Take cover

Well, it’s happened again. The one-man presidential wrecking gang has roiled the world. It will be interesting about eight inches from now to see how the red-hat brigade in the steerage section rescues their guy after this Trumpian mess.

In case you missed it, the xenophobic American president, unable to get his own country to seal off the southern border (no wall) says Mexico will be penalized with tariffs until they seal theirs. Five per cent now. Rising to 25% within a few months. Of course this just about abrogates the new NAFTA and, worse, it will cost US companies and consumers around $87 billion in higher input costs and prices. So, the economy will hurt. Profits fall. The stock market was whacked.

The Mexican tariff came in a Tweet. Nobody in Congress voted for it. No research document from the trade department was done, no impact study on the North American auto industry (the biggest loser), no consults – just a Tweet, and it’s done. Incredible.

At the same time China has retaliated against the latest Trump tariffs affecting that country, imposing $60 billion in duties on US imports. Beijing is also mounting a campaign in response to Trump’s vendetta against Chinese tech giant Huawei, saying US companies will be shut out of the world’s biggest market. More economic fallout. More pain for corps and their shares.

In Canada, consequences.

This makes a joke of the new NAFTA that took a couple of years to negotiate. Obviously a trade deal with Mr. Trump means diddly. He is capricious and unreliable. Investors took one look at the latest moronic move and flocked to the safety of bonds. Prices there shot higher and yields crumbled. The curve inverted the most in 12 years (short rates are now substantially higher than long ones) simply because the writing’s on the wall. NAFTA’s probably dead.

So a 10-year bond now yields just 1.5%, the least in a couple of years, as investors bet what the White House is doing could torpedo our economy.

Not that it needs much help, apparently. Despite the boffo jobs numbers in April, the GDP is lying in a ditch, covered in brambles, barely breathing. Poor thing. We’ve just learned that growth in the first quarter of the year was a sickly 0.1% – the same as the final quarter of 2018 in which stock markets fell 20% and the Bank of Canada had a small cow. Now with a quixotic egomaniac in charge of our biggest trading partner, none of this is good. Without robust trade, Canada gets hammered.

By the way, speaking of Mr. Trump’s political prowess, this week in Japan he agreed with his friend, Kim Jung Un, the dictator of North Korea, that Joe Biden – four decades in Congress and eight years the US vice-president – was a low-IQ person. It was the first time anyone could remember an American leader openly dissing a fellow legislator on foreign soil, before a foreign leader. The fact he was agreeing with a dictator made it all the more notable. A day later it was revealed Kim has executed by firing squad his envoy to the US for the Hanoi summit, because of a bad outcome. He’d been co-opted by the US, the dictator said, and he threw three other officials into the lineup for kicks. They took bullets, too.

Of course, it was Trump’s personal attention and fawning which turned Kim from a third rung, regional bruiser into a global player. And it continues. Meanwhile the American leader shreds relations with a key economic and geographic partner. Because most poor migrants are, he’s says, murderers. But Korean ones are okay.

Over to you, deplorables.

$      $      $

An update on the very sensible and expanding decision being taken by many people to get the hell out of Dodge. Life in the GTA, Vancouver or the Lower Mainland is expensive, congested and populated with too many conflicted, financially stressed souls. They knee you on the subway. They give you the finger from their cars. They grab the best avocados from your hand.

Who needs this? Why not go somewhere affordable, where jobs are waiting? A poster calling himself ‘Running from Ontario’ asked me to share this with you.

Dear Garth: My partner and I are leaving Ontario and moving to the south shore of Nova Scotia in July. We’ve also done something we’d never thought we’d be able to do in Ontario – we’re in contract to buy a house!

Why? Doug Ford’s coming cuts to the healthcare profession have luckily coincided with Nova Scotia Health’s recruitment incentives; they offered a very nice signing bonus along with a full relocation package so we jumped.

What? We have an accepted offer of $135K on a nicely renovated three bedroom bungalow that’s walking distance to the hospital (complete with fully updated services, walk-out basement, fancy new kitchen and of course, a bunch of those shiny new appliances!) in a lovely little ocean-side town an hour or so south of Halifax. With a good combined annual income (along with defined pensions) we’re going with a 10year mortgage amortization with plans to pay it off asap.

The problem? Local real estate market stagnation – historically local prices have see-sawed and flat-lined. As such we are NOT anticipating any sort of price appreciation. In fact we are bracing for a possible 25% – 40% decrease (if the economy seriously tanks). Although it’s a lovely home, we clearly see it as a liability, not an asset. But with an effective vacancy rate of zero locally our carrying costs are still far less than our equally nice rental house in Ontario, and should we decide to eventually move on this property will become a rental unit or vacation home for us.

Is our thinking sound?

If you’re happy, financially solid, gainfully employed and content living in a spec of a place by the sea, an hour away from the city, what do you care what I think? Or anyone else? Life’s about choices, and you’re making a bold one. A few thousand people will read this tonight and wish they were you. Without the courage to say so.

155 comments ↓

#1 NoName on 05.31.19 at 4:49 pm

Uncle is bringing me balcones, texas single malt tomorrow. Than we press play this.

https://youtu.be/TvjAmPHhHPY

#2 TurnerNation on 05.31.19 at 4:58 pm

Haha can we believe there’s some Cray-cray people believing all this stuff is laid out in advance by a ruling cabal and that all this stuff is mere showmanship?
They aren’t evening trying to hide it any longer as we see.

GenZ has been groomed that social media is manna.
Tweet away and tell me it ain’t so.
And Kanada is to become a 2nd world country. Tell me otherwise.

#3 Lost..but not leased on 05.31.19 at 5:02 pm

Where’s the dog…driving the tank?

#4 Smartalox on 05.31.19 at 5:05 pm

Why is the US President pictured riding on a Russian tank?

#5 old dinosaur on 05.31.19 at 5:07 pm

You are xenophobe because you protect your border and constitution?

Why have citizenship – open it up to everyone then.

hmm….

Why have borders then?
Open it up,

For decades the southern US has seen massive illegal immigration. It’s not deplorable – it’s called get in line like the rest of the immigrants.

You need ot educate yourselves on the reasons for this.
It sure the hell ain’t xenophobia.
Go to southern Arizona and walk around. There are 1000s of no-go zones.

That isn’t xenophobia – it’s truth
It time for some.

Weaponizing trade is an idiot move. You will see. – Garth

#6 PA on 05.31.19 at 5:08 pm

I’ll take the news of the execution in North Korea with a healthy dose of “fake news”.

See May 31st posting at https://www.moonofalabama.org/

#7 Smoking Man on 05.31.19 at 5:08 pm

Epic gif. I downloaded it for future tweets. thanks Gartho

#8 TurnerNation on 05.31.19 at 5:09 pm

Why no slowing in downtown TO semis and SFH. Overheard a Millennial talking about buying a semi. Lined up financing…and also a loan from Parents.
(That Which are borrowing no doubt from a cheap Heloc.)

Low rates party on.

#9 Kenny H on 05.31.19 at 5:12 pm

Think this is a good move for them. Sounds like they have a good career in healthcare, with which they can pay off the inexpensive house quick and even if the market drops as bad as they’ve suggested, they still have a place to live and job in a place with a better quality of life.

#10 Gregor Samsa on 05.31.19 at 5:14 pm

Yes, let’s all flee the cites and take up public sector jobs with fat pensions and live like kings in the country side. Sounds like a dream…. because it is.

Meanwhile, back in dismal reality, people are still leaving the country side for the cities because there are no private sector jobs or opportunities. Canada’s goods producing economy continues to be gutted by globalism (that thing the bad orange man is also against).

#11 Steven Rowlandson on 05.31.19 at 5:17 pm

The essential truth is that without good paying jobs and plenty of hours the workers of the USA or Canada cannot buy cars ,homes or anything else. That is why if one wants to sell cars or anything else to people in your country those people need to be making the products they
are likely to buy. Importing goods to sell to people with no real jobs and insufficient income does not work.

#12 Smoking Man on 05.31.19 at 5:22 pm

Trump played a brilliant move, I’ve been down to Tijuana a few times in the last few months, hour drive.

The locals hate migrants, most of them organized by NGO’s with deep connections to the drug cartels. This is what they do.

They organize vasts amount of people at different locations, crossing at the same time using up 100% of border security which allows the cartels to move vasts amount of drugs quickly and safely.

MSM will never tell you the truth on this.

Fentanyl for the flyover states, and more liberal votes in the cities down the road.

Trump should have started at 20% then up to 50% At that point the cartel’s legitimate investments and holdings would take such a big hit that they would police the border themselves.

Dr. Smoking Man
Phd Herdonomics

#13 Irwin on 05.31.19 at 5:23 pm

I live at 2,000′ elevation not anywhere near an ocean.

For fun, Google “living at sea level on the Atlantic west coast”. But don’t worry, survival in any and all scenarios is zero.

#14 Non-partisan here on 05.31.19 at 5:24 pm

I’ll take Trumps unpredictable BUT transparent moves ANYDAY over the planned moves done in secrecy by so many traitorous political leaders.

Trump may not be polished but the guy understand that china has major ambitions for world domination. China doing it softly but the goal is pure totalitarian control in 30 years or less.

A world rule by the USofA is a whole lot better for us Canadians than a rule world by China. No one ever likes their boss but some bosses are better than others.

Don’t even make Trump look like a xenophobe with the mexico thing. They had over 800,000 people go through in the last 12 months. Canada had like 40,000 come in and everyone seems to agree is not right but it’s not okay for Trump to say it’s a problem. wow.

#15 The Wet One on 05.31.19 at 5:25 pm

Just wanted to say that the graphic at the top of this post is EPIC!!!!

That is all.

BWAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHA!!!!!

#16 Dazed and CONfused on 05.31.19 at 5:29 pm

Given the serial-lying Orange Orangutan has repeatedly demonstrated he has absolutely no moral compass, I wonder how many pre-Tweets he made to his de-regulated Wall Street maggots before he made today’s Tweet.

#17 just a guess on 05.31.19 at 5:29 pm

35 school st in Liverpool. New sidewalk on a leafy street too

#18 saskatoon on 05.31.19 at 5:34 pm

more government employees jumping at “incentives”…

living “peacefully” by violently extracting wealth from others…

your thinking isn’t sound.

it is completely immoral.

Since when do doctors violently impoverish others? You need help. – Garth

#19 mitzerboyakaQueencitykidd on 05.31.19 at 5:40 pm

Dogs are great
beer is good
people are crazy

#20 Dazed and CONfused on 05.31.19 at 5:43 pm

#7 Smoking Man on 05.31.19 at 5:08 pm
Epic gif. I downloaded it for future tweets. thanks Gartho
____________________________________

A clueless, treasonous dictator standing alone, going nowhere, on a tank buried to the axles in sand, with dollar bills fleeing in the wind behind him with every Tweeted stock market collapse?

