M&V

Despite the efforts of modern politicians to fuzzify genders and blur sexes, men and women are different. For one thing, the females last longer. That might have something to do with 55-year-old guys playing hard hockey after doing nothing but watching it for half a decade, operating heavy equipment in flip-flops or learning how to wire a 220-volt outlet on YouTube.

Men roll the dice, too. It’s why the dudes can’t help buying penny mining stocks, putting their entire life savings into Tesla shares or loading up with four pre-con condos they can’t possibly afford to close on. It’s about winning. Scoring. Dominance. The Smartest-Guy-in-the-Room syndrome. Lots of men simply can’t see the difference between investing and gambling. They want instant gratification, big returns, fat cap gains – even when it means bloated risk and heavy borrowing.

But for women (to keep on wildly generalizing), risk is the enemy, to be avoided, shunned, diminished and escaped from at all costs. It’s why, if you frequent female-dominated websites like those of Gail Alphabet, the No. 1 goal is simple and dominant: pay off debt. The focus isn’t on multiplying money, but escaping obligations – that’s the path to financial independence and freedom.

After that, as this blog can attest, the big life goal of females seems to be securing a home. So real estate – rather than being wealthy – is the prize. And once you get some, paying down the mortgage (no matter how cheap the interest rate may be) is the driving reason to be employed. Real estate equals security, a nest for a family, a shelter from external forces and, lately, all the financial plan anybody needs.

I can’t count the times Mars and Venus have sat across the desk. One economic unit, forever and inextricably intertwined, romantically and emotionally embraced, mutually-dependent yet with secretly competing agendas about how to achieve common goals. Sometimes the result is conflict, but usually one partner yields a little more. Too often it’s the woman.

Lately catering to women and girls is the Big New Thing in the financial business. There are efforts to recruit women advisors, special programs for women entrepreneurs, unique courses, lectures, seminars and even products for women. At the heart of it is a belief women come at money in a disadvantaged way, because they earn less and are expected to rear kids, keep homes, tend aging parents and put up with dodgy husbands. The wage gap may be related to leaving the workforce more often for family reasons, but over time it can be crippling. So women need to work harder at investing to close that gap.

And therein may lie a problem.

By focusing on risk, not reward, and real estate rather than retirement, the advice a lot of women are getting is bunk. It leads them to embrace GICs and those awful HISAs instead of equities and ETFs. They strive to retire home loans with sub-3% rates with money that could earn twice that amount if conservatively invested. They chose to collect interest, and pay tax at their marginal rate on every dollar, rather than halve the tax bill by collecting dividends or capital gains. For too many, investing means “not losing money” instead of making it.

Okay, but wait. Women live longer. They earn less. So they require more.

My mother outlived my father by eight years. Dorothy’s mom survived Vic by over a decade. Without a doubt the most challenging years for them both, financially, came when alone. Granted, they were from a Leave-it-to-Beaver generation when being a stay-at-home mom was the norm and Guys Knew Everything, but their final years attested to a lack of planning. Both had real estate to sell. Both found that was not enough. When you’re old, you need cash flow.

These days it’s fashionable to blame men for society’s ills. Much of it’s deserved. We can be dorks. As mentioned, many guys have horrible investing and money management skills, not to mention leaving the seat up and buying stupid cars. But both genders have serious money handicaps to overcome. The seeds of failure are planted deep. Embracing reckless risk or fleeing from any of it are both lousy strategies.

The greatest threat, after all, is not losing money in a failed investment. It’s running out.

Mars and Venus have much to teach each other.

117 comments ↓

#1 jermike on 09.24.18 at 5:03 pm

the wage gap is a myth garth

#2 crowdedelevatorfartz on 09.24.18 at 5:03 pm

Let the gender arguements commence!

#3 Jungle on 09.24.18 at 5:14 pm

Great post. Both sexes are Equally guilty of having poor money habits.

I feel most have great opportunity to be more financially savvy and use money as a tool to improve their standard
Of living and well being.

#4 Jungle on 09.24.18 at 5:16 pm

Watching female advisor on bnn it appears male advisors don’t always work we’ll with females as they have different needs and report they feel like that are being talked down too.

#5 crowdedelevatorfartz on 09.24.18 at 5:19 pm

@#174 ANonbinaryinVancouver
“It is amusing to watch Contards work themselves into a rabid frenzy over the CBC. Y’all are just like Pavlov’s Dog.”
++++++

Nah we’re just able to recognize obscenely biased left wing tripe.
And FYI…. I voted for Trudeau last election as a Harper “protest vote”.
So , theoretically, you could call me a “Libtard”.

It wont happen again in the next election, regardless of the CBC taxpayer funded propaganda…..

#6 Jungle on 09.24.18 at 5:21 pm

Wage gap is not a myth there is still enough proof, in Ontario they have pay equity law . I recent assisted wage negotiation with female they really tend to devalue their worth due to misconceptions and you are darn right employers take full advantage of this to save money on labour.

This is one of the dirty little tricks large companies have been doing for a long time, hr will never tell you everyone is making different wage for the same job, performance is BS it’s to SAVE MONEY

#7 Freebird on 09.24.18 at 5:40 pm

I guess Im Atypical and very much my late entrepreneurial father’s (and mom’s) daughter. My older bros were driven by home/security. My hobby has always been studying wealth and success starting with taking over my brother’s lawn cutting when I saw how much he made. One sibling is a close to retirement exec at one of the big five and created security w/wealth but didnt like risk. Ive moved many, many times until health and life forced me to stay put. My husband is good with owning and doesn’t like change. Thanks to this blog he’s now following our (GF model) investments and is on board. I guess there’s always exceptions. Happy full moon all…watch the drivers.

#8 -=jwk=- on 09.24.18 at 5:40 pm

They strive to retire home loans with sub-3% rates with money that could earn twice that amount if conservatively invested.

One, you cant compare the return on a 25yr bond to the spot rate and two, by paying off your mortgage now when it is cheap you save 3% today, plus 6% for every dollar paid off at renewal….

I tell a woman this at least once a month: “yes, you should apply, the qualifications are just a suggestion”. Then they don’t apply. Sigh.

#9 Jungle on 09.24.18 at 5:45 pm

According to studies, women are better investors then men because they don’t time the market , take massive risk and gamble,

Btw gambling can lead to an addictive personality disorder and that’s why they have programs to help problem gamblers.

We’ve all felt the rush when winning or making money but unfortunately most take if to far.

#10 Cassie Jaye on 09.24.18 at 6:00 pm

Amazing documentary showing how men have become the ones discriminated against in western society — not women. We’re brainwashed with feminist ideologies in schools and culture/TV/media.

#11 Another Deckchair on 09.24.18 at 6:00 pm

#6 Jungle

Was listening to CBC radio one afternoon a month or two ago and on “Ontario Today” they were talking about wage inequality.

One female HR head for a company said that,(if I remember correctly) in her 25 years hiring, men would routinely ask for a high wage, and accept a lower one, while NOT ONE female asked for a wage, they’d just accept what was presented.

Of course, businesses have a salary range for a position, and, men would be talked down into that range and given the top, women would be given the lowest range because no female asked.

I found that call incredible.

It does kind of fit in with Garth’s “men are gamblers” argument.

#12 Engineer on 09.24.18 at 6:08 pm

My dad, an accomplished engineer, can’t work an ATM. My mom taught herself enough accounting to manage all the books for his business, figuring out just how much to take out of the business to minimize their tax burden and maximize their investments each year. On top of this she has a side gig helping friends and family with their IT struggles. If I need a custom desktop computer built or a virus removed, I’d call mom.

Not bad for a retired high school English teacher.

#13 SunnyDays on 09.24.18 at 6:09 pm

Not sure about the pay gap. Can confirm the pink tax though. Venus is willing to buy RBC Vision Women’s Leadership MSCI Canada Index ETF

(http://etfinfo.rbcgam.com/exchange-traded-funds/fund-pages/rldr.fs)

at a 0.29 MER, while this product is just a broad market Canadian equity index ETF that can be found from other ETF providers at a 0.06 MER.

Go figure.

#14 Shawn Allen on 09.24.18 at 6:12 pm

Never Run Out of Money

“When you’re old, you need cash flow.” …

“The greatest threat, after all, is not losing money in a failed investment. It’s running out.”

