Janus

Big sighs in Ottawa this weekend as the US ended tariffs on steel and aluminum. Just that that. Tweet. Done. The next stop is ratifying NAFTA 2. Then Trump ordered his guys to launch auto talks with the EU and Japan, just one day before tariffs could be imposed. Now there’s a six-month reprieve. New duties are unlikely. After all, there’ll be election primaries happening in the US by then.

So it looks like Trump the global bully is trying to reduce trade war risks so (a) he can focus on trashing China, (b) now that Joe Biden is nipping at his heels and (c) so the stock market doesn’t get spooked and sell off.

He may not have started off as a politician, but he’s one now. And Trump wants to win in 2020. Bad. There’ll be but one issue. The key measure of government to most Americans is the economy, providing the environment in which people can do better. So far, despite the trade wars, the unpredictability, lack of couth, borderline illegality and diplomatic skills that have pissed off most of the world, Trump has delivered. Unemployment’s at a 50-year low. Corporate profits have been robust since the big tax cut happened. The stock market is close to an all-time high.

So far this year the S&P 500 is ahead more than 13%. Even factoring in the Christmas Massacre (a 20% decline), the market is sitting 7% above this day a year ago. The high-water index mark was 2,954 and now we’re at 2,840. The Dow and the Canadian market have similar stories to tell. Investors who snoozed through the 2018 selloff are sitting pretty right now. Those who seized that moment to buy assets on sale have made out like bandits.

Trump obsesses over markets. In countless Tweets he’s equated equity advances with his own magnificence and omniscient omnipotence. He wants growth, expansion and advance, even if it brings inflation and rate pressures. The Dow is his proxy. And Trump well knows that tariffs, trade wars and the increased costs they bring worry investors, tank stocks and make average families wonder if things are getting worse, especially when their 401k retirement plans are shrinking.

Besides, there’s an election coming. Two dozen Dems are squabbling for the right to take him on. And now Biden has arisen through the gaggle of lefties, dreamers, econuts, feminist crusaders and socialists to present a credible, centrist, experienced alternative to the weirdest president ever. Trump needs the Dow to go to the moon. China’s still the ticket to that ride.

The strategy, therefore, looks good for us. Drop the spitting match with Canada. Get the new NAFTA signed. No more countermeasures on American ag producers. No car duties. Make nice with Europe and Japan. But at the same time isolate China with big tariffs, strong rhetoric and kneecapping their showcase tech outfit (Huawei). Then follow that with a blockbuster US-Sino trade deal just as Biden is schlepping his way across America.

Some institutional research floating around Bay Street supports this theory. “Tariff Man vs. Dow Man” (Pennock Idea Hub) spells out the inherent contradiction in Trump’s approach, suggesting the rest of 2019 may come down to one word. Volatility.

Trump’s two personas are on a collision course with each other. On one hand, he likes to style himself as Tariff Man, because he believes the U.S. has had a raw deal from its trading partners. The list of offenders starts with China, but it is numerous. Tariffs are the best tool to address that imbalance. On the other hand, Trump the Dow Man loves a booming stock market, which he tracks obsessively, and views it as a form of validation of the success of his administration.

As trade jitters rose, the stock market has become nervous and sold off. Markets hate trade wars, and they hate uncertainty. While Tariff Man and Dow Man can co-exist when trade tensions are low, we will reach some tipping point where Trump has to choose.

Will Trump the Tariff Man or Trump the Dow Man gain the upper hand in the crunch? What are the bull and bear cases?

In the absence of tail-risk, expect Trump to adopt the Tariff Man persona and act tough on China, as well as other trading partners. Should tail-risk appear, either in the form of deteriorating economic conditions or a market slide, Dow Man will become the dominant personality.

This analysis argues for a choppy range-bound market for the next few months, with limited downside risk and restricted upside potential. Under these conditions, investors should re-orient their portfolios to a neutral risk position, and adjust their asset allocation back to investment policy targets. The heightened level of uncertainty is likely to boost volatility, and investors may want to take advantage of this environment by selling covered calls to boost expected returns. It would be a way of getting paid via option premiums while you wait for a resolution of the trade conflict.

Decent enough advice. But for the average investor who wouldn’t know a covered call if she stepped in one, the even-better advice is to set up a nicely balanced, diversified portfolio and forget it for a year or so. Trump may be deeply flawed, but he’s driven and strategic. It’s truly hard to imagine a scenario in which he goes into 2020 with a rerun of late 2018. Thus the riskiest of American presidents is limiting investor risk. At least for a year. Then we need to talk.

95 comments ↓

#1 Flop... on 05.20.19 at 3:34 pm

When forced into a corner I often whip out my personal measuring stick…

M44BC

Australia $52,373

Canada $49,651

“Does Your Country’s Production Still Stack Up When You Consider Purchasing Power?

Beyond a country’s gross domestic product, economists also like to look at a metric known as purchasing power parity. Where per capita GDP shows roughly how much money individual people have, PPP demonstrates how much people can afford. PPP tries to give as much of an apples-to-apples comparison of what things cost in one country compared to another, controlling for factors like differences in currency valuations and inflation.

To paint a picture of how people are able to live, you need to understand not just how much money they have, but how much they can buy with that money.

While the United States is the only North American country to earn between $50K-$99.9K in terms of GDP(PPP), it is not the only country in the region to claim one of the higher tiers. In addition to Canada, numerous Caribbean countries also have a GDP(PPP) higher than $20K. While there are still a number of countries that rank low, particularly Haiti, there’s more parity here than you might have expected.

If you looked at the per capita GDP map, fewer countries in North America rank in the higher tiers than in the GDP(PPP) map. For instance, Panama’s per capita GDP is $15,877, where its GDP(PPP) is $25,675.

So what does that mean? It means that while some countries in the region might have lower GDP and less overall money, goods and services are still relatively affordable for people who live there. This is a positive sign for the standard of living in those countries”

Bit of a long one, here is the full article and other geographic areas…

https://howmuch.net/articles/gdp-per-capita-around-the-world-2018

#2 Flop... on 05.20.19 at 3:49 pm

Up until recently Australia was one of only seven countries in the world that could build a car from go to whoa.

Ford Australia just found someone to buy 2 former manufacturing plants.

“Pelligra, the company that bought the former Holden Elizabeth manufacturing plant in 2017, plans to invest $500m in the renewal project with the aim of attracting manufacturing and tech innovation companies.”

Doug Ford, are you watching?

