Hello,
We begin at the top with the esteemed Jeff Currie, widely recognized as one of the best commodity specialists globally.
NBF recently released a widely-discussed piece on the ‘population trap’ we find ourselves in. The Globe and Mail followed up with their analysis, shedding light on the increasing number of Canadians recognizing the significant challenges associated with the immigration explosion.
Steve Saretsky delves into the real estate industry in both the local and national contexts, while Vaughn Palmer addresses a statement by the Premier concerning BC Hydro. Many are aware that coal-fired power plants outside of BC charge electric vehicles at night.
On the topic of electric vehicles, the insightful minds at Doomberg wrote a vibrant piece, drawing attention to a diesel truck owner up North. Eric Reguly, in the G&M, critiqued the EV production mandates, using the phrase ‘wrong and outright looney.’
It’s evident that a robust and reliable electrical system is essential, and the Premier recently announced a $36 Billion initiative.
An alarming article in Vic News reveals the extensive debt burden carried by Victoria’s residents, with credit card debt per capita reaching unprecedented levels. This underscores the financial challenges people face with one of the highest cost structures.
The NFL remains vibrant, as evidenced by last year’s statistics where 83 of the top 100 shows were NFL Games (with 19 of the top 20). The exceptional production value of Sunday Night Football games is the focus of a podcast this week on The Daily.
Lastly, Netflix has released a new documentary showcasing Jho Low, which premiered last month. The documentary sheds light on the pervasive corruption in Malaysia, revealing how many in Hollywood benefited, and a poorly chosen investment banker in Asia turned out to be a disastrous hire.
Best regards,
David
Number 1 - Commodities Veteran Jeff Currie on 2024 Markets
https://youtu.be/xLiLCDCZupw?si=LKmkAHgJiKGw2FU0
Jeff Currie, former head of commodities research at Goldman Sachs, explains why he sees a bullish case for commodities in 2024 and focuses on oil supplies, copper, and the need for a mix of “green and brown” energy.
Number 2 -NBF Special Report-Canada is caught in a Population Trap-attached.
As one industry friend says : “Canada has utterly mortgaged its future, pun intended. And even worse, perhaps, is that there is compelling new data showing that countries that respond sooner to demographics with robotics, not mass immigration, are better positioned for the future.”
An immigration system that’s lowering national wealth? Yes, the Liberals did that.-G&M
Number 4- Back patting aside, climate change has made BC Hydro a power importer.-Vaughn Palmer
A more prudent government would not be trumpeting success based on a weekend of impressive results after a year of struggling with drought and diminished reservoirs.’
Number 5- Doomberg- Do As I Say
Rule-by=decree mandates will ultimately condemn the green energy agenda.
Do As I Say – Doomberg (substack.com) “A civilization which leaves so large a number of its participants unsatisfied and drives them into revolt neither has nor deserves the prospect of a lasting existence.” – Sigmund Freud
Number 6- Electric vehicle production mandates, like Canada’s, are so wrong on so many levels and could backfire-Eric Reguly
There is so much wrong with these government mandates – all in the name of fighting climate change and cleaning the air in cities – that it’s hard to believe that Western governments have turned into EV disciples. Putting aside waning consumer demand, here are four reasons why forcing manufacturers to pump out EVs is somewhere between wrong and outright loony. (More costly; Gift to China; Cleaner, Really? EV’s are still cars)
Electrified mass transportation, not EVs, are the answer to emissions – and creating pleasant, walkable cities. Government EV mandates are simply extending, and intensifying, the car culture.
umber 8- Greater Victoria sits in second spot on Canada’s debt map: report - Greater Victoria News
https://www.vicnews.com/news/greater-victoria-sits-in-second-spot-on-canadas-debt-map-report-7296161
British Columbians living in Metro Vancouver, Greater Victoria and the Okanagan are among the most financially stressed Canadians with mortgage and credit card debt weighing heavily, according to a new survey. The study by Savvy New Canadians drawing on Canada Mortgage and Housing Corporation ranks Vancouver Census Metropolitan Area as the region with the highest per capita consumer debt in Canada with just under $361,000, followed by Victoria CMA with just under $306,000. Kelowna CMA, Canada’s fastest growing region, ranks sixth in the country with a per-capita debt of just over $112,000. Victoria’s per-capita credit card debt was $12,874.00 just ahead of Vancouver’s per-capita card debt with $12,332.00.
Number 10- Man on the Run
https://www.youtube.com/watch?v=wIXwu1aWnds
Corruption. Greed. Betrayal. An elusive playboy businessman teamed up with a Malaysian former Prime Minister to orchestrate the biggest financial scandal in Malaysian history. In 2015, leaked financial documents sparked a massive global investigation. Today, one big question remains: where is Jho Low?
We hope you found the Top Ten interesting this week, and are looking forward to another selection of articles, stories, and commentary next week. If you know of anyone else who would be interested in receiving our weekly note, please let me know.
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