Wuss alert

Because it’s tiring being pissed off and victimized all day, let’s move on from Wexit. Alberta will not leave Canada, of course. Neither that flat province next door. Nor Quebec. There’s simply no economic scenario in which people don’t get incredibly poorer by carving a country up. And the US will never absorb our sore bits.

Anyway, we have the formula for political turmoil. Liz May just threw in the towel. Young Andy Scheer has the PCers sharpening their knives. T2 is damaged goods. The Bloc dude is looking strong, but regional, and Jag wisely just disappeared. Mexico again, or something. What a bunch.

So let’s drop politics and focus on money. Way less contentious. Unless you’re a wuss.

Wusses believes all those headlines about inverted yield curves, the inevitability of a recession (some day) and they read Debbie Downers like the permanently scared David Rosenberg. They call it caution. Meanwhile the world moves on. New record highs in 2019. And no clouds in the sky.

There’s a golden rule worth remembering. Don’t bail when records are being made. Especially lots of them. So far this year the S&P 500 is ahead 22%. Europe has gained 15%. Bay Street has added 16.5%. China’s up 9%. The Dow and Nasdaq at record levels. Best performance in six years. And reason to believe there’s more to come.

Why?

As this pathetic but well-endowed blog told you, we are getting a US-China trade deal. Yes, the war will be over. Or at least truced. Trump may be an unpredictable, quixotic, egocentric boor of a guy, but he’s also a political animal. No way he’s going into the 2020 election without a China deal, record low unemployment and record market indices. That’s his plan.

This week Commerce Secretary Wilbur Ross said as much. There will be a ‘phase one’ trade deal with Beijing this month. The signing ceremony will be on US soil. And Washington is about to green-light licenses allowing American companies to sell to the Chinese tech giant and much vilified Huawei.

Stocks went up. Bonds went back down. Yields are on the rise again after the Fed signaled rate cuts are pretty much done. Meanwhile corporate earnings have been much stronger than expected, even if the McD boss was diddling an employee. Saudi Arabia is about to unleash a monster IPO as oil giant Aramco stock hits markets next month. And we’re now into the strongest six-month period of the year (traditionally) for financial markets.

Meanwhile, as mentioned, Mr. Market has decided that despite his many warts, Trump will be president for another four years. The Dems have drifted too far left, are scaring people with talk of wealth taxes, and Trump’s been solidifying, energizing and strengthening his base. In fact the whole impeachment thing likely plays into his us-and-them, drain-de-swamp narrative. Of course a 50-year-low unemployment number doesn’t hurt.

So, a balanced, diversified, liquid, boring, all-ETFs-no-stocks portfolio is up double digits in 2019. Those who sold into the storm at the end of 2018 out of fear were their own worst enemy. Advisors afraid to invest have missed predictable gains. And once again we have evidence that timing markets simply doesn’t work. The best strategy is to invest when you have the money, and stay invested until you need to spend it.

Finally, while we little morally-superior beavers love to dis Trump (it’s not hard) he’s saved people from themselves. Canadians today carry more debt than ever, while saving desperately little. Personal finances are piteous and almost half of families have $200 or less left at the end of the month. A recession now would be an economic disaster, since many families have nothing in reserve. House-rich and asset-poor, living in a condo-and-cannabis economy, the last thing people need is a crumbling job market.

The orange guy, it seems, has pushed back that inevitable downturn (after ten years of expansion). It’s a reprieve. Make the most of it. You still don’t need to like him.

110 comments ↓

#1 mj on 11.04.19 at 5:11 pm

unless Trump offers to buy Alberta, just like he did Greenland, lol

#2 n1tro on 11.04.19 at 5:12 pm

https://www.cbc.ca/news/canada/london/london-ontario-living-wage-2019-1.5346550

Look what the living wage is in London! Just $16.20 per adult in a family of 4. This includes taking the family on vacation. Who needs post secondary school education. Just be smarter than the high school drop out making $14/hr (soon to be $15 thanks to Trudeau), everything will be just fine when you add up the subsidies for kids and housing.

#3 Steve French on 11.04.19 at 5:13 pm

Yesterday Sir Garth wrote:

“Fuelled by social media and intense peer-to-peer communications channels that never existed before, the world is splintering. It’s at the heart of the debate here about nationalism vs globalism and populism vs elites, governments, central banks and mega-corps. Wexit, Brexit, Hong Kong, Catalonia, Trump and MAGA – they all flow from the same well.”

Actually Garth, you should be more informed on the Hong Kong protests. The HK’ers are aiming for respect for the rule of law, which is the very foundation of their 100 + years of economic success. And something that the Chinese Communist Party pays no heed to.

As as economic liberal, the importance of the rule of law should be something you can understand?

Have you also forgotten that China has kidnapped 2 Canadian citizens- Michael Kovrig and Michael Spavor – and held them without charge for nearly a year, with no access to their families, or a lawyer? That’s illegal under international law by the way.

Kovrig was a former Canadian diplomat in China and is a researcher for the highly respected peace building think-tank, the International Crisis Group.

Spavor is also a highly respected researcher of the Korean peninsula.

This sort of behaviour by Beijing is exactly what Hong Kong’ers fears with returning to full Chinese rule.

Beijing rule will mean the end of Hong Kong as a global financial and economic centre.

China’s behaviour is something that Canadians should be extremely concerned about as well. How is one supposed to rebuild friendly relations with a country that literally illegally kidnaps your own citizens?

I for one say,– “Enough” — of Beijing’s petulant and bullying behaviour.

In fact it appears that China respects only power.

And so a bit of power they should start to experience.

Garth– Sometimes you really have your blind spots on foreign affairs.

The Hong Kong protestors might indeed be fighting a doomed battle.

But they deserve the outmost respect, from all freedom-loving people.

#4 yorkville renter on 11.04.19 at 5:13 pm

TRUMP WINS IN A LANDSLIDE! Worst President Ever

#5 paracho on 11.04.19 at 5:14 pm

Hopefully first for once !
I am concerned about the ultra low savings and investing rate of most or average Canadians . This fixation on a single asset while being heavily indebted is precarious today the least . Risky !
Trump and a strong US economy is indirectly propping upmany Canadians.

#6 Always Lurking on 11.04.19 at 5:20 pm

Trump is doing a fantastic job!

#7 SJP on 11.04.19 at 5:20 pm

Evening Garth.

Don’t you mean the McDonald’s CEO is sleeping with an employee? With Disney + right around the corner I think Bob Iger is most likely on his best behaviour these days.

#8 Garth Grateful on 11.04.19 at 5:22 pm

Word!

Firing on all literal cylinders today, Garth.

#9 Big Bucks on 11.04.19 at 5:22 pm

Major indexes down 25% in 1987,down over 50% in 2008(20 yrs later)–can you say down 75% in say 8 years?Enjoy it while it’s here the next one will be massive and take a generation to bounce back.Japan’s market is till down 60% from 30 years ago.

#10 Damifino on 11.04.19 at 5:23 pm

…we are getting a US-China trade deal. Yes, the war will be over [….] And Washington is about to green-light licenses allowing American companies to sell to the Chinese tech giant and much vilified Huawei.
——————————————-

Will Meng Wanzhou get to go home? Or will she have to keep wearing that plastic ankle bracelet down to Holt Renfrew?

