July 31, 2025 | Consumers Under Pressure Across The Spectrum

As the US and Canadian central banks declined to offer monetary easing yesterday, consumer confidence measures are already below the levels recorded in the past nine recessions, including the periods surrounding 9/11, the 2008 financial crisis, and the 2020 pandemic. A raft of recent data shows households under increasing financial stress across all income levels. […]

July 31, 2025 | The GENIUS Act and the National Bank Acts of 1863-64: Taking a Cue from Lincoln

From ScheerPost.com This month Congress passed the GENIUS Act, an acronym for the “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025.” Designed to regulate stablecoins, a category of cryptocurrency designed to maintain a stable value, the Act is highly controversial. Critics variously argue that it anoints stablecoins as the equivalent of “programmable” central […]

July 31, 2025 | Why US GDP Rose 3% Q2 2025

Data from the Commerce Department shows that the US gross domestic product rose 3% in Q2 on a seasonally inflation-adjusted basis. The figure may have surpassed estimates by around 0.7%, but it does not indicate the beginning of a rising trend. First, the figure has already been adjusted for inflation to fit a narrative. The […]

July 31, 2025 | The Positive Impact of Tariffs on US Copper Shares

Gold pulling back as US Dollar rallies

July 30, 2025 | Are Stock Markets Setting Up for a Major Correction?

Digital Currencies, mandatory biometric ID’s creeping in.

July 30, 2025 | US Commercial Crude Stocks Rise 7.7 Mb In Recent EIA Data- Crude Prices Are Vulnerable

Summary: President Trump has announced a trade deal with the EU opening the country to US sales of vehicles, more agricultural goods, wine and mostly energy. Their tariff will be 15% and US goods entering the EU would see no tariff. Prior to the tariff war EU cars paid a 2.5% tariff to enter US […]

July 30, 2025 | EU and IMF Reconsider Funding Ukraine over Govt Corruption

  Ukraine was well-known as the most corrupt nation in Europe, if not the world. This is why Ukraine was not permitted to join the European Union, as the bloc determined that the country needed to implement harsh anti-corruption measures if it wanted to join. The EU decided to give that same corrupt government endless […]

July 30, 2025 | Ware Phase of This Fourth Turning Has Arrived

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward […]

July 29, 2025 | Financial Sobriety is a Rare Superpower Over Time

Speculative trading indicators measure froth in financial markets and indicate when speculators—rather than fundamental investors—are dominating market behavior. As shown below, since 1995, the rebound in speculative measures over the past three months has been one of the sharpest on record, and in rare company with now infamous bubble tops in 1999-2000 and 2021. The […]

July 29, 2025 | EVs Linked to Motion Sickness

  New studies reveal that electric vehicles are causing an increase in motion sickness that surpasses the nausea felt while driving in the rattling cars of the 1970s. Motion sickness occurs when our bodily senses conflict with the movement we are experiencing, and the smooth drive of an EV could actually cause drivers and passengers […]

July 28, 2025 | Hoisington Q2 2025 Review and Outlook

Hoisington Management’s 2025 Second Quarter Review and Outlook is available here. At his June 18 press conference, Federal Reserve Chairman Jerome Powell referred to tariffs as inflationary. Hoisington points out that this is only the first-round effect: Second, third, and later-round effects also come into play, causing the quantity demanded and price to decrease for the […]

July 27, 2025 | The Schema Frequency

QUESTION: Marty, they call you the legend since you have been calling markets and trends for decades. It is not hard to see that you are perhaps the greatest trader of all time. You are famous for not calling the 1987 Crash, but the very day of the low, you called the low and said […]

July 27, 2025 | Uncertainty Squared

Many people yearn for a simpler life. Ironically, that’s the one thing we’re almost guaranteed not to get. Technology keeps shifting the ground beneath us, mostly for the better, but also creates complications for businesses and individuals. The rules, especially from the government, seem to keep shifting, too. Everything around us just gets more and […]

July 27, 2025 | AI Profits Nowhere in Sight

Although the biggest players in the tech world have sunk trillions of dollars into AI research and development, none of them have made a dime. Will they ever? That’s a reasonable question, considering AI’s potential to change the world remains highly speculative. The investment frenzy continues to gain momentum nonetheless, recalling the South Sea Bubble of the […]

July 26, 2025 | Debt & War

Many have been writing in about the FT’s article on the UK surpassing China as the 2nd largest holder of US debt. While they understand I have laid out that ever since the Biden Administration that was in the hands of the Neocons began threatening China with war over Taiwan, and in the aftermath of […]

July 26, 2025 | Trading Desk Notes for July 26, 2025

Markets are not expecting RISK! The leading global equity indices are at or near all-time highs. The S&P is up ~33% from the April lows, the NAZ is up ~42%. (NVDA is up >100%.) (Open interest in the S&P futures market fell to an 18-year low this week. Perhaps because one S&P futures contract is now […]

July 26, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Oil, USD, Canadian Dollar.
• Martin Armstrong:  (9:10) Russia-Ukraine War, War Cycles, Bank Bail-ins, Gold,  Trump, Interest Rates.
• Victor Adair: (1:45:46) Stock Markets, Gold, Copper, Tariffs, Corporate Share Buy-Backs.
• Allan Mark Angell: ( 2:13:47) Vancouver Real Estate.

July 26, 2025 | Tech Talk for Saturday July 26th 2025

The Bottom Line Here comes equity market volatility! Lots of market moving news impacting North American equity markets this week including:  FOMC and Bank of Canada’s decisions on interest rates on Wednesday. No changes in U.S. and Canadian administered rates are expected, but traders will watch closely for potential timing for future rate reductions […]

July 25, 2025 | Lofty Valuations for Tesla are at Risk

Tesla: Lofty Valuation, Slipping Fundamentals Tesla still carries a sky-high valuation — more than 100 times its projected profits. That kind of multiple has only shown up a handful of times in history, and only for a few companies. So, do the fundamentals support this kind of price? Let’s take a look. Tesla hit a […]

July 25, 2025 | Trucker Convoy Lawyer Debanked

Banks have the ability to debank customers at a moment’s notice. Canada successfully weaponized its banks against the people during the Trucker Convoy, a peaceful protest demanding the right to bodily autonomy during the COVID-19 vaccine mandates. Lawyer Eva Chipiuk, who represented the Trucker (Freedom) Convoy, received notice from the Royal Bank of Canada (RBC) […]

July 25, 2025 | Have the Precious Metals Ended Their Push Higher?

Are the  Stock Markets near a “correcting” stage?

July 24, 2025 | Japan’s Bond Market Crisis Intensifies – Has BOJ Finally Lost Control?

Japan, with its highest in human history per capita government debt, has been an accident waiting to happen for a long time. But somehow, it has always managed to slip out of whatever trap the financial markets set for it. Until now? Japanese interest rates have been rising, increasing government interest costs and leading traders […]

July 24, 2025 | Klarman on Finding Value and Maintaining Discipline

A world focused on selling us investment products and ideas spends little time defining sell or aversion rules. If someone tells you what they own or would buy, ask them when they would sell it. Most haven’t thought that far; they ride price cycles up and down with no plan to protect capital from drawdowns. […]

July 24, 2025 | China Continues to Offload US Treasuries

  China has been offloading its US Treasury holdings for years. Once the top holder of US debt, China cut its US Treasury holdings for the third consecutive month this May. Total holdings have fallen to $756.3 billion from $757.2 billion in April, according to the US Treasury, marking the lowest debt held since May […]