News

Gold prices have now gone where they’ve never gone before — eclipsing the storied $3000/oz milestone and beyond. It was not that long ago that a $3000/oz gold prediction was an outlier, considered far-fetched and unfathomable. But when we examine the factors that are driving gold, it seems far less outlandish if not logical and … Read more

U.S. consumers are in debt — more than $18 trillion worth. According to the Federal Bank of New York, household debt increased in the 4th quarter of last year by $93 billion to reach a new record high. Consumer debt is being fueled by the rising cost of living, i.e. food prices, health care expenses, … Read more

The “Trump-Bump” and economic optimism that took hold after the 2024 presidential race appears to have dissipated as Wall Street tip-toes into correction territory and post-election market gains are being wiped out by the hour. Suddenly, America finds itself in a tariff and trade war with Canada, Mexico, and China. Equities are in free fall, … Read more

U.S. consumer confidence has just seen its biggest decline in four years as Americans continue to grapple with high food prices, high interest rates, a tightening job market, and the threat of tariffs triggering a global trade war. According to Bloomberg: “US consumer confidence unexpectedly fell in January to a four-month low on less optimism about … Read more

By all accounts Wall Street is “frothy” meaning prices are inflated, bubbly and unsustainably high. In a market racked by froth, market gains become detached from fundamentals, stocks get overheated, and investors become irrationally euphoric. When the markets are pumped up by sentiment and speculation, it increases the risk of a sudden pullback or correction. … Read more

After threatening Mexico and Canada with punishing 25% tariffs and imposing U.S. levies of 10% on all Chinese products coming into the U.S., President Trump has just pulled the trigger on 25% tariffs on all steel and aluminum imports to the United States. The tariffs will apply to millions of tons of steel and aluminum … Read more

“I have visited the laid off factory workers and the communities crushed by our horrible and unfair trade deals. These are the forgotten men and women of our country and they are forgotten, but they’re not gonna be forgotten long. These are people who work hard but no longer have a voice. I am your … Read more

On Monday, January 27th a Chinese startup called DeepSeek triggered a market rout on Wall Street which resulted in massive losses. DeepSeek is an AI-powered chatbot that has demonstrated capabilities on par with OpenAI for a fraction of the cost and using significantly less energy. The Wall Street journal called its debut a “bloodbath” for … Read more

As Donald Trump ushers in an era of economic and political change in America, there has been a lot of discussion about “safe haven assets.”  These are low risk financial instruments that provide a protective shelter for wealth and capital. They tend to retain their value “come what may” and can even thrive in times … Read more

The Impact of Inflation There’s a lot of discussion about inflation “eroding purchasing power” but what does that mean? It means that money doesn’t go as far because the price of goods and services has gone up. And if wages/income don’t rise at the same rate, the daily cost of living could quickly become an … Read more