Chow down

What a weird blog. Alberta Liberation Army news. The Greta Report. The Breeders’ Daily (canine division). Fear & Greed on Bay & Wall. The Tax Avoider. T2 and You. Canadian Investment and Conjugal Advice. And, of course, The House Horniness Hotline.

Today some morsels for all blog dogs to chew on. Apparently things are not exactly as they seem…

The Inconvenient truth about Van Real Estate

Dane Eitel is a nerdy statsguy contrarian deeply immersed in Van housing, and an avowed enemy of local realtors. They say the market’s rebounding with a 45% sales jump last month. He says phooey.

“The October data has come in and has been touted as a signal of strength from the Real Estate Board and optimistic analysts. The truth in the matter is prices are down almost 100 Thousand from October 2018. Over 300 Thousand from the peak. In addition the detached market produced an average sales price of $1,533,135, signaling no pricing momentum over the past quarter. Simultaneously falling behind the 10 year uptrend. What this means to us is the market is holding on for dear life.”

What’s it mean? Simple. Don’t buy, unless you like paying too much. Eitel says prices will be $100,000 less by the Spring, taking an average detached down to the bargain-basement level of $1.4 million, therefore affordable to hairdressers and apprentice plumbers across the LM. Some parts of the market have hit bottom (prices down 30%) while others continue to sag. Overall, house values will drop.

So why are sales higher?  “The market is experiencing need-based buying,” the analyst says. Prices 16-18% lower have mitigated the impact of the stress test, allowing those buyers who must purchase to move in.

What’s next? A flood of new listings in a few months. Buyers will be rewarded and owners (who held off waiting for a stronger market) punished. “Sellers are advised to take advantage of the fall market before the spring market is yet another disappointment.”

Stocks 157, Houses 127, Reits – insane

The meme among the chattering classes is that nothing beats real estate for making dough. Especially in a big city like Toronto. In fact it’s depressingly common for realtors to publish self-licking little blogs about stocks vs houses. Equities are rife with risk, they say, while buying a house with 20x leverage is a sure thing!

But it’s a lie, kids. At least in terms of pure market performance. According to BNN (which you should never watch) Bay Street delivered a 157% return over the past decade while Toronto real estate clocked in at 127%. But, the house-humpers cry, you can use leverage to buy a condo! And gains are tax-free!

Sort of. You can leverage a portfolio, too. And the interest is tax-deductible, unlike your mortgage. As for taxless gains, this applies only to a principal residence (no rental or flipped condos), and you pay a heavy price for that in the form of high closing costs, strata fees, property tax, insurance and maintenance, as well as huge selling fees. And while you get to live in real estate, it can also turn illiquid exactly when you want or need to bail.

Anyway, the big winner a REIT investment. Bay Street’s real estate investment trust index grew by 354% (dividends included) over the ten years. These things own and manage commercial real estate assets across the country, giving you 100% liquidity, almost no transaction costs, no ownership fees and no landlord headaches. For years we’ve been telling you to have a hunk of your portfolio in exactly this – and rent.

Ask it again: how does this end well?

Blah, blah, blah. Another item on the amount of debt people carry. No matter how many times the warning flares go up, seems nobody’s looking. But at some point the consequences will be memorable. Hopefully you will not be in the blast radius.

Families have achieved a brand new level of stupidity, and now owe $2.24 trillion (a trillion is a thousand times a billion) – which is bigger than the economy. It’s interesting to note there are about 8.5 million families, and in the past 12 months they borrowed another $82 billion, of which $64 billion was mortgages. Total mortgage debt is $1.6 trillion – which is a scary number since 40% of homeowners have no mortgage. Plus, interest rates are near generational lows and won’t be staying at this level, no matter how hard you close your eyes and click your heels.

Finally, we’ve been in a ten-year economic upcycle of rising asset values and expansion – as well as swelling loans. There will be a contraction. Equity values will fall. Debt levels will not. Anyway, nobody cares. So might as end this post…here. Chow.

 

199 comments ↓

#1 Popeye the Sailor Man on 11.11.19 at 3:52 pm

I did a speech today, thought I would share part of it here.

Nov 11th 1918 at 5:45am the terms for the armistice was signed that would come into effect at 11am. Meanwhile the bombs still fell and in Moselle a state of the art sound ranging technique on film recorded the these bombs right up to the time of the armistice then at The eleventh day of the eleventh month and the eleventh hour in 1918, 101 years ago the bombs fell silent. This was the war to end all wars, and the world said never again. Remembrance Day is about remembering the horrors and sacrifice of war, to remember the fallen but mostly to remember the loss so we don’t repeat our past errors and live in peace.

The fallen solders do want to be remembered but they did not seek this because “Patriotism is not necessarily dying for one country, but is for living for one’s county. And for humanity.” (Angnes Macphail) So we remember the fallen today and the rest of the year this job now falls on us. We have the heritage of freedom, reaped the benefits of peace, and have the responsibility to oppose what we believe is wrong for our country and for humanity.

#2 paracho on 11.11.19 at 3:54 pm

Another amazing blog .
Not a suck up!
Glad I hold my equities and REITs !

#3 NotLegalAdvice on 11.11.19 at 3:58 pm

What’s next? A flood of new listings in a few months. Buyers will be rewarded and owners (who held off waiting for a stronger market) punished.
– G.T.

Is this true for Toronto and the GTA? Or just BC?

#4 pbrasseur on 11.11.19 at 3:58 pm

Blah, blah, blah. Another item on the amount of debt people carry. No matter how many times the warning flares go up, seems nobody’s looking.

Bubbles are like that, wether it’s climate change or housing, critics are not welcome, at best you’ll be ignored, if it gets worse you will be ridiculed, insulted and censured.

In the end the truth will win though!

#5 Blah blah blah on 11.11.19 at 4:04 pm

Don Cherry works no more.

#6 crowdedelevatorfartz on 11.11.19 at 4:06 pm

$82 BILLION of new debt….of which $62 BILLION is mortgages……

Glad I have zero debt with a balanced and diversified portfolio…..

#7 LP on 11.11.19 at 4:06 pm

Anyway, nobody cares. So might as end this post…here. Chow.

But I wasn’t finished reading!!!!!!

#8 Sam on 11.11.19 at 4:18 pm

fired Don Cherry, lol

this country is so toast. No one defended , all afraid of the far left liberal controlled media. Freedom of speech is alive and well

GET OUT OF DODGE

Cherry brought it on himself. No pity. – Garth

#9 Property Accountant on 11.11.19 at 4:21 pm

Lets do some numbers….
1.6 Trillion in mortgages, 8.5 M families, 68% home ownership ratio, 40% houses paid off, 60% mortgaged.
1.6T / 8.5M /0.68 / 0.6, equals $461,360 average mortgage size on a mortgaged house in Canada.
—–Can someone confirm this? ——-
Monthly Payment on that is 2090$ , assuming 25 years and 2.6% fixed rate , which is widely advertised.

Thoughts on that?

#10 Even the flocks of snow geese ... on 11.11.19 at 4:23 pm

were singing overhead today as the wreaths were placed, just as the sun came out. Most people out that I have seen yet by far. RIP.

#11 Tiger of Winter on 11.11.19 at 4:24 pm

Thanks Garth. You are correct; the comeuppance will be memorable. Few will likely survive intact.

#12 MF on 11.11.19 at 4:32 pm

Refrained from commenting yesterday. Assumed there would be a lot of trash in there. Took a peak today and was 100% correct. Usual mix of conspiratards, trolls, and miserable people. Glad I abstained.

Anyways,

I disagree with this statement:

“Plus, interest rates are near generational lows and won’t be staying at this level, no matter how hard you close your eyes and click your heels”

-Are we sure about that? No matter how much our central banks “warn” about “dangerous” debt levels, they continue to keep rates too low (or stupidly cut).

MF

#13 About Don Cherry on 11.11.19 at 4:40 pm

DELETED

#14 Don Cherry - Realtor on 11.11.19 at 4:43 pm

Got some free time now and I’m looking for new opportunities, Gartho, and I hear real estate is booming and never goes down.

Just like the Bruins when I coached them. Until, um, the playoffs….

Can I pick up my license at Circle K?

Grapes

#15 Damifino on 11.11.19 at 4:50 pm

Cherry started up his mouth before engaging his brain. A bit of a Ralph Klein moment, I suppose. A sad way to exit, but I guess it had to happen some time.

I feel sorry for Ron MacLean. He seems to have been completely blindsided. Possibly his most embarrassing moment on camera. He’s probably toast too.

#16 ImGonnaBeSick on 11.11.19 at 4:52 pm

Article today in the Financial Post recommended the government cap TFSA contributions to 100,000 – 250,000 by some shidiot in ottawa.. why do I feel this is just a way to soften the public to future policy change? Why can’t “those people” leave everything alone?

#17 Don Guillermo on 11.11.19 at 4:53 pm

#8 Sam on 11.11.19 at 4:18 pm
fired Don Cherry, lol
this country is so toast. No one defended , all afraid of the far left liberal controlled media. Freedom of speech is alive and well

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

I can’t even imagine what they’d have done to him if he’d gone all blackface on us.

#18 crossbordershopper on 11.11.19 at 4:56 pm

who are we to pass judgement on why people overpay on houses. people overpay on stuff every day, buy stuff cant afford, dont need, wrong whatever, why not houses.
sure biggest purchase of your life, but hey , who saids people make good choices.
sure we all want to be conciensous and all but why does it matter. people live people die, people forget about what happened in the past, just look at rememberce day, the number of people who care goes down every year, since they have no connection to the war or the past etc.

#19 Dave on 11.11.19 at 5:05 pm

There will be a deep freeze over the next 3 months…all the builders now are praying for a busy chinese new year season in February.

Unless folks from hong kong flood the BC market…prices will continue to drop “big time”

#20 Flop... on 11.11.19 at 5:07 pm

I just got back from Fraser st.

Nearby is a cenotaph in Memorial Park where they hold the local Remembrance Day service.

People from all different ethnicities, some had a poppy on, some did not.

I observed Sikhs with poppies on.

I observed Chinese-Canadians with poppies on.

Virtually all the Air Cadets I saw were of Chinese heritage.

I said to my wife as we strolled along, maybe Don Cherry lives in the wrong neighborhood.

This is modern Canada…

M45BC

#21 Sail Away on 11.11.19 at 5:13 pm

Blackface PM, Don Cherry anti-immigrant rant, Scheer anti-gay marriage comments, Chrystia Freeland anti-Trump speech, Singh’s plan to penalize the wealthy.

Just the other day, a waitress called me Sir. Who is she to presume my gender identification?

This place is a hotbed of discrimination. Might have to go to the USA to find some tolerance.

#22 crazyfox on 11.11.19 at 5:24 pm

In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields. – John McCrae

We remember.

#23 Sam on 11.11.19 at 5:30 pm

I can’t even imagine what they’d have done to him if he’d gone all blackface on us.

…………

haha…..Canada is so far left , a nudge sends right over the cliff. Wait, our govt pays for elective sex change operations ..my bad, we are off the cliff. Thank goodness our senior’s healthcare is well taken care of, eh?

#24 leebow on 11.11.19 at 5:31 pm

On the other hand, net worth is over 10 trillion, although half of that is RE. *On average* we are fine.

Life insurance + pension = 2.5 trln
Other financial = 4.2 trln

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610058901

#25 Flop... on 11.11.19 at 5:31 pm

“What’s it mean? Simple. Don’t buy, unless you like paying too much. Eitel says prices will be $100,000 less by the Spring, taking an average detached down to the bargain-basement level of $1.4 million, therefore affordable to hairdressers and apprentice plumbers across the LM. Some parts of the market have hit bottom (prices down 30%) while others continue to sag. Overall, house values will drop.”-Thor Turner.

Things are still messed up here, boss.

Let me show you but one example out of many.

I remembered this Vancouver Special being on the market a few months back because of the distinct enclosed balcony.

https://www.zolo.ca/vancouver-real-estate/3027-east-20th-avenue

Well, when I was looking to see what was happening the other day it was back up.

I thought the deal must have fallen through.

This is Vancouver, and kooky crap happens, so I thought lets just check nothing stupid happened.

I found some stupid, alright.

Someone purchased it in late September 2019 for 1.33 and now a short time later it is back on for 1.18 and they seem destined to incinerate around 250k in less than 3 months.

The chance of buying this property, doing nothing and making a profit after expenses are pretty much zero.

Questions.

Why did they feel the need to pay well over asking, when there were similar houses available for the same kind of money?

Why did they pay over assessment, when most houses in the neighborhood are going at least 10% less than this number?

Were the buyers told to up their offers because other people were involved, when the detached market is pretty much flat as a pancake?

If the buyers didn’t do their due diligence, isn’t it the persons they hired responsibility to do so?

Why do people feel that it’s o.k to financially hobble someone…

M45BC

#26 islander on 11.11.19 at 5:35 pm

Sales have ground to an absolute halt in my neighbourhood (a resort community north of Victoria).
I arrived back home after a three month holiday to find the same 4 forlorn ‘for sales signs’, which were put up in August, still standing in front of my building.
Some listings here are being pulled and re listed as ‘new’ (that just means ‘new realtor’ – the last one couldn’t finish the job).
One day people will come to their senses. Whenever I feel like I should be an ‘owner’ again, I run the numbers and realize I am way ahead as a renter.
Thank you Garth.

#27 Tony on 11.11.19 at 5:35 pm

Speaking of Greta, the use of statistics to make a case can be amazing The misuse the same.

