying its lust for power, and these ways will resemble those which I described in Brave New World. Within the next […]

December 2, 2022 |   Klaus Schwab’s “Perfect” Government Showing Cracks

The US Dollar showing no signs of losing top status

December 1, 2022 | Interest Rate Manipulation, Gold, US Dollar, FTX, Geo-Cosmic Events

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December 1, 2022 | Closer, But Still No Cigar

It’s remarkable to me how close we appear to be getting to near-universal recognition that silver and gold (along with a host of other commodities) are priced based upon the activities of a relative handful of large paper traders on the COMEX (and other exchanges) and not on the workings of the world of actual […]

December 1, 2022 | Dow, USD, Hyperinflation vs Deflation

Oil, Inflation, Interest Rates

December 1, 2022 | USD, Gold, Inflation, Interest Rates, Lithium

Commodities, Cannabis

December 1, 2022 | Died Suddenly, Everything is Breaking and Sheep

Jabs, Wars

December 1, 2022 | Real Estate: The Post-Bubble Bear Market Could Run For Years

A great mania in real estate erupted with the financial bubble and will likely be followed by a lengthy decline. Previous post-bubble contractions have prevailed for some twenty years, with the usual 3 to 4-year business cycle coming and going. The following chart shows the outstanding rally in the S&P Real Estate Sector peaked in […]

November 30, 2022 | China & the Future

COMMENT: Hello Marty !! It looks like the ” China as a parking lot for cash has already begun. FXI going to the moon of late in spite of Xi & Co. cutting off their own economic foot to hide behind their troubles and blame it on the darn protestors to the folly, by golly. […]

November 29, 2022 | In Demand

The retail and wholesale markets in silver and gold are hot. Particularly in silver, the retail market is, quite literally, on fire.  The fact that premiums exist on virtually all forms of retail silver (along with delivery delays), something never seen this pronounced before, means that the creation of new 1,000-ounce bars is necessarily being […]

November 29, 2022 | One Fell Swoop of The Pen

Last week we highlighted some recent data from Desjardins which noted that nearly every borrower who took out a fixed payment variable rate mortgage during the pandemic now owes more in interest than their original fixed payment. Trigger rates galore. It appears the Bank of Canada is finally coming around to the same conclusion. In a research […]

November 28, 2022 | Trudeau Justifies Invoking Martial Law

Trudeau changed the world’s entire perception of Canada after his mishandling of the Freedom Convoy protest. Hard-working Canadian men and women demanded medical freedom and protested the vaccine mandates. The Canadian media was not permitted to question the COVID agenda, and dissenting voices were muffled. The Canadian trucker’s convoy (aka the Freedom Convoy) sparked the […]

November 27, 2022 | The Case for a Merely Choppy 2023

Early in October, it lifted my spirits to be able to bloviate about how a too-widely-anticipated October crash seemed as likely as a Martian invasion. One lunar calendar-based prediction in particular had October 21 as the crash date, although the forecast went squishy at sundown that day when dark clouds failed to materialize over Wall […]

November 26, 2022 | Trading Desk Notes For November 26, 2022

The DJIA closed at a seven-month high this week The DJIA closed higher for seven of the last eight weeks. It rallied ~5,600 points (19%) from its two-year lows on October 13 and is now only ~7% below its January All-Time Highs. All of the stock indices had a terrific rally from the March 2020 Covid […]

November 26, 2022 | This Week in Money

• Ross Clark – Stock Markets, Gold Miners, Oil, Bonds, US Dollar, Canadian Dollar
• Martin Straith –  (9:53) Dow, Recession, Crude Oil, Currencies
• Wolf Richter –  (32:34) Inflation, Housing Bubbles, Cryptos, New and Used Car Vehicle Markets
• Zarko Meseldzija  – (1:00:00) CEO of  RecycLiCo Battery Materials Inc. on Company Showcase – RecycLiCo™ CEO Zarko Meseldzija – Building an Advanced and Efficient Battery Recycling Technology for Long-Term Integration. New website and company update video.  Video  – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada.  Read Benchmark Minerals Article – “Why Manganese Could Be The Next Battery Supply Chain Headache“.  Read Reuters Article – “LG Chem To Invest Over $3 Billion to Build U.S. Battery Cathode Plant”.  Read Yahoo Article – “Canada Could Be At An EV Tipping Point, Google Data Shows“.  Questions?  Email or Phone: 778.574.444

November 25, 2022 | Canada’s Central Bank Downplays The Risks of a Financial Crisis

Canada’s private sector debt problem keeps growing larger. With private sector debt at about 230 percent of GDP, Canada has no room for error. And rising interest rates could force large numbers of mortgage borrowers into default, which could create a financial crisis. But the Bank of Canada is not worried. Bank of Canada staff […]