Thank you once again, Fred. When Howard Lutnick said that Canada’s strategy to wait for a deal was “stupid”, I suspected we were on to something. You just confirmed it.
The Shakespearean phrase "hoist by his own petard" comes to mind. (or at least to my mind, haha) The many things the U.S. has done to harm itself, starting with tariffs, which are paid by the buyer, not the seller, (surprise!) and ending with a war which resulted in the closing of the Straits of Hormuz has put the American economy on the ropes and the population poorer than when they started, before electing their golden haired savior. Add to that the alienation of the country's allies and trading partners who turned elsewhere to buy and sell their goods, resulting in the worsening of the U.S. trade deficit and we have the makings of the perfect storm.
There are many in Canada, as elsewhere, who are reactive and respond with noise and ill thought-out rhetoric to display their angst, their need to defend against perceived enemies and above all to decry the quiet discipline of those governed by logic and patience. We know who they are and where they can be found, whether in MAGA meetings in Toronto or at freedom rallies in Alberta. Apparently there is a part of the brain, the amygdala, that renders these poor souls unable to respond in any other way.
Then there are those who are patient and thoughtful, who see the big picture, the macro of events, and refuse to be goaded by infantile mania. Often these people have become well educated and able to deduce the impact of the many inputs that drive a society and thus formulate a reasonable response. I am so happy that we have elected such a person in these trying times.
Many years ago, when I was involved in day trading futures, I spoke to my mentor of my indecision regarding a particular trade, resulting in me doing nothing. He replied that not taking a position is, in itself, a position. I've remembered that ever since.
As a Canadian with many friends in the U.S., I am of two minds: on one hand I’m very pleased and proud about our leaders’ (Mark Carney mostly) acumen and patience in playing the long game with our southern neighbour. Now that Trump has guided his country into a sinkhole (or as some would say a ‘stink hole’ economically speaking, we, under the wise stewardship of Mark Carney, have weathered the southern shitstorm of the last decade, and have arrived at a fortunate position economically and are benefiting substantially going forward (Sorry for the overly long dissertation) Let me say, I can’t help feeling sorry for all my American friends.)
Going forward, I’m sure they will find a way out of their predicament, perhaps under a new and different president. ✌️🇺🇸🤗
Thank you once again, Fred. When Howard Lutnick said that Canada’s strategy to wait for a deal was “stupid”, I suspected we were on to something. You just confirmed it.
Exactly, Joanna.
One thing I’ve learned watching negotiations over the years is this...
When the other side starts calling your strategy “stupid” publicly… it usually means your strategy is becoming a problem for them privately.
Canada refusing to rush into a weak deal wasn’t weakness.
It was leverage through patience.
And now inflation, supply chain pressure, and voter anger inside the U.S. are changing the political math faster than the headlines admit.
The Shakespearean phrase "hoist by his own petard" comes to mind. (or at least to my mind, haha) The many things the U.S. has done to harm itself, starting with tariffs, which are paid by the buyer, not the seller, (surprise!) and ending with a war which resulted in the closing of the Straits of Hormuz has put the American economy on the ropes and the population poorer than when they started, before electing their golden haired savior. Add to that the alienation of the country's allies and trading partners who turned elsewhere to buy and sell their goods, resulting in the worsening of the U.S. trade deficit and we have the makings of the perfect storm.
There are many in Canada, as elsewhere, who are reactive and respond with noise and ill thought-out rhetoric to display their angst, their need to defend against perceived enemies and above all to decry the quiet discipline of those governed by logic and patience. We know who they are and where they can be found, whether in MAGA meetings in Toronto or at freedom rallies in Alberta. Apparently there is a part of the brain, the amygdala, that renders these poor souls unable to respond in any other way.
Then there are those who are patient and thoughtful, who see the big picture, the macro of events, and refuse to be goaded by infantile mania. Often these people have become well educated and able to deduce the impact of the many inputs that drive a society and thus formulate a reasonable response. I am so happy that we have elected such a person in these trying times.
Many years ago, when I was involved in day trading futures, I spoke to my mentor of my indecision regarding a particular trade, resulting in me doing nothing. He replied that not taking a position is, in itself, a position. I've remembered that ever since.
Another great article Fred, you’re awesome 💯💯💯🇨🇦💪🏻
As a Canadian with many friends in the U.S., I am of two minds: on one hand I’m very pleased and proud about our leaders’ (Mark Carney mostly) acumen and patience in playing the long game with our southern neighbour. Now that Trump has guided his country into a sinkhole (or as some would say a ‘stink hole’ economically speaking, we, under the wise stewardship of Mark Carney, have weathered the southern shitstorm of the last decade, and have arrived at a fortunate position economically and are benefiting substantially going forward (Sorry for the overly long dissertation) Let me say, I can’t help feeling sorry for all my American friends.)
Going forward, I’m sure they will find a way out of their predicament, perhaps under a new and different president. ✌️🇺🇸🤗
https://glenroberts911399.substack.com/p/the-level-8-mind-in-a-level-4-world?r=1pgr4n&utm_medium=ios