#11 Linda on 11.04.19 at 5:23 pm

So rubbing at the foggy surface of the crystal ball, do we foresee as much as four more years of bull markets? Does the aging demographic support such a possibility? Regardless of how long the current cornucopia of fat market returns lasts, I for one will happily continue to judiciously harvest some profits while planning for future downturns.

#12 not 1st on 11.04.19 at 5:24 pm

So to sum up, MAGA for the win.

Canada into the ditch. Have you ever known someone taking the reins of a G7 country in turmoil needing a personal day surfing? Yup, expect 2 or 4 more yrs of the wasted ones we just had.

#13 Parksville Prankster on 11.04.19 at 5:25 pm

Staying invested and balanced is the only real option.

Professor H. Negat Seybun of the University of Michigan found that 95% of the significant market gains on the Dow over a 30 year period came on only 90 of the roughly 7,500 trading days. If you happened to miss those 90 days, just over 1% of the total, the generous long-run stock market returns would have been wiped out.

Laszlo Birinyi, in his book Master Trader, calculated that a hypothetical buy and hold investor in the Dow would have had a $1 investment grow to over $290 from 1900 to 2013. If this same hypothetical investor had missed just 5 of the best trading days each year, the same investment would be worth just under 1 penny.

#14 Dave on 11.04.19 at 5:26 pm

I do believe that Trump is on his way to another 4 years.

The establishment isn’t going to give in…I’m certain some false flag will test Trumps voting base.

#15 Sam on 11.04.19 at 5:28 pm

Trump mocked his predecessor negligence on the national debt, that he’d erase it in 8 yrs. The guy is a pathological liar

USA deficits are RISING with UE under 4%– uncharted territory , and here is the kicker; NO ONE CARES. Why? cause, deficits dotn matter……lol

what a world

#16 not 1st on 11.04.19 at 5:30 pm

ha Trump is about to send Nancy stuttering into the old folks wing. Socialist squad back to serving tables or whatever they were doing. Marxist heaven Bernie with Warren as running mate.

Trump is going to take 400 electoral districts and send the Dems and MSM shills into history. Man is 2020 going to be great.

#17 Steve French on 11.04.19 at 5:37 pm

By the way, Smoking Man is an American turncoat…

Steve.

#18 Eddie on 11.04.19 at 5:38 pm

Actually, the Stock Market Has Barely Moved the Last Two Years. With the economy booming, why are we cutting interest rates?
This money printing strategy only inflates the fake stock market economy and postpone the inevitable collapse.

#19 Nothing Surprises on 11.04.19 at 5:39 pm

Meanwhile corporate earnings have been much stronger than expected, even if the Disney boss was diddling an employee. – Garth.
……………………………………………………………………………..

I thought it was McDonald’s CEO Steve Easterbrook dipping his wick with an employee.

You mean the world of Disney is also experiencing sexual expressions at the top!!

#20 not 1st on 11.04.19 at 5:44 pm

Renewables wont even keep up with the demand growth in the next 30 yrs. It has no chance of supplanting oil production. So much for unicorns.

Canadian oil production to spike between 2040-2050: EIA

https://www.jwnenergy.com/article/2019/9/canadian-oil-production-spike-between-2040-2050-eia/

#21 Shirl Clarts on 11.04.19 at 5:52 pm

Are there enough Democrats to stop a Trump 2nd term?

Obama, back in 2016, once said.. “Don’t boo. Vote!”

Maybe them Dem’s will be motivated enough this time around to get out and vote.

#22 Keyboard Smasher on 11.04.19 at 5:58 pm

You know things are turning around when even all the Canadian energy guys are seeing 4-7% intra-day gains…

#23 yvr_lurker on 11.04.19 at 6:05 pm

Cyber-Currency anyone? Does anyone want to discuss the merits of bitcoin today (sarcastic)? Looks like another disappearing act where the funds go “poof” into the ethers (or more likely hid in some “vault” overseas in jurisdictions outside the reach, and lawsuits, brought by the “investors”).

https://www.cbc.ca/news/canada/british-columbia/einstein-cryptocurrency-bitcoin-complaints-1.5347104

Who wants to bet that this money is long gone? I never would put a nickel in this direction.

#24 Grunt on 11.04.19 at 6:13 pm

Garth I think the T2 gang are out of their element. I don’t think he’s even half as shrewd as his father. I think a Doug Ford alternative would be well out of its element. Some hope Canada has..

#25 n1tro on 11.04.19 at 6:14 pm

Remember the good days when “athletes” just injected steroids, oxygenated blood, or DHT to win competitions?

17 years old….2M subscribers. Aimbots. I guess it is better than guys pretending to be females to beat the ladies since apparently men and women are equal in every way.

https://www.dailymail.co.uk/news/article-7648325/British-Fortnite-gamer-17-given-life-time-ban-CHEATING.html

#26 the ryguy on 11.04.19 at 6:16 pm

#15 Sam on 11.04.19 at 5:28 pm

Trump mocked his predecessor negligence on the national debt, that he’d erase it in 8 yrs.
————————————
He never once said he would pay it back..you are flat out wrong. Funny enough back in the 80s he suggested a 1 time tax on billionaires and certain corporations that would have wiped out the national debt. Probably should have listened to him then.

Must be fun for sillies like you to make stuff up as reasons to hate Trump. Are you trying out for CNN?

#27 Joseph Thibeau on 11.04.19 at 6:21 pm

#3 Steve French – finally, some one calling the “detention” of 2 Canadian citizens, what it really is:
kidnapping”.

#28 mark on 11.04.19 at 6:23 pm

You might like this Garth. A simple illustrator of the media and market movements.

https://www.youtube.com/watch?v=2VfGpbjfoLI

#29 MF on 11.04.19 at 6:23 pm

#168 IHCTD9 on 11.04.19 at 9:34 am

Interesting post.

The first part I sort of agree with. My family last name is a european one that was heavily anglacanized when they came to Canada over a century ago. They wanted nothing to do with their homeland and were glad to leave and embrace Canada.

I completely disagree with the rest of your post though:

1) This aint 1914. The world has changed. Better communications and technology. Call it globalization or whatever but if Canada is to continue to attract immigrants it has to remain being viewed as tolerant, inviting, and full of opportunity, which it is.

2) I challenge this idea that previous generations of immigrants adapted fully to Canadian life. Go talk to some of the european immigrants that have been here for decades. Tell how many can speak english well. Tell me how much interaction outside of their communities they have.

3) Young families leave the GTA out of desperation, not out of desire. It comes down to house prices and nothing more. Exhibit A: all the commuters coming from Barrie on the 400 every day.

4) Here are the largest source countries of immigrants to Canada in 2016:

https://www150.statcan.gc.ca/n1/daily-quotidien/171025/t002b-eng.htm

1,2 and 3 are in Asia.

“Future immigration to Canada is projected to come mainly from Africa and the Middle East assuming things continue to improve in most of Asia. ”

-Coudn’t find a source supporting this hypothesis. Did find one supporting an increased proportion of immigrants from Asia, which is not surprising since it would just be a continuation of the current trend.

