March 10, 2025 | Timing

Happy Monday Morning! Just last week we highlighted the growing desperation in the new construction market where pre-sales are struggling, and unsold inventory is piling up across the country. This is particularly true in Canada’s two largest major metros of Toronto and Vancouver. In 2024, Toronto pre-sales hit 30 year lows. A stunningly bad figure […]

March 10, 2025 | Housing Downturns Lead the Worst Recessions

Real estate, the most widely owned and highly leveraged asset class globally, has historically led the deepest economic downturns. Has a housing bubble ever burst without devastating pain across the economy and society? Unfortunately, not. It is far better not to pump real estate bubbles with government incentives and excessive monetary stimulants in the first […]

March 10, 2025 | When Valuations Collide…

“Stock prices have reached what looks like a permanently high plateau.” —Yale economist Irving Fisher 12 days before Black Monday in October 1929 “Wall Street indexes predicted nine out of the last five recessions!” —MIT professor Paul Samuelson in 1966 Last week, we explored the Crestmont Stock Market Matrix and its insight into the drivers of stock […]

March 10, 2025 | DOGE Uncovers Another $3B Wasted on Climate Change

  Sunnova Energy, a solar panel company based in Texas, has filed for bankruptcy. It is not shocking for a solar panel company to go under as the demand is simply not there. Upfront costs could range into tens of thousands and it takes years to see actual savings. The Biden Administration spent more than […]

March 9, 2025 | It’s All About Buying Those Dips

I’ve written here before about how the broad averages have struggled to go lower during what could turn out to be the initial phase of a bear market. Many traders, particularly greenhorns too young to have never experienced a bear market, appear to be buying each step of the way down. They could do so […]

March 9, 2025 | Europe Preparing for War To Conquer Russia

  The European Parliament President Roberta Metsola has completely sealed the fate of Europe and its desire for self-destruction. She is now claiming that it is Ukraine that is defending Europe against a full-scale invasion by Russia. Ukraine is fighting for the security of Europe.   This is the image that Metsola is promoting to […]

March 8, 2025 | Trading Desk Notes for March 8, 2025

Current positioning: On Friday, March 7, I bought the S&P and shorted the Yen, Gold and T-Note calls. I held those positions into the weekend. See the short-term trading section below for more detail. A weaker US Dollar and a weaker US stock market The S&P (my favourite risk barometer) closed lower for three consecutive weeks, […]

March 8, 2025 | Rhyming History: The 1990s Dot-Com Bubble

After World War II, the US and its allies were worried about staying in touch during a nuclear war. So they (I’m vastly over-simplifying here) created networking protocols and tools that eventually became the Internet. At first, these links were limited to scientists and the military. But as the tech was refined, it became clear […]

March 8, 2025 | Top Ukrainian Journalist Calls for Assassination of Trump

  Even the NY Times is starting to report that Ukrainian media paints a winning image of their war to kill every Russian on the planet. This is Karp;iak’s TV show which spurts out nothing but Ukrainian lies and propaganda. This is a war no different than World War II, when the Ukrainians were engaged […]

March 8, 2025 | This Week in Money

• Ross Clark: Stock Markets, Gold, Oil, USD, Canadian Dollar.  Special Offer! 25% Off New Annual Subscriptions!
• Marc Faber:  (13:32) Trump, Tariffs, Trade, USD, Gold
• Robert Campbell:  (46:43) US Real Estate, Mental and Physical Health

March 8, 2025 | Tech Talk for Saturday March 8th 2025

The Bottom Line Seasonal weakness in U.S. equity markets continues: Analysts continue to lower earnings estimates for large cap U.S. companies. A possible temporary shutdown of U.S. government finances looms prior to expiry of the debt ceiling on March 14th. Seasonal influences historically have bottomed in the second half of March. Technical signs of a […]

March 7, 2025 | About That: Canadian Debt and Defaults

Despite cooling inflation, a falling interest rate and steady employment numbers, more and more Canadians are missing payments on their loans and mortgages. Andrew Chang explains what’s going on. Here is a direct video link.  Also worthwhile, see Can the US Auto Industry Survive without Canada? President Donald Trump says he wants every car sold in the […]

March 7, 2025 | President Trump is Demanding More Defense Spending from NATO Countries

President Trump mused recently that NATO members should be spending 5 percent of their GDP on defense. This new goal is a large increase from the current target of 2 percent of GDP. Trump has also claimed that NATO member countries have failed to pay their dues to NATO. But countries do not “pay money […]

March 7, 2025 | Will Gold Hold Value if Markets Crash?

How Gold Juniors can be big winners

March 7, 2025 | Death Threats, Revolution, Cancer Cures

Ukraine, Greenland, Canada – 51st State

March 6, 2025 | The JFK Files Released

https://www.archives.gov/research/jfk  

March 6, 2025 | Germany Chooses Inflation. Bond Investors Say “No Thanks”

Germans are known for their aversion to monetary instability, with good reason. They were victims of an epic hyperinflation in the 1920s, and don’t want to go back there. See: Rhyming History: Weimar Germany’s Hyperinflation. Now fast forward to the 2010s, when Germany was widely seen as both the best-run major country and the financial bedrock of […]

March 6, 2025 | Hoisington Q4 2024 Review and Outlook

Well before the rising layoffs and economic disruptions in the first quarter of 2025, the global economy was registering a recessionary rise in unemployment and excess capacity, along with an accelerating decline in world dollar liquidity (WDL).  Hoisington’s Q4 2024 Review and Outlook explains the historical significance of these key indicators. Here’s a taste: Factories across the […]

March 6, 2025 | US “Crypto-Reserve” 

US Stock Market correction? Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

March 6, 2025 | Could Capital Be Fleeing the US?

Are Gold and Silver still good bets if recession hits?

March 6, 2025 | US Policies Driving Country Towards Recession

Forget about profits, just try to hold onto what you have.

March 5, 2025 | Hungary and Slovakia to Vote Against Ukrainian Aid Package

  The war in Ukraine has disproportionately hurt Hungary and Slovakia. To add insult to injury, Zelensky declined to renew a gas line deal that was providing the two European nations with essential energy. Hungarian Prime Minister Viktor Orban and Slovakia’s Prime Minister Robert Fico have once again broken ties with the European Union and […]

March 5, 2025 | Significant Decline in Crude Oil has Triggered a New Buy Signal

President Trump teased the markets last week with misdirection of when he planned to put on his tariffs. He mentioned early April to add stiff tariffs to China, Mexico and Canada and then the next day changed again. We hit all three on Monday March 3rd with various high tariffs. This shocked the stock markets […]

March 5, 2025 | Tit for Tariff Policies Weigh Heavy by Design

Economic conditions today are more fragile than in March 2018 when Trump 1.0 signed a memorandum instructing the United States Trade Representative (USTR) to apply relatively modest tariffs of $50 billion on Chinese goods. As RBC chief economist Frances Donald points out: “In 2018-19, tariff policies raised the average import duty from 1.5% to approximately 3%. As […]