Are you watching…

M44BC

https://www.heraldsun.com.au/motoring/motoring-news/ford-australia-finds-buyer-for-its-local-manufacturing-plants/news-story/030ef9409839113ae1825183b4a92107

#3 FLHTK on 05.20.19 at 4:27 pm

Doug Ford’s Ontario is open for business, start yours today!

#4 Alberta Ed on 05.20.19 at 4:32 pm

It may seem like a paradox, but The Donald, with his bullying, unpredictability and blunt diplomacy (to be polite) is probably more of a stereotypical American than his “couth” but inept predecessor. Lyndon Johnson was a deeply flawed president notorious for his lack of couth, yet his Great Society achievements were notable. History will judge.

#5 Franklin's ghost on 05.20.19 at 4:35 pm

He’s claiming the north west passage…. tis war…

Ah, for just one time I would take the Northwest Passage
To find the hand of Franklin reaching for the Beaufort Sea;
Tracing one warm line through a land so wild and savage
And make a Northwest Passage to the sea.

#6 Debtslavecreator on 05.20.19 at 4:41 pm

Great post
Trump and China are in a political version of a Mexican standoff but both will eventually make a trade deal. It won’t solve the core issues permanently but will look like it on the surface. It’s all optics now.
Short term the standoff continues as both countries dig in and push each other to the limit so it’s more than likely we see a sharp correction soon that could re-test the Dec 2018 lows as worst case before Dow man and the Fed go crazy
Then you can expect a “deal”, signing ceremony and all and Fed rate drops and possibly printing to buy Equity and Corp bond ETFs
2020-2021 we’ll see DOW 32 K with a chance of 38-40 K in 2021
Any sharp corrections are buying opportunities after July
Don’t ask what comes after 2021

#7 not 1st on 05.20.19 at 4:46 pm

US has to protect the NW passage because China and Russia are messing in there while skippy mcsocks runs around like a fool gutting our sovereignty. The new world will need strong leadership and that wont becoming from the likes of Trudeau and Macron or Biden. Only Trump.

The US just gave Canada a massive gift in return to help oppose china. I hope the children in the Liberal leadership know what to do.

#8 Dave on 05.20.19 at 4:53 pm

Trump needs to bring the country together…just needs an evil villain. An event will happen, American lives will be lost and Trump to the rescue.
Iran or Venezuela can be a perfect enemy, event occurs and sadly another major war.
War time president will get reelected…just ask Bush jr

#9 marcus on 05.20.19 at 4:54 pm

Garth, you accuse Trump of trashing China. do you support China? Do you support 2 Million Chinese Muslims in Concentration camps? Do you support the Communist regime of Red China? You should be very thankful that Trump has taken the mantle of “Trasher of all things China.” The middle kingdom’s days are numbered in her current form. Canada’s dalliance with Marxism and all things China will come to an end …… just like the money laundering. Oh perish the thought. Where will Canada’s elite make their fortune now?

#10 Lost...but not leased on 05.20.19 at 4:56 pm

Biden…are you kidding ?

The guy is perv…all the Dems seem to offer is an a -la- carte list of sociopath freaks.

#11 the ryguy - In cabo on 05.20.19 at 5:03 pm

DELETED

#12 Irwin on 05.20.19 at 5:09 pm

Trump is a genius!
Just like the guy who whacks his hand with a ball peen hammer every hour, on the hour. It makes the tooth ache less noticeable.
You and I won’t know what Trump is up to until it’s all over but the whining. And he’s no whiner.

#13 Dolce Vita on 05.20.19 at 5:44 pm

I just read @JustinTrudeau’s Tweet about how he had our backs during US Steel & Aluminum tariffs.

SERIOUSLY Garth, Trump had NOTHING to do with it. Justin SCARED him off. It was these Canadian tariffs on US goods that finally did it:

9504.40.00 Playing cards
9608.10.00 Ball point pens*
7616.99.10 Pigeon countermark leg bands
3305.30.00 Hair lacquers (more important to look good than feel good)
2001.10.00 Cucumbers and gherkins
4818.10.00 Toilet paper
1905.90.51 Pizza and quiche

And just in time for Summer:

9404.30.00 Sleeping bags
7321.90.10 Cast iron grilles
3808.91.10 Insecticides: In packages of a gross weight not exceeding 1.36 kg each
8433.11.00 Mowers for lawns
8903.10.00 Inflatable boats
8903.91.00 Other: Sailboats, with or without auxiliary motor
8903.92.00 Other: Motorboats, other than outboard motorboats
8903.99.90 Other: Other vessels for pleasure, outboard motorboats
103.20.10 Tomato ketchup and other tomato sauces: Tomato ketchup
2208.30.00 Whiskies
2202.10.00 Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured**
3406.00.90 Candles, tapers and the like: Other***
4818.10.00 Toilet paper****

*Millennials, those are ancient hand held devices used to leave an impression on processed wood products such as paper using particles of carbon black, polymer and solvent (see Wikipedia for further explanation).

**Millennials rejoice.

***Granola’s & New Agers rejoice.

****Everyone rejoice.

——————————————-

Yup, we sure showed Orange Man.

#14 Dolce Vita on 05.20.19 at 5:49 pm

Oops…

4818.10.00 Toilet paper****

****Everyone rejoice (except for New Westminster, BC).

#15 El presidente of all gods on 05.20.19 at 5:53 pm

https://pbs.twimg.com/media/DTpFoX-VoAAiQ0N.jpg?format=jpg&name=small

#16 Lyndsey on 05.20.19 at 5:58 pm

Biden has been in politics for 50 years, and he’s done nothing and all of sudden he’s going to do something for the USA. He hasn’t got a chance.

#17 TurnerNation on 05.20.19 at 6:07 pm

Budding SJW here. Flop is 1st but I – due to my new Adversity Score – am now Furrst.

#18 Nonplused on 05.20.19 at 6:14 pm

I wonder if the Tweeter in Chief just fires these things off the top of his head or if he has a staff of psychologists that sit around a table crafting these Tweets for maximum psychological affect. He seems almost too good at it to be just one man. He’s also pretty good at his role as the Nick-Namer in Chief. “Sleepy Joe” for example. That had to have been put to committee because most of us would have gone for “Creepy Joe” but that would have been a misstep for Trump to go that personal especially since his hands have been known to wander themselves at times. Lots of times.