An article from the Canadian Studies in Population Journal:

https://journals.library.ualberta.ca/csp/index.php/csp/article/view/25395/20365

Where you came up with your prediction I don’t know. But I think we should look at what drives immigration: conflict, social strife, and economic opportunity. Conflict zones will shift. Right now its Africa, the Mid East and South America. Social tension is causing many Hong Kongers to come back to Canada. When the EU collapses you will see a bump in requests from Europe. As China industrializes, and labour moves to even cheaper jurisdictions like Malaysia, you will continue to see more and more Chinese coming to Canada..and the cycle will continue to repeat.

5) Finally, it seems to only be people outside the GTA who contend that there is some cultural clash occuring in the GTA. Nothing of the sort is occuring, and to the contrary, the GTA is one of the only places on earth with this happening. Maybe it’s envy. Maybe fear. Probably delusion, but it’s simply false.

MF

#30 Smoking Man on 11.04.19 at 6:24 pm

DELETED

#31 Re-Cowtown on 11.04.19 at 6:26 pm

Because it’s tiring being pissed off and victimized all day, let’s move on from Wexit. Alberta will not leave Canada, of course. Neither that flat province next door. Nor Quebec. There’s simply no economic scenario in which people don’t get incredibly poorer by carving a country up. And the US will never absorb our sore bits
++++++++++++++++++++++++++++++++++++

Nobody wants Quebec. But Trump will want Alberta. Nobody says that the U.S, will want to take everything. As far as Trump is concerned, Canada will be a buffet; grab the filet and leave the poutine.

Sorry Garth, but Alberta joining the US is a massive win for Alberta and the U.S.

#32 tccontrarian on 11.04.19 at 6:42 pm

“The orange guy, it seems, has pushed back that inevitable downturn (after ten years of expansion). It’s a reprieve. Make the most of it.” GT

Wow Garth – is this a cryptic messge to sell (‘make the most of it”)? Sounds like it.

Yes, the ‘inevitable’ (ie. recession), has been pushed back (a few weeks/months maybe). The market’s knee-jerk reaction to gap higher is only proof that the Greatest-of-Fools are still eager to buy (what do they say about the Markets staying irrational for longer than ‘you’ can stay solvent?).
Some of the best-informed participants (CEO’s) have been selling at one of the highers rates ever – anyone paying attention?

Anyway, last week I was thinking I hadn’t established large enough short positions – but the market almost always gives you another chance!
So, guess what I was doing today? So, thank you Trump (or whoever/whatever was responsible for the new ‘highs’!)

On a related note, a ‘friend’ emailed me with this:

“the Nasdaq Composite has broken its previous record high, yet fewer than half of stocks on that exchange are even above their 200-day moving averages. This is well below the 60%+ that are normally in uptrends when the Nasdaq sets a new high.”

So, YES – make the most of it.

tcc

#33 MF on 11.04.19 at 6:43 pm

#160 Headhunter on 11.04.19 at 8:32 am

Ah this guy.

Seems to only show up when there is a negative post about Canada.

Like a long distance runner who only trains hard when others are watching, gets last place, and then complains about the track.

MF

#34 active on 11.04.19 at 6:52 pm

My networth (all financial assets) increased $20K in October….keep er coming!

#35 Timmy on 11.04.19 at 7:03 pm

Who listens to Rosenburg?? He’s a perma-bear

#36 akashic record on 11.04.19 at 7:09 pm

And Washington is about to green-light licenses allowing American companies to sell to the Chinese tech giant and much vilified Huawei.

The main issue is not letting Huawei equipment into the core network infrastructure of key Western countries.

This morning on CBC Condoleezza Rice, not an avid Trump supporter, was speaking out to defend the stance of the current government.

She went as far, as saying, if Canada – or other Five Eyes intelligence alliance countries – cave to China, their membership in the intelligence sharing club will be over, they can take care of themselves.

#37 not 1st on 11.04.19 at 7:17 pm

Adults in Senate stepping up to neuter Trudeau like a stray dog. Guess the dead red chamber has a use after all.

https://globalnews.ca/news/6123136/senators-form-new-caucus/

#38 not 1st on 11.04.19 at 7:21 pm

Where is crazyfox saying TMX is a good as built.

Feds wont even defend it. Sask steps in to intervene.

Trudeau is hostile to western interests.

https://leaderpost.com/news/saskatchewan/saskatchewan-to-intervene-on-ottawas-side-in-trans-mountain-case

#39 earthboundmisfit on 11.04.19 at 7:23 pm

#31 Re-Cowtown on 11.04.19 at 6:26 pm

Sorry to bust your truck nutz Cletus, but it ain’t happenin’

#40 PeterfromCalgary on 11.04.19 at 7:24 pm

The USA will get a great trade deal with China!

Unfortunately, Canada will not be exporting a lot to China anymore. Trudeau messed that up by arresting Meng the Chief Financial Officer of Huawei. She is basically a female version of Steve Jobs and Bill Gates but with better political connections.

Trade with China is just one more good reason Alberta should leave Canada.

#41 looks like ... on 11.04.19 at 7:36 pm

Smoking Man is into the fictional sauce early …

#42 Carey Drews on 11.04.19 at 7:46 pm

We will stick to our saving 75% of net income, $20,000 a month into my TFSA’s, RRSP’s, non-registered GIC’s. Taxes are well spread out and kept modest to low 20% to 25% at most as this is done with 4 family members. No debts for 30 years now and will never borrow again.

When it is time to leave Canada, no problem and we go where they actually want successful, money plentiful citizens.

#43 TheDeal on 11.04.19 at 8:04 pm

They may sign a deal. It won’t mean anything. The CCP will break their agreements just like they have done with everything else. They think they can outlast Trump.

We’re in a new Cold War. The post-89 world order is done. It’s back to two mutually hostile competing spheres of influence. Global domination is the goal of the CCP nothing less.

They are a Marxist-Leninist revolutionary communist regime that is intent on overthrowing the capitalist system.

#44 You know val on 11.04.19 at 8:17 pm

All fine and dandy but Trump is a looney . the whole world knows it

#45 Brian Ripley on 11.04.19 at 8:18 pm

It’s so easy for the anonymous Trump fan boys to laud him. I guess they like a psychopath in the White House doing Putin’s bidding.

Speaking of Alberta… my Calgary housing chart is up: http://www.chpc.biz/calgary-housing.html

“In October 2019 prices coiled about their trends; solidly down in the strata sector but holding up well for detached house prices that remain in a 5 year range at the top of the heap.”

#46 Vision on 11.04.19 at 8:35 pm

#4 yorkville renter on 11.04.19 at 5:13 pm
TRUMP WINS IN A LANDSLIDE! Worst President Ever
——————————————-
Trudeau wins a minority government. Worst prime minister ever.

#47 Figmund Sreud on 11.04.19 at 8:41 pm

New record highs in 2019. And no clouds in the sky.
________________

Well, … no clouds? Maybe so, because it is hazy, perhaps?

Anyway, … we are currently in an era where the price of a share of most stocks is more a factor of the supply/demand of money than of the value of the stock itself. I’m basing this on fundamental analysis, …

… and the reason is, because of the widespread use of ETF’s and mutual funds. This means the stocks price – more often than not – is simply a function of the market and continues on whatever trajectory it individually had as registered with trading algorithms.

