Larger than life

Did the Trump bump become the Trump dump? The theory was gaining ground on Friday afternoon as US markets lurched towards the worst October in eight years. The S&P was near correction territory (that’s a drop of 10% from its high) and the tech-heavy Nasdaq was torpedoed by disappointing results from two of the FANG guys – Amazon and Alphabet. The VIX spiked. Risk came off the table.

So was this Trump’s fault? And when will it be over?

As with everything else these days, there’s a conspiracy theory: manipulators are trashing the market thinking the Democrats will sweep the midterm elections on the 6th, stack the Senate, repeal the Trump tax cut, then move to impeach the guy. That would be the end of a presidency devoted to stoking the fires of growth by slashing corporate taxes, cutting costly regulations, creating jobs and erecting barriers to imports.

On the other side (there’s always an other side now) some people blame Trump for inflating stock prices for exactly the same reasons. Too much growth, they say, too fast has brought a resurgence of inflation, and prompted the Fed to raise interest rates nine times to try and cool it off. The US dollar soared, trashing emerging markets and helping slow global growth.

But the biggest bad, critics claim, is a one-man trade war. It’s pitted the world’s two biggest economies against each other, increased costs, reduced global efficiency, booted corporate overhead, sunk Chinese stocks and rattled investors across the world. In less than two years, a single leader has unwound decades of trade talks and deal. Now companies like Ford say steel quotas and tariffs have added $1 billion to internal costs, in a giant backfire of the ‘America First’ Trump agenda.

Higher costs to companies mean increased prices. Meanwhile protectionism hurts exports but boosts domestic employment. More workers means wage pressures. Inflation means higher interest rates, wiping out some benefit of the tax cuts which helped create it. And elevated rates. A vicious circle is created. Meanwhile reduced tax revenues and high spending mean bloated government deficits, pressuring the bond market and increasing yields. Around she goes.

Without a doubt, Trump looms large. After he was elected the stock market took off, hitting record highs this year on a wave of growth, profits, wages, protectionism and Tweets. Over and again, he used the soaring market as a proxy for his prowess, bragging that it validated his growth-at-any-cost policies. But now headwinds have hit. Being Trump, he’s fighting back, calling the Fed ‘crazy’ for raising rates and blaming the pain on swollen bond yields.

But it’s more than that. The tribalism, nationalism and parochialism now pervasive in public life is troubling to free markets. They hate the China spat. They fear a hard Brexit will rip the EU apart. They smell disruption in Germany and see it in Italy, where alt-right politicians have tapped into a vein of public rebellion.

Markets are apolitical. They just wanna make money and party. The nationalists want to fight. So it’s a lousy mix, when the Trump glow is gone.

How long will this endure?

Twelve more days is a likely guess, until the morning of November 7th. Seems fitting. We’ve obsessed over this man for two years now. Whatever happens in that election, populism will inevitably falter. It always does. That nation-state model got old fast. Markets fretted over trade. Now they worry about growth. Happy to bite the hand that fed.

162 comments ↓

#1 Granite or Quartz on 10.26.18 at 4:25 pm

Busy on a reno. Analysis paralysis. What is a better investment for home value x utility – granite or quartz? I must also say that working on a reno helps detract one’s mind from the RE and stock dump!

#2 PAULO on 10.26.18 at 4:31 pm

The Year of the cat:
should be interesting!

#3 earthboundmisfit on 10.26.18 at 4:47 pm

Trump is all the proof you need, that evolution is a two way process.

#4 Rickshaw on 10.26.18 at 4:50 pm

These comments are getting worse and worse each day. I appreciate the rare insights on here but I just keep seeing a growing number of drunkards and schizos.
Half the comments are arguments or total nonsense. How has this blog attracted so much scum?

#5 Paul on 10.26.18 at 4:50 pm

What about rate-reset preferreds Garth… is ZPR on sale?

#6 buyme on 10.26.18 at 5:00 pm

Just buy the dip, easiest money ever, this will never end.

#7 Phil on 10.26.18 at 5:02 pm

DELETED

#8 baloney Sandwitch on 10.26.18 at 5:03 pm

I have losing a 50K a day on average all through Oct. 12 more days means another 600K.

You bragged to us that you have $12 million. Suck it up. – Garth

#9 Troy McClure on 10.26.18 at 5:05 pm

How long will this endure?

Twelve more days is a likely guess, until the morning of November 7th.

Can I finish my grapes first???

#10 Gulf Breeze on 10.26.18 at 5:07 pm

I wouldn’t underestimate them, Garth. They have the military behind them. His base is tired of being treated with contempt and ridicule as they lose decent jobs to China.

What Trump is doing, as far as China goes, makes perfect sense.

But….manufacturing jobs that return to the U.S will ikely be automated or absorbed into the penal slave system they have in Gulag America.

This is how it will play out. But people are far too distracted to take a good hard look at what is transpiring down there. All one has to do is extrapolate from the present. There is no need to concoct imaginary scenarios.

Twelve more years would be a conservative guess. It’s going to get uglier than you can imagine.

#11 BlogDog123 on 10.26.18 at 5:14 pm

re #1 Granite or Quartz

Go with Quartz… Still looks great…

Trump is gonna bomb everyone with more tariffs because it keeps him in the news…

#12 BobC on 10.26.18 at 5:18 pm

If Ford doesn’t raise prices can GM?

https://www.zacks.com/stock/news/311190/auto-stock-roundup-tsla-hikes-prices-in-china-f-to-absorb-tariffs-gm-in-focus

#13 IHCTD9 on 10.26.18 at 5:18 pm

#4 Rickshaw on 10.26.18 at 4:50 pm
These comments are getting worse and worse each day. I appreciate the rare insights on here but I just keep seeing a growing number of drunkards and schizos.
Half the comments are arguments or total nonsense. How has this blog attracted so much scum?
——-

Scum?

Good grief man, folks have different opinions on things. They might even be more correct than you.

You got a crystal ball?

#14 BobC on 10.26.18 at 5:27 pm

#10 Gulf Breeze
Best comment on the conditions down here yet. Middle class America is tired of being used, abused and insulted. I’ll be shocked if we don’t have a red wave victory next month.
This article sums it up well. Americans have never been thought of as smart.

https://www.wsj.com/amp/articles/the-real-reason-they-hate-trump-1540148467

#15 Ummmmm on 10.26.18 at 5:27 pm

Real clear politics polls show that Republicans are in the lead. They also called Trump the winner 2 years ago and i made lots in the markets as a result!

#16 marcus on 10.26.18 at 5:29 pm

Nationalism will win out over Globalism. Sadly for Canada she wed herself to the Globalists and is now their Bitch. All the early voting indicates a Red wave for Trump. The democrats are getting desperate and making mistakes. Lots of mistakes.

#17 AGuyInVancouver on 10.26.18 at 5:37 pm

I was going to call it the Trump Slump, but Garth’s choice of the Trump Dump is more scatologically appropriate for this POTUS.

#18 young & foolish on 10.26.18 at 5:37 pm

Due to my limited time on this planet, I revert to my Grandad for experience in the markets. His take, the markets can’t for long outrun real economic growth, any more than RE prices can outrun rental rates.

Speculation is not a reliable strategy for becoming wealthy.

#19 John Smith, OPC supporter and member on 10.26.18 at 5:37 pm

My friends, the best social assistance is a JOB. I concur with our great Premier Doug Ford for stating the obvious. If you’re poor, it’s because you are lazy and a liberal. Canada is a great country. A JOB is the way out of poverty, not Basic Income, not UBI, not the Wynne Liberals.

#20 Doug t on 10.26.18 at 5:38 pm

The world is in a super cycle the like of which happens every few hundred years – the rise of nationalism throughout the west is a natural part of this cycle and it will continue for some time – things change, the world moves along and societies adjust – you can wring your hands all you want but history shows that these cycles are fairly regular – sit back and watch the fabric get ripped apart and then eventually knitted back together

RATM

#21 Democracy Is Mob Rule on 10.26.18 at 5:47 pm

October tends to be a bad month for the markets. Back in 1987 it was a really bad month. Then there was a good buying opportunity.

#22 Democracy Is Mob Rule on 10.26.18 at 5:55 pm

#16 marcus on 10.26.18 at 5:29 pm
Nationalism will win out over Globalism.
________________________________________________

Trump is a momentary bump in the road to globalism. Do a Google search on 6000 years history of the new world order.

#23 Shawn Allen on 10.26.18 at 6:01 pm

Rate Reset Preferred versus perpetual preferrred

#5 Paul on 10.26.18 at 4:50 pm
What about rate-reset preferreds Garth… is ZPR on sale?

***********************************
What percentage of this BMO preferred share fund is rate reset versus perpetual preferred shares? Perpetuals go down in price with higher interest rates. Because the dividend remains unchanged.

https://www.bmo.com/gam/ca/advisor/products/etfs?fundUrl=/fundProfile/ZPR!hash!holdings#fundUrl=%2FfundProfile%2FZPR%23holdings

#24 Linda on 10.26.18 at 6:10 pm

Whether the USA mid-terms change which party has the most seats or not, I don’t see a real will to impeach the POTUS just yet. My guess is Trump will complete his term. Whether he runs for a second term is anyone’s guess, but I wouldn’t be surprised if he decided against the idea.

The current market downturn will eventually work itself out. It may just be coincidence, but October seems to have more than its fair share of negative market activity. Trick or treat?

#25 Shawn Allen on 10.26.18 at 6:11 pm

Tribalism to Nationalism to Globnalism

#16 marcus on 10.26.18 at 5:29 pm said:

Nationalism will win out over Globalism. Sadly for Canada she wed herself to the Globalists and is now their Bitch. All the early voting indicates a Red wave for Trump. The democrats are getting desperate and making mistakes. Lots of mistakes.

*****************************
Maybe, but I doubt it.

Tribalism was the key to survival for small bands of humans for many thousands of years.

In the last few thousand years, Nationalism and countries was the way to go after technology and government progressed to the point where organizing people and territories into Countries with armies rather than tribes became the key to survival and thrival.

Today, a rogue nation could threaten people in far off countries in many ways. Nuclear, biological, terrorism or even pollution. Therefore sovereign rogue nations must not be allowed. World government and world trade is already well underway.

Pure nationalism and sovereignty is old fashioned and dangerous and will not survive.

I predict that nationalism is in its death throes and that globalism has only just gotten started. Shall we check back on this blog in 50 years and see who called it right? I am marking my calendar for October 26, 2068. Perhaps we can check back at 10 year internals starting October 26, 2028. I will mark that as well.

#26 Reynolds531 on 10.26.18 at 6:13 pm

Reading Sheers comments on the energy industry actually gives me a little hope!

#27 KLNR on 10.26.18 at 6:20 pm

@#16 marcus on 10.26.18 at 5:29 pm
Nationalism will win out over Globalism.
_________________________

yup, sad but true.
Hopefully that type of ignorance doesn’t happen to Canada

#28 Smartalox on 10.26.18 at 6:33 pm

For says American Steel is the most expensive in the world. Trump’s tariffs have cut a billion dollars profit from their bottom line.

The US Economy is slowing, with growth down to 3.5% where it was 4.2% earlier in the year. All those chickpeas and soybean futures from the spring are finally in, and nobody’s buying because retaliatory tariffs from China have made them unprofitable.

Short term gains, long term pains.

Trump’s base better get used to eating tofu and hummus because that’s what’s going to be cheap this winter!

