The fuglies

There are 19.1 million employed people in Canada. Well, they used to be employed. Until Mrs. Virus came to town.

On Monday a million of them applied for Trudeau bucks, the two-grand-a-month bailout fund. That was just the January-March crowd. People born in later months get to submit the rest of the week. Maybe three million more. Plus the 2.7 million EI claims since the middle of March.

Grand total? Perhaps seven million people. But wait. That would be an unemployment rate of 36%. Compare that with 8.3% back in the depths of the 2009 credit crisis. In fact, the highest rate in modern history was 13.2% (the early Eighties). And the Great Depression? The jobless in Toronto amounted to 17% in 1931, and by 1933 had hit 30% nationally, with one in five Canadians was living on government pogey.

So we’re obviously in historic times. Does that mean you should freak out, hoard noodles, ammo and cash or move off-grid into a cabin past Tofino? If you like bugs, moose and the wrong kind of cougars, okay. But otherwise, chill. This is temporary, not structural.

The emergency benefit payment is for 16 weeks. Four months. Until August. The people who can’t pay their mortgages get until September. Renters stiffing their landlords will be lucky to receive 90 days’ grace. The expectations are for the pandemic to be over, or vastly dissipated (or we just get used to it and go back to work) by Canada Day.

The big stock market rally – which has lifted equity values in general by more than 20% – is a preview of the future. As stated here yesterday, Mr. Market could have a serious setback and race back down for a while, but since recovery is a given there’s no reason to sell anything good out of your portfolio. Fiscal stimulus (government spending – as Trudeau is doing so spectacularly) plus monetary policy (central banks slashing rates and buying assets) are incredibly powerful when working together. Moreover, all countries are doing it. Japan’s the latest.

Things are bad with people out of work because governments artificially turned off the economy. It did not die. It was murdered. Emergency orders in every province forced offices, stores and factories to close. Demand went from bustling to zero. Real estate was slaughtered. The supply chain broken. Retail is a smoky hole. (Last night Dorothy’s fav little lefty bookstore down the street threw in the towel – and kept her $500 gift card money. She’s pissed. So much for the moral high ground of the literati.)

As fast as that demand was extinguished, it can be re-established. That’s the point of a $200 billion stimulus package and 75% payroll subsidies. The same dudes who sent you home are trying to keep it together. The cost will be an immense burden on the next generation, but the choice has been made.

So there are two things likely to happen.

First, the economic data to be published by the end of April and into May will be beyond ugly. Unemployment at 1930s levels. A collapse in the GDP. Miserable corporate earnings. Widespread business failures. Already more than 4,000 hotels across Canada have closed. Over 800,000 food service and hospitality workers are out. Manufacturers expect layoffs to top 70,000. Real estate sales, says RBC, will “slow to a crawl in most markets across the country in April and for as long as social distancing and lockdown measures are in place…. We expect property values to come under increasing downward pressure the longer restrictions persist and the deeper the recession gets. Super thin activity also makes the market prone to erratic price moves.”

Fugly.

But temporary.

The second certainty is recovery. Already there are signs the virus may have peaked in Italy and Spain, as fatality rates level (or fall) and authorities consider easing some lockdowns. In the new epicentre, NYC, deaths spiked this week but have shown signs of a plateau. The White House is ramping up plans to re-start the national economy.

Says the CEO of the big green bank (where dividends will not be cut):

“The health crisis has meant parts of our economy are in a forced lockdown and that’s why the numbers are going to be pretty bad. But as lockdowns get lifted, people go back to work, then of course the economy will come back It will be interesting to see how steep the V- recovery is, but I certainly expect good growth coming out of the crisis.”

As for the markets? Well, remember that comment a few weeks ago (when stocks crashed) about trimming bonds and nibbling stocks? Here are some words from long-time Wall Street smart guy Ed Yardeni: “In our opinion, we are in the midst of a Great Rebalancing away from bonds and into stocks… the market’s recent action suggests that investors are betting on an economic recovery starting during Q4 and continuing through 2021.”

Maybe these guys are right. Maybe they’re high on hopium. We won’t know until we get there.

But we will arrive. Be patient. It’s coming.

About the Picture: Says blog dog David, in Vancouver: “This photo was taken at Whole Foods on Cambie Street today by an acquaintance. I don’t think it’s a belated April Fool’s joke by the person in costume.    We must be close to the bottom. Thanks for the wonderful blog – appreciated.”

 

217 comments ↓

#1 Linda on 04.07.20 at 3:59 pm

‘Hopium!’ That is one addiction we could all use right now:)

#2 Emile on 04.07.20 at 4:00 pm

Supplied Air, check!

#3 Stone on 04.07.20 at 4:01 pm

$500 gift card?

———

Whaaaat? Why would anyone put $500 bucks on a gift card? That’s not liquid, balanced or diversified. A gift card is the equivalent to owning real estate.

A gift to my book-loving wife. Stuff it. – Garth

#4 PastThePeak on 04.07.20 at 4:04 pm

#247 Sail away on 04.07.20 at 2:40 pm
If you want cognitive dissonance, try the belief that the world is ending, the Corvid family represents the biblical end of humanity, a major economic depression is coming, and there’s no hope… no hope…

And because of that, make the conscious choice to miss perhaps the greatest financial opportunity of our lifetime.
+++++++++++++++++++++++++++++

You should look up what “straw man” means.

No one I have read on this blog, or most people I talk to, believe the world is ending. That doesn’t mean this isn’t serious, and a response other than “do nothing” is required. This is the biggest infections disease event in 100 years.

As for missing the financial opportunity…I was 60% in cash in Feb…and I have been buying lots after the big dump in March, thanks. Up nicely now, but I don’t believe it will last in the short run. More opportunities to buy coming as well.

#5 BlogDog123 on 04.07.20 at 4:05 pm

The guy in the scuba gear will need to wipe down all that equipment when he gets home. Coughing droplets all over him while out and about. Perhaps a soapy shower fully suited up. Don’t run out of oxygen!

Then and only then he can take off his mask and dry it all off for next week’s grocery visit.

#6 JB on 04.07.20 at 4:13 pm

I sure as hell would like a rebate on my insurance.

https://www.msn.com/en-us/money/companies/allstate-and-american-family-insurance-return-800-million-in-premiums-because-no-one-is-driving/ar-BB12eGmb?li=BBnb7Kz

#7 mitzerboyakaQueencitykidd on 04.07.20 at 4:14 pm

Its all good out here

https://www.620ckrm.com/2020/04/07/woman-receiving-ticket-for-violating-public-health-order-in-regina-has-tested-positive-for-covid19/

#8 Lurker on 04.07.20 at 4:14 pm

Long time lurker first time poster. couldn’t let this one run wild about your picture. Great choice. It was to raise cash for PPE to essential service workers. Maybe you stick to dog pics though?

https://www.instagram.com/p/B-nqzwOpCEC/?igshid=9894ky10isw4

Appreciate all you do.

#9 NFN_NLN on 04.07.20 at 4:14 pm

#218 NFN_NLN on 04.07.20 at 11:38 am

The US is extending the lives of people who were already old/sick by a couple of years for $288,600 per person.

They’re also destroying the lives of the remaining 98%.
……………………………………………………………….
Jesus your a scary one. What are your next words of wisdom? Who made you God?

The virus is natural.
Taking reasonable cautions, doing what we can is normal.
Taking out the financial system and burdening generations is not normal… that’s playing god.

On a normal day when I say let drug users OD “it’s their choice, they do it to themselves”, I get crucified by cry babies claiming “it isn’t their choice”, “society made them do it”.

Then when we compare annual drug overdose numbers to COVID-19 deaths, more crying “you can’t compare those numbers”, “drugs are a choice and COVID-19 isn’t”.

Cry babies gonna cry. Ignore them.

My prediction in 3 months MARK MY WORDS:

“The rich profited off this market downturn by buying low. It’s not fair.” “The rich get richer.”

Collect your $2k/month and shut up.

#10 HH on 04.07.20 at 4:16 pm

https://imgur.com/gallery/yhXvg9c

Saw this meme recently about definition of “expert” across time and it reminded me of all the recent debates around this blog.

80s = Leading Scientist, 90s = Grad Student, 00s = Media, 10s = Karen on Facebook

#11 Lewis on 04.07.20 at 4:21 pm

Hey Garth,
Really appreciate your site. Best written news source on the net.
Thanks for doing it, look forward to it every day!

#12 PastThePeak on 04.07.20 at 4:22 pm

#17 MF on 04.06.20 at 5:17 pm

So of course we will get a recovery. No one doubts that. Let’s just remember it cost 2 trillion dollars.
+++++++++++++++++++++++

You are right on the money with that post, new MF, but you are off on the price tag. Current announced fiscal and monetary stimulus by the US is about $6T (2+4 respectively), as the Fed bails out just about everyone.

Of the fiscal stimulus (oops – debt), a sizeable amount will end up being monetized by the Fed. The US fed gov was already running a $1T+ deficit before any of this started. Add in the $2.2.T, plus likely another ~ $500B this year to be added (could be more), and you are looking what might *have been* a $3.7T deficit.

BUT…don’t forget the loss of tax revenue to federal gov’t in the recession. This will likely push the US federal deficit over (perhaps well over) $4T for the just started year.

So US federal gov’t has to finance $4T, plus whatever existing debt needs to be rolled over. Think they will find buyers for all of that, **at the interest rate the Fed Reserve wants to maintain**? If the Fed Reserve is out buying all the treasures now, what will they do when that much more is added.

Keep an eye the Federal Reserve balance sheet. It is up over $1T in a few weeks, closing on $6T. It will exceed $10T by the end of the year easily…

…never to be reduced

#13 JB on 04.07.20 at 4:22 pm

#5 BlogDog123 on 04.07.20 at 4:05 pm

The guy in the scuba gear will need to wipe down all that equipment when he gets home. Coughing droplets all over him while out and about. Perhaps a soapy shower fully suited up. Don’t run out of oxygen!

Then and only then he can take off his mask and dry it all off for next week’s grocery visit.
……………………………………………………..
Sort of reminds me of this guy, Cousin Eddy.

https://www.youtube.com/watch?v=lG9QJvsHNQM

#14 Psl on 04.07.20 at 4:28 pm

One can always hope. But history says, theres always another shoe to drop in times like this. Employment won’t come back fully. And in the mean time, do we get a sovereign debt crisis? An overseas bank/insurance company go bust under the pressure? Corporate best defaults?

The Fed printing more and more trillions and more stimulus debt ? Something will snap.

#15 Brian Ripley on 04.07.20 at 4:28 pm

My SFD housing price momentum chart is up with the March data:
http://www.chpc.biz/housing-price-momentum.html

Vancouver, Calgary and Toronto plots continued their path up above the flat line. But the cash market as represented by the TSX real Estate Index has been plunging for the last 4 months.

In 2004-2005, the TSX real Estate Index signaled the coming drop in real estate asset prices that ended in the March 2009 Pit of Gloom.

In 2015-2016 TSX real Estate Index again led the physical asset price peak and trend change down in 2017.

The forthcoming April-May data will be of interest after 2-3 months of shelter in place.

#16 Not So New guy on 04.07.20 at 4:28 pm

The GTPMI™ has been pretty accurate so far with a continued call to wait and see

#17 NFN_NLN on 04.07.20 at 4:28 pm

This reminds me of all the people on here worrying about COVID-19 when there is still heart disease, obesity, drug overdose, suicide…

https://i.imgur.com/x9TT45t.png

#18 mark on 04.07.20 at 4:29 pm

Noticed this from a RBC analyst with the banks daily commentary on economy and markets. We are in the FIRST inning here its going to get worst.

MacKay’s weekly global/US COVID-19 pandemic and outlook update (Mar 30 – Apr 5) (April 7, 2020)
Kennen MacKay (Analyst), RBC Capital Markets, LLC
• In this note, we update our tracking of the global COVID-19 (coronavirus) spread and US scenario modeling (see also: “The
COVID-19 pandemic: likely to get worse before better”; Mar 16–22 weekly update; Mar 23–30 weekly update).
• More than two and a half months have passed since the Chinese city of Wuhan was locked down after the origin of the
COVID-19 outbreak in China. As of today, more than 1.3M cases have been diagnosed globally (source: JHU), with the US
emerging as a leader in cumulative case count as well as case growth. In Europe, a bright point has emerged in the past
week with notable case growth deceleration trends throughout the EU, with one half (5/10) of the most heavily infected EU
countries seeing 50%+ declines in their rate of exponential growth. Furthermore, in Italy, we see initial signs of the mortality
rate plateauing (though mortality continues to climb in the UK and Spain). The US continues to see a deceleration in the
exponential growth trajectory, with the doubling time (Tdouble) increasing to 7.8 days from lows of 1.6 days in mid-March
and more recently ~5.2 days at the end of last week. We remain confident that the US has entered a new second stage of
COVID-19 growth and we continue to watch for signs of the US potentially entering a third, significantly slower function
in the coming 1–2 weeks.

#19 Jim on 04.07.20 at 4:31 pm

I think Ed is going for plausible deniability on his quote when all that debt gets converted to equity in the bankruptcy/ reorg process….

#20 Gladly antisocial in Calgary on 04.07.20 at 4:31 pm

Thank you again for this post. Obviously socially isolating and doing well. Let this blog continue until 2100.

Today at work in Calgary, cardiac unit, one of the nurses brought in caramel treats and went from room to room asking staff if they wanted some. No social distancing and very disturbing. Some people eat to feel love. I am not a foodie. As I told a rep at Jamieson vitamins “I will eat tree bark if it will help me heal”. Nevertheless I do not use untested drugs such as BP 157 peptides for healing of sport injuries. Back to love: If people want to feel love, they should have sex. Food is for repair and sustenance. Nothing else. Somewhere along the line some people decided that caramel treats indicate comfort. Not in a possible contaminated environment with often hostile coworkers. I will save the rest and digest for lunch breaks.

