Carney's Cash

Liberals hate Trump. Yet their behaviour is way more Trumpian than the man they are destroying our country over. Who cares though. At least we aren't American, right? 

Carney exemplifies the new Canadian standard of no ethics, no loyalty to friends, coupled with a me first complex. Carney Marx attempted to push this through Trudeau who denied it. So he pushed it through himself (Trump doesn't even do this) making his stock options much more valuable. Just think how much management fees Carney and Crookfield will make on our $25 billion every year.  This is beyond unethical. Enriching himself is his priority, not Canadians. 

I warned you a few blogs ago - Carney will mandate green jet fuel in a matter of months.  

 

 The $50 billion fund that could take over Canada's 4 largest airports

Elbows-Up Economics

Who cares! Right?

Invest at your own risk!

Between December 31, 2025 and Septmber 18, 2026 the  TSX jumped 4083 points, or 12.9%.  At the same time, corporate earnings declined 6.6%.  This alone should scare investors.  In the U.S. the NASDAQ is soaring because it is assumed AI will be tomorrows story so do not buy these shares.  If history is to repeat this story will end badly. Step aside from the markets. Let them come to you.   Markets could correct more than 30%.  Even then most would be only near their long term norms. 

If one has any debt the best investment will be to pay it down.  This is not be the time to speculate.  Cash is and will be King until a notable correction occurs. 

US Markets:

Using the Case Shiller PE, the S&P 500 is the second most expensive in history.

 The Buffett Indicator recently made a new record high:

Invest at your risk!

 Shiller PE Ratio - Multpl

Buffett Indicator Today: 296% Estimate, 288% Official | thetrading.tools

Elbows-Up Economics

A currency is the equivalent of a share in a company.  When the future looks great, the currency increases as investment creates demand for that underlying currency.  So far, the Liberals have deterred investment and scared away most that was here. Hence, our pathetic currency.

There are zero reasons the Loonie cannot be par or stronger than the US dollar other than Liberals. Harper handed off a well-oiled machine that the Liberals destroyed. Our currency proves this. The further we move away from the US, the more our dollar will collapse. 

What is very interesting is that Carney's family lives in the US and 93% of his investments are in the US.  What is good for Carney has to be good for Canada. Instead he is pairing us with another extreme-left region of the world that is also crumbling.

Trust the actions of your leader.  Choose the 51st. Not the 28th.  

Elbows-Up Economics

"Consumer (non-mortgage) credit climbed 0.2% (+$1.3 billion) to $835.7 billion in July, up 4.7% (+$37.6 billion) since last year. The growth rate remains higher than mortgages, and this isn’t one of those good consumer growth surges. 

The recent consumer credit bump is due to consumption smoothing and/or distress borrowing, according to TransUnion. Smoothing occurs when households use debt to avoid cutting expenses when their incomes fail to keep up. The credit agency warns that households are tapping higher-interest revolving credit to absorb the higher cost of living. TransUnion also found that mortgages were rising under similar circumstances, as balances are climbing on existing accounts, not new borrowing."

Canadian Debt Hits $3.29 Trillion As Distress Borrowing Surges - Better Dwelling