The un-normal

Did you ever think Easter/Passover would end up this way? Me neither. It’s one for the record books.

Thursday we get jobs numbers for March. Ouch. Expect at least 500,000 fewer people working, mostly those who can least afford to lose employment – hourly folks in the service sector. There’s no working at home (or pretending to) for cooks, cleaners, hotel staff or hairdressers.

They form part of the four million souls who have thus far applied for emergency cash from the feds. There will be a few million more by the time this thing is finished. We will never have experienced this level of joblessness. The pain and distress is real. Feel lucky if you’re a teacher on full pay with no students, retired with a pension or still drawing a paycheque for remote work. T2 said Wednesday this will carry on for months, while announcing yet more spending and subsidies.

Many are mystified why stock markets can go up at a time like this. Mrs. Virus is still munching her way through the population. A new poll shows terrorist media and government have now convinced almost two-thirds of the population they’ll be infected. The Alberta premier yesterday forecast 800,000 cases (or 20% of the population), oil worth less than zero and a deficit the NDP would be proud of. There are cops stationed on the bridge between Ottawa and Gatineau, stopping cars. The real estate market, everywhere, has gone to zero. People are being arrested for walking through parks. And nobody will be in a church or synagogue this year.

And yet the Dow has gained 27% in three weeks. Bay Street is ahead 24%. This seems entirely at odds with 1930s-style unemployment, a drop in economic activity of 30%, millions of people subsisting on government handouts, closed borders and untold numbers of businesses than will never re-open. The boss over at RBC warned this week that normal will not be normal again. And he’s right. High-rise office towers, cruise liners, collaborative work spaces, packed airplanes or subway cars, bidding wars for condos or double-digit interest rates – all poof.

Next?

This could herald an exodus from cities. Maybe a renaissance of the suburbs, with built-in social distancing, backyards for veggies (plus kids and canines), a shift from transit to personal EVs, no sticky elevator buttons and professional-grade home offices for remote employment. More take-out, Netflix and online shopping. Perhaps families won’t trip to Disneyland or Cuba. Maybe cocooning and small-town life will be embraced or more folks prepare for the next pandemic by paying down debt and beefing up assets. How much will we take away from the current mess, and use it to change our lives?

A lot, I’m guessing. If governments maintain current intentions and political postures, emergency orders could be in place for months. The prime minister started spreading that meme on Wednesday. Social distancing and work-from-your-couch will last “many more weeks,” he said. Actually getting back into the office or the store will be allowed “only in a measured, graduated way.” That could be staggered over many additional months. Meanwhile, school is pooched for the entire year. Child care will be a nightmare. Lots of small business, especially those relying on the tourist trade, travelers, diners or business and social events, will be toast by July, let alone September or October.

As this sad episode in our lives started to unfold a month ago, this blog commented it would end up making the wealth gap even wider. People with liquidity, investments, plans, diversified assets, balanced portfolios and tax advice would be better. Others (the majority) with debt, no reserves, poor savings, lousy pensions, job-dependency or all their net worth in a house would not.

It’s the new un-normal. For a while, anyway. You can be sure that an engorged government coming out of the pandemic will lead to seriously more tax, a universal basic income, forced retirement savings (more CPP changes coming), travel restrictions, big real estate changes and fewer civil liberties.

All thanks to a bat.

Well, time now to change from your sweat pants into your jammies and cue up the freaks on  Tiger King. But first, listen to this…

__________________________________________________________

Below is audio of the call my fancy portfolio manager buddies and I had with our clients across Canada last night.  During the conversation Doug discussed why REITs are so whacked right now and probably pose a giant opportunity. Ryan looks deep into his charts and reaches this conclusion: it ain’t over yet. This is why we look so damn serious. Yet fetching.

Turner Investments Client Call, April 7 2020:
.mp3 Audio – OR – .m4a Audio

 

295 comments ↓

#1 Lost...but not leased on 04.08.20 at 3:29 pm

Phhyrrztt

Spwanzerred by Canada..a subsidiary of Turdeau/Morneau

Line up starts here <<<<>>>>

#2 Deplorable Dude on 04.08.20 at 3:37 pm

BC hospitals currently 97% empty. What are they waiting for? We’ve been under soft lock down for 3 weeks. Ohh and they shut all provincial parks today. Any surge would have happened by now.

Tell the sick and elderly to self isolate, and the rest of us to keep washing our hands, and let us go back to work and get herd immunity.

