Alternative Facts (2)

DOUG By Guest Blogger Doug Rowat

Like John Travolta’s 1970s ‘bubble boy’, the media and the investment community spent too much time, myself included, isolated from the real-world rise of Donald Trump and populism. We shielded ourselves from the discontent of the rural and middle class voters, focused on (clearly) the wrong data and were smug in our conclusions and forecasts.

I occasionally read Howard Marks’ memos from Oaktree Capital and I find his fair-minded view and willingness to avoid easy and superficial conclusions refreshing. His latest newsletter makes an interesting point:

These days the news media shows little resemblance to what it was 30, 40 or 50 years ago. Many outlets are highly biased to one side or the other and make it possible to read, watch and listen all day and never be exposed to all aspects of the issues [bolding his]…Today’s media personalities rarely express the confusion [Edward R.] Murrow did. Rather, they tend to state forecasts as certainties.

All true. And this is clearly a mistake I made as I immersed myself in the media coverage of the Trump campaign. I took for granted the conclusions of the left-leaning press, accepted these as gospel and rarely considered other viewpoints.

I need to change my approach. And, as the populist movement continues to gain traction (all eyes will now be on the French elections in April/May), so should we all.

So, some baby steps.

First, the low-hanging fruit: Meryl Streep’s Golden Globes speech. While accepting her lifetime achievement award, Streep criticized Trump and highlighted that if we don’t defend the arts we’ll have “nothing to watch but football and mixed martial arts, which are not the arts.” This made me cringe. I read Trump supporter Piers Morgan’s excellent response to Streep’s speech.

He emphasized her snobbery by noting that “tens of millions of ordinary Americans love football and the MMA and would be quite happy watching their favourite sports at the expense of the next Woody Allen film.” Streep probably never stopped to consider that some of the greatest writers of our time (Don DeLillo, Ernest Hemingway, Norman Mailer, Joyce Carol Oates, and David Remnick, long-time editor of The New Yorker, to name but a few) love sports, particularly boxing (the MMA of another generation). And anyone who has witnessed, to pick a singular moment, NFL wide receiver Odell Beckham’s breathtaking 2014 touchdown catch in his rookie season (see for yourself: https://www.youtube.com/watch?v=zxbz3DDQzHU) knows that sports can be as awe-inspiring as any film. Streep’s tone, as she gazed out at Hollywood’s super-rich, implied sports were crude and blue collar. Precisely the elitist rhetoric that so alienates vast amounts of the US population.

We know that Trump’s no gentleman or role-model husband. However, again to provide myself a fuller perspective, I read a recent Conrad Black column where he acknowledged Trump’s vulgarity, but correctly pointed out that the criticism surrounding Trump’s personal life is righteous and hypocritical given that John F. Kennedy, Bill Clinton, Franklin D. Roosevelt and Dwight D. Eisenhower had themselves less-than-stellar reputations in this area. They simply didn’t live in an era where a spotlight was constantly shone on their behaviour.

Bill Clinton was closest to, but still a bit before, our full-court-press social media age, yet his indiscretions almost ended his presidency. How would he have fared in 2016? Black also highlighted in another column that the Clintons, as with Trump, have countless conflicts of interests (“The Clintons had a net worth of zero when they left office and now they have from $150 million to $200 million. Where does anyone suppose the money came from?”).

Change In Total Employment: June 2009 to June 2016

% Rural Support For US Presidential Candidates

Source: US Bureau of Labor Statistics, NPR

Finally, the Barack Obama–driven economic recovery, which has been so applauded, was actually in many ways quite uneven. While the headline numbers are impressive—a nearly halving of the unemployment rate during his two terms, for example—the adjacent chart shows how the employment picture actually developed regionally. Note the amount of red in rural areas, including northern Florida, Pennsylvania and many parts of North Carolina—all key states the Democrats lost. In fact, for the entire eastern half of the US, if you didn’t live in an urban area, you didn’t benefit nearly as much from Obama’s job creation efforts. It shouldn’t have come as a surprise that the rural vote, which helped tip the balance of the election, continued to move meaningfully in the Republicans’ favour (see chart). But it was a surprise. The bubble boys weren’t paying attention.

Trump’s behaviour and many of his policies are offensive to me, but, as I’ve noted above, I’m plugging my nose and making an effort to read other perspectives. However, similarly, it’s time for some of the right-leaning readers of this blog to do the same. Start by picking up this Sunday’s New York Times, listening to a bit of Noam Chomsky or—God forbid—watching PBS.

I understand the pain this might cause you, but, as many Americans are about to be reminded over the next four years, life is hard.

Doug Rowat,FCSI® is Portfolio Manager with Turner Investments and Senior Vice President, Private Client Group, Raymond James Ltd.

199 comments ↓

#1 Party on Garth on 01.28.17 at 4:36 pm

Household credit numbers for Canada (to the end of December, 2016):

http://credit.bankofcanada.ca/householdcredit

Business credit numbers for Canada (to the end of December, 2016):

http://credit.bankofcanada.ca/businesscredit

#2 Brydle604 on 01.28.17 at 4:43 pm

Finally a rational voice. Thanks Doug.

#3 For those about to flop... on 01.28.17 at 4:44 pm

I posted this the other day ,but the weekend warriors might now have time to enjoy it.

It is an article charting the U.S economy from 1929 until now.

M42BC

https://howmuch.net

#4 Happy Fran on 01.28.17 at 4:48 pm

How did this blog entry end up a political/social commentary? You might want to stick to the numbers Doug

#5 just a dude on 01.28.17 at 4:54 pm

Doug,

I suspect you’ll be trashed on here shortly but for what it’s worth, great post. Thank you for offering an interesting perspective on what are certainly interesting times. Great charts that help me better understand/appreciate the mindset of those who voted the man in. And I might just start reading Conrad Black’s articles again . . . maybe.

Thanks also for that youtube link. I don’t watch football (no disrespect, I just never got into the sport), but even I can appreciate what an insanely amazing catch that was!

#6 Max Kolesnik on 01.28.17 at 5:02 pm

Very good post!
It would be so refreshing and stimulating to hear more of us understanding and appreciating both sides of currentcontroversial issues, rather than exchanging one-sided volleys that are just plain boring.
Let’s hope your post can spark a richer discourse.

#7 Figmund Sreud on 01.28.17 at 5:03 pm

I’m plugging my nose and making an effort to read other perspectives.
__________________________

Well, … here we go, “other perspective read, … as Damocles’ sword hangs over Trump’s economic program:

“If you really want to know a person, watch what they do, and not what they say … or what they tweet … the rants and twitter storms are part of a strategy of media control and distraction.”

Deep State vs. Donald Trump
https://consortiumnews.com/2017/01/28/deep-state-vs-donald-trump/

F.S. – Comox, BC.

#8 westcdn on 01.28.17 at 5:07 pm

Good post, Doug. Clearly the world is going to be very different come January 2018. I just read that Trump has signed an order to refuse Green Card Holders among others entry to the US – more details to follow. The “vetting” has begun. Dang, Las Vegas was on my bucket list.

I have been buying “insurance” recently. I need a few more basic things. I was thinking of a power saw but got an axe instead as the trees round here aren’t that big and I am not being paid to be productive. I will be buying some bottled water and iodine. An old work acquaintance, who pretended to be Mormon for the sake of his wife, said he didn’t worry about an apoplectic event. If one did occur, he said first steal Mormon church directories…

I have been looking at buying some Index ETF’s put options but I think it is too early. They are easy to buy as a DIY. My instincts tell me things will start turning ugly this summer. Options are very risky so I set up a practice account to learn more about trading them. Trading fees are high but then you get 100x of leverage. I have always divided my consumption patterns into needs or wants. If it was a want, it could wait until I found the right price or a need dropped off my need list to be replaced by a want. That was how I saved a grubstake. It is not easy. Over time every want feels like a need.

#9 ROTFL on 01.28.17 at 5:13 pm

You don’t necessarily need to expose yourself to media you can’t stand. When the New York Times said “It’s Not too Late to Fix Fox News?” I asked ‘huh?’ and a google quickly confirmed that it has over 1/2 the eyeballs in cable news. I doubt Rupert Murdoch considers it broken. Likewise, one can be aware of the ratings of Limbaugh, Hannity, Beck and Levin without actually having to listen to them.

Ed Murrow was from another era. As broadcasters on scarce public airwaves, those few networks were obligated to present ‘balanced’ coverage. Cable and the so-called “500 channel universe” meant an end to the obligation to be balanced on TV, and newspapers have NEVER been balanced, at least in their op-ed sections.

But even partisan broadcast media is on the way out. Here’s the future of politics:
https://antidotezine.com/2017/01/22/trump-knows-you/

Watching what “the other side” sees has become almost impossible, as political messages become microtargeted to individuals based on their psychological makeup.

#10 cecilhenry on 01.28.17 at 5:17 pm

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#11 paul w on 01.28.17 at 5:22 pm

Doug just won me over !

#12 Ret on 01.28.17 at 5:22 pm

The left has not got a lot to offer. Many of us do not live in their Utopian world.

We are trying to balance the budgets of our families and to build a base for them while paying off personal debt, saving for education for our children and trying to put aside a few dollars for retirement or a rainy day.

Rubbish like, “budgets will balance themselves,” and carbon taxes to punish us if we drive to work or start a combine, are at 180 degrees to where we live.

Grants to the artist cabal, who feel compelled to tell us what to think, feel, say and do merely reinforce how little the government truly values our opinions or the hard earned tax dollars that we sent to them.

Hard work, self reliance and thrift along with respect for fellow Canadians are the core values of Canada that the left has forsaken.

#13 Penny Henny on 01.28.17 at 5:27 pm

Like John Travolta’s 1970s ‘bubble boy’, the media and the investment community spent too much time, myself included, isolated from the real-world rise of Donald Trump and populism. We shielded ourselves from the discontent of the rural and middle class voters, focused on (clearly) the wrong data and were smug in our conclusions and forecasts.-Dougie

……..

When one can admit he was wrong it is a sign of confidence and maturity.
Rare on this blog.

#14 Brian Johnson on 01.28.17 at 5:32 pm

At least you can admit that your own biases blinded you. There are many that cannot even begin to understand why the blossoming of the populist movements is happening. I will take your advice and ingest a healthy dose left leaning views.

#15 Rick on 01.28.17 at 5:34 pm

You guys lost. Get over it:)

#16 Penny Henny on 01.28.17 at 5:36 pm

Finally, the Barack Obama–driven economic recovery, which has been so applauded, was actually in many ways quite uneven. While the headline numbers are impressive—a nearly halving of the unemployment rate during his two terms, for example—Dougie

……………………..

Man oh man. How do you and Garth exist in the same office. Opposites attract?

#17 joe socks on 01.28.17 at 5:39 pm

https://www.youtube.com/watch?v=fIJ2PmJfIbQ

trump is just like the simpsons closing up the borders.
I should have been a border security officer =(

#18 Okie on 01.28.17 at 5:59 pm

Doug, Good article, not great. There are much better quarterly letters out there concerning these subjects (politics mixed with finanance/economics).

Most recently, Jeremy Grantham has a superb letter titled “THE ROAD TO TRUMPSVILLE, the long, long, mistreatment of the American working class”. (Who among us knew that a starving, beaten dog would bite. Don’t dogs learn anything from being mistreated for long periods of time.
His cohort, Ben Inker, also has a great letter titled “IS TRUMP A GET OUT OF JAIL FREE CARD”)

Perhaps you can provide a kindly service for your Greater Fool readers by informing them of that great German patriot who publicly critized hitler and was hailed a hero of Germany. Oh yea! There was not any, if there was he was killed. Writing on the wall. READ IT

#19 mortgagebroker on 01.28.17 at 6:01 pm

Hi Doug, as a “rural” Canadian. I can understand why Trump beat Clinton.

Liberal/Democratic policies most usually favour urban centers.

Let’s look at Ontario. GTA votes Liberal, brings in “green” energy program. Stick all the grotesque windmills in the Rural Ridings, Bring the Toronto trash and dump it in the country, let the rural people deal with it. Out of sight out of mind.

To be rural people are forced to have a little bit of an independent/ look after yourself outlook on life.

I used to read the NY times and watch CNN and CBC.

However have now, gulp, I watch/read foxnews, infowars, and wikileaks!!!!

Why?

NY Times, CNN, and CBC are not news anymore.

Propaganda is what they produce, with a rare well written non political article.

California and New York do not encompass the entire USA, take away those 2 huge states and Trump wins in a landslide.

What is my point? Rural / outsiders have a vote and Trump touched a nerve. Clinton is a very dirty old school politician.

The first time i heard Trump do a speech I knew instantly he would win. Why? Clinton is out of touch with the common people.

Kevin O’Leary will win the next election too. He isn’t a dirty man like Trump. But does connect to the common people.

#20 crowdedelevatorfartz on 01.28.17 at 6:02 pm

While I understand the right leaning Trump supporters disgust with the status quo in politics, business and the politically correct agenda that crushes all before it…..

I still cant fathom the cheering and support from the ‘deplorables” that accompanies Trump’s inane , boorish self promotion not to mention the fact that he and his 1% elitist , uber rich, White House staff , come from the very same crème de la crème that the US voters blame for everything that has happened to them….

Cant wait to the first real life crisis that doesn’t go the way Trump and his lickspittle lackeys expect.
The blame will be long and loud and , of course, not Donald’s fault.

His policies are a joke and the repercussions of his ill conceived , poorly thought, 3rd rate, grade school ideas have yet to materialize.

His own Republican Party will remove him from office when it begins costing them voters, financial supporters and becomes embarrassingly apparent that he’s in way, way over even his massive head.

The EU is imploding, Britain has 24 months to get its trade figured out even when most of its qualified negotiator have quit in disgust….

Good luck deplorables ……

#21 AB Boxster on 01.28.17 at 6:10 pm

Good commentary Ryan.

However, your final paragraph regarding right wing readers seeking a different perspective is wrought with problems.