Yeah, epic all right.

#21 Lefty on 05.31.19 at 5:43 pm

Sooooo glad I locked into a five year mortgage last fall.. I’m like Charlie Brown and the freaking football

#22 Lead Paint on 05.31.19 at 5:52 pm

Trump’s only ruling philosophy is ‘Might is Right’. That’s why he’s cheated vulnerable people and assaulted women his whole life without remorse. Weak people who feel bullied by society cling to him as their protector but he’ll only take care of himself and his family and leave everyone else far worse off.

#23 45north on 05.31.19 at 5:52 pm

The Mexican tariff came in a Tweet.

evidence that the Russians hacked his Tweeter account

#24 Dazed and CONfused on 05.31.19 at 5:53 pm

14 Non-partisan here on 05.31.19 at 5:24 pm
“….Trump may not be polished but the guy understand that china has major ambitions for world domination. China doing it softly but the goal is pure totalitarian control in 30 years or less…..”
___________________________________

Seems like Walmart played a very substantial part in fundraising that scenario, didn’t they?

#25 45north on 05.31.19 at 5:53 pm

My partner and I are leaving Ontario and moving to the south shore of Nova Scotia in July.

I think Lunenburg counts as the south shore?

He’s not the only one running from Ontario.

#26 Midnights on 05.31.19 at 5:55 pm

Trumps the man.

#27 BlogDog123 on 05.31.19 at 6:07 pm

Here’s the thing with Trump. Whenever he’s staring at the TV and doesn’t see himself in the news he does one of the following to keep him in the news cycle:

1. Announce tariffs.
2. Start bad-mouthing a politician.
3. Bring up the wall.
4. Mention illegal aliens, criminals, rapists, rant, rant.
5. Ranting about some other country/enemy.
6. You get the idea…

#28 BobC on 05.31.19 at 6:11 pm

Other then those few things you mentioned Trump is doing ok. I think he’s tired of being criticized for lowering taxes on corporations so he raised them back up a little.
5% is nothing, hardly a blip. However the $130 Billion illegals cost us each year will not only continue on but its growing.
The market will come back in 2 or 3 days. No big deal.

#29 not 1st on 05.31.19 at 6:14 pm

That pic made me instantly stand and salute.

Don’t delete me this time Garth. Going to point out simple facts.

More than 100,000 illegals rushing the border every month which includes drugs, gangs, kids, trafficking. And Trump is supposed to do nothing but let them all in? This is xenophobia?

As we have found out, too many countries riding USA coattails and they wont change until Trump gives them a little economic pain. Canada included. Only yesterday Trudeau tried to win political points off the VP by abortion shaming him in front of the cameras. Weak and dishonest is about right.

#30 Chimingin on 05.31.19 at 6:16 pm

My parents just moved from Ontario into their new home on the South Shore. It’s in a lovely little village with a lively social scene and not a long drive to the local hospital (perhaps it’s the same one?) – Enjoy!

#31 The Dogg Pound - BC Housing is Crashing on 05.31.19 at 6:18 pm

Nice if you can get the job in a smaller place. Easy to get that job if you are in health care. The only real employment numbers in BC are in the lower mainland.

Vancouver will be cheap soon. How cheap? 58% more cheaper from today’s prices.

More than 120 recommendations delivered to tackle money laundering in B.C.

Game over. You can view the database online for progress made (complete, word underway, etc.).

It is over with BC. Not like you have not been warned for the past several years for those wanting to cash out.

Up next, major slowdown and job loss.

#32 Call me Frank on 05.31.19 at 6:23 pm

Funny how in just a few months the BC NDP’s investigation into AML and other assorted criminal activities delivers 120 recommendations to tackle 16 years of systemic white collar crime. But the BC Liberals couldn’t even come up with one. They spent most the the time denying it.

Weird.

#33 Keith on 05.31.19 at 6:25 pm

Trump is a barking, blustering backpedaler. His ego will demand that he joins the club of two term presidents. After a summer of verbal fireworks, and messaging that trade deals are impossible there will be deals in the fall, just in time for the interminable election process. The stock market will rise accordingly to fatten the election boasting of the orange peril. Democrats need to choose wisely, Trump is still a cagey guy that knows his base.

#34 Yukon Elvis on 05.31.19 at 6:26 pm

Mexico allows the illegals to enter and cross Mexico illegally. Mexico would arrest, imprison, or deport you or me if we tried the same. Trump is not a pony ridin’ virtue signalling tug boat operatin’ libtard. He is doing what he can with no help from the Democrats or the Mexicans. I wish him luck.

#35 Debtslavecreator on 05.31.19 at 6:29 pm

Trump needs to fire Wilbur Ross and Lighthizer as these tariffs are dumb policy
But what if Trump is pressuring the Fed to lower rates …,
I think this is his real goal by targeting Mexico
Fed and BofC will lower rates within 3-4 months then by early 2020 you will see most CBs printing to buy Corp bond and equity ETFs
Dow 32-40 k in 2021-2022 with sudden increases to capital gains and dividend taxes
But joe six pack thinks he’s getting rich
Fiat currency death-knell

#36 DON on 05.31.19 at 6:33 pm

https://oilprice.com/Latest-Energy-News/World-News/US-Forces-Blow-Up-Three-Oil-Tankers-In-Syria-Enforcing-Oil-Embargo.html

#37 Dolce Vita on 05.31.19 at 6:39 pm

Wait a minute Garth, NOT SO FAST on GDP.

That report was GDP income and expenditure – CDN MSM does not know the difference. GDP reported MOST of the year is GDP basic prices. And it was not bad, Feb. to Mar. was instead a very good month (maybe too good).

GDP Definitions (for the uninitiated):

https://www.conferenceboard.ca/e-data/data/gdp.aspx?AspxAutoDetectCookieSupport=1

Did some March 2019 GDP Basic Prices Report number crunching a few hours after the data came out, then went and read the BNN-Bloomberg & CBC Business takes and was left wondering if we read the same report? They thought they were reading GDP basic prices report. Obviously, they were not.

Link at end for StatCan GDP basic prices numbers and here after some Google Sheets number crunching:

GDP ($ Millions)

February 2019 = 1,945,658
March 2019 = 1,955,388
MoM increase = 0.5%

Here is a column chart I created showing the past 6 months of MoM growth rates:

https://i.imgur.com/UAe1Lni.jpg

Same as Trading Economics (their Oct. 2018 needs a revision update):

https://tradingeconomics.com/canada/leading-economic-index

————

CBC got on this “annualized” kick using a non-standard GDP report, but you can calculate the last 12 months or even 6 months or whatever of GDP basic prices growth ($ Millions) on your own.

The last 12 months ($ Millions):

April 2018 = 1,929,953
March 2019 = 1,955,388
Last 12 months increase = 1.32%

The last 6 months ($ Millions):

October 2018 = 1,950,976
March 2019 = 1,955,388
Last 6 months increase = 0.23%

The last 3 months ($ Millions):

January 2019 = 1,950,067
March 2019 = 1,955,388
Last 3 months increase = 0.27%.

SLOW GROWTH indeed.

————

Everyone likes to use a 60% Consumer Spending number estimate (1st Qtr 2019, $ Millions):

Average GDP = 1,950,371
Household final consumption expenditure = 1,177,409
Consumer Spending = 60.4%

Way too close for Government work.

————

Household net saving (1st Qtr 2019, $ Millions):

13,844 or 1.1% of Household disposable income = 1,255,960.

Incidentally, this has been up and down like a Yoyo over the year, so take that number with a grain of salt. That would require another lengthy post like this one to explain why, not in the mood at present. Still, not a bad savings rate.

————

For the curious, here is where the above numbers come from (GDP basic prices, what is reported typically every month by the MSM):

https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=3610043401

Play on your own to get the above and below results.

————

Other Stats from the March 2019 Report:

NAICS Top 10 Growth Rate Sectors, Feb. –> Mar. 2019, MoM:

Cannabis sector (licensed) 3.11%
Mining, quarrying, and oil and gas extraction 1.95%
Transportation and warehousing 1.39%
Durable manufacturing industries 1.26%
Wholesale trade 1.08%
Manufacturing 0.94%
Finance and insurance 0.87%
Information and communication technology sector 0.84%
Industrial production 0.84%
Industrial production 0.82%

NAICS Negative Growth Rate Sectors, Feb. –> Mar. 2019, MoM:

Administrative and support, waste management and remediation services -0.10%
Agriculture, forestry, fishing and hunting -0.28%
Cannabis sector -0.47%
Content and media sector -0.70%
Utilities -1.79%
Cannabis sector (unlicensed) -2.41%

——————————————–

Buonanotte e Ciao d'[*]Italia.

*1st Qtr GDP +0,1%, Last 12 months GDP -0,1% where misery loves company Canada.

– See more at: http://www.rainews.it/

#38 Shawn Allen on 05.31.19 at 6:40 pm

Allowable and Deplorable Immigration Controls

Any country is allowed by international law to control immigration into it.

But Trump has gone further. Did he not a few months ago suggest that Honduras and Guatemala prevent their people from leaving and crossing into Mexico (where they would then head to the U.S.) ?

By asking Mexico to do something about immigration in to the U.S. is is not asking Mexico to lock people in?

Is it not against international law and convention and against human decency for any county to lock in its people? That’s part of the reason North Korea is largely excluded from the international community.

America First is one thing. America Only or Americans Only is deplorable and should be condemned by decent people.

#39 acdel on 05.31.19 at 6:40 pm

I really do not understand as to why so many are down on Trump. Here is a guy that wants fairer trade with his country, stop illegal immigration, create new jobs, bring industry back to employ Americans, not great for the rest of us but I wish we had a leader like that, anyways, my thoughts, not replying.

Good on the docs for making the move; hopefully it works out for you. People dish you as government workers but I admire the heck out of you for taking care of us.

On the eco nuts pro carbon tax; I have always advocated that if you truly wish to make a difference plant a tree. Get rid of carbon tax and give us a tax break for planting a tree and making a real difference.
I cannot beleive that the CBC actually released a story that I have been saying for years; for once I am a happy tax payer to the CBC. check it out.

https://www.cbc.ca/news/technology/what-on-earth-newsletter-trees-carbon-capture-climate-strikes-1.5156358

#40 cto on 05.31.19 at 6:42 pm

All this political turmoil smashing stock markets further into the ground and i wonder what wight happen with the condo sector?
Will it remain untouched and continue its accent to the stars? I wonder, as things have been so distorted in this last decade.
Could it be once again, (for the 11th time!), the real economy suffers but the geniuses at the government and the BOC, who seem to get their marching orders from the government will remove stress test and drop rates,.. once again supercharging the housing sector as they have already done for like,…the last 10 years. Seems its all the western world has left…(condos and land).

