Steve Saville

Dad, Lawyer.

[Nick Timiraos @NickTimiraos]

Stanley Druckenmiller renders an unfavorable opinion of Treasury Secretary Scott Bessent's use of buybacks to defend against higher yields in a market that is functioning normally.

"I have spent five decades trading on a simple premise: Markets aggregate information no committee possesses, and prices are how that information reaches decision makers. The long-term Treasury yield is the most important price in the world. It is also the only fiscal disciplinarian the U.S. has left."

"Every basis point of artificial yield suppression is a subsidy to procrastination."

"Return buybacks to their stated purpose: small, scheduled, off-the-run liquidity operations announced at quarterly refundings, never off-cycle responses to yield levels. Term out the debt honestly and pay the price the market sets."

"If the 30-year must trade at 5.5% to clear, that isn’t a crisis. It is an invoice. Then do the only thing that durably lowers long-term yields: address the primary deficit."

https://t.co/Xe8Vi38WiI

[John Ivison @IvisonJ]

A B.C. winery says it can still sell its wine cheaper in the U.S. - ever after 50 percent tariffs - than it can in Ontario and Quebec, thanks to massive provincial markups.

[Ben Woodfinden @BenWoodfinden]

I've been debating whether I want to keep weighing into this but here it goes. Long post.

Colby’s a smart guy, I read his stuff for years before he joined the admin. But the gaslighting on this is exactly why the middle power project exists in the first place, and I think he is smart enough that he must know this, but can't say it publicly.

Trump has talked about us as the 51st state over and over. His interventions in our politics were flagrant enough that they changed the outcome of our election in 2025 and revived a Canadian nationalism that had been more or less dead for a generation. He started a tariff war with us, we responded, obviously, and now his own people are hurt that we stood up for ourselves and have worked out that the Americans aren’t the reliable ally they used to be. And the broader MAGA world, which was going after us over wildfire smoke a few weeks ago, isn’t exactly hiding how it feels about this country, they hate Canada and revel in mockery of us. Then get annoyed when we notice, or when we stop pretending we trust them.

He has also said, more than once, that the US doesn’t need anything from Canada. Okay, fine. Then we diversify and lessen our dependence, because the dependence is what makes us weak and vulnerable in the first place.

On NATO he’s right that other NATO allies have dropped the ball on this for decades, Canadians can and should admit that. But now we're trying to solve this and also strengthen ties with other countries and people like Colby act perplexed when they see what Canada is doing. The president and the people around him muse about invading Greenland, which is the territory of a NATO ally, and again we're supposed to act like this isn't a massive wake up call?

The difference now is that we are spending, and we��re doing it in a way that builds our own capacity and doing it with countries in similar predicaments to our own. But now that us and other allies who’ve come to the same conclusion as us about how much they can count on Washington all of a sudden we're a problem? Give me a break.

I’d take criticism like this a lot more seriously if it came with even a partial acknowledgement that the reason countries like Canada are scrambling to look elsewhere is the conduct of this president and this administration. Instead we get surprise, and a sort of performed confusion about why any of it is happening.

It’s also been something to watch a certain subset of hyper online Canadians, who i suspect maga world have decided speak for Canadians when they definitely don't, repeat the American talking points back at the rest of us because it helps them build their online clout.

If the administration is upset about any of this they should look in the mirror. Treat your allies like shit and then expect them to come begging. What we’re actually doing is making sure we’re strong enough to stand on our own two feet, so the next time America has one of these psychotic breakdowns we aren’t as exposed as we were this time.

We’re stuck sharing a continent with them. Trudeau Sr’s sleeping with an elephant line still holds, and we can’t divorce America, economically or otherwise. But if this is how we’re going to get treated, it’s prudent to sleep in another room.

[Jason Kenney 🇨🇦🇺🇦🇮🇱 @jkenney]

Quite the chutzpah for Turkey to open this kettle of fish.

If Turkey is now committed to "decolonization," does that mean they will give back the lands taken from the many ethnic and religious minorities who have been victims of Ottoman & Turkish imperialism?

Will the Armenians have their ancient lands restored to them, or receive reparations for the genocide inflicted on them in 1915?

The Kurds given the right of self-determination?

The ancient Greek regions returned?

Will the 1974 Turkish invasion and occupation of Northern Cyprus be reversed?

Will the descendants of Jewish families who fled Kemalist policies of forced assimilation be given compensation?

Will the Hagia Sophia be returned the Greek Orthodox Patriarchate, from whom it was stolen?

Will there be a truth & reconciliation project recognizing the millions of slaves taken & trafficked by the Ottoman Empire, particularly the countless boys kidnapped from Balkan Christian families for forced military service?

Will compensation be given to Christians for the hundred of Churches and monasteries destroyed?

The possibilities for Turkish decolonization are endless.

[Henrik Dahl @SociologenHD]

Dear Under Secretary of War Elbridge Colby (@USWPColby),

Thank you very much for your lengthy post setting out the principles and guidelines that you believe should govern America's former allies in NATO.

For our part, we have taken note that President Trump no longer consistently guarantees that NATO's Article 5 will be honoured.

We have taken note that President Trump has shown a marked inclination to do Vladimir Putin's bidding, even when doing so runs counter to our strategic interests and to our political and moral commitments to Ukraine.

We have taken note that the U.S. administration has moved NATO allies further down the queue for deliveries of American weapons than previously agreed.

We have taken note that President Trump has repeatedly spoken disparagingly of the sacrifices made by our soldiers when NATO allies answered the call after the United States invoked Article 5.

We have taken note that President Trump appears to believe, mistakenly, that NATO is some kind of emergency hotline the United States can call whenever military operations far outside the Alliance's purpose and area of responsibility go wrong.

