Seriously

underwear-modified

Just fourteen days to go, and you’d think investors would be running for cover. After all, if Trump wins (and he definitely will, if you believe this pathetic blog’s sordid comment section), markets will be shocked, nationalism will trounce globalism, hard borders will defeat free trade, the elites will be spanked, central bankers squished and Toledo will be great again.

The rogue billionaire will continue the revolution started by Brexit, and embody rightist, patriotic, parochial values now fuelling groundswell democratic movements sweeping Europe. It’s the nightmare of the ruling class. Trade barriers forcing jobs to be repatriated. Walls to keep out cheap, enthusiastic immigrant workers. Higher overhead, inflated labour costs, lower exports and a profit hit. Multinational corps used to diddling the tax system suddenly faced with bringing home their billions, and handing them over.

How can any of that be good for equity markets? So it must be time to avoid chaos and go to cash. The Trumpinator cometh.

Well, that’s what they think back in the steerage section, where the ventilation’s bad and people are forced to eat bugs in retirement. It’s clearly not what most investors believe.

This would explain why gold is boring and unloved lately. Why volatility on stock markets has plunged. Why bonds and currency trading are dozy.

The S&P 500, a proxy for the US economy, is sitting less than 2% below its all-time high. The VIX, the so-called ‘fear index’ which reflects price and volume changes, is practically comatose at just 13. (After Brexit it sat at 29, during the debt ceiling debate in 2011 it hit 43, and in 2009 it spiked to 60. Yawn.) Bond markets are quiet. Currency markets behaved. Nobody seems to be rushing into the traditional safe havens of US Treasuries, greenbacks or bullion.

In fact, just the opposite. There’s been a big surge in the last few months into emerging market ETFs, the biggest in more than a year. Given that these are some of the most unpredictable markets on earth, you’d think they’d be shunned by investors worried Trump will eat the economy or declare a holy war on Muslims.

But, nah, nothing. Crickets. And here’s why…

The election is already won, markets believe. Clinton’s odds of winning were 85.4% on Tuesday afternoon, according to the authoritative site FiveThirtyEight. One month ago her chances were pegged at less than 55% – and then the three debates took place, comingled with the 11-year-old tape revealing Trump likes cats more than dogs and the emergence of almost a dozen alleged gropees. No matter how many people flock to his rallies (28,000 in Florida this week), markets are convinced the guy’s toast. So why get excited, sell off perfectly good financial assets, and hide in cash?

Also taken for granted – that interest rates will start to rise in December. Two more Fed officials said as much in the last few days, all but confirming the American central bank is on track for that increase in the first week of December, followed by two more during 2017. The current odds being given for the coming hike: 72%, which is 10% higher than last week.

In other words, markets do not care about the election. Pfft. Done already. They don’t care about a rate increase. So old. With the American economy inching forward, central bankers firmly in control of global monetary policy, corporate profits acceptable and tech advances like driverless cars about to slash costs and reward investors, why would you not wanna be there? A make-America-Great-Again Armageddon or populist insurrection? Puhleese.

Anyway, that’s where markets are. There’s nothing to worry about. Just like before Brexit.

< <  o > >

Some weeks ago I told you Ontario was seriously mulling a BC-type Chinese Dudes tax for the GTA. And it was, with plans to announce right after the Thanksgiving long weekend.

And then came Bill. Wild Bill. The man itching to put a round into every moister loco enough to buy a bloated house with epic debt. Not only did the guy catch realtors, bankers and brokers by surprise, but also the premier of the largest province, home to the biggest housing market and the world’s fattest real estate board. Within 24 hours it became clear that his changes – a mortgage stress test, serious restrictions on mortgage insurance, a capital gains tax crackdown and a lender deductible on losses – had the potential to kneecap the entire sector. A foreign buyers tax could be the coup de grace.

This week the premier announced there’ll be no tax announcement. On Wednesday CMHC issues a Code Red alert for the entire market. And seven days after that, you will hear about the carnage in Vancouver.

And here you were afraid of Trump. Get a grip.

207 comments ↓

#1 Blobby on 10.25.16 at 6:34 pm

BUT if trump DOES win unexpectedly (just like brexit wasn’t expected), what happens?

Will interest rates still rise? Wil the usd tank? Etc?

#2 prairiegopher on 10.25.16 at 6:35 pm

Has anyone else noticed that the honeymoon for baby Trudeau is over? People are throwing things and booing and he’s only been in a year!

#3 wallflower on 10.25.16 at 6:36 pm

Real estate valuation comment.
We now know the value of a bathroom in C4 (Toronto).
It is $382,000.
This listing shows the 6th bathroom listing and I have the same listing details from earlier this month showing a price of $2,998,000 with one less bathroom on the listing.
https://www.realtor.ca/Residential/Single-Family/17516844/24-ST-GERMAIN-AVE-Toronto-Ontario-M5M1V8-Lawrence-Park-North

No bloody wonder people are living in their houses with no furniture when they are paying that much for just a bathroom!!!! (Furniture definitely ‘stagey’ in this listing — as are most of them in C4. In fact, that is what the market appears to be in C4: a stage.)

#4 espressobob on 10.25.16 at 6:40 pm

Fear lies deep in the heart of its beholders. They act (sell) and contrarians swoop in and grab up those oversold positions (buy).

We embrace fear. Many others don’t. Who suffers?

#5 Mark M. on 10.25.16 at 6:40 pm

“Two more Fed officials said as much in the last few days, all but confirming the American central bank is on track for that increase in the first week of December, followed by two more during 2017.”

Well Garth, we need five rate hikes in December just to make yours and the odds makers earlier predictions correct.

It’s truly embarrassing that after two plus years of this charade you still take the Fed heads at their word.

“The case for a rate hike has strengthened.”
“Politics do not enter into our discussions.”
“Every meeting is a live meeting.”

So why not a hike in November and December? They’re way behind the eight ball here, they wanted four this year, still time for two, right?

No rate hikes coming, get used to it. You’ll be attempting to explain it soon.

#6 Rick Fast on 10.25.16 at 6:42 pm

Garth, you mentioned that the GTA foreign tax was “delayed”, but now it seems to be toast. So we should not expect a tax on the “Chinese dudes” anymore?

#7 Mark on 10.25.16 at 6:44 pm

“Multinational corps used to diddling the tax system suddenly faced with bringing home their billions, and handing them over.”

I see this claim being made a lot on the Internet. That there’s “trillions” in cash owned by US corporations “offshore”, and if only the tax rates were modified, that “money” could come ‘back’ to America and be invested in America.

Most of the claims are false. Completely false.

Here’s why: the funds that have been earned and accumulated by offshore subsidiaries of US corporations can be invested anywhere in the world that those offshore subsidiaries choose. In the case of Apple, the money is primarily invested by Apple, on behalf of its offshore subsidiaries, in instruments such as US treasuries. In other words, the money is already invested in the United States. Only that title to the money rests with the foreign subsidiary for tax purposes, not with the mother firm, Apple Inc.

So ‘repatriation’ really doesn’t accomplish much of anything, other than crystallizing a tax ruse. If anything, by offering the lower tax rate for ‘repatriation’, the government would be re-inforcing and rewarding tax avoiding/tax non-paying behavior. And actually giving up a significant quantum of future revenue for a relatively small chunk of revenue in the present.

So basically the whole argument that prosperity will magically return to America if only ‘repatriation’ were allowed, is, at best, designed to appeal to small-minded simpletons. If a compelling case for investment/re-investment in America existed at the moment, there was absolutely nothing stopping firms with overseas cash from doing so. Therefore it logically follows that there will be no uptick in investment unless something fundamentally changes in the US economy that makes investment attractive. I’m not convinced either of the candidates really have a coherent ‘plan’ for that either.

#8 Goldie on 10.25.16 at 6:44 pm

Many of the important issues which Trump addresses are not going to go away after election, even if president Clinton and her media army try to suppress them.

#9 Onterrible, Land of the Debt Slaves on 10.25.16 at 6:44 pm

Onterrible has done it again. Why I even live in this terrible province, is beyond me. Toronto bites, people are crazy racking up gianormous debts to pretend they are rich, all the while the province with massive debts announces “we’re open for business” to foreign real estate speculators. Tontonians trying to keep up with the influx of foreign cash, ridiculous. . .paying a million dollars plus for a slanty sketchy semi. Crazy. The Torontonians are just pickling themselves in debt, unable to complete with price insensitive buyers. Welcome to the land of the debt enslaved. Why people are not opting out of the housing madness is beyond me.

#10 Cdn Mom on 10.25.16 at 6:44 pm

Good, Wynne and her government screw up everything they touch.

#11 Ex-Cowtown on 10.25.16 at 6:44 pm

It’s not that anyone actually likes Trump. It’s just that they all see Hillary not as a World Class criminal, but as a Universe Class criminal. Everything is for sale with Hillary around. Until she burns it all down anyway.

#12 Johnny D on 10.25.16 at 6:46 pm

And here in Canada we’re screwed no matter what happens. After the BoC cuts rates while the Fed raises them, inflation will fly out of control.

Can always invest in the US and globally, but as long as you live in Canada, you’re cost of living will skyrocket and probably offset any gains made.

#13 Boombust on 10.25.16 at 6:53 pm

You’re right about the carnage in Vancouver. YoY sales are already down 72% for the first 3 weeks of October. Expect much worse to come.

#14 Paul on 10.25.16 at 6:55 pm

Like It Or Not. U.S. President Trump on Nov 9, 2016

#15 WalMark of Sadkatoon on 10.25.16 at 6:55 pm

If trump wins I’ll eat my underwear

#16 Grey Dog on 10.25.16 at 6:55 pm

Garth, do you promise Trump will disappear forever, like Mitt, Sarah, et al?
I recommend Dogs check out today’s PBS Charlie Rose interview with Glenn Beck, a conservative who is very afraid of the rogues gallery Trump hangs out with, including neo nazis, white supremacists, in addition to a dangerous Russian character Alexander Dugan who is leading a very dangerous movement, yeah, Trump is a Russian puppet, complicit in all this. Glenn Beck agrees Trump has no smarts and no depth to his character but it is the Breibart folks that are coaching him. Glenn is definitely NOT voting Hillary, but he is not voting Trump either. He is VERY CONCERNED about the lack of civility in America these days and the future of the Republican Party.

#17 rknusa on 10.25.16 at 6:58 pm

RE; This week the premier announced there’ll be no tax announcement.

they have decided that foreign money will be used to continue this market, the residents of Ontario be damned

#18 Cto on 10.25.16 at 7:04 pm

Garth
Is this true..?
Apparently cissy did an investigation.

https://betterdwelling.com/csis-warns-of-chinese-influence-on-canadian-real-estate-20-years-ago/

#19 Irent on 10.25.16 at 7:06 pm

Carnage in Vancouver!
Will the MSM cover stories same way they covered red hot sky rocketing prices?…let’s see

#20 common sense on 10.25.16 at 7:10 pm

“Central Banks firmly in control of monetary policy..”

No truer words have ever been spoken.

#21 Context on 10.25.16 at 7:17 pm

The first driverless commercial delivery has taken place with a beer run of 45,000 cans of Budweiser from their facility in Lovelace to Colorado Springs for a distance of about 120 miles.

#22 The real Kip on 10.25.16 at 7:19 pm

The US and Canada needs to return to paper ballots hand counted and overseen by scrutineers like we did in the not too distant past. Electronic voting machines are suspect and many are rigged.

http://theeconomiccollapseblog.com/archives/it-is-happening-again-voting-machines-are-switching-votes-from-donald-trump-to-hillary-clinton

You read that site? And believe it? Too funny. — Garth

#23 Smokingmansashtray on 10.25.16 at 7:26 pm

I read that as “hard _bodies_ will defeat free trade, the elites will be spanked, central bankers squished”

The potential for return to mild eroticism with a BDSM slant got me a little excited.

#24 Delusional in Oakville on 10.25.16 at 7:26 pm

People in Oakville make me laugh. They are so convinced that everyone wants to live there. Ridiculous asking prices of a million plus for houses slapped together by mass builders. Why on earth would someone choose a lifetime of debt enslavement for a house that was thrown together in three months?

Have people lost their minds?????????

#25 Suede on 10.25.16 at 7:28 pm

The “consensus” is usually wrong.

Everyone reads the same bloomberg terminal. That’s the first problem.

Clinton supporters are like Vancouver bike lane enthusiasts… Small in number and louder than everyone else.

Trump supporters are high in numbers and in conviction…

Suede still sees a Trump win.

No one can judge you in a voting booth. Michael Moore has it right that people like to vote for chaos.

Long USD eitherway is looking like a solid bet.

#26 lala on 10.25.16 at 7:29 pm

DELETED

#27 WalMark of sadkatoon on 10.25.16 at 7:30 pm

The GTA does not allow regular folks to become landowners unless dire risks are taken. Big debt with a possible side order of insolvency, or no savings or investments served with a broke retirement – choose your poison.

That’s cuz nobody in government cares about skyrocketing real estate prices in Toronto.

#28 Victoria Real Estate Update on 10.25.16 at 7:31 pm

Rising rates in the US will push Canadian 5-year fixed mortgage rates higher (north of 5% within 2 to 3 years). You can add that to the list of negatives for house prices in Canada.

