Weekly Commentary: 2025 Year In Review
At the end of a historic super cycle, it’s either Bubble bursts or Bubble excess that goes to even crazier extremes. Crazier extremes owned 2025 – at home and abroad.
Canada Breaks With The U.S., Cuts Tariffs On Some Chinese EVs
Congrats to Trump for moving Canada and China closer together.
Week Ahead: Dollar's Upside Correction Since Around Christmas May Be In The Final Phase
The U.S. dollar mostly consolidated against the G10 currencies last week
We’re Paying The Tariffs
Non-fuel import prices rose 0.1% for the month and 0.7% over the last year. It doesn’t look like exporters are eating the tariffs.
Government Sponsored Enterprises QE
The real solution to the affordability crisis and frozen real estate market is to allow interest rates to rise, which will cause home values to fall more in line with incomes.