For the past many years anyone looking for balanced reporting from the major media outlets has been sadly disappointed.

During the last Canadian election the CBC did an incredible hatchet job on the Conservatives.
The Conservatives may have deserved some of the blowback, but the media reporting was atrocious.

I’m still waiting to see some more images of dead Syrian children on the beach, but not under a Liberal government. Even though children are still dying daily. It just does not suit the media to show it anymore.

I’m still waiting to hear all the juicy details from all the Canadian scientists who were silenced under the tyrannical Conservative government.

Did you notice that coverage of the Duffy trial abruptly ended the day after the election? Why cover it anymore, the media used to to achieve their ends?

The CBC TV coverage on election night was the most embarrassing thing I have seen in decades.
Listening to David Frum try to provide some intelligent commentary while the two female justice warriors whined and wailed about Nazism and the ‘unfairness of it all’ was pathetic.

The American media was far worse, showing their far left bias and their total disdain for any differing viewpoint.

The problem fundamentally is that the mainstream media has lost so much credibility, that it is impossible to trust them anymore.
There has been a lack of balance and perspective for many years now, and their vilification of any opinion from the right has been unchallenged.

Don’t agree with unfettered abortion?
You must be a misogynistic.

Don’t think that high levels of immigration are a good idea during economic downturns?
Or that foreign money driving up real estate prices is a good thing?
You must be xenophobic.

Don’t believe that any of the carbon taxes or green energy policies that left wing governments are defrauding us with, will contribute anything to solving climate change or protecting our environment?
You must be a climate change denier.

People are sick of the left wing media portraying anything that does not align with their ‘social justice’ view of the world as fascist or deplorable.

The mainstream media had their chance to be fair and balanced.

And they screwed it up.
And you ask us to trust them.

Highly doubtful.

#22 AB Boxster on 01.28.17 at 6:11 pm

My mistake – Not Ryan , Doug.

#23 Marcus on 01.28.17 at 6:13 pm

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#24 Goldie on 01.28.17 at 6:23 pm

Thanks, good post. Sadly, many of the other “bubble boys” have not learned anything and are doubling down on the leftist rhetoric and pushing of identity politics. Many universities are just as bad as the media and deserve to be included in the condemnation. Hollywood, the leftist media, and academia are in league with each other in continuing to push an agenda which was soundly rejected by the working class in the US election. Being the imitators that we are, the sentiment is beginning to drift north.

#25 Pete on 01.28.17 at 6:24 pm

#10 cecilhenry
————————–
I hear you. Funny how trouble in South Africa no longer matters when it’s tens of thousands of Afrikaners being butchered. Where is the outcry? You’d be called a racist, a NAZI, or a hate monger for even acknowledging the ongoing genocide. Go ahead, try making a Facebook post about the terrible plight of the Afrikaners. My wife did and lost about 30% of her Facebook ‘friends’.

#26 Freedom First on 01.28.17 at 6:25 pm

Yes. Rightly or wrongly, Trump got elected as POTUS because the American people believed the policies and leaders in place before Trump to be offensive to them. I called it. But then again, I am not only books smart, I had to go through the school of hard knocks.

Lots of people in the Ivory Tower could not see that for many Americans the trickle down theory was a liquid yellow. And this was just 1 of many reasons.

#27 Doug Rowat on 01.28.17 at 6:26 pm

#4 Happy Fran on 01.28.17 at 4:48 pm

How did this blog entry end up a political/social commentary? You might want to stick to the numbers Doug

Or you won’t read it on Saturdays? Bye.

–Doug

#28 Digby Ditherman on 01.28.17 at 6:27 pm

Rowat’s mea culpa is predictable.

At the turn of all great, and very dangerous downdraft economic cycles, those that have benefited most from various forms of government sanctioned “vig” and “skim” (attributed to so many one sided contracts) will soon become the hunted. Corrupt and vain institutions such as real estate firms that sell you overpriced sheds, insurance companies that really don’t insure you, lawyers that really don’t represent your interests, doctors and their pharma- mafia’s that don’t really heal you, pension planners that really don’t protect your long term needs, and so on will feel the common person’s wrath the most. The hate-on will have a very long list of targets, rightly or wrongly. The social mood has soured.

Hate Trump and all his voters all you want. He is but a predictable symptom of the colossal failure by those in charge to deliver the most basic of civic obligations without, at the same time, stealing half or more of one’s daily labours … just because your a citizen of these 50 poxxy sates of the Union … even if you no longer live or want to live there.

The rubber band of social cohesion has stretched as far as it can go. Payback is looming and it is one angry wrathful bitch.

A tepid or professed change of conviction by the professional and enriched class will not alter this violent counter trend one teeny bit.

Soon, wealth management won’t be in-vogue, but stealth management, trying to hide what little you have left after the wipe out. It will not be about growing your portfolio, but hanging onto dear life for any scraps that will be left after the Trump Tornado and its unintended effects rips through your own hood even if that hood is in Timmins.

The future ain’t what it used to be. The segments of “protected professional society” who overly benefitted from preferential laws over the last 50 years will start to feel the heat of torches and tar barrels now being heated up by the great unwashed. The Great Unwashed have figured out that the system is not their friend and never was.

In our Great White North it will be the angry unthawed masses but we will be a year or three behind our southern brethren.

It will not go down well for this overly enriched class of the wealthy. Angry starving people run faster than rich fat ones. And in this race to the reactionary bottom it will be the fat one’s that will be served for lunch.

#29 liberty leaning on 01.28.17 at 6:27 pm

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#30 Lead Paint on 01.28.17 at 6:29 pm

How can you accept, and then advance, an argument that compares adultery with sexual assault? Did you think that one through? That’s the ‘euge’ difference between Trump and his predecessors, don’t jail birdie Black confuse you. Probably not the right person to be getting moral teachings from anyhow on your ideological walkabout.

#31 Doug Rowat on 01.28.17 at 6:29 pm

#15 Rick on 01.28.17 at 5:34 pm

You guys lost. Get over it:)

So you’ll be watching PBS’s Frontline this weekend?

–Doug

#32 Trumpsbastardchild on 01.28.17 at 6:30 pm

My mommy just told me Donald is my real dad, is he right or wrong for closing certain borders right now? I want to meet my daddy trump.

#33 tkid on 01.28.17 at 6:36 pm

Howard Marks? Thank you kindly for the heads up, Mr. Rowat. His blog is bookmarked.

#34 Learning on 01.28.17 at 6:38 pm

Read Chomsky? Well meaning pap! We need better management, not more ivy league academic rhetoric (no offence). America just got downgraded to a ‘flawed democracy’ by the Economist due to lack of trust in leadership (nothing to do with Trump as this has taken decades). It is unfortunate that Trump had to be the voice, but no-one else stepped up to the issues and valid concerns. I would hope more refined future candidates pick up the baton, but this groundswell ain’t dissipating.

http://www.businessinsider.com/economist-intelligence-unit-downgrades-united-states-to-flawed-democracy-2017-1

#35 MouldyinYVR on 01.28.17 at 6:48 pm

http://www.huffingtonpost.com/entry/donald-trump-netherlands-spoof-tourism-ad_us_58873f1be4b0e3a7356ba58f

In case anyone missed this clip…..laugh along!

#36 AK on 01.28.17 at 7:02 pm

“All true. And this is clearly a mistake I made as I immersed myself in the media coverage of the Trump campaign.”
——————————————————————-
That’s why I stopped watching CNN and MSNBC way before the election.

#37 BobC on 01.28.17 at 7:06 pm

Very well said.
I don’t see how the things he has done so far can be offensive to anybody. Other countries could learn a thing or two.
He said what he was going to do and he’s doing it. That puts him head and shoulders above any other politician I have seen in the last 30 years.
Give it time and Canada will be begging for a Trump type. Your stuck with an Obama type now and he will make things worse.
We’ll see.

#38 AK on 01.28.17 at 7:06 pm

“Streep probably never stopped to consider that some of the greatest writers of our time (Don DeLillo, Ernest Hemingway, Norman Mailer, Joyce Carol Oates, and David Remnick, long-time editor of The New Yorker, to name but a few) love sports”
——————————————————————
Indeed. I would watch a NFL game any day, before I would seat through one of her boring movies.

#39 Pete on 01.28.17 at 7:06 pm

Mortgagbroker “Kevin O’Leary will win the next election too. He isn’t a dirty man like Trump. But does connect to the common people.”

I get it. you are a high school drop out with no real skills cough cough mortgage broker Lmfao “professional” . I get it you don’t want to work in the free and open markets and want a corporate socialist thug like Kevin O’Leary who will benefit realtors , mortgage brokers, and useless bankers.

#40 Looney Baloney on 01.28.17 at 7:08 pm

Doug, congratulations on Manning up and opening your mind to alternate view points.

The issue for a rightwinger like me with a rag like the NYT isn’t their political stance, which I would gladly consider, but rather, their lack of credibility. They say trust is like a glass, once you break it, it can never be put back the way it was before. Recent revelations have shown the nyt, CNN, etc are not completely independent when expressing their viewpoints, are oftentimes merely epousing the viewpoints of their owners, advertising partners or corporate donors, and even go so far as to publish “fake news” to advance or protect their owner’s causes. It is this lack of Independence, and therefore, any credibility, that prevent me from reading their rags.

The MSM got caught with their pants down and are currently suffering from a total lack of credibility. It is this lack of credibility that is driving away their viewership, and there is nothing they can do to out Humpty Dumpty back.

Kudos to you on peeking to the right, but consider reading from alternative sources (like this blog) instead of the MSM right wing news sources to appreciate all available viewpoints. If your experience is anything like mine, the ride will be exhilarating.

A29SK

#41 AK on 01.28.17 at 7:09 pm

“We know that Trump’s no gentleman or role-model husband.”
——————————————————————-
Just the best president since Ronald Reagan.

#42 Looney Baloney on 01.28.17 at 7:10 pm

@Trumpsbastardchild

Your mom is telling you half truths. Trump is one among many possible father’s, although they could never have conceived you the way they were doing it.

#43 Spectacle on 01.28.17 at 7:12 pm

But it’s just that combination of politics, deep state, financial speak, and Garths artful dialogue that brings me here!
Here’s an example of why I come here. An amazing read for those wanting to deeply understand “the other perspective”.

Here’s the future of politics:
https://antidotezine.com/2017/01/22/trump-knows-you/

Thanks Doug, won me over tonight too. Regards Mr Turner as well. Top canadian blog for many reasons . M

#44 InvestorsFriend on 01.28.17 at 7:12 pm

Houses in Bubble or Fair Price

Don said: “A house is worth only as much as someone is willing to pay/leverage and the bank is willing to lend. Things always return to the mean (in relative terms). The bubble cannot be explained by economics (but you can use economic data and try and measure it or the direction it is headed) but it is facilitated by the human ‘group’ thinking…and as group thinking get ridiculous people walk away.”

*************************************
Don’s response to me is a bit contradictory. Houses are worth just what someone is willing to pay and can finance? Okay, in that case they are not in a bubble by definition.

Things always return to the mean? Do they? what does that even mean?

The graph yesterday suggested that house prices are 25% above a 30 year mean average percent increase trend line. But the trend line was flawed as it was not a log chart.

And there are reasons for house prices to be above the mean increase and the reasons are historic low interest rates and the increase in the ease of borrowing.

I agree that in some cities house prices are way over -valued. I also thought that was the case eight years ago when this blog first promoted that idea.

Don’t hold your breath for the 25% average house drop for Canada that Macquarie implied in the graph yesterday.

Sure it could happen, whatever, but I won’t bet on it.

#45 InvestorsFriend on 01.28.17 at 7:13 pm

Rule of 90

My stocks keep gaining faster than my house making me way over-weighted in stocks. What should I do?

#46 Long Branch Apprentice on 01.28.17 at 7:19 pm

Left and Right is a false paradigm forced upon the masses in order to divide them and hence rule them easier.

How about people learn to think for themselves and act as individuals? Nah, easier to resort back to tribalism as to avoid being criticized.

Humans are like electrons, they will follow the path of least resistance, right into the ground.

The MSM news is a joke, from Bel Mulroney’s shit eating Botox grin to CP24’s constant stream of distraction to Peter Mansbridge’s fake tone of caring.

Take a look at the headlines on any given morning and really think about how many of them affect your day to day life.

Television has been the most successful brainwashing tool of all time. And it’s dying, like VHS and short wave radio before it, it will die a death of clumsy obsolescence.

All news is Fake News. Want the real story, take a look around.

https://www.youtube.com/watch?v=bPD6YiBFG1Q

#47 AK on 01.28.17 at 7:20 pm

“(“The Clintons had a net worth of zero when they left office and now they have from $150 million to $200 million. Where does anyone suppose the money came from?”).”
——————————————————————-
Magic ?

#48 Damifino on 01.28.17 at 7:29 pm

…the criticism surrounding Trump’s personal life is righteous and hypocritical given that John F. Kennedy, Bill Clinton, Franklin D. Roosevelt and Dwight D. Eisenhower had themselves less-than-stellar reputations in this area.
————————————-

And don’t forget LBJ, he was a real Texas good-old-boy if ever there was one.

If Meryl Streep had called me first, I’d have strongly advised her against bad mouthing football and MMA. I’m a football fan myself but I have a fair appreciation for what the highbrows think of as “art” too. The two aren’t mutually exclusive sources of enjoyment.

I’m reminded of the time Don Henley publicly dissed the band Rush, bringing serious negative press upon himself for nothing. Same thing. He didn’t call me first. I’d have told him Rush has legions of dedicated (and very vocal) fans. And that’s for good reasons any musician should appreciate. I can enjoy both Rush and Don Henley. Time to widen our horizons a little.

And Conrad Black? He changed my thinking on Trump to a degree too. The old coot is certainly full of himself but I’ve forgiven him for that. I decided to pay more attention to what he says rather than how he says it. (Some overly sensitive folks might need to learn to do the same with Garth).

Rex Murphy also helped me on the Trump front, except I love the way he turns a phrase. His prose leaves Conrad in the dust.

