Sheryl Purdy

@DrJStrategy Am so grateful for your wise observations and the eloquence to piece all the parts of the puzzle together 🙏. Thank you for making the time in your busy days for sharing your wisdom. I totally agree with this.. 👌 is an art to block out the bullsh*t and make sense of the facts.

Food for thought. The Myth of Decline, Reversed In 1945, the United States possessed power no empire had ever known. It alone had nuclear weapons, no peer competitor, and no constraint on converting victory into domination. Yet it chose construction over conquest, building Bretton Woods, a rules-based system, and the security architecture that became Pax Americana. America rebuilt the nations it had just defeated. The Marshall Plan turned enemies into allies and devastation into industrial recovery. West Germany became Europe’s economic engine within a generation. Japan rose from surrender to the world’s third-largest economy. American aircraft delivered supplies into Berlin, deep inside former enemy territory. At maximum leverage, the United States chose restraint. That became the moral foundation of the postwar order. The decline narrative mistakes transition for collapse. From Spengler onward, observers have confused adaptation with exhaustion. But decline is not mood it is loss of capacity to act. By that measure, the United States is not declining. American power endures. The U.S. accounts for a quarter of global GDP, dominates technological innovation, and fields, with allies, the majority of deployable military force. The dollar remains the reserve currency. American energy production leads the world. What has changed is not capacity, but sustainability. For decades, Washington has played universal guarantor while expanding domestic commitments and pretending deficits carry no cost. That era is ending. As Kissinger understood, no order survives on power without legitimacy or legitimacy without power. “Power without legitimacy tempts tests of strength,” he wrote. “Legitimacy without power tempts empty posturing.” The task is restoring equilibrium between commitments and capabilities. The Gulf moment presents that opportunity. For half a century, the global economy has operated under the 1979 Iranian Revolution’s shadow: constrained supply, chronic instability, embedded risk premiums. A durable resolution, securing oil flow through Hormuz, constraining proxy warfare, reintegrating Iran into regional order, would dismantle decades of strategic dysfunction. The implications extend beyond the region. China’s model depends on imported energy from unstable suppliers. Constrained supply and elevated prices subsidize geopolitical leverage. Abundant, diversified supply would compress rents, reduce risk, and expose Beijing’s vulnerabilities. Add Venezuelan normalization, the world’s largest proven reserves, and the energy landscape transforms. Sanctioned supply returns, risk premiums compress, and sustained $60 oil becomes plausible. Energy is the master variable. Lower, stable prices reduce inflation volatility, improve capital allocation, raise real growth. Combined with AI advances, the result could be transformative: a productivity cycle driven by cost compression, not debt expansion. The Cold War’s end released a peace dividend financing globalization and the internet age. Resolving the Iran-centered energy order could produce a second dividend, restoring coherence to a strained system. Churchill knew: safety in oil lies in variety. But control over energy is control over the strategic environment itself. The United States is not declining. It is a dominant power confronting unsustainable posture and the opportunity to correct it. Resources remain. Power structure favors the West. Under Trump, investors should assume the will exists and position accordingly. The actions thus far suggest they would be right.

@MikeJamiesonYYC @cognitivecurio 😡 FFS Calgary..thank heavens you are there.. keep up the excellence of your work Sir 💪✅

Council was asked to approve a scoring framework that will rank every capital project for the next decade. The criteria include equity, Truth and Reconciliation, and greenhouse gas emissions scoring. At the time of the vote, the weightings behind these criteria had not been disclosed in writing. I moved a referral asking Administration to provide the weightings and show what funding streams are tied to these criteria before Council was forced to vote on it. That referral lost by one vote.  As a result of my questions, the weightings have since been disclosed at 5%. Five per cent of what? We still don't know what funding streams rely on these criteria.  #yyccc #yycpoli #yyc #calgary

