July 30, 2025 | Are Stock Markets Setting Up for a Major Correction?

Digital Currencies, mandatory biometric ID’s creeping in.

July 30, 2025 | US Commercial Crude Stocks Rise 7.7 Mb In Recent EIA Data- Crude Prices Are Vulnerable

Summary: President Trump has announced a trade deal with the EU opening the country to US sales of vehicles, more agricultural goods, wine and mostly energy. Their tariff will be 15% and US goods entering the EU would see no tariff. Prior to the tariff war EU cars paid a 2.5% tariff to enter US […]

July 30, 2025 | Ware Phase of This Fourth Turning Has Arrived

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward […]

July 29, 2025 | Financial Sobriety is a Rare Superpower Over Time

Speculative trading indicators measure froth in financial markets and indicate when speculators—rather than fundamental investors—are dominating market behavior. As shown below, since 1995, the rebound in speculative measures over the past three months has been one of the sharpest on record, and in rare company with now infamous bubble tops in 1999-2000 and 2021. The […]

July 28, 2025 | Hoisington Q2 2025 Review and Outlook

Hoisington Management’s 2025 Second Quarter Review and Outlook is available here. At his June 18 press conference, Federal Reserve Chairman Jerome Powell referred to tariffs as inflationary. Hoisington points out that this is only the first-round effect: Second, third, and later-round effects also come into play, causing the quantity demanded and price to decrease for the […]

July 27, 2025 | AI Profits Nowhere in Sight

Although the biggest players in the tech world have sunk trillions of dollars into AI research and development, none of them have made a dime. Will they ever? That’s a reasonable question, considering AI’s potential to change the world remains highly speculative. The investment frenzy continues to gain momentum nonetheless, recalling the South Sea Bubble of the […]

July 26, 2025 | Trading Desk Notes for July 26, 2025

Markets are not expecting RISK! The leading global equity indices are at or near all-time highs. The S&P is up ~33% from the April lows, the NAZ is up ~42%. (NVDA is up >100%.) (Open interest in the S&P futures market fell to an 18-year low this week. Perhaps because one S&P futures contract is now […]

July 26, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Oil, USD, Canadian Dollar.
• Martin Armstrong:  (9:10) Russia-Ukraine War, War Cycles, Bank Bail-ins, Gold,  Trump, Interest Rates.
• Victor Adair: (1:45:46) Stock Markets, Gold, Copper, Tariffs, Corporate Share Buy-Backs.
• Allan Mark Angell: ( 2:13:47) Vancouver Real Estate.

July 25, 2025 | Trucker Convoy Lawyer Debanked

Banks have the ability to debank customers at a moment’s notice. Canada successfully weaponized its banks against the people during the Trucker Convoy, a peaceful protest demanding the right to bodily autonomy during the COVID-19 vaccine mandates. Lawyer Eva Chipiuk, who represented the Trucker (Freedom) Convoy, received notice from the Royal Bank of Canada (RBC) […]

July 25, 2025 | Have the Precious Metals Ended Their Push Higher?

Are the  Stock Markets near a “correcting” stage?

July 24, 2025 | Japan’s Bond Market Crisis Intensifies – Has BOJ Finally Lost Control?

Japan, with its highest in human history per capita government debt, has been an accident waiting to happen for a long time. But somehow, it has always managed to slip out of whatever trap the financial markets set for it. Until now? Japanese interest rates have been rising, increasing government interest costs and leading traders […]

July 24, 2025 | Rare Earths and Copper Leading the Way Higher

Gold and Silver long term.

July 24, 2025 | Not Too Late to Get Into Cryptocurrencies

Metals of all kinds enjoying popularity

July 23, 2025 | WTI Weakens As New EU Sanctions On Russia Lack Effectiveness. Crude Likely To Breach US$60/b In Coming Weeks.

Summary: President Trump has announced a trade deal with Japan opening the country to US sales of cars, trucks, rice and other agricultural food stuff. In return for a 15% tariff on Japanese exports (down from 25%) Japanese companies etc., plan on investing US$550B in the US. Importing US rice will alienate protected rice farmers. […]

July 23, 2025 | Still No Solid Plan for AI to Make Money

Will Amazon knock Netflix from its lofty perch?

July 22, 2025 | Institutions Decreasing Real Estate Purchases

  Investors continue to snap up residential properties, as real estate has evolved into an investment class of its own. New reports show that between 2020 and 2023, investors were responsible for 18.5% of home purchases. In the first three months of 2025, investors composed 27% of all residential properties, marking the highest share in […]

July 21, 2025 | The Great Pivot

Happy Monday Morning! Last week we wrote a piece called The Only Game in Town, in which we argued CMHC has financed nearly 90% of all new rental construction in the country, up from just 5% in 2017. They have become the only game in town and the financial exposure was concerning in an environment where […]

July 20, 2025 | Is Obama About to Get His Comeuppance?

The stock market continues to waft higher with the riskless predictability of loaded dice. DaBoyz have trained their firepower on just a few high-flyers, chiefly Microsoft and Nvidia, in order to squeeze the broad averages skyward with an absolute minimum of capital. I’ve explained here before in exhaustive detail how this carnival midway trick is […]

July 19, 2025 | Trading Desk Notes for July 19, 2025

The Trend Is Your Friend – summerweight edition! The S&P has rallied nearly 10X in the last 16 years. It is up ~3X from the covid lows five years ago. It’s up ~30% from the April 2025 “Liberation Day” lows. And this week, when the S&P fell ~100 points on “fresh news” that Trump was planning […]

July 19, 2025 | This Week in Money

• Ross Clark: Stock Markets, Nasdaq, S&P, Bitcoin, Platinum, Palladium, Gold, Uranium, Oil, USD, Canadian Dollar.
• Maxime Bernier – Leader of the People’s Party of Canada: (10:00) Globalization, Canada’s Economic Future, Alberta Separatism, CBDC, Privacy.
• Matthew Pauly – Stop Bill C-293 : (10:00)
• Robert Campbell: (1:38:36) US Real Estate, Tariffs, Health Tips.

July 18, 2025 | China’s Auto Industry is About To Crush The Competition — and Ford’s CEO Knows It

Chinese automakers are rapidly dismantling the global pecking order—and there’s growing evidence they’re about to take the top spot. Ford CEO Jim Farley has issued a stark warning: many Detroit automakers might not survive this existential threat. Take Xiaomi’s new electric sedan, the SU7. Priced between US$35,340 and $45,995, this EV boasts specs that outclass most […]

July 18, 2025 | 60% of Canadians Face Rising Mortgage Payments by 2026

  Canadians with a mortgage renewal in the near future are facing trouble ahead. The Bank of Canada released a new report detailing that around 60% of outstanding mortgages are set to renew in 2025 or 2026, and those homeowners are highly likely to see a rise in monthly payments. Most borrowers went into a […]

July 18, 2025 | Putin Seizes $50 Billion from Oligarchs

The US Fed’s confusing inflation strategy

July 17, 2025 | The Stripper Index

One company has been looking to one of the world’s oldest professions to gauge the state of the economy—sex work. “The ‘stripper index’ is an unconventional economic indicator that correlates changes in sex work revenue, such as escort pricing, strip club tips, and related search interest, with broader economic cycles,” Erobella states on its website. […]