Warning: Reader discretion is advised! You are about to read a fictional account of what we could be faced with in the coming years - perhaps as early as 2024 - based on events that are already taking place in America today. It is most alarming but, unfortunately, after everything I’ve seen during my time inside Wall Street, inside the CIA and inside the halls of the Pentagon, that’s the path America’s heading down.
Read More »A Moderate Recession, NOT a Systemic Crisis, Is Likely In Canada
The Oxford Economics Financial Indications Index shows a recession in Canada is almost certain at this point. It’s unlikely to be a brief one either,
Read More »Toronto Has More High-rise Construction Than Any Other N.A. City
Construction cranes for residential housing in Q3 2022 in select North American cities. 0 25 50 75 100 125 Toronto Seattle Denver Chicago Calgary Los Angeles Washington Portland San Francisco Phoenix Honolulu New York Las Vegas Boston Cranes San Francisco Residential: 4 Region Residential Toronto 126 Seattle 36 Denver 23 Chicago 14 Calgary 12 Los Angeles 10 Washington 7 Portland 5 San Francisco 4 Phoenix 3 Honolulu 2 New York 1 Las Vegas 0 Boston 0 Source: RLB; Better Dwelling. In contrast, the next most residential cranes were located in Seattle (36), Denver (23), and Chicago (14). Once again, what’s happening in Toronto isn’t even close to anywhere else. The scale is reminiscent of the 2006 boom in Dubai. Hopefully things work out a little better.
Read More »The USD “once-in-a-generation rally” Is Not All That It Seems
the top story in Wall Street Journal on September 19 was about the "once-in-a-generation rally" in the U.S. Dollar, and the stresses this was putting on the global financial system. This is true - but it isn't the whole truth.
Read More »The Latest 100 Financial Videos: Something For Everyone!
The internet is awash with financial videos of various quality and length. This post presents access to 10 sets of 10 of the best such videos.
Read More »Canadian Home Prices To Decline 30% In Coming Hard Landing
...Oxford Economics has warned...that the coming hard landing for Canada’s economy will lower home prices by around 30% from the peak.
Read More »The U.S. Dollar Index: A Deceptive Indicator of USD Strength (+3K Views)
Most of the major financial news outlets and many investors have come to rely on the movements of the U.S. Dollar Index as a daily barometer of the U.S. dollar's relative strength and weakness taking it on faith that the Dollar Index is the dollar – pure and simple. In reality, the Index offers a very distortive view of the movement of the dollar against the currencies that matter most. If anything, recent movements of the Index are a reflection of euro weakness rather than dollar strength. Words: 1019
Read More »U.S. National Debt At New High; The Consequences Will Be Severe
Debt isn’t without consequences - and the consequences will be severe when the chickens come home to roost.
Read More »History Says: “Rising Interest Rates Might Trigger A Depression!”
The Fed’s current raising of interest rates could trigger a credit collapse, ushering in deflation and a New Great Depression.
Read More »Inflation: What Exactly Is It? What Causes It? How is It Measured? (+2K Views)
Exactly what is inflation, and how do we measure it? It is very important to investors, savers, and people in general, that we understand.
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