September 27, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Silver, Uranium.
• Rick Ackerman: (12:39) S&P, Gold, Silver, AI.
• Josef Schachter: (33:12) Outlook for Oil and Natural Gas, AI.

September 26, 2025 | US GDP Rose 3.8% in Q3

US GDP grew at a 3.8% annualized pace in Q2, surpassing estimates of 3.3%, leading the press to cheer a strong and robust economy. By design, the GDP calculation counts net exports as a positive. When imports collapse, GDP rises even though that is a signal of weakened consumer demand. Consumer spending rose by 2.5%, […]

September 26, 2025 | The Mag 7 are The Most Expensive Stocks Ever by a Wide Margin

Mag 7: The Most Expensive Stocks in History The top stocks in 2025 make the dot-com bubble leaders look cheap. Back in 2000, the leaders were Microsoft, GE, Cisco, Walmart, Exxon, Intel, and NTT. Today, it’s the “Magnificent 7” — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. Here’s the shocker: The Mag 7 is […]

September 26, 2025 | Has the Fed Been Successful at Preventing Recessions?

What the hell is an economic “bazooka”?

September 25, 2025 | ECB: Keep Calm and Carry Cash

The European Central Bank (ECB) is urging citizens to “keep calm and carry cash.” The ominous message is a warning of trouble ahead. Bank runs, defaults, war, grid failures, pandemics—the current banking system cannot rely on what’s ahead. “Cash provides essential redundancy – a ‘spare tire’ – for the payment system,” the study’s authors write. […]

September 25, 2025 | Stock Markets Hit by Rosh Hashanah Effect

More and more crypto EFT’s popping up

September 24, 2025 | Good News and Bad News

Institutional exposure to equities is at its highest level since November 2007, and American households’ allocation to stocks has surpassed the 2000 tech-bubble highs. Trading volume on U.S. stock exchanges last week reclaimed last April’s record high. At the same time, as debt prices have soared, the yield reward that investors are receiving from owning […]

September 23, 2025 | Canada Paying for Housing Excesses with Interest

Last week, Equifax Canada reported that 286,000 businesses in this country missed a loan payment last quarter. In the Greater Toronto Area, the number of mortgage lenders repossessing homes and selling them has climbed roughly 60 per cent year over year. Ninety-day-plus mortgage delinquency rates are climbing in Greater Toronto, Greater Vancouver and Canada generally, according to data from RBC. […]

September 23, 2025 | Maxime Bernier: Speech – A Monetary Reset is Coming and Canada Isn’t Prepared

Maxime Bernier Capitalism & Morality Conference Vancouver, August 23, 2025 Good morning! Thank you Jayant for inviting me again to speak at your conference. This conference consistently brings together a serious and thoughtful group of people interested in ideas. I must say, you have to be truly interested in ideas to be looking forward to […]

September 22, 2025 | The Fed Cuts Interest Rates…And Money Gets Tighter

Last week, the Fed started easing again, with a quarter-point cut in its overnight lending rate and a promise of more to come. But the bond market was not impressed: 10-year Treasury yield hits 2-week high despite Fed rate cut this week (CNBC) – U.S. Treasury yields rose on Friday as investors weighed the state […]

September 21, 2025 | Lula Refuses to Speak with Trump

  Brazil’s President Luiz Inácio Lula da Silva is actively destroying a once-growing economy. Lula told the BBC he refuses to maintain diplomatic ties with the United States under Donald Trump, and Brazil is losing the title of Latin America’s top exporter to the US. “The American people will pay for the mistakes President Trump […]

September 20, 2025 | The Rules Have Changed

Monetary policy is a balancing act. The Federal Reserve’s “dual mandate” requires it to promote both maximum employment and stable prices. Statutorily, neither is more important than the other. The Fed is supposed to seek both at the same time. Of course, there are those of us across the spectrum who think one or the […]

September 20, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Interest Rates, Gold, Silver, USD, Canadian Dollar, Bitcoin, Corn.
• Eric Hadik:  (10:36) Market Cycles, Interest Rates, USD, Canadian Dollar, Bitcoin Gold, Silver, Petroleum, Agriculture, Wars.
• Robert Campbell: (38:48) Real Estate, California, US Gold Backed Currency, Reserve Currency, Health Tips.

September 19, 2025 | Coffee Prices on the Rise

Coffee prices are the latest grocery item troubling American consumers. The United States is the world’s largest importer of coffee, but produces less than 0.1% of all coffee for domestic consumption, importing over $8.2 billion (1.6 metric tons) of coffee last year alone. The average retail price of coffee spiked 21% in the past year, […]

September 19, 2025 | Powell Only Has Bad and Worse Options

Powell’s Quandary: Bad and Worse Options Chair Jerome Powell of the U.S. Federal Reserve admits he is in a bind: the economy is flashing both weak job numbers and rising inflation. What’s a Fed to do? This week the Fed trimmed its policy rate by 25 basis points to 4.125 percent — still about 1.4 […]

September 19, 2025 | Lower Interest Rates Predict Bad Times Ahead

Is Gold still a good bet?

September 18, 2025 | Fed Rate Cuts – All About Jobs

The Federal Open Market Committee voted to lower rates by 25 bps at the September meeting, citing “that downside risks to employment have risen.” I reported in December 2024 that the computer had forecast a decline in employment during the incoming Trump Administration. Based on the most recent data, the unemployment rate stands at 4.1%, […]

September 18, 2025 | Is Charlie Kirk Alive?

AI, RFK Jr., EU, Silver, Flouride

September 18, 2025 | Should You Buy Bitcoin Dips?

Stock Markets already anticipated interest rate cut

September 18, 2025 | Why Fed Rate Cut NOT Good News

Gold, crypto, housing – nothing safe from bubble of everything.

September 17, 2025 | A National Divorce

Rep. Marjorie Taylor Greene voiced a harsh truth: America is a divided nation. These differences appear irreconcilable, and Greene is proposing “a peaceful national divorce.” Which state will file the papers first? The computer system warned long ago that the United States would not remain as one country indefinitely. The cycle of political disintegration is […]

September 16, 2025 | Stock Owners Have Learned To Love The Bomb

Since 1950, the S&P 500 index has averaged a 5-year annualized earnings growth rate of 7%. Today, S&P 500 pricing assumes a forward 5-year annualized earnings growth rate of 15% (Rosenberg Research). Leveraging this extraordinary optimism, the S&P 500 is trading at more than 23x 5-year forward earnings expectations, some 28% above the longer-term historical […]

September 15, 2025 | Cushioning the Downfall

Happy Monday Morning! As we discussed in our note last week, the economy is contracting and job losses are mounting, and so it’s chopping Time Again. The Bank of Canada is on deck with markets pricing in nearly 80% odds of a 25bps rate cut. According to BMO, there could be more coming. “We see […]

September 14, 2025 | Images, Words & Narratives Matter

“There are decades where nothing happens; and there are weeks where decades happen.” ― Vladimir Ilyich Lenin     “What we’ve got here is… failure to communicate. Some men you just can’t reach. So you get what we had here last week, which is the way he wants it… well, he gets it. I don’t […]