The path ahead

GOOSE modified

Ross Pavl sells luxury digs to cowboys with Big Oil money in Cowtown. “The appetite for homes over $2 million,” he says, “has almost completely evaporated.” Overall, the ‘luxury’ house category (over $1 million, which everyone in YVR thinks is a starter home) has fallen by 40% since this time last year.

Prices are still sticky, though. The average, says Pavel, is about 7.5% below last year. But I’d suspect that may soon change. A lot.

On the day when our new finance minister, Suicide Bill, delivered his first economic update, the Canadian dollar slid below the 75-cent US mark, and oil lost more ground as it careens toward forty bucks. We also heard on Friday it’ll cost a billion or two to fast track all those Syrian refugees – which is a big humanitarian operation, but one which was  uncosted during the election campaign.

Anyway, here’s the situation this weekend: the Cons lied. Thus, we do not have a balanced budget, as Joe O insisted for months and as the Harper government announced long before the election was called. That was a fabrication. It was marketing. Fraud.

In fact that $2.7 billion surplus has turned into a $3.9 shortfall. Oops. Thus, seven of the eight years of Harper rule in Canada were ones in which the government spent more than it took in – including two where we had the largest annual deficits in history. That added over $170 billion to the national debt. It is hardly Conservative.

What now?

Government revenues from income taxes are falling. Ditto for corporate taxes. Same story for energy royalties. Meanwhile expenditures are rising, particularly for unemployment insurance, with the hulk of new claims coming from Alberta – where the greatest decline in revenues is also emanating. This is why your pathetic blog has been talking about oil creep. Nobody escapes it.

The Liberals are planning on adding at least $10 billion a year in new spending to fulfill election promises, half of it for temporary, make-work infrastructure projects. The need for something is obvious. The economy was in recession for the first half of the year and will grow for 2015 by only about 1%. Concurrently the US is doing fine, and on track for the first interest rate increase in a decade next month. That will inevitably impact the bond market, and gradually increase the cost of financing the national debt, now at $612.9 billion.

Today the world’s awash in oil, and prices could certainly retreat further than the 40% hit taken in the last year. Commodities remain at 16-year lows, and while they will recover at some point, such an event is not yet on the horizon. It seems prudent to expect next year will bring more of the same, as well as a lower loonie when US rates actually do lift off. That will raise our inflation and eat into consumer spending.

All this – the Harper lies, the Trudeau excess, the oil hit and the bad choices most people have made in their daily lives – leads me to believe you need to be careful. Most voters think they just elected a government which will cut their taxes and goose their take – more cash for kids and better pensions, for example – because the Libs will Robin-Hood the overlords. In truth, collecting $3 billion more from rich people (it will actually be far less) just equals the mess the Harper gang left behind. The numbers no longer add up. It won’t be a big surprise if we end up with $20 billion deficits once again.

So with more spending come more taxes. It’s why this blog will spend time on tax avoidance strategies over the coming weeks, as we head towards the Trudeau government’s omnibus tax bill, to be tabled before Christmas and fast-tracked through Parliament, then the budget in late winter. The Libs may be rolling back the TFSA contribution limit by almost half, but there are ways you can maximize this and shelter significant amounts. Trudeau may be erasing family income-splitting, yet couples can still manage to reduce their overall household tax bill through legal means. One percenters are in the cross-hairs for earned income, which means they should take money in other forms, set up a new business structure or create a fat, tax-deductible mortgage.

We’re on a new path now. It’s no surprise Harper lost government. This week reinforces that. But a future with more tax and more spending, more deficits, more assaults on wealth and more majority government arrogance calls for more attention.

Remember, this blog’s agnostic. No political affiliation. No agenda. Just a lust for freedom.

247 comments ↓

#1 saskatoon on 11.20.15 at 7:13 pm

wanna help syrian refugees?

don’t bring them to north america:

https://www.youtube.com/watch?v=_3VN3k8F_Ns

i dare anyone to watch this video and LOGICALLY disagree.

#2 Popeye the Sailor Man on 11.20.15 at 7:18 pm

I remember a time in the Navy when marching from one place to another on the Base (Naden) we had a big Gray goose. It started to follow me after I passed it, and the faster I marched the faster it chased me which made me go faster. I’m sure someone looking out there window got a good laugh at the site for 400-500 meters or more this big bird chased me.

#3 Abolitionist on 11.20.15 at 7:21 pm

Shave tens of billions off of nationwide government expenditures, abolish the provinces.

#4 Mark on 11.20.15 at 7:23 pm

The big Tory lie, that the CMHC isn’t properly capitalized for the amount of risk they’ve taken on, hasn’t yet been exposed.

Which is really unfortunate. Because the Liberals had a great opportunity to expose the mess that exists within the CMHC. And pin it on the Tories instead of taking the (largely unjustified) blame themselves when CMHC claims inevitably dramatically accelerate. Much like EI claims have recently gone through the roof.

One percenters are in the cross-hairs for earned income, which means they should take money in other forms, set up a new business structure or create a fat, tax-deductible mortgage.

Bingo! This is why high tax rates on the 1% aren’t as damaging to the economy as people (including on this blog) would imply. The problem in the Canadian economy is that not enough people are willing to borrow to invest in legitimate medium to large business. Valuations and P/E ratios of medium to large business have stagnated and compressed relentlessly. On the small business front, venture capital is practically unavailable on competitive terms. So by raising those taxes, and by reducing the TFSA amounts, the wealthy are more highly incented to borrow to invest. Creating deferrable capital gains in their portfolios, rather than declaring large amounts of taxable income as is currently the case.

This, BTW, was the same argument I advanced earlier for a significant reduction/elimination of the TFSA and even registered accounts (such as the RRSP and RPPs) altogether. The tax code highly incents borrowing to invest in productive business. “Registered” accounts highly incent mostly investing in bonds and savings accounts on account of the tax preference accorded. We need more of the former, not the latter, to move the economy forward.

#5 Popeye the Sailor Man on 11.20.15 at 7:25 pm

This blue collar worker is going to miss the 10K TFSA and income sharing. These are/were very important to me and directly affect us and our long term prudent plans.

Wife stays home to help with the two kids with special needs, and puts up with the (month on/month off)
work schedule going to sea for a living I do.

#6 nonplused on 11.20.15 at 7:27 pm

And don’t forget the coming carbon taxes. I can’t see Glam-Boy leaving it to the provinces to have all the fun.

The feds will want to get a strategy in place before the provinces front run them and steal all the money, like Nutley is trying to do.

Between the new higher tax rates federally, Alberta’s new higher tax rates, the GST, and coming carbon taxes we are on our way to 110% combined tax rates! Dog bless our land, glorious and not so free.

#7 BobC on 11.20.15 at 7:28 pm

Simple fix: move your money. Let the liberals pick up the bill.

#8 Harbour on 11.20.15 at 7:29 pm

Oil broke $40 today

#9 Randy Randerson on 11.20.15 at 7:30 pm

That’s it, I’m seriously considering becoming a non-resident, leave this godforsaken tundra, and return to my home country.

#10 TorontoSun on 11.20.15 at 7:30 pm

Started applying for job in the states today. New York or Michigan? Should I take my saving with me or leave them here?

#11 Harbour on 11.20.15 at 7:31 pm

Alberta’s new homes more likely to sit empty: ATB Financial

Unsold and unrented homes have jumped by 30% in Edmonton, 5% in Calgary

http://www.cbc.ca/news/canada/calgary/housing-real-estate-sales-economy-calgary-edmonton-1.3324875

#12 Harbour on 11.20.15 at 7:32 pm

Rising Edmonton vacancy rates triggering sweet deals for renters
Vacancy rate almost doubles in last six months

http://www.cbc.ca/news/canada/edmonton/rising-edmonton-vacancy-rates-triggering-sweet-deals-for-renters-1.3318877

#13 Randy on 11.20.15 at 7:37 pm

Garth, will you be using Paul Martin and Maurice Strong as your Tax Avoidance Advisors ? It’s easy to avoid taxes by not investing, and just sitting on a whack of money or just spending it…Have some Fun …

#14 S.Bby on 11.20.15 at 7:37 pm

#5 Popeye

This is what happens when political ideology gets in the way of reality. The very people the guvrmint is trying to help get hurt.

#15 Julie K. on 11.20.15 at 7:37 pm

…here’s the situation this weekend: the Cons lied. Thus, we do not have a balanced budget, as Joe O insisted for months and as the Harper government announced long before the election was called. That was a fabrication. It was marketing. Fraud.

…All this – the Harper lies…

*******

Still don’t get how governments get away with lies, fabrications and fraud (not the first time).

Is there really no recourse?

Not everyone out there is a sheeple. Right? Right?

#16 Canadian on 11.20.15 at 7:37 pm

Nonono Garth its “tax planning” as avoidance is inconsistent with the spirit of tax law.

#17 Canmex on 11.20.15 at 7:37 pm

Mark: Anyone with an RRSP who is “investing in bonds and savings accounts” probably has a hole in the head. If that is the reason you suggest abolishing RRSPs etc., I don’t think your argument holds water.

#18 nonplused on 11.20.15 at 7:38 pm

#3 Abolitionist “abolish the provinces”.

Um, no. Abolish the fed.

The closer to home a government is the more responsive. So there is no way I want Ottawa deciding what roads we need in Alberta. They won’t build a damn thing outside of Ontario/Quebec.

#5 Popeye the Sailor Man

I realise you were being sarcastic but at some point people have to stop whining when they can’t fully utilize a government program because they have made choices that leave them without sufficient money.

Doctors and such need to save for retirement too. Almost none of them have pensions.

And who knows one day you might be in a position to make a “dash for cash” (I’m referring to the tendency of people in their 50’s who have finally paid off the mortgage and got the kids out of the house to start saving like crazy because they suddenly realise they won’t have enough money to retire). At that point you may not be as pleased with policies designed to make saving harder.

#19 ROCK BEATS PAPER on 11.20.15 at 7:39 pm

US rig count down again to 5 year low of 563 (down from 1600). Production down from 9.6 MB p/d to 9.1 MB p/d and falling. Inventories are peaking as the price of oil bottoms. Retesting the same price as the GFC lows will likely make a bottom along with tax loss selling of the equities over the next few weeks.

However, this will not revive the golden goose.

#20 earthboundmisfit on 11.20.15 at 7:42 pm

“What now”, you ask? How about an RCMP investigation for fraud and breach of trust? Send del Mastro some company. If lying were categorized under the CCC it would be a slam dunk. Harper was a pathological liar, in addition to being a complete and utter asshole. Oliver was just a outright bonehead who didn’t have two clues to rub together.

#21 pwn3d on 11.20.15 at 7:43 pm

I don’t know how agnostic you are, but the PBO is, and they say we do have a balanced budget for 2015-16.
————————-
“PBO projects that in the absence of new policy measures, the budget would
be balanced in 2015-16. Over the medium term, PBO projects annual deficits
averaging $4.3 billion, or 0.2 per cent of GDP. The deficits after 2015-16 are
mainly the result of:
• Surplus in 2015-16 was achieved partly from the sale of General Motors
shares, which contributed $2.1 billion to other revenues. This will not be
an ongoing source of revenue;
• Baseline Employment Insurance (EI) premium rates are scheduled to be
reduced by 20 per cent in 2017.
Despite projected deficits, the federal debt-to-GDP ratio is projected to
decline from 31.0 per cent of GDP in 2014-15 to 26.2 per cent of GDP in
2020-21.”
——————–
We were on track for some great numbers. Yes a return to deficit, but a decline from 31% GDP to 26.2% would be massive. That is all now out the window with the new tax and spend government with the same mantra as the OLP. It’s a real shame.

#22 Ken on 11.20.15 at 7:44 pm

I would like to add the Baltic Dry Index just hit 498 today for the first time ever. Reports say its heading to 400 so much for our resource based economy in Canada. Don’t forget to say goodbye to those marble countertops well you have them.

https://gcaptain.com/baltic-dry-falls-below-500-for-first-time-ever/

#23 Binder Dundat on 11.20.15 at 7:46 pm

“On the day when our new finance minister, Suicide Bill”

Not bad, Garth, but I prefer “The Unpaid Bill”. It’s catchy, and he has taken a rather large pay cut recently.

#24 NoOneOfConsequence on 11.20.15 at 7:46 pm

Abolitionist…you have it absolutely and completely backwards.
Government needs to be regional. One government for all peoples has been proven hundreds of times that is JUST DOES NOT work.

Eliminate all forms of personal income taxes, prevent governments from borrowing money (which is taxation without representation), institute consumption taxes only, make governing the number 1 priority (remove government from all business…so no more selling addiction), and finally eliminate transactional banking is the way to fix it all.

The solution is simple, the implementation is hard.

#25 Suede on 11.20.15 at 7:46 pm

Two questions.

1. How do I make killer money on this Climate Change / Global Warming hysteria?

2. How do I make killer money on environmentalists and protests?

Thanks in advance,

#26 46 and 2 on 11.20.15 at 7:46 pm

The “new path” seems to exclude the prairies regardless of our contributions to the coffers of the entire country it seems that both the federal liberals and our own “elected” cough, cough…vomit, NDP are out to get us. To truth Notley and her cast of rookie ministers are clueless.

#27 nonplused on 11.20.15 at 7:49 pm

Although speaking of doctors retiring, they seem to hang on quite a bit beyond 60 to 65. I guess it’s probably because they are making pretty good coin so why stop? My son’s allergist for example, very nice man but he has a whole office working for him and by the lead times to get in I would say he’s very busy. But I am sure he is in his 70’s.

