The block

John and Arthur were the first ones to email me notes in the morning. That was followed by a text from Tony, then a Tweet from Garrett at one of the big banks. And so it went. Different locations, various devices, differing connections, same message.

“I was at the Algonquin Park visitor center on Sunday,” says John, who leads such an empty life that he has to read this blog on weekends. “I linked into free WiFi and tried to check out your Sunday post but it was blocked – and I was shocked why. I took a screen shot, see attached. Thought you might want to know.”

Here’s what these people saw:

“Category: Hate and Racism”, it said. Shocking, indeed. As regular addicted readers will know, this blog has taken fire repeatedly for deleting posts that contain xenophobic, anti-immigrant, anti-Islam, Chinese-hating, racist comments in a Trumpian era where intolerance has gone mainstream. Houses cost a stupid amount because credit’s too cheap and Canadians too horny for them, not because offshore dudes are stealing our real estate. Stats support that. Common sense confirms it. Most of all, this blog will never fall to the lowest common denominator of dissing the newcomers who come here, often heroically.

So why, I asked webmaster William Stratas, would this happen?

“This is the consequence of network administrators who configure their routers for third-party network filtering services and may have inserted a new listing in that service,” he replied obtusely. “The solution for users is to use a desktop or mobile VPN service (like SurfEasy.com or TunnelBear.com) that punches through the office network filter and allows the user to access unfiltered content.”

So Bill is following up, and has sent off a research query to whatever omnipotent entity is in charge of deciding what you read (other than me, of course). Early results are that it’s a Cisco router service using a filtering algo run by an outfit called Brightcloud. (It may be controlled by realtors, former Audi leasing specialists and Costco employees. With Kias.) Further results will be shared here. Meanwhile, just imagine what might have been the case if all that junk smeared around the comments section had actually been published. The thought police would have a cow. And  let’s not even discuss the feminists…

Bottom line: be respectful here. No matter how much it kills you.

  Speaking of near-death experiences, federal money minister Bill Morneau probably thinks today’s economic statement has saved him from political death. It was wall-to-wall lollipops as the T2 gang took credit for vastly higher economic growth, more new hires and a way less scary deficit number than was contained in the last budget. This is allowing the Liberals to spend more money, of course, as the child credit is expanded (indexed) and the working poor (does not include bloggers).

All good?

Lots of economists think not, arguing that when the economy is better than expected (like now) government should turn off the spending tap so they have resources to  turn on when the next downturn arrives. By indexing the Canada Child Benefit, for example (a new promise), Ottawa is committing itself to an extra few billion billion per year in structural spending – forever. Once you cross the bridge – sending couples money for having children – it’s impossible to ever go back. People don’t vote for politicians who promise less. They vote for guys who will tax everyone else to give you more.

Anyway, eggheads at the major banks are arguing that further spending will probably trigger higher interest rates, since the Bank of Canada thinks it’ll add more stimulus than necessary. By hiking the cost of money some of that stimulus will fade, keep inflationary (and wage) pressures in check and the massive pile of debt from expanding so fast.

“My view is that with the underlying economy growing rapidly, this really isn’t the time for fiscal stimulus,” says BMO chief economist Doug Porter. That makes perfect sense, of course. A time to reap and a time to sow. But Doug doesn’t have multiple numbered companies, a French villa, millions in family company stock and a festering political problem. Nor does he need to get elected again.

The feds gave people what they wanted to hear today. And I’ve got an algo up the derriere. Tells you something.

227 comments ↓

#1 Matt on 10.24.17 at 5:04 pm

You can also prevent your site content from being blocked/manipulated by serving the blog over HTTPS, a more secure protocol. Your host may even offer free ways to do this using Let’s Encrypt.

#2 Grantmi on 10.24.17 at 5:10 pm

Any other minister.. Morneau would be the walking dead…. But Turdhead is cut from same cloth!

#3 Grantmi on 10.24.17 at 5:17 pm

#1 Matt on 10.24.17 at 5:04 pm
You can also prevent your site content from being blocked/manipulated by serving the blog over HTTPS, a more secure protocol. Your host may even offer free ways to do this using Let’s Encrypt.

Yes! I do many websites using different services. WIX, Square, etc. they all allow you to add HTTPS to your site. If they don’t Garth-O… time to change your provider… its getting worst.

#4 I'm a newcomer on 10.24.17 at 5:25 pm

I don’t believe the people posting on your blog have a problem with newcomers. I have the impression that they do a problem with foreign ownership of homes. When foreigners own homes, the real newcomers have less options of where they can live. Less options usually means less room for price negotiation I believe.

Foreign ownership and newcomers are two different things.

#5 FOUR FINGERS WATSON on 10.24.17 at 5:27 pm

I keep tellin’ ya, Turdo will get re elected, all he has to do is keep giving away free stuff.

#6 the ryguy on 10.24.17 at 5:34 pm

“racist comments in a Trumpian era where intolerance has gone mainstream.”

This is embarrassing for an intelligent guy like you Garth. I surely hope you don’t mean this & are just pandering to dummies who soak up CNN.

Amnesty international did a study and found that 4/5 women who crossed the boarder illegally were sexually assaulted/raped. Google rape trees if you have the stomach for it. So Trump saying “they are sending rapists” is not intolerant or racist, its calling out criminals for their crimes against the helpless.

What else you got? The travel ban? Right. Obama had almost an identical plan in place. Does anyone call Obama racist or intolerant?

So stop it. You want to bash the guy, back it up with something. Frankly I don’t see how pointing a finger and yelling ‘intolerant’ despite no evidence is any different from someone making “xenophobic, anti-immigrant, anti-Islam, Chinese-hating, racist comments”.

They are both ignorant and I agree, should not be tolerated.

#7 MD on 10.24.17 at 5:36 pm

Aaaaah makes sense now. I’ve been reading this blog on my lunch for years….yesterday blocked.

Now, I’m not so angry at my employer. I’ll read at home from now on. I control the filters here.

BTW love the blog and the entertaining comments

#8 AGuyInVancouver on 10.24.17 at 5:43 pm

If higher spending triggers higher interest rates, then I’m all for it. The insanely low rate party has gone on for far too long yet the BoC is too slow to act. As one who took this blog’s advice in 2015 and cashed out my Vancouver house to go mortgage free in a condo, it doesn’t matter to me if they go up. It will help end the housing bubble.

#9 tulips on 10.24.17 at 5:43 pm

Once you cross the bridge – sending couples money for having children – it’s impossible to ever go back.

—————————————————————–
I wish that were true. We used to get a couple hundred a month to help with the cost of raising 4 kids. Now under T2 we get zero.

Congrats, you graduated from the middle class. — Garth

#10 Funky on 10.24.17 at 5:46 pm

Garth…Have you ever considered an alternate career in stand up comedy?

#11 Alex S on 10.24.17 at 5:49 pm

You can also prevent your site content from being blocked/manipulated by serving the blog over HTTPS, a more secure protocol

False. They block the domain, not an individual page.

#12 jim on 10.24.17 at 5:50 pm

About the spending splurge,

Keynes (the arch deacon of modern liberalism as far as economics is concerned) believed that governments should save in good times in order to spend in bad times. Thus, they would be able to ride out economic cycles.

Modern ‘Keynesians’ believe in spending at ALL times. Good and bad. Financing public expenditures with currency devaluation and debt.

What better example than the current liberal government, salivating at a massive orgy of spending at a time when the economy is allegedly thriving.

#13 ROBOTo on 10.24.17 at 5:52 pm

Welcome to the world of AI – sample auto cataloguing… lol
… it does not even know what context means

good thing it did not put you under “Porn” as you got the word count of “horny” up there…. lol

#14 Chicken Little on 10.24.17 at 5:58 pm

#6 ryguy:
Do you have a link or article about Obama’s travel ban?

#15 Alex S on 10.24.17 at 5:59 pm

I don’t have a problem viewing the website, so I cannot verify whether this workaround works.

It is very likely that using Google DNS server can help: https://developers.google.com/speed/public-dns/docs/using

#16 MF on 10.24.17 at 6:00 pm

I am not in favour of the child tax benefit.

It basically is a carrot stick to pander to simple minded folks and get them to vote Liberal.

They get taxed more, economy slows and get paid less, but get a couple hundred morsels every month.

As with any benefit, it will just be abused more than anything.

I really can’t stand the Liberals. Worst politicians we have seen in a very long time. They have to go.

MF

#17 WelcometoSlurrey on 10.24.17 at 6:00 pm

Keep the posts coming…… by the time the actual yvr correction comes around, I won’t need a house anymore
:(……… maybe I should buy a grave plot now before that bubble happens ….

#18 MF on 10.24.17 at 6:12 pm

“Lots of economists think not, arguing that when the economy is better than expected (like now) government should turn off the spending tap so they have resources to turn on when the next downturn arrives.”

-It’s sort of similar to interest rates, which should have risen in 2012 but didn’t because we were too scared. Now we have the BoC trying to “normalize” without upsetting too many debt pigs (70% of the population) way too late.

-With regards to Morneau, let’s hope the Liberals have created enough enemies from their stupid policies and bad optics that he is gone regardless. The growth is just from debt and is artificial -just like these Liberals, actually. I guess we find out soon, but that means we will have to hear T2 try to speak again (cringeworthy).

MF

#19 BS on 10.24.17 at 6:14 pm

“Category: Hate and Racism”, it said. Shocking, indeed. As regular addicted readers will know, this blog has taken fire repeatedly for deleting posts that contain xenophobic, anti-immigrant, anti-Islam, Chinese-hating, racist comments in a Trumpian era where intolerance has gone mainstream.

Labeling this site with “Hate and Racism” is no different than labeling Trump with it. It is fake. The left has ran out of arguments and is not willing to debate. It is easier to just label the opposing view hateful or racist. Like many do Trump and clearly someone has done with this website. Not everything is about ponies and unicorns. Sometimes we need to discuss the tough subjects. The snowflakes can’t take it.

#20 Tony on 10.24.17 at 6:14 pm

Watched it on BNN, pleased I didn’t hear the line “we’re never raising interest rates again”.

#21 gfd on 10.24.17 at 6:17 pm

Let’s make Justin drama teacher again.

#22 ole Doberman on 10.24.17 at 6:22 pm

If they want more kids why dont they outlaw abortion
But im an old poop what do i know

#23 FLHTK on 10.24.17 at 6:24 pm

Interest rates will never rise more than 5% in Canada…..like you’ve been saying when people go to renew and don’t have the 300k difference from mortgage to assesed mortgage value people will be handing over the keys…..a major issue…..unless the bank is allowed to charge you interest on the difference of what you owe and treat it as a line of credit if the rules change.
Ohhh now I’m thinking like mad dog Bill!

#24 Stone on 10.24.17 at 6:24 pm

I just like discussing portfolio return. 8.31% YTD. Lovely dividends on their way within the next 2 weeks which will hopefully plump things up. Thank you balanced and diversified portfolio.

#25 MSM-Free Zone on 10.24.17 at 6:25 pm

Brightcloud. Sounds like a follow-up to Treadstone and Blackbriar in a Jason Bourne sequel.

Can’t wait to read the smoking gun on this one.

Hopefully, there are some smokin’ feminine distractions, Hummer/Harley chases, and loyal canine pursuits buried in the plot as well.

#26 CV5 on 10.24.17 at 6:26 pm

“underlying economy growing rapidly”

Where exactly? Because its not around here. And not anywhere in Canada from what I hear. Doug “Moonbeam” Porter must be talking about his personal portfolio and stock options package.

#27 MF on 10.24.17 at 6:35 pm

Google the term.

What you will see is a bunch of left leaning propaganda outlets trying to prove that Obama’s Iraq visa ban from 2011 was just while Trump’s in 2016 is unjust.

They will try everything: there was a specific threat, it didn’t effect every would be immigrant or traveler..and more garbage like that.

The point is, Obama DID single out one country and one people for special treatment in 2011…..yet no one batted an eyelash.

MF

#28 CV5 on 10.24.17 at 6:36 pm

“xenophobic, anti-immigrant, anti-Islam, Chinese-hating, racist comments”.

Hhmmmm. Nope. My conscience is clean. I just want the offshore money laundering to stop (irrespective of so-called “race” as I do not think “race” exists in the first place), the CB’s to cease and desist with the unconscionable and reprehensible bubble blowing,
and the various Govt officials meet the standards of ethics and responsibility we expect of them.

This is NOT too much to ask, in fact it is the minimum requirement for those seated at those lofty ivory towers of responsibility.

#29 MF on 10.24.17 at 6:36 pm

#14 Chicken Little on 10.24.17 at 5:58 pm

Last message was intended for Chicken Little

MF

#30 TnT on 10.24.17 at 6:37 pm

http://www.greaterfool.ca Site has a good reputation now…

http://beta.brightcloud.com/tools/url-ip-lookup.php

Must have been the few Fem troll responses from last week.

Best to delete the obvious trolls to control the responses.

#31 mitzerboy aka queencitykidd on 10.24.17 at 6:39 pm

holy cow
the thought police r closin in
keep the faith garth

#32 Ian on 10.24.17 at 6:40 pm

Normally I would be way on top of these things, but since I am having a good day I didn’t have the stomach to even follow the economic update. I’ll see if I can read it tomorrow.

Regarding Keynesianism, who probably is close to single handedly responsible for our government size and tax levels being 2-3 times what they should be, here is Ianomics: we don’t in any way need stimulus now, we need surpluses now, to get debt / GDP much lower in order to lower taxes and prepare for the move to 40% unemployment due to automation. If we’re going to need universal basic income, we better get ready and quickly.

The site blocking news is weird. Did Realtors and the Federal Liberals arrange for it to be blocked? Lol. Maybe this will be like China and all housing bear sites will be on the black list, and Garth will need to go to Tor in order to not be censored. Maybe the state is going all Ai Weiwei / Daphne Galizia on us.

