What is Inflation?

05/19/2022 8:18 AM

It's been almost 40 years since the world has experienced inflation the way we are experiencing it now. Today, rising inflation poses a severe risk to people's financial future. But what causes inflation? And how will it affect your wealth? Our good friend Neil McIver...

Quote of the Week, Shocking Stat & Goofy Award

05/15/2022 12:08 PM

Quote of the Week   Hayman Capital's Kyle Bass says he had enough of one American's most recognizable companies helping out the Communists in China.  Shocking Stat  You know the markets are down but we bet you can't guess how much has been lost in the current...

Helping with Special Olympics Golf Tournament

05/13/2022 11:02 AM

As Chair of the Special Olympics Golf Tournament, which takes place on June 21st, I'm hoping you can help out by clicking here to make a donation - every little bit helps. In addition, I’m hoping that individuals and businesses might also consider donating quality...

Quote of the Week, Shocking Stat & Goofy Award

05/08/2022 12:40 PM

Quote of the Week Peggy Noonan weighs in on what's different about the abortion debate - and it's not going away. Shocking Stat Finally some concern about those on the edge of starvation - it's shocking how many. Goofy Award Some people won't rest until there's a gag...

Help with Special Olympics Golf Tournament

05/06/2022 1:39 PM

As Chair of the Special Olympics Golf Tournament, which takes place on June 21st, I'm asking individuals and businesses if they’re able to purchase a $1,500 Tee Sponsorship (which includes your signage on a hole and is 100% business expense deductible). In addition,...

Quote of the Week, Shocking Stat & Goofy Award

05/01/2022 2:37 PM

Quote of the Week They didn't plan for record high inflation, fertilizer shortages or record high energy prices but don't be surprised given the surprising admission as to how decisions are made. Shocking Stat Elon Musk's purchase of Twitter has the establishment...

Big Picture Trading

04/30/2022 7:25 AM

Trade like a pro - even if you aren't one. Get the 14 Day Free Trial. Big Picture Trading is an educational and mentoring service for traders. Specifically, for traders who want to learn and apply asymmetric strategies to potentially generate BIG profits by taking...

Two Canadian banks lend $1.46 billion to Musk for Twitter acquisition

04/28/2022 10:44 AM

Following news that Elon Musk will acquire Twitter in a deal valued at $44 billion USD (about $56 billion CAD), it has been reported that the Royal Bank of Canada and the Canadian Imperial Bank of Commerce are aiding the purchase, at least in some capacity. According...

Quote of the Week & Shocking Stat

04/26/2022 10:38 AM

Quote of the Week Tribal politics have undermined public health professionals, and led to a failure of trust that will be difficult to re-build. Goofy Award Accountability is nowhere in sight for advocates of killing off the fossil fuel industry immediately,...

Shocking Stat of the Week

04/26/2022 10:22 AM

Declining currencies valuations in emerging markets (i.e. Lebanon down 91% against the US dollar) is causing massive impact on the cost of commodities like food and energy. And the next step, default on $US denominated...

On Tomorrow’s Show – Painful Investing Lessons

04/22/2022 3:27 PM

Mike is always happy to share some of the painful lessons he's learned over the years, but Tyler Bollhorn has gone a step further and actually codified the processes that lead to bad decisions, and by the same token, what you need to do to make good investing choices....

Quote of the Week, Shocking Stat & Goofy Award

04/17/2022 12:03 PM

Quote of the Week The silencing of medical experts who disagreed with the government Covid narrative was one of the most prominent the pandemic coverage and it just took a shocking turn for the worst. Shocking Stat It's the key aspect for your personal finances of...

Mike’s Comment

04/17/2022 11:56 AM

Tens of thousands of words written and broadcast on the federal budget but nothing on the one aspect that could save us taxpayers billions and eliminate the need for tax...

Coming Up on Tomorrow’s Show

04/15/2022 12:46 PM

With tax deadline approaching we're pleased to get our favourite expert Tim Cestnick back on the show, you'll want to know about the latest changes announced in the recent federal budget. Plus metals with market timer of the year Mark Leibovit, Kyle Green on what to...

Quote of the Week, Shocking Stat & Goofy Award

04/10/2022 7:49 AM

Quote of the Week The alarm went off 10 years too late. 50 years after Nixon went to China - it's clear that increased trade with China didn't lead to a less authoritarian state - on the contrary it financed it. Shocking Stat For 2 years we were told to be worried...

Mike’s Comment

04/10/2022 7:39 AM

Some mistakes are worse than others - and then there are shortsighted/unrealistic green energy policies that have sent energy prices sky high - and we made things worse by nixing the one approach that could have saved...

$3 billion LNG project could be a first for First Nations

04/06/2022 12:23 PM

Should a new $3 billion liquefied natural gas plant in Kitimat now making its way through the BC Environmental Assessment process be approved by regulators and investors, it would be a world first. The Cedar LNG facility would not only be the largest major industrial...

Greater Vancouver home prices up 3.6 per cent in March, from February

04/05/2022 11:55 AM

Greater Vancouver home prices continued to soar in March, according to Real Estate Board of Greater Vancouver (REBGV) data released today. The region's benchmark home price rose to $1,360,500 in March, up 20.7 per cent from March 2021, and 3.6 per cent from February,...

Trading Desk Notes For April 2, 2022

04/04/2022 10:13 AM

The Fed is finally ready to roll After much hesitation, the Fed is signalling that it will raise interest rates aggressively over the next several months. Here’s what the market expects from the Fed (h/t to The Macrotourist): The Chicago Mercantile Exchange futures...

Quote of the Week, Shocking Stat & Goofy Award

04/03/2022 12:15 PM

Quote of the Week One of Canada's most respected economist's road map to balancing the budget without tax increases. The only problem is that politicians love taxes. Shocking Stat No wonder politicians and their climate allies don't want to talk about the resources...

Mike’s Comment

04/03/2022 12:07 PM

Lack of accountability of the political class guarantees more bad decisions of the magnitude that produced a 40 year high in inflation, record energy prices and the most dangerous geopolitical situation in a...

B.C. strata turns off power on electric vehicle owner

03/30/2022 11:40 AM

A Vancouver strata owner who charged his electric vehicle (EV) using a parking stall outlet won’t be allowed to do that anymore. That’s the decision from B.C.’s Civil Resolution Tribunal, which said March 24 that Ian Wong saw power turned off to the outlet by his...

Big Fat Idea – Metals & Mining Markets

03/28/2022 1:11 PM

Mark Brown, president of private equity firm Pacific Opportunities Capital, and Chairman of Alianza Minerals and Avrupa Minerals, joins Mike to talk about spiraling metals prices, production and reserve challenges, and identifying good potential companies in the...

Trading Desk Notes For March 26, 2022

03/28/2022 1:07 PM

Interest rates are surging higher American interest rates hit All-Time Lows in August 2020. Short rates stayed close to zero for the next fifteen months while mid-term and especially long-term bond yields rose (prices fell.) In October 2021, forward markets for...

Quote of the Week, Shocking Stat & Goofy Award

03/27/2022 12:10 PM

Quote of the Week Two medical experts testify in front of the Commons Health Committee. Hint: they're not impressed with vaccine mandates. Shocking Stat The debate over oil production could use a dose of reality and this stat , which you rarely...if ever hear, will...

Government to cut cheques to B.C. drivers for high gas price

03/25/2022 11:22 AM

B.C. drivers will get $110 in ICBC rebates in May to help them cope with high gasoline prices. Commercial ICBC insurance holders will get a $165 rebate. Premier John Horgan and Solicitor General Mike Farnworth announced the one-time rebates Friday to help British...

Schachter’s Eye on Energy for March 24

03/24/2022 11:55 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Pre-construction on Woodfibre LNG to start this year

03/23/2022 11:21 AM

The Singapore-based company bankrolling the $1.6 billion Woodfibre LNG plans to spend US$500 million this year on the Squamish based project. In an update to mayor and council in Squamish Tuesday, Woodfibre LNG’s new CEO, Christine Kennedy, said the company behind the...

Trading Desk Notes For March 19, 2022

03/21/2022 12:16 PM

The best weekly equity market rally in two years was “setup” by extremely negative sentiment The Vanguard Total Stock Market ETF (VTI) had its lowest weekly close in nearly a year last Friday – down ~14% from January’s All-Time Highs. In last week’s TD Notes, I...

Quote of the Week, Shocking Stat & Goofy Award

03/21/2022 10:24 AM

Quote of the Week A rare perspective - make that understanding in the mainstream media - from Newsweek's deputy opinion editor on our elites constant attack on the poor. Shocking Stat of the Week You will be shocked at how little time the major tv networks spent on...

Canada’s inflation rate hits a three-decade high

03/17/2022 11:24 AM

Rising prices: Canada’s inflation rate hit a new three-decade high in February, adding pressure on the Bank of Canada to raise rates, the Globe reports. The Consumer Price Index (CPI) rose 5.7 per cent in February from a year earlier, up from 5.1 per cent in January,...

Schachter’s Eye on Energy for March 16

03/16/2022 12:19 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Trading Desk Notes For March 12, 2022

03/15/2022 12:41 PM

The inevitable consequences of soaring commodity prices In last week’s Notes, I wrote: “There are always unexpected consequences. Somewhere in the world, there is a massive “short commodity” position that may “blow up” as a result of soaring commodity prices – causing...

Canadian dollar outperforms G10 peers on jobs surge

03/11/2022 3:49 PM

* Canadian dollar strengthens 0.2% against the greenback * Canada adds 336,600 jobs in February * Price of U.S. oil settles 3.1% higher * Canadian 10-year yield touches a 3-year high at 2.006% The Canadian dollar strengthened against its broadly stronger U.S....

Schachter’s Eye on Energy for March 9

03/09/2022 12:28 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Oil Prices Crash By 11% As UAE Calls On OPEC To Open The Taps

03/09/2022 11:59 AM

UAE Ambassador to Washington says his country favours production increases and will encourage OPEC to consider higher production levels. The UAE marks the first OPEC+ member to call for more production. Brent crude has dropped more than $15 per barrel as traders have...

Falcon slams NDP for high gasoline tax, housing prices

03/07/2022 12:30 PM

Kevin Falcon, new leader of the BC Liberal Party, laid into BC NDP government policies today – from gasoline taxes to housing initiatives – that he said are making it hard for ordinary British Columbians to get by. B.C., especially Vancouver, has been seeing...

Quote of the Week, Shocking Stat & Goofy Award

03/06/2022 10:23 AM

Quote of the Week  Time Magazine named Michael Schellenberger Hero of the Environment but he won't make any friends with his blunt assessment of how Europe became so dependent on Putin's oil and gas.  Shocking Stat  German and EU dependence on Russia for natural gas,...

Mike’s Comment – Mar 5th

03/06/2022 10:14 AM

Do you like $2 a litre gas because it was inevitable once we substituted virtue signaling for critical thinking on the climate file. Note: record gasoline, coal and natural gas prices were with us well before the Ukraine...

Oil Rallies As White House Considers Ban On Russian Oil Imports

03/04/2022 4:45 PM

WTI crude rose 7% following the news that the White House is considering a ban on the import of Russian crude oil. On Thursday, the White House had tersely dismissed the idea of banning Russian crude oil imports. On Friday afternoon, the White House’s take on banning...

Vancouver’s most expensive condo goes on the market for $49m

03/03/2022 1:22 PM

In what is considered the largest and most expensive oceanfront condominium currently listed in Vancouver, a penthouse at the Three Harbour Green in Coal Harbour has just hit the market at an asking price of $49 million. Listing agency is Macdonald Realty of...

