
My name is Rennie Scinto. I am a member of the Church of Total Factor Productivity. Real Rates and Real Wages are my Spiritual Guides. [email protected]
Joined April 2012
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The fast-fashion company is searching for workarounds as Trump’s trade war endangers operations in its most important market ft.trib.al/1ftiyKh
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Goldman’s Solomon Says Markets Will ‘Settle Down’ After Disorder via @business bloomberg.com/news/articles/…
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China is the only country that the US has an Economic Statecraft goal to economically hobble, because of China’s own Unrestricted Warfare on the US over the last several decades.
I believe these Tariffs are designed to force RoW to pick sides and that Trump 2.0 is banking on the US Carrot of 30-35% of Global Consumption to win most of the converts.
xitter.cf/urbankaoboy/status/190…
Replying to @UrbanKaoboy
It seems to me that the Trump 2.0 Tariff Strategy is ultimately aimed at cinching off all escape valves for China.
If we play it out to the limit, let’s say we Balkanize into regional blocs and China tries to power through with their Runaway Assembly Line Top-Down model without the US Consumer.
If the US succeeds in blocking off transshipment opportunities with these Global Tariffs, without the US Consumer as the end market, they will just wind up hollowing out the PBOC balance sheet as it bails out uneconomic businesses, churning out goods no one wants.
Result: Spectacular CNY implosion.
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I had a constructive discussion with my fellow Premiers on how best to deal with the threat of tariffs from the incoming U.S. administration. We agreed on several strategies and I look forward to continuing to work with them on this critical issue.
However, federal government officials continue to publicly and privately float the idea of cutting off energy supply to the U.S. and imposing export tariffs on Alberta energy and other products to the United States. Until these threats cease, Alberta will not be able to fully support the federal government’s plan in dealing with the threatened tariffs.
Alberta will simply not agree to export tariffs on our energy or other products, nor do we support a ban on exports of these same products. We will take whatever actions are needed to protect the livelihoods of Albertans from such destructive federal policies.
We also urge our entire nation to use this tariff threat as an opportunity to correct the misguided direction of this country and commence multiple infrastructure projects that focus on developing, upgrading and exporting our oil, gas and other natural resources, instead of effectively land locking them and keeping us fully reliant on one primary customer.
I will be travelling to Washington D.C. this week for the inauguration, and will be returning to the United States several times over the coming months to meet with U.S. lawmakers and officials to continue to make the case against the imposition of tariffs on Canadian products and to strengthen and grow the trading relationship between our two great and independent nations.
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Daniel Foch@danielfoch14 Jan 2025
Canada
CanadaConnected via Canada App StoreAccount-level information, not a live location or per-post device.
Toronto rent prices keep on dropping to levels not seen in years blogto.com/real-estate-toron…
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So journalists - whilst reporting on this story - do ask UK ministers whether the UK is happy with its current levels of naval power, and whether they regret that we are not able to carry out one of our most important maritime missions in the Greenland-UK gap.
Ask them what they plan to do about it.
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The number of dark fleet vessels has grown to about a fifth of the world fleet after Russian-linked owners bought up hundreds of ageing ships to circumvent western countries’ curbs on the country’s oil trade on.ft.com/4h1gOBH
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Drivers entering parts of Manhattan will be charged $9 during peak hours in a program following similar initiatives in London that aims to reduce the worst traffic in the world. trib.al/oGQjtrF
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Replying to @capconstrained
The only people who can afford housing in Canada are government officials and money launderers, with those two groups often comprising the same people.
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Competitive devaluations are on the agenda. Whither the Yuan?
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Visa's Retail Spend Monitor reports a 4.8% YoY increase in U.S. holiday retail spending
"This holiday shopping season, we’re seeing increasing consumer confidence..."
$V
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We are having a cold snap, and the temperature near my home in Vermont is predicted to be minus three tonight. This is nowhere near any kind of record! But our grid is already 12% oil.
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*Walter Bloomberg@DeItaone10 Dec 2024
Europe
EuropeConnected via Europe App StoreAccount-level information, not a live location or per-post device.
CITI CFO SAYS US CONSUMERS INCREASED SPENDING BY HIGH SINGLE DIGITS
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UBS stands trial in Paris accused of harassing a pair of whistleblowers who lifted the lid on the bank’s efforts to help wealthy French dodge taxes trib.al/ESq1bcz
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Germany is about to weather its 2nd Dunkelflaute of the 2024-25 winter on Friday, with low wind electricity production. After a reprieve over the weekend, wind power production will plunge again on Mon-Tue. Fortunately, this episode will be shorter than the one in early Nov.
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Replying to @CharlieFlorimon
Pascal from Africa Oil just announced they have restarted buybacks as from today!! $AOI $AOI.TO $AOIFF @AfricaOil_Corp
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"Homes seized for auction ⬆️43% last yr...Downward price spiral has since accelerated & the legal system is struggling to keep up w/evictions...In some cities, like Qingdao, foreclosed apartments are being sold at auction before occupants have moved out"
nytimes.com/2024/11/04/busin…
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Replying to @capconstrained @CharlieFlorimon
Charlie is indeed a good follow and a good guy.
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