All trump has to do at this point is reign in Bolton and Pompeo (no new wars), distance himself from Venezuela (not his problem other than how perception changes his odds in Florida), and bail out all the farmers whose farms are underwater and he will win in another landslide in 2020. It’s probably for the best if he doesn’t get the wall built by then because he will be able to blame that failure on the Democrats and bury most of them too. With Republican control of the congress in 2020 he’ll be able to put as much money towards boarder security as he wants in 2021 since most of the newly elected Republicans will be beholden to him for their wins. After that, he’ll have time to get back to golfing and cruise his way to the title of “Best President and Tweeter in Chief of all time.”

And of course Trump has a “Trump card” up his sleeve in the form of the first lady. She’s kept a low profile as of late but she’s the most charming first lady since Jackie Kennedy. All she will have to do is appear behind Trump at rallies and the die is cast. Of course that is assuming they are still together, Trump does seem to go through wives the same way the rest of us go through tissue paper.

Of course much of this is uncertain. Something could go wrong in the middle east and result in a war before Trump could do anything about it. Forces are at play trying to create a “false flag” attack. I know with confidence it is not the Iranians, because they know exactly what war with the US would look like (Gulf War 1, sustained aerial bombardment until there were no targets worth a bomb left and complete humiliation).

But regardless even if Trump can stay out of a new shooting war, if you thought 2016 was as entertaining as I did, grab the popcorn because one forecast I feel absolutely comfortable making is that the sequel will be even better than the original. The meltdown from the left that we will see will be even worse than last time as the lefties realize that the first time was no mistake, this is what America wants: A president that puts America first, even if he is personally flawed to the bone.

#19 Willy H on 05.20.19 at 6:14 pm

Trump’s make-it-up-as-you-go-along economic and foreign policy is bound to end up like the rest of Trump’s ventures!

Attempting to rationalize Trump’s efforts between “Tariff Man” and “Dow Man” gives him and his administration far too much credit.

Recent “institutional research” asserts that volatility is the new norm under this Orange abomination!

Quelle surprise!

Nothing we haven’t known since he tweeted his way into the Oval Office.

#20 acdel on 05.20.19 at 6:21 pm

Interesting blog today!

This coming election in the U.S. will clearly define the ideologies of the two parties and the people. Will it it be time to move on to a new U.S. or step back to the old one?

Canada is a hopeless cause unless we start working as a country.

Kind of reminds me of Felix where the coyotes in my city quickly eradicate the irresponsible feline owners that let there cats wander or abandon them; quick easy meals for their pups. Imagine the stupidity of a canine having easy access to a meal for there young one’s.

Keep posting those “lost cats” pics on lamp posts! Oh, the irony!

#21 Figmund Sreud on 05.20.19 at 6:22 pm

Janus
___________________________

That’s some Janus you see there! … All I see is a yellow-tinged tufted cockatoo, far too weak to control those surrounding him on a daily bases (think of an uncontrollable – “we lie, we cheat, we steal” – manatee looking to start wars everywhere, … and a soulless SOB who should have been strait-jacketed back in, say, 2003, … plus a pious and dangerous veep!), … perpetually preoccupied with preening and tweeting!

Oh, gawd! Be merciful on us, …

F.S. – Calgary, Alberta.

Janus: the god of beginnings, gates, transitions, time, duality, doorways, passages, and endings. – Wikipedia

#22 The Ryguy - In Cabo on 05.20.19 at 6:26 pm

Deleted for that..Really?

The countless videos speak for themselves, would you let Joe anywhere near a woman you cared about? I think not.

#23 Tim on 05.20.19 at 6:29 pm

Ontario’s real estate association was so alarmed by Maloney’s report that it contacted its provincial government to call for a beneficial ownership registry.
B.C. has already announced plans for such a registry, which collects the names of people buying property using corporations, trusts and numbered companies.

#24 Linda on 05.20.19 at 6:32 pm

Tariff Man vs. Dow Man. Sounds like Trump is bipolar, with a less than stellar track record of taking his meds. Ai-yi-yi.

#25 Panic Selling in Melbourne on 05.20.19 at 6:34 pm

Coming to a Vancouver neighborhood near you.

Hundreds of Melbourne families are panic selling housing blocks as they face financial ruin.

27% default rate at the moment in Melbourne.

#26 Nonplused on 05.20.19 at 6:37 pm

PS Michelle Obama was very graceful too, and look what happened; two terms. It doesn’t seem like the first lady could have much impact on perceptions, logic would dictate no, but if you believe that then you don’t know much about psychology. The only thing I perceive that could well and truly sink Trump in 2020 is if Melania dumps him. Another wild card given Trump’s history. But given that the Democrats already tried to torpedo Trump with the Stormy Daniels thing I doubt it will happen. That was probably the biggest torpedo they could come up with. Did Trump actually sleep with Stormy? Who knows there were no witnesses. They certainly did meet at a golf tournament, there were photos. But the whole thing seemed to me like an attempt to torpedo Melania and thus Trump. The first rule of having an affair is that you never talk about the affair. It is a sacred trust, and even if it did actually happen Stormy should be condemned for using it for personal gain years later. Blackmail may have been her goal from day one, as Trump was already rich. When the band comes to town, all the groupies show up back stage. You don’t have to read too many books to figure that out.

#27 bdwy sktrn on 05.20.19 at 6:45 pm

DELETED

#28 Basil Fawlty on 05.20.19 at 6:45 pm

Biden will look good until his international money grubbing catches up with him. His shenanigans in Ukraine and China are already public knowledge, even though the the mainstream press is avoiding the issue.

#29 Howard on 05.20.19 at 6:50 pm

your house to run a business. eg using a room solely as an office.

#96 Ustabe on 05.20.19 at 12:01 pm
87 Howard on 05.20.19 at 9:52 am

#77 Ustabe on 05.20.19 at 4:33 am

A Red Tory is simply a leftist. I don’t know why you’re so annoyed that the only remotely centre-right party in Canada doesn’t bow to your definitively non-conservative values. You already have 3 leftist parties with seats in the House of Commons to choose from.

You illustrate my point beautifully. From what little you have gleaned about me you are certain I don’t pass some sort of purity test. The problem illuminated in a succinct few words. Leftist instead of left of center. Slip in the conservative values dog whistle. Then there is your other post where you talk about other cultures consuming cat flesh.

Time to look in the mirror. See if you can figure out the problem.

———————————————-

Purity test…you seem to have it backwards. It is yourself who desires a Conservative Party to be pure in respect to the latest leftist/progressive/cultural marxist fads and, if it dares provide some sort of philosophical challenge to the leftist groupthink consensus, you walk off in a huff.