Those saying that certain west coast Canadian housing markets will crash (or experience something resembling one) may be proven correct. To many it seems like a slam-dunk.

History has shown that it’s extremely likely that at least some housing markets within a country will crash after a housing bubble is allowed to inflate.

It was supposed to be different in Ireland, Greece, Spain, Japan, Iceland, the US, etc., but it wasn’t. Canada’s next.

#29 Smoking Man on 10.25.16 at 7:32 pm

Garth shut off your TV news channel.

First off I get totally burned if Trump wins, I have all but committed bay street career suicide on this blog, My fault, I blame no one but me. My only option is work in the USA. If ever feel like working again, NAFTA will sure come in handy with a TN Visa.

But Garth, have you seen the support at Trump rallies, Tim Kane had one today, 30 people should up.

When a CNN anchor says it’s Illegal to look at the WikiLeaks emails, Seriously ? MSM is on an all out witch hunt on the Trumpinator. Holding no amount of bull shit of the table.

Have you gone to the USA lately and spoken to commoners, do you even know a commoner? I do it three to four times a week. Going tomorrow and Saturday. It’s how one earns a very expensive Ph.D. in Herdonomics.

The markets will be fine after the Trump win, hell equities will rock with a 15% corp tax. Bonds might get a bit of heat but that will be short-lived.

Trump can’t do much without congress and he’s just about as popular with those slimes as he is with MSM

Still calling a landslide in favor of Trump if they can get rid of the George Soros voting machines and load up on scrutineers.

Dr. Smoking Man
Ph.D. Herdonomics.

#30 Quebec is Great on 10.25.16 at 7:33 pm

“11-year-old tape revealing Trump likes cats more than dogs”.. heh, that gave me a good chuckle and so eloquently phrased.

#31 Here comes the crash on 10.25.16 at 7:33 pm

The vested interests in Ontario went kicking and screaming to the premier since they know the GTA would have crashed 50-60%. Now we will only see 30–40%. Many are trying to get now before it becomes to obvious. Like a realtor on here said 8% of marginal buyers were taken out of the US market before their crash. In canada the numbers are 20-30% of marginal buyers have been taken out with the new mortgage rules. Yup look out below we are already dropping hard in Vancouver with Toronto to follow.

#32 Bottoms_Up on 10.25.16 at 7:33 pm

This is the blog that predicted Harper would win a majority. Knowing it also predicts Trump brings me peace.

This blog made no such prediction. It conducted a large reader poll, and you made that call. — Garth

#33 the other white meat (pork) on 10.25.16 at 7:37 pm

Looks like CETA is dead. The ignorant peasants of Wallonia, after months of investigations and hearings, weren’t comfortable with ISDS clauses and secret tribunals. Damned underclasses just don’t know what’s good for them. Back to the drawing board to find yet another way to circumvent democracy. Hopefully by then will have a trade minister who is in control of their emotions. Crying when you don’t get your way at the bargaining table is so 2016.

Perhaps the Conservatives will get their act together by the next election and spare us further international embarrassment. I’ve had enough of “”his Nibs” already.

#34 Bottoms_Up on 10.25.16 at 7:37 pm

#2 prairiegopher on 10.25.16 at 6:35 pm
—————————-
Actually Trudeau has a much higher approval rating right now than when he was elected, and the Liberals have held true to most of their election promises.

#35 Chopper Dude on 10.25.16 at 7:39 pm

No election coming. It will be cancelled under a stupidity clause. Barack will stay in power until people get smart again. Next two weeks will be interesting….

HEY??? Is Putin holding up a nuke?????? :O

#36 Karma on 10.25.16 at 7:43 pm

#125 data on 10.25.16 at 1:04 am
“Nobody cares about debt outstanding. You forget that DEBT SERVICING is the LOWEST in the G7. In Canada you can borrow a million bucks for 18k a year. So if you graph debt servicing, it’s been very steady. That’s what matters to Canadians.”

Really? who’s lending unsecured for 1.8% on interest-only balloon loans?

#37 jess on 10.25.16 at 7:49 pm

“Ethical trading ” ?LOST GENERATION

The United Nations Children’s Fund says that more than half of Turkey’s 2.7 million registered Syrian refugees are children. Moreover, nearly 80 percent of them are not in school.
====================
Use Syrian Refugee Kids to Make Clothes

http://www.ecouterre.com/bbc-expose-reveals-child-refugees-making-clothes-for-british-high-street/

Panorama goes undercover to find the sweatshops making clothes for the British high street. Tens of thousands of Syrian refugees and children are working illegally in the Turkish garment industry. They are often paid very little, work in harsh conditions and have no rights.

Reporter Darragh MacIntyre discovers refugees and their children working in the supply chains of some of the best-known brands.

#38 Damifino on 10.25.16 at 7:52 pm

#2 prairiegopher

“Has anyone else noticed that the honeymoon for baby Trudeau is over? People are throwing things and booing and he’s only been in a year”
————————————

Well, how would you react if you were promised a unicorn for your next birthday and got bupkis?

#39 Karma on 10.25.16 at 7:52 pm

#6 Rick Fast on 10.25.16 at 6:42 pm
“Garth, you mentioned that the GTA foreign tax was “delayed”, but now it seems to be toast. So we should not expect a tax on the “Chinese dudes” anymore?”

Unless the PC or NDP propose it before the 2018 election…

#40 The real Kip on 10.25.16 at 7:52 pm

“You read that site? And believe it? Too funny. — Garth”

That’s the problem, it’s not just one source, many people and sources are reporting the same thing. Even the democrats acknowledge that it is indeed happening.

#41 Victor V on 10.25.16 at 7:54 pm

It’s not close: Hillary Clinton the overwhelming favourite to win presidency

https://www.thestar.com/news/world/2016/10/24/its-not-close-hillary-clinton-the-overwhelming-favourite-to-win-presidency.html

#42 Smoking Man on 10.25.16 at 7:55 pm

#34 Bottoms_Up on 10.25.16 at 7:37 pm
#2 prairiegopher on 10.25.16 at 6:35 pm
—————————-
Actually Trudeau has a much higher approval rating right now than when he was elected, and the Liberals have held true to most of their election promises.
…….

You lefties are going to figure out soon enough what T2 is all about, you bitch about stagnant wage growth, yet he wants to bring in 500 k more people a year. Labour wage growth depends on supply and demand, increase supply, there goes the raise. Toss in limited housing and the fact they will all come to the GTA your generation will never be able to buy house or a car. Just the way you have been trained to think that’s a good thing.

The new Carbon-Tax is just that a tax with no guarantees to reduce emissions.

Your generation is primed and hypnotised. All he has to do is talk with teacher conviction, get all the good talking points in. I’m a feminist, bla bla bla. And you will love him.

Millenials are getting older and wiser. Thinking in 4 years from now after our economy is all down the toilet. He will go down as a one-hit wonder.

#43 Deplorable Dude on 10.25.16 at 7:56 pm

It’s Hillary’s Birthday tomorrow.

….rumour has it she will be getting some very nasty birthday presents….

2.5million live Facebook viewers today for a Trump rally…..thats more than CNN :-)

So can someone explain to me the point of the Common Vote if it’s the Electoral College that calls the shots?

#44 crowdedelevatorfartz on 10.25.16 at 7:57 pm

@#21 context
“The first driverless commercial delivery has taken place with a beer run of 45,000 cans of Budweiser from their facility in Lovelace to Colorado Springs for a distance of about 120 miles.”
*******************************************
AWESOME!
Cant wait to be able to use the GPS on my phone to get my car to drive me to the bar and pick my drunken, gin soaked, inebriated ass up later……
“Now if someone could just point me to my car…I’ll be off”

Sell your shares in Yellow Cab.

#45 A Yank in BC on 10.25.16 at 7:57 pm

Okay.. so Donald isn’t going to win. He never had a chance anyway.

It was Henry Kissinger who famously said of the 1980-88 Iran-Iraq war “It’s too bad they can’t both lose”. As an American citizen, that’s exactly how I feel about November 8th.

#46 AJ on 10.25.16 at 8:00 pm

Ugh. My gut tells me that Trump is going to win. Globalization suuuuucked for everyone except the rich. Radical change resonates with all- not just the loons. This is going to be scary.

#47 Debtslavecreator on 10.25.16 at 8:02 pm

A friend just sold her 2 bedroom condo for 31k over a high ask in Erin Mills- crazy !
Don’t worry about Trump -even in the highly unlikely case he wins the vote he will not take office. The Russians will be blamed and the election result nullified and Joe Biden takes over

Ready for the CAD to sink to .60 ? That might be the only thing that keeps nominal house prices from falling more than 10-15% in the next 12-18 months

This government stinks – the corruption and incompetence is stunning and you’ve seen nothing yet

#48 Chickenlittle on 10.25.16 at 8:02 pm

Trump should stick to mattresses, steaks and casinos. While I think he would be the equivalent to Mel Lastman as president, he would at least be entertaining. If I could vote in the US election, I would vote for him based on entertainment value alone.

#49 Karma on 10.25.16 at 8:02 pm

#25 Suede on 10.25.16 at 7:28 pm
“The “consensus” is usually wrong.”

No it’s not. There’s plenty of documentation that shows that taking the average of many forecasts (i.e. consensus) provides the most accurate forecast most of the time. Hence it is done widely and reported.

What you’re focusing on is the equivalent of “man bites dog” article, in which it’s only news when the consensus is not wrong, but never notice the times when “dog bites man” articles, or when the consensus is the most accurate.

#50 The real Kip on 10.25.16 at 8:03 pm

I suppose these stories are “too funny” too? Vote rigging since electronic ballots have been introduced has exploded. We should return to hand counted ballots.

http://truedemocracyparty.net/voting-machines/

The hemp-based True Democracy Party? Even funnier. Don’t get out a lot, do you? — Garth

#51 Olive on 10.25.16 at 8:05 pm

Any link…announcing/confirming that Ms. Wynne is not moving forward with the foreign dude tax ?

#52 crowdedelevatorfartz on 10.25.16 at 8:06 pm

@#11 Ex-Cowtown
“It’s just that they all see Hillary not as a World Class criminal, but as a Universe Class criminal.”
********************************************
Deep.
The range of “new” ideas involved in that intellectually bastardized segway is indescribeably small.
Your Albertan eloquence is only surpassed by your ability to brag about consuming “prairie oysters”around a campfire….ugh.
Unfortunately , due to my uncontrollable flatulence, my doctor doesnt recommend I sit anywhere near an open flame.
Alas, I will not be joining you in the “Oyster Hoe Down” during next years Stampede campfire sing-a-long..

#53 Karma on 10.25.16 at 8:07 pm

#32 Bottoms_Up on 10.25.16 at 7:33 pm
“This is the blog that predicted Harper would win a majority. Knowing it also predicts Trump brings me peace.

This blog made no such prediction. It conducted a large reader poll, and you made that call. — Garth”

Garth, good point. It shows how incorrect the majority of blog dogs were then, and will likely prove that the majority of them are wrong about Trump winning as well.

#54 GreaterFool D. on 10.25.16 at 8:07 pm

http://www.huffingtonpost.ca/2016/10/25/justin-trudeau-greeted-by-heckles-and-jeers-at-youth-labour-forum_n_12636456.html

#55 Md on 10.25.16 at 8:08 pm

Mark m.
No rate hikes coming, get used to it. You’ll be attempting to explain it soon.

This guy makes me laugh..you must be trying to be a crap disturber..or…you’re extremely ignorant…

Yeah..No rate hikes ever again..that makes sense. What world do you live in ? Get your head out of your ass

#56 robert james on 10.25.16 at 8:20 pm

Kind of off topic but a great dog story.. https://www.theweathernetwork.com/news/articles/dog-survives-on-rainwater-after-trapped-in-well-for-27-days/73605/.https://www.facebook.com/groups/598943536959203/600410023479221/?comment_id=601558703364353&notif_t=like&notif_id=1477434377852476

#57 joblo on 10.25.16 at 8:23 pm

Interesting view on what US leaders should do:

#58 joblo on 10.25.16 at 8:25 pm

http://www.ted.com/talks/ian_bremmer_how_the_us_should_use_its_superpower_status?utm_source=newsletter_daily&utm_campaign=daily&utm_medium=email&utm_content=button__2016-10-25

#59 robert james on 10.25.16 at 8:28 pm

Bruno`s recovery page on face book… https://www.facebook.com/groups/598943536959203/600410023479221/?comment_id=601558703364353&notif_t=like&notif_id=1477434377852476

#60 Hawk on 10.25.16 at 8:30 pm

#16 Grey Dog on 10.25.16 at 6:55 pm

LOL- Glen beck criticized the Donald ……and since then it’s been nite nite sweet dreams for Glen Beck’s popularity.

Which is just as well since the poor nut’s cheese slid of his cracker a long long time ago.

#61 Self Directed on 10.25.16 at 8:33 pm

Of course Ontario is not going to enact a Foreign Tax! BC now has the lowest card at the table.

