The thing about the fashion change reminds me of one of my all-time favorite bubbles, market bubbles, which was the ostrich feather bubble in the 1800s where women would want ostrich feathers for their hats and they became really really expensive and then the bubble burst and all these ostrich farmers u mostly in Africa I think went bust. Yeah, they called the plenary trade and all kinds of shorebirds and and um yeah, it was a it's hard to picture now that you could just without regulation in coastal areas ...

Canada's Trade and Economic Strategy - Canada is doubling down on the Indo-Pacific strategy, focusing on diversifying supply chains and building trading relationships across the region [2] - Canada aims for a Free Trade Agreement (FTA) with ASEAN in 2026 [2] - Canada is prioritizing its sovereign and economic interests through diplomacy, leveraging its natural resource wealth, including critical minerals and energy [5][6] - Canada is actively diversifying supply chains, as evidenced by the Foreign Minister's visit to the Indo-Pacific region [7] Canada-China Relations - China is one of Canada's largest trading partners, although trade with the United States accounts for approximately 80% of Canada's total trade [8] - Canada's strategy with China involves challenging where necessary and cooperating where possible, with a key focus on opening strategic dialogue [9][10] - Canada seeks to balance trade opportunities with the need to address issues such as human rights and the South China Seas in its relationship with China [10] Energy and Resources - Canada possesses a competitive advantage in LNG and is witnessing global demand for its LNG and other energy resources [15][16] - Canada is developing its capacity for LNG and has multiple large national projects, including wind, LNG, and nuclear energy, attracting international investment interest [15][16] Canada-India Relations - Canada is taking a step-by-step approach to mend relations with India, focusing on public security and law enforcement dialogue [21] - Canada and India finalized a joint statement for cooperation on public security, energy, critical minerals, resilient trade routes, and agriculture [5][22] Multilateral Engagement - Canada is the host of the G7 and is actively engaged with G7 counterparts across various government ministries [6] - Canada is a proponent of multilateralism and is committed to promoting multilateral engagement across trade, defense, security, and global organizations [19][20]

Core Insights - Billionaire hedge fund manager John Paulson has achieved significant gains with Trilogy Metals, Inc. following a $35.6 million investment from the Trump administration, which acquired a 10% stake in the company [1][3] - Trilogy Metals stock has surged over 257% from Paulson's average acquisition cost of $1.95 per share, reaching a trading price of $6.97, resulting in total gains of approximately $72 million for Paulson [2][3] Company Performance - Trilogy Metals stock is currently trading at $6.97, reflecting a substantial increase in value since Paulson's initial investment [3] - The investment highlights Paulson's ability to identify undervalued assets in the mining and commodities sector [3] Portfolio Composition - Paulson & Co. holds a diverse portfolio in the natural resources and precious metals sector, including a 37% stake in International Tower Hill Mines Ltd. and significant investments in Perpetua Resources Corp. [4] - Other gold mining stocks in Paulson's portfolio include Seabridge Gold, Equinox Gold, and Iamgold Corp., indicating a strong focus on the gold sector [5] Market Trends - Gold prices have reached a record high of $4,000 per ounce, contributing to the overall performance of Paulson's mining investments [4] - The price of gold has surged approximately 50% in 2025, positioning it for its strongest annual performance in over 25 years [5]

Core Insights - The article highlights the author's background as a recent graduate with a strong focus on equity and commodity markets, valuation modeling, and financial derivatives [1] - The author expresses a keen interest in modeling businesses within sectors such as AI, semiconductors, biotech, natural resources, and mining [1] Company and Industry Focus - The author is actively seeking and modeling new opportunities in capital markets, indicating a proactive approach to investment analysis [1] - The sectors of interest, including AI and semiconductors, are positioned as high-potential areas for investment, reflecting current market trends and technological advancements [1]

Global Demographics and Resources - China, India, Africa, and South America hold the majority of the world's population [1] - These regions also possess the majority of natural resources [1] - They manufacture most of the goods that are purchased with "imaginary money" [1] Economic and Geopolitical Shifts - The world is undergoing rapid change [1] - A significant shock is anticipated for Western society when the current financial system is challenged [1] - The balance of power is shifting due to population, production, and perceived "invasion" [1]

Overview - The article focuses on commodities as raw materials for global manufacturing [1] - The article identifies the top 10 countries with the most value in natural resources [1]

Economic Analysis & Strategic Vision - Canada faces internal division and complacency, hindering its potential [2] - Canada's political system lacks a long-term vision, focusing on short-term issues instead of long-term prosperity [6] - Interprovincial trade regulations impede Canada's national trade, which only constitutes one-third of the economy [7] - Canada's GDP per capita grew by less than 40% of the US's growth, at only 23% over the past 10 years [8] Resource Management & Trade - Alberta sends over 4 million barrels of oil daily to the US at a discount, while Eastern Canada imports oil from Saudi Arabia at a higher price [7] - Canada could increase its GDP by up to $330 billion a year by responsibly developing its energy and natural resources [12] Immigration & Investment - Canada's population has soared at 16% over the past 10 years, three times that of the US [8] - Canada has not taken a strategic approach to immigration, lacking workers in areas like healthcare [9] - Canada has not invested at the same pace as the US in AI, clean energy, and quantum computing [9] Proposed Solutions - Canada needs to act as one nation by eliminating interprovincial trade regulations [11] - Canada should join more alliances with the EU, Japan, and Australia, representing over $20 trillion in market share [13] - Canada needs a merit-based immigration system to attract skilled workers and investors [14] - Canada should invest in AI and space to fuel innovation and secure future jobs [15]

人事变动 - Bank of America hires Todd Giardinelli from Morgan Stanley as head of natural resources and energy transition within its investment-banking unit [1]

Economic Overview - The country possesses abundant natural resources [1] - Despite rich resources, the country experiences increasing poverty [1]