#28 Smoking Man on 11.20.15 at 7:50 pm

A post from last year, told suede two rate cuts and a 60 vent dollar…

I’m f-en amazing by earth standards…no so much back on Nectonite.

Another Friday night at Seneca, Another period of missing time.

One of my deadly accurate calls from last year.
……..

#93 Smoking Man on 01.30.15 at 9:02 pm
Shit, I forgot to comment on above post,
It’s Friday night forgive me.

Suede, not only once but twice.. 60 cent dollar on the way..

#29 Interstellar Old Yeller on 11.20.15 at 7:51 pm

I won’t lie, tax avoidance strategies are my idea of a fun Friday night.

#30 Sunny on 11.20.15 at 8:03 pm

Watch daily Garth

http://www.suspicious0bservers.org/

#31 kommykim on 11.20.15 at 8:04 pm

RE:

Anyway, here’s the situation this weekend: the Cons lied. Thus, we do not have a balanced budget, as Joe O insisted for months

I never believe an incumbent government when they claim a balanced/surplus budget in an election year unless they have had at least two consecutive balanced budgets just prior to that. CON, LIB, GREEN, or NPD, they’ll all lie to get reelected.

#32 Embarrassed Calgarian on 11.20.15 at 8:05 pm

Our former PM in the closet belongs in a prison cell.

This kind of lying is despicable, whether during an election or not.

I will never vote CON again.

LIARS.

#33 rk usa on 11.20.15 at 8:05 pm

boy this is going to get ugly with US rates rising, economists at HSBC and BMO see a good case for the Bank of Canada easing rates again next year

sixtysomething cent Canadian dollarette here we come, just like 2002

#34 Mel on 11.20.15 at 8:06 pm

Those people who saw Harper’s ‘BS’, new he wanted to stay PM long as possible, and tried everything including lying to stay PM. Glad he is out.

But, now we have to face the music. Once the most important investment ‘house’, for most people, will join the price of oil, it will be all over.

Greece anyone?

#35 Smoking Man on 11.20.15 at 8:08 pm

Read my posts from this day..my calls..

http://www.greaterfool.ca/2015/04/30/reality/

Amazing isn’t it…

I called my getting booted from the tax farm.

And what’s going on in the world today…

Who wants an auto graph? Selfie…

Grape vine chatter..

Tax farm wants me back so bad now…puts me in a strong negotiate position..

Wont do it for a million a year.. two million maybe..

#36 SayWhat on 11.20.15 at 8:08 pm

Had a chat with a friend who is in sales for a major brand of ATV/Snowmobiles – he just did a tour of Alberta to all the dealerships. I asked how things are going and he said sales have fallen off the cliff – nobody buying! Been in the business for 30 years and has experienced a few of these downturns -but said this one felt different and not in a good way.

#37 crowdedelevatorfartz on 11.20.15 at 8:10 pm

@#5 Popeye

Coast Guard?

#38 nero on 11.20.15 at 8:12 pm

Sherry Cooper is sure that commodity prices will stay low for a long time…so I am sure that commodities are going to the moon in a balloon.

#39 Freedom First on 11.20.15 at 8:13 pm

Just a lust for Freedom. Me too.

Guys, look after yourself. In this time of rising unemployment, you are on your own. If you end up homeless, there is no help for you. Almost all homeless are men. No one cares about you. Welfare for a single man is a few hundred a month. And there is no shelters for men who are victims of abuse, which is a huge, and growing problem. It is true, but denied and ridiculed by society.

Of course, I always look after myself, so don’t anyone worry about me. I am here to help. I care.

#40 Bobs ur uncle on 11.20.15 at 8:13 pm

I’m no big fan of deficit financing, but the Harper Government didn’t seem to have a problem with deficits approaching 20 billion as recently as 2013:

http://www.cbc.ca/beta/news/multimedia/canada-s-deficits-and-surpluses-1963-to-2015-1.3042571

That’s a lot of gazebos.

If the Canadian economy is going to take a dump, maybe a little stimulus isn’t a bad idea. If you rationally disagree with that, that’s something I can totally understand. I can also understand being pissed because ‘my guy’ didn’t win the election. But if your only beef with deficits is who is currently at the top, well that’s on you.

#41 Doug t on 11.20.15 at 8:14 pm

LET FREEDOM REIGN – politics meh – the way people let themselves fall for the constant lies and deceptions from our so called ” leaders” is a head scratcher to me. I have a very close associate whose dad was a primary figure joined at the hip with Mulroney during his reign – oh boy you should hear the stories LMAO – don’t be a puppet live FREE and ignore Ottawa :)

#42 Worldwide Thermal Imaging by 2018 on 11.20.15 at 8:15 pm

http://www.jpl.nasa.gov/news/news.php?feature=4775

Just to monitor fires eh Garth, yeah I trust them!

#43 Fred on 11.20.15 at 8:20 pm

I like what Kevin O’Leary said today; “Of course the Liberals will project a higher defecit, it gets them out of fulfilling campaign promises”. Smart…almost too smart for JT….hmmmm mm. …

#44 homeless in B.C. on 11.20.15 at 8:28 pm

While Ft Mac has more oil than it knows what to do with, Canada imports 54% of it’s oil from Noway and Venezuela. This oil is tankered to St.John NB and other refineries in Eastern Canada. This Brent crude is much more expensive than Alberta crude.
The Ralph Clown royalty on bitumen in Alberta is 1% (on any oil products priced below $40-Alberta Energy Ministry) This royalty is not paid on the $45 /barrel price, (West Texas Intermediate) it is paid on the $20 (or less) bitumen price. Keystone was intended to ship 800,000 barrels per day to Texas where they get the upgrading and refinery jobs and we get 20 cents and some temporary ditch digging jobs for foreign workers. $5/litre for motor oil at Canadian Tire translates to approx $800 per barrel. Big oil gets $800 per barrel and we get 20 cents. Stephen Harper and his crew think this is a good deal for Canadians!
Keystone, Gateway, Kinder Morgan and Energy East are proposed bitumen pipelines. Bitumen is the raw product extracted from Ft.Mac tarsand. It has the consistency of roofing tar. To pump it through a pipeline it is mixed with a 25% solution of Hexane, Pentane and natural gas condensate (nat gas under pressure) Hexane is ten times more volatile than gasoline and the fumes will paralyze you. Pentane is similiar. Nat gas condesate only stays in that state when it is under pressure. This is diluted bitumen or “dilbit” If a dilbit line is ruptured it is not going to be bubbling out crude. (think Lac Megantic). There are no refineries in Canada that can accept and process dilbit without it first being upgraded to refinery specs.
The Enegy Easy pipeline will send bitumen to St.John to be loaded on the tankers that have just unloaded Norwegian crude. There will be no benefit to the eastern provinces.
In the U.S it is unlawful to export crude oil. This ensures they get the jobs and value added from processing crude in the U.S
Our gasoline prices at the pump fluctuate according to U.S stockpiles. They don’t fluctuate according to Canadian stockpiles because we don’t have any!
Maybe we should process and value add our own oil in Canada to benefit Canadians. We could have an $800 billion surpus like Norway has. Now there is an idea nobody wants to entertain

#45 Retired WI Boomer on 11.20.15 at 8:28 pm

My, my, my. The Conservatives LIED? Who would have thought it possible…. (oh, please!).

Bigger issues are the economy, and the new Reich. They have done mostly talk, but an indebted cupboard not just an empty one, has to give any regime pause. They start by filling up the hole left from the last inept gang.

Sounds like they had best spend no more than necessary to keep the lights on, and the rent paid on the place. New programs, while pandering to certain voters cost money – you haven’t got any.

You will be lucky to keep the 10G for TFSA, even the old rate. I would think if anything an equalizing of rates between earned income, cap gains, and the rest. If you are going to screw the 1% go where there money is.

Nobody ‘likes’ higher taxes, but what are the alternates?

Let me think, you could cut the EI benefit rates, mandatory family medical deductibles of say $XXX per year as your share, PLUS increased co-pays.

No, not everyone would pay these mostly the sicker, older group-the ones most people wouldn’t want around very long…you know the same group that would dis a WAR refugee type.

Yeah, you can always cut services to save money. Conservatives like that crap, too. How about a “border crossing fee”?? Has that been tried?

This has been a public anti-service message.

#46 Mark on 11.20.15 at 8:36 pm

“Mark: Anyone with an RRSP who is “investing in bonds and savings accounts” probably has a hole in the head. If that is the reason you suggest abolishing RRSPs etc., I don’t think your argument holds water.”

Per Garth’s many posts on the topic, with respect to TFSA’s, that represents upwards of 80% of the TFSA-owning population. Even inside RRSPs and RPP’s themselves, the fixed income concentration is probably skewed much higher than it ordinarily would be on account of the increased relative tax preference accorded to fixed income.

In the income trust era, firms actually were garnering a higher market valuation by converting to trusts simply because owners of the shares in registered accounts could derive more pre-tax taxable income from them , avoiding/deferring taxes, than ordinarily was possible in the former corporate structures. “Tax leakage” as such was described, with the government eventually forced into a crackdown. The concept, that RRSPs incent investment in fully taxable income streams as opposed to investments that create long-term deferral of capital gains, was nevertheless proven by the higher multiples accorded to income trusts over more traditional taxable corporations.

#47 Cures on 11.20.15 at 8:39 pm

DELETED

#48 pinstripe on 11.20.15 at 8:40 pm

millar western closes mill in Boyle AB

http://globalnews.ca/news/2351068/millar-western-closes-forestry-mill-in-northern-alberta/

#49 Panhead on 11.20.15 at 8:41 pm

I think we all kinda figured the cupboard would be bare when opened. Pretty sad that we aren’t told the truth but then maybe the Libs aren’t telling the truth either. Who to trust? Like the Canada goose though, I have never seen so many snow geese passing overhead as this year out here on the left coast. You can stand outside and hear them up there … beautiful … I bet a lot of people don’t even notice them.

#50 Metis Proud - Alberta on 11.20.15 at 8:42 pm

My guess, coming soon to Alberta – a provincial sales tax (generate $750 million for each 1%) to harmonize with the federal GST, which may two-step increase back to 7% ($7 billion more or less for each % in 2013 Globe and Mail article). Maybe Martin Armstrong is right – going to be an interesting economic ride here and elsewhere over the next few years – but we’ve been through it before, right?

#51 tax-deductible mortgage??? on 11.20.15 at 8:45 pm

Are you talking about the Smith-Manoeuvre?

I vaguely recall a blog post (or in your comment section) where you were highly against this, as CRA would likely come cracking down on you as a tax avoidance scheme.

I have never recommended the SM, nor will I. — Garth

#52 cd on 11.20.15 at 8:46 pm

I think the best thing that could have happened the last election if there was some sort of 4 (or 5) way tie. Parliament would be in total chaos and therefore would have a hard time to screw anything up. Basically, the best government is one thats not doing anything since most of the time they don’t do much good.

#53 Bill on 11.20.15 at 8:48 pm

I wish I had time to read all the post. I don’t
Alberta is TOAST. I was telling the wife (2 years ago) all these children with TOYs $80k diesel trucks are going to end up in the ditch…This piece of SHT country has no diversification. What they do know how to do is figure out how the can squeeze the the last drop of piss out of the middle class Canadian. I’m gone to South America…maybe Ill stay there as a couple countries down there still have simplicity and sanity…
http://www.bloomberg.com/news/videos/2015-11-19/oil-declines-on-u-s-stockpiles-glut

#54 Daisy Mae on 11.20.15 at 8:50 pm

“We’re on a new path now. It’s no surprise Harper lost government. This week reinforces that. But a future with more tax and more spending, more deficits, more assaults on wealth and more majority government arrogance calls for more attention.

Remember, this blog’s agnostic. No political affiliation. No agenda. Just a lust for freedom.”

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

That’s nice to hear….

#55 Freedom First on 11.20.15 at 8:51 pm

#15 Julie K

Julie, I know you are perplexed and I understand why.

I learned decades ago that there was many things I had no control over. Then, I quickly learned the things that I had control over. I followed this, still do, and it works really really really well.

What others say or do is insignificant. I seek knowledge and wisdom. There is lots of it here. Lots of stupid too. But that’s life. Fortunately, some people can learn and change, but don’t hold your breath waiting for it.

#56 Bby604 on 11.20.15 at 8:52 pm

Uhmmmm a pressing the USA is gaining speed and will soon return to 3% or 4% growth , how will they not drag Canada’s economy along with them ? It can’t be all sunshine for uncle same and doom and gloom for the beaver …. Doesn’t make sense Garth

#57 warren- The lagging indicator on 11.20.15 at 8:54 pm

Julie K. “What am I missing that we allow governments to lie without impunity? ”

I think that people that think this way are viewed as naive and idealistic. This is a game of power and control. Watch them get all hot, worked up and proud of lies and manipulations like these because in their minds it is for the greater good, they are a level above you and it is just a game anyways so in there lies the justification. They seem to revere and idolize these charlatans that can lie and cheat with a straight face and be proud of it.

Since Garth was a part of all this, I really do wonder what he thinks on this matter. Is it just the structure of the system that represses the more honest politicians that have less party first, and more people first, ideology so they never rise to the top positions? Can this or should this be changed?

The typical response of implying that anyone that asks this type of question should enter politics in order to effect change is not valid here….it is why we vote.

ps naive and idealistic is ok too, it just might make you a better person.