That said, … the time is still to make more money, but one must make sure to have ones’s eye on a proverbial empty seat, … since the band never plays forever!

… just sayin’.

Best,

F.S. – Calgary, Alberta.

F.S. – Calgary, Alberta.

#48 Milkman on 11.04.19 at 8:54 pm

#36 akashic record …

That wasn’t Condoleeza Rice.

#49 Out Of Work CEO, Will Travel on 11.04.19 at 8:59 pm

Our Canadian currency has the reputation of a “Petro Currency” but now the in-house regime is marketing the Canada brand as the poster child of the Paris Accord or the Green lobby. I don’t see the world traders rushing to lard their account with loonies. The Canada marketing plants the message “Oil not our future” creating a message of investor retreat and rethink.

#50 Prairieboy43 on 11.04.19 at 9:00 pm

Wexit letter to Kenney
https://wexitcanada.com/Open-Letter-to-Hon.-Jason-Kenney.pdf

#51 Figure it Out on 11.04.19 at 9:19 pm

Just for fun, I’m going to mark myself as making two predictions:

1 – President Warren is sworn in, January 2021.
2 – Next Fed rate move is a cut.

I don’t make predictions of things I *WANT* to happen, just what I think *WILL* happen.

Trump’s trade deal, if it happens, will not be a grower, nor a show-er. What kind of a great negotiator says “OK, but we sign it in the US”? That’s like asking for two free oil changes when buying a fancy new vehicle. Xi is like “OK, buddy, and we promise we’ll buy some of that food that we need to feed our people with, given the pig virus and army worm pestilences.”

I’m old enough to remember when Rosie was bullish, when McConnell thought impeachment would be wrapped up by Thanksgiving, and when ‘billionaire’ Wilbur Ross was holding up a can of Campbell’s soup on TV bragging about steel tariffs. US Steel closed at $45.39 that day. Today it’s at $13.30. Layoffs in Michigan and Indiana.

N.B. He whom the Market Gods wish to humble, they first set to bragging about yearly returns in early November.

#52 Lost...but not leased on 11.04.19 at 9:29 pm

re: Elizabeth May

Very happy for her…

…having late age epiphanies as to what her true role in the scheme of things can ultimately be very rewarding…

#53 Barb on 11.04.19 at 9:32 pm

“…Washington is about to green-light licenses allowing American companies to sell to the Chinese tech giant and much vilified Huawei.”

———————————————————
No more vilified than their Northern neighbor who holds Huawei’s CFO.
On the express instructions of the USA.

But T2 didn’t see it coming.

#54 Ustabe on 11.04.19 at 9:43 pm

Where is crazyfox saying TMX is a good as built.

Still plenty of time to take a drive up there and see for yourself…stockpiles of everything from gravel to pipe to worker’s camps. They are building right now and have been for quite sometime. Every little O&G town is booming, help wanted posters, heck even billboards, up all across, from the AB border to at least Destruction Bay.

Feds wont even defend it. Sask steps in to intervene

Do you even read what you link? SK is intervening on the FED side, both being, you know, pro pipeline expansion.

Stop getting your info from the echo chamber.

#55 Dumb Wealth on 11.04.19 at 9:45 pm

I agree with most of what you’re saying. I’m not making a prediction, but if Alberta were to leave why wouldn’t the US embrace Alberta – a province of a few million potential Republican voters, oil and water?

The US would never aid in the breakup of Canada. Idiocy. – Garth

#56 crowdedelevatorfartz on 11.04.19 at 9:47 pm

@#31 Re-Cowtown.
“but Alberta joining the US is a massive win for Alberta and the U.S.”

+++++

Kicked in the head by a horse when you were a kid?

#57 Urban Investor on 11.04.19 at 9:48 pm

#34 active on 11.04.19 at 6:52 pm
My networth (all financial assets) increased $20K in October….keep er coming!

I’m up over $500K for 2019 YTD!!!

Trump is an idiot, but he has done wonders for my investments!

#58 Figure it Out on 11.04.19 at 9:50 pm

“I don’t see the world traders rushing to lard their account with loonies.”

And yet it moves. The Loonie is up 3.67% year to date against the USD, 6.86% against the Euro and 6.02% against the Yuan. Not a huge move, but a tailwind for those overweight Canada, not internationally diversified at all, or who spend time and money outside our fair and harmonious Dominion.

#59 fishman on 11.04.19 at 9:51 pm

You want to focus on money? Come west young man, all the way west. There is so much money being made out here sometimes its obscene. And I don’t mean the tech side which I know nothing about. Of course keeping any of it is another story. Sooo expensive, & the girls are beautiful & needy,& the dope is good & cheap, & the T2 man wants his 40%.
Where you ask? There’s a saying among the fishermen out here “the phones go dead”.Means their busy loading & they really kinda forgot to call up their old buds to share in on the spoils by giving away their lat longs.

#60 Blackdog on 11.04.19 at 9:55 pm

@#52 Lost… but not leased re: “Elizabeth May

Very happy for her…

…having late age epiphanies as to what her true role in the scheme of things can ultimately be very rewarding…”

Happy for her as well. I expect she is looking forward to have more time to spend with her new husband.

#61 Blackdog on 11.04.19 at 9:56 pm

…having.

#62 Ronaldo on 11.04.19 at 10:01 pm

#45 Brian Ripley on 11.04.19 at 8:18 pm

It’s so easy for the anonymous Trump fan boys to laud him. I guess they like a psychopath in the White House doing Putin’s bidding.
—————————————————————–
What would you call the one we have in Ottawa?

#63 akashic record on 11.04.19 at 10:13 pm

#48 Milkman on 11.04.19 at 8:54 pm

#36 akashic record …

That wasn’t Condoleeza Rice.

You are correct. Susan Rice.

#64 crowdedelevatorfartz on 11.04.19 at 10:14 pm

@#52 Lost the Lease
Re Elizabeth May
+++++++

A professional politician that, when she ran in Nova Scotia as a Green and lost…….

Immediately moved to Vancouver Island and ran in the next Federal election and won.

She has spent 12 years as an MP and while retiring as “leader” plans to stay on as an MP……

She’s eligible right now for about $80,000/year in pension and more if she continues as an MP.
If she loses her seat in the next election she will recieve a severance of aprox $100,000 and her $80,000 per year pension.

That’s a lot of “green”…

https://vancouversun.com/news/local-news/pension-and-severance-payments-released-for-defeated-or-retired-mps

#65 crowdedelevatorfartz on 11.04.19 at 10:33 pm

@#57 Urban Myth
” I’m up over 500K in 2019″
++++++

Whatever “One Upperguy”.
This guy has you beat.
moo hoo haa haaa haaaaaaa

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

#66 Free Forex for the Masses on 11.04.19 at 11:02 pm

#57 Urban Investor on 11.04.19 at 9:48 pm

#34 active on 11.04.19 at 6:52 pm
My networth (all financial assets) increased $20K in October….keep er coming!

I’m up over $500K for 2019 YTD!!!

Trump is an idiot, but he has done wonders for my investments!
…..