Most Canadians say Canada should back Ukraine against Russia: poll

03/03/2022 12:29 PM

The past couple of weeks have given Canadians an opportunity to follow an international story that is not related to the COVID-19 pandemic or to political theatre in the United States. Russia’s invasion of Ukraine, which began on February 24, has compelled Canadians...

Schachter’s Eye on Energy for March 2

03/02/2022 2:36 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...

BoC hikes key rate, revises inflation forecast

03/02/2022 1:03 PM

OTTAWA - The Bank of Canada has raised its key interest rate for the first time since slashing the benchmark rate to near-zero at the start of the COVID-19 pandemic, in a bid to tackle inflation rates that are likely to keep rising from their current three-decade...

War disrupts forestry markets

03/01/2022 11:41 AM

A sudden increased global demand and higher prices for Canadian logs, lumber, pulp and wood pellets could result from a dramatic disruption in wood markets, due to Russia’s invasion of Ukraine. The Western world has moved with swift and dramatic sanctions against...

TD Bank just made its biggest acquisition ever

02/28/2022 2:27 PM

TD Bank just made its biggest acquisition ever, despite the volatility rocking U.S. markets. The bank is paying $13.4 billion for Memphis-based First Horizon, in an all-cash deal valuing the shares at $25.00, to establish a presence in the Southeast. First Horizon has...

Trading Desk Notes For February 26, 2022

02/28/2022 2:01 PM

The Russian Blitzkrieg invasion of Ukraine initiated DRAMATIC surges and reversals across markets The S+P plunged to a 9-month low early Thursday morning (down ~15% from January All-Time Highs) but then rallied hard into Friday’s close. The DJI tumbled and bounced...

Mike’s Comment – Feb 26th

02/27/2022 11:47 AM

The most surprising aspects of the Truckers Convoy? That's easy...no one saw it coming. Plus when it comes to Russia why the West is ready to talk tough but will be challenged to follow...

B.C. government adds red tape to Trans Mountain

02/25/2022 2:14 PM

The Trans Mountain pipeline expansion, which is on track to cost nearly $9 billion more than it was last estimated to cost, may now face yet more red tape that could add more costs and delays. This week, George Heyman, the B.C. minister of Environment and Climate...

Quote of the Day

02/24/2022 2:03 PM

"Most EU leaders, even the ones in the East who grasp the danger Putin represents, are a generation removed from confrontation and conflict. They are vegetarians in a steakhouse, wondering why there's no salad on the menu." Garry Kasparov, Chair Human Rights...

Schachter’s Eye on Energy for February 24

02/24/2022 1:36 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Map Explainer: Key Facts About Ukraine

02/24/2022 1:14 PM

The modern state of Ukraine was formed nearly 30 years ago after the collapse of the Soviet Union in 1991. Since then, the country has often made headlines due to political instability and the looming threat of a Russian invasion. In the map graphic above, we examine...

B.C. home price $685,000 higher than any other western province

02/23/2022 1:27 PM

The average home price in British Columbia has increased 23.5% in the past year to top $1 million for the first time, according to the BC Real Estate Association (BCREA), despite total sales in January falling nearly 15% from a year earlier. To put this in...

Quote of the Day

02/23/2022 11:18 AM

'In December 2020 Mr. Trudeau chided India for its police response to farmers’ blockades of Delhi. “Let me remind you,” he said, “Canada will always be there to defend the right of peaceful protest.” Mr. Trudeau prattles on about rights half a world away but won’t...

Quote of the Day

02/23/2022 11:12 AM

“First the Canadian government threw science and the basic principles of public health out the window. Now they are throwing democracy and the basic principles of human rights out the window.” Martin Kulldorff, Epidemiologist. Biostatistician. Professor of medicine,...

Trading Desk Notes For February 19, 2022

02/22/2022 2:05 AM

Interest rates have steadied after surging higher since November The Dec 2022 Eurodollar futures contract closed red for 11 consecutive weeks but finally closed green this week as the relentless surge in short-term interest rates took a breather. (Eurodollar futures...

Quote of the Week, Shocking Stat & Goofy Award

02/20/2022 10:46 AM

Quote of the Week Question: when will the media and the rest of us recognize that the old left/right paradigm doesn't fit. Shocking Stat of the Week Remember all those declarations about the end of oil demand - this week's shocking stat is a reminder of how utterly...

Coastal GasLink workers violently attacked

02/18/2022 11:42 AM

A Coastal GasLink work camp near Houston, B.C. is now a crime scene, following an early morning attack on workers yesterday involving an estimated 20 masked, axe-wielding assailants, who threatened workers, hacked up vehicles and caused millions of dollars in damage...

Trading Desk Notes For February 12, 2022

02/16/2022 1:13 PM

Interest rates rocket higher Interest rates have been climbing steadily since early December but rocketed higher this week on the one-two punch of surging CPI and a call from St. Louis Fed President Bullard for the Fed to “immediately” take aggressive hawkish action....

Schachter’s Eye on Energy for February 16

02/16/2022 11:35 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Stat of the Day

02/15/2022 1:56 PM

Investment lesson/warning: Twitter's sales have grown from $535 million at its IPO in 2013 to over $5 billion today. But its stock is 20% below its 1st day close in 2013. What happened? Investors were paying 41x sales at its IPO and 6x sales today. Lesson -- the price...

Before you make another comment on COVID, read this by Dr. Vinay Prasad, Master of Public Health, Assoc Prof, Department of Epidemiology and Biostatistics at U of C San Francisco, practising oncologist

02/15/2022 1:38 PM

The main federal agency guiding America’s pandemic policy is the U.S. Centers for Disease Control, which sets widely adopted policies on masking, vaccination, distancing, and other mitigation efforts to slow the spread of COVID and ensure the virus is less morbid when...

Russia And China Ink Huge Oil Deals As Ukraine Tensions Soar

02/15/2022 1:17 PM

Moscow’s state-owned oil giant, Rosneft, signed a US$80 billion 10-year deal to supply the China National Petroleum Corporation (CNPC) with 100 million metric tonnes of oil. This increase in crude oil delivery volumes and mechanisms to China is part of a broad-based...

Quote of the Day

02/15/2022 11:59 AM

“The federal government has not met the threshold necessary to invoke the Emergencies Act. This law creates a high and clear standard for good reason: the Act allows government to bypass ordinary democratic processes. This standard has not been met... Governments...

Quote of the Day

02/14/2022 1:19 PM

As you watch the "Emergencies Act" - the most illiberal of policies - being proclaimed, consider that the Prime Minister acknowledged the divisive consequences of instituting vaccine mandates. Yet according to two Liberal MPs, implementing the profoundly divisive...

Stat of the Day

02/14/2022 1:14 PM

40% of the US public doesn’t have $1,000 in savings. This is why inflation is a political problem for the Biden Administration with mid-terms in November, which in turn pressures the Fed to focus on inflation with aggressive rate hikes rather than worry about the...

Quote of the Week, Shocking Stat & Goofy Award

02/13/2022 11:47 AM

Quote of the Week Is the "Great Reset" of increased government intervention and regulation a conspiracy theory? For the answer let's go to the source. Shocking Stat Worried about accountability in government's handling of the pandemic? Well don't - this week's...

Stat of the Day

02/11/2022 10:42 AM

US annualized inflation rate at 7.5% in January vs January 2021. Average US worker makes $1,086 per week - means that this rate pays extra $81.45 per week for the same goods last year or over $4,200 for the year.

Quote of the Day

02/11/2022 10:38 AM

"I was told not to state publicly that it (Omicron) was a mild illness. I have been asked to refrain from making such statements and to say that it is a serious illness." Angelique Coetzee, doctor who discovered Omicron in South...

Florida home goes up for auction as an NFT

02/10/2022 12:32 PM

It’s not just JPEGs of apes being sold as digital tokens. A house in Gulfport, FL, will be auctioned off as an NFT tomorrow in what is claimed to be the first US real estate NFT transaction. Bidding starts at $650,000 in ether. Real estate tech company Propy is...

The Lone Bear Calling For $65 Oil

02/10/2022 11:23 AM

The head of commodity analysis at Citigroup believes that there has been a ‘colossal failure’ when it comes to analyzing the fundamentals of today's oil markets. While plenty of analysts are calling for $100 oil, Citigroup sees oil prices falling to an average of $65...

Stat of the Day

02/09/2022 2:03 PM

How high are crude oil prices really? Using inflation implied from global GDP deflator: The high of $147 in 2008 is equivalent to $222 today. The 2011 average Brent price inflation adjusted to today: $149.60 Pierre Andurand, CIO Andurand Capital

Quote of the Day

02/09/2022 1:41 PM

"Every protest that western authorities dislike will now be characterized as an 'insurrection' -- always helpful to be able to claim that there's a faction inside the country trying to overthrow the government, since that fear justifies any state power." Glen...

TMX Group Canada to unveil crypto futures product later this year

02/09/2022 12:49 PM

In response to institutional investors' concerns about the risks of trading in a new asset class, TMX Group, Canada's major stock market operator, has revealed plans to launch its first-ever crypto futures product. While speaking to Reuters, TMX Group's John McKenzie...

Schachter’s Eye on Energy for February 9, 2022

02/09/2022 11:20 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Trading Desk Notes For February 5, 2022

02/08/2022 1:07 PM

Interest rates surge higher everywhere Christine Lagarde surprised markets Thursday by opening the door to higher interest rates this year from the ECB. On Friday, markets were stunned by an unexpected (and suspect, given the massive “seasonal adjustments”) US...

Quote of the Week, Shocking Stat & Goofy Award

02/07/2022 12:52 PM

Quote of the Week Celebrity shallowness meets woke ideology and the result is ignorance of historic proportions. Shocking Stat Howard Stern says he's the "king of all media." Well, he'd better look out - Joe Rogan can claim the crown now. Goofy The Chinese Communists...

Schachter’s Eye on Energy for February 2, 2022

02/02/2022 11:32 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Trading Desk Notes for January 29, 2022

01/31/2022 1:32 PM

Reassessing The Fed = Market Mayhem On January 15, the lede for my TD Notes was: “Peak Fed Hawkish – Or Minsky Moment?” Since then, particularly since Wednesday’s Fed meeting, price action would tell you that we’ve had a “Minsky Moment” – that the Fed is a LONG way...

Quote of the Week, Shocking Stat & Goofy Award

01/30/2022 1:54 PM

Quote of the Week Common Sense 101 - no matter what the policy there are always consequences - whether politicians acknowledge them or not. Shocking Stat To borrow from Orwell - in Canada everyone is created equal but when it comes to money and jobs during the...

Coming Up on Tomorrow’s Show

01/28/2022 3:56 PM

Vision Capital portfolio manager Jeff Olin explains what really drives the investment real estate market and his 13 consecutive years of profits, and surprise - it's not interest rates! Mike has some advice for the trucker freedom convoy, Victor says he's never seen...

Wait, are NFTs the new Beanie Babies?

01/28/2022 2:56 PM

In early 2021 Amber Vittoria, a New York-based graphic designer and digital artist, first heard about nonfungible tokens (NFTs), or digital art tokenized on blockchain networks. She was smitten and by February she and her husband spent $33,331, the money they’d been...

Los Angeles City Council Votes To Ban Oil Drilling

01/27/2022 12:21 PM

The city of Los Angeles voted to ban oil drilling Oil production was once one of the biggest industries in southern California, fueling the growth of Los Angeles in the first half of the 20th century The vote has been welcomed by environmental activists and criticized...

