ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
November 11, 2025 | About That: Are Trump’s Global Tariffs Illegal?
Good overview of the legal issues in this segment. Has Congress given the U.S. president the power to impose sweeping tariffs through the International Emergency Economic Powers Act? The Supreme Court will make a decision in a ruling that could restrain the Trump administration’s primary economic and foreign policy tool. Andrew Chang breaks down the […]
November 11, 2025 | The Tariff “Dividend”
President Donald Trump has proposed a $2,000 tariff “dividend” to every American. Reminiscent of the stimulus checks provided during COVID-19, the payment comes at a time of low public confidence in government and government policy. Tariffs generated $151 billion between April and October, according to the Committee for a Responsible Federal Budget. Treasury Secretary […]
November 10, 2025 | No Bailout
Happy Monday Morning! The Carney government unveiled its highly anticipated fiscal bazooka. The deficit is pegged at $78.3 billion for this fiscal year, representing 2.5% of Canada’s GDP. That’s roughly in line with the median estimate in a Bloomberg survey of economists. The budget foresees an extra $167 billion in total budget deficits over the […]
November 10, 2025 | “Helping” People into Lifelong Debt
Mortgage rates are lower than they were a year ago, and home prices have fallen in many areas. Still, home affordability remains the worst in decades (US ratio below since 2009). The culprits are high prices and operating costs, which skyrocketed in the aftermath of the pandemic. The median US home price (402K in Q1 […]
November 9, 2025 | Knowns and Unknowns
Everywhere I go, people ask me what’s next for the economy. My answer depends on what they mean by “next.” Anything can happen next month. I’m much more confident about what we’ll see over the next 5-7-10 years: a painful debt crisis, a “Great Reset” and then a much brighter future as the economy normalizes […]
November 9, 2025 | If AI Is in a Bubble, It WILL Pop
[ My friend Doug Behnfield, a wealth manager and senior vice president at Morgan Stanley in Boulder, has contributed many commentaries to Rick’s Picks over the years. Below is the Q3 report he sent out to clients several weeks ago. Like many observers, he is troubled by the enormous concentration of investment capital in the AI space. Can the […]
November 9, 2025 | Health Prepping: A Future to be Avoided at All Costs
A few months ago, I put a pistol (Sig Sauer P320 for the gun people out there) on a bedside table to remind me to clean it. But I didn’t get to it right away. And then one day it was gone. After a frantic hour spent checking every possible part of the floor and […]
November 9, 2025 | American Household Debt Reaches $18.59 Trillion
American household debt has reached a new all-time high after rising by $197 billion in Q3 to $18.59 trillion. American consumers, the breadbasket of the national economy, are overleveraged. The economy is less likely to absorb shocks from trade disruptions or shifting interest rates. Two-thirds of US GDP is based on consumer spending. Trade […]
November 8, 2025 | Danielle on CBC Weekend Business Panel
Here is a direct video link.
November 8, 2025 | Trading Desk Notes for November 8, 2025
Quote of the week: “Hyperscaler cash flow can’t cover the AI capex arms race.” Mike Hartnett, Chief Investment Strategist, Bank of America The S&P and the NAZ gapped higher when markets opened on Sunday afternoon, October 26 (blue ellipse), and both indices reached new record highs on Monday through Thursday that week, but registered their lowest close […]
November 8, 2025 | Tech Talk for Saturday November 8th 2025
The Bottom Line U.S. equity indices recovered sharply in the second half of trading on Friday: That’s when Democrat members in the Senate offered a proposal to end the federal government shutdown. Prior to the news, price levels for U.S. and Canadian equity indices, related ETFs and individual equities extended losses for the week. The […]
November 7, 2025 | The BBC Scandal Demonstrates Maybe Bigger than Watergate
The BBC has shown the world what is really taking place in Mainstream Media and even Wikipedia, which nobody should donate 10 cents to, yet another FAKE NEWS organization edited by the government. We saw it with COVID-19, where the government told social media to cancel people. Others are being debanked because the government […]
November 7, 2025 | The AI Boom Launches Into Space
EVOLUTION OR DELUSION? The latest big idea from the AI boom takes flight—literally. Moving artificial intelligence computation into low-orbit space might be the craziest idea yet to emerge from the AI bubble that refuses to burst. The logic is simple—and sounds insane. AI data centers devour power, and the grid can’t keep up. So, the […]
