Juggling Dynamite - The Bank for International Settlements (BIS), the central bank of central banks globally, warns in its December 2025 Quarterly Review that a rare, simultaneous bubble in the price of stocks and gold has increased financial risks and the prospect of a significant correction and negative or subdued future returns: A widely used statistical test to detect the […]

Juggling Dynamite - About 36% (14.8m) of Canada’s (41m) population lives in three metro areas (StatsCan data): Toronto, Vancouver and Montreal. Unfortunately, these three cities have the dubious distinction of experiencing the most significant home price inflation in North America over the past two decades, far ahead of other major American cities (shown below, courtesy of Visual Capitalist), […]

Juggling Dynamite - We have driven electric cars for 8 years now, and our real-life experience confirms that EVs are safer, cleaner and much cheaper to operate than conventional ICE autos. Yes, even in cold climates. Last year, we added solar and can now self-power our cars and 75% of our annual electricity needs. Like growing food and […]

Juggling Dynamite - Some unexpectedly strong employment estimates from Statistics Canada last Friday caused markets to reprice abruptly, with the expectation that the Bank of Canada is done easing and will hold its policy rate steady at 2.25% through 2026. The unexpected employment gains for November were driven entirely by survey results reporting part-time jobs (below in yellow […]

Juggling Dynamite - From 1975 through the early 2000s, Canadian median home prices rose broadly in line with median inflation–adjusted household income. Where home prices outpaced income gains in the late 1970s and 1980s, the disconnect was short-lived, before prices corrected more than 30%. From 2000 to 2022, Canadian home prices (shown in red below through Q2 2021) increased by 375%—46% of that from 2020-22—while the average Canadian […]

Juggling Dynamite - Peter Berezin, chief global investment strategist and director of research at BCA Research, joins BNN Bloomberg to provide an outlook for the markets. Here is a direct video link. 

Juggling Dynamite - At some point in every cycle, bullshit stops baffling brains, and blind faith is beaten into submission. Revelation is making some progress in a few areas; see “Investors See Big Losses From President’s Brand.” To wit: Shares of Trump Media & Technology Group, which operates the president’s Truth Social platform, have tumbled 75% since Trump’s inauguration. […]

Juggling Dynamite - Canada’s economy (GDP) grew at an annualized rate of 2.6% in the third quarter of 2025  after a 1.8% contraction in the second quarter (shown below, courtesy of The Globe and Mail).Consensus expectations were for a much smaller.50% Q3 increase and the upside surprise helped Canada officially avoid two consecutive quarters of GDP decline (a […]

Juggling Dynamite - Happy American Thanksgiving to our US readers. The segment below offers a worthwhile macro update. David Rosenberg, founder at Rosenberg Research, discusses the market outlook while awaiting the latest Fed decision. Here is a direct video link.

Juggling Dynamite - Heat Pumps are the future of home heating. But until recently most companies have grossly over sized the Heat Pump systems they install for fear of leaving the client with a cold home. In the age of super-efficiency that level of shoddy service is completely unacceptable. That’s all changed now though with the launch of […]

Juggling Dynamite - As investors pour billions into artificial intelligence, warnings of a looming AI bubble are intensifying. Andrew Chang explains what’s fuelling those fears and breaks down key factors that could contribute to a burst bubble. Here is a direct video link. 

Juggling Dynamite - November marks the third anniversary of ChatGPT, OpenAI’s AI language model. Since the fall of 2022, competitor models have been released, including Claude (Anthropic), Gemini (Google), Copilot (Microsoft), Llama-based systems (Meta ecosystem), Mistral (Europe) and others. OpenAI and its partners have been pumping hundreds of billions of dollars into new data centers in the United […]

Juggling Dynamite - Levered financial bets take people down faster than emails with Epstein. And yet, there are nearly no limits on what our current system allows. Rogues and thieves being able to buy government policies in favour of predators and rampant gambling is a big part of the problem. Everyone is at greater risk when there are […]

Juggling Dynamite - I recently wrote Private Credit Winter about the daisy chain of creative accounting and subterfuge in the private credit and private equity (PE) space, and how the tentacles spread through highly leveraged public markets and retirement accounts. The segments below elaborate further. This is what happens when we let salespeople set risk management rules. Apollo Global Management […]

Juggling Dynamite - Boots (tires) on the ground… The freight industry has long been thought of the circulatory system of the economy. It’s how the things bought & sold through commerce get from point A to point B in the real world. Historically, when trucking freight loads diminish, it’s usually correlated with a weakening economy. And if it […]

Juggling Dynamite - Four decades of policies that boosted spending and steadily reduced tax rates by papering over deficits with asset bubbles are moving toward inevitable restructuring. Investment horizons and risk tolerance steadily shrink with age. But thanks to another spate of irrational exuberance, Boomers, now aged 61 to 79, face capital risk that has rarely been higher, […]

Juggling Dynamite - Solving plastic pollution is near the top of today’s to-do list. Have We Finally Solved The Plastic Problem? What if every piece of plastic waste, like bottles, bags, even clothes, could be rebuilt from scratch, no sorting required? Not just melted and reshaped, but broken down to pure chemical building blocks and made new again. That’s […]

Juggling Dynamite - US consumer sentiment tumbled in November to near the lowest level on record, as the government shutdown weighed on the economic outlook and financial strains soured views on personal finances. See, US Consumer Sentiment Declines to Near-Lowest on Record: The preliminary November sentiment index dropped 3.3 points to 50.3, just above a June 2022 reading of […]

Juggling Dynamite - 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 […]

Juggling Dynamite - 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 […]

Juggling Dynamite - Here is a direct video link.

Juggling Dynamite - 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 […]

Juggling Dynamite - 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 […]

Juggling Dynamite - 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 […]

Juggling Dynamite - The US central bank cut its policy rate on Wednesday, and US mortgage rates rose. Layoffs are surging, and loan delinquencies are driving a repo boom not seen since the 2009 recession. See, We Spent the Night Shift With the Repo Man, Who Is Busier Than Ever: An estimated 1.73 million vehicles were repossessed last year, the […]