Landslide Trump Victory in 2024 – Martin Armstrong

By Greg Hunter

Legendary financial and geopolitical cycle analyst Martin Armstrong has correctly predicted every presidential race since the 1980’s with his “Socrates” data mining program. The 2024 race, featuring Donald J. Trump, is shaping up to be the most lopsided race for the White House in history. Armstrong explains, “Trump should win. This data has even shocked me, and it’s been right on every election and even Brexit. It’s basically showing, out of 6 models, it is showing four basically all for Trump, but two of them are showing absolute unbelievable landslides. It’s showing 61% for Trump. . . . The computer has never come up before with this complete gap . . . . In 2016, it showed Trump would win, but not overwhelming, but this one is absolutely stunning.”

Many say that they can stop Trump by cheating more than in 2020. Armstrong is seeing that the margins are so big they cannot cheat enough to fill the gap. Armstrong contends, “That’s the way it is shaping up. If you look at the polls on confidence in government, even Europe is down to only 30% of the people trust government anymore. We are looking at a serious collapse in the confidence of government on every level you want to look at. Our computer also shows that this election is not going to be accepted by the other side. . . . Honestly, I have never seen our computer project such a landslide. . . . The Biden Administration, in all honesty, is a complete disaster.”

Everything that’s Dangerous about U.S. Banks Today in One Highly Readable Book

By Pam Martens

Anat Admati, Professor of Finance and Economics at Stanford Graduate School of Business, and German economist Martin Hellwig, have performed a public service to all Americans with their newly released, updated and expanded book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It. It puts the interlocking web of corruption that is mistakenly referred to as the U.S. banking system into a pristinely documented and highly readable book.

Let us first explain those men without pants on the book jacket. That provocative graphic comes from the storyline in the Hans Christian Andersen tale “The Emperor’s New Clothes.” Tailors offer to make the emperor magical clothes that will be visible only to smart people and invisible to the stupid and unfit.

Why Stocks Could Rally 20% – Again – in 2024

By Brett Eversole

Most investors never saw it coming...

2022 had inflicted an incredible amount of pain. Stocks and bonds fell in tandem. Nearly everyone expected the pain to continue in 2023.

The market tends to do the opposite of what everyone expects, though. And instead of falling further, stocks soared.

The market finished the year up 26%. A good chunk of those gains came in November and December. And the broad rally since late October points to more gains this year.

In fact, history shows the market could rally 20%-plus in 2024.

Let me explain...

A year of 20%-plus market gains might seem like an outlier. But it's more common than you'd think.

Used-Car Wholesale Prices Have Given Up 53% of their Crazy Pandemic Price Spike: Historic Plunge Continued in December

Used-Car Retail Prices have given up only 36% of their price spike so far.

By Wolf Richter for WOLF STREET.

Used vehicle prices at auctions fell another 0.5% in December from November, seasonally adjusted; and by 2.0%, not seasonally adjusted, according to the Manheim Used Vehicle Value Index today. Manheim is the largest auto auction house in the US and a unit of Cox Automotive. Its auction venues sell about 5 million vehicles a year. The index is adjusted for changes in mix and mileage.

The index price, at $18,110, has dropped by $4,792, or by 20.9%, from the peak in May 2022. During the incomprehensibly crazy run-up of prices from February 2020 through May 2022, the index had soared by $8,842, or by 63%, to $22,902.

As of December, $4,792 or 53% of the $8,842 price spike has now vanished – a historic plunge, after a historically insane price spike.

Crypto Is About to Have a “Moneymaker Effect”

By Houston Molnar

In 2003, Chris Moneymaker entered the 2003 World Series of Poker. He’d won a ticket to the event at an online tournament with a buy-in of $650.

At the time, Moneymaker was an unknown. Few people thought the accountant from Spring Hill, Tennessee, could win against legends like Robert Varkonyi, Dan Harrington, and Phil Ivey.

But to the surprise of everyone, Moneymaker took home the $2.5 million grand prize.

It’s considered one of the greatest upsets in gaming history – akin to Buster Douglas’ epic knockout of Mike Tyson in February 1990.

At the time, “Iron Mike” was the undisputed heavyweight champion. With 33 knockouts under his belt, he entered the match a 42-1 favorite against Douglas.

According to the defunct website Poker Listings, Moneymaker was the first person to win the World Series after qualifying online.

Let’s cut right to the chase…

It’s the world’s most under-the-radar market move, and that’s a good thing.

In 2023, gold didn’t just perform; it dazzled…

Gold’s price hit a record high of nearly $2,150/ounce, later stabilizing around $2,050.

This peak, fuelled by factors like Middle East tensions, anticipated U.S. rate cuts, and a weaker dollar, confirms gold’s role as a reliable asset in uncertain markets.

Despite its significant rise, coverage remained minimal, mainly highlighted by gold enthusiasts.

Looking ahead to 2024, the impact of the global economic climate on gold remains a key focus.

The Spotlight’s Back on the Fed

Right now, most economists are predicting a modest recovery year for 2024, with most countries growing below their historical average GDP growth rates:

Coinbase Custody changes leadership ahead of Bitcoin ETF decision: Report

By Ana Paula Pereira

Rick Schonberg will succeed Aaron Schnarch as CEO of Coinbase Custody as the spot Bitcoin ETF race heats up.

The game of musical chairs preceding the decision on whether a spot Bitcoin

exchange-traded fund (ETF) will be allowed on Wall Street is ongoing, with Coinbase reportedly replacing the leadership of its custody business. According to Bloomberg, Aaron Schnarch recently resigned as the CEO of Coinbase Custody.

Schnarch had been leading the company since June 2022 but has now been succeeded by Rick Schonberg, a senior fintech executive working at Coinbase since 2021 as head of custody, foundations and trading, according to his LinkedIn profile. Goldman Sachs, State Street and JPMorgan Chase are among his previous employers.