**************************************
Which is why a secure Defined Benefit Pension (or preferably two per couple) is such a wonderful thing to have. Those of us in that situation should be very thankful.

With these becoming rare, perhaps the enhanced CPP is a very good thing.

Even the old age pension (although often derided) is a very wonderful thing.

For a generation or two of women the old age pension (and the supplement) was an absolute godsend and sometimes the first regular cash money that they ever got in their lives in their own names.

Living on or even being eligible for the old age pension (I hope to see it all clawed back) is not something I aspire to. But it is a DB pension and a god send for many. It never runs out before you do. I will gladly pay taxes to fund it.

The other thing about DB pensions including CPP and Old Age pension, they are idiot proof. They do not rely on the wisdom to be smart investors or to save. It’s all automated. That is no small thing.

#15 Stone on 09.24.18 at 6:13 pm

#8 -=jwk=- on 09.24.18 at 5:40 pm

I tell a woman this at least once a month: “yes, you should apply, the qualifications are just a suggestion”. Then they don’t apply. Sigh.

————

I think it’s the same for both women and men. The attitude appears to be “Better the devil you know than the devil you don’t” whereas my attitude is “You’re dealing with the devil? Move on…it can only get better”.

Fear is the main driver of their decisions for most men and women, be it job, money, relationships, etc. Fear and emotions. That, and a schooling system that beats taking risks out of you.

Oh well, more of the pie for me. Yay!

#16 Dave on 09.24.18 at 6:22 pm

If couples can work as a team, they will get further ahead and prosper. If they work in silos, then mediocre outcomes will be the norm. If they divorce, then its all over but the crying.

#17 FLHTK on 09.24.18 at 6:23 pm

I think that’s bang on, my wife rather put her money under the pillow than invest and make more. I have to play catch up for both of us

#18 MGTOW Canadian Millenial on 09.24.18 at 6:28 pm

Despite the efforts of modern politicians to fuzzify genders and blur sexes, men and women are different. For one thing, the females last longer.

I’m amazed that the SJWs didn’t send you to a re-education camp for that statement.

But I resonate with this because the female chicken has a male chicken, the female rat has a male rat, the female roach has a male roach, but the Canadian woman seems to be the only species who “don’t want no man” until she reaches 35 to 40 and waits for a millionaire contemplating on real estate investment to change her mine.

#19 Danny on 09.24.18 at 6:33 pm

And still most condos for sale brochures are over 10 pages of glossy paper. Developers are still flashing young women on almost every page. Women that look like Barbie Dolls….in short dresses….and a wide smile with the whitest teeth…that glares on each page like an LED light bulb. This type of selling techniques….is like the Toronto Sun…the rag……..selling pictures of women. There is you gender gap…stuck in old attitudes.

Are people buying concrete boxes with glass walls in the
air….or another human being?

Oh yes the sexy lifestyle….that is supposed to make you happy forever……definitely not the functional kitchen with usually less than 6 feet of usable counter space and in most layouts washrooms that open up into the small kitchen.

Lately there was so much colored ink on the sales brochure….my rental apartment smelled like I was in a autobody shop.

Maybe these glossy brochures are to distract you from the outrageously high prices.

Well as long as there are speculators buying multiple units prices will remain high.

One low rise condominium in Etobicoke over 15 years old which usually sells around 5 units over a year now has 7 for sale at one time.

Are these sellers afraid of a change in the air?

#20 arfmoocat on 09.24.18 at 6:37 pm

Men roll the dice, too. It’s why the dudes can’t help buying penny mining stocks
…………………………………………………………………….

I’d rather play Canadian junior resource stocks when resource equities are trading at their all time lows and inflation is in gear then playing those sub penny pinks that are nothing but scams with a virtual office, a STOP sign and 2 billion shares o/s

#21 Reality is stark on 09.24.18 at 6:38 pm

They get the best of both worlds anyway.
You take the risks and suffer the denigration if you are wrong. If you are right they get all the money anyway because you normally die before them.
Thus they have no incentive to change their behaviour.
Welcome to the real world.

#22 baloney Sandwitch on 09.24.18 at 6:49 pm

Problem is very hard to interest women in investing. My wife runs a successful business with over 10 employees but any discussion on investing, taxes etc. and her eyes glaze over.

#23 Rakiki on 09.24.18 at 6:56 pm

My parents are 75 and have cashed out by selling their house. So they have a nice amount to invest. True story, we were discussing investing, and my mom turns to my dad and says “But all of our investments are guaranteed, right? We can’t lose money?” My dad looks at her and says “No, of course not, we were down 17% in 2008, remember, so not guaranteed at all! We just didn’t sell when things were down.” She has been sitting in all those meetings at the bank for 20++ years and never got that the investments (fairly decent although too expensive – will fix soon) were not guaranteed. Unbelievable. It’s actually a good thing she was in the dark, her risk tolerance seems to be 0, so their investments would not have grown at all over that time. Responsible adult children, keep an eye on your parents, won’t you?

#24 Out Of Work CEO, Will Travel on 09.24.18 at 7:03 pm

The deck is stacked in favour of males from the get-go so it’s a given women have to be smarter longer.

#25 Tony on 09.24.18 at 7:03 pm

At the racetrack the favourite is overbet to win but in the stock market pure gambles are generally underbet making them a good risk. You always try to get the bias in your favour. Case in point was buying up everything on the Vancouver stock exchange way back when at 1 cent and one half a cent. That produced the most amount of money yet no one ever wrote a book about it because of the share volume levels.

#26 Paul on 09.24.18 at 7:09 pm

I work in healthcare which is absolutely dominated by females. Female supervisors, managers, directors etc.

Managers and nurses have talked to me in such a way that if the positions were reversed (eg a male talking to a female in a male dominated environment) it would lead to a #metoo tweet and probably a terrible article on yahoo news.

I used to work in a primarily male dominated environment and I found things to be much, much more relaxed. Less gossip, less in-fighting etc.

In healthcare whenever a large patient comes in I’m always looked at to help out despite the fact I don’t get paid anymore (unionized environment) then my female counterparts. I am bigger and stronger but my back isn’t superhuman. Not to mention when violent patients roll in I’m assigned to them exclusively due to my chromosomes.

I’ve never seen a wage gap in the healthcare environment but I have experienced sexism as a male and uneven work loads because “He’s a guy, he can handle it.”

Best mix is always 50/50 male and female. Men should be encouraged to get into healthcare and dare I say there should even be an affirmative action type plan to hire more males in the industry.

#27 AB Boxster on 09.24.18 at 7:12 pm

Not to worry.

All of us men will just change our gendre and declare ourselves to be magically female.

Then, being that we will actually be women (cuz we says we are and who are you to say differently) we will live just as long as women do.

And all the women who change gendre to men (cuz they says they is and who are we to say differently) will obviously die early, because of course, they are now men.

Problem solved.

#28 BC mortgage lending in desperation mode as real estate market crumbles on 09.24.18 at 7:14 pm

Pnwmortgage: By now it’s quite evident that the Market is very uncertain and lenders are tight as ever. Here’s a scenario that we’ve seen about ten times in the last 6 months in BC. A person purchased a condo pre-sale as a flip opportunity when market was hot. Now completion time has come and they do not want to lose deposit. We have lenders that can use the HIGHER appraised value where at times we get out clients 100% financing based on original purchase price! We have innovative financing solutions that help accommodate transactions during these challenging times.
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– Flexible draw system.
– Up to 65% LTV for raw land purchases.
– We help part time builders.
– We specialize in: Richmond, South Surrey, West Van, North Van, Burnaby and Langley.
– Construction money is very tight in market. Please call us for a quick no obligation quote.

#29 Dispute Resolution Officer on 09.24.18 at 7:16 pm

Nothing wrong with paying down the mortgage at all time lows as long as you still have the cash flow to save a reasonable amount as well. Looking forward to making a few more top up payments and being done with all debt by 2020. Floated a variable rate mortgage from 2008-2015 that got down as low as 1.5% and then locked in the final 5 years at 2.54%. Looking forward to investing the additional cash flow with zero debt in this rising rate environment.