Canada Should Plant a Flag in Crypto, Says Wealthsimple’s CEO

01/27/2022 11:47 AM

By opening its arms to the world of crypto, Canada could attract a lot of smart people, who are part of the ecosystem, said Katchen. Michael Katchen – the Co-Founder and Chief Executive Officer at the Canadian investment management firm Wealthsimple – believes local...

Schachter’s Eye on Energy for January 26

01/26/2022 11:59 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...

BTC price hits $38K as Bitcoin analysts focus on weekly close

01/26/2022 11:11 AM

Bitcoin (BTC) staged new retests of $38,000 resistance on Jan. 26 as optimism increased over a potential recovery to $40,000 and higher. Next stop a $40,000 retest? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued the rebound that...

Time to cure what ails Canada’s health-care system

01/26/2022 10:35 AM

Health reform has been talked about enough. The need to reform Canada’s health-care systems has long been a hot topic of debate. After all, Canada is an easy target. It has one of the highest price tags among countries with universal health systems in the Organization...

Visualizing China’s Dominance in Clean Energy Metals

01/25/2022 12:01 PM

Renewable sources of energy are expected to replace fossil fuels over the coming decades, and this large-scale transition will have a downstream effect on the demand of raw materials. More green energy means more wind turbines, solar panels, and batteries needed, and...

Peter MacKay: It’s absurd for Trudeau to let China buy a Canadian lithium firm — especially without a security review

01/24/2022 2:09 PM

The Liberals must stop rewarding Beijing’s unconscionable behaviour For some time now, it has seemed as if Canada’s foreign policy approach toward China has been similar to that old Abbott and Costello baseball shtick of “Who’s on First?” That is to say, Ottawa’s...

Trading Desk Notes For January 22, 2022

01/24/2022 10:51 AM

This was the worst week for the leading stock indices (including the TSE) since the February/March 2020 meltdown Market sentiment is extremely bearish, and markets are extremely oversold. Significant “technical support” levels have been broken. With the markets...

Quote of the Week, Shocking Stat & Goofy Award

01/23/2022 11:56 AM

Quote of the Week Lyn Alden, one of the top macro investment analysts will anger some people with her observation that when it comes to taking action on climate change - the emperor has no clothes. Shocking Stat Is the healthcare debate over the use of private care...

Cryptocurrencies tumble, with bitcoin falling 10% and ether down 13%

01/21/2022 1:21 PM

Bitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 10% and was trading near $38,330 on Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market...

An Indonesian 22-year-old makes $1M by selling NFT selfies on OpenSea

01/21/2022 12:54 PM

An Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold...

Canada Sees Oil Investment Rise 22% In 2022

01/21/2022 12:04 PM

Investments in crude oil this year in Canada could rise by as much as 22 percent, according to the Canadian Association of Petroleum Producers. While this is an improvement over 2021, the expected spending total of US$26.2 billion (C$32.8 billion) is still much lower...

Bank Of Russia Calls For Ban On Crypto Mining And Trading

01/20/2022 11:28 AM

Like many governments, Russian financial regulators have had a complicated relationship with cryptocurrencies. Back in October, Russian leader Vladimir Putin praised cryptocurrencies as a possible tool to help dismantle the global dollar-based financial system. That...

England Ends All COVID Passports, Mask Mandates, Work Restrictions

01/19/2022 2:13 PM

Restrictions including COVID-19 passes, mask mandates, and work-from-home requirements will be removed in England, UK Prime Minister Boris Johnson announced on Wednesday. Johnson also suggested that self-isolation rules may also be thrown out at the end of March as...

Canadians’ financial confidence plunges to record-low: Report

01/18/2022 11:04 AM

The cost of living is rising, and the added burden is weighing heavily on Canadians’ view of their personal finances. A new report published today (Jan. 17) shows that confidence in meeting everyday expenses and reducing debt has weakened in the first quarter of 2022...

Big Fat Idea – Mortgage Check Time

01/17/2022 3:10 PM

Kyle Green of the Green Mortgage Team joins Mike to share the latest numbers on variable and fixed options, whether you should try and renew early, blend and extend or something completely different. And a sooner rather than later heads up for folks purchasing rental...

Trading Desk Notes For January 15, 2022

01/17/2022 2:55 PM

Peak Fed Hawkish – Or Minsky Moment? Peak Fed hawkish means the markets have WAY over-anticipated the consequences of Fed tightening (the Fed will stand down) – Minsky moment means there has been a sea-change at the Fed, and you ain’t seen nothing yet! Both opinions...

Quote of the Week, Shocking Stat & Goofy Award

01/16/2022 12:15 PM

Quote of the Week One of Canada's top economists shares his approach for reducing risk and getting the issues right. Shocking Stat of the Week Covid stats right out of the Centre for Disease Control on who's really at risk. Hint: most will be surprised. Goofy Award...

Schachter’s Eye on Energy for January 14th

01/14/2022 11:24 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Goldman Sachs Calls 10-Year Commodity Supercycle

01/14/2022 11:06 AM

While the markets digest the inflation numbers on Wednesday, all eyes will be focussed on the Federal Reserve's reaction to the inflation data. Many economists expected the 7% gain in the Consumer Price Index, marking a 39-year high. Many markets, including stocks and...

Crypto-backed mortgages still raise red flags, says B.C. regulator

01/14/2022 10:53 AM

B.C.’s mortgage regulator continues to sound warnings about anyone considering purchasing a home with cryptocurrency. The BC Financial Services Authority says there is nothing prohibiting buyers from using such unregulated digital currencies, however there are limited...

Another ‘Not Normal’ Year

01/13/2022 1:27 PM

“The most immediate disturbing factor is that we have a Double Directional Change in 2022. This, combined with the Panic Cycle in politics, simply implies it is NOT going to be a nice normal year.” ~ Martin Armstrong Isn’t that cheerful? No, but neither are the...

Canadians want less trade with China, but at what cost?

01/11/2022 11:08 AM

When it comes to trading with China, “we hold the cards” and Canada should direct its exports away from the authoritarian regime, Vancouver human rights and democracy activist Fenella Sung says. Now, new polling from Angus Reid released Monday suggests most Canadians...

Billionaire investor Bill Miller puts 50% of net worth in Bitcoin

01/10/2022 12:37 PM

Investor Bill Miller is bullish on Bitcoin (BTC) despite the cryptocurrency touching multi-month lows below $40,000 in early January 2022. Miller no longer considers himself just a “Bitcoin observer” but rather a real Bitcoin bull, as he said in a WealthTrack...

Trading Desk Notes For January 8, 2022

01/10/2022 11:51 AM

Interest Rates Surge Higher – Consequences Follow The 10-year US Treasury bond yield hit a 2-year high of 1.8% on news that the national unemployment rate fell to only 3.9% in December and that year-over-year average hourly earnings had surged by 4.7%. American...

Vancouver has backlog of 500 applications for building permits

01/10/2022 11:23 AM

The City of Vancouver has a backlog of 500 applications from people seeking permits to build single-family homes, duplexes and laneway houses. The backlog comes despite a council-initiated task force created early last year to reduce the time builders have to wait to...

Coming Up On Tomorrow’s Show

01/07/2022 2:27 PM

Our first episode of 2022 dives into the deep end of the markets with Dr. Michael Berry, our Fed insider, on the impact of rising interest rates, Victor Adair live from the trading desk plus Ozzie on a new proposed home tax. Mike's quote of the week hits the CBC where...

Vancouver pushes new paper tax on retailers, coffee shops

01/07/2022 12:08 PM

The City of Vancouver sure can throw some curveballs at times. To paraphrase the late comedian Henny Youngman: Take the new paper cup and bag fees. . . please. In the throes of a pandemic, with public health orders confusing even the Mensa members and inflation...

Bitcoin slumps to a three-month low as cryptocurrencies extend losses

01/07/2022 11:50 AM

The price of bitcoin fell below the $41,000 mark on Friday, reaching its lowest level since Sept. 29, according to data from Coin Metrics. Hawkish comments from the Federal Reserve this week triggered a sell-off in global stock markets which spilled over into...

Flying Taxis Could Finally Make A Breakthrough In 2022

01/07/2022 11:08 AM

Flying taxis could gain major attention in 2022, with even more aviation start-ups set to go public. While it is unlikely that we will see them in action before 2024, the infrastructure for and investment in this burgeoning tech could really ramp up this year. Major...

Prediction Consensus: What the Experts See Coming in 2022

01/06/2022 12:57 PM

Even at the best of times, it’s human nature to want to decode the future. During times of uncertainty though, we’re even more eager to predict what’s to come. To satisfy this demand, thousands of prognosticators share their views publicly as one year closes and...

Could A Graphite Shortage Derail The $3 Trillion EV Boom?

01/06/2022 11:22 AM

The $3-trillion EV market needs batteries that are 20-30% graphite–a material the U.S. currently doesn’t produce at all. That makes graphite a matter of national security in the global energy race. Each EV battery requires not only lithium–a metal that investors are...

Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation

01/06/2022 10:34 AM

Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked up gold and BTC as an inflation hedge. When prompted by interviewer William...

Schachter’s Eye on Energy for January 5th

01/05/2022 12:22 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Stick with Canada in 2022, top-performing energy investor says

01/05/2022 11:25 AM

Looking at oil and gas stocks this year? Think small and Canadian, at least according to the world’s leading energy fund manager. “Canada is, I think, the place to be in 2022,” said Eric Nuttall of Toronto’s Ninepoint Partners LP. His $950 million (US$752 million)...

B.C. property assessments climb to $2.4 trillion

01/05/2022 10:43 AM

Property assessments across the province continue to climb with new data revealing a nearly 22% increase since a year ago. The vast majority of B.C.’s total real estate value of $2.44 trillion is housed in the Lower Mainland, according to information posted Tuesday to...

Indonesia miners seek a solution as coal export ban rattles global sector

01/04/2022 12:17 PM

Indonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs of some of the world’s biggest economies. The world’s biggest exporter of thermal coal on Saturday...

Trading Desk Notes For January 1, 2022

01/04/2022 11:28 AM

Here’s what I really think We’ve had an extraordinary run of bullish enthusiasm since the March 2020 Covid panic lows. The S+P has rallied ~120%. A tidal wave of new money has come into the equity markets, with more than half of that going into passive index-linked...

Business confidence in B.C. takes big fall in December

01/04/2022 10:58 AM

Short-term business confidence tumbled in December as the Omicron spread intensified globally and wage pressures remained elevated. According to the latest CFIB Business Barometer reading, the 3-month outlook for Canadian small business retreated 4.5 points to 45.1...

Federal Officials Concerned About Bank Of Canada Adopting Cryptocurrency

01/04/2022 10:27 AM

Internal government documents show that federal officials are concerned about the economic impact that would result if the Bank of Canada develops its own cryptocurrency. The Bank of Canada has spent years studying the feasibility of developing a digital currency or...

A Big Thank You to Finish off 2021

01/03/2022 11:22 AM

I want to thank the 309 MoneyTalks listeners who supported Special Olympics. I’m talking about the people who donated auction items and participated in the Special O golf tournament. And those who not only took great delight in seeing both Ozzie and me dive in at the...

Year-End Shocking Stat and Goofy Award

12/30/2021 12:38 PM

Shocking Stat Please pay attention - this new government tax increase impacts every worker in the country and kicks in January 1st. But no one is hit harder than the self employed and small business owners. Last Goofy of the Year Some call Canada timid, soft or worse....

Quotes of the Year

12/30/2021 12:09 PM

Lots of choices for the Quote of the Year - so why not choose 5 worthy winners. One each from politics, finance, COVID, geo politics and the...