#58 For those about to flop... on 11.20.15 at 9:00 pm

#39 Freedom First on 11.20.15 at 8:13 pm
Just a lust for Freedom. Me too.

Guys, look after yourself. In this time of rising unemployment, you are on your own. If you end up homeless, there is no help for you. Almost all homeless are men. No one cares about you. Welfare for a single man is a few hundred a month. And there is no shelters for men who are victims of abuse, which is a huge, and growing problem. It is true, but denied and ridiculed by society.

Of course, I always look after myself, so don’t anyone worry about me. I am here to help. I care.
////////////////////////////////////////
Don’t be lonely Freedom First,just move in with Bert and Ernie of Sesame Street fame you guys will get on really well as they are “confirmed bachelors” too.

#59 Smoking Man on 11.20.15 at 9:02 pm

My dog Wyatt.

http://dyslexicsmokingman.blogspot.com

Look at face, what do dogs think about is what I need to know..

Daddy, you drink too much, please stop.

Daddy, you going to share that smoking stick that smells like that skunk that visits every night.

Daddy, man made climate change is real. Thats what the told us at learn to shake a paw school.

Dogs…is all I’m sayIng

He’s a beauty…. Love him more than life it self..

#60 james on 11.20.15 at 9:11 pm

For the past two years, people were saying that it would take a big economic ‘shock’ to stop the rise of Canadian housing.

Well, I think we are safely at the point when even the most dense Canadian realizes that the economy is heading for a dive.

As Garth says, much of asset bubbles concerns mass psychology. Like leverage, that cuts both ways.

The recent report on jobs in Ontario was a riot. The most heavily indebted sub-sovereign borrower in the world, which also has a parasitical government and a massive housing bubble… what could possibly go wrong?

#61 Worth Reading on 11.20.15 at 9:18 pm

This is a site that talks about valuations of stocks over time, but all the bubble information fits well with the present real estate mess.

http://www.hussmanfunds.com/wmc/wmc151116.htm

#62 Scientists can now control flies' brains with lasers on 11.20.15 at 9:18 pm

A laser beam can alter a fly’s behavior and make it mate with just about anything — even a ball of wax, according to scientists at the Howard Hughes Medical Institute. The researchers have developed an experiment which involves shining an infrared laser directly at the head of a fly whose brain has been altered using heat-activated proteins. This alteration allows the laser, dubbed the “Fly Mind-Altering Device” (FlyMAD), to activate specific neurons involved in mating.

Read more: http://www.theverge.com/2014/3/3/5465700/scientist-can-control-flies-brains-with-lasers

Contrary to public belief, this is not a fly porn site. — Garth

#63 crowdedelevatorfartz on 11.20.15 at 9:24 pm

@#59 Smoking Man
I’m sorry Smokey but your dog looks like a rat with a perm. Sorry but I dont like lapdogs.
Give me a big stupid “Pound Rescued” Heinz 57 any day of the week.
And its probably thinking “Why is my food source pointing his phone/camera at me when he should be feeding me?”

#64 Smoking Man on 11.20.15 at 9:26 pm

#60 james on 11.20.15 at 9:11 pm
For the past two years, people were saying that it would take a big economic ‘shock’ to stop the rise of Canadian housing.

Well, I think we are safely at the point when even the most dense Canadian realizes that the economy is heading for a dive.

As Garth says, much of asset bubbles concerns mass psychology. Like leverage, that cuts both ways.

The recent report on jobs in Ontario was a riot. The most heavily indebted sub-sovereign borrower in the world, which also has a parasitical government and a massive housing bubble… what could possibly go wrong?

The dollar goes to 50 cents..the million dollar bungalow in long branch goes to 500k us dollars. OK I guess.

And all the tree huggers go yah baby, I’m a millionaire.

Side note, band at Stir tonight amazing….

#65 Smoking Man on 11.20.15 at 9:29 pm

#63 crowdedelevatorfartz on 11.20.15 at 9:24 pm
@#59 Smoking Man
I’m sorry Smokey but your dog looks like a rat with a perm. Sorry but I dont like lapdogs.
Give me a big stupid “Pound Rescued” Heinz 57 any day of the week.
And its probably thinking “Why is my food source pointing his phone/camera at me when he should be feeding me?”

I knew the day I bought him, (cheap)he wasn’t right, cross eyed, with a mullat, and perhaps crazy..

Like father and son I’m thinking..

Perfect for me..

#66 IS = Islamist Scumbags on 11.20.15 at 9:30 pm

Probably the best rant on ISIS…

https://www.youtube.com/watch?v=oONoFFK5H0k

#67 the Jaguar on 11.20.15 at 9:34 pm

#50 metis proud

There will never be a sales tax in Alberta.
Albertans will cut their own throats before they will allow a sales tax. Doesn’t matter who is holding office.

All societies have their deeply held and cherished beliefs…and in Alberta this is a deeply held belief…
It’s not about the money. It’s about the principle.
And whatever you might read today, or yesterday or tomorrow ( because the mainstream media has awakened to the wonderful opportunity before them: the scene of the horrific economic accident happening before their eyes in Alberta) remember one thing above all others: Albertans never surrender. They are the most resilient people in this country. Never, ever count out the Albertans.

#68 Popeye the Sailor Man on 11.20.15 at 9:36 pm

#18 nonplused on 11.20.15 at 7:38 pm

……………….#5 Popeye the Sailor Man

I realise you were being sarcastic but at some point people have to stop whining when they can’t fully utilize a government program because they have made choices that leave them without sufficient money…………….

I was not being sarcastic I will really miss the higher TFSA and income sharing. Of course professionals like doctors also need to save for retirement. The fact is everyone will be glad for the TFSA room at some time even if it is late in life or when they get a windfall. Being in my late 40’s following the rule of 90, and having only 90K of mortgage debt @3% we max out the TFSA every year. 10 Years ago I would not of dreamed of needing the TFSA room, but now I put effort in tax planning, and retirement planing and see all the little steps made in the last 20 years coming together.

FOOD FOR THOUGHT;
I paid tax on that money once, would prefer not to pay as much for the second round. In the past the many use the principle residence as an Ad-Hoc TFSA since the gains are tax exempt. So you trade up from the starter duplex, to a small SFH to a larger one ect. Leveraging the tax free gains. Then as empty nesters sell up and move with the gains in the bank back to a condo or small SFH.

I think it is high time that there is a second plan for tax free growth that does not require getting bigger houses to hide the money.

#69 projectchesapeake on 11.20.15 at 9:37 pm

DELETED (racist)

#70 Drill Baby Drill on 11.20.15 at 9:39 pm

Why is it that every single time a provincial or federal government of a different political stripe that takes over has somehow lied to the Cad people about the true deficit ? If we lied like this to the CRA we would be in jail !!!!!

#71 Popeye the Sailor Man on 11.20.15 at 9:41 pm

#37 crowdedelevatorfartz on 11.20.15 at 8:10 pm
@#5 Popeye

Coast Guard?

Yes; West Coast

#72 Fuzzy Camel on 11.20.15 at 9:43 pm

Garth is right on the money about tax avoidance strategies. In socialist Canada, you want to look poor, not rich.

Understand this and the next 4 years you will do well. Immigration will speed up, not slow down. They will accept the worst of the worst, and offer them preferential treatment.

Government will keep growing, taxes will keep going up. Private businesses will struggle to keep up with the new regulations, many will go under. Expect to be taxed into the ground on everything.

White heterosexual men will be openly targeted and discriminated against. They want you to pay taxes and shut up. Better move out of the cities.

Life in Canada will generally get much crappier. Debt will continue to climb to absurd levels. Interest rates will go to 0%, housing prices will skyrocket further as more and more land is dedicated as environmentally protected.

You will be so poor by the end of this, you will envy the lowest paid Mexican factory worker, they will look rich. You’ll see almost all industry leave Canada. The entire thing will be funded by deficit spending.

Housing will be a big cash cow for the government. If you own a house, you will be paying most of your income to a big mortgage and sky high property taxes. The debt levels will be staggering, the banks will keep the housing market up by restricting power of sales, likely opting to rent them out to Syrian refugees.

Terrorism will pick up this black Friday. Get used to living in fear. Your daughters will be targeted by certain groups, your sons beaten up regularly by some groups. Canada is will look like a third world country by the end of Trudeaus reign.

Dude. It’s a government. Not the walking dead. — Garth

#73 Freedom First on 11.20.15 at 9:52 pm

#58 For those about to flop

Thanks. But I like to live alone.

For those about to flop. I wish you well through these troubling times. I don’t like seeing anyone going through a difficult time. Sincerely, Freedom First.

#74 Smoking Man on 11.20.15 at 9:58 pm

DELETED (gross)

#75 Mike in Johnsonville on 11.20.15 at 9:58 pm

Buy your ‘Justin Trudeau is a MORON’ bumper sticker on eBay:

http://www.ebay.ca/itm/181934385705

#76 family beagle on 11.20.15 at 10:03 pm

#43 Fred on 11.20.15 at 8:20 pm
I like what Kevin O’Leary said today; “Of course the Liberals will project a higher defecit, it gets them out of fulfilling campaign promises”.
…..
Yes, it’s the preface in the playbook.
—————

#25 Suede on 11.20.15 at 7:46 pm
Two questions.
1. How do I make killer money on this Climate Change / Global Warming hysteria?
2. How do I make killer money on environmentalists and protests?

Adopt an indigenous pine tree on our pristine ecological preserve. You get a picture, a letter, and 5 cents off a litre on your next 10 fills. We include an “I’m part of the solution” ID card just in case you are ever stopped at a protest. Come out on tree parents’ day for pics with your fledgling seedling. $10/mo. Charitable receipt provided with 3 carbon credit tokens to use in your token activated appliances.
—————

#6 nonplused on 11.20.15 at 7:27 pm
And don’t forget the coming (carbon) taxes. I can’t see Glam-Boy leaving it to the provinces to have all the fun. The feds will want to get a strategy in place before the provinces front run them and steal all the money, like Nutley is trying to do.
…..
That’s been in the works since growth/returns to pay for entitlements went bust. Everybody needs yield. I’ve planned for the tax hammer since my Socials Studies teacher warned us in the eighties.

#77 Smoking Man on 11.20.15 at 10:04 pm

#74 Smoking Man on 11.20.15 at 9:58 pm
DELETED (gross)

I’m sure you chuckled. Then thought.

No…

#78 For those about to flop... on 11.20.15 at 10:06 pm

Fuzzy Camel # 72,are you talking about Somalia or Canada?

#79 Sebee on 11.20.15 at 10:07 pm

After a run of dog pictures, a goose. Well played sir. Well played.

#80 family beagle on 11.20.15 at 10:13 pm

#72 Fuzzy Camel on 11.20.15 at 9:43 pm

White heterosexual men will be openly targeted and discriminated against. They want you to pay taxes and shut up. Better move out of the cities.

You are not responsible for the sins of forefathers, no more than past mothers who dealt discipline with a wooden spoon. Nor will Spanish be accountable, or Mayans before them. What you do have is a challenge to make a better way and help find a path into the future.

#81 common sense on 11.20.15 at 10:15 pm

When I read “I have a lust for Freedom” initially I thought Garth was coming out…too much to take on a Friday night.

Governments lying about deficits, etc? I’m shocked.

Yes the USA is growing ever so slightly and compared to ANY OTHER economy in the world (yes even China with it’s fantasy numbers) looks absolutely BULLISH.

Thank god I work in the USA and have dual citizenship in times like these and for the next 10 years..

#82 Smoking Man on 11.20.15 at 10:17 pm

#73 Freedom First on 11.20.15 at 9:52 pm
#58 For those about to flop

Thanks. But I like to live alone.

For those about to flop. I wish you well through these troubling times. I don’t like seeing anyone going through a difficult time. Sincerely, Freedom First.
..

Don’t blame you…

Back in the day, if a woman knew how to make good crapes for breakfast

It was a ring..

Machine taught em, men are bad..

Divide and destroy….

Its working..

#83 Drill Baby Drill on 11.20.15 at 10:21 pm

Smoking Man
Your dog although cute looks like he drinks his JD out of a glass with an umbrella in it.

#84 Raging Ranter on 11.20.15 at 10:27 pm

According to Stephen Gordon it’s the Liberals who are lying about the deficit.

http://www.macleans.ca/economy/economicanalysis/the-liberals-deficit-claim-doesnt-add-up/

#85 Smoking Man on 11.20.15 at 10:27 pm

Ya see the machine don’t want hockey players showing up at the lords door, and saying, hey mofo, your taken too much.. share.

Or I’m knocking your teeth in..

So its survivor instinct kicked in and created the pink shirt urbanight dudes, whole foods, bike ridding sweat men..

Yah, woman want then for a pay check split..but when mother nature visits…

Smoking men is all they desirer, even with bad teeth..

#86 Washed Up Lawyer on 11.20.15 at 10:28 pm

Support found here for Mr. Turner’s contention that the rout in Alberta’s oil biz will affect one and all from Truro to Sooke.

“Some 30,000 B.C. residents — or “interprovincial commuters” — worked in Alberta in 2013, says Jock Finlayson, executive vice-president and chief policy officer of the Business Council of B.C., which represents 250 companies and other organizations around the province.”

http://edmontonjournal.com/opinion/columnists/gary-lamphier-without-alberta-where-will-canadas-new-jobs-come-from

#87 Leo Trollstoy on 11.20.15 at 10:29 pm

#4 Mark on 11.20.15 at 7:23 pm

This is what I’ve been saying for awhile. The NDP and Liberals have doomed themselves by ‘winning’ Alberta and Canada respectively. As the economy gets worse, the oil industry is gutted and CMHC blows up, they will be the ones in charge. This is their inheritance.