It is unclear when the “peak” will occur in Alberta. What is clear is that this Covid 2 “novel” crap is now introduced and likely vaccine or not in the future now this is yet another “bug” that will be spread around by the idiot masses who think that there is better than here and for vanity and perceived importance will take long flights instead of appreciating all that they have in front of them.

I am liking that people are forced to social isolate and distance themselves. Perhaps they will learn something although I am not confident. I will focus on my own learning.

I am grateful for many things: Sight. Limbs. Family. Running clean water. Gas heating. Running vehicles. Edible food. Internet. Piano. Weights. Guitar. Chess. Go. Life is good in the twenty first century where I dont have to locate water, boil it, find food and harvest it or kill it, worry about a stable place to sleep, and places and laws where I dont worry about being assaulted while I sleep. These are good days.

#21 Armpit on 04.07.20 at 4:36 pm

We may have hit the market lows…but methinks we hit the market highs for this year.

btw Garth – best $500 gift card is a Reloaded $500 Credit Card. Greater Fools know this

#22 marnic on 04.07.20 at 4:37 pm

Why don’t our governments just come right out and switch straight to MMT right now? They’re at least halfway there already…

#23 Blog Bunny on 04.07.20 at 4:39 pm

A lockdown is not an excuse to stop being productive. There are so many areas of our life we can improve during this time. Get rid of the dumbing-down media. So stay focused. Adapt. Win.

#24 Timmy on 04.07.20 at 4:39 pm

https://thetyee.ca/Analysis/2020/04/02/China-Secrecy-Pandemic/

#25 Sail away on 04.07.20 at 4:42 pm

#14 Gladly antisocial in Calgary on 04.07.20 at 4:31 pm

Today… one of the nurses brought in caramel treats and went from room to room asking staff if they wanted some.

No social distancing and very disturbing. Some people eat to feel love.

If people want to feel love, they should have sex.

————–

Maybe the nurse thought having sex with staff would be more disturbing than caramels?

#26 Chesterman Beach Storm Watcher on 04.07.20 at 4:43 pm

A Whole Foods in Vancouver – says it all! Fruit loops and other loons migrate to the west coast and their second home is of course Whole Foods. I think this guy is having everyone on though – hope he got some laughs.

Seriously Garth, the independent book store shut for good or just to wait out the lockdown? If it is the former then WOW! but it makes more sense it is the latter. Dorothy was probably their only customer. They will be back.

Strange times in Lunenburg. I walk my dog 4 – 5 times a day in beautiful Oakville, no one says anything other than hello. Lot of people out walking dogs, pushing strollers, maintaining proper separation and still saying howdy neighbour. All of our parks and trails are open, play areas are taped off though. Many people use the practice fields / tracks of the local high schools and community centre. No one stops them and they space themselves out. Keep On Keeping ON!

Reminds me of a song –
You’ve got to accentuate the positive
Eliminate the negative
And latch on to the affirmative
Don’t mess with Mister In-Between
You’ve got to spread joy up to the maximum
Bring gloom down to the minimum
Have faith or pandemonium’s
Liable to walk upon the scene

Stay safe, stay busy, stay sane.

#27 neo on 04.07.20 at 4:43 pm

V Shaped recovery? lol…Sure bud.

The unemployment levels will be structural. At least 25% of it.

The government has instilled so much fear from this nonsense it will take time for the sheep to stick their noses out to make sure everything is okay.

There are going to be big structural changes in travel and commercial real estate. Neither are coming back any time soon.

#28 Nixter on 04.07.20 at 4:45 pm

So if I read this right, she had been tested, found positive, then told to self quarantine for 14 days, did not quarantine and therefore was fined for breaking the rules.

Expensive outing for her, good luck collecting the fines.

#29 Dave on 04.07.20 at 4:48 pm

The big question is whether or not real estate values will jump back up when this blows over.

#30 Eaglebay on 04.07.20 at 4:49 pm

One way to look at this Covid-19 virus.
Are we handling this properly?

https://www.iceagenow.info/dr-knut-wittkowski-debunks-the-coronavirus-frenzy-important-video/?fbclid=IwAR3FWFzBJLqRceaMlvwbPafR404dxSSFx-ppeiJO9dgkAKnAZD-rVbQE2mw

#31 Mattl on 04.07.20 at 4:50 pm

“This is temporary, not structural.”

Of course it’s structural. Both the US and Canada have been running ongoing stimulus the past 12 years to make it seem like there aren’t structural issues. Massive deficits to maintain full employment and bloated markets. And even then, business and individuals were a few paychecks away from insolvency.

The economy is completely debt driven. It would be significantly smaller without consumers gorging on debt. We may bounce back from this, but it will require twice the injection of cash.

And at some point the economy will have to right size. These levels of debt and stimulus are not sustainable. And when the economy does size down, look out, it will be ugly.

#32 WHAT IS GOING on 04.07.20 at 4:54 pm

“This is temporary, not structural.”

Actually I say the Corona is temporary and the debt bubble is structural! The corona virus just popped the debt bubble and the MSM will report it in maybe 2 or 3 years time.

#33 Attrition on 04.07.20 at 4:56 pm

#13 PastThePeak on 04.07.20 at 4:22 pm

Keep an eye the Federal Reserve balance sheet. It is up over $1T in a few weeks, closing on $6T. It will exceed $10T by the end of the year easily…

…never to be reduced

Isn’t debt an asset to the Fed? If the Fed didn’t hold all that debt, wouldn’t some other foreign bank try to?

This isn’t about money, but control. The bigger the Fed balance sheet, the more powerful the Fed.

Not saying that’s good or bad, just that it is.

#34 Last Gasp on 04.07.20 at 5:02 pm

The crash of 29 was over by 1930 as the stock market then rose dramatically up and into 1933. Those first three years was but a nasty recession. The 2nd wave tumulted into 1934 and stocks wiped out almost 90 per cent down until the mid 1950s. Wave 2 was the real depression.

This is no bottom just a stop on the way down much farther. Like wise this phase is only a recession … the Greatest Recession. But if we get a second wave of the cursed bug this fall and T2 does the same rope a dope ance with the economy.
we are toast.

Unemployment has dropped faster than at any time in all history. 42 per cent of all small business say they will fail and close by June regardless of any federal help.

I really, really admire your stalwart convictions in the face of so much day to day carnage. Nowhere else on media have the outlook been so positive as yours. What is your secret because it should be bottled and sold as anti-covid elixir and I would desperately want a dram of that. Seriously I would.

But my market wipped, sober self doesn’t sense that anything will bounce back soon to make up for the damage done. It is a multigenerational change in perception and future expectations which will scar us all, just as my parents generation who lived through their great depression saving buttons and glass jars. Ours will be buggy i’phones and recycled respirators fashionably adorned with lady gaga logos.

#35 just a dude on 04.07.20 at 5:03 pm

Garth,

I’ve been a fan of this great blog of yours since you first started it ~12 years ago. The pics have always been an added bonus but this one has to rank amongst the top 10, if not the top 5. Thank you for the laugh – needed that.

Sucks about Dorothy’s gift card. $500 – ouch. Let this serve as a reminder to all of us to cash these things in at the earliest opportunity. I’m ordering some stuff online tonight … could always use a snorkel I guess for my next trip to the grocery store.

#36 Gino on 04.07.20 at 5:06 pm

Garth. Real estate was slaughtered? but prices haven’t budged. On the flip side the markets were slaughtered. But You never mention that. Both when slaughtered recover. Take time but recover.

Equities have regained much ground. House sales have completely seized. – Garth

#37 NorthOf49 on 04.07.20 at 5:12 pm

Trudeau bucks will be spent fast boosting the economy when we most need it. Spend your way to recovery I say. Besides, all told it amounts to Galen Weston’s pocket change. Businesses are ramping up for the recovery now. My daughter has a phone interview with a big box garden centre tomorrow. Regarding the pic, not sure where all these freaks are, not like that here in Ancaster. Everybody’s chill, and my favourite pub is selling cans of IPA, brewed on site, out the back door. Good Friday indeed!

#38 Sold Out on 04.07.20 at 5:13 pm

Can you explain the difference between your statement above and:

There is no problem if you close your eyes and refuse to see the problem.

Cuz I can’t. But I freely admit, I’m prejuduced against magical thinking solutions. It’s one of my many failings, to be sure. Imagine the suffering we could all just ignore away, if we believed hard enough.

Hang on a sec, do “thoughts and prayers” actually work? Damn, we’ve been doing literally everything wrong. Boy, is my face red.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

#258 Sail away on 04.07.20 at 3:48 pm
#251 Sold Out on 04.07.20 at 2:54 pm

Hang on a sec, do “thoughts and prayers” actually work? Damn, we’ve been doing literally everything wrong. Boy, is my face red.

——————-

It’s ok, Sold. Don’t beat yourself up. Everybody makes mistakes.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Not to belabour the point, but you didn’t answer the question.

#39 not 1st on 04.07.20 at 5:28 pm

The hardy people who survived the 30s would give a slap to the collective head of everyone in 2020. You shut your economy down for something that has killed less people than snakebites? Are you kidding?

#40 Penny Henny on 04.07.20 at 5:30 pm

I am so pissed!
Filled up today at 78.6/ litre.
On the bad side of town it’s only 72 :(

#41 The West on 04.07.20 at 5:32 pm

Oh, Garth…..

“…this is temproray, not structural…”

Are you serious? I mean, “hopium” (great term btw) is one thing, facts are another. Can you honestly tell me the helicopter money is a good thing? Inflation, as it has already wiped out a generation, hasn’t worked out for the masses, has it? So now – we are going to (try) continue on an inflationary trajectory (cue all that Infinite Money Printing) when already its been exposed that we already couldn’t afford it. Mommy and daddy’s basements are going to be full before the end of May….

Credit used, to buy credit, used to fund operations (on credit) hanging on to someone’s ability to pay for the services that borrowed money brings is all but over.

If American interests choose to isolate (and they are choosing that right now), what is the difference between Canada and Venezuela? I need education, from the house of common people who served the English Estbalishment….learn me sir, I am in dire need.

#42 Sail away on 04.07.20 at 5:35 pm

#39 Sold Out on 04.07.20 at 5:13 pm

Not to belabour the point, but you didn’t answer the question.

————–

My upbringing would never permit me to answer such a question.

Curses. Alright Sold, you win this round…

https://www.youtube.com/watch?v=T1dbRSslJl0

#43 Steve French on 04.07.20 at 5:36 pm

The news from Smoking Man has really got me thinking about mortality.

Even gonzo journalist GF Blog Dogs might not live forever…

Wise words for the time of coronavirus:

“As for man, his days are like grass; As a flower of the field, so he flourishes. For the wind passes over it, and it is gone, And its place remembers it no more.

– Psalm 103:15-16

#44 Ronaldo on 04.07.20 at 5:42 pm

I wonder what Louis Rukeyser would have to say about all this. Here’s what he had to say about the crash of 87.

https://www.youtube.com/watch?v=XFn1G2goDQw

Miss that guy.

#45 not 1st on 04.07.20 at 5:43 pm

Here is Dr Micheal Burry on the virus and our response. A doctor investor;

“If COVID-19 testing were universal, the fatality rate would be less than 0.2%. This is no justication for sweeping government policies, lacking any and all nuance, that destroy the lives, jobs, and businesses of the other 99.8%.”

“Economically speaking, we have to realize the policy-driven demand shock will be resolved by 2021. But Japan and the U.S. are putting more than 20% of the GDP into new fiscal stimulus, and easy money will be the rule. Those things will all bring stock and debt markets back.”

“Countries will also look to bring supply chains home, and many employees will need retraining with higher cost. When we start working and playing again, inflation may be in store. The other big point is that consumers have learned new behaviors, which will drive business churn.”

https://fortune.com/2020/04/07/big-short-michael-burry-subprime-mortgage-coronavirus-lockdowns/

#46 That's an aluminum tank ... on 04.07.20 at 5:43 pm

on his back.

#47 Retro Marxist on 04.07.20 at 5:46 pm

What can the Sheriff do if hundreds of thousands of serfs from Toronto are evicted for non-affordability of rents? Will rent prices go down? Will AirBnBs be banned permanently?

I think, therefore I am. I wish for a total real estate collapse in Toronto where rents are no more than 30% of median income. Median income in Toronto is $3,000 a month. Therefore, $1,000 a month is affordable rent for a one bedroom apartment.

#48 Andrew on 04.07.20 at 5:47 pm

“It will be interesting to see how steep the V- recovery is”

lolz

#49 Phylis on 04.07.20 at 5:53 pm

#44 Steve French on 04.07.20 at 5:36 pm He will flip his AI VB bot from forex mode to comment mode and be with us eternally.
Good thoughts from us for SM.

#50 crowdedelevatorfartz on 04.07.20 at 5:53 pm

@#44 Steve French

” If you can tune a piano, can you tuna fish?”
Crowdiefartz; 2020, 4 – 7

#51 oh bouy on 04.07.20 at 5:54 pm

@#44 Steve French on 04.07.20 at 5:36 pm
The news from Smoking Man has really got me thinking about mortality.

Even gonzo journalist GF Blog Dogs might not live forever…

Wise words for the time of coronavirus:

“As for man, his days are like grass; As a flower of the field, so he flourishes. For the wind passes over it, and it is gone, And its place remembers it no more.

– Psalm 103:15-16
____________________

this ones better.

“Let us prepare our minds as if we’d come to the very end of life. Let us postpone nothing. Let us balance life’s books each day. … The one who puts the finishing touches on their life each day is never short of time.” —
– Seneca

Momento mori.

