January 20, 2026 • Addison Wiggin
Trump boarded Air Force One this morning for the World Economic Forum in Davos, Switzerland. It’s been one year to the day since his second inauguration. At this year’s summit — already set to break attendance records with 65 heads of state and over 850 global CEOs — Greenland is top of the agenda.
“We’re going to do something on Greenland whether they like it or not,” Trump told reporters earlier this month.
January 20, 2026 • Addison Wiggin
Greenland sits at the confluence of North America, Europe, and the Arctic.
As the polar ice melts, new shipping lanes open between Asia and Europe — cutting weeks off traditional routes and escalating the race for Arctic dominance.
Secretary of State William H. Seward, the same Seward who bought Alaska from Russia, first advocated for purchasing Greenland in 1867. Again, in 1946, president Harry Truman made a formal, but secret, offer of $100 million in gold to Denmark which Copenhagen declined.
January 16, 2026 • Addison Wiggin
Mining stocks amplify everything. First Majestic went from losing money to 45% margins without building anything new. They just held the line on costs while silver did the heavy lifting.
That cuts both ways. If silver drops hard, margins compress just as fast. Same leverage, opposite direction.
The miners with the lowest costs and cleanest balance sheets will hold up best in a pullback and capture the most upside if the deficit keeps grinding.
January 16, 2026 • Addison Wiggin
Economists at Goldman Sachs said this morning they expect core inflation to finish the year around 2% even while GDP rises at a “surprisingly strong” 2.5% clip.
In our view, their inflation forecast is optimistic. Their GDP call? Modest.
The last time we pumped this much liquidity into the system — 2020 through 2022—the result was a manic asset bubble, runaway inflation, and an epic hangover at the Fed.
Goldman’s optimism has triggered a fresh round of bullish bets: cyclical stocks are rallying, “dispersion” in the S&P 500 is spiking, and the Fed is expected to cut interest rates twice before Jerome Powell gets kicked out of Washington at the end of his term on May 15.