#49 ban in the USA! on 01.28.17 at 7:33 pm

hey garth! question for you.
i keep hearing around the world and from people in canada that its the best country in the world and many great things about it……. if thats true, why isn’t our currency at least in the top 3 for strength?

thanks trannytom

#50 BS on 01.28.17 at 7:34 pm

I’m plugging my nose and making an effort to read other perspectives. However, similarly, it’s time for some of the right-leaning readers of this blog to do the same. Start by picking up this Sunday’s New York Times, listening to a bit of Noam Chomsky or—God forbid—watching PBS.

You do not need to make an effort to read or view the perspective of the left and anti-Trump rhetoric. Search “Trump” in Google News and what percent of the headlines and articles could be considered favorable for Trump? On any given day it will be 99% negative, maybe 1% favorable. Do the same for “Obama” and you get close to the opposite result. You have to look hard to find anything that is favorable to Trump or his policies in the main stream. Other than Fox News you can say the same for any news cast story regarding Trump, any comedy show or as you noted even awards shows can’t resist to attack. No need for anyone on the right to make an effort to hear the lefts perspective. It is shoveled down everyones throats daily, usually with arrogant and condescending tone.

#51 hope & ruin on 01.28.17 at 7:34 pm

Read widely and carry a big stick, I think that’s how the expression goes. Good article, thanks Doug!

I think that the electoral college worked as it was intended by the founding fathers. In that the productive, hard working people of middle America got a voice over the population dense coastal areas, as your infographic shows. Wasn’t that the purpose of it? Except something to do with farming.

On the topic of forecasting vs certainties. Check out the book (if you haven’t already) “Super Forecasting: the art and science of prediction” by Tetlock and Gardner. Discusses how a group of “average-but-not-exactly average joes” did substantially better at predicting various events than some of the most well funded organizations. This is no hocus-pocus, soothsayer predicting either, this is the real-deal, measurable and quantifiable better. A must read given that the Brier Score of this blog isn’t great!! (You’ll get it if you read the book).

#52 Ronaldo on 01.28.17 at 7:35 pm

#2 Brydle604 on 01.28.17 at 4:43 pm

Finally a rational voice. Thanks Doug.
———————————————————–
My thoughts exactly. Was beginning to lose faith in this blog. Thanks as well Doug.

#53 bill on 01.28.17 at 7:39 pm

#24 Pete on 01.28.17 at 6:24 pm
‘ tens of thousands of Afrikaners being butchered.’
could you provide a link?

#54 Jib Halyard on 01.28.17 at 7:41 pm

“Start by picking up this Sunday’s New York Times, listening to a bit of Noam Chomsky or—God forbid—watching PBS.”

Not necessary. Just reading something that so-called “conservatives” like to pay lip service to, like Hayek’s Road to Serfdom, should be enough to make people on the right understand why they too should be concerned about Trump.

#55 When Will They Raise Rates? on 01.28.17 at 7:41 pm

Why would one voluntarily subject himself to propaganda?

#56 ShawnG in TO on 01.28.17 at 7:45 pm

thank you, thank you Doug. wonderful commentary.

finally, technology has give us, the little people, a direct way to learn the truth, bypassing the big cable news.

want to know what potus is thinking? follow him on twitter. why bother with watching news conference on cable tv anymore? while on twitter, follow the independent Journalists who are in Syria, in various regions to get the comprehensive view of Assad “regime”. find other Journalists all over Mid East and all over the world to see what is truly happening.

to them, I use the “Journalist” word in utmost respect.

then, you have the news anchors and other speaking heads who are nothing more than sales people for their “news” shows. interviewing and expensive “experts” to push you their version of “analysis”. with ever shrinking viewership, they are resorted to eyeball grabbing headlines and click bates.

“fake news” and “alt-facts” are their latest buzz words to keep some viewer around. of course, it was never about the facts. rather it is their decades long, completely biased reporting, one-sided presentation that is sinking their reputation and relevancy.

hey Doug, love that quote.

#57 Courage and Poo on 01.28.17 at 7:58 pm

Revisiting fundamentals is good, especially these days. Never before has the disparity between left and right media been greater. Comparing the daily beast and breitbart is like comparing black and white. Although there are noble and humane paths to travel, no one has the right to dictate that path to an other. The left is presumptuous, and the right…, well the right has the presidency, house and senate. I’m just happy we’re not going to war with Russia.

#58 Rockylal on 01.28.17 at 7:58 pm

Sigh! Great post Doug! So many people are terrified of what Trump will do in USA. I’m more terrified that he was elected by almost 50 percent of the American people! Trump is only doing what he campaigned on. If anyone wants to make a difference, start with Trump’s supporters!

There is a swell of support worldwide against “The Establishment” and “The Disenfranchised”. We need to take notice and act accordingly.

#59 Rexx Rock on 01.28.17 at 8:07 pm

Trump is banning Muslims from 7 countries that are known for terrorism havens.I think T2 needs to step up to plate and do the same thing.If refugees come to Canada from the those countries and slip over to the USA and commit terrorrists acts,Canada will suffer big time.Trump doesn’t mess around.He knows anyone can come to Canada very easily and declare refugee status and can appeal after a deportation order for years for free.

Immigrants and refugees make us stronger. You make us weaker. — Garth

#60 The Watcher on 01.28.17 at 8:09 pm

Voting for Trump was middle America’s middle finger to the Republicrat duopoly, its oligarch puppet masters, and the bicoastal “elites” who are actually hedonistic, vacuous scum. Do Deplorables agree with everything Trump says and does? No – but at least he’s finally taking action that reflects the will of the silent majority.

They do not want open borders. They are fed up with being the overflow tank for every Third World cesspool, especially those whose religion makes them implacably hostile to western civilization and values.

They detest globalism and neoliberalism. The Establishment’s “choice” — Hillary Clinton – showed her abject failure to grasp how deeply she and her corrupt crony-capitalist status quo were despised. When the arrogant, unaccountable Powers-that-Be closed ranks against Trump, they unwittingly propelled him to victory, as a vote for him was a down vote to a system that represents only its oligarch donors and patronage and graft networks. Voting for Trump was the ONLY way to register their disapproval of a feckless, heedless Republicrat duopoly.

Does that mean they worship Trump? No. But it does mean they are finished with business as usual – and if the Establishment doesn’t take heed, they will send them an even stronger message in 2020.

…neoliberalism has completely failed as a tool for economic development, but it has worked brilliantly as a tool for restoring power to the wealthy elite.

http://www.newleftproject.org/index.php/site/article_comments/a_short_history_of_neoliberalism_and_how_we_can_fix_it

#61 A belieber on 01.28.17 at 8:11 pm

The same could be said for music Doug! If the oldies on this blog could put away their vinyls for 5 minutes and listen to the latest Bieber album I think they would be pleasantly surprised you should always be exposing yourself to new things.

The new generation has some phenomenal vocals, just remember to turn up your hearing aides!!!!

#62 Spectacle on 01.28.17 at 8:13 pm

#46 AK on 01.28.17 at 7:20 pm
“(“The Clintons had a net worth of zero when they left office and now they have from $150 million to $200 million. Where does anyone suppose the money came from?”).”
——————————————————————-
Magic ?

—————————————
Nope, it’s called “pay to play”. Like how frank Guistra built Uranium one, then sold it to the Russians. Russia now controls most uranium mining in America! Ouch.
Clinton used his private jet , happened to be at dinner with variety of characters etc etc. Magic $100 million to the Clinton sustainable , blah blah blah. All legal. ( ps Shush, Didn’t hear it from me)

#63 A box in the Sky on 01.28.17 at 8:15 pm

#58 Rexx Rock on 01.28.17 at 8:07 pm

Trump is banning Muslims from 7 countries that are known for terrorism havens.I think T2 needs to step up to plate and do the same thing.If refugees come to Canada from the those countries and slip over to the USA and commit terrorrists acts,Canada will suffer big time.Trump doesn’t mess around.He knows anyone can come to Canada very easily and declare refugee status and can appeal after a deportation order for years for free.

——————————————————

Gmafb.

Dual Canadian/Iranian, Canadian/Iraqi, etc citizens being turned away at the US border is disgusting.

If you think that’s acceptable then you’re a vile human being.

#64 Chico on 01.28.17 at 8:17 pm

A humble and well researched blog post, loaded with high levels of objectivity! There must be some sort of prize you’ve earned tonight.

#65 Metaxa on 01.28.17 at 8:28 pm

Reagan: Tear Down That Wall.
Trump: Build That Wall.

Those that identify as to the right politically really need to stop whining about the Left and think…really think about what conservatism used to be. Should be.

I’m an old school Progressive Conservative…which sold out to the Reformers for some helicopter rides and a hot wife…sadly there isn’t a political party or movement right, centre or left that I can get behind today.

I’m just off the centre, most Canadians are, one way or the other.
Until you all manage to get there or at least propel leaders forward who are there we won’t be seeing any brand of Conservative in power in Canada for a while.

#66 For those about to flop... on 01.28.17 at 8:30 pm

#60 A belieber on 01.28.17 at 8:11 pm
The same could be said for music Doug! If the oldies on this blog could put away their vinyls for 5 minutes and listen to the latest Bieber album I think they would be pleasantly surprised you should always be exposing yourself to new things.

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

Hey Beebs ,you know I’m glad there’s some young cats on here ,but if I had to expose myself to new things I would rather choose exposing myself to radiation at Chernobyl…

M42BC

#67 Timmy on 01.28.17 at 8:34 pm

It’s pointless to break down the economic recovery in terms of regions when macro forces are what is driving it. To quote the Economist: “the economy has been good for people who are good with words” and this will not change any time soon. With minor exceptions, gone are the days when people could have high paying long term work with nothing more than a diploma or trade ticket.

#68 BobC on 01.28.17 at 8:36 pm

Give it time. Just give it time.

http://freebeacon.com/national-security/isis-terrorists-infiltrating-canada-suspected-plotting-attacks/

People killed in Canada last year. By cars, 1,912. By terrorists, 0. — Garth

#69 Spectacle on 01.28.17 at 8:36 pm

“#54 When Will They Raise Rates? on 01.28.17 at 7:41 pm
Why would one voluntarily subject himself to propaganda? ”

Bingo: and I give you ………FaceBook! Welcome to Deep Data! Like it or not.

#70 When Will They Raise Rates? on 01.28.17 at 8:39 pm

CNN circa 1990:

https://www.youtube.com/watch?v=jTWY14eyMFg

Operation Mockingbird, CIA Media Control Program:

https://www.youtube.com/watch?v=cDCfTIapds0

Why Ridiculous Official Propaganda Still Works:

http://www.counterpunch.org/2017/01/13/why-ridiculous-official-propaganda-still-works/

Propaganda is 100% legal in the U.S.:

On 12/29/12, President Obama signed HR 4310, the 2013 National Defense Authorization Act. Section 1078 (thomas.loc. gov/cgi-bin/query/z?c112:H.R.4310:) of the bill authorizes the use of propaganda inside the US, which had previously been banned since 1948 when the Smith-Mundt Act was passed.

http://www.maxkeiser.com/2013/06/first-time-since-1948-propaganda-is-now-legal-in-the-u-s/

I’ll pass Doug, thanks.

#71 Timmy on 01.28.17 at 8:40 pm

Re 18 Mortgage Broker

You are not serious about watching Fox news are you? I see it as a form of entertainment

#72 Mortgagebroker on 01.28.17 at 8:41 pm

Pete.

You sound like a liberal trash talking a hard working man.

Here’s some news for ya.

Trump beat clinton
Oleary will learn french and beat trudeau
Brown will beat premier Wynne
Mortgage brokers embrace free markets. Here’s the deal. The government is trying to overregulate the market for mortgages. We can get people a cmhc mortgage or if they dont qualify a home trust mortgage or a private mortgage.

Pete most people ain’t buying their homes in cash. So they are always going to need me.

Show me some love!!!

#73 Pete on 01.28.17 at 8:42 pm

DELETED

#74 AK on 01.28.17 at 8:44 pm

Fake news: Trump has not ordered a “Muslim ban”

http://www.heraldsun.com.au/blogs/andrew-bolt/fake-news-trump-has-not-ordered-a-muslim-ban/news-story/fd2f97aaab966690688ad3b7f3fbb431

#75 Kootenay Hippie on 01.28.17 at 8:53 pm

Excellent blog post Mr. Rowat.

#76 When Will They Raise Rates? on 01.28.17 at 8:54 pm

CIA Funding and Manipulation of the U.S. News Media
Operation Mockingbird was a secret Central Intelligence Agency campaign to influence domestic and foreign media beginning in the 1950s.
According to the Congress report published in 1976:

“The CIA currently maintains a network of several hundred foreign individuals around the world who provide intelligence for the CIA and at times attempt to influence opinion through the use of covert propaganda. These individuals provide the CIA with direct access to a large number of newspapers and periodicals, scores of press services and news agencies, radio and television stations, commercial book publishers, and other foreign media outlets.”

Senator Frank Church argued that misinforming the world cost American taxpayers an estimated $265 million a year.

In 1948, Frank Wisner was appointed director of the Office of Special Projects (OSP). Soon afterwards OSP was renamed the Office of Policy Coordination (OPC). This became the espionage and counter-intelligence branch of the Central Intelligence Agency. Wisner was told to create an organization that concentrated on “propaganda, economic warfare; preventive direct action, including sabotage, anti-sabotage, demolition and evacuation measures; subversion against hostile states, including assistance to underground resistance groups, and support of indigenous anti-Communist elements in threatened countries of the free world.”

Later that year Wisner established Mockingbird, a program to influence the domestic and foreign media. Wisner recruited Philip Graham from The Washington Post to run the project within the industry. According to Deborah Davis in Katharine the Great; “By the early 1950s, Wisner ‘owned’ respected members of The New York Times, Newsweek, CBS and other communications vehicles.”

