US job numbers came in at 73,000 for July versus expectations of 110,000, with massive downward revisions of May jobs from 144,000 to 19,000 and June jobs from 147,000 to 14,000, indicating a significant deterioration in labor market data.

BLS survey response rates have declined from 70-75% before the pandemic to 60-65% after, reducing data reliability; surveys have become less reliable than hard data in recent years, with ISM and PMI surveys in 2022-2023 predicting recession while hard data continued to show growth.

China produced 12 million EVs in 2024 versus 2.4 million in the US, giving China 70% of the EV market; China controls 70-80% of global smartphone production; China controls 80% of the drone market; the lithium-ion battery is the common technology linking all three, and Western EV makers must source from China.

China announced construction of the Mouti hydro dam, which will be the largest hydro dam in the world and three times larger than the Three Gorges Dam; such projects cannot be completed in Canada or the US due to government bureaucracy, as demonstrated by the Labrador dam that came online years late and billions over budget.

Canadian unemployment is at 7% nationally, 8% in Ontario, approaching 10% in Toronto, and 14% for youth across the country; these staggering numbers indicate a serious economic crisis that many Canadians are unaware of.

The host (based in Toronto) is long S&P 500 stocks (up ~5% YTD) but short USD as a hedge, resulting in a net loss of ~10% due to the currency decline, exemplifying the problem foreign investors face.

China is building 150 nuclear reactors between now and 2035 as part of one of the world's largest nuclear buildouts in history, and no other country will be able to catch up to this pace.

The US jobs numbers came in at 73,000 versus expectations of 110,000, with May revised down from 144,000 to 19,000 and June revised down from 147,000 to 14,000, representing massive downward revisions indicating economic weakness.

Lithium-ion batteries are the common element across EVs, smartphones, and drones; China dominates battery technology, and all EV makers must go through China for batteries because China is the only source with this technology.

China is announcing the Mouti hydro dam, the largest in the world—three times larger than the Three Gorges dam—which would never get approved in Canada or the US due to government bureaucracy and multi-year delays.

BLS survey response rates have declined from 70-75% pre-pandemic to 60-65% post-pandemic, making job numbers less reliable because fewer businesses respond and responses arrive late, particularly during summer months.

China is currently building 150 nuclear reactors between now and 2035, representing one of the world's largest nuclear buildouts in history; no other country will be able to catch up.

Canada's national unemployment is 7%, Ontario (15 million people) is 8%, Toronto is approaching 10%, and youth unemployment is 14%—these are staggering numbers that most Canadians are unaware of.

Viviano believes Carney is the right person for the job and hopes he can create positive change resulting in higher living standards for Canadians.