Still Working on This
This website is new and I’m still working on it. I think most things are working but if you find something that isn’t please email me at doug@oldwhitby.ca.
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ICYMI – Exposing Trump’s Tariff Fraud
The last week and a half have been dominated by Trump’s “reciprocal” tariffs. You may recall his charts that showed what they said other countries were charging the US and the lower figure (usually 1/2) that the US was going to charge them.
Except it was all a sham. After some pushback they came up with this equation.
Looks impressive doesn’t it with all those Greek letters. Except it doesn’t have anything to do with tariffs. The equation was cracked by financial journalist James Surowiecki within a few hours and later validated by several other analysts. The equation takes the the US total trade deficit with a given country (Xi – Mi) and divides it by the value of the goods said country exports to the US (Mi). The other factors were set so they cancel out, and the delta Ti is the supposed tariff rate.… More
Carney vs Trudeau, Poilievre, & TRUMP
The almost universal narrative of the media is that Mark Carney is a political neophyte running against seasoned politicians. While it is true that he has never held any elected position, his record in his fist couple of weeks is that of a seasoned pro eating his opponents for lunch. His actions have been well-planned and executed with precision.
I would conclude that Carney was always inclined towards politics and his sojourns into banking were mere sidebars to his preferred career. His banking years were probably somewhat frustrating as he tried to use the limited monetary tools at his disposal (interest rates) to keep the economies of Canada and England ticking along in spite of some of the reckless fiscal policies (Brexit) coming from his political peers but it also provided a cat bird seat to watch those politicians at work … and learn.
Even before Trudeau resigned Carney … More
Bring These $$ Home
Trump has poked the Canadian bear and has unleashed a level of patriotism that we haven’t seen before – perhaps ever. So while the tariffs may eventually get withdrawn and things may seem to go back to normal we can never again leave ourselves this vulnerable. We need to harden our economy.
Ironically this situation presents Canada with some incredible opportunities. This current wave of nationalism must be harnessed.
50 years ago the government of Justin’s father Pierre, created the Canada Development Corp in order to stem the tide of foreign ownership of Canadian companies and a similar idea is needed today but for different reasons. The Canada Development Corporation was created to invest in strategic industries in order to increase Canadian ownership. The CDC had some success but the Mulroney government shut it down when they took office in the mid 80s. The problem of foreign ownership is still … More