Ghost

Not sure if this was posted elsewhere, but this is a fantastic speech given by Mr. Poilievre.

In Canada, being “poor” can look a bit different than people expect. Sometimes it just means living off cheap carbs, hanging out in front of that big TV you bought on sale at Costco, driving a leased car because the dealership only needed a signature and a heartbeat, and holding onto a newer iPhone because without it you basically can’t bank, work, or survive the daily chaos of life. It’s a weird mix of having decent gadgets but also feeling like one unexpected bill could knock everything over. Meanwhile, poverty in other parts of the world is a whole different story. There are places where getting a stray Wi-Fi signal from the next village feels like winning the lottery, and you celebrate because it loads half an email before disappearing again. Out there, the “luxury items” aren’t electronics—they’re things like having electricity all day or owning a goat.

Sanjeev, I am not much of a Trump supporter but in a mere 8 months as you have stated. Trump secured the border Trump has been removing illegals. He past his big beautiful bill, (cut taxes) which as an investor we will reap the rewards for years, because all asset prices should trend up He has finally gotten his allies to start spending on Defense. I would say on some of the big pieces, Cut Taxes, Military, Secure the border, he has been doing pretty well and I don't even like Trump. Not even Uncle Warren has a perfect batting average. Since you are Canadian and likely a fan of Mark Carney, besides cutting the carbon tax, what the heck has he done?

A couple posters have on more than one occasion challenged data coming from the US federal government. May I ask what sources you are leveraging to get at the real numbers? Would you mind sharing what the true jobs numbers are. Thank you.

How is this tough on crime? One of the worst convicted child predator's getting a nice cushy digs. https://www.foxnews.com/us/jeffrey-epstein-accomplice-ghislaine-maxwell-moved-new-prison-amid-fight-over-answers-immunity

Bond rates going up and up... Mr. Trump is losing the trade war, he just doesn't know it yet....Time to go long stocks?

This sums it up well enough. https://deanblundell.substack.com/p/carneys-checkmate-how-canadas-quiet How Treasury Bonds Work and Why a Global Sell-Off Could Tank the U.S. What Are Treasury Bonds? They’re IOUs the U.S. government issues to borrow money. Countries, banks, and investors buy them, lending cash to the U.S. The U.S. promises to pay back the loan with interest over time (e.g., 10 years). Who Owns Them? Foreign countries hold $8.5 trillion of U.S. debt (as of 2025). Big players: Japan ($1 trillion+), Canada ($350 billion), EU nations ($1.5 trillion combined). They buy bonds to park money safely and earn steady interest. How Do They Affect the U.S.? The U.S. uses this borrowed cash to fund everything—military, Social Security, tax cuts. Cheap borrowing keeps the economy humming; the government spends more than it collects in taxes. What Happens in a Coordinated Sell-Off? If countries like Canada, Japan, and the EU start selling bonds together (even slowly): Flood of Bonds: Too many bonds hit the market at once. Prices Drop: More supply than demand pushes bond prices down. Interest Rates Spike: When bond prices fall, yields (interest rates) rise to attract buyers. Why Does This Hurt the U.S.? Borrowing Gets Expensive: Higher interest rates mean the U.S. pays more to borrow. Debt Snowballs: The U.S. owes $34 trillion already; pricier loans make it harder to manage. Dollar Weakens: Selling bonds means dumping dollars, so the currency’s value drops. How Does This Cause a Depression? Spending Dries Up: Government cuts back as borrowing costs soar—fewer jobs, less aid. Businesses Tank: Higher rates choke loans; companies can’t expand or hire. Imports Cost More: A weaker dollar makes foreign goods (oil, tech) pricier, jacking up inflation. Markets Crash: Panic hits stocks and banks as confidence in U.S. debt fades. The Domino Effect: Jobs vanish, prices spike, savings erode—classic depression triggers. A slow, coordinated sell-off isn’t a bluff; it’s a quiet gut punch that would take the US YEARS to recover from.