The economic devastation this is causing to the 99% is criminal. Instead of using poison to kill some termites, we just burned the frickking house down.

#3 Trojan House on 04.08.20 at 3:37 pm

This is not ending well…

#4 WEXIT on 04.08.20 at 3:40 pm

The new taxes will be 50% of the gain is taxable, will go to 100%.

Dividend tax credit? Who knows. Might be tough living in Canada for us that depends on dividends, and capital gains.

Not all of us have a pension.

Garth thanks for the client call mp3, I listen to all you post

#5 HVAC 20 on 04.08.20 at 3:46 pm

I worked in a low rise office tower downtown Vancouver for nearly 20 years. Everyone complained about the air quality. They routinely tested it and told us it was fine. People were routinely sick and coughing, including myself. By early afternoon, everyone was half asleep due to the lack of oxygen. I’ve been out and about for nearly 3 years now and I’ve never looked back. If nothing else, perhaps they will sort the HVACs out on office buildings once and for all!

#6 And ... on 04.08.20 at 3:47 pm

#2 Deplorable Dude on 04.08.20 at 3:37 pm

BC hospitals currently 97% empty. What are they waiting for? We’ve been under soft lock down for 3 weeks. Ohh and they shut all provincial parks today.
—————————————
rec sites. These are the ones out in the boonies. Far more likely to catch a fish than a virus. Looks like my cronnies will stay home this year …

#7 Ej on 04.08.20 at 3:49 pm

“terrorist media and government”

:) They are becoming so.

#8 Bill Grable on 04.08.20 at 3:54 pm

The Stock Market goes up as Banks are teetering and the REPO Market is pooched. The Virus has shut the world.
Huh?

You say house sales are dead? Vancouver sold 900 homes in March and that was a shock. ??

There is a huge disconnect in this whole socio-economic nightmare, I am totally and utterly confused.

#9 Startup taxes on 04.08.20 at 3:54 pm

I’m working on a startup at the moment – going it alone for now. It’s specifically in the personal management and planning fintech space. Things were looking good for investment and grants a few weeks ago. Not so much any more.

The one thing that will be interesting is how taxes play out for startups. One would think all taxes will go up, but on the other hand we may see startup tax go down to encourage more employment and growth in new areas.

#10 DreamerMTL on 04.08.20 at 3:55 pm

“more folks prepare for the next pandemic by paying down debt and beefing up assets.”
Why would they if last time government spent billions in saving their ass ?

#11 Teacher on 04.08.20 at 3:55 pm

Hello Garth,

Schools closed for the year? News to me. Can you provide a source?

#12 Genie on 04.08.20 at 3:56 pm

#Deplorable Dude

Just look at New York with hundred’s of dead every day. This could happen in Ontario or BC or any of the Canadian Province. Once the genie is out of the bottle, it cannot be put back. It is better to err on the side of caution. We should have a complete shutdown for 6 months atleast to get rid of this deadly virus and prevent a million deaths.

#13 Dave on 04.08.20 at 3:57 pm

Stop being so dramatic, worse case is we’re 18 months from a vaccine, so things will revert back to the way it was in many cases

#14 Dave on 04.08.20 at 3:58 pm

Municipalities in Metro Vancouver are crying a river and begging for money from Provincial NDP.

Let’s start with cutting some FAT – easy wins like Fire Department Reduction, Failed Projects Reduction , & Unnecessary Spending.

By law the City can not run a deficit…they now just need to stop wasting tax dollars

#15 Howard on 04.08.20 at 3:59 pm

Scotiabank no longer allowing speculators to use a HELOC for a down payment on a rental property. A 20% DP must come from unencumbered cash.

I presume the other banks will follow.

My question is, how will the banks enforce this new rule? How will they know for what reason a given customer is withdrawing HELOC money, if the customer gets a mortgage for a rental property from a different lender?

https://twitter.com/JohnPasalis/status/1247934400056221698

#16 Smoking Man on 04.08.20 at 3:59 pm

And yet the Dow has gained 27% in three weeks. Bay Street is ahead 24%. – Garth
………..

I told y’all this would happen.

#17 Death on 04.08.20 at 4:00 pm

Now is not the time to worry about the economy. The economy will bounce back just like the stock market. Lets get rid of the virus first and save lives. The list of essential service business needs to be trimmed down. We need more people off the road. It is still dangerous and nobody knows how many people with infection are walking down the street.

