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November 1, 2025 | Trading Desk Notes for November 1, 2025

Sell the news? Leading global stock indices were at or near all-time highs this week, as Trump’s Asian tour reduced trade tensions, the FOMC cut interest rates, and Big Tech’s quarterly reports, on balance, were positive. Oh, and NVDA briefly reached a $5 trillion market capitalization, which is more than twice the size of Canada’s national GDP.   Despite all the positive news, Friday’s […]

November 1, 2025 | This Week in Money

October 31, 2025 | The Bank of Canada Cuts Again But Fails To Address Housing

The Bank Cuts Again — But the Real Problem Is Housing The Bank of Canada trimmed its policy rate by 25 basis points this week to 2.25 percent, pulling Canada’s official rate well below the U.S. Federal Reserve’s 3.75 percent — also lowered this week. But don’t expect these cuts to save the economy from a recession. In […]

October 31, 2025 | How Will AI Pay Our Bills?

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 […]

October 31, 2025 | How Much Could Stock Market Lose When Bubble Bursts?

Can the Fed prevent a major equity loss in a correction?

October 30, 2025 | How a Fed Overhaul Could Eliminate the Federal Debt Crisis, Part II: Curbing Fed Independence

from ScheerPost There has been considerable discussion in recent years about reforming, modifying, or even abolishing the Federal Reserve. Proposals range from ending its independence, to integrating its functions into the U.S. Treasury Department, to dismantling it and returning monetary policy to direct congressional or Treasury oversight. The Federal Reserve Board Abolition Act (H.R. 1846 […]

October 30, 2025 | Stock Pullback Expected After Big Surge

Can Nvidia sustain its 5 Trillion valuation?

October 29, 2025 | Bill Gates: Climate Change Crisis Averted

  Bill Gates is calling for a “strategic pivot” on climate change in a 17-page manifesto in which he declares that scientific innovations have averted the crisis. The doomsday prophecies of a climate apocalypse by 2030 have clearly not come to fruition. “Climate change is a serious problem, but it will not be the end […]

October 28, 2025 | One in 10 Americans on SNAP

There are 42 million Americans at risk of losing access to SNAP food stamp benefits due to the prolonged government shutdown. The U.S. Department of Agriculture (USDA) does not have the ability to continue funding the program and funds will run dry on November 1. It is more alarming that one in ten Americans currently […]

October 27, 2025 | The Core of the Peace Proposal

  The Road to Peace is undoubtedly attainable. I urge everyone to read my Peace Proposal that details the intricacies of restoring global order. The importance of restoring peace is paramount. Without peace, we will be forced to endure World War III—the destruction and loss of life is unfathomable. Share this document with whoever is […]

October 26, 2025 | Debt Cycles, Eastern Style

Our planet has a wide array of different political and economic systems. Some work better, so you’d think we would gravitate to those over time. But even now, we still have a lot of variety. What works in one place and time might not succeed in different conditions. All these systems, however, have one thing […]

October 25, 2025 | Trading Desk Notes for October 25, 2025

Gold prices corrected this week after closing higher for nine consecutive weeks, with prices up over $1,000 (~31%) from the August lows. Gold rallied above $2,000 for the first time in August 2020 (blue ellipse) as governments and central banks reacted to covid, and as the US 10-year bond yield fell to a historic low of […]

October 25, 2025 | This Week in Money

October 24, 2025 | China Rare Earth Grip Tightens

The global fight over rare earth elements has entered a new and dangerous phase. China holds the advantage—and Washington has few good options. In October, Beijing announced new restrictions on exports of rare earth elements (REEs). Any product containing even trace amounts of China-sourced materials could now require special approval or be denied altogether. The […]

October 24, 2025 | Recession Watch: Shadow Banking Crisis … and So Much More

The spread of private equity and non-bank lending has created a “shadow banking system” that’s largely invisible — until something breaks. Then the resulting losses show up in the real banking system, and everyone freaks. In the past couple of months, some of this shadow paper went bad without warning. Here are a few bullet-point […]

October 24, 2025 | Is the Bubble of Everything About to Burst?

Is a “Black Swan Event” likely under Trump?

October 23, 2025 | Post-Pandemic Inflation in Canada

Inflation in Canada rose to 2.4% this September, as reported by Statistics Canada. Excluding gas, the rate sits at 2.6%. Volatile prices among all essentials, from groceries to shelter, are ramping up the cost-of-living crisis for all Canadians. Grocery prices have been on the rise since the pandemic and cannot be attributed to tariffs. The […]

October 23, 2025 | How Long Will Gold Pull Back Last?

Will US sanctions on Russia up energy prices?

October 22, 2025 | Record Capital Risk

Most retirement accounts and investment portfolios are designed to track broad stock indices like the S&P 500, but under the hood, there’s much less diversification than imagined. One chip company, Nvidia, accounts for 7.3% of the S&P 500 market capitalization; the three most expensive companies—Nvidia, Microsoft, and Apple—comprise an unprecedented 21% of the index (chart […]

October 21, 2025 | Geothermal Heat Going Mainstream in Toronto

Renewable energy systems keep gaining market share, because there are many different solutions for different applications and they keep getting cheaper and cheaper as well as being cleaner, more efficient, safer and smarter than traditional sources. Good news! Read Inside the deal that’s making geothermal heat go mainstream in Toronto. Here’s a taste: “We can get […]

October 21, 2025 | Europe Preparing to Confiscate Private Accounts for War?

The European Union is planning to cancel paper currency and move to CBDC to carryout: Claiming they wish to elmininate the American credit card system of VISA and MasterCard they claim for economic independence when in truth the European monetary system is collapsing.  They are seriously claiming national security insistenting that Putin wants to invade […]

October 20, 2025 | Did Trump Force Zelensky to Back Down?

  COMMENT: Marty, we realize you have no respect for the Nobel Peace Prize after they gave it to Obama for absolutely nothing.  However, we should all nominate you because we also know you have been working the back channels in Washington and Moscow. It seems like Trump followed your recommendations for Zelensky to back […]

October 19, 2025 | Is Deep Fear Driving Gold, or Just the Bubble

  The aging bull market smells like it’s in a topping process, although it could take a vicious head-fake or two to new highs to set the hook. Last week, I raised the possibility that shares had entered a vortex similar to the one that led to the 1929 Crash. A key similarity is that […]

October 18, 2025 | The Final Crisis: This is Our Future

Turn out the lights, the party’s overThey say that all good things must endCall it a night, the party’s overAnd tomorrow starts the same old thing again      – Willie Nelson Willie Nelson is not, to my knowledge, a proponent of any economic cycle theories – though now at 92, he’s seen more cycles than most […]

October 18, 2025 | This Week in Money

  • Ross Clark: Stock Markets, Gold, Silver, Oil.
  • Eric Hadik: (10:48) Market Cycles, Gold, Silver, Palladium, Platinum, Bonds, Interest Rates, Oil, Bitcoin, 80 Year War Cycle.
  • Robert Campbell: (33:10) Gold, US and California Real Estate.
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