IceCap
@IceCapGlobal
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We empower clients with the knowledge to properly understand the uncertainties of global markets. Not Investment Advice.
Halifax, Canada
Joined September 2014
🧵 It's funny and painful to watch so-called Canadian elites argue about something they know little about. Not to mention #1 goal being to GASLIGHT all the time, 24-7. Here's what really happened with Canadian inflation and government. PLEASE share with anyone who's
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Update: The Economic FantasyLand called Europe.
🚨 Germany: Europe’s Growing Tumor? Time to Wake Up! 🚨 In 2008, the European economy (27 countries) matched the U.S. size. Today? The U.S. is 50% larger! What killed the “European Success”? Spoiler: Germany’s fingerprints are everywhere. 😡 1. Germany pushed for Euro
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This is a MAJOR risk that would shock global economies and markets - including Canada. Always be aware of potential risks that are escalating outside your own country and economy.
@mnicoletos @Cpleger1776 The shills will say that China's real GDP is ackshually higher and therefore matches the M2.
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Lower bond yields are welcome news for the Federal Government as they roll over nearly 500bn dollars of bonds over the next 15 months.
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RACE-TO-ZERO! New Zealand taking the lead. As global economy grinds lower, govt tax revenues will decline creating even worse deficits which results in more debt issuance.
RBNZ cut 0.5% to 2.5%, due to “prolonged spare capacity” & to boost to spending. Guidance was dovish with the money mkt allowing for 1 or 2 more 0.25% cuts. RBNZ has now cut by more than other major central banks, as it overdid the tightening. (Macquarie Macro Strategy chart)
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The Loonie continues to diverge from the U.S. Dollar, outpacing the U.S. Dollar weakness vs. Global Majors. This is unusual. Watch this space. Canada cannot devalue its way to prosperity.
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Further evidence of global risk synchronization. Put another way - governments are screwed. Except, Canada of course.
JUST IN 🚨: Japan's 30-Year Bond Yield jumps to 3.32%, the highest level in history 🤯
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$EUR on the brink on next crisis? France is quickly accelerating into political crisis moment. It is being triggered by budgets/deficit spending. Next 48 hours will one of 3 scenarios: 1) Macron appoints another new PM, with another new budget. Likely fails. EU will lose their
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ALL Canadians Benefit From the Export of Crude Oil. The people who block the export of this Energy are acting against the interests of ALL Canadians. This is because Canada is highly indebted, has zero productivity growth, and is suffering from capital flight. Without Crude
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Had the honor of joining @IceCapGlobal @SteveSaretsky and @RichardDias_CFA on the Loonie Hour podcast for the 3rd time! 🙏 These guys always bring the best conversations. We dove deep into: • Why global liquidity surge = bull market continuation 📈 • How stablecoins could
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Canadian Financial Bazooka's are starting. $CAD
Nova Scotia premier defends his government’s historic $1.2-billion deficit
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Prepare for all major countries (except USA) to go this CBDC route.
Lagarde: Accelerating progress towards a digital euro is a key priority. It would help safeguard Europe’s bank-based financial and monetary system by strengthening Europe’s strategic autonomy and ensuring an innovative and resilient European retail payments system.
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Is this the most quintessential canadian podcast of 2025? Let us know
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Big BIG week coming.
We’re sitting down with @BenRabidoux - joined by @SteveSaretsky, @RichardDias_CFA, and @IceCapGlobal for a discussion on Canada’s future. Macro, housing, rates, credit: nothing off limits. Drop your best questions for Ben and the Loonie Hour crew below No softballs
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Every person who is SERIOUS about understanding the global financial system would spend 5 minutes reading this article from @mnicoletos. It should be nominated for article of the year.
Why Comparing U.S. 5-Year CDS to Greece and Italy is Deeply Misguided A chart has been circulating that shows the 5-year Credit Default Swap (CDS) for the United States—currently rated AA+/AA+—trading at approximately 50 basis points (as we speak this spreads have changed a
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Comments on Bank of Canada presser. 1) they still believe they can control/influence inflation using monetary policy - hint, they cannot. Current inflation challenges are supply driven, not demand driven. 2) Implicitly, implied the "previous" Liberal government lied to Cdns by
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Does this also mean Canadian tariffs against American goods are unlawful and unjustified? Does it mean Quebec tariffs against Ontario goods are unlawful and unjustified? Or how about BC tariffs against Alberta goods are unlawful and unjustified? Or are European tariffs against
Canada welcomes the U.S. Court of International Trade’s decision on the United States’ tariffs. It confirmed what we’ve always held: that the American tariffs against Canadian goods are unlawful and unjustified.
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[CANADA] Top-down and bottom-up data points to a deteriorating economy. Investors should maybe brace a financial bazooka from Ottawa.
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