Distractions

My older brother, Elgin, was born when Nazi U-boats were penetrating the St. Lawrence where they sunk 23 vessels, mostly Canadian, and killed hundreds. War was real. “We made plans,” my mother once told me, “to meet down by the river, in case the family was separated.” And that was in the middle of Ontario. Food was rationed, so coupons for sugar or butter became an alternative currency. Stocks hit bottom a few months after Pearl Harbour.

War’s unlikely now, although you sure wouldn’t know it watching CNN. The kid dictator with a bad haircut in North Korea tried to light up a big missile on the weekend, but it wisely exploded. A US warship armada sails ever closer, and China warns of ‘storm clouds’ and a conflict in which ‘everyone will lose.’ Meanwhile the American president is famously unpredictable, and has hit Twitter finger on the button. The Chicken Littles are telling you to store tuna and ammo and I’m getting asked more, ‘where‘s money safe in a war?’

Hmm. Widespread conflict is remote. Surgical attacks on military installations are less remote. Belligerent threats and warnings of merciless, Biblical retaliation are absolutely expected. And, yes, we’re talking about a showdown between a 70-year-old bellicose billionaire real estate developer and the 33-year-old dictator of an impoverished brainwashed country who likes basketball and murdering relatives. Anything can happen.

This means uncertainty, volatility and risk. The best defence is a balanced portfolio with safe stuff (40%) and things linked to growth (60%) with a broad diversification among asset types, and globally invested. The very reason you want a few bonds, after all, is because they normally go up when stocks go down. Meanwhile preferreds pump out a great dividend and the REITs are not correlated to equities. If hostilities were to erupt, you can therefore ignore your portfolio and worry about Wolf Blitzer’s beard.

But what about the doomers and gloomers who are now trying to talk you into gold coins and buried school buses? What has history taught us about investments in times of conflict?

According to oracle Warren Buffett, in a war cash is trash and you should own equties. “I will still be buying stock. You’re going to invest your money in something over time. The one thing you can be sure of is if we went into some very major war, the value of money would go down. … That’s happened in virtually every war that I’m aware of. … The last thing you want to do is hold money during a war. You might want to own a farm, you might want to own an apartment house, you might want to own securities. During World War II the stock market advanced. The stock market is going to advance over time.”

Barton Biggs is also a legendary investor, whose book “Wealth, War & Wisdom” examines in detail what happens to investors when shooting starts. His first rule supports Buffett – in a war, never hoard cash. Occupied countries have their currencies destroyed, while in the victor nations war debt usually spurs serious inflation, wiping away purchasing power. Hence, you’re far better to hold assets with intrinsic value, or stuff that pays you money to own it.

What about gold? It’s the kneejerk choices of the OMG crowd and, granted, bullion has gained lately as the North Korean situation escalated. Biggs says collecting rocks makes little sense, since you must convert them back to cash to have any utility. Besides, unlike financial assets, you have to store it, hide it, transport it and try to avoid being mugged over it. You can’t really carve off a hunk to buy a meal, nor can you carry it across borders without risk or EFT it to your family. Barbarous relic.

So what else works to practically retain wealth? Land, answers Biggs, especially the kind you can grow food on (not a slanty semi in the city held together with bug spit). Not only will it likely shield you from currency debasement, but you get to eat – which is always a big deal with political instability and hostilities descend.

Stocks? Biggs dittos Buffett. In a war, or times of sustained uncertainty, you never know what the outcome will be, which companies may soar (defence) or dive (consumer) so the best option is to own the whole market. These days, fortunately, there are lots of low-cost exchange-traded funds around giving investors that ability.

The main message here: ignore the sabre-ratting, the disturbers who post telling you to head for the basement and the digital hucksters selling bullion. If a rogue missile flies, or drones invade Korea, markets will lurch – some rising, others selling off. Whether hostility is short-lived or escalates into something nastier should be irrelevant to investors. Going to cash, for example, would be a serious blunder if history is any guide.

The strategy: (a) change nothing. (b) Turn off Wolf. (c) Walk the dog. He doesn’t care.

139 comments ↓

#1 TurnerNation on 04.16.17 at 5:25 pm

Spring is here. Who will have the first sighting of Smoking man?

#2 TurnerNation on 04.16.17 at 5:32 pm

As someone pointed out Who would give notice of such an event. No it’s all trickery. Like the trillions taken from us due to “Cold war”. We all remember actor Regan’s lines. Meanwhile we collaborate with Russia on the space program. There is no us and them. Only elites tightening the noose and roaring with laughter. Jetfuel and boxcutters were used to create the ultimate surveillance state. What’s next?
Trickery.

#3 Leebow on 04.16.17 at 5:43 pm

The best hedge for a war is to live in a country that doesn’t think that it has to right all the wrongs and doesn’t have a young bigmouth leader who has an opinion about everything (including quantum computers)

#4 JAN on 04.16.17 at 5:54 pm

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#5 crowdedelevatorfartz on 04.16.17 at 5:57 pm

The US dont have to invade North Korea.
China will when the “Third Fatty” has pushed them too far……..

#6 Sam the Sham on 04.16.17 at 5:59 pm

A few years ago I knew a few people with more money than brains. A lot of them decide that things were really going to go south and they went out an bought farm land. Their rational was that they could always grow their own food etc. This was really hilarious because these guy didn’t even mow their own lawns in suburbia and they didn’t know a plow from a pitchfork!

#7 Basil Fawlty on 04.16.17 at 5:59 pm

“Biggs says collecting rocks makes little sense, since you must convert them back to cash to have any utility.”
What is the issue with converting metals to cash? Bonds also have to be converted to cash to have utility, yet convertibility is not presented as a negative in bond investment. There is a market for precious metal conversion, just like in the bond market. Biggs needs more training!
Most assets have to be converted to cash to have utility, unless you are bartering.

#8 walking the dog on 04.16.17 at 6:03 pm

Previous US governments should have taken care of North Korea’s nuclear ambitions long time ago.

Too bad they were too busy spreading globalization by not wanting to discomfort the Chinese Communist leaders. Their strategy was #1 on Garth’s list.

It took a “famously unpredictable” president to get the Chinese come to the table to deal with the situation.

Reports are surfacing that US cyber attack destroyed on the launchpad the North Korean rocket, containing Chinese parts, in violation of international sanctions.

Trump actually did not “hit Twitter finger on the button”.

Secretary of Defense Mattis said President Trump was aware of the situation and has “no further comment” on failed North Korean missile test.

#9 Michael King on 04.16.17 at 6:04 pm

Happy Easter Garth and thank you for posting on a holiday. It will be interesting to see the April Vancouver RE numbers. Here in Kitsilano the spring market has produced a lot of new listings and sales to match. Somehow this market still has legs. From a recent Maclean’s article: “Vancouver is still a massively unaffordable city. It takes 46 per cent of the median income to cover the cost of owning a condo, according to RBC’s housing affordability index. (A detached home requires 121 per cent.)” Canadians have lost their minds and you can’t say it enough.

#10 common sense on 04.16.17 at 6:08 pm

What is the unknown unknown here?

Diversion 101.

Why is the USA suddenly returning to Somalia after so many years? Now?

The economy must be so sluggish, it’s time to pull out the artillery. After all, why have it if you can’t use it?

#11 I'm stupid on 04.16.17 at 6:12 pm

My Uncle told me stories of WW2. Living in Europe, his parents had a farm. Food was rationed so what farmers would do was dig a huge hole and burry their crops so they wouldnt have to give it away to the govt to help feed soldiers and starve themselves. People would come from the cities looking to buy food but no one would sell food because money had no value if you were starving. Most families had 5+ kids so it required a lot of food and if the farmer sold his food his family would starve. Terrible to think about, hopefully those days will never be repeated.

#12 Deb on 04.16.17 at 6:20 pm

With an insatiable appetite for international attention, North Korea is ruled by a dynastic communist dictatorship which can only be understood as bizarre and extremely dangerous. This from a country with a GDP the size of Nova Scotia’s, that spends 70% of its budget on defence. Strange days have found us.

#13 Yuus bin Haad on 04.16.17 at 6:25 pm

I dunno – I’ve done alright by stockpiling. I haven’t had to buy toilet paper since Y2K.

#14 Trumpocalypse2017 on 04.16.17 at 6:25 pm

“Land, answers Biggs, especially the kind you can grow food on (not a slanty semi in the city held together with bug spit). Not only will it likely shield you from currency debasement, but you get to eat – which is always a big deal with political instability and hostilities descend”

I am glad to hear you talk of the value of possessing rural land, Garth, something I have also mentioned here.

I do myself, in several provinces, and each place will be a safe alternate home as well as place to store and grow food. Such places will also be very unlikely targets.

I recommend people look at rural Manitoba and New Brunswick in general. Cheap prices and lots of availability.

There are a few other ‘sweet spots’ where my own properties lie that I won’t disclose as I do not want too many neighbours when things hit the fan.

Suffice it to say that low latitude, higher altitude, multiple points of water access and at least two major sources of easily accessible natural protein are useful considerations.

We are now entering Cuban Missile Crisis territory in terms of global tensions.

It may not seem as immediately dangerous to some, but it will be much worse, lasting much, much longer, with multiple permutations and complications due to the unpredictability of the lead actors now on the world stage.

Never before in the last half century has the world had so many leaders willing to say “WTF!” and just drop bombs.

This will not end well.

Prepare.

#15 YUP on 04.16.17 at 6:34 pm

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#16 lifeisgood on 04.16.17 at 6:43 pm

“If things go so badly that the S&P 500 becomes permanently worthless, I have a hard time believing that the people who own gold will rule the world. I think it’s more likely that the people who own steel that is conveniently shaped like guns will control everything, including all of the shiny rocks. At that point, the new currency will be something along the lines of ‘Wash my car and I won’t shoot you in the leg.'” – Scott Adams

#17 not 1st on 04.16.17 at 6:46 pm

The best place to put your money for the next war is in New Zealand farmland.