The real estate industry seems to be similar to the climate change industry in several ways. In the most annoying way, they attempt to make us believe that truth is not important when it comes to helping us understand what is going on. There are no facts that are not true.

In climate ‘science’ they like to make claims based upon some past point of time that they claim is relevant to demonstrate the disaster of the day. Then they eventually eliminate the evidence that the past existed as it did.

From the 1800’s through to the 1940’s, there was significant warming, daily highs and other indicators were a lot higher than we have experienced since then. From those years the temperature went down, to the point where literally the same people were warning us of a coming ice age and desired to melt the polar ice cap by putting coal dust and black soot all over it so it absorbed more solar energy.

Then in the 70’s temperatures started to get a bit warmer, not very much but enough for them to claim that we are doomed if we don’t quit eating food, a proxy for not using petroleum.

This real estate statistic is similar; “Bay Street’s real estate investment trust index grew by 354% (dividends included) over the ten years.”

Hmmm, says Tony what happened ten years ago in real estate? Well in 2008 there was this giant crash in it worldwide. Did prices and returns come back, you bet they did. But why? Could it have anything to do with quantitative easing? How about the increase in available commercial and personal debt availability? How about the increase in M1- M3? How about how we changed the method of measuring inflation? How was the REIT index from say 1988 to 2008? How did it do?

I’m not big on owning personal real estate as a result of the very smart analysis I have read over the years on the blog. I have profited as a result, thank you Dr. Garth!

But as I am more of a geezer now, and I understand underlying statistical methods, I have become highly skeptical of claims of gains or losses in many areas.

The key point in statistics to remember is that they are not meant to be tools for prediction in an accurate way. They tell us about the past, they help us to understand what happened, not what is going to happen. A linear regression, regardless of how mathematically sophisticated with is, just isn’t predictive.

#28 Greg on 11.11.19 at 5:47 pm

“#20 Flop… on 11.11.19 at 5:07 pm
I just got back from Fraser st.

Nearby is a cenotaph in Memorial Park where they hold the local Remembrance Day service.

People from all different ethnicities, some had a poppy on, some did not.

I observed Sikhs with poppies on.

I observed Chinese-Canadians with poppies on.

Virtually all the Air Cadets I saw were of Chinese heritage.

I said to my wife as we strolled along, maybe Don Cherry lives in the wrong neighborhood.

This is modern Canada…

M45BC”

I saw thing in Burnaby, and was thinking the same thing. All the young cadets were mainly of colour. Times are changing… but Grapes can’t change with the times. It’s a sad ending, but not surprising.

#29 Brian Ripley on 11.11.19 at 5:51 pm

Real Estate absorption rates (Sales/Listings) are a pretty good indicator of what the FOMO crowd is doing.

I track them on my Vancouver vs Toronto housing chart:
http://www.chpc.biz/compare-toronto–vancouver.html

I use total sales and total listings available, not new listings added and the October data have Vancouver coming in at 23% while Toronto is zooming at 55% !

I assume the Toronto real estate board has checked their data but back in 2016-2017 when Canadian markets were heading for new peaks TREB reported 15 consecutive months of absorption rates over 70% reaching a peak at 152% in March 2017. This can be seen on my Absorption rate charts: http://www.chpc.biz/mar-moi.html

No doubt TREB had problems in their data reporting, but if the current October 2019 Sales & Listings data are close to accurate, then Toronto is either rife with FOMO or sellers are moving money off the table with vigour and if you look at my Toronto Housing chart you will see a new high peak average price for condos at $617,419.

For that price you can get a single family detached in Calgary with change to spare for a 4×4.

#30 ts on 11.11.19 at 5:58 pm

They got rid of Don Cherry? Bye bye roger’s cell phone, internet, sportsnet – i’ll be cancelling all of my roger’s accounts asap.

#31 BlogDog123 on 11.11.19 at 5:58 pm

Cherry had to go…

Long running broadcasters like Bob Costas, John Madden and others realize they can’t do this well into their 60’s or 70’s, so just pack it in… Let the young’ins move up…

Look, you can’t keep working forever, so sometimes it’s time to call it quits…

At 85, he had a good run of putting his foot in his mouth, complaining about European players, French Canadians and all his other blow-hard statements he revealed over the years…

Ron McLean should pack it in too, go travel the world before you’re in long term care…

#32 NoName on 11.11.19 at 6:01 pm

I little bit over did it “yesterday” so I’ll cap my self one interesting read to post per day for a little while, if I came across anything interesting to me of course.

Here is interesting study guess from Cass Business School in London talks about mood, anxiety, management of cellphone battery life. Looks like we are entering era where time is becoming irrelevant…


“During interviews respondents discussed how a full battery gauge made them feel positive and as though they could go anywhere or do anything. Anything less than half full, however, induced feelings of profound anxiety and discomfort,”

https://phys.org/news/2019-09-battery-icons-perceptions-space-user.html

#33 Lost...but not leased on 11.11.19 at 6:02 pm

Here in LA…Nov. 11 is also holiday….NOBODY wears a poppy…don’t see much of anything in re: to what we do in Canada.

Re: Don Cherry…who cares???….either way. His firing is more a sign we are falling deeper into Orwellian nightmare.

#34 crowdedelevatorfartz on 11.11.19 at 6:05 pm

@#21 sail away
“Just the other day, a waitress called me Sir. Who is she to presume my gender identification?’
++++

Was it your moustache ma’am?

#35 You know val on 11.11.19 at 6:05 pm

Good call…

#36 Lost ...but not leased on 11.11.19 at 6:06 pm

#15 Damifino on 11.11.19 at 4:50 pm

I feel sorry for Ron MacLean. He seems to have been completely blindsided. Possibly his most embarrassing moment on camera. He’s probably toast too.

—————————————-

Ron McLean….???

I am sick of the twerp and his infinite attempts to sound relevant as well as his desperation to act funny.

Reminds me of Fartzman..must be related.

#37 Debt count on 11.11.19 at 6:09 pm

To property accountant, simple math is good to me,
Not that bad mortgages per family.

More math
What’s is Canadians debt to income
Average income $55,800
Total household debt 2.2 t
33 million beavers
16.6 million working
2.2 trillion /16.6 million or 132,500 per worker
55,800 average salary so 42 percent?
Canada’s government debt to GDP is 90 percent not counting provinces.
Are we okay or going for a debt crisis.

#38 Tommyboy on 11.11.19 at 6:09 pm

Where did 300%+ REIT earnings coming from? XRE made ~100% total in the past 10 years – still way behind RE.

And on top of that, you can only leverage stocks by usually 2x unless you go for ultralong ETFs (which regards in value over time even in flat markets).

#39 Yukon Elvis on 11.11.19 at 6:10 pm

I’m not sure what Don meant when he said “those people”, I think he meant “those people who don’t wear poppies” . He is 85 years old and always stepping on his tongue anyways. I give him a pass on this one. Fail to Ron McLean for throwing him under the bus. Fail to Sports Net for firing him on Remembrance Day.

#40 Edward Bear on 11.11.19 at 6:12 pm

#5 blah blah blah

Don Cherry works no more Doo-dah Doo-dah

#41 crowdedelevatorfartz on 11.11.19 at 6:17 pm

@#15 Damfino
Don Cherry.
Cant say I’m surprised.
A lumbering verbal dinosaur destined to trip over his own words.
Well it will be interesting to see who they drag out to become “ahem” the color commentary for the remainder of the Hockey Season.
If “The National” Peter Mansbridge’s four replacements as lead anchor for a National New show are any example……
The PC crowd will be tripping over themselves to nominate an unoffensive, pablum eating, milquetoast that will drive the tv ratings into the basement…..

Over to you CBC……..

#42 RWZM on 11.11.19 at 6:21 pm

“Sort of. You can leverage a portfolio, too.”

Where?

Questrade says that I can leverage 2:1 and the interest is 4%.

People who levered up on a primary residence were levering about 20:1 with a lower percent interest that was offset by the lack of rent.

If I can lever even as much as 10:1 somewhere, please let me know.

#43 Russ on 11.11.19 at 6:22 pm

Don’t Cherry is only 85 years old. What’s he going to do for work now!

The media just stripped away his livelihood. And Ron MacLean since he’s irrelevant now.

#44 Dual Citizen In Canada on 11.11.19 at 6:24 pm

“Everyone”, or, “Everyone in Canada”. How hard was that to say, Don?

#45 oh bouy on 11.11.19 at 6:30 pm

Shame on don cherry and his apologists.
Can’t say i’m surprised, only a matter of time before he crossed the line.

#46 TurnerNation on 11.11.19 at 6:30 pm

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#47 Xpat on 11.11.19 at 6:32 pm

Big time weekly bullish divergence in preferreds – ZPR & CPD – Garth called it. I’m buying.

Always follow the money

#48 crowdedelevatorfartz on 11.11.19 at 6:33 pm

And now onto a searing question of National importance.

Does this mean Don Cherry’s suits wont be displayed in the Hockey Hall of Fame?

The shame and disappointment are palpable….

#49 Joseph R. on 11.11.19 at 6:34 pm

#39 Yukon Elvis on 11.11.19 at 6:10 pm

Cherry said.“You people love, you that come here, whatever it is, you love our way of life, you love our milk and honey, at least you can pay a couple of bucks for poppies or something like that. These guys paid for your way of life that you enjoy in Canada.”

It is evident to us all here in the blog that reading comprehension isn’t one of your strong skills

#50 Cottingham a bargain on 11.11.19 at 6:39 pm

What a p$&)y Ron Maclean is . Should be ashamed of himself for that pathetic and embarrassing public apology .

Go into retirement with your head held high Don. The truth has become impossible to deal with in this lefty , liberal blackface run country.

#51 Paul on 11.11.19 at 6:48 pm

#39 Yukon Elvis on 11.11.19 at 6:10 pm
I’m not sure what Don meant when he said “those people”, I think he meant “those people who don’t wear poppies” . He is 85 years old and always stepping on his tongue anyways. I give him a pass on this one. Fail to Ron McLean for throwing him under the bus. Fail to Sports Net for firing him on Remembrance Day.
————————————————————————————————
You think they give a flying F about Remembrance Day?
It’s always the the money!!

#52 fishman on 11.11.19 at 6:51 pm

Cherry brought it on himself. Ok, given thats a truism lets follow that train of thought. He says “those people” kind of ambiguous to extrapolate to new immigrants, but I’ll give you that was the intent. Now the hill he stood on was buying a poppy. Pretty solid ground there. If you wanted to martyr yourself thats as good a redoubt as any. Remembering, he is a very well read self educated military historian.
Leaders by the 20th century recognized the power of martyrs. Englishmen, wanted to hang Gandhi. Even killer extraordinaire Stalin accepted that Trotsky couldn’t be killed, only exiled. Wiser heads prevailed.
Cherry has a large & devoted following. His tribe will add his purge on to their pile of grievances. More urban elite PC BS. Wiser heads would of gently eased the old curmudgeon out of power. Now we get another big sledgehammer whack on that populist/progressive wedge.
On this Remembrance Day lets think of our wartime leader Mackenzie King during our greatest ever internal threat to confederation, the conscription crisis.
“Conscription if necessary, but necessarily conscription.”
Thats the Canadian way out of these jams.

#53 akashic record on 11.11.19 at 6:58 pm

The teenage climate messiah can speak her mind freely, the 85 year old gets nailed for the same.

What an moronic comment. – Garth

#54 Spaccy on 11.11.19 at 7:04 pm

Don’t Cherry is only 85 years old. What’s he going to do for work now!

————————————————–
I’m sure he’ll survive–he’s got all that sweet dog treat $$$ coming in.

#55 Randy on 11.11.19 at 7:07 pm

Keep your assets hidden or in Offshore like Trudeau and Morneau. Your Marxist Government is broke and the next phase will be wealth taxes and higher taxes on visible assets.

#56 Captain Uppa on 11.11.19 at 7:11 pm

Canadians are fine. They pay their bills.

A major economic recession would just hang out the super leveraged who think they could make millions owning and selling 10 properties at a time.

#57 Nonplused on 11.11.19 at 7:20 pm

Is this the real Garth today? I can’t remember a 11/11 post that was not touching and off the regular subject. I see some of the comments are on it though.

Every generation forgets and dismisses the sacrifice their for-bearers made. We see it everywhere, for example when climate protesters use twitter to organize their traffic jams. But let us not forget that those who went before us, some of whom died in terrible wars, gave to us the society we have and the wealth we enjoy.

To my mind, only Good Friday deserves more solemn reflection. On Good Friday we commemorate the fact that God sent one man to save the world, and he paid the ultimate price. On 11/11 we commemorate the many men who volunteered their lives to do likewise and also paid the ultimate price.

If they have internet in heaven, peace be with you most distinguished servants of humanity, and my thanks.

You must have missed the photo yesterday. – Garth

#58 Dave on 11.11.19 at 7:25 pm

Sure one can use leverage with a portfolio, but it entails much risk and likely only advisable for certain age bracket and if one is in the top tax bracket. So you can’t compare the gain on a REIT with some chump who bought a house through dumb luck with 20 percent down and tripled the Value.

#59 earthboundmisfit on 11.11.19 at 7:27 pm

This evening, a CHCH (the Hammer) news host wished everyone a happy Remembrance Day. Unbelievable.

#60 Remembrancer on 11.11.19 at 7:28 pm

#41 crowdedelevatorfartz on 11.11.19 at 6:17 pm

Sorry, not the CBC, Coach’s Corner is/was a Rogers Sportsnet property…

#61 Nonplused on 11.11.19 at 7:30 pm

Why are so many people talking about Don Cherry?