We have also taken note that President Trump regularly speaks of acquiring sovereignty over Canada and Greenland.

And, of course, we have taken note that President Trump has shown a clear willingness to unilaterally disregard the trade agreements concluded between the European Union and the United States.

Taken together, all of this means that we must adapt to the reality that we can no longer rely on the United States. And that is exactly what we are doing.

You are, of course, quite right that American defence manufacturers produce excellent weapons.

But many of those systems are also becoming outdated in light of contemporary military doctrine - as the war in Ukraine has demonstrated with remarkable clarity.

We naturally appreciate that you still find the time to lecture us on your views and on America's expectations.

But in light of the chain of events set in motion by President Trump and his administration, we must admit that they carry rather limited weight.

[David Portier @davidportier]

"So we wasted 10 years and $200 billion dollars"

Every single Canadian worked almost an entire extra year to pay the income taxes the Liberals wasted on climate nonsense that divided the country and left us poorer and economically vulnerable to Trump.

[Rob Shaw @RobShaw_BC]

NEW - Gov house leader Mike Farnworth says DRIPA bill will not be introduced this week, and when it does it will not be a confidence vote any longer. Says more consultation needed. Expects it will still be this session.

[Senator Mark Kelly @SenMarkKelly]

Troops from European countries are arriving in Greenland to defend the territory from us. Let that sink in. And now Trump is setting tariffs on our allies, making you pay more to try to get territory we don’t need. The damage this President is doing to our reputation and our relationships is growing, making us less safe. If something doesn’t change we will be on our own with adversaries and enemies in every direction. Republicans in Congress need to stand up to Trump.

[Jordan Schultz @Schultz_Report]

The officiating in the Patriots-Saints game is one of the worst I've ever witnessed.

[Mike Reiss @MikeReiss]

From ESPN Research: The Patriots have had 113 yards and a TD wiped out by offensive pass interference calls.

[Bill Simmons @BillSimmons]

The Pats just lost a long TD on the worst call of the season

[Martin Pelletier @MPelletierCIO]

To my American followers. Did you know that the highest marginal tax rate in Ontario and British Columbia is 53.5%, both kicking in at incomes over $253,414. Meanwhile, the minimum income required to buy an average home in Toronto is approximately $225,000, and in Vancouver, it’s even higher at $245,270.

That means the income threshold to afford a home in Canada’s most expensive cities is just shy of the income level taxed at the highest rate. In other words, to simply qualify for a mortgage in these markets, a household must earn an income that is nearly taxed at the top federal-provincial marginal rate. Therefore, by definition, only Canada's very wealthiest can qualify for a mortgage to buy a home.

[Selina Robinson @SelinaMRobinson]

My last update in fall 2022 had a $5.7B surplus projected.

Stunned at how quickly @Dave_Eby destroyed our responsible fiscal management that we established under John Horgan’s leadership. #bcpoli

[Andrew Coyne 🇺🇦🇮🇱🇬🇪🇲🇩 @acoyne]

The mystery of B.C.’s darkening debt outlook https://t.co/KodKqDUPES

[Flavio Volpe, C.M. @FlavioVolpe1]

.@grok did Canada initiate a trade war with the USA in 2025?

Was it complying with the spirit and rules of the USMCA it agreed to with the USA in 2019 or was it taking advantage of the USA?

[Brad West @BradWestPoCo]

B.C NDP admits Charleigh Pollock is only kid in Canada to be denied funding for rare disease https://t.co/KXtugCfUGd

[Terry Glavin 格立文 @TerryGlavin]

It is not "a question of supply."

[Martin Pelletier @MPelletierCIO]

Amazing and a must watch.

[Alan Fryer 🇨🇦🇺🇦🇮🇱 @alanfryermedia]

I'm going to break my own rule to never start a sentence with, "as a boomer".

But as a boomer, I've done well. Yes, I've worked hard, mostly succeeded at what I wanted to do, had a good and satisfying career and was able to retire fairly comfortably.

But I don't kid myself. I was also blessed, as most of us were, with very good luck to be born when I was. Stuff just worked out for most of us boomers, not because we were special, but because our timing was. And we had SFA to do with the timing. Dumb luck, is all.

The younger generations coming up behind us are the future, not us, and they're every bit as smart as we were - check that, they're way smarter because they've had to deal with and adapt to an unprecedented pace of technological change that we just missed. Good timing again.

But their timing sucks. They were saddled with the effects of COVID and had to live through what is, I believe, accurately described as the lost decade. They had nothing to do with the timing, little say in how the Trudeau Liberals mismanaged the economy, divided us against each other and ended up mortgaging their futures.

It breaks my heart when I read stories about young people still living with their parents because they can't afford rent, let alone a downpayment on a house or a condo. It especially hurts when I hear about young people putting off, or deciding against, starting a family because the can't afford it.

And, yes, I'm pissed off at Trudeau for all that. I'm also pissed off at Trump for disrupting our election with his tariff and 51st state bullshit. He's an old man trapped in a '70s loop and he's driving frightened fellow boomers into Carney's arms at the expense of our children and grandchildren.

So as a boomer, I'm appealing to my generation to think hard before casting their vote. We did okay, our timing was great and take a bow if you must. But for God's sake accept the fact our time has come - it was great while it lasted - and is now fading, as it should.

Don't succumb to the fear of the Orange Man. That's what the Liberals want you to do because they have nothing else on offer. Instead, choose hope for your kids over fear for yourselves. Vote for unity over division. Vote for change or, if you can't, at least get out of the way of it.

[Robert Fife @RobertFife]

Liberal Party releases election platform that includes larger deficits, $28-billion in undefined spending cuts a https://t.co/UAK6RANY0Q