In 1951, Allen W. Dulles persuaded Cord Meyer to join the CIA. However, there is evidence that he was recruited several years earlier and had been spying on the liberal organizations he had been a member of in the later 1940s. According to Deborah Davis, Meyer became Mockingbird’s “principal operative.”

In 1977, Rolling Stone alleged that one of the most important journalists under the control of Operation Mockingbird was Joseph Alsop, whose articles appeared in over 300 different newspapers. Other journalists alleged by Rolling Stone Magazine to have been willing to promote the views of the CIA included Stewart Alsop (New York Herald Tribune), Ben Bradlee (Newsweek), James Reston (New York Times), Charles Douglas Jackson (Time Magazine), Walter Pincus (Washington Post), William C. Baggs (The Miami News), Herb Gold (The Miami News) and Charles Bartlett (Chattanooga Times). According to Nina Burleigh (A Very Private Woman), these journalists sometimes wrote articles that were commissioned by Frank Wisner. The CIA also provided them with classified information to help them with their work.

After 1953, the network was overseen by Allen W. Dulles, director of the Central Intelligence Agency. By this time Operation Mockingbird had a major influence over 25 newspapers and wire agencies. These organizations were run by people with well-known right-wing views such as William Paley (CBS), Henry Luce (Time and Life Magazine), Arthur Hays Sulzberger (New York Times), Alfred Friendly (managing editor of the Washington Post), Jerry O’Leary (Washington Star), Hal Hendrix (Miami News), Barry Bingham, Sr., (Louisville Courier-Journal), James Copley (Copley News Services) and Joseph Harrison (Christian Science Monitor).

The Office of Policy Coordination (OPC) was funded by siphoning of funds intended for the Marshall Plan. Some of this money was used to bribe journalists and publishers. Frank Wisner was constantly looking for ways to help convince the public of the dangers of communism. In 1954, Wisner arranged for the funding of the Hollywood production of Animal Farm, the animated allegory based on the book written by George Orwell.

According to Alex Constantine (Mockingbird: The Subversion Of The Free Press By The CIA), in the 1950s, “some 3,000 salaried and contract CIA employees were eventually engaged in propaganda efforts”. Wisner was also able to restrict newspapers from reporting about certain events. For example, the CIA plots to overthrow the governments of Iran (See: Operation Ajax) and Guatemala (See: Operation PBSUCCESS).

#77 NoName on 01.28.17 at 8:54 pm

#18 mortgagebroker on 01.28.17 at 6:01 pm

But [K O’L) does connect to the common people.

—-

you should try stand up, i highly recommend book “taping your comedy muse” it’ll help. If you happend not to like comedy try reading some of Daniel Kahneman and Amos Tversky work, i recommend”
1st
Judgment under Uncertainty
2nd
Choices, Values, and Frames

and if you dont like to read watch this.

https://youtu.be/0xc3XdOiGGI?t=13m27s

#78 When Will They Raise Rates? on 01.28.17 at 8:58 pm

#18 mortgagebroker on 01.28.17 at 6:01 pm

I used to read the NY times and watch CNN and CBC.

However have now, gulp, I watch/read foxnews, infowars, and wikileaks!!!!

—————-

That’s illegal, you know – unless you get it from CNN:

https://www.youtube.com/watch?v=7DcATG9Qy_A

#79 TurnerNation on 01.28.17 at 9:09 pm

For LH and the other Schlock Pickers yes with VIX at 10.50 it means time for massive buy program or a sell program.

– Toronto is becoming more dangerous and will decend further into 2nd world gangsterism.
Cannabis/Pot “dispenseries” popping up everywhere a spate of violent robberies are being reported…and not being reported. Like the dog that didn’t bark – why.

This means organized criminals/gangs likely are asserting turf here. How could they not. Cash arms and drugs. World’s oldest businesses. Now on your main street.

#80 WTF? on 01.28.17 at 9:10 pm

Has this blog become Breitbart news? There is actual discourse about white genocide in this thread.

#81 Topher Grace on 01.28.17 at 9:17 pm

DELETED

#82 Erick on 01.28.17 at 9:18 pm

Great post Doug
I wish more influential people in the media had this kind of balanced perspective.
I think the worst issue of our times is that people are unable to put themselves in the shoes of the other side.
This is particularly true for foreign policy – unfortunately…

#83 mike from mtl on 01.28.17 at 9:19 pm

#35 AK on 01.28.17 at 7:02 pm
That’s why I stopped watching CNN and MSNBC way before the election.

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

Even better don’t watch anything or read anything ‘news’ and after a few years you’ll surprisingly discover that nothing actually is different. Unless I am directly told I am totally oblivious to the apparent ‘changes’ happening.

As far as I am concerned, absolutely nothing has fundamentally changed since the late early 2000s.

Even this blog is still part of the white noise since a decade ago. Nothing has actually changed has it?

#84 A belieber on 01.28.17 at 9:26 pm

Hey Beebs ,you know I’m glad there’s some young cats on here ,but if I had to expose myself to new things I would rather choose exposing myself to radiation at Chernobyl…
………………………

Mr. Flop you’re one of the few musuem artifacts I can stand on here at least you figured out imgur! Maybe you would come see Justin Drew in Toronto with me this September? Might change your mind.

I have an extra ticket and the short list of candidates I’ve considered taking are: for those about to flop, bdy sktn’s ivy league bound daughter (don’t tell him), Ryan Lewenza (because he has a porshce and sounds like a good wingman), or smoking man (because he can get me some good drugs).

#85 For those about to flop... on 01.28.17 at 9:32 pm

The Orange Octopuses jacking up of the price of Avocados just before the Guacamole Bowl between the Atlanta Falcons and the New England Patriots could backfire on him.

On second thoughts ,the rural folk prefer the hoof…

M42BC

#86 Joseph R. on 01.28.17 at 9:37 pm

#69 When Will They Raise Rates? on 01.28.17 at 8:39 pm

http://www.maxkeiser.com/2013/06/first-time-since-1948-propaganda-is-now-legal-in-the-u-s/

————————————————————–

Your link points to Max Keiser, an RT (formerly Russia Today) gold pumping talking head. The network is financed directly by the Kremlin and serves to advance Russia’s international interests.

The irony of your post is painful.

#87 Mortgagebroker on 01.28.17 at 9:40 pm

Me again!!!

Ipsoso poll just came out. Oleary already neck and neck with trudeau

O’Leary does connect with the commoners.

Trudeaumania will be dead the next time around..

https://www.google.ca/amp/globalnews.ca/news/3207501/kevin-oleary-justin-trudeau-conservative-leadership-race-poll/amp/?client=ms-android-samsung

#88 Doug Rowat on 01.28.17 at 9:44 pm

#40 AK on 01.28.17 at 7:09 pm

“We know that Trump’s no gentleman or role-model husband.”
——————————————————————-
Just the best president since Ronald Reagan.

It’s been a week. You know nothing yet.

–Doug

#89 northerngirl on 01.28.17 at 9:45 pm

Let’s just get back to investing and real estate. Really.
Doug, I actually did not appreciate your post.

#90 Casey on 01.28.17 at 9:47 pm

Mark Steyn’s excellent CRTV interview with Dr. James Mitchell this past week, is VERY much worth watching, if you are looking for a more informed perspective…

#91 Andrew t on 01.28.17 at 9:48 pm

#10 cecilhenry on 01.28.17 at 5:17 pm
Virtue signalling is no virtue. It’s theft – of people’s lives and sacrifices, their past and future.

I’m not sure who’s plagiarising who, but the guy that stands on the corner all day yelling at the lamppost has this same shtick down word for word.

#92 When Will They Raise Rates? on 01.28.17 at 9:49 pm

#85 Joseph R

Yeah I tried to find a CNN source, but they didn’t report it.

#93 The Totally Unbiased, Highly Intelligent, Rational Observer on 01.28.17 at 9:55 pm

After the initial four years of Donald J. Trump’s presidency, the people of the United States will definitely want to re-elect him for another four years of unbelievably good and wonderful things. The Main Street Media might still try to criticize him every chance it gets, but it will have lost all credibility by then. Nobody will listen to it any more. People will have grown tired of all its ridiculous fibs, and fake news, and scare mongering, and constant complaining, and negativity. The great era of prosperity that Trump will usher in will speak for itself. All the economists laid end to end who still could not come to a right and proper conclusion will see how a highly intelligent man of action like Trump does things. The only thing that will stop shameful politicians from being totally ashamed of themselves and their past uselessness when they see how a real man like Trump does things is the fact that they have no shame.

After the American people have seen what DJT can do in eight years, I think we all know what will come next. I should not even have to say it. But I will say it: The people of the United States will march on the White House and seize Donald Trump by force and crown him King of America for life to the chants of “Long live king Trump!”

Viewed from every possible angle, and considering every imaginable contributing factor under the sun, this is clearly the only logical conclusion that a rational mind can reasonably come to. Anyone who thinks any differently is obviously totally biased, of low intelligence, and irrational. They must be nuts, and the enemies of all good, and traitors to their own people, and kind of scummy, and every other bad thing, with no redeeming features whatsoever, and their mothers probably dress them funny too. So there!

#94 Cow Man on 01.28.17 at 9:56 pm

Amigos:
If you were a rural Ontario resident who go imprisoned in McGuinty’s Greenbelt you would have know long ago why Trump won.

#95 Doug Rowat on 01.28.17 at 9:57 pm

#49 BS on 01.28.17 at 7:34 pm

You do not need to make an effort to read or view the perspective of the left and anti-Trump rhetoric. Search “Trump” in Google News and what percent of the headlines and articles could be considered favorable for Trump? On any given day it will be 99% negative, maybe 1% favorable.

99%, eh. I get a quarter billion hits. You still working your way through them?

–Doug

#96 Figmund Sreud on 01.28.17 at 10:17 pm

Since we are into reading. Snip:

… Trump’s diplomacy, Flynn [ current National Security Advisor to POTUS ] said, operates according to a simple principle: “You start in any negotiation as high and as hard as you can possibly start, and now you go into a conversation.”

The world will have to get used to the fact that the U.S. is now led by a brutal and merciless negotiator — a man who leaves all his options open and whose values are not entirely clear. …

… enchilada at link:

Megalomania & Small-Mindedness
How America Lost Its Identity

http://www.spiegel.de/international/world/letter-from-washington-how-america-lost-its-identity-a-1131294.html

Good luck to us all!

F.S. – Comox, BC.

#97 odious herodias on 01.28.17 at 10:22 pm

Why does this blog continue to perpetuate the myth that employment ROSE under Obama, e.g. “nearly halving of the unemployment rate during his two terms”

Who shives a git about the fictional unemployment rate, i.e. people actively looking for work, haven’t give up in abject failure and now on welfare… Look at the FAR more accurate labour participation rate which fell at least 4 points during Obama’s jobless recovery, i.e. jobs disappeared under the democrat clown.

http://www.tradingeconomics.com/united-states/labor-force-participation-rate

#98 Terry on 01.28.17 at 10:28 pm

Doug ………… Can you please stick with posting about finances or real estate? I can read all the Liberal claptrap from many different media rags everywhere if I wanted. I come to this site to get a perspective on financial and real estate trends not to get a social lesson on backwards left leaning politics! I applaud Mr. Ryan Lewenza for his passion with finances and I share his technical enthusiasm with chart analysis for faster wealth creation. More Ryan Lewenza type material please and less Trump bashing will go far in maintaining a more financially astute readership base.

Want a refund? — Garth

#99 att on 01.28.17 at 10:30 pm

Our grandkids will read in the history books how a billionaire duped an entire nation into believing he was fighting their good fight. Make no mistake, Trump doesnt represent blue collar america .. of course Clinton doesnt either but at least she wasnt fooling anybody. The next four years should be interesting.

#100 Kevin's Fanzone on 01.28.17 at 10:31 pm

Great post Doug. Nice of you to join us private sector taxpayers that make the economy work. You know, like Donald Trump’s fans.

#101 Scully on 01.28.17 at 10:35 pm

Doug,
I just finished watching all three Frontline documentaries on Youtube and found them very insightful. I was surprised to enjoy the last documentary on Trump. I think they portrayed Trump very realistically and were unbiased with footage to back up their arguments. In sum Trump is Smoking Man. ;) Somehow I always knew this… But seriously, I recommend watching them.

#102 Foreign Capital in Victoria on 01.28.17 at 10:50 pm

Oh how ill informed Miss VREU is….

Over a year ago, I warned of the plague of foreign capital in Vancouver and its domino effect – where Vancouver buyers cash out, move to the Island, Interior and Fraser Valley and bid up prices. Foreign capital was also mimicking that route and buying RE in those places.

I told of the changed demographics in Victoria and glut of high end sports and luxury cars that were absent a year ago. As someone that fled the Vancouver market several years ago due to the painfully obvious impact of foreign capital, I have seen first hand what precedes the rise in prices. And guess what – its here in Victoria and it sound like its in TO.

Prices are just up and up and up in little old Victoria and the surrounding communities – over 20% in a multi-year stagnant market. BMO now confirms that it is foreign buyers driving up prices….

Of course, I pointed that out it Miss VREU who cited old 2015 foreign buyer data that only 0.68% of buyers were foreign. I said what until you see the 2016 numbers – and not to my surprise – foreign buyers are now 4.5%.

Any correlation between a massive jump in then number of foreign buyers and a 20% price gain? Was it that locals just realized that there were low interest rates? Was it a surge in jobs and average income in a government town with a smattering of tech and service jobs?

The data is now out and time to take your head out of the sand VREU. And declining sales do not mean anything – there is NO inventory to make a sale – hence declining sales…

Odd, how quiet VREU has become with her ‘the crash is around the corner’ meme. Maybe she left her parents basement and looked at what was actually happening…

Looks like its time to extend the foreign buyers tax throughout the province…

http://www.canadianrealestatemagazine.ca/news/bmo-overseas-buyers-mainly-responsible-for-toronto-victoria-price-growth-220279.aspx

#103 Double D on 01.28.17 at 10:52 pm

Doug Rowat now #red pilled #woke

#104 stage1dave on 01.28.17 at 10:59 pm

An outstanding read, Mr. Rowat!

