Geopolitics

BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow

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DW NOTE

Carney wants Ottawa to borrow money to create a sovereign wealth fund. Sovereign wealth funds are built from commodity surpluses or trade windfalls — Norway's from oil, Singapore's from persistent current account surpluses. Canada is running a fiscal deficit projected at 1.5% of GDP in 2024. A wealth fund capitalised with borrowed money is not a wealth fund; it's a leveraged state investment vehicle with no equity cushion, betting that politicians can pick winners better than the bond market can price risk.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

Gold Silver Ratio September 2026: Market Insights - GoldSilver

World's largest Sovereign wealth fund to cut U.S. treasury holdings - FXStreet

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