Harper got out at Justin time (pun intended).

At the peak.

#88 imadoofus on 11.20.15 at 10:32 pm

Well, of course they lied about budget.
Sine qua non of politics. New mafia have a strong incentive to lie in the other direction. And the roles will reverse come next election where the silver-spoon-kid will be telling us what a great job he did pissing our ta money away.
More blood sucking government bureaucrats, committees and paper pushers will magically get us out of this mess?
Give me a competent crook over a clueles do-gooder any day.

#89 Leo Trollstoy on 11.20.15 at 10:37 pm

#10 TorontoSun on 11.20.15 at 7:30 pm

Take your pick. The U.S. job market is booming.

http://www.businessinsider.com/october-2015-state-unemployment-rates-map-2015-11

#90 Smoking Man on 11.20.15 at 10:39 pm

#83 Drill Baby Drill on 11.20.15 at 10:21 pm
Smoking Man
Your dog although cute looks like he drinks his JD out of a glass with an umbrella in it.
….

He’s not perfect, I love him…. what’s he thinking is whats killing me…

Fk, can read humans no problem. But crazy cross eyed dogs is a bit of a challange.

#91 common sense on 11.20.15 at 10:39 pm

When did CANADA hit peak income?

http://www.zerohedge.com/print/516833

#92 Mark on 11.20.15 at 10:41 pm

“Harper got out at Justin time (pun intended).”

Of course. And people who bought the out of favour assets, “on the cheap”, while everyone was going nuts over houses, will owe a debt of gratitude to Harper for giving them that opportunity.

Harper’s true legacy will be cheap housing for Canadians, and better long-term returns for shareholders. Neither really happened on his watch, but we’ll look back and identify such as his government’s legacy as steps were taken towards such accordingly.

#93 ROCK BEATS PAPER on 11.20.15 at 10:49 pm

The US is showing soft retail sales (even with sub-prime auto) and weak manufacturing data. The transports are weak (unheard of with weak energy prices). The retail stocks are weak. Americans saved on gasoline and used the savings to buy more gasoline. US demand for oil is up almost 900K barrels per day since 2013.

Corporate bonds and leveraged loans are very weak. Plus, we have two quarters in a row of declining earnings for the S&P 500.

There is measurable strength in the employment situation, but that is a rear view mirror indicator.

All in all, Garth seems way to positive on the US and way too negative on the oil situation.Yesterday you could have cherry picked the Eagleford instead of the Permian to show the exact opposite situation. And of course, comparing the heavy oil out of Alberta with the light oil from US fracking is apples to oranges. The US was busy building refining capacity for heavy oil not light crude.

#94 Shirley valentine. on 11.20.15 at 10:49 pm

#85 Smoking Man on 11.20.15 at 10:27 pm
Ya see the machine don’t want hockey players showing up at the lords door, and saying, hey mofo, your taken too much.. share.

Or I’m knocking your teeth in..

So its survivor instinct kicked in and created the pink shirt urbanight dudes, whole foods, bike ridding sweat men..

Yah, woman want then for a pay check split..but when mother nature visits…

Smoking men is all they desirer, even with bad teeth..
——-
Johnny walker wisdom.

#95 RayofLight on 11.20.15 at 10:51 pm

Even if the Cons left a huge surplus, why wouldn’t the Libs declare the finances were worse than they ever imagined? Isn’t this their last one free good shot at the Cons, and an opportunity to fudge the numbers in their direction? I mean seriously, did you see this as a surprise announcement?
The Libs are as good at lying as the Cons, even better perhaps. After all, this is politics. This has nothing to do with truth, honesty or concern for your fellow man.

#96 Smoking Man on 11.20.15 at 11:04 pm

#94 Shirley valentine. on 11.20.15 at 10:49 pm
#85 Smoking Man on 11.20.15 at 10:27 pm
Ya see the machine don’t want hockey players showing up at the lords door, and saying, hey mofo, your taken too much.. share.

Or I’m knocking your teeth in..

So its survivor instinct kicked in and created the pink shirt urbanight dudes, whole foods, bike ridding sweat men..

Yah, woman want then for a pay check split..but when mother nature visits…

Smoking men is all they desirer, even with bad teeth..
——-
Johnny walker wisdom.

Nope, experience…

True detective expermintation.

#97 Bottoms_Up on 11.20.15 at 11:05 pm

#84 Raging Ranter on 11.20.15 at 10:27 pm
—————————————
The Canadian federal budget is $290 billion. Arguing over +/- 1% seems irrelevant….

But taking on a deficit of 5% ($15 billion) starts to get significant….

#98 blutiolaola on 11.20.15 at 11:07 pm

#4 Mark on 11.20.15 at 7:23 pm
….. The tax code highly incents borrowing to invest in productive business. “Registered” accounts highly incent mostly investing in bonds and savings accounts on account of the tax preference accorded. …”

Hate to go all grammar police over Mark, but until he has better mastered FX movements and basic economics, I think he should avoid neologisms and back-formations such as “incent”. Keep it simple, but not too simple!

#99 blutiolaola on 11.20.15 at 11:11 pm

#9 Randy Randerson on 11.20.15 at 7:30 pm
That’s it, I’m seriously considering becoming a non-resident, leave this godforsaken tundra, and return to my home country.

Now, don’t be getting all randy on us….

#100 Chopper on 11.20.15 at 11:12 pm

Gullible Canadians are HOPING that the PATH AHEAD will be better now that the Cons are gone but I have news for you all it will be DISGUSTING.

A year from now people will be criticizing TrueDough for all the bad decisions he will make.

Go ahead import all the HELPLESS Syrians, why only 25K there are hundreds of thousands why not 100,000 after all we are Canadians we are different. I don’t give a chit I will not only survive I will THRIVE but I will not finance this bullchit .

By the time the finish spending 1.2billion I will be in the tropics enjoying a cold drink.

#101 Smoking Man on 11.20.15 at 11:13 pm

DELETED

#102 Bottoms_Up on 11.20.15 at 11:15 pm

#59 Smoking Man on 11.20.15 at 9:02 pm
—————————-
I think he’s thinking ‘man I hope i pleased him today and that he doesn’t forget to feed me tonight’.

#103 TurnerNation on 11.20.15 at 11:22 pm

We are a 2nd World country falling now into communism. Middle class lasted 50 years after WW2. So unless we get another one this is it.
Our money is theirs.

#104 John in Mtl on 11.20.15 at 11:24 pm

#95 RayofLight on 11.20.15 at 10:51 pm
…”The Libs are as good at lying as the Cons, even better perhaps. After all, this is politics. This has nothing to do with truth, honesty or concern for your fellow man.”

Took the words right out of my mouth! Too bad more people don’t realize this.

#105 blutiolaola on 11.20.15 at 11:26 pm

#23 Binder Dundat on 11.20.15 at 7:46 pm
“On the day when our new finance minister, Suicide Bill”

Not bad, Garth, but I prefer “The Unpaid Bill”. It’s catchy, and he has taken a rather large pay cut recently….

Why not just “Mr Bill” like that annoying puppet from the 70s on SNL, he can shout oh noooooooooooooooo as the economy goes down the drain…

btw sorry, it’s too late but the website is already taken
http://www.mrbill.com/

#106 Timmy on 11.20.15 at 11:30 pm

I’m surprised, Harper left us with a much bigger deficit than he projected. Unbelievable, Stephen Harper lying to Canadians? lol. Leave it to the inept Cons to $$&*#up the economy.

#107 Dave on 11.20.15 at 11:34 pm

All the simpletons who voted for Harper because he was “good for the economy” It is amazing how many uniformed people we have in this country.

#108 TRT on 11.20.15 at 11:35 pm

The gov doesn’t care about you. They only care about the institutions behind the scenes that are pulling their strings…like puppets.

And if you haven’t figured what industries they’re from, then you are definitely out of luck.

Canada was lost when the media was lost…

#109 Sean on 11.20.15 at 11:53 pm

“I paid tax on that money once, would prefer not to pay as much for the second round.”

You don’t pay any further tax on the principle, only on any gains.

#110 lala on 11.21.15 at 12:19 am

Came in Canada 17 years ago, didn’t pay any taxes, but didn’t use any services as well, every year loot gets double, from RE to stocks making money it was easy for lala. Cash gets out of Canada little by little. Goverment can’t touch my loot, working for CRA as a advisor helped a bit. Don’t fight it, work with it.

#111 Smoking Man on 11.21.15 at 12:26 am

DELETED

#112 Holy Crap Wheres The Tylenol on 11.21.15 at 12:27 am

Jesus Christ Smoking Man who the hell picked out your little rat dog? My old dog shit bigger dumps than your whole dog! Christ I expected you to have a mans dog. That’s a freaking girly dog. Go order some more fancy pink drinks with the little umbrella at the bar, them go and wash out your panties.

#113 april on 11.21.15 at 12:28 am

The death of cash… get money out of the bank??

#114 Smoking Man on 11.21.15 at 12:32 am

Why do you keep deleting me you basatard
Hate and love you prick…

Note to self, in the next life, avoided Harley riders.

#115 I AM CANADIAN on 11.21.15 at 12:35 am

DELETED (anti-Muslim)

#116 Not tonight honey on 11.21.15 at 12:36 am

#67 the jaguar
Alberta sales tax (never?)
Just like Albertans would ‘never’ vote in the ndp…..hmmm?
Never say never my darling ;-) besides, Jaguar, you won’t be around long enough the back up the never part-none of us will! Happy Weekend!

#117 Smoking Man on 11.21.15 at 12:36 am

I’m a crazy dimond ….
I wish I was here.

#118 James on 11.21.15 at 12:42 am

@ Smoking Man. Re comment #28. Don’t forget about your great call on Bombardier 6 months back. That tip is looking great! Keep it up!

#119 I AM CANADIAN on 11.21.15 at 12:43 am

DELETED

#120 rockylal on 11.21.15 at 12:44 am

Tax Deductible Mortgage

Old story.

If you have a mortgage and also have investments, smart thing to do is sell your investments, payout the mortgage, then remortgage the house and with the money you get from your the new mortgage rebuy the investments you just sold. Tada….Tax Deductible Mortgage!

#121 ANON on 11.21.15 at 12:45 am

The golden goose is on the loose? Too bad it’s out of season soon, possibly as soon as next week. Flash crash in crude prices at close, and none of the usual suspects is mentioning it.

#122 millenial1982 on 11.21.15 at 12:51 am

Love it. Bring on the defiance garth!

As for the dog smoking man…looks like a freakin lunatic to me ready to take a bite if you take his toy or something…

You old buggers with bold impoletically correct statements….what are we gonna do when you’re all gone??.? There’s something about you boomers all the same but i like to hear your wisdom. Sayin’ it like it is..

#123 For those about to flop... on 11.21.15 at 12:52 am

#115 Not tonight honey on 11.21.15 at 12:36 am
#67 the jaguar
Alberta sales tax (never?)
Just like Albertans would ‘never’ vote in the ndp…..hmmm?
Never say never my darling ;-) besides, Jaguar, you won’t be around long enough the back up the never part-none of us will! Happy Weekend!
///////////////////////////////////////
So I guess the Jaguar should have said not in my lifetime then?

#124 millenial1982 on 11.21.15 at 1:00 am

All this doom and gloom and we haven’t even touched on dealing with the aging boomer population. You old farts better start giving us millenials paying attention some ideas on this one. Hospitals in deficits cutting back beds, about to get a surge…..demographics the craps, how are we going to handle this…besides having more babies now or bringing in more immigrants?

#125 K on 11.21.15 at 1:15 am

#4 Mark

Wait I don’t want to be mean but am I the only one who thinks Marks post is insane??? Seriously I’m bypassing all the anti-muslim trolls for this. Who in the world borrows to invest??!
That defeats the whole purpose of trying to make money. Am I missing something? If I were a 1% (and I might be) I would use the money I actually had to invest and not be a moron and borrow money!
Mark if you happen to read this far pls explain.

#126 whitehorn on 11.21.15 at 1:18 am

#36 SayWhat on 11.20.15 at 8:08 pm
Had a chat with a friend who is in sales for a major brand of ATV/Snowmobiles – he just did a tour of Alberta to all the dealerships. I asked how things are going and he said sales have fallen off the cliff – nobody buying! Been in the business for 30 years and has experienced a few of these downturns -but said this one felt different and not in a good way.
====================================
Yes, agree with your comments. I know an owner for a dealership in Alberta as well for ATV’s and boats. He has been in business since the 80’s and mentioned this last year is the worst. That says a lot considering there has been many bad downturns in Alberta i.e. 86/87, 98/99 oil downturns, 91-93 recession, 08/09 financial crisis. That said, oil most likely will rebound in the next couple of years but there will be many casualties. Plus, the market will probably stay depressed for a few more years afterwards as many companies will be scared to invest – can you trust Saudi Arabia?

#127 Mark on 11.21.15 at 1:33 am

“Hate to go all grammar police over Mark, but until he has better mastered FX movements and basic economics, I think he should avoid neologisms and back-formations such as “incent”. Keep it simple, but not too simple!”

I beg your pardon? What exactly have I written concerning FX movement or basic economics do you disagree with?