I thought this election was a great demonstration of what occurs when various groups of people don’t listen to one another.

Trump happens..haha

I don’t see his election so much as a”left vs right” thing simply because those terms don’t mean much to me anymore…because the hypocrisy of most politicians and business leaders has simple rendered the terms meaningless.

Similarily, I don’t see the NY Times as “left wing” or Fox News as “right wing”…I think they’re both full of shit and simply advancing political and societal views their respective owners wish to propagate. For whatever nefarious purposes…

Although most peeps would probably define my worldview as “left wing” or “liberal” I’ve always thought I was somewhat conservative. Literally, btw. Throughout my decades of self-employment, whether it was thru art, mechanics, trades, or dumb luck I’ve remembered something one of my flying instructors taught me decades ago…he said he’d never encountered an airplane that couldn’t be flown nicely with a couple fingers on each hand.

Little corrections, all the time; and lots of ’em! Don’t ever do anything drastic…I try to practice that daily, keeping yer mind open to new ideas and/or ways of doing things is the best way to approach life in general.

Too much damned ideology in the world today. But it’s obviously better for currently entrenched political/economic/military interests to have it that way.

Forget about labels of convenience, and remember that people show what they are by what they do with what they have.

#105 InvestorsFriend on 01.28.17 at 11:08 pm

Trump a Racist?

A Racist is as a racist does. You be the judge.

#106 bill on 01.28.17 at 11:13 pm

#79 WTF? on 01.28.17 at 9:10 pm
I am not sure you could dignify it with the word ‘discourse’….
pete hasnt got back to us about it…and probably wont.
I suspect that if he does it will be from that sort of ‘fake news’ outlet.

#107 BA on 01.28.17 at 11:30 pm

I wish there were stats on 1) education level; 2) income; and 3) IQ for readers/viewers of Fox News vs. the NYTimes. I think I know what the low-income mouth-breathers watch…

#108 John in Mtl on 01.28.17 at 11:48 pm

Hats off to you, Mr Rowat, for showing some humility and taking off the glasses that show a distorted view of things.

Any man who reads some Noam Chomsky is a friend!

You might also eventually appreciate the thoughts and points of view of one John Michael Greer, author of “The Archdruid Report”. He’s a prolific writer and has keen mind. And he also writes incredible fiction – start with his short novel “Retrotopia”.

Have a good weekend!

#109 Hawk on 01.28.17 at 11:53 pm

#79 WTF

========

LOL I was thinking the same thing.

Either Cecil Henry doesn’t understand have a clue what “genocide” is, ………….or more likely his cheese, slid of his cracker a long time ago :-)

#110 WUL on 01.29.17 at 12:07 am

Doug,

All this to and fro about the media matters not a wit. Right/Left, trustworthy/untrustworthy etc. A lot of people are illiterate and of those that are literate, a bunch are stupid.

You did mention NFL football which raises a far bigger issue. Why did the NFL name this year’s Super Bowl after LI, the Premier of the State Council of the People’s Republic of China??

#111 Ponzius Pilatus on 01.29.17 at 12:09 am

Just when I thought that this blog will die from terminal grafus and chartus borus by Ryan Lewanza, along comes Doug.
Thanks Doug, and Garth for being open minded.
Time to call the lease on Ryan’s Porsches.

#112 Stock Picker on 01.29.17 at 12:21 am

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#113 Smoking Man on 01.29.17 at 12:39 am

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#114 InvestorsFriend on 01.29.17 at 12:44 am

Labour Participation Rate?

“Look at the FAR more accurate labour participation rate which fell at least 4 points during Obama’s jobless recovery, i.e. jobs disappeared under the democrat clown.”

*************************************
It’s an awful thing when a country is so rich that another 4% of the adults can’t be bothered to look for work or have retired.

Yes, the unemployment rate declined by HALF under Obama, That is a fact.

If ya can’t get a job in America today you are not trying very hard.

But people believe what they want to. And they seem to get angry at those who disagree.

#115 WUL on 01.29.17 at 12:46 am

“whit” not “wit”, speaking of illiterates….

#116 Boss Hogg on 01.29.17 at 1:03 am

Best article written on this website in a long, long time, if not ever. Thanks for leaving the hubris, arrogance and self righteousness at the door.

#117 jess on 01.29.17 at 1:06 am

that “sucking sound”

Friday, Feb 7, 2014 12:53 PM EST
Anatomy of an economic debacle: How the Fed proposed bailing out Mexico to pass NAFTA
Matt Stoller

http://www.salon.com/2014/02/07/anatomy_of_an_economic_debacle_how_the_fed_proposed_bailing_out_mexico_to_pass_nafta/

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

#118 Damifino on 01.29.17 at 1:13 am

Just a slight reality check here.

About half the border between the USA and Mexico is comprised of the Rio Grande River which winds around and in some places even doubles back. (Take a look on google maps). Technically, the border runs down the centre of the river. No wall will ever be built there.

In addition, much of the Texas section has large elevation changes over rocky terrain. It’s almost as remote and inhospitable as the surface of mars.

No wonder Trump said the Mexicans will pay for it. If he said Americans had to pay they’d take a closer look and realize how stupid and impractical it is. But, if the Mexicans are paying… well… who cares?

Any wall would have to be built on American’s side. It will need to be relatively straight and therefore likely to make parts of American territory difficult to access.

The easy parts of the wall (about 30%) have already been done. Mostly because they were easy. People! It’s a pipe dream… a hideously expensive one to start upon which will be doomed to failure.

I remember when I was a little kid trying to run down the street and get “underneath” the moon. I just didn’t get it. I could get under a street light but the moon moved away from me as fast as I ran toward it.

But, unlike Donald… I eventually grew up.

#119 fake businesses on 01.29.17 at 1:24 am

#95 Doug Rowat on 01.28.17 at 9:57 pm

#49 BS on 01.28.17 at 7:34 pm

You do not need to make an effort to read or view the perspective of the left and anti-Trump rhetoric. Search “Trump” in Google News and what percent of the headlines and articles could be considered favorable for Trump? On any given day it will be 99% negative, maybe 1% favorable.

99%, eh. I get a quarter billion hits. You still working your way through them?

–Doug

===

Nice low blow comment, Doug. Chomsky would not approve.

Everybody knows that it’s not the number of hits, it’s the rankings. Of course, you know that, too.
You are an analyst after all, who can supposedly see through the mirage of quarter billion data noise and discover what’s important.

Unless you live under the rock, you also know that Google just recently decided which 200 web sites are “fake news” sites, just like FaceBook decided to separate “fake news” from “real news”.

Even George Soros, a single private citizen, one of the 7 billions, thinks that his money entitles him to create and fund organizations to decide what’s fake, what’s not.

Not for himself, or for clients, customers – but for the broader society, other citizens, who have no less rights than him.

What a ridiculous idea. What would be the label for that? Oppressive? Megalomaniac? Anti-democratic? Fascist? Stalinist?

Someone should enlighten all of them that it is not their job, business or social mandate to make those decisions for the public.

In fact, they are violating freedom of speech, freedom of expression.

Doing so, they are all in a fake business, claiming fake rights, imposing self-declared, self-serving fake authority over large segment of the population.

Doing so, they are breaking the law.

#120 Balmuto on 01.29.17 at 1:52 am

Is this Trump doing his best impression of Baghdad Bob?

http://www.cnn.com/videos/us/2017/01/28/trump-speaks-on-executive-order-travel-ban-nr.cnn

#121 millenial1982 on 01.29.17 at 1:53 am

Great post Doug, your humbleness speaks of your strengths. To be fair I think the political and the financial posts “trumps” the real estate ones these days so keep it coming. I’m waiting for the day this blog focuses on the Ontario provincial election. Or how about the 300 billion dollar provincial debt.

#122 BS on 01.29.17 at 2:04 am

#68 BobC on 01.28.17 at 8:36 pm
Give it time. Just give it time.

http://freebeacon.com/national-security/isis-terrorists-infiltrating-canada-suspected-plotting-attacks/

People killed in Canada last year. By cars, 1,912. By terrorists, 0. — Garth

Canada would be a better place without cars as we know them for many reasons, but it we banned cars Canada’s economy would plummet and Canada’s standard of living would drop off the charts. If you banned refugees coming into Canada from terrorist nations no one in Canada would notice other than the warm fuzzy CBC stories that make some feel like they are making a difference.

#123 BS on 01.29.17 at 2:09 am

99%, eh. I get a quarter billion hits. You still working your way through them?

–Doug

Just count the first hundred. You must have too much time on your hands counting to 250K. Garth needs to assign more clients your way to keep you more productive.

#124 WUL on 01.29.17 at 2:25 am

Peeps are worried about Trump and his actions. Relax. We survived Rumsfeld and Cheney. This will be a walk in the park.

#125 Cdn Mom on 01.29.17 at 2:42 am

Doug, you’re making the same elitist mistake all over again. Why would you assume right-leaning readers of this blog expose themselves to only right-leaning “journalism”?

As a northern Ontario redneck, past resident of Sherbourne/Bloor, Vancouver, and other parts between, I have always read from all news sources I can find. I believe it is the urban/rural divide that is more likely to dictate political leanings than news source.

#126 mark on 01.29.17 at 3:13 am

I think Chomsky’s more for the bemused observer who thinks both sides are full of crooks and warmongers.

#127 Canis on 01.29.17 at 3:18 am

Garth and Doug — You’re really going to leave #10 cecilhenry up?

Apologies. That comment was missed, now deleted. — Garth

#128 cold-war on 01.29.17 at 5:10 am

One positive note about trump is:

He is uniting the world together

– first the world wide women’s march
– Now the ban on Muslim (world wide protest)

– next will be a ban on the yellow skin
– then the brown skin

– then finally the NON-WHITES other catagory

#129 When Will They Raise Rates? on 01.29.17 at 6:12 am

Hey Doug, check this out:

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

The clip shows Congresswoman Jane Harman talking to MSNBC’s Andrea Mitchell, who was recently slammed for conducting a softball interview with a CIA torture-endorsing lawyer.
The pair were discussing the news that the government-appointed Privacy and Civil Liberties Oversight Board had found that the NSA’s phone spying program was illegal, should be terminated, and had not led to the apprehension of a single terrorist.
“Congresswoman Harman, let me interrupt you just for a moment we’ve got some breaking news out of Miami, stand by if you will,” host Andrea Mitchell states as she cuts off the Congresswoman mid-sentence. “Right now in Miami Justin Bieber has been arrested on a number of charges.”
The video feed then switches to cover the earth-shattering importance of the 19-year-old pop star’s appearance in court.
This is Why MSNBC Has Lost Half its Audience

#130 When Will They Raise Rates? on 01.29.17 at 6:18 am

CNN Admits to Being “the Biggest Ones Promoting” Hillary Clinton’s Campaign

https://www.youtube.com/watch?v=Nc5p5mD08D4

#131 When Will They Raise Rates? on 01.29.17 at 6:29 am

Walter Cronkite receives award from the World Federalist Association. The award is the “Norman Cousins Global Governance Award.” Through a closed-circuit hook-up, Hillary Clinton commends Cronkite for his promotion of a fascist one-world government.

https://www.youtube.com/watch?v=heegk07026I

#132 Leo Trollstoy on 01.29.17 at 6:42 am

Thanks to Democrats, Trump can build the wall. Obama, Biden, Clinton, Schumer and Feinstein all voted in favour of a border wall.

http://www.investors.com/politics/commentary/president-trump-gets-his-wall-thanks-to-democrats/

#133 When Will They Raise Rates? on 01.29.17 at 6:49 am

An oldie, but goodie.

“A Banned Segment from Saturday Night Live: The 1998 Robert Smigel animated short film “Conspiracy Theory Rock”, part of a March 1998 “TV Funhouse” segment, has been removed from all subsequent airings of the Saturday Night Live episode where it originally appeared. Michaels claimed the edit was done because it “wasn’t funny”. The film is a scathing critique of corporate media ownership, including NBC’s ownership by General Electric/Westinghouse.”

https://www.youtube.com/watch?v=z3JLKw0q4kY

#134 When Will They Raise Rates? on 01.29.17 at 6:58 am

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#135 Reply to #93 on 01.29.17 at 6:59 am

Are you a sillographer, sir? That was a satirical piece you wrote, wasn’t it?

How many class-action lawsuits have been filed against Trump? Will he settle them all? Does he dare set foot in a courtroom and risk perjuring himself? Will perjury get him impeached?

“Every nation gets the government it deserves.” – Joseph de Maistre.

#136 Leo Trollstoy on 01.29.17 at 7:04 am

I don’t mean to preempt any anti-Trump circle jerk re:”muslim ban” buy I would like to point out that Trump didn’t pick these countries. These countries were selected under the Obama Administration.

http://edition.cnn.com/2017/01/28/politics/text-of-trump-executive-order-nation-ban-refugees/

The Executive Order itself doesn’t mention any country except for Syria. The Department of Homeland Security picked these countries over the last few years as “countries of concern”.

[Source from a year ago]
https://www.dhs.gov/news/2016/02/18/dhs-announces-further-travel-restrictions-visa-waiver-program

The Department of Homeland Security today announced that it is continuing its implementation of the Visa Waiver Program Improvement and Terrorist Travel Prevention Act of 2015 with the addition of Libya, Somalia, and Yemen as three countries of concern, limiting Visa Waiver Program travel for certain individuals who have traveled to these countries.

The three additional countries designated today join Iran, Iraq, Sudan and Syria as countries subject to restrictions for Visa Waiver Program travel for certain individuals.

Let’s all be correct in our criticism and not make assumptions.

#137 When Will They Raise Rates? on 01.29.17 at 7:27 am

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#138 When Will They Raise Rates? on 01.29.17 at 7:39 am

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#139 When Will They Raise Rates? on 01.29.17 at 7:45 am

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#140 When Will They Raise Rates? on 01.29.17 at 7:50 am

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#141 Crazyfox on 01.29.17 at 7:58 am

Hi Garth.