#30 BC Loan Shark Rates Pushing Plus 9% on 09.24.18 at 7:18 pm

100% financing works until original purchase price doesn’t equal assessed value.

And guess what? BC Real Estate be falling like a rock right now and we are 15 months out from when BC Assessment catches up.

It is already 9 months to late to try and sell anywhere in BC, unless of course you take a heavily discounted agreed to price.

#31 Shawn on 09.24.18 at 7:19 pm

I don’t think anyone thinks US equities will continue to outperform going forward.

Nasdaq to 11643

#32 Shawn on 09.24.18 at 7:21 pm

Big drop in oil and $CAD coming…

#33 Shawn on 09.24.18 at 7:25 pm

Expect the yield curve to steepen (contrary to what the financial media would lead you to believe). It’s long term rates that are going to rise next.

#34 joe on 09.24.18 at 7:27 pm

Garth….surely all the rich people on your blog can afford a sensor equipped toilet seat. They lift automatically as you approach and close when you walk away…..likely not….the money is probably going towards the new iPhone….

#35 Kelowna Law Courts: You are sentenced to a lifetime of debt servicing and/or bankruptcy on 09.24.18 at 7:28 pm

Eye watering number of HELOC’s ($290B) in Canada.

Kelowna is the number one municipality in the country for multi-mortgage loans across Canada.

Multiple mortgage bag holders.

Can probably blame it on both the water and the smoke up there affecting any hope of financial literacy.

#36 Jungle on 09.24.18 at 7:30 pm

#11 another deck chair
That’s cool thanks for sharing.

This is something people would need coaching on in order to know. What’s worse, is employers are not showing salery on job postings on purpose as they try to catch a fish. This worked when unemployment was high. Now we are starting to see labour shortages especially especially with needed talent and employers are struggling with this game, head hunting becomes more common as they can’t get enough good candidates to apply.

Two areas of opportunity for employees to learn and be savvy is

Wage negotiation
Getting a lawyer for your severance package

Case law dictates 2-3x the legal minimum offered , so many employment lawyers now helping with this

#37 KLNR on 09.24.18 at 7:32 pm

@#18 MGTOW Canadian Millenial on 09.24.18 at 6:28 pm
Despite the efforts of modern politicians to fuzzify genders and blur sexes, men and women are different. For one thing, the females last longer.

I’m amazed that the SJWs didn’t send you to a re-education camp for that statement.

But I resonate with this because the female chicken has a male chicken, the female rat has a male rat, the female roach has a male roach, but the Canadian woman seems to be the only species who “don’t want no man” until she reaches 35 to 40 and waits for a millionaire contemplating on real estate investment to change her mine.
____________________

You sound like one of those INCEL dudes.
get some help

#38 FOUR FINGERS WATSON on 09.24.18 at 7:41 pm

The greatest threat, after all, is not losing money in a failed investment. It’s running out.
……………………….

So very true……..inflation is the killer…..Not so hard to determine your cash flow in retirement and your lifestyle requirements. But inflation chews away at you every year. Telling people that inflation is only 2% a year is not helpful. Any advisor that tells you the cost of living only goes up 2% a year should not be taken seriously. If you are an average shopper/consumer your buying power is reduced by 5-7% every year, maybe more than that in the future. Just my observation over the last decade of retirement…..

#39 Barb on 09.24.18 at 7:45 pm

Great post, Mr. T.
Poignant, in fact.

I’m convinced much of the M/V disparities are in our genes.

#40 Raging Ranter on 09.24.18 at 7:46 pm

@#19 Danny, you mean those glossy brochures that remind you that you’ll be “close to coffee shops” on every page?

#41 Jungle on 09.24.18 at 7:49 pm

#19 Danny

Probably selling to cash in huge gains and get out of a crappy building that as you claim, only does 5 sales a year.

#42 IHCTD9 on 09.24.18 at 7:52 pm

Ms. IH gets the credit for our success simply for initiating investing and doing so right off the bat when we got married. That made all the difference.

Since then it’s been a coordinated attack building the nest egg. She managed the deposits, made the appointments, did the research, and massaged the strategy. I made sure the plan was never derailed with a big unexpected bill (I fixed everything and then some), and I continually worked to lower our reoccurring costs (heating, driving, insurances, taxes etc). As a team, we kick ass and take names.

A married working couple with similar hopes and dreams, and who use their respective strengths towards a common goal over decades – is a serious investing weapon.

#43 condopoor on 09.24.18 at 8:01 pm

I hope people do not actually think a Tesla is a stupid car. If so, I implore you to look deeper.

#44 Linda on 09.24.18 at 8:02 pm

Regardless of gender, people need to educate themselves regarding finances & then have to muster the will/discipline to do what it takes to ensure that they don’t end up dumpster diving at an advanced age. The best defense is a good plan & the early bird does indeed get the worm.

The problem as I see it to get people to take care of themselves. There is this mindset that somehow the magic wand will wave & viola, all will be well & they will live happily ever after. Hence the retirement ‘plan’ of winning the lottery. Or waiting for ‘someone’ to show you how to succeed.

Case in point – I got an email today from my bank, offering to help me plan for retirement. This would be helpful to someone who is decades away from retirement & who has no plan. However, I am now retired so an offer to help me plan for something that has already happened isn’t that helpful. I’ve been a client of this bank for literal decades. I would be astonished if the bank was unaware that I am now receiving retirement income, as the monthly deposits listed on my statement make it clear that is happening. If I had waited on the bank to help me plan for my retirement, I’d probably not be retired now & further would likely have had to work for quite a few more years to ensure I’d have ‘enough’ to retire on. Whether I would have lived long enough to actually retire is anyone’s guess. Fortunately I did take action, did plan & didn’t wait for my fairytale ending to occur without my lifting a finger to ensure it would happen.

As a result, I’m a very happy recent retiree who has every reason to expect I will have ‘enough’ to enjoy the years I have left. My excellent financial planners have worked with me to ensure I can enjoy my retirement & not have to dumpster dive in my later years. Just because I am now retired doesn’t mean I’m not continuing to work with my planners to ensure a financially stable future. As the unfortunate employees of Sears, Nortel, Enron et al have shown, don’t take your good fortune (or your pension) for granted.

#45 Farmer W on 09.24.18 at 8:02 pm

Garth, I religiously read your blog every day. I agree with you mostly. I own a farm worth about $4,000,000 and I owe only $275,000 on it. We had two rental properties and when prices were going stupid, my wife and I decided to sell and did so in January 2017. We cashed out at just the right time. I have $500,000 invested in balanced mutual funds, in 5 years I will have a government pension of $3000.00 per month, TFSA and RRSP’s nearly maxed, but I do have $60,000 that I invest myself. My personal investments in stocks have done well AND all invested in things you hate….Cannabis stocks, Gold and Silver stocks, and I just recently started buying into Uraniums stocks. You may take issue with some of this but I think I all I have done is pretty balanced. I don’t think I would do anything different.

#46 FREEDOM FIRST on 09.24.18 at 8:20 pm

Where the heck is that crazy old self neutered old nutcase

#47 Nonplused on 09.24.18 at 8:21 pm

Uh oh looks like Garth has been watching Jordan Peterson videos. He will now join Milo, Ann, Gavin, and the rest and be unable to speak on university campuses for “safety” reasons.

All distributions overlap. The generalization is just the average.

What we have in common should define us, not what separates us.

Sorry if that is a repeat Chrome just went ahead and closed first time I tried.

#48 Pete on 09.24.18 at 8:22 pm

https://www.peoplesalliance.ca/ is the real conservative party. Andrew Scheer and Fordnation nazis are fake conservatives who conservative the wealth of the the corporate 1%. Btw I am NDPer since I am a working stiff but in reality I am a conservative/peoples alliance. I will finally be able to vote for a party that’s for the people. Garth you are a real conservative for the people. You can comeback to politics. Naturally I wish you were the leader. You would make an amazing PM. The CCP is a shame and every conservative voter is a fool. They voted drug Ford ….enough said.

