The Uncomfortable Truth of How War Affects the Markets

By Brett Eversole

The first sirens started blaring at 6:35 a.m...

It was the first warning that an attack was coming. Rockets began raining down, battering central and southern Israel.

On October 7, Hamas – the terrorist group that controls the Gaza Strip – fired more than 2,000 rockets into the country. But this was more than an aerial assault. Hamas invaded Israel by air, land, and sea...

Fighters killed civilians indiscriminately. Hamas is now holding more than 200 people hostage – many of whom were taken captive in the first attacks.

Israel has declared war. As of today, just a month after the assault began, the death toll on both sides is in the thousands. I'm sure you've seen the ongoing news coverage.

Terrorists Blowing Up Stuff gives Excuse for Martial Law – Martin Armstrong

Legendary financial and geopolitical cycle analyst Martin Armstrong began 2023 predicting “chaos” would be coming around the world. We have a bloody war in Ukraine, a new conflict with Gaza and Israel, and a wide open U.S. border with the FBI predicting huge terror attacks coming to America. Is this kind of destabilization a coincidence or is it a Deep State globalist plan? Why are the demonic dark powers taking peace from the earth and forecasting big terror events coming to America? Armstrong contends, “It is very simple. Basically, we are looking at a sovereign default. Governments are pushed to the limit at this stage. You even had Fed Head Jay Powell come out last week and say ‘the spending is unsustainable.’ The Biden Administration is a complete corrupt absolute disaster. It’s not really Biden . . . he’s just there to sign whatever they stick in front of him.”

This Is the “Final Collapse” of the Dollar’s Buying Power

By Teeka Tiwari

I remember years ago when my daughter – my middle child – got accepted to a private school. She worked hard to pass that entrance exam.

At the time, some things went askew in my business. And I couldn’t spare the capital needed to send her to a private school.

So I had to sit down with my then-preteen daughter and tell her the hard truth. I said, “Honey, I can’t afford these school fees.”

That conversation haunts me to this day.

Friends, you never get over a wound like that. I’m a far wealthier man now than I was back then, but I still carry the guilt of not being able to provide for my daughter.

I couldn’t give her the opportunity she needed at the time she needed it because I didn’t have the money. I don’t think I’ll ever get over it.

If you’re a parent, you know exactly what I’m talking about.

Here’s why I’m telling you about this painful moment in my life…

The Most Splendid Housing Bubbles in Canada: Prices Drop Further as Sales Slow and New Listings Jump Further

By Wolf Richter for WOLF STREET.

The Canada Home Price Benchmark Index for single family houses in fell for the third month in a row, in September by 1.3% from August, after having dropped by 1.1% and by 0.5% in the prior two months, to $815,300 (all prices in Canadian dollars).

The three months in a row of declines came after a wild and woolly sucker rally in the spring, fueled by the spring buying season and fake hopes about rate cuts. But the Bank of Canada instead went on to hike rates further to 5.0%, and at the last meeting added a further tightening bias, while inflation has begun to resurge across the board, topped off with Canada’s worst rent inflation since 1983.

The breathtaking price plunge last year forms the base for this year’s year-over-year comparison; and after the wild and woolly sucker rally this spring, the benchmark price is up 1.6% year-over-year. Since the peak in March 2022, the benchmark price has now dropped by 14.2%, or by $135,300, according to data from the Canadian Real Estate Association (CREA) on Friday.