#29 Oakville Rocks! on 10.26.18 at 6:36 pm

@ Stan the babbling Brook..
The babbling brooks earlier today
“In my mind they/McKinsey are optimistic, my prediction is for 50-60 % job losses in the next 10-15 years.”

From the actual McKinsey report –
“Our key finding is that while there may be enough work to maintain full employment to 2030 under most scenarios, the transitions will be very challenging—matching or even exceeding the scale of shifts out of agriculture and manufacturing we have seen in the past.”

“Both analyses lead us to conclude that, with sufficient economic growth, innovation, and investment, there can be enough new job creation to offset the impact of automation, although in some advanced economies additional investments will be needed as per our step-up scenario to reduce the risk of job shortages.”

https://www.mckinsey.com/featured-insights/future-of-work/jobs-lost-jobs-gained-what-the-future-of-work-will-mean-for-jobs-skills-and-wages

Also the report is very clear that less than 5% of jobs could be fully automated.

So, why are you such a horse’s a$$? Do you not understand the difference between displaced workers and unemployed workers. Shifting to a different job / modified job is not equivalent to not having a job.

Also, do not lecture me on McKinsey. I have been following them since 1990 after having read Tom Peters In Search of Excellence. McKinsey are formidable but they are not infallible as a simple google search would tell you. And why would I work for them, you think they let me bring my dog to the office.

You really need to lay off the meds, learn to read and think at the same time. I am done with you. I will not debate with a troll who is intellectually dishonest or incompetent.

#30 crossbordershopper on 10.26.18 at 6:42 pm

i dont understand why no one in the marketplace ever talks about put options, wealth insurance. the put premium have recently become more expensive but i think are quite cheap relative to protecting yourself.
i see lots of stocks down big time, you have to protect yourself, like what do people do when they watch their stock sink 60 to 70 off. i see charts that have gone up like a lot and gave it all back to 16 year lows again, full circle.
the entire gold miners are like that GG,ABX,AEM etc.

#31 akashic record on 10.26.18 at 6:46 pm

But it’s more than that. The tribalism, nationalism and parochialism now pervasive in public life is troubling to free markets. They hate the China spat. They fear a hard Brexit will rip the EU apart. They smell disruption in Germany and see it in Italy, where alt-right politicians have tapped into a vein of public rebellion.

Markets are apolitical. They just wanna make money and party. The nationalists want to fight.

There was no Trump, tribalism, nationalism, Brexit, parochialism, China spat, alt right when the economy was crashed in 2008.

There was no Trump, tribalism, nationalism, Brexit, parochialism, China spat, alt right when the medicine was dispensed and administered to cure the crashed 2008 economy, which doctoring created never before seen public and private debt that fuels unprecedented bubbles on all markets, all over the world.

I wonder who would be blamed now if Trump didn’t win?

Probably noone. It would be just an other healthy correction of the apolitical market, transitioning from one party to an other, in perfect ka-ching harmony.

#32 jojo on 10.26.18 at 6:47 pm

Its not interest rates at all, The big money sold to wait for the elections…

Its foreign capital fleeing markets ahead of the US election. If the communists get in the the glorious economy is done for.

Big money hates Marxism, Socialism, Communism or any other name these whackos dream up becuase it is their wish to destroy wealth and steal from people who earned it.

So…

Sell the shares move into cashable isntruments ( I did) and wait to see of those lunatic dems get power on congress.

Make no mistake if they get in – they have clearly said big taxes, big regulation, big government, – big this, – big that.

And nothing to do with private ideas, private inititative, and certainly not private wealth creation.

One doesn’t stand in front of a bunch of slobbering LEFTEST zombies.

I spoke to a bunch this week at protest in NY.

HOLY^&*^ these clueless animals think Communism saved the world….

I listened and I couldn’t even understand them. Destroy capitalism, destroy Trump, destroy, destroy, destroy..

I told them to talk to survivors of Communism and the horror they lived under and they told me to F off.

I was a maggot capitalist….

Our universities have been taken over quietly by very sick people who are teaching your kids that the State and Collectivsm is everything they need.

Frightening stuff this…

Listen to yourself. Equally frightening. – Garth

#33 marcus on 10.26.18 at 6:49 pm

KLNR “Nationalism will win out over Globalism.
_________________________

yup, sad but true.
Hopefully that type of ignorance doesn’t happen to Canada”
—————————————————–

Oh the irony of this statement. LOL! A true Globalist would not lament something happening to “Canada” because Canada would not exist in a Globalist utopia. there would just be one mega state with a bunch of slaves.

#34 Deplorable Dude on 10.26.18 at 6:51 pm

Red wave incoming.

Early voting and mail in ballots traditionally favour Dems. Currently Republicans are leading across the country. Much better indicator than biased phones polls the MSN use to try and con the public.

Dems are toast.

Big market rebound 7th Nov.

Steel costs?

You are watching Trump switch the US economy over from Wall St to Main St. New steel plants are coming online in the US.

Product costs go up….yep…but..

Full employement, higher wages, lower tax. People can afford more expensive US made products made by Americans.

…as opposed to crappy Chinese made junk made by lowest paid workers….

#35 Roland on 10.26.18 at 6:52 pm

Markets are not “apolitical.” The only thing more political than a market, is a battlefield.

Markets, particularly financial markets, are very political indeed. They depend on a certain kind of legal and regulatory regime. They are also regularly subject to direct intervention by political authorities.

For example, during the past decade, the owners of capital have enjoyed a massive and prolonged political intervention by the central monetary authorities on their behalf.

#36 AB Boxster on 10.26.18 at 6:52 pm

Globalism with China in the WTO has been a disaster for the American worker for the past 30 years.

There can be no free trade with China.
China state manages every aspect of business and people’s lives.

Companies in China are all owned by the state.
They can produce steel or in fact any product they want without fear of any market forces that privately owned companies are subject to.

China builds massive empty cities to keep workers working.
No one live in these cities, just make work projects to keep their GDP humming.

https://www.businessinsider.com/these-chinese-cities-are-ghost-towns-2017-4

When their stock markets go down the state intervenes.

There is nothing free market about the Chinese except that they are happy to exploit any country that tries to work within free market principles.

Canadas nutjob leader loves China and it’s dictatorship. Thinks it will be a good model for Canada.

The Americans are the only country telling China that they are not prepared to send their production to them anymore.
That they will not allow Chinese goods into America while American goods cannot be sold in China. That the Chinese cannot produce as much steel as they want and dump it into America and kill American industry. That they are tired of china stealing American technology and using it to against America.

If the Americans, standing up to trade rules that totally disadvantage America is anti-globalist, then bring it on.

All Trump has ever said is that he wants fair trade.
And that trade must benefit the American worker and not the corporate or wealthy elite who seem to be the ones who have gained the most over the past 30 years.

#37 EB on 10.26.18 at 7:04 pm

“Pure nationalism and sovereignty is old fashioned and dangerous and will not survive.”

That’s certainly the narrative that the people who plan to end up on the top layer of the global barrio are pushing. But to their credit they’ve done an amazing job of linking the interests of stateless capital with “social progress” in a lot of minds.

#38 Leo Trollstoy on 10.26.18 at 7:13 pm

This isn’t a downturn lol

Pansies

#39 Ronaldo on 10.26.18 at 7:17 pm

#21 Democracy Is Mob Rule on 10.26.18 at 5:47 pm
October tends to be a bad month for the markets. Back in 1987 it was a really bad month. Then there was a good buying opportunity.
—————————————————————-
1987 was a giant bubble on the TSX and VSE. All you had to do was throw a dart and you would have gotten a winner. Then came Oct. 19th and the market took it all back. Still ended the year up 5.88%.

#40 young & foolish on 10.26.18 at 7:20 pm

“Trump is a momentary bump in the road to globalism” — Mob Rule

I used to think that, take it for granted. But then, the more I studied human nature, the more I understood that people like to be close to their governments. Even federal governments are `too far`for many.

A new, more intimate and “user friendly” version of globalism needs to emerge. Not holding my breath for it though.

#41 arfmoocat on 10.26.18 at 7:21 pm

The Dow has only lost 2000 points this month sitting at 24,688.31
The Nasdaq has only lost 1000 points this month sitting at 7,167.21

The TSX… well who cares

#42 Dolce Vita on 10.26.18 at 7:21 pm

Et tu, Brute?

“…and see it in Italy, where alt-right politicians have tapped into a vein of public rebellion.”

Salvini and de Maio are not in modern functionally illiterate parlance “alt-right” and nor are they Robespierre.

The “ALT-RIGHT” words are the result of BRAINWASHING by the Left dominated mainstream media nowadays in N. America that has run amok like children that cannot have their way vs. the Edward Morrow journalism of decades ago.

They lack honesty, manners and civility. Why their ratings plummet.

Every morning I read Italian dailies from Commie “Il Manifesto”, to moderate/centrist “RAI” and “La Republica” followed by conservative/sensationalist “Il Giornale” (there are 2 others I read along the political spectrum).

I also read CNN, MSNBC and Fox which are bookmarked in my Chrome folder named:

ENTERTAINMENT,

which is all they are good for unless it’s “news” about another US mass shooting or natural disaster. All 3 have the intellectual depth of a mud puddle.

CBC, CTV and Global which I also read/watch every day are consistent with words used by “Il Manifesto”, the latter at least taking the time and having the courtesy to explain their point of view with facts requiring more than your typical N. American attention span of 10 seconds.

Good luck in Canada trying to find balanced political mainstream journalism. Wordsmith Rex Murphy is as good as it gets.

Inform yourself better on matters of Italian “alt-right” & in this specific case, practice the words COGITO ERGO SUM…thus, have a care and give more weight to COGITO.

Condescension breeds hatred. I presume that was you intent? – Garth

#43 Jimers on 10.26.18 at 7:27 pm

Kavenaugh, stocks crash, the Obama Bomber, nothing phases Trump.

#44 King Henry VI on 10.26.18 at 7:28 pm

#4 Rickshaw on 10.26.18 at 4:50 pm
“These comments are getting worse and worse each day. I appreciate the rare insights on here but I just keep seeing a growing number of drunkards and schizos.
Half the comments are arguments or total nonsense. How has this blog attracted so much scum?”

Well let’s see here Ricky. Would you be including yourself in the scum that has gravitated to this pathetic blog? Would that include you scum ball Ricky?

#45 Mai on 10.26.18 at 7:31 pm

”Whatever happens in that election, populism will inevitably falter. It always does. That nation-state model got old fast.”

Dear Garth, I your love this blog, but here you are just plain wrong. The nation-state model is nothing new. My home country is over 1000 years old and I am proud of its culture, its history and its people. We have been through so much during the centuries. There was a time when we were told that the Soviet Union will rule the world. A picture of Stalin hanged in every school. The media was busy with communist propaganda and the secret police with the intimidation of dissenters. Not much different from today’s leftist MSM, censorship and shadow-banning. Yet where is the might USSR now ? So shall fall the dictatorship of the EU and the globalist cabal. Just give it time.

Oh brother. Bandit and I are going for a long walk. – Garth

#46 D C on 10.26.18 at 7:35 pm

#115 Frank The Tank on 10.26.18 at 12:42 pm: I actually don’t get emotional about it at all, I just wonder about whether a balanced 60/40 makes more sense than a 80/20 at this moment.

