We're joined by macro strategist Kevin Muir—famously known online as The Macro Tourist—to break down the massive fiscal deficits pushing markets forward. We dive into the staggering reality of Canada’s new government-funded pipeline project, which is costing a massive $35B+ but driving up to 140,000 jobs.
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[10/07/26, 7:48:33 PM] ~ Jeff: Timestamps:
00:00 Introduction
04:49 Oil, Iran, Pipelines, And More
08:24 Introducing Kevin Muir
13:10 Opposing Views
14:02 Will The Bank of Canada Cut Rates?
15:29 Why The Feds Could Turn Hawkish
17:24 The Bond Market and Kevin Warsh
20:18 Rate Hike Probability
23:17 A Different Rate Cycle
26:04 Modern Monetary Theory
27:19 Government Spending In Inflation
29:20 The Pipeline Story and Fiscal Spending
30:02 Did Deficits Help The U.S.?
32:08 The Rest Of The World Follows
35:37 Canada's Financial Position Globally
37:26 Could Canadian Capital Return Home?
38:54 Another Global Stimulus?
39:40 The NATO Defense Spending Expansion
41:12 Canada's Looming Commodity Boom
44:10 The MMT and Politics
44:55 The Next Major Commodity Cycle
51:26 Why Oil Became An Attractive Investment
54:05 Long Term Bullish Oil Thesis
1:01:26 What's The Next Market Bubble?
1:05:18 Canadian Growth May Take Years
1:06:29 The Alberta Pipeline Story
1:09:39 Canada's Economic Outlook Improves
1:10:00 Is Defense Spending Economically Productive?
1:12:13 Canada's Trade Surplus
1:12:57 All Eyes On The BOC's Next Meeting
Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.
#LoonieHour #canada #macroeconomics