Schachter’s Eye on Energy for December 29

12/29/2021 12:15 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

2022 Will Be A Pivotal Year For Mining

12/29/2021 10:59 AM

The global mining industry is facing its most important decade ever as the world races to reduce its dependence on fossil fuels. The energy transition has sparked a race for critical metals used in solar power and battery technology. Miners will also have to keep...

Ethereum whales dumping ETH as price slides below $4K, data shows

12/28/2021 11:20 AM

The number of Ethereum addresses holding at least 1,000 ETH dropped to a four-year low this week. Ethereum is having difficulty keeping its richest investors in line as its native token, Ether (ETH), hints at logging more losses in the near term. Blockchain data...

Germany: Thousands protest against COVID measures

12/28/2021 10:45 AM

Towns across eastern Germany saw the largest turnouts in protests against a planned vaccine mandate and new restrictions. At least 10 police officers have reportedly been injured in riots in Saxony. Thousands of people demonstrated on Monday against coronavirus...

How Fauci and Collins Shut Down Covid Debate

12/22/2021 1:19 PM

In public, Anthony Fauci and Francis Collins urge Americans to "follow the science." In private, the two sainted public-health officials schemed to quash dissenting views from top scientists. That's the troubling but fair conclusion from emails obtained recently via...

Schachter’s Eye on Energy for December 22

12/22/2021 1:06 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

China is mining bitcoin underground: Report

12/22/2021 11:55 AM

According to a report by CNBC, bitcoin miners have found ways to keep operating in China despite the country’s comprehensive efforts to crack down on the industry. China used to be the country with the most significant share of hashrate. But that began to change in...

The GOAT and the COAT

12/22/2021 11:31 AM

Rarely has a company done so much and received so little respect! A year ago Adcore was undervalued trading at 3X revenue. Now, after posting three consecutive quarters of 200%ish YoY growth, the company trades at just over 1X revenue. Seriously! How is this possible?...

Dormant Bitcoin wallet holding 321 BTC activated after eight years

12/21/2021 11:06 AM

A Bitcoin wallet containing millions of dollars worth of Bitcoin has come out of dormancy. For one reason or another, the wallet has not transacted for years despite having what is considered life-changing money. The wallet had not been used since 2013, barely a few...

Ottawa will challenge higher duties on Canadian lumber into U.S.

12/21/2021 10:59 AM

Ottawa is challenging higher duties imposed on Canadian lumber imported into the United States, in the latest turn in a trade dispute that has persisted for decades between the two countries. The challenge will be filed under the terms of the new North American free...

Lithium miner’s woes may exacerbate strain in EV supply chain

12/21/2021 10:51 AM

Pilbara Minerals (ASX: PLS), one of Australia’s top lithium miners, slashed its forecast for shipments, further exacerbating tight supply for the key ingredient in electric-vehicle batteries. The Perth-based company cited a raft of issues — from delays in...

Trading Desk Notes For December 18, 2021

12/20/2021 12:36 PM

Are you de-risking into yearend? Day-to-day and intra-day price action since Thanksgiving Friday has been very choppy. Big Cap Tech has been fading. Are Portfolio Managers de-risking before yearend to preserve stellar track records? Big Cap Tech fading? Big Cap Tech...

BC forestry majors invested $6 billion elsewhere in 2021

12/20/2021 12:00 PM

Canfor Corporation (TSX:CFP) is capping 2021 with another investment outside of B.C. – bringing the total investment of B.C.’s forestry majors outside of B.C. to roughly $6 billion this year alone. Canfor on Thursday announced it is buying Millar Western Forest...

Bank of Montreal strikes US$16.3 billion deal for Bank of the West

12/20/2021 10:58 AM

The Bank of Montreal has agreed to buy BNP Paribas’ U.S. banking subsidiary, Bank of the West, for $16.3 billion in cash. The deal, announced Monday, would expand the presence here of one of Canada’s largest banks by combining the $105 billion-asset Bank of the West...

Quote of the Week, Shocking Stat & Goofy Award – Dec 18

12/19/2021 12:26 PM

Quote of the Week Well known historian, David Starkey on today's revolution by stealth - and where it leads. Hint: nowhere good. Shocking Stat Senator Elizabeth Warren thinks Elon Musk is “freeloading off a rigged tax code” - to which Elon replied, “Please don’t call...

Coming Up on Tomorrow’s Show

12/17/2021 11:36 AM

An "unbalanced market" has Mike and his guests looking for opportunities and pitfalls. When a few strong, massive cap stocks out-weigh the vast majority of under-performing stocks there is potential for big volatility. Patrick Ceresna of Big Picture Trading joins Mike...

Bitcoin ‘may not last that much longer,’ academic warns

12/17/2021 11:10 AM

Eswar Prasad, senior professor of international trade policy at Cornell University, told CNBC’s “Squawk Box Europe” earlier this month: “Bitcoin itself may not last that much longer.” Bitcoin’s price has been highly volatile over the last few years and in the last...

Lithium Prices Rise as Supply Fails to Meet EV Demand

12/16/2021 10:33 AM

The short supply of industrial grade lithium is causing prices to spike, which could snarl a push by governments to ramp up the use of electric vehicles. Lithium is used to power rechargeable car batteries, among other uses, but a recent bear market and supply chain...

Schachter’s Eye on Energy for December 15th

12/15/2021 2:20 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Gordon Ramsay moves restaurant HQ to Texas from California: Report

12/13/2021 1:47 PM

Celebrity chef Gordon Ramsay has relocated his restaurant headquarters from California to Texas, Dallas Morning News reported. Ramsay has hired a team of businessmen and chefs to expand his restaurant brand across North America, the outlet reported. It added that the...

The EU is Well Ahead of the US in Cryptocurrency Support and Regulation

12/13/2021 1:14 PM

Decentralised finance happens to be one of the few high tech areas where the EU is doing quite well. Last week the Council adopted its position on proposed crypto market regulations for Defi products. They are very industry-friendly. The proposed regulations are the...

Trading Desk Notes For December 11, 2021

12/13/2021 10:58 AM

Bullish enthusiasm came roaring back this week – the S+P registered an All-Time High close – the DJIA rallied >2,000 points from last week’s lows The S+P hit All-Time Highs Monday, November 22, but closed down on the day. Three sessions later, waves of heavy selling...

Quote of the Week, Shocking Stat and Goofy Award

12/12/2021 1:17 PM

Quote of the Week Possibly the most disturbing quote ever heard on this show. But it is time to start understanding the reality of the Chinese concentration camps. Shocking Stat Some advice on how to get young people interested in finance. Goofy Award Public Health...

Schachter’s Eye on Energy for December 9th

12/09/2021 10:55 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Canada’s GDP Is Recovering More Slowly Than Other Economies: BMO

12/08/2021 12:14 PM

The Canadian economy is recovering slower than its peers despite elevated inflation. BMO chief economist Douglas Porter indexed the GDP for Canada, the US, and Australia in Q3 2021. All three economies began as a v-shaped recovery, but Canada is the only one not to...

California Is Addicted To Oil From The Amazon

12/07/2021 11:40 AM

California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar. It is also importing more oil from the Amazon...

Opinion: We are Wet’suwet’en and the Coastal GasLink pipeline protesters do not represent us

12/07/2021 11:03 AM

The following was authored by members of the Gidimt’en Clan and released by Wet’suwet’en First Nation council at their request. We are members of the Gidimt’en Clan of the Wet’suwet’en Nation, together with extended family members from other Wet’suwet’en house groups...

Justinflation is wreaking havoc, so why is everyone ignoring it?

12/06/2021 4:26 PM

Sponsor content received from Integrated Wealth Management Justin Trudeau’s Just-inflation is driving up the cost of everything, and yet, the media, bankers and the Liberal government insist that mysterious global forces – not the Fed’s unprecedented spending,...

Trading Desk Notes For December 4, 2021

12/06/2021 1:26 PM

A vicious circle of aggressive selling, thin liquidity, volatility and fear Given the drama since Thanksgiving Friday, it’s hard to believe that the leading North American stock indices were at All-Time Highs Monday of last week. It’s also hard to believe that, with...

Quote of the Week, Shocking Stat & Goofy Award

12/05/2021 11:59 AM

Quote of the Week Given the non-stop self congratulatory virtue signalling around climate change - you'll be shocked at The Commissioner of the Environment's assessment of Canada's performance. Shocking Stat No matter what you’ve heard about CERB payments it's...

After China’s Crypto Ban, Who Leads in Bitcoin Mining?

12/03/2021 12:41 PM

Bitcoin Mining Moves to America Bitcoin mining is a process that verifies transactions on the blockchain ledger, while also bringing new bitcoins into circulation. To be successful at this, cryptominers require vast amounts of computing power, meaning electricity...

Warren Buffett’s deputy Charlie Munger says markets are crazier now than in the dotcom bubble – and he wouldn’t want a crypto fan to marry into his family

12/03/2021 11:02 AM

Warren Buffett's right-hand man Charlie Munger said markets are even crazier now than during the dotcom bubble. "I wouldn't want any one of them to marry into my family," he said about people who invest in cryptocurrencies. The Berkshire Hathaway exec said China is...

Canada Just Saw The Sharpest Pullback For Housing Investment Since 2009

12/01/2021 1:09 PM

Canadian real estate prices are rising, but investors are quietly pulling back. In fact, they’re withdrawing their capital at one of the fastest rates in history. Statistics Canada (Stat Can) data shows residential investment dropped sharply in Q3 2021. This is the...

The $5 billion hoard of metal the world wants but can’t have

12/01/2021 12:15 PM

On an industrial park about an hour’s drive toward the South China Sea coast from Ho Chi Minh City sit giant mounds of raw metal shrouded in black tarpaulin. Stretching a kilometer in length, the much-coveted hoard could be worth about $5 billion at current prices. In...

Deutsche Bank Bucks Bullish Oil Predictions

12/01/2021 10:27 AM

Deutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. "It would be misguided to think of an OPEC pause on Thursday as bullish, since we have assumed that in our model and still end up...

Singapore piles into gold for the first since 2000

11/29/2021 7:55 PM

The central bank of Singapore increased its gold reserves by 20% this year, buying gold for the first time in two decades. The gold purchase was made between May and June, totaling 26.35 metric tons, according to the data from the Monetary Authority of Singapore's...

What Happens Next?

11/29/2021 9:44 AM

As we close out 2021, I want to provide you with an honest understanding of our current economic environment, the real risks we face, and the opportunities we may have. Grab some popcorn and cross your fingers. Bigger Government The most recent edition of The...

Quote of the Week & Shocking Stat

11/28/2021 11:05 AM

Quote of the Week Attention all resource protestors including university profs & NGOs Better not listen to Chris Sankey, member of Coast Tsimshian. As Jack Nicholson famously warned, “you can’t handle the truth.” Shocking Stat Look at the truly shocking results when...

Trading Desk Notes For November 27, 2021

11/27/2021 12:56 PM

Risk Happens Fast The S+P 500 hit All-Time Highs on Monday’s opening – but closed 165 points (3.5%) lower by Friday’s close. The daily S+P futures volume on Friday was the highest since early October – and was probably the highest EVER for a Thanksgiving Friday. The...

Help, what is happening with our universities?

11/27/2021 12:42 PM

This is an English translation of a letter by Guus Berkhout of CLINTEL that was published in De Telegraaf, the largest newspaper in The Netherlands earlier this week. In recent years we have seen the strangest things happening to our universities. Professors must be...

Cybersecurity Update – Live Webinar

11/26/2021 5:49 PM

Join Plurilock CEO Ian Paterson on Monday Nov 29th at noon pacific time, 1pm MT, for an update on the cybersecurity sector, an overview of PLUR's string of acquisitions and record earnings in Q3, plus Q & A for investors considering adding cybersecurity to their...