Maybe someone has identified Smoking Man as a threat to society. Or it’s because Happy Housing typed the same thing 2000x and looks like a bot. Technology is so weird sometimes!

#33 Darryl on 10.24.17 at 6:41 pm

I haven’t seen SCM around for a bit so I’m thinking he has something to do with the block .
Coincidence ?

#34 Alberta Ed on 10.24.17 at 6:43 pm

This latest Liberal brain fart reminds me of their old 6 and 5 “restraint program”, i.e., squandering 11 per cent more over two years in the interest of, well, staying in power. Naturally, the Canadian MSM (especially the CBC) bought into it and kept repeating the mantra until it became a meme. Same old, same old.

#35 Bytor the Snow Dog on 10.24.17 at 6:44 pm

Websites don’t get blocked willy-nilly. It’s highly likely a disgruntled intolerant feminist Realtor™ reported you.

So much for the tolerant “left”.

#36 SCM on 10.24.17 at 6:44 pm

Byelection: Liberals win Lac-Saint-Jean for first time since 1980
https://www.msn.com/en-ca/news/canada/liberals-win-lac-saint-jean-for-first-time-since-1980/ar-AAtXXns

Boomers and conservatives on suicide watch!!!

Vive Le Trudeau

#37 just a dude on 10.24.17 at 6:45 pm

Garth, love that pic. And love that kid; kinda reminds me of me. And of course, you (respectfully).

As for Morneau & T2 . . . the mounting frustration with these guys is palpable. Remember during the campaign trail when T2 said the “budget will balance itself”. I can’t believe people just swallow garbage statements like that without batting an eye. He sure has nice hair though. Arrgh!

#38 CV5 on 10.24.17 at 6:46 pm

Question to my fellow bloggers:

What is the one single incontrovertible barometer that proves an “underlying economy growing rapidly”?

Answer: when present value of your money is capable of purchasing MORE goods and services. Period.

Anything else is inflation, which is exactly the opposite.

But the Ivy League Fellowship will script tomes and volumes to deny this simple fact.

#39 White House Adult Daycare Worker on 10.24.17 at 6:47 pm

HELP!!

I need a pacifier, asap!

A hockey puck is fine……HURRY!

#40 White House Adult Daycare Worker on 10.24.17 at 6:49 pm

HELP!!

I need something to distract this guy, he’s having a meltdown!

A fidget spinner would be perfect!

Bring one for very small hands – PLEASE!

#41 Eyestrain on 10.24.17 at 6:52 pm

Garth, it may be my fault. I submitted a complaint about crimes being committed against the English language on your blog. Sorry.

#42 the ryguy on 10.24.17 at 6:59 pm

#14 Chicken Little on 10.24.17 at 5:58 pm

—————————————————–
Read the verbal gymnastics politifact had to do just to give this is a half truth.

http://www.politifact.com/wisconsin/statements/2017/feb/07/reince-priebus/were-7-nations-identified-donald-trumps-travel-ban/

#43 BillyBob on 10.24.17 at 7:02 pm

So, they can’t produce an algorithm that can correctly consider the content of a financial advice blog. But robots capable of equivalent human understanding are poised to take over everyone’s jobs.

Got it.

#44 Timmy on 10.24.17 at 7:03 pm

Yeah, Doug has integrity and common sense–unlike Mornuea, who should resign.

#45 Doug t on 10.24.17 at 7:09 pm

1984 anyone – Big Brother wants to control communication – fascism is alive and well

RATM

#46 conan on 10.24.17 at 7:12 pm

Trickle down economics is amateur hour. I think it is smarter to observe what is happening to the bottom 60 % of Canada’s population, as looking at everyone, gives an incorrect answer on how to fix the economy.

Nothing smarter then getting the birth rate up.

Maybe when the Cons learn these lessons, they will be ready for power again.

https://www.youtube.com/watch?v=8xysVNigCsU

#47 IT guy on 10.24.17 at 7:14 pm

This a content filtering solution. Every vendor has a different category database. If you don’t agree with the current categorization, you can request to change at the vendor website. In that case here is the link: https://www.brightcloud.com/tools/change-request-url-categorization.php.

#48 akashic record on 10.24.17 at 7:16 pm

Garth, you still don’t get it.

The essence of identity politics as it was played by Communists after WW2 and now by mainstream political parties in Western democratic countries is that there is no way to prove that you are not one of those (bourgeoisie, “xenophobic, anti-immigrant, anti-Islam, Chinese-hating, racist”, sexist, etc.) deplorable of the day once you are accused of it.

The more you try to prove your innocence the more suspicious you become.

The only way to fight this is to categorically refuse the entire game.

It is not easy, more and more people make good living, pay rent, mortgage, kid’s school as policing consultant, advisor and lately employees, managers, VPs of departments specifically set up to lure and engage exploding spectrum of society in losers game.

You must refuse the entire concept – otherwise you lost before you know.

#49 rosholt on 10.24.17 at 7:17 pm

Actually people working for IT in real estate companies are getting your site blacklisted. I guess it’s one way to get you censored. If people can’t access your site then you are silenced. My $0.02.

#50 NoName on 10.24.17 at 7:20 pm

#9 tulips on 10.24.17 at 5:43 pm
Once you cross the bridge – sending couples money for having children – it’s impossible to ever go back.
—————————————————————–
I wish that were true. We used to get a couple hundred a month to help with the cost of raising 4 kids. Now under T2 we get zero.

And I thought 7.50 per kid/month was bad…

But what’s funy is, when my wife called CRA and asked where is 180 for last month. Did she ever get disappointed when she was told that first 180 is for hole year.

And on a side note, if you guys start spelling way I do, no AI feelter will figure it out. Feww wiks ago i was at some store buying some stuff and over hear owner talking to it guy, telling him to leave misspelled way it is because they are getting a lots of hits. So, maybe good spelling might bee bit over rated.

#51 Howard on 10.24.17 at 7:23 pm

Childcare benefits – I don’t like the idea of widening the gap even further between the haves (breeding couples who can practically write off diapers these days) and the have-nots (childfree singles who are basically tax slaves to the breeding masses). However I prefer direct payments directly to parents over a big bureaucracy proposed by the Martin-era Liberals. That would have resulted in good parents that sacrifice to have one of them stay home with the kids subsidize other parents who prefer to have unionized strangers raising their kids.

#52 cd on 10.24.17 at 7:24 pm

So if you say you hate racists, then that would get you flagged twice by some filtering algorithm…

#53 Howard on 10.24.17 at 7:28 pm

Canada’s housing mania may be MOSTLY home-grown.

But what of Canada’s chronically low wages when compared to the US, UK, even Australia? Would the fact that Canada’s immigration rate is 3x that of the US and targets the most educated rather than those actually needed to fill gaps (eg. lower-skilled agriculture workers)….have a tiny bit to do with it?

#54 Howard on 10.24.17 at 7:32 pm

#34 SCM on 10.24.17 at 6:44 pm
Byelection: Liberals win Lac-Saint-Jean for first time since 1980
https://www.msn.com/en-ca/news/canada/liberals-win-lac-saint-jean-for-first-time-since-1980/ar-AAtXXns

Boomers and conservatives on suicide watch!!!

Vive Le Trudeau

———————————

Right because Trudeau is really going to abolish the TFW program that you (and I) loath so much.

#55 older than a boomer on 10.24.17 at 7:32 pm

This little laptop uses Windows Defender and AdRemover
which right now shows this is a really clean site which shows 1 tracker and 4 ads removed right now. Thanks for admitting that you have a webmaster, now admit that the trolls have taken over your site.
Just my opinion.

#56 SCM on 10.24.17 at 7:34 pm

Judge acquits Liberals Sorbara, Lougheed in Election Act bribery case
https://beta.theglobeandmail.com/news/national/judge-acquits-sorbara-lougheed-in-election-act-bribery-case/article36703349/?ref=http://www.theglobeandmail.com&

Tough week for conservash*ts

#57 Trump on 10.24.17 at 7:36 pm

I am sure the Algo thing was a coincidental error.

Its not like government officials sleeping with T2 and the Cheater-In-Cheif (Morneau) ever read this blog.

The Canadian economy is doing great ( Fake News)

#58 SCM on 10.24.17 at 7:37 pm

#33 Darryl on 10.24.17 at 6:41 pm
I haven’t seen SCM around for a bit so I’m thinking he has something to do with the block .
Coincidence ?

———————-

Look who posts just 3 minutes later.

https://www.youtube.com/watch?v=HQoRXhS7vlU

#59 Victor V on 10.24.17 at 7:37 pm

Tim Hudak complains about new housing regs in this video. Priceless.

https://www.facebook.com/NationalPost/videos/10155888720443594/

#60 jess on 10.24.17 at 7:41 pm

seriously would you rather have putin?
fraud captured on cell phone videos which they uploaded for russians to see …

In fact, as the above scene from the new, two-part FRONTLINE documentary Putin’s Revenge explores, Vladimir Putin clashed with then-Secretary of State Clinton in 2011 over her condemnation of Russia’s parliamentary elections.

More than 100,000 Russians had taken to the streets demanding Putin’s ouster, after cellphone video surfaced showing alleged stuffing of ballot boxes and campaign officials filling out ballots. changing votes using erasable inks etc etc…

http://www.pbs.org/wgbh/frontline/article/watch-the-election-clash-that-fueled-putins-ire-against-clinton/

#61 I thinks I know something on 10.24.17 at 7:49 pm

“Anyway, eggheads at the major banks are arguing that further spending will probably trigger higher interest rates, since the Bank of Canada thinks it’ll add more stimulus than necessary.” – Garth

——————————————————

Rates can rise maybe another quarter point before they go down again. Low, low rates are here to stay.

Rates are not going down unless the lights start going out. Not happening. — Garth

#62 X on 10.24.17 at 7:52 pm

But poor Bill’s family doesn’t get the CCB due to his earnings. LOL. Seriously, who wrote that speech? Too funny. Thanks for reminding us you are rich.

I don’t get much CBB, it has been reduced under the Liberals. I am not rich. I would like to be one day. Not sure if the Liberals tax and spend is going to help me get ahead.

All I heard today form Morneau was obvious vote buying at the taxpayers expense.

#63 bdwy sktrn on 10.24.17 at 7:53 pm

#17 WelcometoSlurrey on 10.24.17 at 6:00 pm
Keep the posts coming…… by the time the actual yvr correction comes around, I won’t need a house anymore
:(……… maybe I should buy a grave plot now before that bubble happens ….
—————————–
you better get right on that…

there is a new cemetery out in langley, they had to build a fence around it as people are dying to get in.

#64 Nonplused on 10.24.17 at 7:56 pm

“People don’t vote for politicians who promise less. They vote for guys who will tax everyone else to give you more.” -Garth

True words, that. But therein lies the flaw in human nature. We vote for the government to take money from someone else and give it to us, but then someone else votes to have the government take money from us and give it to them. This sad circle continues until the 0.01% have all the money and all the political influence.

They are so good at it that they somehow managed to get the broke millennials to elect 2 trust fund babies to PM and Finance Minister, whilst throwing out an actual economist because he wasn’t very nice and didn’t know how to take good selfies.

Is anyone besides me enraged that Bombardier gets billions in tax subsidies and free off-the-book loans to make wings in Ireland, while Turdeau and Moroneau hound the folks who fix our toilets because there is no other way for them to make ends meet than use a small business structure?

I’ve argued it here before and I’ll argue it again: The rich don’t pay taxes. What they do is get the government to create barriers to entry for their particular line of business (think accounting firms, they only exist to solve government created problems), and then jack their prices. Do you think that when Apple pays taxes they somehow had to come up with the money? No they don’t they raise the price of your iPhone and then get the government to pretty much ban Blackberries. Can anyone really afford $1000 for an iPhone X? And why is Apple charging so much for something that doesn’t do anything more than an iPhone 5 did for half the price? Is there that much extra “stuff” in the box? No there isn’t, but the taxes are going up and they are always passed along to the end consumer. Sure, the new processor is a little faster and the screen is a little bigger, but technology improves and you are supposed to get a better product for the same or a lower cost per unit of utility. Is that what we are getting when we have to pay $4000 for a family of 4 to have new iPhones? When a flip phone from 2009 had basically all the same functionality? No, what you are getting is all the various levels of taxation Apple has to pay at every step alone the way. Apple has to buy the processor but that company pays taxes and pays wages and all the workers pay taxes. They buy a battery but even the mine that produced the lithium has to pay taxes and pay workers who pay taxes. Do you think the mine pays the taxes? No they don’t they charge more for the lithium. You pay their taxes. Where else would they get the money? They don’t have any money all they have is a piece of land that contains lithium which you want in your iPhone. You pay the tax. You have to, because you have the only thing that creates real wealth: labor. (Ok, and raw materials which can be thought of as land and that which is found on the land, but only labor can make it valuable. Even a farm is pretty useless if the farmer doesn’t go out and harvest the crop.)

All taxes are a form of free labor for the government, which you will have to do.

#22 ole Doberman on 10.24.17 at 6:22 pm

“If they want more kids why dont they outlaw abortion
But im an old poop what do i know”

Sure let’s make another law and restrict freedom further. Or how about why don’t we let women and their doctors decide? Now I know there are ethical questions and controversy all over the place on this subject, but we live in a world where there are 20,000 nuclear bombs and wars and famine and theft a plenty. Certainly this is no more than one more controversy among many. You can’t encourage a woman to have a baby unless you plan to provide for that baby. You have to leave it up to her if that’s what she chooses to do. This is something my mother learned the hard way, always encouraging babies until finally she had 15 year olds getting pregnant. Why not? Grandma is going to pay and it’s a heck of a way to get attention.

