ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
May 26, 2025 | MAID for Children and Teens – Canada Expands Eugenics Program
Canada has expanded its Medical Assistance in Dying (MAID) program to include children and teenagers. A Special Joint Committee on Medical Assistance in Dying submitted a report to the House of Commons in February 2023 that recommended the government begin extending MAID services to “mature minors” WITHOUT parental authorization. Carney’s government is allegedly considering […]
May 26, 2025 | Believe It or Not, Gold is Still Out of Favor
After the past year’s epic run, you’d think gold would have displaced at least some other assets in mainstream investors’ portfolios. But apparently not. These two charts have been making the rounds on X, showing that during the previous decade’s gold bull market, gold-related ETFs saw their share of “implied allocations” rise dramatically. But that […]
May 26, 2025 | A Firehose of Supply
Happy Monday Morning! Last week we learned Canada’s new housing minister didn’t feel it was appropriate for home prices to fall. Instead, suggesting “We’ve got to create some incentives and opportunities for people to get into the market, we got to make sure that peoples assets are obviously protected, and that’s the market housing. But […]
May 25, 2025 | Inflation Standoff
The Strategic Investment Conference is over. I’m now in my annual recovery period, during which I try to absorb the informational firehose I (with thousands of others) just experienced. I often find SIC’s key insights come from unexpected directions. I spend months organizing the agenda in what I think is a comprehensible way. But once […]
May 25, 2025 | Why the ‘Wealth Effect’ Is a Giant Crock of Shit
Of all the nutty ideas in investors’ heads these days, none is crazier or more pernicious than the mass delusion that grotesquely inflated asset prices have made tens of millions of us rich. As equity shares and residential real estate prices have risen higher and higher due to Fed stimulus with money conjured from nowhere, […]
May 25, 2025 | Armstrong Interview in Alberta About Separation
May 25, 2025 | How Alberta Can Actually Separate from Canada
This is perhaps one of the most fascinating reports I have ever written. This was inspired by my invitation to speak in Alberta concerning their movement to separate from Canada. A few propose being the 51st State, but the more practical move would be to become a sovereign state on their own, which […]
May 24, 2025 | Trading Desk Notes for May 24, 2025
Are bond markets about to “seriously object” to soaring government deficits? The 30-year US Treasury bond yield hit an 18-year high of 5.15% on Thursday. Bond market stress increases as yields rise, especially if they rise quickly. The US 10-year Treasury yield hit a historic high of ~15% in 1981, fell to a historic low of […]
May 24, 2025 | Tech Talk for Saturday May 24th 2025
The Bottom Line U.S. equity markets are following their traditional seasonal pattern in a U.S. Post-Presidential Election year: a strong move in April/mid-May followed by a brief corrective phase until the beginning of July.
May 23, 2025 | Media Dismisses South Africa’s White Farmer Genocide
President Donald Trump shocked the world once again by presenting South Africa’s president with evidence of the long-denied white farmer genocide. During his first term, Trump first alerted the world to the situation in South Africa, but was largely ignored. The South African government called his claims “misinformation,” yet the government has been considering a […]
May 23, 2025 | Canadian Residential Real Estate Slump Deepens
House prices in the Greater Toronto Area (GTA) have been falling since 2022, and it is estimated that houses have lost more than 20 percent of their value compared to three years ago. Will the housing slump deepen? Vertias Research recently published charts that show the shaky status of residential real estate markets in Canada […]
May 23, 2025 | Vacation Plans Shrink with Consumer Confidence
According to the University of Michigan’s preliminary May survey, the U.S. Consumer Sentiment Index fell to 50.8, down from 52.2 in April. This marked the second-lowest reading in the survey’s nearly 75-year history, surpassed only by June 2022. The decline is attributed to heightened concerns over inflation and the economic impact of President Trump’s trade policies. Notably, 75% […]
May 23, 2025 | Is Global Warming Just Another Establishment Scam?