He’s going out as he came in, controversial. I think he was looking for an excuse to retire anyway. Do I agree with his comments? No. They are his. But he has had his say and I don’t think he’s suffering financially.

It was deeply wrong of Don to single out immigrants. Our own children are probably worse.

#62 Nonplused on 11.11.19 at 7:32 pm

You must have missed the photo yesterday. – Garth

No I saw it but usually you make a very moving blog on 11/11. I guess it is unreasonable for me to expect you can keep that up every year, and we all know where your heart is on the matter.

#63 oh bouy on 11.11.19 at 7:37 pm

Interesting that that even the Canadian Legion denounced cherry’s diatribe. That must really sting for don. Sad way to go out for him.

#64 Yukon Elvis on 11.11.19 at 7:45 pm

#51 Paul on 11.11.19 at 6:48 pm
#39 Yukon Elvis on 11.11.19 at 6:10 pm
I’m not sure what Don meant when he said “those people”, I think he meant “those people who don’t wear poppies” . He is 85 years old and always stepping on his tongue anyways. I give him a pass on this one. Fail to Ron McLean for throwing him under the bus. Fail to Sports Net for firing him on Remembrance Day.
————————————————————————————————
You think they give a flying F about Remembrance Day?
It’s always the the money!!
…………………….

If it is about the money Sports Net and Rogers will lose a pile cuz Don had quite a big following. Viewership will be down.

#65 MF on 11.11.19 at 7:48 pm

#56 Captain Uppa on 11.11.19 at 7:11 pm

News flash: that’s everyone.

Don’t worry though. We all know interest rates will be kept artificially low in order to prop up whatever overpriced garbage you’ve accumulated as “investments” in GTA real estate.

Plus, you count on absolutely shorted sighted, foolish, and idiotic policy coming out of whoever is in power to buy votes, so that everyone’s else’s overpriced garbage “investments” will continue to go up too.

I’m still bullish for all these reasons! Uppa Uppa!

MF

#66 Sebee on 11.11.19 at 7:55 pm

Cherry brought it on himself. No pity. – Garth

I don’t get it….the sensitivity. What did he say that’s wrong? Here is an 85 year old dude – which is not an excuse, but let’s not overlook that he is of certain vintage – and is paid to rant and be opinionated and suddenly we don’t like a thing he said and he’s toast?

I also don’t believe he says “you people” in any hateful way, it’s his “you folks” of “people on the other side of the screen” and he’s calling for united show of support for people who defended our way of life. It’s on TV too…”you people” do everything you see or hear on TV? Was there some audit today to see if everyone bought a poppy and those that didn’t needed an excuse?

Would it shock you people to learn that military branches pay the pro sports leagues good money for all this military endorsement and marketing? They see sports viewers as a good recruitment target obviously.

We are so damn sensitive…ooh watch my feelings, I’m made of cotton candy. I demand an apology and I demand satisfaction! You offend me TV! How dare anyone have an opinion! How dare they express it!

Go ahead news, just tell me what a celebrity tweeted would you please? And don’t you dare dig deeper or do research.

Garth, if we looked at your archives here there is just as much stuff as Cherry that some could take out of context or be fake outraged about. But we know how you meant it and that you come from a good place. So did Cherry. Least you could do is acknowledge the over reaction and fake outrage. He was going anyway, but in the end he didn’t deserve to go like this. They’ll bring him back.

Oh…and I have no problems voting on this over sensitivity with my remote. I will contribute to the lower HNIC ratings personally. Not because I love Cherry, but because I can’t stand this spineless media political correctness. Budwiser with their press release too…almost as repulsive as their beer.

#67 Millennial Realist on 11.11.19 at 7:55 pm

Be part of the change.

Or be run over by it.

Like Don Cherry.

OK, Boomers?

#68 Yukon Elvis on 11.11.19 at 7:55 pm

#49 Joseph R. on 11.11.19 at 6:34 pm
#39 Yukon Elvis on 11.11.19 at 6:10 pm

Cherry said.“You people love, you that come here, whatever it is, you love our way of life, you love our milk and honey, at least you can pay a couple of bucks for poppies or something like that. These guys paid for your way of life that you enjoy in Canada.”

It is evident to us all here in the blog that reading comprehension isn’t one of your strong skills
…………………

Cherry used the words “you people“. Vague, but possibly inferring “those that don’t wear poppies”. I give him the benefit of the doubt, unlike you who assumes the worst. You are the one that needs help.

#69 45north on 11.11.19 at 8:03 pm

Don Cherry:

Cherry, 85, had singled out new immigrants in Toronto and Mississauga, Ont., where he lives, for not honouring Canada’s veterans and dead soldiers.

https://ottawacitizen.com/news/canada/don-cherry-fired/wcm/dfd16f4a-bb6c-4e22-bb1c-45efefae43c9

He said “These guys paid for your way of life that you enjoy in Canada.” Which they did. Cherry is 85 which means he was 10 in 1944, living in Kingston. Too young to join the Army but old enough to remember.

But there’s something else here. You can hardly blame someone from Syria for not knowing about the sacrifices Canada made before he was born. Let’s call him Fadi. It wasn’t Fadi that was so offended that he fired Cherry but it was Sportsnet executives who fired Cherry. On Fadi’s behalf.

#70 Drill Baby Drill on 11.11.19 at 8:05 pm

Don Cherry did not technically say anything wrong. There are too many sensitive snowflakes out there. Many many immigrant people wear poppies. I dislike what we have become in our society.

#71 oh bouy on 11.11.19 at 8:06 pm

@#68 Yukon Elvis on 11.11.19 at 7:55 pm
#49 Joseph R. on 11.11.19 at 6:34 pm
#39 Yukon Elvis on 11.11.19 at 6:10 pm

Cherry said.“You people love, you that come here, whatever it is, you love our way of life, you love our milk and honey, at least you can pay a couple of bucks for poppies or something like that. These guys paid for your way of life that you enjoy in Canada.”

It is evident to us all here in the blog that reading comprehension isn’t one of your strong skills
…………………

Cherry used the words “you people“. Vague, but possibly inferring “those that don’t wear poppies”. I give him the benefit of the doubt, unlike you who assumes the worst. You are the one that needs help.
________________________________

I’d give the old guy the benefit of the doubt as well if this was just a him fumbling his words. It wasn’t though.
really a sad way for him to go out.

#72 islander on 11.11.19 at 8:12 pm

“…the word iconic once meant structures “where power and community were exhibited. ‘Vancouver House’, as it leans over the city, simply reminds all beneath that to the rich go ever more exclusive spoils.”

As we are dazzled, we should ask, “This is good, but is it right?”

https://thetyee.ca/Culture/2019/11/11/Vancouver-House/

#73 About Don Cherry on 11.11.19 at 8:14 pm

DELETED

#74 MF on 11.11.19 at 8:15 pm

#50 Cottingham a bargain on 11.11.19 at 6:39 pm

Is that the truth though? Do we know that immigrants are less patriotic than Canadian born individuals?

What Don was saying is that you can tell as much just by looking at someone, and then seeing whether they are wearing a poppy or not.

The message:

-Don is saying he can tell who looks “Canadian”.
-Don is saying they are less patriotic (no poppy)
-Don is saying they are only using Canada for their own gain, which is pretty negative.

Ultimately, he is speaking in absolutes, and his statements are divisive. That is the problem. Not “leftism”.

Why didn’t he just remind everyone to wear the poppy and its significance?

MF

#75 crowdedelevatorfartz on 11.11.19 at 8:15 pm

@#52 fishman
“Stalin accepted that Trotsky couldn’t be killed, only exiled.
“”””””””””

I guess the icepick to the brain was self inflicted?

“Trotsky was assassinated in Mexico City by Ramón Mercader, a Spanish-born NKVD agent. On 20 August 1940, Mercader attacked Trotsky with an ice axe and Trotsky died the next day in a hospital. Mercader, who acted upon instruction from Stalin”

#76 AB Boxster on 11.11.19 at 8:15 pm

Be part of the change – ‘Millenial realist’

—————-
Hah. Cuz that’s all you will ever have in you pockets or amount to.
Small change.

Us boomers will never change to your PC nonsense.
And guess what. We don’t have to, we have all the effing money.
And we’re happy to spend it all before we die.

You know, running up our CO2 contributions through our never ending plane trips and big SUVs. And then when I die i’ll be sure to make sure I get credited using the most CO2 intensive way possible.

You can rent in your crappy 300sq ft hole forever.

Ok smallennial?

#77 crowdedelevatorfartz on 11.11.19 at 8:18 pm

@#67 Ok Millie

“Like Don Cherry…..”

++++++

Don Cherry net worth: Don Cherry is a Canadian ice hockey commentator, retired professional hockey player, and NHL coach who has a net worth of $14 million……

#78 yorkville renter on 11.11.19 at 8:18 pm

Flop at 20

Spot on!

#79 What do I think I know? on 11.11.19 at 8:19 pm

Housing will NOT devalue. Negative rates are coming.

#80 Nonplused on 11.11.19 at 8:20 pm

#63 oh bouy

Folks, Don is 85 years old! How he lived that long is anyone’s guess, but we shouldn’t be surprised by the odd “grandma moment”. This is why Dog help us all if they elect Bloomberg or Sanders in the US. Trump, in my opinion, was already too old. Leaders should be between 35 and 65 years of age. Not younger, not older.

#81 Reximus on 11.11.19 at 8:26 pm

Cherry is fine to call people out for not wearing/buying poppies, that’s his thing (although why didn’t he serve? hmmm)

But why call out new Canadians when lot of us born here dont do poppies either

#82 About Don Cherry on 11.11.19 at 8:29 pm

DELETED

#83 Ustabe on 11.11.19 at 8:30 pm

Storytelling on this comment section, I’ve learned from long experience, always contains a murky mix of misinformation and rumor and make-believe. It’s a place where subtle kinds of delusion run deep, where everyone’s favourite dog whistle gets tossed around, no matter how ragged the reality.

Defending the indefensible…go onto any hockey forum now and read the overwhelmingly negative reaction not to Sportsnet’s actions but to Cherry’s choice to say the quiet part out loud. I frequent the Canucks various forums, a fan base with a significant component of Desi, First Nations and Asian fans. To say the conversations of a hockey forum are more nuanced and enlightening than the whiny positions put forth here would be an understatement.

Within hours the CRTC or whoever it is had their phone and Internet lines overwhelmed by complaints from across the nation. He made it into the New York times for all the wrong reasons.

Wasn’t govt that stopped him, it was the free speech of thousands & thousands of voices saying “no” to bigotry. It showed – there are public consequences for irresponsible speech, especially coupled with a defiant unwillingness to apologize.

Some of you, so willing to carry water for those who care not a whit about you, are really showing the rest of us who you really are. You have lost your humanity. No wonder you are so bitter and contemptuous.

Those that chose to defend him, to pretend his words meant less than they did are exposing themselves for what they truly are.

#84 oh bouy on 11.11.19 at 8:37 pm

@#76 AB Boxster on 11.11.19 at 8:15 pm
Be part of the change – ‘Millenial realist’

—————-
Hah. Cuz that’s all you will ever have in you pockets or amount to.
Small change.

Us boomers will never change to your PC nonsense.
And guess what. We don’t have to, we have all the effing money.
And we’re happy to spend it all before we die.

You know, running up our CO2 contributions through our never ending plane trips and big SUVs. And then when I die i’ll be sure to make sure I get credited using the most CO2 intensive way possible.

You can rent in your crappy 300sq ft hole forever.

Ok smallennial?
______________________________

triggered

#85 FreeBird on 11.11.19 at 8:41 pm

Belated but excellent explanation of how poppy came to be a strong symbol of remembrance. Which should be worn by freedom of choice to honour the freedoms we still have (so far):

https://www.legion.ca/remembrance/the-poppy/history-of-the-poppy

In memory and thanks to my grandpa and father-in-law and the women who did their part. And all our military personnel from all backgrounds. I will always support the soldier but rarely the war.

“War may sometimes be a necessary evil. But no matter how necessary, it is always an evil, never a good.” -Jimmy Carter

#86 Shawn Allen on 11.11.19 at 8:51 pm

Implausible!

#83 Eks dee Siple on 11.11.19 at 9:36 am said sagely:

Art Laffer, what a laugh. Tax rates are too high because commercial banks are legally allowed to create money out of thin air without any contribution to the economy other than enslaving the population with debt.

*************************
Is that money from thin air thing remotely plausible? Must there not be more to the story? Like the created money is a deposit that belongs not to the bank but to the borrower and soon to the vendor where the borrower spends his deposit/loan and the bank must pay interest on the deposit maybe? And attract the deposit back with a competitive interest rate when it gets deposited in a different bank as the borrower spends the deposit/loan?

Meanwhile is Esks all-in on bank shares? I mean if that is even remotely true why do banks trade not a whole lot over book value? Weird?

#87 Figure it Out on 11.11.19 at 8:55 pm

The man’s prime directive was to sell pickup trucks and beer to the broadest range of Canadians — immigrant and native-born. He could — and did — say pretty much anything he wanted as long as it didn’t jeopardise that.

https://www.youtube.com/watch?v=53VUs8dlUt4

#88 Andrewski on 11.11.19 at 8:57 pm

Some of tonight’s commenters seem like someone urinated on their Grape-nuts.
Hopefully everyone went to their local Remembrance Day Memorial & thanked the Veterans for their service, heroically made, by choice.