And for Mr Buffet, there will be no post war boom after the next conflict unless you are long sticks and stones. How is the stock exchange going to function sitting inside a crater?

#18 Millenial on 04.16.17 at 6:54 pm

I’ve got 1/3rd of my RRSP currently invested in GDXJ. I sell it when it gets a bump up, and buy when it’s down. During the inbetween time, when I don’t own it, I find I’m stressed out. Investing – to each their own. I’d never tell anybody what to do with their money.

#19 conan on 04.16.17 at 7:04 pm

Back in 1985 my history professor was asked when he thought the Berlin Wall would fall, and with it Communism.
He answered, these nations are finished once satellite dishes get small enough to hide in a window sill tomato plant garden.

The same thing is happening with NK, but now it is cell phones being smuggled into the country. NK has concentration camps filled with human misery, and the time might be “now” to get rid of Kim. There is no upside to waiting anymore, and China, USA and S Korea are all on the same page.

If there is war, it is just going to be in Korea. Half of NK forces will refuse to fight, and it will be over. We just need to be able to feed everyone.

#20 traderJim on 04.16.17 at 7:11 pm

A rational person would back down in the face of a deliberately unpredictable leader with the biggest and best military behind him.

But L’il Kim is not rational, so anything’s possible.

However, if he doesn’t back down, I put money on either China or his own Generals taking him out before he can do any serious damage.

Once this minor problem is dealt with, stocks are gonna soar.

#21 Nonplused on 04.16.17 at 7:11 pm

Put your dog’s lead vest on him before taking him on that walk. Put yours on too. And don’t forget the tinfoil hat, the mind rays are exceedingly strong these days.

I wonder what the market would be like for a stylish incognito mind ray deflecting hat. Sort of like a baseball cap with an aluminum lining. I guess that would be easy to make so probably not great as a marketing idea.

Anyway, back to more serious geopolitical analysis. I suppost it’s not lost on anybody why Trump fired off 59 cruise missiles and dropped the MOAB. They’ve never used the MOAB before so you have to wonder what high value target they suddenly found in the middle of Tora Bora. Well, they didn’t. I believe both actions were solely intended to give Kim an idea what the opening minutes of a US attack might look like. There was no useful military objective to the attacks other than that.

So the first thing that will indicate to Kim that an attack is underway is a barrage of cruise missiles taking out his air defenses. Then it will seem pretty quiet for a while as a half dozen F22’s, some F-117’s and maybe a few B2’s make sure the skys are safe and eliminate command and control functions. That’s when the C-130’s arrive and some very large explosions start occurring. Of course Seoul will largely be on fire at this point. The 2 Koreas will then exchange artillery fire until the North runs out of munitions, which will take some time.

Seems pretty straight forward and simple. Everyone should be home for dinner. That is so long as China doesn’t get involved. In reality the US will probably loose a couple of planes and a few ships might take hits from submarines, but hey. North Korea will be a smoking ruin with no nukes needed.

Not that there is much in North Korea to blow up as it is. Check out a Satellite map of the area at night. North Korea can be easily identified, it’s the dark area.

One thing that is a little disconcerting about the whole story is how a country so backward as North Korea could come so close to building a functioning is somewhat small by modern standards nuclear bomb and also possibly fitting it to a missile. If they can do it, pretty much anybody should be able to, even some non-state actors. Who’s keeping watch over all the spent fuel piled up in the Ukraine? Is all the Soviet era fissile material really accounted for? Who knows what sort of things you might have been able to buy under the table in these countries when times were rough (still are in the Ukraine)? Even Turkey has the bomb, all they need to do is seize the US bombs wisely stored there so they could be close to Russia. Saves a lot on R&D. Pakistan and India both also have working bombs, as does China, France, England and Israel most likely. Fact is these things are everywhere. It’s simply a wonder one hasn’t gone off yet, especially when you consider the first 2 ever built did go off to no identifiable military ends.

Some things get decided and then remain with us long after there is any identifiable need for them. For example, why does the US store nuclear bombs in Turkey and Germany in today’s age? Both those sites will be vaporized withing minutes of WWIII breaking out, long before they can be loaded on to planes. So the best case scenario is that none of them get stolen, they certainly cannot be used (they are all gravity bombs that can only be delivered by aircraft or pickup truck. Only missile based bombs are useful today.)

Anyway I think I am going to take the tinfoil hat off for a while and watch YouTube. I can watch people crashing their bikes all day, kids especially. Sometimes it’s better to chose the blue pill. Reality doesn’t really matter so long as your version makes you happy.

#22 nobody on 04.16.17 at 7:11 pm

#7 – because the nuts who want to hold gold want to hold real metal gold, because when the lizard people take over they will close all the banks.

On the other hand, there wasn’t a lot of point in holding gold deposit certificates in The bank of Baghdad 5mins after the US invaded

#23 young & foolish on 04.16.17 at 7:16 pm

Haha … time for Mad Max ?

#24 Preppers are Us on 04.16.17 at 7:18 pm

http://www.canadianpreppersnetwork.com/

#25 Doug t on 04.16.17 at 7:49 pm

Just back from vacay in Munich, Rome and France – war is far more likely to peeps over there – it is ugly.

#26 Spectacle on 04.16.17 at 7:55 pm

Hmmm Details. If you look past the old Guy, you’ll see that kid in the background of the pic is in a T-Top, and wearing Pyjamas with Cowboy Boots!

Oh and also……

Here are 11 significant Reasons why You will sleep better over the coming months……….your welcome.

1. Sean Spicer (accidentally?) caused the opposition media to argue that Hitler analogies are ridiculous.

2. The Syrian attack established Trump as a measured and decisive leader. His popularity will rise. Even many of his critics supported the attack.

3. Trump solved for the “puppet of Putin” allegation by attacking its client state, Syria.

4. Trump’s Supreme Court nominee succeeded, albeit the hard way.

5. The healthcare issue is moving forward after the initial trial-balloon that was more of a negotiating step than a real proposal.

6. Tax reform is now on hold for healthcare reform, but no one thinks that is a bad way to go. The savings on healthcare are part of any budget and tax plan.

7. Relations with China look good. Trump and Xi had good chemistry.

8. China is putting the pressure on North Korea like never before.

9. The economy is good, and optimism is high, in part thanks to Trump. (Mostly the optimism part.)

10. Iran is probably a bit more flexible this week after watching the Syrian attack.

11. News coverage had already mostly evolved from “Trump is Hitler” to “Trump is incompetent.” The Syrian attack and the North Korean situation moved Trump to “Effective, but some of us don’t like what he is doing” I wasn’t expecting that to happen before the end of the year.
Thank You Scott Adams, Thank You Garth Turner ( Saint you are)

#27 VICTORIA TEA PARTY on 04.16.17 at 7:57 pm

#7 BASIL FAWLTY

Author Barton Biggs died in 2012. So do not denigrate that of which you know little or nothing.

His advice was born of decades he spent making piles of money on Wall Street, some of it during wartime.

I have read “Wealth War and Wisdom” cover-to-cover more than once.

Of ALL the books for especially younger and more inexperienced investors I cannot think of a better place to start.

Currently I’m reading two other history books:

“Operation Barbarossa – The German Invasion of Soviet Russia” by retired US Army Lt. Colonel Robert Kirchubel,

and,

“Absolute War – Soviet Russia in the Second World War” by British military historian Chris Bellamy.

Many war observers say that World War One was an apocalyptic event. It was.

But the German invasion of the Soviet Union 76 years ago was an apocalypse of, until then, unheard of violence, atrocity, and plain nastiness; eclipsing even the horrors of WW1.

And throughout this amazing event the German General Staff (read: “History of the German General Staff” by Walter Goerlitz) KNEW Germany didn’t stand a chance and would eventually be beaten.

Actually, Germany was trashed and thrashed, in large measure and in so many ways by the Russians alone.

Lesson: History says do not invade Russia. You will lose. So, notice to NATO, redeploy to your home bases. Nothing to see here.

But I digress.

Barton Biggs was a genius of a thinker and a writer.

#7, please understand that this man lived through a part of history that very few folks in this world are left alive to tell you about. Sadly.

Listen also to the ever-prescient St. Garth of I’m Not Kidding Here or Ever Folks.

He knows.

Back to Russia. Next time you visit St. Petersburg there is a very sad place you must attend: a huge place with a giant statue of Mother Russia holding an unfurled wreath in her outstretched arms.

She stands at the far back edge of a cemetery where a quarter of a million Russian civilians are buried.

They were all killed during the 900 day siege of Leningrad (now St. Petersburg) and they died from hunger, sickness, or by German bombs dropped by Stuka divebombers, and other terrifying aircraft, as well as by German artillery.

And then there was the cold. That city is on the same latitude as Whitehorse, Yukon Territory.

World War Two for the Russians is called the “Great Patriotic War.”

“Memories” of that conflict resides in the DNA of every Russian born since 1941.

Period.

Mr. Biggs ALSO has words and observations about Operation Barbarossa and at your peril you deign to not read that book.

Now would be good.

#28 Long-Time Lurker on 04.16.17 at 7:59 pm

The U.S. should send Dennis Rodman as a special envoy to North Korea. Pyongyang can get an NBA team in exchange for a nuclear non-proliferation treaty.

More seriously, two months ago I read that a defecting North Korean diplomat said that the populace was ready to revolt. If Red China and the U.S. can keep the pressure on, there maybe an internal resolution to the matter.

Too bad Kim Jong-Un whacked his half-brother at he start of the year. He would have made the perfect replacement.