“Global warming” has been a thing ever since “global cooling” went out of style in the 1980s. But two recent developments make it worth a closer look. Most other Establishment narratives, from vaccines to Ukraine to Biden’s health to Trump/Russia collusion, have failed catastrophically over the past decade. Some very dangerous-sounding geo-engineering schemes are being […]
May 22, 2025 | Yes, You Can Lose Money in Real Estate
In the ‘easy-money’ ultra-low rate era, there was a lot of demand from secondary property owners for recreation or renting to others. Most were over the age of 50. An increasing number will look to sell to lower overhead/upkeep and free up cash flow in retirement. The good news is that this will continue to […]
May 22, 2025 | BYD Outpaces Tesla in Europe for the First Time
China’s BYD beat out Tesla for the first time this April to become the top EV vehicle brand sold in Europe. BYD only outpaced Tesla by 100 vehicles, but the 7,231 cars that made their way to Europe show that tariffs are not deterring European consumer demand. Sales for BYD’s battery-powered vehicles soared 170% […]
May 22, 2025 | Inflation and the Lies Realtors Have to Tell
Collapse Life just posted an article on house hunting that anyone who’s in that market will relate to. Basically, this is what inflation does to our idea of an acceptable home — and to our understanding of basic terms like “luxury,” “cozy,” and “affordable.” The end of truth comes with luxury vinyl plank flooring What real […]
May 21, 2025 | Bessent Disagrees on US Credit Downgrade
US Treasury Secretary Scott Bessent rebuked Moody’s lowered rating of US credit from AAA to AA1. “First of all, I think that Moody’s is a lagging indicator, and I think that’s what everyone thinks of credit agencies,” Bessent said. “Larry Summers and I don’t agree on everything, but he’s said that when they downgraded the […]
May 21, 2025 | Retail Gone Wild (Encore)
The S&P 500 risk premium—forward earnings yield minus the 10-year Treasury yield—is once again about zero (below since 2000, via The Daily Shot). Such dismal equity risk-reward prospects have only been seen once in the last quarter century and that was coming out of the 2000 bubble top. The large cap S&P 500 went on […]
May 21, 2025 | Crude Oil Rises On Concerns Israel May Attack Iran’s Nuclear Facilities. Does The US Hold Them Back?
US stocks are weaker today as US yields rise and contain stock prices. The 10-Year US Treasury yield is now at 4.54% (high for 2025 4.57%). The 30-year US Treasury is at 5.02% (high for 2025 5.04%). If these rates are exceeded and foreign buyers of the large funding needed to cover the rising US […]
May 21, 2025 | $10 Trillion in Capital Flows to US?
President Donald Trump completed a successful tour of the Middle East that resulted in foreign investments surmounting to over $3.2 trillion. President Trump believes that $10 trillion in capital will flow to US, a staggering amount of money, equal to over half of the DIJA’s entire market cap. The $10 trillion figure remains aspirational […]
May 20, 2025 | Recession Watch: Unsustainable Interest Rates And falling Credit Scores
This week, Moody’s, the last bond rating agency that still gave the US a perfect score, joined its peers by cutting Treasury bonds from Aaa to Aa1. To which you might respond, “Duh. How can a country with a debt-to-GDP of 124% be an investment-grade credit at all, let alone AAA? You’d be right, of course. […]
May 20, 2025 | Summer of Discontent
In April, Canada’s unemployment rate rose to 6.9%, the highest since September 2021 and 210 basis points above the July 2022 cycle low of 4.8% (shown below since 1950). Beata Caranci, chief economist at TD Bank, expects a recession in the coming quarters and another 100,000 job losses by the fall. See, Canada’s economy […]
May 20, 2025 | Nordic Countries Lead Cashless Revolution
Nordic nations have been leading the cashless society revolution. Masked as a manner of efficiency, digital transactions are not demanded by governments globally as they seek to rake in all money off the grid for taxation purposes. Sweden is nearly a cashless society, with less than 2% of transactions occurring in physical currency as […]
May 19, 2025 | Saving Housing
Happy Monday Morning! Canada has a new housing minister. Gregor Robertson, former mayor of Vancouver, has been anointed by Prime Minister Carney with the hopeless task of fixing Canada’s housing crisis. It’s already off to a rough start. When asked by a reporter if home prices need to go down, he had a freudian slip. […]
May 19, 2025 | Creeping Fascism: Global Healthcare Takeover
After the mess the public health establishment made of the COVID-19 outbreak, it seems like the last thing anyone should want is to grant those idiots more power for the next pandemic. But that’s what the “supranational” health organizations are trying for. Here’s an excerpt from an article by health analyst Meryl Nass on the shocking deals now being pursued out […]