I think the key here is to avoid falling into the trap of believing overly simplistic explanations offered up by those who seek to mislead ‘commoners’ in an effort to manipulate them for their personal gain. Or to push a false narrative for other inexplicable reasons.

For example, I’ve seen a lot of rather nonsensical claims recently that “higher rates will help the insurance sector, buy stock in XYZ insurance corporation”. On first glance, sure, that seems a reasonable proposition. But when you really delve into the details, including the insurance sector’s outperformance in the falling rate environment and the likelihood of outcomes not being asymmetrical, such claims fail to stand up to scrutiny.

Likewise, there’s people who claim that a housing collapse would crash the CAD$. Again, if you understand how deflation of debt driven asset bubbles works, the panic to repay debt and the severe truncation of consumer demand thus associated usually makes the currency very expensive as it is in high demand by the debtors. IOW, low interest rates and deflation is actually associated with currency strengthening over the medium to long term! (see Japan for the quintessential modern example!)

#128 Kenchie on 11.21.15 at 2:30 am

#84 Raging Ranter on 11.20.15 at 10:27 pm
“According to Stephen Gordon it’s the Liberals who are lying about the deficit.

http://www.macleans.ca/economy/economicanalysis/the-liberals-deficit-claim-doesnt-add-up/

The added expenses booked as higher near-term PV of pension obligations can, and will, reverse if/when interest rates go higher. Is IFRS accounting rules being twisted by the Liberals to make the Conservatives look bad? Or are they just following the rules…

The way more interesting point is the drop of $1.4 billion drop in “Other Revenue” which is described as “lower enterprise Crown Corporation revenues and lower interest rates”. While Lower interest rates may be a small factor, it’s probably very likely that the “Crown Corp” they’re mostly booking lowered revenue from is the CMHC.

#129 Cyclist on 11.21.15 at 2:32 am

So i’m riding down the TCH one day and this goose jumps out and attacks me, but i dodge him and carry on. A coupla
weeks later I’m ridin’ with a coupla buds same spot and i
tell them about this psycho goose and seconds later the gander is hissing at us from the shoulder. In the ditch we see mom and the little ones. It was their home.

#130 Genny Taft on 11.21.15 at 2:33 am

“#93 Justin is Hot, Garth is Not on 11.19.15 at 11:15 pm
Can you imagine such adulation for Harper? That would be truly creepy, guy’s a total weirdo.

The ‘adulation’ you speak of is all a sham. The ‘line up of hotties’ at ASEAN in the Philippines were all paid actresses. It’ so to any one with half a brain not deadened by alcohol and liberal propaganda. obvious…they were reading from a script. The set up scene and line was for the camera to pan in on one girl while she gushes ‘He’s so Hot’.

A normal Filipina girl wouldn’t say “he’s hot”…they don’t say that….they have their own slang ….in the Phils a girl would say “He’s Guapo”…the colloquial lingua franca from the Spanish meaning…pretty. Only a dumb Canadian wouldn’t know it was alla PR set up photo op. You guys gotta get out more.

****Garth…fact up…..the PBO confirmed that 2015 saw a 1.6 BILLION DOLLAR surplus and was forecasting an arms length audit of a similar surplus for 2016.

The idea that the Liberals are trying to cover up their spending spree by blaming Harper….is a bit like Obama blaming George Bush for global cooling.

The announcement this finance clown gave this morning was political theater…..have you lost your political savvy?

#131 LowRent of Arabia on 11.21.15 at 2:39 am

There should be a Shot-Gun Clause on every Government policy:

I would happily take the $1.2 Billion CAD (60 bucks american I think now) and be personally responsible for the 25000 Syrians.

I would put them to work immediately making stuff to sell. ( I think they have small hands so it could be really intricate crap.)

House them in a micro lofts with an incentive that the more they produce the more sq footage they get to live in.

Feed them the usual falafel, pita and free range chicken..free rangeing in the micro lofts.

Let them smoke as much shisha, hubbly bubbly, hookah they want and Ahmed’s your uncle I am rich.

Government twats…$1.2 B…I accept.

#132 fishman on 11.21.15 at 2:46 am

Things out here on the coast aren’t too bad. Well some things are bad; the west Van market guys with their 1400 or so junior miners are toast; pulp & paper is fighting a rear guard action; lumber way down & the Canadian mills making money have moved to the southern U.S.Fishing industry is getting creamed;Canadian Fish just shut down the Rupert cannery (that’ll put 500 natives out of summer work & potential E.I). oil,gas mining? yikes.
Yet,guys are making money here & there. What’s really changed is that the people doing OK are quiet, “mums the word”. Every time the $C goes down there’s silent squeals of joy. You see out there, far far to the west everything is done in $US. $C up or down doesn’t matter one iota. Imagine you got a business selling overseas to your sales Co. in a low tax country & taking a reasonable profit, then transferring it back home. Believe you me the big 5 are so accommodating & eager to please.
Movie industry is going full tilt,can’t get studio space,booked for months. Education; biggest industry in Van.Airport & port still cranking out $C one billion/year each profit to Ottawa. The interior & island are creaking but lots money in the Big Smoke. Vacancies are near 0 for anything on the west side. Traffic worse than ever. Party On.

#133 Daffyd y Garreg Wen on 11.21.15 at 2:48 am

Today was lost the Jeannie C I will go to sea no more I will go to sea no more What did we strike ? John Price drown and slipped away I will go to sea no more That boat was like no other

#134 Silent the people on 11.21.15 at 3:00 am

HST/GST will go up! TFSA will be cut! The dollar will tank! Other than that, have a nice Liberal day!

#135 Daffyd y Garreg Wen on 11.21.15 at 3:01 am

Come all you lads drawn here to me that I may not be forsaken for today was lost the Jeannie C and my living gas been taken

#136 Daffyd y Garreg Wen on 11.21.15 at 3:13 am

But what I found made my heart stop cold I will go to sea no more Now Tis well you know what the fishing has been I will go to sea no more For my living has been taken Scarce and hard and cruel For every seam poured water

#137 Linda on 11.21.15 at 3:14 am

Regarding retirement – it doesn’t mean you can’t keep working if you want to. Retirement is having the power to choose what you want to do. Lots of people actually enjoy working & work has benefits beyond earning income. I know any number of retirees who had alternate work lined up even before they officially retired from their previous position & quite a few more who have returned to the work force within a year of officially retiring – & not because they ‘needed’ to earn an income.

#138 jane 24 on 11.21.15 at 3:16 am

What the great unwashed need to understand is that 1%s don’t pay income tax. We either have good accountants who can figure a path through tax legislation or we move out of Canada to a lower tax country. There is great one next door to Canada for lower taxes. better weather in much of it too.

The Red Prince will find that a drive against the 1% will raise very little as it then makes sense for more of us to hire better accountants. A lot of higher wage jobs will go South next year too so won’t be paying anything in Canada.

Goosing the rich is a last century strategy when govts were able to hold folk in the country. Doesn’t work in a global world.

The problem is that too many fellow Canadians have no idea what the rest of the world has to offer or what taxes they pay.

For an example of the over-taxing in Canada I offer the following numbers. Based on today’s exchange rate of $2.03 to one GB £ for the tax year of 2015/16 I have…

Personal tax deduction – $21,924
Yearly capital gains exemption -$22,533
So I don’t have to pay income tax personally until I am over $44,457 or as a couple $88,914. I do make sure that my RE investments give me the Capital Gain exemption.

I can then turn around and shelter these funds in cash or stocks in a ISA, a tax free account, open to all. I can put $30,937 into these accounts each year or $61,874 per couple. Cdn limits are pathetic.

I really don’t understand why it costs so much money to run Canada vs other countries in the world. I believe that govt financial mismanagement must have been the pattern for generations.

#139 stage1dave on 11.21.15 at 3:21 am

#44 homeless in B.C.:

That’s an informative (and important) post, and the fact that it hasn’t been commented on yet is telling…either everyone here knows all about it and doesn’t give a damn, or they don’t know any of this info & STILL don’t give a damn!

(I fall into the middle of these two arbitrarily selected categories…a typical Canadian)

I don’t remember who I’m quoting, but he mentioned several years ago that he could perhaps understand Canada (as a country) not getting reimbursed fairly for Alberta’s raw oil; but he couldn’t understand why Albertans didn’t want to get paid?

I can remember several “blips” of interest over the years, brief periods of MSM focus on this issue (lasting several days, perhaps sporadically for a few weeks) and then it would fade away. I don’t ever recall a serious debate on this subject. (well, maybe Mr. Stelmach could fill us in on the “debates” that undoubtedly occurred behind closed doors)

The true numbers of the AB royalty of a non-renewable resource are a joke, as is the complete lack of any credible discussion of how this resource could be processed in-province, keeping high-value skilled jobs within the area, and developing some technological prowess to boot.

(the above poster also addresses pipeline supply that – if and when they are ever finished – will almost guarantee a few more Lac Magentic disasters, or mini – Chernobyls, simply because of the chemicals required to “push it”)

Why a province with the largest reserves of heavy oil in NA is incapable (or unable) to build the infrastructure to refine it is a question that is a bit embarrassing to ask…what the hell is going on here? Who in their right mind expends hundreds of billions of dollars pulling a resource out of the ground, devastating an area the size of a small country whilst doing it; and doesn’t bother to figure out beforehand how to get it to market?

And what kind of “government” (and yeah, I put those quotation marks there deliberately) takes a hands-off and a help-yerself approach to a massive industrial project such as this?

Lasseize’ faire indeed…

#140 Daffyd y Garreg Wen on 11.21.15 at 3:29 am

Justin Trudeau salt of the earth from the earth of the earth how can he fail he will lead us out of Eygyt Have faith Fassten your seat belts God help us

#141 Daffyd y Garreg Wen on 11.21.15 at 3:47 am

To day was lost lost the Jeannie C in the boat named for my mother I will go to sea no more No leak from now to stern My god I cried as that boat went down Sure I could have another cry for the country lost I will go to sea no more

#142 liquidincalgary on 11.21.15 at 4:32 am

#85 Smoking Man on 11.20.15 at 10:27 pm

So its survivor instinct kicked in and created the pink shirt urbanight dudes, whole foods, bike ridding sweat men..

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

dear SM,
it’s comments, like the one above, that have me believing you may have homosexual tendancies

#143 Freedom First on 11.21.15 at 4:35 am

#82 Smoking Man

You know.

I know.

Real men make the rules.

#144 Freedom First on 11.21.15 at 4:57 am

#108 Sean

Sean. Think. You are forgetting about another untalked about tax thievery. Inflation. Devalued $$$$$. It is legal theft.

#145 OffshoreObserver on 11.21.15 at 5:04 am

#9 Randy Randerson on 11.20.15 at 7:30 pm
That’s it, I’m seriously considering becoming a non-resident, leave this godforsaken tundra, and return to my home country.

I have been offshore almost 5 years.

I sold my business in Vancouver in 2010–and the MBA in finance & marketing in me could not wrap its head around the insane cost of housing.

So, I rent in Southeast Asia for about USD500/month.

I might buy one of these, because I like the beach.

http://cvr.com.vn/en/listing/1-bdr-ocean-apartment-danang-for-sale/

Oh yeah, about the “covered up” deficit:

i/ Let’s see, pretty boy’s pappy started on the path of increasing Canada’s debt;

ii/ John Turner did zero;

iii/ Brian Mulroney got to declare dubious income to CRA later, when any other Canadian would be fined and/or do jail time;

iv/ Kim Campbell was a fluke and ranks alongside John Turner;

v/ Jean Cretin was a corrupt thief;

vi/ Paul Martin managed to move his shipping company offshore and did not have to pay taxes, which every other Canadian is legally bound to do;

vii/ Harper, oh! he lied, too?

viii/ The pretty boy? He doesn’t have the intellectual horsepower to accomplish anything!

I will be going non-resident as soon as I have the ducks lined up to escape the creeping socialism of Canada.

And I don’t want to pay for government pensions nor for Syrian refugees.

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=list%20of%20canadian%20prime%20ministers

#146 Freedom First on 11.21.15 at 5:09 am

#112 april

april, relax. No one knows what is going to happen in the future. Keep about 5% cash (max, 6 months expenses) in cash in the bank, HISA, if it makes you feel calm. Don’t worry about it. Then diversify the rest and re-balance according to Garth in previous blogs. Time is always on your side. Have no fear and no greed and it always works out. Stay out of debt.

#147 Bob Santarossa on 11.21.15 at 5:53 am

Smoking Man – general observation…

Firstly, I get a kick out of your posts. Funny/informative most of the time.

Just an observation:

1. When you post within the first 75 or so Comments things go well.

2. After that you get more deletions from Garth than posts…by your own admission in the past and to your credit, it is the end of day cocktails hard at work…LOL.

Have fun at Stir.

Keep the posts coming (i.e., post fast and hard within the first 75 Comments or so).

You made me laugh in a good way today, yet again, at some of your insights.

As for the dog, love them/treat them well and they will love you back 10 times as much, no more, no less analysis needed…whether they are cross-eyed or not. If only humans were that simple…

#148 New Low in Sentiment...Feel Bad on 11.21.15 at 6:05 am

Short term, 4 years or so, extended vacation in Italy here and retired, 61 yrs. old.

Have to say that reading today’s and recent Comments gives me pause for concern at how ill people feel about what is happening in Canada economically and otherwise (e.g., ISIS).

A lot of blame going around and doom/gloom in the Comments.

People, it will get better, it always does.