#52 Ronaldo on 04.07.20 at 5:59 pm

Fella from the gas company dropped by this morning to repair the irrigation line they punctured when putting in the gas line. The talk turned to the virus and the USA. He says to me, “the death toll could reach 2 million down there”, I replied, “12,000 so far, we have a ways to go don’t we?” So much unwarranted fear.

#53 Figmund Sreud on 04.07.20 at 5:59 pm

FWIW, … an RE snapshot from Comox/Courtney, from my good buddy. He sent this to me yesterday p.m. (04/06):

“Its been quiet on the real estate side but surprising homes are still selling and holding value. Believe or not , I was involved in a multiple situation yesterday. I heard there was 5 way multiple last week on a home that sold for 15K over asking, but we are seeing collapsed offers due to job loss as well. Crazy times.
However it has slowed and everything an everyone have been in a holding pattern. Some sellers have taken homes off market and some buyers are expecting a crash in prices. Military and RCMP transfer buyers have been put on a 2 month hold so they will not be coming out till summer now. I would expect we should get back to some kind of normalcy by July.
In the meantime, I will be getting outside and enjoying why I moved to island in the first place, upgrading my education and taking some specialized real estate courses, sipping wine and create some good dishes all the while maintaining my waistline.”

… like I said, FWIW. [ … and here is a live view from one of the Comox beaches – Texada at left, Lasqueti in the middle – far island, Hornby to the right: http://www.pointholmesrecreation.ca/rampcam/ ]

Best,

F.S. – Calgary, AB.

#54 Asterix1 on 04.07.20 at 6:01 pm

Another bank CEO talking about a V shape recovery. Sure!!

Most non-bankers are saying it’s very unluckily that we get a V. Too much damage done to small business, consumers wallets and their outstanding debt.

I sure want to get back to the office, normal life once again, but this virus needs a vaccine. Without it, 2nd, 3rd waves will keep appearing destroying any chance of a “pick any letter” recovery.

There is progress in the lower infection rates, only thanks to social distancing! Without it, hospitals would be worse off than they are at the moment.

#55 Dolce Vita on 04.07.20 at 6:03 pm

I agree Garth, Q4.

And yes, today in Italia Positive Cases grew at 0.9% though its been stuck under 5% for 9 days now. It’s seems C19 is Asymptotic, you wonder if it will ever get to 0%?

So hopium from Italia yes. Gov Italia talking in May some time 2 phases:

1. Back to work.
2. Restore civilian liberties.

To me the 2 are not mutually exclusive, but at least they’re talking about things getting back to normal. Too optimistic to me. AND now they are up to €700 Billion (Cura Italia) to render harmless the economy and workers. The less of that spent, the better.

——————————-

I think Canada will end up with cases/deaths on the LOW END. Here is that Projection I made based on the Imperial College COVID-19 Response Team data for Europe (updated):

https://i.imgur.com/quEJ8Oa.png

Canada 1/2 way there (Low Attack Rate) and peak supposed to be this month and into May, so LOOKING GOOD FOR CANADA if you ask me.

Canada may soon be thinking itself how to get everyone back to work like Italia.

Canada has the advantage that most of its population is in 12 or so urban centres so as long as they observe quarantine rules it ought to go well.

Italia the opposite, about 85% of the population is in small cities, towns of < 150K…basically Italia has MORE CATS TO HERD than Canada (English Bay's FREE RANGE kale eating vegetarian cats the exception). Why Italia Mayor threaten to break up graduation parties with Carabinieri and flame throwers.

——————————-

And if the U Pitt vaccine comes sooner than later, then ya, it will be a swift end to C19.

I think pretty much everyone is expecting the worst economically, so patience should be already a virtue.

Q4…

#56 AGuyInVancouver on 04.07.20 at 6:07 pm

#3 Stone on 04.07.20 at 4:01 pm
$500 gift card?

———

Whaaaat? Why would anyone put $500 bucks on a gift card? That’s not liquid, balanced or diversified. A gift card is the equivalent to owning real estate.

A gift to my book-loving wife. Stuff it. – Garth
—–
Could you register a lien on them? Or at least take them to small claims court?

#57 Lisa on 04.07.20 at 6:08 pm

Garth, were unemployment numbers calculated the same way back in the 30s? I thought they only counted men back then, no women. That would make comparisons to today faulty. Anyway thanks for the daily dose of common sense and positivity.

#58 Marco on 04.07.20 at 6:12 pm

It is deeply systemic. Capitalism should be abolished despite servant mentality groomed for centuries.
This is not sustainable because capitalism is like bicycle, you stop pedal, you fall.
Chernobyl marked beginning of the end for lying soviets, why this should not be the beginning of the end for lying capitalists? Who don’t have resources for testing population and lock down society , so inadequate health care system survive first strike. This thing will be subdued in hot weather and it will be back in fall and winter. Boomers will go out in waves and will be replaced by new younger and healthier immigrants. Peasants from all around the world will stop to be landlords. And China will hit us again with some novel stuff in the future. Social democracy, fairness and taxes will save the west. It is not so hard to fight totalitarians. Just takes time.

#59 Joe Schmoe on 04.07.20 at 6:16 pm

If you think things are ugly now, wait 20 years…the country will be run by a bunch of people home schooled by day drinkers!

#60 Dolce Vita on 04.07.20 at 6:18 pm

“A gift to my book-loving wife. Stuff it. – Garth”

Deserved, still…

OUCH

#61 Sail away on 04.07.20 at 6:22 pm

#44 Steve French on 04.07.20 at 5:36 pm

Thanks Steve. Here are some wise words for a grouse or pheasant:

“Beware the dog. His presence signals doom. Run! Run! Flee like the wind, but do not fly; for if you fly, there is a 0.1% chance you’ll die. Similar to CV-19, actually.”

#62 Dolce Vita on 04.07.20 at 6:30 pm

“We expect property values to come under increasing downward pressure”

I don’t think anybody really knows how that will end.

Pasalis and Saretsky today on Twitter saying they’d like to know that too but unfortunately, NOTHING IS SELLING, so kind of tough to establish a PRICE POINT to indicate where prices will end up.

I wonder what the Banks will do if prices fall a lot and do not bounce back for some time?

There is a large chunk of change Cdns using home as an ATM secured against those property values and much of it not underwritten by Gov.

#63 J Peas on 04.07.20 at 6:32 pm

#190 Smoking Man on 04.07.20 at 9:27 am

6 to 18 months?

Message me, I know a way to at least doubt that.

JP

#64 db on 04.07.20 at 6:33 pm

Things I hope will change with society in the developed world at the conclusion of the present pandemic (can’t say I’m optimistic though):
1) We may start to grasp the difference between: 1) formal education 2)learning 3)training and 4) relevant experience
2) Generally, and with rare exceptions, we learn you get what you pay for
3) We may actually learn how and when to listen to expert advice and how to be appropriately, respectfully and effectively skeptical
4) After doing without for a while we may yet figure out that cheap, plentiful and fast are doing little to improve our lives and is far more costly than we’ve been lead to believe
5) We start to figure out that an investment should provide an actual tangible benefit and that profit is neither the spawn of Satan nor an altar of worship but the very pedestrian point of investing
6) We finally intuit that Governments that do less things better are far more effective than ones that attempt to do everything and rarely accomplish much of anything
7) We conclude en-mass that Social Media is neither Social nor particularly effective Media

I suspect we’ll simply cycle between panic, acceptance, catatonic paralysis, muddling through and forgetting. Could be wrong… stranger things et al

#65 J Peas on 04.07.20 at 6:33 pm

Smoking Man. Message me, I know a way to at least double that is what I meant.

JP

#66 not 1st on 04.07.20 at 6:34 pm

More from Dr. Burry, he endorses hydroxychloroquine, says its effective.

“It’s pretty clear that hydrochloroquine is doing something good for many Covid-19 patients. The standard in medicine is a placebo-controlled double-blind study. But there is no time for that. The technocrats at the top are getting this wrong. Do the studies, make the vaccines, but allow doctors to have what they feel is working now. Don’t take tools or drugs out of the treating doctors’ hands. Trump should use the Defense Production Act more liberally in this area.”

#67 Terry on 04.07.20 at 6:54 pm

This is an outrage! TURN THOSE MACHINES BACK ON!
Lets get this economy opened up NOW! This was a HUGE mistake. This virus will be with us forever. Just get used to it and get people back to work.

https://www.youtube.com/watch?v=j4SRsGn14PI

#68 Howard on 04.07.20 at 6:56 pm

The ICE condos now have 118 vacant units on the rental market. This is up from 96 just last week. In addition, 21 units are listed for sale. Wonder how long these previous AirBnB operators (these buildings were notorious AirBnb dens) can go without rental income.

https://condos.ca/toronto/ice-condos-ice-condos-ii-12-york-st-14-york-st

#69 not 1st on 04.07.20 at 7:08 pm

@#44 Steve French on 04.07.20 at 5:36 pm
The news from Smoking Man has really got me thinking about mortality.

That’s maybe a trend that’s been missed. People are expecting everyone to get back to basics, community, simpler, local but maybe FOMO goes into overdrive too after people get a taste of real adversity.

The Saudis just picked up a stake in Carnival for a song. Maybe they know something.

#70 Drill Baby Drill on 04.07.20 at 7:09 pm

I got my deposit confiscated on an AirBnB in TO for the May 3 weekend.

#71 Flop... on 04.07.20 at 7:10 pm

“Things are bad with people out of work because governments artificially turned off the economy. It did not die. It was murdered.- Thor Turner.

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

The people in charge, snuck up on the economy with a wet towel and slapped it across the butt cheeks with it.

It’ll leave a mark and sting for a while…

M45BC

#72 Howard on 04.07.20 at 7:10 pm

#24 Blog Bunny on 04.07.20 at 4:39 pm
A lockdown is not an excuse to stop being productive. There are so many areas of our life we can improve during this time. Get rid of the dumbing-down media. So stay focused. Adapt. Win.

———————————-

Some things I’m working on during the lockdown (in addition to actual work, which in my case I can fortunately do from home):

– progressing with my German language studies (es ist nicht einfach!)
– trying new risotto recipes
– learning a new SAP module (need it for work anyway, getting a headstart)
– reading an assortment of finance, economics, history, and geopolitical books by Piketty, Lewis, Ferguson, Zeihan, and others
– tackling a very difficult Rachmaninoff piece on the piano

Can we have a month of lockdown every year going forward please? I’m enjoying working in sweat pants and a robe every day.

#73 Don Guillermo on 04.07.20 at 7:15 pm

#41 Penny Henny on 04.07.20 at 5:30 pm
I am so pissed!
Filled up today at 78.6/ litre.
On the bad side of town it’s only 72 :(
*************************************
Canadians enjoying their largest commodity export selling low is like a grain farmer jumping for joy when he see’s bread selling for 25 cents/loaf

#74 CB604 on 04.07.20 at 7:16 pm

Just for clarification… which is the right/wrong type of cougar?

#75 Steven Rowlandson on 04.07.20 at 7:17 pm

The only bright side to this whole ridiculous affair is I am getting plenty of sleep otherwise it is one ridiculous inconvenience after another. Have you ever had to go to city hall and sit out side in the rain and recharge your laptop twice a day and sit outside Tim Horton’s in your car to get wifi so that you can get your news and comment on how Cuckoo the the world is? That is part of my day.
My employer is still shut down for fear that something one billionth his size will find him and turn him into it because the government and media says so.

#76 Deplorable Dude on 04.07.20 at 7:22 pm

“If COVID-19 testing were universal, the fatality rate would be less than 0.2%. This is no justification for sweeping government policies, lacking any and all nuance, that destroy the lives, jobs, and businesses of the other 99.8%.”

Mr ‘The Big Short’…Michael Burry weighs in….

https://business.financialpost.com/investing/michael-burry-of-the-big-short-slams-virus-lockdowns-in-tweetstorm?utm_medium=Social&utm_source=Twitter#Echobox=1586285192

#77 Attrition on 04.07.20 at 7:25 pm

#59 Marco on 04.07.20 at 6:12 pm

It is deeply systemic. Capitalism should be abolished despite servant mentality groomed for centuries.

Ya, of course it should…

Since you despise capitalism, shouldn’t you spend your time elsewhere? Maybe commie.com or something?

Capitalism is why today in Wallymart there are palettes upon palettes of TP, pasta and sauce, cooking oil, boxes of instant ramen, 24 packs of bottled water etc…

The free market supplies and responds to demand in ways no centrally managed bureaucracy ever could.

You can have your bread lines, endless civil unrest, nanny state with Kalashnikov soothers – I’ll take innovation, modern logistics and just-in-time inventory management any day.

Capitalism ain’t perfect but it’s far better than any envisioned or dreamed of Utopia – despite pandemics, despite govt overreach, despite stock market manipulations, despite an allegedly failing heath care system.

We have the evidence. History provides it.

And unless I’m mistaken weren’t you, Marco, raised in some socialist utopia?

As I used to ask my Italian friends (when I was a kid and before I knew any better) who used to endlessly go on about how everything was better back in Italy: then why you here, mate?

#78 You know val on 04.07.20 at 7:27 pm

Print print print print money

#79 Flop... on 04.07.20 at 7:28 pm

Flop’s Corona Virus Song Of The Day.

With a nod to today’s photo.

Air Supply.

Out of nothing at all…

M45BC

https://m.youtube.com/watch?v=ogoIxkPjRts

NoName, get the tissues ready, it’s a slow one…

#80 ImGonnaBeSick on 04.07.20 at 7:38 pm

And now we have a huge hole in the ozone because it’s too cold… Heat it back up, get back to work!

https://www.nature.com/articles/d41586-020-00904-w

I heard tax dollars is the best way to fix these. (And MF, hold your condescension… It’s a joke)

#81 Canadian Moose on 04.07.20 at 7:39 pm

Gas in Calgary $.62 cents at a Gas Plus! Tomorrow 3 cents off. Looking forward to fill up! Oh the crazy things that keep us sane. At this rate my monthly fuel bill will be 60 bucks, so exciting. Lol

#82 NoName on 04.07.20 at 7:50 pm

#80 Flop… on 04.07.20 at 7:28 pm
Flop’s Corona Virus Song Of The Day.

