September 19, 2025 | Coffee Prices on the Rise

Coffee prices are the latest grocery item troubling American consumers. The United States is the world’s largest importer of coffee, but produces less than 0.1% of all coffee for domestic consumption, importing over $8.2 billion (1.6 metric tons) of coffee last year alone. The average retail price of coffee spiked 21% in the past year, […]

September 19, 2025 | Powell Only Has Bad and Worse Options

Powell’s Quandary: Bad and Worse Options Chair Jerome Powell of the U.S. Federal Reserve admits he is in a bind: the economy is flashing both weak job numbers and rising inflation. What’s a Fed to do? This week the Fed trimmed its policy rate by 25 basis points to 4.125 percent — still about 1.4 […]

September 19, 2025 | Lower Interest Rates Predict Bad Times Ahead

Is Gold still a good bet?

September 18, 2025 | Fed Rate Cuts – All About Jobs

The Federal Open Market Committee voted to lower rates by 25 bps at the September meeting, citing “that downside risks to employment have risen.” I reported in December 2024 that the computer had forecast a decline in employment during the incoming Trump Administration. Based on the most recent data, the unemployment rate stands at 4.1%, […]

September 18, 2025 | Is Charlie Kirk Alive?

AI, RFK Jr., EU, Silver, Flouride

September 18, 2025 | Should You Buy Bitcoin Dips?

Stock Markets already anticipated interest rate cut

September 18, 2025 | Why Fed Rate Cut NOT Good News

Gold, crypto, housing – nothing safe from bubble of everything.

September 17, 2025 | A National Divorce

Rep. Marjorie Taylor Greene voiced a harsh truth: America is a divided nation. These differences appear irreconcilable, and Greene is proposing “a peaceful national divorce.” Which state will file the papers first? The computer system warned long ago that the United States would not remain as one country indefinitely. The cycle of political disintegration is […]

September 16, 2025 | Stock Owners Have Learned To Love The Bomb

Since 1950, the S&P 500 index has averaged a 5-year annualized earnings growth rate of 7%. Today, S&P 500 pricing assumes a forward 5-year annualized earnings growth rate of 15% (Rosenberg Research). Leveraging this extraordinary optimism, the S&P 500 is trading at more than 23x 5-year forward earnings expectations, some 28% above the longer-term historical […]

September 15, 2025 | Cushioning the Downfall

Happy Monday Morning! As we discussed in our note last week, the economy is contracting and job losses are mounting, and so it’s chopping Time Again. The Bank of Canada is on deck with markets pricing in nearly 80% odds of a 25bps rate cut. According to BMO, there could be more coming. “We see […]

September 14, 2025 | Images, Words & Narratives Matter

“There are decades where nothing happens; and there are weeks where decades happen.” ― Vladimir Ilyich Lenin     “What we’ve got here is… failure to communicate. Some men you just can’t reach. So you get what we had here last week, which is the way he wants it… well, he gets it. I don’t […]

September 13, 2025 | Trading Desk Notes for September 13, 2025

The highest conviction trade in the world The highest conviction trade in the world is that the Fed will cut short-term rates by 25 basis points next week as it begins an easing cycle that will take interest rates down ~100 basis points by early 2026, and perhaps by ~150 basis points by late 2026. The […]

September 13, 2025 | This Week in Money

• Ross Clark: Stock Markets, Stagflation, Gold, Silver, Oil, USD, Canadian Dollar.
• Victor Adair:  (9:42) Interest Rates, Inflation, USD, Canadian Dollar, Bonds, Copper, Oil, Technical Trading.
• Hilliard MacBeth: (50:08)  Canadian Real Estate, Stock Markets, Unemployment, Gold, Junior Miners, Tariffs, Alberta Independence.

September 12, 2025 | Health Prepping: Big Pharma Gets What It Deserves

Alternative health guru Sayer Ji just published a small book’s worth of dirt on some manifestly evil companies. If he’s right — and generally speaking, I think he is — we’re witnessing poetic justice on a global scale. Here’s a tiny excerpt of the much longer post: Are We Witnessing Big Pharma’s Accelerating Collapse? Layoffs, Lawsuits, […]

September 12, 2025 | Bank Mortgage Lending Created The Canadian Housing Bubble

Substantial acceleration in bank mortgage lending for residential real estate was essential in creating the Canadian housing bubble. Now that the housing bubble is bursting new mortgage lending could slow or even decline. If the rate of increase in new mortgage debt slows sharply home prices will drop leading to a crash in the housing […]

September 12, 2025 | T-Bill Breakdown Sign of Trouble

Time to do some serious hedging

September 11, 2025 | Black Swans: What If the “Scaling Cliff” Pops the AI Bubble?

Artificial intelligence is this decade’s tech success story. And that sector’s stocks — led by the almost supernaturally powerful chip maker Nvidia — are primarily responsible for the S&P 500 and Nasdaq being at record highs. In just the past five years, nearly a trillion dollars have been thrown at AI data centers, chip plants, and model […]

September 10, 2025 | The Freedoms Lost Under the Patriot Act

The Patriot Act was drafted and pushed through with lightning speed, something that could not have been written overnight. This was the beginning of warrantless surveillance, indefinite detention, and a wholesale reversal of constitutional rights. I have said many times: governments do not waste a good crisis. They wait for the right moment to impose […]

September 10, 2025 | S&P Continues into Record Territory

Investors nervous about Fall equinox

September 9, 2025 | Repopulation is Turning the UK into a Muslim Nation

  The new Home Secretary of the United Kingdom is yet another reminder that the UK is a Muslim nation. Shabana Mahmood, a Pakistani woman, is now responsible for England and Wales’s internal affairs, including immigration, national security, and counter-terrorism measures. The issue is not that she is Muslim; rather, the issue is that open […]

September 8, 2025 | Ontario Real Estate Update

The Toronto area saw the average home price drop for the seventh consecutive year-over-year decline in August. Detached home prices, down 10%, fell more than other property types. The average sales price for all property types has dropped by more than 23 per cent in the GTA (Greater Toronto Area) since the February 2022 price […]

September 7, 2025 | From the Archives: How Inflation Is Crushing Our Kids, In 5 Charts

An important line was recently crossed, when the wealth of America’s 1% surpassed that of its entire middle class: In recognition of this milestone — and the societal turmoil it all but guarantees — here’s a post from March of 2024 that fleshes out the thesis: How Inflation Is Crushing Our Kids, In 5 Charts […]

September 6, 2025 | Housing Headaches and More

We have no scarcity of economic challenges. Price inflation is high on the list, in part because we saw so little of it for so many years. Inflation’s return in 2021–2022 brought back memories for those (ahem) who lived through the 1970s. And not the pleasant kind. None of our generation wants to see the […]

September 6, 2025 | This Week in Money

• Ross Clark: Stock Markets, S&P New Highs, Magnificent Seven Stocks.
• Rick Ackerman: (10:02) Gold, Silver, Precious Metals, Real Economic Activity, Bitcoin.
• Martin Straith: (44:31)  Impact of Tariffs, Interest Rates, Stock Markets, Trump Socialism.  Special Offer!