So, the TV reporter with the nice hair asked the guy-in-the-street, why ya voting for Arnold Schwarzenegger?
The guy looked at him like that was the lamest question ever. “To see what’ll happen,” he said.
It was 2003 and the Hollywood actor with no political experience and ubiquitous name recognition went on to become the governor of California. Seven years later the state was spending $20 billion more than it took in, and technically bankrupt. Ultimately the Terminator was found to be a political failure who spent copious time with a second family, and paid his mistress ten grand a month.
So now the entire country looks like it might just trundle down the same path, to see what happens if Donald Trump becomes president. Against the odds and predictions (including mine) he’ll win the Republican nomination and currently is running neck-&-neck with a damaged Hilary Clinton in the polls. Her inability to bury that leftie nutbar Bernie Sanders has seriously assailed her image as unbeatable. She’s not. Now the woman looks like an Establishment shill, with the coming Trump-Clinton slugfest promising to be one of the ugliest in memory.
So what’s it mean?
First, yes, he could win. There may be an army of mouth-breathing rednecks behind him, but you don’t get to 40% in nationals just appealing to people who think their cousin’s hot. Politics is about communications, and he’s winning. Lots of Americans believe Clinton’s best-before date was sometime last Century, that her husband’s a dufus, and she’ll be a spend-and-tax, hopey-changey liberal at a time when the economy needs just the opposite
Okay, so what does this bode for us?
President Trump could be tough on the Canadian economy if he makes good on his promise to rip up the North American Free Trade Agreement. He’s a wall-building and tariff-imposing America-firster who wants the US to be energy independent, somewhat immigrant-free, cut taxes, and spend a trillion more a year on defence and other hard stuff. It’ll be war in terms of trade with China, Japan, Mexico and Korea. Tariffs as high as 45%. Trump says he thinks the American economy’s in a bubble that he expects to pop, leading to a recession, likely in 2017.
Sigh. Just when maple was looking more tasty again. This is a growing reason to be cautious, which means you should probably keep your Canadian content where it is (hopefully) – less than one-third of your growth assets.
Second, cutting US tax brackets and lowering the business rate (as Trump vows to do) would likely goose consumer spending, be bullish for car manufacturers, retailers and the real estate industry. This accounts for 70% of the American economy, so that recession he’s expecting might be a big non-starter. Stock markets will like that after, of course, they react with alarm and volatility to the events of Tuesday night, November 8th.
Third – but if history’s any guide, Clinton would be way better for investors than Trump. During the most recent 15 years when Republicans have been in office, the Dow went up 42%. But with Dems in office, markets soared 609% – more than fourteen times the advance. Over the last three decades, same pattern – Republicans 166% vs the Democrats’ 1,900%.
Fourth, markets hate surprises. Right now nobody seems to be seriously factoring in a Trump presidency because it’s too wingy and out there. That will change in two months after the nominating conventions, and when there’s just five months left until the general election. Combined with two Fed rate increases now expected during 2016 – one in June or July and the other in the autumn – that could make for a wild few months in the bond market. Ditto for commodities, since the US dollar will rally and the price of stuff like oil likely drop as a result.
So the only thing you really need to know about is uncertainty. It’s out there now and every week it stands a good chance of increasing. Keep an eye on the VIX, for example. The volatility index has been coasting along serenely lately, but seems unlikely to continue.
Because you (nor anyone else) have the faintest idea what will really happen when this summer ends, get ready now. The best defence is a balanced portfolio with 40% safe stuff (various bonds and preferreds) plus 60% growth assets (including some REITs) that are broadly diversified. Stick with ETFs, not individual stocks since some of them will be clobbered by Trump (if he wins) for offshoring their profits. If your portfolio’s big enough, have exposure to medium and small-cap companies as well as the large-cap guys. As mentioned, have twice as much US and international exposure as Canadian. Keep cash to 5% or less, for opportunities that arise.
Above all, never, ever underestimate the capriciousness of the voter. Hey, we got a weed-pushing, tat-embroidered, selfie-loving, deficit-happy, elbow-throwing pugilist. Just to see what would happen.
150 comments ↓
I know..He’s inbred..Heinz 57
If it’s too loud you’re too old?
A perfect summer day on King, Queen Sts West. Marred, only by the ear splitting sounds of unmuffled
motor bikes. Can’t even talk or hear. Deafening at stop lights.
I know, we need an immediate and retroactive Green Law forcing catalytic converters onto each evil pipe.
This enviro-scrubbing block surely will tone down the output.
Go greenies.
Think of the Children.
Think of the icecaps.
Think of Polar Bears!!
Garth, do you ever recommend someone hold more than 5% cash if there was greater uncertainty or is 5% the max one should ever hold in cash ever?
This might help someone looking for a job.
Positive and negative words to use on your resume.
If you use the term”best of breed” you deserve not to get hired…
M41BC
https://imgur.com/gallery/a6oH8OC
“but you don’t get to 40% in nationals just appealing to people who think their cousin’s hot.”
My cousin’s hot! I bet I could be primed minister.
Mr. T : Best blog post of yours I have read to date on my 6 months here.
Thank you!
yes garth
we evolving reptiles can be strange at times
but we always seem to get through it
happy queen day all u doggies
Gonna pull a T2 on Hillary.
Flying elbow from the top ropes!!!
democracy is scary…but sometimes we have to go a different way…it’s scary..maybe he’ll take a better path…
Am i alone? I hope Trump wins. At least he can run a business. We need someone to run our economy like a profitable business, not a corrupt one spending frivolously like we have. He will eat Trudeau alive.
More like 50% plus cash. The day after has a HUGE chance of crashing if Trump gets in.
We’ve had a Liberal Democrat Economy for almost 40 years. It’s a FAKE Bubble Economy.
Lol… Love it. Could’t have said it better myself.
Respectfully, Garth (or perhaps not), you are a donkey.
Trump wouldnt be such a bad president, although I dont think he could actually get anything done and he would likely get bored of the job and resign half way through his first term.
Millennials:
https://www.youtube.com/watch?v=hLpE1Pa8vvI
Maybe, just maybe, if a politician actually walked the talk people would take them seriously. Boy wonder is spending another (who knows how much) avoiding his elbow gate issue in Asia, accomplishing absolutely nothing besides getting mocked behind his back.
Trump may be elected due to the disgust of American politics; Hillary is the worst dishonest delegate out there, how scary; we need a COMPLETE change; this is not working. There is no vision!
Then again continue to tax and charge us more and see where that leads. To all the self gratifying political and corporate losers who attempt to squeeze blood out of a rock, Eff off, no really, eff off!
Feel much better now; good-evening all!
Good blog Garth!
“Okay, so what does this bode for us?
President Trump could be tough on the Canadian economy if he makes good on his promise to rip up the North American Free Trade Agreement. ”
====================================
Or, nothing will happen. Just like we have witnessed over the past 8 years with their current President.
Good post.remember though common sense is not too common.idiots out number sound minded people.therefore the voters are reflective of the candidates. More idiots more idiots to cote for
HELLO
I Believe that man, that supper alien man with the Phd in Herdonomics called it perfectly Regarding Trump way back when.
Applause welcome
So today I decided it was time to have a beer with the Great Gartho, snap a pic and send it to Turner Nation.
On board the Nissan was two cans of none alcoholic beer, cops everywhere, I’m not an idiot. I took my sons car, my old pick up with the cracked windshield is a bit embarrassing.
So I make it up to the general store on 758 Bush street in Caledon around 2:15, Holy crap, no parking anywhere, cars lined up on both sides of the road for miles, including the cross rd.
My narcissism was going crazy: Fk Yeah! all these losers here to see the Great Dr. Smoking Man.
Then I see a shit load of bikers, panic sets in, what if a few of these beasts are trans people, mad at my posts and coming to kill me before they get their nuts chopped off.
After several drive buys I pull into the parking lot gather up my bravery, put on a disguise.
Told the wife no matter who comes to get me, stay in the car, I don’t want you to hurt anyone of them. I head on in.
No Garth, very pleasant young staff, Got two vanilla Ice creams and two waters. Told the young man to tell Garth, Smokey says Hello.
