The treat

Blake bought a house, and being a good and guilty blog dog feels compelled to explain: “With one munchkin in hand, another around the corner and a wife filled with FOMO I finally caved.” Happens. He signed up for a five-year variable-rate mortgage at just over 3% and didn’t think about it again. Until yesterday.

“So I’m less than a year into a five year term with a variable mortgage and out of the blue, TD calls me to ask if I’d be interested in locking into a fixed rate mortgage at 2.84%. I was so confused by this I thought it was scam. I’ve never heard of banks offering cheaper rates on fixed mortgages. If my variable rate stayed flat, the savings on a 28 basis point reduction would be meaningful. I must admit I’m tempted by it, but if anything it says the most about how TD sees the future. And if they are right, a variable is probably smart.

“I’m interested to know your thoughts on (from what I can tell) is a very rare practice by a bank, what it says about the future, and how you would proceed, given your recent advice to “lock in now”.”

Interesting question in light of what the Bank of Canada’s just done. Which was nothing. No rate cut on Wednesday. No doomer talk. And there’ll be no drop in the Canadian prime rate until sometime in 2020. Why? More stimulus is not needed. The economy’s in passable shape. Inflation is back. So is the trade surplus. Lots of jobs created so far in 2019. Real estate looks stable. And dropping rates would just encourage more debt. Lord knows we have enough. So, no cut. In fact a significant number of economists agree the bank would like to see the next move being higher, not lower.

Meanwhile lenders are scrambling for business. There’s still a 1.99% two-year mortgage available in Ontario. Two-year money is out there at less than 2.5%. All the banks have dropped their five-year price well below 3%. And you can pick up a 10-year mortgage now for 2.89%, which is the lowest rate…ever.

Meanwhile in the US the Fed is still universally expected to cut its rate a little (a quarter point) at the end of the month after a string of nine increases. How come? Says analyst Ed Pennock: “These cuts are pre-emptive. They are not trying to reverse negative growth. They are “insurance” against that slowdown. Thus they are much more potent. The US will have the “wind at its back”.

Yes, just as the president wants as he hurtles toward the 2020 vote. More economic growth. No unemployment. An expansion that won’t quit. A rate cut by the Fed will goose consumer spending plus encourage the stock market to melt up. It’s Trump heaven.

What’s it mean?

No change in the prime here for the rest of the year, and probably longer. So,  no change likely in the stress test, which remains at more than 5%. Ouch. Stock markets advance to new record highs – that could happen this week. Meanwhile Blake’s variable-rate loan is unlikely to get any cheaper for a while, and possibly never. Central bankers don’t want to drop the cost of money because when things really hit the fan next time, they’ll be out of bullets. If you’ve been waiting for a significant decrease in your loan rate, stop. Not happening. Lock in. Inflation is 2.4% so a mortgage at 2.8% is damn near free money. This is a treat. A gift, Blake. Take it.

Yesterday the question was posed as to whether or not the steerage section likes reading posts by its deplorable members, or if this blog would be less pathetic without them. So far the results are mixed. Thus, the Vox Canabis will continue for two more days. If you hate it, go hang out at Generation Squeeze.

In the year ‘Matsebula’ deployed to Afghanistan he got a pup named Peppy. She’s nine now, “an old girl, but still loves to catch squirrels in our yard and gardening with my wife, We are blessed to have her.”

The ex-soldier has some life lessons to impart.

 2015 – worst year ever. March 2015: Broke my back – Army accident. 5-disc fusion, 10 screws, two rods, 7 months off work. May 2015: Discover a leaking basement in our recently purchased house, basement was developed without permits. Sellers’ disclosures were a complete fabrication. July 2015: Father in law passed away at 62 suddenly from a brain aneurysm.

We went out to help get things together and for the funeral. In their early 60’s: mortgage, LOC, leased sports car, leased truck. Camper, sheep, donkeys, life insurance policy for $50K(!!!). Including equity in the house, net worth $170K in total. No investments. Of necessity, the house, cars, truck, sheep, donkeys, camper were all liquidated or returned. It is a sad memory to have had to dismantle someone’s life and dreams like that.

The day after he died there were two phone calls. First, the insurance policy he had requested was approved and ready for signature, but he wasn’t alive to sign it. Second, he had been selected as the CEO at a Canada-based international NGO, starting in a couple of weeks.

Meanwhile, back at the ranch, we worked title insurance claims for $163K. We laid out another $40K beyond that. We sued, eventually settling after imposing $150K in pain on the liars. Not a smart idea to hire a partner at $400/hour instead of settling early. Life is hard when you make bad choices.

We moved back to Calgary in early 2018. The company wouldn’t buy the house out, so we took a lowball offer despite the wailing and gnashing of teeth by our realtor (won’t somebody think of the children real estate market!!!).

After all of this, life is good. We are rebuilding, getting ready to build a house in 2020, which we can afford with good income and room for investing and other parts of life.

What I’ve learned is that truisms are often disguised wisdom. I have learned that life and health are gifts, not guarantees. Your kids love you because you’re you, not because you are ‘somebody.’ When things go wrong, they tend to go wrong, all caps WRONG. Life insurance is critical. Saving money is critical. Inheritances need to be invested, not spent. CPP and OAS with no other investments equals poverty. Facing up to the situation while you have the cognitive ability and self-awareness to do so is critical. Everyone dies, it’s just a question of when. Realtors are (often) incompetent and do not operate in your best interest. Title insurance is a must (many conveyancers use FCT, personal experience, no affiliation). Check permits; no permits = no purchase. Cash emergency fund is critical, cash is very different than a line of credit when things get real. Avoid litigation unless you are hellbent on principle, in which case (1) fill your boots BUT… (2) avoid diminishing returns. Vengeance must be combined with logic. Rebuilding is okay, no shame in that. Pitter patter get at ‘er, complaining just delays the inevitable, and makes the suck last longer.

Finally, a regular poster who has traveled through unemployment, physical challenges and (obviously) a language barrier. “Plz just identify me as ‘he who write with accent’”, he says. Obviously.

If you are planning to red this, please don’t. Just scroll past it, to the comment section!

Ever since I red that some of rabbles like me from comments section could be published as a guest post, I found myself in constant state thought should I do it. It didn’t take a long for my impulsiveness to overcome fear of embarrassment and I started typing. As I always had propensity to do or say something preposterous, and shortly after to find myself in predicament for doing it, its guaranteed that soon after I click on send button  won’t be long before indigestion kicks in, but I dealt with it before, so I know what’s working, one bourbon one scotch one beer, repeat if necessary.

I was, and still am, a bit of an idiot, so to help myself with my character defects and lack of formal education, over the years I red book or two on a topic how to improve yourself, that definitely didn’t fixed a problem. But majority of knowledge was gained thru making same mistake multiple times.  Undoubtedly reading some stuff that I found in books and on internet was helpful. Yes small measurable progress was made.

During the by the looks of it failed quest to improve and learn myself new stuff so I can better my family, in 2011-ish I came across this blog, and ever since I visited it daily. And around same time I red Martin Seligman, study about pursuit of happiness and learned helplessness. Interesting what good attitude can do for you, and how much being victim will set you back.

Now serious stuff, Climate change real or not, pollution and inequality, are all problems that need solving, preferably in our life time. None all of them are going away any time soon. Luckily for us in Canada we just have to deal with 2 out of those 3 problems, government already went ahead and it will fix weather thru higher taxation. Isn’t that being proactive or what?

As a world accelerate and new technologies and services bring even more disruption, gap will get wider and wider. What we have now is to much lateral but not enough upwards mobility everywhere. In my opinion there are two “worlds” with two uneven societies, one that is aggressively progressing and second one that is stagnant or its in slow decline, but dynamics are same in both, inequality is getting worst. How to fix all this is beyond me.

For us its a still uphill battle, we are nowhere near our goal, which is quite modest (not to eat cat food in retirement). One thing that worked for me and my family, is to look for new ideas and seek guidance, constantly, what this blog and comment section offered every day. And I dare to say that, on some days dystopian surrealism comments are more interesting, and definitely easier to read, for me anyways. My only beef with blog there are always at least word or two that I didn’t heard before, so I have to google them, I don’t know why he does it…

But one thing is for sure, i stated lots of obvious,  and since I started reading this blog in 2011-ish, my English, spelling, grammar, financial knowledge and our liquid net-worth greatly improved. Mr T, thank you, is all I am saying.

 

139 comments ↓

#1 Caledon dave on 07.10.19 at 3:54 pm

First

#2 Graeme on 07.10.19 at 4:06 pm

Canada will follow the American trend by lowering rates. Garth, you should be forecasting economic future rather than basing your predictions on what is happening today.

Many, many of your readers have been cautioning you that the Bank of Canada will cut rates, and soon.

Powell just signalled he will be cutting rates this month due to signs of impending weakening, and supposed low inflation and stagnant wages.

To the fellow who TD bank called about locking in a mortgage, at a lower rate—don’t do it. Stay variable and YOU decide when to lock in, don’t let TD do it for you.

We are in a very low interest rate environment and that is NOT going to change for years. Be on the look out in the next few years for crises brewing where central banks HAVE to raise rates. They won’t until then.

In the meantime make sure you have a solid allocation in precious metal miners. They are already starting to do better and they are poised to really take off.

Central banks do not raise rates during economic crises. You bullion guys are perverse. – Garth

#3 SNOOP DOG on 07.10.19 at 4:16 pm

AND THIS IS WHY WEED IS NOW LEGAL…………….

Roll’em up, light’em, smoke’em up!!!!

#4 Paddy on 07.10.19 at 4:17 pm

Dear “He who writes with accent”:

We all come to this blog for either entertainment or financial advice. I as well always come across words I need to look up. I am always learning as well. Thanks for the humble post.

#5 Dwayne on 07.10.19 at 4:20 pm

Steerage section was bang-on today. Good reads and good perspective.

#6 PastThePeak on 07.10.19 at 4:27 pm

Will the BoC really not cut rates? Will depend on how the CAD$ reacts after the first Fed cut and evolving commentary. Poloz is a really low CAD$ guy. If the loonie heads much higher than here, I see BoC following Fed cuts after the first one.

So with market pricing in 2 US Fed rate cuts this year, the BoC is likely to do one.

Doubtful and unwise. – Garth

#7 CanadianGrizzly on 07.10.19 at 4:28 pm

Climate change? Yes all the time, over millennia, it always does and always will. I don’t believe a carbon tax and trading carbon credits (ask Elon & FCA how its working) will reduce CO2 as its not a man-made problem. I do believe the world has a garbage & pollution problem. Read this article that I think is a great summary. https://www.oftwominds.com/blogjuly19/monetizing-air7-19.html

#8 Andrewski on 07.10.19 at 4:31 pm

Re: #1 Caledon dave, “Do you have to always come first”, she asked frustratingly?

#9 Lead Paint on 07.10.19 at 4:34 pm

he who write with accent – “Climate change real or not”

It’s real.

https://climate.nasa.gov/vital-signs/global-temperature/

See the chart.

