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Ford Trump tariff response exposes the leverage Canada won’t use
The Ford Trump tariff response has generated considerable heat, but the more interesting question is whether the rhetoric is backed by the kind of economic action that would actually change…
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Treasury Bond Buyback Yields Dip, but the Maths Still Does Not Add Up
The consensus read on today’s move is that Treasury bond buyback yields have responded obediently to Scott Bessent’s intervention, with the 30-year rate falling 0.09 percentage…
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Ulchi Freedom Shield exercises cut short as Trump cites Kim Jong Un friendship
The Ulchi Freedom Shield exercises cut short by White House instruction is the headline. The detail underneath (specifically what happened in Pyongyang the same day Trump posted his rationale)…
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July 2026 Retail Sales Drop Masks a Deeper Inflation Problem
The consensus read on the July 2026 retail sales drop is that it reflects the fading of a one-off tax refund boost. That framing is not wrong, but it tidily sidesteps the more corrosive issue…
