Rising inflation and interest rates are driving millions of Americans, once middle-class citizens, into the chains of poverty. The poverty rate in America and countries worldwide are soaring, and almost no one is talking about it. The signs are all around us: record high food bank usage, climbing foreclosures (lenders started foreclosures on 67,249 U.S. […]
We know whom inflation hurts the most: the elderly, people on a fixed income, and those living paycheque to paycheque — which in Canada and the US means most of the population. So, who can inflation benefit? Experienced debtors. The richest among us often have mountains of debt. Banks practically beg them to take more […]
Global markets are breaking under the immense weight of uncertainty, slowing growth, and runaway inflation. While the central banks may destroy the latter as interest rates rise in most developed countries, it will come at a high cost. After contracting by 1.4% in Q1, a U.S. recession may already be here. Below I outline four […]
Total financings raised came back with a vengeance in November – more than doubling from October’s total – to finish with $892.6 million, according to TMX Group. While still well below the $1 billion + months earlier in the year, November represents a huge turnaround. Everyone is looking for the next inflation trade and the […]
The Fed Chair Jerome Powell was re-appointed to another four years of service on Monday. Yet, for some reason, gold and many inflation assets are tanking. Gold was off 1.5% today to $1,782 per ounce, while silver was down a whopping 3.75% to $23.33 per ounce. So why is the man whose policies took inflation […]
With Tesla’s market cap clearing $1 trillion and US stocks hitting fresh record highs, I have proof that the majority of the middle and lower class are largely missing out on the current recovery. The answer is in the ever-declining velocity of money. Money Velocity Continues to Crater Despite Fed’s Best Efforts I’ve personally written […]
In July, inflation recorded its highest level in nearly two decades, prompting investors to question the Fed’s transitory narrative once again. Investors are now beginning to worry whether the government will begin tapering or raising rates sooner than anticipated. However, despite inflation soaring, government debt is dramatically exceeding record levels, and raising interest rates may […]
Mark Cuban is in the news again, and it isn’t good. The billionaire investor and owner of the Dallas Mavericks just saw his investment in a new alt-coin virtually vanish. Max Keiser doesn’t mince words, explaining, “The world is full of sharpies, and they’re looking for chumps, like Mark Cuban.” Keiser gets personal, explaining, “And […]
The covid-19 pandemic is increasing public debt to levels last seen after WWII. The Economist attempts to answer the question: is rising public debt a cause for concern? For speculators and investors, understanding where the next crisis may be hiding is critical. So, who is financing all of these mountains of debt? According to the […]
The Federal Reserve, anemic growth, and an aging population are causing the velocity of money in the United States to crater. While many believe trillions in stimulus will cause inflation, low-interest rates are providing little incentive for banks to lend when the return on their loans is low. The bottom line is that people are […]