August 25, 2022 | Housing Has Led The Deepest Economic Contractions Historically

Some 65%+ of households in Canada and the US own real estate. While the most affluent 10% own 89% of the stock market (in some form), the bottom 90% own 55% of all real estate. Being the lion’s share of household net worth, what happens in the housing sector is the most significant driver of […]

August 25, 2022 | Why Canadian Battery Metal Miners Could be Hot

Warning signs of a risky mining stock

August 25, 2022 | The Most Unusual Bear Market Ever

Meme stock buyers still haven’t learned from their pain

August 25, 2022 | Dumbest People Are Being Eliminated

Freeze and Starve this Winter

August 24, 2022 | The Collapse of Bullying Authoritarians: Leaders and Regimes

It seems that a severe financial contraction could materially reduce China and Russia’s totalitarian ambition. And as the urge for political reform is being threatened, loss of funding for deliberate mayhem could be in the “nick of time”. As they occurred in the senior economy, there has been three great experiments in authoritarian government that […]

August 23, 2022 | Why Silver Went down When It Should Have Gone Up

Two weeks ago, it looked to me like silver was about to take off, following months of sharp price declines, yet we experienced the worst selloff in a couple of years.  Most puzzling was the cause of the sharp price declines. It didn’t appear to reside in COMEX futures positioning. It was something else entirely. […]

August 23, 2022 | Sales of New Houses Collapse (in the West by 50%!) Inventories & Supply Spike to High Heaven, Worst since Peak of Housing Bust 1

The plunge in home sales is just stunning. Sales of new single-family houses collapsed by 12.6% in July from the already beaten-down levels in June, and by nearly 30% from July last year, to a seasonally adjusted annual rate of 511,000 houses, the lowest since January 2016, and well below the lockdown lows, according to […]

August 22, 2022 | The Coming Civil War

COMMENT: There has been and is increasing talk in all media of a coming ‘civil war’. Your article ‘Bidenomics & Vilification of Trump’ well explains the intentional polarization of the public and clearly states this will only end very badly. The CW of 1861 Blue vs Grey, North vs South was a war of geography […]

August 21, 2022 | Fading Smile of a Dying Empire

“All that is human must retrograde if it does not advance.” – Edward Gibbon “Woe, destruction, ruin, and decay; the worst is death and death will have his day.” – William Shakespeare, Richard II We moved to our corner of Montgomery County, Pennsylvania twenty-seven years ago. We raised our three boys here. We spent hundreds of hours […]

August 20, 2022 | Trading Desk Notes For August 20, 2022

Will markets get “back to business” with a BANG after Labor Day, Sept 5th? We are in the “silly summer season,” and the “adults” are away. Trading volumes are light, but my veteran trader’s intuition tells me that markets may get “back to business” with a BANG once we get past Labor Day.   September will bring “winter” into focus – especially concerning soaring […]

August 20, 2022 | This Week in Money

• Ross Clark –  Stock Markets, Tech, Russell 2000, Oil, Canadian Dollar
• Eric Hadik –  (6:55)  Stock Market Cycles, Gold, USD, Commodities, Interest Rates, Real Estate
• John Rubino – (42:30)  Inflation, US Housing Bubble, Government Spending, Weaponization of the American Justice System

August 19, 2022 | Warren Buffett Loses His Magic Touch

The massive conglomerate Berkshire Hathaway, run by the famed investor Warren Buffett, reported a large loss in the second quarter. Berkshire lost money because of accounting rules that require that losses on securities that are held must be recorded in earnings. Has Warren Buffett lost his magic touch?   Source: Berkshire Hathaway Warren Buffett is […]

August 19, 2022 | The Solution to Inept Central Banks

Is Uganda sitting on the world’s biggest gold deposit?

August 18, 2022 | The Short Position in SLV

Having mentioned the sharp recent increase in the short position on SLV, the big silver ETF, in my last two missives to subscribers, I thought it proper to expand on the matter. As always, this is not a suggestion to buy, sell or hold shares of SLV and in the interest of full disclosure, I […]

August 18, 2022 | “Housing Recession”: Sales Plunge to Lockdown Levels, Active Listings Surge, Prices Begin to Dip as Price Reductions Spike, Investors Pull Back

Inventory and supply of previously-owned homes of all types – single-family houses, condos, co-ops, and townhouses – surged, and sales plunged, amid sky-high prices that have been made impossible by 5%-plus holy-moly mortgage rates. And so the red-hot housing market turns into a “housing recession,” as the National Association of Realtors called it today, after […]

August 18, 2022 | Gold, Crude Oil, Stock Buy-Backs, Volcanos

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August 18, 2022 | US Exports Record Amount of Oil

Short term Oil prices

August 18, 2022 | Home Sales, Auto Sales and the Canadian Economy

Importance of being prepared for a recession

August 18, 2022 | Is Manipulation Keeping Summer Markets Afloat?

Is Crude Oil likely to continue price decline?

August 17, 2022 | Canada to Launch Digital Identity Program

Trudeau is pushing forth the Great Reset at any cost. Canada will impose a federal “Digital Identity Program” to help the World Economic Forum develop a global ID system. Since the COVID passports failed, they are outright demanding that everyone carry proof of their digital identity. Canada’s Digital Ambition 2022 report revealed the details of […]

August 16, 2022 | Wild Abandon Bounces Back

As risk markets have rebounded over the past month, FOMO has resumed with retail flows moving back to the sketchiest and over-valued securities and shorts being forced to buy back positions. The basket of most-shorted stocks tracked by Goldman Sachs is up almost 39% this quarter. As shown below (from Goldman Sachs Prime), the past month has […]

August 15, 2022 | Argentina Raises Interest Rate to 69.5%

Argentina is out of options. I reported on the ongoing widespread protests occurring across the country. The majority of the nation is unemployed, and the currency is basically worthless. The people can no longer rely on the socialistic promises as the government is unable to fund its programs. Basic necessities are no longer available, and the people […]

August 14, 2022 | New Record Highs Coming?

Is the stock market on its way to new record highs? The thought would have seemed preposterous just a week ago, when the Dow’s still-presumptive bear rally had yet to exceed even a single peak on the daily chart. But it did so last Wednesday, with a gap-up opening that demonstrated how spectacular daily gains […]

August 13, 2022 | Trading Desk Notes For August 13, 2022

Global stock markets continue the rally from the June lows, S+P up ~18%, NAZ up 23%, AAPL up 33% The S+P, DJI and VTI (Vanguard total stock market ETF) have recovered >50% of their decline from the January All-Time Highs to the 20-month lows made around the mid-June FOMC meeting – when the Fed raised […]