#89 Ronaldo on 11.11.19 at 9:01 pm

Interesting article on Fossil Fuel Subsidies

https://www.iisd.org/faq/unpacking-canadas-fossil-fuel-subsidies/

#90 ts on 11.11.19 at 9:10 pm

@79, Sure – whatever you need to tell yourself.

#91 AB Boxster on 11.11.19 at 9:13 pm

https://torontosun.com/opinion/columnists/goldstein-we-all-need-a-liberal-re-education

https://torontosun.com/opinion/columnists/agar-the-pc-mob-attacking-don-cherry-is-so-hypocritical-its-laughable

The left’s hypocrisy knows no bounds.
And this, Millenial Realist, is why boomers and every other person with any intelligence, rejects your vision of the world.

It is also why Canada as a nation is lost and not really worth saving.

If you are not a leftist Liberal or NDP nutcase please feel free to come to Alberta. We don’t vote for blackface Liberals or Marxist leaders here.

And we still consider the quality of the individual rather than the special interest group you identify as, on any particular day.

#92 I believe everything on Television on 11.11.19 at 9:14 pm

re don cherry
it’s a psyop, predictive programming
to get y’all ready for the new hate speech legislation,
self censorship is best

#93 Lost...but not leased on 11.11.19 at 9:17 pm

#52 fishman on 11.11.19 at 6:51 pm

QUOTE:
Leaders by the 20th century recognized the power of martyrs. Englishmen, wanted to hang Gandhi. Even killer extraordinaire Stalin accepted that Trotsky couldn’t be killed, only exiled. Wiser heads prevailed.
=====================

Intriguing and VERY relevant…

Trotsky had been intercepted by Canadian authorities….who were told to release him by higher powers.

WW1 often overshadows the Bolshevik Revolution which was funded by NYC bankers. Approx. 30,000 revolutionaries were trained in the New York area.

Stalin style communism is basically Banksters funding both sides of a conflict and:
(i) having the winners pay exhorbitant loans and sharing in the spoils
(ii) Losers paying exhorbitant reparations(Versailles Treaty)
….the bigger the mutual slaughter the better.

Trotsky was the flip side of communism…..infiltration from within …the ancient Greeks warned that any given nation can withstand enemies at the gates…but never within the gates. Call it Cultural Marxism.

IMHO..Trotsky is WINNING !!!

#94 Deplorable Dude on 11.11.19 at 9:17 pm

Maybe these folks lost their poppies?

British poppies have safety pins. They stay put. I’m always losing the Canadian pin poppies. Don’t stay in, and/or stab you in the chest.

And on this day of remembrance, here is one of most poignant/moving commemoration I’ve seen to the dreadful loss in war.

The final few moment of the final episode of probably the greatest British comedy series….Black Adder.

“Good luck everybody”

https://youtu.be/vH3-Gt7mgyM

#95 yorkville renter on 11.11.19 at 9:20 pm

#87 – I cant help but think ‘this guy is living in the past’… everything you spouted is a caricature, not reality.

If Canada is not worth saving, please feel free to leave

#96 Lost...but not leased on 11.11.19 at 9:21 pm

#86 Ronaldo on 11.11.19 at 9:01 pm

Interesting article on Fossil Fuel Subsidies

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

Here in LA..we visited the LaBrea TarPits today…….which NUKE the “fossil” theory in fossil fuels.

More later.

#97 akashic record on 11.11.19 at 9:21 pm

#53 akashic record

OK, boomer.

#98 ImGonnaBeSick on 11.11.19 at 9:22 pm

67 Millennial Realist on 11.11.19 at 7:55 pm

——

I’d rather be run over.

#99 Blackdog on 11.11.19 at 9:23 pm

@Non-plussed re: ” I can’t remember a 11/11 post that was not touching and off the regular subject…To my mind, only Good Friday deserves more solemn reflection. On Good Friday we commemorate the fact that God sent one man to save the world, and he paid the ultimate price…usually you make a very moving blog on 11/11. I guess it is unreasonable for me to expect you can keep that up every year….”

You didn’t find yesterday’s blog moving? I did.

Interesting that you appear to believe in ‘God’, whereas the science behind man-made climate change has you shooting the messengers.

#100 Shawn Allen on 11.11.19 at 9:26 pm

How much is oil and gas subsidized?

Well, just whatever amount you would like. Simply torture the numbers until they confess to your desired number.

#88 Ronaldo on 11.11.19 at 9:01 pm
Interesting article on Fossil Fuel Subsidies

https://www.iisd.org/faq/unpacking-canadas-fossil-fuel-subsidies/

************************
All of the examples show not real cash subsidies but just governments collecting less than standard tax or royalties. How much tax and royalty can high-cost oil sustain in a low-price environment. Not much.

Alberta oil sands cannot afford the same royalties as from areas where you stick a pipe in the ground and oil comes out. I oil sands It’s not a case of “Up through the ground came a bubbling crude” Texas tea… oil that is. (or something like that)

#101 Robert Ash on 11.11.19 at 9:34 pm

I am hopeful, this Blog, will take a pause on the Racist, Climate, and Trump commentary, and focus on Financial discourse. As a relatively new Investor, for example, I would like Garth’s and Blog Opinion, on why he predicts, Interest rates will rise in the near term. I understand that interest rates as tools, to encourage growth, are now limited in effectiveness, that there will be a change to Fiscal Policy stimulus, ie More Debt structures, and that Theoretically this will have an impact on Interest rates, forcing them upwards, as Soverign Debt will cost more… However the collary to this is the increasing Debt Levels, that have to be sustained, and there is a breaking point of Debt servicing, both Consumer and Governments. Most G7 Countries, have terrible Balance sheets, especially when all Sovern Debts are accounted for… So how does, the Policy makers, allow interest rates to increase, while limiting there own positive cash flow… Certainly there is a potential for Job Losses, and that appears to be happening in Western Canada.. So is the Printing of Fiat Currency the option… I expect that will be the case… So we have currency devaluation, on the Horizon… or Inflationary rates… I feel a significant Negative development in Canadian Debt repayment, caused by Job Losses, like in Alberta, Sask, and BC will be the first change, to the current positive and long Business cycle… I always, liked Don Cherry, he has always been outrageous…give him a pass he was pushing for Canadian Vets… But it would be great to use our time here, to help each other make the best Financial decisions, possible.. If a Balanced and Diversified Portfollio is 60/40, why not talk a little more about the Bond Market, and how it is a difficult market to navigate… or what is considered a likely outcome, in the next 24 months..

#102 coachescrooner on 11.11.19 at 9:35 pm

Garth,

There is a job opening on Coaches Corner. I am sure you would fit right in. Go for it bud!

#103 Shawn on 11.11.19 at 9:51 pm

Again misleading.

You’re measuring performance off of the 2009 lows (ie 10 years ago).

And no you can’t leverage a portfolio the way you can leverage real estate. You can’t put $50K down and get a $1M S&P500 ETF but you can buy a house this way.

REITs have performed well but the stand out winner over the last 10 years has been US technology (ie Nasdaq 100 and other tech sub sectors).

TSX performance over the last 11 years relative to other asset classes has been poor.

#104 the Jaguar on 11.11.19 at 10:02 pm

@#191 BillyBob on 11.11.19 at 1:46 pm
I celebrated by burning 53 tons of fossil fuels (also known as Jet A) flying 350 people from London to Los Angeles.

MERCY! The words of a provocateur! One who well understands that economic growth requires energy, and not in the wistful form of solar or wind power, which while worth pursuing are grand examples of an ‘inconvenient truth’. Did you notice any flaring of methane gas from american fracking sites into the atmosphere as your ship flew over the heavens? Another inconvenient truth. Be sure to alert the greenies. But as today is November 11th I will just focus my attention on the greatest ships ever flown in defense of freedom. The Lancaster and the Halifax and the brave men who kept them aloft and the rest of us safe. The Jag had one uncle who perished and another who was awarded the DFC. Never forgotten.
‘Chow Down’. Delicious, Garth. . Bandit is a ‘Chow’, is he not? And I am beside myself with the use of ‘chattering classes’. Oh me.
I cannot agree more with Garth’s words about the coming ‘contraction’. It all aspects of life as we know it. One senses a coming swift and sharp tug on the leash of entitlement so many have become accustomed to these past twenty plus years. The chickens inevitably come home to roost.
The payoff approaches for those who have stayed focused, lean, diversified and importantly flexible.
Chao, ciao, or chow. Whatever floats your boat or airship.
I salute the Buffalo Squadron.

#105 DON on 11.11.19 at 10:03 pm

#56 Captain Uppa on 11.11.19 at 7:11 pm

Canadians are fine. They pay their bills.

A major economic recession would just hang out the super leveraged who think they could make millions owning and selling 10 properties at a time.
****************

Hopefully there are not that many super leveraged people out there. Like who owns more than one property.

#106 DON on 11.11.19 at 10:05 pm

Don Cherry – who cares! Really think about it.

#107 Figure it Out on 11.11.19 at 10:09 pm

#101 Robert Ash — “I am hopeful, this Blog, will take a pause on the Racist, Climate, and Trump commentary, and focus on Financial discourse.”

I wouldn’t hold your breath. Read Garth’s post here where he says “The IQ of this site seems to erode every time the testosterone level rises. That usually happens when we talk about investing.”. As well, the blog attracts significantly fewer comments when the topic is investing, and more comments on the Deplorable days. Garth has pulled out the flowers and watered the weeds, and this is the result.

#108 Sebee on 11.11.19 at 10:09 pm

#69 45north

but it was Sportsnet executives who fired Cherry.

Oh these damn executives. You know, it is they who think we know what we want. And what we want is any content that will bring certain age demographic so that they can sell advertising spots without offending any sponsors. Guns being put to people’s heads at dinner hour? No problem! Excellent non-offensive content. Call for all to buy a poppy – how dare he!

Executives in any art form have been killing expression for some time. Music. Radio. Television. Any form, the art has been killed.

What’s funny to me is that these self proclaimed executive gurus are eating it in a giant way as the streaming platforms hand them their butts. Rogers and this NHL deal – oh the beating Rogers is taking is so satisfying. Oh and I don’t care what they say…to me it is and always will be the SkyDome!

And you know what – they deserve the beatings they are getting. I have no reservation not watching HNIC going forward – not because I like Cherry or want to defend him, but because I’m tired of this political correctness pandering and sensitivity by these execs. Everything can’t be all things to all people. These execs don’t give a crap about your comments of opinions, even if the vast majority knew exactly what Cherry said. They care about ratings – and those decreasing after this decision they will quickly and easily understand. And decrease they will.

We need all opinions and need to listen to opinions – it’s parts of inclusiveness. Without hearing opinions we can’t hush it out, work out which are best for us all. Cherry is entitled to his. I’m entitled to mine. You’re entitled to yours. And you know what – to pay him to express his, and then fire him for having it is….what’s the word I’m looking for here to describe the executives who did so? Oh yes…weasels. Yup…they are slippery double-talk weasels….most likely bitter that Cherry was making more money then they are and with the losses in the Rogers NHL deal, cost savings is the name of the game. Onto you MacLean – jump higher, smile bigger, say the right PC suckupee things and most importantly kiss the executive’s ring Ron! They are soooo important.

#109 Figure it Out on 11.11.19 at 10:10 pm

I meant to add that your best bet may be to read the blog from the beginning, skipping the comments unless you’ve way too much time on your hands.

#110 Dog Breath on 11.11.19 at 10:12 pm

As far as remembering those that died for their country, I can help of think of the quote from General George Patton:
“No bastard ever won a war by dying for his country. He won it by making some other poor dumb bastard die for his country.”

#111 Barb on 11.11.19 at 10:12 pm

“…You must have missed the photo yesterday. – Garth”

————————————————

Yesterday’s photo produced a huge lump in my throat.

5,000 miliary dogs went to war, none came home.
https://www.king5.com/article/news/nation-world/5000-military-dogs-went-to-vietnam-not-a-single-one-came-back-now-theyre-being-honored/507-559204229

I recall seeing the movie War Dogs years ago.

When the US finally pulled out, the South Vietnamese were afraid of the well-trained dogs, so the dogs were put into cages that had housed prisoners. After the Americans were gone, the locals shot the dogs.

Today at 11 a.m. my 5-1/2 year old grandson and I paused play for 2 minutes of silence. For the soldiers. “And the puppies that helped them”, he said.

#112 Dumb Wealth on 11.11.19 at 10:13 pm

Data from 2008-2018 (i.e. during the Toronto housing bubble) shows that you’d be better off buying a REIT index.

https://dumbwealth.com/toronto-homes-not-best-investment-2008-2018/

#113 Edna McCartney on 11.11.19 at 10:46 pm

Will Ron MacLean be back for battle of the blades though?

#114 TRUMP2020 on 11.11.19 at 10:58 pm

YOUR FIRED!!!!

The Apprentice was my favorite show.

But I never felt better then hearing DON CHERRY get the axe.

Go back to the horses arse you crawled out of.

SO LONG SUCKAAAAAAA!!!!!!

#115 John M Kaynes on 11.11.19 at 11:05 pm

What does it really matter?

In the LONG RUN were ALL DEAD.

#116 catintheokanagan on 11.11.19 at 11:08 pm

Hello to Bandit,
Chow Chow

(did no-one else notice?)