Good for you. In all seriousness, I believe another poster last night was correct: although you can notice differences in the short-term, comparing the returns/volatility of a 60/40 vs. less FI, surprisingly things even out over the long-term.

https://cdn.canadiancouchpotato.com/wp-content/uploads/2018/01/CCP-Model-Portfolios-ETFs-2017.pdf

20y return
40% FI: 6.18% (SD 7.5%)
10% FI: 6.25% (SD 11.02%… eek!)

It’s not all about returns. Everyone is brave until there’s a correction, then many people fold and buy into losses. That’s why mitigating volatility can be more important than performance. – Garth

#47 FATLADY on 10.26.18 at 7:37 pm

TRUMP IS A TWO-TERM PRESIDENT.

END OF STORY

GO TO BED

#48 Nobel Laureate on 10.26.18 at 7:41 pm

I say it’s mostly the election jitters. Can they not just have an election down there without turning it into a carnavel of the bizarre? Caravans, pipe bombs that don’t have detonators or explosives, impeachment talk, people stealing yard signs, flag kneeling, Russian trolling, tax cuts, tariffs, 36 year old groping allegations, drinking parties with (horrors!) spiked punch, gender identity issues, boys winning girls’ sports contests, Kathy Gifford, you just can’t keep up with it all!

I wonder if we’d even know about all this stuff if CNN didn’t need something to put on TV 24/7. I bet they sent the pipe bombs and started the caravan.

At least we know the pipe bombs weren’t Russian because Russian bombs reach their target and explode as intended. Just ask ISIS.

Markets correct, and this was a market in need of a correction, so I don’t think anybody should lose their $hit just yet.

Americans are crazy. Well I guess everyone is crazy. And in American, just like Canada, the loose nuts all rolled to the west coast. California has a new law there specifying the mandatory gender ratio of corporate boards. But as we’ve seen in women’s sports as of late all you have to do is “self identify” as a woman and you can keep your board seat. Did they not think that one through? And what happened to the old corporate governance concept that the shareholders elect the board to oversee their investment? A lot of people don’t understand that, but the president of a company is actually an employee of the shareholders, overseen by the board. But now the shareholders of California based companies have to check up everyone’s kilt to make sure there isn’t too many danglies around the conference table. Crazy. I’m sure next year they get skin color based quotas too.

Oh well, I guess if Turdeau can establish his cabinet based on gender I suppose California can do it too. Jordan Peterson put it best, the number on job of the prime minister of Canada is to hire the best people for the job when selecting his cabinet. But since the orders are all coming from Jean Chretien I suppose it matters not who is in the cabinet.

So we end up with climate Barbie professing her absolute lack of knowledge about all things scientific by calling carbon dioxide (CO2) a “pollutant”. No, it’s a greenhouse gas. It’s not like NOx, sulfur, mercury, lead, and some of the other nasties that can come from burning fossil fuels, most of which have been dramatically reduced. Sure, there is some justifiable concern over the amount of CO2 in the atmosphere and how that relates to global temperatures, but the gas is essential to plant life. If we somehow brought the level of CO2 in the atmosphere to zero (actually well before that) all life on the planet would end. It is not a “pollutant”, any more so than that other widely abuse chemical Hydrogen Dioxide (H20).

The theater of the absurd has reached such levels that it is impossible to believe there are very many people out there who can still think straight. But as I am fond of saying, half of the population is below average intelligence. The main problem is, of course, that they aren’t smart enough to know it. And to solve most of the complex problems in the world today, you actually want someone of significantly higher than “average” intelligence doing the thinking. Sadly, most people cannot identify them.

IQ is not like muscles, which are clearly identifiable even to people who aren’t blessed in that area. You can tell by looking at a guy if he is able to smash your head on the ground if you piss him off. Not so with IQ, where you generally have to look at a person’s achievements. Steven Hawking did not “look smart”. He didn’t even sound smart. But yet most people could not truly understand the stuff he figured out on his own, even if it were explained to them 100 times. They might not even have the vocabulary. I know I couldn’t do the math, but at least I have done enough math to know I couldn’t do that math.

Another good analogy is that IQ is like magic. The magician knows how he created the illusion or solved the card trick, but only 1 in 100 of the audience can figure it out without watching YouTube videos on magic.

So why the rant? All you part time traders who think you know what the market will do on Monday should put your money where your mouth is, so that the great axiom that “a fool and his money are soon parted” can be allowed to do its Darwinian thing. Sure, we could have a correction. We could have a recession. Maybe we’ll have a depression. But until we run out of fossil fuels there will be no collapse.

If and when we do run out of fossil fuels, we’ll be up $hit creek without a paddle. No lights, no heat, no food, and a bunch of spent nuclear fuel we can’t contain and didn’t bury when we could have. This is a much larger potential problem than global warming. But it is complex and therefore hard to understand, and doesn’t sell carbon taxes and socialism. But the solution, it seems, is to make sure there aren’t too many men running private companies on behalf of their shareholders.

If there is a Dog, he/she/they/zee/zem is the Dog of chaos. Dog thought it was funny to give a bunch of apes just enough brains to figure out fission but not enough brains to know what it would lead to. He/she/they/zee/zeem is probably ROTFLMAOAPM in his/her/they/zee/zeem little Doggy bed heaven. The joke couldn’t have turned out better.

#49 AGuyInVancouver on 10.26.18 at 7:43 pm

#43 Jimers on 10.26.18 at 7:27 pm
Kavenaugh, stocks crash, the Obama Bomber, nothing phases Trump.
_ _ _
You mean the MAGAbomber? Because make no mistake, he is a product of Trump’s vitriol.

#50 unbalanced on 10.26.18 at 7:45 pm

Wasn’t it here a few days ago, all I heard was how great Trump was?

#51 unpfd on 10.26.18 at 7:49 pm

Garth

CPD and ZPR are getting pummeled in spite of rising interest rates? What gives?

#52 Sam the Sham on 10.26.18 at 7:51 pm

This is the big one folks. The stock market is crashing and soon the economy will fail.

As Gerald Celente said “When All Else Fails They Take You To War.”

This is where we are enviably headed. I’m digging my bomb shelter in the back yard just like my parents did back in the 1950s!

Take Celente with you. The world will be safer. – Garth

#53 SoggyShorts on 10.26.18 at 7:54 pm

#114 Stan Brooks on 10.26.18 at 12:40 pm
#107 SoggyShorts on 10.26.18 at 11:59 am

So you are basically smarter than McKinsey?

********************************
I knew you had some stupid ideas, but I thought you could at least read.
♦Mckinsey says 1 in 3 jobs in 15 years
♦You say 50-60% in 10-15 years(Almost double their numbers)
♦I tell you why your extreme prediction is stupid

Then you ask if I think I am smarter than they are when you JUST said that you think you know better than they do.

I think they might be close to right, but you, as usual, are not.

BTW Gas today in Edmonton $1.039. Your guarantee of $2.00 gas in 4 years is looking great!

#54 Deplorable Dude on 10.26.18 at 7:55 pm

Nationalism = a zoo with all the animals in their caged ecosystems, living harmoniously in their own hierarchies…

Globalism = open all the cages.

#55 arfmoocat on 10.26.18 at 8:00 pm

#48

CNN… to funny

You could stop watching CNN for two years and not have missed a thing.

Turn it on two years later and your watching the same old Trash Trump rerun

Did it deserve a pipe bomb? – Garth

#56 Craig Crispolos on 10.26.18 at 8:01 pm

What about Obama’s socialism policies that crippled U.S. growth and economy and added 10 trillion U.S. in debt in 8 years. The most in U.S. history.

Most people in the U.S. are sick of it. This is why the Democrats and Bernie Sanders Democratic Socialism is destructive and they want to add populations with socialistic countries, regions, Central America and Venezuela etc.

I was born in Chile and remember

Obama inherited the GFC. Maybe they get away with rewriting history in Chile. Not here. – Garth

#57 akashic record on 10.26.18 at 8:03 pm

#45 Mai
Oh brother. Bandit and I are going for a long walk. – Garth

—-

During that long walk, you might spend a couple of minutes to wonder, why those people, who were directly exposed both to fascism and Communism are the most alarmed about globalism, as it continues to evolve.

Are they too sensitive and suspicious of everything that resembles totalitarianism?

Or are others, who grew up in decent democracies too naive and lost or never developed the ability of detecting lurking dangers, when they appear rebranded in shiny, new package, especially if it is coming the most unexpected corners, from the former decent democracies?

#58 conan on 10.26.18 at 8:08 pm

Winning the House is step one. Getting the Senate would be a surprise.
Begin impeachment for emoluments. Then lay the groundwork for the 28 th Amendment. Reduction of Presidential powers.

#59 For those about to flop... on 10.26.18 at 8:15 pm

Pink Pumpkins being carved in West Vancouver.

Featured these guys before as they have been trying to get their money back since late 2016 but are trapped like a lot of people.

They paid 4.7 in January 2016 and had it back on for 5.5 by September just as the market started to get the hiccups after failing to properly swallow what the epic Spring
Fling had served up earlier in the year.

Tried every year since for an exit and today they took 400k of of the ask which stood at 4.99 and now is 4.59

As I have written many times before this I’d one of the most speculated upon streets I have seen since my Pink Project started and there is a potential that the losses in the street alone if things continue down the current path will be double digit million combined losses.

I bet they won’t talk about real estate at the summer block party…

M44BC

2292 MATHERS AVE WEST VANCOUVER paid 4.7 January 2016 ass was 5.16 now 4.94

https://www.zolo.ca/west-vancouver-real-estate/2292-mathers-avenue

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#60 arfmoocat on 10.26.18 at 8:16 pm

Did it deserve a pipe bomb? – Garth
………………………………………………………………………

According to CNN it’s all Trumps fault. lol

#61 Mr White on 10.26.18 at 8:25 pm

Business is cyclical. Keep buying into the market but keep your balance. Use your own money and interest rate only make you more wealthy.

#62 For those about to flop... on 10.26.18 at 8:32 pm

Pink Pumpkins being carved in West Vancouver.

Featured these guys before as they have been trying to get their money back since late 2016, but are trapped like a lot of people.

They paid 4.7 in January 2016 and had it back on for 5.5 by September just as the market started to get the hiccups after failing to properly swallow what the epic Spring Fling had served up earlier in the year.

Tried every year since for an exit and today they took 400k off of the ask which stood at 4.99 and now is 4.59

As I have written many times before this I’d one of the most speculated upon streets I have seen since my Pink Project started and there is a potential that the losses in the street alone if things continue down the current path will be double digit million combined losses.

I bet they won’t talk about real estate at the summer block party…

M44BC

2292 MATHERS AVE WEST VANCOUVER paid 4.7 January 2016 ass was 5.16 now 4.94

https://www.zolo.ca/west-vancouver-real-estate/2292-mathers-avenue

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#63 KLNR on 10.26.18 at 8:36 pm

@#57 akashic record on 10.26.18 at 8:03 pm
#45 Mai
_________________________
Oh brother. Bandit and I are going for a long walk. – Garth
___________________________

lol, you guys have lost your marbles.
theres medication you can take for you delusions

globalists, leftist MSM, soros etc
enough with the conspiracy garbage.