How does driving a car spread infection? Use your head and stop being afraid of dying from a virus which so far has infected 0.053% of the population. – Garth

#18 Abby on 04.08.20 at 4:02 pm

Aren’t the wealthy the ones that will have to pay the bill for all of this?? Not a statement but an honest question. Maybe not the wealthy but the upper middle class for sure. This seems like a reset. Breathtaking the bill from all of this.

This certainly brings into focus what’s important. Hopefully people will want to lead a less leveraged life. Crazy times!

#19 crowdedelevatorfartz on 04.08.20 at 4:04 pm

@#5 HVAC20
“I worked in a low rise office tower downtown Vancouver for nearly 20 years. Everyone complained about the air quality. ”

++++

I was a Engineer in many buildings in Downtown van for well over 20 years.
#1 complaint? Janitorial.
#2 complaint? Elevators
#3 complaint? HVAC or Security ( tied for 3rd).

I saw the writing on the wall when our company was taken over by a large multi national. All the experienced , qualified trades were nuked of forced out and replaced with janitors and light bulb changers.
I left. and started an entirely new career.
Highrise office towers are an anachronism.
Pointless waste of rent and the Covid19 “work from home” will only drive a spike deep in the heart of most commercial investments.

Alvin Tofflers “Electronic Cottage” prediction 40 years ago is here…

https://www.edn.com/the-electronic-cottage/

#20 The West on 04.08.20 at 4:04 pm

I commend you sir on continuing to bring up the large loss of personal freedumbs we are going to endure (especially financially) long after this is over.

#21 Attrition on 04.08.20 at 4:07 pm

Let me get this straight.

Everything back to normal in China (for the most part) and many other places around the world, but nothing will be normal in the democratic West?

Not buying it.

This well exploited event is a power and cash grab for sure, but even right now people are waking up to the reality that it’s not different this time.

(Dare I say, even some of the doom and gloom blog dogs who days ago were ready to use their fivers as toilet paper since it’s so worthless…admit it, you sense the end of The End is nigh)

It’s always a power and money grab by our rulers.

Now, if anyone thinks the fit and able bodied among us will be shamed into submission, arrested into submission, or legislated into submission, they forget themselves. We have charter rights, and more.

And lest you forget, the history of the West isn’t exaclty a story of submitting to the powers that be. Quite the opposite.

It’s the powers that be that will soon need to be reminded that governments should fear the people, not the other way around.

Those who trade their freedom for security, well, you know the rest…

My reading tells me not much about post-virus life is normal in Wuhan. – Garth

#22 Bil Lievitt on 04.08.20 at 4:11 pm

Now might be the time. Ferries have mostly stopped sailing. Flights to the Island have been nearly empty. No Bridges and no visitors coming up the Coho. Plus, we already have a nice Victorian parliament building. Hardly used. Last time I looked we also had a Navy that wasn’t being used parked nearby.
https://upload.wikimedia.org/wikipedia/commons/thumb/a/a7/Flag_of_Vancouver_Island.svg/1920px-Flag_of_Vancouver_Island.svg.png
Dr. Henry will make an excellent President, but we’ll need a qualified Finance Minister Garth. Know anyone?

#23 Thank-you T2 on 04.08.20 at 4:13 pm

Lay in bed, applied for CERB from my phone… two days later bingo $2k in my account.. and I never left my bed.

Awesomeness! Money for nothing! Digital bits on my phone.

#24 Linda on 04.08.20 at 4:14 pm

If literal millions are applying for EI/CERB, is that not an indicator that unemployment numbers will be much higher than 500,000? Or is this going to be a matter of who is counted when, so March numbers will be bad but April numbers much worse?

I just can’t see universal basic income being a realistic outcome. First, would that not have to be funded by taxpayer dollars? Second, if it is universal, what incentive is there to work for a living since anything earned above ‘basic’ would be taxed to support those who can’t or won’t work? Third, what would be considered basic? Enough to cover the expense of food/clothing/lodging? Are we talking just enough to pay for a mat on the floor of the local homeless shelter?

Also, the engorged government post Covid. Since there have been layoffs at municipal & provincial government levels, why would the federal level increase? To administer universal basic income? If everyone gets the same amount, a computer program would suffice to ensure distribution of same. No longer any need for EI or other programs, so the employees who work there could be reassigned as required to run the universal program & since that is mostly done by computer algorithms most of those formerly employed staff could join the ranks of the ‘universally blessed’. Gah.

