ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
September 12, 2025 | Bank Mortgage Lending Created The Canadian Housing Bubble
Substantial acceleration in bank mortgage lending for residential real estate was essential in creating the Canadian housing bubble. Now that the housing bubble is bursting new mortgage lending could slow or even decline. If the rate of increase in new mortgage debt slows sharply home prices will drop leading to a crash in the housing […]
September 12, 2025 | The Storm Hits The Art Market
The salad days of near-zero interest rates enabled excess demand and price-insensitive buying across most sectors all at once; that included art markets. After a euphoric frenzy peaked in 2022, art prices have been falling since, and a world of feeder sectors and businesses is contracting along for the ride. See, The Storm Hits the Art […]
September 11, 2025 | RIP Charlie Kirk (1993-2025)
Political activist Charlie Kirk was murdered while speaking at Utah Valley University. Kirk, 31, leaves behind a wife and two small children. Violence against conservatives must come to an end. Democrats have been encouraging violence against their political opponents and their supporters. The world watched the gruesome death of Iryna Zarutska, whose killer was […]
September 11, 2025 | Black Swans: What If the “Scaling Cliff” Pops the AI Bubble?
Artificial intelligence is this decade’s tech success story. And that sector’s stocks — led by the almost supernaturally powerful chip maker Nvidia — are primarily responsible for the S&P 500 and Nasdaq being at record highs. In just the past five years, nearly a trillion dollars have been thrown at AI data centers, chip plants, and model […]
September 11, 2025 | Understanding The Job Loss Cycle
Backward-looking job revisions show the US and Canadian economies have been producing fewer and fewer jobs amid rising unemployment. Mass layoffs are due next. EPB Macro’s Eric Basmajian explains in the segments below. This video analyzes why elevated profit margins are giving businesses more room and time to absorb slowing economic conditions without resorting to […]
September 10, 2025 | The Freedoms Lost Under the Patriot Act
The Patriot Act was drafted and pushed through with lightning speed, something that could not have been written overnight. This was the beginning of warrantless surveillance, indefinite detention, and a wholesale reversal of constitutional rights. I have said many times: governments do not waste a good crisis. They wait for the right moment to impose […]
September 10, 2025 | Black Swans: What If the “Scaling Cliff” Pops the AI Bubble?
Artificial intelligence is this decade’s tech success story. And that sector’s stocks — led by the almost supernaturally powerful chip maker Nvidia — are primarily responsible for the S&P 500 and Nasdaq being at record highs. In just the past five years, nearly a trillion dollars have been thrown at AI data centers, chip plants, and model […]
September 10, 2025 | Investor Exodus Accelerating Real Estate Downturn
Statistics Canada housing data shows that, in 2021, across the provinces, 15–27% of houses were owned as an investment/secondary property (i.e., not an owner’s primary residence)—with PEI 27%, Nova Scotia 20%, Ontario/Manitoba/New Brunswick/B.C. generally in the mid-teens. Condos skewed higher, with 30–42% of condo apartments owned as secondary properties in the provinces studied. (Perspectives Journal). In related […]
September 9, 2025 | Repopulation is Turning the UK into a Muslim Nation
The new Home Secretary of the United Kingdom is yet another reminder that the UK is a Muslim nation. Shabana Mahmood, a Pakistani woman, is now responsible for England and Wales’s internal affairs, including immigration, national security, and counter-terrorism measures. The issue is not that she is Muslim; rather, the issue is that open […]
September 8, 2025 | Vietnam Erases 86 Million Bank Accounts – The Great Reset in Motion
Vietnam has erased and/or frozen 86 million unverified bank accounts as the nation surrenders to the globalist Great Reset. Anyone wishing to function in society must surrender their biometric data to maintain a bank account. The State Bank of Vietnam (SBV) claims that the measure was a system cleanup aimed at preventing fraud. In […]
September 8, 2025 | Chopping Time, Again
Happy Monday Morning! Just a couple weeks ago we learned Canada’s second quarter GDP shrank at a 1.6% annualized pace, the biggest decline since the pandemic and the first contraction in nearly two years. While roughly in line with the Bank of Canada’s forecasts, the decline was worse than expected in a Bloomberg survey […]
September 8, 2025 | Ontario Real Estate Update
The Toronto area saw the average home price drop for the seventh consecutive year-over-year decline in August. Detached home prices, down 10%, fell more than other property types. The average sales price for all property types has dropped by more than 23 per cent in the GTA (Greater Toronto Area) since the February 2022 price […]
September 7, 2025 | Is AI Changing the World?