#41 Miki on 05.31.19 at 6:42 pm

I think you said Trump was good for business. Change of mind?

Change of Trump. – Garth

#42 JonBoy on 05.31.19 at 6:45 pm

So we had 100,000 jobs added last month but GDP growth for Q1 is 0.1%? We had the best month (ever) for new jobs and we’re in a basically flat economy?

Which one of those numbers is a lie? The only one they can fudge – the job numbers, of course. You don’t go from a flat economy to booming job numbers in a single month…

#43 Cottingham a bargain on 05.31.19 at 6:52 pm

I’ve noticed the blog really take a turn lately promoting exiting the GTA and Vancouver areas for greener and cheaper pastures.

Based ont this, am I to believe the sunshine and roses being cast on property appreciation and sales increases in the Hamilton and Burlington areas from the various RE outfits?

Or is this another head fake for this region??

#44 Dolce Vita on 05.31.19 at 6:53 pm

Omission of StatCan explanatory notes (i.e., there were 2 Industrial Production sectors in the following list and now corrected):

NAICS Top 10 Growth Rate Sectors, Feb. –> Mar. 2019, MoM:

Industrial production [T010] 0.84%
Industrial production (1950 definition) [T017] 0.82%

My bad.

#45 The Real Mark on 05.31.19 at 7:01 pm

So here we are. Yield curves almost everywhere are inverted. Recessionary signals are growing by the day, especially in Canada. The so-called “unemployment rate” is simply government-sponsored fake news because hiring of the young has been so scant over the past decade that a lot of people are simply not even being counted as the unemployed.

Poloz is delusional as ever. The economy, inflation, etc., is screaming for the necessity of a rate cut. Yet he’s standing firm. Seriously, where do they find these people? The output gap in the Canadian economy is wide enough to drive a bus or fly a 747 through (don’t try to fly a 737Max through it though, we don’t need another crash in addition to the stock market crash that is coming down the pike!). Canadian housing is collapsing. Nearly all Alberta junior O&G companies will have a date with their local insolvency practitioner. And even most of the mid-tiers will be beaten to within inches of death over the next few years.

What looks good? Almost nothing. Bob Hoye (one of those great Howestreet guests, like Ross Kay, and even Garth occasionally) does point out that in the Great Depression, gold miners benefitted enormously, not because the price of gold went up (it didn’t until FDR signed the executive order “devaluing” the USD$). But rather because the price of the industrial inputs and labour utterly collapsed. Today the main gold mining stock indices were up 3-4%. Probably lots more days like today to come.

#46 Non-partisan here on 05.31.19 at 7:03 pm

@ 35 Debtslavecreator

More than tariffs are coming. Fight with China is nothing less than fight for global rule and North America’s standard of living is at stake. It will continue long after Trump leaves. This is the big game. Bigger than those stupid Dow or S&P scores. Most business don’t trade on public exchanges so most of the real power don’t care.

You should fear thought of USofA losing. CAD$ will go down with the USD$ is they lose. You will paying $15 forhead of lettuce because the Chinese Yuan will be global reserve currency.

It will take 4 USD or 5 CAD dollars to buy a single Yuan. Businesses will ship all good produce to ports because the strongest currency wins good stuff. Shanghai will be eating your Grade A peaches from BC and you will get Grade C lemons from Mexico so you don’t die from scurvy.

read post at #14

#47 Re-Cowtown on 05.31.19 at 7:05 pm

Weaponizing trade is an idiot move. You will see. – Garth
+++++++++++++++++++++++++++++++++

I agree. But doing nothing is far worse. Trump is shaking the box to create a better outcome. The Democrats are busy trying to cover their own criminality and are unable to govern. I ran across this recently and it fits all of the available data. It explains neatly why the Dems are so fixated on Trump eradication. Spolier Alert: It all began LONG before Trump even declared his political interests.

“Joe diGenova, DC super attorney, recently did a radio interview where he outlines the genesis of the Russian Collusion hoax. In short, starting in 2012, Obama’s staff began illegally accessing NSA databases for information on political enemies in preparation for the 2012 election. Various US government agencies unmasked data for Obama’s political team on hundreds of individuals, providing everything from their internet search history, financial data, phone records, emails to credit card purchases for the perusal and political use of the Obama campaign office.

The FBI and CIA knew about the illegal activities and helped out Obama’s crew to curry political favor from Obama. None of this would have come to light if Hillary won as she would have beneficially inherited the corrupt process and kept it spinning. But Trump won in 2016.

In early 2017, shortly after Trump took office, NSA Director Admiral Mike Rogers found out about the illegal activities and informed Trump. From that point on it has been a knife fight, with the FBI, CIA, NSA etc. trying to keep the bodies submerged as Trump drains the Swamp.

The Russian Collusion fairy tale was invented after the fact to try to give cover to Obama’s massive NSA database violations, and the Mueller investigation was merely a fig leaf to try to add legitimacy to the fairy tale.

The characterization of this whole debacle as a “Deep State Coup Attempt” is not accurate as it imbues too much principle and nobility upon the actions. In reality, it was and continues to be a bunch of hacks, low-lifes, loser thugs and criminals sucking up to the boss by breaking the law and then doing and saying anything they can think of to stay out of the slammer. Nothing noble here and the Democrats will end up wearing this one in 2020.

https://www.michaelsmithnews.com/2019/05/an-authoritative-analysis-of-washingtons-battle-of-the-titans.html

If the Democrats could get back to governing most of what Trump is doing would be unnecessary. As to Kim Jong Un shooting his negotiating team, I’ll wait a few days for independent confirmation. It’s such a neat clean crisp story that it might not be real. But I’ll keep an open mind.

#48 Nonplused on 05.31.19 at 7:07 pm

#138 cultural elitist (yesterday)

Reading is a great way for the masses to acquire the knowledge of the brilliant, but unfortunately the masses aren’t interested in reading anything other than “50 Shades of Grey” or “Game of Thrones”. So unfortunately all reading does is further separate the dumb from the smart. Often by a much larger margin than would exist if there were no books on learned subjects.

“And he answered them, “To you it has been given to know the secrets of the kingdom of heaven, but to them it has not been given. For to him who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away.”

– A Jewish Rabbi

#49 Theo Stanford on 05.31.19 at 7:07 pm

Nobody voted for low to negative interest rates but we got them shoved down our throat. The central banks of the world have more power than anyone else. Trump is small potatoes.

#50 Barb on 05.31.19 at 7:07 pm

Trump’s making buckets of coin on the stock market.
He knows when/how to make it go down.

#51 Displaced Maritimer on 05.31.19 at 7:07 pm

I am one with the courage to speak up.

This move is a lifestyle change and a career change. It is also a reality check for how grossly warped our real estate market is if you compare Ontario prices with south shore Nova Scotia.

A haircut of 20% on 135k is 27k. Piddily when compared to Ontario.

Go any enjoy and wonderful province with friendly people and pace of life!!!

#52 tccontrarian on 05.31.19 at 7:11 pm

“In case you missed it, the xenophobic American president, unable to get his own country to seal off the southern border (no wall) says Mexico will be penalized with tariffs until they seal theirs. Five per cent now. Rising to 25% within a few months.”

–> He may be back-pedaling in a few days/weeks. Most of what he says is part of ‘the game’.

“Of course this just about abrogates the new NAFTA and, worse, it will cost US companies and consumers around $87 billion in higher input costs and prices. So, the economy will hurt. Profits fall.”

—> A case for having a significant short position?

“The stock market was whacked.”

—> Meanwhile, my precious metals stocks rallied 4-6% in today’s session. Exactly the economic/political backdrop for having a large exposure to non-fiat money.

It’s a good day when most market participants get a…’licking’; whilst (deplorable) bullion-lickers have their day in the sun.

LG-TCC

#53 Joe on 05.31.19 at 7:11 pm

i was going to ask did you forget the pic of a dog, but then realized you didnt!

#54 Linda on 05.31.19 at 7:12 pm

#39 ‘acdel’ – what is your definition of fair? Because the Trump definition appears to be one sided, as in if America gets all the goodies it is fair, but anything else isn’t.

Regarding the latest Trump tantrum via tweet, I thought this guy was planning to run for re-election? If he manages to increase costs & crash markets, would that not lower his chances of winning a second term? Or is he betting his supporters will re-elect regardless of how he acts? How out of control does this guy have to get before folks finally say enough?

#55 not 1st on 05.31.19 at 7:16 pm

Garth needs to ask himself what is our trade model based on? Basically its a globalized socialism model whereby a little bit of the wests very successful system is siphoned away to other countries that struggle to create the same thing on their own. GDP, manufacturing, technology and jobs outsourced to barely friendly countries and some outright hostile. Similar to a global affirmative action program. What moral incentive is there for us to do that?

Some countries will never have a free democratic capitalist system because they have given themselves over to another model which is at odds with ours.

Why does Mexico have no interest in keeping its people home? Well because if they can get employment in the US, the lucrative remittances in US dollars are sent back into the country which stimulate the Mexican economy much greater than similar local employment would. $10 USD an hour vs $1 peso an hr is a big difference.

#56 Trumpocalypse2019 on 05.31.19 at 7:17 pm

Tanks and missiles will be rolling out very soon.

This is a critical time to be stocking up on food and fuel. Have a getaway location at least 100 km away from major centers.

If you have the freedom to work from home, relocate now if you are in a large city.

The Trumplosion is about to happen.

PREPARE

#57 Dolce Vita on 05.31.19 at 7:23 pm

“Weaponizing trade is an idiot move. You will see. – Garth”

Liberal me (Pearson, Chretien, Martin Liberal and not Dilettante Justin Liberal).

Conservative you.

Look it Garth, you’re old enough to remember pre-NAFTA when you could count on getting a 30 year service gold watch upon retirement (remember that saying?) and because Canada had protectionism.

If you wanted to sell big in Canada, you had to build a plant to supply the Canadian market even if you were a Yankee Dog.

T1 had FIRA largely to determine if a large $ import alternative could be bought in Canada instead and if not, could it be made in Canada. That created good paying manufacturing jobs.

Manufacturing jobs abounded and paid well. You could rely on multiple offers graduating from Engineering at University and the employers came to campus trying to woo you to their company. And I had no problem getting high paying Union Summer jobs not far off from what the Trades people were getting as Journeymen.

So no student debt.

Then along came NAFTA and Globalization.

WE HAD IT ALL.

Resources that the World needed. If they wanted to take our resources and make goods and sell them back to us, we made them manufacture in Canada.

Housing was cheap. Canadians among the best savers in the World and we had money. High wages. We gave all that away for shitty paying Part Time Service Sector jobs.

How is what we have now better? It isn’t.*

And yes, yes AUTOMATON uni-dimensional thinkers “Manufacturing jobs lost to automation”…well tell that it ain’t so to the Chinese and their Economic Miracle of the past few decades. So much for that bull shit thinking.