#25 Calgary Rip Off on 04.08.20 at 4:17 pm

Excellent.

I love social distancing. Even 12 feet is too close. I prefer a 10 mile radius with no humans. As a grad student 94-96 in Moscow Idaho during time between semesters there was many weeks when I didnt see a single human other than at church.

At the hospital where I work I walked through the break room today. 8 humans sitting at a table, half a foot at max between humans. Other than sex there is no reason at all to be that close. One of my coworkers not in my work area came to bug me with meaningless chit chat. I told him to stay back 12 feet. He said that was discrimination. I dont understand why humans are so needy. Perhaps its better if humans were more like cats. Like me.

No travel, social distancing, people staying in their houses. Other than people actually suffering death and stress, this is NOT a sad time. Most in North America have drinkable water, edible food, electricity, motorized vehicles and all their limbs. Perhaps those complaining can imagine life without their limbs or living 300 years ago, much harder then. I hope this non traveling and serious living continues once Covid 19 has a vaccine as it is never going away. And apparently China Hunan is open again, likely with wet markets alive and well.
Only a matter of when a new worse virus emerges. Not if, but when. At maybe next time the death rate will be 50% or higher.

All those idiots that insist on plane flights and cruises? Those companies would have to pay me to even think of my presence among such trivial nonsense. My lunch hour today was disturbed by humans talking on their cellphones disturbing my tranquility. I ask what is so important that these persons need to be walking around with phone in hand in public like they are someone privileged and special? Pathetic. Talk later to the person on the phone at home.

Suburbs are not social distancing. There are neighbors less than 10 miles away. That is not acceptable for distancing.

Thank you for the updates.

#26 Dolce Vita on 04.08.20 at 4:17 pm

“All thanks to a bat.”

STILL urinating myself laughing as I type this.

THAT was good.

#27 Leftover on 04.08.20 at 4:17 pm

Why are markets up so much?

Big caps, too big to fail, because they underlie the whole structure of our current and future economy. Banks, Utilities, Microsoft, stuff like that. That’s what’s moving and that’s where you will want to be for the foreseeable future.

Airlines, hospitality and, yes, energy, all are tough bets. Same with commercial real estate, though some REITs have legs if they’re not too heavily leveraged.

#28 Dougie on 04.08.20 at 4:17 pm

Lost…but not leased, #1 today

You know, you are getting *really* annoying.

#29 JB on 04.08.20 at 4:18 pm

#5 HVAC 20 on 04.08.20 at 3:46 pm

I worked in a low rise office tower downtown Vancouver for nearly 20 years. Everyone complained about the air quality. They routinely tested it and told us it was fine. People were routinely sick and coughing, including myself. By early afternoon, everyone was half asleep due to the lack of oxygen. I’ve been out and about for nearly 3 years now and I’ve never looked back. If nothing else, perhaps they will sort the HVACs out on office buildings once and for all!
………………………………………………………..
Smart move all hi-rise towers residential or commercial have the same air quality issues. Recycle the same crappy de-oxygenated bacterial, virus infested air.

#30 Lost...but not leased on 04.08.20 at 4:19 pm

Just had an phone conference with my MD (ie we had in person appointments…protocol was changed due to COVID 19)

Our next “appointment” is early MAY…again via phone…as according to him this COVID 19 (scam..my words) will last at least another month.

#31 Lost...but not leased on 04.08.20 at 4:29 pm

#14 Dave on 04.08.20 at 3:58 pm
Municipalities in Metro Vancouver are crying a river and begging for money from Provincial NDP.

Let’s start with cutting some FAT – easy wins like Fire Department Reduction, Failed Projects Reduction , & Unnecessary Spending.

By law the City can not run a deficit…they now just need to stop wasting tax dollars

===================================
Here Here…

A collateral benefit of the COVID 19 scam may be that the tide goes out and local gov’t s TRUE financial picture become exposed aka “naked”.

Far too many have p*ssed away millions of tax dollars on frivolous and fatuous self de-ification projects.

There are far too may loopholes for local gov’ts to avoid public scrutiny and accountability…compounded by the fact..at least here in BC..they have (4) year terms in office.

#32 TurnerNation on 04.08.20 at 4:31 pm

A good blog post to re-visit what I saw elsewhere, again.
(This is the new climate change…and it’s working).
Could this be why every country is going on months of lockdown, no hint of an end? Big Data.

