I'm slightly curious if Trudeau snuck any of his "feminist economics" nonsense in the deal. And I'm confused what Canada got out of the deal. There must have been *something* but it's not clear to me what it is.

They get the lifting of any US tariffs ... I think they had to give up some farm tariffs. It has been brutal down on the farm. I know, part owner of a farm via inheritance and the pain is here. So this should help the agri-business.

I should say "some" not "any"

But the bigger issue is still china for farmers. Soybeans at multi-year lows ... 8.44 a bushel.

In 2012 the high was 17.50 ... ouch. Depressed farm land values and no farmer is investing in equipment, etc ...

Farmers are getting prices they got back in 2006 - 12 years ago, but prices they pay have gone up 30 to 40%. Ouch!

But farming is only 5.5% of total US GDP, so not many care ...

As debt monetization starts with a vengeance soon, inflation is coming. Commodity bull market may start, though always dubious to call a bottom. Perhaps a good investment, considering everything else is so over priced.

Coffee, grains, sugar are all at multi-year lows. Interest rates rising. If this finally reverses people will cry to high heaven when they have to start paying a true price. People know something is about to happen, making Tim's culture war, go bananas.

That's interesting. Know what's driving it?

The Fed!

...

US now pays more in interest payments than military ...

The US pays a \*\*\*\*ton in interest. I remember hearing that it took all taxpayers east of the Mississippi to pay the interest on the debt. And that was around 2004. We crossed the 100% Debt to GDP ratio just about as Obama was leaving (I forget the exact date, it was very early into Trump's term)

There's a reckoning coming. I can agree there.

Brent cude just crossed $83 a barrel. Just the start of an inflation spiral. Get ready pay. Everything goes up in price.

We're not as bad as Japan (>250% Debt to GDP) but things are going to get nasty.

Yes, I believe Japan will be ground zero for the next crisis.

I actually think it'll be China. But there may not be much difference.

That an Italy.

It's all going to explode.

And then there could very well be war.

True, China crashes as well. And as you say may have wider effects.

China and Japan are both strong enough GDP-wise to take down the whole world economy.

individually.

Italy could be a spark, but if it stays in Italy, it would be relatively confined.

Canaries in the coal mines everywhere: https://www.zerohedge.com/news/2018-09-30/chinas-bond-market-cracks-2018-will-be-record-year-onshore-bond-defaults

The problem with China is that they might already be collapsing and no one would know.

Because the party constrains information so hevavily.

LOL, yes ... who can believe what they say.

They can't control the economy like they think they can.

Yes, in the end the market will win.

But they can kill news of collapses from the masses while the guys at the top quietly leave.

They killed the stock market once when it looked like things were collapsing.

They have a huge housing bubble right now.

But the Fed and other central banks are quite clever ... they have extended this current expansion longer than I thought.

Yeah, we're overdue.

Honestly, this recovery is where we should have been in 2010.

Trump and capitalism will get the blame.

Pretty much.

Ushering in the socialist ... only to tank it further.

Yep.