#64 KLNR on 10.26.18 at 8:41 pm

@#33 marcus on 10.26.18 at 6:49 pm
KLNR “Nationalism will win out over Globalism.
_________________________

yup, sad but true.
Hopefully that type of ignorance doesn’t happen to Canada”
—————————————————–

Oh the irony of this statement. LOL! A true Globalist would not lament something happening to “Canada” because Canada would not exist in a Globalist utopia. there would just be one mega state with a bunch of slaves.
_________________________

LOL.
sigh.

#65 crowdedelevatorfartz on 10.26.18 at 8:45 pm

@#47 FATLADY
“GO TO BED”
++++

Only if you promise to sing…….

#66 Steven Rowlandson on 10.26.18 at 8:46 pm

Re:#19

“If you’re poor, it’s because you are lazy and a liberal.”

I spent from 1980 to 2009 working full time doing skilled work as a supplier of labour to stair companies in the Barrie area and my politics are very right wing and I wound up living in my car and never got married.
So the quoted statement above is in whole or in part false. Anyone can be poor and homeless in Canada regardless of their skill level, politics, education or work ethic. When you are up against adverse market conditions and policies bad things can happen to reasonably good people.

#67 Reximus on 10.26.18 at 8:50 pm

According to CNN it’s all Trumps fault. lol

——-

Turns out he was a full-on MAGA Trump rally lunatic and sends bombs to all the people Trump derides at those hate rallies…supposedly never even voted before he started going to Trump’s hate rallies

#68 Nonplused on 10.26.18 at 8:51 pm

Garth on #55

“Did it deserve a pipe bomb? – Garth”

Nobody deserves a pipe bomb. But the whole thing is looking like a hoax. Maybe Trump inspired, but the level of actual violence Trump has been calling for is a lot less than the CNN/Hillary/Antifa camp.

Trump wins by rudely calling out the fact that his opponents have a “log in their own eye”. He’s never sent people to hassle his opponents at dinner in a restaurant. That is a democrat tactic. He’s never DOX’ed anyone. He kicked a few protesters out of his rallies but that’s about it in terms of violence. He, at this point, has the higher ground. Strange as that may seem. But it is bizarro world.

Sorry, but I missed the “actual violence” Hillary Clinton has been calling for, and you reference. Link? – Garth

#69 Nonplused on 10.26.18 at 8:56 pm

#66 Steven Rowlandson

I was once walking along downtown with my boss’s boss after lunch and we had to navigate around a homeless person. He was trite and unoriginal but appropriate. “There, but for the grace of God, go I”.

So I bought myself a tent just in case. I’m a little slow.

#70 For those about to flop... on 10.26.18 at 8:56 pm

You dingalings that come here to fight everyday are gonna be the death of this blog…

M44BC

#71 KLNR on 10.26.18 at 9:08 pm

@#19 John Smith, OPC supporter and member on 10.26.18 at 5:37 pm
My friends, the best social assistance is a JOB. I concur with our great Premier Doug Ford for stating the obvious. If you’re poor, it’s because you are lazy and a liberal. Canada is a great country. A JOB is the way out of poverty, not Basic Income, not UBI, not the Wynne Liberals.
______________________

dude, folks like you give the PC party a bad name.

#72 Stahom on 10.26.18 at 9:08 pm

Big wheel keep on turning, Proud Mary keep on turning…

As long as people need toothpaste, toilet paper, burgers, beer, cars, computers, etc. the market upheavals are just part of the ride.

The clowns on the stage may cause a scandal during the evening program with some saucy material, but the business CEOs will keep the ship from hitting the iceberg.

I’ll quietly scoop up the S&P during all the talk of catastrophe and in 10 years will reflect on what a clever move it was while brushing my teeth with Colgate then getting into my Toyota built in Tennessee for a nice round of golf with my Mizuno clubs while wearing my Nike apparel and and enjoying a cold Coke at the turn.

Reject the noise, respectfully ignore the mean people, enjoy your family, don’t die for a while.

#73 akashic record on 10.26.18 at 9:12 pm

#63 KLNR on 10.26.18 at 8:36 pm

@#57 akashic record on 10.26.18 at 8:03 pm
#45 Mai
_________________________
Oh brother. Bandit and I are going for a long walk. – Garth
___________________________

lol, you guys have lost your marbles.
theres medication you can take for you delusions

globalists, leftist MSM, soros etc
enough with the conspiracy garbage.

—-

You can’t, you never had any.

Do you realize that Nazis and Communists used medication to “treat” people’s opinion, just as you suggest here that garbage with straight face?

No, it wasn’t just conspiracy.

#74 FOUR FINGERS WATSON on 10.26.18 at 9:13 pm

Did it deserve a pipe bomb? – Garth
………………………………..

Perhaps they deserve being stuck in an elevator with crowded elevator fartz,, soggy shorts, smoking man, and little moi. That would fix ‘em.

#75 genbizx on 10.26.18 at 9:21 pm

Bottom line – We wake up every day concerned with ourselves and our individual well being…
Some will benefit greatly from Globalism and some stand to lose everything….interesting that those who are insulated from any negative effects or have much to gain pontificate on high on the superiority of the globalist ideology

These same people feel the need to characterize those who disagree with the idea as populists, lesser minds, easily led sheep, xenophobes..
I suspect they hope that is true but inside fear that it’s much simpler….intelligent, well reasoned individuals on both sides who are just want their piece
2 kids in a sandbox fighting over a toy…in adult wrapping…

#76 BS on 10.26.18 at 9:30 pm

Sorry, but I missed the “actual violence” Hillary Clinton has been calling for, and you reference. Link? – Garth

Hillary Clinton: You ‘cannot be civil’ with Republicans

“That’s why I believe, if we are fortunate enough to win back the House and or the Senate, that’s when civility can start again.”

Definition of uncivil
not civilized : BARBAROUS
not conducive to civic harmony and welfare

https://www.usatoday.com/story/news/politics/onpolitics/2018/10/09/hillary-clinton-cnn-interview/1578636002/

Please tell me that was satire. – Garth

#77 arfmoocat on 10.26.18 at 9:33 pm

#67

I agree the pipe bomb guy was a nutjob, but for CNN to tilt as all Trumps fault is so CNN

Turn CNN on right now, what are they doing? Trashing Trump… on my what a surprise.

It’s getting old CNN, even the Dems are getting sick of the reruns.

#78 Stan Brook's Psychiatrist on 10.26.18 at 9:35 pm

#29 Oakville Rocks

Addressing the insane Stan Brooks:

“You really need to lay off the meds, learn to read and think at the same time. I am done with you. I will not debate with a troll who is intellectually dishonest or incompetent.”

Stanley is on meds and shock treatment for the rest of his life. Some sympathy is in order. Stanley’s life consists of heavy medication, zaps of electric current to his diminishing brain and then his highlight of the day is the burrito truck visit and of course the few minutes a day we release him from his straight jacket to type his mindless dribble on this blog….

#79 BS on 10.26.18 at 9:44 pm

Obama inherited the GFC. Maybe they get away with rewriting history in Chile. Not here. – Garth

Part of the 2008 crash was the market looking forward at Obama getting elected. Similar to what is happening now with the possibility of the democrats in congress. Also similar to the 2016 presidential election when markets were trending down with Hillary leading in the polls. Had Hillary got elected the recession would have started within months.

Post 2008 crash under Obama’s watch we had the slowest recovery in history coupled with the largest accumulation of debt ever.

GDP growth typically sours after a crash. Obama is the only president in history to never have a 3% plus year of GDP growth. Note Obama had two terms and even all the one term presidents had 3% GDP growth years. Obama should have had a couple of 5% GDP years after a major crash and all that debt. Complete mismanagement.

Trump is correcting things now. Be patient.

Obama caused the global financial crisis which happened during the Bush presidency. Sure. Whatever you say. I give up. – Garth

#80 Stan Brooks is a Kook on 10.26.18 at 9:51 pm

#107 Soggy Shorts

“Automation is improving, but 50% of AL Ljobs in 15 years is an idiotic prediction.”

And you expected a sane comment from Stanley? This is Stan Brooks we are talking about remember. Mr. Rubber room, straight jacket, lobotomy, heavy sedation, electric shockytreatments, etc., etc….

#81 BS on 10.26.18 at 9:51 pm

DELETED

#82 Ustabe on 10.26.18 at 9:52 pm

“You know what I am? I’m a nationalist. OK? I’m a nationalist. Use that word.” trump, 10/22/18

Famous leaders of nationalist regimes:

Qaddafi/Libya
Pinochet/Chile
Franco/Spain
Milosevic/Serbia
Putin/Russia
Tojo/Japan
Mussolini/Italy
Hitler/Germany

I realize from past reading of comments that many of you have difficulty comprehending what various political terms mean but this is dangerous ground we now walk on.

The quote above isn’t a dog whistle or a nuanced gift to the base, it is a flat out call to action.

#83 BS on 10.26.18 at 9:56 pm

DELETED

#84 Hawk on 10.26.18 at 10:03 pm

Turn CNN on right now and what are they doing? Trashing Trump……on my what a surprise.

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

LOL – Don’t be too hard on the counterfeit news network, they always provide lot of entertainment and laughter………. Lemon-head the most.

#85 acdel on 10.26.18 at 10:05 pm

Interesting:

https://tvo.org/video/documentaries/the-great-canadian-tax-dodge

#86 John on 10.26.18 at 10:06 pm

Do the dumbest people in the world post here? I mean seriously… is there a like dumb person web site that says go post on Greater Fool? (so appropriately named).

#87 Deplorable Dude on 10.26.18 at 10:13 pm

#82 Ustabe…famous nationalist leaders.

You missed Ghandi and Mandela….

#88 Ace Goodheart on 10.26.18 at 10:17 pm

So word on the street in Toronto is you can’t sell your house. There is an equity problem.

Spoken by the young folks in the bars and cafes, in whispered tones, like they used to whisper when their therapy animals were not allowed through customs or when a tatoo went wrong.

The whisper is, people can’t sell their houses anymore.

Of course to the young folk this is viewed as a type of temporary ailment.

Something there is an app for.

Something you can cure if enough people complain.

It’ll all be fine.

It’s just unfair for them, the grown ups will notice, and do something about it before anyone gets hurt.

Maybe their parents should have just let them put their fingers in the electrical sockets and fall down the star is.

Maybe evolution works in reverse too.

#89 Ponzius Pilatus on 10.26.18 at 10:30 pm

#35 Roland on 10.26.18 at 6:52 pm
Markets are not “apolitical.” The only thing more political than a market, is a battlefield.

Markets, particularly financial markets, are very political indeed. They depend on a certain kind of legal and regulatory regime. They are also regularly subject to direct intervention by political authorities.

For example, during the past decade, the owners of capital have enjoyed a massive and prolonged political intervention by the central monetary authorities on their behalf.
————
Amen.

#90 Risktopia on 10.26.18 at 10:32 pm

Canada experienced lowest credit growth in 35 years. We could be in store for a painful debt deleveraging cycle.

https://www.risktopia.com/2018/10/canada-is-ripe-for-excruciating.html

#91 crowdedelevatorfartz on 10.26.18 at 10:33 pm

@#70 Flop
“You dingalings that come here to fight everyday are gonna be the death of this blog…”
++++

Yep.
Deserved repeating.