#117 Out Of Work CEO, Will Travel on 11.11.19 at 11:10 pm

DELETED

#118 Gregor Samsa on 11.11.19 at 11:33 pm

Don Cherry has been fired and silenced for speaking his mind, on the very day where we commemorate those who fought against tyranny and fought for freedoms. A little ironic.

You don’t have to agree with Don Cherry, and by all means call him out if you think he is wrong and explain why, but to silence him for it is the greater wrong and is simply mob mentality at best, and a slip towards totalitarianism at worst.

All I see is Don Cherry being Don Cherry: uncouthly speaking his mind. Don Cherry didn’t change, something else did…

I don’t think his sentiment was wrong either, which I interpret as follows: if you want to immigrate to Canada, you are welcome (we need more taxpayers to fund Trudeau’s promises), but please respect our history and the sacrifices made by those who came before you. Is that really too much to ask on Remembrance Day?

#119 Smoking Man on 11.11.19 at 11:40 pm

Copied this from my son’s Facebook post.

This is ridiculous. I cannot believe Don cherry is being fired over his remarks. Everyone today is so afraid to think for themselves. Not “grapes” and although some things he says can be deemed offensive by some what made coaches corner special was he didnt have a script and was voicing his opinion with passion. We shouldn’t let things like this keep happening Don cherry has done more for veterans,more for the hockey community raised millions for charities and because some sjws who dont even watch hockey find an opportunity to bitch and get likes on outrageous tweets we are forgetting about the legacy of a canadian icon.

When the Humboldt tragedy hit Canada Don was there.
When there were to many checks from behind on the ice Don made it a priority to put “stop patches ” on our jerseys and try to increase safety in the game.
Don on remembrance days would make you feel proud to be a Canadian and never let us forget those who paid the ultimate sacrifice and after 30 years of service to our communities our vets and families in need he loses his job because of 30 seconds?

Justin trudeau adorned black face on more occasions than he can remember yet we reelect him?
I love the game of hockey but I will no longer buy Rogers anything. Disgusting and shame on you.

Don cherry isnt perfect and I think John Tory said it best and instead of absolutley condemning the man invited him to a remembrance day ceremony to show him his views on things might be off, but by firing a man after his incredible service to the game and country we are putting a gag on our free speech.

Clinical psychologist Jordan peterson says it best” In order to think we risk being offensive” I would rather hear people think and willing to risk offensiveness than have them shut down and follow a set of rules where critical thinking and learning become diminished in society.

#120 Ronaldo on 11.11.19 at 11:41 pm

Why the ‘Housing Crisis’ Is Really About Globalization

https://thetyee.ca/Opinion/2018/01/18/Housing-Crisis-Really-About-Globalization/

#121 Vanreal on 11.11.19 at 11:42 pm

What exactly is needs based buying. Nobody needs to buy real estate.

#122 Long-Time Lurker on 11.12.19 at 12:00 am

#83 Ronaldo on 11.10.19 at 8:24 pm
#10 Millennial Realist on 11.10.19 at 4:45 pm

Overdosed on the Klimate Kool Aide have we Millie?

>I don’t think anyone under forty-two knows the meaning of:

DON’T DRINK THE KOOL-AID!

Learn history or learn the hard way.

The psychological massacre: Jim Jones and Peoples Temple: An Investigation
by Rose Wunrow

The events at the agricultural project Jonestown on November 18, 1978 have been described in two different terms: as the “Jonestown suicides” and as the “Jonestown massacre.” Some argue that the deaths at Jonestown cannot be perceived as a massacre, as the majority of the people who died of cyanide poisoning had drunk the Kool-Aid and cyanide mixture voluntarily. Nonetheless, the mass suicides were decidedly a mass murder, enacted through the use of psychological exploitation instead of physical force. As the leader of the religious group Peoples Temple, Reverend Jim Jones was responsible for the psychological massacre of his followers because of the manipulative means he used to demoralize and control them….

https://jonestown.sdsu.edu/?page_id=29478

#123 Ponzius Pilatus on 11.12.19 at 12:25 am

That’s why I never wear a poppy.
Brings out the fanatics.
Like the Seinfeld episode where Cramer runs for a charity marathon, but refuses to wear the button.
People are to hung up with labels.

#124 crowdedelevatorfartz on 11.12.19 at 12:28 am

@#93 Lost…your mind
“Stalin style communism is basically Banksters funding both sides of a conflict and….”

++++++
O…M…G

Revisionist history……. rewritten by a boob…….

It’s a busy world in there, isnt it Lost…….

#125 Ponzius Pilatus on 11.12.19 at 12:33 am

#62 Nonplused on 11.11.19 at 7:32 pm
You must have missed the photo yesterday. – Garth

No I saw it but usually you make a very moving blog on 11/11. I guess it is unreasonable for me to expect you can keep that up every year, and we all know where your heart is on the matter.
————-
Time to move on man.
Time to focus on today’s issues.
We can’t change the past.

#126 James on 11.12.19 at 12:34 am

Don Cherry says newcomers in Toronto and Mississauga (which factually have a lot of immigrants compared to other Canadian cities) don’t often wear poppies and that they should. How are people taking this as a race thing? newcomers can come in all colors. It’s disgraceful and outrageous that Sportsnet would fire him for this.

This is the Canada we live in now. Overly sensitive, intolerant to views that the PC mass mob disagree with, and full of victims. I’m not a big fan of Don Cherry or his views, but to see him go out on Remembrance day after advocating for more remembrance is just sad.

More proof that diversity is not a strength. Instead, it gives you people who look a little different thinking the worst of each other and not trusting each other. It’s almost like if you had a country with a more homogeneous population, they would trust each other more. Shocking.

#127 Ponzius Pilatus on 11.12.19 at 12:40 am

DELETED

#128 Blackdog on 11.12.19 at 12:50 am

@Robert Ash, #101 re: “l am hopeful, this Blog, will take a pause on the Racist, Climate, and Trump commentary, and focus on Financial discourse. ”

Climate change has everything to do with this blog.

“There is a long-term threat that could cause another Great Depression. That is the worsening peril from climate change. In May 2018, Stanford University scientists calculated how much global warming would cost the world’s economy. If the world’s nations adhered to the Paris Climate Agreement, and temperatures only rose 2.5 percent, then the global gross domestic product would fall 15 percent. However, if nothing is done, temperatures will rise by 4 degrees Celsius by 2100. Global GDP would decline by more than 30 percent from 2010 levels, which would be worse than the Great Depression, where global trade fell 25 percent. The only difference is that it would be permanent. ”
https://www.thebalance.com/could-the-great-depression-happen-again-3305685

#129 GBiddy on 11.12.19 at 1:04 am

Was explaining the Cherry story to my wife, an immigrant from a non-Western country.

“But it’s true. We don’t generally wear poppies, why are people so upset?” she asked.

I explained that Canadians love to get upset on behalf of others, even those who aren’t upset of offended. It makes us feel so righteous, so virtuous, we just can’t stop.

In Canada, we crucify truth speakers and consider ourselves civilized and progressive. Makes me sick.

Cherry wasn’t talking about all the immigrants to Canada who wear poppies on Remembrance Day. He was talking about those who don’t.

He only spoke the truth.

#130 Welcome to Slurrey on 11.12.19 at 1:32 am

Some parts of the market have hit bottom (prices down 30% ………….. where is this bottom you speak of, west van ? …… so what does that mean , bottom of 2019 still way ahead of the top of 2013

#131 crazyfox on 11.12.19 at 1:52 am

“It’s not the size of a dog in a fight, its the size of the fight in a dog remember that”. – Don Cherry

Winston Churchill. – Garth

#132 Paul on 11.12.19 at 2:26 am

Paul on 11.11.19 at 6:48 pm
#39 Yukon Elvis on 11.11.19 at 6:10 pm
I’m not sure what Don meant when he said “those people”, I think he meant “those people who don’t wear poppies” . He is 85 years old and always stepping on his tongue anyways. I give him a pass on this one. Fail to Ron McLean for throwing him under the bus. Fail to Sports Net for firing him on Remembrance Day.
————————————————————————————————
You think they give a flying F about Remembrance Day?
It’s always the the money!!

‐—————————-

It’s unfortunate that we share the same posting name.

#133 Captain Upp on 11.12.19 at 4:45 am

#65 MF on 11.11.19 at 7:48 pm
#56 Captain Uppa on 11.11.19 at 7:11 pm

News flash: that’s everyone.

Don’t worry though. We all know interest rates will be kept artificially low in order to prop up whatever overpriced garbage you’ve accumulated as “investments” in GTA real estate.

Plus, you count on absolutely shorted sighted, foolish, and idiotic policy coming out of whoever is in power to buy votes, so that everyone’s else’s overpriced garbage “investments” will continue to go up too.

I’m still bullish for all these reasons! Uppa Uppa!

——————————-

It’s not even close to everyone, stop being a drama queen.

Most people are buying to live in. Condos maybe not so much, though it’s still not even close to “everyone”.

#134 Captain Uppa on 11.12.19 at 4:45 am

#65 MF on 11.11.19 at 7:48 pm
#56 Captain Uppa on 11.11.19 at 7:11 pm

News flash: that’s everyone.

Don’t worry though. We all know interest rates will be kept artificially low in order to prop up whatever overpriced garbage you’ve accumulated as “investments” in GTA real estate.

Plus, you count on absolutely shorted sighted, foolish, and idiotic policy coming out of whoever is in power to buy votes, so that everyone’s else’s overpriced garbage “investments” will continue to go up too.

I’m still bullish for all these reasons! Uppa Uppa!

——————————-

It’s not even close to everyone, stop being a drama queen.

Most people are buying to live in. Condos maybe not so much, though it’s still not even close to “everyone”.

#135 oh bouy on 11.12.19 at 6:04 am

@#126 James on 11.12.19 at 12:34 am

Well, thats not what he said.
Now you’re just being willfully ignorant.

#136 Buy? Curious? on 11.12.19 at 6:09 am

I’m glad Don Cherry got fired.

#137 Cottingham a bargain on 11.12.19 at 6:36 am

#118 Gregor Samsa on 11.11.19 at 11:33 pm
Don Cherry has been fired and silenced for speaking his mind, on the very day where we commemorate those who fought against tyranny and fought for freedoms. A little ironic.

You don’t have to agree with Don Cherry, and by all means call him out if you think he is wrong and explain why, but to silence him for it is the greater wrong and is simply mob mentality at best, and a slip towards totalitarianism at worst.

All I see is Don Cherry being Don Cherry: uncouthly speaking his mind. Don Cherry didn’t change, something else did…

I don’t think his sentiment was wrong either, which I interpret as follows: if you want to immigrate to Canada, you are welcome (we need more taxpayers to fund Trudeau’s promises), but please respect our history and the sacrifices made by those who came before you. Is that really too much to ask on Remembrance Day
———

Well said . Agree entirely

A Royal Canadian Legion rep, in condemning Cherry, said soldiers fought to maintain a free society in which people could choose to wear a poppy or not. They did not fight in defence of divisive or narrow opinions. – Garth

#138 MF on 11.12.19 at 7:27 am

#124 crowdedelevatorfartz on 11.12.19 at 12:28 am

-Don’t even bother. He’s gone. Full propaganda on display in that post.

#133 Captain Uppa on 11.12.19 at 4:45 am

-Sure. Put interest rates where they should be and watch the price of all GTA re plummet 40% overnight.

Like I said, I’m still bullish so don’t worry. But..

Let’s be honest, RE investors are not real investors. They are just government coddled participants.

MF

#139 Figure it Out on 11.12.19 at 7:28 am

#86 Shawn Allen“Is that money from thin air thing remotely plausible? Must there not be more to the story? “

This paper is pretty comprehensive, covering the different theories of how banking works, and performing an experiment.

Can banks individually create money out of nothing? — The theories and the empirical evidence

Banking is a pretty odd duck. Humans created it of whole cloth, yet we struggle to understand how it works.

#140 nita graves on 11.12.19 at 7:33 am

re #52 fishman. just who do you think killed Trotsky?
Stalin had him killed in Mexico in early 40’s..the assassins were paroled in70’s or 80’s and disappeared into Cuba

#141 Cottingham a bargain on 11.12.19 at 7:52 am

#136 Cottingham a bargain on 11.12.19 at 6:36 am
#118 Gregor Samsa on 11.11.19 at 11:33 pm
Don Cherry has been fired and silenced for speaking his mind, on the very day where we commemorate those who fought against tyranny and fought for freedoms. A little ironic.

You don’t have to agree with Don Cherry, and by all means call him out if you think he is wrong and explain why, but to silence him for it is the greater wrong and is simply mob mentality at best, and a slip towards totalitarianism at worst.

All I see is Don Cherry being Don Cherry: uncouthly speaking his mind. Don Cherry didn’t change, something else did…

I don’t think his sentiment was wrong either, which I interpret as follows: if you want to immigrate to Canada, you are welcome (we need more taxpayers to fund Trudeau’s promises), but please respect our history and the sacrifices made by those who came before you. Is that really too much to ask on Remembrance Day
———

Well said . Agree entirely

A Royal Canadian Legion rep, in condemning Cherry, said soldiers fought to maintain a free society in which people could choose to wear a poppy or not. They did not fight in defence of divisive or narrow opinions. – Garth
—————

Freedom to speak up on your point of view exists on both sides of a debate until some snowflake ,on one side of the debate (left) decides that they are offended and take action to silence the perceived transgressor.

Enter Jordan Peterson.

I would ask that same legion member if they fought for the suppression, retribution and control of free speech.