New German government cites crypto in coalition agreement

11/26/2021 12:16 PM

The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.” Three German political parties agreed to a coalition deal this week that will see left-leaning...

Coming Up on Tomorrow’s Show

11/26/2021 11:30 AM

After a tumultuous Black Friday in the markets and the concerns around a new Covid variant, Mike and the team try to make sense of the trends. Paul Beatty joins Mike to share some stocks he hopes his fund will hold for 10 years or more, plus some of his shorter term...

Mike’s Poll Question

11/26/2021 10:19 AM

Hopefully you'll get a chance to unwind over the holiday season. In order to help out over the next few weeks we're going to ask a series of poll questions. Let's start with which streaming tv series would be your top recommendation.

Hillary Clinton: Regulate crypto to stop manipulation by Russia and China

11/25/2021 12:08 PM

Former Secretary of State Hillary Clinton has said that cryptocurrency markets need stronger regulations to protect against technological manipulation by Russia, China and others. Her comments on cryptocurrency were part of a larger segment in a Wednesday interview...

Schachter’s Eye on Energy for November 24th

11/24/2021 1:49 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Rare Earth Elements: Where in the World Are They?

11/24/2021 1:27 PM

Rare Earths Elements: Where in the World Are They? Rare earth elements are a group of metals that are critical ingredients for a greener economy, and the location of the reserves for mining are increasingly important and valuable. This infographic features data from...

Trading Desk Notes For November 20, 2021

11/23/2021 2:15 PM

A handful of BIG cap tech stocks make all the difference The DJIA and the small-cap indices closed lower for two consecutive weeks (the DJIA fell as much as 1,000 points from last week’s high to this week’s low) – but the Nasdaq and the S+P 500 indices hit new...

El Salvador announces plans for a Bitcoin City

11/23/2021 1:48 PM

El Salvador will build a Bitcoin City powered by geothermal energy from a nearby volcano, President Nayib Bukele said (not on SNL) this weekend. The city will be circular in shape to resemble a bitcoin, and residents will encounter tributes to the crypto in the city’s...

Visa and MasterCard’s duopoly is under threat

11/22/2021 2:55 PM

  In the fast-changing world of payments, Visa is beginning to feel as left out as those of us who didn’t get invited to a Friendsgiving. Last week, Amazon said it would stop accepting Visa-branded credit cards from UK customers beginning next year. That move follows...

Why are investors turning to mortgage funds?

11/22/2021 11:18 AM

Returns on GICs and “high-rate” savings accounts have been in general decline for decades. Investors in these low income-generating products now face an uphill battle as inflation accelerates, with countries printing money at an astounding rate. Real inflation numbers...

Quote of the Week & Goofy Award

11/20/2021 10:15 AM

Quote of the Week In a world where feelings dominate over facts, acclaimed psychologist, Drew Weston's great insight into why our debates are so over heated. Hint: he's talking to you and me. Goofy Award Just another example of major companies bowing to China's...

Coming Up on Tomorrow’s Show

11/19/2021 1:40 PM

Don Vialoux joins Mike to share some of his seasonal trading ideas as we head towards the traditional Christmas rally season, Victor Adair on the wild volatility in the market, and of course, the potential economic implications of the massive and tragic flooding in...

Is US politics divisive enough to make crypto a partisan issue?

11/19/2021 12:06 PM

As the perceived legitimacy of blockchain technology increases, politicians in the United States have shown a growing interest in turning this non-partisan technology into a topic of political divisiveness. Speaking via video to an audience of the Bloomberg New...

Grocers, feds vow to keep B.C.’s food supply-chain strong

11/19/2021 11:11 AM

Grocers and governments are vowing that B.C.'s food supply chain will stay strong, in the wake of landslides and highway collapses that have strained the province's supply chain. Canada's Minister of Transport Omar Alghabra told media at an afternoon news conference...

Supply chain crisis shows signs of gradually easing

11/18/2021 11:44 AM

Slowly but surely, the supply chain bottlenecks that have plagued the global economy for over a year appear to be easing—or at least have been circumvented. The country’s largest retailers all said in unison this week that supply chain snags won’t play the role of the...

Definity raises $1.4B in largest Canadian IPO of 2021

11/18/2021 11:32 AM

Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about $1.4 billion (US$1.1 billion) in the largest Canadian initial public offering of the year. A total of 63.6 million shares were sold for $22...

Schachter’s Eye on Energy for November 17th

11/17/2021 11:41 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Another Fine Mess

11/17/2021 11:39 AM

“This is a fine mess that you’ve gotten us into Ollie” ~ Stan Laurel to Oliver Hardy in Another Fine Mess 1930 Maybe “Houston, we have a problem” from the movie Apollo 13 is more apropos. We’re dealing with significant increases in inflation, record government debt,...

Australian baseball club Perth Heat to pay athletes in Bitcoin

11/17/2021 10:53 AM

Australian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin (BTC). The partnership allows Perth Heat to pay professional players and staff in Bitcoin. According to the announcement, the...

Trudeau risks stoking inflation with stimulus plans, Scotiabank says

11/17/2021 10:35 AM

Prime Minister Justin Trudeau’s government is at risk of adding to Canada’s inflation problem if it unveils more big-ticket spending measures this fall, a Bank of Nova Scotia economist said in a note to clients. Finance Minister Chrystia Freeland is expected to give...

Trading Desk Notes For November 13, 2021

11/15/2021 2:35 PM

The hotter-than-expected US CPI report rocked the markets Wednesday morning Gold spiked nearly $50 within 90 minutes of the CPI report and ended the week ~$100 (6%) above last week’s lows. Speculators in the gold futures market were net long a modest-sized position...

Canadian home sales hit annual record after 10 months

11/15/2021 11:34 AM

The Canadian real-estate market is heating back up, posting the strongest increase in sales since the beginning of the pandemic housing boom. Home sales surged 8.6 per cent in October from the month before, the biggest increase since July 2020 when the country was...

Quote of the Week, Shocking Stat & Goofy Award

11/14/2021 12:02 PM

Quote of the Week Pandemic lockdown techniques being considered for imposing climate change policies. Shocking Stat The astounding inflation figure announced this week, and the permanent price increases it has generated. Goofy Award The bizarre story of a white...

50% Off the VR Blockchain Newsletter

11/12/2021 3:18 PM

Mark Leibovit may be a little miffed when he finds out Michael has arranged a 50% discount for his listeners! And timing for this service couldn’t be any better as we see Blockchain technology emerge.  Banking. Social Media. Email. Even entire governments. All will...

Coming Up on Tomorrow’s Show

11/12/2021 2:50 PM

Inflation trades, asset inflation and the unintended consequences of COP26 dominate the agenda on tomorrow's show. Plus Market Timer extraordinaire Mark Leibvoit on opportunities in the cryptocurrency space, gold and the general market. Plus a great Goofy, Shocking...

Schachter’s Eye on Energy for November 12th

11/12/2021 11:58 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold  newsletter covering the general energy market and 30 energy, energy service and pipeline &...

From Amazon to Zoom: What Happens in an Internet Minute In 2021?

11/12/2021 11:07 AM

From Amazon to Zoom: An Internet Minute In 2021 In our everyday lives, not much may happen in a minute. But when gauging the depth of internet activity occurring all at once, it can be extraordinary. Today, around five billion internet users exist across the globe....

Opinion: During COVID, the charter has been useless

11/09/2021 1:00 PM

Ten days ago the Manitoba Court of Queen’s Bench was the latest court to rebuff a constitutional challenge to COVID restrictions on civil liberties. Chief Justice Glenn Joyal ruled that provincial public health orders were constitutionally justifiable, joining courts...

Incoming NY mayor wants crypto taught in schools

11/08/2021 12:47 PM

New York Mayor-elect Eric Adams appears to be doubling down on his pro-crypto stance, asserting that schools should incorporate cryptocurrency studies into their curricula. Speaking during a Sunday interview with CNN’s State of the Union, Adams described...

Oil might be double today’s prices without OPEC+, UAE says

11/08/2021 12:28 PM

The United Arab Emirates said oil prices would be even higher today if it wasn’t for OPEC+, signaling the group will continue resisting U.S. pressure to pump faster. “Fortunately, we have OPEC+,” UAE Energy Minister Suhail Al-Mazrouei said Monday at the Africa Oil...

Trading Desk Notes For November 6, 2021

11/08/2021 11:39 AM

Stocks soar to New All-Time Highs The worries that caused the major stock indices to slump ~6% in September have been forgotten – bullish sentiment has returned BIG TIME, and the indices have surged to All-Time Highs with the DJIA and the S+P rising for the past five...

Quote of the Week & Goofy Award

11/07/2021 11:59 AM

Quote of the Week Prince Charles opens COP26 with the political blueprint for climate change. Hint: it doesn't involve democracy. Goofy Award At COP 26 no country out virtue signals Canada. No country's making a bigger carbon footprint... and guess what? You're paying...

How Fauci Fooled America

11/06/2021 11:46 AM

When the pandemic hit, America needed someone to turn to for advice. The media and public naturally looked to Dr. Anthony Fauci—the director of the National Institute of Allergy and Infectious Diseases, an esteemed laboratory immunologist and one of President Donald...

Coming Up on Tomorrow’s Show

11/05/2021 2:17 PM

Greg Weldon joins Michael to discuss what he refers to as "the market's dis-connect from reality" as asset prices soar on inflation, and the bond and currency markets fail to respond as expected. Mike shares his thoughts on the goofy lack of self-awareness by...

Canada’s employment engine shifts into lower gear

11/05/2021 10:10 AM

Canada’s labor market continued to heal in October as retail businesses ramped up hiring, though the pace of gains has begun to cool. The economy added 31,200 jobs last month, Statistics Canada said Friday in Ottawa, missing expectations for a gain of 41,600 in a...

Group of investors purchase tungsten cube for $250,000

11/04/2021 11:17 AM

Crypto investors mean that as a compliment of the highest order. Their growing obsession with cubes of tungsten, a material admired for its tightly packed particle structure, hit a new high this week. What happened: A group of investors called the TungstenDAO...

Schachter’s Eye on Energy – November 3rd

11/03/2021 1:52 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Ontario won’t mandate COVID-19 vaccines for hospital workers

11/03/2021 11:29 AM

Premier Doug Ford says that his government will not make vaccination mandatory for hospital workers amid concerns about staffing shortages in the sector. Ford made the announcement in a statement issued on Wednesday afternoon, effectively going against the advice of a...

Green Jobs Are a Cost, not a Benefit

11/03/2021 11:12 AM

The International Energy Agency recently reported that shifting to clean energy will create between 13 and 26 million jobs by 2030. They present this as a benefit, but that’s misleading; jobs are not a benefit but a cost. That might sound counterintuitive, but it’s...

Cenovus launching share buyback, doubling dividend

11/03/2021 10:52 AM

Cenovus Energy Inc. is rewarding patient shareholders as surging cash flow puts the oil and gas producer on track to hit its debt target. In a release early Wednesday, Cenovus announced it will double its quarterly dividend to 3.5 cents per share as of the fourth...

Canadian Real Estate Prices Are Overvalued By Up To 91%: Moody’s

11/02/2021 10:28 AM

Canadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the...

Trading Desk Notes For October 30, 2021

11/01/2021 11:35 AM

Tesla soars – stock indices hit new All-Time Highs Tesla’s market cap was ~$1.14 Trillion at the end of October- up ~$340B for the month. $340B is more than the total market cap of 481 of the companies in the S+P 500. Massive buying of (very) short-dated call options...