I’m perfectly happy if my children choose not to have children of their own and just enjoy life. On the other hand if they want children and can afford them then sure they can carry on and enjoy themselves. Whatever tickles your fun button. But let’s face it, whatever is left of the world 200 years from now, if anything, is of no concern to me or you. The Romans built Rome for themselves, that we happen to still appreciate their artwork is a satisfaction they never received.

#65 Clean-Up Crewman on 10.24.17 at 8:00 pm

Garth, so the indexing means to the full CPI Inflation amounts? This benefit shall not be eroded!

#66 makingcents on 10.24.17 at 8:02 pm

#16 MF

I am not in favour of the child tax benefit.

It basically is a carrot stick to pander to simple minded folks and get them to vote Liberal.

They get taxed more, economy slows and get paid less, but get a couple hundred morsels every month.

As with any benefit, it will just be abused more than anything.

MF

OKKKKayyy MF. Long time reader here, not a responder, but you had better think twice about your comment. I CHOSE to go without work for 7 years while my children were of school age because I could not afford to make $10/hr even though my spouse is above middle class in his own earnings as a public servant. I use that money to get my post-secondary education so that I can further our growth and so that I am not a $10/hr earner. So, maybe I ‘use money that you put into the system’… but it is to better the GDP of our nation. PS we are all in this boat together.

#67 Vb1978 on 10.24.17 at 8:03 pm

#17 WelcometoSlurrey on 10.24.17 at 6:00 pm
Keep the posts coming…… by the time the actual yvr correction comes around, I won’t need a house anymore
:(……… maybe I should buy a grave plot now before that bubble happens ….

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

The bubble already applies to grave plots at least in Yvr $25 k at mountain view, the only cemetary in Vancouver proper http://bc.ctvnews.ca/mobile/running-out-of-room-vancouver-graveyard-charging-25k-per-plot-1.3366417

#68 Burnaby Boy on 10.24.17 at 8:04 pm

I don’t understand the censorship. Your blog is very sensible. Level-headed and informative. You would think the government would take an interest in how your followers think as they are fairly successful types. And after all a kiss is just a kiss and a comment is just a comment. – drunk or sober.

#69 Stone on 10.24.17 at 8:05 pm

“My view is that with the underlying economy growing rapidly, this really isn’t the time for fiscal stimulus,” says BMO chief economist Doug Porter. That makes perfect sense, of course. A time to reap and a time to sow. But Doug doesn’t have multiple numbered companies, a French villa, millions in family company stock and a festering political problem. Nor does he need to get elected again.

——

Please ignore Doug Porter and just increase your consumption. My portfolio requires a steady increase in interest rates to feel satiated. You’ll all feel better by consuming and my portfolio will be very thankful, as will I be. And never mind thinking about what occurs beyond your next meal – that’s too far away anyways. Fed to raise rates up 1% over next 12 months. I’m all for doubling that to 2%. That goes for BoC as well. I’m even willing to beg a little for it. Not too much mind you but I can spare a little. LOL

#70 akashic record on 10.24.17 at 8:08 pm

#30 TnT on 10.24.17 at 6:37 pm

http://www.greaterfool.ca Site has a good reputation now…

http://beta.brightcloud.com/tools/url-ip-lookup.php

Must have been the few Fem troll responses from last week.

Best to delete the obvious trolls to control the responses.

======

This little advice is a textbook example how this works.

Let’s break it down..

“www.greaterfool.ca Site has a good reputation now…”

WTF?! Who defines what “good reputation” is?

Brightcloud.com?

How come?
Do they have some kind of a license to do it? Dare we ask qualification?

Or they are just a bunch of fakin’ geeks, with a regular business license to provide computer services?

With zero competence to have any say about “reputation”. They have literally no business in determining what is reputable and what is not.

They also don’t have any business of preventing others to express their opinion.

Their little “reputation policing” business is actually a fundamental violation of the Charter.

Your suggestion to “best to delete the obvious trolls to control the responses” is the worst knee-jerk reaction to cave for some stupid volunteers who hope to make some extra revenue by serving people with no brain to think things through or spine to stand up and defend their principles.

Or for government owned and operated facilities where incompetent or frightened managers afraid of getting accused of not policing well enough “unreputable” behavior opt for spending tax payers money to violate the Charter with the help of companies with no legitimate business of what they monetize.

That little girl in the middle of the picture holds the correct answer.

#71 Stone on 10.24.17 at 8:09 pm

#63 bdwy sktrn on 10.24.17 at 7:53 pm
#17 WelcometoSlurrey on 10.24.17 at 6:00 pm
Keep the posts coming…… by the time the actual yvr correction comes around, I won’t need a house anymore
:(……… maybe I should buy a grave plot now before that bubble happens ….
—————————–
you better get right on that…

there is a new cemetery out in langley, they had to build a fence around it as people are dying to get in.

——-

And they’re willing to dig their own hole too! Most are already doing it right where they stand with all the credit they take on and use.

Priceless. Shameful but priceless.

#72 Darryl on 10.24.17 at 8:09 pm

#58 SCM on 10.24.17 at 7:37 pm
#33 Darryl on 10.24.17 at 6:41 pm
I haven’t seen SCM around for a bit so I’m thinking he has something to do with the block .
Coincidence ?
———————-
Look who posts just 3 minutes later.
https://www.youtube.com/watch?v=HQoRXhS7vlU
—————————————————————–
Me and my big mouth .
Good thing I didn’t say the Leafs are going all the way this year . Oh wait …sht

#73 april on 10.24.17 at 8:10 pm

#49 – People should read Ross Kay realty to see what he thinks of the real estate industry…right on!

#74 tkw on 10.24.17 at 8:11 pm

hope all these doughheads (and I’m not talking politicans here but moneyhoarders) dissing people trying to raise families these days remember who’s gonna be changing their diapers when they’re old…families need a break and the current government is the best I have seen in a very long time

#75 Lost...but not leased on 10.24.17 at 8:21 pm

Lets be blunt…for those truly in the loop…..circa modern times…politics and our politicians are somewhere between soap opera and Monty Python-esque bloodsport…

Truly clueless citizens literally and figuratively beat their heads against the wall dogmatically thinking the latest democratic offering will save the world….when the reality gauges pragmatically deduce more quicksand than previously anticipated…

#76 Rexx Rock on 10.24.17 at 8:21 pm

When I was in China this blog was blocked.I guess Canada is adopting the same policy.The goverment really created hate and racism indirectly through its policies.

#77 Herb on 10.24.17 at 8:28 pm

“Houses cost a stupid amount because credit’s too cheap and Canadians too horny for them …” – Garth, above.

Just read an interesting explanation for house horniness by a real economist. Just extend his focus on America across the border, ask why credit is so cheap, and temper the readiness to blame the victims.

While the average American worker was bombarded with heroic reports of America’s high growth rates, any hopes these figures might have raised were forever crushed by the ruthlessness of her [sic] personal reality. The sole line of communication with that ‘other’ world, where incomes rose and living standards improved, was home ownership. At a time when house prices rises seemed permanent, bricks and mortar became the only realistic hope of riding the wealth escalator.

– Yanis Varoufakis, The Global Minotaur: America, Europe and the Future of the Global Economy, London, 2015, p. 124.

#78 Dmitry on 10.24.17 at 8:31 pm

#24 Stone

Speaking of portfolios and ETFs.
Just transferred RESP to Questrade and was researching which ETFs to get.
I think I do not need more than 3, maybe 4 at the max. one is bond index ETF, another Canadian equities and third is US and international.
The problem is that there’s so many options and variations out there, hard to choose/decide.

#79 Linda on 10.24.17 at 8:35 pm

Site blockage – interesting. Wonder if it is because so many people visit/read it? Because a few minutes search will quickly find sites that are very toxic indeed, so why are they not blocked? The argument that these sites are blocked but keep popping up is a bit thin when some of them have been operating ‘as is’ for years.

Child tax credit. Meant to keep children out of poverty, so far so good. So the maximum is paid to those whose incomes are $30,000 or less – said maximum as per the article I read up to $6,400 per year per child aged 6 or younger; $5,400 per year aged 7 to 17. Means tested so the higher the income, the less one qualifies to receive. Fair enough except – why the heck is full clawback pegged for families whose annual income is more than $200,000? I’d have thought that half that sum would have been a more than generous cutoff point. Sorry, but a family income of $100,000 plus is not ‘living in poverty’, though I’m sure there will be those who believe otherwise.

#80 genbizx on 10.24.17 at 8:37 pm

wow…what a bullying tactic. hateful? this is the way things get when the tekkies get too much control

#81 MCVA on 10.24.17 at 8:38 pm

Make Canada Venezuela Again

#82 Doghouse Dweller on 10.24.17 at 8:38 pm

#76 Rexx Rock
Canada has the same policy.

https://www.eff.org/deeplinks/2017/06/top-canadian-court-permits-worldwide-internet-censorship?page=1

#83 common sense on 10.24.17 at 8:38 pm

Yes let’s see interest rates rise steadily here (though badly needed) and see what the new % of Canadians who have to borrow to keep up with “basic expenses”, currently at 42%.

One way or another we will all pay to support those who FOMO and get themselves deep in debt through higher taxes, less services, wealth tax, etc…..

What do you choose?

#84 Bat Guano on 10.24.17 at 8:40 pm

I remember back in the early days of the Internet around 1990. On Usenet chat groups, new readers who were offended by the various opinions would constantly be proclaiming, “I’ve reported you to the moderator!” It was all so silly.

One day a moderator replied with,”Stop reporting people just because they have different opinions!” In the following years, things calmed down and people got used to the idea that freedom and the right to not be offended are mutually exclusive.

But in recent years, we’ve been going down a dangerous path where only certain government and media-sanctioned views are permitted. We end up with two distinct “truths”. The “truth” spoken in public forums, in media, by government… and the “real truth” spoken behind closed doors between trusted family members and friends.

#85 Long-Time Lurker on 10.24.17 at 8:41 pm

Sorry you’re getting banned, Garth. This is one of the few places I get to see a modicum of free speech. I think you can make an appeal somehow? Any semblance of due legal process anywhere? I hope you find a way around this. I’d be sad to see your website go.

Greater Fool, you’re on the list!

I can’t believe this. You got me banned at Hop Sing’s?

She named names.

(Seinfeld episode)

#86 mark on 10.24.17 at 8:49 pm

This wouldn’t be about racism, unless putting out a message different to CREA or TREB is racism now.

#87 MSM-Free Zone on 10.24.17 at 8:51 pm

#36 SCM on 10.24.17 at 6:44 pm
_________________________

Actually, there were 2 by-elections that day, and we all know how the other movie ended.

Posting may gain you credibility. Trolling half-truths, not so much…just ask the President of the Divided States of America.

#88 not 1st on 10.24.17 at 8:51 pm

Garth, just move your server onto campus and everything will be totally ok.

http://www.timescolonist.com/dalhousie-accused-of-white-supremacy-amid-escalating-tensions-over-racism-1.23073379

#89 TnT on 10.24.17 at 8:58 pm

#70 akashic record on 10.24.17 at 8:08 pm

WTF?! Who defines what “good reputation” is?

There are many different ways to calculate the “reputation score” of a website.

One way is to capture any of the IP Addresses “SPAMing” other IP Addresses i.e. some mail bot virus runs amok

Another way is through reporting abuse or offensive language.

Either way it is on a public forum and therefore subject to the “reputation score”, same like movie ratings.

Reputation scores are then used to easily build “protection” for the users on other networks.

If I am responsible for all my employees who surf the web through my Network then I don’t want people going to sites that are illegal or offensive.

Therefore paying for a service that supplies a “reputation score” for my filter will help route traffic away from sites that are going to add grief to my staff or expose my Network to harm.

Your suggestion to “best to delete the obvious trolls to control the responses” is the worst knee-jerk reaction

Trolls are like Pop-Up Ads.

They add no value to any forum and should be deleted. Any good moderator knows this….

#90 Democracy Is Mob Rule on 10.24.17 at 9:00 pm

“Category: Hate and Racism”, it said. Shocking, indeed.
______________________________________________

https://www.goodreads.com/quotes/7684770-truth-it-s-the-new-hate-speech-during-times-of

TRUTH – It’s the New Hate Speech: “During times of universal deceit, telling the truth becomes a revolutionary act” – George Orwell

#91 MSM-Free Zone on 10.24.17 at 9:00 pm

Remember ‘realtor, realtor, realtor’?

Didn’t really think they’d let that one slide by so easily.

Spineless pierre poutine cowards. Probably hired an ex-HarperCon robocaller.

#92 westcdn on 10.24.17 at 9:01 pm

This documentary about North Korea has stuck in my mind. It’s possible to create a society of sheep when you get rid of the malcontent – censorship. The last ten minutes …

I sure this video will disappear. It was sure hard to find.

http://www.dailymotion.com/video/xybxxr

#93 Smoking Man on 10.24.17 at 9:01 pm

Well, I finally sobered up enough to crawl out of my cave today. Was invited to a recruiting event by one of the big five banks, had no interest in going but a free open bar and periscope camera I could not resist. I was going to live periscope scum sucking wannabe employees sucking up to masters. Forgot the phone in the car, 4 blocks away.

The hiring managers, most middle-aged men spending way to much time talking to the young hotties, and giving old white, washed up has-beens little or no time at all. Sorry, Feminazis, it’s the law of the jungle, you can’t change human nature. and it doesn’t bode well for me either, the day of the IT contractor is in a sunset faze. Globalist want to pad the employment numbers to make poster boy T2 look good. 100% Amazon Headquarters 2 is coming to Canada.

In a nutshell, they are looking for full time only, no contractors at all. base pay 50k to 120k which is poverty wages in you live in the big smoke. I had one whine and four red stripe beers, damn good Jamaican beer.

I didn’t stick around, the CIO kept looking at me, think he knew who Smokey was. So I split, the GPS said an hour away from home. Empty water bottles left in a car are so underrated.