It’s almost as if you believe right-of-centre Canadians – who by most surveys comprise 35-40% of the population, I’m speaking here of general worldview and not partisan political support – don’t have a right to representation in our political process.

Can you explain to me a single philosophical or ideological difference between so-called Red Tories and Liberals? Anything?

#30 AK on 05.20.19 at 6:51 pm

“Besides, there’s an election coming. Two dozen Dems are squabbling for the right to take him on. And now Biden has arisen through the gaggle of lefties, dreamers, econuts, feminist crusaders and socialists to present a credible, centrist, experienced alternative to the weirdest president ever.”
====================================

Indeed. Get the popcorn ready. It’s going to be a very entertaining campaign, leading to the election where President Trump will be re-elected in a landslide.

#31 Howard on 05.20.19 at 6:54 pm

Democrats are toast unless they drop the support for open borders. But they won’t, so toast will they be!

The party does not have an open border policy. – Garth

#32 Tony on 05.20.19 at 6:54 pm

The democrats will implode the U.S. stock market on Trump starting around September 2020. So the higher the indexes go before that the greater likelihood Trump will be soundly defeated in the election if he isn’t impeached or indicted first. Amazing how the U.S. stock market made new highs with the entire world selling U.S. stocks since the start of the New Year.

#33 Tony on 05.20.19 at 6:58 pm

Re: #25 Panic Selling in Melbourne on 05.20.19 at 6:34 pm

They didn’t follow the Chinese money and now they’re getting exactly what should be coming to them for their own stupidity. It also puts to rest the fallacy of low or falling interest rates saves or props up a real estate market.

#34 AK on 05.20.19 at 6:59 pm

“And now Biden has arisen through the gaggle of lefties, dreamers, econuts, feminist crusaders and socialists to present a credible, centrist, experienced alternative”
====================================

Well, when you have a basket of bad apples, there is always a chance that one of them will not be as rotten to the core.

#35 AK on 05.20.19 at 7:04 pm

Based on some of the comments thus far, you can tell who watches CNN and MSNBC.

#36 JacqueShellacque on 05.20.19 at 7:09 pm

Those who run Biden’s party may not want him, but the voting starts in Iowa and NH, whose Dem voters may not want a left-wing wackadoodle nominee and a slow-motion McGoverning. If Biden blows everyone away in both of those primaries, it could be enough for him to survive California, whose primary was moved up 3 months, probably to preclude someone like him winning.

Scary for Trump: only Biden. Keep in mind Trump got his electoral college votes by unexpectedly winning Wisconsin, Pennsylvania, and Michigan – by a grand total of 70,000 votes. If Biden is the nominee, it will be expressly to appeal to those voters.

Even if Trump loses in 2020, for all the uncouthness he needs to be given credit for blowing open 2 cartels in American politics: free trade and immigration. Before Trump, politicians never spoke of trying to correct serious issues with either of these. Trade policy was entirely controlled by the ideologues of the Treasury Dept, who care nothing for those impacted. And immigration was at the mercy of a dirty little compact between Dems (who wanted the votes) and Repubs (who wanted the cheap labor). An open border serves no one else.

#37 AK on 05.20.19 at 7:11 pm

“But for the average investor who wouldn’t know a covered call if she stepped in one”
=====================================

To those who are interested in Covered Call ETF’s, check out the following.

HSPX – S&P 500 Index

QYLD – Nasdaq 100 Index

#38 not 1st on 05.20.19 at 7:11 pm

No, no, no, Mrs. May, you better not even think about creating an unholy union with Trudeau. Better go on a walking tour up on Haida Gwaii and give your head a shake.

https://www.thepostmillennial.com/elizabeth-may-wants-to-team-up-with-trudeau-to-keep-the-conservatives-out-of-government/

#39 Trumpada on 05.20.19 at 8:08 pm

Joe Biden will not be president & most likely won’t be the Dem nominee. Pay for Play schemes with Ukraine & China will sink him. If you rely on the main stream news media for news you’ll be in the dark on these issues. In fact if a main stream news media member has his mouth open & sound is coming out, you can safely assume you’re being lied to until they prove otherwise. Fox, Rush Limbaugh, Rebel Media, Sean Hannity, John Solomon are today’s informed choices.

#40 Trumpocalypse2019 on 05.20.19 at 8:24 pm

Doug was close to the truth with his nuclear bomb column here on Saturday.

Check the news just in the last 60 minutes. This is about to blow up for Trump very quickly now.

https://www.washingtonpost.com/local/legal-issues/us-judge-denies-trump-bid-to-quash-house-subpoena-for-years-of-financial-records/2019/05/20/74e45880-7b21-11e9-8bb7-0fc796cf2ec0_story.html?utm_term=.170fb8512fac

His finances are about to be exposed and he will have no choice but war with Iran, and others soon too. Desperate for distraction. There will be no year of calm.

PREPARE

#41 Ummmmm on 05.20.19 at 8:25 pm

TRUMP supports Israel. Israel supports Trump. 2020 will be a Trump victory.

#42 AK on 05.20.19 at 8:25 pm

#38 not 1st on 05.20.19 at 7:11 pm
“No, no, no, Mrs. May, you better not even think about creating an unholy union with Trudeau. Better go on a walking tour up on Haida Gwaii and give your head a shake. ”
https://www.thepostmillennial.com/elizabeth-may-wants-to-team-up-with-trudeau-to-keep-the-conservatives-out-of-government/
===================================

LOL. Like their single seat is going to make a difference.

#43 crowdedelevatorfartz on 05.20.19 at 8:44 pm

DELETED

#44 McSocks in Friendly on 05.20.19 at 8:53 pm

And I thought Trump caved on the Canadian Tariffs because of the strong leadership and diplomacy of Chrystia Freeland!

#45 Sydneysider on 05.20.19 at 8:56 pm

#9 marcus on 05.20.19 at 4:54 pm

Do you support 2 Million Chinese Muslims in Concentration camps?

Canadians should not focus on what is going on in other countries, but on what is happening here, which we have the power to fix (I think). Otherwise our own problems will never go away. Or do we want Chinese activists to help us solve them?

For example, if you are concerned about the situation of Muslims, why not pay attention to what is happening in Quebec right now?