Free speech is curtailed on this blog, and everywhere. It’s what a civil society does. You have no defence – Garth

#142 Remembrancer on 11.12.19 at 8:09 am

#122 Long-Time Lurker on 11.12.19 at 12:00 am

Mass Murder vs. Mass Suicide is largely a moot point given how it ended, but the intent was clearly on enforced death after Leo Ryan’s party was ambushed at the air strip… That part is definitely unambiguous, 1970s and California (where it all started), weird time and place to say the least…

#143 crowdedelevatorfartz on 11.12.19 at 8:14 am

@#135 Bye Curious
I’m glad Don Cherry got fired.

*****

Don Cherry is glad he got fired.
He’ll now go on the lecture circuit.
Probably fill venues night after night.
Make huge money.
He could bill himself as “Grapes” of Wrath.

Who would pay to sponsor a Don Cherry event? Why? – Garth

#144 Mr519 on 11.12.19 at 8:14 am

#38 Tommyboy
“Where did 300%+ REIT earnings coming from? XRE made ~100% total in the past 10 years – still way behind RE.

And on top of that, you can only leverage stocks by usually 2x unless you go for ultralong ETFs (which regards in value over time even in flat markets).”

_______________________________________

This post shows your lack of basic math skills/knowledge of compounding. I’ll help you out.

You’re looking at XRE price only and not accounting for it’s dividend that is DRIP eligible. That’s where the magic is.
It’s a monthly dividend payout.

I’ll explain the basic math. Lets say XRE is around $19/share(today, not 10 years ago) with a dividend payout of $0.062 a share/month.
For example, I own 1000 shares, and each month those shares pay me $0.062 per share.
$1000×0.062 = $62 back this month. Because it is DRIP eligible, $62/$19share buys back 3.26 stocks (3 stocks rounded) with about $5 in the bank.

Now you own 1003 stocks. Next month.. 1003 shares x $0.062 share. …. Do that monthly, for the next 10 years, with ETF price increase of 100% on top and see where you end up. My guess is over 300% gain.

Learn about compounding.

As for leverage, You can leverage buying your portfolio without using 2x/3x or 4x leveraged ETF’s.

Lets say you have just $1000 to invest, but you have access to $20000 LOC. You could BORROW from your LOC to buy $20000 of an ETF… and write off a portion of the interest on that $20000 (which you can’t within a leveraged mortgage).

If you had just $1000 cash, but borrowed $20k from the LOC and your ETF went up 10% (with $20k) of shares.. you’d have $22000 worth of ETF. Sell that, pay off the LOC and your original $1000 is worth $2000.

That’s how you leverage buy stocks/etf’s.
A mortgage is NO different. When you put 5% down on a mortgage, you’re leveraged 20:1.

Leverage can go both ways (really good, or really bad) – including with RE.

#145 IHCTD9 on 11.12.19 at 8:22 am

It’s starting to sound like the reports of DC’s firing may be a bit blown up. Sounds more like SN told him he’d have to cool it from here on in, and DC decided it was time to retire instead.

Whatever, he’s had a great run, and you have to respect the guy for his prominence in Hockey. DC was all about saying stuff that got peoples’ backs up. I haven’t watched coach’s corner in ages – but Ron used to slip in a little quip just as they were cutting to commercials if DC got a little too brash – leaving no time for Cherry to fire back! DC would give these little looks to RM just as the camera cut away lol!

I don’t think DC was any more racist/divisive/stupid with his comments than JT was with is blackface escapades – and everyone was cool with that right?

I hope DC enjoys his retirement – he’s earned it. However, I expect some other network will make him an offer he can’t refuse. DC’s fans are not SJW snowflakes – he’ll have a pile of support whatever he decides to do.

#146 Ferdinand McMillan on 11.12.19 at 8:23 am

Trudeau screws Canada again. China’s producing windfall pork prices for international producers, except Canada. Trudeau’s incompetence isn’t just in energy.

MarketWatch: China’s pork crisis is bigger than you think.
https://www.marketwatch.com/story/chinas-pork-crisis-is-bigger-than-you-think-2019-11-11

#147 yorkville renter on 11.12.19 at 8:43 am

The biggest snowflakes are on the right. True story

#148 oh bouy on 11.12.19 at 8:53 am

@#142 crowdedelevatorfartz on 11.12.19 at 8:14 am
@#135 Bye Curious
I’m glad Don Cherry got fired.

*****

Don Cherry is glad he got fired.
He’ll now go on the lecture circuit.
Probably fill venues night after night.
Make huge money.
He could bill himself as “Grapes” of Wrath.

Who would pay to sponsor a Don Cherry event? Why? – Garth
_____________________________

ya maybe cherry and jordan peterson could tour together lol. sour grapes 2020

#149 Cottingham a bargain on 11.12.19 at 8:57 am

Free speech is curtailed on this blog, and everywhere. It’s what a civil society does. You have no defence – Garth
————

I am certainly grateful to have an individual with an IQ like Jordon Peterson to disagree so rationally and publicly

Scary that you would hold such an opinion Garth , frightening that you would throw Cherry under the bus for such benign comments but commend you for putting it all out there to see.

Don Cherry is irrelevant. As for free speech, the anti-Jew, anti-Muslim, homophobic, ageist, sexist, hateful and libelous comments which are routinely submitted to this blog will continue to be vetted. Don’t like it? Go whimper to Jordan. – Garth

#150 crazyfox on 11.12.19 at 8:59 am

Winston Churchill. – Garth

Mark Twain (although me thinks its older).

https://www.azquotes.com/quote/298630

#151 Shawn Allen on 11.12.19 at 9:05 am

Banking – money from thin air?

#138 Figure it Out on 11.12.19 at 7:28 am
#86 Shawn Allen — “Is that money from thin air thing remotely plausible? Must there not be more to the story? “

This paper is pretty comprehensive, covering the different theories of how banking works, and performing an experiment.

Can banks individually create money out of nothing? — The theories and the empirical evidence

Banking is a pretty odd duck. Humans created it of whole cloth, yet we struggle to understand how it works.

******************************
Thank you. Very long article. What is their answer regarding individual banks creating money from thin air?

Yes, no, maybe so?

#152 Figure it Out on 11.12.19 at 9:13 am

A brief FREE SPEECH primer for all the right wing snowflakes:

1. If you file a suit at law, you can say pretty much whatever you want in your pleadings, and in court, and you can’t be sued for it. If you go off the deep end, the Judge can tell you to shadduppayouface, or even cite you for contempt and chuck you in jail. But if you remain calm and don’t insult the J, you can claim anyone’s father was a hamster and his mother smelled of elderberries, with no repercussions.

2. If you are the duly elected Member of Parliament for Kicking Horse Pass, you can say — in parliament only — that another member’s father was a hamster etcetera, with no repercussions. Can’t call another member a liar, though. That would be discourteous, and is against parliament’s self-imposed rules.

3. If you own a newspaper, you can say whatever you want, as long as it’s either true or a matter of opinion, and doesn’t rise to the level of hate speech. If it is false, or not provably true, you can be sued for libel. If it is hate speech, the Government can prosecute you. If you don’t own your own press, the printer is under no obligation to print your crap, excepting any contracts that may have been signed.

4. If you want to stand on a box on Queen West in Toronto and harangue passers-by, same as #3.

5. If you are a TENURED professor at a university, you are almost as free as #3 and #4 above. But if you really go overboard, you may get canned.

6. If you are a random yahoo on Youtube, Twitter, or in the comment section of your favourite local, or if you are rattling the tin cup with Paypal or someone else, they are under no obligation to publish you or do business with you. They can be capricious with their terms of service, and you can demand double your money back and be ignored. Go ahead, test it in court. Who knows, you may change the law.

7. If you are broadcast on the public airwaves, your content may be deemed too offensive even though it is not illegal. If you get the boot but retain a huge following willing to pay up, there’s always cable TV or satellite radio, where standards are less strict.

8. If you are a monkey on a string selling beer and trucks on national TV, the beer and truck companies, and their agent, the show producer, call the tune. Because they aim for a broad audience, they’ll likely draw the line at stuff that offends a broad swath of their audience — regardless of whether some snowflakes are personally offended at the infringement on “free speech” beer marketing — or whether they’re offended that others are offended. The big boys know that you’re going to keep buying beer, and trucks, and telecom services, just as soon as that nasty diaper rash goes away in a week or so.

#153 crazyfox on 11.12.19 at 9:14 am

#142 crowdedelevatorfartz on 11.12.19 at 8:14 am

Don Cherry owns a pub franchise, a few in BC and Ontario, I think he owns the one in Kingston where he’s from, he’ll probably wind down there if I had to make a small wager.

#154 Sebee on 11.12.19 at 9:21 am

#119 Smoking Man

Clinical psychologist Jordan peterson says it best” In order to think we risk being offensive” I would rather hear people think and willing to risk offensiveness than have them shut down and follow a set of rules where critical thinking and learning become diminished in society.

>>>
I don’t know what’s worse Smokey…the right wing conservatism or left wing progressiveness. Can we just meet in the middle already and hush this all out. It’s all going to be a bit grey, and that’s OK – hardly anything is black and white.

What I’m quite certain about is that the left wing progressiveness ends up being more restrictive constraining by silencing views and opinions that eventually end up blowing up in everyone’s face.

So, we need honest and open discussion. We need opinions of all kinds. We need to not shame people for their opinions because often they don’t have all the info, or haven’t considered all the data. That’s what makes the human condition so wonderful – you can grow, you can learn, you can change opinions.

Personally, I find I can be so opinionated that I don’t even want to talk to people who share my opinion. I want new opinions, I want new views, I want my point of view challenged. I want to see things in a new way. And we’re certainly not going to get there if we silence opinions and don’t discuss things openly and fully.

OH, and one little thing on the immigrants being all offended about what Cherry said….WE ARE ALL IMMIGRANTS HERE! I am. You are. He is. First gen, second gen, third gen…pick a gen…you’re an immigrant here.

Only the Indigenous Canadians aren’t…what are you going to wear on your jacket to signify the day when some British tourist came here with their contractual laws the Indigenous Canadians were not subject to and under duress made the Indigenous Canadians sign some outrageous contract that surrendered all the land to the Queen? I suggest an upside-down crown.

#155 crowdedelevatorfartz on 11.12.19 at 9:31 am

@#147 oh bouy
“ya maybe cherry and jordan peterson could tour together lol. sour grapes 2020”

****

At least the protesters outside would all know each other.

#156 Cottingham a bargain on 11.12.19 at 9:39 am

Cottingham a bargain on 11.12.19 at 8:57 am
Free speech is curtailed on this blog, and everywhere. It’s what a civil society does. You have no defence – Garth
————

I am certainly grateful to have an individual with an IQ like Jordon Peterson to disagree so rationally and publicly

Scary that you would hold such an opinion Garth , frightening that you would throw Cherry under the bus for such benign comments but commend you for putting it all out there to see.

Don Cherry is irrelevant. As for free speech, the anti-Jew, anti-Muslim, homophobic, ageist, sexist, hateful and libelous comments which are routinely submitted to this blog will continue to be vetted. Don’t like it? Go whimper to Jordan. – Garth
———-

There was nothing hateful or racially targeted in Cherrys comment nor is anything in JPs viewpoints
condoning hate speech in any civil society . Hate speech should be suppressed . You are jumping to conclusions that simply do not exist in the threads of this discussion.

I would add that what should also be suppressed is the lefts snowflake tactics to call out “ racism” for anything they deem to rail against their ideology and agenda. A tactic executed with precision on Cherry

Speaking of freedom, you are free to leave. Go find another forum where the venom flows freely. Not here. – Garth

#157 Sebee on 11.12.19 at 9:41 am

#151 Figure it Out

Re: #8

Would it shock you to learn in a few days that this was all played up to drum up free publicity for NHIC? A little controversy can hardly hurt if ratings are down, right?

Suddenly everyone cares, but in the end it’s all just a bunch of panties in a bunch without any purpose but to drive up ratings.

#158 oh bouy on 11.12.19 at 9:42 am

Fabricland files for bankruptcy after biggest customer fired from Coach’s Corner

https://www.thebeaverton.com/2019/11/fabricland-files-for-bankruptcy-after-biggest-customer-fired-from-coachs-corner/

#159 oh bouy on 11.12.19 at 9:43 am

@#154 crowdedelevatorfartz on 11.12.19 at 9:31 am
@#147 oh bouy
“ya maybe cherry and jordan peterson could tour together lol. sour grapes 2020”

****

At least the protesters outside would all know each other.

_____________________

haha. Inside and out no doubt.

#160 PastThePeak on 11.12.19 at 10:05 am

#123 Ponzius Pilatus on 11.12.19 at 12:25 am
That’s why I never wear a poppy.
++++++++++++++++++++++++++++

That matches what I had determined about your personality.

#161 James on 11.12.19 at 10:09 am

#123 Ponzius Pilatus on 11.12.19 at 12:25 am

That’s why I never wear a poppy.
Brings out the fanatics.
Like the Seinfeld episode where Cramer runs for a charity marathon, but refuses to wear the button.
People are to hung up with labels.
__________________________________________
You are correct if you believe so. Tens of thousands of brave Canadians fought and died to give you the right to wear a Poppy or not wear a Poppy. So in not wearing one you have affirmed that their deaths were not in vein due to the fact that you have the freedom to make choices! So don’t wear one if you don’t like labels.

Let me ask you one question, have you ever wore a T-shirt, hat or jacket with a label on it?
Think about it, then you can wash your hands of guilt.