#92 viorelli on 10.26.18 at 10:36 pm

Things are getting more and more insane in the BPOE. Many are struggling and are in debt, things are getting more expensive, wages are frozen, jobs are automated. But more important things always prevail: Aquilinis (Canucks owners), got accused that they had discriminated against a drug user by enquiring if one of their commercial tenants uses hard drugs? Dah! If it is a junkie, obviously he will fall behind on rent (common sense here). But nooo, now you MUST let the junkie fall behind on rent and not say anything as it will infringe on his rights. People in some countries are now wandering why is the west disintegrating so fast, here is a prime example! Try this in Japan or Korea, hard drugs will get you into jail for a very long time, and forget about any employment or rental opportunities forever thereafter!

#93 Bottoms_Up on 10.26.18 at 10:38 pm

#19 John Smith, OPC supporter and member on 10.26.18 at 5:37 pm
——————
That is a very naive and ignorant comment. You speak as if there are no such things as mental illness, physical disability, aging, learning disabilities, genetic defects, poor upbringings etc.

#94 AB north on 10.26.18 at 10:43 pm

Obama’s administration prevented the biggest financial crisis in history and let’s not forget GM is doing nicely after the bailout.

#95 jane24 on 10.26.18 at 10:55 pm

Both Cambridge University studies and Mark Carey, Governor of the Bank of England have been warning that advances in AI and automation will remove up to 40% of current jobs in the next 20 years. This is a short time frame. Guide your kids and grandkids into work that is not so easily replicated by AI.

Even professional level work will go. A friend works in the AI dept of one of Britain’s top eyeglass retailers. He says that they are close to letting all staff other than a receptionist go as eye testing and eye glass delivery is faster and better by computer than by human.

The next concern is though that without actual human workers who will pay income taxes and social costs such as pensions to support us and the govt? The answer will have to be that the machines must pay for the humans they replace.

#96 Love Guru’s Dad on 10.26.18 at 11:08 pm

#40 young & foolish on 10.26.18 at 7:20 pm

A new, more intimate and “user friendly” version of globalism needs to emerge. Not holding my breath for it though.
————-
One Love?

#97 Doug in London on 10.26.18 at 11:10 pm

Well look on the bright side, that means 12 more days of stock and ETF buying opportunities. I’ve got an idea for a song with words like: on the first day of stock sales my true love bought for me, some cheap shares of CPD!

