Gold didn't just break out — it jumped the guardrails. Blasting past $4,600, the move looks less like a trader's dream and more like the market quietly taping a warning label onto the global economy. That's the read from Peter Schiff, who argues this rally isn't about inflation jitters or technical momentum. It's about something more uncomfortable: a growing loss of confidence in the system holding everything else together.This Isn't A Hedge Rally — It's A Confidence OneIn normal cycles, gold, as tracked by ...

When Italy’s Giorgia Meloni took the job of prime minister in 2022, the country wasn’t in good shape. But since then, the economy has bounced back in ways that few outsiders would have expected. Now the country looks healthier than either Germany or France, the two largest economies in the European Union. In 2022, Italy’s deficit was 8.1% of GDP, according to Trading Economics. Unemployment in December 2022 was 7.9%, and inflation exceeded 12%."Italy was living through a social and economic crisis created b ...

Japan plans to increase its issuance of short-term debt to help finance Prime Minister Sanae Takaichi’s economic package, a move that comes as markets grow uneasy about fiscal discipline and upward pressure on super-long yields https://t.co/iTMnz53RAg ...

Fiscal Policy - Thailand plans to reduce government borrowing by approximately 8% starting in October [1] - The reduction aims to maintain fiscal discipline as public debt nears the legal limit [1]

Investment Decisions - Fidelity and Pinebridge are considering investments in Indonesian bonds [1] - The decision hinges on Indonesia's fiscal discipline [1] Fiscal Policy - Indonesia's new finance minister has committed to maintaining the budget deficit within the legal limit of 3% of GDP [1]

Market Trends - Long-dated bonds are experiencing renewed selling pressure [1] - Investors are increasingly worried about governments' fiscal discipline [1] - Sticky inflation is contributing to the selling pressure on long-dated bonds [1]

Core Insights - Pineapple Financial reported reduced losses and improved cash flow for Q3 Fiscal 2025, indicating sustainable growth in a shifting market [1][2] - The company emphasized fiscal discipline, innovation, and responsible growth amidst market uncertainties [2] Financial Performance - Gross Billings reached $14.23 million, a 15.23% increase from $12.35 million in the same period last year [7] - Revenue rose 11.78% to $2.26 million, compared to $1.97 million in 2024 [7] - Operating Expenses declined 3.48% to $4.25 million, down from $4.42 million last year [7] - Operating Loss narrowed by 16.76% to $1.99 million, compared to $2.45 million in the prior year [7] - Net Cash Used in Operations improved significantly to $439,198, from $1.44 million in the same period last year [7] - Cash on Hand stood at $1.13 million as of May 31, 2025, compared to $580,356 at August 31, 2024 [7] Strategic Developments - On June 26, 2025, the Board approved a 1-for-20 reverse stock split to support NYSE American relisting requirements [8] - The company maintains access to a $15 million Equity Line of Credit, supporting future liquidity needs [8] - Pineapple enhanced its proprietary PineappleONE platform, now powering over 700 brokers across Canada [9] Market Context - The Canadian mortgage market remains resilient, with over $2 trillion in outstanding residential mortgage credit as of Q2 2025 [11] - Over $400 billion in Canadian mortgages are set to renew by 2026, creating significant opportunities for tech-enabled providers [10]

Economic Performance & Growth - The UK is on course for an anemic growth of approximately 1% [4] - Labour Party aimed to boost growth to fund projects like improving public services, but growth has not materialized [8] Fiscal Policy & Challenges - Chancellor Rachel Reeves reaffirmed commitment to fiscal discipline and balancing the budget, ruling out increased borrowing [1][9] - Government's room for maneuver on the economy is limited [8] - Public sector cuts, including welfare reform, have proven difficult [9] - Tax rises are the last resort for the Labour government [10] Trade & International Relations - Britain has signed three important trade deals with India, the European Union, and the United States [6] - Britain has been the only country so far to mitigate some of the tariffs imposed by President Trump [6] Political Challenges & Policy - The Labour Party faced a forced U-turn on welfare reform, indicating challenges in implementing its agenda [7] - Planning reforms and infrastructure projects have been greenlit, with the hope of achieving longer-term growth [3] - The budget unveiled in the autumn hit businesses hard, leading to a lack of investment and job creation [4]