Gartho: you old fox, that place is a gold mine.
Well Done.
“So, the TV reporter with the nice hair asked the guy-in-the-street, why ya voting for Arnold Schwarzenegger?”
====================================
President Reagan was an actor. And he was very successful…
Will Monica Lewinsky be in the White House so Hillary’s dementia doesn’t get out of control?
Bottom line, the only group that Trump has not offended are white, males….don’t think there are enough of them to vote him in!
It’s FAKE, I tell ya
It’s a FAKE Bubble Economy said Randy at 12.
*************************************
Sounds like someone failed to invest in the FAKE economy.
What part is FAKE? All the large new houses? All the bright new commercial buildings we see everyplace? The cars?, The cell phones? The Costcos? The giant sports arenas? The airplanes? The restaurants? The amazing bounty in the giant supermarkets? The glitzy shopping malls filled with products? It all seems so real to me.
But wait, we humans borrowed the money from the martians to pay for it right? (Are we allowed to be racist against martians? I think so).
#19 brian on 05.23.16 at 7:18 pm
Good post.remember though common sense is not too common.idiots out number sound minded people.therefore the voters are reflective of the candidates. More idiots more idiots to cote for
………
Great post dude. Now you know why liberals get elected in Canada.
Joking Man #16
No Garth, very pleasant young staff, Got two vanilla Ice creams and two waters. Told the young man to tell Garth, Smokey says Hello.
/////////////////////////////////////
Well, Joking Man,I would have bet on the other 15 flavours.
You just don’t strike me as a Vanilla type of guy…
M41BC
It is about time for a real businessman with real experience to clean-up the American economy.
Yes, Trump went bankrupt several times, yes, he is not perfect, but at least he has a pretty good idea of what works and what doesn’t and he genuinely wants to restore what once was the greatest goods-producing economy in the world. Making stuff is what creates wealth, not providing services to each other.
The excitement of “let’s see how this turns out” in Trump’s case is much bigger than in Trudeau’s…
WILL WE ALL BE TRUMPED? NOPE. THINGS ARE DIFFERENT THIS TIME
As Hillary continues her worried campaign to her November’s date with destiny, while Bernie sucks the life out of her campaign in this amazing bout of internecine warfare, Mr. Trump just harumphs along nicely, thank you very much.
It is well nigh impossible to accurately forecast what a Trump administration would look like or do should he win.
I figure his highly protectionist policies on trade and immigration may be subject to considerable watering-down depending on the make-up of the Senate and House of Representatives. There will also be pressures from the denizens of the shadowy Deep State.
Republican domination of both houses would be worrying indeed for US allies. But will that happen?
It’s worth looking at previous election outcomes to find that while Americans may vote in a “radically-new” president, I have Ronald Reagan in mind here, voters also handed him a Congress that refused to approve his budgets, during both of his terms.
For decades we have seen elected do-nothing Congresses because Americans know those often do less harm to the rest of us than otherwise.
While Mr. Reagan helped to “bring down that wall,” his domestic programs were somewhat less than brilliant in the result.
I believe a Trump administration will be more along the Reagan lines with room to manoeuver because Trump will simply have to.
For instance, the US is in no military-way capable of putting down negative reactions to Trump in all of the Empire’s “colonies” around the world; too many people opposing and too few guns to counter the protest.
Mr. Trump has repeatedly made known that he is a “negotiatator;” read his book Art of the Deal. Also, he has spent decades cutting deals with the world’s capitalist classes, and he’s prospered mightily.
There is no way, he would have been as successful if he tried to bully his way into every deal, most notably with some of his business competitiors in China, Japan and South Korea, tough customers indeed.
But the issue of international diplomacy is a rat’s nest of a whole different type, and much more prescient. That will be his REAL challenge.
He knows that US foreign policies during the Obama (Hillary failed here lots) and G.W. Bush years have been utter catastrophies. The Yanks have either lost every war, going back decades, or retreated post-haste from battlefields only to see the onset of ISIS, et al. Military and political vacuums are ALWAYS filled with undesirables if the Imperium keeps on running away from the wars it starts.
Therefore Mr. Trump’s footprints will have to be very carefully made, indeed.
He could no longer do a “Teddy Roosevelt,” with his “rough riders” pounding across the world in triumph, because the blowback would destroy his everything. Technology changes and desperately high US debt loads will reinforce all of that.
Meanwhile, I still say one of the safest investments Canadians can make is to buy bank preferred shares and ETFs as St. Garth of Cautiousness For All and Forever continuously stresses.
Our big banks are doubtless amongst the finest investments right now. Watch for merger talks to restart in the not-too-distant future.
boom bust
20 years to pay off the last boom …
decreasing population and many empty units and very dependent on sales tax whoops
http://uk.reuters.com/article/us-usa-northdakota-bust-specialreport-idUKKCN0Y91WG
====
that would mean triple the fine?
Lawsuit accusing 16 big banks of Libor manipulation
https://www.theguardian.com/business/2016/may/23/libor-manipulation-lawsuit-hsbc-barclays-ubs-bank-of-america-deutsche reinstated by US court
Civil Antitrust Lawsuits Reinstated Against 16 Banks in Libor Case
Appeals court restores private suits against Bank of America, J.P. Morgan Chase, Citigroup and others
Why is some one who lost their job when their factory moved to mexico all of a sudden a mouth breathing red neck?
This is just as offensive as all those HAM defenders you blast every night.
If Hitlery wins I am moving to a high point in the mountains so I can watch Armageddon whilst having a cigar in a hot tub. Although the hot tub part might be logistically difficult. Maybe I’ll just stay here since it’s only a matter of days difference between the preppers and the rest once they launch the bombs. Fall-out shelters cannot save you.
Trump of course is a wild card, who knows what he would do, but hopefully he understands that a nuclear war means everybody looses. Hitlery does not.
Attacking Russia with nuclear weapons is a suicide mission, even if they fire not one missile back, because the blasts would liberate so much spent fuel. Same as no sane person would nuke the US at this point due to the same reason. Both countries and Europe as a whole already have Dr. Strangeglove’s doomsday machine, and all 3 are bigger than were intended.
If we go to war, this time we all die. If you are one of the rare freaks who has a bomb shelter, guess what? It won’t help unless you can stay in there forever. It might have been useful in the 50’s and 60’s but where we are now you and your descendants can’t come out for 500,000 years. I doubt you have those kind of provisions.
Well, when you gonna announce your running for the Con party?
We still could use some common sense in this land!
Trump…er,….NOT!
Failed businessman, inheritance would be TWICE what it is, had he merely invested in broad based INDEX FUNDS!!
“I” should trust my country to this idiot?
Hillary, smart but, not trustworthy. Look at the baggage in THAT closet. I would HOPE we can do better.
Bernie, senator for years. Votes like I probably would. Not rich, not beholden, Jewish, and questions Israel’s actions regarding Palestinians. Climate change believer, fights for the underdogs, has an anti-war stance.
So far, he has my meager vote…
If one does not support what they believe, and live, what the hell good are they?
No candidate is ever “Perfect” as no human being is either. Politics is the art of compromise, but we need to take the climate as a real issue (sorry Smoking Man).
I like my life, my sons life, my friends kids, and grand kids, we don’t want to blow it now.
If I HAVE to, I’ll hold my nose and vote for “Killary” over the Trumpster. We still have 2 national conventions, and who know what else can happen.
LONG way until November….
we can ‘hope’ better options appear before then.
Sanders and Trump have accomplished a lot by exposing the workings of the System, why and how the vote of the little people does not mean anything in an election. The elite make the decisions and ram it down the throat of the little people. The corruption and waste in all levels of government is mind boggling.
Trump will make an excellent POTUS.
Many Canadians are wishing for Canada to have a Trump.
I can’t believe Trump has gotten this far!
However, both Bernie and him have tapped into the anger of the average American. So many people got burned in the 2008 collapse and haven’t recovered.
We are finally starting to see slowing pace of housing sales in Metro Vancouver. Start selling what you own, the top is near.