“Eighteen of the 19 warmest years all have occurred since 2001”

This last June was the hottest June since the start of the industrial age.

#10 Shawn Allen on 07.10.19 at 5:01 pm

Debt and Money

Bill Puffle… yesterday… well said, smart, given the clarifications I have no argument with what you say.

I would however say that physical cash is rapidly on the way out. I rarely use it.

Therefore deposits at banks are the money we use day to day.

Central bank deposits are where commercial banks I believe keep a certain cash reserve.

I don’t know how often the central bank is buying treasury bonds from commercial banks to expand its balance sheet for any reason such as trying to stimulate lending.

But clearly customers borrowing from banks is what creates the vast majority of money.

So, money creation is largely governed by the market supply of and the demand for credit. All is good.

Agreed there will be a problem if home prices collapse. So far so good.

#11 Earlybird on 07.10.19 at 5:03 pm

hmmmm….”Inflation is 2.4% so a mortgage at 2.8% is damn near free money.”
How is this near free when it is amortized?…asking for a friend…

#12 Penny Henny on 07.10.19 at 5:05 pm

In the year ‘Matsebula’ deployed to Afghanistan he got a pup named Peppy. She’s nine now, “an old girl, but still loves to catch squirrels in our yard and gardening with my wife, We are blessed to have her.”
//////////////////////

Catch squirrels or chase them?

#13 Shawn Allen on 07.10.19 at 5:09 pm

Matsebula on finances and health

Well said.

#14 Mike on 07.10.19 at 5:32 pm

“Climate change real or not, pollution and inequality, are all problems that need solving, preferably in our life time.”

So climate change needs solving, even if its not real? Huh, wow.

Inequality has been around since biblical times, but needs solving. Ever think some people choose to be homeless, poor, etc due to lack of work ethic or motivation?

Pollution needs to be solved in our lifetime. OK, this one I can get behind. Mind telling the virtue signalling corporations that paper straws will achieve nothing, while the 7 dirtiest rivers in China contribute over 90% of ocean plastic?

Oh, and back to “climate change”, here’s billionaire Dan Pena:

https://www.youtube.com/watch?v=NjlC02NsIt0

#15 Brian Ripley on 07.10.19 at 5:39 pm

CPI (1 month lag) is back above the Bank of Canada target of 2% inflation with a print of 2.4%. CPI has had a 2% or greater handle in 12 out of the last 16 prints but after 10.3 years of ZIRP and NIRP total CPI is still in a long term downtrend.

My Interest Rate Chart: http://www.chpc.biz/interest-rate-spread.html
My TSX Commodity Indexes Chart http://www.chpc.biz/tsx-indexes.html
My Debt Chart http://www.chpc.biz/household-debt.html

Where will the consumption come from if inflation is to kick in?

#16 Yukon Elvis on 07.10.19 at 5:41 pm

I don’t always drink water. But when I do I drink water bottles out of….out of a plastic…sorry….away from plastic towards paper….like drink box, water bottles sorta thing.
Stay thirsty my friends !

#17 Paul on 07.10.19 at 5:42 pm

#12 Penny Henny on 07.10.19 at 5:05 pm
In the year ‘Matsebula’ deployed to Afghanistan he got a pup named Peppy. She’s nine now, “an old girl, but still loves to catch squirrels in our yard and gardening with my wife, We are blessed to have her.”
//////////////////////

Catch squirrels or chase them?

_____________________________________________
The dog is to slow now. So he wounds the squirrels with a BB gun to give Peppy the edge. Lol

#18 The Wet One on 07.10.19 at 5:52 pm

I’d like to thank our boy in greens for his service.

Also, life can come at you like that. I’ve not had the pleasure myself, but I recall when my boss did. Both parents dead within 1 year. Both old and frail (so one needed significant care before passing after the other). Wife seriously disabled and needing major surgery.

It wasn’t a good year.

I’m not looking forward to my similar year in the days ahead, but it’ll come whether I like it or not.

I hope to abide.

#19 NoName on 07.10.19 at 5:52 pm

#14 Mike on 07.10.19 at 5:32 pm
“Climate change real or not, pollution and inequality, are all problems that need solving, preferably in our life time.”

So climate change needs solving, even if its not real? Huh, wow.

—-

Yes Mike, if its not real its even bigger problem, who gives gov right tomake up lies than make up policies up on lies, mind as well transition to dictatorship.

I know its far fetched but what is preventing them to pull next aktion t4?

#20 Andrew on 07.10.19 at 5:56 pm

RE: bitcoin from yesterday #50 Reximus

Yes. Like all logical people I would rather be paid in the best money possible. Just as many around the world prefer to be paid in USD I would prefer bitcoin over any fiat. Store as much as I can and use https://bylls.com/ to pay for my bills and other necessities. The funny thing about bitcoin is that it seems like a get rich quick scheme or a slow payments processor when in fact it’s a savings tool and incentivizes good financial behaviour. The ethos of those involved in bitcoin is to save!

The problem with our money is we need to either spend it or get rid of it as fast as possible into an asset that will outpace inflation. We call this high time preference behaviour.

Bitcoin incentivizes low time preference behaviour. Generational wealth and wise long term saving. Would life not be simpler if you didn’t always have to try and beat inflation and the deterioration of your wealth. Welcome to Austrian economics!

Bitcoin is for the average person who is tired of having to try and become a financial expert in order to retire.

Scarcity, sound money. It’s what all the cool kids are into

;)

#21 expat on 07.10.19 at 5:57 pm

#9 Lead Paint on 07.10.19 at 4:34 pm
It’s real.
“Eighteen of the 19 warmest years all have occurred since 2001”
This last June was the hottest June since the start of the industrial age.

____________________________________________

Why do you climate guys refuse to admit these vents have happened before.

1880?? to now?

Maybe you are one of the people that believes the Earth is 100 years old?

Here’s a bit of info

The Earth is billions!!! of years old and geology clearly shows millions of times where temperature exceed the norm

Look up lovelock’s Gaia Hypothesis

Termite farts caused global warming back then becuase they were the most prevalent sepcies at the time

Or if that creeps you out go to the logs in any geology department of a university.

What’s next for you guys

Tax termite farts?

How about we tax you climate simpletons every time you eat brocoli in your vegan daily routines…..

The vegan farts you create are causing global warming far more than we are…..

Man people are thick

#22 Dolce Vita on 07.10.19 at 6:00 pm

Same NASA?

https://www.nasa.gov/feature/goddard/2016/carbon-dioxide-fertilization-greening-earth

Kind of like StatCan, they speak out of both sides of their mouth or at best, are dichotomous.

As for the 1884 chart:

Sputnik launched in 1957. First weather satellite launched in 1960.

At the turn of the 20th Century and after Titanic sunk, all were convinced we were headed for another Ice Age (similar 18 of the last whatever years logic applied back then, i.e., they believed it to be “real”).

If I wanted to go into space, maybe I’d trust them…to predict Climate Change, not so much. After all, they are a Space Agency not a Climate Change Agency. To think otherwise is a non sequitur in logic.

The Planet has been thru a lot in terms of climate and little of it we understand let alone can predict. To think that we do is human arrogance usually with vested financial interests.

And if it is true, humanity will try to adapt. If we don’t make it, Earth will merely see us off as an evolutionary cul-de-sac.

I’m good with that.

#23 Captain Uppa on 07.10.19 at 6:03 pm

I just sold and bought a new home. Needed an extra mortgage on top of my already ported 2.49% five year (two years left). The rate they offered me was 4 years at 2.89, I took it and ran.

Though now I wish I had remembered about the 10 year option. Perhaps when I renew my 2.49% mortgage.

#24 Paul on 07.10.19 at 6:09 pm

Self-Pity

I never saw a wild thing
sorry for itself.
A small bird will drop frozen dead from a bough
without ever having felt sorry for itself.

D. H. Lawrence

#25 Bdwy sktn on 07.10.19 at 6:20 pm

New words are an added bonus.

For the tech challenged a R, L Then R (on search) mouse click gets garths fancy words explained in 0.5 sec.

Learned a new one yesterday, ‘talus’
Today, some guy used it on cbc radio.
Weird. Missed it for 53 years then twice in 12 hrs.

Id bet not many east of AB know what this means without goog. I didn’t.

Anyhow, rates stay in the tank. All the things Garth mentioned are well and good. He left out thing . Shrinking y/y us corp profits.

Soon the low rate opiate stops working its magic on markets. Tolerance buildup. Sp2500 to come again.

You could be in a worse place than the miners right now. Described here once long ago as highly efficient destroyers of wealth. I’d agree longterm. But some are making bank right now on the herd running That way.

#26 Linda on 07.10.19 at 6:25 pm

If a 10 year mortgage is on offer for 2.89%, Blake might want to consider grabbing that offer instead of the 5 years at 2.84%.

‘Matsebula’s’ post is a timely reminder to plan for the worst & live for the best. I did see an article in the Globe & Mail today that talked about how the anticipated wave of Boomer retirement is not occurring; the finances of the in-laws & others in that age group likely have more than a little to do with that.

#27 Sail away on 07.10.19 at 6:28 pm

#24 Paul on 07.10.19 at 6:09 pm

Self-Pity
I never saw a wild thing
sorry for itself.
A small bird will drop frozen dead from a bough
without ever having felt sorry for itself.
D. H. Lawrence

——————————–

They just don’t have social media to tell you about it.

My dog feels sorry for himself all the time, the little wuss.

#28 Matsebula on 07.10.19 at 6:33 pm

@Penny Henny #12 and @Paul #17:

Pops chases squirrels, but she never catches them. Her breed was a poor man’s farm dog in Ireland. She does better digging for groundhogs and gophers. That is what she was built to do!

#29 Pete from St. Cesaire on 07.10.19 at 6:48 pm

“Central bankers don’t want to drop the cost of money because when things really hit the fan next time, they’ll be out of bullets.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I caught that. Of course, I already know that much worse is still to come, but it usually gets denied around here.

#30 Pete from St. Cesaire on 07.10.19 at 6:51 pm

he who write with accent – “Climate change real or not”
It’s real.
https://climate.nasa.gov/vital-signs/global-temperature/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Quoting NASA?
Watch this: https://www.youtube.com/watch?v=kzJMqNq6xsM

#31 Eaglebay on 07.10.19 at 6:52 pm

#9 Lead Paint on 07.10.19 at 4:34 pm

That’s not climate change, that’s the weather. Climate change takes thousands of years. Don’t confuse pollution with climate change.

#32 Clem Kadiddlehopper on 07.10.19 at 6:53 pm

#14 Mike.
Thanks. Loved the video and the colourful language of Mr Pena (I thought the hysterical women (obviously a “believer”), who was supposedly just asking a question, but who was, in fact, making accusations and screaming her obviously hard-held “beliefs”, would never shut up.) Gunna watch it again, this time with a scotch to sooth the nerves.

