Eurodollar University Canada’s Economy Just Collapsed (Worst Since 2020)
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Aug 31, 2025 The podcast dives into the alarming collapse of Canada's economy, with significant declines in GDP and rising unemployment since May 2023. It highlights stagnant disposable income and overproduction issues among firms. The discussion also touches on global implications, suggesting synchronized challenges across labor markets. Experts analyze the ineffective measures by the Bank of Canada in combatting inflation and consider the potential of gold as a reliable asset amidst this turmoil. Tune in for insights on economic strategies and future outlooks!
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Canada's Large GDP Contraction
- Canadian GDP plunged the most since mid-2020, signaling deeper weakness than economists expected.
- Jeff Snider links this collapse to payback from tariff-driven trade distortions and fading trade-euphoria.
Exports, Inventories, And Payback
- Exports crashed and inventories rose as firms reversed earlier tariff-driven shipments and stockpiled goods.
- Snider argues this inventory buildup creates additional future payback and weaker demand ahead.
Gold Needs To Be Spendable
- Snider promotes gold as a store of value but notes it lacks widespread spendability as money.
- He highlights Glint as a solution aiming to make physical gold usable for everyday payments.