ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 11, 2025 | Tariffs Miss The Mark on U.S. Copper
Copper prices surged this week after Donald Trump announced a 50% import tariff starting August 1, aiming to boost U.S. self-sufficiency. But for copper, the move is more optics than impact — it won’t kick-start domestic output anytime soon, and manufacturers (and consumers) will foot the bill. Global supply remains constrained despite copper’s crucial role […]
July 11, 2025 | Boomers: Sell Now and Avoid the Rush?
Are you a baby boomer that needs the equity in your home to fund your retirement? If so, you might want to take action sooner rather than later because most boomers no longer have the choice of playing the long game when it comes to recovering from home equity losses. I say that because we […]
July 11, 2025 | Art of the Collapse, Epstein Edition
Let’s just put it out there: Team Trump has decided to hold onto the Epstein files and use them to blackmail swamp creatures. This makes strategic sense, but leaves the administration looking us in the eye and lying, apparently in the hope that something else will come along to distract us shortly (maybe another pandemic?) But […]
July 11, 2025 | Paid To Look The Other Way
Timeless perspective is offered in this segment…the more things stay the same. In this episode of The Real Eisman Playbook, Pulitzer Prize-winning journalist Gretchen Morgenson discusses her career in investigative journalism, focusing on the dark side of Wall Street, the AIG scandal, and the financial crisis. She highlights the role of private equity in modern […]
July 11, 2025 | June Minutes Report Decoded
The Minutes Report by the Federal Reserve indicates that the central bank is unlikely to cut rates at the next Federal Open Market Committee meeting on July 29-30. FOMC members unanimously maintained the borrowing range between 4.25%-4.5% where it has stood since December 2024. The central bank knows that it has limited power to […]
July 10, 2025 | Market Pulse – July 10/25
Stocks were up slightly on Thursday, with the S&P 500 up 17.20 (0.27%) Heatmap of S&P 500 The S&P 500 is currently approaching a critical zone where two major resistance levels (red lines) are converging. This area could act as a strong ceiling for further gains. On the downside, initial support lies along the lower […]
July 10, 2025 | A Closer Look At Germany’s Death Spiral
Subscriber Bill G responded to yesterday’s post on Germany’s financial/cultural death spiral by asking: “And when did debt to GDP cease to be a good measure of economic health? https://countryeconomy.com/countries/compare/germany/usa?sc=XE02” His point is that if Germany’s government debt is only 65% of GDP, that country is — by definition— in way better shape than the US […]
July 10, 2025 | Bulgaria Adopts the Euro and Abandons Economic Sovereignty
Bulgaria’s adoption of the euro is a major step toward abandoning its remaining sovereignty. The European Union is akin to a drowning person clinging to anything nearby in an attempt to stay afloat. Bulgaria will become the 21st nation to adopt the euro beginning in January 2026. Protests against the adoption have been ongoing […]
July 9, 2025 | Macro Updates for Dog Days of Summer 2025
Economist Lacy Hunt offers a sobering look at the long-term economic forces shaping the U.S. outlook—and why inflation might already be in retreat, even as the Federal Reserve stays cautious. He argues that we’re in the midst of a disinflationary trend driven by excessive debt, declining velocity of money, and the structural weakening of global […]
July 9, 2025 | Crude Prices Vulnerable Due To Weak Demand And Growing Global Stocks (Especially In The US).