I have also wondered why, when the world is going to be sinking under rising tides at any moment, the most expensive real estate in the world is that with the oceans lapping close to the front door. Hong Kong, Singapore, Vancouver, Sidney, Florida, New York etc etc.

One would think that people would be rapidly vacating these Atlantises in the making and high tail it for higher ground. But no, they continue paying exhorbidant prices for this soon-to-be underwater real-estate and the banks keep happily bankrolling waterfront condo towers and luxury mansions.

Call me more than a little skeptical on the climate change predictions. IMHO, anything thrust upon the world by politicians (like Gore, Obama and the UN) and ENGOs (like Suzuki, Tides, and Greenpeace) has to be taken with a very large grain of salt. They all have ulterior motives behind their spreading of the climate change gospel.

But maybe, one day soon, a Charleton Heston-like fella, dressed in a loincloth (and with a hot girl in tow), will fall to his knees in the oceanside sand, and yell in grief “You sunk it up! Ah, damn you! God damn you all to hell!”. Waiting for the movie.

#33 Kelly on 07.10.19 at 7:07 pm

Your last blog dog with an
“(obviously) a language barrier”.

Methinks not; using the phrase “some days dystopian surrealism comments … “. I smell a ruse.

——–
The US Fed may well cut 50 basis points the end of July. The economy is not humming the way it is presented. Once again, Canada will be playing catch up.

Look around and you find find negative yield all over the world. I expect it will hit North America as well.

I really don’t know how they handle the lending rates when they start charging you for keeping your savings in the bank.

The good times financial mirage will continue until the Donald is back in power for another 4 years. Then , lookout as the trillions in debt around the world will finally be addressed. It will be very painful.

I’d like to know your thoughts Garth on how we prepare for a world wide default on the debt that can never be repaid.

#34 Pfft on 07.10.19 at 7:10 pm

@#21 expat on 07.10.19 at 5:57 pm
#9 Lead Paint on 07.10.19 at 4:34 pm
It’s real.
“Eighteen of the 19 warmest years all have occurred since 2001”
This last June was the hottest June since the start of the industrial age.

____________________________________________

Why do you climate guys refuse to admit these vents have happened before.

Man people are thick
___________________

you being the thickest apparently

#35 Smoking Man on 07.10.19 at 7:12 pm

Carbon tax a complete scam.

Canada has 594.7 Billion Trees
Canada produces 559 megatons of co2
To capture all of Canadas co2 requires 25.7 billion trees.
That leaves 569 billion Canadian trees to eat up the rest of the world’s co2

Were the hell is our check from the UN?
Why don’t we have one politician or media point this fact out.?

Looks like everyone is afraid of the newly schooled progressive Nazis.

#36 Brian Ripley on 07.10.19 at 7:17 pm

For those that prefer to be informed:

Mashable’s 50 items of all the ways climate change has impacted Earth in 2019
https://mashable.com/article/climate-change-2019-list/

Canada’s Changing Climate Report
https://www.nrcan.gc.ca/canadas-changing-climate-report/21177

#37 Bytor the Snow Dog on 07.10.19 at 7:17 pm

#9 Lead Paint on 07.10.19 at 4:34 pm Sez:

“he who write with accent – “Climate change real or not”

It’s real.

https://climate.nasa.gov/vital-signs/global-temperature/

See the chart.

“Eighteen of the 19 warmest years all have occurred since 2001”

This last June was the hottest June since the start of the industrial age.”

———————————————–

Oh do tell! Please provider me with the temperature records for 9 straight years, starting in say, 1 million BC.

#38 JSS on 07.10.19 at 7:20 pm

Will ATM machines be obsolete soon? The RBC nearest me is in a mall. They have six machines perched into a curved wall at the bank. They look unused most of the time

#39 Bdwy sktrn on 07.10.19 at 7:29 pm

More co2 is the cure.

5 Yr cali drought ended a couple years ago with higher co2.
Bc forest fires fixed this year with higher co2.

This improving climate thanks to adding meagtons yearly is ‘the new normal’

Sound familiar?

______
Regarding the paper straw idiocy, I’ve spent 45 years on the water, mostly pacific, directly adajcent to Vancouvers 2.5m souls and the surface runoff of all those folks. Swimming, fishing, paddling, boating. Thousands of trips.
Never seen a straw.

Seen stuff from japan.
Furniture.
Whales and dolphins up close.
Many beer cans.

I guess straws don’t float

#40 PastThePeak on 07.10.19 at 7:30 pm

#6 PastThePeak on 07.10.19 at 4:27 pm
Will the BoC really not cut rates? Will depend on how the CAD$ reacts after the first Fed cut and evolving commentary. Poloz is a really low CAD$ guy. If the loonie heads much higher than here, I see BoC following Fed cuts after the first one.

So with market pricing in 2 US Fed rate cuts this year, the BoC is likely to do one.

Doubtful and unwise. – Garth
+++++++++++++++++++++++++++++++

I agree it is unwise, but I haven’t seen a lot of wisdom out of the West’s central bankers in awhile…

#41 expat on 07.10.19 at 7:37 pm

Pfft on 07.10.19 at 7:10 pm
____________________________________________

Why do you climate guys refuse to admit these vents have happened before.

Man people are thick
___________________

you being the thickest apparently
__________________________________________

I was typing on a tablet. Is that all you got?

Is Pfft the sound you make when you eat vegan
Next

#42 Lead Paint on 07.10.19 at 7:37 pm

#22 Dolce Vita on 07.10.19 at 6:00 pm

And here I thought you were educated on matters other than cuisine. Additional C02 does help plants grow faster. It also warms the planet. No contradiction.

Lotsa people on this blog feel they are smarter on climate than NASA. Same crowd believes the moon landings are fake. They found some site on the internet that proves a giant conspiracy! Well done Sherlock.

One does not have to endorse T2’s carbon tax to agree with 99% of climate scientists on the human impact on climate.

#43 Lead Paint on 07.10.19 at 7:46 pm

#37 Bytor the Snow Dog on 07.10.19 at 7:17

Awesome, let me try one

I haven’t seen a live dinosaur so I refuse to believe they ever existed.

It’s fun to make fun of people who don’t understand science!

#44 Yukon Elvis on 07.10.19 at 7:49 pm

#42 Lead Paint
One does not have to endorse T2’s carbon tax to agree with 99% of climate scientists on the human impact on climate.
…………..
Bogus number. There has never been 99% agreement on anything anywhere anytime. Not ever. Maybe lead paint in your corn flakes tho.

#45 Mike on 07.10.19 at 7:53 pm

Want to know motive? Follow the money. The liberals declared a “climate emergency” recently. Watch how many laws/taxes/decrees are passed under this fatwa. Follow the money.

Of all the useful things said in these two posts you deniers just can’t let it go. Kinda sad. – Garth

#46 n1tro on 07.10.19 at 8:05 pm

#42 Lead Paint on 07.10.19 at 7:37 pm
#22 Dolce Vita on 07.10.19 at 6:00 pm

One does not have to endorse T2’s carbon tax to agree with 99% of climate scientists on the human impact on climate.
———
Where did you get 99% from? Pulled out of your imagination? At least quote the lie of 90% of scientist agree man is the cause of climate change to be at least consistent.

Now please go look at how that “90%” consensus came from the media spinning the activities of 2 bloggers reviewing scientific papers and concluding on their own that it was “90%” but when 2 actual scientists reviewed the same papers they could not corroborate that “90%” but rather something insignificant.

#47 Matsebula on 07.10.19 at 8:08 pm

Some of the trends in science lately are a little disturbing to me, being a science grad. I did a 400-level seminar on Climate Change and there was honestly not a whole lot conclusive about it, but then that was before ‘we have all agreed’ that there is a ‘climate emergency’.

To wit:

https://business.financialpost.com/opinion/ross-mckitrick-this-scientist-proved-climate-change-isnt-causing-extreme-weather-so-politicians-attacked

Interesting read. More stuff is being damaged and costing more because (1) there are more people and (2) they have more stuff because they are generally wealthier.

Not saying we should just pollute or burn or act like Orcs, however, so save the hate mail for someone that cares.

#48 JustInThyme on 07.10.19 at 8:14 pm

#16 Yukon Elvis

I don’t always drink water. But when I do I drink water bottles out of….out of a plastic…sorry….away from plastic towards paper….like drink box, water bottles sorta thing.
Stay thirsty my friends !

——————

Yukon, I don’t understand a word you said. It’s completely unintelligible. Have you lost your marbles? What type of gibberish are you spewing forward? Did you fall on your head? Have a stroke? WTFruitcake?

#49 Les on 07.10.19 at 8:22 pm

Here’s a question for all you blog dogs. Where in the world is the best place to retire as an expat? Hubby and I figure retiring in Canada is pretty much out of the question, unless we want to live out of a van and maybe eat KD now and again. Of course we want health care, safety, affordability, etc. That’s a given!
Thanks in advance for suggestions, folks, even the comical ones. We have a good sense of humor. After all, we’re posting our question here! :>)

#50 Lead Paint on 07.10.19 at 8:23 pm

One of the worst things about having kids is that I can’t spend the whole evening battling about climate science with a bunch of strangers in the comment section of a financial blog.

One last quote from NASA, where I suppose the scientists have devoted their lives and careers to misleading their fellow countrymen:

“This ancient, or paleoclimate, evidence reveals that current warming is occurring roughly ten times faster than the average rate of ice-age-recovery warming.”

If NASA is not your thing you can find equal statements by reputable scientific organizations globally.

#51 acdel on 07.10.19 at 8:23 pm

#35 Smoking Man

I have been saying that for years but the well funded liars with there low funded media pushes the fact that we Canadians are so bad! ABSOLUTELY nothing will change until the whole world gets involved. We are being punished for no reason; heck, even our so called recycles are being discarded in dumps because no one wants them.

There should be laws around pollution and what can be dumped into waterways (listening all you ocean front cities dumping raw sewage) cottages sept systems leaking into lakes.

Eliminating leaded gas in Canada made a huge difference in our cities. Back in the eighties there were huge demonstrations about clear cutting our forest; politicians made the decision to cut back on paper products and rely on plastic; and now they are going to abolish plastic (one time use) and replace it with what; paper bags, paper everything??

History repeats itself, now all the good feel gooders will pat themselves on the back until we run out of recycled paper and start to cut down forests again so we can drink soda out of a paper straw, have our groceries drop out of the bottom of our paper bags etc. What a fricken stupid society!

Plant a fricken tree!

#52 Leo Trollstoy on 07.10.19 at 8:27 pm

First post by military dude was good reading

Second post was obviously by low awareness remedial person

#53 Nonplused on 07.10.19 at 8:31 pm

Well Garth, I don’t know how you get rid of the “deplorables” (including me) in the steerage section without hiring someone to be a full time moderator for your free blog. You already do enough. Half the emails are probably fake as it is since you don’t use a verification system (which I am not suggesting you do, just more expenses for a free blog).

