August 16, 2025 | This Week in Money

• Victor Adair: Stock Markets, Oil, Gold, USD, Canadian Dollar, Euro, Commodities.
• Rick Ackerman: (22:13) Trump’s Tariffs, AI, Gold, Stock Markets.
• Robert Campbell:  (1:02:02) US Real Estate, California, Gold, Interest Rates, Health Tips.

August 16, 2025 | Tech Talk for Saturday August 16th 2025

The Bottom Line Technical parameters for North American equity markets were mixed last week. The Dow Jones Industrial Average, S&P 500 Index, NASDAQ Composite Index and TSX Composite Index managed to set all-time highs. On the other hand, the S&P 500 Equal Weight ETF (RSP) closed below its all-time high set on July 25th and […]

August 15, 2025 | Canada vs. Trump: Is Confrontation The Only Option?

Canada, under Prime Minister Mark Carney, is taking a beating from U.S. tariffs. But Carney refuses to cave to President Donald Trump’s demands—raising the question: Is confrontation with the U.S. Canada’s only choice? The trade war between Canada and the U.S. intensified on August 1, 2025, when Trump slapped a new 35% tariff on Canadian goods (energy products […]

August 15, 2025 | Climate Lockdowns in Canada

Entering the forest has become illegal in three Canadian provinces—Newfoundland, Nova Scotia, and New Brunswick. Entering woodlands can result in massive fines or even jail time. Why? The Canadian government believes it must ban the public from accessing nature to prevent forest fires.     Air Force veteran Jeff Evely committed a crime by participating […]

August 15, 2025 | Will China Soon Hold the World’s Reserve Currency?

Are the stock markets close to topping out?

August 14, 2025 | US Household Debt Rose by $185 Billion in Q2 2025

The Federal Reserve Bank of New York released a troubling quarterly statement as the total household debt in the US increased by $185 billion in the past three months, up 1% from last quarter, when total household debt reached $18.9 trillion. Total household debt in the US now sits at $18.39 trillion. Housing debt increased 1.1% from […]

August 14, 2025 | Real Estate Downturn Picking up Steam

If we had a dime for all the times people say silly things, like “You’ll never lose money in real estate” or “high-end properties always hold their value.” Not true, never has been. The current real estate correction cycle is well-earned after years of easy money speculation and uneconomically high prices. Three years into the […]

August 14, 2025 | What Might Destroy Bitcoin’s Value?

Cannabis stocks light up the market

August 13, 2025 | The Domestic Civil Disturbance Quick Reaction Force

  The computer warned that we would experience a rise in civil unrest in 2025, with conditions only worsening in the years to come. Trump actively militarized the capital and has plans to dismantle ongoing civil unrest with a newly established Domestic Civil Disturbance Quick Reaction Force. The Domestic Civil Disturbance Quick Reaction Force, as […]

August 13, 2025 | Health Prepping: So Now Cheese Is Poison?

When Big Pharma and Big Food collaborate, the result is frequently creepy. The following X post claims that American cheese is made with genetically engineered black mold (!), among other things, and labels aren’t required to show it: Valerie Anne Smith @ValerieAnne1970 Because Of Pfizer, 90% Of US Cheese Is Made Using GMO Corn & Black Mold, CRISPR […]

August 13, 2025 | All’s Well That Ends Well

Margin debt (people borrowing against their security portfolios) has now topped $1 trillion for the first time in history, +25% over the past year alone. Other, lesser, margin-abuse peaks occurred before major bear markets/recessions (grey bars below) since 1995, courtesy of Rosenberg Research. Among professionals, dry powder is also in short supply. Trend-chasing portfolio manglers managers are all […]

August 12, 2025 | Militarizing the Capital

Trump’s decision to send the National Guard into Washington, D.C., will be defended as a matter of national security. History teaches us this is not about protecting the people at all. The National Guard was deployed to protect the political class from the people. The United States is now following the same path we have […]

