mcliu

Don’t trade surplus countries subsidize trade deficit countries since exports of real goods and services are being paid with credit?

Is it really only 3% of GDP? Isn't that only $70B or so? Isn't SU + CNQ revenue = $80B..? Yeah I agree, I think the tech sector in the US has driven a ton of growth and productivity. It's why the US is outperforming the entire world, not just Canada. That said, Canada's govt under Trudeau has been totally incompetent. We might not have caught up to the US, but we shouldn't be lagging so far behind either.

Aircraft, shipping, so many possible uses. Airplanes don't even have satellite tracking today, kind of insane right? There's probably tons of applications that we have not thought of because the enabling technology never existed. If there's data congestion, they can always put more satellites up there. There's so much space in space..

Sorry, it's more of a rhetorical question. Anyone with common sense knows what's happening in Gaza is a tragedy but not a genocide. The media is at fault for parroting Hamas figures without skepticism. Anyhow it's absurd that these Palestinian "anti-zionist" supporters are protesting in Jewish neighbourhoods in Canada as if they have any influence over Israeli policy. It sounds like Israel and Hamas are close to a ceasefire agreement. https://apnews.com/article/israel-hamas-gaza-war-ceasefire-egypt-qatar-264087c7a547031a9433ecbbdcd920d2

How is it a genocide?

Rare to see this today! All major economies are seeing debt/gdp ratios exploding higher. Surprise surprise, Palestinian health authority aka Hamas dramatically over-inflates Gaza civilians deaths.

Guessing the top is hard but things feel pretty overbought right now. Everyone and their cousins are buying/speculating on stocks and crypto. Growth companies hitting 100x PE, 50x sales. Mature companies trading at 40x, 50x earnings. Shitcoins hitting record highs. Berkshire raising record cash. On the other hand, the US is still the most attractive market and one of the only big economies with a growth mindset. Rest of the world economy is slowing and has turned to financial easing (aka money printing). Tons of capital flowing into the US.

https://nationalpost.com/news/hamas-vastly-inflated-gaza-death-statistics-study-shows

Awesome thanks! Has anyone ever used those secondary market to buy shares of private or pre-ipo companies?

This is kind interesting. Israel has been running annual budget deficit (3-7%) for the last 25 years. But because their GDP has grown so quickly. Debt to GDP has gone from ~90% of GDP to ~60%.

Is there a way to buy SpaceX shares?

Also crime. People are buying bollards for their driveways cause car theft has gotten so bad. We just don't have the budget for NATO because so much money is wasted here. CAD is breaking record lows. We don't even know what the deficit looks like for this year. Govt is bent on spending more and more. I guess that's what we should expect when the guy in charge thinks the "budget will balance itself".

Ontario. Are you in Quebec? I think Ontario's in a bigger mess than most of the country because most newcomers end up here.

If any election happens today it would be a Conservative majority but anything can happen between now and the election in Oct. We don’t have an illegal immigration problem. Our govt deliberately blew up the immigration system by accepting millions of unskilled temporary workers. No there is no system to ensure they leave.

It doesn’t matter because Canada has 0 influence globally. We are neither a hard power nor a soft power. We have no power and the Middle East conflicts will play out regardless of who our PM is and how many protests there are. We should pick the best person to fix our own problems like healthcare, education, economy.

How is he still in business..? Hussman would be a great newsletter writer like Tilson.

Who do you propose should tackle this problem? Democrats? Republicans? Career politicians? The US spending problem is decades in the making by both sides.. Everyone at all levels of government wants to spend more.

Complete shit show in Canada. Palestinian protests in Jewish neighbourhoods. Protestors cosplaying as Sinwar. Plenty of Hamas supporters everywhere. Especially universities and even on this forum. But remember, they're not anti-jews. They're "anti-zionists"!

The same people that said SpaceX and Tesla were going to fail are now saying it about DOGE.

Maybe the US should focus more on the obesity problem. If Americans had the same BMI as the Japanese your life expectancy would be far better and your healthcare costs would be far less. This is not something universal healthcare can fix.

Have you tried using the healthcare system in Canada? Up to 20,000 DIE each year waiting for treatment. Probably more if tens of thousands didn't travel elsewhere for medical tourism. Millions of people don't have primary GPs. Surgery wait times are in months. Also, a lot of our best doctors go to the US to practice. Meanwhile income taxes+CPP+OAS can get up to 50-60% of income, then you pay 2% property tax on houses that are 10x household income, 13-15% sales tax.

Thanks for the article. I'm surprised there's not more focus on the # of addicts, not just deaths. It's likely millions are dysfunctional from drugs. So many personal tragedies and massively damaging to society. I think there's enough positive correlation between availability and usage that it might be good policy to crackdown instead of loosen drug supply. The goal should be to reduce addiction not to reduce deaths because less addicts will result in less deaths anyways. There are several plausible theories as to what’s happening. One is simple: there is growing evidence that the supply of fentanyl is down, and when there’s less fentanyl around, fewer people die. Data from Ohio shows deaths rose and are now falling in almost perfect lockstep with supply. My analysis of national data shows the same pattern, and I also find that just like the deaths, the dip in supply started in the east. Why would supply be down? A branch of Mexico’s Sinaloa cartel thought to have been one of the largest fentanyl suppliers has reportedly banned its production in a bid to ease pressure from law enforcement. There is some scepticism as to how real or lasting this stance will be, given the economic incentives, but for now the dip in circulation looks real.

Everyone in Canada knows Trudeau has done a shit job on the border/immigration and just about everything else. It is sad that it takes a foreign threat to get our govt to do anything other than talk talk talk. https://www.ft.com/content/7ee200fa-89a1-4058-b4cf-83a37ee6d8a9 The number of migrants caught trying to cross from Canada into the US jumped from 27,180 in 2021 to 198,929 in 2024 — a rise of almost 600 per cent — according to US Customs and Border Protection data. Canada’s provincial leaders have criticised what they say is a failure by the government in Ottawa to prioritise border security. Ontario premier Doug Ford on Wednesday said he hoped the meeting with Trudeau would be “the start of a more proactive approach from the federal government” and would show it “takes the security of our border seriously . . . or risk the economic chaos of Trump tariffs”.