CLICK TO OPEN CHART IN A NEW WINDOW

The U.S. is Canada's biggest trading partner (74% of our total exports and 65% of total imports StatsCan March 2017 data); so we pay attention to our southern neighbour; bigly.

With all of the discussions going on about Donald Trump’s ‘narcissism’, I thought I might offer a broader clinical perspective regarding sociopathic narcissism. Clearly there is great ongoing discussion about Donald Trump’s ‘narcissism’, however, I believe what has been errant in the discussion is that Trump is by definition not just ‘narcissistic.’  Trump’s narcissistic manifestations also appear to be well entrenched in sociopathy.

From a pragmatic standpoint an ‘amount’ of narcissism is necessary for being successful as it is for living.  What is imperative to understand, is that our now president appears to have a definable mental illness that appears to manifest as a narcissistic personality disorder with sociopathy.

This primitive form of narcissism is by definition an intractable and realistically untreatable mental illness that even under the most ideal of clinical circumstances is only manageable at best.  In Mr. Trump’s case it is manifest in apparently shady business dealings and in politically oppressive ways.  However, the etiology is not business per se or political by nature but rather psychological.  What we see manifest in individuals who are primitively bound within this commingled pathological structure takes on the following dynamics:

Sociopathic narcissism is not a diagnosis that is mysterious or one that looks like magical realism.  Rather, like most clinical processes it has a relatively well defined structure (within having almost a complete lack of intrapsychic structure) and is also relatively predictable, once the individual has revealed enough of how their sociopathic narcissistic dynamics manifest.  First, as we have seen demonstrated repeatedly, and using Mr. Trump as an example, narcissists seek out others who will behave in an obsequious manner, not just while in their physical presence but also who will parrot their projections while out of their physical presence.

In clinical circles that possess a familiarity of sociopathic narcissistic personalities, there is a slang that refers to those who encircle a sociopathic narcissist, particularly one with power, as ‘pandering whores.’  The term is clearly derogatory, particularly for those who seek to achieve secondary gain from riding the coattails of a sociopathic narcissistic individual or those who also manifest the same psychological structure, but have not been able to, if you will, get the traction to achieve the ‘greatness’ or notoriety of the one that they cling too.  In essence, they become ‘great’ only in the shadow of the one they bark for.

A primary source of anxiety that lives within the sociopathic narcissist is a terror of ruinous disillusionment which would ultimately terminate in a catastrophic exposure of what is in essence a fraudulent existence.  As the risk of exposure intensifies, be it in a dyad or more macro group structures, their intrapsychic constellation becomes increasing more fragile and their manifest behaviour becomes more erratic.

ON TRUMP
"New Yorkers voted 9-1 against him... we know what he is... he's a 3 card monty dealer, he's a cheap hustler"
Fran Lebowitz - Sept 15, 2017

And Now a Closer Look with Seth Meyers

The Religious Right
​Part of Putin's Playbook

If you want a glimpse of where we’re headed as a country, look to Russia. For years, conservatives — especially fundamentalist Christian conservatives — have held Russia as an ideal to which they could aspire. As Vladimir Putin cracked down on the free press and the rights of his Muslim and LGBT citizens, many conservatives came to see him not as a brutal autocrat but as a paternalistic defender of traditional values. Many white supremacists likewise fawn over Putin’s Russia. Neo-Nazi Richard Spencer, now famous for being punched in the face, called it the sole white power remaining in the world, and Klansman David Duke has said he believes Russia holds the “key to white survival.” J. Ryne Danielson,  February 2, 2017

Why Vladimir Putin does the bidding of the Orthodox Church against the evangelical Christian religions. Copying from the playbook of Joseph Stalin, Putin revived the Russian Orthodox Church to intensify patriotic support and presents himself as a defender of Christian civilization, because he saw the church had an ability to arouse the people in a way that the party could not. 

CLICK CHART TO ENLARGE

Investment decisions are made because one believes there will be a reward. Globally, both corporations and households are drawing down their savings and making investments. But In Canada reward seekers are heavily conditioned.

Carlos Murillo (Conference Board of Canada economist), predicts Canadian (oil sector) industry costs will jump by an average of 13 per cent per year between 2017 and 2021... the peak investment level was $62 billion in 2014... "  The Canadian Press March 13, 2017

Expectations for Canada’s housing market are heating up, with more than half of respondents in a weekly telephone survey predicting home prices will rise, the first time the measure has topped 50 percent in records dating back to 2008... “Consumer sentiment on real estate has gone from hot to hotter,” said Nanos Research Group Chairman Nik Nanos... The latest burst of housing momentum has led policy makers to question whether it’s being led by supply and demand or by speculation.

ITEM: China Commodity Crash Accelerates As Traders "Forced To Destock" ZeroHedge May 9, 2017

​As Citi warned over the weekend, "We suspect that a good number of physical traders that are financially leveraged up to five times have been forced to destock due to rising short-term borrowing costs and the recent sharp price corrections... "Citigroup isn’t alone in saying that some traders may be compelled to sell holdings into a falling market as China tightens. Shanghai Cifco Futures Co. said this week signs are emerging that traders are dumping their holdings.

St. Germain - Sure Thing