#162 James on 11.12.19 at 10:24 am

#119 Smoking Man on 11.11.19 at 11:40 pm

Copied this from my son’s Facebook post.
Don Cherry ………..
___________________________________________
I will say one thing about your son Old Man. He must be educated and at least he has cognitive capabilities. While I may not agree 100% with his inscription I am impressed with his literary skills. Did he live with his mother while you were divorced or separated from her? He sure as hell can put rational arguments together and form respectable sentence structure. I could actually understand his point of view while you are still fluttering with apathetic babble.

#163 NoName on 11.12.19 at 10:37 am

#139 nita graves on 11.12.19 at 7:33 am
re #52 fishman. just who do you think killed Trotsky?
Stalin had him killed in Mexico in early 40’s..the assassins were paroled in70’s or 80’s and disappeared into Cuba


Now that Stalin is mentioned.

I remember reading mitrokhin archives 10-12 yrs ago, and there is diteiled records and recollections how all that went down.

I am not 100% sure but I vegly mother of icepick dude talked him (son) in to taking on assassination. Komunists funny bunch…

#164 oh bouy on 11.12.19 at 10:38 am

@#159 PastThePeak on 11.12.19 at 10:05 am
#123 Ponzius Pilatus on 11.12.19 at 12:25 am
That’s why I never wear a poppy.
++++++++++++++++++++++++++++

That matches what I had determined about your personality.

_____________________

^pot calling the kettle black^

#165 Dharma Bum on 11.12.19 at 10:38 am

Poor Don Cherry.

He was only 5 years away from Canadian retirement age.

Let’s all take up a collection for the sorry sap.

Anyone wanna help him start a Gofundme page?

#166 crazyfox on 11.12.19 at 10:45 am

Don Cherry was the king of puffery and bluster (well, one of them), just what you need in the promotion of a game like professional hockey but every dog has it’s day and Don’s day has come.

“Finally, we’ve been in a ten-year economic up cycle of rising asset values and expansion – as well as swelling loans. There will be a contraction. Equity values will fall. Debt levels will not. Anyway, nobody cares. So might as end this post…here. Chow.” – Garth

You’re right. Nobody cares except for those living in Vancouver and to a lesser degree, the tri cities and you’re right again, there will be a contraction. Maybe the kind that becomes a total melt down and then everyone cares. Always. Too. Late.

When I put my own risk assessment hat on, I see some risk in Alberta due to the O & G industry on the skids.
As mentioned earlier, the U.S. is poised to reach oil independence in 3 years in North America and 5 years inside of the lower 48. The thing is, with gas? The U.S. is filling its own demand through the summer months now. When we look at prices:

https://www.nasdaq.com/market-activity/commodities/ng%3Anmx

We see profit evaporating since 2015 but below the cost of production this year for close to 6 months. The market simply has not seen prices this low before and its not a one off, unfortunately. There is much more pain to come.

Canadians, specifically Albertans need to get their heads rapped around the fact that our #1 customer of gas is producing enough on their own to kill prices for the entire continent. This is a systemic problem that won’t go away any time soon. As tight oil formations in Texas and Oklahoma continue to add a million barrels of oil per day annually to U.S. production, the spinoff of gas is flooding the market to the pricing we see today and there’s no end in sight. It’s why Encana left, its not just lower tax rates and a tight oil shall boom in the U.S., gas is dead in the water in Canada and the only choice North America has now to lap up the excess gas production is LNG and we can do it in 1 of 2 ways: let the U.S. dominate the market and export it for us, or enter into it ourselves competing with the U.S. (which is also our #1 buyer of O & G still, not easy to do especially with Trump in power) or market LNG ourselves east and west.

To that effect, lets be honest. Gateway is dead. It’s feasible to build, just not realistic specifically because our fed owns Trans Mountain. The right of way is already there so why wouldn’t TM be used for extra heavy crude (dilbit) and a second line for LNG…? The problem is, time. And markets. China was billed as Gateway’s initial buyer but China is not viable when one considers it’s mainland competition by way of Iran/Qatar. Gateway is dead in the water due to the regional competition we already face meaning the entire proposal is out of date.

There is an LNG market in Japan, Malaysia and the Philippines but the rest of the entire continent of Asia is at risk from cheaper, more competitive gas and not just from pipe but LNG coming out of Russia and the U.S. . If Canadian producers want to establish an LNG market in Asia, they need to do it through Trans Mountain and make proposals right now. If Kenny had any sense, instead of behaving like a traitorous separatist sure to turn the Conservative party into a regional separatist party and start breaking it apart, he would be lobbying for an LNG line proposal through Trans Mountain as well as through the St. Lawrence Seaway. Albertans would do well to get rid of him and replace him with someone who knows the industry but isn’t corrupted by it. (no small feat)

There is also a market for LNG off the Atlantic Seaboard in Europe and the U.K. . Especially so because of geopolitical risk coming from Russia. Canadian producers need to team up with the fed to make it happen. There is a genuine need for an energy forum from the federal government and it needs to happen soon because, systemically, depressed gas prices will not go away any time soon. I predict that even if Canada did everything it could in developing the LNG market world wide in the face of strong competition from Russia and the U.S., it won’t be enough to rescue natural gas prices for a long time to come but still, we have to try and will this effect prices in Alberta real estate? It already has with more pain to come.

This comment is already too long but B.C.’s greatest long term threat will come in the 2020’s and it will be the result of climate change, specifically forest fires. I see 30% of the province burning up by 2030 at a 3% annual pace, most of it coming in the second half of the 2020’s. I know it sounds nutty. There is no precedent for it. BC’s worst fire season was 1.43% in 2018. But, when I look at the effects of Arctic ice free summers beginning in 2021, I see wild fires and not just in BC, although BC’s forests have the most value. I see unheard of forest fires in every province. The devastation is enough to cause long term recession all on its own and it’s not just Canada but the U.S, Europe and Russia, the entire northern hemisphere. All of these market distortions we are seeing now, all of these cheap rates… so…

ASK IT AGAIN. “HOW DOES THIS END WELL?”

#167 Sold Out on 11.12.19 at 10:53 am

Isn’t demanding that everyone prominently display their loyalty to a certain set of values considered the epitome of leftie virtue signaling? Where’s the outrage?

#triggered #snowflake #crankyoldwhiteguy

Treating everyone with respect is not a virtue. It’s required. – Garth

#168 Figure it Out on 11.12.19 at 11:08 am

#142 crowdedelevatorfartz —
“Don Cherry is glad he got fired.
He’ll now go on the lecture circuit.
Probably fill venues night after night.”

I daresay not a lot of octogenarians want to go on the airports-and-hotels circuit. Garth did it when his business was young and just starting out, but he don’t do it no more.

#169 Midnights on 11.12.19 at 11:11 am

Great interview with Martin Armstrong on Howestreet.

https://www.howestreet.com/2019/11/09/this-week-in-money-208/

#170 Tater on 11.12.19 at 11:21 am

#129 GBiddy on 11.12.19 at 1:04 am
Was explaining the Cherry story to my wife, an immigrant from a non-Western country.

“But it’s true. We don’t generally wear poppies, why are people so upset?” she asked.

I explained that Canadians love to get upset on behalf of others, even those who aren’t upset of offended. It makes us feel so righteous, so virtuous, we just can’t stop.

In Canada, we crucify truth speakers and consider ourselves civilized and progressive. Makes me sick.

Cherry wasn’t talking about all the immigrants to Canada who wear poppies on Remembrance Day. He was talking about those who don’t.

He only spoke the truth.
————————————————————

How does Cherry know they people not wearing poppies are immigrants? Is he asking them or just making an assumption based on their skin colour?

And what does it say about Cherry if skin colour is how he defines a Canadian?

#171 Leo Trollstoy on 11.12.19 at 11:26 am

We’re neighbours @Lorne Park. Cherry owns a couple homes. He lives in one and the other is where his daughter lives

You can see him putter around the lawn in the summers

#172 Sold Out on 11.12.19 at 11:31 am

#166 Sold Out on 11.12.19 at 10:53 am
Isn’t demanding that everyone prominently display their loyalty to a certain set of values considered the epitome of leftie virtue signaling? Where’s the outrage?

#triggered #snowflake #crankyoldwhiteguy

Treating everyone with respect is not a virtue. It’s required. – Garth

—————————————————————
/sarc

#173 BillyBob on 11.12.19 at 11:55 am

#83 Ustabe on 11.11.19 at 8:30 pm

Some of you, so willing to carry water for those who care not a whit about you, are really showing the rest of us who you really are. You have lost your humanity. No wonder you are so bitter and contemptuous.

Those that chose to defend him, to pretend his words meant less than they did are exposing themselves for what they truly are.

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

There is a very big difference between defending someone’s words, and defending their right to utter them. A distinction completely lost today, and dangerously so.

A mature, self-confident society reacts to such childish comments the way an adult treats a toddler having a tantrum: by ignoring them. The shrill melodrama that practically elevated Cherry’s rant to a hate crime only illustrates how cringingly weak and fragile Canadians have become as a whole. The fact that it is considered a virtue to be offended is a sign of the decay.

I am no Don Cherry fan, I find him distastefully lowbrow. But an earlier post accurately identified that the handling of the situation will only serve to validate and harden the position of the many (and there are many) who silently share his opinions, albeit in less crude form. In essence SN and the self-righteous outraged have actually given him more credence, not less. The people who always disliked him won’t think any different, but the people who do now have a martyr. Huge misstep by the PC crowd. They’ve just done more to polarize opinion than anything that goof ever said.

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

#65 MF on 11.11.19 at 7:48 pm
#56 Captain Uppa on 11.11.19 at 7:11 pm

News flash: that’s everyone.

Don’t worry though. We all know interest rates will be kept artificially low in order to prop up whatever overpriced garbage you’ve accumulated as “investments” in GTA real estate.

Plus, you count on absolutely shorted sighted, foolish, and idiotic policy coming out of whoever is in power to buy votes, so that everyone’s else’s overpriced garbage “investments” will continue to go up too.

I’m still bullish for all these reasons! Uppa Uppa!

MF

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

Since you have it all figured out, why not get off the sidelines and get in the game and benefit from it?

Oh, right. It’s much safer to have an opinion but not believe it enough to actually act on it. And much less effort to just whine.

#174 IHCTD9 on 11.12.19 at 11:56 am

Allright, enough Cherry. He’s a multi-millionaire, he’s famous, and he has a tighter following than Trump. He’s a-ok. No one really cares what he said, and he ain’t going to apologize, so it’s game over. The CBC is already putting in OT trying to milk another 12 hrs out of this story.

The real serious important news in Canada right now is that YAMAHA is now offering incentives to move the remaining 19’s out the door. My Trudeau fund is boiling over with tax free handout cash as I’ve not spent any of the last 4 years worth yet. I keep checking it and watching it a go uppa every month.

This is the time to buy over the next few months. But, should I wait for spring when the juicy tax return comes in? The combination of my Trudeau bux, and the 2019 taxes I get back would allow for a new Wolverine AND another Grizzly. That would be sweet – and the deals would be irresistible if there are still 2019’s sitting there in Feb!

I think I will wait.

#175 Remembrancer on 11.12.19 at 12:02 pm

#165 crazyfox on 11.12.19 at 10:45 am
Canadians, specifically Albertans need to get their heads rapped around the fact that our #1 customer of gas is producing enough on their own to kill prices for the entire continent….

(and a whole bunch of other analysis which made a lot of sense but is probably too logical and long a path for average blog dogs to sniff along)
———————————
Wait! What? Its not T2 and Greta with dark money backing by the Mario brothers and the Mushroom Princess?

You sir have just outlined a cracking energy policy proposal. Serious question – is that from somewhere or did you draft it yourself?

#176 Lorne on 11.12.19 at 12:15 pm

#129 GBiddy
Was explaining the Cherry story to my wife, an immigrant from a non-Western country.

“But it’s true. We don’t generally wear poppies, why are people so upset?” she asked.

I explained that Canadians love to get upset on behalf of others, even those who aren’t upset of offended. It makes us feel so righteous, so virtuous, we just can’t stop.

In Canada, we crucify truth speakers and consider ourselves civilized and progressive. Makes me sick.

Cherry wasn’t talking about all the immigrants to Canada who wear poppies on Remembrance Day. He was talking about those who don’t.

He only spoke the truth.
………..
Don Cherry’s job was as a hockey commentator. If he chose to cross over and express views unrelated to hockey and the job that he was hired to do, he had to realize that he may be putting his job in jeopardy…depending on his comments. His recent comments crossed over that line.

#177 GBiddy on 11.12.19 at 12:24 pm

#169 Tater

You’re right – he doesn’t. No way to tell who might be a recent immigrant, who might be indigenous.

To me Cherry’s poorly worded screed wasn’t about immigrants or immigration, but cultural differences or values. He didn’t single out any race or creed, therefore could only possibly be labelled…anti-nonpoppywearing-immigrant?

This can’t be anything new. I’ve often wondered how German immigrants feel on Remembrance Day, and whether they or their children wear poppies.

#178 TheDood on 11.12.19 at 12:25 pm

#8 Sam on 11.11.19 at 4:18 pm
fired Don Cherry, lol

this country is so toast. No one defended , all afraid of the far left liberal controlled media. Freedom of speech is alive and well

GET OUT OF DODGE

Cherry brought it on himself. No pity. – Garth

_____________________________________

He’s 85 so no longer responsible for what he says. We’re all headed there whether we like it or not. Too bad it ended this way for him.