#49 Stan Brook's Psychiatrist on 09.24.18 at 8:24 pm

#179 Gravy Train on 09.24.18 at 5:25 pm
#171 Stan Brooks on 09.24.18 at 3:51 pm
“Ah, so now it hurts Eh, it did not hurt when trolling savers and renters with ever rising real estate market, missing the boat and all the jazz?” What are you talking about? Go get some psychiatric help! :)

Stanley is trying, he really is. His lobotomy seems to be having some effect and his straight jacket free time is now up to 2 hours per day. Be patient with ‘ol Stanley…

#50 Traders on 09.24.18 at 8:30 pm

to continue to grossly generalize, the best traders are females. They leave ego at the door and STICK to the system, red light/ green light…no yellow….boys…:)

#51 Pete on 09.24.18 at 8:30 pm

The People’s Party of Canada is coming to crush those stupid Fake conservatives like Andrew Scheer and stupid Ford Nation. You phony conservatives are nothing but corporate shills that screw over the people of Canada. Anyone who votes CCP is an idiot. They voted in stupid Ford nation ….. no more proof needed.

#52 IHCTD9 on 09.24.18 at 8:38 pm

#10 Cassie Jaye on 09.24.18 at 6:00 pm
Amazing documentary showing how men have become the ones discriminated against in western society — not women. We’re brainwashed with feminist ideologies in schools and culture/TV/media
——-

You’ve got control of your own mind right?

When I hear a feminist say that white Western Women have it so tough – I laugh.

When I hear a feminist say that Women in the West make less than Men just because they are female – I laugh.

When it comes to just about any assertion regarding the persecution and inhumane treatment of white Western Women living and working in the 1st world – I laugh long and loud.

Why? Because it’s obviously a colossal steaming load of horse sh!t. These Women have it BETTER than any other Women on the planet.

I made up my mind long ago, Women who need help live in places like the Middle East, India, and China. Those living here are doing great.

When I see loads of headlines about Western feminists heading out to Saudi Arabia to fight for Women’s rights over there, then I might start listening again.

Just make up your mind, and if you come to the same conclusion as I did – then just stop listening. Easy parcheesi!

#53 Unhinged Trader on 09.24.18 at 8:40 pm

DELETED

#54 Linda on 09.24.18 at 8:42 pm

Wage gap still exists for a number of reasons. Women going on maternity leave is a major factor. Time is money & a year off per child can add up. It isn’t just salary. Promotions can be deferred or lost; CPP takes longer to accumulate as does any work place pension plan etc. Women still tend to retire sooner than men & if their working income is lower their CPP reflects that in addition to any reduction due to taking CPP ‘early’. Add in longer life expectancies & one can see why women have to plan to ensure their retirement years are financially stable ones.

#55 NOSTRADAMUS on 09.24.18 at 8:47 pm

BRAIN WASHED !
The Real Estate teachers, RE/MAX, C-21, Etc. did a number on the heads of their sales representatives .
Work harder, go to more Rah, Rah, seminars, spend more on self (corporate promotion) all to put on the big show. In the meantime your life keeps slip sliding away. Family, friends, self worth, lost in the pursuit of the dollar and a few shiny plastic achievement trophies. Here is what we know going into the last weekend in September, which was predicted to go all Lazarus and jolt Real Estate back from the dead.
Not going to happen. Going to bed tonight, I suspect a great number of tapped out realtors will enter into their own personal nightmare from hell. Electric shocks, will not jolt them awake from their delusions. The smell of burning flesh from the corporate electric probes (desk fees) will surely cause a jump in P.T.S.D ‘s within the realtor ranks. You can trust me as the teller of truth in the land of gypsies, tramps and thieves.

#56 crowdedelevatorfartz on 09.24.18 at 8:57 pm

@#45 Freedom first
“Where the heck is that crazy old self neutered old nutcase?”
+++++

Just a glance in the mirror away…….

#57 Deplorable Dude on 09.24.18 at 8:59 pm

No Garth…..leaving the toilet seat down is wrong….i keep telling the wife but the message isn’t getting thru.

…oh and why do we never hear of outrage over the lack of females in the construction industries eh? Why are feminists not up in arms about the lack of female house builders, road builders, coal miners, garbage collectors……hmmmmm?

#58 Female Investor on 09.24.18 at 9:03 pm

Female investor here breaking the some of the stereotype. Yes, most of my investments are with a stable 1% fee advisor whom most of you know well. Divorced and better off financially for it, not relying in any proceeds from my ex. No real estate holdings. That went with the divorce. But on the side with a small “play fund” invested in marijuana stocks, commodities, and mining stock”. Got to risk a little and thinking I was investing in RNX, a Canadian mining stock in nickel and cobalt supporting the electric battery meme, who would know they would strike gold in Australia. I work hard, full time, am happy, and wouldn’t have it any other way.

#59 Wrk.dover on 09.24.18 at 9:11 pm

#45 FREEDOM FIRST on 09.24.18 at 8:20 pm

Where the heck is that crazy old self neutered old nutcase?

————————————

Newly wed and not allowed internet access ever again, or sex either, among a long list of other things forbidden to what remains of him now, until his death do them part.

#60 IHCTD9 on 09.24.18 at 9:15 pm

#26 Paul on 09.24.18 at 7:09 pm
—-

Yep. I also worked in a plant where it was 90% Women on the line. What a bloody hen house. I’ve never seen such debauchery and back stabbing in all my life. There was a seething undercurrent of hatred among most of these Women. Every one of them had a list of other Women they hated for one reason or another. They’d come to work all dolled up just to slap on a hairnet and try to woo some of the choice young guys out into the warehouse. It was like working in downtown Sodom.

On top of all that, I had my @ss groped countless times by Women twice my age. All the other young guys (we’re talking 18-20 years old here…) got the same attention from these horny middle aged ladies. We used to laugh about their antics at break time, and “rank” them.

Funny thing though, there was not 1 single complaint ever filed. Us guys didn’t give a rip, none of us had to get our heads examined later in life.

Women can get away with murder on this kind of stuff.

#61 Harry on 09.24.18 at 9:23 pm

#45 FREEDOM FIRST on 09.24.18 at 8:20 pm
Where the heck is that crazy old self neutered old nutcase
_________________________

smoking man is still around.

#62 For those about to flop... on 09.24.18 at 9:36 pm

This thread is alright but what I think it really needs is some Flopper magic…

M44BC

Visualizing Where Tourists Spend the Most Money.

Mark Twain once quipped, “Travel is fatal to prejudice, bigotry, and narrow-mindedness.”

But what if people are by and large only traveling to the same places? Our newest map highlights the countries with thriving international tourism industries, and it suggests a dramatic disparity between the places where tourists spend big bucks and the places where they hardly spend anything at all.

We got the data for our visualization through the World Tourism Organization, an agency in the UN. First, we color-coded each country based on the continent. Then we adjusted the size to correspond to the annual amount tourists spend in each destination in 2017 (US$ B). The WTO defines an expenditure as any amount spent by an international inbound tourist, including things like transportation, goods, and services. In other words, our figures exclude domestic tourism, giving you an accurate snapshot of which countries depend the most (and least) on the international tourism market.

Top 10 Countries with the Highest International Tourism Receipts in 2017
1. USA: $211B

2. Spain: $68B

3. France: $61B

4. Thailand: $57B

5. United Kingdom: $51B

6. Italy: $44B

7. Australia: $42B

8. Germany: $40B

9. Macao (China): $36B

10. Japan: $34B

There are several significant insights about the worldwide tourism industry in our visualization. The most obvious conclusion one can immediately draw is which countries see the most (and least) tourism dollars, looking both at continents and individual countries. Take Africa and the Middle East, for example. Only a handful of countries have tourism industries large enough to appear on our visual. Compare that to the size of the US, which is more than double the combined size of both areas. The US alone actually accounts for 16% of the entire world’s tourist expenditures ($211B), and the combined value of the top ten countries on our list make up an amazing 49% ($643B).

This means that the tourism sector is top heavy and concentrated in a few key places. In fact, the places attracting the most money tend to be Western countries, plus a few East Asian hotspots like Japan, Thailand and Macao (which is an independent territory controlled by China; more on Macao in one second). Comparatively little expenditures take place in the global south, including South America. The notable exceptions are Australia ($42B) and New Zealand ($10B), but both of those are developed English-speaking countries.

This raises interesting questions about the global travel industry. Airlines fly all over the world, and yet the tourism industry is bifurcated and unequal. How can unknown places attract visitors who spend money?

