May 23, 2025 | Is it Time for Trump to Back Off on Tariffs?

Bond markets causing unease.

May 23, 2025 | Is Global Warming Just Another Establishment Scam?

“Global warming” has been a thing ever since “global cooling” went out of style in the 1980s. But two recent developments make it worth a closer look. Most other Establishment narratives, from vaccines to Ukraine to Biden’s health to Trump/Russia collusion, have failed catastrophically over the past decade. Some very dangerous-sounding geo-engineering schemes are being […]

May 22, 2025 | Yes, You Can Lose Money in Real Estate

In the ‘easy-money’ ultra-low rate era, there was a lot of demand from secondary property owners for recreation or renting to others. Most were over the age of 50. An increasing number will look to sell to lower overhead/upkeep and free up cash flow in retirement. The good news is that this will continue to […]

May 22, 2025 | Wall Street Could Continue Sell Off

Bitcoin

May 21, 2025 | Crude Oil Rises On Concerns Israel May Attack Iran’s Nuclear Facilities. Does The US Hold Them Back?

US stocks are weaker today as US yields rise and contain stock prices. The 10-Year US Treasury yield is now at 4.54% (high for 2025 4.57%). The 30-year US Treasury is at 5.02% (high for 2025 5.04%). If these rates are exceeded and foreign buyers of the large funding needed to cover the rising US […]

May 20, 2025 | Recession Watch: Unsustainable Interest Rates And falling Credit Scores

This week, Moody’s, the last bond rating agency that still gave the US a perfect score, joined its peers by cutting Treasury bonds from Aaa to Aa1. To which you might respond, “Duh. How can a country with a debt-to-GDP of 124% be an investment-grade credit at all, let alone AAA? You’d be right, of course. […]

May 20, 2025 | Nordic Countries Lead Cashless Revolution

  Nordic nations have been leading the cashless society revolution. Masked as a manner of efficiency, digital transactions are not demanded by governments globally as they seek to rake in all money off the grid for taxation purposes. Sweden is nearly a cashless society, with less than 2% of transactions occurring in physical currency as […]

May 19, 2025 | Moody’s US Downgrade AAA to AA1

  Moody’s Investor Service downgraded the United States’ credit rating from a top-tier rating of AAA to AA1 due to rising government debt. Fitch Ratings lowered the US debt in August 2023 for the same reason in August 2023, and while Moody’s did not officially act at the time the agency warned that the US […]

May 18, 2025 | Time for a Little Skepticism

I’ve supported Trump since his first term, but my hopes for his success peaked a month ago when a panic-induced plunge in the S&P 500 reversed almost precisely from a 4820 target I’d sent out to subscribers. I saw this as the surprisingly quick end to a bear market that had only just begun in […]

May 17, 2025 | Trading Desk Notes for May 17, 2025

Global stock markets continue to bounce back from their April lows Given that the April 7 lows were created by extraordinary tit-for-tat tariff increases between the USA and China, the “much better than expected” meeting between the two countries last weekend inspired a gap-higher opening this week, especially in tech issues. The S&P closed this […]

May 17, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Uranium.
• Victor Adair: (12:29) Stock Markets, Volatile Markets, Energy, Oil and Gas.
• Mark Leibovit: (39:30)  Full Moon, Bitcoin, Tesla, Alberta Separation.
• Robert Campbell: (1:30:14) US Real Estate, Mortgage Rates and Inflation.

May 16, 2025 | The U.S. Stock Market Needs Magnificent Seven Leadership

A group of seven leading companies — the Magnificent Seven known as Mag 7 — which has led the U.S. stock market for several years was lagging the market by a large margin in 2025, until the recently announced 90-day partial reprieve on tariffs on Chinese imports. Making up one-third of the value of the […]

May 16, 2025 | The Negative Side of Lower Interest Rates

China now Canada’s biggest crude oil customer

May 15, 2025 | France Proposes 500% Tariff on Russian Oil

The European Union recently implemented its 17th round of sanctions against Russia, in case the first 16 were insufficient. Jean-Noël Barrot, France’s Minister for Europe and Foreign Affairs, would like to take a harsher approach by placing a 500% tariff on anyone purchasing Russian oil. “We must move forward because the current sanctions have not convinced Vladimir […]

May 15, 2025 | Still Room For Gold To Climb Higher

Junior Miners

May 14, 2025 | President Trump’s 90-Day Reprieve On Punitive Tariffs Bounces Stocks & Crude Prices … Temporarily

Summary: US stocks and crude oil prices have lifted on the pause in the tariff war with the US and China lowering tariffs against each other to reasonable levels and starting negotiations for long term fixes. WTI has lifted from US$56/b to US$64/b as fear of global recession seceded. Tariffs have been lowered to 30% […]

May 13, 2025 | Alberta to Separate from Canada?

I am back from my trip to Alberta, Canada. They will separate, and currently the polls show 40% want to leave. I also stopped by to visit the facility of SilverGoldBull operation in Calgary. This is me holding a 400-ounce bar of gold – central bank standard. I was very impressed with their operation. I was given […]

May 13, 2025 | Canadian Unemployment Looking Even More Recessionary

The Canadian unemployment rate rose to 6.9% in April (from 6.7% in March). Outside of the 2020 COVID shutdown, this was the highest level since January 2017 and up 210 basis points from the July 2022 cycle low of 4.8%. This is a warning sign: in past cycles since 1953, we have been six months […]

May 12, 2025 | Housing Downturn Accelerates in April

TRREB is Canada’s biggest real estate board, covering the Greater Toronto Area (area codes 416 and 905, as shown below), which has the largest population concentration in Canada. TRREB just posted April numbers (here); year over year, single-family home sales were down 22%, and condo sales were down 30%. An hour or so in each […]

May 11, 2025 | Trump Magic Losing Its Hold on Investors

[The S&Ps are losing steam after recouping two-thirds of their 1400-point loss in March/April. The stall near 5700 has left them hovering in the danger zone, just like the U.S. economy. Will it skirt recession? I have my doubts, even if price action on the S&P chart on April 7 led me to speculate that […]

May 10, 2025 | Trading Desk Notes for May 10, 2025

Is a long-term rotation out of US assets beginning? The S&P hit all-time highs in February (Trump’s new Golden Era would be American exceptionalism on steroids), then trended lower into early April, down ~9%. Following “Liberation Day” and subsequent “tariff bluster” (which led to tariffs on China of 145%), the S&P plunged to 15-month lows on April […]

May 10, 2025 | This Week in Money

• Ross Clark:  Stock Markets, Gold, Oil, USD, Canadian Dollar, Uranium.
• Eric Hadik:  (9:20) Stock Market Cycles, Gold, Silver, Bitcoin, USD, Interest Rates.
• Martin Straith:  (52:51) US UK Trade Agreement, Trade Wars, Tariffs, Bitcoin, Decentralized Finance.  Special Offer!
• Hilliard MacBeth:  (1:28:36) Canadian Real Estate, Alberta Real Estate Crash.

May 9, 2025 | Warren Buffett Announces His Retirement

On Saturday, May 3 at a meeting with Berkshire Hathaway shareholders, Warren Buffett shocked the investing world in announcing his retirement as Chief Executive Officer at the end of 2025. Buffett will stay on as Chairman of the board and his replacement will be Edmonton native and current manager of Berkshire’s non-insurance businesses, Greg Abel. […]

May 9, 2025 | Falling Oil Prices Indicate Recession Coming

Alberta to use separatist threats to get more out of Ottawa