QUESTION: Hi Martin, Considering the potential influence of AI, also taking into account the behaviour of the 80 percent that went with the COVID narrative, I was wondering. The AI is being fed by human interaction on the internet, probably somewhere else as well, but very much directed. Now that does not seem to direct to […]
September 7, 2025 | From the Archives: How Inflation Is Crushing Our Kids, In 5 Charts
An important line was recently crossed, when the wealth of America’s 1% surpassed that of its entire middle class: In recognition of this milestone — and the societal turmoil it all but guarantees — here’s a post from March of 2024 that fleshes out the thesis: How Inflation Is Crushing Our Kids, In 5 Charts […]
September 7, 2025 | Trading Desk Notes for September 7, 2025
The summer doldrums are over – tensions and volatility surge, creating great trading opportunities! Gold is at record highs, in nominal and inflation-adjusted terms. Comex gold futures are up ~38% YTD, up~100% from the October 2023 lows (blue ellipse) made just before the Hamas attack on Israel. A weaker USD (down ~12% YTD to 3-year lows) […]
September 6, 2025 | California May Reimplement Mask Mandates
Remember when peer-reviewed scientific studies proved that masking did not protect against the spread or transmission of COVID-19? California lawmakers only recall the immense power granted to them through COVID-19 mandates. On September 1, 2025, the California Department of Public Health (CDPH) issued a warning to the public–“Protect yourself and your loved ones […]
September 6, 2025 | Housing Headaches and More
We have no scarcity of economic challenges. Price inflation is high on the list, in part because we saw so little of it for so many years. Inflation’s return in 2021–2022 brought back memories for those (ahem) who lived through the 1970s. And not the pleasant kind. None of our generation wants to see the […]
September 6, 2025 | Tech Talk for Saturday September 6th 2025
The Bottom Line Responses to the August U.S. employment report released on Friday were significant. Lower than consensus Non-farm Payrolls prompted equity prices to move lower and bond prices to move higher. Yield on 10 year Treasuries dropped below support a 4.18% and 4.12% extending an intermediate downtrend. Yield dropped on growing anticipation of a […]
September 5, 2025 | No Stopping EU Needs War
Following the meeting, which was attended by Zelensky, the Petit Napoleon Macron, pushing to conquer Russia, said that 26 countries – including the UK and France – have pledged to deploy troops in Ukraine as a “reassurance force” in the event of a ceasefire. They know what they are doing. This is the prelude to […]
September 5, 2025 | Chicago Mayor Johnson Calls for Insurrection
Chicago Mayor Brandon Johnson is rallying the people to begin an insurrection, but of course, it is (D)ifferent. “Are you prepared to defend this land that was built by slaves and indigenous people?” the mayor asked, urging the people to “resist” the US National Guard, while of course, adding in divisive racial political rhetoric. Rather […]
September 4, 2025 | WTI Prices Vulnerable In The Near Term To Fall Shoulder Season Inventory Build. This Week Total Stocks Up 7.6 Mb.
WTI Crude oil prices are steady at US$63.44/b (low today US$62.72/b) compared to US$63.66/b last week at this time. President Trump’s window for Russia to agree to peace talks with Ukraine have gyrated energy prices. President Putin has invited President Zelensky to Moscow but this is not as safe as where Zelensky wanted, Switzerland. Crude […]
September 4, 2025 | Danielle on Thoughtful Money
After a year of projecting confidence in America’s “strong” and “resilient” economy, at his recent Jackson Hole appearance, Federal Reserve Chair Jerome Powell suddenly changed his tune. He expressed concern about the deteriorating labor market, saying the situation may warrant a resumption of monetary easing notwithstanding the potential inflationary risks of tariffs. This comes at […]
September 4, 2025 | Is The Deep State Killing AfD Candidates? WHY?
After touching base with numerous sources in Germany, the sudden death of SIX AfD Party candidates after the deep state of Germany sought to ban the party, and Merz refused to consider any minority government that included AfD, not a single source believes the government there anymore. Four candidates and two reserves from what the […]
September 3, 2025 | Which Housing Domino Will Fall First?
At least three big groups of homeowners have the potential to crash the US housing market. And with home prices at unaffordable levels and mortgage rates above 6%, it’s now a question of when, not if, this market tanks. But it’s still fun to speculate about which domino will be first to fall? Here […]
September 3, 2025 | Bipartisan Congress Members Hold Briefing on Bill to Stop Stock Trading in Legislature
It is wild and indefensible that insider trading by politicians remains rampant. Conflicts of interest queer policy and undermine faith and trust in institutions. And yet, will efforts to ban it ever get passed? Reasonable people hope. Here is a direct video link.