“Because you (nor anyone else) have the faintest idea what will really happen when this summer ends, get ready now. The best defence is a…”… – HonGT
#SoundAppreciationOfHistory,Or… #HowTheWorldReallyWorks… #LifeLessonsFrom… #TheInimitableWayBackMachine…
https://youtu.be/0BVRhsqHE5M
#FastForwardToNow…
[Xinhua] – U.S. lifts arms embargo on Vietnam
HANOI, May 23 (Xinhua) — President of the United States Barack Obama on Monday announced the United States is lifting a decades-long arms embargo on Vietnam…
The Vietnamese president, for his part, said that “Vietnam welcomes U.S. decision to completely lift arms embargo on Vietnam.”
http://news.xinhuanet.com/english/2016-05/23/c_135381691.htm
[NoteToGT: So much for TheRevolution… I wonder what Uncle Hồ would have made of it all?]
…the plot thickens say what?
In a 9-page letter dated yesterday and posted to his blog, Ortel calls the Clintons’ charity the “largest unprosecuted charity fraud ever attempted,”
@ #16 Just In
Don’t judge millennials till you’ve walked in their shoes.
Cause they would sure love a pair of yours……
WULLY,I’ve got a new picture for your dartboard…
M41BC
http://www.cbc.ca/news/canada/edmonton/man-charged-impersonating-fort-mac-evacuee-1.3596164
I hope Trump win the election too.
He’s made and lost billions in his lifetime, all Hitlery Clitless has done is give speeches for money to her lackeys on Wall Street. She doesn’t wipe her ass with Royale or Charmin unless the opinion poll results tell her which one is softer and better to use.
Globalization is bad and only benefits the 1%.
The last time we had a politician who called it like it is was when Reagan referred to the Soviet Union as the “evil empire”. Every single university professor choked on their ball gags that day.
I think that Trump will be a disaster, but he will grind T2 into dust. Make America Great!
Get ready for a Trump Presidency Canada. Canada only has a high level of living standard because of America! Canadians will soon be reminded of that!
Go Trump!
The U.S. election is 5&1/2 months away. A lot can happen by then. Don’t anybody get excited.
Also, to #5 Freedom First impersonator fan club member, your cousin looks like today’s pic.
Trump has already won this. He took out 17 republicans single handidly even though they all ganged up on him and the movement has only begun
Hilary will leave the presidential debate with her tail between her legs, assuming she even has the galls to show up.
President trump has energy and passion and will make america great again!
This is one scary blog. — Garth
Hey Garth,
Why would Americans, who by your account are killing it economically, want to upset the apple cart and elect Trump?
Things are rocking there, no recession in sight, jobs and iPhones for everyone, a Fed filled with geniuses who will surely guide the USA to more prosperity then they’ve ever known.
Don’t these people know how good they have it? Shouldn’t they want more great job creation with Clinton extending the Obama presidency?
Everyone can see, the recovery is a sham, real people want no more of it and want to go a different direction. Tump or Sanders wouldn’t stand a chance if the US economy was booming in manner you portray, and every reader of this blog, including your diehard fans knows it.
Lots of rumblings that Bernie voters would come over to Trump.
As for the Clintons…where to start…..lots of very unsavoury rumours about Slick Willy, why did he take 26 flights on the ‘Lolita Express’ with convicted Pedophile Jeffery Epstein…..(who Trump also has links to)….will these dodgy emails come back to haunt Billary….or are the Clintons completely above the law….does Epstein have the dirt on them…and a tonne of other power players….?
Tune in next week….or not….
“So the only thing you really need to know about is uncertainty. It’s out there now and every week it stands a good chance of increasing.”
====================================
I believe that the Market is already expecting a Trump victory.
#45 ole Doberman on 05.23.16 at 8:35 pm
Trump has already won this. He took out 17 republicans single handidly even though they all ganged up on him and the movement has only begun
Hilary will leave the presidential debate with her tail between her legs, assuming she even has the galls to show up.
President trump has energy and passion and will make america great again!
This is one scary blog. — Garth
….
Then canuckistan gets oleary in response. Make Canada great again.
A couple of months ago I posted asking if that was a good time to buy some precious metal stocks. You didn’t reply but I went ahead and did so and made almost 90% so far. Last friday I sold a bunch and I know there will be the inevitable correction from here but do you have any suggestions on when to nibble again? Thanks..
Politically left or right, America wants change. I guess that solar panels, wind turbines and bike lanes haven’t been enough to appease the electorate.
If only we had a politician whose battle cry was, “Make Canada great again!”
JT’s continual currying favour with Obama will cost Canadians dearly if Trump is President.
BOOM
Please explain to everyone here that does not understand that who ever wins in the USA STILL has to work with congress and senate to pass laws, bills etc.
Unless someone can pull a Hitler and change all the laws and create a Dictatorship, The prez can’t do much.
Ask Obama how that went over the past 4 years…
Please BOOM. I just don’t have the USA Political knowledge and patience. Thanks.
Just lost 2 houses on the Sunshine Coast to a bidding war. Both went for 10-15% over asking.
Game over.
Smoking man we were counting on you to corner Gartho. Next time.
Trump is just a paid brownshirt actor.
The real elite lineage is the Bush-Clinton cabal holding VP or P since 1980. The current VP is
Joe-who?
Ms. C has dominated newz for 8 years now.
She has the chic and immigrant and trans vote. Trump has disenfranchised angry rednecks.
Disenfranchised they will stay.
Sorry to say, but the current crime family is staying.
They got rid of the competing dynasty…JFK Jr would have swept it. Bye to his pop and brother too.
Leaving only a red nosed soused Teddy bear in Congress.
No rate hike this year.After 2018 maybe two before 2020.We already had a one rate hike since 2009 so we have to take it slow.Trillions of dollars in debt that is why we have low rates.
Apart from the whole boomer vs Millie thing, this blog seems a lot more harmonious since Mark Farquar moved to Washington, D.C. to become a lobbyist.
I am glad I lobbied Washington for this to happen…
M41BC
#23 Lorne on 05.23.16 at 7:26 pm
Bottom line, the only group that Trump has not offended are white, males….don’t think there are enough of them to vote him in!
…….
You don’t know the Herd. Lots of pysco Bernie supporters will vote trump after hilary steals the nomination.
It’s rage against the machine more that bike lanes and wind farms.
Dr Smoking Man
Really?? Is this going on?
https://www.thestar.com/business/2016/05/23/looking-to-buy-property-in-latest-cottage-hot-spots-good-luck.html
In my small part of the USA everybody is sick and tired of the government we have had for the last 16 years. We’re swirling the toilet and something has to change. Hillary is a crooked liar and will continue us on our self destructing path. Bernie is a idiot.
That leaves Trump. We know if he gets half of what he says we will be better off long term and most likely facing a depression in the short term. Since we love our kids and grandkids we mostly feel we should pay our own tab and leave them a future.
Besides, what’s so bad about a depression?
http://mskousen.com/2009/05/brother-can-you-spare-a-decade-2/
BOOM! on 05.23.16 at 7:57 pm
Trump…er,….NOT!
Attention boomers: Nobody other than you has said “not” since 1997. Which is likely when you started. Please please stop.
Toronto Vancouver not the only markets with million dollar housing bubbles
http://www.zerohedge.com/news/2016-05-23/dramatic-time-lapse-animation-showing-americas-absurd-million-dollar-home-bubbles
#46 MARK M.
You are so wrong..the US ECONOMY IS BOOMING…
Just ask WALMARK to confirm it for you.
WISDOM INCOMING:
Hillary is not a tax-and-spend liberal, hopey-changey establishment shill, she’s a demon.
The difference between her and Donald Trump is this:
Where Donald Trump is potentially dangerous,
Hillary Clinton has proven herself so.
end. of. story.
Do I wish there were a more sensible person running for top post of the most influential nation on Earth? Yes, yes I do. Could there be such a beast? No – not in a system which ONLY promotes those with a narcissistic, predatory nature. The system must change and if that means that the system must blow itself sky high then Donald Trump is the more likely candidate for that.
cheers. we’re all going to hell.