SO YES GARTH, you are CORRECT in the here and now BUT FOR ALL THE WRONG REASONS.

*And for all you little IT, Hospitality, etc. service sector mavens, when’s the last time you took a look at a GDP Report and calculated that your GDP Sector financially amounts to taking a piss in the Pacific Ocean and measuring the water level increase.

—————————

-the weather is changing, I’m in a bad mood…again.

Love you Garth, Ciao d’Italia.

#58 reynolds531 on 05.31.19 at 7:29 pm

The advice here has always been…. ignore the noise. Is this not just noise?

#59 PastThePeak on 05.31.19 at 7:38 pm

#42 JonBoy on 05.31.19 at 6:45 pm
So we had 100,000 jobs added last month but GDP growth for Q1 is 0.1%? We had the best month (ever) for new jobs and we’re in a basically flat economy?

Which one of those numbers is a lie? The only one they can fudge – the job numbers, of course. You don’t go from a flat economy to booming job numbers in a single month…
++++++++++++++++++++++++++

Canadian monthly job numbers published often jump around a lot (up 20K one month, down 5K the next). Much more so than US numbers. But last month was the biggest move ever I think.

For those that think the latest trade issues with Mexico and China will only have a short term effect on the markets – think again. Prior to May there were already lots of poor economic numbers in the US and Canada (US Q1 GDP number as published looked good, but all kinds of funny bits under the hood which questioned reality). Home sales going down, auto sales tanking, auto loan delinquencies, retail sales down…

The impacts of the trade wars might be the black swan event to kick this sucker over (and the debt and leverage will do the rest). Invest accordingly…

#60 FreeBird on 05.31.19 at 7:39 pm

Wave of migration driving Trump’s meltdown explained…

https://www.google.ca/amp/s/www.vox.com/platform/amp/2019/4/11/18290677/border-immigration-illegal-asylum-central-america-mexico-trump

#61 Sail away on 05.31.19 at 7:41 pm

Haha- such outrage… Most trouble is caused by people, and Trump is a person, so what is one to expect, really?

Most of my friends and relatives in the US seem quite happy with the state of leadership, although some are also vehemently opposed. It’s always interesting to see otherwise intelligent people so tied up in ideology or opinion that they no longer view events objectively.

I enjoy the drama and try to quietly stay off to the side buying the dips. Trump has been a great friend to my net worth so far, and this latest dip might continue the trend.

As an aside, is anyone else aware that Howard Buffett, director of Berkshire Hathaway, has been running an unauthorized paramilitary border control operation in Cochise County on the New Mexico/Mexico border through his nonprofit, funded to the tune of $150M / year from Warren Buffett? Interesting stuff- helicopters, black ops, partially masked photos posing with guns. It raises questions about the objective nature of Berkshire. An investigative journalist friend of mine forwarded some info.

#62 Dazed and CONfused on 05.31.19 at 7:42 pm

#29 not 1st on 05.31.19 at 6:14 pm
“…….More than 100,000 illegals rushing the border every month which includes drugs, gangs, kids, trafficking. And Trump is supposed to do nothing but let them all in?……”
______________________________________

Classic Trump supporter hypocrisy.

Cadet Bone Spurs had no problem pardoning convicted, non-citizen, shareholder pillager, Lord of Balk of Crossdresser back into the U.S.

Perhaps if your Mexican gang members/drug traffickers are wealthy enough, they could write Trump a nice, flattering, back-scratching children’s bedtime story to regain access to the U.S. It worked out really well for the Loblaws pension pillager.

Perhaps, a Jimmy Kimmel bedtime story is in order….

https://www.youtube.com/watch?v=lTu-x364_3E

#63 akashic record on 05.31.19 at 7:43 pm

Haha… this is fun…

#5 old dinosaur on 05.31.19 at 5:07 pm
You are xenophobe because you protect your border and constitution?

Weaponizing trade is an idiot move. You will see. – Garth

What is weaponized by declaring a president xenophobe for protecting the border and constitution? Not wisdom, for sure.

Does America have illegal border crossing immigration problem? Does this problem exist for decades?

Has Joe Biden – “four decades in Congress and eight years the US vice-president – high-IQ person” been able to do anything -anything at all – about it? No, eh?

Maybe it’s unfair to blame Biden, after all, Twitter was created only recently.

Nobody in the American political establishment was able to tweet any solution for this problem ever since it started (again), the day after Reagen’s amnesty.

This fact wins the insanity competition over Trump’s tariff, hands down, no doubt.

We can call this insanity the weaponization of illegal immigration. Everybody who matters had a role in it, from politicians, industries, the list is too long to bother with.

Heck, this weaponized insanity even created Trump’s presidency.

#64 acdel on 05.31.19 at 7:44 pm

Here is another one for Smoking Man. :)

https://www.dailymail.co.uk/sciencetech/article-7091661/Former-head-secretive-government-UFO-program-set-reveal-new-documentary.html

#65 Dolce Vita on 05.31.19 at 7:46 pm

#42 JonBoy

Read my lengthy #37 Comment, first few sentences only and go to first web page link to answer your question OR:

The long and the short of it is our digitally challenged Cdn. MSM (in need of $600 MM) does not know the difference between GDP basic prices (what is reported every month) and a different accounting of GDP based on income and expenditure (all the rage today and for all the wrong reasons, MSM financial illiteracy – comes out every Quarter).

Today’s “The Daily” GDP income and expenditure:

https://www150.statcan.gc.ca/n1/daily-quotidien/190531/dq190531a-eng.htm

The “Usual” GDP report, basic prices, we get every month:

https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=3610043401

I know you rely on the Cdn. MSM to get it “right” but they don’t. As for BNN, the next time you watch one of their “Expert” Market Call people, remember to go here and see that persons “batting average”:

http://www.nickldown.com/BNN.html

Now you know in part why Garth is not fond of BNN.

Luddite financial sensationalism click bait the CDN MSM guiding principal nowadays.

#66 Nonplused on 05.31.19 at 7:48 pm

Well Trump did say he was going to make Mexico pay for the wall….

As much of an unpredictable person as Trump is, one cannot conclude that his interpretation of certain problems is incorrect. On the immigration issue, he is 100% correct that illegal immigration is a problem (that’s why it’s illegal) and the problem has reached crises levels. He does seem to be floundering as to how to fulfill his mandate to protect the boarder with the Dems impeding his every move or proposal for political purposes. But as President he is obligated to defend the boarder. He has to try something, anything, within his jurisdiction as president.

And let’s keep things in perspective. Trump’s wall as originally proposed would have cost less than one new aircraft carrier, which can’t operate because the new technology for launching and recovering planes doesn’t work. And it would actually do something besides float around menacing third world nations with oil.

But Trump’s new tariff plan with Mexico won’t work unless it causes more support for the wall within the US. See, the problem, as Scott Adams originally pointed out, is that the US does not share a border with Mexico. The US shares a border with “the cartels”. Mexico, as governed by the state of Mexico, is many miles south. There is a new undeclared state, or several new undeclared states, that have arisen along the southern US border and they are not under the control of the Mexican government. They are actively at war with the state of Mexico. It’s no different than Syria.

What they need is 2 walls, one on the US border, and one at the edge of the area Mexico actually controls. Then they could perhaps effectively squeeze the cartels out of existence. But the solution might have to be military.

But unfortunately much of the US owned industrial interests in Mexico are in cartel controlled territory. This is the beauty of the new tariff that perhaps you didn’t see. Trump is sending a message that if you play nice with the cartels, he isn’t going to play nice with you. And these tariffs are going to hit the cartels harder than they will hit the legitimate government of Mexico.

I predict there is military action coming, with the US invading Mexico to kill anyone who looks like a cartel member and a lot of collateral damage, with the Mexican army making sure they cannot escape to the south. That’s what you get when you aren’t allowed to build a wall.

And understand that the movements who are opposed to the wall are funded by the cartels. For what reason would anybody who lives in New Jersey care one way or another whether or not there was a wall? They don’t. Does the average American think a million plus illegals a year is a good idea? They don’t. Nobody even has an idea where to put them or how to feed them. It’s a bad idea. But the cartels make money so until they get shut down it won’t stop.

Trump has already move some army units to the border. This tells you how it will ultimately end. The cartels will stop human trafficking or bombs will fall. The new tariffs are just a nice way of saying this.

#67 marcus on 05.31.19 at 8:00 pm

Trump will win in 2020. Never doubt this fact. The UN and the United States are now calling on Canada to “do her part” by taking in thousands more economic migrants from Central America. Canada will get the chance to walk the walk and not just talk the talk. Have fun with that. LOL!

#68 wallflower on 05.31.19 at 8:05 pm

Just attended graduation of spawn.
Yep, the peers aren’t sticking around.
They don’t see a future in GVA.
Smart laddies.

#69 Dolce Vita on 05.31.19 at 8:08 pm

#46 PastThePeak

NO. They don’t jump around. It is not Rocket Science nor is it Voodoo.

You have different GDP type reporting. Read my response to #42 JonBoy OR, and again:

Our digitally challenged Cdn. MSM does not know the difference between:

1. GDP basic prices (what is reported every month) and

2. a different accounting of GDP based on income and expenditure (comes out every Quarter).

Today’s “The Daily” GDP income and expenditure (Quarterly, different accounting):

https://www150.statcan.gc.ca/n1/daily-quotidien/190531/dq190531a-eng.htm

The “Usual” GDP report, basic prices, we get every month:

https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=3610043401

—————————–

American 1920’s Cowboy Philosopher Will Rogers was correct:

“All I know is just what I read in the papers, and that’s an alibi for my ignorance.”

Why nowadays you have to check “the papers”…for their ignorance.

#70 Flop... on 05.31.19 at 8:12 pm

So you’re on a deserted island with only Donald Trump as company.

Choose one item to you take with you…

M44BC

#71 Polite Canadian Millenial on 05.31.19 at 8:14 pm

Trump is not dumb.

Rex Tillerson’s ExxonMobil has successfully drilled for oil which should have been in Venezuela’s territory, discovering almost 6 billion barrels of sweet crude offshore Guyana.

Trade wars lead to lower oil prices, and although Exxon-Mobil has a history of robbing poorer 3rd world countries, at least they have an excuse to produce from 100,000 barrels daily to 1,000,000 daily by 2025, and shipping almost all of that oil to nearby Trinidad for refining and shipping to Texas.

#72 paracho on 05.31.19 at 8:15 pm

Great article !
I really do wish I was this couple .
Born and raised in Toronto to Croatian immigrant parents . Been in Woodbridge over 30 years now .
Have a thing for east coasters and that part of Canada without ever visiting . The place sounds idyllic and I think they can not go wrong living so close to a hospital and work and only 1 hour from Halifax .