As for whether you should just get rid of the comments altogether, well that’s up to you. But nobody is being forced to read them. They have to click an extra link just to see them. In the same way that nobody can click on xvideos.com (DON’T!) and not have their sensibilities offended in one way or many, people don’t have to read the comments if they don’t want to and all they have to do is not do anything and don’t click the link. The steerage section is for the deplorables so people aren’t enjoying the banter than feel free to not click the link.

I suggest instead look at the steerage section as a “platform” and not a “publication”. The blog section is obviously a publication but the comments are not, you have no responsibility for the comments posted. But that said I think you still have the right to delete anything that violates your “community standards”. We’ll see have the Facebook/YouTube/Twitter thing goes but I think the end result will be that “platforms” do not have to host everything, especially anything that seems to contravene laws against hate speech or incitement.

So I say carry on and I think the format is fine.

#54 bdwy sktrn on 07.10.19 at 8:39 pm

#48 JustInThyme on 07.10.19 at 8:14 pm
#16 Yukon Elvis

I don’t always drink water. But when I do I drink water bottles out of….out of a plastic…sorry….away from plastic towards paper….like drink box, water bottles sorta thing.
Stay thirsty my friends !

——————

Yukon, I don’t understand a word you said. It’s completely unintelligible. Have you lost your marbles? What type of gibberish are you spewing forward? Did you fall on your head? Have a stroke? WTFruitcake?
——————-
not sure if you are in on the joke, if you dont speak trudeau-ese, or are just a bit of an idiot who does not follow current affairs.

i laughed out loud at yukons smooth dig on selfieboy.

well done YE.

#55 Deadly straws......... on 07.10.19 at 8:43 pm

Ouch…… I see a lawsuit!

https://www.telegraph.co.uk/news/2019/07/08/reusable-straws-safety-warning-issued-coroner-woman-dies-metal/

#56 Uruguay is your answer on 07.10.19 at 8:51 pm

#49 Les on 07.10.19 at 8:22 pm

Here’s a question for all you blog dogs. Where in the world is the best place to retire as an expat? Hubby and I figure retiring in Canada is pretty much out of the question, unless we want to live out of a van and maybe eat KD now and again. Of course we want health care, safety, affordability, etc. That’s a given!
Thanks in advance for suggestions, folks, even the comical ones. We have a good sense of humor. After all, we’re posting our question here! :>)

#57 Blair on 07.10.19 at 8:52 pm

These, by far, are the best two guest essays yet.

#58 Climate Change on 07.10.19 at 8:52 pm

This very moment a state of emergency has been declared for the gulf area of USA. The flooding has commenced with a bit of rain. Up to two feet, and a hurricane could be forming. Everyone needs to buy a boat or at least a raft.

#59 Yukon Elvis on 07.10.19 at 9:00 pm

#48 JustIn Thyme
Yukon, I don’t understand a word you said. It’s completely unintelligible. Have you lost your marbles? What type of gibberish are you spewing forward? Did you fall on your head? Have a stroke? WTFruitcake?
…………………………………..
It is humour Jussie, humour. Not for the weak or the dim or the uninformed. I guess you missed the other Justin’s TV interview on single use plastics. Try and keep up.

#60 Matsebula on 07.10.19 at 9:01 pm

Not to complicate things or (God forbid) disagree with the consensus on ‘climate change’, but there is more to think about than just ‘good’ or ‘bad’.

There are pathways for Carbon, Nitrogen, Phosphorus, Sulfur. There are Milankovitch cycles that determine warming and cooling. There is the relative position of the sun. Early 20th century the glaciers in Banff and Jasper were right up to the parking lots after a little ice age.

Just seems weird to me that everyone in science basically totally agrees on this one thing when they literally have had fist fights in the past over minor disagreements over arcane theoretical details. Calling people ‘deniers’ for actual substantive points of disagreement is basically pathetic.

As a society we need to learn to constructively disagree again or we are in serious trouble.

#61 NoName on 07.10.19 at 9:03 pm

You would probably like this video, somwhere in there dude mentions how decline in crime started around same time when led was removed from gas. It kinda disputes freakonomics dudes theory that crime went in a decline after abortion was made easier to access. It will be interestint to see is correct on that one.

An hour long.

https://youtu.be/JsaBtZ977Uk

#62 Basil Fawlty on 07.10.19 at 9:09 pm

“An expansion that won’t quit”?

While the stock market does continue to go up, this is historically a lagging indicator. The real economy in the US is trending downward by many measures. The Morgan Stanley Business Conditions Index dropped from 45 in May to 13 in June the largest one month decline in the history of the index. Shipping and Freight are down with a huge fall in Semi Truck sales. Manufacturing is down, along with housing and auto sales. Finally, massive retail closures and huge layoffs in banking and auto production. The US is sinking into a recession.

You said that in 2011. – Garth

#63 Indiegirl on 07.10.19 at 9:16 pm

Today’s guest posts had it all. Great reads.
Thank you!

#64 MPAC on 07.10.19 at 9:16 pm

EXACT, same situation happened to me yesterday. I’m one year into a variable rate mortgage with TD and they contacted me yesterday to offer me 2.87% witch is lower than my 3.15%… very oddd

#65 Bytor the Snow Dog on 07.10.19 at 9:16 pm

#50 I’ve Been Chewing on Lead Paint on 07.10.19 at 8:23 pm sez:

“One of the worst things about having kids is that I can’t spend the whole evening battling about climate science with a bunch of strangers in the comment section of a financial blog.

One last quote from NASA, where I suppose the scientists have devoted their lives and careers to misleading their fellow countrymen:

“This ancient, or paleoclimate, evidence reveals that current warming is occurring roughly ten times faster than the average rate of ice-age-recovery warming.”

If NASA is not your thing you can find equal statements by reputable scientific organizations globally.”
——————————————————
So NASA has those temperature records then? Why don’t they produce them?

#66 Nonplused on 07.10.19 at 9:20 pm

Please let’s stop the climate paranoia and look for practical solutions based on science.

Today I was driving my 13 year old son home from a YMCA swim camp when he declared that he had heard some good news, that the last day we have to take definitive action on climate change was pushed back from 2020 to 2021. I don’t know where he got that from.

I was concerned. I know the teachers are scaring the crap out of the kids but are swim counselors doing so now too? I don’t remember hearing anything about nuclear Armageddon when I was a child but I know the previous generation was subject to drills where they had to hide under their desks. But that was in a day where nuclear war was deemed “winnable”. As the warheads multiplied and became orders of magnitude more powerful the powers that be came to realize nobody was going to survive so they just stopped talking about it and my generation was raised as if the bombs weren’t there. To this day nobody really talks about it. They talk about climate change as if that is somehow worse. I’ll take a few degrees warming over nuclear winter any day.

My son also went on to say it was probably the boomers who caused the problem. He’s being systematically trained to blame his grandparents. I asked him what exactly he thought the boomers did besides ride around in cars exactly as we are doing now. I pointed out that he too has spent a good deal of his life in cars and swimming pools and heated buildings and on ice rinks and all of these things emit CO2. How were the boomers worse than say you yourself?

Folks, we definitely face a devastating future no matter how you look at the various scenarios. We will either emit too much CO2 into the atmosphere causing climate change, or we will run out of fossil fuels before that happens. Anyone who has done but a bit of research into the data will have to admit that one or the other will happen. The day either event occurs is some way off so I suppose we can party on like the whisky jug is still half full for now.

Ok, so that is where we are. So what do we do about it.

The Green New Deal is simply not practical. 80% of world wide energy production comes from the burning of fossil fuels. Energy is the economy. Your car does not move without it, does not get produced without it, you food can’t be grown or transported without it, you computer won’t run without it, you can’t heat or cool your office or your home without it, and they can’t build knock off toy and clothes in China and then transport them here without it.

Taxation is not the answer. China will not follow us down the road of killing our economy for the sake of the environment when they still have so many people living in poverty. Anything we don’t want to burn, they will be happy to.

So what is the answer? Efficiency? Well, no. Several good studies suggest that as machines get more efficient, they multiply. At 30 mpg more than 3 times as many people can afford to own a car as at 10 mpg, so demand actually goes up. I know that is counter-intuitive but a little time spent on google will show that a number of learned people have come to this conclusion. Efficiency increases the value of the fuel. If the fuel remains cheap, more uses for it will be found and the more efficient the more they will proliferate. Demand for fuel does not go down, demand for efficient devices goes way up. Just look in your pocket, where you and everybody else is now carrying around what would have been considered a super computer in 1985.

So then what do we do to avoid these two calamities, climate change and fossil fuel depletion? These are only 2 of very many challenges we face including top soil erosion, pollution, insect die off, deforestation, super-viruses and bacteria, nuclear war, extinction, and over-population, as well as certain others. But we can’t solve them all with one stroke or one tax. So what do we do?

Unfortunately there is only one solution that scales: Nuclear energy, hopefully from modern and safer reactors that can not melt down by design. Nuclear energy that is so safe, cheap, and abundant that the only economic use there is for fossil fuels is as a feedstock for plastic and chemical production. And maybe flying airplanes unless we can come up with a 10 fold increase in battery storage density, which the laws of physics says we cannot.

Tesla has proven that we can solve some of our problems by converting to electricity as the primary source of consumer energy. But we need to figure out where to get that energy. It isn’t going to be windmills. There isn’t enough wind.

So let’s stop scaring the children, they may die when the world either burns up due to warming or just simply runs out of fuel. A 13 year old doesn’t need to know that, let them enjoy soccer. And let’s not blame our parents, they didn’t do anything different than what we are doing now. And let’s not talk about taxes. Instead, let’s see how we can move forward in a way that respects the laws of thermodynamics. We need to ask scientists to solve these problems, not politicians and child terrorizers.

#67 Ace Goodheart on 07.10.19 at 9:24 pm

Well I went to this party thing last night
A lot of people I hadn’t seen in a long long time
And they wanted to know about my life
But making me feel like it wasn’t quite right
Like “Where’s is your kids?” and “Where is you car?”
I said “I don’t have either but I have a guitar”
And I ended up feeling like I was a freak
So I found some wine and something to eat
I talked to the dog to pass the time
I told myself “I’m doing just fine”
It’s just a virus of the mind

“You’re spoiling your kid. He is going to grow up screwed up”

I’m like, it’s his childhood. I am trying to make it good. Something he will remember fondly, when he is being thrashed and beaten up as an adult.

“You will raise a screwed up adult”.

Dude, from what I have seen, there are no other kinds. Adulthood is brutal. People are either in hiding, or they are incredibly tough. Most adults are just broken children. As you get older you realise that you’re going to end up as worm food sooner or later, and nothing you have ever encountered adequately explains that.

Why not give the little dude all the toys he wants?

Why not travel with him and give him a worldly experience?

Why not spoil him?

He is going to have to live the hell that is adult life anyway, no matter what I do.

Yeah, he’ll never have a mortgage. I can do that.

But he’ll have a job, that he will probably hate. And his own little munchkins to chase around and try to train to be good little humans.