#98 Moses71 on 10.26.18 at 11:10 pm

#4 Rickshaw on 10.26.18 at 4:50 pm
These comments are getting worse and worse each day. I appreciate the rare insights on here but I just keep seeing a growing number of drunkards and schizos.
Half the comments are arguments or total nonsense. How has this blog attracted so much scum
~~~~~~~~~~~~~~~~~~~~~~~~
So you’re reacting to this “scum” by commenting with no other contributions to boot. So, what does that make you?

#99 Nonplused on 10.26.18 at 11:15 pm

“Sorry, but I missed the “actual violence” Hillary Clinton has been calling for, and you reference. Link? – Garth”

Ok, you’ve got me there. She said “you cannot be civil”.

https://www.youtube.com/watch?v=E3oDC-8YuhQ

Might be too much to call it incitement of violence, but it’s incitement of something, and what ever it is it isn’t “civil”. She basically said Democrats cannot be civil until they win. Some people are going to take that the wrong way.

You just lost credibility. – Garth

#100 Nonplused on 10.26.18 at 11:20 pm

#86 John comes and complains about dumb people by saying dumb things.

As John has just proven, some of the dumbest people in the world do indeed post here.

#101 45north on 10.26.18 at 11:22 pm

arfmoocat: You could stop watching CNN for two years and not have missed a thing.</i?

pretty much

#102 ANON on 10.26.18 at 11:25 pm

Just when you think the popcorn stash is large enough, you read the comments…

#103 Nonplused on 10.26.18 at 11:28 pm

PS Garth feel free to ask me for a source anytime you want one. I almost never do my own thinking, but I sure as heck know how to use google. Hillary may not have used words that directly incite violence, but she did say directly no “civility” unless democrats win the midterms. I am just not sure how Antifa is going to interpret that. Now, Hillary certainly can’t be blamed for what Antifa does any more than Bernie Sanders can be blamed for the guy who shot up the Republican baseball game, but a true statesman calls for civility. (No I am not saying that is Trump. He’s a Halloween character in a different costume too.)

But calls to cast aside civility are indeed a new low in politics. It was already low enough.

#104 Smartalox on 10.26.18 at 11:30 pm

John @ #86:

Holy Cow! Suddenly it’s so clear, I think that you’ve hit the nail on square on the head to explain why all these pro-Trump posters flock here to post their drivel!

Obviously there’s some AMERICAN website, http://www.greaterfool.COM, that’s linked to ALL their asinine chat rooms, a digital vomitorium of sorts where they can log in and compete to outdo each other with their masterworks of inane BS.

Because of a URL mismatch, they end up here, a sweet little financial blog run by a kindly gent, in a country where their pathetic little ‘leader’ has no standing, and no currency. Confused, they claw madly at their keyboards, desperate to return to their safe little echo chamber.

Trumpets, please click on the correct link: http://www.greaterfool.COM, and leave us, never to be seen again!

#105 Long-Time Lurker on 10.26.18 at 11:43 pm

Bouncer(s), Garth. Bouncer(s).

#106 Vxx on 10.26.18 at 11:45 pm

Making it rain with VXX this month. Always hold August to October, sell the spike.

#107 Nonplused on 10.26.18 at 11:50 pm

#82 Ustabe

So because some bad people were “nationalists” all nationalist are bad people? You didn’t ever take a university logic course, did you?

John A. McDonald was a nationalist. So was Abraham Lincoln. So is the Queen.

The logical mistake you are making here is probably not explainable to you, but maybe you can get your head around this: “Some men have committed murder. It does not follow that all men are murderers.” Or how about this: “Most women do not lie about sexual assault. However it does not follow that no women ever lie about sexual assault”. It’s a grouping thing. You cannot be guilty by association in the same way apples are not oranges simply because they both grow on trees.

I recently had a discussion about the Kavanaugh thing with my daughter. She’s a bright kid, working on a master’s in science, but her mom (also bright) has a Ph.D. in a social science, so heavily feminist, and not the “equality” type, the “patriarch repression” type. My daughter’s viewpoint was that “only 2% of women lie about sexual assault cases, therefore Kavanaugh should not be confirmed”. Well, only 2% of people lied about witches too and that got a lot of people burned at the stake. Justice is about evidence, not statistics. “Innocent until proven guilty” is one of the underlying pillars of our society. If we ever go back to “guilty until proven innocent” we will be in for very bad times.

Therefore Trump is innocent of being Hitler or anyone else on your list until proven otherwise and I suspect your chain has come off the sprocket.

#108 CalgaryCarGuy on 10.27.18 at 12:48 am

Re #66 Steve Rowlandson
I wound up living in my car and never got married.
——————————————————————–
There are a s**t-load of guys out there (like me) who WISH they never got married and will not repeat it so maybe that was a good thing. Living in a car would really suck though. It sounds like this was in the past…I hope things turned around for you.

#109 For those about to flop... on 10.27.18 at 12:52 am

Race to 1.5 million.

Vancouver Westside edition.

Already saw a detached in Marpole go for 1.4 with an assessment of 2, but this one is in Arbutus, a vastly more desired part of town.

They were asking 1.78 and that didn’t fly,so who knows.

It could be priced so low to try and get the competitive juices flowing, but we’ll track it and see what it goes for.

No harm in that…

M44BC

2833 w 18th ave,Vancouver.

Asking 1.49

Assessment 2.07

2018-06-08 : $1,788,000
2018-10-26 : $1,490,000

https://www.zolo.ca/vancouver-real-estate/2833-west-18th-avenue

#110 DON on 10.27.18 at 12:54 am

Some of the subjects/comments tonight…yikes!

Full moon? Or a sign of the Times?

Not enough realtors on this sight, fighting amongst ourselves.

Is it time for another blog poll on the state of affairs to measure mainstream sentiment.

#111 For those about to flop... on 10.27.18 at 1:23 am

Less than assessed.

This detached in Kits could also be a Race to 1.5 million post but I guess the main news with this one is the discrepancy between the assessment and the asking numbers.

The ask is 1.68

The assessment comes in at 2.48

Flopulator says there is a 32% difference between the numbers, unless my mangled fingers hit the wrong buttons.

The realtor is vastly experienced and although it has been nearly a decade,I have met him and actually worked on his personal residence around the time of the last financial meltdown.

Won’t say too much else as I don’t want to get myself in trouble.

I could lose my job over all this, but when you are self employed you don’t get fired.

The phone just stops ringing…

M44BC

https://www.rew.ca/properties/R2317131/2608-w-11th-avenue-vancouver-bc?search_id=902789145&search_type=property_search

#112 the ryguy on 10.27.18 at 1:52 am

You mean the MAGAbomber? Because make no mistake, he is a product of Trump’s vitriol.
———————————————————-
Is Trump a time traveller? Because you realize this weirdo was charged with making bomb threats back in 2005, plus a long list of other felonies? But sure its Trumps fault…do you ever read past the headlines guyinvancouver?

BTW..hate to be conspiracy guy…but this wacko was officially charged today..guess what charge wasn’t listed..attempted murder. So that means these were not functional explosive devices.

But hey don’t let facts get in the way of a good narrative.

————————————————————
Obama inherited the GFC. Maybe they get away with rewriting history in Chile. Not here. – Garth

Obama also doubled the national debt in 8 years, lets not pretend the community organizer worked any miracles.

#113 Smoking Man on 10.27.18 at 2:31 am

@The flamingo. Going to the Halloween party tomorrow as Hunter S Thompson. Never knew who he was till a few blog dogs saw the resemblance.

When you realize your whole life existence is script written by someone else. Probably at the UN.

And you say, let’s abort the English language. Take the control freaks head on.

When they kill you. Atleaaed you saw the truth. Then have mean words for I’m with God. Unleese his name starts with an A.

Globalist mafiostos. I got your number.

Why am I still alive and employed? Perhaps my god has more power than the dementad freaks god.

I’m a drunk. Still trying to figure it out.

#114 the Awakened One on 10.27.18 at 2:44 am

Oh man, I don’t care:
– 10% erection and then correction
– Trump, or the SP500 going to hell
But when I see Garth posts a Killer Kitten who took fearless selfie with obedient puppies, I very much worry…
This must be an omen… of more Kittens to come!

#115 Stan Brooks on 10.27.18 at 2:50 am

#29 Oakville Rocks! on 10.26.18 at 6:36 pm

I am not glorifying McKinsey.
The point is that usually they know what they are talking about. So the report is worth noting. Good that you read some of it. While only some TYPE of jobs will be fully automated INITIALLY, total job losses are expected to be huge.

Plus the competition among workers will result in overqualified applicants working menial low paid long hours jobs while the rest will have no chance at finding jobs. It will be a huge change in the lifestyle of the middle class and the poor that will render many of the suburbs ghettos.

Gas is between 1.30-1.45 elsewhere/outside of Alberta and yes, it will go to $ 2 per litter in a few years time frame (patience here) as we are in the classic late cycle, nothing fancy about this prediction.


#86 John on 10.26.18 at 10:06 pm
Do the dumbest people in the world post here? I mean seriously… is there a like dumb person web site that says go post on Greater Fool? (so appropriately named).

Well, judging by the real estate market and prices, as well as legalization of pot that might as well be the case, plus there is also a huge number of real estate professionals here apparently with empty stomachs and a lot of free time, ready to attack anyone who does not believe in housing.

Also let’s stick with local politics, shall we?

We know very little about the ‘right wing’ parties in Italy.

#116 Adrian on 10.27.18 at 3:17 am

This is a story as old as Capitalism. There have been private debt bubbles, followed by major deleveraging events prior to the French Revolution & WW1 (in France), and WW2 in the USA. See Richard Vague’s research:

https://democracyjournal.org/magazine/42/the-private-debt-crisis/

This time we aren’t on a gold standard, which has tended to drive mercantilist trade policies in the past. Humans are definitely still tribal, though, and the US is at risk of losing its reserve-currency status, with all the special privileges that offers. Meanwhile, Western money doesn’t have open access to China’s markets, and there is talk of Theucidides’ Trap, so the rise of China is (at least seen as) a direct challenge to US global hegemony.

#117 Big Al (Original) on 10.27.18 at 4:44 am

Capitalism gone too far: almost the entire 3rd world
(you know, where business owners and politicians have no stupid red tape or regulations, or minimum wage, or workers rights ‘choking’ their free enterprise, they basically own their countries and the people, and exploit and brutalize them almost at will)

Communism: North Korea, USSR, Cuba, China
(you know, where a handful of creepy psychopaths control everything and everyone, and brutalize everything and everyone)

Limited capitalism/fake socialism: 1st world limited democracies

Real Socialism has almost nothing to do with government but rather with the structure of private firms and the fundamental employment relationship. It is to get rid of the wage/salary model and going to profit sharing only. No unions, no minimum wage, no vacation pay, etc etc. Just simple profit sharing. E.g. firm with 5 employees, actual owner gets 50% of profits, all employees divvy up the other 50% among themselves. Simple, creates incentive to drive profits, creates a self-policing model for employees to deal with one another if someone doesn’t pull their weight.

The communist / state socialist countries are not “socialist” because they transfer ownership to the state. Neither do I consider left’s social programs/policies to be socialism.

Private firms with solely profit sharing models instead of salaries/wages, without unions and almost no employment laws/red tape is my utopian vision. But then again, utopia is by definition a place that doesn’t exist.

#118 Lel Mastman on 10.27.18 at 6:31 am

Fantastic astute post Garth. I’m sorry you have to own these conspiracy theorists on the daily. Love, a moderate.

#119 Wrk.dover on 10.27.18 at 7:51 am

Is the MAGA crowd on this blog going to set up crowd source funding for the legal defence of one of their own mentality ilk currently under arrest in Florida, or will Murdoch and the Koch bros. be footing the bill?

#120 Keen Reader on 10.27.18 at 8:19 am

Re: #107 Nonplused – “Innocent until proven guilty”

That is for legally convicting people, but it is definitely not the minimum-standard for holding public office! There are plenty of clean and smart candidates, so no need for individuals with highly questionable pasts like Trump and Kavanaugh. They both would have maintained highly desirable lifestyles, had the higher moral standard been used.

#121 Victor V on 10.27.18 at 8:21 am

https://www.theglobeandmail.com/investing/education/article-its-beginning-to-look-a-lot-like-a-higher-tfsa-limit/

What will the TFSA contribution limit be for 2019?

We probably won’t know officially until December, but the limit will almost certainly rise in the new year to $6,000 from $5,500. The annual limit is indexed to inflation, then rounded up or down to the nearest $500. The indexed amount is currently $5,721 – just shy of the magic number of $5,750 required for the TFSA limit to be rounded up to $6,000. To get us there, the consumer price index would have to rise by just 0.5 per cent in 2018. This seems like a slam dunk, given that year-over-year CPI growth has averaged well over 2 per cent through the first nine months of 2018.

#122 Gravy Train on 10.27.18 at 8:27 am

#36 AB Boxster on 10.26.18 at 6:52 pm
“All Trump has ever said is that he wants fair trade. And that trade must benefit the American worker and not the corporate or wealthy elite who seem to be the ones who have gained the most over the past 30 years.”

So, then, no more whining, moaning, bitching and complaining about your falling stock prices. ‘Ya’ can’t have it both ways, ‘ya idjit’! :)

#123 Fish on 10.27.18 at 8:31 am

Personal Information Protection and Electronic Documents Act

https://laws-lois.justice.gc.ca/eng/acts/P-8.6/FullText.html

#124 Fish on 10.27.18 at 9:13 am

Canadian privacy law
https://en.m.wikipedia.org/wiki/Canadian_privacy_law

Privacy laws in Canada

https://www.priv.gc.ca/en/privacy-topics/privacy-laws-in-canada/

#125 crowdedelevatorfartz on 10.27.18 at 9:19 am

@#94 jane24
“The next concern is though that without actual human workers who will pay income taxes and social costs such as pensions to support us and the govt? The answer will have to be that the machines must pay for the humans they replace.”
+++++

Income tax for robots has been discussed by economists.
I mean the govt taxes humans for working and earning money , why not machines that work and earn money…..and they wont vote or complain about income tax… a win win in the eyes of most politicians….unless of course AI becomes “self aware” and demands…”rights”.
Would make an interesting Court case.

As for menial jobs being replaced in the near future ( the next 20 years). Not that manufacturing eyewear is “menial” but machines already grind lenses, make frames etc.( and yet eyewear is STILL outrageously expensive?)
I dont see replacement of physical tasks as all that cost effective for a few decades yet.

Accountants(software), lawyers(software), engineers(software), teachers( screens, software, low cost human mentors) scientists(software/robots), beurocrats( gotta take the good with the bad).
