The Never-Ending Confidential Documents File

Episode 36 returns to addressing the geopolitical topics of the day. The episode begins with a discussion of the document storage security breaches by various important US politicians, a story that is keeping cable television political commentators busy. Frank also addresses the topic du jour at this year's World Economic Forum, geo-economic fragmentation on the back of the energy crisis caused by the war in Ukraine, the declining relations between China, and tensions between the US and Europe over the US's generous subsidies for electric vehicles. We finish up in North America discussing infrastructure investing in Canada, and the US debt ceiling, including talk on Wall Street of a solution that allows debts to be paid to bondholders exclusively while the government works to solve the debate. Chapters 0:48 - Are All Document Breaches Created Equal? 11:15 - Geo-Economic Fragmentation 17:09 - Is Sending Tanks to Ukraine Crossing a Red Line? 21:31 - The Debt Ceiling and "Payment Prioritization" 25:40 - Will Canada Search for Partners for Infrastructure? This podcast was recorded on January 30, 2023. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.