Age is not a disease. – Garth

#179 AB Boxster on 11.12.19 at 12:42 pm

The Don Cherry situation is just an example of the split in culture around the world.

On the one side you have Don Cherry. Controversial comments in the past no doubt. I chose not to listen to Cherry because of his views on fighting in the NHL.

But there is absolutely no doubt that Mr. Cherry supports Canadian traditions and especially the Canadian forces.

On the other hand you have leftist virtue signalling hypocritical identity victims. Their victimhood culture is constantly on the lookout for anything that they can use to bring down, pretty much anyone. They are happy to bring down whoever they deem unworthy, but are willing to give a pass to anyone they deem special.

They are the ones who voted for our blackface PM, because they are societies takers, taking more than they contribute. The new Canada.

Trudeau does blackface multiple times – “its a learning experience”

François Legault passes a blatantly racist law in Quebec – crickets baby

Don Cherry has specifically said that he miss spoke when he said ‘You people’ and he is vilified and fired.
He did not intend to say anything racist. His intent was to challenge more people to wear a poppy and support the troops. Doesn’t matter. He has offended the victim left. He must pay the price.

I choose to stand on the side of the patriot and the person who speaks his mind. The man who has supported Canada, Canadians and members of the armed forces. The Canadian hockey icon who has more knowledge of the game than anyone else.

The ultimate irony is that Sportsnet fires Cherry, as they do not want to offend their sponsors. You know the primary sponsor being Hauwei, that is, the Chinese state sponsored company, and of course China being such a tolerant nation fully supportive of other cultures, religions and opinions.

And the fact that Ron Maclean throws him under the bus to save his own skin from the justice league. Wow, what a show of pathetic character. A great learning experience for the next generation.

Feel free to support the the victim hood left. They choose to stand on the side of hatred for tradition, ritual, and social unity.

Their goal of a post national state is well under way.

#180 Lost...but not leased on 11.12.19 at 12:46 pm

Don Cherry just signed a new contract this year…

https://thehockeynews.com/news/article/don-cherry-back-for-more-coachs-corner-next-season-on-new-multi-year-deal

He will get paid out and ROTLFLhisAO all the way to the bank…

#181 Leo on 11.12.19 at 12:57 pm

The 10 year return on REITs would have benefited GREATLY on the 2008 recession… Most people probably were not able to control their fear and sold, rather than sticking to the plan of buy and hold on.

#182 Old Dog on 11.12.19 at 1:14 pm

Let’s stop this immigrant, none immigrant argument. It doesn’t matter if you were born here, moved here or are indigenous. We’er all immigrants. Our homeland is Africa. Everywhere else we have emigrated to. Africa is where we originated, that’s our home base. We spread in all directions from Africa over the last several thousand years. As the last ice age started to reverse we had migration into North America from Asia through ice free zones. And while we’re at it, yes the ocean is over 100 m higher now than a few thousand years ago and will continue to rise until the ice caps are gone. And no you can’t stop it. People can argue about the dumbest of stuff.

#183 MF on 11.12.19 at 1:25 pm

BillyBob,

You are right I do have it all figured out. I think re in the gta will go uppa uppa…but I sure as poop think it’s ridiculous to view debt as a big nothing.

Anyways,

This Don Cherry thing is hilarious. Bringing out the most miserable among us like it’s some rallying point of frustration for all thing societal. Speaks volumes about the effect of social media on society, and how it’s being used to sow discontent. Pretty sad reading the absolute trash in this comment section last few days.

MF

#184 Bigrider on 11.12.19 at 1:45 pm

Love him or hate him , we lost another tiny little piece of Canadiana with the end of Cherry. He was a part of hockey night in Canada ,whether you liked him or not, and therefore a little piece of our Canadian identity.

I guess for the whole group of the 100% pro globalization crowd, you got to accept the fact that our identity as Canadians will diminish with each and every removal of identifiers like Cherry was, albeit even though he was a very small relatively insignificant one .
Easier to see him go I guess, if you haven’t been watching him from early on. I am sure those who hadn’t that history with him, cried the loudest.

I see things from the middle and therefore believe that his ‘transgression’ was to minor for such an over reaction. I guess that puts my viewpoint quite neutral and somewhat in line with Cottingham’s comments today.

I tell you one thing, no way I could live with myself if I were Ron Maclean. The women in his life , if he has any, must think less of him. He is an embarrassing sellout to himself and so glad that so many others see it that way as well. He would have been best to stay quiet on the whole thing.

#185 GBiddy on 11.12.19 at 1:54 pm

DELETED

#186 Bigrider on 11.12.19 at 2:05 pm

Really glad my uppa Uppa UPPA gets so much airtime on this blog…including the headline at times.

Good to know ‘little ol me’ leaves behind a bit of a legacy lol

#187 Blacksheep on 11.12.19 at 2:07 pm

Blackdog # 99,

“the science behind man-made climate change”

You like science….here you go.

Please counter NASA’s actual statement (copy & pasted below) from their Government website, explaining why these climate models, are simply not reliable enough to give accurate predictions:

“Thus today’s models must be improved by about a hundredfold in accuracy” ?

I’m no climate expert, but I can read….

https://isccp.giss.nasa.gov/role.html

“Because there are so many possibilities for change, climatologists must know how clouds over the entire Earth will respond. Determining that response calls for computer models of the global climate that can explore changing conditions. Climate models are sets of mathematical equations that describe the properties of Earth’s atmosphere at discrete places and times, along with the ways such properties can change. The challenge for climate models is to account for the most important physical processes, including cloud microphysics and cloud dynamics, and their complex interactions accurately enough to carry climatic predictions tens of years into the future. When contemporary models are given information about Earth’s present condition — the size, shape and topography of the continents; the composition of the atmosphere; the amount of sunlight striking the globe — they create artificial climates that mathematically resemble the real one: their temperatures and winds are accurate to within about 5%, but their clouds and rainfall are only accurate to within about 25-35%. Such models can also accurately forecast the temperatures and winds of the weather many days ahead when given information about current conditions.”

“Unfortunately, such a margin of error is much too large for making a reliable forecast about climate changes, such as the global warming will result from increasing abundances of greenhouse gases in the atmosphere. A doubling in atmospheric carbon dioxide (CO2), predicted to take place in the next 50 to 100 years, is expected to change the radiation balance at the surface by only about 2 percent. Yet according to current climate models, such a small change could raise global mean surface temperatures by between 2-5°C (4-9°F), with potentially dramatic consequences. If a 2 percent change is that important, then a climate model to be useful must be accurate to something like 0.25%. Thus today’s models must be improved by about a hundredfold in accuracy, a very challenging task.”

#188 Dups on 11.12.19 at 2:21 pm

The problem is with the borrowing. Unqualified people are allowed to borrow at low rates, they buy real estate with no money of their own. They flip the property in a short term and make good chunk in GTA. Would the banks give these people 800K to invest in the stock market? Not a chance. So there you have it. These people do not deserve to be given loads of money to buy a house they can not afford, so they can get lucky and resell in a few years. Fix the borrowing and you fix the problem.

#189 IHCTD9 on 11.12.19 at 2:28 pm

#178 AB Boxster on 11.12.19 at 12:42 pm

They are the ones who voted for our blackface PM, because they are societies takers, taking more than they contribute. The new Canada.
___

Some good points – but I have to think this one is not accurate when you sit down and think about it.

You’ve probably already read how I pay jack for income tax. That’s because a succession of governments has allowed many ways for me to lower my taxable income.

On top, I am actually given free cash – thousands worth, and I can 100% thank crazy-man Trudeau and his giddy activist lefty cabinet directly for that one.

Beyond that, there are still more cash benefits I receive, but indirectly. These are another a gift from the Trudeau voters.

For example, i also benefit via a local FNR where I make purchases tax free. This is of course illegal for me to do because I am a gringo and do not live on the Reserve. That’s not the gift.

The gift is the fact that Trudeau style PC lefty identity politicians are too afraid to enforce the Law out there as that will 100% piss off the Natives.

I’m a good learner, and also do not want to piss off the Natives either, so I give them all the business I possibly can :).

Now it is so built up out there, they’d have to send in the army to reverse it. The Rez now has their own Cops too LOL! It’s a locked up tight free for all, all thanks to progressive lefty management – and so I win again thanks to the Trudeau voters.

My next buy is going to be new Michelin tires for my truck. Yes, I can now buy new tires out there too. Best price, no tax, free install, and fill up at .10/l less than the next lowest price in the Province on the way home.

I never got any of this stuff when Harper/Harris were at the helm!

#190 Dups on 11.12.19 at 2:30 pm

About the Don Cherry saga. He is like he is so what, at least he speaks up! My problem is with the visible groups using this in their advantage and calling him what he is not. Last time i checked new immigrants that came to Canada were from all colors and backgrounds. Why are the visible minorities only raising their voices as this is a racial thing and only directed to them? Don Cherry never said anything about race at all. New immigrants are white as well, unless that has changed 10 fold recently! I think the network just found an excuse to get rid of him. By the way Don Cherry is an angel when compared to Trump! So please give the guy a break. Being a patriot and caring about the country does not make someone a racist!

#191 Bytor the Snow Dog on 11.12.19 at 3:10 pm

#118 Gregor Samsa on 11.11.19 at 11:33 pm sez:

“Don Cherry has been fired and silenced for speaking his mind, on the very day where we commemorate those who fought against tyranny and fought for freedoms. A little ironic.

You don’t have to agree with Don Cherry, and by all means call him out if you think he is wrong and explain why, but to silence him for it is the greater wrong and is simply mob mentality at best, and a slip towards totalitarianism at worst.

All I see is Don Cherry being Don Cherry: uncouthly speaking his mind. Don Cherry didn’t change, something else did…

I don’t think his sentiment was wrong either, which I interpret as follows: if you want to immigrate to Canada, you are welcome (we need more taxpayers to fund Trudeau’s promises), but please respect our history and the sacrifices made by those who came before you. Is that really too much to ask on Remembrance Day?”
——————————————-
Well said and right to the point Gregor. Those who cannot see/those who accept the slippery slope we’re on will soon come to a rude awakening when they come for them.

Hey Garth, didn’t the PC mob come for you once about some comments you made on CBC? How did it feel then?

#192 Ustabe on 11.12.19 at 3:22 pm

I would add that what should also be suppressed is the lefts snowflake tactics to call out “ racism” for anything they deem to rail against their ideology and agenda. A tactic executed with precision on Cherry

So the executives at Sportsnet and their overlords at Roger’s Communications are lefty snowflakes now?

Nice attempt to move the goal posts.

#193 Shawn allen on 11.12.19 at 3:35 pm

Balanced versus stocks versus REITs versus houses

Garth when houses or stocks are ahead: “it’s not a contest”

Garth when balanced wins: “balanced won!”

Actually (as I stated) BNN said that. Dis them. – Garth

#194 mike from mtl on 11.12.19 at 3:43 pm

Compounding also works in the other direction. If you’re compounding a loser (like preferreds), the total return loss is made all the worse. DRIPing a loser can really hurt returns. For sure if it goes up, all the better to compound but that’s not always the case.

Sometimes taking the cash, sitting on it and buying other stuff is a better option than compounding the same source. Personally I let the cash pile up until it hits a few k, and perhaps rebalance then or as part of a contribution.

As always – it depends.

#195 Gravy Train on 11.12.19 at 3:54 pm

#189 IHCTD9 on 11.12.19 at 2:28 pm
“[…] You’ve probably already read how I pay jack for income tax. That’s because a succession of governments has allowed many ways for me to lower my taxable income.[…]” And yet you eschew carbon tax rebates; in fact, you insist on paying as much carbon tax as you can possibly pay—for reasons that will remain a mystery to me. :)

#196 Cottingham a bargain on 11.12.19 at 3:59 pm

192 Ustabe on 11.12.19 at 3:22 pm
I would add that what should also be suppressed is the lefts snowflake tactics to call out “ racism” for anything they deem to rail against their ideology and agenda. A tactic executed with precision on Cherry

So the executives at Sportsnet and their overlords at Roger’s Communications are lefty snowflakes now?

Nice attempt to move the goal posts.

———-

It is the outcry from lefty snowflakes that forced the hand of the executives.

Nice try at changing the very nature of the gameplay.

#197 AGuyInVancouver on 11.12.19 at 4:43 pm

#146 Ferdinand McMillan on 11.12.19 at 8:23 am
Trudeau screws Canada again. China’s producing windfall pork prices for international producers, except Canada. Trudeau’s incompetence isn’t just in energy.

MarketWatch: China’s pork crisis is bigger than you think.
https://www.marketwatch.com/story/chinas-pork-crisis-is-bigger-than-you-think-2019-11-11
_ _ _
Uh, duh did you miss the news all over last week that China has re-opened its market to Canadian pork?

As to real estate investing, Vancouver’s condo market is back with a vengeance, if you’re selling units priced for locals. $2 million two beds that were for offshore buyers are still dead, as are the SFH priced for laundered money.

#198 oh bouy on 11.12.19 at 5:48 pm

@#196 Cottingham a bargain on 11.12.19 at 3:59 pm
____________________

you’re doing a real nice job of turning this forum into even more of a sewer. Didn’t Garth tell you to go elsewhere?

#199 Steven Rowlandson on 11.13.19 at 4:05 am

“Total mortgage debt is $1.6 trillion – which is a scary number since 40% of homeowners have no mortgage.”

That isn’t scary at all Garth. It is horrifying! How much of it is insured by the CMHC?