Haven’t you ever played “Chase The Ace”? Ontario says “Stay”, or as these Brits say, Stick!
https://youtu.be/dDB8P5Sv7_w

#62 The real Kip on 10.25.16 at 8:34 pm

How about none other than Barack Obama on election fraud? Is he another crackpot?

http://youtu.be/CgE9Xk751zc

That was pathetic. There is zero evidence of rigged machines. — Garth

#63 Linda on 10.25.16 at 8:35 pm

Here is hoping ‘the Donald’ does get defeated (though he promises to sue if he loses – or was that sue his accusers or was that just sue?)

In other news, the Globe debate as to whether or not Canadian seniors are coddled. One side says senior poverty in Canada is at an all time low & suggests that well off seniors not be allowed to draw any government benefits they didn’t pay for (OAS; medicare). I guess paying taxes doesn’t count.

The other side points out that the current level of seniors not living in poverty is mainly due to 1) many of the current day seniors having had a workplace pension plan & 2) not a few current day seniors having inherited some if not all of their wealth. The point is made that paying for out of pocket health care can quickly deplete what might normally be considered a tidy nest egg & what will happen once that money is gone? Would the formerly well off be allowed to collect public funded benefits or will they first have to be rendered completely destitute before any financial assistance might be made available?

#64 Warren- the lagging indicator on 10.25.16 at 8:38 pm

Some may say that it is actually unfair to now saddle the Canadian banks with shouldering some of the economic risks of an imminent housing crash and associated mortgage defaults while they were lead to believe the taxpayer was on the hook all these years. Sort of like changing the rules of the game after the fact. I say it is ok in my mind because maybe the banks will stop acting only in their own best interest rather than symbiotically with that of the country from which they are afforded their oligopoly. They will fear a price to pay and act more in line with the spirit of the Government policy or agency (In this case CMHC) for the good of society as a whole. Sounds very Socialist I know, but I think it is right…. How about you?

#65 Felix on 10.25.16 at 8:44 pm

#56 robert james on 10.25.16 at 8:20 pm
Kind of off topic but a great dog story..

Cats are intelligent enough to pull off a B&E and steal underwear while the dumb mutt gets himself trapped in a well. Case closed.

#66 jay on 10.25.16 at 8:46 pm

Quebec is the place to buy a house,reasonable price and a surplus in their budget ,how do they do it , while Ontariowe racks up deficit after deficit with sky high house price. prhttp://www.macleans.ca/news/canada/quebec-says-its-on-track-for-2-2-billion-surplus-in-current-fiscal-year/

#67 The Hillary question on 10.25.16 at 8:48 pm

DELETED

#68 Figmund Sreud on 10.25.16 at 8:50 pm

Seriously
______________

Seriously, … as one continues to find himself depressed over the 2016 U.S.’s presidential candidates, … one must remember that it’s just a puppet show, intended to distract one from the silent coup being carried out …

Essay: Anatomy of the Deep State
http://billmoyers.com/2014/02/21/anatomy-of-the-deep-state/

F.S. – Comox, BC.

#69 WalMark of Sadkatoon on 10.25.16 at 8:55 pm

So we should not expect a tax on the “Chinese dudes” anymore?

Wynne was on record from the day BC announced the 15% tax, that she wasn’t convinced it would be a good idea for Ontario. Despite the insanity in Toronto

#70 Freedom First on 10.25.16 at 8:55 pm

Yes. Someone is going to win the election. There will be a new President of the U.S. Fact.

In the past 12 months I have rebalanced twice. No recent movement. I have nerves of steel. I know since forever to stay diversified, balanced, and liquid. At all times. There simply is no better option. Fact.

Control your emotions or your emotions will control you. If Garth is managing your Portfolio, Let go and let Garth. Or you will screw it up. Fact.

007
Freedom First
PHD/Freedomonics

#71 Toronto1 on 10.25.16 at 8:58 pm

Suprised about the no tax thing, liberals are smarter then they let on. Minimal impact regardless, as it was the locals that where chasing prices higher and not HAM. With new changes from wild bill, locals will not be able to chase the top anyway.

HAM is out of canadien real estate, with the hunt for capital gains,T2 possibly signing treaty with China there freaked out to much risk gor little gain

sentiment is slowly starting to shift, will take time but its changing..

#72 Mar"k on 10.25.16 at 8:58 pm

“Rising rates in the US will push Canadian 5-year fixed mortgage rates higher (north of 5% within 2 to 3 years).”

Canadian rates are set in Canada, by Canadians. As most CAD$ debt is held by Canadians and not even traded internationally. They are based on the condition of the Canadian economy, not the US economy. The Canadian economy, due to collapsing RE prices, will spend years skirting with, if not in full fledged consumer price deflation as the currency, not goods, are in significant demand for debt repayment.

5% is only plausible as a retail mortgage rate if the banks increase the risk premia applicable to mortgage loans that significantly. But such wide risk premia is basically unprecedented.

The 5-year and 10-year GoC bonds are trading at slightly over 1% at the moment. The market places absolutely no credence to any suggestion that CAD$ funding rates are going to skyrocket any time soon. If anything, the BoC will be fighting valiantly to keep Canada out of recession with 25% of the nations GDP set to significantly shrink as the housing sector continues its deceleration.

2-3 years out, my guess is that highly creditworthy borrowers will be able to borrow for even less than they can today against all sorts of asset classes. Its the uncreditworthy who will suffer significantly rising risk premia, and in some cases and in some lines of business, credit will be practically unavailable.

#73 Ron on 10.25.16 at 8:59 pm

Liberal solution is to come up with ways to help people with no money and low incomes buy $800,000 houses…… I suppose Ontario’s path towards financial ruin didn’t happen by mistake…. It took great skill….

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

Ontario will not follow B.C.’s tax on foreign homebuyers, Premier Wynne says

Ontario Premier Kathleen Wynne, The Canadian Press

Ontario Premier Kathleen Wynne said on Monday that the province will not follow British Columbia’s move to introduce a tax on foreign homebuyers.

“We’re not going to go down the road that British Columbia has gone down,” Wynne said at a press conference.

“I’m not interested in doing something that would have an unintended consequence in Ontario – something that was designed for a totally different market.”

Wynne added Ontario will present some housing proposals in the “not too distant future,” but said they will primarily aim to help first-time buyers afford homes.

#74 Self Directed on 10.25.16 at 9:03 pm

This should be a popular SUBJECT TO PURCHASE in Ontario for the next 18-24 months: Offer is void if Foreign buyers tax is enacted before closing date.

#75 Femdom Fist on 10.25.16 at 9:05 pm

@Smokingmansashtray

Hi there ;-)

#76 Ronaldo on 10.25.16 at 9:06 pm

#41 Victor V on 10.25.16 at 7:54 pm

It’s not close: Hillary Clinton the overwhelming favourite to win presidency
——————————————————-

Way too funny.

#77 Metaxa on 10.25.16 at 9:07 pm

2.5million live Facebook viewers today for a Trump rally…..thats more than CNN :-)
I drove past a auto/pedestrian accident this morning, plenty of folks were gawking on the sidelines there too…

So can someone explain to me the point of the Common Vote if it’s the Electoral College that calls the shots?
The US is a republic, not a parliamentary democracy. Their rules as set forth by the Founders…

#78 Basement_Dweller on 10.25.16 at 9:10 pm

I suggest you introduce voting for the blog comments.
Comments with most positive votes, get a response from Garth and become a topic of discussion on the next blog.

#79 Karma on 10.25.16 at 9:10 pm

#2 prairiegopher
“Has anyone else noticed that the honeymoon for baby Trudeau is over? People are throwing things and booing and he’s only been in a year”

Students don’t have high credibility for being rational, unemotional actors. For an example of level-headed non-judgmental protest, just look at what happened at UC Berkeley recently:
http://heatst.com/culture-wars/left-wing-berkeley-protesters-demand-spaces-of-color-harass-white-students-trying-to-pass/

So when a student protests about some perceived wrong, I care more about the streakmarks on my towel bowl than I do about their opinions.

#80 WalMark of Sadkatoon on 10.25.16 at 9:11 pm

Ready for the CAD to sink to .60 ?

I’m pretty pessimistic about the CAD$ but 0.60 is crazy talk!

#81 WalMark of Sadkatoon on 10.25.16 at 9:11 pm

Any link…announcing/confirming that Ms. Wynne is not moving forward with the foreign dude tax ?

Was posted yesterday:
http://www.bnn.ca/ontario-will-not-follow-b-c-s-tax-on-foreign-homebuyers-premier-wynne-says-1.591238

#82 Mark M. on 10.25.16 at 9:14 pm

#55 – MD -“No rate hikes ever again..that makes sense.”

I didn’t say that. Rate hikes will come when the bond market forces it. Until then, the Fed will keep stimulating, it’s all they know.

Seriously, how many times do you fools have to be teased with a rate hike only to have the Fed punt on D-Day before you get it?

They’re all talk and shifting goal posts. Nothing more.

Garth and the “experts” had SIX hikes predicted by this point, what happened?

#83 WUL on 10.25.16 at 9:15 pm

#52 crowded…

Can I get some clarification? Did you intend “hoedown” or “hoe down”? Both occur often during Stampede week in Calgary but only one features square dancing. Thx.

#84 Karma on 10.25.16 at 9:17 pm

#1 Blobby on 10.25.16 at 6:34 pm
“BUT if trump DOES win unexpectedly (just like brexit wasn’t expected), what happens?”

A little history lesson:
http://www.bbc.com/news/uk-politics-eu-referendum-36271589

Click “Last 6 Months” for the chart.

“16 June 2016: Leave trend continues

Two more polls published today confirm the trend of a significant shift to leave.
And they’re particularly striking because they’re both telephone polls conducted by companies who have previously had remain ahead – sometimes with substantial leads.
Ipsos MORI now give leave a 6 point lead. Survation have them 3 points ahead.
Two further polls – one internet, one telephone – are expected overnight tonight.”

“14 June 2016: TNS and ComRes continue pattern

New polls were published on Tuesday from TNS and ComRes. Both followed the pattern we’ve seen in other recent poll of a marked shift to Leave.
In TNS’s online poll that gave Leave a 7 point lead. For ComRes, who conduct fieldwork by phone, Remain were in the lead, but only by 1 point compared with 11 points last month.
So the long-established gap between phone and internet polls still seems to be in place – with the exception of ICM – but for both methods the centre of gravity has shifted to Leave.”

“14 June 2016: Clear shift to leave

After weeks of uncertainty about whether the polls were moving one way or another there now seems to be a clear picture: there has been a shift to leave.
Four polls were published yesterday evening: two by ICM for the Guardian, one by YouGov for the Times, and one by ORB for the Daily Telegraph.
All of the pollsters are showing leave in a stronger position than they were a fortnight ago. And both of ICM’s polls – phone and internet – now have leave ahead by 5 points. In the YouGov poll the lead is 7 points.
The ORB figures in the referendum tracker are their ‘turnout weighted’ ones. They show remain ahead but by a narrower margin than they have found in recent phone polls.”

#85 The Hillary question on 10.25.16 at 9:23 pm

#67 The Hillary question on 10.25.16 at 8:48 pm
DELETED

Wow, Garth.

You really deny that Hillary Clinton has been treated differently by the law than any other US citizen?

#86 Context on 10.25.16 at 9:27 pm

#35 Chopper Dude: Yes he is holding up a nuke and its the new improved Satan 2 supersonic with 18 warheads holding 40 megatons each. It flies so fast that the so-called defence shield becomes a dream like the F35. It reaches space mode and each warhead goes to targets that dance on the way. Let us never forget the Russian super sub that sat in the Gulf of Mexico a few years ago and American technology never saw it.

#87 Angela on 10.25.16 at 9:31 pm

Gropees. Best malapropism ever! Ha Ha Ha

#88 WalMark of Sadkatoon on 10.25.16 at 9:32 pm

After this election, Trump is gonna make another fortune writing books and giving speeches about this experience

#89 Bad Hombre & Nasty Woman on 10.25.16 at 9:36 pm

http://www.msn.com/en-ca/news/video/toddler-trump-trashes-the-oval-office/vi-AAjkbj2?ocid=spartandhp

#90 IHCTD9 on 10.25.16 at 9:37 pm

#34 Bottoms_Up on 10.25.16 at 7:37 pm

Actually Trudeau has a much higher approval rating right now than when he was elected, and the Liberals have held true to most of their election promises.
———

Indeed, the goofballs that voted him in wanted empowerment of the public sector, massive spending, massive deficits, legalalized drugs, selfies, and tons of new debt – and Trudeau is delivering in spades.

In light of the damage done so far, I’m surprised Canadians don’t love him even more than they do.

Harper left us with a 941 million deficit – clearly not good enough for many dingbat progressives in Canada. T2 has that Harper number covered by about 33 Billion. Once the Trudeau regime is finished torpedoing the last area of growth in Canada, and we break even more records for consumer debt, I intend to visit the CBC to watch his popularity skyrocket even higher! :)

#91 Karma on 10.25.16 at 9:38 pm

#46 AJ on 10.25.16 at 8:00 pm
“Ugh. My gut tells me that Trump is going to win. Globalization suuuuucked for everyone except the rich. Radical change resonates with all- not just the loons. This is going to be scary.”