Macao offers an instructive example. It’s an obvious standout on the map at $36B. And that’s because it’s the largest gambling hub in the world. Typhoon Mangkhut recently forced all of Macao’s casinos to close, and in just 33 hours, the entire industry saw a combined loss of revenue of an astonishing $186 million. That comes out to $5.6 million in lost revenue per hour, every hour. Gambling might not be the ideal way for every country to develop a robust tourism industry, but the money sure speaks for itself.”

https://howmuch.net/articles/how-much-tourist-spend-around-the-world

#63 Geri on 09.24.18 at 9:39 pm

Dad passed in ‘98, mom still going at 87yrs. Her second husband just passed. Mom is a smart lady and can still travel, golf weekly and enjoy her grandchildren. We go back 5 generations with women outliving their husbands by decades.

Couldn’t agree with you more Garth.

#64 BC Rent Caps might Change Down on 09.24.18 at 9:46 pm

Hang on folks.

If passed, the 2019 allowable BC rent increase would be limited to the 2.5 per cent CPI, instead of the whopping 4.5 per cent announced earlier this month.

Right that wrong and make net negative landlords more net negative.

#65 For those about to flop... on 09.24.18 at 10:08 pm

Since we are doing the Mars and Venus thing,here is another recent howmuch article.

While I’m at it ,go easy on Freedom First as it is a possibility he is no longer with us.

I wrote the guy twice via email asking him just to let me know if he was o.k. as he was kind in checking that I was o.k after a couple of surgeries.

He would not be the first person not to write me back.

He would however be the first person to not write me back when I was essentially asking “Are you still alive?”

Been down this road before…

M44BC
M64WI

Here’s How Much More Money American Men Earn than Women at Every Age.

“Equal pay for equal work.”

That was the slogan rocking corporate America in the 1960s as women demanded more money for performing the same jobs as men. Several decades later, the gender pay gap is still alive and well, and in fact it gets worse over time.

We collected the data for our visualization from the Bureau of Labor Statistics (BLS), perhaps the most impartial source for wage figures. The numbers represent median weekly income for men and women for both salary and hourly employees for the second quarter of 2018, not seasonally adjusted. Even this quick snapshot reveals several key characteristics about the economy overall and individual earning potential.

Let’s start by taking a step back from the gendered dynamic of our numbers. The same general trendline applies for both men and women, the years of fastest wage growth occurs for people 20 to 44 years of age. This makes a certain amount of sense—a lot of workers graduate from college or some other specialized program, get a few years of experience, and perhaps job hop to another employer. Interestingly, median wages for both men and women level out after 45 years old, ticking slightly up for men and actually declining for women until much later in life. Perhaps people are taking less risks in their careers as they settle down and have children, or perhaps employers just don’t need to pay older workers a lot more for 30 years of experience as opposed to 10.

There is nonetheless a striking separation between the median wages for men and women during young and middle adulthood. Men between 25-34 years of age make $119 more than women per week, but take a look at the next age bracket. The difference shoots even further up to $219. The gap continues to grow throughout life, reaching its largest point for 55-to-64-year-olds at $271 before declining to $149 for those 65 and older.

Observers have spilled a lot of ink trying to explain these numbers. Some attribute the gap to differences in career choices, educational backgrounds and parenting practices. There might be different factors contributing to the gap at different points in time. Look at the numbers for the youngest workers, those between 16-19 years old. What could possibly account for the difference of $41 between people with zero career experience and the exact same education level? Teenage birth rates are lower than they’ve been in at least 25 years, so having kids is a vanishingly rare possible explanation. Indeed, perhaps we should simply label the persist gap in wages for men and women year after year exactly what it is—gender pay discrimination, plain and simple.”

https://howmuch.net/articles/gender-pay-gap-at-every-age

#66 Drill Baby Drill on 09.24.18 at 10:31 pm

As someone who has been married for 38 yrs I can attest to the shear toughness of women. I am in awe!!!

#67 Raging Ranter on 09.24.18 at 10:40 pm

I am disturbed by the lack of female representation among the homeless (4 in 5 are men) and the prison population (9 in 10 are men).

#68 BS on 09.24.18 at 10:42 pm

Trump snubs Trudeau: White house says president is too busy to meet Canada’s leader

President Donald Trump has set aside time for talks at the United Nations General Assembly with Egypt’s dictator, the British prime minister, and the French president and yet he won’t have time this week to meet with Canada’s Justin Trudeau.

Gotta love Trump.

https://www.dailymail.co.uk/news/article-6202541/Trump-snubs-Trudeau-citing-compressed-schedule.html

#69 Ace Goodheart on 09.24.18 at 11:09 pm

Gender is a social construction. Taken apart and deconstructed, gender is a group of sub groups that are superimposed on a person’s psychological make up, according to simple stereotypes.

This is done mostly by force starting around age one and is continued throughout the person’s childhood and adolescence.

This is all old stuff and everyone knows this. We just have to forget and learn again every other generation. Right now we have to group into sex based subsets and be different than the other gender.

Think of it as a kind of gender populism.

I’m a girl. You’re not like me. I only want to hang out with other girls. You’re a boy. You’re different. Go hang out with your own kind.

For those who don’t fit the stereotypes we just kind of shake our heads. Here we go again. All the girls who work on cars, have biceps bigger than most guys and who like other girls, are like just very confused by this call to arms in a single gender populist revolution.

Those who don’t fit in. The ones who don’t like hockey, can’t stand beer, who like girly things like dressing up and decorating, who prefer fine champagne to hard liquor, who couldn’t tell you what just happened in a football game if their lives depended on it.

The anomalous results.

The most important people in a society because they can’t be tamed and stereotyped and thus expose the lie.

Be careful what you cling to.

In other news, the entire former Ontario Liberal cabinet just fled the county under cover of night. Word is they’re seeking asylum in a South American country with no extradition treaty with Canada.

We’ll keep you posted.

#70 Moses71 on 09.24.18 at 11:09 pm

Bah to the majority of gals’ investment strats for me! Lost years of earning income to child rearing and now making 14% on investments and almost doubling my PIT taxes cost renting out a property in the OK. (& the equity doubled in last 6 years since i bought|)
Women need to stop listening to their motherz and utilize that testosterone spirit we all have but suppress! lol

#71 will on 09.24.18 at 11:10 pm

dad to mom all those years ago: “you can have a house in the country…and a car…or you can have a house in the city.”

mom chose house in the city.

#72 Moses71 on 09.24.18 at 11:17 pm

IHCTD9-#59

And your point is? lol
Mars & Venus really do exist, I think

#73 joblo on 09.24.18 at 11:47 pm

DELETED

#74 NoName on 09.25.18 at 12:16 am

59 IHCTD9 on 09.24.18 at 9:15 pm
#26 Paul on 09.24.18 at 7:09 pm
—-

Yep. I also worked in a plant where it was 90% Women on the line. What a bloody hen house.

That’s nothing i worked in similar plant whre women were high on glue…

#75 Stan Brooks on 09.25.18 at 1:05 am

#48 Stan Brook’s Psychiatrist on 09.24.18 at 8:24 pm

Did you take your pills man?

Chilax.

You have seen nothing from me yet, just wait for the real pain and then you will see me in action.

For now I am just observing and warning.

#76 Mutley on 09.25.18 at 1:32 am

After many years as the NLTB I noticed that many women would not take risks with their savings but would invest in RESPs in the markets for their children. Strange thing because they would do very well for the kids but it didn’t translate into their own savings. I often wonder about the psychology behind it.

#77 Evangeline on 09.25.18 at 2:16 am

#31 Shawn on 09.24.18 at 7:19 pm “I don’t think anyone thinks US equities will continue to outperform going forward.”

Last week at a rally, President Trump said that many of the new factories and businesses that are starting up in the USA are just now starting to actually produce and sell their wares, and that even though the US stock market was the highest it had ever been, “This is just the beginning, folks, just the beginning.”

I’m betting he’s right. At the same time, I’m sad that Canada hasn’t been able to negotiate a new trade deal that will work for its benefit.