Even if RE crashes in YVR and 416, we end up with a $0.60 dollar…if nothing else, there will be nowhere to look BUT UP. With busts come economic renewal and new opportunities, yet to be invented.

Soldier on, as many others that post here, have done thru the 80’s, 90’s and mid 2000’s RE and/or economic debacles.

‘Still here, financially stable, kicking and happy despite life’s past economic up’s and down’s.

You will be too for those of you that are GenX and Millenials. Have some faith in Canada. Just look at history…for every bust, there is a boom and we all got thru the War Measures Act and FLQ Crisis in one piece to create a country that is the envy of most on planet Earth.

And Garth, keep advising us as well as you do. Look forward to your future posts in a “post Conservative Canada”.

#149 Jules on 11.21.15 at 6:28 am

Hardly conservative? What? It happens every time. At what point does over spending get known as typically conservative. Just because cons don’t spend on social programs and infrastructure to strengthen the social fabric doesn’t mean they don’t spend. They love throwing huge money at the military, security and tax shelters for the rich. Just saying.

#150 Love my Kia on 11.21.15 at 6:46 am

HEY SMOKEY!

You might want to change from JD after hearing this, Crown Royal wins World Whisky of the Year award. It was called a ‘masterpiece’.

http://www.cbc.ca/news/canada/manitoba/crown-royal-world-whisky-of-the-year-1.3328260

#151 LowRent of Arabia on 11.21.15 at 8:13 am

Smoking Man…get to the bottom of that bottle yet?

It seems like a deep one on Friday night. Your deletion rate is off the charts. Like the national debt.

#152 crowdedelevatorfartz on 11.21.15 at 9:12 am

@# 71 Popeye
Interesting. We’re working on some changes on the Tanu while its in drydock in Vancouver. Almost done.

#153 crowdedelevatorfartz on 11.21.15 at 9:20 am

@#128 Cyclist
Ah the joys of attacking geese.

My wild goose chase story.
I had to catch a “Pappa” goose, a “momma” goose and six little goslings about ten years ago from a 7th story patio garden that they had nested on.
That was fun…
Geese are grazers. They need grass for the young ones to properly develop so the ‘snatch” was on.
Had to get a permit from Fish and Wildlife. 10 million geese are apparently a protected species.
Geese mate for life so we had to catch the “poppa” first. Got them all used to hand feeding with canned corn( they were starving). Used a heavey blanket to corral then put them in boxes. The little goslings were the hardest to catch. Those little bastards can run! And they’re small enough to squish if you arent careful.
Took them all to a grass filled park and released them.
A good day for all.

#154 crowdedelevatorfartz on 11.21.15 at 9:31 am

@#113 Smoking Man
“Why do you keep deleting me you basatard…”
++++++++++++++++++++++++++++++++++++

Its called “tough love” Smokey. Every once in a while ya just gotta spank a child.

#155 crowdedelevatorfartz on 11.21.15 at 9:36 am

@#132, 134, 135,139,140 daffyd

Yer welsh record player is stuck again. It keeps repeating the same song.

#156 BillyBob on 11.21.15 at 10:17 am

#147 New Low in Sentiment…Feel Bad on 11.21.15 at 6:05 am

Have some faith in Canada. Just look at history…for every bust, there is a boom and we all got thru the War Measures Act and FLQ Crisis in one piece to create a country that is the envy of most on planet Earth.

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

I’m sorry, but this is simply nonsense. I’ve lived outside of Canada for the last decade in a truly multi-national city-state (160 nationalities represented in our 50,000 employees alone) and it is just a myth cherished by so many Canadians that “most” envy us. I really don’t where it started or where this idea came from.

“Most” do not know where Canada is, know much about us, or care. It is the height of vanity to think some majority actually envy us.

That is not to say that Canada ISN’T a great country, it is. (So far. It’s basically a baby in terms of compared history). But virtually every person I’ve met living outside of their home country yearns for their own country, no matter how dysfunctional or “poor” it may be – not Canada.

Canadians need to spend a little less time telling each other how great the place is and a little more time actually trying to BE great.

(Hint: electing a school teacher to lead a G7 nation isn’t a step in that direction.)

#157 Dwight on 11.21.15 at 11:11 am

Why not save a bunch of money by abolishing the Senate. I don’t understand why more readers aren’t suggesting this cost saving measure. We could have a national referendum on the question. We can’t afford the Senate, especially when it’s such an obvious waste of taxpayer’s money.

Abolition can only happen with provincial approval. — Garth

#158 Chris on 11.21.15 at 11:52 am

#143 Freedom First

Inflation is not legal theft. There is absolutely no promise of a fixed purchasing power from currency. You sound like an inflationista when you make such comments.

#159 Daisy Mae on 11.21.15 at 12:14 pm

“We also heard on Friday it’ll cost a billion or two to fast track all those Syrian refugees – which is a big humanitarian operation, but one which was uncosted during the election campaign….”

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

Re ‘fast-tracking’ THE STAR suggests it is a distinct possibility we may inadvertently allow terrorists posing as ‘refugees’ into our country. Risky.

#160 Patrick on 11.21.15 at 12:17 pm

#155 BillyBob on 11.21.15 at 10:17 am
“Most” do not know where Canada is, know much about us, or care. It is the height of vanity to think some majority actually envy us.
_________________________________

I’ve been asked many times where Canada is and if it is big. Canadian Exceptionalism is very strange. We swallow this line from our politicians so easily too.

#161 Leo Trollstoy on 11.21.15 at 12:19 pm

What exactly have I written concerning FX movement…

The writing for a year that the CAD would strengthen.

Maybe 20 years.

#162 Ponzius Pilatus on 11.21.15 at 12:26 pm

Smith Maneuver.
Is that what you use on someone who’s chocking on his bills?

#163 Ponzius Pilatus on 11.21.15 at 12:29 pm

The secret to success comes from under promising and over performing.
From the “Budgeteers Guide to Success”

#164 AB Boxster on 11.21.15 at 12:50 pm

Garth,

It is understandable that you have hard feelings for Harper and perhaps the Conservative Party in general.

However, comments such as:
The ‘Cons lied, the balance budget was fabrication it was marketing. Fraud.’ is a little over the top.

On a 300 billion dollar budget, 3 billion one way or the other is minuscule. Had the cons won, they could have made the budget balance instead of (surprise, surprise,) a deficit.

All parties lie, obfuscate and manipulate the numbers as they see. It’s the Canadian way.

Budget numbers are based upon projections and the Canadian economy has under performed.

On CBC radio this morning Scott Brison indicated that they are forecasting their new revenues based upon oil prices that are ‘still’ unrealistic.

It’s a game, as well you know.

The Liberals promise to show how they are the ‘party of tolerance’ and ‘true Canadian values’ by promising to bring 25,000 refugees into Canada by Jan. 1, 2016.

Yet refugee numbers for the past 5 year are:

2010 24,697
2011 27,873
2012 23,079
2013 23,831
2014 23,286

The conservatives were vilified in the media, the liberals applauded.

The Canadian media was entirely pathetic over the past election. CBC was atrocious.

The difference in budget dollars between these two parties will ultimately rest on one parties underlying philosophy of fiscal responsibility and less government, and the other parties philosophy of government intervention in the economy, and deficit finance.

The all lie.
The Liberals 10 billion dollar deficit will be a fabrication and all marketing. The Liberals will equally be accused of fraud.

But you know that.

Recent elections in Alberta provincially, and federally cleaned the house of a right wing perspectives.
But frankly, the conservative party did not really deserve to continue to govern in either jurisdiction base upon their performance.

However, this continual media ‘bs’ that the change of government has somehow brought Canada ‘out of the dark ages’, or that ‘Canada is back’ or that now Canada is in ‘sunny days’ is complete media nonsense.

Please don’t all into that trap.

#165 TurnerNation on 11.21.15 at 12:58 pm

It’s not working! Economic models seemingly cannot explain interest rate insanity (Canada’s cut this year?).

How about using street smarts: a concept of “Max Pain”.

Some people – but not me – run Max(imum) pain analysis in the stock market on options expiration day. Looking at a stock and all its call and put options outstanding, at all strike prices, which is the stock price on expiration day to cause least monetary gain/maximum loss to all of them as a whole? There is such a number and methodology.

Now, a banker has data for millions of mortgage. Slice and dice and learn when most 5-year fixed mortgages with greatest value in aggregate are to expire. Bingo that’ s your rate hike date.

#166 Not tonight honey on 11.21.15 at 1:00 pm

#122 the jaguar

///////////////////////////////////////
So I guess the Jaguar should have said not in my lifetime then?
**********************************
Yes dear, that sounds about right. Unless of course you plan to come back in your next lifetime….? Perhaps come back as a cheetah or lion (luscious locks surely required).
;-)

#167 Patrick on 11.21.15 at 1:04 pm

I really wish that the Canadian media would stop referring to terrorist “masterminds”.

I doesn’t take much intelligence to give automatic weapons to young men. Send them into civilian areas where unsuspecting, unarmed people are slaughtered and then they kill themselves.

How about sending soldiers into hostile enemy territory, accomplishing an objective and getting everyone out alive. Now that requires skill.

Just a random saturday rant after reading G&M. The headline should be “Coward terrorist planner blows himself up because he is dumb as bricks”

#168 GreatCanadianBubble.com on 11.21.15 at 1:12 pm

Sounds like a 60 cent dollar is coming our way. Hope nobody was planning on venturing outside of Canada. Or buying anything that was made or gown outside of Canada. Canadian Tire money is back!

#169 Ronaldo on 11.21.15 at 1:14 pm

This one’s for you Smoking Man. On schools and education.

http://www.caseyresearch.com/articles/weekend-edition-doug-casey-on-education

#170 Rainclouds on 11.21.15 at 1:30 pm

Bill Mahar last nite,

Our newly minted Trade Minister Chrystia Freeland was a panelist……. Cringe worthy. I appreciate the fact she was actually allowed to appear and we can get a sense of who is leading us, But…….OMG! I hope she doesn’t hijack

Naturally the whack job rebelmedia is all over it.

http://www.therebel.media/watch_bill_maher_tells_chrystia_freeland

#171 Rainclouds on 11.21.15 at 1:32 pm

hijack cabinet meetings

#172 Raging Ranter on 11.21.15 at 1:34 pm

Garth, regarding your response to #62, do you know of any good fly porn sites? I’m asking for a friend.

#173 OXI in GREECE on 11.21.15 at 1:39 pm

In fact that $2.7 billion surplus has turned into a $3.9 shortfall. Oops. Thus, seven of the eight years of Harper rule in Canada were ones in which the government spent more than it took in – including two where we had the largest annual deficits in history. That added over $170 billion to the national debt. It is hardly Conservative.

What now?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

How about cutting the size of govt by 25% so we are more in line with countries like Germany.

What a concept….

#174 Rainclouds on 11.21.15 at 2:08 pm

The pathetic blogster nails it?

http://www.businessinsider.com/october-2015-state-unemployment-rates-map-2015-11

#175 TurnerNation on 11.21.15 at 2:22 pm

More evidence we’re being herded into cities and robbed. Globe and mail today has a leftist programming piece that private funding of public park creation is the way to go. Why when condo developers must pay per development hundreds of thousands in development fees and Section __ fees which are to be earmarked into local development and improvements. Where are they??
Plus, these fees get passed on as closing costs to purchasers.

While we are distracted by manufactured refugee crisis and wars. Kiss your money goodbye.

#176 Shirley Valentine on 11.21.15 at 2:23 pm

#96 Smoking Man on 11.20.15 at 11:04 pm

#94 Shirley valentine. on 11.20.15 at 10:49 pm
#85 Smoking Man on 11.20.15 at 10:27 pm
Ya see the machine don’t want hockey players showing up at the lords door, and saying, hey mofo, your taken too much.. share.

Or I’m knocking your teeth in..

So its survivor instinct kicked in and created the pink shirt urbanight dudes, whole foods, bike ridding sweat men..

Yah, woman want then for a pay check split..but when mother nature visits…

Smoking men is all they desirer, even with bad teeth..
——-
Johnny walker wisdom.

Nope, experience…

True detective expermintation.
————————
Oh you studly badassed beast of a man.. I’m all flushed.

#177 TurnerNation on 11.21.15 at 2:39 pm

TSX index is dying with commodities junk, stalled financials. For the schlock pickers, last week brought nice moves in retail: Shopify (SH), Tim hortons (QSR). I heard LULU moved in the US. Dollarama is a perennial home grown favourite.

#178 Ernie on 11.21.15 at 2:50 pm

95% of society are hooped! I use Ontario as an example ,previous premier(Mc Giunty) and buddy criminals all pocketed $$ with no charges , Mc Guinty steps aside , too hot in the kitchen , an election is called and Wymme is elected majority to continue the thieving . 95% HOOPED!!!

#179 Tony on 11.21.15 at 2:54 pm

Re: #5 Popeye the Sailor Man on 11.20.15 at 7:25 pm

So put investments into the wife’s name until the income splits 50/50 or whatever is the least amount of tax for the both of you. If you have a lot of money get it right out of the country.

#180 Tony on 11.21.15 at 3:01 pm

Re: #113 Smoking Man

Try Shakespearean language.

#181 S.Bby on 11.21.15 at 3:05 pm

#155 BillyBob on 11.21.15 at 10:17 am
“Most” do not know where Canada is, know much about us, or care. It is the height of vanity to think some majority actually envy us.
—————————————————

BC Government slogan: “The Best Place on Earth”
Vancouver mentality: “Everyone wants to live here”

Pass the kool-aid.