#73 Dolce Vita on 05.31.19 at 8:18 pm

On Trump, someone should:

Put duct tape over his mouth so he can’t speak and staple his hands to his sides so he can’t type.

Secretly (Liberal me) likes that he wants to bring back manufacturing jobs that were obviously lost and exported to China and other NIC’s and is not afraid of tariffing the dung out of these countries to do that.

I also like that he delivers on his promises to his faithful. Rare nowadays. Just look at the PUTZ we elected in 2015 and compare on the promises made vs. delivered to Trump.

And I like his non-PC verve. Pretty much sick of these Social Scientists running around all day long telling me what I can and can’t say in a supposed Free Speech Country. He thumbs his nose at these Progressives and I like that VERY MUCH. There. I said it. Liberal me.

BUT, and it’s a BIG BUT, my less than modest S&P 500 investment account wishes he would:

STFU.

#74 acdel on 05.31.19 at 8:20 pm

#54 Linda

Fair enough points; I said that I was not going to comment on my thoughts but you have insisted that I do with your comment. Last one!

All I can say is that we agree to disagree; it is a large world out there and every country wants what is best for them, why not the U.S.? Why not Canada? It is called leadership and vision.

#75 AGuyInVancouver on 05.31.19 at 8:37 pm

#66 Nonplused on 05.31.19 at 7:48 pm
Well Trump did say he was going to make Mexico pay for the wall….

As much of an unpredictable person as Trump is, one cannot conclude that his interpretation of certain problems is incorrect. On the immigration issue, he is 100% correct that illegal immigration is a problem (that’s why it’s illegal) and the problem has reached crises levels. He does seem to be floundering as to how to fulfill his mandate to protect the boarder with the Dems impeding his every move or proposal for political purposes. But as President he is obligated to defend the boarder. He has to try something, anything, within his jurisdiction as president.

And let’s keep things in perspective. Trump’s wall as originally proposed would have cost less than one new aircraft carrier, which can’t operate because the new technology for launching and recovering planes doesn’t work. And it would actually do something besides float around menacing third world nations with oil…

_ _ _
You lost whatever shred of credibility you had when you started quoting your Orange Idol’s blathering nonsense about steam catapults on aircraft carriers.

#76 Ace Goodheart on 05.31.19 at 8:38 pm

135k and they need a mortgage? That’s literally pocket change. Who are these people? They work in health care? Doing what, emptying out the bed pans?

Trump has found a toy to play with and it is the emergency tariff for national security reasons. Give a baby a rattle…

Yeah populism. Works great. Way to crash an economy.

Oh well. Fordsie II just cancelled some other hair brained Liberal million dollar a year slush fund program.

4.5 billion left to go….

#77 Ace Goodheart on 05.31.19 at 8:56 pm

Golden State, the former underdogs turned b-ball institution, with a sketchy history and a rise to fame that mirrors that of their opposition, the who the hell are they, where the bleep is Toronto Jurrasic park “Raptors” named after a bad 1990’s movie, have lost their first game.

Drake, the former mascot of the Raptors, is of course actually a life long Golden State fan (who has the tattoos to prove it) is strangely silent.

What will happen?

I predict a Toronto win.

Basketball is the game of underdogs.

Impossible to fix, it is one of the only remaining “pure sports” in the major leagues.

When a team wins, it unleashes forces that transcend a city, in other words, it’s the party of the year.

And B-ball ladies are way hotter than hockey groupies.

Save the date.

The Toronto Velociraptors will win in Toronto.

Might be the party of the century…

#78 Scott Debois on 05.31.19 at 9:06 pm

Oh Buoy is missing on this subject. Lol, pay more and shut up. This is what Liberals and NDP, left and others say when they keep financially stealing all our hard work, sweat, blood with high taxes, fees, C$ devaluation 73 cent dollar crap, carbon taxes, property taxes, environmentally induced electricity prices, health taxes, eco fees, gas taxes, excise taxes, sales taxes, sur taxes, liquor taxes, cigarette taxes, beer taxes, levies, tobacco taxes, land transfer taxes, income taxes, development costs, etc..

Trump, tariff them until they explode with rage, yeah!!!!

#79 Dolce Vita on 05.31.19 at 9:12 pm

One last Comment.

Someone a few days ago wished I would not call Merkel “German Hillary” ala Trump caricature image by some unnamed source (I liked it that they had Trump also say he would slap her Canadian GFF Justin).

Well here is German Hillary, supposedly the Center Right Leader in almighty Deutschland, delivering a dichotomous speech at Harvard, article title then link:

“Harvard celebrates Angela Merkel as a liberal hero.”

https://www.washingtonpost.com/world/2019/05/31/harvard-celebrates-angela-merkel-liberal-hero-many-liberal-germans-disagree/?noredirect=on&utm_term=.985cdcecfe57

OR Center Right Merkel pleasing Lefty Progressive CNN to no end by rebuking Righty Trump:

“Angela Merkel to Harvard grads: ‘Tear down walls of ignorance and narrow-mindedness'”

https://www.cnn.com/2019/05/30/politics/angela-merkel-harvard-speech-walls/index.html

————————-

Merkel, a sheep in Wolfsburg clothing.

Here’s that GH Angela, Justin and Trump caricature image:

https://knowyourmeme.com/photos/1382718-donald-trump

Why I call Angela GH, because she is.

Deeds and actions speak louder than words OR some people will do and say anything for an honorary degree.

-Over and out.

#80 Deplorable Dude on 05.31.19 at 9:13 pm

And yet……for all the ongoing lamenting, and wailing, and gnashing of teeth over trade wars…..the US economy is roaring….

Effectively zero unemployment.
GDP north of 3%
Record high stock market.
Record high business confidence

Americans actually pay the tariffs….Yep….

Trump doctrine…Buy American or pay the tariffs….

I bet BMW is really pleased it just finished a $2B factory in Mexico…..lol…we might see German troops on the border.

Trump has a failed Narco state on his Southern border. Mexico has to choose Trump….or the Cartels…who do very nicely thank-you from the drug and human trafficking trade.

Can Mexico overcome the Cartels who own every politician and police officer….and probably many southern US officials as well….

A quick back of napkin calculation shows the tariffs would pay for the wall in about 3 months…..if the tariffs get to 25% Mexico will be destroyed…they ought to just build the wall now for Trump….

#81 Flop... on 05.31.19 at 9:23 pm

#70 Flop… on 05.31.19 at 8:12 pm
So you’re on a deserted island with only Donald Trump as company.

Choose one item to you take with you…

M44BC

///////////

#73 Dolce Vita on 05.31.19 at 8:18 pm
On Trump, someone should:

Put duct tape over his mouth…

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

O.k, I’ll mark your one item down as duct tape…

M44BC

#82 PastThePeak on 05.31.19 at 9:33 pm

#69 Dolce Vita on 05.31.19 at 8:08 pm
#46 PastThePeak

NO. They don’t jump around. It is not Rocket Science nor is it Voodoo.

You have different GDP type reporting. Read my response to #42 JonBoy OR, and again:
….
+++++++++++++++++++++++++++++++++

If you read my post again, I referred to the “published” monthly job/gain figures. And yes – they do jump around much more than US figures.

#83 not 1st on 05.31.19 at 9:37 pm

Its hilarious the hypocrisy of the lefties. Ooooh tariffs bad but carbon tax good. Both are meant to change negative behavior. Trump just took the lefts idea and applied it to the entire world.

#84 Dolce Vita on 05.31.19 at 9:45 pm

One last Comment.

I lied.

#70 Flop…

To your question:

————-

1st choice:

Can-opener (Google Search inside Economist, not the magazine, joke*).

————-

2nd choice:

Duct tape.

————-

3rd choice:

Solar powered staple gun.

————-

* https://en.wikipedia.org/wiki/Assume_a_can_opener

Why Benjamin Tal, et. al. should not be believed.

Finally, I got to work a near HOMOPHONE in a Comment…and no people do not take secret Artistic Licence with that word, Google Search its meaning instead.

Like the Real Mark, the Real “Over and Out”, unless someone baits me.

#85 Remembrancer on 05.31.19 at 9:47 pm

#70 Flop… on 05.31.19 at 8:12 pm
So you’re on a deserted island with only Donald Trump as company.

Choose one item to you take with you…
———————-
Does a pair of ear plugs count as one or two?

#86 Gravy Train on 05.31.19 at 9:48 pm

#47 Re-Cowtown on 05.31.19 at 7:05 pm
“[…] But I’ll keep an open mind.” It’s not just open; it’s vacant! :P

#87 Shawn Allen on 05.31.19 at 9:55 pm

GDP

Here is my understanding from quite a few years of looking at GDP numbers and reports.

I believe the two main types of GDP measurements are:

1. Input based. This is which industries and (yes) government operations produce the GDP.

2. Consumption based. This is who consumes the GDP or where it goes and there are only a few categories.

Personal consumption
Government consumption
non-profit consumption (a tiny category)
Net exports (usually tiny as it is large amount of exports minus a large amount of imports)
Investments in long-lived assets

In theory both sum to the same number.

In practice both are made up of a pile of inputs and subject to error.

Both may be presented in nominal dollars or something stats can calls 2012 chained dollars (not to be confused with real dollars).

Reports of increases in GDP are virtually always done on a REAL basis after deducting inflation. If you take nominal GDP March 2019 and compare it to nominal March 2018 that percent difference would be nominal growth and GDP percent growth is virtually never presented as nominal growth but again always real after deducting inflation.

In any case (real) GDP growth in Q4 and Q1 was small. That seems certain.

I put little faith in the accuracy of the 100k jobs add in April. The household jobs survey is subject to big errors. Franky that number was ridiculous on its face.

#88 Remembrancer on 05.31.19 at 10:00 pm

#4 Smartalox on 05.31.19 at 5:05 pm
Why is the US President pictured riding on a Russian tank?
——————-
T-80? Though the spare bogie wheel on the turret seems like artistic license…

#89 Rexx Rock on 05.31.19 at 10:06 pm

Buy on the pullback? Maybe ,I”d wait.Anyway a balanced portfolio will be ok. The fed has got our back !The USA has done everything for the evil criminal banksters.The bank bail ins,trillions in debt and money printing,Zirp,stock buy backs,QE 1,2,3 and 4 thats coming.Why would anyone be afraid about a little down turn in the stock market.Be strong,Garth says no 2008 coming and he’s called everything right so far.

#90 BC Renovator on 05.31.19 at 10:20 pm

#31 The Dogg Pound – BC Housing is Crashing on 05.31.19 at 6:18 pm
Nice if you can get the job in a smaller place. Easy to get that job if you are in health care. The only real employment numbers in BC are in the lower mainland.

Vancouver will be cheap soon. How cheap? 58% more cheaper from today’s prices.