Jobs that are “rules based” with huge amounts of info to be sifted through daily……

A study was done for X-ray techs.
They were given 100’s of X-rays of patients and asked to look for breast cancer.
They found about 75% of the known cases and it took several days.
The computer software found 90% AND red flagged a few that hadnt been previously discovered in less than an hour!
Think about THAT next time your in Emergency at 3am waiting for the on call X-ray tech to arrive to scan your broken leg.
As for future pensions going bankrupt….I wouldnt worry too much about CPP but people with govt jobs (with “garanteed” pensions) being outsourced overseas or replaced by technological advances…( Hello Canada Post?).
They should be worried.
The govt can wipe out generous pensions or generous benefits at the stroke of a pen and if ex-govt employees expect sympathy for their plight from a financially struggling public looking for tax reductions…..dream on.
Keep investing in private pensions people.
It may be the only game around in a generation or two.

#126 crowdedelevatorfartz on 10.27.18 at 9:25 am

@#115 Stan Brooks
“Also let’s stick with local politics, shall we?

We know very little about the ‘right wing’ parties in Italy.”
++++

Canadian politics? In the grand scheme of things worldwide…..Yawn.
Italian loons possibly creating another “financial crisis” in the EU? Not so boring.

Big picture Stan. Its a big world outside Tim Hortons.

#127 crowdedelevatorfartz on 10.27.18 at 9:36 am

@#115 Stan the Man

Speaking of Italian politics…..
Todays news.

https://www.reuters.com/article/us-italy-rome-protests/romans-protest-at-eternal-decline-of-italian-capital-idUSKCN1N10GO

#128 jess on 10.27.18 at 9:52 am

us taxpayers

Five months before George Soros received a pipe bomb in the mail, a US government-funded broadcasting network produced a segment that attacked the liberal donor—a common target of conservative conspiracy theories—as a “multimillionaire Jew” and “the architect of the financial collapse of 2008.”

The video segment, which aired in May, was produced by Radio Televisión Martí, a Spanish-language network that broadcasts news and propaganda to Cuba to promote US foreign policy interests. The Miami-based network is overseen by the Office of Cuba Broadcasting, which is part of the United States Agency for Global Media, an independent US government agency whose stated mission is “to inform, engage, and connect people around the world in support of freedom and democracy.” …

The United States Agency for Global Media is fully funded by US taxpayers. The agency, until recently known as the Broadcasting Board of Governors, has an annual budget of around $700 million, of which $24 million went to the Office of Cuba Broadcasting last fiscal year.

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

“The network also released a shorter version of the video in two parts, which begins by describing Soros as “the multimillionaire Jew of Hungarian origin whose fortune is estimated at $8 billion.” Later, it calls him “a non-believing Jew of flexible morals.” The videos were first flagged by the Cuban Triangle blog.”

Judicial Watch, a right-wing group, is in the midst of a fundraising campaign called Expose Soros and has been looking for evidence that taxpayers are funding Soros’ advocacy work.

https://www.motherjones.com/politics/2018/10/us-government-funded-news-network-ran-a-hit-piece-on-soros-that-called-him-a-multimillionaire-jew/

https://cubantriangle.blogspot.com/2018/10/george-soros-multimillionaire-jew.html

#129 jess on 10.27.18 at 10:11 am

Trump said Wednesday that “we have to come together” and send the message that “threats of political violence of any kind have no place in the United States of America.”

========
but em………

Explosive device targets George Soros amid escalating political attacks against billionaire hedge fund founder

By Michael Kranish
October 24

President Trump alleged last week that George Soros is paying people to protest at his rallies. A top executive at Campbell Soup tweeted that Soros was helping thousands of Central American migrants head in a caravan to the United States. The county clerk in Texas’s Harris County has warned that Soros wants to control local elections.

#130 Stan Brooks is a Kook on 10.27.18 at 10:33 am

126 crowdedelevatorfartz on 10.27.18 at 9:25 am

“Big picture Stan. Its a big world outside Tim Hortons.”

Correction. You mean outside Stanley’s rubber room/mental ward….

#131 Spectacle ( watching Sorros manipulate ) on 10.27.18 at 10:37 am

#129 jess on 10.27.18 at 10:11 am
Trump said Wednesday that “we have to come together” and send the message that “threats of political violence of any kind have no place in the United States of America.”

========
but em………

Explosive device targets George Soros amid escalating political attacks against billionaire hedge fund founder

By Michael Kranish
October 24

President Trump alleged last week that George Soros is paying people to protest at his rallies. A top executive at Campbell Soup tweeted that Soros was helping thousands of Central American migrants head in a caravan to the United States. The county clerk in Texas’s Harris County has warned that Soros wants to control local elections.
—— ———- ———

Hollywood actor blasts billionaire George Soros as ‘satanic’ | News …
https://www.lifesitenews.com › news › ho…

Hi Blog dogs and Jess. I think I know where you wanted to go with your post. Actually appreciate your ongoing entries here. Relevant, connected to the politics and financial risk assessment in the investment world.

Soros is heavily involved in manipulating the U.S. , Canadian, and other Nations Worldwide. It is very disturbing that the local Canadian Leading Politicians are under his influence, and a majority of the population has no idea.

Soros pretty much funds politicians directly, Popular movements ( black lives….) but only Trump is voicing this.

Soros singlehandedly crippled the British financial market , made a billion or so in the process, and few care to investigate.

Appreciate your input Jess, and appreciate Dorothy for allowing Garth to continue blogging.

#132 Gravy Train on 10.27.18 at 10:45 am

#70 For those about to flop… on 10.26.18 at 8:56 pm
“You dingalings that come here to fight everyday are gonna be the death of this blog…”. Join in the fun, Floppy! I’m sure all this infighting will drive traffic to this blog! Don’t you get a giggle from comments by Stan’s psychiatrist? :)

#91 snug smelly lift on 10.26.18 at 10:33 pm
“Yep. Deserved repeating.” Oh, like you’ve never tried to start something! :)

#133 Another Deckchair on 10.27.18 at 10:50 am

Just read the comment:

“So we end up with climate Barbie professing her absolute lack of knowledge about all things”

I met Ms. McKenna at a neighbours’ party before she became an elected official.

I, if you believe the material, am well into MENSA range.

Ms. McKenna was the smartest, brightest person that I had met in a long time. I have had great respect for her since that time; she is serving the people of Canada to the best of her (great) ability.

I may not agree with the politics of her party, but to call her lacking in knowledge is blatantly untrue.

#134 baloney Sandwitch on 10.27.18 at 10:57 am

10 million (before the correction). No was not bragging, am sorry it came across as such. I meant it as a educational post for the blog dogs, who might be nervous. I am looking at it as an opportunity to load up on dividend paying blue chips. Its late cycle so I favour utilities, staples, discount retail etc.

#135 the Jaguar on 10.27.18 at 11:00 am

What a beauty. The striping on his coat, ears flexed, eyes fixed in steady concentration on the button to take the selfie while his three canine accomplices look on or stand guard. If only the world could work together like this so much could be accomplished.
The mid terms will be interesting. The Jag will make a guess that they will favour Trump. Despite all the blowhard tweets, scandals and whatnot he still presents to the americans as the real thing. You might not like that real thing, but who was it that once said “Are you better off today than four years ago?”. Well it was Reagan, of course. And Trump is no Reagan, but I can never forget the way Reagan fired 11,000 air traffic controllers who ignored his order to return to work. Life is partly about consequences of actions, and many prefer that to being fed a steady diet of deception for political gain which was the undoing of the democrats in part. That and the daily spectacle of the US media digging its own grave.

#136 AB Boxster on 10.27.18 at 11:07 am

#122 Gravy Train on 10.27.18 at 8:27 am


So, then, no more whining, moaning, bitching and complaining about your falling stock prices. ‘Ya’ can’t have it both ways, ‘ya idjit’! :)

—————–
Feel free to link to any of my posts that moan, or bitch or complain, doorknob.

What’s the matter?
No witty comback referencing your Finance 101 textbook?

Can your posts be any more useless?
Well, yes. I’m quite sure they can.

#137 KLNR on 10.27.18 at 11:09 am

@#128 jess on 10.27.18 at 9:52 am
us taxpayers

Five months before George Soros received a pipe bomb in the mail, a US government-funded broadcasting network produced a segment that attacked the liberal donor—a common target of conservative conspiracy theories—as a “multimillionaire Jew” and “the architect of the financial collapse of 2008.”

Trump said Wednesday that “we have to come together” and send the message that “threats of political violence of any kind have no place in the United States of America.”

========
but em………

Explosive device targets George Soros amid escalating political attacks against billionaire hedge fund founder

By Michael Kranish
October 24

President Trump alleged last week that George Soros is paying people to protest at his rallies. A top executive at Campbell Soup tweeted that Soros was helping thousands of Central American migrants head in a caravan to the United States. The county clerk in Texas’s Harris County has warned that Soros wants to control local elections.
_____________________________

Thinly masked anti-Semitism.
I wonder where these dopes get there info to come up with these conspiracy theories? such an illness.

#138 dakkie on 10.27.18 at 11:20 am

Is the Fed’s Medicine “Gradually” Pricking the Commercial Real Estate Bubble?

http://www.investmentwatchblog.com/is-the-feds-medicine-gradually-pricking-the-commercial-real-estate-bubble/

#139 Felix on 10.27.18 at 11:23 am

Glorious creature in today’s photo.

You are 5% of the way towards redeeming yourself, Turner.

Keep up the good work.

#140 For those about to flop... on 10.27.18 at 11:27 am

CONFIRMED PINK SNOW.

O.K so the databases have been updated and everything is official,let’s have a look at some results.

The details…

2765 w 8th ave, Vancouver.

Paid 2.58 June 2016

Sold 2.1 August 2016

19% difference between the numbers,24% after expenses and they join the infamous Club 25 if we ding them for opportunities lost.

Talk about trimming your toenails with an axe…

M44BC

Sold early August

2765 W 8th Avenue, Vancouver paid 2.58 June 2016 ass.2.26

Jan 24:$2,459,000
Aug 9: $2,195,000
Change: – 264000.00 -11%

https://www.zolo.ca/vancouver-real-estate/2765-west-8th-avenue

https://www.bcassessment.ca/Property/Info/QTAwMDAwMEJEOQ==

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#141 For those about to flop.. on 10.27.18 at 12:00 pm

CONFIRMED PINK SNOW.

This one is just a mosquito bite compared to the previous one but I follow them right through and so let’s do the final step.

The details…

4630 Northlawn Dr,Burnaby

Paid 1.94 February 2017

Sold 1.92 September 2018

6% loss after known expenses, some of these places had renovations done and so we never really know the full tally.

Maybe I should change my blog name to Rough Guide to Vancouver Real Estate…

M44BC

Sold late August.

4630 Northlawn Dr,Burnaby.paid 1.94 February 2017 ass. 1.86

Now asking 1.99

4630 Northlawn Drive, Burnaby, BC

Asking price history

2018-05-08 : $2,178,000
2018-06-05 : $2,098,000

https://www.zolo.ca/burnaby-real-estate/4630-northlawn-drive

https://www.bcassessment.ca/Property/Info/QTAwMDAzVlNUOQ==

#142 Frank The Tank on 10.27.18 at 12:01 pm

It’s not all about returns. Everyone is brave until there’s a correction, then many people fold and buy into losses. That’s why mitigating volatility can be more important than performance. – Garth

—————————————-

That makes sense. I will take that into consideration when deciding to either keep my 80/20 or go 60/40.

So far, the volatility has not phased me.

#143 jess on 10.27.18 at 12:22 pm

https://www.cnn.com/2018/10/27/us/pittsburgh-synagogue-active-shooter/index.html

#144 Trumpocalypse2018 on 10.27.18 at 12:22 pm

Hitlerian attempted massacre of Jewish people this morning in Pennsylvania.

https://www.haaretz.com/us-news/man-reportedly-opens-fire-near-a-pittsburgh-synagoue-1.6595493

The assassin shouted “All Jews Must Die”

The Trump base and Soros-haters are congratulating themselves.

America is heading into a brutal and ugly catastrophe.

It does not matter who wins in 11 days. Either way, total chaos will be unravelling everywhere in the USA.

You have a short time only to get ready.

PREPARE.

#145 Shawn Allen on 10.27.18 at 12:24 pm

Shocker? – We are all in it for ourselves!

#75 genbizx on 10.26.18 at 9:21 pm said

Bottom line – We wake up every day concerned with ourselves and our individual well being…

***********************************
Absolutely, we all individually are in it for ourselves.

We also love to “join” (usually mrtaphorically) or support various groups that we see ourselves as part of. But these are very fluid.

On one issue we are Edmontonians, On another we are “Albertans”. The next day with trade discussed we are Canadians. Often we are “the taxpayer”. The next day we might identify with our union.

As Trump has so ably demonstrated we are also prone to hostility to those that appear to be against us. People can be riled up to be racist and anti-immigration in a flash. Or even to be extremely hostile to government workers or the media.

In the end we are motivated mostly by self-interest. The various groups we form are fluid and individuals will drop one group for another quickly. Edmontonians may be “Canadians” when thinking about a trade deal, but they revert to being “Albertans” pretty quick when there is talk of taxing carbon emissions from the oil sands.

#146 WUL on 10.27.18 at 12:25 pm

Re: The Alleged Perp for the Pipe Bombs:

I would be honoured to be known someday as a “cash strapped ex-stripper”.

#147 Shawn Allen on 10.27.18 at 12:40 pm

Tax the Robots and the Machines?

Jane24 at 95 and CrowdedElevatorFartz at 125 discussed taxing the machines as they take away jobs.

**********************************
We can probably continue to do this the same way we taxed the tractors and all the advances that displaced the farm workers. We did not tax tractors directly.

We did it by taxing the profits of the tractor manufacturers, distributors and retailers and parts suppliers and the profits of the corporate farm and the fertilizer manufactures. And we taxed the dividends of the share owners of all those companies. And, eventually, we started taxing capital gains when land and shares were sold.

If in fact automation is going to lead to significant unemployment at the same time as GDP and production continues to rise (it will) then it becomes a matter of taxing profits and of fairly distributing what the economy producers.

Taxes on capital may need to rise. The lower tax rate on dividends and the lower tax rate on capital gains compared to income from earnings will need to be reviewed . It is simply not sacrosanct even though those who benefit most from it will fight tooth and nail against any change to their favorable tax position.