#29 Spectacle on 04.16.17 at 8:06 pm

Regarding:
#3 Leebow on 04.16.17 at 5:43 pm
The best hedge for a war is to live in a country that doesn’t have a young ( idiot) bigmouth leader who has an opinion about everything (including quantum computers)

Just a citation for your much appreciated blog entry!

https://www.blazingcatfur.ca › category

#30 akashic records on 04.16.17 at 8:14 pm

If there was WWIII what are the chances of functioning stock exchanges in New York, London, Frankfurt, Toronto?

My guess is that none of them were functional, due to their exposure to networks.

All virtual assets, held in stocks, ETFs were out of reach – maybe forever.

Does any of you have actual stock certificate in your own safe or is it all virtual, a database record entry somewhere, somehow, that can be wiped like Smoking Man’s comment’s, in a second?

Just like money, you mean? — Garth

#31 Setting the Record Straight on 04.16.17 at 8:20 pm

“I recommend people look at rural Manitoba and New Brunswick in general. Cheap prices and lots of availability.”

rural Manitoba or nuclear immolation; rural Manitoba or nuclear immolation; rural Manitoba or nuclear immolation;

Choices in this world are hard!

#32 Setting the Record Straight on 04.16.17 at 8:22 pm

if Cash is trash in War, are not bonds just as bad? If inflation will destroy the purchasing power of cash, then getting your capital back after 3, 5 or whatever years would seem to be a loser.

So does this not affect how we should view your asset allocation recommendations?

Bonds have prices, which generally increase when equities slump. Their job is to mitigate volatility, so a small weighting in government debt has utility. — Garth

#33 Smoking Man on 04.16.17 at 8:24 pm

#21 traderJim on 04.16.17 at 7:11 pm
A rational person would back down in the face of a deliberately unpredictable leader with the biggest and best military behind him.

But L’il Kim is not rational, so anything’s possible.

However, if he doesn’t back down, I put money on either China or his own Generals taking him out before he can do any serious damage.

Once this minor problem is dealt with, stocks are gonna soar.
……

100 % in agreement.

#34 Iraq or Syria? on 04.16.17 at 8:25 pm

“Trump said he was worried that if he didn’t tell Xi about the airstrikes that it would be awkward for him to learn about them after he left the dinner, so he shared the news with him. (Trump then mistakenly said the missiles were launched at Iraq, then [Bartiromo corrected him, saying that it was Syria, not Iraq].)”

See the video at the link below. Both hilarious and frightening. Is there a word to describe the combination of those two emotions?

http://time.com/4736610/trump-chocolate-cake-jinping-syria/

#35 Joe2.0 on 04.16.17 at 8:26 pm

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#36 Joe2.0 on 04.16.17 at 8:41 pm

People leaving countries and coming to Canada because they are concerned about global conditions equates to me failing the smell test?
Seems to me acquiring RE in a considered safe country supports your blog.
Or does that stink?

#37 Dan on 04.16.17 at 8:45 pm

Best part of the post is (c) “walk the dog” if this keeps up buying a dog is looking more and more interesting for my mental health. Garth what type of dog do you propose? Im flipping between chihuaha (would fit in my motorcycle jacket while on the road) or a golden retriever (I figure they’re peaceful animals).

#38 Kool Aid on 04.16.17 at 8:58 pm

#10

Some banksters tried selling me on bank preferreds as a safer investment then bank common stock.

I was told that the preferreds sit one level higher on than totem pole than common stock.

I said, great, so if something goes awfully wrong, at least I’ll have a lock on the owned assets of the bank and be first in line to be made whole should that eventuality unfold.

The bankster said “no”.

I asked how do I purchase equity that puts me first in line should a absolute remote event is realized.

The answer was “you can not” those instruments are available only to pension funds other institutions… bond holders have the most enviable position.

Good economy or bad, war or peace, there is a place for land in all portfolios.

#39 akashic records on 04.16.17 at 9:02 pm

#31 akashic records on 04.16.17 at 8:14 pm
If there was WWIII what are the chances of functioning stock exchanges in New York, London, Frankfurt, Toronto?

My guess is that none of them were functional, due to their exposure to networks.

All virtual assets, held in stocks, ETFs were out of reach – maybe forever.

Does any of you have actual stock certificate in your own safe or is it all virtual, a database record entry somewhere, somehow, that can be wiped like Smoking Man’s comments, in a second?

Just like money, you mean? — Garth

Exactly. Just like money. You don’t even need a war.

“Out Of Cash” – More Than 90% Of India ATMs Run Dry

http://www.zerohedge.com/news/2017-04-16/out-cash-more-90-india-atms-run-dry

#40 meslippery on 04.16.17 at 9:05 pm

Walk the dog. He doesn’t care.

—————-
My poor old German Sheppard thinks more about her arthritis.

#41 Basil Fawlty on 04.16.17 at 9:09 pm

#28 VICTORIA TEA PARTY

I did not realize that Mr Biggs had passed and apologize to all offended by my “denigration” of the man. However, I stand by my argument against his position on gold conversion to cash.

#42 Fred on 04.16.17 at 9:09 pm

re., #10, by the Tech Analyst
Also, I want to point out again (for the 10x time) that preferred shares ARE NOT part of the Bond (safe) mix.

……..

A preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights.. Preferred stock has a fixed dividend rate which makes it a “fixed-income security.”

:)

#43 Ronaldo on 04.16.17 at 9:25 pm

#7 Basil Fawlty on 04.16.17 at 5:59 pm

”Most assets have to be converted to cash to have utility, unless you are bartering”
—————————————————————–
The thing about the barbarous metal is that it can be exchanged for any currency at anytime anywhere in the world. Anyway, you’d be better off investing in the companies that mine the stuff. At the right time of course. Those who were buying in May of 2011 are typical of the persons that buy at the top when the smart money is selling. Most people should not be investing in precious metals.

#44 Smoking Man on 04.16.17 at 9:27 pm

No matter how much hollywood trys. Ain’t never going to be believable chic version of Bruce Willis killing bad guys. Yippy Kiahy MF.

Watching Wanona Erip on net flicks. It dosent work.

Not saying I don’t love that bronze statue of that defiant girl on wall street. And the spirt it convays and give to young girls. Hell I’m predicting my first grand kid is going to be a chick. I’ll take her to that statue and inspire her to be tough and don’t take shit from men or woman.

But I will never be feminist.

Figure that one out mind fd lefties.

#45 Pete from St. cesaire on 04.16.17 at 9:29 pm

One thing that is a little disconcerting about the whole story is how a country so backward as North Korea could come so close to building a functioning is somewhat small by modern standards nuclear bomb
—————————————————-
If North Korea is what we have been told, there would have been no nuke tests or successful space launches. That tiny beleagured nation, in the midst of the most severe economic punishment still managed to do TWO successful satellite launches where the satellites worked afterward, even if only for a short while. That is a MAJOR accomplishment that proves we have been lied to. How does it prove we have been lied to? EASY:

It proves Kim Jong, despite being ruined as much as possible by others STILL managed to provide for Korea an old school North American quality educational system that produced engineers that could accomplish that with no outside assistance at all. You can’t be corrupt and then just produce nukes and successful satellite launches if what little money you get is from coal sold to China, at below regular coal prices and with it paid for that good of an educational system and the research and development projects on top of that!

#46 Smoking Man on 04.16.17 at 9:47 pm

I sold my presious boat yesterday. Tears in my eyes as it pulled away. They were tears of joy.

The day before a dude offered my 20k for it, we shock hands I had a deal. I bought the boat for 17k 4 years ago when cad vs usd was at par.

So knowing how shit works and the buyer might get cold feet I keeped showing it.

A dad in his 30s texted me. What name do you want on the bank draft. Told him mine.

He showes up in his shit pick up truck. On board 3 boys. 12y old 10yr old and a 5yr old.

The kids got on the boat and played boat pilot.

He hands me a draft for 18k.

How could I not say no. Those kids will have the time of there life on it.

Family memories. They guy that offered me 20k Was rich and privlaged thinking he saved 2k from current market value.

I had the boat for 4 years and made a 500 dollar profit while making little kids happy as shit.

Where is my Nobel Pease Prize….

It’s not always about the money.

#47 ww1 on 04.16.17 at 9:54 pm

#45 Smoking Man on 04.16.17 at 9:27 pm

Smoking Man is back?

So what’s with all his posts disappearing from Garth’s archives then?

#48 Mulder on 04.16.17 at 9:56 pm

Smokey, is that really you?

#49 HAM R Us on 04.16.17 at 9:57 pm

#46 Pete from St. cesaire on 04.16.17 at 9:29 pm

if what little money you get is from coal sold to China, at below regular coal prices

_____________________________

WTF you mean by “at below regular coal price”? Are you implying China is exploiting North Korea? If you think the price is too low, why do not you give them a better deal and buy it?

For God’s sake, don’t carelessly spit out such rubbish!

#50 DON on 04.16.17 at 10:02 pm

#35 Iraq or Syria? on 04.16.17 at 8:25 pm

“Trump said he was worried that if he didn’t tell Xi about the airstrikes that it would be awkward for him to learn about them after he left the dinner, so he shared the news with him. (Trump then mistakenly said the missiles were launched at Iraq, then [Bartiromo corrected him, saying that it was Syria, not Iraq].)”

See the video at the link below. Both hilarious and frightening. Is there a word to describe the combination of those two emotions?

http://time.com/4736610/trump-chocolate-cake-jinping-syria/
**********************

yup….YIKES!

Trump doesn’t lie or flip flop…he simply changes his perspective on things when it suits him.

#51 prairiegopher on 04.16.17 at 10:04 pm

We purchased a property at Pigeon Lake, Alberta. It is a 1.5 acre property with it’s own well and lots of space to grow all types of veggies. The lake is loaded with fish. Now is the time to buy as prices are down. If you need a place of refuge this is the place!

#52 nobody on 04.16.17 at 10:07 pm

#46 cf also Apartheid SA and Israel.