:D
#52 COMMON SENSE
That is a TALL order, but here goes…
Federal Legislation in the US is initiated by the house of representatives comprised of members of the 50 states according to their population.
Further, said “bills” must be agreed to by the Senate made up of 2 representatives from each state.
The Senate has some advise & consent privileges not granted to the house, such as appointed cabinet heads, negotiating treaties, and appointing federal judges.
Further, said “agreed bills” must be signed by the President.
If the president does not sign a bill passed by the house and senate (pocket veto) said house, and senate can vote and if passed by 2/3 of the joint membership of congress it becomes law over the president’s veto.
Clarification: the house & senate comprise the “Congress.” This is the legislative body of the US.
The House & Senate do negotiate (and even compromise!!) said bills before they go the President for signature.
All house members are elected every 2 years, senators every 6 years they are staggered so only 1 senator from each state is up for re-election at a time. Presidents are elected every 4 years.
And now you understand why it so dam hard to get meaningful things done! (Hope this helps)
“Trump says he thinks the American economy’s in a bubble that he expects to pop, leading to a recession, likely in 2017.”
Some reality has to be injected into the global economy. Pumping an artificial Keynsian fantasy is destined to collapse big time as opposed to letting failure and success balance one another as it should be. All the Kum By Yah in the world won’t be able to give all 8 bilion people a middle class income as the Liberals seem to think possible. When 100% taxation hits, and it’s very close now, tell me why you voted Liberal again? We’re just going to have to accept that there will always be richer and poorer, that sums up the entire human experience. Trump is for evolution, so am I.
And, and on the ‘wahahahahahahaha what a goofy PM we have’ file, did you see the goofy pic the Trudeau Liberals released of Junior and Sophie landing in Japan, what a rube says the face of the Japanese officials walking behind him as Doofus fails to recognize the Honour Guard.
#52 Common Sense
“Pulling a Hitler” would mean totally ignoring the Constitution of the US which grants legislative powers, and checks & balances on both houses of congress and the president.
Such an action would likely not be tolerated by our “well armed” populace…. it happened before…..see 1776….
“Hey, we got a weed-pushing, tat-embroidered, selfie-loving, deficit-happy, elbow-throwing pugilist. Just to see what would happen.”
He’s better than the sociopath, your buddy Steve. Remember? The guy who F*%#-ed up the economy by putting everything on oil and creating a housing bubble. How’s that energy superpower now?
“rednecks… who think their cousin’s hot.”
Hmm, stereotypes are not welcome on the blog… unless they’re about white people.
Even Garth succumbs to political correctness. lol
Third – but if history’s any guide, Clinton would be way better for investors than Trump. During the most recent 15 years when Republicans have been in office, the Dow went up 42%. But with Dems in office, markets soared 609% – more than fourteen times the advance. Over the last three decades, same pattern – Republicans 166% vs the Democrats’ 1,900%.
B. Obama and B. Clinton have had the only two Democratic administrations since 1985. The historical returns for the DJIA are posted here.
Increases of 609% and 1900% for the Dow do not remotely correspond to these numbers.
Poorly expressed. Had Repubs or Dems remained in office for those extended periods, that is what the trend would have produced. Check the chart. — Garth
Hi, Am assuming the recommendations are for non registered accounts? Same mix for RSP’s and TFSA’s?
Would like a review of this as it relates taxes.
Thanks
Already discussed often. Shelter interest-bearing assets, keep cap gains and most dividend-producers in a non-reg account. Move aggressive (small caps) ETFs to TFSA. — Garth
It boggles my mind that anyone thinks Trump would be a good POTUS. I give him full marks for ambition though. Imagine how self serving he could be from the Oval Office.
leftist comments allowed or not just checking
“The best defence is a balanced portfolio with 40% safe stuff (various bonds and preferred)” GT
When you say “various bonds and preferred” are you referring to Bond ETF’s? Won’t they be affected by rising interest rates? (unless there are a lot of short term bonds in them)?
DELETED
8 years ago BB had to be torn from from Obama’s hands….now totally toast
http://business.financialpost.com/investing/trading-desk/blackberry-ltds-device-business-worth-0-and-should-be-shut-down-to-help-stock-says-analyst?__lsa=cc89-8d8b
Re: #50 mike in kelowna on 05.23.16 at 8:55 pm
Buy the metal itself. Gold stocks have already priced in gold well above 2,000 dollars U.S. an ounce already.
My gawd. Everyone so scared Drumpf will win the American Presidency? Geeeeeeeezus Christ on a cross! Again I say, no way in hell will it ever happen. ELECTORAL COLLEGE AND DELEGATES, folks! Read about it. Learn what it means. Understand how it works. THEN, and only then, may you comment. In the interim, enjoy this video about the very apologetic, dramatic, and weak Trudeau…. https://www.youtube.com/watch?v=geUaExNq9-Y
He says this outrageous stuff like rip up nafta and build a wall…he’s saying these things to suck up all the oxygen in the room, as a reality tv star knows how to do it. Can we remember that the president does not make laws? He’s not a medieval monarch and he’s not a CEO of a small company. He can’t wave a wand to do any of the things he’s promising. Eight years of heavy lifting and a president is remembered for maybe 1 thing (iraq war, obamacare) because he is not a legislator. I don’t think he’ll get in but he probably won’t change your life if he does beyond spiking the VIX and gold.
#50 mike in kelowna on 05.23.16 at 8:55 pm
A couple of months ago I posted asking if that was a good time to buy some precious metal stocks. You didn’t reply but I went ahead and did so and made almost 90% so far. Last friday I sold a bunch and I know there will be the inevitable correction from here but do you have any suggestions on when to nibble again? Thanks..
007
I would take a nibble right now Mike.
I don’t understand why the conspiracy theorists aren’t all over this one:
Trump is working for Clinton.
Or at least working with her.
Bill Clinton appointed Trump’s sister to the US Federal Court as a judge.
Chelsea Clinton and Ivanka Trump were classmates at college. Bill, Hillary and Chelsea attended the younger Trump’s wedding. Trump attended Chelsea’s wedding.
The Clinton team didn’t want to take on Jeb Bush, making it look like two elite families batting the top job back and forth, like duelling royal houses. Trump knocked Jeb Bush out of the race, before he was even a factor.
One of the worst things that can happen to a candidate is to be thought of as a ‘shoo-in’: if voters who support that candidate thing that their candidate will win by a large margin of victory, they won’t bother voting.
Meanwhile, voters motivated for an ‘underdog’ candidate will get to the polls any way they can (that’s why Bernie is still in the race).
Voters are more motivated to vote against a candidate, than to vote for one. This is particularly the more repellent the candidate is perceived to be. Hillary’s no prize, but Trump has the world in an uproar – race baiting, trade wars, protesters and counter-protesters? Ugly rhetoric designed to motivate Hispanics to vote for Hillary. Also, African Americans, a demographic, that still resent much of what Hillary said against Obama eight years ago during that campaign, now all the protesters getting abused on camera at Trump rallies? They’re Black; no Asians, no East Indians, and no other visible minorities.
And let’s talk about those protesters: paid actors, all of them. Amateurs, to be sure. Isn’t it interesting how there’s only one video of each incident, all the ‘actors’ are posed, centred in the frame, and in focus? How many other live videos have those kinds of production values? A tense police take-down? Jittery, and never centred in the frame, which is usually grainy, and jerky.
And then there’s the headlines: all the major newscasts lead with the Trump campaign, nearly nothing about Hillary, her emails, from this latest scandal (or any other), for that matter. I only heard about the FBI’s investigation from someone on this board.
Now there are daily polls, claiming that Trump and Hillary are running neck and neck, stoking the fire in favour of Hillary, while Trump’s supporters snowball into their own mayhem.
Of course, if the coverage favours Hillary, ‘Liberal Media Bias’ provides a cloak of plausible deniability, while putting Trump fans in the role of the victims, rallying on the defensive… and not looking too hard at who is pulling the strings.
Global Warming Will Create Cannibals
https://www.youtube.com/watch?v=DSlB1nW4S54
#63 gut check on 05.23.16 at 10:12 pm
WISDOM INCOMING:
Hillary is not a tax-and-spend liberal, hopey-changey establishment shill, she’s a demon.
