BrokerPawel

[BrokerPawel @BrokerPawel]

@colineddington @TheTechInvest 900mw new campus in Australia, not the previously announced, plus this 300mw in Spain

[BrokerPawel @BrokerPawel]

Toronto condo prices are back to 2019 📉

Avg condo apartment, September:
2019: $637K
2026: $640K

The difference? 5,329 condos for sale today vs 2,319 then.

2019 prices, more than twice the choice. Buyers haven't had this much leverage in years.

#TorontoRealEstate

[BrokerPawel @BrokerPawel]

@johnternus Welcome and congrats!

[BrokerPawel @BrokerPawel]

7/17 That suggests roughly 400 to 500MW of economically active $NBIS compute at YE2026, with ~450MW a reasonable midpoint.

IMPORTANT: this is my estimate based on $NBIS financial guidance and contract economics, NOT company guidance.

Now compare that with $IREN.

[BrokerPawel @BrokerPawel]

6/17 Take the midpoint of $NBIS’s YE ARR guidance:

$8B ARR.

Now assume its December fleet produces roughly $16M to $20M of blended annual revenue per active MW.

$8B ÷ $16M = 500MW

$8B ÷ $18M = 444MW

$8B ÷ $20M = 400MW

[IREN @IREN_Ltd]

Horizon 1: delivered.

IREN has delivered Horizon 1 to Microsoft and achieved NVIDIA Exemplar Cloud status on NVIDIA GB300 NVL72.

Read more: https://t.co/ItVXSXK1V7

[James E. Thorne @DrJStrategy]

For the record.

In Canada, It Matters How the Economy Dies.

The Canadian economy is dead. It just didn’t die with a crash big enough to satisfy the models. No Lehman moment, no Covid‑style cliff, just two negative quarters of GDP, years of falling output per person, negative productivity, and a private sector slowly strangled by rates and regulation while the establishment insists the patient is “resting.”

On the facts, this isn’t ambiguous. Real GDP has contracted for two consecutive quarters on an annualized basis. Labour productivity has been flat or negative since 2021. Real GDP per capita is below its pre‑pandemic level. Ontario has logged its worst non‑pandemic quarterly job losses since the mid‑1970s. The only consistent growth is in government payrolls and compliance, not in private enterprise and investment. If that isn’t recessionary, the word is meaningless.

And yes Macklem threatens rate hikes through all of this insanity.

Yet Canada’s official guardians insist nothing fundamental has broken. The C.D. Howe recession‑dating committee says the downturn is not “pronounced, persistent, and pervasive” enough. The central bank warns against overreacting to “technical” weakness. Bay Street talks about “soft landings” and “resilience.” In some quarters, the answer to this slow‑motion collapse is not relief, but further rate hikes. Ignore the body on the table, we are told, the vital signs aren’t quite bad enough yet to fill out the certificate.

Their rulebook was built for heart attacks, not cancers. It excels at spotting sudden collapses in aggregate GDP and jobs. It barely registers slow organ failure: a few tenths off real GDP per capita each year, productivity edging down, ugly quarters for private‑sector employment and capex offset by public hiring. None of that triggers the old alarms until the damage is permanent.

Meanwhile, Canada has been busy throwing away the advantages that once justified its prosperity. Energy and resource projects are stalled or strangled. Business investment per worker trails peers. A country rich in capital, talent, and geography behaves as if it can live forever off inherited endowments while making it harder to build anything new. That is not “resilience.” It is delusion.
Canada’s economic establishment needs to wake up.

Two negative quarters of GDP, negative productivity, falling GDP per person, historic job losses in the core province, a suffocated private sector and calls for more tightening on top, are not signs of an economy “cooling toward trend.” They are signs of an economy that has already crossed the line from stagnation into decay.

The Canadian economy is dead in the way that matters: as an engine of rising living standards and a place where private capital is rewarded for building the future. It just didn’t die loudly enough for the old definitions. The real question now is not what we call it, but how long our institutions will keep pretending the corpse is “resilient.”

[BrokerPawel @BrokerPawel]

@danielfoch Booked let's go!

[BrokerPawel @BrokerPawel]

@Gubloinvestor Make sure to invest through a corp if you leave in Canada and buy US stocks. When you die, IRS will take 40% of your portfolio (not if gains!). Canadas tax treaty with the US prevents this, but once you become a non-resident of Canada for tax purposes, do your due diligence.

[BrokerPawel @BrokerPawel]

@ilzmcfly @grok is this true?

[BrokerPawel @BrokerPawel]

@DYLAN_Mrw Where is all the "snot" they promised?

[BrokerPawel @BrokerPawel]

@coreylandsberg They're allowing so many shots on goal that even though they let in 3-5 goals a night, our goal tending still has a good save percentage.

Some believ"Its not the coach's fault they have no puck possession, get our shot, our chanced, outscored every night. Players are just lazy"

[BrokerPawel @BrokerPawel]

@thegoldenmuzzy Start with the easy change, replace Bérubé with a puck possession interim coach. Reassess how everyone performed at the end of the season under a new gm.

[BrokerPawel @BrokerPawel]

@coreylandsberg @Chens89 Agree to disagree here but your initial post was that it was Bérubé' "system" that got them that far, my argument and the stats show it was goaltending, Bérubé' "system" was notably worse than Keefes.

[BrokerPawel @BrokerPawel]

@coreylandsberg The stats don't lie, look at the 2024/25 Save % compared to all other stats.

[BrokerPawel @BrokerPawel]

@coreylandsberg Stolarz got them to Round 3 against Florida, though. My point is a response to comments that Bérubé got further than Keefe. Had Keefe had that goaltending with their playing stats, the results would've been different.