Pffft…. Mrs Smoking Man cleared 2M USD tax free in 6 months

#67 Neo on 11.04.19 at 11:02 pm

Peter Schiff believes otherwise

http://feedproxy.google.com/~r/zerohedge/feed/~3/bHgncAehaRM/peter-schiff-its-not-great-economy-driving-stocks-its-fed

#68 Nonplused on 11.04.19 at 11:19 pm

“You still don’t need to like him.” – Garth

When I coached soccer, I had a major disagreement with one of my assistant coaches. The other assistant was a retired army veteran. While we were arguing through it, he offered this army advice: “Look, we don’t have to like each other. That’s not required. All we have to do is work together. We all know what the objective is.” It worked, and I took it to heart for the rest of the season. But unfortunately it doesn’t seem to be playing out that way in US or Canadian politics. And I still didn’t sign up the following year.

——————

Wexit, I agree, is unlikely to happen. But it does raise some interesting questions. How, exactly, does Alberta benefit from being in a confederation with Ontario, which is thousands of kilometers away? When was the last time Alberta got more money from Ottawa than they paid to Ottawa? What services do they provide that we couldn’t pay for ourselves? Are they protecting us from some external military threat? Would the Stamps and the Eskies be thrown out of the CFL if we left? It could be argued that there is no good reason for Alberta to be in confederation other than an internationally recognized passport.

Confederation in the main was a very specific undertaking, and that was to prevent the rest of the British territories falling under the economic and political influence of the now independent USA. The monarchy of Britain did not want to lose anymore territory. The building of the CPR had no less of a purpose, build an economic corridor that ran east-west from coast to coast because all of the private railways that were springing up on there own were running north-south. This was especially true in BC where north-south is the way the valleys run and going east-west was really hard. A lot of crown land was sold off to fund that railway. And the most expensive part was getting through BC east-west. Later they built CN but I’m not sure why. Competition I suppose, and also to move the area served by rail farther north. But how can you introduce competition by building a second railway funded by the government as the first was? Anyway we have 2 now.

You can go to many places in BC and walk up and down (or mountain bike) on the old north-south rail alignments. The tracks are gone, but the earthwork remains. And the north-south tracks that remain are still very busy.

Canada, as a country, was formed as an effort to prevent the newly formed USA from taking anymore land from the British than could be prevented. It was conceived as a British territory. It isn’t really a country other than that.

I still don’t think Wexit will happen, there is a long history now, but Ottawa has to start thinking of itself as more of a center of confederation than a ruler of territories. The fact is that none of the provinces need Ottawa. They would all do fine on their own. Except Quebec. Quebec apparently needs $12+ billion/year in transfer payments to survive. But they really don’t, they know they could go it alone, which is why they can coerce Ottawa to steal from Alberta on their behalf.

There is nothing natural that binds Alberta to Ontario or Quebec. We are separated by great distances and political differences. Saying Canada is a country is kind of like saying Europe is a country. It isn’t. It’s a trade union, and that union is failing terribly (see pipelines).

My prediction: Over the next 20 years or so, Texas becomes the first state to succeed, followed by Alberta. California and Quebec will be kicked out, because they are just to expensive to support without the Texas and Alberta oil money. After that all hell breaks lose and a map of north America ends up looking like a map of Europe.

#69 Kylemijohnson on 11.05.19 at 1:17 am

Here in Alberta we need a billionaire that can fund the separatists and pay the youth to fight and riot in the streets. Oust the current government and take control. Just like all the other rotten world elite do. Soros(Ukraine) as a example.
Then we declare Alberta as a free nation. Full of nationalists. My god it would be paradise. It could be truly Owned by its people. And we enrich everyone and live like kings while the rest of these brainwashed liberals rott in hell.

#70 BS on 11.05.19 at 1:38 am

It looks like rainbows and unicorns for the US equity markets in the foreseeable future. Those who were waiting for the correction to buy in missed it. The correction happened in December 2019. It’s done. The market climbs a wall of worry. Markets have basically been flat for almost 2 years. The correction is now over.

We are just starting the most bullish time seasonally, the most bullish time in presidential election cycles and there is massive amounts of cash on the sidelines and in treasuries just waiting to be forced back in by managers that have to keep up to index averages. Coupled with a red hot US economy, a president who is clearly a genius and low rates all is bullish. As Trump would say, rocket ship. Still hold 60/40 and accumulate gold but the next 12 months the S&P 500 will be up 20%. Most of that in the next 6 months. Don’t miss it.

#71 SoggyShorts on 11.05.19 at 1:42 am

#26 the ryguy on 11.04.19 at 6:16 pm
#15 Sam on 11.04.19 at 5:28 pm

Trump mocked his predecessor negligence on the national debt, that he’d erase it in 8 yrs.
————————————
He never once said he would pay it back..you are flat out wrong. Funny enough back in the 80s he suggested a 1 time tax on billionaires and certain corporations that would have wiped out the national debt. Probably should have listened to him then.

Must be fun for sillies like you to make stuff up as reasons to hate Trump. Are you trying out for CNN?
**********************************
You sure about that?

https://thehill.com/blogs/ballot-box/presidential-races/275003-trump-i-will-eliminate-us-debt-in-8-years

https://markets.businessinsider.com/news/stocks/trump-budget-deal-touts-plan-that-would-raise-national-debt-2019-7-1028385987

https://www.politifact.com/truth-o-meter/promises/trumpometer/promise/1418/eliminate-federal-debt-8-years/

http://www.msnbc.com/rachel-maddow-show/the-national-debt-hits-22-trillion-trumps-vows-appear-incoherent

https://www.bloomberg.com/news/articles/2017-03-09/trump-promised-to-eliminate-national-debt-in-eight-years-good-luck-with-that

https://www.huffingtonpost.ca/entry/trump-national-debt-deficit-soars_n_5c662ccae4b05c889d1d9ea6?ri18n=true

Seriously, your MAGA hat is cutting off the circulation to your brain.

#72 Gulf Breeze on 11.05.19 at 1:50 am

#42 Cary Drews

Mr. Money Plentiful. Don’t dislocate your shoulder slapping yourself on the back. And btw, when referring to how much money you have the term is “wealthy” not money plentiful. Rube

#73 Dr Talc on 11.05.19 at 6:25 am

The Huawei hysteria was a smartphone commercial for dupes. Samsung and Apple couldn’t complete with the p20 and p30.
Remember the exploding galaxy phones? Same thing. Samsung had to be punished. Did you see a phone explode?
Of course not. The big boys couldn’t complete with Huawei’s Leica lens.

#74 JacqueShellacque on 11.05.19 at 6:44 am

Seems you’ve finally come around to the Orange One, Garth. One thing few get about him is that he’s a symptom, not a cause – a symptom of elite failures, in fact 4 giant ones by our elites in the last 3 decades that have been near devastating: open borders, unfettered free trade, NATO to Russia’s borders, and endless Mideast wars. He has or will at least work to mitigate the damage from all 4.