#46 not 1st on 05.20.19 at 9:06 pm

Time for Trudeau to whip up some more of those fake jobs cause the real ones are going.
—–

In the U.S., about 2,300 jobs will be cut through buyouts and layoffs. About 1,500 already have happened, and some 500 workers will be let go in the U.S. and Canada this week. A final 300 will be cut in the U.S. and Canada by August, a spokesperson for Ford Canada told the CBC in an email Monday.

https://www.cbc.ca/news/business/ford-cutting-7000-white-collar-jobs-1.5142502

#47 Russ on 05.20.19 at 9:07 pm

AK on 05.20.19 at 8:25 pm

#38 not 1st on 05.20.19 at 7:11 pm
“No, no, no, Mrs. May, you better not even think about creating an unholy union with Trudeau. Better go on a walking tour up on Haida Gwaii and give your head a shake. ”
https://www.thepostmillennial.com/elizabeth-may-wants-to-team-up-with-trudeau-to-keep-the-conservatives-out-of-government/
===================================

LOL. Like their single seat is going to make a difference.

—————————————————-
<>

Wake up.

The Green Party has two seats!

#48 Ace Goodheart on 05.20.19 at 9:09 pm

If anyone’s ever wondered why it might not be the best idea to purchase the NASDAQ index, here is a web site that is worth reading:

https://www.crunchbase.com/home

Money losing tech companies.

Lots and lots and lots of them.

Uber: 25 Billion US dollars of investor money gone. And still no profits.

Lyft: 1.1 billion US dollars gone in the first quarter of this year.

Tesla: over 17 billion in investor money up in smoke, with not a single dime in profits to show for it.

To date I have never even considered purchasing the NASDAQ. This is why….

#49 Evangeline on 05.20.19 at 9:14 pm

I think President Trump’s actions are related to Iran. He has never hidden his disgust for the Iran deal. The sanctions he’s now imposing on Iran are extremely harsh, and also will sanction anyone who buys oil from Iran. His overtures toward Canada may have something to do with his having promised to find alternative suppliers.

I hope that this beautiful song that I heard today on a dog rescue video will encourage the people who believe Trump is a dangerous moron (an opinion that I don’t share.)

https://www.youtube.com/watch?v=LjF9IqvXDjY&list=RDFDXEvkS0iPA&index=1

#50 AK on 05.20.19 at 9:23 pm

#47 Russ on 05.20.19 at 9:07 pm

—————————————————-

“Wake up.
The Green Party has two seats!”
====================================

My bad. I stand corrected. LOL…

#51 AGuyInVancouver on 05.20.19 at 9:26 pm

If Trump is Janus, I can only assume the “J” is silent.

#52 Flop... on 05.20.19 at 9:45 pm

Janus?

I see a few people have taken a stab.

Let’s pretend Google is broken.

I’ll guess it’s what happens when Jupiter bashes into Uranus…

M44BC

#53 CEW9 on 05.20.19 at 9:57 pm

Can anyone tell me why Pref ETF’s are still in the gutter? I know they are more volatile than bonds, and follow the market to a degree like equities. But why no growth in the CAD Pref ETF’s? The TSX is up, but Prefs are flat.

I’m not looking for advice, just understanding.

#54 Capt. Serious on 05.20.19 at 10:15 pm

Good thing no one ever need predict markets. If we knew what is going to happen, the one true outcome would be low equity returns.

#55 DON on 05.20.19 at 10:23 pm

https://twitter.com/7NewsMelbourne/status/1130386256729260038

YIKES! Australia Housing

Not suitable for house horny moisters. Parental supervision required.

#56 Al on 05.20.19 at 10:35 pm

Biden?? Looks like the Dems are trying their best to lose again. Whats an econut?

#57 Rexx Rock on 05.20.19 at 10:43 pm

The stock market will keep going up if Trump keeps saying were close to a trade deal with China.Trump will continue to tweet this statement for a while.Its funny the media doesn’t talk about the trillions in debt anymore.I guess with zirp it doesn’t really matter anymore.Canada same thing,zirp forever.
Also all this talk of money laundering in Canada.I guess it exists because some rich people don’t want to be extorted by a criminal organization to pay for war and welfare.?Would you want your money stolen?
Garth is right about being in a diversified portfolio like this pro.
https://www.zerohedge.com/news/2019-05-20/were-twilight-zone-gundlach-warns-about-risks-credit-market-collapse

#58 Jager on 05.20.19 at 10:44 pm

I don’t understand the need to disparage President Trump the billionaire. Of course ad hominem attacks are perceived by most as a sign of insecurity, jealousy and prejudice. No worries. Trump will get his second term. Trudeau will not…

#59 Lobster Man on 05.20.19 at 10:55 pm

Yesterday’s Post:

<>

The NDP Government of BC was going to offer a $400 grant to all renters. The subject pretty well died. Do you know why?

If this had been implemented, addresses would indeed be matched, and landlord collecting cash rents etc. would have nowhere to hide. Those rental incomes will be reported and then taxed

But then, as Paul said at the end of his comment: “RENT goes up or the units sit empty.”

The ruling NDP Government knows that!

That’s why there’s no more mentioning of the proposed $400 grant for renters.

LM

#60 Calgary retiree on 05.20.19 at 10:56 pm

#39 Trumpada on 05.20.19 at 8:08 pm

“Fox, Rush Limbaugh, Rebel Media, Sean Hannity, John Solomon are today’s informed choices.”
———————————————–
And here we have the true source of the American disaster. Twenty plus years of constant exposure of right wing vomit. Trump is just a symptom. The cause is fear, ignorance, racism and the constant bombardment of far right propaganda.

#61 Russ on 05.20.19 at 11:06 pm

AK on 05.20.19 at 9:23 pm

#47 Russ on 05.20.19 at 9:07 pm

—————————————————-

“Wake up.
The Green Party has two seats!”
====================================

My bad. I stand corrected. LOL…

——————————————–

Hi AK,

It is kinda funny.

I was one of the strategic voters who helped put Paul Manly into the seat. In part, so a bunch of us could have a good laugh as the CBC and group of pundits analyze the whole situation.

Sometimes we’re as much fun as Newfies.

It wouldn’t surprise me if the riding went back to NDP in the fall, as it has been for decades.

Cheers, R

#62 Ponzius Pilatus on 05.20.19 at 11:21 pm

DELETED

#63 45north on 05.20.19 at 11:28 pm

from yesterday:

Victoria Real Estate Update: Canada’s “it’s different here” cheerleaders think Canadian policy makers are in complete control of our massive housing bubble.

