Copper. When most people picture it, they imagine pennies, old pipes, wire spools sitting in a hardware store. Unglamorous. Industrial. Boring, even. But on Wall Street, copper has a nickname - Dr. Copper. It’s the metal with a PhD in economics. ...

A few weeks ago, I wrote about some of the headlines coming out of the U.S.–Greenland saga. And I got a number of subscribers writing back asking for more. So I thought - while the media is consumed with everything else happening right now - why not ...

Software-as-a-Service (SaaS) stocks have been brutalized in recent weeks. To get you up to speed - an aggressive wave of new AI automation tools - led by companies like Anthropic (Claude) – have absolutely pushed its way into areas once dominated by ...

Since late 2024, I’ve had a theory. One grounded in history, economics, and geopolitics. If President Trump were serious about trying to revitalize U.S. manufacturing, shrink the trade deficit, and boost exports, the strategy wouldn’t stop at ...

The U.S. economy may be at greater risk of overheating than slowing, despite weak labor data and persistent recession fears. • Rapid money supply growth (M2) is returning as bank lending accelerates and liquidity builds, even after a period of ...

The Fed has reversed course, expanding its balance sheet by roughly $105 billion since early December - the largest increase since the 2023 regional banking crisis. More liquidity is back in play, a change that historically has coincided with easier ...

After years on the sidelines, U.S. banks are flexing their muscles by lending aggressively again as regulations ease - expanding loan books at the fastest pace since the 2008 financial crisis. Why it matters: For more than a decade after 2008, banks ...

As the year winds down and we’re about to slide into 2026, I wanted to do something a little different with this Morning Pour. . . Instead of chasing the latest headline, I went back and revisited the FIVE most read Morning Pours that mattered most ...

Even With Cuts, The Fed Is Braking into a Slowdown: R-Star, Output Gaps, and a Return of QE Real interest rates are sitting above the economy’s natural pace just as growth slips below potential, a late-cycle setup that historically forces the Fed ...

The world is watching Washington and Beijing trade blows again. You know the kind I’m talking about - tariffs, export controls, and threats. All the familiar noise. How did we get back to this? Well, last week, China quietly expanded export controls ...

Is the job market falling apart? I don’t ask that lightly. Because this week’s labor revisions were far uglier than anyone expected. Yet the mainstream media seems surprised, as if this weakness just appeared. But it didn’t. I’ve been saying for ...

For the last 20 months, I’ve dragged you through the swamps of student loans, auto loans, corporate debt, margin debt, and government debt. But it hit me - maybe I never really explained the beast itself. I’m talking about the debt cycle. See, debt ...

With headlines warning of “record deficits” and “unsustainable debt,” it’s easy to tune it all out. But now the noise is getting louder. President Trump has signed the One Big Beautiful Bill Act (OBBBA) - a sweeping deficit-financed package with ...

It’s been a busy week. U.S. trade envoys met with their Chinese counterparts in Switzerland, and both sides made significant concessions: The U.S. slashed tariffs on Chinese imports from 145% to 30%. Tariffs on Chinese packages under $800 dropped ...

For years, it was a winning formula for foreign institutions: • Convert to U.S. dollars • Buy U.S. stocks and bonds • Watch them outperform the rest of the world And as the U.S. dollar rose, returns were amplified even further. From money managers ...

On Monday, January 20th, Donald Trump was sworn back into office. And love him or hate him, he’s wasting no time shaking things up. Exiting Global Agreements – Pulled the U.S. from the Paris Climate Agreement and WHO, reshaping climate and public ...

Have you ever heard of the Impossible Trinity? Don’t worry if you haven’t - it’s one of those hidden rules in economics that rarely gets talked about. But don’t let that dissuade you, because it shapes the global economy in a big way, especially ...

Over the last few months, I’ve tackled the de-dollarization buzz surrounding the U.S. dollar. And my question remains: Sure, the U.S. dollar might not be spotless - like a shirt with a stain in a basket of laundry. But isn’t it still the cleanest ...

Back in March, I wrote about the pandemic-era savings glut and why it was premature to discuss an impending recession as long as it remained. But have no doubt, that massive $2.1-to-2.3 trillion build-up in consumer savings post-2020 is vanishing. ...

The oil price has taken a beating over the last year. Brent crude oil – used to set the price of about two-thirds of the world’s internationally traded oil supply – hit a cycle peak of $122 per barrel in June 2022. And is now $76. That’s a roughly ...