Who’s running the U.S. government? Are the Republicans run by rich billionaires in all three branches of government? It appears so. There’s no left or right anymore, its all a mirage… the Republicans that control all three houses are run by oligarchy’s now:

https://en.wikipedia.org/wiki/Oligarchy

The ideologies and interests of these billionaires are the policies that the Republicans represent now. Lets give these Oligarchies names. At the top of the short list of billionaire that run the U.S., there is very little Republican policy that is out there that the Koch brothers haven’t engineered themselves or signed off on for their own self benefit and here’s why:

https://en.wikipedia.org/wiki/Koch_Industries

Koch industries is the 2nd largest privately owned corporation next to Cargill. They own the largest privately owned refineries in Texas and refine 25% of the oil coming from Canada’s tarsands (explains why Keystone is of interest, and why Trump wants a 25% oil tax that leads to cheap oil for Koch Industries, one of many policies Koch brothers are pushing).

Koch industries are run by two brothers, said to be worth around $84 billion between them. In 2016, news articles have claimed that the Koch brothers through these organizations and their own donations contributed almost a billion dollars in the 2016 presidential, congress and senate elections. In 2012, the Koch brothers spent roughly $ 400,000,000 through the election cycle, an off year for them.

It is said that you can’t run as a Republican without their support. Why were the Republicans climate change deniers since forever and lately accept climate change but are pushing the idea that human caused climate change is still under debate, another spin of denial? Because of the Koch brothers who have been contributing to Republican campaigns for several decades now.

Charles and David Koch have been involved in, and have provided funding to, a number of other think tanks and public policy organizations: They provided the initial funding for the Cato Institute, they are key donors to the Federalist Society,[58] and they also support, or are members of, the Mercatus Center,[59] the Institute for Humane Studies,[59] the Institute for Justice,[60] the Institute for Energy Research,[61] the Heritage Foundation,[62] the Manhattan Institute,[62] the Reason Foundation,[59] the George C. Marshall Institute,[63] the American Enterprise Institute,[63] and the Fraser Institute.[64][65] As of 2015, David Koch sits on the board of directors of the Cato Institute,[66] the Reason Foundation and the Aspen Institute.[67] A 2013 study by the Center for Responsive Politics said that nonprofit groups backed by a donor network organized by Charles and David Koch raised more than $400 million in the 2011–2012 election cycle.[61]

A quick example is the Heritage foundation, which helped lead the Trump transition to power and here’s what’s coming up for Americans according to them.

http://www.msn.com/en-ca/news/politics/trump-team-prepares-dramatic-cuts/ar-AAm1iWe?li=AAggNb9&ocid=UE07DHP

– the end of earth sciences at NASA (close to $ 2 billion in annual government funding), science studies that follow and verify climate change and humanities influence on climate change.
– serious cut’s to the NOAA (for the same reasons, gives credibility to humanities role in green house gases that cause climate change)
– major cuts to the EPA, along with major deregulation to greenhouse gas emissions for power generation, refineries and gas mileage standards on manufactured cars and trucks will be lowered. All funding and subsidies towards clean energy will end.
– PBS will be privatized, likely before the end of 2017.
– Any form of public health care will end.
– public schools are to be privatized, likely after 2018 congress elections if Congress is Republican dominated.
– wages will be frozen on all government union employees (already happened) and non union wages will be rolled back.
– a long host of programs that protect minorities and human rights will end (read link above for some specifics).

Economically, federal taxes will increase for lower and middle incomes while taxes will decrease for the top 1% wealthiest. Corporate taxes will be lowered to 20% fed/state combined for the largest net income earners and international earning will be non taxed. These are big changes. Unless there are major cuts to social spending, the drop in tax revenue will lead to much larger deficits which I think will happen regardless of how much spending is cut on social programs. Trump, or should I say, the Koch brothers want to increase military spending and avoid military wars for now… while getting NATO nations to spend more.

So who are the losers? Consider what will happen with a U.S. trade war with China, Mexico, Europe or Canada or all 4. What happens with tariffs on U.S. imports is higher inflation in the U.S. that leads to higher interest rates for the entire western world including the U.S. rates could go up dramatically if trade wars surface so what we have to ask ourselves is this. Is it in the best interests of the U.S.’s richest billionaires such as the Koch brothers and Trump and another half dozen billionaire ministers? It is if they know high interest rates are coming ahead of time, are cash heavy and low on debt. Billionaires in this scenario would clean up expanding market share quickly in just a few short years.

Consider for a moment what any chunk of real estate will be valued at commercial or otherwise with a 4% interest rate and within 3 years, a 10% interest rate. How much does it devalue… 30, 40, 50%? More?

Donald Trump, surprisingly with very little in loans, along with his entire cabinet and billionaires that back them all such as the Koch’s, as long as they are cash heavy and loan light, will benefit the most as they are the ones that sell bonds and RE before rates rise and buy back in when assets are cheap or feel the least amount of impacts with low debt.

Industry and oil benefits from deregulation at everyone else’s expense including Canada. There is no left or right anymore, only propaganda that’s bought and paid for by U.S. billionaires tell us it is so. The only game in the U.S. is how billionaires make more billions faster. Who pays for it is unimportant to them. The U.S. is ruled by oligarchies who don’t have anyone else’s best interests at heart other than their own. The result is what we’ve had and continue to see every day. Its why our governments and institutions fail humanity and come up short.

http://therealnews.com/t2/index.php?option=com_content&task=view&id=3021

Trump? He’s a demagogue:

https://en.wikipedia.org/wiki/Demagogue

And a gas lighter:

https://en.wikipedia.org/wiki/Gas_lighting

Someone short on morality and long on greed but by no means should anyone fool themselves into thinking Trump works alone. Trump has his billionaire friends including, it seems, the most successful criminal of this century (Putin, but that’s for another long winded post) and concerning money specifically, they all have one mind.

As you can see Garth, its why I like to stay behind the scenes now. Too much information. I guess… the best way to put it is this. Too many of us, not just billionaires lost in worship of the golden calf but anyone lost in the false construct of superior/inferior that feeds every form of discrimination known:

https://en.wikipedia.org/wiki/Discrimination

…too many of us are lost in this superior/inferior false reality, this false illusion, false construct that we create for ourselves and as such, we simply end up lost. Lost in inequality and the conflicts it breeds within and outside of one’s self, lost in ignorance, lost in our refusal to recognize our own individual and everyone else’s universal birthright.

Our choices are mainly defined by health: mental, emotional, physical and spiritual. If our health suffers in any of these areas, we will make bad choices. Its not a question of superior/inferior of which all forms of discrimination are based, its a question of health. It is why, from the perspective of a healer, one can so quickly forgive while the other perspective of superior/inferior is so quick to judge and condemn. But try, just try to teach this perspective to a billionaire like Trump, to get a billionaire to give up his/her sense of superiority to be no more or less important than the next individual…. to give up self worship and/or condemnation for good health!

As the old saying goes, “you can have all the money in the world but if you don’t have your health, you’ve got nothing”. Its true.

Best wishes Garth

#142 ROTFL on 01.29.17 at 8:24 am

#107 BA — “I wish there were stats on 1) education level; 2) income; and 3) IQ for readers/viewers of Fox News vs. the NYTimes.”

Of course there are (except for IQ, you have to infer). All these media outlets sell advertising, and their advertisers want to know about their demographics, so they commission surveys.

http://www.people-press.org/2012/09/27/section-4-demographics-and-political-views-of-news-audiences/

#143 Doug Rowat on 01.29.17 at 8:44 am

#123 BS on 01.29.17 at 2:09 am

99%, eh. I get a quarter billion hits. You still working your way through them?

–Doug

Just count the first hundred. You must have too much time on your hands counting to 250K. Garth needs to assign more clients your way to keep you more productive.

Just the first hundred? It might be more productive for me to watch highlights of the Federer / Nadal final. It’ll be more productive for you to Google numerical abbreviation “MM”.

–Doug

#144 Koop Aid on 01.29.17 at 8:55 am

Fake news, one sided views, what else is new… not the financial house of cards everyone is standing on.

“Paper, get your paper here, mortgages, credit, business, auto loans here, get your paper.”

Watch the Fed, who cares what one media agency thinks over another, watch the Fed, the poor have been duped & bound, the middle levered, exhausted on the wheel, the rich, well, get ready, populism is real, Trump rules with a stick, protect your carrots, the US worker is holding a FANTASTIC hand.

#145 AK on 01.29.17 at 8:56 am

#88 Doug Rowat on 01.28.17 at 9:44 pm
#40 AK on 01.28.17 at 7:09 pm
“We know that Trump’s no gentleman or role-model husband.”
——————————————————————-
Just the best president since Ronald Reagan.

It’s been a week. You know nothing yet.
–Doug
—————————————————————-
Bill Clinton made it through 8 years. Yikes !!!

#146 TurnerNation on 01.29.17 at 9:03 am

The truth is right there in the open. There is no Us and Them. Never was.
If anyone wonder why USA – “a beacon of hope and democracy” – never has “liberated” the tiny undefended island of Cuba after all these years but instead punished its people via sanctions all the while maintaining a concentration camp (Gitmo) there…

The answer is USA now is the same: also ruled by a brutal military dictatorship; full employment for all – at a govt. minimum wage.

“They pretend to pay us, we pretend to work.”

Nothing changes.

#147 Randy on 01.29.17 at 9:18 am

Since virtually every government statistic that is regurgitated by the Media Party in Canada is false or misleading, you will need a lot more that you think if you ever want to retire. Liberalism and Globalism will destroy everything.

Hey, Doug. You sure attracted the tinfoilers this time… — Garth

#148 jay on 01.29.17 at 9:40 am

Mexican’s are getting ready for the wall. http://i.imgur.com/aBM8xHG.gifv

#149 conan on 01.29.17 at 10:09 am

“it’s time for some of the right-leaning readers of this blog to do the same”

Not sure “right leaning” is the correct term. I consider people like Garth right leaning, but firmly planted on the progressive side of conservatism.

Reality is this though, there are an uncomfortable amount of Canadians that are beyond “right leaning.”

We were on a one way ticket to fascism with Harper. Canadians woke up to this and voted his Party out. It took Greens and NDPs to vote Liberal, but they did it.

Now America is on this ticket with Trump. Problem is, the USA is one dangerous country. If we see a sudden rise in hate crimes in Canada that means somebody somewhere is funding these groups.

Destabilization 101, and we could be on the menu.

#150 crowdedelevatorfartz on 01.29.17 at 10:09 am

@#89 northerngirl
“Let’s just get back to investing and real estate. Really.
Doug, I actually did not appreciate your post.”
********************************************

Your refund is in the mail.

#151 First Amendment Rights on 01.29.17 at 10:10 am

“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people to peaceably assemble, and to petition the Government for a redress of grievances.” – First Amendment to the U.S. Constitution

#152 crowdedelevatorfartz on 01.29.17 at 10:10 am

@#21 AB Boxster

Very well said.

#153 genbizx on 01.29.17 at 10:11 am

good post…seems that if we tried to understand the “other side” we might be less inclined to slap labels on and stereotype that other side. ie. right leaning does not mean white, xenophobic, uneducated, blue collar, unsophisticated etc. and rural does not mean the same..
left wing similarly does not mean snobby, head in the clouds, going along with whatever is perceived to be the latest most enlightened thinking, dismissing any idea that comes from someone living outside of toronto, etc.

there really is no right wing voice in this country which may be why anyone listening to any media in canada could not fathom trump winning. we are the size of a big us state and with a smaller gdp than l.a or new york city but we like to think that a couple outlets in toronto constitute a national level media. really, media in canada speaks for 6 or 7 million people in toronto and maybe vancouver but nobody else. it shouldn’t be surprising that media here is completely agenda driven and not about simply reporting news with differing points of views represented.

#154 Ret on 01.29.17 at 10:17 am

Junior’s off to Van to celebrate Chinese New Year. After all, he missed spending New Years in Canada with Canadians as he was with more important people.

I really want some photo-ops on the 11 o’clock news of him handing out those red envelopes with cash to his Chinese friends!

To be fair, some pipeline debates are to happen as well. In the recent public forum on this issue, the pipeline protesters came across as totally rude, irrational nut bars.

Canadians respectfully present their concerns/questions and let others have the opportunity to respond to their concerns/questions. Neither courtesy was displayed to JT by protesters.

This pipeline mob needs to be vetted and outed so that we can find out who their organizers are and what groups are funding them.

The CBC and other MSM types need to be asking these questions and not just handing over a microphone to let them spew.

If a protester won’t give their name or answer any questions about their involvement, the interviewer should be asking why they are refusing to do so and move on.

“Hey, nice professionally done protest poster. Who gave you that? Oh, you got it on the bus………” It’s called investigative news, and it isn’t really that hard!

#155 Victor V on 01.29.17 at 10:26 am

Rational analysis of Trump’s controversial EO on refugees, from the man who considered a 3rd party run against him.

http://www.nationalreview.com/article/444370/donald-trump-refugee-executive-order-no-muslim-ban-separating-fact-hysteria

#156 Doug Rowat on 01.29.17 at 10:29 am

#147 Randy on 01.29.17 at 9:18 am

Since virtually every government statistic that is regurgitated by the Media Party in Canada is false or misleading, you will need a lot more that you think if you ever want to retire. Liberalism and Globalism will destroy everything.

Hey, Doug. You sure attracted the tinfoilers this time… — Garth

I’m going back to investment ideas. It’s safer.

–Doug

#157 Chico on 01.29.17 at 10:52 am

#156 Doug Rowat on 01.29.17 at 10:29 am

#147 Randy on 01.29.17 at 9:18 am

Since virtually every government statistic that is regurgitated by the Media Party in Canada is false or misleading, you will need a lot more that you think if you ever want to retire. Liberalism and Globalism will destroy everything.

Hey, Doug. You sure attracted the tinfoilers this time… — Garth

I’m going back to investment ideas. It’s safer.