It does suggest that the way to defeat N Korea isn’t a blockade but to have the Department of Education go in. Within a few years all their kids would be busy doing gender and racially balanced poems about what it feels to be a nuclear missile – but they wouldn’t be able to spell warhead hydrodynamics let alone calculate them

#53 Ecuador or Bust on 04.16.17 at 10:09 pm

#47 Smoking Man on 04.16.17 at 9:47 pm

I sold my presious boat yesterday.
..
Selling the silverware!!…. next stop ex-pat heaven!

#54 NoName on 04.16.17 at 10:09 pm

@ trampocalipse you are funny

think of this,
peak wood
peak coal
peak oil
peak nat. gas
peak renewable

and soon to come pek prepping.

“Planning for the end of oil”
http://bit.ly/2oEwTG0

#55 Smoking Man on 04.16.17 at 10:12 pm

Shong Branch is going on the market tomorrow.

Two reasons.

The up coming T2 Dr tax. And the fact that I just got a gig in Manhattan pulling in 1350 usd a day. 10 hour day. On contract for a Swiss bank.

I know before the fat lady sings. There is another 400k in it for me.

There is no future here for me. I love my hobbie as vba wizard. And T2 has opened the flood gates to temporary foreigh workers. The big banks that I’ve worked for will make out like animals.

I’m buying more shares but I won’t be a whore and reduce my rate.

It’s the logical thing to do.

#56 akashic records on 04.16.17 at 10:13 pm

#46 Pete from St. cesaire on 04.16.17 at 9:29 pm
One thing that is a little disconcerting about the whole story is how a country so backward as North Korea could come so close to building a functioning is somewhat small by modern standards nuclear bomb
—————————————————-
If North Korea is what we have been told, there would have been no nuke tests or successful space launches. That tiny beleagured nation, in the midst of the most severe economic punishment still managed to do TWO successful satellite launches where the satellites worked afterward, even if only for a short while. That is a MAJOR accomplishment that proves we have been lied to. How does it prove we have been lied to? EASY:

It proves Kim Jong, despite being ruined as much as possible by others STILL managed to provide for Korea an old school North American quality educational system that produced engineers that could accomplish that with no outside assistance at all. You can’t be corrupt and then just produce nukes and successful satellite launches if what little money you get is from coal sold to China, at below regular coal prices and with it paid for that good of an educational system and the research and development projects on top of that!

You need to catch up on your reading about scientists working in the former USSR, developing space industry and weapons out of the Gulag.

Then you need to be current on intel, that shows how Chinese technology has found its way to North Korea’s nuclear weapon program.

Finally, you need to have political imagination, how convenient is it for China to let North Korea nuclear bully North America, claiming, they control the leash, while the Communists in China are getting the most favored trading status from both the Dems and Reps., who are also arranging the same for the entire G8.

#57 DON on 04.16.17 at 10:24 pm

#34 Smoking Man on 04.16.17 at 8:24 pm

#21 traderJim on 04.16.17 at 7:11 pm
A rational person would back down in the face of a deliberately unpredictable leader with the biggest and best military behind him.

But L’il Kim is not rational, so anything’s possible.

However, if he doesn’t back down, I put money on either China or his own Generals taking him out before he can do any serious damage.

Once this minor problem is dealt with, stocks are gonna soar.
……

100 % in agreement.
*******************

I think the failed missile launch was planned. A misfire to show face at home but not bring on an attack. Allowing North Korea to keep building while the US shows it hand ever so slightly. As long as NK doesn’t do anything drastic China will be behind them and most likely Russia as well. There needs to be a spark.

Factoring in Trumpalogic that spark could be anything.

The questions: Will Tump remove all the hard ware and leave without taking a shot? Will he even try diplomacy or is this just a showdown of egos?

Unless China has a (trade) deal to occupy NK after a US strike and remove a US threat, china expands all parties agree – new province under Chinese direction. Who knows?

My bet is the launch failed on purpose.

#58 DON on 04.16.17 at 10:27 pm

#47 Smoking Man on 04.16.17 at 9:47 pm

***************
Nice!

#59 Cristian on 04.16.17 at 10:30 pm

“What about gold? It’s the kneejerk choices of the OMG crowd and, granted, bullion has gained lately as the North Korean situation escalated. Biggs says collecting rocks makes little sense, since you must convert them back to cash to have any utility. Besides, unlike financial assets, you have to store it, hide it, transport it and try to avoid being mugged over it. You can’t really carve off a hunk to buy a meal, nor can you carry it across borders without risk or EFT it to your family. Barbarous relic.:

Gold tends not to be correlated with any of the other asset classes, therefore it can play a role more or less similar to bonds or ETFs. 10% in gold never hurt anyone.
Having to convert it to cash? Of course. Same for stocks or bonds. You can’t go into a store and buy some milk then offer to pay with a VCN share. And selling gold is very easy nowadays.
Store it? Of course, but one also has to store stocks and bonds inside various ETFs, for which one pays a management fee. My safe deposit box costs me $45/year and can hold hundreds of thousands of dollars in gold (if I only had that much…).
Transport it? Again, extremely easy nowadays, and one can buy insurance just in case.
No, you cannot carve it off, but you can buy coins or small bars instead of a big bullion and by selling a coin you can buy meals for a month or two (depending on how much you can eat).
Carry it across borders? Can be done as long as you follow the rules and do it in a legit way. But you can also turn it into cash and send the cash abroad if you don’t feel safe sending the gold itself away.
Having 10-12% in gold for several years made me see the great way it balances my portfolio and gives me a good sleep at night. (Same as bonds, I guess, but in a different way?)

#60 Newbie on 04.16.17 at 10:31 pm

Thank you, sir

#61 Jill Radley on 04.16.17 at 10:45 pm

Garth,
Is there or could there ever actually be a time to hold extra cash on the sidelines?

A 5% cash weighting in a balanced portfolio is about right. — Garth

#62 DON on 04.16.17 at 11:02 pm

#56 akashic records on 04.16.17 at 10:13 pm

…Finally, you need to have political imagination, how convenient is it for China to let North Korea nuclear bully North America, claiming, they control the leash, while the Communists in China are getting the most favored trading status from both the Dems and Reps., who are also arranging the same for the entire G8

****************
Nicely put! Who is gaming who here.

It’s like watching a bad movie.

#63 Steerage steward on 04.16.17 at 11:05 pm

War is real.

My landlady was 14 years old in Germany. She is now 92.

She does not have finger prints because she carried bricks.

Had some good talks with here, gives me a sense of history

#64 neo on 04.16.17 at 11:11 pm

#31 akashic records on 04.16.17 at 8:14 pm
If there was WWIII what are the chances of functioning stock exchanges in New York, London, Frankfurt, Toronto?

My guess is that none of them were functional, due to their exposure to networks.

All virtual assets, held in stocks, ETFs were out of reach – maybe forever.

Does any of you have actual stock certificate in your own safe or is it all virtual, a database record entry somewhere, somehow, that can be wiped like Smoking Man’s comment’s, in a second?

Just like money, you mean? — Garth

********************************************

You mean this stuff? Looks real to me…

http://www.ctvnews.ca/business/43m-in-cash-found-in-empty-nigerian-apartment-1.3368884

#65 Tony on 04.16.17 at 11:12 pm

Gold used to react to war and world events now the correlation is basically zero. Everything is rigged and the holders of gold will get pulverized when this whole war scenario blows over in about 2 weeks time. At that time the FED and bankers will monkey-hammer gold and silver. You can see it right now, silver has no legs and isn’t outpacing gold at a 2 to 1 ratio. The smart money is just waiting to short gold and silver in the next 2 weeks or less.

#66 Steerage steward on 04.16.17 at 11:13 pm

She said that never again would to see bombs over Germany.

Bombs in the streets now

#67 Trojan House on 04.16.17 at 11:15 pm

Not only are the 1%ers on this blog but apparently all the war hawks are on here too!

North Korea???!!! Are you freaking kidding me?? Ha ha ha ha ha ha! They test one crappy missile that blows up in their face and everyone is worried they’re gonna nuke North America into oblivion! That’s too funny. Just ignore the pudgy little leader. Creepy – yes, dangerous – no.

Anyway, somebody mentioned in a previous comment that the people there are ready to revolt. I would probably say that’s true. Let the people of NK solve their own problem. I’m sure it will happen eventually.

#68 TurnerNation on 04.16.17 at 11:28 pm

Notice: under a new directive of the current
Selfie-Pot government this weblog – in its composition of bloggers and blog dogs – must achieve gender parity by 2018.

(This means one Smoking woman?!)

Yours, M41ON

#69 Future Expatriate on 04.16.17 at 11:29 pm

Plan for the best while hoping for the best.

Contrarian advice. Yay.

Beats running up the credit cards if the world doesn’t end.

#70 Smartalox on 04.16.17 at 11:31 pm

Re: N. Korea

Someone in the Clandestine Services earned their paycheque last night… or their black star.

Either way, everyone got to rattle their sabers, and put them away proudly. Now the world gets to go back to making money.

#71 45north on 04.16.17 at 11:34 pm

Sell in Toronto, buy in Ottawa

Sarah Blakely, husband Curtis and their son are pictured outside their three-bedroom home, in Toronto on Friday, April 14, 2017. They recently sold the house for more than $1 million and now expect to live mortgage-free in a four-bedroom purchase in their hometown of Ottawa. THE CANADIAN PRESS/Chris Young

http://www.ottawacitizen.com/life/toronto+homeowners+cash+market/13303464/story.html

so roughly $600,000 is transferred out of the GTA. That money is no longer in the GTA. If 1000 families sell in the GTA and move out that’s $600 million. I’m thinking that’s a very good reason that the housing bubble is about to pop. Now you could argue that money is offset by foreign money coming in to the GTA. I mean nobody is going to prove you wrong but what you could find is that all-of-a-sudden sales just stop.