Green Energy: A Bubble In Unrealistic Expectations

10/29/2021 11:59 AM

Sponsor content received from Integrated Wealth Management This week’s EVA provides another sneak preview into David Hay’s book-in-process, “Bubble 3.0” discussing what he thinks is the crucial topic of “greenflation.”  This is a term he coined referring to the rising...

Coming Up on Tomorrow’s Show

10/29/2021 10:24 AM

Eric Nuttall, senior portfolio manager of the Ninepoint Energy Fund and National Post columnist, joins Michael to share his thoughts on the "generational" opportunities in the Canadian energy sector - despite the impact of ESG and Canadian green policy decisions. Plus...

Federal deficit hits $57B nearing halfway of fiscal year

10/29/2021 9:30 AM

The federal government ran a deficit of more than $57 billion over the first five months of its fiscal year, about $114 billion less than the treasury pumped out during the same stretch one year earlier. The Finance Department's regular fiscal monitor says the...

NYC firefighters union says members should defy vaccine mandate

10/28/2021 11:50 AM

The head of the New York City firefighters union said on Wednesday he had told unvaccinated members to report for duty regardless of an order by Mayor Bill de Blasio to place them on unpaid leave if they fail to get the COVID-19 shot. New York City firefighters who...

Schachter’s Eye on Energy – October 27th

10/27/2021 10:49 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Bank of Canada ends QE; moves up timeline for rate hike

10/27/2021 10:06 AM

The Bank of Canada has ended its bond-buying stimulus program and accelerated the potential timing of future interest rate increases amid worries that supply disruptions are driving up inflation. In a statement on Wednesday, policy makers led by Governor Tiff Macklem...

Jeff Bezos announces plans to build private space station

10/26/2021 12:03 PM

Jeff Bezos' Blue Origin on Monday announced it wants to launch a space station that will house up to 10 people in the second half of the decade, as the race to commercialize the cosmos heats up. "Orbital Reef," described in a press statement as a mixed-use business...

Expensive lumber makes a return amid supply cuts, labour shortages

10/26/2021 11:14 AM

High lumber prices are back, even as the industry steps into what is normally a seasonal lull. Prices are climbing amid tight supplies and a pickup in homebuilding. Western Canada is seeing reduced output and the U.S. south is grappling with labor shortages. The U.S....

Metro Vancouver utility fees could spike to almost $1,000 by 2026

10/26/2021 10:17 AM

Metro Vancouver’s annual utility fees are projected to climb 65% over the next half-decade to almost $1,000 annually by 2026, a massive spike as the region races to replace costly and aging infrastructure. In 2021, a household paid roughly $574 to the regional body, a...

BTC price model creator: Bitcoin bull market ‘2nd leg has started’

10/26/2021 9:51 AM

Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg” of...

Trading Desk Notes For October 23, 2021

10/25/2021 10:24 AM

New All-Time Highs for the leading stock indices – but “rotation” rules. The S+P and the DJIA came roaring back and hit new All-Time highs after that tiny 6% dip in September (capital flows show that retail and hedge funds Bought-The-Dip), but the tech-heavy Nasdaq...

The Goofy Award

10/24/2021 12:07 PM

This won't be popular - but it's on the short list for ugliest secret in Canadian business (and for consumers) that no one wants to talk...

Quote & Shocking Stat of the Week

10/24/2021 12:00 PM

Quote of the Week Two former central bankers warn that history shows that the Fed Reserve and Bank of Canada can't just turn inflation on and off. Shocking Stat of the Week Lots of talk about transitioning to renewables and EVs but not much about the astounding cost....

Coming Up on Tomorrow’s Show

10/22/2021 12:26 PM

We're diving into the implications of interest rate hikes - to your mortgage, your portfolio and the economy. One report from Scotiabank projects EIGHT hikes in the next two years. Plus some ideas for income and dividend stocks from Aaron Dunn - also likely to be...

Schachter’s Eye on Energy – October 20th

10/20/2021 1:06 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

What’s Made from a Barrel of Oil?

10/20/2021 11:33 AM

From the gasoline in our cars to the plastic in countless everyday items, crude oil is an essential raw material that shows up everywhere in our lives. With around 18 million barrels of crude oil consumed every day just in America, this commodity powers transport,...

B.C. to reopen sports arenas, concerts to max capacity

10/20/2021 10:13 AM

Canucks players will likely be hearing more cheers from the crowd at Rogers Arena than previously expected when the puck drops for the NHL team’s home-opener next week. Provincial health officer Dr. Bonnie Henry announced Tuesday B.C. would return to 100% capacity at...

John Catsimatidis: $100 Oil Is Likely

10/19/2021 11:20 AM

With oil prices rallying in recent weeks, it looks like we are going to see $100 a barrel oil, John Catsimatidis, who is active in both the oil and food business, told FOX Business on Monday. “With oil nearly at $84 this morning, we are going to see $100 oil, it looks...

Is Colorado the Next Zero-Income Tax State?

10/19/2021 10:02 AM

The effort to chisel away at the state income tax has gained steam in the Centennial State. Can voters and Governor Polis pull it off? When an interviewer recently asked Colorado’s Democratic governor Jared Polis what the state’s income-tax rate should be, he answered...

Quote of the Week & Goofy Award

10/17/2021 2:07 PM

Quote of the Week Let's all pretend there are no consequences to the moves governments make. Hint: better no look at energy prices. Goofy Their act never gets old as 25,000 get set to descend on Glasgow for the latest climate fest but few people see what's coming...

Coming Up On This Week’s Show

10/15/2021 1:17 PM

The pandemic has brought the question of "rights" to the fore, along with issues of free speech or access to timely health care. Legal expert Rob Grant joins Michael to clarify what rights Canadian actually enjoy. Plus stock trading ideas from master educator Tyler...

Canadian housing market posts first sales gain in 6 months

10/15/2021 8:38 AM

Canada posted its first nationwide home sales increase in six months as the end of summer vacations and a steadily improving economy boosted the market. National home sales rose 0.9 per cent in September from the month before, the first monthly increase in...

Schachter’s Eye On Energy – October 14th

10/14/2021 12:50 PM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

‘No growing support’ for fossil fuel divestment: RBC

10/13/2021 11:42 AM

Working with the fossil fuel industry to improve its environmental impact is seen as more effective than divesting from the emissions-heavy sector, according to RBC Global Asset Management's latest survey on environmental, social and governance-focused (ESG)...

How Democracy Ends

10/13/2021 10:36 AM

How Democracy Ends: COVID19 policy shows a (potential) path to the end of America The pandemic events of 2020-2021 outline a potential pathway for a future democratically elected President of the United States to systematically end democracy. The course of events...

U.S. to reopen land borders to vaccinated Canadians

10/13/2021 10:22 AM

Fully vaccinated Canadian vacationers and day-trippers will be allowed to drive into the United States beginning in early November, the Biden administration said Tuesday, the first glimmer of hope in nearly 20 months for the families and businesses that depend on...

Is Decarbonization Threatening Europe’s Energy Security?

10/12/2021 12:39 PM

Later this month about 25,000 people are headed to Glasgow for the 26th annual United Nations Framework Convention on Climate Change (UNFCCC), known as COP26. The UK, this year’s host of the Conference of the Parties, has asked participants to submit more ambitious...

EU launches first green bond with record size and demand

10/12/2021 12:09 PM

The European Union sold its first ever green bond to record demand on Tuesday, taking its first step to potentially become the biggest issuer of environmentally-friendly debt with a record-sized deal. The 15-year green bond raised 12 billion euros ($13.9 billion) and...

There’s a big message in how to invest and trade the markets in the movement of energy. Learn it or miss out. Trading Desk Notes brought to you by Victor Adair!

10/12/2021 11:18 AM

Energy prices are smoking hot The Chart Of The Week is UK Natural Gas. Nearby futures hit All-Time highs in August – then quadrupled from there by early this week – only to fall in half by Friday (Putin indicated that Russia could increase supply.) New York Natural...

Coinbase is launching a marketplace for NFTs

10/12/2021 10:28 AM

Coinbase is getting into NFTs. The cryptocurrency exchange said Tuesday it plans to launch a marketplace that lets users mint, collect and trade NFTs, or non-fungible tokens. Users can sign up to a waitlist for early access to the feature, the company said. NFTs are...

CFIB urges feds to tighten recovery benefit, extend other aid

10/12/2021 10:21 AM

With some key federal COVID-19 support programs set to expire in less than two weeks, the Canadian Federation of Independent Business (CFIB) is urging the federal government to extend and adjust its aid. The CFIB represents almost 100,000 small and medium-sized...

Quote of the Week, Shocking Stat & Goofy Award

10/10/2021 2:58 PM

Quote of the Week Two top experts weigh in on why dissenting opinions on Covid must be entertained not censored. Note: Canadian officials and most media disagree. Shocking Stat Rising inflation expectations could threaten the entire financial system. That's why...

Vancouver council moves on after parking fee rejected

10/08/2021 11:43 AM

After a contentious parking fee plan marketed as addressing the climate crisis was narrowly voted down, Vancouver city councillors are looking for other avenues to address the problem. Transportation will continue to be a major focus, according to some councillors....

British Columbia may axe deep well credits for oil and gas

10/08/2021 11:06 AM

Royalties and tax credits for B.C.’s oil and gas industry are outdated, piecemeal, complex, and don’t provide the societal benefits that they should, according to an independent assessment by two public policy and energy experts commissioned by the B.C. government to...

Tesla moves headquarters from California to Texas

10/08/2021 10:26 AM

Tesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company’s shareholder meeting on Thursday. The meeting took place at Tesla’s vehicle assembly plant under construction outside of Austin on a property that...

Canada returns to pre-pandemic employment levels

10/08/2021 10:20 AM

Canada has recovered all of the roughly three million jobs lost to COVID-19. The country’s economy added 157,100 jobs in September, returning the labor market to pre-pandemic levels, Statistics Canada said Friday in Ottawa. That compares with economists’ expectation...

All the Metals We Mined in One Visualization

10/08/2021 10:00 AM

Metals are all around us, from our phones and cars to our homes and office buildings. While we often overlook the presence of these raw materials, they are an essential part of the modern economy. But obtaining these materials can be a complex process that involves...

Vancouver’s war on car owners set to shift into overdrive in 2022

10/06/2021 12:11 PM

The City of Vancouver’s incessant guerilla assault on car and truck owners has taken on many shapes over the years. But 2022 offers the prospect of an inflection point, from a period of annoyance to one of absurdity. A proposal before the city’s council this week...

Schachter’s Eye On Energy – October 6th

10/06/2021 10:47 AM

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Conference Board CUTS Canada Growth Forecast

10/06/2021 10:17 AM

The Conference Board of Canada released its two-year economic outlook and forecasts that Canada’s real gross domestic product (GDP) will grow 5.1 per cent in 2021. Our projection for the year is down from previous estimates largely because the Canadian economy...

The Global Supply Chain Crisis Could Last Until 2023

10/04/2021 10:48 AM

Global central bankers have been out and about continuing to promote a narrative that inflation is "transitory." We've seen it from the likes of Powell, Lagarde, Bailey, and Kuroda. Logically, these monetary wonks are right, inflation caused by supply chain...

Canadians can’t shake their thirst for debt: Poll

10/04/2021 9:49 AM

It’s been roughly 20 months since borrowing costs were slashed drastically at the onset of the COVID-19 pandemic, but a newly released poll is providing fresh evidence that Canadians are still binging on cheap money. According to the latest MNP Consumer Debt Index, 58...