What’s the point?

I say, give them a child hood that is like a Disneyland fireworks show.

Give them something to remember.

It doesn’t get better. They will need those memories to get through what is coming next…..

#68 Paul on 07.10.19 at 9:27 pm

#55 Deadly straws……… on 07.10.19 at 8:43 pm
Ouch…… I see a lawsuit!

https://www.telegraph.co.uk/news/2019/07/08/reusable-straws-safety-warning-issued-coroner-woman-dies-metal/
—-___________________________________________

All is good I think it was a Lawn Dart, they are already banned!

#69 akashic record on 07.10.19 at 9:31 pm

Globalist economic model increases carbon footprint for cheap labor cost, supposedly endangers environment and mankind.

Counter arguments are welcome.

#70 Felix on 07.10.19 at 9:33 pm

A dog has the cutest stare whenever he encounters an object more intelligent than himself.

;)

#71 pay your taxes on 07.10.19 at 9:39 pm

#49 Les

Here’s a question for all you blog dogs. Where in the world is the best place to retire as an expat? Hubby and I figure retiring in Canada is pretty much out of the question, unless we want to live out of a van and maybe eat KD now and again. Of course we want health care, safety, affordability, etc. That’s a given!
Thanks in advance for suggestions, folks, even the comical ones. We have a good sense of humor. After all, we’re posting our question here! :>)

A very vague question. What’s your budget? Do you speak other languages? What kind of climate are you looking for? If you’re poor, Canada is “the” place to be. You’ll pay zero net income tax and be able to avail yourself of a whole host of government freebies. Buy a house in a small town for 30k and cook your meals at home. Way cheaper than living abroad and you’ll have free healthcare to boot.

#72 Lead Paint on 07.10.19 at 9:40 pm

#44 Yukon Elvis on 07.10.19 at 7:49 pm
#46 n1tro on 07.10.19 at 8:05 pm
#31 Eaglebay on 07.10.19 at 6:52 pm

So sorry, 97%, not 99%. Don’t you think that’s pretty much the same thing?

https://climate.nasa.gov/scientific-consensus/

“Multiple studies published in peer-reviewed scientific journals1 show that 97 percent or more of actively publishing climate scientists agree*: Climate-warming trends over the past century are extremely likely due to human activities”.

Why does it seem that I’m providing links to reputable sources in this ‘debate’? Or should we take ‘It’s just weather’ as gospel because someone on Fox News said so?

#73 islander on 07.10.19 at 9:55 pm

https://getpocket.com/explore/item/find-what-you-love-and-let-it-kill-you?utm_source=pocket-newtab

“We’re all going to die, all of us. What a circus! That alone should make us love each other, but it doesn’t. We are terrorized and flattened by trivialities; we are eaten up by nothing.”

Charles Bukowski

#74 IHCTD9 on 07.10.19 at 9:56 pm

#43 Lead Paint on 07.10.19 at 7:46 pm
#37 Bytor the Snow Dog on 07.10.19 at 7:17

Awesome, let me try one

I haven’t seen a live dinosaur so I refuse to believe they ever existed.

It’s fun to make fun of people who don’t understand science!
———

Not nearly as enjoyable as making fun of people who do not understand English.

Bytor was not asserting that straws do not exist.

#75 John in Mtl on 07.10.19 at 9:56 pm

“…government already went ahead and it will fix weather thru higher taxation. Isn’t that being proactive or what?”

I sincerely hope you don’t really believe the government will fix the weather… throught higher taxation!! More like robbing the people.

Weather is not something that can be “fixed”. **Especially** by the government. Besides, it ain’t broken.

One thing governments should do, but they have no testicular fortitude to do it is to ban as much plastic as is possible.

#76 Paul on 07.10.19 at 9:57 pm

#14 Mike on 07.10.19 at 5:32 pm
“Climate change real or not, pollution and inequality, are all problems that need solving, preferably in our life time.”

So climate change needs solving, even if its not real? Huh, wow.

Inequality has been around since biblical times, but needs solving. Ever think some people choose to be homeless, poor, etc due to lack of work ethic or motivation?

Pollution needs to be solved in our lifetime. OK, this one I can get behind. Mind telling the virtue signalling corporations that paper straws will achieve nothing, while the 7 dirtiest rivers in China contribute over 90% of ocean plastic?

Oh, and back to “climate change”, here’s billionaire Dan Pena:

https://www.youtube.com/watch?v=NjlC02NsIt0

_______

I watched the video in good faith Mike. Come on.

#77 Yukon Elvis on 07.10.19 at 10:01 pm

#64 Lead Paint on 07.10.19 at 9:40 pm
#44 Yukon Elvis on 07.10.19 at 7:49 pm
#46 n1tro on 07.10.19 at 8:05 pm
#31 Eaglebay on 07.10.19 at 6:52 pm

So sorry, 97%, not 99%. Don’t you think that’s pretty much the same thing?

https://climate.nasa.gov/scientific-consensus/

“Multiple studies published in peer-reviewed scientific journals1 show that 97 percent or more of actively publishing climate scientists agree*: Climate-warming trends over the past century are extremely likely due to human activities”.

Why does it seem that I’m providing links to reputable sources in this ‘debate’? Or should we take ‘It’s just weather’ as gospel because someone on Fox News said so.
…………………………

Bogus poll. If u polled Christians and asked if JC was our Saviour you would get 97% agreement. If your poll included Muslims and Jews and Buddhists you would get a very different outcome. 97% agreement on anything never happened and never will unless you put a gun to someone’s head. Bogus poll.

#78 Sebee on 07.10.19 at 10:01 pm

“Central banks do not raise rates during economic crises. You bullion guys are perverse. – Garth”

I think we need to start using our imagination. What economic crises would require rates to be increased? Inflation getting out of control? …lets theorize and use our imaginations.

Not in this lifetime,in this society. – Garth

#79 DON on 07.10.19 at 10:22 pm

#21 expat on 07.10.19 at 5:57 pm

#9 Lead Paint on 07.10.19 at 4:34 pm
It’s real.
“Eighteen of the 19 warmest years all have occurred since 2001”
This last June was the hottest June since the start of the industrial age.

____________________________________________

Why do you climate guys refuse to admit these vents have happened before.

1880?? to now?

Maybe you are one of the people that believes the Earth is 100 years old?

Here’s a bit of info

The Earth is billions!!! of years old and geology clearly shows millions of times where temperature exceed the norm.

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

But the Earth is still flat right? (LOL)

Like another poster mentioned earlier we are definitely impacting our ecosystems in terms of pollution/garbage etc. No debate on that, but also little action.

The climate change debate seems to be an excuse and reason to due nothing but acquire a new revenue source.

#80 Basil Fawlty on 07.10.19 at 10:25 pm

“You said that in 2011. – Garth”

True, and the band played on…

#81 DON on 07.10.19 at 10:28 pm

Today’s blog posters were refreshing to read as their advice was earned by experience.

Wish them all the luck in the future.

‘A good attitude can’t hurt’

Cheers,

Thanks Garth. – There is a train of thought that believes that the US and China are slowly ‘replacing’ on another.

I still think the US realized China had business momentum and was replacing their military and it got to a point that the US started worrying about their global dominance. Not many in the US disagree with Trump on this or so it seems.

#82 "denier" on 07.10.19 at 10:34 pm

#69 akashic record on 07.10.19 at 9:31 pm

Globalist economic model increases carbon footprint for cheap labor cost, supposedly endangers environment and mankind.
Counter arguments are welcome.

Your right, Canada wont allow oil tankers and LNG to be shipped from our west coast, Chinas answer is to burn more CO2 emitting coal. Calling skeptics deniers is bull shite. Science demands more than antidotal evidence and some inclement weather, why has no one ever provided undeniable proof?

#83 IHCTD9 on 07.10.19 at 10:36 pm

#66 Nonplused on 07.10.19 at 9:20 pm

There is only one real possible clean option that could maintain our current lifestyles, and that is nuclear fusion. They’ve been at it for ~80 years now, so I wonder how realistic the idea is. We’re probably going to need some pretty advanced materials before it happens.

Have a quick look at the population boom since oil was discovered and put to work. If we stop using oil, we will be heading backwards in time both in lifestyle, and population. We’ll eventually level off at 1.6 billion global population levels, and everyone will be plowing a field again.

The extreme likelihood is that no one will be down for the reality of a return to human and animal power. Hell, no one would stand for much of any lifestyle dampening whatsoever. Putting oil to work for us is like having 100 servants working for you full time in exchange for bread and water.

Hence, co2 levels will continue to rise, whatever consequences as a result will be forthcoming; and there’s nothing short of global mind control that can stop it from happening.

#84 Lead Paint on 07.10.19 at 11:07 pm

#77 Yukon Elvis on 07.10.19 at 10:01 pm

Wow, that response is bonkers. NASA put people on the moon 50 years ago, they are not in the business of ‘arbitrary’. They surveyed people with scientific credentials on a topic of their expertise.

I suppose what you are saying is that you think science is like a religion, which completely explains your disposition, and shows your ignorance.

On another note, we should ask Garth to poll the Blog Dogs on whether the planet is flat or not. We know that thanks to you and Smoking Man we would not reach a consensus.

#85 Sail Away on 07.10.19 at 11:11 pm

We humans just loves us a good apocalypse plan

Religion promises a wonderful fiery end
As do the Dead Sea Scrolls
As did the big evil Russia and communism
Also Nostrademus
And the Mayans
And the thousands of bit players in their own small ways

I’ll know we’ve come full circle when “The End Is Near” picket signs reappear.

We’re supposed to save the world? Please. Most of us couldn’t keep a dandelion alive. You save the world, I’m getting a Big Mac.

#86 Lead Paint on 07.10.19 at 11:20 pm

#65 Bytor the Snow Dog on 07.10.19 at 9:16 pm

“So NASA has those temperature records then? Why don’t they produce them?”

If you are curious, you can read all about it here.

https://climate.nasa.gov/evidence/

In short, they have computer models and related evidence, not actual recordings from thousands of years ago.

It’s same way people build airplanes and design drugs these days. For example, when they build a new airplane, they don’t just build all sorts of shapes and types and then test which one flies really well, they design it on a computer and see how well it performs in their well established models.

It’s not rocket science, which by the way, they are also really good at.