Summary: President Trump got to sign his ‘BIG, BEAUTIFUL BILL” on Independence Day – July 4th with many positives in the bill. There are still areas of cuts for poor and lower middle income households that will give the Democrats lots of ammunition during the mid-term elections in November 2026. Republicans in swing districts will […]
July 9, 2025 | Europe’s Death Spiral: Now Germany Is the Problem
The flaws in Europe’s financial system — and the eurozone dissolution that will inevitably result — have been obvious for a while. Here’s a list of posts on this topic from the past few years: Can The Euro Be Saved? (4/23/23) Easy Money Makes You Stupid, Europe Edition (6/19/23) Europe is Falling, and France Is Leading the […]
July 9, 2025 | Inflationary Pressures Began After 2015 – Tariffs are a Distraction
The Federal Reserve’s Survey of Consumer Expectations foresees inflation returning to “pre-tariff” levels. As I have mentioned, the rising costs were a mere price correction and not a permanent rise in inflation. Tariffs were NEVER the root cause of inflation. The central bank predicts that inflation will read 3% in 13 months, which would be […]
July 8, 2025 | When Governments Forget Who They Serve
Civilizations rarely collapse in a single moment -they erode gradually, often in full view. One of the most telling signs? People leaving. Not for better weather, but for better opportunity, greater freedom, and fiscal sanity. Time and again, excessive taxation, bloated bureaucracy, and anti-productivity policies have pushed citizens to vote with their feet. When governments […]
July 8, 2025 | People Flee Taxation
I have written about how Rome fell, and just by mapping the population of Rome, you can see the fate of many current nations and states operating under poor fiscal policies – people sell and just leave. It is different this time because, under socialism, the government has become abusive. When it came to […]
July 8, 2025 | Mindless Flows are Not Loss Protection
Vanguard founder and ETF pioneer, Jack Bogle, warned that if index funds came to own half of the U.S. stock market, it could lead to significant issues, like too much influence concentrated in just a few institutional owners, which he believed would be “a problem” for corporate governance and overall market function. According to the […]
July 8, 2025 | Why Public Funds Should Be Deposited in Publicly-Owned Banks
From JustMoney.org A thriving economy requires that credit flow freely for productive use. But today, a handful of giant banks diverts that flow into an exponentially-growing self-feeding pool of digital profits for themselves. Rather than allowing the free exchange of labor and materials for production, our system of banking and credit has acted as a […]
July 7, 2025 | The Next Shoe to Drop
Happy Monday Morning! Where do we start. This newsletter has been covering several big themes this year. We have long argued that housing starts are in the process of falling off a cliff. Both cities and provinces would start to panic as tax revenues dry up. They’ll be forced to ease development fees and boost […]
July 7, 2025 | Financial Health is a Marathon
Toronto-area home sale prices dropped by 5.4% annually in June–the fifth consecutive year-over-year decline. While lethargy is glaring in condos, detached home sale prices fell the most, with a 6.5% year-over-year drop. The average Toronto June sale price of $1.01 million represented a 17% decline from the February 2022 peak of $1.21 million. Sales for […]
July 7, 2025 | Connectivity is Power
I have been stating all along that attempting to forecast gold in isolation is the equivalent of summoning a witch doctor for cancer. Everything in this world is connected. Civilization unfolds as a synergy of people coming together and the sum is greater than the individual parts. This, too, is what the government is […]
July 6, 2025 | Kerry Lutz: Did Martin Armstrong Predict the Great Decline?
Conversations with the Master Forecaster This book is unlike anything you’ve read before. It’s not another theory — it’s a documented track record of how Martin saw what no one else did: ✅ Sovereign debt implosions ✅ War cycles and geopolitical shifts ✅ The coming collapse of trust in governments ✅ The timeline to 2032 — […]
July 6, 2025 | At The Crossroads
Happy Fourth of July! I hope you’re enjoying a long holiday weekend. That’s what I am doing, so this letter will be a little different. But first, this is a very special Fourth of July. It is the beginning of a year-long celebration of the 250th anniversary of signing the Declaration of Independence. And truly, we […]
July 6, 2025 | T-Bond Bottom Could Herald the Start of Trump’s ‘Golden Era’
We’re all waiting anxiously to see whether Trump’s bold initiatives usher in a golden economic era. If this is going to happen, we should see the Dow Industrial lurch toward 100,000 at any time. Just a few short weeks ago, you could have counted me among the skeptics. It is a habit that has become […]
July 5, 2025 | Trading Desk Notes for July 5, 2025
The S&P, NAZ and TSE hit new record highs this week The S&P is up ~30% from the April lows (~7% YTD), the NAZ is up ~40% from the April lows (~8% YTD), and the Toronto Composite is up ~22% from the April lows (~9% YTD). Big Cap Tech has led the rally, with MSFT up ~45% from the […]
July 5, 2025 | Tech Talk for Saturday July 5th 2025
The Bottom Line Passage of “The One Beautiful Bill” by Congress late on Thursday and signed by President Trump on Friday is expected to set the stage for North American equity markets to move higher this week. The “Summer Rally” that frequently lasts until the end of July started last week. Consensus for Earnings and […]
July 4, 2025 | Clean Energy Reclaims Market Leadership
At the start of the year, the narrative was straightforward: fossil fuel producers stood to benefit from supportive domestic policy, while clean energy—out of favour politically and commercially—looked set to lag. Markets had priced in a resurgence in drilling, with investor consensus leaning heavily toward traditional hydrocarbons. That view hasn’t aged well. Six months on, […]