Quote of the Week & Goofy Award

10/03/2021 4:46 PM

Quote of the Week  The popular and controversial Gad Saad on the seeds of society's destruction.  Goofy  Relax - with the release of the two Michaels the government says "it's eyes are wide open" when it comes to the Communist government in...

Trading Desk Notes For October 2nd

10/02/2021 12:05 PM

Major stock indices drop to 10-week lows – then bounce The most significant broad market decline since Biden’s election (S+P and DJIA down ~6%, Nasdaq 100 down ~7.5%) happened right on schedule. For the previous 35 years, September (especially the 2nd half) has...

Coming Up on This Week’s Show

10/01/2021 2:26 PM

"It's best to know what is coming." So says world-renowned analyst Martin Armstrong about his less than optimistic forecasts. Martin joins Michael to discuss problems in the global monetary system, where capital is flowing and the implications for your financial...

El Salvador has just started mining bitcoin using the energy from volcanoes

10/01/2021 10:22 AM

El Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano. President Nayib Bukele – who has banked his political future on a nationwide bitcoin experiment – tweeted early Friday morning that this is the country’s maiden voyage into...

Canadian economy bounces back during summer reopenings

10/01/2021 9:53 AM

Canada’s economy returned to growth as consumers headed back to restaurants and entertainment venues, propelling spending on services. Gross domestic product rose 0.7 per cent in August, Statistics Canada said in a flash estimate from Ottawa. That’s a reversal from...

Gold price shoots higher on US labor data disappointment

09/30/2021 10:10 AM

Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market. Spot gold rose 1.7% to $1,757.38 per ounce by 11:55 a.m. EDT, its highest level in more than a week. US...

Compound supply bug mistakenly rewarded users with $70M in tokens

09/30/2021 10:05 AM

Decentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was designed to “split COMP...

G-7 Ministers Set to Meet on Reopening International Travel

09/30/2021 9:49 AM

Transport and health ministers of the G-7 countries are due to meet virtually on Thursday to discuss ways to restart international travel, according to people familiar with the matter. The meeting is being organized by the U.K., which holds the presidency of the Group...

Schachter’s Eye On Energy – September 29th

09/29/2021 11:29 AM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Rare Mew Pokémon Oreos Are Selling For Thousands

09/29/2021 10:32 AM

The best quick-buck scheme of the year isn’t GameStop stock, cryptocurrency, or reselling next-gen consoles. It’s...Pokémon Oreos? Oreos emblazoned with designs of Mew, the psychic-type feline Pokémon, are currently selling for hundreds if not thousands of dollars on...

Trading Desk Notes For September 25th, 2021

09/27/2021 2:24 PM

Evergrande Monday The Dow Jones futures contract dropped >1,300 points from last Friday’s highs to Monday’s lows and then rallied back > 1,300 points to Thursday’s highs – a ~2,600 point round trip in five trading sessions. Here’s my take: The leading stock indices...

Big Fat Idea – Shifting Away from Bonds

09/27/2021 10:54 AM

Many investors are fearing a crash. Stocks are at record highs. Inflation is on the rise. More COVID waves and variants. Supply chain issues. An increasingly chaotic political environment under the Biden & Trudeau administrations. Etc. Etc. Etc. But the real risk is...

The Legend of the $1 Trillion Platinum Coin

09/27/2021 10:04 AM

You may have heard that a deadline to suspend the debt ceiling is rapidly approaching, and if lawmakers don’t do anything it could lead to “economic catastrophe,” in the words of Treasury Secretary Janet Yellen. But what if we told you there was a solution to the debt...

Quote of the Week & Shocking Stat

09/26/2021 1:32 PM

Quote of the Week Nobel Laureate Bertrand Russell on the danger of faux certainty in the absence of evidence. Shocking Stat Poll results say post election we're more divided than ever but the damage is more profound than...

Goofy Award

09/25/2021 11:18 AM

The two Michaels are free but that doesn't excuse the lack of attention to China's election...

U.S. household net worth jumps to record $142 trillion

09/24/2021 9:24 AM

Total U.S. household net worth — the value of all assets minus liabilities — jumped by $5.8 trillion to a record $141.7 trillion at the end of June, according to a report from the Federal Reserve released Thursday. The value of corporate equities rose $3.5 trillion to...

Bitcoin and ether slide as China intensifies crypto crackdown

09/24/2021 9:04 AM

Bitcoin and ether tumbled Friday, with traders rattled by tough talk out of China. The price of bitcoin fell nearly 6% to $42,124.73, according to Coin Metrics data. Ether, the second-largest digital currency, dropped 8% to $2,894.36. It comes after the People’s Bank...

Oil Rises To Two-Month High As Inventories Fall

09/23/2021 10:12 AM

Oil prices rose on Thursday to their highest levels since late July after U.S. crude stocks dropped to their lowest in three years and the broader market received more clarity about the Fed’s next policy moves. As of 10:52 a.m. EDT on Thursday, WTI Crude traded above...

You can now get paid in bitcoin to use Twitter

09/23/2021 9:39 AM

Twitter on Thursday announced it will now allow users to tip their favorite creators on the social network using bitcoin. The company introduced tipping as a test feature back in May as a way to experiment with helping creators earn payments from their followers for...

Schachter’s Eye On Energy – September 22

09/22/2021 12:59 PM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

10% of early-stage startups working on blockchain: GSER 2021

09/22/2021 9:22 AM

With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based...

Will South America’s Latest Oil Boom Spark A Military Clash?

09/21/2021 12:45 PM

Since the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square miles west of the Essequibo river belongs to the Bolivarian Republic. That controversy has heated up in...

Why are investors turning to mortgage funds?

09/21/2021 12:27 PM

Returns on GICs and “high-rate” savings accounts have been in general decline for decades. Investors in these low income-generating products now face an uphill battle as inflation accelerates, with countries printing money at an astounding rate. Real inflation numbers...

Canada stocks, dollar climb after Trudeau wins third term

09/21/2021 12:04 PM

Canadian stocks climbed along with the country’s currency after Prime Minister Justin Trudeau won a historic third term in a federal election that did little to reorder the political balance of the country. Canada’s benchmark S&P/TSX Composite Index was up 0.7 per...

Canada’s Oil Industry Could Win Big In Hard-Fought Election

09/20/2021 11:55 AM

The future of Canada’s oil and gas industry - a major employer in the country and especially in oil-rich Alberta - is at stake in Monday’s federal election, in which climate change is a key theme alongside the impacts of the pandemic on the Canadian economy. The snap...

Quote of the Week & Shocking Stat

09/19/2021 11:02 AM

Quote of the week  On the eve of the election, three heavyweights weigh in on what it takes to be a great leader.  Shocking Stat  Trumps gone - and so has the anger and frustration...Not! The latest polls results are truly shocking - and spell trouble...

Goofy Award

09/19/2021 10:54 AM

Thanks Hillary, Barrack and Bernie - but no thanks we don't need to be told who to vote for. Plus a chance to get the dunce cap off when it comes to corporate...

On This Week’s Show

09/17/2021 1:36 PM

Do deficits really matter? Lance Roberts joins Mike to discuss if the 40 year trend will ever end. Mike's thoughts on the upcoming federal election, plus investor insights into cybersecurity, all our regulars and of course.... a Goofy Award. All starting right here at...

Mapping The Biggest Companies By Market Cap in 60 Countries

09/17/2021 9:55 AM

Tech giants are increasingly making up more of the Fortune 500, but the world’s biggest companies by market cap aren’t so cut and dry. Despite accounting for the largest market caps worldwide—with trillion-dollar companies like Apple and contenders including Tencent...

Alberta introduces new rules, passport amid COVID crisis

09/16/2021 9:50 AM

Alberta Premier Jason Kenney, facing a COVID-19 crisis that is threatening to collapse its health system in just over a week, has reintroduced limits on gatherings along with elements of a vaccine passport system. Alberta is also asking for help from other provinces...

Schachter’s Eye On Energy – September 15th, 2021

09/15/2021 11:48 AM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Former BOC governor says economy facing ‘tripod of angst’

09/15/2021 9:42 AM

When it comes to the state of the economy, particularly during a federal election campaign marred by the COVID-19 pandemic, a former Bank of Canada governor likens it to be a “tripod of angst.” Stephen Poloz, who spent seven years at the helm of the central bank until...

Is Oil Really Doomed?

09/14/2021 10:22 AM

Two recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate change. They add to a growing body of research calling on Big Oil to stop pumping. But Big Oil...

Bitcoin worth $2 billion moves for just $0.78

09/14/2021 9:57 AM

Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78. Although it is unknown...

Trading Desk Notes For September 11, 2021

09/13/2021 11:49 AM

Stock indices trended lower all week to end the week right on their lows. Option Vol spiked higher In late August, my primary trading view was that the summer’s complacent, pro-risk market sentiment was due for a correction. “Everybody” was a buyer. Stock index option...

Chinese firm buys Canada mRNA vaccine tech in US$500M deal

09/13/2021 9:18 AM

Chinese biopharma firm Everest Medicines Ltd. will license an mRNA COVID-19 vaccine from Canada’s Providence Therapeutics Holdings Inc., as companies try to bring the most effective inoculation platform into China despite its apparent resistance to western shots....

Quote of the Week, Shocking Stat & Goofy Award

09/12/2021 9:40 AM

Quote of the Week "Science" has been one of the big casualties during the pandemic but it shouldn't be a surprise given government controls the research purse strings. Shocking Stat The shocking impact of organized crime on the prices we pay for even the most...

On The Saturday Show

09/10/2021 1:44 PM

Best interview you’ll hear on what the leaders should be talking about re cost of living, gov debt, taxes, housing, growth but don’t. No holds barred chat with one of Mike's favourite economists, John Johnston. Ozzie on the latest government real estate move that will...

Mapped: The World’s Fastest Growing eCommerce Markets

09/10/2021 11:41 AM

While the overall retail industry struggled amidst the global pandemic, eCommerce sales managed to reach unprecedented heights. In 2020, retail eCommerce sales grew by 27.6%, reaching a total of $4.28 trillion worldwide. In 2020, Latin America’s eCommerce market saw...

Facebook Launches Smart Glasses With Ray-Ban

09/10/2021 10:25 AM

A brief history of smart glasses: Google Glass: ✖️ Snap Spectacles: ✖️ (so far) Facebook’s “Ray-Ban Stories”: We're about to find out. Facebook launched its first-ever line of smart glasses in partnership with Ray-Ban yesterday. The glasses, which start at $299,...

How a foreign homebuyer ban in Canada could backfire

09/10/2021 9:41 AM

Anyone looking to purchase property in Canada who is not a citizen or permanent resident of this country may not have much time left. After Canadians go to the polls on September 20, some potential homebuyers may have to wait to buy a property in Canada as both the...

Schachter’s Eye On Energy – September 9th, 2021

09/09/2021 11:06 AM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Are Oil Prices Heading To $64 or $200? Depends On Who You Ask

09/09/2021 10:25 AM

Brent Crude prices are set to retreat to $64 a barrel by the end of 2021, one of Japan’s leading banks says, while the energy minister of a Gulf oil producer warned that the International Energy Agency’s suggestion of no new investments in oil could push oil prices to...

Goldman Sachs cuts its US GDP forecast for the 2nd time in a month after last week’s soft jobs report – but lays out 2 reasons why it’s still optimistic

09/09/2021 10:10 AM

Goldman Sachs economists lowered their US growth forecast for 2021 to 5.7% from 6.2% on expectations of a "harder path" ahead for consumers. This revision follows a weak August jobs report that showed the domestic economy added a disappointing 235,000 jobs during the...