With a nod to today’s photo.

Air Supply.

Out of nothing at all…

M45BC

https://m.youtube.com/watch?v=ogoIxkPjRts

NoName, get the tissues ready, it’s a slow one…

This song would fit much better today.
https://youtu.be/k47Rhv_2MwQ

#83 Xpat on 04.07.20 at 7:51 pm

I can already hear the whining that the rich got bailed out and the common man got screwed.

This is your moment common man – buy equities

Yes, the money machines are printing and you believe it’s becoming worthless. Why would you clench your cash? – buy equities

Bonds are in a 40 year bull and they just blew off the top – buy equities

If you don’t then you can’t complain in the future. No guts no glory

#84 Marco on 04.07.20 at 7:56 pm

#78 Attrition on 04.07.20 at 7:25 pm
Why every idiot in the frozen tundra equal Social democracy with communism?
Are you all home schooled by day drinkers?

#85 wallflower on 04.07.20 at 8:05 pm

Fugly is right.
Been very concerned for weeks about how this impacts healthcare for regular healthcare needs. I know of a gal who is currently in labour and her hospital of record won’t take her. “No beds” and no suggestions either!
I saw an emerg doc recently for wicked eye infection; misdiagnosed. Had to go back to emerg (this is because there are no doctors to be seen)… spent a gazillion more hours than I wanted to in a hospital environment.
Probably came home with more infections than I started with. Nasty.

#86 Trojan House on 04.07.20 at 8:21 pm

Question: Does government debt (federal, provincial or municipal) not matter? The feds can print money but the provinces and municipalities cannot. How does this all work because nobody seems to care about deficits or debt at the government level?

June 30th seems to be the unofficial end to the lock down. At least some municipalities have set that date, but who knows? That’s another two and a half months of everything closed. Can we survive this economically (or mentally)?

Finally, you may have noticed some of the empty shelves at your stores. Has to do with supply management here in Canuckistan. Supply management also helps raise the price of goods so not only are some shelves empty but some products will also be costing us more.

#87 Overkill does not apply right now on 04.07.20 at 8:24 pm

That picture is hilarious. I thought the 3m half mask laced with the p100 filters combined with air tight swimming goggles used for the 2-week grocery supply trip today was bad.

I would have no problem with the O2 tank. At least you are getting good oxygen instead of becoming faint and not being able to smell to avoid the gallons of bleach being poured in the store for cleaning.

Not sure how the health care workers can wear those N95s all day, everyday. I would rather be fishing, no mask, no people, fresh air, like the good ol’ days when gas was 42 cents and you could camp beside a BC lake without having to pay a hotel like park fee.

The good news is the right PPE right now safeguards you regardless of how ridiculous it looks.

#88 the Jaguar on 04.07.20 at 8:33 pm

Poor Jason Kenney just on the telly for his address to Albertans about the ‘triple whammy’ of Covid, Global Economic Shutdown, and Big Oil Whacked. At one point in the speech a dog barked in the background. Thank the pooch for the levity.
Apparently the projections are 800m infections with possible 400-3100 deaths probable or 1 million infections with 500-6600 deaths if projections are elevated. Mid May appears to be the projected ‘peak’ period of the crisis.
We were also advised Alberta is doing very well in the “testing” department, and part of the efforts to relaunch the economy will include massive testing to the tune of 20,000 per day, using smartphones to track social distancing, and not leaving it all up to the Feds to ensure whoever arrives at Calgary International Airport isn’t fibbing about how they are feeling. I didn’t like that he used the FDR quote re ” Only thing we have to fear is fear itself” and the bit about blaming Russia & Saudi Arabia for the plummeting oil price. Nobody seems to want to talk about the US Tight Oil Shale Market and their role in low prices. Are only some countries expected to shoulder the blame? Apparently. He also provided an anecdote of Preston Manning’s about how cattle get spooked, but buffalo do not. The best part was the dog barking in the background.
Well, that’s the synopsis from cub reporter Jag.
Hope they pick me for the ramped up testing. If I have immunity I might get sprung a little early from this current predicament. Meanwhile, I join Dorothy in consuming interesting books, which is a pleasant vocation.

#89 the Jaguar on 04.07.20 at 8:36 pm

Oh. And he also ended with ‘God Bless Alberta’, which I didn’t think was appropriate. So very american sounding. Whatever political beliefs one might have the government needs to remain ‘secular’.

#90 not 1st on 04.07.20 at 8:42 pm

#85 Marco on 04.07.20 at 7:56 pm

So under your system there wont be any empty shelves, line ups, rationing and state mandated directives?

Sorry buddy, no way we are taking a chance on that. This 30 day socialism experiment is a disaster just days in. Capitalism is going to roar back and we aren’t going to ever take a chance on a backward ideology ever again no matter what fancy name you want to give it.

#91 Mike on 04.07.20 at 8:44 pm

Oh well if the smart guys at TD say it’s going to be a V-shaped recovery then I guess it’s all good LOL.
So it’s not question that the recovery will be V shaped, the only question is how steep it will be. Sure… No wake up and smell the roses.
What a joke, who listens to these jokers anymore???

#92 Smoking Man on 04.07.20 at 8:48 pm

66 J Peas on 04.07.20 at 6:33 pm
Smoking Man. Message me, I know a way to at least double that is what I meant.

JP
….
If you or anyone knows how to get a few more years with this. I’m listening.

#93 kc on 04.07.20 at 8:51 pm

Noticing today more stores are NOT accepting CASH, debit or credit cards only.

Got into argument with a 20′ something who spouted off behind the plexiglass about how terrible and germy cash is … i said you buying into the propaganda.

Has anyone else been seeing this?

cheers

#94 VicPaul on 04.07.20 at 8:56 pm

#85 Marco
#78 Attrition on 04.07.20 at 7:25 pm
Why every idiot in the frozen tundra equal Social democracy with communism?
Are you all home schooled by day drinkers?

*********

“Social democracy is a government system that has similar values to socialism, but within a capitalist framework. The ideology, named from democracy where people have a say in government actions, supports a competitive economy with money while also helping people whose jobs don’t pay a lot.”

….demanded by people who have less than other people ’cause…hey, that’s not fair – apparently, it’s hard to compete in a free martket.
I believe that is the slippery slope of socialism, which is the hole to communism. Clear it up for you Marco?

M56BC

#95 The future on 04.07.20 at 9:03 pm

Been pondering the future
What will happen?
I actually thought the future would be allot more business in Canada will start to make things in Canada

Now look at this entrepreneur…….the future is now!

He made pillows and dog beds, totally going under then used $600,000 of his own cash to buy a N95 mask machine. Can you believe it!

This is what Canada needs more people willing to step up without government money! we’ll done!

This is the future many business will go bankrupt but many more will look for opportunities and prosper.

https://vancouversun.com/news/local-news/covid-19-coquitlam-company-retools-will-be-first-in-canada-to-produce-n95-respirators/

Go Canada! We should all donate money to this man!

#96 Terry on 04.07.20 at 9:06 pm

Hey!!! Just thought of a great idea! Stick this to your insurance company…………..and DEMAND it! Request a rebate for your insurance premiums paid. Tell them that their models for your premiums were based on “normal driving conditions”. These times we are in right now are NOT normal driving conditions since we are all being told to stay at home. Don’t let the insurance industry get away UN-scathed from this economic disaster. Make them pay you back!

#97 Viorelli on 04.07.20 at 9:07 pm

Talked with my dentist here in Vancouver, I got his cell, been his patient over 26 years. According to him, he is able to hold out for about 3 months. Big practice, 16 staff, steep rent in the mall, $19.300 monthly, has to pay for son’s post secondary, car payments, ICBC, gas, hydro, etc. Had been closed for almost a month now, self isolated following that dental conference. He says anything past July he will just fold the business and consider an early retirement. He is only 57, still young with lots of earning potential. If he is considering folding, what about RMTs, physio, chiropractor, coffee shops, nail shops, eyewear, etc. Etc. I can safely assume there will be no V shaped recovery. The dentist has a home in Costa Rica which he splits with his sister, he will not be retiring in overpriced and overtaxed Vancouver. Who will pay for the recovery? More taxes? Can’t get any more blood from a dead cow.

#98 DON on 04.07.20 at 9:08 pm

“But we will arrive. Be patient. It’s coming.”

There in lies the problem ‘patience’ for the ‘right now’ crowd.

People are cracking after two weeks.

#99 AB on 04.07.20 at 9:08 pm

The clueless idiots at the Regional District of East Kootenay in BC where lots of Albertans have recreational properties , want to close the inter- provincial
Highway 3 to stop the virus. Albertans are self isolating in their homes , as in the rest of the country. Nobody is travelling at present.
Scary that these people got elected.

#100 Regional district asks BC to shut down Alberta border traffic on 04.07.20 at 9:12 pm

So, Kenny thinks 800,000 could get COVID in AB?

Yep, time to drop down the BC highway swing arms. AB go home like ET. BC Spring and Summers without red license plates are more picturesque anyways.

#101 gfd on 04.07.20 at 9:13 pm

Canada Has Put Housing Markets On Life Support. Here’s What’s Happening.
It’s clear the people in charge see Canadian real estate as being too big to fail.

https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html

#102 TurnerNation on 04.07.20 at 9:16 pm

#57 AGuyInVancouver – depends what is a gift card.

– A price tag for example is not a contract, it is defined as “an invitation to treat”.
-A gift card is not a demand note or loan, the store need not reimburse you on demand.
– In case of legal action the smartest thing for that little store, is to temporarily re-open: “All books priced to move at $500 each”.
A reasonable and equitable opportunity for redemption of said card yes :-)
Something like a Liquidated Damages ending.

#103 crowdedelevatorfartz on 04.07.20 at 9:18 pm

Wow!
YVR flights typically handle 78,000 passengers daily.
Now…… 3000 passengers per day.

Big hit to the BillyBobs.

#104 crazyfox on 04.07.20 at 9:23 pm

The second certainty is recovery. Already there are signs the virus may have peaked in Italy and Spain, as fatality rates level (or fall) and authorities consider easing some lockdowns. In the new epicentre, NYC, deaths spiked this week but have shown signs of a plateau. The White House is ramping up plans to re-start the national economy. – Garth

Would you open up your economy with 500 cases a day in Italy or Spain with limited PPE, no temp guns and no pandemic cel apps? Does Italy or Spain look like a Wuhan chart to you? Look at their numbers with how much testing is taking place (given in the link below, if accurate, testing is low), are these reported numbers even ball park?

https://www.worldometers.info/coronavirus/

And what of the U.S., 33,000+ reported cases. 1 in 5 tests are confirmed, still not enough testing. The problem with this “temporary” assumption is that it assumes there will be both seasonality and low enough numbers to resume a business as usual economy. Don’t bet on seasonality. The science of flu season is based on herd immunity within the high risk indoor and night life community. There is no established herd immunity for this high risk indoor night life community of which, I should point out, money managers belong.

Don’t bet on numbers coming down enough to open up an economy without consequences considering the lack of PPE, temp guns and cel apps designed for a pandemic such as China, South Korea, Hong Kong and Taiwan used. The numbers are saying that without a more reasoned approach to virus containment beyond quarantines and social distancing, that even smaller confirmed case numbers will rise exponentially once again as soon as people start moving around in North America.

I get the shortages on PPE and privacy issues but we are by no means doing what needs to be done as effectively as we can and that’s the problem. The numbers as a consequence won’t be as near zero in quick time as one hopes and will rise once again as the economy resumes until nations learn to do the little things right, humbling though it may be. Finally, a reasoned opening up on the economy looks something like this:

https://www.cnn.com/2020/04/06/business/germany-coronavirus-economy/index.html

If nations can’t get to zero, clubbing and mass gatherings won’t happen. This likely means most sports and entertainment, tourism, travel is restricted (14 day quarantines likely), cruises… the economic hit from this I read a while back with entertainment and tourism is something to the tune of 8.8% global GDP. Even if it’s only 3% in America this summer…

This is a “temporary” setback and “recovery is certain”, sure, the economy won’t be a Q3 disaster and there will be pent up demand but the economy won’t be recovered by Q3 unless one buys into hope. Otherwise, a good chunk of spending will be tight as a drum. People, after all, will be forced to look at the same pandemic, same virus in Q4 & Q1 with the same question mark earnings should governments fail to contain. Temporary isn’t the word I would use to describe where this economy is headed. “Recovery is certain”, sure, in a couple years time once a working vaccine, working natural path treatment or effective drug comes along. If, y’know, another virus doesn’t come along first. (and it will)

I’m sorry to be such a bear, truly am but fact is, governments outside of Asia just don’t have it together to fight this thing. Yet. Perhaps if Trump is replaced here in North America, maybe. Central bank bailouts, quarantines and social distancing I hate to say, just isn’t enough. Every nation is getting its report card on how it has done and what we will find is that we are not doing the very important little things. We are not just looking at a likely unexpectedly delayed staggered start here, we are still not ready to fight this pandemic now.

#105 Al on 04.07.20 at 9:27 pm

The more people get unemployed, the higher the stocks go. Nowhere near capitulation with everyone and their sister clearly expecting a quick recovery, which is clear reflected in current prices. Hard to spend without a job. Maybe it is opium.

#106 DON on 04.07.20 at 9:30 pm

#67 not 1st on 04.07.20 at 6:34 pm

More from Dr. Burry, he endorses hydroxychloroquine, says its effective.