@MarcNixon24 🤞 you tease

YES 100%

@trend_bullish 🤣🤣🤣🤣🤣🤣🤣🤣

Sell your oil stocks…

💡@ABDanielleSmith 🤞

@onechancefreedm Exactly 👌

This is a clean way to make the report look harmless, but it removes the exact parts of inflation that are hurting people. Core CPI excluding rent may be useful for one narrow analytical purpose, but it is not the cost of living. It strips out food, energy, and rental components, then says inflation looks fine. But households do not live in that index. They pay rent, gasoline, electricity, groceries, insurance, medical bills, transportation, and every second order cost that comes from higher energy and freight. The scary part of the April CPI report is not that one cleaned up measure came in at 0.2%. The scary part is that headline CPI rose 0.6% in one month, core rose 0.4%, energy rose 3.8%, gasoline rose 5.4%, food at home rose 0.7%, electricity rose 2.1%, and shelter rose 0.6%. Year over year, energy is up 17.9%, gasoline 28.4%, fuel oil 54.3%, airline fares 20.7%, beef and veal 14.8%, fresh vegetables 11.5%, tomatoes 39.7%, and coffee 18.5%. That is inflation sitting in necessities. The contribution table makes it even clearer. Energy added 0.273 percentage points to the monthly CPI increase. Shelter added 0.214. Food added 0.068. Against a 0.6% headline print, energy and shelter alone explain roughly 80% of the monthly move. Add food, and you are over 90%. So the bond market is not freaking out over nothing. It is looking at an economy where inflation is concentrated in the things people cannot avoid, while real purchasing power is already deteriorating. The Real Earnings report showed nominal hourly earnings rose 0.2% in April, but CPI rose 0.6%, so real average hourly earnings fell 0.5%. The paycheck got bigger, but the worker got poorer. That is the real issue. You can make inflation look calm by stripping out the pressure points. But the household cannot strip them out of the monthly bill. The danger is not just inflation. It is necessities inflating while real wages fall, discretionary demand weakens, credit tightens, and the Fed mistakes a narrow filtered measure for the actual economy.

@iky_fwjett Perhaps she gave birth to a stillborn child, and that was literally the only physical keepsakes of her precious child. No one spoke about this back then. Yes… it is a thing a grieving mother would do. 😢

@Landonforward14 @Lockwood_Hard And enforce it 💪. Happy to pay to have consistent safety…

Calgary’s CTrain free fare zone isn’t keeping downtown safer, it’s blocking enforcement. This week the Infrastructure & Planning Committee voted 7-4 to end it Aug 1. Transit Director of Calgary: safety is the #1 barrier to ridership. Right now anyone can board and loiter for free. Fares give peace officers the authority they need. I voted to end the free fare zone at committee and it was not an easy vote as it has been a staple of our city for a very long time.

Gold…. Pure gold 🤣👌

@RickBellwrites @tony_imbrogno @nate_for_8 might be a good time to stop the insane plan to remove all cars on 26 Ave. SW to install bike lanes along each side, right? 🙄👀

COLUMN. Some cyclists are pissed off but NOT ONE has explained why fewer cyclists in Calgary are using the bike lanes than the activists pushing for bike lanes said would use them. Is that not a fair question? calgaryherald.com/opinion/column… #yyc #yyccc #cdnpoli #ableg #abpoli

@ikwilson aaaaand, that, was his agenda all along. imo

The pipeline debate is missing the bigger problem. As Cenovus’ CEO said today, Canada’s oilsands dialogue has been “myopically focused on the climate agenda,” making resource development and investment uncompetitive with the rest of the world. That is exactly the issue. It does not matter if a new Alberta-to-Pacific pipeline is approved if oil companies cannot take the risk of increasing production to fill it. Carbon taxes, Net Zero mandates, emissions caps, and forced CCS do not create market value. Buyers want reliable supply at a fair price, not a Net Zero premium. Carney’s climate obsession risks turning the world’s third-largest oil reserves into a stranded asset and impoverishing Alberta.

@JackieForrest @Rory_Johnston Was awesome 👏

Really enjoyed the discussion with @Rory_Johnston this week on #ARCEnergyIdeas He describes the oil market reaction to Strait closure as “Sanguine.” We also talk UAE and OPEC split, and a long list of other big questions

@MPelletierCIO Has always been my thesis… that Carney’s was put in place to get access to our pension $… for Brookfield.

I sure hope my CPP doesn't allocate any capital to this Sovereign Debt Fund. The last person I want managing my pension is the LPC.

@MarkJCarney 😡

@nate_for_8 😡

I’ll be planning for the worst, and have lost confidence in the probability @MarkJCarney actually is using ethical best practices and good governance in his strategy here. 😏

@timhodgsonmt Hey Tim… isn’t this literally supposed to be your job to do? Time to get off the pot fella… 🙄

@timhodgsonmt @MarkJCarney 🤨 time’s up on your carbon tax

@CWalcottYYC #ward13 DO NOT VOTE FOR HIM! 👎😡. Our #ward8 in Calgary learned the hard way how he NEVER does what is the best interests of the ward. He never shows up, and condescendingly told us he feels his job is NOT to do what his ward wishes, but how HE interprets is best for the City 😡

It is my pleasure to announce I will be running for the ward 13 seat upon McLean’s vacancy. Councillor McLean and I share such deep values and brotherhood, and it is only right that I continue his good work.

@MarkJCarney you’re a sneaky man with a dark agenda, for which the ‘best interests of Canada’ are nowhere to be seen. Is truly the Carney show. Bad governance personified. 👎😳