Garth sorry about the barrage last night really went hard on the bottle. 3 years since we buried Mark and my mom.

#94 Andrew Woburn on 10.24.17 at 9:05 pm

Of course, nobody in government has time for “little people” problems.

– Got a problem with your bank? Canada’s banking ombudsman probably can’t help

https://beta.theglobeandmail.com/report-on-business/rob-magazine/we-should-be-appalled-at-the-sham-that-is-canadas-banking-ombudsman/article36695349/

#95 akashic record on 10.24.17 at 9:06 pm

#60 jess on 10.24.17 at 7:41 pm

seriously would you rather have putin?
fraud captured on cell phone videos which they uploaded for russians to see …

In fact, as the above scene from the new, two-part FRONTLINE documentary Putin’s Revenge explores, Vladimir Putin clashed with then-Secretary of State Clinton in 2011 over her condemnation of Russia’s parliamentary elections.

More than 100,000 Russians had taken to the streets demanding Putin’s ouster, after cellphone video surfaced showing alleged stuffing of ballot boxes and campaign officials filling out ballots. changing votes using erasable inks etc etc…

—-

“Seriously would you rather have”… Clinton?

Now that the Washington Post confirms Clintons and DNC paid for the “Russia Trump dossier”?

Yes, the one with the Weinsteinian accusations.

https://www.washingtonpost.com/world/national-security/clinton-campaign-dnc-paid-for-research-that-led-to-russia-dossier/2017/10/24/226fabf0-b8e4-11e7-a908-a3470754bbb9_story.html?utm_term=.0a106fa3c3e7

#96 Jim on 10.24.17 at 9:07 pm

Larry Fink controls 5 trillion in financial assets
and he has something to say.

https://www.cnbc.com/2017/10/24/blackrock-chair-larry-fink-tells-investors-to-only-expect-a-4-percent-investment-return-with-a-balanced-portfolio.html

#97 acdel on 10.24.17 at 9:13 pm

Hey, at least Caterpillar is doing well; a good indicator!

I give up commenting on T2 and his associates; just keep printing the money; we will all be safe: right!!! lol

#98 Brendan on 10.24.17 at 9:19 pm

#24 Stone on 10.24.17 at 6:24 pm
I just like discussing portfolio return. 8.31% YTD. Lovely dividends on their way within the next 2 weeks which will hopefully plump things up. Thank you balanced and diversified portfolio.

Not too sure for how long you have been investing but easy now grasshopper, your posts reak of naivete, don’t get overly smug… your portfolio may have returned 3.5746395037% last week but it could be down around 30.75674% to 40.785594% from today’s value a year from now… We just don’t know.

Be humble and grateful and not overly attached to your gains… it will serve you well when things get hairy… that thou which thou market giveth, that thou which thee market may taketh (plus more, in a hot damn)…

#99 Last...but not leased on 10.24.17 at 9:29 pm

I have this unsettling feeling that T1’s vocal “fuddle duddle ” in conjunction with their “westward ho” erect middle finger … was the magical incantation that resulted in T2 .

#100 waiting on the westcoast on 10.24.17 at 9:37 pm

#76 Rexx Rock on 10.24.17 at 8:21 pm says…
“When I was in China this blog was blocked.I guess Canada is adopting the same policy.The goverment really created hate and racism indirectly through its policies”

People are responsible for their own actions and thoughts. Could policy allow it to be easier to go down that path…. sure. But make no mistake each person owns their own choices.

#101 spiro on 10.24.17 at 9:38 pm

it kind of looks like the government wants more inflation, this will help them increase rates

#102 Stone on 10.24.17 at 9:46 pm

#78 Dmitry on 10.24.17 at 8:31 pm
#24 Stone

Speaking of portfolios and ETFs.
Just transferred RESP to Questrade and was researching which ETFs to get.
I think I do not need more than 3, maybe 4 at the max. one is bond index ETF, another Canadian equities and third is US and international.
The problem is that there’s so many options and variations out there, hard to choose/decide.

——

Stick to plain vanilla ETFs. XBB, ZPR or CPD, VCN, VUN, XEF, XEC, XRE or their equivalents. Many years ago, I started with XBB, XIC and XSP, 40/30/30. Better to dip your toe in the water than to get overwhelmed and then extend yourself from there. Get a feel for it first and when, not if, the markets tank, don’t sell. Just rebalance. Better yet, contact Garth. Questrade is cost effective but someone else’s steady hand is likely worthwhile as well if you have a certain amount to invest and are unsure. If you can avoid costly mistakes, his fee could well be worth it and still leave you ahead. What Garth has posted for portfolio makeup and %’s on prior blogs is pretty good. At the end of the day, I don’t think he does it for the money but for people to get ahead when it comes to maximising their savings. And of course, consider all my advice questionable. After all, I’m just another nut on this blog forum as some have indicated. A million dollar nut but still a nut. LOL.

Just don’t do what one of my friends did for her kid. $60,000 sitting in a Tangerine informal trust account making pennies. I can’t convince her to do a balanced diversified portfolio because she feels she could lose money without realizing inflation is already doing that to the money. Every time she talks about it, a small piece of me dies.

Thanks for asking. An open mind is a good first step on your part.

#103 Hugh Janus on 10.24.17 at 9:47 pm

Obviously some snot nosed, basement dwelling, bed-wetting, cant handle the world, anti-trump, degenerate social justice warrior wanabee thought they could play with our rights and freedoms.

Accordingly the data trail would be present to ensure the offender be terminated forthwith and blackballed out of the industry.

Sjw’s be warned…..

#104 Smoking Man on 10.24.17 at 9:49 pm

Liberalism at it’s finest.
Democrats are going to jail soon.

http://www.zerohedge.com/news/2017-10-24/wapo-dnc-clinton-campaign-financed-infamous-trump-dossier

#105 Democracy Is Mob Rule on 10.24.17 at 9:50 pm

“Category: Hate and Racism”, it said.
____________________________________________

It doesn’t make sense to call this blog hate and racism. It should be called fake news, for denying the fact that real estate always goes up. Everyone knows it. Just ask the MSM.

#106 akashic record on 10.24.17 at 9:54 pm

#89 TnT

There are many different ways to calculate the “reputation score” of a website.

You miss the entire point.

Making judgement about people, about their opinion is not a technical issue or an area of technical competency.

Regardless of technical solutions that are used to claim ownership of the issue and competency.

“Trolls … add no value to any forum and should be deleted.”

In history that I know virtually all the thinkers who changed the world were seen as “trolls” by their peers.
For quite recently they were lucky if they were not burnt alive. I don’t trust the wisdom of troll-detectors and I don’t rely on them. I want to make my own conclusion. Even if the troll-detector is a human.

#107 meslippery on 10.24.17 at 9:54 pm

Rates are not going down unless the lights start going out. Not happening. — Garth
————–
Only people lending money benefit from higher rates.
So almost no one that matters.
If you need a return on investment invest it.

#108 People are Strange on 10.24.17 at 10:02 pm

If you don’t think foreign buyers are a blemish, look at realtor.ca. At the very bottom of the home page, there are quick links for Chineses buyers & investors as wells as US and India. Why?

#109 akashic record on 10.24.17 at 10:19 pm

The day is not over and yet an other bombshell about Syria.

NSA memo: Saudi Arabia ordered attack on Damascus International Airport with US knowledge in March of 2013, during the second term of President Obama.

http://www.zerohedge.com/news/2017-10-24/bombshell-nsa-memo-saudi-arabia-ordered-attack-damascus-international-airport-us-kno

#110 Karma on 10.24.17 at 10:19 pm

#4 I’m a newcomer on 10.24.17 at 5:25 pm
“I don’t believe the people posting on your blog have a problem with newcomers. I have the impression that they do a problem with foreign ownership of homes. When foreigners own homes, the real newcomers have less options of where they can live. Less options usually means less room for price negotiation I believe.

Foreign ownership and newcomers are two different things.”

100% agree. The other side of the coin those is that 20% newcomers year/year relative to 2015 was hard on those cities where most newcomers congregate (at least for the first few years).

#111 Purpose on 10.24.17 at 10:28 pm

What is the purpose of this blog?

It isn’t altruism as you’re in the financial industry.

Maybe stop deleting comments and let the chips fall where they may.

#112 Two-thirds on 10.24.17 at 10:28 pm

Sad state of affairs when getting into less red ink than expected is touted as great news. If the economy is healthy, why the deficit spending??! If extra revenue comes in, why is the deficit not trimmed?

Or is our government simply mirroring Canadians’ debt addiction? Has the country fully and permanently embraced economystics?

In 8 years, this pathetic blog has not seen a block like the one described today. Could this be a sign that the end (of the RE bubble) is nigh?

Maybe Happy Housing Crash guy has hit a nerve…

#113 marty mcfly on 10.24.17 at 10:36 pm

http://toronto.ctvnews.ca/cra-analyzing-pre-construction-condo-flipping-cases-to-find-tax-evaders-1.3647345

Hope they kept some spare money lying around

#114 Stanley on 10.24.17 at 10:36 pm

“Rates not going down unless the lights start going out.” Lots of lights going out at Sears. How many more percent of people within $200 of not meeting expenses will it take?

#115 SCM on 10.24.17 at 10:45 pm

#87 MSM-Free Zone on 10.24.17 at 8:51 pm
#36 SCM on 10.24.17 at 6:44 pm
_________________________

Actually, there were 2 by-elections that day, and we all know how the other movie ended.

Posting may gain you credibility. Trolling half-truths, not so much…just ask the President of the Divided States of America.

——————–

Yes there were 2. One was a Conservative hold in Alberta. They retained the seat previously held by Rona Ambrose.

The other was a Liberal pickup. They won a seat held by Conservatives. A seat the Liberals had not held since 1980. That’s a big deal. That’s the point I was making.

The pickup is a big deal. Generally, a party running a majority government would have a tough time in byelections. Not picking up seats off the opposition.

You need to smarten up. I shouldn’t have to spell things out for you.

It’s like you people don’t understand politics at all.

#116 Dead Cat Bounce on 10.24.17 at 10:51 pm

Hey what’s the latest in Milton ?
Is the Mayor okay… was his computer hacked too ?

#117 Smoking Man on 10.24.17 at 10:57 pm

#115 SCM on 10.24.17 at 10:45 pm

Liberals are finished. No matter what your confirmation bias tells you. Never bet forex kid. You will get crushed.

#118 Cristian on 10.24.17 at 10:58 pm

“People don’t vote for politicians who promise less. They vote for guys who will tax everyone else to give you more.”

Actually that is not always true. I am a small business owner with two kids. Guess what weighs heavier for me, the money the government gives me for the kids, or what they take from me with their new “fairness” thing? They may index all they want, to me they are all a bunch of clueless …. (fill in with your preferred term)
Anyone wants to guess who am I going to vote for at the next elections? (Hint: not Liberals)

#119 crowdedelevatorfartz on 10.24.17 at 11:04 pm

You have to love it.

The politically correct becoming the new censors of all they dont agree with.

My how open minded.

Extreme left fascists.
Nothing more.

#120 cramar on 10.24.17 at 11:07 pm

Seems the Liberal narrative is to enhance “the middle class.” Wild Bill M. just threw more cake to the working poor. Middle class means three classes in society—the poor, the large middle, and the elite rich. I get the distinct impression that when these rich politicians refer to the “middle class” they want us to believe that there are only two classes in society—the rich elite (which they avoid any optics that it is them), and the “middle class,” which is everyone else. They throw cake at the working poor who vote, and call them “middle class.” Give ’em cake in exchange for votes and hopefully they will forget they are picking up the tab while you dine on champagne and caviar, artisan bread and salmon.

#121 Pete from St. Cesaire on 10.24.17 at 11:08 pm

Hey Garth, you need to make your site accessible by typing in a Direct IP Access. That way the DNS routing censors can’t refuse to connect people to your page. People could memorize it or simply bookmark it and always have access. Your direct IP address would look something like ###.###.###.### instead of http://www.greaterfool.ca
Ask a good I.T. guy about it.

#122 SCM on 10.24.17 at 11:09 pm

#115 SCM on 10.24.17 at 10:45 pm

Lol you really think a kekservative like Schmeer will lead the Cons to victory?

You’re a forex pro, Smokey… ok answer 1 simple question. Is the CAD up or down overall since Trudeau took office.

I haven’t forgotten the collapsing freefall that Harper and the Cons left the Canadian economy and Canadian dollar when they get thrown out office in 2015. Have you?

Have you seen the sheer size of the budget deficits that Trump and the GOP are planning on running?

Don’t forget what I told you Smokey. Under Bush and a GOP Congress, the Canadian dollar went from 63 cents to par in 6 years. Look it up. Trump is Bush 2.0. Same idiotic trickle down tax cuts for the rich. Soros can’t wait for Trump’s tax plan to kick in.

#123 Smoking Man on 10.24.17 at 11:15 pm

DELETED

#124 Karma on 10.24.17 at 11:40 pm

https://globalnews.ca/news/3823410/new-zealand-ban-on-foreign-home-ownership-gains-attention-in-b-c/

#125 no longer so...liquidincalgary on 10.24.17 at 11:52 pm

@ Garth:

this blog has taken fire repeatedly for deleting posts that contain xenophobic, anti-immigrant, anti-Islam, Chinese-hating, racist comments

—————————————————————–

fear not Garth. I have found EVERY comment section on the web to be a cesspool of sentient sounding carnival peanuts!

#126 not 1st on 10.24.17 at 11:53 pm

SCM, dont play with the bull cause you will get the horn. SM is on record making about a half dozen election and real estate calls in the past few years. You are no match. I suggest you listen to him.

I know how your SJW mind works. You want to vote Liberal but cant understand why it doesnt help you. So you vilify rich folks to fill the gap and all is well in your world, right?