August 11, 2025 | Vance Declares the US will NOT Fund Ukraine — Directly

In a drastic reversal of Biden-era policies, the Trump Administration has declared that it will no longer fund the Ukrainian war–directly. However, America is still keen on profiting from the war through the vast military-industrial complex, as Vice President J.D. Vance alluded to in a recent interview. The war will NOT be profitable for America […]

August 11, 2025 | Desperation Time

Happy Monday Morning! We’re back after a two week hiatus and a lot has transpired during that time. As we have been detailing for quite some time, the development industry is in survival mode. Pre-sales are in the dumps, developers are sitting on a record number of unsold units, and prices continue to leak lower. […]

August 11, 2025 | Housing Downturn is Bigger Economic Story Than Tariffs

As policymakers focus on tariffs, bursting real estate bubbles pose a significantly larger threat in terms of relative economic impact, and that’s now happening in several major economies simultaneously. Homes are the foundation of the household balance sheet and assets in the banking system. A 2025 Bank of Montreal report, “A Long Way Home”, concurs with our […]

August 10, 2025 | EU, NATO & Zelensky Plotting Against Trump

I am getting an increasing number of questions about how in the world our model forecasts war in advance and targets specific weeks like August 18th, 2025, a year in advance, and then Trump picks that Friday 15th for his peace conference with Putin in Alaska.  You NEVER make such a forecast using a single […]

August 10, 2025 | Soft Data Hardens

I remember when August was a slow month. School didn’t start until after Labor Day. Even in my adult days in the investment world, not much happened. People were either on vacation or coming back and getting ready for September. It’s hard to believe, but nobody really cared about Jackson Hole in the ’80s or […]

August 10, 2025 | AAPL Back Again as an Engine of Illusory Wealth

You’ve got to hand it to DaBoyz for reviving Apple as a ‘wealth’-effect dynamo. The company couldn’t innovate its way out of a wet paper bag, and it doesn’t even have a horse in the AI race. And yet, the stock recently lurched back to life, emulating those two bull-market superstars, Microsoft and Nvidia. Indeed, […]

August 10, 2025 | Portrait of a Crack-Up Boom, in Four Charts

The Austrian school of economics (the only good school of economics) has a concept called the “crack-up boom” that perfectly explains today’s world. Here’s an AI-generated summary: A crack-up boom is an economic crisis characterized by the collapse of a monetary system due to sustained, expansionary monetary policy leading to hyperinflation and a complete loss […]

August 9, 2025 | Trading Desk Notes for August 9, 2025

Creative destruction: move fast and break things This week was short on scheduled market-moving economic data (setting aside the poorly bid bond auctions), but Trump (God bless’em) kept things lively.   Trump imposed a 39% tariff on Switzerland and a 50% rate on India (if they don’t stop buying Russian crude oil). Additionally, he imposed a 100% […]

August 9, 2025 | Trump Meets Putin for the Panic Cycle

  COMMENT: Mr. Armstrong, we understand your frustration, and that reveals that you are genuine, not fake. I think you need to be commended for appearing on Russia Today, explaining that Trump is not a neocon, and your dinner with him shows you his character. Explaining that on RT coming from you, who your own […]

August 9, 2025 | This Week in Money

• Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar.
• Eric Hadik: (9:50) Stock Market Cycles, USD, Canadian Dollar, Bitcoin, Precious Metals.
• Hilliard MacBeth:  (34:19) Canadian Real Estate, Money Laundering, Gold, Stock Markets, Outlook for Electric Vehicles.

August 9, 2025 | Tech Talk for Saturday August 9th 2025

The Bottom Line Despite gains recorded by U.S. equity indices last week, technical evidence of an intermediate peak set in late July continues to accumulate. North American equity markets have entered their traditional corrective period in August and September during post-U.S. President Election years following an advance from April to July. Strength this year from […]

August 8, 2025 | Stablecoins: Washington’s Secret Weapon Against the Debt Spiral

The US Treasury plans to borrow over $1 trillion in Q3 2025, raising federal debt over $28 trillion. With foreign buyers pulling back from US Treasuries, the recent GENIUS and CLARITY Acts may signal a creative solution: using stablecoins to help fund America’s debt. What are Stablecoins? Stablecoins are a type of cryptocurrency designed to […]