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. […]

July 17, 2025 | Is There Anything to Hold Crypto’s Back?

AI energy needs powering uranium comeback.

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 […]