September 13, 2025 | Trading Desk Notes for September 13, 2025

The highest conviction trade in the world The highest conviction trade in the world is that the Fed will cut short-term rates by 25 basis points next week as it begins an easing cycle that will take interest rates down ~100 basis points by early 2026, and perhaps by ~150 basis points by late 2026. The […]

September 13, 2025 | This Week in Money

• Ross Clark: Stock Markets, Stagflation, Gold, Silver, Oil, USD, Canadian Dollar.
• Victor Adair:  (9:42) Interest Rates, Inflation, USD, Canadian Dollar, Bonds, Copper, Oil, Technical Trading.
• Hilliard MacBeth: (50:08)  Canadian Real Estate, Stock Markets, Unemployment, Gold, Junior Miners, Tariffs, Alberta Independence.

September 12, 2025 | Health Prepping: Big Pharma Gets What It Deserves

Alternative health guru Sayer Ji just published a small book’s worth of dirt on some manifestly evil companies. If he’s right — and generally speaking, I think he is — we’re witnessing poetic justice on a global scale. Here’s a tiny excerpt of the much longer post: Are We Witnessing Big Pharma’s Accelerating Collapse? Layoffs, Lawsuits, […]

September 12, 2025 | Bank Mortgage Lending Created The Canadian Housing Bubble

Substantial acceleration in bank mortgage lending for residential real estate was essential in creating the Canadian housing bubble. Now that the housing bubble is bursting new mortgage lending could slow or even decline. If the rate of increase in new mortgage debt slows sharply home prices will drop leading to a crash in the housing […]

September 12, 2025 | T-Bill Breakdown Sign of Trouble

Time to do some serious hedging

September 11, 2025 | Black Swans: What If the “Scaling Cliff” Pops the AI Bubble?

Artificial intelligence is this decade’s tech success story. And that sector’s stocks — led by the almost supernaturally powerful chip maker Nvidia — are primarily responsible for the S&P 500 and Nasdaq being at record highs. In just the past five years, nearly a trillion dollars have been thrown at AI data centers, chip plants, and model […]

September 10, 2025 | The Freedoms Lost Under the Patriot Act

The Patriot Act was drafted and pushed through with lightning speed, something that could not have been written overnight. This was the beginning of warrantless surveillance, indefinite detention, and a wholesale reversal of constitutional rights. I have said many times: governments do not waste a good crisis. They wait for the right moment to impose […]

September 10, 2025 | S&P Continues into Record Territory

Investors nervous about Fall equinox

September 9, 2025 | Repopulation is Turning the UK into a Muslim Nation

  The new Home Secretary of the United Kingdom is yet another reminder that the UK is a Muslim nation. Shabana Mahmood, a Pakistani woman, is now responsible for England and Wales’s internal affairs, including immigration, national security, and counter-terrorism measures. The issue is not that she is Muslim; rather, the issue is that open […]

September 8, 2025 | Ontario Real Estate Update

The Toronto area saw the average home price drop for the seventh consecutive year-over-year decline in August. Detached home prices, down 10%, fell more than other property types. The average sales price for all property types has dropped by more than 23 per cent in the GTA (Greater Toronto Area) since the February 2022 price […]

September 7, 2025 | From the Archives: How Inflation Is Crushing Our Kids, In 5 Charts

An important line was recently crossed, when the wealth of America’s 1% surpassed that of its entire middle class: In recognition of this milestone — and the societal turmoil it all but guarantees — here’s a post from March of 2024 that fleshes out the thesis: How Inflation Is Crushing Our Kids, In 5 Charts […]

September 6, 2025 | Housing Headaches and More

We have no scarcity of economic challenges. Price inflation is high on the list, in part because we saw so little of it for so many years. Inflation’s return in 2021–2022 brought back memories for those (ahem) who lived through the 1970s. And not the pleasant kind. None of our generation wants to see the […]

September 6, 2025 | This Week in Money

• Ross Clark: Stock Markets, S&P New Highs, Magnificent Seven Stocks.
• Rick Ackerman: (10:02) Gold, Silver, Precious Metals, Real Economic Activity, Bitcoin.
• Martin Straith: (44:31)  Impact of Tariffs, Interest Rates, Stock Markets, Trump Socialism.  Special Offer!