“It’s pretty clear that hydrochloroquine is doing something good for many Covid-19 patients. The standard in medicine is a placebo-controlled double-blind study. But there is no time for that. The technocrats at the top are getting this wrong. Do the studies, make the vaccines, but allow doctors to have what they feel is working now. Don’t take tools or drugs out of the treating doctors’ hands. Trump should use the Defense Production Act more liberally in this area.”
*************

Maybe something is affecting his short bet?

We will have to wait and see.

#107 Ustabe on 04.07.20 at 9:35 pm

#3 Stone on 04.07.20 at 4:01 pm

$500 gift card?

———

Whaaaat? Why would anyone put $500 bucks on a gift card? That’s not liquid, balanced or diversified. A gift card is the equivalent to owning real estate.

A gift card purchased directly from the local, non-chain, independent owner/operator in your community benefits them immediately.

Buying a re-loadable VISA card or the like benefits no one in the community until it is used.

Now I don’t view purchasing gift cards as a substitute for charitable giving but we are buying gift cards regularly from our favourite local, independent, owner operated restaurants. If one or two of them don’t make it out the other side of all this so be it.

At least it is a member of my community holding the money, not Visa or MC or Monaris or whoever.

We really should worry less about Garth’s “loss” and more so be concerned for the independent and local owner operators who give our communities their character.

#108 Not 1st on 04.07.20 at 9:37 pm

has Kenny looked at the American models? Dropped in half a few days ago and now tracking at half of that. There is no way AB is going to see more cases than NYC.

Is he angling for some funds? Lot of politicians preening in this crisis, MSM desperate for the most hysteria before it all peters out in a week.

#109 Canuck on 04.07.20 at 9:37 pm

All of this pain, the destruction of many economies… all over a very nasty flu. If the death count doesn’t exceed average annual numbers from the common flu, people will flip.

#110 The other Lebowski on 04.07.20 at 9:39 pm

Hi Garth. Thanks for all you do (mandatory suck up). Forgive me if you have already addressed this but I was wondering if there are any changes being contemplated to the locked in pension rules as a result of what is happening. I commuted my pension and it’s locked until I’m 60. I’m a few years away but was wondering if there are any ways to unlock the money under hardship circumstances perhaps. That way I can help myself without applying for government aid. Also the gov gets it’s taxes as I withdraw so the tax revenue helps them. Thanks!

#111 DON on 04.07.20 at 9:40 pm

#103 gfd on 04.07.20 at 9:13 pm

Canada Has Put Housing Markets On Life Support. Here’s What’s Happening.
It’s clear the people in charge see Canadian real estate as being too big to fail.

https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html
****************
Double edged sword…you have to give the CRA your info.

Much like a landlord not claiming rentals income but asking for the $500 rental support on behalf of the tenant???

#112 DON on 04.07.20 at 9:44 pm

Garth

Just listening to CIBC Wealth and Tax Planning fella on CBC.

SO the CERB is taxable and each person will need to put aside some tax money for next year (depending on individual situation). Why doesn’t the CRA take the tax before distribution? Is it policy or hard to change the current system? Lots of people will end up owing next year.

#113 PastThePeak on 04.07.20 at 9:45 pm

#34 Attrition on 04.07.20 at 4:56 pm
#13 PastThePeak on 04.07.20 at 4:22 pm

Keep an eye the Federal Reserve balance sheet. It is up over $1T in a few weeks, closing on $6T. It will exceed $10T by the end of the year easily…

…never to be reduced

Isn’t debt an asset to the Fed? If the Fed didn’t hold all that debt, wouldn’t some other foreign bank try to?

This isn’t about money, but control. The bigger the Fed balance sheet, the more powerful the Fed.

Not saying that’s good or bad, just that it is.
+++++++++++++++++++++++++++

Do you know how the Fed is able to purchase Treasuries? Printing money out of thin air. Nothing in life is free…

#114 Sold Out on 04.07.20 at 9:53 pm

#94 Smoking Man on 04.07.20 at 8:48 pm
66 J Peas on 04.07.20 at 6:33 pm
Smoking Man. Message me, I know a way to at least double that is what I meant.

JP
….
If you or anyone knows how to get a few more years with this. I’m listening

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

If I may…

You could quit smoking; you probably won’t actually live longer, but it will feel longer.

Budump bump!

I hope your path is as smooth as possible SM.

#115 PastThePeak on 04.07.20 at 9:57 pm

#82 Canadian Moose on 04.07.20 at 7:39 pm
Gas in Calgary $.62 cents at a Gas Plus! Tomorrow 3 cents off. Looking forward to fill up! Oh the crazy things that keep us sane. At this rate my monthly fuel bill will be 60 bucks, so exciting. Lol
++++++++++++++++++++++++++

In Ottawa, and filled up yesterday at Costco for 65.9c. And that is after the carbon tax increase of course (thanks T2).

Given I am working from home, my monthly bill might come it at $50, and that is with a truck and driving once per week up to the farm (nothing but the cows, deer and turkeys…can’t get the old COVID up there).

#116 chris on 04.07.20 at 10:04 pm

#98 Terry

Just revise your coverages and get a credit, or you can sit on hold waiting to scathe your insurance company.

#117 N on 04.07.20 at 10:04 pm

#94 Smoking Man

Don’t know what you have, but there’s alternate treatment specialists in different spectrums.
From Hair Mineral Analysis technology driven treatments to Chronic disease reversal fixes.

There’s also faith based healing – provided one connects to people with that gifts.

#118 crazyfox on 04.07.20 at 10:04 pm

Here’s a Wuhan chart:

https://en.wikipedia.org/wiki/Timeline_of_the_2019%E2%80%9320_coronavirus_pandemic_from_November_2019_to_January_2020#/media/File:NCoV20200209_Hubei_China_ROW_cases.png

It took less than 8 weeks to go from quarantine to zero assuming accurate numbers. As I remember it and as the chart suggests, 5 of 6 cities outside of Hubei broke 1,000 cases and China had these numbers down to single digits in a month. China mandated the compulsory use of masks in January with temp guns scanning temps everywhere in conjunction with public GPS tracking infected through cel apps right around Feb 10th or sooner, after the end of their lunar holiday. From Feb 10th on, it looks like it took another 5 weeks for Wuhan.

Can the rest of the world rely on stay home quarantines and social distancing without the PPE, temp scans and pandemic cel apps? It’s a big gamble and we won’t have long to wait but the above chart, under the assumption of a non seasonal virus and later accurate numbers, says no.

#119 Stone on 04.07.20 at 10:13 pm

#109 Ustabe on 04.07.20 at 9:35 pm
#3 Stone on 04.07.20 at 4:01 pm

$500 gift card?

———

Whaaaat? Why would anyone put $500 bucks on a gift card? That’s not liquid, balanced or diversified. A gift card is the equivalent to owning real estate.

A gift card purchased directly from the local, non-chain, independent owner/operator in your community benefits them immediately.

Buying a re-loadable VISA card or the like benefits no one in the community until it is used.

Now I don’t view purchasing gift cards as a substitute for charitable giving but we are buying gift cards regularly from our favourite local, independent, owner operated restaurants. If one or two of them don’t make it out the other side of all this so be it.

At least it is a member of my community holding the money, not Visa or MC or Monaris or whoever.

We really should worry less about Garth’s “loss” and more so be concerned for the independent and local owner operators who give our communities their character.

———

Well, if an independent local owner operator takes $500 and doesn’t have the decency to provide something in return gives our communities their character, then I’m not interested in that type of community.

It’s also why I never buy gift cards.

Spend the money and enjoy the experience or don’t bother. It’s the memories that count and all we have left in the end. Not the plastic.

#120 Lambchop on 04.07.20 at 10:21 pm

#95 kc on 04.07.20 at 8:51 pm
Noticing today more stores are NOT accepting CASH, debit or credit cards only.

Got into argument with a 20′ something who spouted off behind the plexiglass about how terrible and germy cash is … i said you buying into the propaganda.

Has anyone else been seeing this?

cheers

———————————————————

Was in Canadian Tire last week, checking the ammunition /panic barometer (all gone) and bought some strawberry plants. Cashier rang them up and I gave her some cash. She said she couldn’t take cash and I asked her why.
She said “Because it could have corona virus”, to which I responded, “But you’re wearing gloves.”
She said “Oh, it’s not about me, it’s about the customer.”
“But, I AM the customer!”

She ended up taking my money.
People say cash is dirty, and I have no doubt that coins are filthy, but bills live in wallets for the most part, never seeing the light of day except during a transaction.

Also, where is Apocalypse 2020? Seems like this would be his moment to shine.

#121 Trojan House on 04.07.20 at 10:22 pm

#95 kc on 04.07.20 at 8:51 pm

Yes, at a Subway about 3 weeks ago. I told them it was illegal to refuse to accept cash. She took my $5 bill and I got 15 cents in change.

Lol

#122 YouKnowWho on 04.07.20 at 10:28 pm

#10 NFN_NLN

God IS Nature.

We’re living against nature. Out ways are always contrary to nature’s way. Nearly everything we do is opposite to nature.

WIV sampled over 300 Coronaviruses from Bats, and none of them were able to infect HeLa or human cells.

YET we are to believe that somehow a version of a Coronavirus mutated and hybridized naturally in a bat that just happened to survive cooking (likely in a simmering broth for hours and hours) and then jumped species, and also went to human transition?

If that’s the case…nature wanted to give humanity a punch. And we deserve it.

Although I’m more inclined to believe that a lab animal was sold to be eaten. Yeah – it’s a thing in China.

If the more likely scenario of hybridized human infecting Corona-SARS combo “escaped” a lab, than humanity deserves this for the way it abuses nature.

Either way – Don’t F! with Nature (a.k.a. God) Can’t win against nature, even if she lets you believe it for a little while.

#123 Barb on 04.07.20 at 10:36 pm

A friend sent me this reply after I enthusiastically aped that UofP might have a vaccine:

“Interesting delivery system. I’m sure it’ll be ready and FDA-approved by next year — when 99 % of us will already be immune to SAR-COV-2 anyway.

Question for the medical profession : For as long as I’ve been around they’ve been assuring us there was “no cure” and presumably no vaccine for the common cold. Can’t be done, nope, no way. And coronaviruses (of which there are many thousands of varieties) are responsible for a good chunk of the colds each and every one of us have had at some point or another.

How come it’s possible all of a sudden to produce a vaccine for one particular strain (a strain, by the way, which they cannot even detect inside a human being, ill or otherwise ; the much-ballyhooed test we hear about daily can only detect the presence of generic coronavirus antibodies — meaning that anyone who’s ever had one and recovered from it will likely test positive!

Think of that the next time the number of new “confirmed” cases is trotted out) ? Somebody’s got some explaining to do.”

#124 Doug t on 04.07.20 at 10:50 pm

IF there is a second wave coming, as some suggest, than we are in for a hell of a year – prepare for the worst and hope for the best

#125 Attrition on 04.07.20 at 10:57 pm

#85 Marco on 04.07.20 at 7:56 pm

#78 Attrition on 04.07.20 at 7:25 pm
Why every idiot in the frozen tundra equal Social democracy with communism?
Are you all home schooled by day drinkers?

It’s precisely because we’re not idiots, frozen or otherwise.

I’ll try to put this in a way you’ll understand: social democracy is wolf in sheep’s clothing, da?

“In Soviet Russia, social democracy eat you…”

And my mother’s day (and afternoon, and night) drinking has nothing to do with it.

#126 BS on 04.07.20 at 11:03 pm

If anyone was wondering what things would look under Joe Biden with his cabinet and advisers running things (because he wouldn’t even know he was president) here is a snapshot. From the architect of Obamacare.

Former Obama Adviser: U.S. Must Stay Locked Down For 12-18 Months Until There’s A Vaccine

https://www.realclearpolitics.com/video/2020/04/07/ezekiel_emanuel_us_must_stay_locked_down_for_12-18_months_until_theres_a_vaccine.html

#127 Leo Trollstoy on 04.07.20 at 11:11 pm

Millennials already hate boomers. Now that the government is putting trillions of dollars on the tab of future generations to essentially save covid19 infected boomers, I think millennials aren’t going to be happy

#128 Ponzius Pilatus on 04.07.20 at 11:17 pm

#219 PastThePeak on 04.07.20 at 11:51 am
#46 Sail away on 04.06.20 at 6:03 pm

Management courses teach ways to get along with everyone.
++++++++++++++++++++++++++++++++

You clearly missed that day…
————-
And many more after that.

#129 Don Guillermo on 04.07.20 at 11:21 pm

John Prine RIP . Absolute Icon, very sad

#130 Andrew MacNeil on 04.07.20 at 11:32 pm

For the people that keep on posting about the deaths by snake bites, less tha the flu, etc… you have no context. I cant understand the stupidity of these people. So…in Canada, 400 people die by snake bikes in period of 3 weeks?? What about in a month when theres 5000 dead?
Would you let your mother / grandmother interact with infected?
I’m tired of the the Trump supporting idiots. Shut the system down for 3 months. There is no other option. If you just feel that the government simply decides to do this on a whim, without any reason, with no scientific reasons, no on can help you. Go back to your bunker and come back in 3 years, or run for PM

The damage that this virus does in a short amount of time is many times over more sever than the flu.

#131 Ponzius Pilatus on 04.07.20 at 11:36 pm

#73 Howard on 04.07.20 at 7:10 pm
#24 Blog Bunny on 04.07.20 at 4:39 pm
A lockdown is not an excuse to stop being productive. There are so many areas of our life we can improve during this time. Get rid of the dumbing-down media. So stay focused. Adapt. Win.

———————————-

Some things I’m working on during the lockdown (in addition to actual work, which in my case I can fortunately do from home):

– progressing with my German language studies (es ist nicht einfach!)
– trying new risotto recipes
– learning a new SAP module (need it for work anyway, getting a headstart)
– reading an assortment of finance, economics, history, and geopolitical books by Piketty, Lewis, Ferguson, Zeihan, and others
– tackling a very difficult Rachmaninoff piece on the piano

Can we have a month of lockdown every year going forward please? I’m enjoying working in sweat pants and a robe every day.
————
That’s the spirit.
I’m sure the Amish wonder why the English are so worked up.
Just another day raising a barn.