#72 Deplorable Dude on 04.16.17 at 11:37 pm

Trump has redefining global alliances in a few days. Isolated Russia, and now best Buds with China who are now dealing with the N.Korea issue.

Really shows how abysmal past politicians have been.

Remarkable what he has acheived so far.

https://theconservativetreehouse.com/2017/04/15/president-trump-realigning-geo-political-alliances-and-few-paying-attention/

But no…lets keep talking about Trumps tax returns.

#73 Cici on 04.16.17 at 11:46 pm

#38 Dan

If you are worried about your mental health, don’t get a chihuahua…they are annoying, yappy and tempermental little dogs that could make even the most zen yogi go absolutely beserk. Only crazy, tempermental old ladies have any business taking on those mini beasts.

Garth seems to rescue most of his dogs from shelters. But, do yourself and the dogs a big favour: rent or borrow before you buy or adopt a pet of your own to ensure that you are up for the responsibility. Especially in the case of dogs from shelters…most have already been through a lot of abuse, and don’t need the heartbreak of further rejection or abandonment.

#74 Joseph R on 04.17.17 at 12:11 am

“Besides, unlike financial assets, you have to store it, hide it, transport it and try to avoid being mugged over it. You can’t really carve off a hunk to buy a meal, nor can you carry it across borders without risk or EFT it to your family.”

This is not an endorsement to buy gold but only for information.

The Royal Canadian Mint (RCM) issues ETR (Exchange-Traded Receipts) of gold and silver on the TSX: MNT.TO (Gold) and MNS.TO (Silver)

Theses ETRs are easily tradable (you buy and sell them just like you would with a stock) and are backed in full by the Government of Canada. Each ETR represents a portion of the Canadian entire Gold and Silver reserve.

There is an annual fee of 0.35% per ETR.

For more information:

http://www.reserves.mint.ca/

As far as using Gold as part of your portfolio, I would urge anyone to read academic works on that subject. “the Golden Dilemma” written by Claude B. Erb and Duke University’s Campbell R. Harvey, looks at how well several goldbug arguments hold up. You can download a free copy at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2078535

Interesting bit of history: To demonstrate the compounding value of gold, the researchers looked at pay for a Roman legionary, in the era of Emperor Augustus (27 B.C.-14 A.D.), who was paid a salary equivalent to 2.31 ounces of gold. A centurion was paid a salary equivalent to 38.58 ounces of gold.

Converted to U.S. dollars, the pay of a Roman legionary was about 20% that of a modern day private in the U.S. Army and the pay of a centurion was about 30% greater than the pay of a captain in the U.S. Army.

There is little or no income growth in military pay over 2,000 years. Interestingly, this conclusion is not that sensitive to the final price of gold.

#75 traderJim on 04.17.17 at 12:21 am

#58 Don

“Will Trump even try diplomacy”

You aren’t paying very close attention if you haven’t seen Trump meeting extensively with the leader of China and also putting them in an awkward position by stating in the most matter-of-fact way that if China doesn’t solve the Kim problem, then the USA will.

That one tweet has resulted in China doing more to rein in L’il Kim in the last week than Obama got them to do in 8 years. (rejecting coal from NK and buying it from the US instead, etc)

#76 Pete from St. Cesaire on 04.17.17 at 12:26 am

Then you need to be current on intel, that shows how Chinese technology has found its way to North Korea’s nuclear weapon program.
Finally, you need to have political imagination, how convenient is it for China to let North Korea nuclear bully North America, claiming, they control the leash, while the Communists in China are getting the most favored trading status from both the Dems and Reps., who are also arranging the same for the entire G8.
———————————————————
Yes, I was hoping someone would chime in and finish my essay for me. The other 2 possibilities which I didn’t mention are:
1: N.Korea has done no testing at all and have no more technical prowess than does The Gambia. The lie here would be that the whole tense military standoff is just a charade. More ‘weapons of mass destruction’ B.S. as a means to a political ends.
2: The West or the Chinese have been feeding N.K. the armaments. The lie here would be that either we are supplying the ‘terrorist’ regime or our ‘most favoured nation’ China is doing so, therefore Kim isn’t the problem at all, it’s OUR treasonous leaders and their allies.

#77 Damifino on 04.17.17 at 12:40 am

#68 Trojan House

Creepy – yes, dangerous – no.
———————————–

Not if you’re a South Korean.

#78 Nonplused on 04.17.17 at 12:50 am

#46 Pete from St. cesaire

I guess my point was these things are easier to come by than one might think now that the cat is out of the bag. North Korea is a prison state with hardly any street lighting, which is why it is so dark at night from space. The people are malnourished even the army. But yet they can build a nuclear bomb (whether it is weapons grade yet we don’t know they blow them up in caves), and missiles (even though they aren’t very reliable). But realistically, the technology to build missiles with fission bombs on them was available to the US by the 60’s. This computer that I am typing on now is probably more technologically advanced and difficult to build. My guess is that there are fewer countries in the world that can build something similar to an Intel Core i7 chip than have nuclear weapons of one form or another. All you need is a surprisingly small amount of plutonium and the good sense not to poison yourself while putting it together, and the US managed it in 1945 before they had perfected a useful jet engine. So United Airlines is now offering frequently flyer miles for the distance they drag you off of technology that is more complicated than a fission bomb. Fusion bombs are more complicated, but also overkill. Literally. There really isn’t a reason to drop that kind of boom all in one spot. But the US, Russia, England, France, and probably China all have those too.

#79 I dont watch news on 04.17.17 at 1:03 am

No news for me. I had enough of the same old story telling . Whats this WW3 talk? You know what i dont want to know. The news is the same story minus the difference in weather. Same sporting bs with scores and stupid player talk. News will make you crazyk

#80 Joseph R on 04.17.17 at 1:05 am

To add to my previous post, authors Claude B. Erb and Campbell R. Harvey wrote “The Golden Constant” in 2015, revised in Nov. 2016.:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639284

Most striking point: In 2012, when gold was trading at $1,700, Harvey successfully predicted the price would drop. He published research showing that if gold kept up with inflation, it should have been $825 per ounce.

In his new 2016 conclusion: “A golden constant framework suggests that $840 an ounce is a possible estimate of gold’s “fair value” and
that the price of gold could fall as low as $353 an ounce. Thought of in terms of possible real returns over
the next 10 years, an expected real return for gold is about ‐4.4% per year using this notion of “fair value”
and in the case of an “overshoot” scenario, the real return of gold could be about ‐12.4% per year.”

#81 JAN on 04.17.17 at 1:18 am

DELETED

#82 I'm stupid on 04.17.17 at 1:46 am

The dog that barks never bites!

Obama never barked but he was a bad ass. He was making jokes at a State dinner while he ordered the operation to kill Osama Bin Laden. I honestly don’t think Trump has it in him. He seems like a person who can’t separate emotions from logic. That could be a big problem. Acting emotionally can result in an over reaction.

#83 mouldyin YVR on 04.17.17 at 2:08 am

Long time renter in YVR – I’m finally getting the boot from owners who see either storm clouds coming in terms of ‘major building failure’ or a windfall too great to pass up! (one hot condo market in the ‘hood)
Their gain – my loss – now forced to leave a city I grew up in, worked in and hoped to retire in – going into a new rental in Vancouver at current prices – just ain’t gonna happen for this ‘resident’.

#84 Ponzius Pilatus on 04.17.17 at 4:03 am

#26 Doug t on 04.16.17 at 7:49 pm
Just back from vacay in Munich, Rome and France – war is far more likely to peeps over there – it is ugly.
—————
Obviously you are an expert in EU affairs.
Can you explain what you mean.
Thank you.

#85 Ponzius Pilatus on 04.17.17 at 4:15 am

#64 Steerage steward on 04.16.17 at 11:05 pm
War is real.

My landlady was 14 years old in Germany. She is now 92.

She does not have finger prints because she carried bricks.

Had some good talks with here, gives me a sense of history
—————–
Berlin was about 80% destroyed.
5 million German soldiers were killed and many more in Russian prisoner camps.
So it was up to the Truemmer Frauen (Ruble Women) to rebuild the city brick by brick.
My mother was one of them.
True heroes, all of them.

#86 BillyBob on 04.17.17 at 6:54 am

#53 nobody on 04.16.17 at 10:07 pm
#46 cf also Apartheid SA and Israel.

It does suggest that the way to defeat N Korea isn’t a blockade but to have the Department of Education go in. Within a few years all their kids would be busy doing gender and racially balanced poems about what it feels to be a nuclear missile – but they wouldn’t be able to spell warhead hydrodynamics let alone calculate them

====================================

hahahah! Wait…no…that comment makes me sad because it’s true.

Oh who cares. hahahahahah! Best comment of the month.

#87 A Reply to #51 DON on 04.17.17 at 7:21 am

Don, in the video, Trump was obviously confused over which Middle Eastern country he attacked, and I seriously doubt he could even point out Iraq and Syria on a map of the Middle East.

#88 Wrk.dover on 04.17.17 at 7:58 am

I ditched a connecting flight home from Toronto and took a car for a week.

Here is what I learned in Ontario, for Garth’s sake.

On a the north side of the middle of Dundas Street in Woodstock is an ice cream / yogurt shop that charges by the actual gram amount of each hand scooped then weighed cone.

Seemed anal at first blush, then I realised it was the perfect transaction. No winner, no loser, no gamble just an honest sale.

What’s next, less $ for black coffee? I can only hope so.

#89 jess on 04.17.17 at 8:28 am

bridge open on one side not the other …vision of what could be?
Dandong New Zone stand testimony to the failure of those engagement efforts. Apartment complexes with fancy names like “Singapore City” lie bare or half-finished, and shopping malls empty or at very low capacity.
http://www.reuters.com/article/us-northkorea-nuclear-china-idUSKCN11H05F

========================
The number of empty residential units has also been sharply on the rise and the minister, citing official statistics from the previous fiscal year ending March 20, added that currently the country has some 2.58 million empty homes, 490,000 of which are in the capital Tehran.

