May 29, 2025 | Bitcoin Still Has Room to Grow

Tariff battles will continue for quite some time

May 29, 2025 | Stock Markets Have Likely Topped

Court rulings about US tariffs “just noise”

May 29, 2025 | Muted Market Response Following US Tariff Ruling

Are depressed oil stocks a good buying opportunity?

May 28, 2025 | WTI Likely To Breach US$60/b In The Coming Days

Rising interest rates around the world are again causing problems for financial institutions. In Japan the increase in rates to record highs has pushed insurance companies and banks to take massive mark to market losses and stock prices have been hit hard. In the US rates have stayed near yearly highs with the 10-year US […]

May 27, 2025 | 12.3M Americans Over 120 Removed from Social Security Database

The two certainties in life are death and taxes. The Department of Government Efficiency (DOGE) recently discovered that the living are paying taxes to the dead. In fact, the agency recently eliminated a staggering 12.3 million Social Security recipients who would be over 120 years old if they were still alive today. In March 2015, […]

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 | 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 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 | This Week in Money

• Ross Clark: Stock Market, Gold, Uranium.
• Gerald Celente: (10:10) USA, Gold.
• David Skarica:  (41:30) Bitcoin, Copper, Oil, Lithium, Uranium, Gold Miners.
• Josef Schachter: (1:37:54) Energy Sector, Canadian Economy.  Special Offer!

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 | Is it Time for Trump to Back Off on Tariffs?

Bond markets causing unease.

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 | Wall Street Could Continue Sell Off

Bitcoin

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 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 | 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 | Moody’s US Downgrade AAA to AA1

  Moody’s Investor Service downgraded the United States’ credit rating from a top-tier rating of AAA to AA1 due to rising government debt. Fitch Ratings lowered the US debt in August 2023 for the same reason in August 2023, and while Moody’s did not officially act at the time the agency warned that the US […]

May 18, 2025 | Time for a Little Skepticism

I’ve supported Trump since his first term, but my hopes for his success peaked a month ago when a panic-induced plunge in the S&P 500 reversed almost precisely from a 4820 target I’d sent out to subscribers. I saw this as the surprisingly quick end to a bear market that had only just begun in […]

May 17, 2025 | Trading Desk Notes for May 17, 2025

Global stock markets continue to bounce back from their April lows Given that the April 7 lows were created by extraordinary tit-for-tat tariff increases between the USA and China, the “much better than expected” meeting between the two countries last weekend inspired a gap-higher opening this week, especially in tech issues. The S&P closed this […]

May 17, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Uranium.
• Victor Adair: (12:29) Stock Markets, Volatile Markets, Energy, Oil and Gas.
• Mark Leibovit: (39:30)  Full Moon, Bitcoin, Tesla, Alberta Separation.
• Robert Campbell: (1:30:14) US Real Estate, Mortgage Rates and Inflation.

May 16, 2025 | The U.S. Stock Market Needs Magnificent Seven Leadership

A group of seven leading companies — the Magnificent Seven known as Mag 7 — which has led the U.S. stock market for several years was lagging the market by a large margin in 2025, until the recently announced 90-day partial reprieve on tariffs on Chinese imports. Making up one-third of the value of the […]

May 16, 2025 | The Negative Side of Lower Interest Rates

China now Canada’s biggest crude oil customer

May 15, 2025 | France Proposes 500% Tariff on Russian Oil

The European Union recently implemented its 17th round of sanctions against Russia, in case the first 16 were insufficient. Jean-Noël Barrot, France’s Minister for Europe and Foreign Affairs, would like to take a harsher approach by placing a 500% tariff on anyone purchasing Russian oil. “We must move forward because the current sanctions have not convinced Vladimir […]