–“We’re in an experiment. We’re now getting a glimpse of what a high tech, low carbon, limited mobility civilization looks like. The technocrats must be loving this – they’re going to have so much data to analyze after the experiment is over. Other major interest groups will use this experiment to further their agendas “–

#33 Dave on 04.08.20 at 4:33 pm

You’re being dramatic….After vaccine things will normalize, 18 months away…therefore unlikely to have major long term changes other than a surveillance state

#34 sammy on 04.08.20 at 4:36 pm

Take a look…. https://www.youtube.com/watch?v=lGC5sGdz4kg&t=370s

#35 Faron on 04.08.20 at 4:37 pm

Thanks for the post today Garth and for giving a nod to a growing wealth gap and how hard this is going to hit those with the least. It’s nice to hear coming from a non-leftist blog.

IMO, the equities market will grow or at least stay stable until there’s evidence that the fiscal “bridge” that central banks and gov’ts have built isn’t going to be long enough to span the timeline of the lockdowns. If economic data begin to reveal that the dip will be deeper/longer than thought and if there isn’t a stimulative response, markets will fall again. The consequences of the bridge failing are massive, so it seems unlikely that it would be allowed to happen.

I personally think the market is overly optimistic given that all economic data thus far has been worse than projected. Couple more weeks of float and then the reality of unemployment in the high teens will set in. But I’m a contrarian, negative bastard who is an armchair economist…

#36 Sail away on 04.08.20 at 4:40 pm

#5 HVAC 20 on 04.08.20 at 3:46 pm

“I worked in a low rise office tower downtown Vancouver for nearly 20 years. Everyone complained about the air quality.”

—————-

Here, I fixed your statement to apply more broadly:

“I worked in… Vancouver… Everyone complained”

#37 Speaking Moistly on 04.08.20 at 4:42 pm

Too funny.

https://youtu.be/eySDeBdqxGY

#38 The real Kip (Ret) on 04.08.20 at 4:43 pm

“And yet the Dow has gained 27% in three weeks. Bay Street is ahead 24%. This seems entirely at odds with 1930s-style unemployment, a drop in economic activity of 30%, millions of people subsisting on government handouts, closed borders and untold numbers of businesses than will never re-open.”

Amazing what $4-trillion of Fed stimulus can do eh? The middle class will pay this plan-demic.

#39 Sail away on 04.08.20 at 4:45 pm

#25 Calgary Rip Off on 04.08.20 at 4:17 pm

I dont understand why humans are so needy. Perhaps its better if humans were more like cats. Like me.

————-

Well, of course you don’t understand if you’re a cat.

Hope they don’t use laser pointers in the operating room.

#40 Dolce Vita on 04.08.20 at 4:48 pm

Seems Wednesday EU economy reporting day. All unanimous.

Italy, France and Germany in recession.

Bank of France said today every 2 weeks of lockdown costing its economy:

-1.5%

Expected. Still depressing.

Certain there will be a rebound by Q4 but it will take awhile to dig out from the economic mess unfolding under our very noses.

Years? Who knows?

#41 Sail away on 04.08.20 at 4:52 pm

#26 Dolce Vita on 04.08.20 at 4:17 pm

“All thanks to a bat.”
STILL urinating myself laughing as I type this.
THAT was good.

—————–

Maybe it’s an Italian thing, Dolce, but… that is WAY too much information. Stay off my upholstery.

#42 just a dude on 04.08.20 at 4:56 pm

Garth,

Thank you for a great post and thank you as well for sharing your last conference call. Always enjoy hearing you, Doug and Ryan’s thoughts. You guys rock!

I’m stunned at the market rebound since the low a couple of weeks ago. It was tough not to panic sell after the super quick 37% drop but so glad I managed to hold on – good thing I bought extra underwear and some JD. It’s also nice to see the dividends coming in this month – hope it continues.

#43 Dolce Vita on 04.08.20 at 4:56 pm

One last thing about the Labour Force Survey due tomorrow.

I want to see if StatCan have the NERVE to publish “Seasonally Adjusted” numbers when:

1. There has never been a season like this in their entire reporting history to save their lives.

Ya, this I ‘gotta see. Can’t wait.

I’ll be publishing the Unadjusted Numbers tomorrow as well, if Garth will let me.

