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Ripple Effect

G’Head Vote For The Socialist… Then Watch Your Wallet

Addison WigginAddison Wiggin

June 25, 2025 • 1 minute, 8 second read


socialism

G’Head Vote For The Socialist… Then Watch Your Wallet

The people of New York City went to the polls yesterday, picking the upstart do-gooder Zohran Mamdani, a 33-year-old immigrant, to be the city’s next mayor.

Mamandi ran as a full-throated socialist with retread policies like freezing rents and government-run grocery stores… because, well, those kinds of policies worked so well in the Soviet Union, to name one historic place to mandate them. 

Guess what happened after voters checked the box for Mamdani? They fired up Google to search the term “socialism”:

As Nancy Pelosi once quipped about Obamacare, “We have to pass the bill to see what’s in it.” (Yes, she really did say that.)

This is a fair warning to the people of New York City: when you vote on “the vibe” rather than common sense, bad results are likely. 

Mamdani still faces the general election. Historically, Democrats have a significant advantage in the Five Boros. But on occasion, Republicans win – think Rudy Giuliani and Mike Bloomberg. 

Still, even in the mayoral race, Mamdani was running against the “fascist” Donald Trump.

“Fascism” – another buzzword hyped up nationwide by AOC and Bernie Sanders – is sure to send people to Google search, too. 

Our forecast: People and smart money will continue to leave New York. Those on the receiving end, such as Texas, home to the New York Stock Exchange’s latest location, will benefit.

~ Addison


Copper’s Clear Signal

August 17, 2026 • Addison Wiggin

Copper and resources are sending us a cleaner market signal than AI stocks.

Channeling Ludwig von Mises, we observe this morning that price is not just a number; it’s information. Price reflects what buyers and sellers collectively believe: demand, scarcity, fear, speculation, disappointment, future expectations and available supply.

When prices rise, and inventories fall at the same time, the message is usually straightforward: buyers need the stuff, and there is not enough of it.

Copper’s Clear Signal
Market Crash Insurance Is Cheap

August 14, 2026 • Addison Wiggin

A low VIX does not predict disaster. It measures complacency. A serial skeptic will read it as the calm before a storm. We shook off that feeling this morning and opted to pursue an opportunity instead.

Here goes:

A VIX reading below 15 means the market is not pricing in much near-term trouble, even though there are obvious risks still sitting in the room: Iran, oil prices, memory chip speculation, circular financing, high valuations, epic high concentrations, spiking long-term interest rates, a regime change at the Fed, a meltdown in Japan and a historic deficit and rising national debt.

Market Crash Insurance Is Cheap
Beware: Financial Innovation In AI

August 13, 2026 • Addison Wiggin

Money is not flowing in a clean, straight line from outside investors to productive businesses. The firms at the top are investing in and buying from each other.

Microsoft and OpenAI are the easiest examples to follow.

Microsoft says OpenAI has contracted to purchase an additional $250 billion in Azure services, while Microsoft continues to account for $13 billion in funding commitments to OpenAI as an investment.

Beware: Financial Innovation In AI
Signs of a Late-Stage Bull Market

August 12, 2026 • Addison Wiggin

At this stage, it’s a stock picker’s market.

We expect space, robotics and some more visible tech startups to remain sources of speculation. After weakness in the first half of 2026, we’re also due for a strong rotation of capital into natural resources, precious metals, critical minerals and energy.

Signs of a Late-Stage Bull Market