July 16, 2025 | US Total Stocks Rise 9.0 Mb/d Last Week And Total US Demand Fell 1.68 Mb/d To 19.2 Mb/d. Pressure On Crude Prices Increases

Summary: President Trump is sending out his unilateral tariff deals. He is giving time for counterparties to come forward (by early August) with better deals that might provide some relief from exorbitant tariffs that would kill or end trade. Any tariff deal over 25% changes trade relations and makes trade nearly impossible. Crude oil is […]

July 15, 2025 | Housing Bust Intensifies As Inventories Surge

One of the reasons so few houses were on the market over the past few years was the disparity between 7% current mortgage rates and the 3% mortgages that many homeowners had. It made no sense to sell a house with a cheap mortgage and buy a new house with an expensive mortgage, so millions […]

July 14, 2025 | The Great Unraveling Brings Pain and Remorse

If we had a loonie for every person who believed, “You can never lose money in real estate.”  Unfortunately, many well-meaning older folks ignorantly aided and abetted younger folks into a massive housing bubble. Many are doing the same thing now with corporate securities markets back at historic highs. The masses are increasingly realizing and regretting capital […]

July 13, 2025 | AI Story Gooses Stocks into the Ozone

Nvidia became the world’s first $4 trillion company last week, leapfrogging Microsoft, Tesla, Google and every other company struggling to stay in the AI game.  Our money is on Musk to compete the hardest. He is Nvidia’s biggest customer for their most powerful chips, which sell for as much as $200,000. Musk has been buying […]

July 12, 2025 | Trading Desk Notes for July 12, 2025

The bull market in risk assets continues Bitcoin reached new all-time highs this week, up ~60% from the April lows. Silver surged to a 14-year high, up ~42% from the April lows. Copper hit all-time highs of ~$5.90 (basis September Comex), up ~43% from April lows. Comex copper futures surged from ~$5.00 to ~$5.90 (~18%) in four […]

July 12, 2025 | This Week in Money

• Ross Clark:  Stock Markets, S&P and Nasdaq New Highs, Gold, Silver, Platinum, Palladium, Copper, Uranium.
• Eric Hadik: (13:17) Market Cycles, White Metals, Bitcoin, Stock Markets, Interest Rates.
• Mark Leibovit: (43:34) Platinum, Palladium, Copper Tariffs, Gold, Silver, Lunar Cycles, Elon Musk’s America Party.
• Hilliard MacBeth: (1:20:45) Canadian Real Estate, Tariffs, Electric Vehicles, Alberta Independence.

July 11, 2025 | Tariffs Miss The Mark on U.S. Copper

Copper prices surged this week after Donald Trump announced a 50% import tariff starting August 1, aiming to boost U.S. self-sufficiency. But for copper, the move is more optics than impact — it won’t kick-start domestic output anytime soon, and manufacturers (and consumers) will foot the bill. Global supply remains constrained despite copper’s crucial role […]

July 11, 2025 | Boomers: Sell Now and Avoid the Rush?

Are you a baby boomer that needs the equity in your home to fund your retirement? If so, you might want to take action sooner rather than later because most boomers no longer have the choice of playing the long game when it comes to recovering from home equity losses. I say that because we […]

July 11, 2025 | Is BRICS Proposed Digital Currency on Shaky Ground?

Could Tariffs replace income taxes?

July 10, 2025 | A Closer Look At Germany’s Death Spiral

Subscriber Bill G responded to yesterday’s post on Germany’s financial/cultural death spiral by asking: “And when did debt to GDP cease to be a good measure of economic health? https://countryeconomy.com/countries/compare/germany/usa?sc=XE02” His point is that if Germany’s government debt is only 65% of GDP, that country is — by definition— in way better shape than the US […]

July 9, 2025 | Crude Prices Vulnerable Due To Weak Demand And Growing Global Stocks (Especially In The US).

Summary: President Trump got to sign his ‘BIG, BEAUTIFUL BILL” on Independence Day – July 4th with many positives in the bill. There are still areas of cuts for poor and lower middle income households that will give the Democrats lots of ammunition during the mid-term elections in November 2026. Republicans in swing districts will […]

July 9, 2025 | News Doesn’t Matter to the Stock Market

Could the US Government use home equity to pay off debt?