#87 the Jaguar on 07.10.19 at 11:28 pm

The Jag loves to curl up occasionally at the feet of ‘Steve’ at times just to listen to his impressions on many issues, financial and otherwise. This is a few months in the past, but many comments are timely. The “Democratization of Credit” is a ‘Bulls Eye” in my humble opinion. Other comments on the economy, herd mentality, etc., are equally interesting. He is a public figure, but that is not the sole driver of his periodic media interviews. He is very natural and honest in his views. Not a media natural, and hence not yet corrupted. I find him thoughtful and his analysis interesting. This is headlined as about Tesla, but that is the least interesting part of the interview. It’s the stuff about GM, where we are going, etc. Fits in nicely with the post featured earlier this week on the trucking industry. The Jag is still betting on rail, but the Jag has a feeling about rail and energy issues. A good listen on a summer evening with a small glass of Wild Turkey with one cube of ice. Salud!

https://www.youtube.com/watch?v=KzKvH93A0Uc

#88 Jerry McBadboy on 07.10.19 at 11:32 pm

Just predicting market highs now, after a huge run up? What happened to “Buy Low”?

https://www.google.ca/search?ei=WqsmXeOBBsKlwgO–IHoCg&q=russell+1000+index&oq=russell+100&gs_l=mobile-gws-wiz-serp.1.0.0i67i70i250j0i67j0l6.13365.22951..26274…0.0..0.199.2938.0j18……0….1…….0..0i71j0i131i67j0i131i67i70i250j46i131j0i131j46i131i67j46i67j46.d2JWrSoN6ZM

Dude, I gave you a heads up two months ago !! Having said that, I’m still buying both growth and income, since both are running like scalded cats. Growth for the predictive reaction of fundamentals and Income due to the growing shock by advisors and runners sitting on Trump Hate cash that the world has been quickly passing them by. Talk about FOMO. From where I sit, it’s like watching a tsunami of cash coming my way. Surfs Up!’

#89 Sebee on 07.10.19 at 11:54 pm

“Not in this lifetime,in this society. – Garth”

I understand the likelihood is low, obviously. It was just one suggestion or Imaginary possibility. You have to admit thought, this government and even personal debt is quite high, and inflating it away is obviously an option.

As example, all this Trump economic conflict and tariffs, it is an inflationary move by the Prez, is it not?

#90 Pre-foreclosures in nyc on 07.11.19 at 12:08 am

https://www.zerohedge.com/news/2019-07-10/pre-foreclosures-are-spiking-across-new-york-city-0

#91 Bob Dog on 07.11.19 at 12:18 am

People who have formed an opinion that the atmosphere can’t be changed by humanity is not old enough to have gone out to a bar when smoking inside was legal and considered normal.

#92 Not So New guy on 07.11.19 at 1:01 am

I do understand that the government does need to tax and spend to provide certain basics in society, but running deficits so they can ‘invest’ for our kid’s futures is very immoral.

It is like going to a restaurant with someone and them ordering your food for you. To add insult to injury, they hand you the bill at the end

#93 Al on 07.11.19 at 1:09 am

” Ever think some people choose to be homeless, poor, etc due to lack of work ethic or motivation?”

That’s a doozie.

#94 Nonplused on 07.11.19 at 1:15 am

#67 Ace Goodheart

Could have been the whiskey, might have been the gin.
Could have been three or four six-packs,
I don’t know, but look at the mess I’m in,
My head is like a football, I think I’m gonna die,
Tell me, me oh me oh my,
Wasn’t that a party?
Someone took a grapefruit and wore it like a hat,
I saw someone under my kitchen table, talking to my old tom cat,
They were talking about hockey and the cat was talkin’ back,
Along about then everything went black,
But wasn’t that a party?
I’m sure it’s just my memory playin’ tricks on me,
But I think I saw my buddy cuttin’ down my neighbour’s tree,
Could have been the whiskey, might have been the gin.
Could have been three or four six-packs,
I don’t know, but look at the mess I’m in,
My head is like a football, I think I’m gonna die,
Tell me, me oh me oh my,
Wasn’t that a party?
Someone took a grapefruit and wore it like a hat,
I saw someone under my kitchen table, talking to my old tom cat,
They were talking about hockey and the cat was talkin’ back,
Along about then everything went black,
But wasn’t that a party?
I’m sure it’s just my memory playin’ tricks on me,
But I think I saw my buddy cuttin’ down my neighbour’s tree,
Old Billy Joe and Tommy, well they went a little far,
They were sitting in my backyard blowing on the siren in somebody’s police car.
So you see, your honour,
It was all in fun,
That little bitty track meet down on main street,
Was just to see if the cops could run,
Well, they run us in to see you,
In an alcoholic haze,
I can sure use those thirty days to recover from the party.
Could have been the whiskey, might have been the gin.
Could have been three or four six-packs,
I don’t know, but look at the mess I’m in,
My head is like a football, I think I’m gonna die,
Tell me, me oh me oh my,
Wasn’t that a party?
Someone took a grapefruit and wore it like a hat,
I saw someone under my kitchen table, talking to my old tom cat,
They were talking about hockey and the cat was talkin’ back,
Along about then everything went black,
But wasn’t that a party?
I’m sure it’s just my memory playin’ tricks on me,
But I think I saw my buddy cuttin’ down my neighbour’s tree,

#95 @yukon elvis on 07.11.19 at 1:44 am

@77
The difference between a climate scientist and a religious person is the the former are SCIENTISTS. Trained professionals.
Are you a climate scientist? Didn’t think so.
By your logic…
If 97/100 professionally trained and experienced judges agree that you are guilty of a crime, then it’s a bogus poll.
If 97/100 doctors agree that you need to cut back on cholesterol or most likely get heart disease, then it’s a bogus poll.
… you get the idea.

Why do we have experts for anything? The whole point is to listen to them.

#96 Howard on 07.11.19 at 5:03 am

John McCallum wants China to interfere in Canada’s election. Classy guy.

https://globalnews.ca/news/5478727/john-mccallum-china-helping-conservatives/

John McCallum, former Canadian ambassador to China, says he warned Chinese officials that “punishing” Canada could help the Conservatives politically.

In an interview with the South China Morning Post published Wednesday morning, McCallum described telling China’s Ministry of Foreign Affairs that if it kept imposing restrictions on Canadian trade exports amid the ongoing diplomatic feud, China could get a lot more than it bargained for.

“Anything that is more negative against Canada will help the Conservatives, [who] are much less friendly to China than the Liberals,” McCallum was quoted as saying in the interview with the Hong Kong English-language newspaper.

“I hope and I don’t see any reason why things will get worse; it would be nice if things will get better between now and [Canada’s federal] election [in October].”

#97 Tater on 07.11.19 at 7:47 am

#56 Uruguay is your answer on 07.10.19 at 8:51 pm
#49 Les on 07.10.19 at 8:22 pm

Here’s a question for all you blog dogs. Where in the world is the best place to retire as an expat? Hubby and I figure retiring in Canada is pretty much out of the question, unless we want to live out of a van and maybe eat KD now and again. Of course we want health care, safety, affordability, etc. That’s a given!
Thanks in advance for suggestions, folks, even the comical ones. We have a good sense of humor. After all, we’re posting our question here! :>)
————————————————————–

If your retirement plans involve moving to the third world, you’ve made a mess of your life.

Uruguay has a murder rate 5x that of Canada, rapes happen 6x more frequently, a health system that is worse and GDP per capita is about half.

The adage: There’s no free lunch, applies to countries as well.

#98 Tater on 07.11.19 at 7:55 am

#65 Bytor the Snow Dog on 07.10.19 at 9:16 pm
#50 I’ve Been Chewing on Lead Paint on 07.10.19 at 8:23 pm sez:

“One of the worst things about having kids is that I can’t spend the whole evening battling about climate science with a bunch of strangers in the comment section of a financial blog.

One last quote from NASA, where I suppose the scientists have devoted their lives and careers to misleading their fellow countrymen:

“This ancient, or paleoclimate, evidence reveals that current warming is occurring roughly ten times faster than the average rate of ice-age-recovery warming.”

If NASA is not your thing you can find equal statements by reputable scientific organizations globally.”
——————————————————
So NASA has those temperature records then? Why don’t they produce them?
—————————————————————-

The nice thing about scientists, as opposed to muppets like yourself, is they tend to be very good about providing citations. And in this incredible information age, all it takes is a few seconds to track them down if you actually care. The fact that you couldn’t spend 10 seconds googling, shows you either don’t or are very dumb.

https://earthobservatory.nasa.gov/features/GlobalWarming/page3.php

https://earthobservatory.nasa.gov/features/Paleoclimatology/paleoclimatology_intro.php

#99 Trumpocalypse2019 on 07.11.19 at 8:06 am

Are you ready? It’s coming. Put the pieces together.

Iran getting desperate and aggressive.

https://www.cnn.com/2019/07/10/politics/iran-attempted-seize-british-tanker/index.html

+

Trump about to be implicated in child exploitation and abuse with Epstein.

https://www.vanityfair.com/news/2019/07/trump-and-epstein-and-28-girls-new-york-times

Trump seeking distraction big time, very soon.

= War

PREPARE

#100 Penny Henny on 07.11.19 at 8:30 am

Did you see this Garth?
“In March, April and May of this year, one out of every 40 purchases in the Vancouver area involved a foreign buyer – 2.5 per cent. In 2016, in the months before the foreign-buyers tax was enacted, the rate of international purchases was 13.2 per cent – more than one in eight deals, The Globe found.”

https://www.theglobeandmail.com/opinion/editorials/article-houses-in-canada-are-too-expensive-and-its-not-just-the-fault-of/

So what? Tax people more and they stop buying. Duh. The real story is market sentiment. The NDP is destroying it. – Garth

#101 Mike on 07.11.19 at 9:01 am

“Of all the useful things said in these two posts you deniers just can’t let it go. Kinda sad. – Garth”

Still holding onto that signed copy of “An Inconvenient Truth” Garth? Go back and rewatch it. See how many of Gore’s science based predictions have come true?

The Maldives should be submerged any day now!!

https://www.westernjournal.com/national-park-quietly-removed-warning-glaciers-will-gone-2020-years-heavy-snowfall/

Exactly. You’re obsessed. – Garth

#102 Bytor the Snow Dog on 07.11.19 at 9:03 am

Tater at 98-

Computer models and theories based on flawed data and flawed assumptions. Reverse engineering the “logic” in order to reach the conclusion you want to reach.

YAWN.

BTW, assuming I accept there is AGW or a “climate emergency” or whatever hyperbole they’re using now, how will a carbon tax on Canadians mitigate any of these effects?

#103 NoName on 07.11.19 at 9:34 am

@ Leo Troolll

I always liked you snappy tiny comments, do you type them on a tiny kebord with your tiny hands?

#104 Joe on 07.11.19 at 9:55 am

H Garth, Where can I get a 2.89% 10 year mortgage? I checked ratehub and the lowest 10 yr is 3.24%.
Thanks,
Joe

#105 Tater on 07.11.19 at 9:56 am

#102 Bytor the Snow Dog on 07.11.19 at 9:03 am
Tater at 98-

Computer models and theories based on flawed data and flawed assumptions. Reverse engineering the “logic” in order to reach the conclusion you want to reach.

YAWN.

BTW, assuming I accept there is AGW or a “climate emergency” or whatever hyperbole they’re using now, how will a carbon tax on Canadians mitigate any of these effects?

—————————————————————

So first it was NASA doesn’t have the data, and now you say the data is wrong. I’m willing to bet you don’t have ANY qualifications to make that call.

