New information about China's Canada Royal Milk in Kingston...
EDC, a federal crown corporation, had loaned Canada Royal Milk between $100 million and $250 million to support foreign direct investment.
This story is getting better and better.
@DrJStrategy Not so contentious POV
Bank of Canada will raise rates this year.
Carney will not get a trade deal with the USA.
The Canadian economy will head down but rates won’t follow.
One might wonder why Newscum's team would post something so idiotic, but it makes sense considering they've never actually seen a project completed. It's a foreign concept to them.
After an accomplishment filled week by President Trump, I have the pleasure of reading a piece of Friday fiction, courtesy of the Daily Mail.
To be crystal clear, I am not going anywhere. I am honored and proud to serve President Trump, proud of our team and remain fully committed to advancing his agenda on behalf of the American people.
Some in the media have spent a decade trying to manufacture drama around President Trump and people who work for him. They were wrong then, and they are wrong now.
See you Monday.
@StateDept Thank you, America. I don't think you realise how much this means to us in the UK.
We have a prime minister who refuses to admit it even exists.
We are in deep trouble.
Ideological conditioning and two-tiered policing are glaring symptoms of civilizational decline. They must be rejected across the West.
The United States sends our condolences to the family of Henry Nowak and the people of the United Kingdom at this troubling time.
Say what you want about Trump, but he has handled the PR part of the conflict against Iran as well as he has handled the military part and has left Iran cornered and out of cards.
A masterclass in state craft and military strategy.
Blockcading the strait to deny its use to Iran after sending their navy to the bottom of the sea was a genius move.
Wall Street is still trading like we’re stuck in a secular‑stagnation Keynesian world where growth is a problem to be stamped out, not an asset to be compounded. A solid jobs report hits the tape and the Pavlovian response is immediate: “too hot, inflationary, the Fed has to hike.”
That entire chain of reasoning is obsolete.
For the Keynesians who still dominate the Street, growth always and everywhere shows up as inflation, so every upside surprise in payrolls is treated as a demand shock that must be punished with tighter policy. Good news on employment is mechanically reframed as bad news for rates, and by extension bad news for risk assets. It’s the same 2010s playbook, mindlessly recycled.
But we don’t live in that world anymore. We live in a supply‑side world, where incremental jobs are being created by re‑industrialization, energy build‑out, and AI‑driven productivity, not by one more hit of demand stimulus. Yes, a Trump, American System era. This kind of growth expands capacity and potential output; it doesn’t simply bid up prices against a fixed supply curve. Treating productivity‑linked job creation as inherently inflationary is not just lazy, it’s analytically wrong.
The real risk now is that Wall Street’s Keynesian reflex keeps misreading supply‑side growth as an inflation problem and keeps insisting “rate hikes must follow.” That is how you end up systematically mispricing both the durability of the expansion and the path of policy, trading a dead framework in a live, shifting regime.
Walk into the cave at Lascaux. The paintings are around seventeen thousand years old, made by people with no writing, no agriculture, and no opinions about cholesterol.
Look at what they painted.
Aurochs, the enormous wild cattle that stood taller at the shoulder than a man. Horses. Bison. Deer. Great heavy-bodied animals laid down in ochre and charcoal across the ceiling by people lying on their backs in the dark, holding a light up with one hand and painting with the other, because this mattered to them more than comfort did.
Now count the paintings of grain.
Count the lovingly rendered root vegetables. The heroic turnip. The sacred bowl of lentils.
You will be counting for some time.
The people of Lascaux painted what they revered, and what they revered was the animal. The animal was food, clothing, tools, sinew, fat, marrow, and the difference between surviving the winter and not. They did not paint a balanced plate. They painted the thing that kept them alive, over and over, for generations, in the most important room they had.
Seventeen thousand years later their descendants would be told that the animal was the problem, and that the road to health ran through the field of grain the cave painters never once thought worth drawing.
The oldest art we have is a menu.
It is not a subtle one.
Gregg Jarrett says John Bolton pleaded guilty because the evidence was overwhelming, pointing to classified documents, security violations, and a probe launched by Biden’s DOJ:
“You know, Bolton is hoping to avoid prison, as you point out, Sean, by pleading to a single charge instead of facing trial on 18 counts. But the punishment ultimately will be up to the judge and could be as high as five years behind bars. Bolton caved because he had no defense. He stored thousands of pages of classified, top-secret material at his home, and that is a clear violation of the Espionage Act. He then compounded those felonies by sharing the material with family members who had no security clearance whatsoever, which created additional crimes. When Bolton was indicted last year, he blamed Trump for targeting him for political reasons, and Democrats like Adam Schiff and Jamie Raskin echoed those accusations. The truth is that it was Joe Biden’s Justice Department that launched the criminal investigation into John Bolton after intelligence agencies discovered that Iran had hacked his computer and accessed sensitive information that damaged national security.”
The 1920-21 depression was the sharpest economic contraction in American history, yet you've probably never heard of it. Industrial production collapsed 32%. Unemployment spiked from 4% to 12% in twelve months. By every measure, this downturn dwarfed the initial shock of 1929.
President Warren Harding faced enormous pressure to "do something." Labor leaders demanded public works programs. Businessmen begged for bailouts and trade protection. Treasury Secretary Andrew Mellon advised Harding to slash government spending and let wages fall. Commerce Secretary Herbert Hoover (yes, that Hoover) pushed for massive federal intervention.
Harding chose Mellon. The federal budget dropped from $6.4 billion to $3.2 billion in two years. No stimulus packages. No bailouts. No alphabet soup of new agencies. Government employment fell 40%. When you let markets clear, they clear fast.
The recovery started in July 1921. By 1923, unemployment had dropped to 2.4% and industrial production reached new highs. The entire episode lasted eighteen months from peak to full recovery. Compare that to Japan's lost decade of intervention, or the European debt crisis that dragged on for years, or our own jobless recovery after 2008.
Most economics textbooks omit this episode because liquidating malinvestments and allowing price adjustments works exactly as free market theory predicts: a fact that destroys the Keynesian narrative that government must spend its way out of recessions. Politicians today claim they learned the lessons of the 1930s, but they studiously ignore the more important lesson of 1921.