“These empty homes are worth $250 billion while all the companies currently listed on the stock market are worth $110 billion, meaning that we have twice the total worth of our equity market locked in empty homes,” he added.

dubai
“These ‘accidental’ landlords are competing for a limited pool of tenants and this is hampering the rental market’s ability to register any meaningful growth.”
Dubai landlords are lowering rents, extending leases to keep tenants

In a bid to keep their apartments occupied, landlords are agreeing to rental reductions, extensions
http://gulfnews.com/business/property/dubai-landlords-are-lowering-rents-extending-leases-to-keep-tenants-1.2005407

#90 jess on 04.17.17 at 8:33 am

We are all doing it’: Employees at Canada’s 5 big banks speak out about pressure to dupe customers(cbc)
==============
negative news on banking …dividends usually go up!

“individuals manipulated the U.S. dollar-denominated sovereign, supranational and agency (SSA) bond market….
The amended lawsuit says lawyers for the investors have obtained transcripts of hundreds of electronic chats between the alleged conspirators, covering over 300 trading days.The suit says the alleged collusion began as early as 2005 and lasted for nearly a decade.

“This case concerns a brazen conspiracy to manipulate the market for U.S. dollar denominated supranational, sovereign, and agency bonds,” the lawsuit claims. “Rather than the dealer defendants competing with each other for the purchase and sale of SSA bonds to investors and to each other, the dealer defendants worked as one team.”

#91 Trumpocalypse2017 on 04.17.17 at 8:49 am

Just one reason why things will get worse:

http://www.msn.com/en-ca/news/other/trump-sabre-rattling-on-north-korea-has-a-flaw-kim-jong-un-has-nothing-to-lose/ar-BBzT2CI?ocid=mailsignout

Nothing to lose.

Plus:

Russian and Chinese navies now getting involved.

http://www.telegraph.co.uk/news/2017/04/17/china-russia-dispatch-ships-shadow-donald-trumps-armada-approaches/

How fast can this escalate?

Just watch.

#92 Victor V on 04.17.17 at 8:57 am

Suddenly, Canada has one of the world’s fastest growing economies — but is it real?

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/news/economy/suddenly-canada-has-become-one-of-the-worlds-fastest-growing-economies-but-is-it-real&pubdate=2017-04-17

#93 Home Scalpers / Flippers Beware on 04.17.17 at 9:10 am

You have 12 days to unload your inventory…..

http://news.nationalpost.com/news/world/ontario-finance-minister-hints-upcoming-housing-measures-will-target-property-scalpers

#94 NoName on 04.17.17 at 9:13 am

ww2

Let me tell you story about my G-ma and how tobacco saved one family. G-ma told me this many times, ww2 G-pa was away, and she was running low on food 3 of the toddlers kids, occupying army took some cattle, and shortly after “liberating” army took all what was left basicly anything edible. She also told me that liberating army was more cruel and vicious than occupying army, i guess because they were communists…
Basically noone give crap about 3 toddlers with her, but luckily for her and my aunts and uncles at she harvested and stash tobacco leaves somewhere.
so long story short she went on her feet hundreds of miles away traded it for grain and food.

No word of the lie here.

#95 NoName on 04.17.17 at 9:24 am

#68 Trojan House on 04.16.17 at 11:15 pm

Not only are the 1%ers on this blog but apparently all the war hawks are on here too!

North Korea???!!! Are you freaking kidding me?? Ha ha ha ha ha ha! They test one crappy missile that blows up in their face and everyone is worried they’re gonna nuke North America into oblivion! That’s too funny. Just ignore the pudgy little leader. Creepy – yes, dangerous – no.

Anyway, somebody mentioned in a previous comment that the people there are ready to revolt. I would probably say that’s true. Let the people of NK solve their own problem. I’m sure it will happen eventually.

—-

Mr Trojan you should know that war, crime and religion 3 biggest business world wide. n k wont collapse from inside it will need nudge from outside.
watch just first 10 min if you cant find an hour, but basicly is 1/2 hour if you put youtube on 2x speed that is how i watch youtube.
Answer why was MOAB dropped other day was in those first 10min.

http://bit.ly/2omFZ6O

#96 Lee on 04.17.17 at 9:35 am

National Post story today says we now have bidding wars in London, Ontario. Story recently about the same thing in Guelph. Guelph! Looks like nobody can go wrong with Ontario real estate. We are lucky to be so blessed. Ms. Keesmaat now also believes there is no bubble in Toronto. The Chief Planner for Toronto the Great no less! Singles now going to 2M in Richmond Hill that were going for 1M last year. Things can only get better.

#97 traderJim on 04.17.17 at 9:41 am

I woke up today to big, beautiful mushroom clouds on the horizon.

Wait a sec, no I didn’t, everything’s the same as yesterday.

Imagine that, all these hysterical people can’t be wrong again, can they?

#98 M on 04.17.17 at 10:04 am

Yellow unloved is the one of the best investment for the year.
One of the best last year too, INCLUDING the downside.
:)

#99 Stock Picker on 04.17.17 at 10:25 am

Canada grows best in G7 yet Poloz stomps on rates and dollar every chance he gets…..nonsense only a liberal would love. Keep spending Junior….Poloz is keeping it cheap for no other reason than irrational support for liberal mistakes. Ditto….nothing like good war for meatals producing companies….let’s bomb something….anything.

#100 Ronaldo on 04.17.17 at 10:49 am

#81 Joseph R on 04.17.17 at 1:05 am

Makes no sense whatsovever when you consider the cost of production at around $1200 per ounce. To suggest that gold could fall to $353/oz would require that production costs would have to be cut by 70%. Ridiculous.

#101 crowdedelevatorfartz on 04.17.17 at 10:51 am

@#32 Setting the record straight
“rural Manitoba or nuclear immolation; rural Manitoba or nuclear immolation; rural Manitoba or nuclear immolation;”
********************************************

Good one.
I’m more concerned about Nuclear Manitoban Mosquito Mutations.
Hordes of them as big as your head flying all year round. Attacking anything that moves including zombies.
Good luck picking weeds in the veggie garden or protecting your cows from being carried off in a cloud of buzzing insectoid beasts
But, then again.
The endless nuclear winter should eventually take care of all that…..just dont eat the radioactive yellowcake snow.

#102 palfha on 04.17.17 at 10:52 am

You can carve up gold!

https://www.combibar.com/

#103 IHCTD9 on 04.17.17 at 10:54 am

#97 Lee on 04.17.17 at 9:35 am
National Post story today says we now have bidding wars in London, Ontario. Story recently about the same thing in Guelph. Guelph! Looks like nobody can go wrong with Ontario real estate. We are lucky to be so blessed. Ms. Keesmaat now also believes there is no bubble in Toronto. The Chief Planner for Toronto the Great no less! Singles now going to 2M in Richmond Hill that were going for 1M last year. Things can only get better.
________________________________________

Those that sold out of the GTA are bailing out and buying in smaller town Ontario. I’ve heard of multiple bids coming from these guys east of Cobourg – it’s what they’re used to I guess. These folks are the winners of the Toronto RE bubble, and they are creating a new collection of winners out here. I mentioned earlier two couples I know who listed in the last month or so – both houses went last week with short closing dates.

I have to laugh though, I see some speculative purchases out in Prince Edward County which is experiencing so-called “gentrification”. Not long back, a corn field sold for 600K to some guy out of Toronto. Whoever buddy is, he is the laughing stock of like two small towns nearby. Hopefully the guy lives to be 600-800 years old so he can grow enough corn to break even. There’s no chance at flipping or developing that land for profit short of a greater fool, or a life long effort at development – pumping RE like a Michelin and fighting City Hall every step of the way. I’ve already seen the local good ol boys stripping the trees off the fence lines for beer money LOL!

P.E.C. is known as “the County” out here. It’s “where all the rednecks live” LOL! More empty beer cans and bottles per mile laying in the ditch out there than anywhere else in Canada. It’s truly amazing what happens to RE when a few locals try their hand at growing grapes…

#104 paulo on 04.17.17 at 11:03 am

Is the Chinese goverment missing a opportunity here
i am sure they have figured out long ago that this guy in nk is more of a liability than a asset.
why not pick up the phone call trump and offer to clean up there own back yard in return for some concessions such as a trade deal,removal of offending missile system in sk and a few other issues
in return send in some crack troops round up this clown and his stooges,dispose of same and liberate the oppressed citizens of nk, making them proud new citizens of china. its a win win China saves face big time, looks like the responsible superpower they are, and eliminates one of the greatest threats to peace on the planet. the world cheers ….. than i woke up, good dream.

#105 meslippery on 04.17.17 at 11:06 am

#69 TurnerNation on 04.16.17 at 11:28 pm

Notice: under a new directive of the current
Selfie-Pot government this weblog – in its composition of bloggers and blog dogs – must achieve gender parity by 2018.

(This means one Smoking woman?!)

Yours, M41ON
——————–

Smoking Hot Woman

We have one take a bow.

#106 IHCTD9 on 04.17.17 at 11:17 am

#89 Wrk.dover on 04.17.17 at 7:58 am
I ditched a connecting flight home from Toronto and took a car for a week.

Here is what I learned in Ontario, for Garth’s sake.

On a the north side of the middle of Dundas Street in Woodstock is an ice cream / yogurt shop that charges by the actual gram amount of each hand scooped then weighed cone.

Seemed anal at first blush, then I realised it was the perfect transaction. No winner, no loser, no gamble just an honest sale.