#127 IHCTD9 on 10.24.17 at 11:53 pm

#118 Cristian on 10.24.17 at 10:58 pm

They may index all they want, to me they are all a bunch of clueless …. (fill in with your preferred term)

————

Cement heads.

#128 Adrian on 10.24.17 at 11:57 pm

Sorry for repeating myself, but… Sovereign government deficits are absolutely necessary for the proper functioning of a capitalist economy. Please review Professor Steve Keen’s explanation on YouTube:

How Austerity Works
https://www.youtube.com/watch?v=0y5rP56OX78

#129 Chelsea on 10.25.17 at 12:03 am

Sounds like your site is being blacked out/silenced … mmmm.. getting to close to the truth of the matter! Keep rolling along, excellent posts … speak your mind (I know you do)… I do, and it has landed me in the deepest water … but, it does not phase me at the least. It’s supposed to be a country of free speech, to, some degree (without profanity) to express ourselves .. we wouldn’t be human otherwise …

#130 Karma on 10.25.17 at 12:06 am

#114 Stanley on 10.24.17 at 10:36 pm
““Rates not going down unless the lights start going out.” Lots of lights going out at Sears. How many more percent of people within $200 of not meeting expenses will it take?”

Lowering interest rates won’t save those people who are so close to the edge. Bankruptcy isn’t a bad thing. Those people, will be relatively better off as their debts get wiped out and they can start saving again. The problem with low rates for nearly a decade is too many people had been postponing the inevitable bankruptcy or consumer proposal that will help them get back on their feet and live debt-free, with less worries. The real losers from bankruptcies are banks, hence they got bailed out by low rates.

#131 Karma on 10.25.17 at 12:09 am

#115 SCM on 10.24.17 at 10:45 pm
“Yes there were 2. One was a Conservative hold in Alberta. They retained the seat previously held by Rona Ambrose.

The other was a Liberal pickup. They won a seat held by Conservatives. A seat the Liberals had not held since 1980. That’s a big deal. That’s the point I was making.

The pickup is a big deal. Generally, a party running a majority government would have a tough time in byelections. Not picking up seats off the opposition.

You need to smarten up. I shouldn’t have to spell things out for you.

It’s like you people don’t understand politics at all.”

—————

The real losers were the NDP. They went down 15 percentage points, while the Conservatives went down 10. The Liberals picked up all of the NDP vote and some of the Conservatives, while the Bloc Quebecois took the rest of the Conservative vote (They were Conservatives in the first place).

So it’s either they like Trudeau a lot or dislike Jagmeet a lot. Me thinks it’s the latter.

#132 Karma on 10.25.17 at 12:16 am

#115 SCM on 10.24.17 at 10:45 pm

Also, being the former mayor of an area in the riding helps when it comes to popularity and name recognition. So assuming that was a factor, it’s not exactly reflective of the country’s opinion.

https://globalnews.ca/news/3823449/justin-trudeau-liberal-quebec-byelection-win/

Currently, the Liberal lead is 4.2%, according to Nanos.

http://www.ctvnews.ca/politics/nanos-on-the-numbers

#133 IHCTD9 on 10.25.17 at 12:21 am

#122 SCM on 10.24.17 at 11:09 pm

Soros can’t wait for Trump’s tax plan to kick in.
——-

…and IHCTD9 can’t wait for the next Trudeau majority to kick in.

Politicians don’t wave their magic wands and produce a great economy or increase currency values. They can however royally screw things up, like chasing away jobs and private sector investment. This is where the Liberals really shine, along with burning money like cordwood.

The budget didn’t balance itself because Trudeau torches revenue like a round of Napalm hacky-sack in the bowels of hell. By the time he’s done, Gen Z will be euchred before they even get out of High School. Perfect kid for the job at hand IMHO.

A con win won’t change the end result, but they would slow things down. We need maximum financial destruction immediately, and continuously. We need the Trudeau Liberals in power with the ability to cast aside all opposition, indeed – I’ve been very pleased with Justin’s performance thus far. I’ll be voting for Trudeau twice, unless Jag can somehow be even more horrible.

#134 DON on 10.25.17 at 12:22 am

#101 spiro on 10.24.17 at 9:38 pm

it kind of looks like the government wants more inflation, this will help them increase rates

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

I had the same thought…now the bank of Canada will take the hit for raising interests rates and not the T2 government who are busy deficit spending in a robust economy…at least that is what the intended perception is. We are in the largest credit bubble – people are tapped out and some how miraculously all will be fine.

Tell that to the Sears employees. Won’t take make to bring down this house of cards. Any of the multitude of factors can crash the party.

On another note. I just go my latest stock of Pink unicorns. I know what you are gonna say – unicorns don’t come in pink. We here at Unicorn Inc. simply believe them to be pink and our customers believe us. Why would we leave them astray.

Better get your pink unicorns fast, everyone has one and now I offer you the low low price of 100 bitcoins. Financing available with good credit!

#135 DON on 10.25.17 at 12:29 am

MF – hates the liberals
SCM – hates the conservatives

Divide and conquer. Glad I am a free strategic voter – loyal to Canadians.

Last election the cons and ndp were bickering and trudeau came up the middle…watch out for the next couple of elections as the torch slowly passes from one large voting block to the new one.

#136 DON on 10.25.17 at 12:33 am

#119 crowdedelevatorfartz on 10.24.17 at 11:04 pm

You have to love it.

The politically correct becoming the new censors of all they dont agree with.

My how open minded.

Extreme left fascists.
Nothing more.
************************
Hitler was a jerk, Mussolini pulled his weenie…now it doesn’t work.

A song my grandfather taught me.

#137 FOUR FINGERS WATSON on 10.25.17 at 12:52 am

“Rates not going down unless the lights start going out.”
………………….

Rates not going up until bond buyers stop buying bonds that pay 1%. Thanks to quantitative easing the world is awash in liquidity. There is so much cash out there looking for a safe place to park that bonds that pay even a measly 1% get snapped up. When those guys stop buying is when rates will go up but that won’t be any time soon.

#138 David McDonald on 10.25.17 at 1:05 am

I was not blocked fortunately. It is disquieting to think where content filtering may lead. China is the ultimate totalitarian role model. You can’t even post to a blog site overseas from inside mainland China.
Could we get to this level of censorship? Bad actors like State sponsored Russian trolls and extremists funded by dark money are poisoning the web with fake news. An over reaction by government and in turn network managers to counter fake news might lead us down the path to censorship.
I suspect the worst danger in Canada would be a diffuse bunch of content filters set up by well meaning or butt covering network managers. The host of a small site would have to play wack-a-mole to keep his site up and in exhaustion might give up.

#139 Ronh on 10.25.17 at 1:27 am

The command is ping http://www.greaterfool.ca to get the IP.

#140 Disgruntled Condo Owner on 10.25.17 at 1:44 am

#124 Karma.
EXACTLY. Garth would have us believe foreign ownership has absolutely nothing to do with this. Yes local speculators are now playing a large part but this whole thing got started and is sustained by two equally complicit factors: 1) money that came from overseas Started this. Actually our biggest problem is the multi-millionaire migrants because these people are no longer considered foreigners. Multi-millionaire investment programs is a direct literal selling out of Canada. The federal liberals previous provincial liberals and current provincial NDP don’t want to do s*** about it. 2) forever free money. Bank of Canada rate all the way back to 1% and they don’t dare raise it any farther. osfi is like putting a Band-Aid on a broken leg. If interest rates are too low don’t introduce some rule to pretend they’re higher. Just raise the fucking rates.
The obvious fact is no Canadian or BC government wants housing to go down.
Garth you deleted my last comment to this effect I hope you don’t delete this one.

#141 morrey on 10.25.17 at 2:12 am

LOL :

As to foreign home ownership – it is a major problem. Houses selling for 3-4million in Richmond BC shows as being the poorest of 2016 census tracts.

“I think the fact of the matter is, that it’s housing that isn’t really affordable for local incomes,” Yan told Global News.

lets keep it real Garth: Offshore money – legal and illegal – is driving the prices upwards. Don’t hide your head in the sand. and major money laundering in VCR then goes to buy property as investments.

https://www.straight.com/news/694586/sfu-study-tries-sum-everything-we-know-about-foreign-buyers-and-vancouver-real-estate

#142 fishman on 10.25.17 at 2:50 am

Greenies in B.C. are hitting economic nationalism hard. Restricting foreign purchase of farmland, restricting Trust Agreements around R/E deals, & now copying NZ foreign ownership restriction on residential R/E. By the time the Dippers or Libs or even Cons decide to get on the bus it may have left.

#143 Dan.t on 10.25.17 at 3:16 am

#67 Vb1978 on 10.24.17 at 8:03 pm
#17 WelcometoSlurrey on 10.24.17 at 6:00 pm
Keep the posts coming…… by the time the actual yvr correction comes around, I won’t need a house anymore
:(……… maybe I should buy a grave plot now before that bubble happens ….

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

The bubble already applies to grave plots at least in Yvr $25 k at mountain view, the only cemetary in Vancouver proper http://bc.ctvnews.ca/mobile/running-out-of-room-vancouver-graveyard-charging-25k-per-plot-1.3366417

——————

And Canada’s fascination with anything Real Estate related continues. It truly is a sickness.

I bet in 10 years, scientists and social researchers will have a hay day studying BC’s love affaire with real estate.

Maybe the fact that on average every BC resident (living there and overseas, through shell corp or whatever) on average owns multiple properties, then the real estate board cites lack of supply as the reason, when it should be poor and I m mean truly crappy government designed policies that are the cause of the stupidity.

Give everyone access to free money, give extra incentives to buy, open up the market to foreign buyers (open the flood gates), allow media to brainwash the herd, zero realturd regulation, real estate grants, CRA has done zilch for 15 years to stop RE tax evasions (undeclared rentals, shadow flipping, pre-sale assignement flipping etc.), tax free gains on housing that has gone up 1000%, etc.

Anyhow, years ago there was articles about people flipping grave spots. I think when it gets to that point, you have to ask yourself who is responsible for unaffordable housing. Or maybe it is laundered Casino money now using crave sites to launder their billions of ill gotten and corrupt money. Again, gov policies and inaction, zero enforcement equals, forcing locals to compete with outside forces equals…

the only real economy in Canada. Canadians selling over priced houses to each other. Then watching hockey at tims, and keeping an eye on what the neighbours are doing…do they own more real estate than me?? Better pick up a few more pre-sales.

#144 Dan.t on 10.25.17 at 3:35 am

https://globalnews.ca/news/3823410/new-zealand-ban-on-foreign-home-ownership-gains-attention-in-b-c/

—————

“It’s not about stopping people from owning homes who live here and pay taxes,” he said. “It’s about ensuring British Columbians can live in homes in British Columbia.”

“When we turn our real estate sector into one for speculation as opposed to living, we have a problem.”

Weaver said the Greens plan on urging the NDP government to take a hard, thoughtful look at the issue of foreign ownership.

“The province is going to have to act,” Davidoff said. “We have a new government that was elected largely on a platform of ‘do something about high housing costs.’”

……

Don’t worry, the NDP is still studying the situation. They are on it! Only been how long now? No political party wants to touch the real estate gasbag. Aside from foreign money, how many locals have bet the farm on real estate? Can’t touch that hard earned equity.

Can’t be seen as the reason locals earning a average household income of a cool 84k (gov stat, maybe more now or there about) just can’t seem to afford that average 1 Million property price tag. Strange. At least 2 bedroom condos only cost 600k .

Actually, they can easily buy two condos, rent out one and retire in 6 years when the prices quadruple..sorry off topic,I just had a brilliant idea! I wonder how much money the bank will give me (add in Bank of mom, subprime lenders, credit cards…I wonder)….

#145 REALITY 1 on 10.25.17 at 4:06 am

Dear Mr. Turner,

Didn’t some poster here threaten hysterically to report this blog to the Human Rights Council or some such thing a week or two ago?

I recall that they specifically noted that they had “copied” a ‘screen shot’ of specific postings (that they claimed were misogynist or hate speech or something – including Garth’s responses) and stated that they were going to forward these to some government agency.

Is it possible then that some overzealous type in said agency then set about to BLOCK this website.

It may be worthwhile reviewing that posters IP particulars.

#146 Oft deleted much aligned stock picker on 10.25.17 at 5:25 am

BANNED

#147 ANON on 10.25.17 at 5:25 am

OT, there’s a triangle formation in oil price, which means a 2014 repeat. I remember no one could have seen it coming at the time…

#148 Dan.t on 10.25.17 at 6:27 am

#140 Disgruntled Condo Owner

Dead on. No one wants the party to end. Exactly my point earlier…poor and I mean piss poor gov policies made it this way and that was by design. Still waiting to hear peoples thoughts on the end game now that 70% or more own, most own multiple properties leveraged to the hilt, people owe 170$ per dollar earned… I guess savers are the true suckers.

Live like a king on borrowed money, put all eggs in one basket, if it works great, if not, then go bankrupt. I guess that has been the plan all along.

#149 maxx on 10.25.17 at 6:59 am

I can’t wait to find out who is behind this!

#150 westcdn on 10.25.17 at 7:18 am

Food for thought.

https://blackswanalert.com/2017/10/24/meet-americas-new-renter-class-baby-boomers/

I can infer explanations from the statistics but not one fits all. I know they are USA statistics and Canadians have a higher affinity for maximum RE ownership.

My general conclusion is that millennials are paying too much for RE ownership.

#151 Victor V on 10.25.17 at 7:25 am

#147 ANON on 10.25.17 at 5:25 am
OT, there’s a triangle formation in oil price, which means a 2014 repeat. I remember no one could have seen it coming at the time…

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

Do you think the Saudis will allow oil prices to fall prior to the Aramco IPO?

Follow the money.

#152 maxx on 10.25.17 at 7:25 am

#62 X on 10.24.17 at 7:52 pm

……..”All I heard today form Morneau was obvious vote buying at the taxpayers expense.”

