muad’dib

[muad’dib @robisawizard]

@zerohedge 2% for 30 years? What is this? Returns for ants?

[Conor Sen @conorsen]

$META back to early October 2024 levels.

[grizz @grizzlikesfilm]

im so excited, pretty sure I gained consciousness watching this scene as a kid

[James E. Thorne @DrJStrategy]

Canadian Dollar looks sick.

Canada’s currency is sending a signal policymakers appear unwilling to hear.

The recent softness in the Canadian dollar is not a transient fluctuation driven by cyclical noise. It reflects a deeper reassessment by global capital markets of Canada’s structural trajectory—one increasingly defined by weak productivity, regulatory overreach, and a persistent misallocation of capital away from its core competitive strengths.

For much of the past two decades, Canada benefited from a favorable external environment: rising commodity demand, proximity to the world’s largest consumer market, and a stable financial system. That foundation has been gradually eroded. Productivity growth has stagnated to near-zero levels, business investment has lagged OECD peers, and regulatory burdens, particularly in energy and infrastructure, have constrained the very sectors where Canada retains a natural advantage.

Instead of addressing these structural deficiencies early, policy discourse has largely normalized them. Two consecutive quarters of negative GDP growth are framed as manageable. Declining output per worker is treated as an abstract statistic rather than a direct threat to living standards.

Meanwhile, the public sector has crowded out the private sector for over a decade. Yet Bay St and the BOC say it’s but a flesh wound.

Currency markets are less forgiving.
They function as a real-time referendum on policy credibility and long-term growth expectations. The Canadian dollar’s weakness is not merely a reflection of interest rate differentials; it is a signal that global investors are demanding a higher risk premium for exposure to an economy with deterioratin fundamentals.

Compounding this dynamic is an extraordinary degree of home bias among domestic investors. Canadian portfolios remain heavily concentrated in domestic equities and real estate despite clear evidence of underperformance relative to global benchmarks. This insularity amplifies vulnerability: when domestic fundamentals weaken, both the currency and asset prices adjust simultaneously.

The core issue is strategic drift. Canada possesses abundant natural resources, a highly educated population, and geographic advantages that should position it as a leading beneficiary of global energy transition and supply chain realignment.

Yet policy choices for decades have systematically undermined these advantages, favoring redistribution and regulation over growth and competitiveness.

Absent a meaningful shift, toward investment, productivity, and resource development, the message from currency markets is unlikely to change. Exchange rates do not move on rhetoric. They move on relative performance.

And on that measure, Canada is falling behind.

[First Squawk @FirstSquawk]

WESTJET OPPOSES CANADIAN GOVERNMENT'S AIRLINE LOAN PROPOSAL, URGING OTTAWA TO AVOID MARKET DISTORTIONS DOMESTICALLY AND ACROSS THE US BORDER.

[Noah @antibearthesis]

How 20-year-olds with $3,000 invested react when the S&P 500 is down 0.7%

[zerohedge @zerohedge]

Three years in a row the world’s biggest consumer gadget company bombs in rolling out AI. But yeah, $5 trillion in capex.

[zerohedge @zerohedge]

KOREA'S KOSPI TUMBLES 8.8% AS SAMSUNG, SK HYNIX LEAD LOSSES

[Zherka @ZherkaOfficial]

That MMO experience you have at 10 years old never gets replaced by anything, you can fuck every woman on earth, it does not fill the hole.

[Sid Prabhu @sidprabhu]

US TELLS ISRAEL TO HOLD OFF FOR A FEW DAYS TO ALLOW SPACEX DEAL

[Stephen Punwasi 🏚️📉🐈☃️ @StephenPunwasi]

@ChadimirPoutine “Which billionaire dairy monopolist are you buying from? The one that comes from the centralized pool at the dairy cartel or the one from the same place in a gold wrapper?”

[Citrini @citrini]

Gonna be pain this week.

[steve2bacon, CMT 🥓🍩 @steve2bacon]

check engine light came on after losing 200k this week

[Bryan Johnson @bryan_johnson]

never waste a good crisis

[Zephyr @zephyr_z9]

Is Big Tech trying to fuck up the IPO window for OpenAI, Anthropic & SpaceX?? 🤔🤔

[Graeme Menzies @GraemeMenzies]

“If you’re not at the table, you’re on the menu” - Mark Carney, Davos.

[Palmer Luckey @PalmerLuckey]

@markpoloncarz Teddy Roosevelt regularly staged boxing matches in the White House. He lost sight in one eye from a detached retina because he himself was fighting at the White House in one of these matches.

And the Founding Fathers regularly dueled with pistols, one of them died doing so.

[rare @veryrare_ns]

Thought I was gonna be on some cool shit boy was I wrong 💔