November 6, 2025 | Canadian Govt to Kill 400 Ostriches to Prevent COVID Research
The owners of Universal Ostrich Farm in B.C., Canada, has a contract signed with a Japanese research firm to study treatments for COVID-19. Biomedical research of this nature would ruin the plan-demic powers Canada enjoyed, and as such, the government plans to kill all 400 ostriches at this farm after an extensive legal […]
November 6, 2025 | Let Them Eat Cheetos
“The top 10% of US households now hold 87% of all US stocks owned by households, with the top 1% alone owning 50%. By comparison, the remaining 90% hold just 13%, while the bottom 50% hold only 1%. The wealth gap has never been bigger.” – Kobeissi Letter Discover more Social commentary forum […]
November 5, 2025 | Norway to Send $7 Billion to Ukraine – Everyone is Sending Funds Ahead of 2026
Norway is providing Ukraine with an additional $7 billion in 2026, or an astounding 1.23% of GDP. Norwegian Defense Minister Tore O. Sandvik invited Ukrainian Prime Minister Denys Shmyhal to participate for the first time in the Joint Expeditionary Force (JEF) meeting. The two sides signed a memorandum to establish joint defense manufacturing in Ukraine, […]
November 5, 2025 | AI Bubble Could Destroy The Economy
One of the currently underappreciated costs of the AI bubble is all of the resources and attention it is sucking away from other critical activities and investments. Gary Marcus, founder at Geometric Intelligence, joins BNN Bloomberg to discuss concerns around the AI bubble. Here is a direct video link. Craig Fuller, FreightWaves founder and CEO, joins […]
November 4, 2025 | Federal Judge Overrules E.O. Requiring Voter ID
US District Judge Colleen Kollar-Kotelly ruled that it is unconstitutional to require voters to show proof of citizenship. Donald Trump demanded that only citizens vote in US elections and signed an executive order in March to ensure a federal ID is required to vote. Democrats sued Trump for infringing on voters’ rights. Kollar-Kotelly ruled […]
November 4, 2025 | Asset Bubbles are Real Life Destructive–Can We Learn To Stop The Madness?
Located on the Gulf coast of Florida, Cape Coral has long been a haven for retirees, speculators and boom-bust real estate cycles. In the 2002 to 2006 property boom, debt-flush buyers pushed median home prices in the greater Lee County up by 280% in just 4 years. Naturally, this made the area a leading foreclosure center when the bubble burst in 2007. As borrowers defaulted […]
November 3, 2025 | Worried About the Gold/Silver Correction? Don’t Be. It’s Just a “Head Fake”
Gary Bohm at Metals and Miners just posted a great analysis of the recent turmoil in precious metals and why it’s likely to be temporary. Here’s an excerpt: The $7.5 Billion Head Fake: Why History’s Largest Gold Outflow Last Week Will Turn Out To Be A Generational Buying Opportunity! The media has seized upon […]
November 3, 2025 | Perched in the Danger Zone
Most people are worried about missing upside, not downside. And usually to their detriment. The chart shows the two-year time period (1990-1992) that I made my biggest profit ever in real estate. As shown HERE, my net profit was $600,000 – and my ROI was 100%. Could I do something similar […]
November 3, 2025 | Worse Than The 90’s?
Happy Monday Morning! As expected the Bank of Canada slashed rates once again, bringing the overnight rate to 2.25%, and bringing the prime rate to 4.45%, it’s lowest level since June 2022. “There’s nothing to cheer about here. We’re lowering interest rates because the economy is under immense strain,” noted Warren Lovely, managing director with […]
November 3, 2025 | Plan To Downsize Housing For Retirement? You Aren’t Alone
According to Statistics Canada’s 2024 population estimates, there are roughly 9.3 million Baby Boomers in Canada (born 1946-1964), now aged 61 to 79, and comprising 23% of the population. The final 25% of the group (2.2–2.4 million, born 1961-1964) will be turning 65 over the next three years (2026-2029). Similar ratios apply in America, where […]
November 3, 2025 | Y’all Street
Financiers are deserting Wall Street in search of asylum from socialist policies. Miami is a hot spot for Wall Street refugees, but another notable area has garnered attention that those in the industry are terming “Y’all Street.” Dallas, Texas, has a rapidly expanding ecosystem of financial institutions, private equity firms, fintech companies, hedge funds, […]
November 2, 2025 | Top Trump Officials Move to US Military Bases
Government officials are rapidly moving onto US military bases for security. The Atlantic reported that Stephen Miller, Pete Hegseth, Marco Rubio, Kristi Noem, and other senior officials have relocated to US bases around Washington, D.C. These officials have received personal threats and have been notified by intelligence agencies that civil unrest is inevitable. This is […]