The difference between her and Donald Trump is this:
Where Donald Trump is potentially dangerous,
Hillary Clinton has proven herself so.
end. of. story.
Do I wish there were a more sensible person running for top post of the most influential nation on Earth? Yes, yes I do. Could there be such a beast? No – not in a system which ONLY promotes those with a narcissistic, predatory nature. The system must change and if that means that the system must blow itself sky high then Donald Trump is the more likely candidate for that.
cheers. we’re all going to hell.
:D
……
Brilliant post.
Unfortunately human nature like the animal kingdom. The animals always suck up to the most brutal alpha.
We over through one. A new emerges over night.
It’s sad. But the herd has not evolved.
It’s the only reason aliens will not allow the human race past the moon.
Their not ready for the secrets of the universe. Tesla had it. He buried it.
He spoke to the same people I speak too via the UCC.
“#20 Smoking Man on 05.23.16 at 7:18 pm ”
So now you finally admit that you are just a bragidosious, spineless, thin skinned, little pussy. Terrified as a little girl when it’s not the internet. Just like Donald J Drumpf.
Sad little girly man that you are. Desperate little fanboy that will go to any lengths to seek Turner’s attention. God that teacher that molested you really frigged you up.
https://www.youtube.com/watch?v=9udNrOh5DyA
Why Interest Rates Are So Low
#55 Rexx Rock on 05.23.16 at 9:31 pm said:
Trillions of dollars in debt that is why we have low rates.
*************************************
that turns the usual law of supply and demand on its head.
Perhaps Trillions of dollars in savings is why we have low rates?
Boomers have mega savings. (Count the fixed income portion of pension plans that they own as well) In order to get the smaller population of Millennials to sop up all those savings by borrowing it, we need low rates.
Low rates are caused by the large supply of savers and smaller demand for debt? That would accord with the usual laws of supply and demand.
Is anyone forcing savers to accept low deposit rates as opposed to investing their money in equities?
#62 – Common Sense
Yup WalMark, The American and others who parrot Garth but don’t actually think much.
We’ve been hearing about this recovery for six years, and rate hikes for two. We got ONE hike, rates are still more than 5% BELOW their historic norm. We’ve had trillions of QE, the Fed doesn’t even talk about unwinding their balance sheet anymore. We’ve got crummy manufacturing data, an explosion in part-time jobs, at the expense of full-time jobs, and months of hand wringing and consternation about the potential for a second 25 basis point hike.
Still the Blog Dogs led by Garth repeat the American recovery narrative. But yet, none of them, Garth included, can tell me why people who are doing so well financially, would, on both sides of the aisle, support in great numbers the most anti establishment candidates.
Come on cheerleaders, give me a reason a gainfully employed, financially stable, confident about the future electorate would want Trump or Sanders. Or just admit the recovery myth has finally run its course.
Somewhat immigrant free? Really, a temporary ban on a particular religious group that has a certain portion dedicated to the destruction of America, until they get their borders figured out is immigrant free?
Trade war? Being upside down by 500 billion with China is a trade war already and they’re losing.
A 45% tariff is very steep but if those American companies come back and build in the US of A, no tariff. That’s the point!
C’mon Garth, you’re better than that. I get you don’t like the guy but put down the manure spreader.
Why I love Grath so much, not in a fagathornian kind of way, (Alien spices in the book)
OK, I’m back to a pack a day, and JD is going down smooth. Living for ever is so over rated.
He rebelled against a tyrant, Harpo was a Tyrant. He was sucking up to bigger tyrants. The whole alpha shit I was talking about before.
He gets it…. The human race, not a chance. To many clued out god damn teachers mind fking young hard drives.
The mind fking happens in Israel, Iran, Gaza, USA, Canada, and everywhere else.
Get em young, you own em
Secrets of the universe, only a small gifted few will see it’s beauty.
Takes me a few shots to get there. It’s a nice place.
@ #80 Smartalox
Not the first time I’ve read or seen that scenario laid out.
One thing for sure, Trump is way more socially liberal than what you would assume a GOP voter is.
I’m left thinking about why President after President changes, oft times dramatically, soon after election.
I think it is because they are sat down and told how it really works by those who makes sure it continues to work. For them.
Now you can go all tin foil with that thought or you can ponder the implications if that thought is correct.
Change is upon the GOP for sure and I think even the Democrats are undergoing something…neither party will be the same after this year is over I feel.
Remember this middle class thing is a recent construct, it historically has been the aristocrats, kings, etc and then all the peons. The peons would do incredible things for a bit of favour from the ruling class, I wonder if the end, end game is not to hasten the run back to historical norms, a few aristocrats all the rest of us peons.
They kinda are on the way, no?
Sounds similar to a situation very familiar…
http://www.cnbc.com/2016/05/23/australia-housing-bubble-fears-make-investors-nervous-about-big-four-banks.html
Garth, I’m not a fan of the pompous Trump but really, could he be any worse than the last two monkeys the US hired on 8 year contracts?
The Yanks really get what they deserve. And don’t get me started on the Clintons. Those 2 sociopaths are what put Pax Americana (and world turmoil) on steroids.
#80 smartalox, very concise on the field of play for the election.
I give the Trump stalking horse scenario a solid 30% chance. I also give the Donald a 30% chance of failing to inhale oxygen. The leftover 40% is a landslide victory.
Mike in KTown, sell your digs and don’t just nibble on PM (miners or Fizz) take a huge freakin bite over summer “weakness”.
Only 90%? That’s almost Garth chump change…
#31 – Don’t worry, your tinfoil hat will save you.
I predicted on this blog as early as the summer of 2015 that trump would gain the nomination. I’m connected to the class of people (my southern family) who were already coming out for trump. While lefties in Canada and the US immediately dismissed him and mocked all of us who supported him, I was connected to a large group of people who feel relegated and looked down upon, and view trump as a source of restored pride. Every time that the media lied about him, and every time his supporters were slandered with derogatory labels, our support for trump galvanized.
And the media still has not learned. They’re using the same tactics which have produced nothing but failure for their agenda. Canadians are just as bad in this respect. No balance at all in our media up here. Just fear mongering.
#79 Freedom First Impersonator fan club member
This is for Mike. The one and only real Freedom First, me, only shares what he buys and sells. And his Freedom First lifestyle. Which will keep anyone, man or woman, from having their life destroyed by someone else. I avoid all high risk financial insanity. I am an extremely valuable person to myself. I always come first.
The day Harper left office the country was riding a fat surplus, the only country to do that in the world.
“He’s better than the sociopath, your buddy Steve. Remember? The guy who F*%#-ed up the economy by putting everything on oil and creating a housing bubble. How’s that energy superpower now?”
How does having a violent narcissist with the IQ of a butterfly ( as often stated in international media) running the country in a trillion dollar deficit equate to ‘better’ in your mind?
…people who think their cousin’s hot.
Thanks for making me laugh out loud this morning Garth…too funny. And thanks for the Trump Presidency investment advice.
Ciao di Sorrento.
The Republican party of Lincoln and Eisenhower no longer exists. Dark money has enabled extremists to push out the moderate conservatives. Trump is the candidate the Republican Party deserves.
Of course it would be great to have a fresh face on the Democratic side but with Clinton you get competence and stability. In the end the right wing lies won’t be able to fool the majority. Hillary for president!
#83 Observations from Under the Bridge
“#20 Smoking Man on 05.23.16 at 7:18 pm ”
So now you finally admit that you are just a bragidosious, spineless, thin skinned, little pussy. Terrified as a little girl when it’s not the internet. Just like Donald J Drumpf.
Sad little girly man that you are. Desperate little fanboy that will go to any lengths to seek Turner’s attention. God that teacher that molested you really frigged you up.
————————————————————–
An astute observation. Like all emasculated turd pseudo-rebels, Smoking Man sifts through the echo-chamber of the internet to try to validate himself with his ridiculous ideas. His life, ironically, is in the grips of self-proclaimed “educators”, in the illusion that he is not under their control since he has sought them out on the internet of his own free will.