–Doug

____

And miss out on all the “suck up” comments about how we think you’re the greatest? Safe is dead Doug. Keep putting your heart out on the line and feel the love :)

#158 Randy on 01.29.17 at 10:57 am

The U.S. is bankrupt and has been performing silent defaults on their Debts for 15 years. They should pull the plug, restructure and Kill the Fed.

#159 Euro observer on 01.29.17 at 11:12 am

Looking for more debt slaves apparently

https://ca.yahoo.com/news/justin-trudeau-promises-welcome-refugees-223546671.html.

#160 Keith in Calgary on 01.29.17 at 11:17 am

Doug….

By suggesting that some of us should read left wing perspectives only proves how truly and totally out of touch and indoctrinated you are with leftist group think.

You don’t need to read it when you’ve lived it and seen its effect’s first hand.

How on earth do you think Trump got elected ? Your smug sense of intellectual superiority makes me proud to be deplorable.

#161 streept throat on 01.29.17 at 11:24 am

Just watched “Escape from LA” again…..could this movie be a sign of the future….with Canada thrown in as a walled off-renegade province….lead by Garth “Cuervo” Turner???

#162 girlpower on 01.29.17 at 11:26 am

#150 crowdedelevatorfartz on 01.29.17 at 10:09 am

@#89 northerngirl
“Let’s just get back to investing and real estate. Really.
Doug, I actually did not appreciate your post.”
********************************************

Your refund is in the mail.

Misogynist pig comment.
Spend some time out of the elevator.

#163 chapter 9 on 01.29.17 at 11:27 am

Trump just enacted Section 212(F) of the Immigration and Nationality Act of 1952. Is he the only president to ban/suspend/deport/cancel visa’s. Nope!
Where were the protesters and the media when President Obama used this statute 6 times while president. In fact every president before Trump has enacted this legislation. George W Bush 6 times,Bill Clinton 6 times,George H.W. Bush one time, Ronald Reagan 5 times, Jimmy Carter one time.

#164 uen on 01.29.17 at 11:31 am

some of them incline toward tin foil Garth but don’t make the mistake of stereotyping….it’s easier to think brexit and trump were just the result of ignorance and xenophobia but there is something more at work here

Of course there’s something more. People are voting for disruptors. The consequences are unlikely to be what they expect. — Garth

#165 Trump & Koch Bros on 01.29.17 at 11:35 am

#140 Crazyfox

You are spot on with your observations on the Koch brothers.

I am not sure though that Trump and Koch Bros are tied together the way you (and many others) are suggesting it.

http://www.breitbart.com/big-government/2017/01/02/kickng-money-out-of-politics-trump-boots-koch-brother-from-golf-course/

We can speculate if the story is just a smokescreen, but the Koch Bros have big egos to play the “loser” role.

More importantly:

http://time.com/4652743/donald-trump-koch-brothers-400-million/

“… they sat out the White House race because neither Trump nor Hillary Clinton excited the billionaires.

“We couldn’t get comfortable with either candidate,” said Mark Holden, a longtime Koch aide who leads the policy and political network.”

Your observation about health is indisputable and timely reminder to put everything in context – thank you!

#166 Balmuto on 01.29.17 at 11:40 am

“#132 Leo Trollstoy on 01.29.17 at 6:42 am
Thanks to Democrats, Trump can build the wall. Obama, Biden, Clinton, Schumer and Feinstein all voted in favour of a border wall.

http://www.investors.com/politics/commentary/president-trump-gets-his-wall-thanks-to-democrats/

Well then that changes everything! Did they also vote to blackmail and extort money from Mexicans to pay for the wall? Because I need an excuse to look the other way on that one, too.

#167 Brian Gordon on 01.29.17 at 11:58 am

To DOUG,

by far one of the best post I’ve read in my 5 or 6 years on this blog.

#168 crowdedelevatorfartz on 01.29.17 at 12:04 pm

@ When will they raise the rates?
Deleted
*******************************************

I think your computor has a virus.
Everything is “Deleted”

Then again.
Maybe thats a good thing

#169 westcoaster on 01.29.17 at 12:10 pm

Noam Chomsky is, indeed, an enlightening and intelligent alternative viewpoint (as is Edward Snowden by the way). Interesting that Noam Chomsky and PBS are in the same sentence as NPR (basically PBS’s radio sister) has allowed Dr. Chomsky very little air time over the years. In fact, some years ago, when Chomsky was to be on a 5 minute clip, the day his interview was to appear the powers-that-be up the food chain got word of the interview and, during the 5 minutes, there was music. No Chomsky. Demonstrates, I think, how intimidated even the left-leaning media are in N. America when it comes to free speech and alternative points of view even when presented in an even, thoughtful manner.

#170 OttawaMike on 01.29.17 at 12:23 pm

Doug/Garth

You need to hire better commenters.

#171 Smoking Man on 01.29.17 at 12:26 pm

Understand model error before you use a model 

To talk the talk you also need to walk the walk

How to do risk analysis without the nonsense

When and if we model, we go from reality to models not from models to reality

Take risks you understand, don’t try to understand risks you are taking

#172 Doug Rowat on 01.29.17 at 12:34 pm

#160 Keith in Calgary on 01.29.17 at 11:17 am

Doug….

By suggesting that some of us should read left wing perspectives only proves how truly and totally out of touch and indoctrinated you are with leftist group think.

You don’t need to read it when you’ve lived it and seen its effect’s first hand.

How on earth do you think Trump got elected ? Your smug sense of intellectual superiority makes me proud to be deplorable.

Ryan and I with our lefty views. Yet here you are again on the weekend. Must be torture. Glutton.

–Doug

#173 NoName on 01.29.17 at 12:35 pm

Must Watch !!!

https://www.youtube.com/watch?v=wO3u95QHY4w

#174 BS on 01.29.17 at 12:41 pm

#143 Doug Rowat on 01.29.17 at 8:44 am
#123 BS on 01.29.17 at 2:09 am

99%, eh. I get a quarter billion hits. You still working your way through them?

–Doug

Just count the first hundred. You must have too much time on your hands counting to 250K. Garth needs to assign more clients your way to keep you more productive.

Just the first hundred? It might be more productive for me to watch highlights of the Federer / Nadal final. It’ll be more productive for you to Google numerical abbreviation “MM”.

–Doug

Doug, please stick with selling mutual funds. You are not helping your career any.

Doug does not sell mutual funds. Or anything else. — Garth

#175 Looney Baloney on 01.29.17 at 12:43 pm

137-140 @When Will They Raise Rates?
Congratulations, that’s got to be some kind of blog dog record son

#176 Herb on 01.29.17 at 1:08 pm

Doug,

thank you for a rare voice of reason in what used to be a kennel but has become a zoo.

On the performance of the media, there is a guide for the perplexed. You might at least read the conclusion –

http://www.medialens.org/index.php/alerts/alert-archive/2016/832-filtering-the-election.html

#177 AB Boxster on 01.29.17 at 1:10 pm

#59 Rexx Rock on 01.28.17 at 8:07 pm

If refugees come to Canada from the those countries and slip over to the USA and commit terrorists acts,Canada will suffer big time.

Immigrants and refugees make us stronger. You make us weaker. – Garth

————————————————–
I think Canada does a pretty good job of vetting its immigrants so there should not be a big concern.

Refugees are a bigger concern as it can be difficult to vette those coming from war zones. The Liberal promise to bring in 30K refugees from Syria was concerning not from a racist or xenophobic perspective, but due to the fact that it was a purely political ploy designed to pander to the left wing Canadian electorate, who showed their 7 minute moral outrage at the pragmatic policies of the Conservatives. (Who brought in the same number of refugees on an annual basis)

Nothing defines a Liberal better than playing politics with suffering peoples lives.

Garth your sweeping comments about immigrants and refugees sounds a awful lot like bonehead
T2’s comments: ‘Our strength is in our diversity’ which is utter nonsense.

Strength is not based upon ethnic background, or color, or sexual preference or gender. It is based upon individual character, morals and beliefs.

To say that bringing in refugees makes a country stronger, is a blanket statement that cannot be proven.
I would suggest that welcoming anyone (refugees, immigrants, etc) who believe in western values of ‘classical liberalism’ and who choose to uphold the social values and laws of Canada, is a good thing.

Bringing in unvetted people, who do not hold these values, is not such a good thing.

So again, its not about whether they are in the refugee or immigrant identity group that makes them worthy of coming to this country. It is their individual character, beliefs and ethics.

European countries, who have been allowing mass migration of unchecked immigrants and refugees are learning the hard way on this.

While adhering to the leftist mantra that all immigration and open borders is a good thing, they have abandoned the common sense knowledge and are seeing the results that unfettered and unvetted, and uncontrolled immigration is not a good thing.

And consequently, many of these liberal and welcoming countries are experiencing the results of their poorly conceived benevolence.

Not the least is the decline of the political parties that actually believe in their utopian societies, and are convinced of there moral goodness and superiority, regardless of the actual impacts on the day to day lives of the people they govern.

As to the Americans, Trump has put a temporary travel ban on immigration from specific countries.
This in order to make sure the proper vetting (‘extreme vetting’ I think he said) is in place so that they can try to ensure that the immigrants and refugees that do come to America are not terrorist.

And as the primary job of the President of the US, is to ensure the safety of US citizens, a temporary ban sounds like a pretty pragmatic idea.

Of course there are those polarized groups on either side, that will say that uncontrolled immigration and refugees is good, well just because.

And others who will say that all immigration is bad.

The truth, as always, is somewhere in between.

I said immigrants and refugees make us stronger. Prejudiced natives make us weaker. Canada does not import unchecked masses of people. We already have what seems to be a balanced approach. So your comments are interesting but irrelevant to my words. — Garth

#178 Figmund Sreud on 01.29.17 at 1:21 pm

I’m going back to investment ideas. It’s safer.

–Doug
____________________________

Might as well, … no point to have work ourselves up to the screeching point about still quite mild set of econopolitic events we’ve observd so far. Instead, let’s just save some of our breath for the times directly ahead, …

… it will not be a too, too long await!

Aside: … more reading material:

Trumping Capitalism?
https://www.ineteconomics.org/perspectives/blog/trumping-capitalism

F.S. – Comox, BC.

#179 crowdedelevatorfartz on 01.29.17 at 1:23 pm

@#162 Gyrlpowah
“Misogynist pig comment.”
********************************************
Apparently irony escapes you….

But I digress
You’re wrong.
I just hate all whiners equally.

#180 Crazyfox on 01.29.17 at 1:27 pm

#165 Trump & Koch Bros on 01.29.17 at 11:35 am

David Koch arrived at the club with 7 or 8 others, one of them being a journalist that wrote a story Trump didn’t like so the journalist got the boot within 15 minutes of arriving, but the rest that showed up at the course including David Koch stayed and Koch was playing golf within an hour with Trump.

Breithart is propaganda, nothing has changed with them, still fake news. As far as the rest goes, look at policy itself. Familiarize yourself with what the Koch brothers have lobbied for in government for decades (not just in the U.S., but in federal governments in Canada and in provinces like Alberta and Saskatchewan) and how much closer they are to getting it now with 3 branches of government being Republican. Changes will be swift.

We are about to see dramatic cuts to social spending in the U.S. along with dramatic tax decreases for the 1% who think it will fly with the belief in a stronger economy. We are about to witness major environmental deregulation, banking deregulation and tremendous changes in trade taxation. The Koch’s, along with the rest of the billionaires who supported Republican governments through their elections and re-elections, will be the one’s who benefit the most.

Even flagrant anti-immigration laws and executive orders from Trump benefit the Koch’s if it can help maintain their control over the white house, senate and congress. To them, strong borders is a side show, a reason for trade tariffs that they will directly benefit the most from. All that matters to them is holding power to make more money.

http://abcnews.go.com/Politics/koch-brothers-network-encouraged-president-trump/story?id=45125079

#181 Doug in London on 01.29.17 at 1:37 pm

Well, I guess it’s my turn to post a comment. Has anyone noticed the job gains have been in cities, and in places of new economy jobs like Silicon Valley? I have to break the news here that isn’t just an American thing. It’s happening here in Canada and all around the world for that matter, even in the emerging market countries like India and China. Meanwhile, in older economy fields like manufacturing, mining, and forestry more jobs are being lost to automation than are outsourced to countries like Mexico or China. The same thing happened with farming about 100 years ago. Donald Trump, or any other president or prime minister can’t stop that from happening. For years we were told that for every job lost another one would be created elsewhere. That was true for most of the twentieth century, but doesn’t appear to be the case now. Governments have tried to hide that by fudging the unemployment figures, such as not counting anyone who has given up looking for work, to make things look better than they are. What’s the solution? I don’t know but probably part of it could be job sharing, everyone working fewer hours. Another idea proposed is the guaranteed minimum income. That’s being tried in Finland now. We would be wise to watch closely to see how well or poorly it works before even thinking of trying it here.

Back in June, when Britain voted yes to Brexit (despite what the analysts said), I never gave it much thought. However, when Donald trump won the election (again, not what the analysts said would happen) I thought it would be wise to try and gather as much information as possible to figure out why that happened. That’s a subject for a 20,000 word essay, I won’t do that but will try to summarize it. As I said above, the economy is changing, and in so doing is leaving a lot of people behind. A rising tide doesn’t lift all boats uniformly. Meawhile, close to where I live some production is being moved from the GM plant in Ingersoll to Mexico, costing 625 jobs. It’s easy to see why Mexico is the scapegoat here.

Since the time of Ronald Reagan and Margaret Thatcher, the prevalent idea was that if we gave big tax breaks to the richest people (yes, that would include Donald Trump) that somehow the wealth would trickle down to everyone. You can decide how effective that’s been. Let’s roll the clock back to right after the great financial crisis. In Iceland, a small country that almost went bankrupt in 2008, at least 2 bankers who were deemed to be responsible went to prison for their role in what happened there. By contrast no one went to prison in the United States. Meanwhile a lot of Americans lost their jobs, lost their homes, and pretty much had to start all over again. The feeling among a lot of Americans is that the elite just help themselves to bigger salaries and get richer and richer, while the average person is standing still. The above are a few examples of the angst a lot of average Americans have. Donald Trump saw this angst and was able to take advantage of it with his campaign, something the elitists totally missed, thinking all was just fine.

