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Cake day: 2023年7月1日

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  • Time to thank all politicians in Europe who were reluctant to decarbonate the economy because it’s bAd fOr bUsInEsS.
    Today we count how much money they’re sending Russia by buying gas vs Ukraine by providing military equipment. All good for the business I guess.
    Today we assess how dependent on US gas the EU is in time of crisis. All good for the business too, I guess.
    In this context, rolling back the ban on gas cars in 2035 is another great geopolitical move that will guarantee EU’s future amidst international tension and resources depletion (oil extraction is to drop by half from 2030 to 2050, and that means producers will slow exportations and use is primarily for their internal needs).



  • Trump is actively trying to kill Canada’s car industry. So if China is willing to do so, Canada should lift the tariffs on their EVs in exchange for a quota of cars or components made in Canada.
    Long term, it is probably a better strategy as US car makers are falling so much behind on EVs they could go down in the coming years, especially if they hang on petro-cars.

    As for the military, it’s never too late to start doing the right thing and diversify its sourcing. No more 100% US by default, and require guarantees on supply and independence.
    Europe and other countries have very good and modern equipments also, mind you.


  • I agree with you on what we’ll hear, but I second the other comment: besides the speeches, Carney will move Canada further away from the US.
    He started doing so without saying it too loudly. Only an idiot would not see it. The good thing is only one idiot needs to be fooled.

    To escalate, he has multiple levers at his disposal: the everlasting hesitation between F35 and Gripen purchase, the tariffs on Chinese EV (if they were repelled, US car makers could be driven out of Canada’s market within just a few years). And of course dumping US bonds, but that would hurt Canada too.