Oh really? It sucked for everyone? Seems to be great for most people who don’t work in manufacturing, which was never even that high at its peak. Perhaps you don’t like luxuries such as the smart phone, or flat screen tvs, or Japanese or German cars. Or cheaper steel than we can produce in Canada, or pretty much everything we import because Canadians demand too high of wages in which makes it uneconomical for other Canadians to buy their goods. It’s well documented that MANUFACTURING is not a high value-add sector for the economy. We can make anything in Canada, if we want to, but the wages will be exceptionally low relative to what people think they would get paid.

Don’t blame globalization for unrealistic expectations of Canadians/Americans for wages. If you did want to be more autarky-like in our approach to economic growth, we’ll be going back to the relative stone age when it comes to technology. https://en.wikipedia.org/wiki/Autarky

FYI, manufacturing as a % of total employment peaked in 1976 and 1979 at 19.1%. As of 2015, it’s 9.5% of total employment. Back then, it employed 1.86M and 2.035M in those years, respectively. As of 2015, Canada still employed 1.71M, so a drop of 15.8% in absolute employment from 1979 and 8.0% since 1976. So the effect of “globalization” has not decimated Canadian manufacturing as much as you believe. And if you care about manufacturing so much, go try to buy stuff made only in Canada. Perhaps you should buy a Dodge Caravan as your next car to keep Windsorians employed. Or pick another of various Canada-made automobiles:
https://www.ic.gc.ca/eic/site/auto-auto.nsf/eng/am02365.html
http://www5.statcan.gc.ca/cansim/a47#downloadTab

#92 conan on 10.25.16 at 9:53 pm

I like cats more then dogs. I voted Liberal. I also like the Sens. Just kill me now.

#93 rknusa on 10.25.16 at 9:56 pm

#29 Smoking Man on 10.25.16 at 7:32 pm

I would love to know what profession you are in that is on the list in NAFTA which allows you to get a TN Visa

you do not seem to be a person with a formal education that a TN Visa requires, and street education does not count

#94 Smoking Man on 10.25.16 at 9:56 pm

Jesus, my wife just called me a raving lunatic and demanded I take her out of the book after she read it to the end.

I said it’s just a hobby I’ll never publish it. But you all know I will.

Sherly Valentine

Are you ok as a plan B.. I might not live up to your expectations in the sack, but hell.

The thought of being alone is scary.

But the book is my destiny… I’m publishing this weekend.

Let shit hit the fan….. It’s how I roll.

#95 OttawaMike on 10.25.16 at 10:02 pm

I am going to short the market in a VIX ETF like I did before Brexit.
That was a nice 30% in one day.

If the VIX stays around 12 like it is now, a HRC win won’t cause it to drop much.

#96 Sydneysider on 10.25.16 at 10:04 pm

A sure-thing bet on Hillary Clinton would yield a return of 16% in a single day. If markets were really convinced of a Clinton win the odds would be lower than that. Write-ins may take a bite out of Clinton’s vote.

#97 Paul on 10.25.16 at 10:11 pm

@- #34 Bottoms_Up
“Actually Trudeau has a much higher approval rating right now than when he was elected, and the Liberals have held true to most of their election promises.”

Whatever You are smoking, I want some!

#98 Tony on 10.25.16 at 10:12 pm

Re: #1 Blobby on 10.25.16 at 6:34 pm

The bankers will all go into exile like the perpetrators of the Holocaust all went into exile after the second World War. Life sentences will be the order of the day when the bankers are brought to justice. That’s what will happen if Trump wins.

#99 Blacksheep on 10.25.16 at 10:22 pm

“And believe it? Too funny. — Garth”
———————————
A life long girlfriend of my wife’s, now located in Georgia, had this happen yesterday, flipping from republican to democrat, right in front her eyes.

Today at work, an employee showed a video taken inside a voting both by an American friend via cell (unsure of the state) that showed a E-voting machine flipping, from Republican to democrat, repeatedly, even when a finger was clearly, slowly, placed on the Republic button.

#100 NoName on 10.25.16 at 10:28 pm

Interesting article to read.
Usually I stay away from guardian but every once in a while there is a good read.

Neoliberalism is creating loneliness. That’s what’s wrenching society apart

https://www.theguardian.com/commentisfree/2016/oct/12/neoliberalism-creating-loneliness-wrenching-society-apart

#101 David McDonald on 10.25.16 at 10:33 pm

So you say the rate hike is already priced in. I thought there would be a small panic like last year and therein a buying opportunity. I am long US cash but maybe I should be in US equities. Thanks for your insight.

#102 Tony on 10.25.16 at 10:33 pm

#51 Olive on 10.25.16 at 8:05 pm

http://www.bnn.ca/ontario-will-not-follow-b-c-s-tax-on-foreign-homebuyers-premier-wynne-says-1.591238

#103 MikeS on 10.25.16 at 10:36 pm

So wait, if prices keep climbing in Toronto but not Vancouver, does that mean that foreign buyers actually matter??

#104 Polls R Phake on 10.25.16 at 10:40 pm

#34 Bottoms_Up on 10.25.16 at 7:37 pm
#2 prairiegopher on 10.25.16 at 6:35 pm
—————————-
Actually Trudeau has a much higher approval rating right now than when he was elected, and the Liberals have held true to most of their election promises.
_____________________

You are forgetting that Polls R Phake

#105 Grooby on 10.25.16 at 10:54 pm

I swear my IQ drops each time I read a Smoking Man rant. A Dunning-Krueger poster boy.

But you heard it here. The prescient, all-knowing, superlative Smoking Man is calling Trump to win. This puts your credibility as a prognosticator on the line.

Unless, of course, when he loses badly and takes the coward’s route and insists it was rigged.

#106 Smoking Man on 10.25.16 at 10:55 pm

DELETED

#107 Mark on 10.25.16 at 10:55 pm

“Sort of like changing the rules of the game after the fact. “

Have we received any clarification from anybody that the ‘changes’ would apply to mortgages already under CMHC subprime mortgage insurance? Because, from what I’ve read so far, the changes would just apply to new issuance.

Seems to me that if the CMHC/GoC tried to retroactively apply these new terms to existing insured CMHC subprime mortgages, that such would represent a de facto sovereign default. Something I’m sure even the government could appreciate the consequences of in terms of investor confidence. And most certainly dramatically accelerating claims against the CMHC and driving up the cost of capital to the Canadian banking system dramatically.

#108 Mark on 10.25.16 at 10:57 pm

“you do not seem to be a person with a formal education that a TN Visa requires, and street education does not count”

An ex girlfriend of mine didn’t even have a high school degree, and somehow a magic immigration lawyer, with a bit of finesse, got her a TN-1.

So it doesn’t seem to be a strict requirement. Although she was sweating bullets when she went for hers, while ones for engineering with a legitimate engineering degree (for instance) basically leave the examining officer very little discretion to reject.

#109 Mark on 10.25.16 at 11:02 pm

“Harper left us with a 941 million deficit – clearly not good enough for many dingbat progressives in Canada. T2 has that Harper number covered by about 33 Billion. “

As I posted yesterday in response to WalMark, Trudeau added $22B of new debt YoY. The average, not even inflation adjusted, over the life of the Harper administration was $26B/year. Adjust that for inflation, and Trudeau’s actual record of deficits is dramatically better than the Harper average.

Harper ran a deficit of approximately $21B from January to November, 2015. Not $900M or some nonsense like that.

Figures are on the Bank of Canada website. Might not like some of Trudeau’s policies, but in this case, I don’t like seeing lies spread about him either.

http://www.bankofcanada.ca/markets/government-securities-auctions/goc-t-bills-and-bonds-outstanding/

#110 DON on 10.25.16 at 11:02 pm

#14 Paul on 10.25.16 at 6:55 pm

Like It Or Not. U.S. President Trump on Nov 9, 2016

#15 WalMark of Sadkatoon on 10.25.16 at 6:55 pm

If trump wins I’ll eat my underwear
********************

Political shifts have been occurring lately, Alberta Provincial elections, Br-exit, Trudeau to list a few. We could be on the cusp of political change. The millennials are demanding their own changes, just like the boomers did. We could be experiencing some of that change right now. That’s the x-factor Trump holds. He is seen as anti-establishment (wall street) and anti-MSM. He speaks his mind for better or worse but still he does it and people love it, even if they hate him.

Wikileaks validated what’s happens behind the scenes in the bastion of democracy. This are changing on the International scene as well (or at least appear to be).

At this point I believe anything can happen, Trump being elected out of spite, wouldn’t surprise me.

The US should vote for Jill Stein. The only sensible move at this point anything else – YIKES to infinity. Gotta wonder is they care the rest of the world is watching with jaws wide open.

#111 Doug t on 10.25.16 at 11:08 pm

This has become beyond ridiculous – this shit show will only get worse come January no matter who wins. The U.S. Is in a state of decline and it is so bloody obvious from everything that has happened especially since 2008 – canada? Well we just are pretty useless in doing anything to take this country in the right direction except bow down to other countries. Get ready everyone we are in for YEARS of hurt

RATM

#112 Bad Hombre & Nasty Woman on 10.25.16 at 11:11 pm

“Here is hoping ‘the Donald’ does get defeated (though he promises to sue if he loses – or was that sue his accusers or was that just sue?)”

Actually he plans to sue a Boy Named Sue. Disgusting Donald groped him, with those tiny hands, and didn’t find what he was expecting. Ergo he must sue.

#113 Smoking Man on 10.25.16 at 11:14 pm

Dedicated this to Hillary, French revolution shit.

https://youtu.be/2Xnd4hVDhwA

#114 };-) aka Devil's Advocate on 10.25.16 at 11:15 pm

I’m not sensing any concern, what-so-ever, from buyers in this real estate market.

For their to be a negating SHIFT there has to be a lack of buyers and that doesn’t appear to be the case.

I’m surprised as you might be but I’m not going to deny what I know to be true.

Interesting times. Consumer sentiment moves the market. Where are their heads at?

#115 };-) aka Devil's Advocate on 10.25.16 at 11:16 pm

“there” not “their”.

#116 Snowboid on 10.25.16 at 11:23 pm

#29 Smoking Man on 10.25.16 at 7:32 pm…

Funny thing about the ‘common’ folk in our traditionally Republican neighbourhood — the large majority are voting for Hillary.

It’s not that they particularly like her, but the other choices are off the table – having proven they are certifiably insane or border-line nut-jobs.

In fact, they confide in us that they are embarrassed that their electoral system has sunk so low.

BTW, the chances are good that Arizona will go Democrat, even though the original voter registrations here were rigged – in favour of the Republicans.

The state is also voting to legalize mary-jane, wow – a red state goes blue and the haze over the Valley of the Sun suddenly smells wonderful!

Having a rough time down here though, it’s been 21 straight days over 32C – beer budget is over-extended!

#117 Rookie57 on 10.25.16 at 11:44 pm

For you boomers out there, does anyone remember Foghorn Leghorn from Merry Melodies? Trump reminds me of him a bit when I hear him talk. Didn’t the little chicken hawk call him a “Loud mouth Schnook”? Is there any other cartoon characters out there that remind one of either Trump or Clinton? Just curious and for fun.

#118 Smoking Man on 10.25.16 at 11:47 pm

When you find love

https://youtu.be/x7bIbVlIqEc

You can be insane. I don’t matter.

So. G is dedicated to my mental wife.

#119 MF on 10.25.16 at 11:53 pm

#34 Bottoms_Up on 10.25.16 at 7:37 pm
#2 prairiegopher on 10.25.16 at 6:35 pm
—————————-
Actually Trudeau has a much higher approval rating right now than when he was elected, and the Liberals have held true to most of their election promises.

-About as bad a comment as the guy who said that Russian military technology is superior to the US’s a few days ago.

MF

#120 MF on 10.25.16 at 11:59 pm

#108 DON on 10.25.16 at 11:02 pm

Absolutely. Politics is like a pendulum. After years of watching liberal progressivism get more militant and dangerous, people are naturally starting to push back. That’s Trumpism, and it is going to get stronger not weaker.

Jill Stein’s ideas I think are absolute garbage from top to bottom though.

MF

#121 traderJim on 10.26.16 at 12:05 am

#79 Karma

Another example of the liberal elitist bully mindset. Compares students’ opinions to ‘skidmarks’.

Trump supporters are assembly line workers that have lost their jobs, people that are struggling, and the ‘liberals’ make fun of them and denigrate them for being ‘uneducated’.

Personally, between a high school eductaed person who just wants to earn an honest living doing manual labour and an elitist who never earned an honest dollar in their life, I know whose side I am on.

Hillary and Bill entered the White House with nothing, as she loves to remind people.

Now they are worth $250 million, that we know of.

Having seen Hillary speak on TV, I find it hard to believe she was paid all those millions for her oratorial skills.

But liberals can continue to delude themselves that she is anything but a corrupt, conniving sellout.

Can hardly wait to see the orgy of gloating elitist bullies on election night, laughing and snorting at the little people who were voting for change, any change that might give them a chance at the life they used to have.

Moral high ground indeed.

#122 Bobby on 10.26.16 at 12:16 am

For #34 Bottoms up,

Too funny! You should put down the Liberal monthly and get out more.