There are no open borders and free trade will continue. – Garth

#75 crowdedelevatorfartz on 11.05.19 at 8:12 am

@#68 Nonplused

“Wexit……”
scroll, scroll, scroll, scroll.
“Texas…..?”
scroll, scroll, scroll, scroll.
“Europe”

#76 Ustabe on 11.05.19 at 8:34 am

VANCOUVER, Nov. 5, 2019 /CNW/ – The latest HSBC ‘Navigator: Now, next and how’ survey of over 9,100 companies in 35 markets finds that 11% of international business leaders identified Canada for expansion in the next three to five years, coming close second to the United States, the most popular destination at 14%. Businesses see Canada as an attractive market due to favourable partnership opportunities and proven customer demand. The country is also seen as a gateway to nearby markets by nearly a third (29%) of those planning to expand there.

I’ll not provide a link because all that will happen is someone will label it as fake news. C&P the above into Google, you’ll get there.

Some of you all need to get out more…among other things.

#77 Ferdinand McMillan on 11.05.19 at 8:37 am

Trudeau’s job killing wrecking ball extends beyond just energy.

https://thelogic.co/news/fintech-company-planswell-shuts-down-laying-off-57-employees/?utm_source=Post_Media&utm_medium=Homepage_Widget&utm_campaign=Evergreen&utm_term=Fintech+company+Planswell+shuts+down%2C+laying+off+57+employees&utm_content=homepage

The so called innovation fund is just another Liberal fraud. The CDN economy is running on bad debt. The Mills that voted for Trudeau also voted for 109% taxation now that the energy complex won’t supply 30% of GDP anymore and the unicorns are dying.

#78 Glengarry Girl on 11.05.19 at 9:02 am

I do not believe that stability and decency could prevail in this current environment. My common sense tells me that is impossible. The belief that the USA, with Donald Trump as President, a person that is a delusional narcissist, who takes counsel from Rudy Giuliani and Sean Hannity will avoid the inevitable is absurd. Justification and analyzing this as anything other than a complete dysfunctional Sh#t Sh*w just insults anyone with intelligence.

#79 Dharma Bum on 11.05.19 at 9:09 am

“Deranged Hyper-Partisan Impeachment Witch Hunt.”

Straight from POTUS’s mouth.

The Dem’s problem is that they’re too busy running around in circles like chickens with their heads cut off instead of putting up a viable electable candidate.

Priceless entertainment.

#80 baloney Sandwitch on 11.05.19 at 9:10 am

Great post by MF #29. Very data driven.

Wealth is useless if you are surrounded by anarchy, misery and lawlessness. Ask any warlord in afghanistan or syria encounced in their compound. People have no idea how good they have it here.

#81 not 1st on 11.05.19 at 9:22 am

Whats in the TSX? Banks overleveraged on home loans and consumer lending and resource companies being hammered by our Marxist govt.

Wouldn’t put a penny in there.

Once Trump gets his china deal S&P will soar and the TSX will be stagnate forever. Canada will be the ugly stepsister.

Thanks Trudeau for killing a g7 country.

#82 Ustabe on 11.05.19 at 10:04 am

I’ve been a voter since 1966. A card carrying, dues paying and sometimes on the payroll, Progressive Conservative.

I stopped being a card carrying, dues paying guy when the Reform/Alliance emerged and the PC party was allowed to atrophy. I actually stopped voting Federally when Peter allowed the PC party to be subsumed by the Reformacons.

That is the very condensed version of my cred.

You current, modern day conservatives need to stop with the bashing of your country, certain Provinces, each other. You need to stop indulging yourselves in pity parties where you stamp your feet and threaten to hold your breath.

You have just watched your federal party boot an easy breakaway, empty net goal. Missed the net by that much and all you can do is whine. Not a very sturdy, taciturn conservative response.

You want to get elected, run the country? How about you come up with social and fiscal policies that appeal to and include the majority of Canadians from coast to coast.

That is what you need to focus on. The only question you need to ask, loud and long, is why did this election turn out as it did for us?

Fix that…job one in my opinion.

As to the specious arguments being put forth these past days…very unlikely I’ll ever vote for a conservative party again that holds that whiny, self centered, divisive outlook.

As much as I’d love a T2 replacement its just not going to happen until the CPC becomes a party that all Canadians can willingly vote for. As you have just seen not all Canadians are willing to do that right now.

This current state of affairs isn’t on us, the voter…its on you…the rank and file of the CPC. It starts there. Make it so I can vote again and I will.

#83 Remembrancer on 11.05.19 at 10:39 am

#82 Ustabe on 11.05.19 at 10:04 am

You’ve got a couple of election cycles on me, but that’s a +1 upvote…

#84 not 1st on 11.05.19 at 10:39 am

#82 Ustabe on 11.05.19 at 10:04 am
—-

So spend 8 yrs trying to woo on the fencers like you while Trudeau recruits more socialists and our economic engine AB goes broke?

Nah, the issue was clear even if you cant see it. I would rather bust up the country.

#85 Jesse on 11.05.19 at 10:41 am

Canada is doomed under Trudeau and headed for a recession says Kevin O’Leary:
https://youtu.be/DmSGQAgLGF4

#86 Remembrancer on 11.05.19 at 11:01 am

#84 not 1st on 11.05.19 at 10:39 am
#82 Ustabe on 11.05.19 at 10:04 am
—-

So spend 8 yrs trying to woo on the fencers like you while Trudeau recruits more socialists and our economic engine AB goes broke?

Nah, the issue was clear even if you cant see it. I would rather bust up the country.
—————————————
I’ll let Ustabe speak for himself on what he meant, what I read was lose the narrow minded, one issue fundamentalist reformer whining, pearl clutching and staring out from behind drawn curtains at the world and how about stand for building a responsible 21st century country?

#87 Stan Brooks on 11.05.19 at 11:10 am

Investigation: Lead in some Canadian water worse than Flint

https://ca.yahoo.com/news/investigation-lead-canadian-water-worse-100203293.html

Explains the idiocy at the parliament.

The whole ‘Beaches’ ‘trendy’ part of Toronto has lead water pipes way overdue for replacement, but I guess there are more important topics for the government, like the oil pipelines….

Cheers,

#88 Craig Walen on 11.05.19 at 11:22 am

Four family members saving $20,000 a month in total or $5,000 a month each is now wealthy in Canada.

When did Canada and Canadians become such financial losers. My father was right, we need a good famine once and awhile. Will this post get through because truth hurts you know.

#89 the ryguy on 11.05.19 at 11:27 am

#71 SoggyShorts on 11.05.19 at 1:42 am
Seriously, your MAGA hat is cutting off the circulation to your brain.
—————————————————————
Wonderful example of fake news. Did you read any of those articles Soggy? Or did you just do a google search to try and prove a point. None of the articles have a direct quote from him about paying off the national debt in 8 years. In fact Soggy..in the fortune article YOU LINKED he is asked directly and says “I never said that”. So you just read the headlines..great job!

I watched him very closely in the 2016 election..had he said that I would have wrote him off, cause that would be a stupid statement. Much like I wrote off Sox with “budgets balance themselves” and Obama after he stammered like a fool when he was asked how adding a layer of government red tape could possibly make a service cheaper.

I cant find a direct quote of him saying this. He certainly alludes to paying it down through refinancing and redoing trade deals..but I cant find the smoking gun. Closest thing I can find is in a wapo interview from 2015 that doesn’t use “” and states at the top of the article “Here is a lightly edited transcript of the interview”.