#182 Doug in London on 01.29.17 at 1:54 pm

Further to my above lengthy comment, I doubt what Donald Trump proposes to do will help much, if at all. He may do more harm than good, we’ll have to wait and see. Nor do I think America (or Canada for that matter) were better many years ago than now. However, as the election results show, there are problems and the status quo leaves much to be desired. Governments elsewhere need to sit up, open their eyes and ears and take notice.

A lot of commenters here criticise Justin Trudeau. I won’t get into that, but one thing he’s doing right is doing the cross country tour to get some sense of what the average person thinks. That hasn’t happened since the early 1990s, I believe it was called the Spicer Commission. Whether T2 will be successful or not I don’t know, but he has the right idea. In some parts of the country, he may experience the same kind of thinking that got Donald Trump elected.

#183 VICTORIA TEA PARTY on 01.29.17 at 1:55 pm

#21 AB BOXTER

Great piece here, Boxter.

President Trump is a working-class-VALUES guy who made it “big league” on the nasty streets of New York and on a few other nasty streets right around the world.

I’m talking about his various real estate deals and accomplishments, primarily. There are others.

His public reaction has generally fallen into one of two camps: either you love ‘im or you hate ‘im. There is very little in between when talking about THIS president.

One thing to remember, he is no dolt. He is smart, crafty, a negotiator and, for now, very protectionist (the reason being his promise to upgrade US crumbling infrastructure). He is also light-years ahead of other world and local US political leaders whose brains are bunged up with political correctness and left-wing sillinesses.

He is churning out executive orders, talking and meeting with various individuals and groups from wealthy capitalists to union bosses to foreign leaders all at the same time.

He is laying new foundations upon the world/American Body Politic in fulfillment of a blizzard of promises he made during his campaign.

So why the surprise, for example, about banning folks from seven primarily Muslim countries, who do not have eniough credible entry ID? Those countries were identified by the former Obama administration as being potentially dangerous to US interests! But it did nothing. Of course it didn’t.

For crying out loud. Trump SAID he’d ban them and by golly he HAS!

So why all the bitching? Besides, entry by non-US (alien) citizens is NOT A RIGHT but a PRIVILEGE. The president has the full support of his constituency here.

So, will Trump’s seven-nation immigration partial-ban work? Who knows? Time will tell.

As for another aspect of the Trump Revolution (divide and conquer) this morning on FOX-TV the American head of the Teamsters Union was beyond congratulatory over the president’s support of organized American labour. How simply amazing. Trump’ s plan here seems to be to also cleave divisions within the labour-oriented Democratic Party which is daily disintergrating at an alarming rate. Trump pulls no punches. Lots more to come.

Meanwhile here in Canada, Justin opens our doors, without our permission, to any alien who may feel hard done-by various US immigration rules. So come one, come all and bring your whatevers, it’s all good!

I wonder what Trump’s response will be, especially in upcoming NAFTA talks?

As for the MSM coverage. It is disgustingly Left. That is why the Deplorables and football fans don’t watch ’em anymore. Why? There’s no reason. At all. the CBC is utterly unwatchable.

#184 Purple Heart on 01.29.17 at 2:15 pm

Trump recounted how a retired lieutenant colonel and supporter gave Trump his Purple Heart medal at one of his rallies.

“I said to him, ‘Is that like the real one, or is it a copy'”?

“That’s my real Purple Heart. I have such confidence in you.”

“And I said, ‘Man, that’s like big stuff. I always wanted to get the Purple Heart. This was much easier.”

[The Purple Heart is a U.S. military decoration awarded to those wounded or killed while serving in the U.S. military. Trump was eligible to be drafted and sent to Vietnam in the spring of 1968, but instead received five deferments, and never served in the U.S. military.]

#185 AB Boxster on 01.29.17 at 2:17 pm

So your comments are interesting but irrelevant to my words. — Garth

——————————————
The comments are relevant in the fact that Canada and the US have the worlds longest unprotected border.
What happens in the US impacts Canada.

The goal of the USA, to more effectively vette its immigrants and refugees should be seen as a benefit to Canada.

Without this, Canada is exposed to uncontrolled migration through the US as once an individual is on Canadian soil it is almost impossible to remove him/her.

Canada’s immigration policies may be reasonable, but the issue of living next to a country such as the US, where we value the free movement of goods and people, becomes the issue, if the US cannot control its borders.

Immigration and refugee processing only works for those that actually go through the process and can be vetted. The 50 – 100 K illegal immigrants in Canada have not been through this process.

There is no uncontrolled migration nor open border between Canada and the US. This country does not have an illegal immigrant flood or problem. Your words are not relevant to my original comment. — Garth

#186 hope & ruin on 01.29.17 at 2:25 pm

@ Doug in London

A lot of commenters here criticise Justin Trudeau. I won’t get into that, but one thing he’s doing right is doing the cross country tour to get some sense of what the average person thinks. That hasn’t happened since the early 1990s, I believe it was called the Spicer Commission. Whether T2 will be successful or not I don’t know, but he has the right idea. In some parts of the country, he may experience the same kind of thinking that got Donald Trump elected.
________________________

As much as I enjoy the gesture T2 is making I’m not convinced he is listening, it’s just a token. I think his gang in Ottawa have made their ‘vision’ abundantly clear, a lot of royal ‘we’ talk, being given a mandate on climate change, etc. And we’re all “on-board” apparently, if you look back at his comments a year ago.

He (or his team) have decidedly made up their mind what is best for us regardless of what we think. Look no further than his comments on oil sands, I bet his stops in Alberta will be carefully vetted.

#187 Guillaume on 01.29.17 at 2:28 pm

The dishonesty of the MSM has been to describe the Don’s supporters like racists, white supremacists, homophobic (these categories doesn’t really exist, maybe a few thousands of white supremacist nutbars over 350 millions ?) …… If we have now a brutal goofy billionaire as Garth describes him, it is also because the Clintons were caricatures of this new wealthy societal left that has abandoned the low middle working class long time ago.
The rising of populism is just a stigmata, most of the populists voters were previously left wing people (at least in Europe) that felt abandoned. People also want real leaders that care about them and this is the image Trump gives of himself. For example in Canada, a real leader would have spent Christmas in Fort Mac Murray not on the Aga kahn island. People really need symbolic actions but also paternalist and responsible leaders (I can’t keep thinking about Garth when I am writing that).
A real leader would be more inclusive and not stand just for women, gay people, refugees, that are absolutely not homogenous economic social class (there are rich gay people and poor gay people).
Also talking all the time about “Hate crimes” is a wrong rhetoric and I am pretty sure that in Canada also in the US the rate of such “hate crime” are lower than low. The MSM have tried to make the people feel ashamed of voting Trump but it just didn’t work.
#149 conan You are the kind of person I have tried to talk friendly with for one year but generally after 20sec the conversation ended as soon as I was seeing the hate sweating from the eyes of the “liberal minded” fellow … BTW the only organizations that are for sure massively financed are the left wings “anti racist” ones. And If you think there is a significant number of people in Canada gathering together and worshipping Adolf Hitler while burning non white people then you are missing something

#188 South Etobicoke Trump Campaign Field HQ on 01.29.17 at 3:06 pm

Mr. Rowat, you’ve committed a terrible heresy in the past.

How do you plan to redeem yourself in the eyes of the Emperor of Mankind?

#189 ccc on 01.29.17 at 3:40 pm

#181 Doug in London: “…the elite just help themselves to bigger salaries and get richer and richer, while the average person is standing still..”

Also a problem taking place here in Canada at a fast pace. And I’m not talking about the private sector guys who have figured out ways to keep on making more money (for better or worst). My real concern lies in those who achieve such goals through legislation (look at that sunshine list), i.e., increasing gov ranks with bloated bureaucracy as competitive and capable as the Phoenix paying scandal shows for example; politicians charging tax payers all the way to the bone including personal trainers fees, 25 bucks for an orange glass of juice, living expenses in non-primary residences, etc. Add on top of all that the new wave of business-unfriendly policies our think tank gurus have just come up with. One thing is how pretty they look on paper, another one is what their implementation does for real in the field. The future? Canadian deplorables next in line waiting for their bully billionaire saviour to arrive… Amen…

#190 Entrepreneur on 01.29.17 at 3:47 pm

Breaking News, Breaking News: Clean, green energy gaining over fossil-fuel energy. Regulations (one of them, hydro charging solar customers) has been eliminated by the stoke of a pen. Consumers are deciding what they want not the government and the system (like in the sixties with the electric cars).

Fake news but not all of it. Let the consumer decide what is the best: clean-green or fossil-fuel. Make it fair competition with rules of regulations/deregulations and not so one sided like a boxing match. Let the people decide.

We were all taught about the greed with fossil-fuel with other nations, climb to the top control, and how unhealthy that is and the harm. Time to change that mindset; time to let the consumer decide; time to give earth a break from destruction. It is time and soon time up.

#191 DT on 01.29.17 at 6:09 pm

Immigrants and refugees make us stronger Garth?

Funny, 4 of our 9 Supreme Court justices are Jewish yet only 2% of the Canadian population is Jewish.

So decades of Chinese, Indian, Pakistani, Black immigrants yet 0 are good enough for our Supreme Court so we have to rely on one country, that doesn’t even merit a single justice seat, and allow it to have 2200% more representation?

Without a representative Supreme Court you can’t have a democracy.

What, Chinese and Indians (for example) aren’t good enough?

It is obvious immigrants make us weaker.

Judaism is a religion. Pakistani is a citizenship. Black is a race. I know this is confusing, so maybe you should stop posting. — Garth

#192 conan on 01.29.17 at 6:11 pm

RE: #187 Guillaume on 01.29.17 at 2:28 pm

Think we have more of a Fascist problem then Nazi. Not sure how you say what you say when I am just repeating in sentence form what America did to Syria and Ukraine and Libya, and Iraq. It all starts with funding of goofy groups that will use violence to achieve political aims.

Evidence of this behavior from the States for decades. We might be next if Trump goes full bore lunatic. Not saying he will……..

#193 Parksville senior on 01.29.17 at 6:16 pm

Well, Dougie boy, your admiration for the sanctity of a press long dead mixed with your appreciation of MMA, is but evidence of a youth ill-spent.

The press of the wartime years, unblushingly dishing out propaganda during the 40’s was alive and well during the Korean war and McCarthy years(1950’s). The Vietnam years of the 60’s and 70’s were no paragon of truthfulness until it became impossible to hide watergate. Remember the Patriotic press during the Falklands invasion and the time of President Reagan bringing the mighty hand dangerous Grenada to heel?

Yes, times are tough in the US and during the times I have spent in middle America I have come away with the impression the feeling could best be summed up as “I am as mad as hell I am not going to take it any longer.”

Regrettably the great American melting pot is boiling with an unhealthy base of alt-right hate, fundamental Christian hate aching for a new Crusade and mistaken belief in the Capitalist right theory of “trickle down”. The situation of a handful of rich men controlling 40% of the worlds wealth only leads to an acid rich corrosive environment where a demagogue such as Trump could rise to the top.

The Americans several times before have gone through this “hate the guy that knows more than me ” phase. During the 1840’s they were honest enough to call themselves the “know-nothing” party. In the years since
it has become more acceptable to label someone with a college degree an egghead or believe that your neighbours opinion on climate change is of equal value to that of a scientist that has spent years studying and observing the phenomenon.
I trust that you may know more than me on the craft of investing. However, I believe my advanced degrees in Economics make me more qualified to understand the cause and affect relationships in the economy of nations.

I recommend a semester of good works among the working poor rather than a glib rehash of Trump press releases.

#194 Parksville senior on 01.29.17 at 6:25 pm

A further comment on the mapping of the rural vote.
Though the ag sector unceasingly pictures itself as the reservoir of the American virtues if thrift and self reliance it is the greatest beneficiary of Welfare in the history of the world.
The Republican Party since Reagan has continued to pour the cash into fewer and fewer hands in the ag sector while chastising the “unworthy poor” who have exhausted their unemployment benefits, or who have been bankrupted by health problems. Is it any wonder that ag is smart enough to vote for more “Pork”?

#195 CT on 01.29.17 at 6:55 pm

The world according to the right:
If you live in a rural area and have not done job related training to improve your skills: government should turn the dial back on automation and create a 1980s job for you.

A population satiated by media is more important than a population educated by media

Excuse Trump because his there are examples of predessors doing wrong too

Concervatism used to have a moral center rooted in tradition Now it just chases the easy or the expedient.

There was a thing called the intellectual conservative. It challenged both Democrats and Republicans to do the moral thing.

#196 Paully on 01.29.17 at 7:15 pm

Doug, thanks for posting that TD catch video. That was truly amazing!

#197 jesus345 on 01.29.17 at 9:03 pm

Noam Chomsky is a light in this dark ages…

#198 Joe Schmoe on 01.30.17 at 2:50 pm

Good post. Interesting perspective.

Can you talk about the gaffs JT is making instead of Trump some time? I bet a lot of Liberal supports are starting to miss Harper…

When are you guys coming to Calgary so I can buy you a beer?

#199 Brian on 01.30.17 at 4:06 pm

Really enjoyed your article. I think I will take your advise. It would be nice if there were still people like Jack Webster around. In all the years Jack was around I could not tell you which way he voted. He was truly unbiased in his reporting and interviewing. Saw him go after T1 and Ed Broadbent with the same no mercy type questions. There were no alternative facts with Jack. Today in BC the press is just another department of the liberal machine. They get there marching orders on all things political from the board room. They take money to speak at liberal events. The sad thing is each year one of these corporate stooges receives the Jack Webster award for reporting/journalism. I think Jack would up-chuck.