Makes you wonder how much actual work the Liberals do outside of campaigning for the next election.

Anyways, the beefed-up CCB won’t help him. Nor the rest of the party.

Millennials don’t yet realize how screwed they are with the heaping mountains of debt being created by deficit spending at the way wrong time.

Maybe there’s an app for that.

In any event, when that day comes, those responsible for tomorrow’s fiscal misery will be enjoying their entitlements on a beach somewhere in the tropics.

#153 Millennial Realist on 10.25.17 at 7:47 am

Folks need to step away from the delusional, self-justifying bubble of this comments section when it comes to politics.

The Liberals are about to sweep Ontario and the country in 2018/19. Bet on it.

“The Conservatives and the New Democrats could hardly have hoped for better byelection timing than Monday’s. The ruling Liberals literally spent the campaign tripping over their shoelaces on and off Parliament Hill.

Andrew Scheer lost the Lac-Saint-Jean seat, but the Conservatives’ main concern should be the poor performance of the New Democrats. Their support dropped 16 points to 12 per cent on Monday.

Shave a few percentage points off the NDP across the board in Quebec and 20 more seats are within the reach of the Trudeau Liberals in 2019 — leaving the other three parties to divvy up electoral crumbs in Canada’s second-largest province.”

https://www.thestar.com/news/canada/2017/10/24/liberals-byelection-win-in-quebec-spells-trouble-for-other-federal-parties-hbert.html

And Ontario Liberals have been acquitted of all corruption charges too!

Never underestomate how much people still despise Harper and Harris in central Canada.

This is not Breitbart, people.

Morneau and Trudeau are not toast.

Your right wing dreams are.

#154 Pete on 10.25.17 at 7:58 am

We know it’s those in the RE industry who dont like truth. They are shady scum of the earth cry babies.

#155 Dharma Bum on 10.25.17 at 8:00 am

#23 FLHTK

“Interest rates will never rise more than 5% in Canada…”
——————————————————————–

Never say never. Things can change and turn on a dime for reasons nobody (not even you) can even begin to predict.

You read it here first.

#156 TurnerNation on 10.25.17 at 8:15 am

This weblog must become a safe and inclusive space for those traditionally marginalized communities and cultures in the financial planning process.

References to spousal income splitting may cause shame and disengender open dialog among those which are in not in Hetro-normative relationships.

Portfolio size estimations serve to enforce patriarchial standards about wealth hording and unfair income disparity.

Focus on beards and facial hair create undue authoritarianism – these being associated with oppressive historical figures, which perpetuate and trigger and systems of deep rooted oppression.

There is much work to be done here.

(And this is what I wrote off top of my head. Should I apply for a Government job?)

#157 crowdedelevatorfartz on 10.25.17 at 8:20 am

@#111 Purpose
“Maybe stop deleting comments and let the chips fall where they may.”
+++++

That doesnt work in Canada.

Hate Speech laws render illegal the racist rantings of the mob……..

https://www.google.ca/url?url=https://en.wikipedia.org/wiki/Hate_speech_laws_in_Canada&rct=j&frm=1&q=&esrc=s&sa=U&ved=0ahUKEwjeutKP4YvXAhUE02MKHWdEAp4QFggiMAM&usg=AOvVaw1amXhYj_OwhbpLTbmOZmcs

The Ministry Of Truth has made it so……

#158 crowdedelevatorfartz on 10.25.17 at 8:35 am

@#122 SCM
“I haven’t forgotten the collapsing freefall that Harper and the Cons left the Canadian economy and Canadian dollar when they get thrown out office in 2015. Have you?
Have you seen the sheer size of the budget deficits that Trump and the GOP are planning on running? ”

*******

What is the flavour of the water on Planet Delusia?

Trudeau has done nothing in the past two years except photo ops and massive budget deficts….
He’s riding the coattails of Harpers’ policies.

Good luck in Italy as a Temporary Foreign Worker.

#159 The Technical Analyst, CSTA, CPD on 10.25.17 at 8:45 am

http://www.greaterfool.ca
Category: Hate and Racism

Unfortunately I am not surprised at all. Even though I really enjoy the blog, http://www.greaterfool.ca by FAR is the most xenophobic, anti-immigrant, anti-Islam, Chinese-hating, racist and anti-trumpian website I go to.

Without context, that statement sounds harsh, but I don’t go to any other Hate and Racism site.

Maybe it is time to kill the comments?

#160 isuckless on 10.25.17 at 9:12 am

I have a question for this blog:
USA accountant told me that hte CRA is going to change rules for the US based partnerships: allegedly it will treat LLLPs and LLPs as corporations (like LLCs) begining in January 2018 and the only safe way is to change those to LPs as these will be grandfathered under new 2018 CRA rules. I have not seen this anywhere but the current policies make this completely believable. I know this is not really related to Canadian RE but if anyone can add useful information I will appreciate it.

#161 Victor V on 10.25.17 at 9:26 am

Census: Home ownership rates take historic dip as more Canadians opt to rent

http://business.financialpost.com/pmn/business-pmn/census-home-ownership-rates-take-historic-dip-as-more-canadians-opt-to-rent

OTTAWA — Not everyone wants to own a home these days, Evan Siddall concedes — not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something.

But Siddall’s experience is far from uncommon, the latest census figures show: 30-year-old Canadians are less likely to own a home today than their baby boomer parents did at the same age, mirroring a modest but unmistakable decline in the national home ownership rate.

At age 30, 50.2 per cent of millennials owned their homes, compared to 55 per cent of baby boomers at the same age. Young adults today are more likely to live in apartments than their 1981 counterparts, are less likely to live in single-detached homes, and — as Statistics Canada revealed over the summer — more likely than ever before to still be living at home.

#162 SWL1976 on 10.25.17 at 9:37 am

“The further society drifts from the truth, the more they will hate those who speak it”

#163 Gravy Train on 10.25.17 at 9:38 am

#146 Oft deleted much aligned stock picker on 10.25.17 at 5:25 am
BANNED

#117 Oft dleted much misaligned stock.picker on 10.22.17 at 11:35 pm
BANNED

#106 Oft deleted much maligned stock.picker on 10.22.17 at 8:15 am
BANNED

Garth, I don’t think this poster can take a hint! :)

#164 Mike in Edmonton on 10.25.17 at 9:41 am

https://www.reidbuilthomes.com is apparently bellyup in Alberta. All over the radio this morning although I can’t find the article(s) they were referencing except this one from Oct 6th re: them trying to stop the rumors they are going bankrupt lol

https://cochranenow.com/local/reid-built-homes-quashes-rumours

A couple that the radio station talked to said that they had 11 liens placed on their home totaling $50k, and when they went to the Edmonton office, it was locked and several other ppl in their same position were at the office. News outlets have not been able to get in contact with them. Someone on here may be able to confirm, but the discussion was that all of these people that just bought homes A) definitely no longer have warranty and B) can’t sell their house now b/c of the liens. Not sure how long that would last though. The couple also said a contractor went back to their neighbors house this week and either ripped down all the shingles they just put up or took back the bundles that were previously delivered and were sitting on the roof in stacks.

My co-worker had a house built by Reid 3.5yrs ago. In the last year she’s had 2 or 3 serious plumbing issues, and said that there are a TON of quick possession homes by Reid that have been available for sale for a long time.

Pretty contrary to what the MSM and realtors are telling everyone in Edmonton (and Alberta for that matter) that everything is all roses here and the market is strong.

#165 Ian on 10.25.17 at 9:49 am

US Fed watch:

Trump apparently asked for a show of hands in a meeting with Republican senators as to who they would prefer: John Taylor, or Jerome Powell. Apparently Taylor won.

Interesting to note that Kevin Warsh seems to not be being considered anymore. I heard about this starting a few weeks ago. It’s a shame as he would have been pretty solid. A definite hawk.

Taylor is definitely a hawk too, and even designed a new process around how central bank rates should be priced.

Would be great if Taylor is chosen, keeps raising rates, and teaches the BoC a lesson, who badly need it as they’re about to disappoint us big time today by not raising!

http://www.marketwatch.com/story/trump-asked-senate-republicans-who-should-be-next-fed-chair-and-john-taylor-reportedly-was-the-winner-2017-10-24

#166 Happy Housing Crash Everyone! on 10.25.17 at 10:10 am

You dirty Lying SHYSTERS. I thought all the immigrants were coming to Toronto?Ontario? The numbers have actually dropped? You SHYSTERS will repeat every lie again and again to financially CON people into financial ruin. True scum of the earth.

While 39 per cent of new immigrants still head to Ontario, that is down from 55.9 per cent in 2001.

http://www.cbc.ca/news/politics/census-2016-immigration-1.4368970

#167 Smoking Man on 10.25.17 at 10:15 am

#122 SCM on 10.24.17 at 11:09 pm
#115 SCM on 10.24.17 at 10:45 pm

Lol you really think a kekservative like Schmeer will lead the Cons to victory?

You’re a forex pro, Smokey… ok answer 1 simple question. Is the CAD up or down overall since Trudeau took office.

I haven’t forgotten the collapsing freefall that Harper and the Cons left the Canadian economy and Canadian dollar when they get thrown out office in 2015. Have you?

Have you seen the sheer size of the budget deficits that Trump and the GOP are planning on running?

Don’t forget what I told you Smokey. Under Bush and a GOP Congress, the Canadian dollar went from 63 cents to par in 6 years. Look it up. Trump is Bush 2.0. Same idiotic trickle down tax cuts for the rich. Soros can’t wait for Trump’s tax plan to kick in.
……

Grasshopper have you seen what’s just happened in the last 1/2 hour.

Resistance breached. USDCAD on fire.

#168 isuckless on 10.25.17 at 10:34 am

RE: child tax benefit:
People should have kids if they can afford that, the same for the houses. Crying a river when not being able to raise a kid on low income only means that decision to have a kid was not rational.
We don’t live in agrarian society where we need huge growth of population in order tow work the fields.
Why not have house tax benefits too? Oh, it seems we do in BC.

#169 Sonny on 10.25.17 at 10:36 am

Posted: Oct 25, 2017 10:00 AM ET

Bank of Canada keeps benchmark interest rate steady at 1%

http://www.cbc.ca/news/business/bank-of-canada-interest-rate-1.4370809

No surprise there. — Garth

#170 Ian on 10.25.17 at 10:46 am

FXC getting smoked since the BoC announcement…so much for ‘buy on the rumour, sell on the news’. Giant red bar on graph.

Down to 77.33…kind of belies the BoC text which said ‘the stronger dollar will reduce inflation’ – dollar not super strong anymore.

#171 Ole Doberman on 10.25.17 at 10:47 am

Sounds like New Zealand outlawing foreign money to bring RE prices back down:

https://www.armstrongeconomics.com/international-news/australia-oceania/new-zealand-to-foreigners-get-out/

Lets see how this turns out

#172 LivinLarge on 10.25.17 at 10:47 am

“Is it possible then that some overzealous type in said agency then set about to BLOCK this website” … While you might think so or even hope so, the OHRC has no such power.

The OHRC is an investigative body only.
Once the OHRC complete an investigation, absolute minimum 3 years, they can only refer the claim to the tribunal or drop the case…that’s it.

While the tribunal may have the power to order a remedy, there is still a judicial appeal process that would delay such a remedy’s enforcement.

#173 dgb on 10.25.17 at 10:51 am

re:child tax credit……look at your pay stubs people !!! how much do you Pay our great govt in taxes vs how much they give you….we would all be further ahead if they would simply take less in tax for those with children instead of going in debt to pay you a little that costs them much more to have taken from you and then given back to you because this all requires a barage of govt employees to instigate and we all know how expensive their wages and benefits are…why not just take less so we can afford our own child benefits!!!!!!!!! when are we ever going to get a govt party that can use their heads to save us all expense….I want the good ole days back when they did not take $1000 to offer some of you back $300….can you younger generation not ssee what they are doing and VOTE THEM OUT asap????Garth please run for prime minister as you seem to be the only one in favor of everyone making their own nest egg by their own profits!!!!!!please

#174 Tony on 10.25.17 at 10:53 am

Re: #161 Victor V on 10.25.17 at 9:26 am

I’m betting my own money Poloz will reinflate the housing bubble starting with the October jobs report this year. 69 cent dollar next year and a .5 percent Bank of Canada rate.

You must have too much money. — Garth

#175 n1tro on 10.25.17 at 10:54 am

USDCAD at 1.2787. SmokingMan, you millionaire again yet?

#176 Old Ron on 10.25.17 at 10:56 am

It is a prudent move by the B of C. NAFTA uncertainty is just one of the wild cards out there.

#177 NoName on 10.25.17 at 10:58 am

#159 The Technical Analyst, CSTA, CPD on 10.25.17 at 8:45 am

i dont understand people that want any form of censorship imposed upon people of difrent opinion. People are utterly brein washed, here in Canada, very little is happening upstairs lately.
As we all know that i am bearly smarter than a than the average bag of hammers, but its not hard to see that current liberal policies under strict political regime are not that much diferent from current and former communist regimes. i know many here are not fans of un, but here is UN’s, Universal Declaration of Human Rights, Article 18.

“Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers”

#178 Fran Deck Jr. on 10.25.17 at 11:10 am

It’s not Money Bags Morneau … his name is Willy Porno
https://mobile.twitter.com/JJ_McCullough/status/922941072266817538/photo/1

#179 jess on 10.25.17 at 11:14 am

Consumer Bureau Loses Fight to Allow More Class-Action Suits

By JESSICA SILVER-GREENBERGOCT. 24, 2017

Looking to head off a repeal, Democrats and consumer advocates branded the effort as a gift to financial institutions like Wells Fargo and Equifax. Both companies, in the face of corporate scandals, used arbitration clauses to try to quash legal challenges from customers.