More than 120 recommendations delivered to tackle money laundering in B.C.

Game over. You can view the database online for progress made (complete, word underway, etc.).

It is over with BC. Not like you have not been warned for the past several years for those wanting to cash out.

Up next, major slowdown and job loss.

_____________

Please provide source or how you got 58%?

#91 salonist on 05.31.19 at 10:25 pm

trump is the goat

#92 NEVER GIVE UP on 05.31.19 at 10:43 pm

#10 Gregor Samsa on 05.31.19 at 5:14 pm
Meanwhile, back in dismal reality, people are still leaving the country side for the cities because there are no private sector jobs or opportunities. Canada’s goods producing economy continues to be gutted by globalism (that thing the bad orange man is also against).
================================

Sorry to correct you but just try and open a factory in a Nimby infested country of self centered Crusties!

Canada does not want factories unless they are clean, quiet, and nowhere to be seen! If you can get one up and running you are overrun with regulations and tax obligations so onerous that you have to have an army of Accountants and Lawyers to wade through the soul sucking BS!

I would love to open a factory here in Canada but I know that I am much better off leaving China with the dirty business and just receiving containers of nicely finished products instead!

I visited 12 factories in Vietnam and found that they just weren’t competitive. Even with the tariffs of 25% to the USA from China I found the Chinese were much more efficient and better businessmen overall.

Even if I had to make my products here, I would hop over the border to do it at half the price.

Our young people are mostly busy with High Tech jobs, clean office work and the rest are flipping burgers. Few of them will staff the factories if they ever came back!

We don’t need drudge work with our high educational standards. We need to move forward with Space exploration, health care breakthroughs, AI, and making trains and planes. We don’t need “Clean Coal” as the simpleton president calls it!

Think Carbon Nanotubes and Health Care Nanobots, not Plastic injection machines making plastic pails.

#93 The Totally Unbiased, Highly Intelligent, Rational Observer on 05.31.19 at 11:01 pm

“Over to you, deplorables.”–GT

Okay, thanks Garth.

I don’t have much time at the moment, but I’ll try to correct some of your grosser typographical, factual, moral, and philosophical errors.

First of all, Garth, you need a better editor. Donald J. Trump is not a “one-man presidential wrecking gang.” He is a “one-man presidential repair man and builder extraordinaire” who is busy diligently fixing many important things that should have been fixed years ago already by other presidents who came before him. Unfortunately, they all lacked the courage, boldness, determination, wisdom, stamina, common sense, patriotism, love of country, grand vision, etc. that President Trump obviously has in simple abundance.

President Trump is simply carrying out his election promises to build a defensive wall of protection from violent, drug-addled criminals intent on robbing, raping, and murdering, and to bring manufacturing jobs back to the USA. Making Mexico pay for the sensible, decent, good, beautiful, moral wall is entirely reasonable. The Mexicans might try to resist at first, but The Donald is irresistible, and will make them an offer that they cannot refuse.

Also, why worry about the internal affairs of the Democratic People’s Republic of Korea (sometimes called North Korea)? Notice that you can tell from its official name that it is a democracy, just like the sort that Canada seems to be turning into. There can be no doubt that Kim Jung Un was…um…“duly elected” and has a “right to choose” who he wants to be around and who he does not. Who cares if Kim Jung Un fires his own accomplices for not working hard enough at the negotiations? The Donald is virtually unbeatable at negotiations. Kim Jung Un will have to fire a lot of his own accomplices for failing him. The USA can save a lot of ammo by letting Kim Jung Un fire his own under-performing accomplices with his own ammo.

Canadian Prime Minister Justin Trudeau wants to run around telling everyone, everywhere, in every country, that women have a so-called “right to choose.” Of course, not everyone agrees with him, and some might say that one of Canadian Prime minister Justin Trudeau’s favourite dirty tricks is to try to pass off all of his own perverse values as “important Canadian values.” Maybe Kim Jung Un thinks that he has a “right to choose” life and death too, just like so many Canadian women think they have. Maybe it is an “important North Korean value.”

#94 NoName on 05.31.19 at 11:22 pm

#70 Flop… on 05.31.19 at 8:12 pm
So you’re on a deserted island with only Donald Trump as company.

Choose one item to you take with you…

M44BC

I’m thinking Stormy Daniels would be much more fun than bottle of Jack Daniels.

#95 canuck on 05.31.19 at 11:24 pm

BREAKING: Turner hates Trump and suffers from a serious case of TDS. Apparently, former VP Biden’s attack on a sitting President while standing on foreign soil doesn’t count because a foreign leader wasn’t within earshot. Do I understand that correctly, Garth?
When do we get to read your take on Biden accomplishing absolutely nothing as a career politician that includes 8 years in a position of being a heartbeat away from the Presidency… I mean other than cursing into a live mic and telling a soldier in a wheelchair to stand up?

Have a look at the changing landscape across Europe and the world for that matter. Globalism is on it’s way out and nationalism, often confused as racism by liberals, is in. John Q public… who don’t have investments and will not be able to retire comfortably, have had enough of getting bent over a chair. That’s why Trump got elected, not because he’s a stand up husband or father. No one cares about that other than triggered left wing nuts.

Have a great weekend!

#96 NoName on 05.31.19 at 11:29 pm

Tank is m1a1/a2 abrams, proppeled by jet engine, gets .6 mpg like my lawnmower…

#MURICA

#97 Terry Santiqua on 05.31.19 at 11:29 pm

Trump keep adding those tariffs because all the other presidents were just thinking about their own foundations and money grubbing for their family and friends. U.S.A. is #1.

#98 Old gringo on 05.31.19 at 11:36 pm

I guess it’s about time to serve all the deplorable’s that voted this idiot in!
The main course is of course “ crow” and you can help yourselves to as much as you want.
Enjoy

#99 Ponzius Pilatus on 05.31.19 at 11:45 pm

#34 Yukon Elvis on 05.31.19 at 6:26 pm
Mexico allows the illegals to enter and cross Mexico illegally. Mexico would arrest, imprison, or deport you or me if we tried the same. Trump is not a pony ridin’ virtue signalling tug boat operatin’ libtard. He is doing what he can with no help from the Democrats or the Mexicans. I wish him luck.
————
I think that the Mexicans who are trying to reclaim land stolen from them will prevail.
Just too many of them.
Visit California and see.

#100 Ponzius Pilatus on 05.31.19 at 11:52 pm

#48 Nonplused on 05.31.19 at 7:07 pm
#138 cultural elitist (yesterday)

Reading is a great way for the masses to acquire the knowledge of the brilliant, but unfortunately the masses aren’t interested in reading anything other than “50 Shades of Grey” or “Game of Thrones”. So unfortunately all reading does is further separate the dumb from the smart. Often by a much larger margin than would exist if there were no books on learned subjects.

“And he answered them, “To you it has been given to know the secrets of the kingdom of heaven, but to them it has not been given. For to him who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away.”

– A Jewish Rabbi
————
Are there Rabbis who are not Jewish?

#101 Flop... on 06.01.19 at 12:15 am

Flop’s Deal of the week.

One of my neighbours just sold, so I’ll give them some local loving.

The details…

5186 Fraser st.

Originally asking 1.38

Assessment 1.28

Just sold for 836k

35% below assessment at the bottom of the Vancouver ladder.

Totally liveable.

Get some dirt under your fingernails.

Pablo, can you hear me.

Pablo?

Are you o.k Pablo?

Someone call 911, Pablo just passed out…

M44BC

https://www.zolo.ca/vancouver-real-estate/5186-fraser-street

#102 Leo Trollstoy on 06.01.19 at 12:18 am

If ppl paid attention to Garth 10 yrs ago and purchased US rentals when the CAD was at par, they would be laughing today

Like this: LOLOLOL!

#103 GK on 06.01.19 at 1:10 am

Great post, thanks Garth. Epic GIF.

#104 Leichendiener on 06.01.19 at 1:24 am

“The economy, stupid”, which James Carville had coined as a campaign strategist of Bill Clinton’s successful 1992 presidential campaign against sitting president George H. W. Bush.

Just a thought about 2020.

#105 Smoking Man on 06.01.19 at 1:50 am

64 acdel on 05.31.19 at 7:44 pm
Here is another one for Smoking Man. :)

https://www.dailymail.co.uk/sciencetech/article-7091661/Former-head-secretive-government-UFO-program-set-reveal-new-documentary.html
….

On Nov 7th 2016 when I published the Deplorables by the dyslexic smoking man. It would not make sence. Today if you read it.

You would be going holy shit.

Tic Tack = Orange plasma flyer.

#106 fishman on 06.01.19 at 2:18 am

The Trumpster’s mess? Thats the whole point. Always action around the Trumpster. Dangerous, but danger breeds opportunity. I’d be so bored without the Trumpster. I’m a believer. I’m all in & its looking better every day. And I’m not tired of winning. This is a fun ride. Missing out is far worse than losing out. Especially with guys like me & the SM taunting the losers.

#107 Bo Diddley on 06.01.19 at 2:35 am

Ain’t seen nothing yet, Garth.

The IMF said the ride down starts by the second half of this year. By 2020, watch out. All bets are now off. Karl Denninger over at market-ticker.org estimates that between 2020-2023 is when the BIG ONE hits. And its coming. You simply can’t escape the laws of mathematics. $260 TRILLION is what the global debt now stands at folks. In other words, the debt is now 3 times greater than then entire global GDP.

#108 ANON on 06.01.19 at 2:43 am

Dogs are great
beer is good
people are crazy

If I may object:
Cats are great
Whiskey is good
People are human

#109 OffshoreObserver on 06.01.19 at 2:47 am

DELETED

#110 Paul on 06.01.19 at 3:58 am

#13 & 46

Where do your numbers of 800K crossing the Mexico – US border come from? Do you have a credible source that you can link to? My understanding is that the numbers are down year/year and have been for some time.

No need to pay $14 for a head of lettuce. A package of lettuce seeds costs $2-4. Just grow your own.

#111 Built to Spec on 06.01.19 at 5:09 am

Regarding the Mexico tariffs, you can’t just focus on economics, as important as it is. Illegal immigration is a much bigger, existential issue.

Here is a young conservative’s view lauding Trump’s move:
“This Is the Donald Trump We Elected to Lead Us out of the Illegal Immigration Crisis”

https://townhall.com/columnists/charliekirk/2019/06/01/this-is-the-donald-trump-we-elected-to-lead-us-out-of-the-illegal-immigration-crisis-n2547237

Regarding the Biden statement, which you say: “… the first time anyone could remember an American leader openly dissing a fellow legislator on foreign soil, before a foreign leader”.

You don’t provide any reference – it looks like it never happened, totally fake news which you and many others jumped on driven by Trump hatred, as explained here:

“A Disturbing Glimpse Into The Manufacturing of Fake News” by Ken Blackwell

From the article:

“President Trump’s enemies are providing yet another disturbing glimpse of the veritable fake news factory into which the mainstream media has morphed.