And hello Mr. Strawman! Funny, but I don’t seem to remember advocating for any tax.

#106 n1tro on 07.11.19 at 10:06 am

#72 Lead Paint on 07.10.19 at 9:40 pm
#44 Yukon Elvis on 07.10.19 at 7:49 pm
#46 n1tro on 07.10.19 at 8:05 pm
#31 Eaglebay on 07.10.19 at 6:52 pm

Why does it seem that I’m providing links to reputable sources in this ‘debate’? Or should we take ‘It’s just weather’ as gospel because someone on Fox News said so?
——————–
Oh God of Links, please enlighten me as I don’t want to use my brain for any crictical thinking!!!

So you forgot to put in the caveat that NASA put at the end of their first sentence as denoted with a *.

* Technically, a “consensus” is a general agreement of opinion, but the scientific method steers us away from this to an objective framework. In science, facts or observations are explained by a hypothesis (a statement of a possible explanation for some natural phenomenon), which can then be tested and retested until it is refuted (or disproved).

As scientists gather more observations, they will build off one explanation and add details to complete the picture. Eventually, a group of hypotheses might be integrated and generalized into a scientific theory, a scientifically acceptable general principle or body of principles offered to explain phenomena.

^ so basically what NASA is saying is they looked at a few studies which looked at the work of majority people in the field of climate change, finding that their opinions (NOT fact) is that climate change is extremely likely due to human activities. But more work needs to be done to as to find out what the details are to make a generalized (ie. man made activities causes hurricanes, etc, etc) theory, which is a SCIENTIFICALLY ACCEPTED GENERAL PRINCIPLE…

This is far from the “99% or 97% fact that climate change is real” crap you tried to claim in your original argument statement.

This should also make people question to the assertion that is currently being spewed by the likes of Trudeau that “Carbon, and the decrease of it, will save us from disaster” as an absolute fact and that we need to empty our pockets to do something about it.

#107 n1tro on 07.11.19 at 10:11 am

#72 Lead Paint on 07.10.19 at 9:40 pm

Why does it seem that I’m providing links to reputable sources in this ‘debate’? Or should we take ‘It’s just weather’ as gospel because someone on Fox News said so?
—————————–
It’s funny you put the word debate in quotes to diminish that there are contrary opinions to a topic. Also, generalizing that people with contrary opinions are knuckle dragging deplorables….because we all know they are the only ones that watch Fox News. That’s pg 2 in the Leftist playbook right after…Just repeat your talking points louder, over and over again to make the masses believe…right?

#108 stef97 on 07.11.19 at 10:24 am

to #49 , Les
It depends what kind of life you want to have
Do you want history, culture , nature, all ?
You can live very well with 1500 CAN / monthly in Costa Rica – I did that and can provide details if interested
Some European countries are also better than Canada from a cost of living perspective ( see Dolce Vita posts) and Google Spain, Portugal

#109 Matsebula on 07.11.19 at 10:24 am

@Lead Paint #50:

“One of the worst things about having kids is that I can’t spend the whole evening battling about climate science with a bunch of strangers in the comment section of a financial blog.

One last quote from NASA, where I suppose the scientists have devoted their lives and careers to misleading their fellow countrymen:

“This ancient, or paleoclimate, evidence reveals that current warming is occurring roughly ten times faster than the average rate of ice-age-recovery warming.”

If NASA is not your thing you can find equal statements by reputable scientific organizations globally.”

You can find whatever statements you want from NASA or wherever, but finding statements has nothing to do with truth or scientific fact. A researcher stating that they can conclusively state ‘climate change’ is happening because of this or that is being facile. A researcher stating that there is a probability, or likelihood, or something like that, while also talking about potential sources of uncertainty, is being reasonable and honest.

The ‘dialogue’ within the scientific community has shifted to ostracizing those who don’t want to get in line, and this is deeply troubling. People are blatantly ignoring divergent facts and failing to explore them. Research to explore divergent facts is not being financially supported.

With your evident love of NASA, I’m willing to bet you haven’t gone into anything more substantive than quote-gathering to support your perspective on ‘climate change’. I’ll grant that NASA is quasi-scientific, but I will not grant that NASA should be a referee of science being accurate or properly done. NASA is not well-positioned to weigh in on specific scientific opinion or consensus around that issue.

It is not particularly scientific to converge on one point of view as ‘settled,’ period. Disagreement makes sure we get to the truth, eventually.

#110 Russ on 07.11.19 at 10:32 am

Fear based taxation has worked since humans have banded together.
To wit, fuedal system; bring food to the baron or get off the land, income tax in WWI; we need this to fight the bad guys or we be run by communists, carbon tax; we need this or we’re all gonna die very very soon.

You get the picture. It’s like instructions on your shampoo bottle: rinse, repeat.

#111 Chris on 07.11.19 at 10:32 am

Traditional logic regarding interest rate fluctuation holds little value in a post QE world. Central banks created an environment for debt levels to skyrocket – without knowing how to effectively unwind. Last December’s gyrations illustrated how dependent world economies have become on perpetually low interest rates – and precious few politicians will have the stomach to try to stop the merry-go-round. https://www.cassandracapital.net/post/quantitative-easing-has-prevented-a-debt-crisis-but-we-re-reaching-the-physical-limits-of-qe

#112 n1tro on 07.11.19 at 11:08 am

Almost 10% dividends. Juicy!

https://www.cbc.ca/news/canada/toronto/teacher-pension-plan-invested-private-prison-company-1.5206796

#113 Bytor the Snow Dog on 07.11.19 at 11:08 am

105 Tater-

Are you willfully this obtuse or does it come naturally?

The “flawed data” is data derived from current data that’s run through a computer model and used as gospel for how things “used to be” aka “paleolithic climate change”- also known as OMG carbon dioxide causes glowball warming”!.

And yes, if you support Trudeau or the Dippers or the Greens you are in favour of a carbon tax.

#114 Shawn Allen on 07.11.19 at 11:17 am

Will the Kids Need to pay Off the Government Debt?

#92 Not So New guy on 07.11.19 at 1:01 am
I do understand that the government does need to tax and spend to provide certain basics in society, but running deficits so they can ‘invest’ for our kid’s futures is very immoral.

It is like going to a restaurant with someone and them ordering your food for you. To add insult to injury, they hand you the bill at the end

*************************************
That may be valid. But if almost every government runs a deficit who will the future kids pay the debt to?

Perhaps the offspring of the rich who hold government bonds will in the net be paid interest by the offspring of the poor?

This is why taxing wealth upon death is something that may be needed.

But keep in mind that all kids are inheriting the installed publicly owned infrastructure of roads and bridges and government buildings and much more as well as the collective historical knowledge of humanity. It may not be a bad deal for anyone.

Anyone really think think it is a bad time to be born today in North America?

#115 Lorne on 07.11.19 at 11:24 am

#100 Penny Henny on 07.11.19 at 8:30 am
Did you see this Garth?
“In March, April and May of this year, one out of every 40 purchases in the Vancouver area involved a foreign buyer – 2.5 per cent. In 2016, in the months before the foreign-buyers tax was enacted, the rate of international purchases was 13.2 per cent – more than one in eight deals, The Globe found.”

https://www.theglobeandmail.com/opinion/editorials/article-houses-in-canada-are-too-expensive-and-its-not-just-the-fault-of/

So what? Tax people more and they stop buying. Duh. The real story is market sentiment. The NDP is destroying it. – Garth
……..
So, surprise, people do not buy when prices are going down. This is a bad thing for the majority??

A majority of households (64%) in Van own real estate. – Garth

#116 El Presidente on 07.11.19 at 11:36 am

Yeah baby … from your favorite president.

DOW
27,053.52+193.32+0.72%
S&P 500
3,000.95+7.88+0.26%

#117 Tater on 07.11.19 at 12:09 pm

#113 Bytor the Snow Dog on 07.11.19 at 11:08 am
105 Tater-

Are you willfully this obtuse or does it come naturally?

The “flawed data” is data derived from current data that’s run through a computer model and used as gospel for how things “used to be” aka “paleolithic climate change”- also known as OMG carbon dioxide causes glowball warming”!.

And yes, if you support Trudeau or the Dippers or the Greens you are in favour of a carbon tax.
———————————————————–

“Glacial ice and air bubbles trapped in it (top) preserve an 800,000-year record of temperature & carbon dioxide. ”

With your babbling about models, perhaps you missed this.

And I still can’t quite see what my, or anyone’s politics have to do with this debate.

YOU said NASA doesn’t have data, and they do. Simple.

But, please refute how the science doesn’t back the assertion that trapped air bubbles can tell us about historical climate.

And, since you seem to be too dense to get it, this is the issue:
“But the paleoclimate record also reveals that the current climatic warming is occurring much more rapidly than past warming events.”

Yes climate changed in the past. But never this fast. Any natural systems that exist to allow transitions in climate regimes likely act too slowly for what we are seeing now.

#118 jess on 07.11.19 at 12:12 pm

who should be responsible? …no blind eyes zero tolerance!

“When a vessel brings such an outrageous amount of deadly drugs into Philadelphia waters, my Office and our agency partners will pursue the most severe consequences possible against all involved parties in order to protect our district — and our country,” McSwain added.

Cargo ship owned by JPMorgan Chase seized by US with 20 tons of cocaine

By Paul R. La Monica, CNN Business

Updated 6:08 PM ET, Wed July 10, 2019

~1.3b. street value

…” MSC Gayane, is part of a transportation strategy fund run for the bank’s asset management unit.
That means JPMorgan Chase (JPM) does not have any operational control of the vessel, a Liberian-flagged ship that is run by the Swiss-based Mediterranean Shipping Company. The bank had no comment.

#119 Main Climate Mechanism on 07.11.19 at 12:27 pm

The major control over all weather is the Sun, or our nuclear power plant. Spend a few hours of intense study to ascertain its purpose, and how it effects the weather. There are other factors that impact on the climate that we have no control over. This climate change or warming caused by humans is a farce, and a fraud for two reasons. Its a clever way to tax you, and its a form of control over corporations and people.

#120 IHCTD9 on 07.11.19 at 12:28 pm

You guys are wasting your time going back and forth on this climate change stuff.

What is important to understand is that it absolutely will not get “fixed”. I don’t even need to list off the reasons why – you already know. It’s plain as day nothing can realistically be done about it.

IMHO, we should be doing what we can to prepare for it.

#121 Penny Henny on 07.11.19 at 12:36 pm

#115 Lorne on 07.11.19 at 11:24 am
#100 Penny Henny on 07.11.19 at 8:30 am
Did you see this Garth?
“In March, April and May of this year, one out of every 40 purchases in the Vancouver area involved a foreign buyer – 2.5 per cent. In 2016, in the months before the foreign-buyers tax was enacted, the rate of international purchases was 13.2 per cent – more than one in eight deals, The Globe found.”

https://www.theglobeandmail.com/opinion/editorials/article-houses-in-canada-are-too-expensive-and-its-not-just-the-fault-of/

So what? Tax people more and they stop buying. Duh. The real story is market sentiment. The NDP is destroying it. – Garth
……..
So, surprise, people do not buy when prices are going down. This is a bad thing for the majority??