The rule, Democrats argued, was precisely what was needed to protect the rights of vulnerable borrowers. Regulators and judges, including some appointed by Republican presidents, have also backed the position.

Class actions, they argue, are not just about the size of the payouts, which are typically spread out among a large group of people. They are also about pushing companies to change their practices. Large banks, for example, had to pay more than $1 billion to settle class actions beginning in 2009 that accused them of tweaking checking account policies to increase the amount of overdraft fees that they could charge customers.

“Tonight’s vote is a giant setback for every consumer in this country,” Richard Cordray, the director of the consumer bureau, said in a statement. “As a result, companies like Wells Fargo and Equifax remain free to break the law without fear of legal blowback from their customers.”

The agency found that once blocked from suing, few people went to arbitration at all. And the results for those who did were dismal. During the two-year period studied, only 78 arbitration claims resulted in judgments in favor of consumers, who got $400,000 in total relief.”

========
Baltimore’s ‘Kushnerville’ Tenants File Class Action Against Landlord
Tenants allege that a property management firm controlled by Trump son-in-law Jared Kushner’s real-estate company has unjustly charged them fees and threatened eviction to make them pay up.

by Alec MacGillis Sept. 27, 1:54 p.m. EDT
https://www.propublica.org/article/baltimore-kushnerville-tenants-file-class-action-against-landlord

#180 Chris on 10.25.17 at 11:21 am

Everyone wants to be a Keynesian in bad times. No one has the discipline to be a Keynesian in good times.

#181 The Technical Analyst, CSTA, CPD on 10.25.17 at 11:21 am

#122 SCM on 10.24.17 at 11:09 pm
#115 SCM on 10.24.17 at 10:45 pm
……

#167 Smoking Man: Grasshopper have you seen what’s just happened in the last 1/2 hour. Resistance breached. USDCAD on fire.

—-

I trade ForEX as well. Resistance is not support. Wait for confirmation before trading. (3 days is standard).

1.27930 is where it’s at the tick.

The BoC is the world’s 2nd more Hawkish bank next to the Fed. If you want to trade, trade the EUR or YEN.

#182 Stan Brooks on 10.25.17 at 11:22 am

CAD in free fall today.
Melting like a pile of … ice but much smellier.

https://www.theatlantic.com/business/archive/2010/12/30-most-dynamic-cities-in-the-world/67234/#slide4
One Canadian city – Montreal under number 27.

#183 Stanley on 10.25.17 at 11:23 am

“no surprise there”
Except to the Loonie

Thank the statement, not the decision for that. Markets did not anticipate a rate increase today. — Garth

#184 MF on 10.25.17 at 11:38 am

#170 Ian on 10.25.17 at 10:46 am

The BoC is simply an incompetent institution. Of course the right thing to do was increase the rates another teeny tiny .25% to help slowly deflate the debt bubble the country is in.

How can we have incredible financial numbers as recently as one month ago and now more “caution”? Did the previous .5 eency weency increase hurt the economy? Of course not.

It’s similar to how the US federal reserve would tell us how great the economy was, while keeping rates at “emergency levels”. It simply points to a lack of confidence in the stupid policies and utter incompetence of our central bankers.

Anyone else see our CPD go deeply red again? Thanks Poloz.

MF

#185 Stan Brooks on 10.25.17 at 11:38 am

#178 Fran Deck Jr. on 10.25.17 at 11:10 am
It’s not Money Bags Morneau … his name is Willy Porno
https://mobile.twitter.com/JJ_McCullough/status/922941072266817538/photo/1

Nice nickname.
Not surprised at all.
It spells entitlement, arrogance and low IQ.

His wet dream it seems is to screw 2 million small Business owners.

Willy Porno
The french villa
The blind trust
Bill C27
keep adding, an item daily.

But he, he is worried about the Canadians, don’t distract him.

What a joke we have become.

#186 TheDood on 10.25.17 at 11:41 am

Bad news for speculators who were flipping pre-construction condos. Feel sorry for the persons who will be audited. Once CRA get their rat-claws into you, it is a most unpleasant experience.

http://business.financialpost.com/real-estate/cra-analyzing-pre-construction-condo-flipping-cases-for-tax-avoidance

#187 Old Ron on 10.25.17 at 11:41 am

@ Stan Brooks “CAD in free fall today.”

Which is a Bullish signal for real estate, the TSX, and balance of trade.

#188 Chicken Little on 10.25.17 at 11:49 am

MF:
I believe you! People quickly forget and completely ignore their favourite politician’s gaffs. It’s ok for some, but not for others. The very definition of hypocrisy.

#189 Eloise on 10.25.17 at 11:54 am

Cool. Sometimes your deleting/non-deleting of posts is questionable. Case in point – the Romanian/gypsy drama from a few posts ago.

#190 MF on 10.25.17 at 12:00 pm

182 Stan Brooks,

Not sure I agree with that list. Kalkuta is higher than New York? Actually I didn’t even see NY.

And Istanbul number one?

Yeah no thanks.

MF

#191 Fake News Again on 10.25.17 at 12:15 pm

Houses cost a stupid amount because credit’s too cheap and Canadians too horny for them, not because offshore dudes are stealing our real estate. Stats support that. Common sense confirms it. Most of all, this blog will never fall to the lowest common denominator of dissing the newcomers who come here, often heroically.

Actually….the stats DO NOT support that. A new study by UBC says that 10% of RE in Van are bought by foreigners….and of course you can easily slap on another 10% of proxies whom are classified as “locals”. So unless you want to call the Sauder School of Business wrong…..

ZING………

They’re wrong. — Garth

#192 Smoking Man on 10.25.17 at 12:15 pm

#181 The Technical Analyst, CSTA, CPD on 10.25.17 at 11:21 am
#122 SCM on 10.24.17 at 11:09 pm
#115 SCM on 10.24.17 at 10:45 pm
……

#167 Smoking Man: Grasshopper have you seen what’s just happened in the last 1/2 hour. Resistance breached. USDCAD on fire.

—-

I trade ForEX as well. Resistance is not support. Wait for confirmation before trading. (3 days is standard).

1.27930 is where it’s at the tick.

The BoC is the world’s 2nd more Hawkish bank next to the Fed. If you want to trade, trade the EUR or YEN.
…..
NAFTA is going to die. Let’s see how hawkish BOC is then.

#193 Fake News Again on 10.25.17 at 12:19 pm

#168 isuckless on 10.25.17 at 10:34 am
RE: child tax benefit:
People should have kids if they can afford that, the same for the houses. Crying a river when not being able to raise a kid on low income only means that decision to have a kid was not rational.
We don’t live in agrarian society where we need huge growth of population in order tow work the fields.
Why not have house tax benefits too? Oh, it seems we do in BC.

_________

Or people could GROW A PAIR and force the Govt to CUT ITS SIZE by 15% – like the private sector – pass the savings on the taxpayers and make it AFFORDABLE to have children.

Small Govt. Low taxes…..GEE ….what a concept.

#194 Fake News Again on 10.25.17 at 12:21 pm

Actually….the stats DO NOT support that. A new study by UBC says that 10% of RE in Van are bought by foreigners….and of course you can easily slap on another 10% of proxies whom are classified as “locals”. So unless you want to call the Sauder School of Business wrong…..

ZING………

They’re wrong. — Garth

_______________

Please call the super smart dudes at the University. Talk with them for an hour….and get back to us. Links/stats as you like to say. And why is “everyone else” always wrong Garth?

#195 Stan Brooks on 10.25.17 at 12:40 pm

What a pile of lies.

Read the comments.

https://twitter.com/Bill_Morneau/status/922920807352844288?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

https://twitter.com/Bill_Morneau/status/922921064585248769?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

https://twitter.com/Bill_Morneau/status/922921861515636736?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

#196 jess on 10.25.17 at 12:46 pm

http://www.cbc.ca/news/canada/ottawa/multimedia/rental-unit-overrun-by-maggots-mould-and-feces-after-city-program-fails-landlord-1.4362256

contrast to finland

https://www.theguardian.com/housing-network/2016/sep/14/lessons-from-finland-helping-homeless-housing-model-homes

Young people given cheap rents in Finnish seniors home (do not replace workers) be good neighbours 5hrs /week

By Eoghan Macguire, for CNN

Updated 5:54 AM ET, Thu January 21, 2016

http://www.cnn.com/2016/01/21/europe/helsinki-seniors-home-oman-muotoinen-koti/index.html

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

May 22 2017

When Andrew reported mould to his landlord he didn’t expect to be evicted
Lucy Cormack

Lucy Cormack
Labor will end no grounds evictions in NSW

Two million people would be saved from no grounds evictions and be able to sign five-year leases under Foley’s proposed reform to NSW’s rental regulations.
http://www.smh.com.au/business/consumer-affairs/tenants-fear-eviction-for-challenging-rent-reporting-repairs-20170521-gw9mb6.html

#197 Smoking Man on 10.25.17 at 12:49 pm

Back on Sept 27 USDCAD was at 1.23 when I called it,

#190 Smoking Man on 09.27.17 at 2:44 pm

Bombardier gets bitch slapped by Trump. 200% + Taraf.
T2 is out of his league, to consumed with putting transgender and no existant woman’s issues crap into NAFTA.
Truly Remarkable. Is there anything between rich boys ears.

USDCAD on fire.

Poloz chickens out on the next rate hike. Wonder if it’s related to the Taraf. Or maybe Poloz knows the confiscation of wealth from small biz is a disaster waiting to happen.

#198 Stan Brooks on 10.25.17 at 12:54 pm

His house and his villa

http://virtualglobetrotting.com/map/bill-morneau-and-nancy-mccains-house-in-bennington-heights/

http://virtualglobetrotting.com/map/bill-morneau-and-nancy-mccains-mas-villa-in-provena-e/

He thinks about you.

#199 IHCTD9 on 10.25.17 at 1:00 pm

#153 Millennial Realist on 10.25.17 at 7:47 am

This is not Breitbart, people.

Morneau and Trudeau are not toast.

Your right wing dreams are.
__________________________________________

This is excellent news as my right wing dreams involve 3-4 consecutive Trudeau majorities. I could not hope for a better result than this. Frankly, I’d be overjoyed.

The longer these two dingbats can run the show, the more truth will escape Ottawa never to be corralled again. Little by little. Canadians will see the truth emptying their bank accounts, and moving their good paying full time jobs to other countries. Eventually Canadians will come to realize that they’re right and truly screwed – especially those in Urban centers who are totally reliant on good solid employment to cover the massive mortgage and provide a pension in retirement.

There is no better teacher than a sudden situational awareness after losing your job, realizing your prospects of getting another of equal quality suck, and breaking out a calculator only to realize you’re in the red come next month.

#200 maxx on 10.25.17 at 1:12 pm

#74 tkw on 10.24.17 at 8:11 pm

“hope all these doughheads (and I’m not talking politicans here but moneyhoarders) dissing people trying to raise families these days remember who’s gonna be changing their diapers when they’re old…families need a break and the current government is the best I have seen in a very long time”

What do you think “politicans” Trudeau, Morneau and many of their other “doughhead” colleagues do? Give that dough away? Give your addled head a shake. They’ve simply thrown a few of your pathetic tax crumbs back to you.

Newsflash: apart from the truly wealthy, most everyone needs a break. Not just ageist snowflakes.

#201 tulips on 10.25.17 at 1:30 pm

Once you cross the bridge – sending couples money for having children – it’s impossible to ever go back.

—————————————————————–
I wish that were true. We used to get a couple hundred a month to help with the cost of raising 4 kids. Now under T2 we get zero.

Congrats, you graduated from the middle class. — Garth

—————————————————————–
Nope – still well in the middle class. After six years of renting, saving, and investing, my net worth is behind most of my friends with lower incomes. But they all bought the maximum houses they could afford while saving and investing nothing. And their windfalls will have no tax liability. The kicker is they also get the child benefits.

For the past six years I’ve been sure that the RE outperformance trend is near over, but I’ve been wrong every time. If this goes on for another couple years, I’m going to regret not buying today. This is getting tiring.

#202 Blacksheep on 10.25.17 at 1:42 pm

I recently saw figures from one of Flop’s links showing Canada produces, almost as many cars as the US of A, even though we have 1/10 their population?

Wait for it…..

“Canada is a currency manipulator and we are going take back our jobs.”

I think NAFTA is toast.

#203 RL on 10.25.17 at 1:47 pm

“Lots of economists think not, arguing that when the economy is better than expected (like now) government should turn off the spending tap so they have resources to turn on when the next downturn arrives.”

Are they suggesting we can’t continue with unrestrained spending forever? Party poopers.

#204 RL on 10.25.17 at 1:52 pm

#4. “I don’t believe the people posting on your blog have a problem with newcomers. I have the impression that they do a problem with foreign ownership of homes. When foreigners own homes, the real newcomers have less options of where they can live. Less options usually means less room for price negotiation I believe. Foreign ownership and newcomers are two different things.”

Complete agreement. It’s the commodification of housing that is so alarming. Actual residents can’t afford to live in their communities anymore. That’s a problem, and claiming that the market will do what the market will do is no longer acceptable. Governments have to step in with regulation at some point, even if it is a blunt instrument.

It’s been well established that speculation by locals, not offshore buyers, has played the largest role in the commodification of housing. But, believe what makes you happy. — Garth

#205 new zealand bans foreign ownership on 10.25.17 at 1:56 pm

http://www.bbc.com/news/business-41745129

#206 Overheardyou on 10.25.17 at 2:01 pm

#66 makingcents on 10.24.17 at 8:02 pm
#16 MF

I am not in favour of the child tax benefit.

It basically is a carrot stick to pander to simple minded folks and get them to vote Liberal.

They get taxed more, economy slows and get paid less, but get a couple hundred morsels every month.

As with any benefit, it will just be abused more than anything.