Still seeking the approval of those teachers who abused you, Smoking Idiot?
Such a pathetic delusion.
The truth is that proper education leads one to directly challenge the status quo and those who proclaim it. Failures like Smoking Man never made it, probably due to mental slowness, so they are constantly seeking approval and validation from people like Garth and their own mental defective cohorts/”fans”.
It’s sadly true how utterly schooled, conventional and predictable Smoking Man’s utterances are. Yeah, yeah, conspiracy this, post hoc fallacy that…………………..YAWWWWWNNNNNNNNNNN.
I could program a robot in twenty year old code to come up with the same unoriginal garbage he posts here.
And the robot would sound more original.
One of today’s main problems is, the U.S. and Canada as well as Draghi-land have purveyed and then forced long-term, the “hopey-changey” thing as the grand solution to the world’s economic ills. It’s not working and never will. Ever.
People are sick to death of the near-zero, saver-clobbering “hopey-changey” interest rate policy which continues to rob the responsible and destroy the real economy at its very fabric.
Job one ought to be firing all of these idiotic, butt picking, interest-rate lever blowers.
They’ve all been shoveling clouds since the GFC and are now sitting in the proverbial corner, drooling, as they’re too damned stupid to enact sensible interest rate policy.
No small wonder Trump’s doing so well. The electorate is past the point of puking what with well over a decade of canned-remark, useless policy twirling fools running the show.
The status-quo is not working. I’m not saying that Trump’s the solution, but people are starved for anyone who will attempt something different.
#96 Vergo Tronic,
http://www.cbc.ca/news/multimedia/canada-s-deficits-and-surpluses-1963-to-2015-1.3042571
Where’s your “fat surplus”?
Can’t you trolls find harder ammunition than Rona’s powder puffs?
#101 Herb on 05.24.16 at 7:03 am
Herb, as you have pointed out the fat surplus is gone. Our glorious leader has seen fit to flush it down the john along with an additional $100B of our children’s money. Welcome to the Peoples Republic of Kanadistan.
#102 Mr Frugal,
sorry, but it’s too nice a day to put on chestwaders and wade into your Conservative cesspool.
#99 james on 05.24.16 at 6:57 am
#83 Observations from Under the Bridge
“#20 Smoking Man on 05.23.16 at 7:18 pm ”
So now you finally admit that you are just a bragidosious, spineless, thin skinned, little pussy. Terrified as a little girl when it’s not the internet. Just like Donald J Drumpf.
Sad little girly man that you are. Desperate little fanboy that will go to any lengths to seek Turner’s attention. God that teacher that molested you really frigged you up.
————————————————————–
An astute observation. Like all emasculated turd pseudo-rebels, Smoking Man sifts through the echo-chamber of the internet to try to validate himself with his ridiculous ideas. His life, ironically, is in the grips of self-proclaimed “educators”, in the illusion that he is not under their control since he has sought them out on the internet of his own free will.
Still seeking the approval of those teachers who abused you, Smoking Idiot?
Such a pathetic delusion.
The truth is that proper education leads one to directly challenge the status quo and those who proclaim it. Failures like Smoking Man never made it, probably due to mental slowness, so they are constantly seeking approval and validation from people like Garth and their own mental defective cohorts/”fans”.
It’s sadly true how utterly schooled, conventional and predictable Smoking Man’s utterances are. Yeah, yeah, conspiracy this, post hoc fallacy that…………………..YAWWWWWNNNNNNNNNNN.
I could program a robot in twenty year old code to come up with the same unoriginal garbage he posts here.
And the robot would sound more original.
………………..
Ahhhhhhhh The consequences of celebrity status.
Critics….
Carry on….
Those planning for a President Trump will be sorely disappointed.
America has two things in abundance: women voters and hispanic voters.
There will be no President Trump. You can invest on that. ‘Murika IS stupid enough to elect someone doing their very best Hitler in the fifth grade impression, but ‘Murika is in the vast minority. Don’t be fooled by how many conservatives there are in Canada.
#80 Smartalox
I don’t understand why the conspiracy theorists aren’t all over this one:
Trump is working for Clinton.
Or at least working with her…
———————–
Finally someone gets it.
Good post, we’re all in for quite a ride, most just don’t see how f-ed up things really are
it is becoming more difficult to separate economic topics from the moral/social topics vote wise. they tend to go hand in hand with political parties. want a gov’t that leans left morally and right economically? or vice versa? good luck.
so more and more votes are being based on the moral/social dimension but unfortunately often leads to frightening results economically.
and the spread of the left and right continues. middle ground is nowhere to be found. history has proven extreme versions of either have caused the deaths of many.
Ah modern love… She literally married a stone!!!… you’re safe FF fear no more, one less man hater to hunt you down…… the kavorka of the SM dude was not enough for her either it seems.
https://www.theguardian.com/artanddesign/2016/may/24/tracey-emin-the-stone-i-married-is-beautiful-and-dignified-it-will-never-let-me-down
DELETED
So refreshing today to not have to read the usual about the 416 and the 604 and how “this won’t end well”
Very spirited discussion with hardly any Schadenfreude.
Now, back to our regular programming.
I’ve reconsidered. Neither Hillary nor Trump will likely garner my vote come November.
This is a ‘power grab’ not a position of power in the bully pulpit of president.
I will just have to wait to see what devolves between now and November. Our house of reps and senate is where the seats of power and purse rest in this representative republic.
We need to have a clear view of the selected candidates, their platforms, along with minority positions of the Green Party, and Libertarians, too.
Sausage making, ugly process, tasty results…
Pity the Next Generation That Must Pay The Debt?
#102 Mr. Frugal on 05.24.16 at 8:06 am said:
Herb, as you have pointed out the fat surplus is gone. Our glorious leader has seen fit to flush it down the john along with an additional $100B of our children’s money.
*****************************************
I do not in any way pity the children or next generation regarding Canada’s debt.
The next generation collectively must inherit all the assets along with any debt. The assets vastly exceed the debt.
To complain much about paying the debt is a bit like inheriting a house worth $1 million only to whine about $100k mortgage on the house.
For hundreds of years, each generation has stood on the shoulders of past generations and inherited a vast stock of buildings, roads, infrastructure, and a huge body of scientific knowledge and more.
Collectively for earth there is never any net debt but yes some countries owe money to others and some children will effectively owe money to other children. All children basically inherit a share of government owned assets. Most inherit some assets but some inherit no assets from parents but must still shoulder some government debt. Some inherit a bond which represent debt owed by others.
I think it is fair to say that every child born in Canada today is among the luckiest crops of babies in history. They inherit a pretty good world.
So, no I don’t pity them at all.
I would wait for the brexit vote and probably get in around that time. The summer is a weak time for PM stocks usually, and with the USD going up again, the PM shares should consolidate much lower in the next month or so (or so i hope ;))
————————————————–
#50 mike in kelowna on 05.23.16 at 8:55 pm
A couple of months ago I posted asking if that was a good time to buy some precious metal stocks. You didn’t reply but I went ahead and did so and made almost 90% so far. Last friday I sold a bunch and I know there will be the inevitable correction from here but do you have any suggestions on when to nibble again? Thanks..
pick your poison. doesn’t matter. outcome doesn’t change
https://www.sott.net/article/318896-American-dictatorship-under-cover-of-Western-democracy#
As I posted the other day,CNN reported voter registration is up 35%.
I’m November we will see if they vote against someone,for someone or just cancel each other out.
I’m not expecting much to change no matter who wins.
I have the same thought process about the American recovery as I do about the Vancouver housing bubble.
You get blasted by the media but I always go with what I see and hear with my own eyes and ears.
Like a lot of people on this blog I visit the U.S multiple times a year.So far this year I have visited New Mexico and Virginia,not really traditional tourist hotspots so a good barometer of average America.
The people I encountered were upbeat ,and I did not hear or see as much fear and complaining as I witnessed during the GFC.
The recovery appears regional to me with some states prospering and others suffering,all I can say it seems inevitable that the U.S economy blows up every now and then but I don’t see any euphoria,just a bunch of hard working cautiously optimistic people.