As for any individual and their families, if income from jobs is to go down and the share of income going to corporations (robot and machine owners) is going to rise; It is clear what you must do. You must own shares in corporations that will earn the higher profits. The easiest path for most of you to do that is through some form of diversified equity and balanced investing.

#148 Figus Makum on 10.27.18 at 12:49 pm

“Sudden drop in Chinese property prices leaves speculators reeling.” Prices cut up to 30% as demand dries up.
Not so different over there wrt real estate speculation.

Chinese economists will have even more to worry about when the increase in Trump’s tariffs take effect on January 1, 2019.

https://www.dw.com/en/sudden-drop-in-chinese-property-prices-leaves-speculators-reeling/a-46056805

#149 For those about to flop... on 10.27.18 at 12:50 pm

CONFIRMED PINK SNOW.

Got some bigger condo losses waiting to be officially cleared but this downtown one has received its papers and so we go with what we’ve got.

The details…

102 1168 Richards Street, Vancouver

Paid 1.38 November 2017

Sold 1.30 August 2018

So after expenses it was a double digit loss in a short period of time.

The changing market got them by the short and curlies…

M44BC

Sold mid August

Asking 1.35
102 1168 Richards Street, Vancouver paid 1.38 November 2017 ass 1.39

Mar 28:$1,538,000
Jun 28: $1,450,000
Change: – 88000.00 -6%

https://www.zolo.ca/vancouver-real-estate/1168-richards-street/102

https://www.bcassessment.ca/Property/Info/RDAwMDAyQlBDVA==

#150 AB Boxster on 10.27.18 at 12:54 pm


Markets are apolitical. They just wanna make money and party.

——————-
Problem is that they are also amoral.

Markets, corporations, the global elite, could care less about global issues, as long as money can be made.

And today the hypocrisy is monumental.

Mining rare earths in China or Africa to make smartphones or for electric cars?
No problem.

“We are the technology generation and we’re going to save the world. We are so progressive.
Time to get my new smartphone. I’m sure that the old one will be environmentally recycled according to the world’s high standards”

And the massive disruption and pollution due to this mining?
Well as long as Apple and Tesla meet its guidance measures, what can go wrong?

China building 100s of coal fired power plants?
While the enviro-Nazis in Canada do everything they can to stop the export of far cleaner burning natural gas which would vastly reduce c02 emissions.

No Problemo.
“We are the environmental generation. We love the environment so much that we will be sure that Canada keeps all its energy in the ground, all the while planning their next overseas vacation and looking for the cheapest flights to Europe”

What about China and India then building massive polluting power plants to bring their masses out of poverty?

Well, as long as China grows at its 6.5 annual GDP and is able to exploit trade agreements with the rest of the world, what could possibly go wrong?

So then it is up to governments to achieve any moral or (God Forbid) Nationalistic goals of their countries.

And how do they do this?
Through trade agreements, and laws and policies that support the goals of their individual countries and citizens.

But these laws often go contrary to what the global companies and markets want.

The globalists want the cheapest labor to be available to industry so the labor costs are low, and capitalism can make ‘mo money’ and party.

But the developed world, which for the past 200+ world has built a society and economic model that has generally worked, and created a highly successful middle class, pushes back.

The globalists say that moving all of the domestic production overseas will give everyone in the world cheap everything, which is true.

And now the developed world has access to cheap everything made overseas.
We now can have 3 televisions in the house, and 37 pairs of shoes and 42 shirts, cuz they are so darned cheap.
But , because we don’t produce anything of value anymore we longer have the wages to afford the basics that we could once buy. (like houses and cars) So we go into massive debt.

But the markets don’t care.
Global businesses don’t care.
As long as they are growing at 22.3% per year and the shareholder is being rewarded, ‘alls good baby’.

Companies love cheap labor. They love open borders. They love mass migration. They love cheap raw materials, regardless of how they are obtained.

And when individual nation states push back, to support their domestic or (God forbid) ‘national’ interests, such as the domestic economy, domestic social programs, and domestic social cohesion, they are labelled “Fascists’ because Mussolini was a Nationalist (so of course all nationalists must be Fascist), or Nazis because Hitler was a populist (so of course all populists must be Nazis) or xenophobes, because they don’t believe that open borders and uncontrolled immigration really benefit their nation state.

Making oodles of money on economic markets is all well and good.
It’s especially good when one has enough economic power and wealth to benefit from having more of it, and will not be impacted by the negative effects of globalism.
If you are not one of the deplorables being screwed over by globalism , then hey ‘not my problemo’

People in western countries are sick and tired of the xenophoic, racist, fascist labels.
They really don’t care anymore about what they are called. Wearing the ‘deplorable’ label is a badge of honor now days.
Cuz if you are a deplorable, you are therefore excluded from being a progressive, elitist asshole.

Nation states are stepping up to defend their societies and economies against a system and economic philosophy that has no other mantra than to ‘make mo money’ and which holds no social, community or national values moral or political or otherwise.

Frankly, its about time.

.

#151 Russ on 10.27.18 at 12:56 pm

Nonplused on 10.26.18 at 11:50 pm

#82 Ustabe

So because some bad people were “nationalists” all nationalist are bad people? You didn’t ever take a university logic course, did you?

Therefore Trump is innocent of being Hitler or anyone else on your list until proven otherwise and I suspect your chain has come off the sprocket.

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

Nice little piece expressed there Mr. Plused, very logical.

As such, it’s probably not necessary to point out to “Used to be” that one the important people he left off the list is:
Trudeau, P.E./ Canada

Anyone remember PetroCanada? Kinda like our recent pipeline purchase, n’est pa? It’s all about being Nationalist.

‘National’ and ‘nationalist’ are radically different concepts. Trudeau was not a nationalist. – Garth

#152 crowdedelevatorfartz on 10.27.18 at 1:07 pm

@#132 Gravy Boat
“Join in the fun….”
+++++

We’re way past the “fun” these days…..

I remember the “Pig Principle”
Dont fight with pigs because you end up rolling around in the mud with them and ….pigs love it.”

P.S. “Lift”?
What part of “soon to be Brexitted, soon to be broken up Blighty” do YOU hail from?

#153 AB Boxster on 10.27.18 at 2:18 pm

144 Trumpocalypse2018 on 10.27.18 at 12:22 pm


The assassin shouted “All Jews Must Die”

The Trump base and Soros-haters are congratulating themselves.

—————————
What a bizarre comment.

The Trump administration has been far more Israel and Jew friendly than the Obama admin.

Most of the left wing progressives are anti-Israel though their BDS support on campus.
There is a major problem of antisemitism from the progressive left on US campuses today.

Hardly think that they are Trump supporters.

As well the Democrats are great buddies with old Louis Farrakhan who just called Jews termites in a recent speech. Total Jew hater. Democrats love him.

The Trump admin has basically given up on the UN because all they do is pass motions against Israel while the rest of the middle east murders their own citizens in the name of Allah.

You need to listen to a little more than CNN.

If there was a shooting against the Jews I would look to the home party of the KKK, and the party that supported slavery in the US – namely the Democrats.

#154 S on 10.27.18 at 2:25 pm

Maybe they get away with rewriting history in Chile. Not here. – Garth

Oh brother. Bandit and I are going for a long walk. – Garth

Funny you mention history, a subject that is barely touched on in Canadian educational system. And for a good reason; with all different nationalities comprising this great nation one cannot teach history in depth and not offend one group or another. Why would you have trivialized #56 Craig Crispolos on 10.26.18 at 8:01 pm or #45 Mai on 10.26.18 at 7:31 pm opinions? One of the advantages of being a country of immigrants is that Canada can draw on experiences of many nationalities without having to go through the pain and destruction they had to suffer.

#155 Gravy Train on 10.27.18 at 2:27 pm

#136 AB Boxster on 10.27.18 at 11:07 am
“Feel free to link to any of my posts that moan, or bitch or complain[…]” You wrote, “My theoretical basket of Canadian dividend payers is now down 14% YTD. A haircut of 70k on a 500k portfolio. These stocks will need to rise 16% to return to 500k. Think the TSX will rise 16% over the remainder of the year? […] Is it time to buy or is it time to wait for further pain.

“[…] over 1/2 of s&p 500 stocks are already 20% off of their highs. And over 3/4 of them have fallen 10%.[…]

“[…] without the hassle of trying to predict how asset classes in a portfolio are going to react to higher rates, slower growth, trade wars, China’s economy, Russia’s policies, etc.”

Was all that not from you, genius? :)

“What’s the matter? No witty com[e]back referencing your Finance 101 textbook?” I gave away all my textbooks. Everything I’ve written here—without quotes—is mine. The expression Finance 101 (or Econ. 101) is simply shorthand for ‘this is basic stuff, dummy’; I shouldn’t have to spell that out for you. :)

“Can your posts be any more useless? Well, yes. I’m quite sure they can.” Yes, to an unteachable student, all lessons are useless. BTW, since you disagree with Garth’s political views, why do you read his blog? Did you even read today’s blog? What (if anything) did you learn? Is there anything you agreed with? :)

#156 yvrmc on 10.27.18 at 2:28 pm

Deckchair # 133…. Is it ok with you to call out Trudeau as the least intelligent PM this country has ever seen, because HE IS ! A man incapable of talking off script intelligently , with anyone.

#157 Lost...but not leased on 10.27.18 at 3:19 pm

Globalism ?

People who are true students of history cannot ignore the overwhelming evidence we are headed to a New World Order/One World Gov’t.

The ” New Hague” court has been built, Trump set in motion the next key move ( AKA same country)

Whats a One World Gov’t gonna look like?
“Democracy”?= one of the biggest cons by both design and evolution.
PS: Review Bolshevik Revolution.

#158 Blog Dogs on Patrol on 10.27.18 at 3:21 pm

#130 Stan Brooks is a Kook on 10.27.18 at 10:33 am

Correction. You mean outside Stanley’s rubber room/mental ward….
*********
Ok that’s quite enough with the mental ward banter. Go piss on someone else’s fire hydrant.

#159 Ustabe on 10.27.18 at 4:02 pm

The Ten Stages of Genocide/Dr. Gregory H. Stanton
google it up, if you wish.
~~
‘National’ and ‘nationalist’ are radically different concepts. Trudeau was not a nationalist. – Garth

The mushroom omelette gobblers don’t seem to even know what Neo-liberalism is despite having it banged down their throats by Stephan Harper for years.
~~
Those that will not learn from the historical past are condemned to repeat it, eh?

https://www.google.com/search?q=Trump+calls+to+violence&ie=utf-8&oe=utf-8&client=firefox-b-ab

Three hundred and twenty two million results on that simple search string. Man has been busy.
~~
Nonpulsed, while I read your reply to my post, it only leaves me with a question. While my post was a simple list, your post was an attack on me, an inference that I am mentally unstable. When you Google up Dr. Stanton and you understand his proposition that one of the stages is to de-humanize groups of people, like the Hondurans making their way through Mexico or as you just did to me, the mentally ill, you will see that even you surrounded as you are by bright, intelligent folks are inadvertently or willingly propagating the corrosive movement led by the current President of the USA.

Plus, in my 7th decade I’m far more likely to be suffering from dementia. Mental illness would have manifested years ago and been dealt with.

If that was too long for you, try this: “I didn’t like your list therefore you are mentally ill” is the response of an intellectually bereft bully. A consumer of mushrooms.

#160 AB Boxster on 10.27.18 at 5:31 pm

#155 Gravy Train on 10.27.18 at 2:27 pm

Was all that not from you, genius? :)
—————————————-
Absolutely.

But why would you think this would be moaning when commenting about a ‘theoretical’ portfolio.
I do not own these stocks, genius.

The rest is just commentary on the state of the markets.

I could really care less about the state of the markets.

All I am doing is presenting a different perspective on investing. Choose to agree with it or not.
If I was looking to bitch and complain I would certainly not do it on this blog.

The expression Finance 101 (or Econ. 101) is simply shorthand for ‘this is basic stuff, dummy’; I shouldn’t have to spell that out for you. :)

Duh, really Einstein?
But how can you then claim to understand Finance 101 if you gave your textbooks away. Aren’t you lost without them?


BTW, since you disagree with Garth’s political views, why do you read his blog? Did you even read today’s blog? What (if anything) did you learn? Is there anything you agreed with? :)

You agree with everything Garth writes?
Do you think that sucking up to Garth gets you a big wet kiss or something. Maybe a ribbon like your generation always got for showing up?

Are you the kind of person that only reads news or websites that agree with your opinion. Classic groupthink. (Google it)

I agree with much of what Garth writes regarding finance and investing. I think his perspective is sorely missed by the majority of people who misunderstand investing and the state of the economy.

I also tend to disagree with some of his political commentary.
I have no way of knowing if what Garth writes in this respect is what he actually believes, or whether perhaps he is being provocative to elicit some discussion.
Finance can be very dry you know ,but politics ….

The way to disagree with someone, grasshopper, is to present some well thought out commentary and to respectfully disagree.

You seem unable to do this, choosing instead to cherry pick comments you disagree with, and respond with idiotic commentary.

Rather than presenting a cogent, intelligent argument to support your position, you would rather try to show your self described superior intellect, to try to denigrate comments of others.

Fair enough.
Watch CNN and believe what they say.
Read blogs only if you fully agree with the author.

And, whenever you read something that you disagree with, or hear something you don’t like, continue with your arrogant and poorly thought out responses.
Or better yet, just try to shut down civil discussion altogether.

Your generation seems especially good at doing that.

#161 Steve French on 10.28.18 at 1:56 am

Attention Smoking Man:

Steve

———-

“Understand me. I’m not like an ordinary world. I have my madness, I live in another dimension and I do not have time for things that have no soul.” ― Charles Bukowski

#162 Evangeline on 10.28.18 at 11:48 am

#153 AB Boxster on 10.27.18 at 2:18 pm “What a bizarre comment… ” in reply to 144 Trumpocalypse2018 on 10.27.18 at 12:22 pm.

AB Boxster, thank you for that post. Another pertinent fact on a more personal level, is that Ivanka Trump converted to Orthodox Judaism in order to marry Jared Kushner, (who has turned out to be the president’s most trusted advisor). They have three beautiful children whom Trump dotes on.