#132 Andrew MacNeil on 04.07.20 at 11:37 pm

#114

Because the government doesnt actually know your taxable income. You could be making 200k a year until you laid off. Or 10k.

#133 Sold Out on 04.07.20 at 11:44 pm

A slightly different view of civil servants than the acidic one displayed here recently…

https://vancouversun.com/opinion/john-ivison-amid-staggering-unemployment-rate-public-servants-processing-ei-claims-are-the-unsung-heroes/wcm/55051539-20b0-4ddd-813d-672d2cc26418/

#134 Don Guillermo on 04.08.20 at 12:19 am

#116 Sold Out on 04.07.20 at 9:53 pm
#94 Smoking Man on 04.07.20 at 8:48 pm

If I may…
You could quit smoking; you probably won’t actually live longer, but it will feel longer.
Budump bump!
I hope your path is as smooth as possible SM
**********************************

Wow, well done @ #116 Sold Out! You’re an ugly Canadian at best !

#135 Marco on 04.08.20 at 12:27 am

96 VicPaul on 04.07.20 at 8:56 pm
#85 Marco
#78 Attrition on 04.07.20 at 7:25 pm
Why every idiot in the frozen tundra equal Social democracy with communism?
Are you all home schooled by day drinkers?

*********

“Social democracy is a government system that has similar values to socialism, but within a capitalist framework. The ideology, named from democracy where people have a say in government actions, supports a competitive economy with money while also helping people whose jobs don’t pay a lot.”

….demanded by people who have less than other people ’cause…hey, that’s not fair – apparently, it’s hard to compete in a free martket.
I believe that is the slippery slope of socialism, which is the hole to communism. Clear it up for you Marco?

M56BC

As I can see this days, you are very adoptable creatures. Very similar to fascists.
You will transfer to social democracy easy.

#136 SoggyShorts on 04.08.20 at 12:35 am

@garth get her a waterproof Kobo- reading in the tub

#137 Spectacle on 04.08.20 at 12:35 am

” Things are bad with people out of work because governments artificially turned off the economy. It did not die. It was murdered. ” GT.

Very well said Sir.

And I am pretty much done with all this Hand Washing ! When are we allowed to take a real shower again? I smell like a Crowded Elevator

#138 Johnny Peede on 04.08.20 at 12:38 am

53 Ronaldo, unwarranted you say? They’re dropping like flies news

Toronto
16 people died at Ont. nursing home before sick residents were separated from the healthy

Space constraints blamed for delay in separating patients at Pinecrest Nursing Home
Mark Gollom, Ellen Mauro · CBC News · Posted: Apr 07, 2020 4:00 AM ET | Last Updated: 11 hours ago

Healthy residents of the Pinecrest Nursing Home in Bobcaygeon, Ont., were separated from those believed to have been infected with the coronavirus last week, after 16 people had already died, CBC News has learned. (Evan Mitsui/CBC)

‘No benefit’ to sending seniors ill with COVID-19 to hospital, some nursing homes tell loved ones
Long-term care homes are worrisome COVID-19 hotspots

By April 3, the death toll at the nursing home had risen to 16. As of Tuesday, 27 residents had died and so had a spouse of a resident who volunteered at the home.

Pinecrest officials did not respond to questions from CBC News.

“Now, unfortunately … there is more space. We have more spaces and more ability to move people around.”

WATCH | Nurse Sarah Gardnier explains why it was hard to separate residents at Pinecrest Nursing Home during the initial outbreak of coronavirus:

Before the new infection control measures were implemented, patients who were healthy could have been sharing a room with patients who were sick “with only curtains in between to provide isolation,” Gardiner said.

“That was an untenable situation.”

“Pinecrest Nursing Home faces some unique challenges in an outbreak situation. The residents share rooms and there is not a lot of extra room within the facility to isolate or separate residents and staff work assignments,” it said in the news release.

Virus ‘a different beast’
Stephen Oldridge, one of two attending physicians at Pinecrest and the former medical director at the home, said with what is now known about COVID-19, there should have been a greater attempt to separate residents who were asymptomatic with those who were sick.

But, he says, Pinecrest may not have acted sooner because the process of isolating patients in safe wings and safe rooms is not the usual practice and hasn’t been necessary for most diseases.

“As I say, in hindsight, it’s not the way we’ve had to treat other viruses — that may be part of the problem. This is a different beast we’re dealing with.”

WATCH | Pinecrest Nursing Home doctor Stephen Oldridge spoke with CBC’s Rosemary Barton last week about why COVID-19 has hit the facility so hard:

#139 Ronaldo on 04.08.20 at 12:41 am

#75 CB604 on 04.07.20 at 7:16 pm
Just for clarification… which is the right/wrong type of cougar?
—————————————————————-
You will know when you meet one. I came face to face with one in a night club in Kelowna back in my younger days.

#140 Dr V on 04.08.20 at 12:46 am

76 Steve – So you’re an unemployed master stair
builder who was making $15/hr, but have a laptop and
car to drive around in??

#141 NFN_NLN on 04.08.20 at 1:12 am

Market maker has spoken, this is the way:

https://youtu.be/OYjsF-3XkF4?t=33m0s

#142 Longterm on 04.08.20 at 1:12 am

#111 Canuck on 04.07.20 at 9:37 pm

All of this pain, the destruction of many economies… all over a very nasty flu. If the death count doesn’t exceed average annual numbers from the common flu, people will flip.
****

Unlikely. Firstly, it isn’t the flu, it’s a novel virus with no human immunity [yet]. Secondly, the reason we [hopefully here anyway] won’t have a catastrophic death count is precisely because everything got shut down. The public appears to widely understand that this is the case but obviously many on this blog don’t.

#143 majik on 04.08.20 at 2:45 am

Umm, that’s not Whole Foods on Cambie!

#144 Ustabe on 04.08.20 at 3:35 am

John Prine has succumbed to complications of Covid-19.

He played our local music festival a few years ago and I was one of the lucky volunteers who got chosen to be his driver/liaison guy for a day and night.

One of the most real people I have ever met, he was giving, generous with his time and knowledge with both fans and fellow musicians.

Whiskey and pain
Both taste the same
During the time they go down.

#145 Sky on 04.08.20 at 4:11 am

@ Viorelli #99 – I worry about my dentist too. She’s young, just had her 2nd baby, and took over the practice about 2 years ago when my former awesome dentist, who I’ll call Dr. X, was struck down with Parkinsons at the age of 60.

She was Dr. X’s patient as a child and he inspired her to become a dentist. Graduated top of her class with additional invaluable hands-on training by Dr. X before he was forced to retire. She’s an amazing dentist. Irreplacable and essential.

What skill set do the “essential” politicians bring us? Other than their political theatre and lies. If I see Trudeau coming at my mouth with a drill in his hand… well this is where social distancing comes in handy. Make that a double social distance please!

#146 Sky on 04.08.20 at 5:02 am

Corona fear level on the rise.

“Sixty-four per cent of Canadians said they were personally afraid of becoming ill with COVID-19, compared to 57 per cent two weeks ago.”

https://globalnews.ca/news/6787493/coronavirus-canadians-fear-poll/

Thank you media. Screaming headlines out of Britain like more than 800 people dead of corona today !!! But the average daily mortality numbers for the UK in past years are between 1,700 – 1,800. Per day. And they are fudging the numbers by reporting people as a corona death if you died WITH the virus rather than FROM the virus. The straw that broke the camel’s back.

And what about all those scary videos that came out of China? For many years China has had epidemic levels of HIV and drug resistant tuberculosis. Hmm? Immune deficiencies and TB shot lungs. Do you think maybe this had something to do with the virus finishing them off?

Dial down the hysteria. Stop buying into the ridiculous fear porn in a hell of a hurry. Or you won’t recognize the country you step back into.

You’ve never had ” rights”. Only privileges. And they’ve been revoked.

“France has been under strict lockdown measures for almost a month. Anyone who goes outside is required to carry a document stating their reason for leaving home: shopping for necessities, visiting a doctor, or exercise within 1km (half a mile) of their address. ”

“Authorities in Paris have banned exercise outside during the day, as the fight against the coronavirus outbreak continues.”

https://www.msn.com/en-us/news/world/paris-bans-daytime-outdoor-exercise/ar-BB12gCyJ

#147 Fred on 04.08.20 at 5:12 am

the numbers don’t add up

https://m.youtube.com/watch?v=39S1kf2Jgrc&feature=youtu.be

#148 BrianT on 04.08.20 at 7:16 am

I guess the positive is after having turned the whole country into a big retirement home/assisted living centre we can know for sure how we would like the real thing if we ever ended up there. Seems like 80% like the whole trip-even at the age of 25-there is Bingo in the main hall this afternoon and today’s menu item is Chicken Supreme.

#149 Renter's Revenge! on 04.08.20 at 7:49 am

Gift cards are the worst of both worlds.

They’re the gift that says, “I don’t want to put the thought into buying you something meaningful, but I do want to limit what you can buy with this cash.”

My wife likes to browse a bookstore and pick her own titles. I would not presume to tell her what to read, but I am happy to finance her choices. She is her own person. You, on the other hand, are now banned. – Garth

#150 unbalanced on 04.08.20 at 8:04 am

DELETED

#151 ts on 04.08.20 at 8:07 am

I’m not sure if this has been mentioned, but if you are locked down and not driving to work, you can remove liability coverage from your policy and keep only fire and theft coverage or you can change the usage to pleasure driving. Also, the insurance companies should be reducing their rates temporarily (as some companies have voluntary done in the US recently) since the risk is extremely low now as many people are working from home.

#152 Trojan House on 04.08.20 at 8:11 am

#144 Longterm on 04.08.20 at 1:12 am

Yes, it is a new virus but some of the facts I don’t think are being fully presented in the MSM or by governments for that matter. As another commenter just posted, even though CV-19 was present, it may not have been a contributing factor to the death, however, it was counted as a death due to CV-19. The CDC has stated this to count the deaths as CV-19 regardless – I put a link and quoted a report the CDC sent to the FDA in the States that expressly states this the other day in the comment section of this blog.

https://www.fda.gov/media/134922/download

The fact is that we just don’t know for sure. The MSM has been quick to promote the hysteria (CBS news used video of an Italian ICU in a story about NYC ICUs being overrun). And the reports such as the one I mentioned above don’t make the headlines.

#153 BrianT on 04.08.20 at 8:21 am

Here in my town (where there is an over the top absurd level of virus panic) the death numbers since March 1 are as follows: deaths from other causes-194(est from Cdn numbers)-deaths from the virus-ZERO. For 80% of the public it wouldn’t matter if the stats were 194000 to ZERO-I guess partly it is because they don’t teach math in school anymore (along with logical reasoning).

#154 crowdedelevatorfartz on 04.08.20 at 8:22 am

@#99 Viorelli

“…He says anything past July he will just fold the business and consider an early retirement. He is only 57, still young with lots of earning potential. If he is considering folding, …”

++++

I’m sure there will be a ton of small business owners that will be wiped out and not bother starting over….and it wont take a shutdown until July to do it.
I’m hearing that gym memberships, yoga memberships, etc are being lost due to bankruptcy’s….and it only been 3 weeks. Give it 2 months……

This economy is fracked.
And no amount of civil servants processing EI claims ( ie the forgotten “heros” doing their jobs….?) will pay enough taxes to get us out of this mess.
$0.50 Canuck buck?

#155 maxx on 04.08.20 at 8:22 am

@ #15

https://yarn.co/yarn-clip/cb0b2ce5-113b-4163-8054-787a98938091

#156 Sail Away on 04.08.20 at 8:25 am

#151 Renter’s Revenge! on 04.08.20 at 7:49 am
Gift cards are the worst of both worlds.

They’re the gift that says, “I don’t want to put the thought into buying you something meaningful, but I do want to limit what you can buy with this cash.”

“My wife likes to browse a bookstore and pick her own titles. I would not presume to tell her what to read, but I am happy to finance her choices. She is her own person. You, on the other hand, are now banned. – Garth”

————-

Harsh smackdown! A little too harsh, maybe?

#157 crowdedelevatorfartz on 04.08.20 at 8:27 am

@#145 majik
“Umm, that’s not Whole Foods on Cambie!”

++++

You were standing in Safeway on hastings?

#158 Steven Rowlandson on 04.08.20 at 8:30 am

No recovery in our time or ever without knocking 2 zeroes off real estate prices and imposing the single income equal to or less than 3 years pay price limit based on minimum wage and a 25% minimum down payment rule.
Keeping Canadians poor, homeless and enslaved to outrageous debts or rents is a no win scenario. Opening up crown land to individuals in need for settlement at a dollar an acre ,all rights included would be an excellent idea also.

#159 crowdedelevatorfartz on 04.08.20 at 8:36 am

Another bridge in Italy collapses…..? Crazy

https://www.reuters.com/article/us-italy-bridge/bridge-on-genoa-to-florence-road-collapses-two-vehicles-involved-idUSKBN21Q1E0

#160 crowdedelevatorfartz on 04.08.20 at 8:39 am

158 Sail away
“Harsh smackdown!”

++++

Nah, the smug, insulting, non rent paying… Renter just found out who the Landlord is…….
:)

#161 crowdedelevatorfartz on 04.08.20 at 8:44 am

@#155 BrianT”

” For 80% of the public it wouldn’t matter if the stats were 194000 to ZERO-I guess partly it is because they don’t teach math in school anymore ”

++++

Havent you heard?
The kids are learning “new” math.