Meanwhile this AM ABC news anchor Amy Robach is caught on a hot mic talking about how her Epstein story was killed 3 years ago by the higher ups..hopefully by now most of you realize the media lies ALL THE TIME.

Anyway, ya’ll have a great day!

#90 Ustabe on 11.05.19 at 11:31 am

The whole ‘Beaches’ ‘trendy’ part of Toronto has lead water pipes way overdue for replacement, but I guess there are more important topics for the government, like the oil pipelines….

hey! I thought oil pipelines was a Federal thing and lead water pipe in Toronto, a city in Ontario would be a John Tory thing with some meddling from Ford. No?

Your pithy point is ruined by the lack of intellectual acuity, eh?

#91 James on 11.05.19 at 11:39 am

#6 Always Lurking on 11.04.19 at 5:20 pm

Trump is doing a fantastic job!
_________________________________________
Yes he is but he was not elected as a comedian, he was elected to run a country.
Right now he is running the country at 160 kph with very little fuel in the tank. It will run out of gas and that is a lot of credit he has racked up on the gas card!

#92 MF on 11.05.19 at 12:50 pm

#80 baloney Sandwitch on 11.05.19 at 9:10 am

Thanks!

IH is one of the best posters here by far. Debating with him usually results in his opponent being mercilessly embarassed and ridiculed.

He is 100% incorrect on all things GTA though, and doesn’t seem to want to adjust his viewpoint..even in the face of overwhelming data to the contrary.

MF

#93 MF on 11.05.19 at 12:57 pm

#88 Craig Walen on 11.05.19 at 11:22 am

That’s easy. Draw a straight line from savings rate directly to housing in our major cities to see why people can’t save.

Easy solution for the Bank of Canada.

Psst: raise the interest rate to where it’s supposed to be.

Yet, here we are having the BoC talking about a cut. Sounds like a real smart move for sure. I’m sure Poloz will tell us something about “debt levels” the whole time though.

MF

#94 SoggyShorts on 11.05.19 at 1:14 pm

#89 the ryguy on 11.05.19 at 11:27 am
#71 SoggyShorts on 11.05.19 at 1:42 am
he is asked directly and says “I never said that”.
**************************
Bahahahaha!
Breaking news: Trump denies saying something that he totally said!”

https://www.politifact.com/truth-o-meter/article/2016/jul/06/17-things-donald-trump-said-and-then-denied-saying/

The man has no problem denying things that he said on tape. As a general rule, if it’s reported that Trump said something stupid, he probably did. Call it fake news all you want, but the man has a provenhistory of bullshitting.

#95 SunDays on 11.05.19 at 1:19 pm

#76 Ustabe on 11.05.19 at 8:34 am
VANCOUVER, Nov. 5, 2019 /CNW/ – The latest HSBC ‘Navigator: Now, next and how’ survey of over 9,100 companies in 35 markets finds that 11% of international business leaders identified Canada for expansion in the next three to five years…

—————-

Sure. Let’s take a look at two iconic Canadian multinational companies’ job creation record so far in 2019. Actions speak louder than surveys.

Magna
Aug 14, 2019 – USA (Michigan) – New Electronics Facility
Jul 30, 2019 – USA (Ohio) – Grows Seat Business With New Facility
Jul 24, 2019 – China – First Complete Vehicle Manufacturing Joint Venture
Apr 30, 2019 – China – Growing Footprint in China With Two Grand Opening Celebrations
Apr 23, 2019 – Morocco – New Mirrors Facility

Bombardier
Oct 21, 2019 – USA – New Line Maintenance Stations in Teterboro and Van Nuys
Jun 14, 2019 – USA – Expansion of its U.S. footprint in California
May 21, 2019 – UK – Refurbishment and Repair Shop in London Biggin Hill
May 15, 2019 – Dubai – New Line Maintenance Station
Feb 26, 2019 – Singapore – Service Centre Expansion
Feb 22, 2019 – Canada – Major Aerospace Research Projects in Québec

#96 Shawn Allen on 11.05.19 at 1:21 pm

MP Pension Envy

#64 crowdedelevatorfartz on 11.04.19 at 10:14 pm said:
@#52 Lost the Lease
Re Elizabeth May
+++++++

A professional politician that, when she ran in Nova Scotia as a Green and lost…….

Immediately moved to Vancouver Island and ran in the next Federal election and won.

She has spent 12 years as an MP and while retiring as “leader” plans to stay on as an MP……

She’s eligible right now for about $80,000/year in pension and more if she continues as an MP.
If she loses her seat in the next election she will recieve a severance of aprox $100,000 and her $80,000 per year pension.

*******************************
Well, that might be generous. What would you pay to attract good people into such a job that you have to get elected for every four years and put up with huge abuse?

Elizabeth May has worked hard for her country and her beliefs. Our elected representatives set her pay and pension. She took those terms and she should openly take her pension with no apologies. She is not getting severance as she said she will not run next time.

#97 Moh on 11.05.19 at 1:55 pm

Thanks for the post Garth!

Loving life!

#98 Tater on 11.05.19 at 1:58 pm

#89 the ryguy on 11.05.19 at 11:27 am
#71 SoggyShorts on 11.05.19 at 1:42 am
Seriously, your MAGA hat is cutting off the circulation to your brain.
—————————————————————
Wonderful example of fake news. Did you read any of those articles Soggy? Or did you just do a google search to try and prove a point. None of the articles have a direct quote from him about paying off the national debt in 8 years. In fact Soggy..in the fortune article YOU LINKED he is asked directly and says “I never said that”. So you just read the headlines..great job!
—————————————————————

Washington Post article from an interview they conducted. Link: https://www.washingtonpost.com/politics/in-turmoil-or-triumph-donald-trump-stands-alone/2016/04/02/8c0619b6-f8d6-11e5-a3ce-f06b5ba21f33_story.html?postshare=6561459637742585

they also post a link to the transcript for you to read. Of course, you’ll just say they made it all up.

#99 AB Boxster on 11.05.19 at 2:26 pm

County of Wheatland Alberta

WEXIT NEWS: Wheatland County (large municipal district east of Calgary) is debating and has passed an “Alberta First” motion today. Demands include withdrawal from CPP, establishing an AB police force, immigration oversight, and more. Barring that, they demand secession.

Motion passed unanimously by the council.
This is first of many resolutions to come at the municipal level.

Jason Kenney ignores the will of Albertan’s at his own risk.

#100 IHCTD9 on 11.05.19 at 2:36 pm

#29 MF on 11.04.19 at 6:23 pm
#168 IHCTD9 on 11.04.19 at 9:34 am

Interesting post…

_____

1. The opportunity Canada offers immigrants is on the slide. Immigrants make pretty crap wages for a good 5-10 years, while getting fee’d and taxed up the wazoo, and they probably will rent forever if they live in a metro. Eventually as the years roll on, they will stop comparing themselves to folks in the old country, and start comparing themselves to Canadians – that’s when reality starts hitting home.