The SEC’s “Really Sketchy Behavior”

09/09/2021 9:31 AM

That’s how Coinbase CEO Brian Armstrong described the SEC’s latest crypto crackdown. According to Coinbase, the Wall Street regulator has sent the crypto exchange a “Wells notice” regarding its upcoming lending product, Lend. Wells notice = a threat to take legal...

Trading Desk Notes For September 4, 2021

09/08/2021 10:53 AM

Powell’s “Substantial Further Progress” – is not happening yet – and neither is the taper The combination of much weaker-than-expected employment and consumer confidence reports means that the Fed will delay the taper. Price action was dull all week – nobody wanted to...

Diamond Rebound Rolls On as De Beers Reports Another Bumper Sale

09/08/2021 10:02 AM

The diamond industry’s resurgence showed no sign of slowing down with De Beers reporting its biggest gem sale since February as consumers continued to buy jewelry. Anglo American Plc’s De Beers said it sold $515 million of rough diamond at its seventh sale of 2021,...

Former Walmart Exec Unveils Plan To Build A ‘New City In America’

09/08/2021 9:54 AM

A ‘new city in America’, set to house five million people, is being planned by a former executive of Walmart. Last week, Marc Lore, former head of US e-commerce for Walmart, unveiled plans for the new city, appointing a world-famous architect to design it. The...

Amazon brings its cashierless tech to two Whole Foods stores

09/08/2021 9:15 AM

Amazon is bringing its automated checkout technology to a pair of Whole Foods stores, the company announced Wednesday, marking the latest test of the grab-and-go system in a full-size supermarket. In a blog post, Amazon said the technology, called “Just Walk Out,” is...

Canadian Consumer Confidence Plummets by Most Since April 2020

09/07/2021 12:07 PM

Confidence among Canadian consumers fell by the most since the depths of the pandemic, suggesting that the elevated sentiment that sparked Prime Minister Justin Trudeau’s bid for re-election may soon be fading. The Bloomberg Nanos Canadian Confidence Index, which...

A 150-Year Old Idea Could Lead To A Breakthrough In Space Travel

09/07/2021 10:45 AM

The increasing frequency of both natural and man-made catastrophes such as worldwide pandemics and climate catastrophes has re-validated the urgency to establish humanity as a multi-planet species. Indeed, the founding ethos of Elon Musk's private spaceflight company...

Quote of the Week, Shocking Stat & Goofy Award

09/05/2021 10:58 AM

Quote of the Week School’s back this week and eminent economist, Thomas Sowell’s astute observation on what we’re doing to our kids. Shocking Stat If this shocking economic stat doesn’t get your attention - can’t think of what will. Goofy It will take all the...

Day-Trading Army Goes All-In on NFTs as Meme-Stock Mania Ebbs

09/03/2021 10:14 AM

Bankrupt car-rental firms and Bitcoin-to-the-moon bets are falling out of fashion, as the retail army plunges into the digital art world like never before. Thanks to collectibles like Pudgy Penguins and the Bored Ape Yacht Club going viral on social media, sales of...

How to Invest in the Booming Chip-Tech Industry

09/03/2021 9:48 AM

How much of the modern world is powered by chip-tech? From computers and TVs to cars and washing machines, chips (or semiconductor devices) enable almost all of our digital goods. When the COVID-19 pandemic brought the regular world to a halt, it put a focus on our...

Enbridge set to open most capacity on long-delayed Line 3 pipeline

09/02/2021 11:44 AM

Canadian pipeline operator Enbridge Inc notified oil shippers on Wednesday that it would offer capacity for 620,000 barrels per day (bpd) on its Line 3 oil pipeline starting in October, signaling confidence in completing the long-delayed project. The aging pipeline,...

Kid siblings earn over $30,000 a month mining cryptocurrency

09/02/2021 10:25 AM

Fourteen-year-old Ishaan Thakur and his sister, 9-year-old Aanya, spent their summer building a lucrative business mining cryptocurrency. “We started because we wanted to learn something new about technology – and also make some money along the way,” Ishaan tells CNBC...

Schachter’s Eye On Energy – September 1st, 2021

09/01/2021 11:44 AM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Is gold ready to run higher?

09/01/2021 11:09 AM

The gold market continues to see lackluster demand even as the price holds support above $1,800 an ounce. However, one market strategist said that sentiment could start to shift to the bullish side once again before the end of the month. In an interview with Kitco...

Major firms to hire thousands more, underscoring global supply-chain woes

09/01/2021 9:41 AM

Walmart Inc said on Wednesday it planned to hire 20,000 workers at its supply chain division ahead of the busy holiday season as the world's largest retailer and other major rivals battle a logistics and labor crunch. The roles, a mix of part-time and full-time jobs...

Wildfire Tech Finally Sees Investor Momentum

08/31/2021 12:13 AM

After years of hesitance, investors are finally warming up to wildfire tech. Questions around monetization have generally been the reason financiers have avoided startups making technology to help combat wildfires. According to Ahmad Wani, co-founder and CEO of...

PayPal is exploring a stock-trading platform for U.S. customers

08/30/2021 11:53 PM

PayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans. The San Jose,...

Support.com Becomes The Latest Meme Stock

08/30/2021 10:03 AM

Support.com is a relatively unknown software company, considering how high it must rank in Google search results. But it’s under-the-radar no more: Amateur traders are gassing it up like friends at a bridal fitting. Shares of Support.com skyrocketed as much as 203% on...

Quote of the Week & The Goofy Award

08/29/2021 9:59 AM

Quote of the Week A well known climate activist says overstating the dangers of climate change will backfire. Goofy Award The doctored, misleading campaign video is not the biggest problem when it comes to...

Visualizing the Critical Metals in a Smartphone

08/27/2021 4:19 PM

In an increasingly connected world, smartphones have become an inseparable part of our lives. Over 60% of the world’s population owns a mobile phone and smartphone adoption continues to rise in developing countries around the world. While each brand has its own mix of...

Vancouver businesses say they won’t enforce BC’s vaccine passport

08/27/2021 8:16 AM

Following the provincial government’s announcement that B.C. residents will need to show proof of vaccination to attend certain social events, many small businesses took to social media to announce they will not be enforcing the order. The movement was spurred by the...

India To Boost LNG Import Capacity By 12%

08/26/2021 1:07 PM

India is planning to expand its import capacity for liquefied natural gas by 12 percent by building a new floating import terminal in the western state of Gujarat. The terminal is due to become operational next year, Reuters reports, and will bring India’s total LNG...

Canada sees supply of main crops dropping 26% on drought impact

08/26/2021 9:22 AM

Canada, the world’s biggest canola grower and a major wheat producer, forecasts a 26 per cent drop in supplies of its main crops as drought ravages output and inventories shrink. Grain and oilseed exports are expected to fall in the marketing year that started Aug. 1...

Richard Branson’s Virgin Orbit to go public via $3.2B SPAC deal

08/24/2021 9:05 AM

Virgin Orbit is set to go public via a merger with a special purpose acquisitions company (SPAC), the company has confirmed. The deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100...

Justin Sun Buys NFT of a Rock for More Than Half a Million Dollars

08/23/2021 10:10 AM

Actually, 31-year-old crypto mogul Justin Sun spent $611,710 to buy an EtherRock NFT yesterday. And he can’t even take it home and pet it. Because it’s literally just a Clipart of a rock. What’s going on: EtherRocks are one of the latest crazes in the world of NFTs...

Facebook: Novi Digital Wallet Is ‘Ready to Come to Market’

08/20/2021 3:58 PM

Facebook said Wednesday that the global payments system is seriously flawed and that the social media giant can fix it. “Change is long overdue,” Facebook’s David Marcus wrote in a blog post. Marcus, the former PayPal chief hired in 2018 to lead Facebook’s blockchain...

Amazon Is Reportedly Planning to Open Its Own Department Stores

08/20/2021 10:45 AM

Amazon is like that monster from horror movies that kills its victims then assumes their identity. The company is planning to open several large brick-and-mortar retail locations in the US that resemble department stores, the WSJ reports. The physical stores will...

Chip crisis threatens to cut auto output by 7.1M cars

08/20/2021 10:03 AM

The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble the industry well into next year, IHS Markit said. The lack of chips won’t stabilize until the...

Home prices rising per square foot, annual survey shows

08/19/2021 10:42 AM

The fifth annual Price per Square Foot Survey, released August 11 from Century-21 Canada, shows that real estate continues to be a strong investment. While real estate is most often dependent on local market conditions, the past year has seen widespread increases in...

Schachter’s Eye on Energy – August 18th

08/18/2021 12:18 PM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline...

Palantir Buys $50.7 Million Worth of Gold Bars

08/18/2021 11:11 AM

Palantir, the data analytics software company cofounded by Peter Thiel, revealed in a filing that it bought $50.7 million worth of 100-ounce gold bars. Why? “You have to be prepared for a future with more black swan events,” COO Shyam Sankar told Bloomberg. A black...

Canada Could Boost Oil Pipeline Capacity As Soon As September

08/17/2021 2:03 PM

Canada’s oil sands producers may find welcome relief to years of pipeline capacity constraints when the first new pipeline in years could enter into service as early as next month. Enbridge said in a filing with the Canada Energy Regulator last week that its Line 3...

Blockchain can help filter the fake news dilemma

08/16/2021 8:21 AM

Gartner predicts that the majority of individuals in developed economies will consume more false than true information by 2022. While trust in mass media and established institutions is declining, the use of online social media to connect is rising sharply and it has...

What Will The Gas Station Of The Future Look Like?

08/16/2021 7:34 AM

Two-thirds of Americans are interested in electric cars. Sales of EVs hit a record of more than 300,000 in the first half of the year. Everything seems to be going well for EVs and their makers. And yet, gas station owners are having trouble justifying the costs of...

Kevin Muir – The MacroTourist

08/13/2021 1:37 PM

Long passionate about markets, Kevin grew up in a household where his father was an equity research director. Being exposed to market talk as long as he can remember, Kevin’s true love was always macro. In fact, his first trade was in the US dollar index which...

Companies Going Public in 2021: Visualizing IPO Valuations

08/13/2021 7:41 AM

Companies Going Public in 2021: Visualizing Valuations The beginning of the year has been a productive one for global markets, and companies going public in 2021 have benefited. From much-hyped tech initial public offerings (IPOs) to food and healthcare services, many...

Schacter’s Eye on Energy – Aug. 11th

08/11/2021 1:14 PM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...

Is Robinhood The Next Meme Stock To Explode?

08/11/2021 8:04 AM

Robinhood, the “democratizing” zero-fee trading app that helped create the retail trading frenzy that led to the wild ride with Gamestop and AMC Entertainment stocks, is now it’s own wild ride. It’s a self-fulfilling prophecy. Robinhood launched its IPO on July 29th...

Giving Up Oil Is Impossible: Alberta Premier

08/10/2021 11:44 AM

Giving up oil and other fossil fuels is "patently unrealistic", Alberta Premier Jason Kenney said in comments on the IPCC climate report released yesterday, which warned that humankind's window for addressing climate change was closing fast. The report attributed—with...

Censored by Facebook

08/06/2021 6:13 AM

I'm not allowed to post on MoneyTalks - no reason given. Increasing attacks on free speech are the norm and come at a huge cost to innovation and progress. PS You could be...

Big Business’ New COVID Initiative: No Jab, No Job

08/05/2021 10:30 AM

Ever since the first Covid-19 vaccine was approved for use in the United States about seven months ago, most Americans have dreamed of the day when the virus will be vanquished and life gets back to normal. But according to the Bloomberg Covid-19 tracker, only 50% of...

Schachter’s Eye on Energy – Aug. 4th

08/04/2021 10:05 AM

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...