If Trump gets in and goes with his America first policy,I still think all the people on here that dream of working on the U.S will benefit as if it does take off ,due to security concerns Canada will be the first place they come looking for support/workers.
I’m just a blue collar bum,but this is the way I see it…
M41BC
It is worth mentioning that when obama took office, the US debt accumulated from all president before him including George w bush was 10 trillions. Now after 8 years of Obama the debt is approaching 20 trillions.
More debt by one administration than all previous administration combined…
With all that debt, I sure hope the stock market went up
#86, you want to know why the average American will vote for Trump? Because he’s perceived as being a better choice than Clinton.
Why?
Because Clinton lost an American ambassador on her watch and then shrugged that off. If she had quit, then run for President, most Americans might be inclined to vote for her. Add into the mix her kid saying things like, “I worked for a year just see what it was like,” the email server scandal, the charity scandal, plus her speaking fees, and most Americans will not vote for her.
If you don’t want Trump in power, have some mild mannered accountant run for President on an independant ticket. Or in other words, give the voting public an option other than Trump or Clinton.
Nasdaq within 150 points of 5,000 but should exceed the 5,000 level this week. I bought the inverse VIX at the end of April and will buy the inverse VIX at the end of every April until I die.
NVIDIA Corporation hits 45 dollars U.S. a share today. They were the competitor to AMD if the guy I gave the hint to at the start of May figured it out when he was looking for a stock.
Can you say money laundering and RE
http://www.bnn.ca/News/2016/5/24/-Dozens-of-real-estate-firms-not-compliant-with-anti-money-laundering-rules-.aspx
Narcissistic personality disorder is one of several types of personality disorders. Personality disorders are conditions in which people have traits that cause them to feel and behave in socially distressing ways, limiting their ability to function in relationships and other areas of their life, such as work or school.
If you have narcissistic personality disorder, you may come across as conceited, boastful or pretentious. You often monopolize conversations. You may belittle or look down on people you perceive as inferior. You may feel a sense of entitlement — and when you don’t receive special treatment, you may become impatient or angry.
The criteria for narcissistic personality disorder include these features:
• Having an exaggerated sense of self-importance
• Expecting to be recognized as superior even without achievements that warrant it
• Exaggerating your achievements and talents
• Being preoccupied with fantasies about success, power, brilliance, beauty or the perfect mate
• Believing that you are superior and can only be understood by or associate with equally special people
• Requiring constant admiration
• Having a sense of entitlement
• Expecting special favors and unquestioning compliance with your expectations
• Taking advantage of others to get what you want
• Having an inability or unwillingness to recognize the needs and feelings of others
• Being envious of others and believing others envy you
• Behaving in an arrogant or haughty manner
Although some features of narcissistic personality disorder may seem like having confidence, it’s not the same. Narcissistic personality disorder crosses the border of healthy confidence into thinking so highly of yourself that you put yourself on a pedestal and value yourself more than you value others.
And all this time we thought you were just an idiot jerk, now we know!
#101 Herb on 05.24.16 at 7:03 am
#96 Vergo Tronic,
http://www.cbc.ca/news/multimedia/canada-s-deficits-and-surpluses-1963-to-2015-1.3042571
Where’s your “fat surplus”?
Can’t you trolls find harder ammunition than Rona’s powder puffs?
___________________________________________
Well Herb, – that link of yours shows Harper finishing up at +1.9 Billion after 9 years in office.
Last I checked, our new elbow-dropping PM left the gate promising -10 Billion but delivered -30 Billion in a matter of a few months.
Us neandercon trolls see Harper 28.1 Billion in better shape after 9 years than Justin “cage match” Trudeau is after what, 6 months?
I know you are smarter than to think T2 will be leaving Canada in good financial order after 4 years.
From your point of view – Trudeau will be just as bad as Harper before years end. He’s already getting mad as hell at those folks attempting democracy in the HoC.
The uber-left Star had a pretty on-point article regarding the direction Trudeau is headed you might like to read.
Three inches of rain over the long weekend brought everyone to the coffee shop this morning. The main topic of discussion was POLITICS. The best the AB PCs can do with uniting the right is go for a name change. STUPID is an understatement for the AB PCs. People are MAD. The hell with loyalty to any party. The old geezers are done with the political parties and now are INDEPENDENTS.
Many Canadians are sick and tired with the status quo and now are searching for a Trump type of person for Canada. Harpo and all his harporites have forced many Canadians to lose all trust and confidence in the political system. T2 is not any better.
Tax is a Big Destroyer of Wealth and all the current political hacks are most comfortable with MORE Tax.
Here I sit broken hearted tried to short but only started.
Re. T2 elbowgate: Springtime and a yonge man’s thoughts turn to shove?
#108 Life among the Stars
Smart woman. If I was a woman, I wouldn’t marry either. Freedom First. No exception.
Aside, Gord Downie, voice of a generation, diagnosed with cancer.
Courage, it couldn’t come at a worse time…
http://beta.bnn.ca/tragically-hip-frontman-gord-downie-diagnosed-with-terminal-brain-cancer-1.494754
Just having a casual look at the situation:
Canada is being run into insolvency via spending billions on really stupid things by just about all high level governments.
The US may get President Trump.
Almost all of South America wants to incarcerate their leadership, and are in irreversible financial and/or societal decline.
Half of Europe is broke, and now filled with millions of migrants. If the EU keeps going in its current direction, they’ll all be living in caves and eating raw meat again.
All of the first world is shook, and more to come yet. If Trump gets in and starts ripping up trade deals and closing up borders, then most of Asia will be up shit creek as well.
Something tells me all these individual storylines may meld into one in the near future…
Really amazing how crappy things are all over – no sanctuary anywhere you look.
mirror trades
http://www.bloomberg.com/news/articles/2016-04-14/deutsche-bank-found-systemic-failure-behind-russia-cash-flight
Who’s Who
Singapore ordered BSI SA’s unit in the city state to shut down as Swiss authorities began criminal proceedings against the bank. Here’s the state of play.octopus!
see map – How Malaysia’s 1MDB Fund Scandal Reaches Around the World
http://www.straitstimes.com/world/europe/switzerlands-financial-regulators-approve-dissolution-of-scandal-hit-bsi-bank
http://www.business-standard.com/article/international/how-malaysia-s-1mdb-fund-scandal-reaches-around-the-world-116041500041_1.html
==========================
Malaysian embezzlement scandal’
The fund was started in 2009 to bolster Malaysia’s coffers, however it quickly took on a lot of debt.
In early 2015, it missed $11 billion of payments it owed to banks and bondholders.
http://www.swissinfo.ch/eng/-deficiencies-_criminal-case-opened-against-bsi-bank-over-1mdb-fund/42174962
#123 pinstripe on 05.24.16 at 12:28 pm
Three inches of rain over the long weekend brought everyone to the coffee shop this morning. The main topic of discussion was POLITICS.
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Count your blessings.
In Ontario, we’re record smashing world leaders in crapping debt. We’re also blowing resources on issues of intergalactic cosmic importance like gender neutral government forms, and new sex-ed for grade 1. Now we’re told the Liberal knuckleheads are phasing out Natural Gas for home heating, and forcing the use of electricity at .25/KWH (and climbing), and cranking up the cost of gasoline to boot.
Remember, according to our Federal Environment Minister – Climate change is sexist. I guess no expense, or bone headed policy will be spared to save the Canadian females from global warming.
Oil will come back some day to save Alberta, but the heavy industry and manufacturing leaving Ontario is gone for good.
Wynne occasionally makes a quick passing acknowledgement regarding what amounts to a 5 alarm fire exodus of high paying jobs from this province, but by and large; the Liberal policy on Jobs seems to be “don’t talk about it”.
#126 family beagle on 05.24.16 at 1:10 pm
Aside, Gord Downie, voice of a generation, diagnosed with cancer.
Courage, it couldn’t come at a worse time…
http://beta.bnn.ca/tragically-hip-frontman-gord-downie-diagnosed-with-terminal-brain-cancer-1.494754
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Lot’s of good times and memories with his voice in the background. Prayers for his friends and family, but sure does not look good.