#123 A. DePlorable on 10.26.16 at 12:19 am

There’s something happening in the backwaters of America that is eerie. The media won’t report it, but I have the sense that Trump just might win this insurgent campaign. There are a LOT of people out here in the wasteland who are FED UP, not just with the Democrats but with the Republican establishment as well. Trump may be their way of calling for a pox on ALL their houses. These are not people with plump 401k’s and bulging investment portfolios. Trump tapped into something whether the big shots want to admit it or not. TV and cybermedia are just echo chambers and, from what I see, significant numbers of people are just ignoring them. We’ll see if the numbers are enough to put the Donald in the White House——-which, if he get’s the opportunity , he probably will redo with gold paint.

#124 BS on 10.26.16 at 12:29 am

I wonder how the coming interest rate hike will go over with the US housing market? Looks like another sub- prime bubble being blown. I am sure Hillary will get right on preventing this one from inflating any further.

Housing Bust 2? Subprime No-Down-Payment Mortgages Surge, “Shadow Banks” Dominate

http://wolfstreet.com/2016/10/25/government-guaranteed-subprime-mortgages-low-or-no-down-payments-surge-shadow-banks-dominate/

#125 Lefty on 10.26.16 at 12:42 am

Received notice today that interest rate on purchases,etc. for my BMO MasterCard will be increasing Dec.1 from 10.9% to 13.9%. The banks are starting to go for the throat. Mortgages next one would think.

#126 Marcus on 10.26.16 at 12:53 am

20,000 people at a Trump rally in Florida. They turned away 30,000. This is a Reagan landslide in the making. Even more than that. If you are a religious person Trump = Cyrus.

#127 DON on 10.26.16 at 1:58 am

#120 MF on 10.25.16 at 11:59 pm

#108 DON on 10.25.16 at 11:02 pm

Absolutely. Politics is like a pendulum. After years of watching liberal progressivism get more militant and dangerous, people are naturally starting to push back. That’s Trumpism, and it is going to get stronger not weaker.

Jill Stein’s ideas I think are absolute garbage from top to bottom though.

MF
*************

Not aware of any of Stein’s policies. Just a better choice at this point. She appears to be sane.

#128 Watch your Baby Monitor on Nov. 8th & Cat Thief Explained on 10.26.16 at 3:00 am

Recall recent Republican DDoS attacks using the Internet of Things (anything with Wi-Fi/Bluetooth that connects to your Router such as the ubiquitous Lefty favorites: Prius, Tesla, Baby Monitor, weight scale, stove, lava lamp, refrigerator etc.).

Lefties, watch your Wi-Fi Baby Monitor closely on November 8th.

Goo goo ga ga is baby talk code for your Baby Monitor to go vote on any US electronic voting station for Trump. And of course, you will receive a text informing you of this.

Canadian Lefties with a VPN beware as well. Your Stanley Park jogging wristwatch may well log onto a US server and do the same as the Baby Monitor, and later text you about this.

Your stove will be busy posting on Twitter about how the polls were so wrong about a Trump defeat.

Your lava lamp will instead post on CNN and CNBC [and Prius].

I can dream can’t I?
______________________________________________

Garth, cat thief explained:

Sure Sarah, blame the cat.
______________________________________________

Great blog Garth today.

#105 Grooby…that was TOO FUNNY: “I swear my IQ drops each time I read a Smoking Man rant. A Dunning-Krueger poster boy.”

bsant

#129 Jimmy on 10.26.16 at 4:59 am

Get the best indepth news on Vancouver real estate…

https://youtu.be/qrGRtBrZzjs

What u think?

#130 Trumppppet on 10.26.16 at 7:21 am

The right is gaining ground all around the world because we can now see our current system is just a pyramid scheme.

My company for example had roughly $250 million in profits last year. This is distributed amongst 3400 employees. The top 25 executives pocketed half!!! We were left with the distribution of the crumbs.

#131 Victor V on 10.26.16 at 7:52 am

Vancouver area’s empty-home rates have almost doubled since 2001

http://www.theglobeandmail.com/news/british-columbia/vancouvers-empty-home-rates-have-almost-doubled-since-2001/article32530286

“Seeing data that demonstrates there may be even more underutilized homes than BC Hydro suggests gives us more reason to aggressively move on the empty homes tax,” Mr. Robertson told The Globe and Mail Tuesday.

“We certainly hear, anecdotally, concerns about empty homes in various neighbourhoods, and now the body of evidence is building, so that helps.”

The B.C. government passed legislation in the summer allowing Vancouver to impose a tax on empty homes, which the city argues are taking up housing that could be rented out.

The province has said it will consider similar requests from other cities.

#132 Wrk.dover on 10.26.16 at 7:58 am

On my other favourite site, Ponzi World, about a month ago the writer pointed out that if it wasn’t for the FANG stocks, Facebook, Amazon, Netflix and Google that the S&P would be down on the year.

I could be wrong and deplorable for believing that.

#133 Felix on 10.26.16 at 8:00 am

Surprise, surprise. What do we fnd in today’s post, but more anti-feline RACISM!!!

(And cats do not like Trump, make no mistake. Especially after he skinned one of us and wrapped it around his head.)

#134 crowdedelevatorfartz on 10.26.16 at 8:21 am

@#53 WUL
lol.
Well I’m pretty sure the “prairie oyster” eating competition wont involve square dancing….Urrp!
Mind you the other alternative is just as unappetizing.

#135 crowdedelevatorfartz on 10.26.16 at 8:26 am

@#94 Smoking Man
“Let shit hit the fan….. It’s how I roll.”
********************************************

Will you still be able to use the term “Man” if your wife divorces you and takes everything(including your “oysters)?

#136 Context on 10.26.16 at 8:29 am

#119 MF:- Send your concerns to the Pentagon who recently did a war simulation with Russia. The battle lasted two weeks and they lost the war badly on all fronts. The Generals were concerned to say the least.

#137 paul on 10.26.16 at 8:35 am

So it begins it’s only mid week, three clients have called they are underwater looking to consolidate heloc’s, car loans,card debt.

#138 paul on 10.26.16 at 8:49 am

#62 The real Kip on 10.25.16 at 8:34 pm
How about none other than Barack Obama on election fraud? Is he another crackpot?

http://youtu.be/CgE9Xk751zc

That was pathetic. There is zero evidence of rigged machines. — Garth
——————————————————————–
User error??

http://www.dallasnews.com/news/2016-presidential-election/2016/10/25/voters-texas-say-machines-changed-trump-votes-clinton-elections-officials-say-just-user-error

#139 Joe Bloggs on 10.26.16 at 9:04 am

“Also taken for granted – that interest rates will start to rise in December.” – LOL!!! You are taking it for granted for something like four years, but it did not go up much…

#140 Andrew t on 10.26.16 at 9:13 am

#120 MF on 10.25.16 at 11:59 pm
#108 DON on 10.25.16 at 11:02 pm

Absolutely. Politics is like a pendulum. After years of watching liberal progressivism get more militant and dangerous, people are naturally starting to push back. That’s Trumpism, and it is going to get stronger not weaker.

Jill Stein’s ideas I think are absolute garbage from top to bottom though.

MF

While I agree there’s a natural ebb and flow in politics, my sense is this so-called Trumpism has peaked. A movement towards civility is the next wave. Trump’s brand in his hotels etc. is already taking a massive hit. On top of being repugnant, he’s now getting the stink of loserdom all over himself. The old GOP base is quite literally dying off, people under 35 favour Clinton 60% to 19%. (Realclearpolitics polling average) And don’t underestimate how bored and tired people are getting of hearing the manufactured conspiracies and controversies of the alt-right.

#141 isuckless on 10.26.16 at 9:18 am

Regarding voting machines – problems are inherent and not fixed:
https://www.sans.org/newsletters/newsbites/xviii/79
https://www.giac.org/paper/gsec/3687/inherent-problems-electronic-voting-systems/105962#__utma=216335632.1353375262.1477485764.1477485764.1477485764.1&__utmb=216335632.19.9.1477487728306&__utmc=216335632&__utmx=-&__utmz=216335632.1477485764.1.1.utmcsr=HouseList%20Newsbites|utmccn=Pen%20Test%20HackFest%20Summit%20|utmcmd=Email|utmcct=NBvol18no85%20default&__utmv=-&__utmk=251323717&__utma=216335632.1353375262.1477485764.1477485764.1477485764.1&__utmb=216335632.20.9.1477487790542&__utmc=216335632&__utmx=-&__utmz=216335632.1477485764.1.1.utmcsr=HouseList%20Newsbites|utmccn=Pen%20Test%20HackFest%20Summit%20|utmcmd=Email|utmcct=NBvol18no85%20default&__utmv=-&__utmk=74000721

#142 Ace Goodheart on 10.26.16 at 9:27 am

RE: #42 Smoking man:

“Labour wage growth depends on supply and demand, increase supply, there goes the raise.”

This “anti immigration” argument does not work. When you increase a population, you not only increase labour supply, you also increase demand. More people need more stuff.

Economies are all about scale. They need to be huge, to work. If you have ten people on an island somewhere producing cans of Cola, those cans are going to be incredibly expensive. Likely it will cost millions to produce a few dozen. There will never be a profit made in selling them (to ten people) and the factory will run at a loss. It will also be a very inefficient factory as it will have ten employees, produce hardly any product, and cost a large amount of money to run……

That is why you need a large population. Go to Nunavut and see how much consumer goods cost. It will blow your mind. The high prices are due to there being hardly anyone up there, everything being imported and there being very little economic activity due to very small populations.

You need lots of people to have a successful economy. The more the better. I am done with all the nonsense about the said population having to be all one colour or all one religion. Everyone knows this is garbage. It works better with a mixture.

Your ideal happy economy, is one with as many people as possible, from as many different backgrounds, races, religions and orientations as possible, all living together and working and consuming. The more, the better. The more diverse, the better. Economically, that economy is where the money is.

Have a look around the world and you’ll see it. Diversity and large populations are the key to economic growth. It crushes any radicalism or ultra right or left sentiment, you get a good solid middle ground, you have a large amount of wants and needs in the population, a huge skill set, many different cultural identities (which can be sold as economic items – look at the restaurant industry if you don’t believe me) and no one group is overpowering any other group.

Immigration is the key. Trudeau is entirely right on this point. The more, the better.

#143 Johnny Boy on 10.26.16 at 9:46 am

#93 rknusa on 10.25.16 at 9:56 pm

#29 Smoking Man on 10.25.16 at 7:32 pm
I would love to know what profession you are in that is on the list in NAFTA which allows you to get a TN Visa
you do not seem to be a person with a formal education that a TN Visa requires, and street education does not count.
……………………………………………………………………
Is it not obvious? Smoking Man is an entertainer, most definitely and most likely a comedian. He can not go as a self employed individual as he claims to be. He also claims to not be schooled so that excludes him as well.
Your educational qualifications or appropriate credentials demonstrating professional status would be required. If he claims to have, and has not met the above qualifications for a TN then he most likely lied or falsified his status. How do I know this? My brother in law works for (CBP) U.S. Customs & Border Protection at Lester B Pearson International Airport. He lives here in Mississauga and I have asked him many times about TN visas for my own purposes. The Department of Homeland Security doesn’t take it lightly when your credentials are not upstanding. He pulls people in every day and declines entry for people trying to enter even with a TN visa.
However the funny clown here would be allowed, yuk, yuk, yuk.

#144 Johnny Boy on 10.26.16 at 9:50 am

#134 crowdedelevatorfartz on 10.26.16 at 8:26 am

@#94 Smoking Man
“Let shit hit the fan….. It’s how I roll.”
********************************************

Will you still be able to use the term “Man” if your wife divorces you and takes everything(including your “oysters)?
…………………………………………………………………….
Well that explains everything. “It’s how I roll”
Is that rolling from the bar stool to the toilet?
Rolling off your bed when the spins occur?
Rolling your eyes when the HAG asks for another $1000?

#145 McLovin on 10.26.16 at 9:51 am

Apathy in the voting populace can turn an election and create unexpected results. Trump’s supporters are fanatics, and they WILL go and vote. On the other hand, if Hillary’s less than enthusiastic soft ‘supporters’ (there are many) don’t turn out in droves, the result could be unexpected…like Brexit on a rainy day in Britain, or the apathy of the masses that didn’t bother to head to the polls resulting in Rachel Notley and Kathleen Wynne winning Alberta and Ontario. Bob’s your uncle, Fanny’s your aunt, and lord love a duck.

#146 };-) aka Devil's Advocate on 10.26.16 at 10:51 am

Slamming on the Breaks
Assessing the Impacts of Changed Criteria for Mortgage Qualification
by Will Dunning Inc.
October 18, 2016

#147 Damifino on 10.26.16 at 10:58 am

#78 Basement_Dweller

“I suggest you introduce voting for the blog comments. Comments with most positive votes, get a response from Garth and become a topic of discussion on the next blog.”
————————————-

Yeah! Garth appreciates people in the peanut gallery dreaming up make-work projects on his behalf.

He has an actual day job, you know.

#148 MF on 10.26.16 at 10:59 am

#135 Context on 10.26.16 at 8:29 am

Ok I’ll do that

/not srs

#141 Ace Goodheart on 10.26.16 at 9:27 am

Yes and no. Immigration works well if the economy is able to handle the immigrants that come. If they are not able to assimilate, find jobs, and start a life they end up on welfare and cost the state (or they just leave). They may turn to crime and feel alienated too (look at Europe). My girlfriend had friends from southeast asia working as nannies in Alberta who had to leave because the economy slowed and their employers could not afford them.

