ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
August 31, 2023 | More Banks to Fail? Not in North Dakota
US. banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in August by Moody’s, which cut credit ratings on 10 banks and placed four of the 15 largest U.S. banks on review for possible downgrade. As with the banks going […]
August 31, 2023 | Will Earnings Boost October Stock Market Confidence?
What are the odds of another Fed rate hike?
August 31, 2023 | Real Estate, China, Energy, Mining
Inflation likely to stay higher longer than many expect
August 31, 2023 | Stock Markets Ripe for an October “Surprise”
Your next insurance bill may be quite a shock
August 30, 2023 | Unaffordable Prices Cure Unaffordable Prices
Canada’s housing bubble is crystal clear unless you are paid not to see it (wilfully blind) or painfully naive. The average national home price of 754K in July is ten times the average household income of $75k. The historically recognized affordability ratio has been home prices that are 3 to 4 times household income; this […]
August 30, 2023 | COVID Vaccine Required for LEGAL US Immigrants
There is an uptick in previously dormant viruses. Then again, countless people have entered America at the southern border illegally. Those who wish to come here on goodwill, legally abiding by US law, are forced to undergo a physical examination and receive the following vaccinations: Diphtheria Tetanus Pertussis Polio Measles Mumps Rubella Rotavirus Haemophilus influenzae […]
August 29, 2023 | The Most Splendid Housing Bubbles in America, August Update: 4th YoY Price Drop Overall, 10 of 20 Cities with YoY Drops. Month-to-Month, Selling Season Begins to Fade
Today’s S&P CoreLogic Case-Shiller Home Price Index for “June” is a three-month moving average of home prices whose sales were entered into public records in April, May, and June, and it still shows the seasonal effects of spring selling season, when prices typically rise on a month-to-month basis, but the effects began to fade, and the index […]
August 28, 2023 | Inflation: Out of Control?
The strongest run of “Inflation” in more than forty years is underway, and pundits claim that it has much further to go. Indeed, popular and highly regarded financial talk shows are reporting that “All paper currencies have eventually gone to zero”. Inevitably, such would indeed be catastrophic.
August 27, 2023 | ‘AI’ Just Another Wall Street Scam
A handful of tech moguls already control the global flow of information, but their influence over our lives will only expand and deepen if Congress doesn’t do something soon to pry their greedy hands from the ultimate fruits of AI development. I say this while recognizing the irony of casting our elected representatives as the […]
August 26, 2023 | Trading Desk Notes For August 26, 2023
Short-term interest rates surged higher this week Two-year Treasury futures traded to a 23-year low, the 5-year hit a 16-year low, and the 10-year closed the week at a 16-year low, but the long and ultra-long bond futures closed a little higher on the week after hitting multi-year lows on Monday. June 2024 SOFR futures […]
August 26, 2023 | This Week in Money
- Ross Clark: Stock Markets, Nvidia, USD, Canadian Dollar, Gold, Silver, Oil
- Victor Adair: (9:43) Stock Markets, China, US Economy, Election Year
- John Rubino: (41:53) World War Against The USD, Consumer Debt, AI, Junior Miners
August 25, 2023 | Disobey and Live – Maui Fire Barricades
There are a number of factors that do not add up regarding the Maui fires. I am refraining from speculating, but based on the facts, the government allowed people to die. I reported that the fire hydrants were dry and the top official refused to use water reserves. The notification system and sirens mysteriously failed, […]
August 25, 2023 | Real Estate Going into Long Term Decline
Should you sell your house now to get the highest price?
August 25, 2023 | Has the Fed Eaten Yellen’s Magic Mushrooms?
Is China’s economy turning Japanese?
August 24, 2023 | How to Socialize a Nation – Divide & Conquer
COMMENT: The Other Plan? | Trudeau, his Dad Pierre Elliot and Selfsame Joe Biden Socialist Goals. | “Every Time I Think of it I Get Mad.” “Many Years Ago there was a book entitled Social Purpose for Canada, each chapter was written by a different person, one chapter was written by Pierre Elliot Trudeau. And […]
August 24, 2023 | BRICS vs The US Dollar Trading World
Will we see Gold backed currencies again? Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.
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 […]