MF

OKKKKayyy MF. Long time reader here, not a responder, but you had better think twice about your comment. I CHOSE to go without work for 7 years while my children were of school age because I could not afford to make $10/hr even though my spouse is above middle class in his own earnings as a public servant. I use that money to get my post-secondary education so that I can further our growth and so that I am not a $10/hr earner. So, maybe I ‘use money that you put into the system’… but it is to better the GDP of our nation. PS we are all in this boat together.

—-

I think you missed your boat. Post secondary education is worthless today. Self education is the future. Employers are looking for people who can adapt and improve their companies through their track record. They don’t care about a piece of paper that put you into debt. Should’ve really thought that through before having kids.

#207 Stone on 10.25.17 at 2:08 pm

#184 MF on 10.25.17 at 11:38 am
#170 Ian on 10.25.17 at 10:46 am

The BoC is simply an incompetent institution. Of course the right thing to do was increase the rates another teeny tiny .25% to help slowly deflate the debt bubble the country is in.

How can we have incredible financial numbers as recently as one month ago and now more “caution”? Did the previous .5 eency weency increase hurt the economy? Of course not.

It’s similar to how the US federal reserve would tell us how great the economy was, while keeping rates at “emergency levels”. It simply points to a lack of confidence in the stupid policies and utter incompetence of our central bankers.

Anyone else see our CPD go deeply red again? Thanks Poloz.

MF

——

Patience on CPD. I believe today is the ex dividend date which talks to some of the drop. The rest is just the highly margined active traders and amateur day trading investors getting their margins called. Or at least, that’s what I hope for. LOL

For the rest, I agree. BoC were wusses today.I prefer Poloz the hawk, not limp handshake Poloz that we saw today. That’s ok. Even if BoC is not at forefront of rate hikes, the rest of the world will be soon enough and then the BoC will have no choice to follow.

#208 things to do today on 10.25.17 at 2:13 pm

Teaching Amazon’s “AI”, Alexa to shut down Amazon cloud. “She” is pretty dumb, though…

#209 Trawna on 10.25.17 at 2:22 pm

Here’s an inconvenient truth: Al Gore Rhythms are the best.

#210 AGuyInVancouver on 10.25.17 at 2:25 pm

It’s been well established that speculation by locals, not offshore buyers, has played the largest role in the commodification of housing. But, believe what makes you happy. — Garth
_ _ _
On a Canada wide basis, sure. In Vancouver not so much. I realize this kind of critique is a fine line, but it’s not about the ethnicity, its about the money being moved around. As “Newcomer” pointed out on yesterday’s post, legitimate new immigrants are hurt by the inflow of offshore capital just as much, if not more, than long term residents. How do you establish a new life in an area with such outrageous housing costs?
No wonder today’s StatsCan dump shows new arrivals heading to the prairies.

Remember the torched Shaughnessy mansion fro earlier in the week? Turns out the owner Mr. Pan isn’t just infamous for hosting Justin’s pay for play fundraiser, he owns homes in Vancouver and Richmond that were cited for being run as illegal hotels. Nice company our PM keeps. https://beta.theglobeandmail.com/real-estate/vancouver/no-deterrent-for-prolific-illegal-hotels-inrichmond/article33356860/?ref=http://www.theglobeandmail.com&

#211 jess on 10.25.17 at 2:26 pm

The opposition research was initially funded by an unknown Republican consulting firm, which pulled the plug once Mr Trump captured the party’s nomination.

The Clinton campaign then picked up the tab, according to the reports.”….
=====================
When did the committee get the private TDbank records?
but the …” The identities of the Republicans and Democrats who commissioned Fusion are still unknown.
http://www.businessinsider.com/fusion-gps-trump-russia-subpoena-bank-records-2017-10

#212 Howard on 10.25.17 at 2:28 pm

Sounds like New Zealand’s government is putting its own citizens first. How racist!

#213 bdwy sktrn on 10.25.17 at 2:51 pm

tsla – ugly drop today -12.20$

down 21$ since the weekend call of a top. (346)

you ain’t seen nothing yet.

#214 TnT on 10.25.17 at 3:15 pm

Our Biggest Economic, Social, and Political Issue
The Two Economies: The Top 40% and the Bottom 60%

Ray Dalio’s version of Us and Them….

https://www.linkedin.com/pulse/our-biggest-economic-social-political-issue-two-economies-ray-dalio

In Summary

Average statistics camouflage what is happening in the economy, which could lead to dangerous miscalculations, most importantly by policy makers.

For example, looking at average statistics could lead the Federal Reserve to judge the economy for the average man to be healthier than it really is and to misgauge the most important things that are going on with the economy, labor markets, inflation, capital formation, and productivity, rather than if the Fed were to use more granular statistics.

That could lead the Fed to run an inappropriate monetary policy.

Because the economic, social, and political consequences of an economic downturn would likely be severe, if I were running Fed policy, I would want to take this into consideration and keep an eye on the economy of the bottom 60%.

———-

Great article from my 2nd favorite money man….ooops.. I mean money person!

#215 Ian on 10.25.17 at 3:18 pm

#207 Stone
#184 MF

Couldn’t agree more MF. It’s just ridiculous they would raise so aggressively and then just stop. Such incompetent signals to send the market.

That CPD graph is UGLY!! Price momentum oscillator on Stockcharts turning super bearish for it. Big red bar there too!

Looks like FXC has cracked 77 and now high 76’s.

Here’s another question: how do we go from 4.5% GDP growth in Q2 to 1.8% projected by the BoC in Q3? And then 2.5% in Q4? That is beyond words. How could there be that precipitous a drop? I mean, I didn’t expect the 4.5% to be sustainable obviously either, but a drop of that much? That is just crazy.

#216 Gravy Train on 10.25.17 at 3:29 pm

#208 things to do today on 10.25.17 at 2:13 pm

“Teaching Amazon’s “AI”, Alexa to shut down Amazon cloud. ‘She’ is pretty dumb, though…”

Dave Bowman: “Open the pod bay doors, HAL!”

HAL 9000: “I’m sorry, Dave, I’m afraid I can’t do that.”

#217 We all know the $ fell on 10.25.17 at 3:35 pm

#197 Smoking Man on 10.25.17 at 12:49 pm
Back on Sept 27 USDCAD was at 1.23 when I called it,
#190 Smoking Man on 09.27.17 at 2:44 pm
Bombardier gets bitch slapped by Trump. 200% + Taraf.
T2 is out of his league, to consumed with putting transgender and no existant woman’s issues crap into NAFTA.
Truly Remarkable. Is there anything between rich boys ears.
USDCAD on fire.
Poloz chickens out on the next rate hike. Wonder if it’s related to the Taraf. Or maybe Poloz knows the confiscation of wealth from small biz is a disaster waiting to happen
……………………………………………………………….
Yes, yes, yes so what….. You sound like Donald J Trump always gotta tell us how great he is and how he has done everything on his own. Perhaps he is an illegal alien just like you? Jesus you sound like a jerk always defending yourself and patting yourself on the back. Wow must be low self esteem and lack of confidence.
BTW I thought you were a rich guy going to the warmer climes during our dark despair up here in the great white north?

#218 NoName on 10.25.17 at 3:39 pm

Of topic but interesting. When numbers for tesla 3 came out few weeks ago, must went on speaking abut mission to Mars, hypersonic tube and 2o min international flights…

Last time I we were in mickey mouse world, I took orange ride
2.5g for less than 6min, next few days I felt like mad head was swollen. I wonder how I would feel if i subject my self for full 20 min. Of it.
Last time I felt same way was after car accident a year ago. I bet that musk international flight won’t be as pleasent as people think.

https://www.cnbc.com/amp/2017/10/25/steve-wozniak-theres-way-too-much-hype-around-elon-musks-tesla.html

#219 Victoria the original on 10.25.17 at 3:46 pm

Everyone from Vancouver is moving to Victoria …. Everyone….

http://vancouverisland.ctvnews.ca/video?clipId=1241117

#220 Stone on 10.25.17 at 3:53 pm

#215 Ian on 10.25.17 at 3:18 pm
#207 Stone
#184 MF

Couldn’t agree more MF. It’s just ridiculous they would raise so aggressively and then just stop. Such incompetent signals to send the market.

That CPD graph is UGLY!! Price momentum oscillator on Stockcharts turning super bearish for it. Big red bar there too!

Looks like FXC has cracked 77 and now high 76’s.

Here’s another question: how do we go from 4.5% GDP growth in Q2 to 1.8% projected by the BoC in Q3? And then 2.5% in Q4? That is beyond words. How could there be that precipitous a drop? I mean, I didn’t expect the 4.5% to be sustainable obviously either, but a drop of that much? That is just crazy.

——

Have you heard of the game called darts? I hear it’s real popular at the BoC lately. LOL

#221 Ronaldo on 10.25.17 at 4:41 pm

#214 TnT

”Great article from my 2nd favorite money man….ooops.. I mean money person!”
————————————————————-
‘Guy’ would be acceptable. After all, everyone is a Guy, right? Go into any restaurant with your wife or husband and they greet you, “Hi Guys”, table for two? Wife once said for the fun of it, ‘I’m not a guy’.

#222 Smoking Man on 10.25.17 at 4:45 pm

Zero Guy take on why Poloz chucked out with a rate hike.

http://www.zerohedge.com/news/2017-10-25/canadian-real-estate-prices-see-largest-dropseptember–2010

My take October saw some buyers come into the market followed buy a new serge in Listings.

#223 HaHaHa on 10.25.17 at 4:50 pm

Trudeau is an idiot and all that voted for him too. This boomer wants you to keep voting for him though. Soon retiring and going to head east northern Ontario and reap the liberal way of life. Smoking reefer, legal or not. Making money investing in bitcoin and pot. See a conservative will always win. Gotta go and book surf vacation for January.

#224 Ronaldo on 10.25.17 at 4:54 pm

#210 AGuyInVancouver on 10.25.17 at 2:25 pm

It’s been well established that speculation by locals, not offshore buyers, has played the largest role in the commodification of housing. But, believe what makes you happy. — Garth
_ _ _
On a Canada wide basis, sure. In Vancouver not so much. I realize this kind of critique is a fine line, but it’s not about the ethnicity, its about the money being moved around. As “Newcomer” pointed out on yesterday’s post, legitimate new immigrants are hurt by the inflow of offshore capital just as much, if not more, than long term residents. How do you establish a new life in an area with such outrageous housing costs?
No wonder today’s StatsCan dump shows new arrivals heading to the prairies.
————————————————————–
Knowing what has been happening in a certain area of Vancouver that I’ve been monitoring over the last few years I feel that a lot of the increase in lot values has been the result of speculators buying up these properties, tearing then down and rebuilding and obtaining “super profits” on resale. As was happening in Alberta in the early 2000’s and as was happening in Vancouver in the early 70s. New arrivals were being sucked into paying these outrageous prices back then too. Realtors are a big part of the problem too and I know of situations where that can be proven regarding certain sales that I’m aware of. The ‘teardown and rebuild’ is a big part of the reason for the increase in prices. I would guess that since 2008, 1.4 million of the value of these lots was due to “super profits” by the builder/flippers.

#225 SilverSon on 10.25.17 at 5:13 pm

#201 tulips on 10.25.17 at 1:30 pm

“For the past six years I’ve been sure that the RE outperformance trend is near over, but I’ve been wrong every time.”

Six whole years, huh? Look back a little further, like the past 30 or 50 or 100 years. You’ll see that the past six years is a huge anomaly (or a “bubble” as some would call it) and there’s been a number of them since the real estate cartel began feeding Canadians their “house Viagra”. Your comment is no different than seeing a stock go up in value and saying you should have bought some a few years ago. If you really think that any particular investment will still go up after a run of completely unrealistic gains (whether it be a house or anything), then go ahead and buy it.

What I find completely insane about Canada is that individual people agree to pay more for a house than what a company will pay to acquire a small profitable business (~$1m annual revenues) with double-digit EBITDA and good IP. Seen about 8 of these deals pass across my desk over the past five years and it boggles my mind how people see value. I seriously don’t understand how Canada isn’t going to go bankrupt with such twisted priorities. Way too much attention focused on how to spend money and not enough on how to earn it.

#226 jess on 10.25.17 at 7:03 pm

The Arbitration Trap: How Credit Card Companies Ensnare Consumers

This report details how arbitration firms and credit card companies enjoy a cozy, mutually beneficial relationship at the expense of consumers they force into binding mandatory arbitration. Using data from California, the findings provide a glimpse of how arbitration traps consumers throughout the country in unfair, secret proceedings where for-profit arbitrators make the rules. Public Citizen’s research uncovered consumers who spent years fending off collection agencies, cleaning up identity theft messes and struggling to bounce back from credit rating hits.

https://www.citizen.org/our-work/access-justice/arbitration-trap

Attorney General Swanson shut down the largest consumer credit arbitration company in the country after discovering that it stacked the deck against consumers and in favor of credit card companies and had hidden ties to the collection industry.

https://www.ag.state.mn.us/office/agbio.asp

http://wallstreetonparade.com/2017/02/wall-street-financed-jeb-hensarling-for-its-propaganda-war-now-in-full-swing/

#227 Dmitry on 10.25.17 at 7:40 pm

#102 Stone

Thank you for all your recommendations and advice, I really appreciate them.
You’re right, I really need to make a move and go ahead with 3 ETFs to get a feel for it, otherwise will never do it with all these gazillion of options and choices.
I’ve actually sent an email to Garth few months ago inquiring about his services, but did not get a response.
Maybe my email did not get to him or maybe he just ignored me as I’ve mentioned that I invested in RE as well (rental condo).
In any case, I’m not against, but all for getting professional advice or service, so if you’re reading this Garth, please email me.

Thanks again Stone.

I return every email I see. After reading this I did a search and found your note of July 13th in a spam folder. I will respond to your questions. — Garth