February 10, 2026 | Risk Trade Poised To Follow Crypto’s Lead

Stocks, commodities, junk bonds, precious metals, and crypto assets all leapt together into late 2025; now, Bitcoin, the crypto leader, is down 44% since October, and the broader crypto market has vaporized trillions in notional value while billions flow out of crypto-based Exchange Traded Funds. US stocks trading at all-time bubble-high valuations (S&P 500 composite […]

February 9, 2026 | Spring Listings Start Early in 2026

The spring listing wave traditionally starts at the end of February, but supply is already off to a strong start in 2026. Canadian housing inventory rose in January, with listings higher across most regions, as prices declined (home price index for the 5 largest urban centers shown below for December and January). See Supply surge keeps […]

February 4, 2026 | Canada’s Economy is ‘On Life Support’

We should all work and hope for new trade relationships, new business lines and lots of innovation to bring seen and unforeseen solutions. But in the here and now, Canada is in a complacency-earned rough patch. Eyes wide open. Canada’s private-sector activity remained soft in January, with the S&P Global Canada Composite PMI coming in at 46.4, […]

February 3, 2026 | Home Prices are Round-Tripping

Home price deflation is underway in many high-population centers in Canada and America, see Housing Market Is Shifting Back Toward an Advantage for Buyers on the front page of yesterday’s Wall Street Journal: “The proliferation of discounts and incentives offers the latest evidence that the housing market is tilting back in the buyer’s favour.” The US housing […]

February 2, 2026 | Data Center Demand Doesn’t Add Up

Mind the hype, always… Utilities analysts are having a moment as the energy sector gets a boost from AI. With an extra 94 gigawatts forecast to be needed by 2030 to power all these data centers, energy investment has become a hot play as investors take a “picks and shovels” approach. But one long-time utilities […]

January 30, 2026 | Mindless Doesn’t End Well

The content of this discussion is clear-eyed and important. Each of us must decide how to allocate our savings given the circumstances we are living through. Mindless following can appear to be progress until suddenly the bill comes due. Has the rally in silver gone so far now that the metal’s price action is actually […]

January 29, 2026 | Frozen Housing Markets Hurting Jobs and Economic Activity

Housing mean reversion is hurting jobs and economic activity. A building industry association says 100-thousand jobs in construction and related sectors are at risk. As Alan Carter reports, the housing downturn could erase $20 billion for Ontario’s economy. Here is a direct video link.  Home markets are floundering in many US cities, too. The US National […]

January 28, 2026 | Humanity, AI and Financial Markets

Cue the nervous laughter when watching the segment below. Financial markets have already become so complex and algorithm-driven that even trained experts are struggling to comprehend the moving parts. The timeless adage that we should only invest in what we understand is being largely ignored. Meanwhile, those who don’t even know the questions to ask […]

January 27, 2026 | Why Private Credit Wants You to Buy In

Our month-end letter for January discusses the links between private equity, private credit and elevated financial risks for the rest of us. The segment below offers a primer. Opacity and complexity in financial products often cloak elevated risk and even deceit. Private credit, a form of lending by non-bank financial institutions to businesses outside of […]

January 26, 2026 | The Compounding Costs of Sanctioned Gambling

Empirical research suggests that expanded gambling access—particularly low-friction, online sports betting—has been associated with measurable increases in consumer financial distress, including higher bankruptcy filings in U.S. states following legalization. The evidence is strongest where gambling becomes more accessible and continuous, rather than episodic (e.g., mobile wagering versus destination casinos). At the individual level, a robust […]

January 23, 2026 | Grantham Reflects on Six Decades of Investing

Far-reaching, worthwhile discussion in this segment. On episode 226 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Jeremy Grantham to discuss: stock market bubbles, the ups and downs of managing money, how the wealth divide has grown so wide, the future of clean energy tech, and much more! Here […]

January 22, 2026 | Investor Emotional Cycle is Alive and Well

Madness and mayhem are the order of the day, while consumer and business sentiment are dour, and for-sale signs are popping up like measles. Meanwhile, equity markets are priced for nirvana, and participants are the most long of all time. Households and nonprofit organizations entered 2026 with a record near half of their financial assets […]

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 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 17, 2026 | Danielle on CBC Weekend Business Panel

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 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 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 12, 2026 | Madness and Mayhem Continues in January

Happy Monday! Heading into the traditionally challenging second year of the US presidential cycle, global news flow continues to erode consumer and business confidence. In response, the Trump administration is intensifying efforts to boost popular support through handouts and distractions. In the early going this morning, equity futures are down, along with the US dollar. […]

January 8, 2026 | GTA Housing Meltdown Continues

Next month will mark the fourth anniversary of the late, great top of the February 2022 housing bubble in Ontario, Canada. Historically, real estate bear markets have taken 4 to 6 years to bottom. Data suggests that we aren’t there yet; mean reversion continues to unfold through the economy. Toronto Real Estate Market Collapse Continues: […]

January 7, 2026 | TM: The 4th Turning’s Market Dangers

There are many thought-worthy macro insights in this discussion. My sharing does not suggest my endorsement of the new ETF being promoted Today’s guest has long predicted that widespread systemic change would occur during the 20-teens and 20-20s — as America and much of the rest of the world experience a replacement of the old […]

January 6, 2026 | Jubilant Hopes For 2026

After three years of unusually high stock market gains, Wall Street equity analysts entered 2026 with record bullishness and no “sell” recommendations. After being burned on recession calls in 2022, no mainstream economist is calling for a recession in 2026, and no strategist is willing to forecast a flat or down market. Major asset classes […]

January 5, 2026 | Real Estate Weakness Likely To Persist in 2026

New year, same problems; these segments offer some insight. This week on Move Smartly, I’m joined by Doug Hoyes, Licensed Insolvency Trustee and co-founder of Hoyes, Michalos & Associates, one of the most experienced consumer debt relief firms in Canada. Doug works on the front lines with households facing financial distress, giving him a real-time […]

December 29, 2025 | The TruthAbout Electricity Costs

Electricity bills are rising in the US — and politicians are mostly blaming either renewable energy or data centers and AI. But do either of those really explain the problem? And is there any way to fix it? Business Insider producer Elizabeth McCauley sifts through the noise and talks to experts to find out the […]