“If johnny has 3 pink T-shirts and spills rainbow colored paint on two of them. How many new shirts will the govt give him?”
15! because they’re free!

#162 Garth Turner, Order of Canada on 04.08.20 at 8:55 am

Blog dogs, when the dust settles I hope we can all attend the Order of Canada ceremony for the fearless financial prognosticator, mystic sage of Lunenberg, calming financial ship captain in the financial tsunami, lone voice crying out in the Canadian financial wilderness, tea leaf reading financial oracle, NYT bestselling author, former Minister of National Revenues, debunker of sleezy politicians and lastly jolly good fellow, the right Honourable Garth Turner.

#163 T pt 2 on 04.08.20 at 9:11 am

Question to Garth and Ryan

What numbers are you using to determine the value of stocks right now. Forward P/E

What model. With the past models being flushed down the toilet. Meaning the recovery will NOT be returning as it was in the past.

How do you determine for example the forward P/E of Disney. or Apple.

Curious.

You guys seem to spend time on the future value of homes but never even breath a mention of forward P/E when the usa economy is 77% consumer spending driven.

#164 Doghouse Dweller on 04.08.20 at 9:21 am

Central Banker incredibly powerful monetary policy in action !

https://www.youtube.com/watch?v=O1hCLBTD5RM

#165 Penny Henny on 04.08.20 at 9:30 am

#74 Don Guillermo on 04.07.20 at 7:15 pm
#41 Penny Henny on 04.07.20 at 5:30 pm
I am so pissed!
Filled up today at 78.6/ litre.
On the bad side of town it’s only 72 :(
*************************************
Canadians enjoying their largest commodity export selling low is like a grain farmer jumping for joy when he see’s bread selling for 25 cents/loaf
/////////////////

I’m making my own bread now.

smirk

#166 TurnerNation on 04.08.20 at 9:32 am

#122 Lambchop this is about social control nothing more.
In a Bulk Food chain they now grab everything for you as you push a cart behind them.

Walk in and they bark: handsanitizer, put gloves on.
You didn’t put gloves on!
-But you will be touching the scoops not me.
Yeah but you are touching the cart.
-But I just used hand sanitizer

Needless to say I am never going there again, choosing to self isolate from these tyrants. Mental illness is rampant and getting worse.

– What’s happening now is the final part of the plan in destroying the family. Cooped up all day like that, divorces will spike; job loss and money woes always means more divorce anyway.
Kids spend all day staring at a screen, not allow play with each other. It’s all dark dark fatalistic stuff on Netflix and Rick & Morty – a so-called cartoon. Adults tell me what it’s like.
– Many many years ago when I saw the newly minted Netflix was spending 9 billion that year on content…I got a bad feeling. Indeed, they are a critical part of this NWO programming.
Yup book 1984 – everyone glued to their tele-screens – shocking news, millions could die! Comply.

#167 crowdedelevatorfartz on 04.08.20 at 9:33 am

@#165 T2 ( Hasta la vista baby)

The economy has always been consumer driven.
Or did you miss that part while selling houses?

#168 the Jaguar on 04.08.20 at 9:37 am

Good article in National Post, business section today.
‘Who will take first place in the global oil games’?
Last two paragraphs project the outcome/winner.
Oh those bad ass Russians……

#169 Dharma Bum on 04.08.20 at 9:57 am

#60 Joe Schmoe

“If you think things are ugly now, wait 20 years…the country will be run by a bunch of people home schooled by day drinkers!”
——————————————————————–

Hahahaha! That is a brilliant quote!

It will go down in history along with the great wisdom quotes from the likes of Mark Twain, Benjamin Franklin, Ralph Waldo Emerson, Henry David Thoreau, and Confucius.

#170 Penny Henny on 04.08.20 at 9:57 am

And Crowdie makes his own gas!

#171 BrianT on 04.08.20 at 9:58 am

Years ago psychologists coined Stockholm Syndrome-it is when the abused victim starts defending and taking on the values of the abuser-this is happening in Canada right now-I am under house arrest so you should be under house arrest-we are beaten only because we don’t behave ourselves. Questioning authority is evil and probably the reason the virus can spread.

#172 Dharma Bum on 04.08.20 at 10:10 am

Our GLORIOUS healthcare system.
Basically shut down to put all its eggs in one basket.
Doctors shuttering their practices.
Patients forbidden.
Nobody can get basic treatment for the thousands of other health problems that continue to plague the population on a daily basis.
This is like the military shutting down when there’s a war.
The soldiers go on strike and refuse to fight because it could be dangerous.
PATHETIC.
Shame on our government.
Government ineptitude and incompetence at its finest.
Once this passes, the government will pat themselves on the back and take credit for “solving” the problem (while ignoring the massive problem they created).

#173 JB on 04.08.20 at 10:14 am

#94 Smoking Man on 04.07.20 at 8:48 pm

66 J Peas on 04.07.20 at 6:33 pm
Smoking Man. Message me, I know a way to at least double that is what I meant.

JP
….
If you or anyone knows how to get a few more years with this. I’m listening.
……………………………………………………………………
First I would go and get several professional opinions from doctors not us blog dogs. I’m not sure where you live in the province but my wife says in Toronto there is Princess Margaret Cancer Centre, Sunnybrook Health Sciences Centre The Odette Cancer Centre, Michael Garron Hospital and a Network program called Toronto Central Regional Cancer Program. They can hook you up and network your options.
As someone stated if you smoke, quit. It may not prolong your life however your whole body would appreciate the extra oxygen and you may feel better. It will help with any treatments. Not sure if your taking chemo or rads right now. We have a friend who is being treated for Grade 4 Glioblastoma at Princess Margaret now and she is in the 5 year range and extremely lucky at that only about 5% of people with this get the five years. Holistic stuff cant say anything about it. My wife is a nurse and she said what ever it takes to try then go for it. She said if your out of the GTA its going to be tough for any treatments or trials. So move closer to the city Smoky. Being an Italian Canadian of course I’m Catholic so you may find peace in different ways dog.
Best wishes for you.
John 16:33 I have told you these things, so that in Me you may have peace

#174 oh bouy on 04.08.20 at 10:25 am

@#168 TurnerNation on 04.08.20 at 9:32 am
#122 Lambchop

– What’s happening now is the final part of the plan in destroying the family. Cooped up all day like that, divorces will spike; job loss and money woes always means more divorce anyway.
Kids spend all day staring at a screen, not allow play with each other. It’s all dark dark fatalistic stuff on Netflix and Rick & Morty – a so-called cartoon. Adults tell me what it’s like.
– Many many years ago when I saw the newly minted Netflix was spending 9 billion that year on content…I got a bad feeling. Indeed, they are a critical part of this NWO programming.
Yup book 1984 – everyone glued to their tele-screens – shocking news, millions could die! Comply.
_______________________________

i don’t know man, guess i’m a glass-half-full type.
the past few weeks at home have been fantastic.
more quality time with the wife and kids, working from home is awesome, eating healthier, getting a ton of house reno/maintenance done. We are playing more video games than usual though :)

be well folks.

#175 Rebs on 04.08.20 at 10:30 am

OK i’m still reading once in awhile but you’re starting to turn me off big time.

What the F would you want governments to do instead?

#176 Sail Away on 04.08.20 at 10:37 am

#99 Viorelli on 04.07.20 at 9:07 pm

Talked with my dentist here in Vancouver, I got his cell, been his patient over 26 years. According to him, he is able to hold out for about 3 months. Big practice, 16 staff, steep rent in the mall, $19.300 monthly, has to pay for son’s post secondary, car payments, ICBC, gas, hydro, etc. Had been closed for almost a month now, self

—————–

All other costs pale in comparison to staff. If he’s still paying them, that’s 120k-160k /month. They should be laid off if not already done (do it right, though- there might be a Penny H. or Ponzius P. who will take great glee suing him to bankruptcy!).

Then talk with the landlord and equipment owners about a break/deferral.

Dentistry is recession-proof, so restarting should be possible.

#177 oh bouy on 04.08.20 at 10:39 am

@#136 Don Guillermo on 04.08.20 at 12:19 am
#116 Sold Out on 04.07.20 at 9:53 pm
#94 Smoking Man on 04.07.20 at 8:48 pm

If I may…
You could quit smoking; you probably won’t actually live longer, but it will feel longer.
Budump bump!
I hope your path is as smooth as possible SM
**********************************

Wow, well done @ #116 Sold Out! You’re an ugly Canadian at best !
____________________________

lol, great example of the pot calling the kettle black.

#178 crowdedelevatorfartz on 04.08.20 at 10:46 am

@#178 Rebs
“What the F would you want governments to do instead?”

++++

Stop burning money they dont have?

https://www.delta-optimist.com/trudeau-announces-covid-19-funding-for-women-s-shelters-homeless-1.24112771

https://pm.gc.ca/en/mandate-letters/2019/12/13/minister-middle-class-prosperity-and-associate-minister-finance-mandate

Pink T-shirts! We need more Pink T shirts dammit!

I cant wait for next year’s income tax assessments when all those people that thought they were getting “free” money have to pay tax on that untaxed income……

#179 not 1st on 04.08.20 at 10:49 am

Canadians have a funny view of who is a leader and who is not. Everyday the MSM gather in front of Rideau for the popup prime minister to come out and provide daily proverbs. And gobble up the pablum platitudes. Then he scurries away. No details, no questions, nothing. Just wait for the next appearance. Its a nightmare version of ground hog day.

Mean while Trump works 18hr days on this thing and Boris Johnson runs a country from the ICU. Both the US and EU are starting task forces to reopen the economy. What is Trudeau doing besides hiding?

#180 Yuus bin Haad on 04.08.20 at 10:54 am

I phoned Mayor Tory to complain about my neighbour who was on his porch touching his face (!!!), but I was redirected to a Mr. Stasi who wasn’t in and I had to leave a message.

#181 JB on 04.08.20 at 11:13 am

#69 Howard on 04.07.20 at 6:56 pm

The ICE condos now have 118 vacant units on the rental market. This is up from 96 just last week. In addition, 21 units are listed for sale. Wonder how long these previous AirBnB operators (these buildings were notorious AirBnb dens) can go without rental income.

https://condos.ca/toronto/ice-condos-ice-condos-ii-12-york-st-14-york-st
…………………………………………………………………….
There is my point about these Condos everywhere they are not owned dwellings they are basically apartments for rent.
Wait until your fugly neighbor comes out in his underwear to smoke a joint and piss over the balcony. Don’t dismiss it. We saw it happen back in the day. They also ran a brothel in one unit. Super glad I don’t have to ride an elevator any more with the infected Zombie hoards. Condo losses are going to be a scorched earth policy for the owners.

#182 Sold Out on 04.08.20 at 11:16 am

#180 oh bouy on 04.08.20 at 10:39 am
@#136 Don Guillermo on 04.08.20 at 12:19 am
#116 Sold Out on 04.07.20 at 9:53 pm
#94 Smoking Man on 04.07.20 at 8:48 pm

If I may…
You could quit smoking; you probably won’t actually live longer, but it will feel longer.
Budump bump!
I hope your path is as smooth as possible SM
**********************************

Wow, well done @ #116 Sold Out! You’re an ugly Canadian at best !
____________________________

lol, great example of the pot calling the kettle black.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

One can certainly question my taste in humour. I have a firmly rooted belief in conventional medicine, therefore cannot promote unproven treatments for what sounds like a glioblastoma.

Glios come with a poor prognosis, but as JB points out, individual responses to current treatments can vary widely.

I’m pretty comfortable with death and dying, having resuscitated quite a few people from that condition, and held the hands of a few more as they passed over. I’ve also processed human remains for their ultimate disposition. Humour is almost always present.

As many have gleefully pointed out here recently, we’re all going to die and that the coronavirus is just nature having it’s way. I’m not one of them, as I believe that preventable deaths should be prevented. When death is no longer indefinitely preventable, as with glioblastoma, quality of life takes precedence.

Modern life has made death and dying a remote, mysterious process that the general public is increasingly removed from. I believe that dying people and their loved ones benefit from frank, open discussions about how they can have some control in a situation that has a pre-determined outcome. Humour is one way.

Wishing you lots of quality time, SM.

#183 Don Guillermo on 04.08.20 at 11:17 am

#182 not 1st on 04.08.20 at 10:49 am
Canadians have a funny view of who is a leader and who is not. Everyday the MSM gather in front of Rideau for the popup prime minister to come out and provide daily proverbs. And gobble up the pablum platitudes. Then he scurries away. No details, no questions, nothing. Just wait for the next appearance. Its a nightmare version of ground hog day.
Mean while Trump works 18hr days on this thing and Boris Johnson runs a country from the ICU. Both the US and EU are starting task forces to reopen the economy. What is Trudeau doing besides hiding?
*************************************

He’s on the radio explaining how we should wash our hands. What more could you want?

#184 kc on 04.08.20 at 11:21 am

129 Leo Trollstoy on 04.07.20 at 11:11 pm

Millennials already hate boomers. Now that the government is putting trillions of dollars on the tab of future generations to essentially save covid19 infected boomers, I think millennials aren’t going to be happy

XXXXXXXXXXX

The mill’s won’t care as long as they get free sh!t and video games…. they don’t have a clue about economic values or what a tax rate is as long as the I-phone works……

XXXXXXXX

153 ts on 04.08.20 at 8:07 am

I’m not sure if this has been mentioned, but if you are locked down and not driving to work, you can remove liability coverage from your policy and keep only fire and theft coverage or you can change the usage to pleasure driving. Also, the insurance companies should be reducing their rates temporarily (as some companies have voluntary done in the US recently) since the risk is extremely low now as many people are working from home.

XXXXXXX

here where I am, go into a ICBC auto plan office…. see if you can tranfer a car reg….. only thing that they are doing is driving to your house and giving your NEW papers ….

pretty soon it will be stolen plates with current stickers … Cops are invisible here i haven’t seen a cop in a cruiser in 2 1/2 weeks now… don’t here of any crimes being committed …

They are winning and the country is being shut down…. now they talking about us here in BC NOT allowed to drive for an outtting???

