Juggling Dynamite

Mind the hype, always…

Utilities analysts are having a moment as the energy sector gets a boost from AI. With an extra 94 gigawatts forecast to be needed by 2030 to power all these data centers, energy investment has become a hot play as investors take a “picks and shovels” approach. But one long-time utilities analyst says that — from a utilities perspective — we’re already set to overbuild capacity by twice as much is needed. Andy DeVries, head of investment grade credit and head of utilities and power at CreditSights, talks to us about the math behind his infrastructure overbuild analysis, who’s been making money (so far) from the data center boom, and what we already see playing out in the credit markets. Here is a direct video link.

The content of this discussion is clear-eyed and important. Each of us must decide how to allocate our savings given the circumstances we are living through. Mindless following can appear to be progress until suddenly the bill comes due.

Has the rally in silver gone so far now that the metal’s price action is actually behaving like a meme stock? Or is there something more fundamental and deeply disturbing behind what precious metals are doing? Maybe we should consider how it isn’t a loss of faith in the dollar as so many people wrongly claim which is propelling both gold and silver right now, what if it is the growing mistrust in how the entire world works and fits together. Or used to. Here is a direct video link.

Housing mean reversion is hurting jobs and economic activity.

A building industry association says 100-thousand jobs in construction and related sectors are at risk. As Alan Carter reports, the housing downturn could erase $20 billion for Ontario’s economy. Here is a direct video link.

Home markets are floundering in many US cities, too.

The US National Association of Realtors just reported the worst pending sales figure for December history, down 9.3% month over month and 30% from pre-pandemic norms. We could be on the precipice of a massive shift in the housing market in 2026 and if you’re a buyer or investor now is the time get prepared. Here is a direct video link.