January 20, 2026 | Grantham Sees an AI Bubble — and a Familiar Ending

For more than four decades, Jeremy Grantham has been one of the most contrarian voices in global investing. The co-founder of Boston-based asset manager GMO, he built his reputation warning about bubbles before they burst, from Japanese equities in the late 1980s to US tech stocks in 2000 and housing in the run-up to the […]

January 20, 2026 | Trump Invites Russia to Join Board of Peace

  The Board of Peace was established in November 2025 to champion the Gaza-Israel ceasefire. Donald Trump will act as the first chairman and has begun inviting nations to join, including Russia. The headlines are reacting as if this is some radical, unprecedented concept. I have said repeatedly that the real objective for decades has […]

January 19, 2026 | Gold Miner Q4 Earnings: Worth Waiting For A generational bull market

We still have a while to wait for the gold/silver miners’ Q4 and full-year 2025 earnings. Newmont, one of the early reporters, is scheduled to release its results on February 19. But after that, the deluge. And a fun deluge it’s going to be. Sticking with Newmont, here’s a chart of its past year’s earnings versus […]

January 19, 2026 | Plan B

Happy Monday Morning! Asking rents in Canada fell again in December, falling for the 15th consecutive month according to Rentals.ca. Furthermore, December marked the slowest month for rental demand in two years, capping off five straight months of declining prospect counts. Source: Rentals.ca For those that have been following this newsletter, falling rents will come […]

January 19, 2026 | The History of Money

Extremely interesting historical perspective in this discussion; worth a listen. David McWilliams (The History of Money: A Story of Humanity) is a journalist, writer, and economist. David joins the Armchair Expert to discuss having an unusually calm Irish family upbringing, being practically prescribed to study economics, and the impact that his father being screwed by […]

January 19, 2026 | Britain’s Foreign Secretary Insists Putin Rebukes Peace

    Peace was never an option. The Russia-Ukraine war was plotted out over a decade ago by people unassociated with either nation. The Plot to Seize Russia explains everything in detail. Yeltsin handed Putin the reins to protect Russia from the oligarchs. The West installed Zelensky to quietly control Ukraine and position it for […]

January 18, 2026 | The Bipolar Economy, Part 2

Today we continue my 2026 economic and market forecast. Last week I described our current environment as The Bipolar Economy, featuring wild and frequent mood swings. We could also add psychosis to the symptom list. For example, why have silver prices (roughly) doubled in the last three months? What changed to make it suddenly more valuable? […]

January 18, 2026 | Don’t Worry, Be Happy: The Bots Are Coming

Readers can be forgiven for wondering how long the ‘topping process’ I’ve alluded to over the last several months will drag on. As you will have long since concluded, no one can answer that question with confidence. For all that we supposed experts know, the bull market that began in 2009 could still be chugging […]

January 17, 2026 | Trading Desk Notes for January 17, 2026

The Art Of The Deal I started this year with a “gut feeling” that events in 2026 would “rock our world.” When Trump snatched Madero, I wrote, “Here we go.”   This morning, Trump cranked up the “We have to have Greenland” pressure by declaring that Germany, France, the UK, the Netherlands, Denmark, Sweden and […]

January 17, 2026 | Art of the Collapse, January 2026

  The world remains a pretty dark place. But at least there are a few, um, silver linings: Silver Ape King@SilverApeKing #SILVER 5:40 PM · Jan 12, 2026 · 80.9K Views 97 Replies · 232 Reposts · 2.15K Likes Meanwhile, in geopolitics… Is it all a distraction? At least our kids have good daycare…   S

January 17, 2026 | Danielle on CBC Weekend Business Panel

January 17, 2026 | Dr Refuses to Say Biological Men Cannot Get Pregnant

What is really stunning in this conversation is how the WOKE LEFT are willing to go in order to pretend that they are never wrong. This doctor refuses to simply admit that “biological men cannot get pregnant.” The conversation had nothing to do with transgender. This is indeed a simple yes/no question can “BIOLOGICAL MEN” […]

January 17, 2026 | Tech Talk for Saturday January 17th 2026

The Bottom Line Earnings focuses this week are on fourth quarter reports released by Netflix and MMM on Tuesday, Johnson & Johnson on Wednesday and Visa on Thursday. Economic focus is on the November Core PCE Index released on Thursday. Earnings and Revenues Consensus for S&P 500 companies Source: www.factset.com Analyst earnings and revenue estimates […]