What’s next, less $ for black coffee? I can only hope so.
______________________

The owner probably buys by the theoretical KG. That would be at LEAST 1 kg, but usually a little more if the tub was weighed to keep customers from complaining. Lots of bulk sales are done like this – buy a cord of firewood, stack it and measure it – you’ll find you got a little extra – same with a load of logs.

Proprietor can now sell those grams he didn’t pay for in the first place – and sounds all fair about it to boot :).

Steel industry does the same thing. Theoretical weight of a sheet of 11ga 48″ x 96″ is 160 lbs. Warehouses sell based on theoretical weight, but buy based on actual coil weight. Steel mills can roll a lot more accurately than they used to, and ASTM A1011 allows 11GA to be .110″-.130″ (11ga should be .120″) so 11ga can be legit and reliably held to .112″. A .112″ sheet 48″ x 96″ will weigh about 148 lbs, so the buyer is paying for 12 lbs of steel that was never delivered x however many sheets purchased every time.

The opposite is true when you buy an expensive alloy like C276/Alloy 400 etc where you pay on actual weight shipped – suddenly the sheets weigh a little more than they should every time LOL!

#107 crowdedelevatorfartz on 04.17.17 at 11:29 am

@#69 Turnernation
“bloggers and blog dogs – must achieve gender parity by 2018….”
*******************************************
Bill C-16
As for “Smoking Man/Woman” you are entirely missing the point.
Smoking Person or “Smoking They” would be the correct description for “ze” or “zer” under the Liberal Bill C-16 equality standards.
Which begs the question.
Why do we call new laws “Bill’s”?
A male domineering label surreptiously inserted into the public domain by a paternalistic neofascist elite determined to protect their way of life through inexorable , unconcious, subtle indoctrination.
Thus when one breaks the gender neutral C-16 Law ……you will end up in Court.
And as you enter you will pass a statue called “Lady Justice”.
The Scales of Justice should also be a gender neutral. They should be smashed or rendered inoffensive in the eyes of any one person that complains that they feel uncomfortable looking at them….
These statues of a female(ugh! another male domineering label) should be rendered gender neutral and the sado masochistic blindfold should be removed as well as the Freudian sword in the right hand.
The scales can stay until its determined they do not represent “Equality” and “Balance” but are a symbol of “Expense” and “Bankruptcy”.

C-16….. an Orwellian mindcontrol doublespeak “Law” like no other.
Animal Farm is real and the pigs rule.

You will obey or be sued into fiscal oblivion….because as our fearless, fiscally irresponsible, drug smoking, selfie posing, tattoo’ed leader has implied …….its 2017.

#108 NoName on 04.17.17 at 11:32 am

Trumpocalypse2017

i was kind-of thinking, very unusual for me to do that but i gave it a try anyways…

so russian and chinese ships

if nc decides to use just conventional weponds, and considering how massive casualties (hundreds of thousands, maybe millions) would be in a sc in short span, now add possibility of kju using unconventional stuf, casulties in millions, i doubt that russia and china are there to oppose us, if strike happens.

they are there to erase similarities between ch ru and nc. me thinks…

#109 Connor D. on 04.17.17 at 11:33 am

So the North Koreans are the brainwashed ones? That’s funny.

#110 Joseph R on 04.17.17 at 11:34 am

#101 Ronaldo on 04.17.17 at 10:49 am
#81 Joseph R on 04.17.17 at 1:05 am

Makes no sense whatsovever when you consider the cost of production at around $1200 per ounce. To suggest that gold could fall to $353/oz would require that production costs would have to be cut by 70%. Ridiculous.

————————————————-

Gold, like most commodities, shows price elasticity of demand (PED); The buyer sets the price of a commodity, not the seller.

Who argues that junior miners are a good investment?

#111 NoName on 04.17.17 at 11:36 am

#102 crowdedelevatorfartz on 04.17.17 at 10:51 am

well sad!!!

whole preppers movement is based on a “fact”, that Homer will go to work diligently….

#112 crowdedelevatorfartz on 04.17.17 at 11:42 am

@#73 Deplorable Dude.
“Trump….Remarkable what he has acheived so far….”
********************************************

The general (pun intended) feeling amoung most political observers is that President Trump is giving his Generals a much freer reign than the previous President.
That being said President Obama allowed a vast escalation of drone strikes “in country” than any other President before him.
He and his advisors realized that after the 1st gulf conflict, the Afghanistan conflict, the 2nd Gulf conflict, and on and on and on……..
The American public is tired of seeing its youth arrive home in body bags…..
Trump has been in power less than 100 days and his popularity ratings are at epically lower records for a new President.
Lets give him a year shall we? Then we’ll see if his Generals still have a free reign or if he’s been forced to yank back on their reigns.

#113 westcdn on 04.17.17 at 11:53 am

Hmmm, our host has a dislike for barbaric relics. I hold some gold stocks and a small amount of physical gold as well as some tuna, a pot bell stove and extra toilet paper. I consider them as insurance at a negligible cost to me. Unless a nuke lands on my head, I will tough it out.

I am looking for a Canadian hero, much like Mellissa in the Kia commercial where she is a social warrior sung to a song I like. I like music with a heartbeat but that doesn’t preclude me from appreciating other types including country. Dave Carroll could be my Canadian hero.

https://www.youtube.com/watch?v=5YGc4zOqozo

I have many mistakes left to be made meaning I will be learning for the rest of my life. I was playing around with my self-directed investment accounts and noted a transfer in kind option. I transferred a few gold stocks to my TFSA from my margin account. Easy peasy and no cost. Sweet and I crystallize a capital loss. I now have another tax planning tool. My life is about keeping options open. I should have done better in life but given the hand I was dealt and the lack of luck still not bad. However, frustration is a companion of mine when my plans in my tiny Canadian world go to hell.

#114 RedneckBluecollarWhitetrash on 04.17.17 at 11:56 am

Farm land prices have been experiencing their own bubble, recently a 100 acre farm near Lucan ON sold for $2.2 million, pure speculation as the ROI would take forever with current corn and bean prices.
Meanwhile, farm land prices in the corn belt USA are below $10000 an acre, where yields are higher and inputs are cheaper.
Same thing happens every time a farm comes up for sale, rich farmer buys it borrowing against what they already own, then proceeds to tear down every tree and building for a few extra bushels of corn.
Forced urbanization, it’s happening globally.

#115 Cottingham a bargain on 04.17.17 at 12:05 pm

#97 Lee on 04.17.17 at 9:35 am
National Post story today says we now have bidding wars in London, Ontario. Story recently about the same thing in Guelph. Guelph! Looks like nobody can go wrong with Ontario real estate. We are lucky to be so blessed. Ms. Keesmaat now also believes there is no bubble in Toronto. The Chief Planner for Toronto the Great no less! Singles now going to 2M in Richmond Hill that were going for 1M last year. Things can only get better.
——

Yup, I totally called this one up to two to three years ago . Richmond Hill , west side between Hwy7 to major Mack has been and will continue to be an absolute gold mine for RE appreciation. Mill pond area also good .

Yonge st baby. Natural middle of the GTA

#116 A Reply to #113 crowdedelevator on 04.17.17 at 12:54 pm

I like your confidence and optimism (that we’ll be around in a year).

#117 Doug t on 04.17.17 at 12:56 pm

#85

yis i am

#118 conan on 04.17.17 at 1:10 pm

RE#105 paulo on 04.17.17 at 11:03 am

China can march into Pyongyang without having to go through the DMZ. No one is going through the DMZ unless they want WW 1 type losses.

China could be telling Kim right now that he needs to step down and in return, a low level billionaire life style.

Kim will say no because of his “concentration camp” problem. It is common knowledge that NK is hiding atrocities right up there with the Nazis, and the people have no chance of ever over throwing this type of government.

China could do the World a solid favor by marching into NK. USA would help with fire and rain.

#119 Marcus on 04.17.17 at 1:15 pm

Two more carrier battle groups heading for North Korea. That’s a total of three plus a few Japanese Destroyers. These types of mobilizations are rarely done just for show.

#120 Deplorable Dude on 04.17.17 at 1:41 pm

#113 crowdedelevatorfartz

“Trump has been in power less than 100 days and his popularity ratings are at epically lower records for a new President.”

You mean those same pollsters that had him at a 1% chance of winning the Presidency…lol….

Kinda missed my point. He’s using principles from his ‘Art of the deal’ to apply business accumen to international political relationships, changing the map in literally days.

Russia has suddenly found itself isolated from China….

China is now proactively engaging NK, refusing their coal exports over US exports, abstaining on UN votes that traditionally in the past would have followed the Russian vote.

This is a roller-coaster now. Trump is no longer waiting for people to keep up. He is taking his art-of-the-deal campaign schtick into geopolitics, and for a lot of people who can’t keep up or hold on, it will be a rough ride.

Did you bother to read the link?

#121 Deplorable Dude on 04.17.17 at 1:51 pm

#119 Conan

“China could do the World a solid favor by marching into NK. USA would help with fire and rain.”

I agree….Trump campaigned on America First, and non-intervention in other countries. But I’d make an exception for NK. That entire country is a concentration camp.

#122 AGuyInVancouver on 04.17.17 at 1:53 pm

#27 Spectacle But did Xi and Trump get along? What did Trump have to give up to get China to take a tougher stand with NK? My guess is the Deplorables won’t be getting currency manipluator status conferred on China, or indeed much of any action against China.

#123 IB on 04.17.17 at 1:53 pm

http://www.cbc.ca/news/business/financial-investment-rules-client-interests-1.4069847

‘Canada is in the Dark Ages’: Investment insiders reveal how lax laws put your financial interests last
Despite years of calls for reform, financial industry opposes greater investor protection

Quote: “Financial investment insiders are speaking out about what they say are weak regulations that allow the industry to ignore clients’ interests, steer them into expensive products and collect billions from people’s savings every year.