Who has the rights to say I can’t take a weekend drive into the Okanagon ….. we are being controlled and programmed. the virus has nothing to do with it.

Read Orwell’s 1984

WAKE UP!!!!

#185 JB on 04.08.20 at 11:31 am

And here it comes just as Covid-19 hits the Insurance companies are whacking CONDO owners with huge hikes and denying some condos completely. The future looks bad for the Strata fees. Uncontrolled and massive. The fixed income wrinklies are going to suffer the greatest. Cat food anyone?

https://bc.ctvnews.ca/video?clipId=1906695

#186 Lambchop on 04.08.20 at 11:34 am

#181 crowdedelevatorfartz on 04.08.20 at 10:46 am

I cant wait for next year’s income tax assessments when all those people that thought they were getting “free” money have to pay tax on that untaxed income……

_______________________

Not to worry, our benevolent overlords will no doubt introduce a new benefit for covid19 Shutdown Survivors to offset this.

#187 Sail away on 04.08.20 at 11:40 am

I find the RCMP fines for people walking outside extremely disturbing, and far more so because they (the fines) are applauded by the general populace.

This amounts to a group of people who have been told a story by the country’s leadership, then encouraged to discriminate against certain actions by others. And they’re happily doing so. Can anyone think of a time in history that this type of action was used improperly by authorities? Hmmm…

And, of course, it’s the generally law-abiding being punished. If you’re a junkie, you can be comfortable hanging out with hundreds of others on the downtown East Side. Or, going back a few months: if you want to illegally block the country’s railroads, you should feel comfortable doing so without having to deal with pesky RCMP.

#188 Stone on 04.08.20 at 11:42 am

I was thinking about all the smart people working under the table and not paying any taxes on the income they generate. They had a good laugh at all the fools who were paying income tax.

Now that so many people are unemployed (both legitimate and those who were working under the table), I wonder how smart those who were working under the table feel now if they can’t even show $5,000 of working income.

Time for these smarties to self-fund their layoff. Good luck to you. I think you’re going to need it because that’s all you’ll be getting.

#189 cm on 04.08.20 at 11:45 am

I can’t believe there are people who think this is all just going to go away and it will be business as usual afterwards. Economists are clueless. Our society has fundamentally shifted. People will shop online more, social gatherings will decline, millions are losing jobs that will not just reappear overnight, we’re talking billions of dollars that have just evaporated. How can they be so dumb?

#190 Penny Henny on 04.08.20 at 11:47 am

Well I did it.
As mentioned the other day I went ahead and cut my own hair using the dog clippers.
And as the saying goes ‘it’s good from afar but far from a good’.

That’s $15 not going into the local economy.

#191 Sky on 04.08.20 at 11:47 am

@ oh buoy :”the past few weeks at home have been fantastic.
more quality time with the wife and kids, working from home is awesome, eating healthier, getting a ton of house reno/maintenance done. We are playing more video games than usual though :) ”
*************

You better hope that one of your family doesn’t come down with this flu because the World Health Organization wants to come into your home and remove the sick family member. Just like the PLA did in China.

W.H.O. Wants to Split Up Families ( 1 min. vid )

https://www.youtube.com/watch?time_continue=8&v=BisKwMnQkQ4&feature=emb_logo

#192 BrianT on 04.08.20 at 11:48 am

Here is the theme song for the Plandemic https://www.youtube.com/watch?v=7Zu4ON8D0fk

#193 Terry on 04.08.20 at 11:49 am

Told-Ya-So !!!

https://www.zerohedge.com/political/bernie-sanders-suspends-campaign

Go Trump………..4 more years! Yes!

#194 Stone on 04.08.20 at 12:18 pm

#192 Stone on 04.08.20 at 11:42 am
I was thinking about all the smart people working under the table and not paying any taxes on the income they generate. They had a good laugh at all the fools who were paying income tax.

Now that so many people are unemployed (both legitimate and those who were working under the table), I wonder how smart those who were working under the table feel now if they can’t even show $5,000 of working income.

Time for these smarties to self-fund their layoff. Good luck to you. I think you’re going to need it because that’s all you’ll be getting.

———

I’ll add one last bit on this subject. What I hope happens is that the underground economy takes a significant hit and that this type of employment becomes to risky for people to consider.

For employers, I hope the same will occur considering that many of the financial programs offered to soften the current blow only apply to legitimate employees.

I’m sure this will not eliminate the problem but will make this option far less attractive.

#195 Sail away on 04.08.20 at 12:22 pm

#186 Sold Out on 04.08.20 at 11:16 am

I’m pretty comfortable with death and dying, having resuscitated quite a few people from that condition, and held the hands of a few more as they passed over.

—————–

I, too, am quite comfortable with the death and dying of others.

Once carried a dead guy out of a swamp for so long he rigored into the fireman’s carry position.

Nothing to be afraid of. Premature death is sad for those remaining. Otherwise, after a good long life, acceptance is the mature approach. It’s going to happen anyway; there’s no point getting all dramatic. Even humour is ok.

#196 joblo on 04.08.20 at 12:24 pm

T2 get those Service Canada locations open!
You Lieberals beholden to union votes?

#197 BrianT on 04.08.20 at 12:50 pm

It is ironic that the globalists that run Canada pushed this densification ideal for decades-the Canadian dream of being crammed into a little burrow near the crowded subway car or streetcar/bus-so exciting to be surrounded by other lemmings-now they push forced Social Distance-which is what a lot of us wanted all along.

#198 TurnerNation on 04.08.20 at 12:59 pm

Oh Bouy it sounds like you had already escaped the matrix.

#191 Sail away – be sure that many if not most of those terrible online opinions are from Bots and Algo accounts. What we are living is the largest global intelligence and mind operation ever. What did you think those Quantum computers are doing all these years? Making our life easier and healthier ? :( Hardly. Life is getting much much harder now likely more to come

#199 TurnerNation on 04.08.20 at 1:36 pm

^ Source – for my wild claims of online social media control, fake opinions and influence campaigns

Oxford University.

https://comprop.oii.ox.ac.uk/wp-content/uploads/sites/89/2017/07/Troops-Trolls-and-Troublemakers.pdf

Notice in their map of hotspots USA is deeply into Cyber Troops as per this report:
https://i.redd.it/s8jq1fwncmr41.png

#200 crowdedelevatorfartz on 04.08.20 at 1:58 pm

@#202 BT

“… near the crowded subway car or streetcar/bus-so exciting to be surrounded by other lemmings…”

++++

Crowded? Did you say crowded??????

#201 not 1st on 04.08.20 at 2:08 pm

Wait until Biden really shoots himself in the foot by picking Warren or Hillary as his running mate. Get both wings of the democrat party hating him. Trump will eat him alive either way.

Obama endorsed Trudeau but wont endorse his own former VP. That’s the level of dysfunction in that party.

Soon history will sweep Trudeau away as well. Everyone is getting their cheque but we will see what they think when they don’t get their job back.

#202 Attrition on 04.08.20 at 2:21 pm

#193 cm on 04.08.20 at 11:45 am

I can’t believe there are people who think this is all just going to go away and it will be business as usual afterwards. Economists are clueless. Our society has fundamentally shifted. People will shop online more, social gatherings will decline, millions are losing jobs that will not just reappear overnight, we’re talking billions of dollars that have just evaporated. How can they be so dumb?

…says the smartest guy in the room, as everything slowly returns to business as usual.

Don’t just let the rich get richer – pull your head outta the sand and get your piece!

Opportunities like this only come along once every 10 years…

#203 Sold Out on 04.08.20 at 2:31 pm

For the Trump lickers…

Hydroxychloroquine is being used in a clinical trial at a North Van LTC facility. The outbreak is still continuing, no miracle cures. Further data in perhaps a few weeks.

https://globalnews.ca/news/6790071/bc-coronavirus-update-april-7/

#204 Deplorable Dude on 04.08.20 at 2:38 pm

Biden won’t be the candidate. It will be NY Gov Cuomo. He’s already being groomed, and the liberal US press is already gushing over him to set the narrative.

He’ll end up being the ‘consensus’ nominee whenever the DNC holds its convention.

#205 akashic record on 04.08.20 at 2:42 pm

#94 Smoking Man

Hey Smoking Man. Sorry to hear…

Since you like fringe why don’t you give a try with https://bengstonresearch.com/

Crazy UFO stuff, there is nothing to lose. They may recommend someone in Toronto. Supposedly better chance to try this before chemo.

Wishing you the very best!

#206 Faron on 04.08.20 at 2:50 pm

#204 TurnerNation on 04.08.20 at 1:36 pm

Notice in their map of hotspots USA is deeply into Cyber Troops as per this report:
https://i.redd.it/s8jq1fwncmr41.png

—————————————–

Did you read the article?

Here’s a concluding paragraph:

They mention the US only twice in terms of examples of manipulation. Russia gets 16 mentions. The UK six.

Further:

“Organized social media manipulation occurs in many countries around the world. In
authoritarian regimes it tends to be the government that funds and coordinates propaganda
campaigns on social media. In democracies, it tends to be the political parties that are the
primary organizers of social media manipulation.”

I’m not saying the US and other democracies don’t manipulate, but it’s not as simple as pointing at a map and shouting “Duh US Is REDdER. DUhRR”

#207 Sold Out on 04.08.20 at 2:57 pm

Some Swedish hospitals dropping out of HCQ clinical trials..

https://www.webmd.com/lung/news/20200407/side-effects-halt-use-of-chloroquine-vs-covid-19

#208 Don Guillermo on 04.08.20 at 3:04 pm

#200 joblo on 04.08.20 at 12:24 pm
T2 get those Service Canada locations open!
You Lieberals beholden to union votes?
*************************************
Did my first grocery shopping this morning since my 14 day travel isolation. Thanked the young man for working the check out. He quickly responded “why wouldn’t I? … has to be done”

Shame on Service Canada? :(

#209 not 1st on 04.08.20 at 3:05 pm

#94 Smoking Man

Go find a hospital in the US, use some of that forex money and get them to administer an immunotherapy treatment for that condition.

Jimmy Carter was cured with this drug.

https://www.bloomberg.com/news/articles/2019-02-11/merck-s-keytruda-found-to-extend-life-of-brain-cancer-patients

#210 Sail away on 04.08.20 at 3:15 pm

So much doom and discussion about the macro economy, when all any of us needs to really worry about is a tiny, tiny piece of the market. That tiny piece can equal millions and millions.

Why not just concentrate on getting yourself $10-20M, and let the macro economy work itself out? It’s not as if any of us has the slightest influence on its (the macro economy’s) operation.

The last few months could have helped move everyone further to all the money they’ll ever need. Paraphrasing Charlie Munger, you can get richer faster by being less stupider.

Or as the Finns say: “Too soon old, too late smart.”

#211 Sail away on 04.08.20 at 3:19 pm

#208 Sold Out on 04.08.20 at 2:31 pm

For the Trump lickers…

Hydroxychloroquine is being used in a clinical trial at a North Van LTC facility. The outbreak is still continuing, no miracle cures. Further data in perhaps a few weeks.

———————

Who cares? Give ’em lollipops if it makes people feel better.

Our immune systems are fully capable of handling this.

#212 J Peas on 04.08.20 at 3:20 pm

Smoking Man

I have no idea how to give you my email or contact through this thing. But I do know some excellent resources that would steer you in the right direction.

If Garth could allow me to give you my email address I can provide that information and resources.

Let me know asap.

Regards,

JP

#213 oh bouy on 04.08.20 at 3:37 pm

@#195 Sky on 04.08.20 at 11:47 am
@ oh buoy :”the past few weeks at home have been fantastic.
more quality time with the wife and kids, working from home is awesome, eating healthier, getting a ton of house reno/maintenance done. We are playing more video games than usual though :) ”
*************

You better hope that one of your family doesn’t come down with this flu because the World Health Organization wants to come into your home and remove the sick family member. Just like the PLA did in China.

W.H.O. Wants to Split Up Families ( 1 min. vid )

https://www.youtube.com/watch?time_continue=8&v=BisKwMnQkQ4&feature=emb_logo
____________________________

W.H.O. do they think they are.

#214 Don Guillermo on 04.08.20 at 3:50 pm

Sanders drops – Market pops!

Nobody cares about Bernie. He was pooched weeks ago. – Garth

#215 Lorne on 04.08.20 at 4:01 pm

Canadians have a funny view of who is a leader and who is not. Everyday the MSM gather in front of Rideau for the popup prime minister to come out and provide daily proverbs. And gobble up the pablum platitudes. Then he scurries away. No details, no questions, nothing. Just wait for the next appearance. Its a nightmare version of ground hog day.

Mean while Trump works 18hr days on this thing and Boris Johnson runs a country from the ICU. Both the US and EU are starting task forces to reopen the economy. What is Trudeau doing besides hiding?
……….
Well, sounds like you may wish to look into moving south after this is all over….but, then again, your hero may not have any power after November….thank goodness for most of us!

#216 Ottawa_vet on 04.08.20 at 5:55 pm

The threat of dying from COVID-19 is overblown. On average 1,700 people die in auto accidents each year in Canada. In the first three months COVID-19 deaths stand at 430. The chances of dying of COVID-19 is about the same as dying in a car accident.
People seem a lot more scared of COVID-19 than they are of driving!
https://carsurance.net/canada/insights/car-accident-statistics-in-canada/

#217 Piano_Man87 on 04.09.20 at 2:40 pm

Justin Trudeau says live will not return to normality until we have a vaccine – 12 to 18 months away.

School aren’t gonna open in the fall. Sorry folks.

Garth, buy yourself some shears for those raven locks.