Crazy amount of musical talent passing on recently.
7 years back
“hold mail” code names
Malaysia Chronicle – May 12, 2016
An insider at a Swiss bank warned Britain’s financial watchdogs that bankers in its UK office were offering services that could facilitate tax evasion and money laundering. Did the regulators turn a blind eye? The FT investigates the City’s role as a …
http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=615024:dark-money-how-bank-used-by-1mdb-jho-low-secretly-moved-their-billions&Itemid=2#axzz49b3yqwCc
UK tipped off over Swiss bank years before US exposed tax fraud – FT …
http://www.ft.com › UK › Business & Economy
May 11, 2016 – UK regulators received a tip-off that the London unit of a Swiss bank was … seven years before US prosecutors exposed its role in “massive” tax fraud, a Financial Times investigation has found. … By contrast, the US has aggressively pursued Swiss banks that helped Americans hide their wealth offshore.
Debt
#116 Debt on 05.24.16 at 11:50 am said:
It is worth mentioning that when obama took office, the US debt accumulated from all president before him including George w bush was 10 trillions. Now after 8 years of Obama the debt is approaching 20 trillions.
More debt by one administration than all previous administration combined…
With all that debt, I sure hope the stock market went up
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You’d “almost” think that debt and money and economies grow exponentially such that they double every so many years. Yeah, I think you will find the stock market is up a LOT since Obama took office and was sworn in in January 2009. Try about 200% off the March 9, 2009 lows.
Who you gonna believe?
http://www.kitco.com/news/2016-05-24/The-Fed-Will-Only-Raise-Rates-In-December-RBC-Capital-Markets.html
I’m with Garth.
It doesn’t have any affordable housing flats!!
http://www.theguardian.com/society/2016/may/24/revealed-foreign-buyers-own-two-thirds-of-tower-st-george-wharf-london
#121 Smoking Man Defined on 05.24.16 at 12:17 pm
Narcissistic personality disorder is one of several types of personality disorders. Personality disorders are conditions in which people have traits that cause them to feel and behave in socially distressing ways, limiting their ability to function in relationships and other areas of their life, such as work or school.
If you have narcissistic personality disorder, you may come across as conceited, boastful or pretentious. You often monopolize conversations. You may belittle or look down on people you perceive as inferior. You may feel a sense of entitlement — and when you don’t receive special treatment, you may become impatient or angry.
The criteria for narcissistic personality disorder include these features:
• Having an exaggerated sense of self-importance
• Expecting to be recognized as superior even without achievements that warrant it
• Exaggerating your achievements and talents
• Being preoccupied with fantasies about success, power, brilliance, beauty or the perfect mate
• Believing that you are superior and can only be understood by or associate with equally special people
• Requiring constant admiration
• Having a sense of entitlement
• Expecting special favors and unquestioning compliance with your expectations
• Taking advantage of others to get what you want
• Having an inability or unwillingness to recognize the needs and feelings of others
• Being envious of others and believing others envy you
• Behaving in an arrogant or haughty manner
Although some features of narcissistic personality disorder may seem like having confidence, it’s not the same. Narcissistic personality disorder crosses the border of healthy confidence into thinking so highly of yourself that you put yourself on a pedestal and value yourself more than you value others.
And all this time we thought you were just an idiot jerk, now we know!
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Perfect description of SJW and liberals and Toronto Star Journalists.
Hell !!! Wynee and T2 fit that description perfectly.
I’m not alone it seams.
Narcissistic personality disorder is not necessarily a bad thing.
Now I know teachers are mandated to produce widget minds for downstream exploitation but every now and them someone see’s through the mind fkd disorder bestowed on them and says I don’t want to be a widget.
I give you the birth on an entrepreneur. The best ones are hard core Narcissistic
Joking Man, it looks like you are having a tough day at the office, so I will show you this oldie but goodie…
M41BC
https://imgur.com/En28QN7
According to NP today, TO is running out of low rise houses. Run to your realtors for your lives!!! Need any more proof you should buy now or buy never?
I have read “My Electrician Drives a Porsche?: Investing in the Rise of the New Spending Class” and thinking i should invest in an ETF that deals with the need for copper. I found MILN. It is in US$.
Any opinion? I’m considering investing $3500 CN$ at this time.
#41 Keith in Calgary “I hope Trump win the election too.”
Same here. I don’t trust Hillary at all.
Trump may sound a little too “off-the-cuff” to most Canadians, but trust me, he is speaking a lot of thought-about-thoughts that resonate with Americans.
I look forward to seeing Michelle Obama become the second female President in eight years time.
At least more guys will pay attention when she quotes George Bush Snr.
Read….my….lips…
M41BC
#127 IHCTD9 on 05.24.16 at 1:36 pm
Half of Europe is broke, and now filled with millions of migrants. If the EU keeps going in its current direction, they’ll all be living in caves and eating raw meat again.
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Hey Trackie,I just don’t see it shaking out this way ,as a lot of the migrants will open/work in kabab shops and therefore the meat will be fully cooked and delicious…
M41BC
@ #129 IHCTD9
Now we’re told the Liberal knuckleheads are phasing out Natural Gas for home heating, and forcing the use of electricity at .25/KWH (and climbing), and cranking up the cost of gasoline to boot.
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Newly hydro company hast to make profit from somewhere because growth for electricity in ontario wont come from industry hast to be rerouted from somewhere else.
i dont know how ontario measures up canada but we know electric demand growth forecast for canada is ONLY 1% for next 25yrs or so.
efficency
If we compare electric vs gas dryer, wont take us long to figureit out that gas dryer has 50% smaller carbon foot print. and lets not forget a fact that electricity generation is an average is only 30% efficient according to U.S. Environmental Protection (maybe we are but more efficient but we are lot more expencive because we use coal, we use wind mills that spins only when is just right windy. what i would like to see is stats how many hours in a day all wind mills in ontario are producing and at what rate broken down to the TOTAL capable vs ACTUAL per hour, day, month, year… you get an idea
http://www.terrapass.com/conservation-tips/when-gas-wins-over-electric/
http://www.nrcan.gc.ca/energy/electricity-infrastructure/about-electricity/7359
dont use coal, now days its only found in my stocking at Christmas…
“and she’ll be a spend-and-tax, hopey-changey liberal at a time when the economy needs just the opposite”
The Nation needs the most conservative economic policies possible to be successful, just like in Kansas!
http://www.theatlantic.com/politics/archive/2015/04/kansass-failed-experiment/389874/
#137 For those about to flop… on 05.24.16 at 3:38 pm
Joking Man, it looks like you are having a tough day at the office, so I will show you this oldie but goodie…
M41BC
https://imgur.com/En28QN7
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Funny. :)
Now if you insist on going with Joking Man, can you show some respect.
Dr Joking Man.
#44 – freedom first: If there is a line of small dots under your name ,it’s you.
If no line under your name is not you.
Same with smoking man.
Haven’t figured out the line under other commenter’s names though.Some went to websites when clicked.
Others did not.
I just got off the phone with one of my contacts ,and it turns out that the student that was listed as the buyer of the 33Million dollar property was taking a course at UBC.
How to become the worlds first Trillionaire…
M41BC
I guess I deserve to suffer because of my attitude. FIRECraker, you have an interesting moniker – death to the elites, eh? Nothing has been given to me so I tend to spit on the privileged (public servants/Wall Street guys) that have never gone hungry. My father was right – learn to take of yourself.
I have been buying preferred shares recently – they have done well. I saw someone mention Pure Industrial (aar.un) – I have been buying them for whatever that’s worth to know.
So I’m late to the comments section.. but who cares. I have to say this anyway.
@ #99 james
What is wrong with you, dude? When you type those things do you actually feel the pressure in your chest and get all hot behind the eyes? Do you think you sound intelligent in the least? Creative? Original? Clever? Strong? Manly? Righteous? Funny? Bright? Thoughtful? Independent? Free? Charming? Desirable? Heroic?
What you sound like is an envious pre-pubescent twerp filled with impotent rage and a void where his brains should be. I don’t know what motivates you, James, but it’s nothing that will get you anywhere in life.