I don’t think anyone is against immigration, i do think the process must be stringent and not hurried. Europe is an example of what happens when it is done wrong. As for Trudeau, he looks like he is following the European failed example. I wouldn’t give him any praise at all.

Harper increased immigration throughout his terms, and did it well (I thought)..so again zero praise for T2 on this matter (or any matter).

MF

#149 Prairieboy43 on 10.26.16 at 11:09 am

Smoking Man, will have the last laugh. Drain the Swamp theme is working for Republicans. Millennial prefer, Bernie Sanders. Many Millennial will not vote.
Here in Canada, NDP are waiting for Notley’s defeat in Alberta. She can run for Feds. Notley represents female, millennial voters. NDP will have difficulties reelection time in AB.
The Housing debt crisis is unfolding slowly. Will Feds increase rates in December. We will see.
I am checking out. Hunting Season has started. Canadian
Moose, head North (NWT). Watch out for Wolves/Grizzlies. This will be your safe place.

PB43

#150 Bytor the Snow Dog on 10.26.16 at 11:09 am

@126 DON- How can you recommend voting for someone if you haven’t read their policies? Have you read Stein’s policy statement? I have. Hello Nanny State.

@135 Context- The US hasn’t made any upgrades to their missile launch systems since WOPR. The only winning move is not to play.

@141 Ace G.- When does the end game happen? The planet is finite big fella.

#151 Capt. Serious on 10.26.16 at 11:10 am

NY Times has Hilary’s chance of winning at 92% vs 8% for Trump currently.
If Trump loses Florida and Pennsylvania (likely) he only has one (1) combination of swing states that would see him win the Presidency, versus 255 ways for Hilary. Trump would need to run the table of Ohio, N.C., VA., Wis, Colo, Iowa, Nev, N.H..
Interestingly, even if Trump takes Florida, Ohio, N.C., Iowa, and Nevada (of which only Ohio and Iowa could be called too close to call, BTW), and Clinton takes only the rest of the set above (in which she is heavily favoured), Clinton wins.

Of course, people showing up to vote and deciding to do one thing in private while saying another publicly could mean these predictions are way off, but I wouldn’t be on it.

#152 Capt. Serious on 10.26.16 at 11:13 am

Trump’s supporters are fanatics, and they WILL go and vote.

But he needs more than this. He needs traditional GOP voters to get out and still vote Rep., and he needs people who voted democrat to switch to Rep. How likely do you think that is?

#153 MF on 10.26.16 at 11:13 am

#139 Andrew t on 10.26.16 at 9:13 am

I disagree. I am under 35 and let me tell you the vast majority of my friends are leaning more and more right.

I do not think many over 40 understand the fanaticism that is taking over our universities and colleges. I’ve noticed in discussion with older folks that they are very out of touch.

Developing alongside that Liberal extremism is the counter movement (you called it the alt right). I believe the alt right is borne out of the collective experiences of former centrist Liberals (like myself) in these fanatic post secondary schools.

That’s why this movement is gaining. We are not uneducated, jobless or dumb..but common former center leaning ambitious, pragmatic, smart and educated masses who are tired of the extremism. Again, This concept seems impossible for older folks to grasp. They need to wake up.

So no, Trumpism is just getting started.

MF

#154 InvestorsFriend on 10.26.16 at 11:21 am

Employees got little profit?

#129 Trumppppet on 10.26.16 at 7:21 am lamented:

The right is gaining ground all around the world because we can now see our current system is just a pyramid scheme.

My company for example had roughly $250 million in profits last year. This is distributed amongst 3400 employees. The top 25 executives pocketed half!!! We were left with the distribution of the crumbs.

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

Actually once money is paid to employees, junior or senior it is an expense and so cannot possibly have come out of “profit”. Profit is what is left for the owners after paying all expenses and taxes.

You forgot all about the owners of the business? Does your company have any assets owned by the owners or is everything produced by the employees with no need for owner investment?

#155 isuckless on 10.26.16 at 11:21 am

The only way to calm the raising wave of “deplorables” is to allow Trump to win and then block him by Congress and Senate.
It will show that “democracy” works and also give a bird to the “electorate”

#156 TurnerNation on 10.26.16 at 11:31 am

Our elites have spoken! Polenoz said 2% inflation. We are to get poorer, compounded 2% yearly. Do the math.

They’ll stone you just like they said they will

#157 IHCTD9 on 10.26.16 at 11:41 am

#109 Mark on 10.25.16 at 11:02 pm
“Harper left us with a 941 million deficit – clearly not good enough for many dingbat progressives in Canada. T2 has that Harper number covered by about 33 Billion. “

As I posted yesterday in response to WalMark, Trudeau added $22B of new debt YoY. The average, not even inflation adjusted, over the life of the Harper administration was $26B/year. Adjust that for inflation, and Trudeau’s actual record of deficits is dramatically better than the Harper average.

Harper ran a deficit of approximately $21B from January to November, 2015. Not $900M or some nonsense like that.

Figures are on the Bank of Canada website. Might not like some of Trudeau’s policies, but in this case, I don’t like seeing lies spread about him either.

http://www.bankofcanada.ca/markets/government-securities-auctions/goc-t-bills-and-bonds-outstanding/
__________________________________________

Did I say anything about debt?

Nope, I didn’t.

This is the third time you’ve responded to facts regarding Harper vs Trudeau DEFICITS with gobbledygook about debt, goofy math, strategic averages, and all kinds of crap that had nothing to do with the facts I stated.

You may not like Harper, but he had the deficit number at 941 Million in October 2015, and Trudeau has taken that to what is now expected to be 34 BILLION in year one.

I know it stings, but the first step in being a reasonable man, is admitting when you’re wrong and acknowledging the facts.

#158 Context on 10.26.16 at 11:43 am

#142 Johnny Boy:- You have it all wrong about the Smoking Man as have it on good authority that he is working for CSIS involved with covert operations.

#159 TCContrarian on 10.26.16 at 11:45 am

“…central bankers firmly in control of global monetary policy,…”

——————————————————————

LOL

Sort of reminds me of Bernanke’s (in)famous speech in 2007:

“Although the turmoil in the subprime mortgage market has created severe financial problems for many individuals and families, the implications of these developments for the housing market as a whole are less clear. The ongoing tightening of lending standards, although an appropriate market response, will reduce somewhat the effective demand for housing, and foreclosed properties will add to the inventories of unsold homes. At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency. We will continue to monitor this situation closely.”

https://www.federalreserve.gov/newsevents/testimony/bernanke20070328a.htm

#160 isuckless on 10.26.16 at 12:08 pm

“Immigration is the key. Trudeau is entirely right on this point. The more, the better.”

Yes, but ONLY in a non-welfare society, like USA at the beginning of 20th century, NOT UK/EU or Canada today.

Immigration based on skills is OK, but taking unskilled/refugee “immigrants” is a death to the economy.

Give one shred of evidence for that last statement. — Garth

#161 Calgary Vortex on 10.26.16 at 12:08 pm

Seriously you think Trump will win?

Im not so convinced. As an American I am voting for neither, mostly because I dont want to register to vote and have any link to the USA. I also didnt renew my passport and dont file 1040s. My debtors for my student loan didnt accept Canadian funds, so guess what, I dont pay, about $30K owed in USA. Obama can just print more money if I owe taxes there and my student loans.

Either way the election is an embarassment. The electoral college prevents any justice in the USA. It already failed the USA in 2000 when Bush was illegally put into office. The best thing to do is find a Canadian and escape the USA. This is essentially what I did

At least with Trump if he gets in, he is entertaining to watch.

The election is fine. You’re an embarrassment. — Garth

#162 Smoking Man on 10.26.16 at 12:18 pm

#142 Johnny Boy on 10.26.16 at 9:46 am
#93 rknusa on 10.25.16 at 9:56 pm
#29 Smoking Man on 10.25.16 at 7:32 pm
I would love to know what profession you are in that is on the list in NAFTA which allows you to get a TN Visa
you do not seem to be a person with a formal education that a TN Visa requires, and street education does not count.
…………………….

Management Consultant. Duh

No obedience certificate required.
Just a load of verifiable experience.

There are always ways my little doggies. Live and learn.

#163 Burton on 10.26.16 at 12:30 pm

DELETED

#164 Smoking Man on 10.26.16 at 12:44 pm

#105 Grooby on 10.25.16 at 10:54 pm
I swear my IQ drops each time I read a Smoking Man rant. A Dunning-Krueger poster boy.

But you heard it here. The prescient, all-knowing, superlative Smoking Man is calling Trump to win. This puts your credibility as a prognosticator on the line.

Unless, of course, when he loses badly and takes the coward’s route and insists it was rigged.
……

You don’t think it’s rigged? Stay away from Everglades sales people.

#165 Burton on 10.26.16 at 12:52 pm

It seems I’ve joined some esteemed company by being deleted by this website. Apparently cultural Marxism is alive and well here.

Nah. We just hate white supremacist bigots. — Garth

#166 pBrasseur on 10.26.16 at 1:03 pm

Another moronic column from David Rosenberg:

http://business.financialpost.com/investing/investing-pro/david-rosenberg-all-signs-are-flashing-this-market-is-late-in-the-game

We should go in recession because of the «yield curve», give me a freaking break!

Seriously I don’t understand why this guy is given so much credit!

#167 Aggregator on 10.26.16 at 1:04 pm

Calgary is about to post a 20% yy rise in sales for the month of October. Expect the same with Vancouver over the next several months.

Van sales are down 70%. — Garth

#168 isuckless on 10.26.16 at 1:05 pm

“Give one shred of evidence for that last statement. — Garth”
UK and EU economies (especially Germany) that have great welfare system (why ALL refugees want, and fight for “their right”, to go to UK?) that is breaking up because of influx of unskilled labor that is unwilling to contribute to economy (mostly, as MSM will always find someone who works and “prospers”).

Yes, I am not forgetting that for decades Germany exploited slave, sorry “immigrant”, Turkish gastarbeiters and built part of national wealth on it, however they strictly controlled that. With Merkel, that control is gone and refugees are not gastarbeiters so they have access to welfare (and gastarbeiter did NOT).

Is this Germany? — Garth

#169 Ace Goodheart on 10.26.16 at 1:16 pm

#159 isuckless:

“Yes, but ONLY in a non-welfare society, like USA at the beginning of 20th century, NOT UK/EU or Canada today.

Immigration based on skills is OK, but taking unskilled/refugee “immigrants” is a death to the economy.”

This has not been my experience. Do you actually talk to former refugees/immigrants? I do. I find incredibly hard working people who survive hardships which are really unimaginable to those of us who are born here.

Ontario does have a population of “frequent fliers” on the social welfare program list. However I have never seen any evidence at all that would suggest that these persons are predominantly immigrants/refugees. If anything, the opposite seems to be true. These individuals for the most part are Canadian born/bred. Often they are from generations of social welfare frequent fliers and can trace their ancestry back for many Canadian born generations.

This statement you make is simply not true.

#170 Ace Goodheart on 10.26.16 at 1:28 pm

#149 Bytor the Snow Dog:

“@141 Ace G.- When does the end game happen? The planet is finite big fella.”

Yes, the cute and fuzzy argument currently being made by North Americans and Western Europeans: “there are too many people on Earth, and it’s all developing nations’ fault”.

This coming from a group of countries who make up a tiny fraction of the earth’s population, and consume I believe about 60% of the planet’s resources?

This argument alternately makes me very angry, and makes me laugh depending on my mood. One American person consumes the same amount of resources as 370 sub saharan Africans? The solution? There’s too many damn Africans.

Only Western Society could EVER come up with an argument like this. This is why we are failing as a civilization.

#171 IHCTD9 on 10.26.16 at 1:34 pm

#141 Ace Goodheart on 10.26.16 at 9:27 am
RE: #42 Smoking man:

“Labour wage growth depends on supply and demand, increase supply, there goes the raise.”

This “anti immigration” argument does not work. When you increase a population, you not only increase labour supply, you also increase demand. More people need more stuff.
____________________________

This is a bit of a feeble analysis. The more the better? So let’s jam 10 million new Canadians into the GTA – will that make it the best city on earth because of so many folks jammed into one place? Hell no, it won’t.

You’re blabbing on via an idealistic utopian outlook that disregards the immigrants themselves. You should be looking at and talking to new immigrants themselves for a little tempering.

They are having a tough time, they don’t keep their jobs long. One guy I know wants it to remain a secret from his employer that he is going to WLU for a business degree – why? – because he fears losing his job if they find out… Wages are less now than they were in 2006 for the same job description in some positions. They bust their balls for long hours for 20.00/hr for fear of being replaced as it is so easy to do. Some commute OUT of the GTA because the money is better!

Some studies show up to 40% of all immigrants leaving Canada within 10 years of gaining their Canadian citizenship. It ain’t easy, you can’t just boat them over, point to the city, and wait for piles of economic growth to appear. That is fantasy, and it is more of a dream every year.