20 YR just went over 5%. Mr. Trump is losing the trade war...he just doesn't know it yet.

tldr: Japan, EU, Canada sold USA treasury's...that is some high level moves....if it is true. https://deanblundell.substack.com/p/carneys-checkmate-how-canadas-quiet

WHAATT!!!. That has to be the biggest unexpected comment ever.. Cubsfan supported Obama and Clinton and hated Trump...hot damn...didn't see that coming. Well done Cubsfan for being open minded. As I have said before I don't agree with many of Mr. Trump's policies, but he is getting a heck of a lot done in just a few months (for better or worse)

Cubsfan, I genuinely admire you devotion to Mr. Trump. Mr. Trump has been an employer his entire life, no one would accuse him of giving a fig about his employees (also know as middle class) I thank Mr. Trump for making the market cheap again, giving all of us an opportunity to make some profits.

Mr. Trump: “I think it’s going very well.” after Mr. Trump looks at his short portfolio He should hit the 100B dollar club by the end of his term.

The market has spoken of what it thinks of the Tariffs.

Being the President of the USA is one of if not the most powerful person in the world? He is the President for power...come on now. If I am not mistaken he wants another term.

Cubsfan..I gotta ask you don't actually believe Mr. Trump gives a Fig about the middle or working class do you? Come on...all Mr. Trump has cared about his entire life is power and wealth...he wants to be the most powerful, wealthiest man on planet earth. If he can pull off another term, that goal should be a lock.

I posted this in another thread...but... An oldie from Mr. Munger. "The big money is not in the buying or selling, but in the waiting." Looking at FFH, NKE, M, BRK.B, NVO, OXY (below 40), LULU...and more.

Why not wait Sanjeev? Some reason I thought you were more cash than 50%, posts about lots of dry powder. Maybe it is your tax sheltered accounts I was thinking of.

Yall buying anything today? I figure all the earnings forecast will need to redone.

The Americans elected a left wing socialist nut case as your President. Exhibit 1: Peace not War. That is some serious 70s hippie stuff..wanting to make peace with the Russians. He even has Elon looking at ways to cut spending in the military. Exhibit 2: He just raised taxes (also known as Tariffs for the layman) by I am guessing more than 10%. Exhibit 3: The employer class (CEOs, and business leaders) are screaming at Trump, tariff wars are a bad idea. Exhibit 4: The stock market, just took a dump.

I can honestly say...some of you on this board, lead or are leading a very interesting life....fantastic story

It was the last line that really stood out. "...Would need a policy by policy breakdown to highlight differences". Calling oneself a conservative today, may not align with what current conservative politicians are pushing and that goes for many left parties as well. Much better to have an opinion on policy and pick which party aligns with one's beliefs. It is time to evaluate WHAT politicians do...not what politicians say they do. I am not sure which country you are in Sweet...but in Canada, the last time the Federal budget was balanced was under a Liberal government...(I know shocking) There are things I agree and disagree with Mr. Trump...one I do agree with taking a sledge hammer to the Federal government is the only way to get things done, a scalpel takes too long.

Conservative...what does that even mean today?

I agree...I really do enjoy Cubsfan trolling...he usually has a theme for the day...today is Canada not paying NATO bills...

Sweet, Mark Carney (current PM) was asked to be the finance minister....of get this a conservative government back in 2012. The PM at the time was Stephen Harper, mentor to Poilievre. I am beginning to understand that being a Republican's is part of one's identity, but consider this...Trump used to support democrats, Elon used to support democrats...neither of those guys actually care about ideology. I wise ole man told me a long time ago...Politicians are like diapers...eventually they get dirty and need to be changed. Left/Right/Republican/Democrat, they are all the same.

Since there was some Canadian posts earlier. Canada's new PM (Mark Carney): Graduate from Harvard and Oxford, worked at Goldman Sachs and Governor of the banks of Canada and England. vs. The opposition guy (Pierre Poilievre) : Career politician. And supports of the right...think Pierre is the right choice? How does that work exactly? Cheers