#78 fishman on 09.25.18 at 2:46 am

Macao a Portugese protectorate. 34 billion tourism?its like the size of a postage stamp. Are you kidding. The casinos are used to get money passed the currency controls in China. Jeez, as kids we used to take our travellers checks (bet you millennials don’t know what that is) into the casinos overseas, get $U.S, gamble a little, cash out remaining chips for $U.S., take $U.S. out on the street & beat the official exchange rate. If you did the Europe Morocco Egypt Lebanon hashish trip the Cairo casinos were the must see “tourist destination”
Casinos serve two purposes: tax the poor & launder money.

#79 Ya Think So on 09.25.18 at 3:43 am

Great blog Garth. Expertly on point. Women for the most part choose family over promotions that will take time away from their children. If it means 50, 60, 70 hours a week, that’s too much. Especially when babies are at home with someone they may or may not trust wholy to do the job that they would do and rightly so. But I believe things are changing and men do stay home now more than they ever did with the children, if the wife has a more challenging career and makes more money. It doesn’t mean 1 is right over the other, just good parenting choices within the family. We need to stop putting pressure on either sex to stay home or not. It’s the individual family’s choice and let it be. Investing is a whole other issue. You’ve thrown Tesla out there recently as a bad choice. I bought and got out in time. Not too sure what’s on the horizon but happy for my good timing. Garth has saved so many young people of financial ruin in the last few years, so listen to what he has to say. He doesn’t run this blog because he is bored, he does it to help out you idiots that are about to buy into financial devastation.

#80 Balraj Dhalandar on 09.25.18 at 4:21 am

DELETED

#81 OffshoreObserver on 09.25.18 at 5:46 am

Australia foreshadowing Canada…?

https://youtu.be/smPR0s2W-Ck

#82 Blind Item on 09.25.18 at 8:07 am

#1 jermike on 09.24.18 at 5:03 pm
the wage gap is a myth garth
——————————————————————-
Then why was a major Canadian bank sending letters and cheques to former female employees to pay them back after under paying them for years?

#83 Tater on 09.25.18 at 8:20 am

#42 condopoor on 09.24.18 at 8:01 pm
I hope people do not actually think a Tesla is a stupid car. If so, I implore you to look deeper.
—————————————————————
Exactly! They are also terribly constructed.

#84 IHCTD9 on 09.25.18 at 8:58 am

#70 Moses71 on 09.24.18 at 11:17 pm
IHCTD9-#59

And your point is? lol
Mars & Venus really do exist, I think
_______

Point by Mr. Paul and myself was that a large workforce which is Female dominated generally goes to hell as you remove more and more Males.

Secondary point was that no matter how crazy it gets for minority Males in a large Female dominated workplace, there will never be a Male version of #meetoo or witch hunts for offending females decades later when one decides to get into politics…

#85 dharma bum on 09.25.18 at 9:07 am

NEXT BLOGPOST TOPIC:

GENDER GAP IN THE PRISON SYSTEM

“There’s a pretty hefty gender gap in U.S. federal prisons, and prisons and jails in general. According to the most recent numbers published by the Federal Bureau of Prisons (BOP), 93.2 percent of the approximately 185,500 federal inmates are men, and only 6.8 percent are women. This gap becomes all the more astonishing when you compare the stats to the makeup of the general population.”

This is, like SOOOOOOOOO unfair, man.

Why aren’t the chicks whining about their under representation?

Bunch of cherrypickers, they are.

https://www.statista.com/chart/11573/gender-of-inmates-in-us-federal-prisons-and-general-population/

#86 IHCTD9 on 09.25.18 at 9:35 am

#66 BS on 09.24.18 at 10:42 pm
Trump snubs Trudeau: White house says president is too busy to meet Canada’s leader

President Donald Trump has set aside time for talks at the United Nations General Assembly with Egypt’s dictator, the British prime minister, and the French president and yet he won’t have time this week to meet with Canada’s Justin Trudeau.

Gotta love Trump.

______________________

Trump really knows how to push buttons lol!

I used to work for a guy just like Trump. Everyone though he was an asshole, but 2 years after he sold the company, we were all out of a job.

The guy always won – ALWAYS.

#87 AB Boxster on 09.25.18 at 10:02 am

#67 Ace Goodheart on 09.24.18 at 11:09 pm


Gender is a social construction.

———————————-
Sure it is.

Just like sexual orientation is a social construction.
Or age is a social construction.
Or race is a social construction.
Or species is a social construction.

And they can be changed on a whim right?

I can be a 59 year old straight white man today.
And tomorrow I can be a 12 year old black ‘two spirit’ woman.

Cuz everything is a social construct.

Here’s a hint.
Social science is not real science.
Women’s and gender studies are not real subjects.

It’s amazing how the left is so fully pro-global warming, pointing to all the ‘decided science’ yet ignore the actual science about gender.

https://www.reddit.com/r/TheRedPill/comments/1vuho8/the_documentary_that_made_scandinavians_cut_all/

#88 Smoking Man on 09.25.18 at 10:34 am

T2 is betting on a blue wave at the mid terms.
Playing hardball with NAFTA.

If you think he has weak hand now, just wait till the end of novemeber.
Prepare for the worced.

Anyone catch his clip on gender week. Man is totally insane.

#89 Evangeline on 09.25.18 at 11:55 am

#84 IHCTD9 on 09.25.18 at 9:35 am “Gotta love Trump.”

He also met with the head of S.Korea. Another one of Trump’s wacky ideas (he’s insane, racist and as dumb as a rock, you know) is promoting the idea of the two Koreas hosting the Olympics together.

https://www.youtube.com/watch?v=hKf0k482PZQ

#90 jess on 09.25.18 at 12:10 pm

lock him up!

Cosby is a ‘sexually violent predator,’ judge rules

https://www.cbc.ca/news/entertainment/bill-cosby-sentencing-day-2-1.4837346

#91 Karl on 09.25.18 at 12:16 pm

This from MoneySense: “I expect Canadian variable mortgage rates to rise by another 0.25% over the near term, but after that, for the reasons outlined above, I think the odds of more hikes decrease significantly. Over the medium and longer terms, while the BoC sounds inclined to continue raising rates if possible, it has repeatedly said that it would do so cautiously. I think a coming U.S. recession will lead to slower growth in Canada that will raise the possibility of rate cuts thereafter. If you can stomach the volatility, there may well be some saving in variable rates yet.”

What say you Mr. Turner?

I hope whomever wrote that is not in the business of giving advice. Facile and wrong. – Garth

#92 Gravy Train on 09.25.18 at 12:20 pm

#86 Smoking Man on 09.25.18 at 10:34 am
“T2 is betting on a blue wave at the midterms.” I think we all are, aren’t we? At least all the sane Canadians want Trump’s insults, antagonism and jingoism to go away—via impeachment.

“Playing hardball with NAFTA.” Duh! We’re in a trade war! You can’t win a war by fleeing!

Do you think that if we give Trump all the concessions he wants then that will be the end of it? Chamberlain gave Hitler all the concessions he wanted, but it didn’t do any good. Understand this: Trump has no honour.

“If you think [T2] has [a] weak hand now, just wait till the end of November.” Do you blame Churchill for Hitler’s attack on Britain?

“Prepare for the [worst].” When dealing with a bully—or a predator, for that matter—the choice is between fight or flight. I choose to fight!

“[…] [T2] is totally insane.” He’s a fighter!

#93 Smoking Man on 09.25.18 at 12:30 pm

Holly Smokes. Anyone catch Trumps speech.
Best one ever.

Soros and his band of minios must be going crazy. Except insanity over the next few months.

Imagen not wanting to be ruled by unelected bureaucrats.
Pure naziism.

#94 Alistair McLaughlin on 09.25.18 at 12:33 pm

@#85 AB Boxster:

Biology is a social construct.

#95 Alistair McLaughlin on 09.25.18 at 12:39 pm

I meant that last comment as tongue in cheek. Then I googled “biology is a social construct” and found a gazillion hits. Apparently people are making that argument, and they’re serious.

It’s a weird feeling when an attempt to parody an argument by being extreme and ridiculous falls far short of how extreme and ridiculous the argument has gotten all on its own. I wasn’t expecting that at all. Where does one go from here? I have no idea.