It won’t be too long before the opportunities in 3rd world countries are better than the ones over here – meanwhile T2 is gearing up to provide population growth 100% based on foreigners whom Trudeau expects will always be clamoring to immigrate to Canada. The population will balance itself…

An interesting read – read the comments too:

http://canadianimmigrant.ca/community/integration/why-some-immigrants-want-to-leave-canada

#172 Context on 10.26.16 at 1:36 pm

#159 isuckless:- The unskilled immigrants that came to this country during 1950’s and 60’s found great jobs working in the factories or learning a vital trade. They saved their money and bought a home, and it was the children who were educated as a priority. The children are now professionals, homeowners, company owners, and entrepreneurs who are paying a lot of taxes.

#173 CJBob on 10.26.16 at 1:45 pm

#156 IHCTD9 on 10.26.16 at 11:41 am
…the first step in being a reasonable man, is admitting when you’re wrong and acknowledging the facts.
________________
I believe Mark was correctly pointing out that cherry picking one deficit number and ignoring the previous debt accumulation to claim Harper was better than T2 at managing the federal budget is disingenuous. Being able to see both sides of an argument and not resort to name calling seems to me to be a better indication of a reasonable man.

#174 Grey Dog on 10.26.16 at 1:57 pm

MF, Alt right….are you sure you are educated enough? This is a very dangerous movement. You get enough kooks involved ie Trumps masses, encouraging this mass discrimination of innocent people and we are looking at a repeat of hitler. I thought as humans we learn from our mistakes. This is what this Russian Alexandr Dugin wants. Please do your homework before you jump on this very dangerous bandwagon you have announced you are on. Alt right has no place in a civil society.

#175 Millenial Falcon on 10.26.16 at 2:06 pm

http://www.businessinsider.com/chinese-billionaires-gangsters-and-spies-on-canadian-real-estate-2016-10

Interestin article. Way to late though Canadian sovereignties long gone

#176 cramar on 10.26.16 at 2:21 pm

Well, back months ago when Trump first insulted Mexicans I told my wife that no one with the right to vote and with Mexican descent will support him. He will lose.

Since then, he has insulted immigrants so why would any vote for him?

Why would any Afro-American vote for him, given his attitude against them in the past? Unless they are dumb enough to believe that he will (or can) actually reform the inter-cities of America.

Why would any woman vote for Trump? He has shown what his attitude is toward woman. Even before the accusations against him came out, I saw an interview with Rebecca Traister, author of the book All The Single Ladies: unmarried women and the rise of an independent nation. She said the tens of millions of single successful women who vote primarily Democrat, are responsible for putting Obama in office last election. They will never support Trump. NEVER!

So with little votes from immigrants, blacks, and women, who is left to vote for him? White male rednecks who fanatically support the NRA, and hate the liberal destruction of America. They are the ones who are fanatic enough to come to his rallies in large percentages. Common Democrats will not go to a rally, but will just vote.

Trump will lose. Garth has called it right.

But hey, anything can happen. If he wins, it means that voting machines are rigged since only a few will vote for him.

#177 WalMark of sadkatoon on 10.26.16 at 2:26 pm

I know it stings, but the first step in being a reasonable man, is admitting when you’re wrong and acknowledging the facts.

Sad isn’t it?

I think it’s the trauma of being on the wrong side of his USDCAD trade over the last 4 years. In addition to being wrong about gold, barrick, deflation and Toronto real estate prices as well.

I wouldn’t have thought it was possible to be on the wrong side of so many trades. A coin toss would be better!

Lol

#178 Nemesis on 10.26.16 at 2:27 pm

#Seriously,St.Brian?,Or… #That’sAPrettyBigOliphantInTheRoom…

[G&M] – Mulroney plans institute bearing his name at St. Francis Xavier University

…”The Brian Mulroney Institute of Government will be housed in the yet-to-be built $40-million Mulroney Hall on the picturesque campus in Antigonish, N.S., where Mr. Mulroney graduated with a political science degree in 1959, university president Kent MacDonald said…

…It will also feature a replica of Mr. Mulroney’s prime ministerial portrait, donated from his home, and a gift Mr. Mulroney received from the Conservative Party as a parting gift – the desk of former prime minister John A. Macdonald.

“He has a lot of brown paper bags artifacts. What he and his wife Mila have said is, ‘Whatever St.FX wants, you can have,’” Mr. MacDonald said.”…

http://www.theglobeandmail.com/news/politics/mulroney-plans-institute-bearing-his-name-at-st-francis-xavier-university/article32528695/

#179 DON on 10.26.16 at 2:35 pm

#149 Bytor the Snow Dog on 10.26.16 at 11:09 am
@126 DON- How can you recommend voting for someone if you haven’t read their policies? Have you read Stein’s policy statement? I have. Hello Nanny State.
**************************

Normally I would read through all policy statements, but in this case a nutty election deserves an nutty approach.

Let’s be honest not many are reading the platforms and policies – unless it is big ticket items such as TPP etc.

Just being somewhat of an ass – last night.

#180 DON on 10.26.16 at 2:41 pm

#152 MF on 10.26.16 at 11:13 am
#139 Andrew t on 10.26.16 at 9:13 am

I disagree. I am under 35 and let me tell you the vast majority of my friends are leaning more and more right.

I do not think many over 40 understand the fanaticism that is taking over our universities and colleges. I’ve noticed in discussion with older folks that they are very out of touch.

Developing alongside that Liberal extremism is the counter movement (you called it the alt right). I believe the alt right is borne out of the collective experiences of former centrist Liberals (like myself) in these fanatic post secondary schools.

That’s why this movement is gaining. We are not uneducated, jobless or dumb..but common former center leaning ambitious, pragmatic, smart and educated masses who are tired of the extremism. Again, This concept seems impossible for older folks to grasp. They need to wake up.

So no, Trumpism is just getting started.

MF
*******************

Just have to wait this one out – but there is a movement just like the boomers in the 70’s. Shift is occurring globally. The point here is the US elections are morphed into nuttism. This is the proof that change is already on its way in some form, hope it is good.

People under 40 need to read non MSM also to get an idea of the past and the over 40 crowd needs to remember the past. Problem partially solved (education stage).

#181 rainclouds on 10.26.16 at 2:43 pm

#159 USuckmore ‘Yes, but ONLY in a non-welfare society, like USA at the beginning of 20th century, NOT UK/EU or Canada today.Immigration based on skills is OK, but taking unskilled/refugee “immigrants” is a death to the economy.’

Are you 12?

Live DT Van. Robson/Cambie. Have to navigate the “Canadians” lying on the sidewalk with their cardboard Begging signs. Lots of Tats/ dreads/ and metal bits poking out of their bodies. 3 per block, both sides. Usually young, smoking, busy texting with a critter, in many cases under HELP WANTED signs.(So you want MY money to feed your dog/ pay your phone bill/ and buy smokes/tats/piercings/weed……..?) But dont want to work……..

Last week, Older Syrian dude (no English) sets up a kiosk among the vagrants. Tidy, clean, not blocking anybody OR BEGGING. Selling homemade baklava and other sweets. He has probably been in Canada less than 6 months. Already moving forward. Guess who HAS A FUTURE?

Wife’s parents, unskilled, no English came here 60 yrs ago, raised 5 kids, worked without taking sick time, paid their taxes, contributed greatly to the economy and their community.

What exactly were you blabbering about?

#182 Mark on 10.26.16 at 2:44 pm

“You may not like Harper, but he had the deficit number at 941 Million in October 2015, and Trudeau has taken that to what is now expected to be 34 BILLION in year one.”

Completely untrue. Debt is merely the cumulation of deficits or surpluses. If your debt increases, say, $22B a year, that means you had a $22B deficit for that year.

As those figures show, Trudeau only ran a $22B deficit in his first year. Harper ran deficits averaging $26B/year including over $20B in his last year in office.

As Trump would say….”completely dishonest” to suggest that Harper only ran a $900-something million dollar deficit in his last year in office when debt increased by over $20B. And by definition, if your debt only increased by $22B, you could not have possibly run a $33B deficit.

#183 Mark on 10.26.16 at 2:46 pm

““You may not like Harper”

BTW, punch my real name into Google Images, and one of the first images that comes up is one of me and Harper. So to say that I didn’t like Harper has almost zero credibility. But it was time for him to go because of the fiscal wreck his government put Canada into. I am personally amazed that Trudeau has done as well as he has, given the economy he was handed.

#184 Tesla is an Alien God among Mortals on 10.26.16 at 2:47 pm

#163 Smoking Man on 10.26.16 at 12:44 pm

#105 Grooby on 10.25.16 at 10:54 pm
I swear my IQ drops each time I read a Smoking Man rant. A Dunning-Krueger poster boy.

But you heard it here. The prescient, all-knowing, superlative Smoking Man is calling Trump to win. This puts your credibility as a prognosticator on the line.

Unless, of course, when he loses badly and takes the coward’s route and insists it was rigged.
……

You don’t think it’s rigged? Stay away from Everglades sales people.

The little green men who wired building 7 have been busy re-programming the voting machines.. how else they gonna get their WW3… duh it’s so obvious. It’s written in the stars since they don’t keep records at Bilderburg.

#185 Ace Goodheart on 10.26.16 at 2:51 pm

#170 IHCTD9:

“They are having a tough time, they don’t keep their jobs long. One guy I know wants it to remain a secret from his employer that he is going to WLU for a business degree – why? – because he fears losing his job if they find out…”

Hmmm, a business degree. Sounds like a future welfare case to me. And he’s working too? And concerned about what his employer knows about his schooling? Sounds like a real dead beat.

I think you just argued my own point for me.

The anti immigrant comments on here are quite remarkable.

I have been told this is what would happen if I attempted to support immigration on this blog.

Oh well……

#186 Bytor the Snow Dog on 10.26.16 at 2:53 pm

@170 IH Guy-

Thanks for piling Ace’s strawman over there =====> in the corner where it belongs. Saved me the trouble.

#187 Bytor the Snow Dog on 10.26.16 at 2:58 pm

@185 Ace G.

Why is there always extreme polarity everywhere anymore? Just because people don’t agree with your post doesn’t mean they’re anti-immigration.

Immigration is good. However the quality and quantity of immigrants matter.

#188 owl on 10.26.16 at 3:12 pm

#156 IHCTD9 on 10.26.16 at 11:41 am
Did I say anything about debt?

Nope, I didn’t.

This is the third time you’ve responded to facts regarding Harper vs Trudeau DEFICITS with gobbledygook about debt, goofy math, strategic averages, and all kinds of crap that had nothing to do with the facts I stated.
————————————

the only one spouting gobbleygook is, literally, you.

Harpers Record:
Fiscal Year Surplus/ deficit Adjusted % of GDP
2006-07 13.8 16.0 20.9
2007-08 9.6 10.9 20.6
2008-09 -5.8 -6.48 -0.4
2009-10 -55.6 -61.27 -3.6
2010-11 -33.4 -36.12 -2.1
2011-12 -26.3 -27.82 -1.5
2012-13 -18.4 -18.91 -1.0
2013-14 -5.2 -5.26 -0.3
2014-15 1.9 1.9 0.1
Billions $2015 Billions $%

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

#189 isuckless on 10.26.16 at 3:15 pm

Garth and Ace:
I am an immigrant, 25 years ago came to Canada with one suitcase.
I know people who came to Canada as refugees and most, if not all, are hard working and relatively successful people.
Yes, Canada is not Germany (yet?) but opening the flood gates to uncontrolled immigration is road to disaster.
We (in Canada) have so many economic issues to fix regarding our society that 100s of thousands of low skilled refugees/immigrants won’t help.
Why we should care about Syria refugees more than our First Nation people? Is that because we want First Nation people to quietly die off and do not bother us any more (and our conscience will be cleansed)?

(a) Nobody has suggested ‘uncontrolled’ immigration for Canada. Get a grip. (b) Syrians are being bombed into dust. Nobody is slaughtering Canadian First Nations people. If you can’t make an argument without hyperbole, exaggeration and extremism, you don’t have one. — Garth

#190 Polls R Phake on 10.26.16 at 3:19 pm

The Y Factor – if Hillary has it all wrapped up then:

Y is the media biased?
Y did Trump have his hollywood star destroyed?
Y did 11 women allege he groped them 20 years ago?
Y are the Dems sending storm troopers to the Trump rallies?
Y is the media not covering any of Hillarys misdeeds?

Y?

#191 IHCTD9 on 10.26.16 at 3:22 pm

#172 CJBob on 10.26.16 at 1:45 pm
I believe Mark was correctly pointing out that cherry picking one deficit number and ignoring the previous debt accumulation to claim Harper was better than T2 at managing the federal budget is disingenuous. Being able to see both sides of an argument and not resort to name calling seems to me to be a better indication of a reasonable man.

___________________________________________

CJBob to the rescue!

Stings doesn’t it?

Harper ~941 Million – Oct 2015

Trudeau ~34 Billion (that’s with a B as in Bob)- Oct 2016

You can make excuses for T2 all day long, doesn’t change anything.

Mark can google up a bunch of irrelevant numbers doesn’t change anything either.

If you’re saying I’m wrong let’s hear it.

Nice and clear and with as few words as possible please and thanks.