July 9, 2025 | Inflationary Pressures Began After 2015 – Tariffs are a Distraction

The Federal Reserve’s Survey of Consumer Expectations foresees inflation returning to “pre-tariff” levels. As I have mentioned, the rising costs were a mere price correction and not a permanent rise in inflation. Tariffs were NEVER the root cause of inflation. The central bank predicts that inflation will read 3% in 13 months, which would be […]

July 8, 2025 | People Flee Taxation

  I have written about how Rome fell, and just by mapping the population of Rome, you can see the fate of many current nations and states operating under poor fiscal policies – people sell and just leave. It is different this time because, under socialism, the government has become abusive. When it came to […]

July 8, 2025 | Why Public Funds Should Be Deposited in Publicly-Owned Banks

From JustMoney.org A thriving economy requires that credit flow freely for productive use. But today, a handful of giant banks diverts that flow into an exponentially-growing self-feeding pool of digital profits for themselves. Rather than allowing the free exchange of labor and materials for production, our system of banking and credit has acted as a […]

July 7, 2025 | Financial Health is a Marathon

Toronto-area home sale prices dropped by 5.4% annually in June–the fifth consecutive year-over-year decline. While lethargy is glaring in condos, detached home sale prices fell the most, with a 6.5% year-over-year drop. The average Toronto June sale price of $1.01 million represented a 17% decline from the February 2022 peak of $1.21 million. Sales for […]

July 6, 2025 | Kerry Lutz: Did Martin Armstrong Predict the Great Decline?

  Conversations with the Master Forecaster This book is unlike anything you’ve read before. It’s not another theory — it’s a documented track record of how Martin saw what no one else did: ✅ Sovereign debt implosions ✅ War cycles and geopolitical shifts ✅ The coming collapse of trust in governments ✅ The timeline to 2032 — […]

July 6, 2025 | T-Bond Bottom Could Herald the Start of Trump’s ‘Golden Era’

We’re all waiting anxiously to see whether Trump’s bold initiatives usher in a golden economic era. If this is going to happen, we should see the Dow Industrial lurch toward 100,000 at any time. Just a few short weeks ago, you could have counted me among the skeptics. It is a habit that has become […]

July 5, 2025 | Trading Desk Notes for July 5, 2025

The S&P, NAZ and TSE hit new record highs this week The S&P is up ~30% from the April lows (~7% YTD), the NAZ is up ~40% from the April lows (~8% YTD), and the Toronto Composite is up ~22% from the April lows (~9% YTD). Big Cap Tech has led the rally, with MSFT up ~45% from the […]

July 5, 2025 | This Week in Money

• Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar
• John Rubino: (10:55) Trump Presidency, Gold, Silver, Lithium, BRICS
• Martin Straith: (39:09)  US Job Growth Number, Stock Market Trends, USD, Canadian Dollar, Cryptos
• Jim Willie: (1:13:52) Russia/Ukraine and Israel/Iran conflicts and the Markets, Interest Rate Cuts, Gold, Silver

July 4, 2025 | Clean Energy Reclaims Market Leadership

At the start of the year, the narrative was straightforward: fossil fuel producers stood to benefit from supportive domestic policy, while clean energy—out of favour politically and commercially—looked set to lag. Markets had priced in a resurgence in drilling, with investor consensus leaning heavily toward traditional hydrocarbons. That view hasn’t aged well. Six months on, […]

July 4, 2025 | BRICS Digital Currency, Gold Standard

Bloated BC Mayor pay “evil”.

July 4, 2025 | US Interest Rates Will Drop When This Happens

How long will equity market records continue to be set?

July 3, 2025 | Recession is Here?

David Rosenberg, founder and president of Rosenberg Research, believes recession odds are higher than 2022 despite nobody expecting one, pointing to Fed staff forecasting 50% recession probability and the most downbeat Beige Book since 1980. Rosenberg criticizes Powell for calling the economy “solid” while real GDP has been negative sequentially in 2 of the past […]