I’m in Vancouver today. I see signs of big money everywhere. I’m looking out on the butterfly project – hundreds of millions of dollars for a multi-story tower. I just went to Kitsilano. Average houses cost $2.5 million. Nobody can afford $2.5 million. April sales in Vancouver are 50% below the ten year average. If May sales are down 50%, prices will follow.

I’ll be in Victoria tomorrow.

#64 conan on 05.20.19 at 11:29 pm

He is looking more like Trump start a war in Iran man. He is a menace and Biden will clean his clock.

#65 Ponzius Pilatus on 05.20.19 at 11:29 pm

Another massive wildfire in Alberta.
Karma is a bitch, for sure.

#66 Ponzius Pilatus on 05.20.19 at 11:39 pm

Ford is cutting staff because sales of flagship F-150 are collapsing.
https://theprovince.com/news/world/ford-cutting-7000-white-collar-jobs-in-series-of-restructuring-moves/wcm/9f2b80a5-cac8-49b7-a84e-5edf1775a43b

#67 NoName on 05.21.19 at 12:24 am

@flop

—–

https://www.google.com/amp/s/www.cbc.ca/amp/1.4633058

If ford ever leave Oakville i can sea okvilons celebrating and rejoiceing. And here is why.

My old emplyer was just across hwy from ford plant, i would usto go up on a roof and watched demolition of one of the “chimneys” at ford plant.

So when lunch comes and i make my way to holefoods i would just aks random people what they were thinking about it. Oh if you could see grin on their faces.

They were probably thinkig petrol canada rifainery shotdown 2.0. Rifaniery was 3 exit down, all space become shoping mall…
There is a good roomor about that chimeny removal.

Related but unrelated,

There was a some okvilon old dude who always filled complain with town against my old employer for making a noise at night time, so basically “we” ended up in many instances shoting down production because we were not allowed to drive forklift outside between 11pm and 7am, and do what needed to be done, or bring parts out to conduct emergency repairers, there was a quite of few big machines outside. Sound berries were built but dude keeps complaining and complaining. But that not a reason why they put a look on a door, just one of the few.

1 vs 100, now 5yrs later, more than half of those dont make anywhere close whe they were making, and other half of the half retired, and last 1/4 is doing ok-ish and few of those are doing well, i guess that’s a life. Luckily for some db pension there plan was good.

#68 diharv on 05.21.19 at 12:38 am

Your third paragraph reasons for loving Trump are shortsighted with blinders on that won’t matter a whit in 10 years . Meanwhile the national debt increases exponentially as the fiscally irresponsible want their cake but don’t have a way to pay for it. Is this not a problem that will ever have to be dealt with ? I guess it’s all about short term gain in exchange for next generation lifelong pain.

#69 Smoking Man on 05.21.19 at 2:22 am

When evolve to the point of I give no shit.
No one is worthy enough to judge me

You made it.

https://youtu.be/QohUdrgbD2k

#70 NoName on 05.21.19 at 4:28 am

Interesting read

https://wjla.com/news/local/uber-and-lyft-drivers-fares-at-reagan-national

ARLINGTON, Va. (WJLA) — Every night, several times a night, Uber and Lyft drivers at Reagan National Airport simultaneously turn off their ride share apps for a minute or two to trick the app into thinking there are no drivers available—creating a price surge. When the fare goes high enough, the drivers turn their apps back on and lock into the higher fare.

#71 jess on 05.21.19 at 6:37 am

“formation agents”

….“U.K. shell companies sharing the same corporate partners — originally formed by IOS Group — have appeared frequently in alleged economic crime,’’ Cowdock said. “Our research has identified at least 92 U.K. [Limited Liability Partnerships] controlled by IOS shell companies that have been named in corruption and money laundering cases.”

Attempts to reach IOS Group through its offices in Ireland and Latvia were unsuccessful. The company’s website listed contact numbers for offices in Riga, Latvia; Kyiv; and Moscow. The last two are also helplines for depositors of the now-defunct Latvian bank ABLV, once the country’s largest offshore lender. ABLV itself is now liquidating after the U.S. Justice Department described “institutionalized money laundering as a pillar of the bank’s business practices.”

Phone calls to the Kyiv branch of IOS Group went unanswered.

Shortly after receiving OCCRP queries, IOS Group posted on its website that it had ceased operations in 2017, saying it had become impossible for “independent legal offices to continue to work under the same IOS franchise.”…

https://www.occrp.org/en/troikalaundromat/how-ios-group-supersized-the-shell-company-game

#72 jess on 05.21.19 at 6:40 am

“Now records obtained by OCCRP and the Lithuanian news site 15min.lt show that IOS Group’s shell company business also laid the administrative foundation for the Troika Laundromat, a massive financial scheme set up and controlled by Troika Dialog, once Russia’s largest private investment bank.”…..

….Companies created by IOS Group have featured in a number of high-level scandals involving tens of billions of dollars in illicit financial activities.

….Jason Sharman, a professor of international relations at Cambridge University who studies shell companies, said they offer great cover for illicit activities.

“Shell companies are so useful in money laundering schemes because they serve as an artificial, expendable legal person that screens and conceals the real criminals in control,’’ he said. “If illicit money or other assets can only be traced back to the shell company, but not the real individuals in control of the shell company, the investigation stops dead.”

Companies created by IOS Group have featured in a number of high-level scandals involving tens of billions of dollars in illicit financial activities.

IOS-LINKED COMPANIES PROMINENT IN PREVIOUS SCANDALS

The Magnitsky Affair

Companies incorporated by IOS Group, such as DelCo Networks S.A., were involved in laundering money from a $230 million tax fraud uncovered by Russian whistleblower Sergei Magnitsky in 2008. Magnitsky later died in police custody.

Robbing a Kazakhstan Bank

In one of the biggest financial frauds in history, billionaire Mukhtar Ablyazov fled Kazakhstan after $10 billion was reported missing from BTA Bank, where he was chairman. He was accused of siphoning almost $5 billion from the bank into a network of offshore companies he controlled, one of which was set up by two companies that shared an address with IOS. Ablyazov was charged with large-scale fraud in Russia, and convicted on three counts of contempt of court in the United Kingdom.

Arming Sudan

Also in 2008, Somali pirates seized the merchant vessel Faina and discovered it was carrying tanks and missiles destined for war-torn Sudan. The company that owned the Panama-registered ship was incorporated by IOS Group. Sudan was then and still is under a European Union arms embargo.