Go Public has heard from hundreds of people in the industry, most of them with the big banks, who say they’re pushing products and selling investments that protect their jobs, or pay the highest commissions to themselves and their employers.”

#124 traderJim on 04.17.17 at 2:09 pm

Trumpocalypse

You’ve been holding up that ‘The End is Near!’ sign since November.

Aren’t your arms getting tired yet?

At least pick a day, week, or month that the world is going to end and stick to it. You change your mind faster than President Trump for god’s sake.

#125 NoName on 04.17.17 at 2:14 pm

interesting read

https://www.nytimes.com/2017/04/17/opinion/how-the-airlines-became-abusive-cartels.html

#126 crowdedelevatorfartz on 04.17.17 at 2:40 pm

@#121 Deplorabble Dude

I dont think I missed your point. I just disagree with it.

Trump couldnt spell “Geopolitical strategizing” if a Billion dollars was riding on it.
As for his “Art of the Deal” in formulating a foreign policy strategy….please.
He’s too one dimensional for that. Trump is about as reliable as the loose cannons he’s released on the heaving deck of U.S.S. America.
Alliances? With whom?…
They mean nothing to Trump as the leaders of Germany, Russia, and any other nation ( NATO or otherwise) that rises above the twitterverse froth and catches his 10 second attention span.
He’s shaken hands with leaders and verbally stabbed them in the back minutes later while still on stage…
Cobras are more predictable.
How quickly the Deplorables forget his revamping of Obamacare went down in ignoble flames. The first of many Bills to die a quick death before Congress if his powers of bullying , bluster and bravado are any indication of his negotiation “skills”.
Unlike the business world where he threatens to sue anyone that questions or challenges his lies AND where he has declared bankruptcy and was successfully sued for fraud.
Nope the Washington Media wait with baited breath to pounce on every idiotic utterance either he or his sycophantic followers spew forth.
“Fake News”? Hardly.
Just truths he wishes would quickly and quietly go away like all his exwives.
Trump is in the “Big Leagues” now and his babbling B.S. will make him the butt of endless jokes for decades to come.

#127 paulo on 04.17.17 at 2:47 pm

#120 marcus
yes there are 5 Japanese warships joining the exercise in addition to 3 warships from pacific rim countries.
there is no redeployment of additional carrier battle groups from the USA; the assets on hand are more than capable of doing the job at hand but are a case of gun boat diplomacy, intended to show strength at the negotiating table.i think there is plenty going on behind the scenes here and there will be a settlement of the situation that is political not military. the only wild card that will come into play is if bozo-kim takes a shot at the us navy than it will be a classic go ahead “make my day” situation

#128 A Reply to #121 Deplorable Dude on 04.17.17 at 2:56 pm

“Did you bother to read the link?”

I’ll see your link, and raise you another.

http://www.telegraph.co.uk/news/2017/04/17/china-russia-dispatch-ships-shadow-donald-trumps-armada-approaches/

#129 conan on 04.17.17 at 3:17 pm

RE #123 AGuyInVancouver on 04.17.17 at 1:53 pm

“What did Trump have to give up to get China to take a tougher stand with NK? ”

My guess is that in return for marching on the capital of North Korea,and then handing it over to South Korean control, the PTB will let you keep those new man-made islands, under certain conditions.

Translation, money for both parties. Free and safe trade, with a Suez Canal type fee arrangement.

I despise N Korea with their death camps. They are probably arming ISIS, and most of the other problem groups.

#130 A Reply to #125 traderJim on 04.17.17 at 3:19 pm

“At least pick a day, week, or month that the world is going to end and stick to it. You change your mind faster than President Trump….”

Jim, you’re a trader, right? Not even Warren Buffett can call a top or a bottom in the stock market. Or are you able to do it yourself?

I think that most sane human beings watching events unfold in North Korean waters would consider Trump’s actions brinkmanship.

#131 James on 04.17.17 at 3:22 pm

War’s unlikely now, although you sure wouldn’t know it watching CNN. The kid dictator with a bad haircut in North Korea tried to light up a big missile on the weekend, but it wisely exploded. A US warship armada sails ever closer, and China warns of ‘storm clouds’ and a conflict in which ‘everyone will lose.’ Meanwhile the American president is famously unpredictable, and has hit Twitter finger on the button. The Chicken Littles are telling you to store tuna and ammo and I’m getting asked more, ‘where‘s money safe in a war?’

Hmm. Widespread conflict is remote. Surgical attacks on military installations are less remote. Belligerent threats and warnings of merciless, Biblical retaliation are absolutely expected. And, yes, we’re talking about a showdown between a 70-year-old bellicose billionaire real estate developer and the 33-year-old dictator of an impoverished brainwashed country who likes basketball and murdering relatives. Anything can happen.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Stocking up on ammo, food and water as I type.
Chamberlain pursued a policy of appeasement leading up to World War II. He felt that appeasing Adolf Hitler today would prevent aggression tomorrow. Chamberlain openly negotiated with Hitler, seeing him as a man with whom he could ‘do business.’ He believed that the promises both of them would be binding. Chamberlain’s defining moment came in 1938 at the Munich Conference. Upon obtaining Hitler’s promise of no war between England and Germany in exchange for tacit approval of Germany taking the Sudetenland, Chamberlain came home to an adoring public and proclaimed ‘peace in our time.’ However, Hitler’s intentions were evident when he later told one of his generals, ‘Our enemies are small worms. I saw them at Munich.’ Hitler manipulated Chamberlain for his own purposes, something that Chamberlain did not immediately recognize and that my friend is fact and history. Just glad I have a home far enough from the concrete core where at least I can grow my own food and draw water. Nukes not likely but a devastating war for sure.

#132 James on 04.17.17 at 3:32 pm

#127 crowdedelevatorfartz on 04.17.17 at 2:40 pm

@#121 Deplorabble Dude

I dont think I missed your point. I just disagree with it.

Trump couldnt spell “Geopolitical strategizing” if a Billion dollars was riding on it.
As for his “Art of the Deal” in formulating a foreign policy strategy….please.
He’s too one dimensional for that. Trump is about as reliable as the loose cannons he’s released on the heaving deck of U.S.S. America.
Alliances? With whom?…
They mean nothing to Trump as the leaders of Germany, Russia, and any other nation ( NATO or otherwise) that rises above the twitterverse froth and catches his 10 second attention span.
He’s shaken hands with leaders and verbally stabbed them in the back minutes later while still on stage…
Cobras are more predictable.
How quickly the Deplorables forget his revamping of Obamacare went down in ignoble flames. The first of many Bills to die a quick death before Congress if his powers of bullying , bluster and bravado are any indication of his negotiation “skills”.
Unlike the business world where he threatens to sue anyone that questions or challenges his lies AND where he has declared bankruptcy and was successfully sued for fraud.
Nope the Washington Media wait with baited breath to pounce on every idiotic utterance either he or his sycophantic followers spew forth.
“Fake News”? Hardly.
Just truths he wishes would quickly and quietly go away like all his exwives.
Trump is in the “Big Leagues” now and his babbling B.S. will make him the butt of endless jokes for decades to come.
……………………………………………………………………
The Trump Effect is being felt though the heartland where the depolrables are now questioning themselves in electing such an ignorant self absorbed buffoon. Ignorant to the point where he is way out of his league in world affairs. Trump is a seething ruthless liar that will throw anyone and everyone under the bus to save his own sorry ass. He has done more 180’s of late than Brian Boitano did in his whole career. Bannons days are numbered. Spicer could be next and Conway is hiding in the dark shadows.

#133 crowdedelevatorfartz on 04.17.17 at 4:21 pm

@#125 trader jim
“At least pick a day, week, or month that the world is going to end and stick to it…..”
********************************************
You’re wasting valuable electrons trying to pin Apocalypso2017 down.
Nailing jello to the wall with a 6inch high heel shoe as a hammer would be easier.

One hopes that he has a buried bus load of canned coffee to trade for deer meat with other caffeine deprived flesh eating survivors in the coming Tim Hortons Wars…………

#134 Wrk.dover on 04.17.17 at 5:33 pm

#107 IHCTD9 on 04.17.17 at 11:17 am

The retailer can weigh the tubs at days end and calculate the cash in the drawer.

Verification of staff actions.

#135 Olly on 04.17.17 at 6:13 pm

@ #120 Marcus on 04.17.17 at 1:15 pm

Nah, they actually do that for show all of the time. It’s just not newsworthy unless the leaders decide to engage in a stick measuring contest.

#136 crowdedelevatorfartz on 04.17.17 at 6:20 pm

……and on the Chinese/ North Korean border we have boat tours down the river……..

” Speedboat tours carrying small groups of Chinese tourists regularly set off from Lazigou’s small jetty into North Korean waters, with tour operators promising an up-close view of North Korean border guards and villages.
Tour operators offer small bags of bread and biscuits for sale, which tourists can throw onto the shore for border guards and children to eat.

“Some tourists treat it like going to the zoo,” one tour guide said. ……..”

#137 Tudval on 04.18.17 at 9:22 am

“Toronto homeowners cashing out”? LOL, they’ve been doing it for years, one estimate puts the percentage of sellers who do it for no other reason at 40%!!.. now they litter the blogs with pleas for government intervention to let them back into the market. THESE are the speculators and they’ve been punished beautifully by Ms. Market.

#138 soost on 04.18.17 at 11:53 am

Is the Wychwood Presser live on any networks this aft?

#139 The Wet Coast on 04.18.17 at 4:27 pm

If you look at a chart for any bubble you’ll see that there is a phase on the way down where “things appear to return to normal”. It called a Bull trap. Is what happening in Vancouver a Bull trap. I don’t know and neither does anyone on this site. The only thing I can say that is supported by data is total number of sales is way off, with some areas hit harder than others. I can also say there is a huge number on condos and houses set to come on the market and that home ownership is now at record levels. So we’ll know soon enough, everything else is just hot air.