2. Can’t compare old school immigrants to the current crop on a direct basis. My family was Western, White, Christian, and from a country Canada just finished liberating from the Nazi’s. Grandparents on both sides never learned English super well, but my parents, aunts, and uncles are seamlessly integrated. You’d never even know they are immigrants. I’m told they speak their first language with an English accent now. 100% Canadian on all fronts, right down to my Dad cursing the Habs when they were losing a game back in the 70’s.

No giant enclaves for immigrants existed back then – you had no choice but to mingle with Canadians – every single day. Just about every one of my aunts/uncles ended up marrying a Canadian. My MIL is an immigrant as well – she also married a Canadian and is 100% seamlessly integrated. My kids are already mixed Dutch/English/Irish and I am a first gen! This kind of fast deep mixing together is not happening these days within the ethnic enclaves of the GTA/YVR.

3. Young families ESCAPE Toronto. The idea that they leave with tears in their eyes is ridiculous. The housing situation is just PART of the problem, heap on the density, the traffic, congestion, the lineups, the noise, the pollution, and increasingly – the crime. Those that make it out to my neck of the woods regret like hell not bailing earlier than they did. I have more than a couple friends who moved to the GTA after school, and own paid for sfd’s, yet – they CAN’T WAIT to leave. Housing is just one little part of a much deeper $h!t-hole that is Toronto. It sucks on several fronts. Sure a 30 something single dude like yourself might like it – but that will change 100%. I can’t imagine myself living in a rented condo in downtown Toronto at 50, or even 45. That’s just creepy and weird!

4. Can’t remember where I read it – the idea was that conditions would improve in China and India driving down immigration from same. This pretty much leaves Africa and the Middle East. Seems totally plausible to me. Unless China and India never make it anywhere – it is bound to happen eventually.

5. I never said anything about a cultural clash in Toronto. I may have said something about the culture clash for 3rd world immigrants settling in a Western country. The GTA contains some of the largest ethnoburbs in the world. Not much clashing because of not much mixing. I’ll bet there is as much ethnic and cultural diversity in my small rural backwater as there is in an ethnoburb like Brampton. Maybe even more.

#101 IHCTD9 on 11.05.19 at 2:43 pm

#92 MF on 11.05.19 at 12:50 pm
#80 baloney Sandwitch on 11.05.19 at 9:10 am

Thanks!

IH is one of the best posters here by far. Debating with him usually results in his opponent being mercilessly embarassed and ridiculed.

He is 100% incorrect on all things GTA though, and doesn’t seem to want to adjust his viewpoint..even in the face of overwhelming data to the contrary.

MF
___

Ha! Thank-you for the kind (?) words MF.

BUT, we will have to continue to do e-battle on all things GTA (because I am actually 100% correct :) ).

#102 jess on 11.05.19 at 2:47 pm

qui tam pro domino rege quam pro se ipso in hac parte sequitur,

Does it take a rogue to bring down a rogue?
“When an elephant goes rogue he never reforms,” said the circus man.

rags glued together to make uniforms

http://www.murderbygaslight.com/2010/06/jubilee-jim-fisk.html
https://en.wikipedia.org/wiki/James_Fisk_(financier)
https://en.wikipedia.org/wiki/False_Claims_Act#History

https://en.wikipedia.org/wiki/Qui_tam

https://www.justice.gov/opa/press-release/file/918361/download

#103 IHCTD9 on 11.05.19 at 3:05 pm

#82 Ustabe on 11.05.19 at 10:04 am
___

Here’s a podcast you my find interesting Ustabe:

https://www.cbc.ca/radio/frontburner/2-generations-of-conservatives-on-the-conservative-party-s-future-1.5334633

It was recommended to me by my card carrying NDP voting better half.

Time will tell. It’s probably time to re-open the conversation the commentators say started after Harper got booted. IMHO, there are many lefties out there who just hate the Cons. Don’t matter what they say or do – just say that C word and they wretch. Probably 100% lost to partisanship at this point.

Not whining – just a gut feel. I tend to think getting things fixed will take pain, and lots of it. Usually that does the trick. It’s nature’s way of teaching.

#104 crowdedelevatorfartz on 11.05.19 at 3:06 pm

@#96 Shawn Allen
“What would you pay to attract good people into such a job that you have to get elected for every four years and put up with huge abuse?”
+++++
Sitting MP makes. $119,00k /year
Loses job.
$80k/year
Not a bad gig.

How about commission sales?
No guarantees, no pension, you deal daily with the public, etc etc etc.
However.
Liz is quitting as “leader” ( or two)
She still intends to stay on as an MP …..
12 years at a job and a $80k pension….for the rest of her life….
Cry me a river….

#105 Ronaldo on 11.05.19 at 3:48 pm

So Encana is nov Ovintiv.

I N N O V A T I V E

Drop the N and A and E

IN/OV/TIV

Put the OV at the beginning

OV/IN/TIV = OVINTIV

#106 Not So New guy on 11.05.19 at 4:46 pm

No offense to Garth, but…

Only in government does the (public) servant retire and end up earning more than his master

Now that I think about it, there are highly skilled positions where the employee will earn more than his master (software etc.) but government has managed to perfect this art

#107 Midnights on 11.05.19 at 8:34 pm

I think what Ross Kay has to say about the new housing numbers is very interesting. Especially when he mentions the Bloomberg interview.

https://www.howestreet.com/2019/11/05/fear-paralyzing-canadian-real-estate-market/

#108 Gary C on 11.05.19 at 11:00 pm

I went to a Wexit meeting in Edmonton, it was well attended and not just by Rednecks. I disagree with several of their platforms, re a separate currency, country, etc, but WILL support them.
The west needs a movement like WEXIT, party status will come soon, re candidates, provincial, federal.

This movement will grow FAST, and is essential, as it will give Jason, and the Conservatives more bargaining power
in fact it will make them look good. If Quebec can do it so can we out west.

#109 Sail Away on 11.06.19 at 2:23 pm

#91 James on 11.05.19 at 11:39 am
#6 Always Lurking on 11.04.19 at 5:20 pm

Trump is doing a fantastic job!
_________________________________________
Yes he is but he was not elected as a comedian, he was elected to run a country.
Right now he is running the country at 160 kph with very little fuel in the tank. It will run out of gas and that is a lot of credit he has racked up on the gas card!

—————————–

The US economy is roaring because Trump is doing what he promised: Fight illegal immigration, stop Chinese exploitation, restore the military, move the judiciary back to respecting the Constitution. A dozen other policies and he’s playing the game well. NATO is stronger. Unemployment is at record lows. Manufacturing is up. The apology tour is over. He is supporting the cops.

Canada’s economy seems to be ok because we’re next to the US, but it’s mostly illusion. Reduce, reduce, reduce maple holdings and go interlisted with the ones you do hold.

#110 AGuyInVancouver on 11.06.19 at 4:58 pm

#108 Gary C on 11.05.19 at 11:00 pm
I went to a Wexit meeting in Edmonton, it was well attended and not just by Rednecks. I disagree with several of their platforms, re a separate currency, country, etc, but WILL support them.
The west needs a movement like WEXIT, party status will come soon, re candidates, provincial, federal.

This movement will grow FAST, and is essential, as it will give Jason, and the Conservatives more bargaining power
in fact it will make them look good. If Quebec can do it so can we out west.
_ _ _
I haven’t seen a crowd so white since a Trump rally.