Police Raid in Ukraine

In September 2011, Ukrainian tax authorities raided a Kyiv office owned by Gints Poiss and Arvis Šteinbergs, two men affiliated with IOS Group. The raid was part of an investigation into $4 billion moved illegally out of Ukraine in a scheme involving IOS shell firms, according to a court order. Police confiscated $114,000 in cash found on the premises.

Overcharging Taxpayers

A 2011 U.S. court judgment found that companies created by IOS Group tricked the Ukrainian government into purchasing overpriced medical supplies, including the polio vaccine. The court ordered the company to repay $60 million to the Ukrainian state pharmaceutical supplier.

PrivatBank Fiasco

In 2015, Pointex Sale LLP, another company created by IOS Group, was used by the bank’s owners to siphon billions out of PrivatBank, once Ukraine’s largest commercial lender. The theft took place during the runup to PrivatBank’s forced nationalization, according to a report by Kroll, a U.S.-based corporate investigation and risk consulting firm.

Embezzled Funds

Shell companies created by IOS Group in the U.K., Panama, and New Zealand moved more than $4 billion in embezzled money out of Ukraine from 2010 through 2014. The registered owner of two of the participating companies told an OCCRP reporter in 2012 that she was a proxy working for the Latvian offshore bank Trasta Komercbanka.

#73 NoName on 05.21.19 at 6:53 am

#66 Ponzius Pilatus on 05.20.19 at 11:39 pm
Ford is cutting staff because sales of flagship F-150 are collapsing.
https://theprovince.com/news/world/ford-cutting-7000-white-collar-jobs-in-series-of-restructuring-moves/wcm/9f2b80a5-cac8-49b7-a84e-5edf1775a43b

—-

Is that so, ponzy the platypus?

https://www.tfltruck.com/2019/04/ram-trucks-increased-sales-in-march-but-most-other-trucks-are-declining-sales-report/

We know what is problem of yours, you went long tesla and junior litium miners, didnt you? Tell us how big your positions are, maybe we can go fund me route to help you out. Butbi strongly recommend you write fiction books, it would sell good.

#74 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 05.21.19 at 7:51 am

The Blow Jays get crushed 12-2 and show such disrespect for Toronturds, they don’t even put on the field the player of the week on a holiday weekend!

https://www.theglobeandmail.com/sports/baseball/article-vladimir-guerrero-benched-in-victoria-day-loss-against-red-sox/

The Overpriced Cable Company Centre was barely half full, too, after last year’s attendance dropped by 1 million.

That entire city is filled with self-serving elites who just want to exploit the masses of residential sheep.

Enjoy yourselves as everything crashes, GTAholes!

#75 Tater on 05.21.19 at 7:56 am

Selling covered calls, with vol in the mid-teens after a 10 year bull run is a fantastically stupid idea.

And of course, the research firm suggesting it doesn’t have any options or derivatives traders in it.

#76 crowdedelevatorfartz on 05.21.19 at 8:12 am

@#66 Prattling Pontificator

Your SJW obsession with Alberta’s oil and the Ford F-150 is a bit sad.

Whats next ?
Cow’s and their methane?

#77 crowdedelevatorfartz on 05.21.19 at 8:26 am

I wonder how many Vancouver Realtor’s latte’s will hit the ceiling this am?

https://theprovince.com/business/real-estate/downturn-in-metro-vancouver-market-means-billions-in-paper-losses-for-homeowners-report/wcm/4d98c494-4de6-485c-b19b-f7a05fc99510

And its only May…..

Let the blood bath begin.

#78 dharma bum on 05.21.19 at 9:10 am

Then follow that with a blockbuster US-Sino trade deal just as Biden is schlepping his way across America. – Garth
——————————————————————–

Ha!

That provides a great mental image.

A sad old man in a rumpled suit dragging a ratty suitcase.

Willy Loman comes to mind.

Trump’s a shoe-in.

#79 Gravy Train on 05.21.19 at 9:26 am

#76 crowdedelevatorfartz on 05.21.19 at 8:12 am
“What’s next? Cows and their methane?” You have seen Canada’s new food guide, haven’t you? :P
https://food-guide.canada.ca/en/guidelines/section-1-foundation-for-healthy-eating/

#80 crowdedelevatorfartz on 05.21.19 at 9:35 am

The Real Estate “spin doctors” need to work harder if they want to control the message…

https://www.dianomi.com/click.epl?url_id=456799883&ru_variant_id=106

#81 SunShowers on 05.21.19 at 9:59 am

And now Biden has arisen through the gaggle of lefties, dreamers, econuts, feminist crusaders and socialists to present a credible, centrist, experienced alternative to the weirdest president ever.

———————————–

In the time between you writing this and now, Biden has completely given up his lead in the latest polls and is now even with Sanders.

His surge was the result of announcement hype and name recognition. Before he announced (but was widely assumed to be planning to do so in the future so he was included in polls), he was polling at ~5-10%, hovering just above the bottom of the barrel along with Beto, Mayor Pete, and all the other empty suits. And now that the hype has passed, he’s headed back down where he came from. Biden will not be the Dem nominee.

We had a credible, centrist, experienced Dem candidate in 2016. Remind me how that went, again.

#82 Renter's Revenge! on 05.21.19 at 10:39 am

#75 Tater on 05.21.19 at 7:56 am
Selling covered calls, with vol in the mid-teens after a 10 year bull run is a fantastically stupid idea.

And of course, the research firm suggesting it doesn’t have any options or derivatives traders in it.

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

Why is it such a stupid idea?

I get the basics of options, but I’m too lazy to think it through right now. Thanks in advance.

#83 IHCTD9 on 05.21.19 at 10:48 am

Some Real Estate stupidity still kicking.

2 houses down the road just sold – both to retiring couples who are escaping the GTA. One sold for the 360K asking price in a couple weeks. 3 houses over, the other one sold for 500K in a bidding war consisting of 5 parties. The owner told my neighbour he wanted 399K for it.

On the flip side – our local MLS now shows a few re-listings of 800K+ homes sporting near 100K haircuts.

One listing has a picture of the house with snow on the ground, but it’s not 2018/19 snow, it is 2017/18 snow! This place has been on the MLS off and on from 650-750K. Everyone is out fishing, some get lucky and get 5 bidders, others get stubborn and fiddle with the price for years on end :).

#84 Shawn Allen on 05.21.19 at 10:48 am

Green party and Truthiness and Spin

#47 Russ on 05.20.19 at 9:07 pm

Wake up.

The Green Party has two seats!

*******************************
Let’s jazz that up a bit!

Green party surges and doubles seat count!