A majority of households (64%) in Van own real estate. – Garth
///////////////////

The part that caught my eye is that 1 in 8 deals in 2016 were international purchases.

#122 n1tro on 07.11.19 at 12:53 pm

#120 IHCTD9 on 07.11.19 at 12:28 pm

It’s never a waste of time to protest someone/some group that tries to rob you with the added insult that they are doing it on your own good.

#123 Pfft on 07.11.19 at 1:21 pm

@#41 expat on 07.10.19 at 7:37 pm
Pfft on 07.10.19 at 7:10 pm
____________________________________________

Why do you climate guys refuse to admit these vents have happened before.

Man people are thick
___________________

you being the thickest apparently
__________________________________________

I was typing on a tablet. Is that all you got?

Is Pfft the sound you make when you eat vegan
Next
_______________________________

You’re damaged eh.
What happened to you in life?
didn’t work out the way you wanted huh.

#124 Smoking Man on 07.11.19 at 1:24 pm

Absolute Zero Evidance of Man Made climate change.

Read it and weep progress globalist boot lockers.
You’re dream of a one world commie govt is falling to pieces.
Wow as the markets make history.
Go Trump

https://summit.news/2019/07/11/new-finnish-study-finds-no-evidence-for-man-made-climate-change/

#125 Remembrancer on 07.11.19 at 1:38 pm

#110 Russ on 07.11.19 at 10:32 am
Fear based taxation has worked since humans have banded together.
To wit, fuedal system; bring food to the baron or get off the land, income tax in WWI; we need this to fight the bad guys or we be run by communist
—————————————–
Don’t usually like to get too pedantic here, but hey its a slow day and communist (like socialist) is thrown around way too much – point of order: WWI was “need to fight the bad guys or we be run” by Austro-Hungarians, Italians, Ottomans, Prussian-Germans and the like (assuming a British Empire-centric view of the world). Russian Communists didn’t show up for 3 or so years in…

#126 Shawn Allen on 07.11.19 at 1:39 pm

Matsebula on Health

I have learned that life and health are gifts, not guarantees.

********************************************
On that note, remember it is (almost) never too late to start exercising regularly and vigorously (strength and cardiovascular) and eating healthy.

But more to the point, it is certainly never too early!

There are still no guarantees but leading a healthy lifestyle puts the odds more in your favor.

If you have kids, do them a favor and let them know you plan to work hard to live to about 100. They should not count on an inheritance!

#127 jess on 07.11.19 at 1:41 pm

geez…

According to his guilty plea and documents filed in court, between 2011 and 2014, Steele and his co-defendant Paul R. Hansmeier, both practicing lawyers, executed a scheme to obtain millions of dollars by threatening copyright lawsuits against individuals who allegedly downloaded pornographic movies from file-sharing websites. Steele admitted in court during his plea that he and Hansmeier created a series of sham entities, which they surreptitiously controlled, to obtain copyrights to pornographic movies – some of which they filmed themselves – and then uploaded those movies to file-sharing websites like “The Pirate Bay” in order to lure people to download the movies. Steele and Hansmeier then filed bogus copyright infringement lawsuits that concealed both their role in distributing the movies, and their personal stake in the outcome of the litigation. After filing the lawsuits, the defendants gained authority from the courts to subpoena internet service providers for identification information of the subscriber who controlled the IP address used to download the movie. With that information, the defendants used extortionate tactics such as letters and phone calls to threaten victims with enormous financial penalties and public embarrassment unless they agreed to pay a $3,000 settlement fee.

According to the indictment, the plea agreement and other court documents, in November 2011, in order to distance themselves from the specious lawsuits and any potential fallout, Steele and Hansmeier created and used Prenda Law, among other law firms, to pursue their fraudulent lawsuits. Steele acknowledged at his plea hearing that he and Hansmeier exerted de facto control over Prenda Law throughout the scheme, but recruited a now-deceased Illinois attorney to pretend to own and control the law firm.

In October 2012, the defendants changed their tactics and began filing lawsuits falsely alleging that computer systems belonging to their sham clients had been hacked. To facilitate their phony “hacking” lawsuits, the defendants recruited individuals who had been caught downloading pornography from a file-sharing website, to act as ruse “defendants.” These ruse defendants agreed to be sued and permit Steele and Hansmeier to conduct early discovery against their supposed “co-conspirators” in exchange for Steele and Hansmeier waiving their settlement fees. During his plea hearing, Steele admitted that the allegations of “hacking” in these complaints were made up.

#128 Russ on 07.11.19 at 2:14 pm

Let’s ignore the fact discovered in those ice core samples dating back 800 million years… an intense spike in atmospheric CO2 always preceded the onset of an ice age.

Or, all of the subterranean carbon that we are harvesting now was sequestured from the atmosphere.

We are currently trying to return the earth to her natural state. :)

#129 Shawn Allen on 07.11.19 at 2:17 pm

The Canadian Consumer Rocks On.

Costco same-store sales growth in Canada adjusted for volatile fuel and FX was a robust 4.2% in June and 5.2% in the last 44 weeks!

Now, they do not disclose how much of that is due to inflation versus volume. But anyway you look at it, it is impressive and suggests the Canadian middle class is still spending apace.

Doomers will sniff that it is all debt spending. Doomers often spend their lives waiting (in vain) for the various forms of apocalypse.

Or is it boomers spending on their often ungrateful off spring?

#130 Bytor the Snow Dog on 07.11.19 at 2:24 pm

117 Tater

They can measure the temperature of air trapped in ice bubbles? Really?

Or are they ASSUMING that since said air has “x” PPM CO2 that therefore the temperature when the ice bubble was allegedly formed must have been “y”?

Take your time.

#131 Sail away on 07.11.19 at 2:48 pm

#112 n1tro on 07.11.19 at 11:08 am

Almost 10% dividends. Juicy!
https://www.cbc.ca/news/canada/toronto/teacher-pension-plan-invested-private-prison-company-1.5206796

——————————

Exactly. This is my type of investment: beaten down on temporary public sentiment with good profit, gov’t contracts, nice dividend, decent debt, PB and PE with also 2.5% dividend to shareholders of record as of Jul 19. I’ll hold off for a day or so and see if the border detention outcry pushes the price down further.

After the public loses interest, this company should continue making good bank.

#132 n1tro on 07.11.19 at 3:17 pm

#131 Sail away on 07.11.19 at 2:48 pm
#112 n1tro on 07.11.19 at 11:08 am

Almost 10% dividends. Juicy!
https://www.cbc.ca/news/canada/toronto/teacher-pension-plan-invested-private-prison-company-1.5206796

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Exactly. This is my type of investment: beaten down on temporary public sentiment with good profit, gov’t contracts, nice dividend, decent debt, PB and PE with also 2.5% dividend to shareholders of record as of Jul 19. I’ll hold off for a day or so and see if the border detention outcry pushes the price down further.

After the public loses interest, this company should continue making good bank.
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I bought some for my son’s RESP and will buy more on dips. 5 year chart looks stable. You forgot to mention this type of stock is recession proof with the product demand trend increasing. Minor wiggles be damned 16 years from now when my son blows all that cash for an Arts program in feminist studies right?!

#133 IHCTD9 on 07.11.19 at 3:29 pm

#122 n1tro on 07.11.19 at 12:53 pm
#120 IHCTD9 on 07.11.19 at 12:28 pm

It’s never a waste of time to protest someone/some group that tries to rob you with the added insult that they are doing it on your own good
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True dat.

I am pretty agnostic about the CC debate. I do think something is up with climate, but as far as we know, we could halt c02 emissions tomorrow and the temps could keep right on climbing. Then what? I could give a rip if it’s man made or natural, we ain’t gonna fix it, and the results are the same either way.

Besides, offsetting the carbon tax is child’s play, I won’t be footing that bill. If Trudeau gets another round, The pittance I currently pay in income taxes may drop even further.

Maybe I’ll put the savings towards a couple tons of sandbags and a few window jammer A/C units :).

#134 Is That All There Is on 07.11.19 at 3:39 pm

Remember that song? I haven’t been to our famous donut store in years. I called for a delivery of a dozen with 6 of them to be Apple Fritters that were huge in size. This oversized flat box arrived, and flipped the lid to see in horror small little donuts with pathetic Apple Fritters half the size. The price was up, and no more donuts from there. They can ripoff the Mills, but not me.

#135 IHCTD9 on 07.11.19 at 3:51 pm

#132 n1tro on 07.11.19 at 3:17 pm

… when my son blows all that cash for an Arts program in feminist studies right?!

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Dad better make sure that doesn’t happen!

#136 Tater on 07.11.19 at 3:52 pm

#130 Bytor the Snow Dog on 07.11.19 at 2:24 pm
117 Tater

They can measure the temperature of air trapped in ice bubbles? Really?

Or are they ASSUMING that since said air has “x” PPM CO2 that therefore the temperature when the ice bubble was allegedly formed must have been “y”?

Take your time.
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Soooo, why don’t you just admit you don’t know the science and are too lazy to learn how it works.

“The ice cores can provide an annual record of temperature, precipitation, atmospheric composition, volcanic activity, and wind patterns. In a general sense, the thickness of each annual layer tells how much snow accumulated at that location during the year. Differences in cores taken from the same area can reveal local wind patterns by showing where the snow drifted. More importantly, the make-up of the snow itself can tell scientists about past temperatures. As with marine fossils, the ratio of oxygen isotopes in the snow reveals temperature, though in this case, the ratio tells how cold the air was at the time the snow fell. In snow, colder temperatures result in higher concentrations of light oxygen”

Your “critiques” don’t rise above the level of a high school student. Give 1, just 1, technical critique of how the science is flawed.

One more link for you to not read:
https://earthobservatory.nasa.gov/features/Paleoclimatology_OxygenBalance/oxygen_balance.php

#137 IHCTD9 on 07.11.19 at 3:53 pm

#134 Is That All There Is on 07.11.19 at 3:39 pm
Remember that song? I haven’t been to our famous donut store in years. I called for a delivery of a dozen with 6 of them to be Apple Fritters that were huge in size. This oversized flat box arrived, and flipped the lid to see in horror small little donuts with pathetic Apple Fritters half the size. The price was up, and no more donuts from there. They can ripoff the Mills, but not me

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They’ve been going right down the drain ever since the Brazilians bought them.

#138 acdel on 07.11.19 at 9:47 pm

Here is ingenuity at is finest; this is reality where smart people are making a difference.

https://globalnews.ca/news/5485698/alberta-refinery-waste-to-biodiesel/

#139 acdel on 07.11.19 at 9:58 pm

Another innovative idea!

https://www.dailymail.co.uk/sciencetech/article-7235913/British-scientists-create-world-method-turn-plastic-waste-electricity.html