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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 | 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 3, 2024 | What the Mainstream Media Doesn’t Tell You
- Anita Krishna: Did you get the real story during the “pandemic”?
July 3, 2024 | Palladium The Latest Hot Metal
Meme stocks
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 […]
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 | This Week in Money
- Victor Adair: Stock Markets, Canadian Dollar, Japanese Yen, Gold, Oil, Copper
- Robert Campbell: (12:25) Real Estate, Foreclosures, Leaving California
- Wolf Richter: (48:26) Auto Market, EVs, Inflation
- Tony Mitchell: (1:21:06) Director of Marketing at RecycLiCo on Company Showcase – RecycLiCo™ Keeping Eyes On The Prize. Stricter Recycling Regulations, BMW Plugged In. Read INN Article – “View RecycLiCo’s Company Presentation.
Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“.
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
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 28, 2024 | Governments Ignoring the Dangers of Deficits
Denmark first to impose carbon tax on farmers
June 27, 2024 | RecycLiCo™ Keeping Eyes On The Prize
Stricter Recycling Regulations, BMW Plugged In. Read INN Article – “eWaste: From Recycling Challenge to Emerging Opportunity“. View RecycLiCo’s Company Presentation. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. Watch – We upcycle cathode scraps and black mass into higher-value battery materials! Video – The demonstration plant […]
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 27, 2024 | Are the Markets About to Pull Back?
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June 27, 2024 | Is the Stock Market a One Trick Pony?
Should tariffs replace income taxes? Special Free Trial Offer!
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 26, 2024 | Canadian Unemployment and Bankruptcies Surging
Investors blindly throwing their money into AI
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 | Luxury Troubles
Happy Monday Morning! National house prices slid lower in the month of May, falling 2.4% from last year. On a seasonally adjusted basis, the national home price index is now down 14% since peaking in February 2022, marking the steepest decline since the index was created back in 2005, per CREA. Source: CREA It’s true […]
June 24, 2024 | Mindless Capital Allocation Leads to Bad Investment Outcomes
Mindless capital allocation leads to wasted resources and bad investment outcomes. We’ve just come through a decade of some of the dumbest financial choices in history–that’s been very expensive. In the midst of a housing supply crisis, thousands of condos in Canada’s largest cities are sitting empty. Most, experts say, are less than 500 square […]
June 23, 2024 | ‘Strong Economy’ Is a Dirty Lie
The disconnect between tight Fed policy and a U.S. economy on the brink of recession is growing more unsettling every day. A key question is which economy we are talking about, since there are two distinctly different ones that Fed actions can affect. The first is the economy of consumer goods and services. It is […]
June 22, 2024 | Trading Desk Notes For June 22, 2024
NVDA goes to the top of the market cap leaderboard The total market cap of NVDA, MSFT, and AAPL is now over $10 trillion. NVDA, MSFT, GOOGL, AMZN, and META collectively are up ~45% YTD, representing ~25% of the S&P market cap and ~60% of S&P YTD gains (NVDA alone accounts for ~35% of the […]
June 22, 2024 | This Week in Money
- Ross Clark: Stock Markets – Record Highs, Gold, Silver, Oil. Special Offer! 25% Off New Annual Subscriptions.
- Eric Hadik: (11:57) Trading Cycles, Interest Rates, Bonds, Gold, Silver, USD.
- John Rubino: (37:58) BRICS, USD, Digital Currency, Gold, Commercial Real Estate.
June 21, 2024 | Massive Glut in Solar Panel Supply Pushes Prices Lower
Growing China-based production of solar panels and other key components ensures that a massive supply glut will arrive in 2024. Prices for solar panels are plummeting in most world markets, but the U.S. consumer will pay substantially higher prices. According to Bloomberg BNEF, China-based manufacturers continue to build new capacity beyond the level of expected […]
June 21, 2024 | Home Sales Sag Further, Hit by Mortgage Rates. Price Cuts & Active Listings Surge. Median Price Skewed by Surge in High-End Sales
Still dogged by mortgage rates milling around in the 7% neighborhood, and by people’s urge to wait for lower mortgage rates before buying, sales of existing homes of all types – single-family houses, townhomes, condos, and coops – fell further in May from April on a seasonally adjusted basis, to an annual rate of 4.11 […]