Green party seat count rises 100% in one day. Let’s see, annualized that’s a growth rate 36,500%!!!

But seriously those two ousted-from-caucus-for-being-too ethical former cabinet ministers ( Jody Wilson-Raybould and Jane Philpott) are rumored to be mulling joining the Green party.

Green Party recently got official opposition status in PEI.

Do not under estimate the Green Party this next election.

#85 whiplash on 05.21.19 at 11:01 am

#76 crowdedelevatorfartz

What’s next?
Cow’s and their methane?

This is taken directly from the eco-bible, United Nations Intergovernmental Panel on Climate Change, Final Draft.

There is increasing agreement that overall emissions from food systems could be reduced by targeting the demand for meat and other livestock products, particularly where consumption is higher than suggested by human health guidelines.

Livestock are responsible for more GHG emissions than all other food sources. Emissions are caused by feed production, enteric fermentation, animal waste, land use change and livestock transport and processing. Some estimates indicate that livestock supply chains account for 7.1GtCO2 per year, equivalent to 14.5% of global anthropogenic greenhouse gas emissions and are responsible for about 2/3 of that total, largely due to methane emissions resulting from rumen fermentation.

Plan B for the next round of eco taxes??

#86 Ronaldo on 05.21.19 at 11:09 am

#64 conan on 05.20.19 at 11:29 pm
He is looking more like Trump start a war in Iran man. He is a menace and Biden will clean his clock.
———————————————————
OMG, you must be joking. Biden is way past his best before date and has a hard time staying awake. Trump will make mince meat out of him. Doesn’t stand a chance.

Trumps latest rally in Pennsylvania.

https://www.youtube.com/watch?v=O1_DPS-VJLA

I can’t imagine anything like this happening with Biden. He’s more like our PM who holds a town hall meeting and maybe gets 150 people.

#87 Mattl on 05.21.19 at 11:15 am

#60 Calgary retiree on 05.20.19 at 10:56 pm
#39 Trumpada on 05.20.19 at 8:08 pm

“Fox, Rush Limbaugh, Rebel Media, Sean Hannity, John Solomon are today’s informed choices.”
———————————————–
And here we have the true source of the American disaster. Twenty plus years of constant exposure of right wing vomit. Trump is just a symptom. The cause is fear, ignorance, racism and the constant bombardment of far right propaganda.

———————————————————–

Yes, and further to that, those voices ARE the mainstream media. Fox news is the most watched network. Hannity and Limbaugh are the top 2 radio shows – radio is dominated by Conservative. Fax has the top news website, Drudge not too far behind.

Sure, the top daily newspapers lean left but that is a dying medium, reading a daily paper, who does that anymore? It’s anything but mainstream.

This Mainstream media dominates narrative is hilarious, right win cons dominate US media.

#88 Shawn Allen on 05.21.19 at 11:21 am

Home Down payments required in the U.S.

I believe someone commented here recently that in the U.S. a down payment of 20% is required to buy a home.

Truthiness strikes again! I talked last night to a trusted and knowledgeable Tampa Florida real estate agent and former lender with many years of experience.

A 20% down payment is indeed needed to avoid having to pay for private mortgage insurance (roughly similar to CMHC but may be more expensive).

The usual minimum is 5% down plus closing costs. BUT home builders and even existing home sellers often pay the closing costs so the net is 5% down.

AND 0% down loans are available.

AND total debt service to income ratios well into the 40’s and even in some cases low 50’s are allowed and approved.

There are a myriad of mortgage insurers. My rough understanding is that the main government insurers provide insurance to banks that want to securitise those 20% down conventional mortgages. Those with less than 20% down pay private mortgage insurance unless they qualify for one of the discount government mortgage insurance programs.

There are strange programs like the U.S. Department of Agriculture offering cheaper-than-private mortgage insurance in many bedroom communities simply because the land used to be farm land and so they leave it to qualify for rural assistance for even decades after it was last farmed.

There are other lower-cost insurance programs too, such as for veterans.

It seems that all or almost all mortgages in the U.S. are open for re-payment either immediately or after one year. Yet, the normal standard is your interest rate will not change for 30 years if you just keep the mortgage! Currently a typical rate is 4.1% but like in Canada better deals may be available. I understand 3.5% is not unusual at the moment.

https://ycharts.com/indicators/30_year_mortgage_rate

The bottom line:

Given lower prices and low down payments (and very flexible repayment rights) and their strong economy, the U.S. housing market is very affordable. Barring recession I would predict U.S. home prices to rise. Rumors of needing 20% down payments are false.

#89 Sail away on 05.21.19 at 11:31 am

#60 Calgary retiree on 05.20.19 at 10:56 pm
#39 Trumpada on 05.20.19 at 8:08 pm
“Fox, Rush Limbaugh, Rebel Media, Sean Hannity, John Solomon are today’s informed choices.”
———————————————–
And here we have the true source of the American disaster. Twenty plus years of constant exposure of right wing vomit. Trump is just a symptom. The cause is fear, ignorance, racism and the constant bombardment of far right propaganda.

———————————-

Trump is hardly a disaster. People have always bickered and disagreed and in the end always continue on. Differences in opinions and ideology do not a disaster make.

#90 Evangeline on 05.21.19 at 4:06 pm

#86

Ronaldo, the Biden voters will be really voting for Obama’s third term. Biden’s boss now lives not far from the White House.

#91 baloney Sandwitch on 05.21.19 at 7:10 pm

According to Jeff Gundlach, the bond king, U.S. growth would have contracted without trillions in government, consumer debt.
https://www.reuters.com/article/us-funds-doubleline-gundlach/us-growth-would-have-contracted-without-trillions-in-government-consumer-debt-gundlach-idUSKCN1SK2KW

#92 Marco on 05.21.19 at 7:53 pm

Well, China is holding USA debt and should convert that to euros and that is an end to USA and its servants. In the case of war and there will be war I humbly remind you that USA lost two proxy wars to China, so far. Vietnam and Korea. You are doomed gentlemen. Guilty by association. Greed of capitalism enabled China to rule the world. Now suck it.

#93 Marco on 05.21.19 at 8:00 pm

And also it is important to make retirement mandatory at 65. All those old greedy idiots are present everywhere. In politics in business in the media While Elon Musk is flying to the Mars. Get out old people. Time is up. Forget experience. Education rules.

#94 Dalene Nisbet on 05.21.19 at 8:09 pm

DELETED

#95 Political Star on 05.21.19 at 10:06 pm

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