October 15, 2025 | The Compound Cost of Policy Errors Around Immigration and Housing

A couple of must-read articles from the Globe this week examine Canada’s policy errors around immigration and housing–two tangential, interconnected themes with far-reaching impacts for our economy, present and future. See, How Canada got immigration right for so long–and then got it very, very wrong: Canada conducted a decade-long experiment. The experiment’s principal investigator was the […]

October 14, 2025 | Real Estate Bust Has Legs

The Canadian housing bubble has been deflating since February 2022, and there’s room for it to run. We highlighted the mania and frenzy of financially destructive behaviours in real time, noting that once bubbles pop, property prices typically take years to recover. BMO Senior Economist Robert Kavcic apparently agrees. In a recent note highlighted on Better […]

October 14, 2025 | China Accuses Taiwan of Psychological Warfare

Taiwanese intelligence launched a psychological warfare attack to spread separatist activities, according to the Chinese Communist Party who has placed a cash bounty on the heads of 18 Taiwanese military officials. Taiwan’s Defence Ministry called the accusations “despotic and pig-headed thinking.” Chinese authorities believe Taiwan’s “psychological warfare unit” deliberately created online games depicting Taiwan fighting […]

October 13, 2025 | Is the AI Stock Bubble Partially Fake?

There’s a business practice sometimes called “vendor financing” in which a company lends money to a customer, who then uses that money to buy the company’s products. The company reports the proceeds as sales and income, usually without a full accounting to its shareholders. This financing scheme can work — as long as the customer […]

October 13, 2025 | A Monetary Reset is Coming, and Canada isn’t Prepared | Maxime Bernier

Maxime Bernier has had a long-standing interest in business and worked for several financial and banking institutions. He become Executive Vice-President of the Montreal Economic Institute in 2005. Many people in the region encouraged him to enter politics. He took up the challenge and was elected a Member of Parliament on January 23, 2006. He […]

October 13, 2025 | Open Borders Protect Migrants from Climate Change

    Sorry to the Brits, but your country has been overrun by migrants due to climate change, according to your prime minister. The globalist rhetoric is overlapping to the point of insanity. At a recent UN General Assembly, Foreign Secretary Yvette Cooper said, ” At this moment of intense global instability and conflict, UK […]

October 12, 2025 | Is Silver Becoming “Unobtanium”?

Silver is back at its all-time nominal high, while tales of shortages and squeezes abound. Is this the moment long-suffering stackers have been waiting for? Let’s start with an AI-generated overview of the structural silver deficit: A significant global shortage of silver is currently underway, driven by persistent demand outpacing supply. This deficit is the […]

October 12, 2025 | Big Debt Cycles, Part 2

Today we continue reviewing Ray Dalio’s latest book, How Countries Go Broke. If, like me, you fear that you may soon live in such a country, Ray’s work reads like a guidebook to the future. But in fact, this future is just the latest iteration of a well-known debt cycle, one that is almost natural in […]

October 12, 2025 | Have Stocks Entered a 1929 Vortex?

Although in recent years October has not lived up to its reputation for scaring the pants off investors, we should take Friday’s punitive reversal seriously, since it could mark the start of a bear market that is arguably years overdue. Although we have grown accustomed to ‘freaky’ Fridays producing headline events now and then, there […]

October 12, 2025 | Is Bitcoin A Store of Value?

QUESTION: How can you say that Bitcoin is not a store of wealth? Nobody agrees with you. DF ANSWER: Bitcoin is no more a store of wealth than copper or anything else. I have said from the outset that it is a trading vehicle. It will rise and fall like everything else. A store of […]

October 12, 2025 | Making Money – But At What Price

  [Taken from “Health First” in Sept 2025 Timing Letter] Regardless to what happens to the price of real estate or gold, your highest priority should be your health. I like making money as much as the next guy – if not more.  But the first thing I think about when I get up in […]

October 11, 2025 | Trading Desk Notes for October 11, 2025

Leading global equity indices (and other risk assets) tumble on a sharp rise in US/China trade tensions China’s announcement of comprehensive restrictions on rare earth exports on Thursday had little impact on equity markets (but gold and silver tumbled). However, Trump’s aggressive social media response on Friday morning sparked a relentless day-long decline across equity markets. Trump […]

October 11, 2025 | This Week in Money

• Ross Clark: Stock Market Correction, Gold Top?, Oil, Uranium.
• Victor Adair:  (11:59) Stock Markets, Rare Earths, Trade Wars, Interest Rates, Oil.
• Hilliard MacBeth: (43:36)  Real Estate, Mortgage Rates, Economy, Chinese EVs.

October 10, 2025 | Canadian Pipelines: Good Bad Ugly and Nightmares

Pipelines: The Good, the Bad, and the Ugly Another pipeline fantasy rises from the political graveyard. Premier Danielle Smith is pitching a “ghost” pipeline to the West Coast — no sponsor, no permits, vague route, no funding. It’s Northern Gateway all over again. Canada’s pipeline history is a mix of ambition, divisive politics, and staggering […]

October 10, 2025 | Trump’s Deportation Efforts

President Donald Trump inherited a nation that was invaded. The invaders were incentivized to stay and permitted to coast under the radar. His administration was forced to throw down the gauntlet and forcibly remove the people who were invited to stay by the Democrats. New data indicate that ICE has removed approximately 600,000 migrants since […]

October 10, 2025 | Has Gold Topped Out?

Even Ferrari sees tough times ahead

October 9, 2025 | China Purchased $38B from the US in Semiconductor Chips

  Taiwan’s global dominance of semiconductor chip manufacturing has been at the forefront of the US-China technology war. The focus has been on Taiwan, leaving other avenues of Chinese influence ignored. China used loopholes in US law to purchase over $38 billion in chip-making technology in the last year alone, marking a 66% rise in […]

October 9, 2025 | Should We Be Concerned About Gold?

Is Bitcoin getting toppy?

October 9, 2025 | Will Gold Hold Value in a Stocks Collapse?

Can the stock market be manipulated out of danger?

October 9, 2025 | How Much Higher Can Gold Go?

Is Bitcoin about to fizzle out?

October 8, 2025 | Round and Round The AI Mulberry Bush

OpenAI currently has a market value of $500 billion, with annualized revenue reported at $10 billion per year. It is not expected to be profitable for another 4 or 5 years and is preparing to raise tens of billions of dollars in debt to fund infrastructure plans. Moody’s has recently flagged the extent to which […]

October 8, 2025 | Warmonger Think Tanks

The latest from the Neocon Fake News, ISW (Institute for the Study of War) started by Victoria Nuland’s sister-in-law, is always the same. Russia is weak; it is about to collapse, but at the same time, they are about to attack NATO, so we should invade now. The new line is “ISW specialists suggest Moscow is […]

October 7, 2025 | Recession Watch: How Is This Economy Still Growing?

The stock market is a pretty good barometer of economic health…except when it’s contradicted by employment. Currently, even profitable companies aren’t hiring: When job openings dry up, the unemployed stay that way for longer: Government hiring usually counteracts weakness in the private sector. But not this time: The longer someone is unemployed, the harder it […]

October 7, 2025 | How The AI Bubble Will Pop and Why We Should All Care

The AI infrastructure boom is the most important economic story dominating the news. However, the numbers don’t add up, and that realization is starting to spread. Read more in,  This is How the AI Bubble Will Pop: Tech companies are projected to spend about $400 billion this year on infrastructure to train and operate AI models. […]