Elbows were indeed up, it seems.
Any concrete proof this happened ?
I would take this with a grain of salt. Here’s an article claiming the contrary - Online posts claiming Canada ‘offloading’ $400 billion in U.S. bonds are false - although it is from March 21.
No need for AI slop imagery.
It literally only takes away from the article and the entire publication to me.
Yeah, I already have extreme hesitation over clicking any substack blog link. I won’t click in anything with slop, so it seals the deal. Wish the mods gave a shit.
You’ve just proven that for you only the “cover image” is sufficient for judging the book.
I’m old: sometimes the cover misrepresents the book, & good books need to be read, no matter what the cover looks like.
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Interesting theory. Total absence of proof.
Does the theory fit the available facts? Yes.
Do the available facts prove the theory? Absolutely not.
Also the tariffs against Canada are still in place, leaving Canada in a relatively isolated position compared to a couple of days ago. That doesn’t really fit the narrative.
A sound plan. An effective strategy that would give any president pause. However, they overlooked a few key details. While they were playing a master class in chess, Trump was at a checkers board playing roulette and shitting himself. By playing roulette I mean stock manipulation and insider trading while he sucked on checkers pieces and shat himself.
At a $1million dollar a plate dinner at his golf club.
Attributing all the merit to Carney in a time of election seems a bit… optimistic? No doubt he was an insider on this brilliant strategy but giving him the unshared paternity is a bit of a stretch.
Whoever came up with this first isn’t ultimately important : I will gladly vote for someone smart enough to understand the strategy and with the connections to push it and see it implemented. No other PM candidate can have me sleep at night with the trust that we try to protect our interest with the best strategy available for our limited ressources.
Also the “if the US won’t lead the world, we will” comment gave such a hopeful vibe, it reminded me of Obama or Jack Layton campaign style.
There’s some older news from March that could be seen as supporting this …
Canada Files to Sell USD Bonds, Size Undisclosed, Amid Concerns from Mark Carney Over Trade Tariffs
Canada syndicates dollar bond as Carney readies for stint as PM
Canada sells bonds in U.S. as investors shrug off trade war
He’s also got some good will with other nations for helping them out.
Mark Carney’s ‘back of envelope’ idea paved way for Ireland to renegotiate bank debt (Archive link)
And another one from today …
Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading
I think you underestimate Carney, dude is an absolute fiscal archmage.
He knows the levers to pull and buttons to press.
This was brilliantly managed by Canada, the EU, and Japan.