#192 Johnny Boy on 10.26.16 at 3:28 pm

#161 Smoking Man on 10.26.16 at 12:18 pm

#142 Johnny Boy on 10.26.16 at 9:46 am
#93 rknusa on 10.25.16 at 9:56 pm
#29 Smoking Man on 10.25.16 at 7:32 pm
I would love to know what profession you are in that is on the list in NAFTA which allows you to get a TN Visa
you do not seem to be a person with a formal education that a TN Visa requires, and street education does not count.
…………………….

Management Consultant. Duh

No obedience certificate required.
Just a load of verifiable experience.

There are always ways my little doggies. Live and learn.
……………………………………………………………………
According to the lies you tell us you venture into the USA to create codes, programs and if I recall something to do with market analysis programs for bank traders. So you did lie, a management consultant doesn’t do any physical work such as “code smithing”. They advise a company only! Unless you have been hired on for another consulting company then you are allowed for 1-2 years only. 3 years never. You can be renewed on a year to year basis for your employer.
Yes any idiot can get into a TN visa without any formal education if you can prove relevance and competency with supporting letters of reference for your self in your field. Watch out though as my brother in-law nabs guys like you every week at the gates. Once caught you can kiss that TN visa good bye forever and you are now persona non grata. You however are not consulting (advising) if you are physically creating programs.

#193 eddyo on 10.26.16 at 3:36 pm

I don’t think it’s going to be an easy win for Hilary. I speak to US clients all day long, every day and from what I gather, Trump is right up there if not more popular than Hilary.

#194 Barb on 10.26.16 at 3:37 pm

#177 Nemesis on 10.26.16 at 2:27 pm
“…Brian Mulroney Institute of Government will be housed in the yet-to-be built $40-million Mulroney Hall on the picturesque campus in Antigonish, N.S., where Mr. Mulroney graduated with a political science degree in 1959, university president Kent MacDonald said…

…It will also feature a replica of Mr. Mulroney’s prime ministerial portrait, donated from his home…”

——————————————

Plus Mr. Mulroney could offer the ~$300,000 he found in his closet years ago. Payola for giving away Canada re NAFTA?

Mulroney earned money as a private citizen after leaving office. No crime was proven. Get over it. — Garth

#195 IHCTD9 on 10.26.16 at 3:38 pm

#187 owl on 10.26.16 at 3:12 pm
#156 IHCTD9 on 10.26.16 at 11:41 am
Did I say anything about debt?

Nope, I didn’t.

This is the third time you’ve responded to facts regarding Harper vs Trudeau DEFICITS with gobbledygook about debt, goofy math, strategic averages, and all kinds of crap that had nothing to do with the facts I stated.
————————————

the only one spouting gobbleygook is, literally, you.

Harpers Record:
Fiscal Year Surplus/ deficit Adjusted % of GDP
2006-07 13.8 16.0 20.9
2007-08 9.6 10.9 20.6
2008-09 -5.8 -6.48 -0.4
2009-10 -55.6 -61.27 -3.6
2010-11 -33.4 -36.12 -2.1
2011-12 -26.3 -27.82 -1.5
2012-13 -18.4 -18.91 -1.0
2013-14 -5.2 -5.26 -0.3
2014-15 1.9 1.9 0.1
Billions $2015 Billions $%

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

Your chart shows Harper 1.9 Billion in surplus at the end of 2014.

Seriously?

Why don’t you explain how that chart refutes my assertion that Harper left us in Oct 2015 with a small deficit.

Right, I won’t hold my breath…

#196 IHCTD9 on 10.26.16 at 3:48 pm

#184 Ace Goodheart on 10.26.16 at 2:51 pm
#170 IHCTD9:

“They are having a tough time, they don’t keep their jobs long. One guy I know wants it to remain a secret from his employer that he is going to WLU for a business degree – why? – because he fears losing his job if they find out…”

Hmmm, a business degree. Sounds like a future welfare case to me. And he’s working too? And concerned about what his employer knows about his schooling? Sounds like a real dead beat.

I think you just argued my own point for me.

The anti immigrant comments on here are quite remarkable.

I have been told this is what would happen if I attempted to support immigration on this blog.

Oh well……

____________________________________________

Well Ace, I’m glad a fearful existence working for peanuts, and loaded up on debt for a 25% chance at a better job is what you call successful immigration. I guess new Canadians would pretty much have to be shot in the street for you to think things didn’t work out great.

Also, you may need to hit the SQ3R box again if you think I’m anti immigration.

There are limits for the economy, and there are limits for what you can expect from immigrants themselves.

#197 IHCTD9 on 10.26.16 at 3:57 pm

#185 Bytor the Snow Dog on 10.26.16 at 2:53 pm
@170 IH Guy-

Thanks for piling Ace’s strawman over there =====> in the corner where it belongs. Saved me the trouble.
___________________________________________

Looks like we’ll have to keep doing it. Some folks fear they may be branded intolerant/racist at even the slightest pause for consideration of immigration. You are correct qty and quality matter, not only to Canadians – to the immigrants themselves as well. Ace obviously did not read the link I posted.

Toronto actually has a good thing going with the big enclaves where immigrants can get off and running with minimal hardship. But if they flood them out, the current level of prosperity (not the best) will drop, jobs will get even harder to find, wages go downhill, education becomes even more meaningless. Not every immigrant comes here and starts a successful business, most I see just go out and look for work at existing businesses.

One thing for sure, you don’t pound immigrants into the country one year, and look for positive results the next. More like 20-30 years.

#198 IHCTD9 on 10.26.16 at 4:14 pm

#181 Mark on 10.26.16 at 2:44 pm
“You may not like Harper, but he had the deficit number at 941 Million in October 2015, and Trudeau has taken that to what is now expected to be 34 BILLION in year one.”

Completely untrue. Debt is merely the cumulation of deficits or surpluses. If your debt increases, say, $22B a year, that means you had a $22B deficit for that year.

As those figures show, Trudeau only ran a $22B deficit in his first year. Harper ran deficits averaging $26B/year including over $20B in his last year in office.

As Trump would say….”completely dishonest” to suggest that Harper only ran a $900-something million dollar deficit in his last year in office when debt increased by over $20B. And by definition, if your debt only increased by $22B, you could not have possibly run a $33B deficit.

___________________________________________

Mark,

OK, I’m not sure how else to spell it out but, all I ever said was:

“Harper left office with a 941 Million deficit Oct 2015”

and

“Trudeau deficit for 2016 is estimated at 34 Billion”

That’s it, nothing else, just what is above.

Now if you’d like to tell me that I am wrong with this info, go ahead. Please assert clearly, on point; and with as few words as possible. Emphasis on the few words part – thanks.

It’s not untrue, or over the top – I mean, the first 7 months of 2015, Harper was actually running a surplus, [was that a blood vessel popping?] – yes a in the black surplus in 2015 – for 7 months.

That’s not too long before Wild Bill was calling for a 3 Billion dollar deficit for 2016 — so much for that.

#199 Aggregator on 10.26.16 at 4:43 pm

Van sales are down 70%. — Garth

Correct. Which means the market has estalished a low-base hurdle for 2017 sales, meaning next year you'll have to hear another earful of why housing bears are wrong.

My point about Calgary is that declining MLS sales make no difference when securities backed by mortgages are insured/guaranteed by the govt and valued using Teranet's HPI. Just look at Calgary's HPI sales pair count. Somehow they found a record amount of transactions in 2016 while MLS sales plummeted, even with a lag. Now this month is back to positive sales growth.

There's no indication that the national housing market is in decline. Banks will just lend more in other cities to offset Vancouver (like they offset Calgary by lending in Vancover), and so on. This is another 2012 false alarm.

#200 Smoking Man on 10.26.16 at 4:59 pm

#191 Johnny Boy on 10.26.16 at 3:28 pm

I can’t compete with India’s low rates when it comes to development. Are you insane, why would I develop for 35 per hour when I can bill 1500 a day looking at crap others built.?

Typically when I get a gig in the USA it is to look at what India did, or screwed up badly.
No offense to India.

Then I recommend to way to fix or rebuild. Developers make no money anymore. Fixers and consultants make out huge. Totally legit.

I’ve had 6 TN’s since 2000 never had a problem. Always Corp to Corp.

In today’s world if your good, you work remote using VPN, TN Visa’s are almost meaningless today when you work remote.

#201 Ace Goodheart on 10.26.16 at 5:13 pm

#195 IHCTD9

“Well Ace, I’m glad a fearful existence working for peanuts, and loaded up on debt for a 25% chance at a better job is what you call successful immigration. I guess new Canadians would pretty much have to be shot in the street for you to think things didn’t work out great.”

That is what we all do isn’t it? Go to University or College, load up on debt, don’t necessarily tell our employers that we’re aiming for bigger and brighter things, and hope for something better? That is what I did and I was born here.

I don’t get the problem with this recent immigrant’s situation. Sounds like things are going well for him and he’s a man with a plan. I wish him all the best of luck. 25% is pretty good in my books. I wouldn’t have given myself 25% when I went into my first year of undergrad, but 21 years later here I am earning 220k per year as a professional.

Back then I worked shoveling snow at night, had a second job during the day and pulled a full course load on top of that.

I don’t get it. What are you trying to say?

#202 owl on 10.26.16 at 5:54 pm

#194 IHCTD9 on 10.26.16 at 3:38 pm

Your chart shows Harper 1.9 Billion in surplus at the end of 2014.

Seriously?

Why don’t you explain how that chart refutes my assertion that Harper left us in Oct 2015 with a small deficit.

Right, I won’t hold my breath…
———————————————–

not my chart, not my job.

but your number is wrong, as the chart (it’s actually a table) shows, and thats all i was saying. harper ran a lot of years of deficit, it shows that too. so did almost every prime minister since the 60s, but Harper wins by a big margin. And 2015-16 was almost a 2 billion deficit, even after the sell off of massive assets.

i kind of wish you would hold your breath.

#203 Mark on 10.26.16 at 6:29 pm

“Now if you’d like to tell me that I am wrong with this info, go ahead. Please assert clearly, on point; and with as few words as possible. Emphasis on the few words part – thanks. “

The increase in the debt of Canada clearly shows that Harper’s regime ran a >$20B deficit in his last year in office. And that Trudeau, to date, has only run a $22B deficit (that is, spent $22B more than the GoC took in, thus increasing debt by $22B).

The figures for the outstanding indebtedness (and hence, deficits or surpluses run) of Canada were provided for you in the Bank of Canada link. YoY comparisons are best since there can be some seasonality associated with tax collections, spending, and revenue.

Why don’t you explain how that chart refutes my assertion that Harper left us in Oct 2015 with a small deficit.

Harper left office having run up over $260B of cumulative deficits 2005-2015, including over $20B in his last year in office alone. This is very clear from the outstanding indebtedness of Canada. Not even counting the off-balance-sheet liabilities at the CMHC which are now starting to become very worrying to the current Liberal government. Hence the discussions we now see concerning instituting deductibles or similar on CMHC subprime mortgage insurance.

#204 Burton on 10.26.16 at 9:02 pm

DELETED

#205 Future Expatriate on 10.27.16 at 9:20 am

Even Trump knows he’s not winning (not that he ever wanted to in the first place). Quit spending a penny. Already he’s kissing up to Hillary for Presidential pardons. More than one at the current rate. In public. Laughing at her jokes and agreeing with them, on camera, at the Catholic Charities dinner. After the usual Breitbart crazyspeech. It’s almost enough to make you think he really is the greatest political Trojan Horse of all time.

There is no one dumber in the world than a Trump supporter. No one.

#206 Teranet's HPI on 10.27.16 at 11:05 am

Subject based on a 3 month moving average (that means in the next quarter the truth will come out but not today) and the statistically troublesome Benchmark pricing where in the absence of data, they make it up to fit. Why people like Avg. Price.

WHEN YOU CAN EXPLAIN AND UNDERSTAND THE FOLLOWING, then you can harp about its accuracy and call into question estimates of others, but NOT BEFORE, and I quote from their methodology, in part (I used to teach Stats, their methodology leaves me scrambling for my old textbooks):

-based on a simple linear regression model, whose regression coefficient is the reciprocal of the desired index.

-The weighted least-squares (WLS) estimator guarantees that the residuals are minimum thus offering a minimum variance estimate of the unknown parameters.

-When a-priori information on the weights of the pairs is available, then a diagonal n × n weight matrix P can be formed with, for example, elements proportional to the experimental probability.

-As discussed in the previous section, one of the reasons that the residuals may not be normally distributed is the presence of heteroskedasticity. Even if the residuals pass the normality test, which is not very sensitive to the presence of heteroskedasticity, there may be a mild heteroskedasticity present.

-When there are endogenous regressors, the weighted IV estimator is equivalent to the Generalised Method of Moments (GMM) and it is discussed below.

– Statistically small number of sales pairs may result in highly inconsistent
indices. Subsequent analyses may suggest the inclusion of additional types of properties to increase the number of sales pairs.

The last one means in the absence of data, make it up.

bsant

#207 traderJim on 10.27.16 at 6:11 pm

#204 future expat

Take a good look at that post folks, rarely will you see such a display of cognitive dissonance and bullying in a few short paragraphs.

So tens of millions of people are almost impossibly stupid for having a different opinion than you?

Please tell me your plans are to expatriate self outside of North America? We already have enough bullies here.