#96 andrewt on 09.25.18 at 1:01 pm

Okay, first off: what frenzy?
Second: least surprising news ever…real estate agency pulls reason out of its ass as to why demand will go up.

https://www.huffingtonpost.ca/2018/09/22/tech-boom-toronto-real-estate_a_23538014/

#97 SoggyShorts on 09.25.18 at 1:14 pm

#37 FOUR FINGERS WATSON on 09.24.18 at 7:41 pm

Would you mind giving examples? How specifically has your buying power dropped by 5-7% per year for the last decade?

I mean that is close to HALF or reversed DOUBLE. Everything you spend money on has on average increased by 100% this decade?
Maybe some things have, but on average everything?

#98 Stan Brooks on 09.25.18 at 1:21 pm

#89 Karl on 09.25.18 at 12:16 pm
This from MoneySense: “I expect Canadian variable mortgage rates to rise by another 0.25% over the near term, but after that, for the reasons outlined above, I think the odds of more hikes decrease significantly. Over the medium and longer terms, while the BoC sounds inclined to continue raising rates if possible, it has repeatedly said that it would do so cautiously. I think a coming U.S. recession will lead to slower growth in Canada that will raise the possibility of rate cuts thereafter. If you can stomach the volatility, there may well be some saving in variable rates yet.”

What say you Mr. Turner?

There will be no recession in the US in the next 2 years but there will be at least 4, maybe 6 more rate hikes there.

EU just stated that due to inflation they are planning to start raising rates as well.

Our current rates are officially deeply negative – 1.5 % nominal, 3 % official inflation, 8 % unofficial.

As inflation will accelerate as grocery chain CEOs state and will not be transitory as the incompetents at BoC claim we will be faced with further deepening real interest rates going forward which will kill the currency.

In an environment with no NAFTA no sane investor will put any money in such economy and if the chicken little at BoC thinks he is going to reduce rates in case of problems, the currency and the economy will absolutely tank. Current rates should be north of 6 %.

Brace for horrific inflation, as I said probably one time of 20 % and then above 10 % going forward on everything that matters – food, gas, electricity.

#99 Stan Brooks on 09.25.18 at 1:56 pm

#94 andrewt on 09.25.18 at 1:01 pm
Okay, first off: what frenzy?
Second: least surprising news ever…real estate agency pulls reason out of its ass as to why demand will go up.

https://www.huffingtonpost.ca/2018/09/22/tech-boom-toronto-real-estate_a_23538014/

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

The chance for a group of exceptionally stupid people to survive in the today’s world is very low.

So what the RE agents are saying is that High Tech professionals who make 250-350 k USD in New York or San Francisco or 160 k + USD in Texas with much lower taxes and cost of living/for Texas will suddenly come from top world tech companies to this frozen wasteland (with no tech companies whatsoever) to work for 80 k CAD with double the taxes, where the salary would be barely enough to sustain 1 person – rent, food, car etc. and be never able to afford a home or a family?

Hell, doctors with 200 k salaries cannot afford a house in Toronto.

Oh I forgot, we well just put them in basement ‘apartments’ 10 in a room like in the army and charge 1k per person per bed.

I almost died of laughter yesterday reading about the new ‘AI powered block chain fund’ in Toronto
and getting the picture of T2 (a true artificial ‘intelligence’) looking at some phone (probably app detecting the IQ of people during selfies).

Pathetic, stupid place where everyone is telling you how blessed you are and how you should be willing to pay for that 5 times more than normal.

Good luck in finding such idiots, I am sure they will come en masse, specially from US (he forgot to mention that they will be running away from Trump…) so as stupid real estate agents said so it, must be true.

Bhahahahahahahah

I need to go away now as my behind hurts.

#100 Smoking Man on 09.25.18 at 2:11 pm

#90 Gravy Train on 09.25.18 at 12:20 pm

#86 Smoking Man on 09.25.18 at 10:34 am
“T2 is betting on a blue wave at the midterms.” I think we all are, aren’t we? At least all the sane Canadians want Trump’s insults, antagonism and jingoism to go away—via impeachment.

“Playing hardball with NAFTA.” Duh! We’re in a trade war! You can’t win a war by fleeing!

Do you think that if we give Trump all the concessions he wants then that will be the end of it? Chamberlain gave Hitler all the concessions he wanted, but it didn’t do any good. Understand this: Trump has no honour.

“If you think [T2] has [a] weak hand now, just wait till the end of November.” Do you blame Churchill for Hitler’s attack on Britain?

“Prepare for the [worst].” When dealing with a bully—or a predator, for that matter—the choice is between fight or flight. I choose to fight!

“[…] [T2] is totally insane.” He’s a fighter!
……..

So you like paying 4 times more than yanks for cheese and dairy, for the sole purpose of protecting an unnamed entity in Que. You like the banking monopoly, the telecom monopoly..highest cell rates in world.

Free trade bitch, let the cream raise to the top and the teat suckers on the floor scrabling for crumbs.

#101 Drop Dead Diva on 09.25.18 at 2:19 pm

I love the feminist society we women have pushed forward! We get to be equal until it doesn’t fit our agenda. Liberation without the risk! We’ll leave the risk for those who have the balls. Now buzz off boys, we’ll call on ya when we need ya :) #BeBoldForChange

#102 Stan Brooks on 09.25.18 at 2:27 pm

#98 Smoking Man on 09.25.18 at 2:11 pm

You forgot the gas/stations oligopoly, the grocery stores/retails oligopoly, the pharmacy chains oligopoly, the insurance oligopoly, the real estate cartel…. you name it. Oligopolies/cartels everywhere.
So they can ‘better serve’ their customers.

Free market?

Sure.

The real problem of these entities is:
THEY ARE RUNNING OUT OF IDIOTS.
The scheme consumed all the fuel from the available sheeple and their potential descendants for a few generations and are now frantically looking for more debt slaves, only to find none.
That is the problem.

#103 Headhunter on 09.25.18 at 3:09 pm

#100 Stan Brooks on 09.25.18 at 2:27 pm

yes the internet and the sheep are awakening! May as well just say we live in Fascist caste system.

One only has to look at who was first out the gate, ownership, License to grow legally commercially, given plush roles, and lots of $$$$ for Pot companies in Canada

Owners, directors all from the royalty class high gov’t officials, big pharma and high ranking cops.

Its a club and you ad I aint in it

#104 Ace Goodheart on 09.25.18 at 3:11 pm

RE: #100 Stan Brooks on 09.25.18 at 2:27 pm

Problem we have right now is the “Sheeple” have turned to a populist leader, who promises to basically save them from their own government.

And they believe this person can actually do this.

And the worst thing is, they need saving. Desperately. They are mostly right about their government and its total lack of concern for their well being.

But what do we do, when we are in a democracy, and government does not exist for the good of the citizenry anymore? When a government’s only purpose is to get re-elected, and that government will pander to whatever cause it feels would best serve its re-election hopes?

What does anyone do in that circumstance?

Elect Doug Ford and Donald Trump? Two populist leaders who hate the establishment, distrust the media, are prone to doing wild and poorly thought out things, on the spur of the moment? People who exist to fight the establishment for the benefit of “the people” (when the establishment was supposed to be for the benefit of the people, and that is why we have an establishment in the first place).

What do we do?

#105 Ace Goodheart on 09.25.18 at 3:19 pm

#85 AB Boxster on 09.25.18 at 10:02 am

Thanks for the input.

For most people, being put in the “gender” box is fine by them. Sure it makes them a big angry, and they have these gaping holes in their psychological make up that they “fill” with lots of weird stuff that they don’t talk to anyone about (too embarrassing).

But they get on. Try to live within the boundaries. Convince themselves that they exist.

This has all been played with by societies going back through the ages. Moral relativism. The Warhol generation. Picasso. So many times, tearing it down, showing it for what it is. It’s made art into art. You have to have something to expose otherwise it’s just boring.

I would say that each time we get a new iteration of “gender boundaries” and “gender roles” and society goes off on another quest to permanently separate men and women, and bring them together again according to a strict set of rules that “thou shall not transgress” it’s just time for a new set of rebels and people who can’t be boxed, the non conformers, to try again.

It’s just part of life on Earth. Chillin’ like a gender villain.