Late last week, Ian Bremmer, one of the most well-known foreign policy experts in America, tweeted a made-up quote from President Trump without offering any indication that the statement was fictitious. “President Trump in Tokyo: ‘Kim Jong Un is smarter and would make a better President than Sleepy Joe Biden,’” Bremmer wrote, providing no further context.

Predictably, the fake news twitterverse took the quote at face-value. Journalists and lawmakers alike went on to share Bremmer’s tweet, blasting President Trump for a statement he never made.”

Read the whole thing:

https://townhall.com/columnists/kenblackwell/2019/05/31/a-disturbing-glimpse-into-the-manufacturing-of-fake-news-n2547145

Lastly, Trump is the only president to actually try to do something about the serious problem of a nuclear North Korea. Everybody before him just kicked the can down the road.

Please stop saying he “fawns” over Kim Jong Un. Of course he has to be diplomatic, especially when meeting in person. Being diplomatic is not fawning. If you want to see fawning over dictators, look no further than the left/democrats who love them.

Love your real estate and finance insights, hate when you get into (U.S) politics!

#112 Glengarry Girl on 06.01.19 at 6:06 am

I am heading North, back to my home in Canada. It’s about this time of the year that I have had enough of America and I need a break. It’s disturbing to read that there are so many Deplorables in my own Country. I will do my best to avoid them.

#113 Ustabe on 06.01.19 at 6:51 am

So…not unlike many posters here I have it all figured out.

1) Get a job, any job, at your local airport.

2) Find a moderately priced hotel nearby that offers an airport shuttle.

3) Move in on a monthly plan.

4) Reduce costs by taking housekeeping bi-weekly, doing night audit, apply your areas of maintenance ability to wherever you can, etc.

5) Whammo, bammmo…no property tax, no cable bill, no HOA, no utilities, no lost opportunity cost.

6) Interesting new neighbors on the regular, a bar very close by, free transportation to work and back, free WiFi, nice big TV provided…the list is almost endless.

7) Bonus if the facility has a pool and gym, sauna, etc.

Remember kids, boys and girls, it is not immigrants taking your jobs. Nor is it robots taking your jobs. Neither is it off shoring that is taking your jobs. It is the CEO’s and business owners that are giving your jobs away.

Develop your strengths, don’t dwell on other’s weaknesses.

Like Dolce Vita, more as it occurs to me.

#114 Y. Knott on 06.01.19 at 7:24 am

DELETED

#115 Re-Cowtown on 06.01.19 at 7:50 am

#86 Gravy Train on 05.31.19 at 9:48 pm
#47 Re-Cowtown on 05.31.19 at 7:05 pm
“[…] But I’ll keep an open mind.” It’s not just open; it’s vacant! :P

++++++++++++++++++++++++++++++++++

Thanks for the easy win! You don’t have anything to contest what I say so you stoop to insults.

Game, set and match point for Re-Cowtown. FYI, insightful views and comments are always lively and interesting, even if I may not agree with them. Insults are boring.

#116 Remembrancer on 06.01.19 at 8:05 am

#111 Built to Spec on 06.01.19 at 5:09 am
Please stop saying he “fawns” over Kim Jong Un. Of course he has to be diplomatic, especially when meeting in person. Being diplomatic is not fawning. If you want to see fawning over dictators, look no further than the left/democrats who love them.
————————————————
Got any of your left/democrats on record actually literially saying ‘they love’ a dictator.

https://www.theguardian.com/us-news/video/2018/sep/30/he-wrote-me-beautiful-letters-and-we-fell-in-love-donald-trump-on-kim-jong-un-video

This is really master level diplomatic behaviour…

#117 not 1st on 06.01.19 at 8:36 am

#112 Glengarry Girl on 06.01.19 at 6:06 am
—-

Sorry to disappoint you but us deplorables are working hard to find a job that Trudeau and his team of misfits is qualified for. We should have something for him on Oct 21.

#118 crowdedelevatorfartz on 06.01.19 at 8:58 am

@#101 Flop
“5186 Fraser st.

Originally asking 1.38
Assessment 1.28
Just sold for 836k
35% below assessment at the bottom of the Vancouver ladder.”
******

This market still has a lo-o-oong way to go down.

“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning….”

Winston Churchill

#119 Redge Willsome MD on 06.01.19 at 9:19 am

One Tariff closes (Canadian Steel), Another Tariff starts (Mexico). All a distraction to take the focus off Mueller and Impeachment? The Tariff Man strikes again! Fresh New Tariffs and Garth should we sell or hold through this? What is Rowat telling clients? Is Lewenza still bullish? Yield Curve is starting to become relevant maybe? The Bond Market is speaking perhaps..

#120 dharma bum on 06.01.19 at 9:35 am

As it concerns the stock market:

The Trump giveth.
The Trump taketh away.
So it is written.
So it shall be.

#121 crowdedelevatorfartz on 06.01.19 at 9:45 am

@#112 Glengarry Gal
“I am heading North, back to my home in Canada. It’s about this time of the year that I have had enough of America and I need a break.”

*****

Fly little Snowbird…back to the nest.

Here’s an interesting bird nesting stat that I saw on The Nature of Things( god bless CBC, David Suzuki and damn all you Deplorable weather deniers) last night.

Eagles lay their eggs on the same day and the same hour…….. every year.

#122 Flop... on 06.01.19 at 10:46 am

Having put some serious thought into what item I would take with me on a deserted island with Donald Trump, I plucked one from left field.

Tapioca pudding.

Should be worth at least 10 minutes of entertainment.

First 5 minutes I would explain to him how the dessert did not come from the deserted island.

Next 5 minutes I would spend rolling in the sand as he butchered the word Tapioca…

M44BC

#123 Yuus bin Haad on 06.01.19 at 10:50 am

Trump is the new Mike Harris

#124 The Great Gordonski on 06.01.19 at 11:03 am

Justin Trudeau now being referred to as a ” open borders loon” in American media.

How the mighty have fallen.

http://www.wnd.com/2019/05/revoke-ilhan-omars-marriage-fraud-immunity-card/

#125 ALFRED E. NEUMAN on 06.01.19 at 11:23 am

Garth, I’m just wondering ..

d’ya think possibly, tRump makes these outlandish statements knowing full-well their impact on the world markets, and then advantages these intended swings to feather his own (and his family’s/friends) investment wealth?

Timing his impact on the “buy lows” & the “sell highs”?

‘Cause I wouldn’t put it past him to strategize thus.

But perhaps I’m just giving this feller too much credit?

#126 NoName on 06.01.19 at 11:26 am

#112 Glengarry Girl on 06.01.19 at 6:06 am
I am heading North, back to my home in Canada. It’s about this time of the year that I have had enough of America and I need a break. It’s disturbing to read that there are so many Deplorables in my own Country. I will do my best to avoid them.

—-

Recently i purchased book public truths and private lies, it studies fenomenomenom of heardonomics(tm). Out of many people that i am in touch with every day only one, yes 1 ONE, that would openly condemns “deploralisam” in any form, and rest of them including many of “fresh of the boat immigrants” are fine with many things that what is happening.

Years (2002-2007) back on msn or yahoo there was an article about study of accuracy of information in a news, that covered original study done 1998 and following study in 2002 if i remember correctly, study in 98 “people” wanted news to as objective and truthful and objective as possible, while follow up study found that “people” wanted as many information as possible regardless of accuracy and trustworthynes and they would pick out what they think what is a correct. Now when you add education level, peer group and reise of llateral information movment to all this you can see how things cam get out of hand quite quickly for every one.

Same thing happened with music, did you notice rapid raise of country and rnb music, rock/metal music is almost nowhere to be found. What is interesting how psychology science crept in music, if you pay attention you can hear how new hits are almost the same. Here is an example.of.country songs if you look on internet you can find same for pop music. Its no coincidence that max martin wrote most eve hit songs.

https://m.huffingtonpost.ca/2015/01/09/pop-country-song-mashup_n_6444456.html

Now couple all that with shit free and somewhat ok private education, and luck of oportunity, wages bearly keeping up with infration for working stiff and what you see around you is what you get, all what you see is unintended consequences of many years of “inteligencia” doing what right for people.

Any of those two videos will do. You can thank democratic party for electing a their opponent. Robert Reich former secretary of labour.

https://youtu.be/5xflVUa4M_8

Here is shorter version of it, but i would recommend strongly to watch both of them, because longer wesion is more sincere in my opinion.

https://www.bnnbloomberg.ca/video/2~1452943

And this ted talk about fake news ted talk, and if you gargle her there are lots of longer videos on same topic.

https://youtu.be/UQcCIzjz9_s

Did i just typed all this and stated the obvious…

#127 Ponzius Pilatus on 06.01.19 at 11:37 am

When Hitler occupied Czechoslovakia, he instantly ordered that cars had to drive on the right side.
Many people think that’s what’s good about dictatorship.
Just do It!

#128 The Great Gordonski on 06.01.19 at 11:54 am

DELETED

#129 fishman on 06.01.19 at 12:22 pm

Awe, Come on now Glengarry Girl, be truthful. Wouldn’t you have more fun hanging around my bar with a crew of fishermen, longshoremen,tradesmen,movie grunts,teamsters, tugboat skippers,ex smugglers, ex dope growers,ex cons,washed up has been sailors, beer drinking, Canucklehead supporting, deplorables. Bonus, if your good looking your drinks are free & we’ll pretend to listen to your point of view.
I mean emoting with ,awoke LGBQXYZ hyper sensitive,perfectly indoctrinated, socially acceptable, gender fluid, artistically aware, coiffed, feminist men that share your perfect horror of the Trumpster gotta be boring. What comes next? Where’s the sexual tension? Great, you’ve found another puppy dog who’s a Trump hater like yourself.
Women are hard on men who roll on their back, pant & slobber,” pet me,pet me, scratch me, master.”

#130 Slim on 06.01.19 at 12:38 pm

Ponzius Pilatus:
When Hitler occupied Czechoslovakia, he instantly ordered that cars had to drive on the right side.
Many people think that’s what’s good about dictatorship.
Just do It!
————————————————————————————————
And many didn’t seem to care or want to know about the cattle cars jammed full of people, that were headed east. If we think that this can never happen in America, then we need to wake up! The Civil War cost almost a million American lives. Many would argue that the it never really ended back in 1865.

#131 Beckyalis on 06.01.19 at 12:42 pm

Hi mr. turner, 24 year old millennial here, open borders, with trump always on a rampage about something. Should Canada and the United States have open borders to help people out? I’m asking you because your an above average person to ask with all the experience you have had working with the government,
Thanks
Becky

#132 Hawk on 06.01.19 at 1:07 pm

<<<>>>

Hmmm given that CNN, MSNBC and all of MSM has told us umpteen times that Trump has a problem with women and minorities………isn’t it time they now pointed out that he also has a problem with old white guys.