#182 Sideshow Rob on 11.21.15 at 3:29 pm

Fed Emergency meeting on Monday. They will announce a bailout of Puerto Rico as well as an interest rate…cut. Sucks to own the global reserve currency. It means sometimes you have to make decisions based on global pressures instead of doing what’s right for domestic purposes. Clearly rates need to normalize. But the fed will blink. Again.

#183 Russ on 11.21.15 at 3:30 pm

Smoking Man on 11.20.15 at 9:02 pm
My dog Wyatt.

Daddy, you drink too much, please stop.

Daddy, you going to share that smoking stick that smells like that skunk that visits every night.

Daddy, man made climate change is real. Thats what the told us at learn to shake a paw school.

Dogs…is all I’m sayIng

He’s a beauty…. Love him more than life it self..
========================

Wrong path Smokie.

If you beleive that your dog thinks of you as Daddy then you have bin skooled, my man.
(sic, left in out of respect)

Snap out of it!

Cheers, Russ

#184 For those about to flop... on 11.21.15 at 3:46 pm

#165 Not tonight honey on 11.21.15 at 1:00 pm
#122 the jaguar

///////////////////////////////////////
So I guess the Jaguar should have said not in my lifetime then?
**********************************
Yes dear, that sounds about right. Unless of course you plan to come back in your next lifetime….? Perhaps come back as a cheetah or lion (luscious locks surely required).
;-)

///////////////////////////////
You sure write like Nora Lenderby…..making a comeback under a different title perhaps?Me thinks so!

#185 Herb on 11.21.15 at 4:15 pm

#174 Turner Nation,

go to the e-laws Ontario website and read the Development Charges Act. You will discover the following:

1. Municipalities cannot recover the full cost of development, but only the percentage specified for each category.
2. Municipalities must determine the charges to be levied on the basis of the historical averages calculated by city staff and published in a Development Charges By-law. If the calculations prove inadequate, the city cannot recover the difference through an additional levy or inflating future charges.
3. Developers can challenge charges by pointing out “Benefit to Existing”. For instance, a subdivision built in the sticks has to be linked up by road, so the city wants to levy “x” amount to recover the cost. But the developer claims that any resident can use the road to his subdivision, so there is a “benefit to existing” residents, and demands that 10% of the development charges be knocked off. If he doesn’t get his reduction, he can appeal.

The idea is that development should pay for itself, but it doesn’t.

#186 Holy Crap Wheres The Tylenol on 11.21.15 at 4:42 pm

Smoking Man I’m sitting here blitzed in 81 degree sunshine drinking rum runners thinking why aren’t you deleted already?

#187 salonist on 11.21.15 at 4:56 pm

Fk, can read humans no problem. But crazy cross eyed dogs is a bit of a challange.

https://www.google.ca/search?q=nobody+knows+you're+a+dog+on+the+internet&rlz=1T4GGHP_enCA581CA581&tbm=isch&tbo=u&source=univ&sa=X&ved=0ahUKEwiWzeTvsaLJAhXC7iYKHejzAwUQsAQIHA&biw=1024&bih=563

explains the deleted posts

#188 nakamoto on 11.21.15 at 5:26 pm

Welcome to the 2nd inning of inverted totalitarianism.

where democracy is subservient to finance and corporations

#189 Washed Up Lawyer on 11.21.15 at 5:54 pm

Hon. Hombre:

You said:

“This is why your pathetic blog has been talking about oil creep.”
*******

Call me an “oil creep” one more time, you will get a visit from an ex-Junior hardrock blueliner with bad teeth.

#190 LP on 11.21.15 at 6:02 pm

#158 Daisy Mae on 11.21.15 at 12:14 pm
Re ‘fast-tracking’ THE STAR suggests it is a distinct possibility we may inadvertently allow terrorists posing as ‘refugees’ into our country. Risky.
**********************
I prefer the logic of the Calgary mayor who said that it would be a pretty stupid terrorist who tried to go to a refugee camp in Europe by means of a leaky and dangerous raft or boat. Then s/he would have to walk for days from border to border seeking asylum and wait months again for the off-chance s/he will be one of the chosen to come to Canada.

Why would s/he do that when it is relatively easy, with enough bribery, to obtain a passably good passport and travel in relative comfort on a jet to the country of her/his choice?

I think we’re more likely to be threatened by a home-grown terrorist than someone actually from the middle east.

#191 Tony on 11.21.15 at 6:32 pm

Re: #22 Ken on 11.20.15 at 7:44 pm

And a 20 to 30 year bear market in stocks if this proves correct.
If the future rhymes with the handful of previous cycles we have to guide us, the “real” stock prices we see today may not be seen again for another 20-30 years.

http://www.marketoracle.co.uk/Article53061.html

#192 fishman on 11.21.15 at 6:38 pm

Vancouver mentality “everyone wants to live here”.” Pass the Kool Aid.” Drink lots cause you’ll need to rehydrate; one step into this town & you’ll feel the money evaporating off your person.

#193 Freedom First on 11.21.15 at 6:44 pm

#157 Chris

Wow! It is difficult to believe that people think like you do. Governments love people like you. Already bent over.

#194 Smoking Man on 11.21.15 at 6:51 pm

Thats it, never drinking again…ever.

This has gone beyond ridiculous.

#195 Setting the Record Straight on 11.21.15 at 7:07 pm

@189
“Home grown” terrorist?
Who is growing such people?

#196 Broke Dick on 11.21.15 at 7:08 pm

The sign should read
“Use the back door if you don’t want to be goosed”

#197 maxx on 11.21.15 at 7:35 pm

Merci Garth – you’re a wonderful soul.

#198 For those about to flop... on 11.21.15 at 7:36 pm

#192 Freedom First on 11.21.15 at 6:44 pm
#157 Chris

Wow! It is difficult to believe that people think like you do. Governments love people like you. Already bent over.

////////////////////////////////////////

Dating sites love people like you.No social skills.

#199 Not tonight honey on 11.21.15 at 7:43 pm

#183 for those about to flop
You sure write like Nora Lenderby…..making a comeback under a different title perhaps?Me thinks so!

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

Now now Mr. Flop, you should well know is it not a fine gesture to ever call a lady by another lady’s name!
I am new to this blog, since august. I haven’t read Nora’s posts, perhaps I should?

#200 Nagraj on 11.21.15 at 7:46 pm

When He sees that they’re gettin’ stressed out, God grants Guardian Angels some time off. Which is nice. Many of these holidaying Guardian Angels choose to manifest as Canada Geese. Because A) they like to fly, and B) they like to fly south when it starts to snow. [Also, be it noted, Canada Geese are not subject to airport security or customs.]

The Guardian Goose in the PHOTO (of “The Path Ahead”) is a goosified Guardian Angel whose name is Vito. He’s cool. He has a voice exactly like Brando in The Godfather. Don’t mess with him.

He’s guarding Canada (for now) from THE OIL CREEP and THE MORTGAGE CREEP who are presently INSIDE the building which is, of course, a bank in Toronto. Heaven help you all when Vito takes off for Caracas (he’s very fond of pineapple and not particularly enamored of corn which is why he don’t blog much – )

– isn’t it interesting how GT can so simply capture the Zeitgeist with just one click of his Polaroid while taking Bandit along on his postprandial urban perambulations.

[Guardian Geese have a venerable history dating back to ancient Rome. (Did the Viennese use them against the Turks?) (Anser, anserae – if I got it right – thus the Ger. Gans, and the Eng. gander.) Of course there will be no jets on Tronna Island – kinda told ya why, eh?]

#201 mousy on 11.21.15 at 7:56 pm

I like the new direction with the goose.

#202 Daisy Mae on 11.21.15 at 8:25 pm

#183: “You sure write like Nora Lenderby…..making a comeback under a different title perhaps? Me thinks so!”

**********

Only Garth knows…. ;-)

#203 Daisy Mae on 11.21.15 at 8:30 pm

#189: “Daisy Mae on 11.21.15 at 12:14 pm
Re ‘fast-tracking’ THE STAR suggests it is a distinct possibility we may inadvertently allow terrorists posing as ‘refugees’ into our country. Risky.
**********************
I prefer the logic of the Calgary mayor who said that it would be a pretty stupid terrorist who tried to go to a refugee camp in Europe by means of a leaky and dangerous raft or boat. Then s/he would have to walk for days from border to border seeking asylum and wait months again for the off-chance s/he will be one of the chosen to come to Canada.

Why would s/he do that when it is relatively easy, with enough bribery, to obtain a passably good passport and travel in relative comfort on a jet to the country of her/his choice?

I think we’re more likely to be threatened by a home-grown terrorist than someone actually from the middle east.”

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

Point very well taken.

#204 kommykim on 11.21.15 at 8:53 pm

RE:

#130 LowRent of Arabia on 11.21.15 at 2:39 am
I would happily take the $1.2 Billion CAD (60 bucks american I think now) and be personally responsible for the 25000 Syrians.

$1.2 billion / 25,000 / 6 years = $8000 per refugee per year. Yea, good luck with that.

#205 For those about to flop... on 11.21.15 at 9:00 pm

#198 Not tonight honey on 11.21.15 at 7:43 pm
#183 for those about to flop
You sure write like Nora Lenderby…..making a comeback under a different title perhaps?Me thinks so!

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

Now now Mr. Flop, you should well know is it not a fine gesture to ever call a lady by another lady’s name!
I am new to this blog, since august. I haven’t read Nora’s posts, perhaps I should?

///////////////////////////////////////////////
You both write formally , in any case welcome to the blog.
The more girls the better as it balances out viewpoints.
Also stops the blog from becoming a sausage fest.

#206 Freedom First on 11.21.15 at 9:12 pm

#197 For those about to flop

My messages are true and very very kind. The world delivers a much harsher lesson to those who remain clueless.

Dating sites? That’s for men wearing bullseye’s.

#207 For those about to flop... on 11.21.15 at 9:15 pm

#205 Freedom First on 11.21.15 at 9:12 pm
#197 For those about to flop

My messages are true and very very kind. The world delivers a much harsher lesson to those who remain clueless.

Dating sites? That’s for men wearing bullseye’s.

//////////////////////////////////////
You mean guys who work at Target?

#208 David on 11.21.15 at 9:33 pm

Deeply disappointed that 5 Star didn’t win the International award. Many Canadians have enjoyed 5 Star over the years and have stories of waking up in unfamiliar places with their wallet missing.
The Liberals are up to their old hat tricks of we didn’t see the books and the cupboard is bare and infrastructure will be attended to 20 years from now.

#209 Washed Up Lawyer on 11.21.15 at 9:41 pm

#199 Nagraj on 11.21.15 at 7:46 pm

The Oil Creep. An Oil Creep. Oil Creeps. Big diff.

Grammar cop!

In any event, them’s fightin words out here on the Great Plains.

#210 retired WI Boomer on 11.21.15 at 10:40 pm

Just home from the usual Sat. nite drawing and dice dummy championships. 1st day of the annual deer season with the hunters showing off their kills. Yeah, sort of juvenile, but it IS tradition here, in the land of cow shit and beer farts.

Locals say things are OK -whom am I to argue? While it’s probably 4th inning in the world of inverted totalianism, we won’t know until credit previously established is denied without apparent reason. Who knows what is valuable anymore? We are here for a fart and season, no more than that. Some get 70-80 after that, few can justify their existence anyway.

So, whether you bee the teetotaler or, the raving Smoking Man, bless ya, anyway!

Maybe we wake up tomorrow, maybe not so much! If we do, it be a Sunday. Do what you desire…

#211 Bruce on 11.21.15 at 10:41 pm

5 Star? Do they still make that?

#212 MF on 11.21.15 at 10:47 pm

#189 LP on 11.21.15 at 6:02 pm

Except these are not all Syrians. Lots of migrants from other countries posing as refugees. Some leaving “good” lives back home.

That’s why rushing 25k as part of some stupid election ploy is stupid policy.

MF

#213 AfterTheHouseSold on 11.21.15 at 10:55 pm

GM Oshawa has delayed the shut down of the Camaro line until December 17. The ‘vast majority’ of the 1000 layoffs have been mitigated by those eligible for retirement. Retirement incentives included a bonus of $50,000 to $60,000. and a car voucher of $20,000.

#214 MF on 11.21.15 at 10:56 pm

calgaryPhantom

Oh please.

Check your supposed superior understanding of Mideast affairs and recall the USSR invaded Afghanistan.

That flies in the face of your simplified assertion that “we” keep meddling. The USSR was not part of the west was it?

And your assertion that everything would be peachy if we all just minded our own business fails to take into account the alliances and foreign policy of the turn of the century and who the Ottoman Empire (Turks) supported during WW1..not that you mind driving your large gas guzzling SUV and enjoying the western way of life either.

MF

#215 Riesling Gosling on 11.21.15 at 11:10 pm

Garth

On the goose theme, with the current spike in turkey prices, why don’t more canucks do like the germans and eat goose…seems to be an endless supply and pretty darned tasty as well….I betccha Ryan Gosling would go for it…

#216 Basil Fawlty on 11.21.15 at 11:22 pm

There was an interesting article at David Stockman’s website. He indicates that not including Facebook, Amazon, Netflix and Google (FANG), the S&P 500 is down 2.5%, since December 2014.
He also indicates that the most currently reported P/E ratios on the FANG stocks are 107x, 950x, 307x and 32x respectively.
http://www.davidstockmanscontracorner.com/when-wall-street-gets-defanged-look-out-below/

Stockman uses fear to sell his book. — Garth

#217 Entrepreneur on 11.22.15 at 12:32 am

Electing the Liberals and/or the Conservatives back and forth (not allowing the NDP to federally govern) is just putting the people is a hole. A NDP government had a much better platform than the Liberals. When will people wake up and realize that the NDP are for the people and the environment (and this is not communism).