January 16, 2026 | A Fight The Fed has Never Seen Before

Sunday night delivered an extraordinary development: the U.S. Federal Reserve was served grand jury subpoenas suggesting potential criminal charges against Chair Jerome Powell. The allegation is that Powell misled Congress last year regarding the refurbishment of Federal Reserve buildings. The reaction across the policy and financial community was swift. Former Fed governors, central bank leaders […]

January 16, 2026 | Iranian Officials Funnel Money to Dubai Via Crypto

Nothing causes capital to flee offshore faster than an incoming war. US Treasury Secretary Scott Bessent warned that Iranian officials are rapidly moving capital out of Iran ahead of US intervention. “As Treasury who carries out the sanctions we can see is we are now seeing the rats fleeing the ship because we can see […]

January 16, 2026 | The House is Raking It In

Trading-driven investment bank profits are thriving even as consumer sentiment and labour markets remain weak. See Capital markets, wealth drive earnings for Canada’s big banks: Canada’s big banks exceeded expectations for the 2025 fiscal year as capital markets and wealth management carried results. But economic uncertainty loomed over results. Adverse trade policy and a cooling labor […]

January 15, 2026 | How China Is Controlling the Silver Market

To most investors,  silver might seem like just a shiny metal for jewelry or coins. But in early 2026, something unusual is happening: the price of physical silver (the real metal you can hold) is moving higher than paper silver prices on big exchanges like COMEX in New York. This could create opportunities for investors. Here’s what’s going on, […]

January 15, 2026 | NYC Advisor Seeks to End All Homeownership

    Socialist NYC Mayor Zohan Mamdani appointed Cea Weaver to lead the city’s Office to Protect Tenants. Weaver believes that homeownership is inherently racist and must be reformed into “a world in which the housing is owned by a collective.” According to Weaver, the US can simply continually print money to support government spending. […]

January 14, 2026 | Australia Bans Free Speech

Australians could face up to 15 years imprisonment for comments deemed offensive by the government. The Combatting Antisemitism, Hate and Extremism Bill introduced this month establishes federal offenses for “publicly promoting or inciting hatred.” Speech, writing, or “other forms of public gestures” will be monitored and controlled. Prime Minister Anthony Albanese said the prop “I […]

January 14, 2026 | Frozen Real Estate Markets Weigh on Sellers and Investors

The Greater Toronto Area’s (GTA’s) 62,400 residential real estate transactions during 2025 were the lowest since 2000 and 51% less than in 2021. In the Greater Vancouver Area (GVA), the 23,800 residential transactions were the fewest since at least 2005. See, Home Sales in Canada drop to historic lows in 2025. Sales fathomed multi-decade lows, even […]

January 14, 2026 | Fake It Until You Make It

“My first rule: I don’t believe anything the government tells me.” — George Carlin The government reported CPI of “only” 2.7% yesterday and the financial pundits and Trump toadies celebrated the “lowest inflation in 5 years”. This is after last week’s “surprisingly good” unemployment report where the country added 50,000 jobs and the unemployment rate fell […]

January 13, 2026 | How Technology is Changing Resource Utilization

Grid-scale batteries have, until recently, been predominantly used only to stabilize the frequency of electricity supply. But as prices have dropped dramatically in recent years and new chemistries like sodium-ion have come into the mainstream, batteries have started to replace coal power stations and even gas peaker plants. So, is the final death knell now […]

January 13, 2026 | $1 Trillion Flees California’s Billionaire Tax

The proposed billionaire tax has caussed $1 trillion in potential tax revenue to flee California. The billionaire tax would require California residents worth over $1 billion to pay a one-time 5% fee on all assets, including unrealized gains. Google co-founder Larry Page fled the state and took his $276 billion net worth with him. Page […]

January 12, 2026 | Rob Smallbone: This Commodities Boom Goes Way Beyond Gold and Silver

Contrarian Capitalist’s Rob Smallbone just posted a deep dive into commodities and the developing shortages that make the sector a once-in-a-generation opportunity. Here’s an excerpt: The Commodity Shortage Nobody Is Priced For Why structural supply constraints are forming across silver, copper, and the materials that underpin the global economy Beneath the surface, a growing number of strategically important […]