September 5, 2025 | No Stopping EU Needs War

Following the meeting, which was attended by Zelensky, the Petit Napoleon Macron, pushing to conquer Russia, said that 26 countries – including the UK and France – have pledged to deploy troops in Ukraine as a “reassurance force” in the event of a ceasefire. They know what they are doing. This is the prelude to […]

September 5, 2025 | Canada’s EV Mandate May Ease

The AI wave looks like all the “Tech” Bubbles

September 4, 2025 | WTI Prices Vulnerable In The Near Term To Fall Shoulder Season Inventory Build. This Week Total Stocks Up 7.6 Mb.

WTI Crude oil prices are steady at US$63.44/b (low today US$62.72/b) compared to US$63.66/b last week at this time. President Trump’s window for Russia to agree to peace talks with Ukraine have gyrated energy prices. President Putin has invited President Zelensky to Moscow but this is not as safe as where Zelensky wanted, Switzerland. Crude […]

September 4, 2025 | American Eagle Shares Busting Out

Bitcoin catches a cold

September 3, 2025 | Which Housing Domino Will Fall First?

  At least three big groups of homeowners have the potential to crash the US housing market. And with home prices at unaffordable levels and mortgage rates above 6%, it’s now a question of when, not if, this market tanks. But it’s still fun to speculate about which domino will be first to fall? Here […]

September 3, 2025 | NATO to Spend $1.5 Trillion in 2025

NATO is not at war, and yet, the alliance has spent more on funding Ukraine than on any other conflict. The Defence Expenditure of NATO Countries (2014-2025) determined that the alliance is expected to spend $1.59 trillion USD in 2025, up from $1.5 trillion in 2024. The United States continues to uphold the alliance financially, […]

September 2, 2025 | Gold/Silver Miners Are Two-Thirds Through Their Best Quarter Ever

Well-run miners — i.e., those that maintain or grow production while controlling costs — have had a great 2025 so far. Here are a few posts covering the previous quarter’s stellar earnings reports: Huge Gold Miner Earnings Season Begins This Week Killer Q2 Earnings: Why It’s Good to Own the Leaders More Blow-Out Q2 Earnings […]

August 31, 2025 | UK Civil War: Wow, That Escalated Quickly

A few months ago, King’s College professor David Betz caused a stir by predicting that mass immigration would lead to civil war in the UK. Since then, things have been accelerating: A court allowed the UK government to house effectively unlimited numbers of migrants in hotels, despite growing unrest in affected communities. A government study of “migrant rape gangs” concluded that they […]

August 31, 2025 | The Cycle of War & Revolution

QUESTION #1: Hi Martin, Since the international war array started picking up in 2022 but peaks in 2026 with a panic cycle, do we in fact expect a serious deflagration potentially nuclear but very short lived and closing by 2027 since it’s the peak? Would that mean a very swift demise of European stupid leaders […]

August 30, 2025 | Trading Desk Notes for August 30, 2025

The times they are a-changin’ August feels like the lull before the storm that strikes once we get past Labour Day. The meandering price action and low volatility we’ve seen may be replaced by strong directional moves and increased volatility. September is historically the worst month of the year for the stock market. The leading American […]

August 30, 2025 | This Week in Money

• Ross Clark: Stock Markets, Silver, Gold, Oil, USD.
• Josef Schachter: (10:12) Energy Sector, China, Tariffs, OPEC, World Economic Forum, Electric Vehicles.
• Ted Dixon: (1:10:42) Canada’s Advantage in Minerals and Energy, Copper, Tariffs, Insiders.