If you look at the 2015 Federal Election voting map people who voted for the NDP were people who lived by the waters (except for the First Nations who voted Liberals & mostly cities). The only reason one would not vote for the NDP is money control which will go to corporations and them not to the people of the land. Use common sense and don’t let NDP haters deter you.

Look at the mess both parties bring you, remember this. Back and forth, back and forth, Liberals, Conservative over generational governing . How much more of this nonsense? Get the right party in!

#218 Ian Dawson on 11.22.15 at 12:35 am

“Stockman uses fear to sell his book – Garth”

How else could he explain this current situation? After 83 months of ZIRP and $4.5T sitting on the Feds balance sheet, people have every right to be afraid of the biggest credit bubble in world history.
The issue of major importance is not fear, it is whether or not Stockman is correct.

#219 Oceanside on 11.22.15 at 1:07 am

23 Binder Dundat on 11.20.15 at 7:46 pm
“On the day when our new finance minister, Suicide Bill”

Not bad, Garth, but I prefer “The Unpaid Bill”. It’s catchy, and he has taken a rather large pay cut recently.

Lets just wish him luck in trying to patch up all these years of deficits (except last year of course) Thanks GM shares…..

#220 Randy Randerson on 11.22.15 at 1:56 am

#144 OffshoreObserver on 11.21.15 at 5:04 am

My main drive to become non-resident is two fold. First I’m sick of this Socialist Republic of Canukstan’s view that success should be punished, whilst failure is rewarded. Second, I could go back to school in my home country to be re-licensed to stay in my line of work. Tax rate is a flat rate tax, so for the same amount of income I get to keep more in my pocket. Not to mention there are no tax on cap gain, dividend or interest.

#221 Basil Fawlty on 11.22.15 at 3:57 am

Garth, Thanks for printing my stuff, I know I’m a pain in the ass.

#222 rusty bedsprings on 11.22.15 at 7:59 am

#212 AfterTheHouseSold on 11.21.15 at 10:55 pm
GM Oshawa has delayed the shut down of the Camaro line until December 17. The ‘vast majority’ of the 1000 layoffs have been mitigated by those eligible for retirement. Retirement incentives included a bonus of $50,000 to $60,000. and a car voucher of $20,000.
….”

Oh great, what would Ford have said?????you can have any rust bucket with that voucher as long as it’s black!

#223 Herb on 11.22.15 at 8:13 am

#207 David,

The Liberals are up to their old hat tricks of we didn’t see the books and the cupboard is bare and infrastructure will be attended to 20 years from now.

But your “Conservatives”, of course, have never suppressed information, fudged, obfuscated, deceived or downright lied. It’s partisan horseshit like yours that makes the comment section increasingly difficult to scroll through.

But that’s the whole idea, isn’t it, to make Garth unreadable and irrelevant.

#224 Julia on 11.22.15 at 9:08 am

Smokey, cute dog (although I prefer larger dogs myself) but I was picturing you with some sort of large size mutt.

Or a St-Bernard carrying your drink?

#225 Not tonight honey on 11.22.15 at 9:22 am

#201 Daisy Mae

Only Garth knows…. ;-)
////////////////////////////////

Yes, Garth knows very much indeed ;-)

#204 For those about to flop…
You both write formally , in any case welcome to the blog.
The more girls the better as it balances out viewpoints.
Also stops the blog from becoming a sausage fest.
///////////////////////////////////////

Thank you for the welcome. I am vastly under-educated in the realm of personal finances so very much appreciate Garth sharing his time & talents. I also enjoy the sensible input and light hearted banter of the posters, it’s a welcome & needed break from Toopy & Binoo (mustn’t forget Patchy Patch)

Sausages are likely quite fine when balanced with a healthy well rounded diet; it is those wee schnitzels to watch out for. Those poor ‘lil schnitzels commonly suffer from sausage-envy making them bitter over compensators ;-)

TTFN, must attend to our DNA experiments…..
In Peace,
NNL (not Nora Lenderby)

#226 Herb on 11.22.15 at 9:30 am

re. Refugees and Migrants –

here are some facts and figures on the refugee/migrant situation in the major “target” country of this refugee wave, Germany. (The FAZ is a major German daily and a credible source. Don’t know if the link captured the lumpy English translation. If it didn’t, google will translate it.)

http://www.faz.net/aktuell/wirtschaft/wirtschaftspolitik/deutschlands-fluechtlinge-in-grafiken-13867210.html

The trick is to segregate Syrian refugees from others trying to leverage the Syrian crisis into unrestricted immigration. In the case of Germany, Syrian applicants so far represent 21.6% of the total number of registered asylum seekers, 55,487 of 256,938.

#227 Smoking Man on 11.22.15 at 10:36 am

Happing more and more..

https://youtu.be/iQH11GW7w8Q

#228 Broke Dick on 11.22.15 at 10:42 am

#198 Not tonight honey on 11.21.15 at 7:43 pm
#183 for those about to flop
You sure write like Nora Lenderby…..making a comeback under a different title perhaps?Me thinks so!

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

Now now Mr. Flop, you should well know is it not a fine gesture to ever call a lady by another lady’s name!
I am new to this blog, since august. I haven’t read Nora’s posts, perhaps I should?

/////////////////////////////////////

You’ve been here since August and you haven’t read Nora’s posts? Her hundreds and hundreds of posts.
?????????????????????????????????

#229 Broke Dick on 11.22.15 at 10:43 am

You might as well ask “Who is Mark?”.

#230 Daisy Mae on 11.22.15 at 10:44 am

Someone argued Marks’ use of the word ‘incented’ was incorrect….see below.

verb
US

past tense: incented; past participle: incented

provide with an incentive.
“it makes sense for the government to incent people to invest in research and development”

#231 young & foolish on 11.22.15 at 11:02 am

Are share repurchases and rising dividends a real long term problem for corporate America, or are large brand names investing in R&D and growth strategies in other ways (i.e. M&A)?

#232 Tom from Mississauga on 11.22.15 at 11:07 am

Maybe Kill Bill instead. Like the movies…

#233 MF on 11.22.15 at 11:35 am

#222 Herb on 11.22.15 at 8:13 am

Whether you like it or not politics and economics are closely related.

This is a forum made up primarily of successful and financially savvy individuals. That’s the group that was unfairly targeted during the last election by this clown in power today.

Garth’s message has always been how to navigate the financial waters no matter what government is in power. Remember how he referred to “F” and the Cons and criticized them daily for the last 6 years? Where were you then?

MF

#234 Alberta is Finished on 11.22.15 at 11:39 am

Poor Alberta. The CONs and their buddies took all your oil money. Now there is no one trillion dollars saved up like they did in socialist Norway. I guess Norway just proved that government can do a much better job making and keeping profits for the citizens then any corporation. You fools believe the corporate media propaganda that government is inefficient when the fact is government can do just as good and in most cases better then any corporation. Now Alberta is Finished. Expect more lay offs for years to come. Alberta is Finished

Sales taxes — Norway: 25%, Alberta: 0%. — Garth

#235 For those about to flop... on 11.22.15 at 11:46 am

#224 Not tonight honey on 11.22.15 at 9:22 am
Thank you for the welcome. I am vastly under-educated in the realm of personal finances so very much appreciate Garth sharing his time & talents. I also enjoy the sensible input and light hearted banter of the posters.
///////////////////////////////////////////////
Yeah ,some people think the comments section is a joke but I find the odd nugget to mine.
I am an investment hack myself and as I like to say I’m no Warren Buffett ,but I have been to Golden Corral!

#236 Dyugle on 11.22.15 at 11:56 am

Please point out what you mean by interest rates will normalize given this historical graph.
https://research.stlouisfed.org/fred2/series/AAA
Just which part of the graph is normal?

Those are corporate bonds. Look at central bank rates. — Garth

#237 MF on 11.22.15 at 11:58 am

#225 Herb on 11.22.15 at 9:30 am

Bingo. Lots of these “Syrians” aren’t Syrian at all. They are economic migrants jumping on the Syrian bandwagon and taking advantage of loop holes.

I’ll say it again: it’s a stupid policy and a stupid election ploy (nevermind dangerous).

MF

#238 Herb on 11.22.15 at 12:01 pm

#232 MF,

don’t know what your comment is in aid of, but I was right here during those years, Snowflake. Calling PM Trudeau a “clown” would seem to indicate your intent, however.

Do try to relax, though. The man hasn’t had a chance to perform yet, except to replace Harper and his ilk in government, for which this non-partisan liberal spirit is most grateful.

#239 Ponzius Pilatus on 11.22.15 at 12:01 pm

Sales taxes — Norway: 25%, Alberta: 0%. — Garth
——————
But beer is much cheaper in Norway.
Also, beer in the private outlets in Alberta is more expensive than in BC.
How come?
I thought deregulation makes everything cheaper because of competition.

#240 Not tonight honey on 11.22.15 at 12:16 pm

#227 Broke Dick
You’ve been here since August and you haven’t read Nora’s posts? Her hundreds and hundreds of posts.
?????????????????????????????????

//////////////////
Sorry to disappoint BD!
I just had a quick look back at a couple NL posts and yes I did, in fact, read a few but simply did not recall it…..my synapses are a bit mouldy these days. Staying home to care for a child and a clone will do that!

Btw, while I can not speak for Lenderby, many women learn to speak formally as a protective measure to deflect the lowest common denominator that loathe women at first sight simply for being a standard deviation or more above them, sad but true.

Lenderby if you’re out there, speak up! I think you may have a secret fan club that misses your fast firing neurons!

With Kindness,
NTH

#241 Ronaldo on 11.22.15 at 1:02 pm

Smoking Man, another interview with Doug Casey on education. I believe you can relate to what he is saying.

http://www.caseyresearch.com/articles/weekend-edition-doug-casey-on-why-most-people-shouldnt-go-to-college

#242 chapter 9 on 11.22.15 at 1:10 pm

#225Herb
#236 MF

Here is what we are up against!
Islamic state of Iran and Islamic state, ISIS, Shia and Sunni, both believe we are living in “end of days”as predicticted by ancient prophecies. Both are convinced that any moment now their messiah, the Mahdi, will be revealed on earth to establish it’s global Islamic Kingdom and impose Sharia Law. Both believe that Jesus will not return as the savior or son of God but as a lieutenant to the Mahdi and that will force the non-Muslims to convert or die.Both believe the Mahdi will come only when the world is engulfed in total chaos and carnage.Both want to speed this process up. Both of course have vowed not to attack but annihilate the US,Israel and it’s allies. Both believe that the day of judgement is coming soon where they will be rewarded for their actions or condemned to hell for eternity. Both want the Mahdi to arrive sooner not later.
The recruitment of new followers is very easy, the promise of being a glorious fighter in historys final hour. ISIS leaders are focusing on two areas only-Developing and Expanding Territory and financial infrastructure. Let’s not forget the other 27 terrorist groups that also have a target on our backs.

#243 Roasted Nutz on 11.22.15 at 1:40 pm

#240 Ronaldo on 11.22.15 at 1:02 pm

Smoking Man, another interview with Doug Casey on education. I believe you can relate to what he is saying.

http://www.caseyresearch.com/articles/weekend-edition-doug-casey-on-why-most-people-shouldnt-go-to-college
————————–
Dude’s not pumped on Oilberta either!

http://www.internationalman.com/latest-news/the-bloodbath-in-canada-is-far-from-over

#244 Smoking Man on 11.22.15 at 2:11 pm

#240 Ronaldo on 11.22.15 at 1:02 pm
Smoking Man, another interview with Doug Casey on education. I believe you can relate to what he is saying.

http://www.caseyresearch.com/articles/weekend-edition-doug-casey-on-why-most-people-shouldnt-go-to-college
….

Guy knows his shit…thanks for the link

#245 Rational Optimist on 11.22.15 at 3:18 pm

“…the Cons lied. Thus, we do not have a balanced budget… That was a fabrication. It was marketing. Fraud.”

Fraud is a Criminal Code offence: here it is, section 380: http://laws-lois.justice.gc.ca/eng/acts/C-46/page-193.html?texthighlight=fraud#s-380

Washed Up Lawyer, maybe take this one on behalf of the other 34 million of us?

#246 Future Disgraced Senator ( I sent the new P.M. an email to volunteer) on 11.22.15 at 3:35 pm

“I have never recommended the SM, nor will I. — Garth”

You mean Smoking Man, right?

Suicide Bill could be to easily confused with the upcoming assisted suicide legislation.

Oh one more thing Kevin O’Leary, Canada’s Donald Trump. Neither of them are deeply connected with reality or the truth. A couple of useless windbags that are great at self promotion but not much else.

#247 Entrepreneur on 11.22.15 at 8:01 pm

How does Norway deal with mental illness? the homeless? How long have these issues not been dealt with in Canada? It will never be resolved, has never been resolved. The Food Bank is in greeter need than ever before but the government does not even equate that in there statistics. I would rather pay a sales tax (if have to) and see common sense in the equation than leave the people high and dry. Something that I have been taught and that is the natural resources belong to the people that live there. I am looking forward to hear Premier Notley on her environmental report!