#133 Dissident on 06.01.19 at 1:32 pm

After reading your blog post titled “Perspectives”, I wanted to chime in that as a Xennial (and occasional commenter here) who mends her own clothes by hand (I just fixed a sweater, leggings, and two jackets), is patching her shoes instead of buying new ones, never buys Starbucks, never owned a car, never took on excessive debt, never lived outside her means…never in my life did I think I would be signing up to get a HELOC. (Ah, your ears perked up). What’s it for? Costly IVF expenses. That’s right. Already burned through $16,700+ on a failed partially government “funded” round. Like many Xennials/Millennials, we waited too long, and, we both have contributing factors. And, here’s a real perspective-maker for you – if we never got into the housing market, we’d probably never have that kind of equity to dip into, in a time of need. Otherwise, we’d be stuck with a LOC at double the interest rate, and likely, half the capital. It also means we can’t sell our current abode until we’ve paid off the HELOC in full, as you can’t sell a property that has a lean on it. So, we’re stuck here, until we suck up the HELOC cash, and until we spew out the funds to pay it back. But on the plus side, we can continue our IVF attempts. Let that be a lesson to all the moisters out there – you don’t know what you don’t have until you try to have it. And, there are pros to owning. Yes, I know, this comes on the tail of the government ads to “not use your home like a bank machine”, I get it. But sometimes, life happens.

#134 Robert Ash on 06.01.19 at 1:38 pm

What would most Investors do today with a large cash balance on hand… Wait or Invest now?… Sure seems, as a Neophyte, that waiting is the simpler and safer of Options. I don’t think I am alone in this thinking… Such major disruptions, on the horizon… it is hard to factor in all the moving parts…Oh well, the sidelines, sadly appear to be the best view point…

Are you investing for the next six months or two decades? There’s your answer. – Garth

#135 oh bouy on 06.01.19 at 1:52 pm

@#95 canuck on 05.31.19 at 11:24 pm

Have a look at the changing landscape across Europe and the world for that matter. Globalism is on it’s way out and nationalism, often confused as racism by liberals, is in. John Q public… who don’t have investments and will not be able to retire comfortably, have had enough of getting bent over a chair. That’s why Trump got elected, not because he’s a stand up husband or father. No one cares about that other than triggered left wing nuts.

________________________________

I think you may be the wingnut that is triggered LMAO

#136 Gravy Train on 06.01.19 at 1:54 pm

#115 Re-Cowtown on 06.01.19 at 7:50 am
“Thanks for the easy win!” Sure, but what did you win? You’re still the angry, miserable ‘deplorable’ you’ve always been, blaming others for all your life choices, and worshiping a hate-monger bent on division, not unity.

“You don’t have anything to contest what I say so you stoop to insults.” You left me so much manure to shovel that I just threw up my hands. Conspiracy theorist much?

“Game, set and match point for Re-Cowtown.” Again, what did you win?

“FYI, insightful views and comments are always lively and interesting, even if I may not agree with them. Insults are boring.” I could flick on the lights for you, but you’d still be left in the dark! :P

#137 whiplash on 06.01.19 at 1:54 pm

#131 Beckyalis

Hi Becky, search U.S. Border Patrol Southwest Border Apprehensions Fiscal Year End 2019. This area only represents San Diego to Big Bend Texas. Then maybe rethink your question.

#138 Alice on 06.01.19 at 2:05 pm

recently moved to Montreal. Though it is a bit crazy or more expensive than I thought, but still much cheaper than Toronto. Not happy about the tax%, but I hope it is a balanced act for the move.

#139 Courage on 06.01.19 at 2:10 pm

I’ll say it. I wish I was them….

#140 Glengarry Girl on 06.01.19 at 3:32 pm

#126 No Name

Appreciate your analysis, I read a lot too. I’m a big believer that Inequality is a major contributor to our current state. The Deplorables feel left behind, frustrated, their masculinity is threatened, they have anger toward Women and they blame Immigrants. Its best to avoid them all together, not worth trying to have an intelligent conversation or being logical. They will be left behind as we evolve.

#141 45north on 06.01.19 at 4:13 pm

Flop: 5186 Fraser st.
Originally asking 1.38
Assessment 1.28
Just sold for 836k
35% below assessment

I was in Vancouver, last week. 35% below assessment makes sense to me.

#142 Lorne on 06.01.19 at 4:17 pm

#67 marcus on 05.31.19 at 8:00 pm
Trump will win in 2020. Never doubt this fact.
……
Might want to check out the definition of “fact”:”a thing that is known or proved to be true.” Don’t think your statement quite makes the cut!

#143 TurnerNation on 06.01.19 at 4:42 pm

#70 Flop… on 05.31.19 at 8:12 pm
So you’re on a deserted island with only Donald Trump as company.

Yet when a Blondtourage ferrets out his position seeking alpha, and docks you’ll be saying Hey this guy ain’t so bad let’s hang homie. He can still draw ’em.

#144 not 1st on 06.01.19 at 4:51 pm

#140 Glengarry Girl on 06.01.19 at 3:32 pm
—–

Boy are you going to be in for a rare show in the next few yrs. starting with your poster boy Trudeau.

#145 Cottingham a bargain on 06.01.19 at 5:21 pm

#134Robert Ash on 06.01.19 at 1:38 pm
What would most Investors do today with a large cash balance on hand… Wait or Invest now?… Sure seems, as a Neophyte, that waiting is the simpler and safer of Options. I don’t think I am alone in this thinking… Such major disruptions, on the horizon… it is hard to factor in all the moving parts…Oh well, the sidelines, sadly appear to be the best view point…

Are you investing for the next six months or two decades? There’s your answer. – Garth
—————

Seems to me that if he is investing for the next 20 years
Then waiting 6 months , or less,for a better entry point is an equally valid answer to his dilemma.

History says that is bunk. Regardless, stocks can be higher in six months. The time to invest is when you have money. – Garth

#146 Classical Liberal Millennial on 06.01.19 at 6:09 pm

What healthcare cuts is this person referring to that cost their jobs. I call bull.

#147 acdel on 06.01.19 at 6:21 pm

#140 Glengarry Girl

Nonsense; equality has never been more equal in Canada; stop your lies, and just get off your @ass and make something of yourself instead of being a drama queen like our P.M., stop blaming men (or whomever) for your insecurities.

I am a firm believer in immigration; I am absolutely against illegal immigration. My parents came here with nothing; had no help from anyone, could not speak english, and the persevered and made a life of themselves; did I mention that they were “LEGAL” immigrants. I really dislike people like you.

#148 akashic record on 06.01.19 at 7:26 pm

#147 acdel

It’s really simple.

Politicians completely failed to resolve illegal immigration, they quietly gave up and decided that it’s all good as it is.

Keeping this issue alive annoys the hell out of them – who likes to be reminded over and over again of their own complete failure? – that’s how they made a deplorable enemy out of you.

They hope that although they can not fix illegal immigration, and none of the problems that come with it, even if their life depended on it, they can fix you, and all the others who fail to evolve and become a normal, decent human being.

#149 Nonplused on 06.01.19 at 7:37 pm

#75 AGuyInVancouver

The steam catapults work, and have for many years. Electric catapults can in theory work, but they are much more complicated and so far not very reliable. Making something much more complicated (and thus usually more expensive) with no clear benefit is usually not a good idea.

#150 Nonplused on 06.01.19 at 7:46 pm

#100 Ponzius Pilatus

“Are there Rabbis who are not Jewish?”

No, not that I am aware of. But I like to remind people that Christ was a Jew, born as a Jew, raised as a Jew, taught as a Jewish Rabbi, and died as a Jew. Did he take religion to the next step? Yes he did. He was possibly the greatest religious philosopher of all time, I think we can safely say he was. But he was a Jew.

#151 Re-Cowtown on 06.01.19 at 8:06 pm

#136 Gravy Train on 06.01.19 at 1:54 pm
#115 Re-Cowtown on 06.01.19 at 7:50 am
“Thanks for the easy win!” Sure, but what did you win? You’re still the angry, miserable ‘deplorable’ you’ve always been, blaming others for all your life choices, and worshiping a hate-monger bent on division, not unity.

“You don’t have anything to contest what I say so you stoop to insults.” You left me so much manure to shovel that I just threw up my hands. Conspiracy theorist much?

“Game, set and match point for Re-Cowtown.” Again, what did you win?

“FYI, insightful views and comments are always lively and interesting, even if I may not agree with them. Insults are boring.” I could flick on the lights for you, but you’d still be left in the dark! :P
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As I said, when you have no cogent points to discuss and stoop to insults your contribution to the discussion is over.

#152 acdel on 06.01.19 at 8:45 pm

#148 akashic record

Evolve to become decent human beings???? By taking away rights to legals who have waited years, filled out all the paper work, paid thousands so they can be held back by illegals?? Where is the fairness and human dignity in that???

#153 holly on 06.01.19 at 8:51 pm

Sure… show how brilliant you are cause it’s soooo easy… just trash the POTUS for blowing up Mr Global’s iron grip on the world.
I’m sure you’d be able to lead the US to > 3% GDP… something Obama didn’t do in 8 tries… and he didn’t have to deal with 100M snowflakes who actually believe sicking the Intel Agencies on him because The Crook lost is no big deal… or 100% negative coverage from the corrupt Corporate Media.

#154 canuck on 06.02.19 at 11:53 am

@#95 canuck on 05.31.19 at 11:24 pm

Have a look at the changing landscape across Europe and the world for that matter. Globalism is on it’s way out and nationalism, often confused as racism by liberals, is in. John Q public… who don’t have investments and will not be able to retire comfortably, have had enough of getting bent over a chair. That’s why Trump got elected, not because he’s a stand up husband or father. No one cares about that other than triggered left wing nuts.

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I think you may be the wingnut that is triggered LMAO
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Nothing screams credibility like someone who uses “LMAO”

#155 Trumpocalypse2019 on 06.02.19 at 12:13 pm

I am posting here on Sunday because there will be fewer readers and I do not want to cause panic or jeopardize the chances of at least some of us to survive what may happen soon.

There is a very high chance of an attempt to take out Donald Trump politically, or possibly literally, on his visit to the UK starting today. Chaos is everywhere over there.

https://www.nytimes.com/2019/06/02/world/europe/trump-uk-visit-may.html

https://www.independent.co.uk/news/uk/home-news/trump-uk-visit-baby-blimp-protest-london-sadiq-khan-parliament-square-a8940576.html

This could escalate rapidly into global conflict.

Prepare quietly to get away from major centres on one hour’s notice. Do not tell others of your plans.

This alert is in effect for 5 days.

PREPARE.