When they make bein’ yourself a crime……

#106 james on 09.25.18 at 3:44 pm

#98 Smoking Man on 09.25.18 at 2:11 pm

#90 Gravy Train on 09.25.18 at 12:20 pm

#86 Smoking Man on 09.25.18 at 10:34 am
“T2 is betting on a blue wave at the midterms.” I think we all are, aren’t we? At least all the sane Canadians want Trump’s insults, antagonism and jingoism to go away—via impeachment.

“Playing hardball with NAFTA.” Duh! We’re in a trade war! You can’t win a war by fleeing!

Do you think that if we give Trump all the concessions he wants then that will be the end of it? Chamberlain gave Hitler all the concessions he wanted, but it didn’t do any good. Understand this: Trump has no honour.

“If you think [T2] has [a] weak hand now, just wait till the end of November.” Do you blame Churchill for Hitler’s attack on Britain?

“Prepare for the [worst].” When dealing with a bully—or a predator, for that matter—the choice is between fight or flight. I choose to fight!

“[…] [T2] is totally insane.” He’s a fighter!
……..

So you like paying 4 times more than yanks for cheese and dairy, for the sole purpose of protecting an unnamed entity in Que. You like the banking monopoly, the telecom monopoly..highest cell rates in world.

Free trade bitch, let the cream raise to the top and the teat suckers on the floor scrabling for crumbs.
___________________________________________
Not than I care about T2 in the least but get your fake news stories correct old man.

The British attacked Ruhr on 15 May 1940 when the RAF bombed targets including oil plants and other civilian industrial targets that aided Germany’s war machine. The first attack on Great Brittan was July 1940 Wick in Caithness. The Luftwaffe bombers attacked the town’s aerodrome killing about a dozen civilians.
So there you have it, Jesus old man since you were probably a witness to World War Two I thought you might have know your history.

#107 James on 09.25.18 at 3:48 pm

#91 Smoking Man on 09.25.18 at 12:30 pm

Holly Smokes. Anyone catch Trumps speech.
Best one ever.
Soros and his band of minios must be going crazy. Except insanity over the next few months.
Imagen not wanting to be ruled by unelected bureaucrats.
Pure naziism.
____________________________________________
What speech are you talking about? Oh I get it the one inside your head that keeps talking to you when you wake up from a drunken stupor.

https://www.ft.com/video/53ec80cf-5e3a-4237-bec4-9f66d70ef815

#108 jess on 09.25.18 at 4:20 pm

rationalization is saviour self respect

i call this bs.

“public interest in transparency with respect to buildings’ safety” but said disclosing the information could endanger the mental and physical health of people living in the buildings and could compromise their safety. ”

…Hundreds of students live in each tower, many of which were built with funding from international investors.

https://www.theguardian.com/education/2018/sep/20/student-buildings-still-covered-in-grenfell-style-cladding

#109 WE'RE RUNNING OUT OF IDIOTS on 09.25.18 at 4:21 pm

#100 Stan Brooks hit the nail on head. Every calamity and crisis is caused by the awakening of sensibilities in the herd. The barrage of advertising and feel good mantra all across our ways of life influence the masses immeasureably. When people start thinking clearly – they will realize that they have ben manipulated and have lost control of their futures in exchange for nothing more than a lifetime of debt, on-going maintenance responsibilities, continuous taxes and costs. They got you hooked and believing hook, line and sinker “how special you are as a debt slave in Canada”.

#110 SP on 09.25.18 at 4:27 pm

“I expect Canadian variable mortgage rates to rise by another 0.25% over the near term, but after that, for the reasons outlined above, I think the odds of more hikes decrease significantly. Over the medium and longer terms, while the BoC sounds inclined to continue raising rates if possible, it has repeatedly said that it would do so cautiously. I think a coming U.S. recession will lead to slower growth in Canada that will raise the possibility of rate cuts thereafter. If you can stomach the volatility, there may well be some saving in variable rates yet.”

He is in the business of giving advice, in fact, and his advice has been invariably useful and correct over the course of many years. I have been one beneficiary and know of many others. The difference between him and the omniscient of this blog is that he is truly independent.

He’s still wrong. And, BTW, I don’t sell mortgages. – Garth

#111 jess on 09.25.18 at 4:35 pm

Visa troubles have left Abramovich unable to work in the UK. His Israeli passport allows him to visit Britain for up to six months each year, but Israeli nationals are required to obtain a visa if they want to work, live or study in Britain. If he were to re-apply for a UK visa, the tycoon would have to submit to an examination of the source of his wealth, under tighter controls introduced since his last visa renewal.

The canton of Valais had originally accepted Abramovich’s application, on the grounds that his financial profile would make him an “interesting taxpayer” for the area. However, the authorities at federal level appear to have taken a different view.

https://www.tagesanzeiger.ch/schweiz/standard/swiss-federal-police-see-abramovich-as-possible-threat-to-public-security/story/18165239

https://www.theguardian.com/world/2018/sep/25/roman-abramovich-posed-threat-to-public-security-swiss-police-said

#112 YYC Happy Gal on 09.25.18 at 4:54 pm

It’s tough being a female investor. I love my ETFs, love my profits and love the feeling of control I have over my finances.

What I don’t love is the friends who ask me when I’m doing to buy a house (never), when I’m going to grow up (never) and when I’m going to settle down (never). Or the men who run away scared because I’ve got it all under control.

I think it’s still a difficult stigma to accept a women who’s financially independent and wealthy. Do the cats just arrive at the door or how does this work? :)

#113 ww1 on 09.25.18 at 5:05 pm

#97 Stan Brooks on 09.25.18 at 1:56 pm

So what the RE agents are saying is that High Tech professionals who make 250-350 k USD in New York or San Francisco or 160 k + USD in Texas with much lower taxes and cost of living/for Texas will suddenly come from top world tech companies to this frozen wasteland (with no tech companies whatsoever) to work for 80 k CAD with double the taxes, where the salary would be barely enough to sustain 1 person – rent, food, car etc. and be never able to afford a home or a family?

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

I always find it amusing when misinformed people quote a huge income tax difference living in the USA vs Canada. Double? Seriously?

Speaking as someone who has, and does, work on both sides of the border, I know that once you roll in Federal, State/Province, Social Security/CPP, UI etc you will quickly find very little percentage of income difference between Canada and the USA. It changes a bit at different earning thresholds but not much. (Note : US states with no state income tax still get your money via huge property & sales taxes)

And once you add paying for healthcare, the balance tips in favor of Canadians.

Of course it’s a lot more fun to pretend their is a huge difference.

#114 Djumbe on 09.25.18 at 5:21 pm

#110 YYC Happy Gal
I think it’s still a difficult stigma to accept a woman who’s financially independent and wealthy. Do the cats just arrive at the door or how does this work? :)

Ha! LOL! Love it!

#115 Asterix1 on 09.26.18 at 7:42 am

Toronto Star: GTA home sales shake off ‘very dark period’

https://www.thestar.com/business/real_estate/2018/09/26/gta-home-sales-shake-off-very-dark-period.html

Once again, no shame, no research. Pure garbage from MSM.

The first paragraph of this piece:
“The Toronto area’s high-priced housing market is climbing again, with double-digit sales gains this summer expected to continue through the fall, according to two real estate company reports.”

Come on Canada! Is there anyone that could charge MSM for false and biased news?

Poor Karl laps it up. – Garth

#116 jenny on 09.26.18 at 9:05 am

I know that once you roll in Federal, State/Province, Social Security/CPP, UI etc you will quickly find very little percentage of income difference between Canada and the USA. It changes a bit at different earning thresholds but not much. (Note : US states with no state income tax still get your money via huge property & sales taxes)

And once you add paying for healthcare, the balance tips in favor of Canadians.

#117 NEVER GIVE UP on 09.26.18 at 2:17 pm

Global News just reported that people can now invest in fractional ownership of homes for the purpose of reaping great rewards in the housing market! Astonishingly they were able to even mention a likely return on investment of 35%! Fraud warning! fraud warning!
If This Were the stock market there would be some suits doing the perp walk with handcuffs on!
More house pumping without any government oversight!
Also more reason for me to leave this country forever with my entire family! We’re not going to get homes here! Not under our family Rules of low debt or no debt!

I will be addressing this later today. – Garth