Ciao d’C19 central + recession + pig sick of Martial Law + …

#44 Kurt on 04.08.20 at 5:00 pm

“How does driving a car spread infection? Use your head and stop being afraid of dying from a virus which so far has infected 0.053% of the population. – Garth”

Yes, use your head and stop being afraid. Absolutely, driving a car does not spread infection (getting out at the end of the journey and taking dumb risks with people does, but you don’t need a car for that.) But Garth, saying “a virus which so far has infected 0.053% of the population” is the wrong statistic; how many people have been infected thus far is irrelevant. What is relevant are the projected final penetration (30-70% in the absence of public health measures; much lower with the measures we have in place) and the Infection Fatality Rate (which looks to be 0.3%).

PS – the numbers I’ve provided imply that a randomly selected person has an absolute worst case 1-in-667 chance of dying from this in absence of public health measures; with the care our governments are taking, it’s going to be waaaay lower than that. I’m actually more worried about the human toll of our public health measures and how to deal with those until we can implement less disruptive testing-and-contact-tracing.

Pardon my ignorance, but in what country has there been an infection rate of 30-70%? The virus supposedly ran rampant in Italy and the infection rate there so far is 0.023% of the population. Yes, any death is a tragedy. But these infection rate stats appear to be fiction at this point. What am I missing? Are we so dumb that half of us will sicken? – Garth

#45 Not my Elephant on 04.08.20 at 5:05 pm

#15 Howard on 04.08.20 at 3:59 pm
Scotiabank no longer allowing speculators to use a HELOC for a down payment on a rental property. A 20% DP must come from unencumbered cash.

I presume the other banks will follow.

My question is, how will the banks enforce this new rule? How will they know for what reason a given customer is withdrawing HELOC money, if the customer gets a mortgage for a rental property from a different lender?

https://twitter.com/JohnPasalis/status/1247934400056221698
——————————————————————

I just completed a transfer of payment for a mortgage. The bank required statements from the previous three months where the funds originated. I believe it was SOP to ensure it wasn’t from money laundering. Therefore it’s fairly easy to see if the funds came from a HELOC or not.

#46 Ustabe on 04.08.20 at 5:06 pm

#2 Deplorable Dude on 04.08.20 at 3:37 pm

BC hospitals currently 97% empty. What are they waiting for? We’ve been under soft lock down for 3 weeks. Ohh and they shut all provincial parks today. Any surge would have happened by now.

Would you rather have infection and death numbers like Quebec and Ontario? What BC is doing seems to be working to me.

~~~~~~~
Anyone besides me get that email from Peter MacKay?
Just another excellent example of why the CPC will be in no position to form government any time soon.

~~~~~~~
After all his cuts to healthcare workers, I must admit, its kind of fun to watch Doug Ford catch the socialism.

I bet little Kenny is real happy about now as well…

#47 Attrition on 04.08.20 at 5:08 pm

My reading tells me not much about post-virus life is normal in Wuhan. – Garth

On further reading–and not just headline scanning–I’m tempted to agree with you.

Yet in an Asian country I hold in a singularly high esteem, there has been an emergency declaration, but reading past the headlines it’s not national, just for 6 prefectures near the metropolis. And up north, kids are in school (unlike mine), parks are open, and ramen bars are (almost) bustling.

Maybe it’s a case of glass half full vs half empty.

Or maybe I just don’t want to believe things will be that different.

Surely we won’t let one virus of the thousands that have come, the thousands yet to come, destroy our way of life…will we?

#48 Speaking Of Stats on 04.08.20 at 5:10 pm

We’ve shut down the economy based on stats. Take a few minutes to watch this …
https://www.youtube.com/watch?v=39S1kf2Jgrc

#49 S on 04.08.20 at 5:11 pm

Astonishing how easily people are spooked into giving up their personal freedoms and civil rights. Perhaps we do not deserve democracy…

Opposition doesn’t even get a chance to ask questions while the leader of the government that just weeks ago hung by a thread gets to emerge from hiding once a day and pontificate. Surely technology exists to keep the parliament and question period running remotely.

Surprisingly East Europeans, who just recently won their rights and freedoms, have also submissively crawled into their beds.

Looks like the whole world has taken an abrupt and hard turn left… I doubt we can invest our way out of what’s coming.

#50 Dolce Vita on 04.08.20 at 5:13 pm

#35 Sail away

A bit rich coming from someone that gets lost in the flora & fauna or primordial Canada even has upholstery, let alone a compass (or nappies).

#51 Peter Courtney on 04.08.20 at 5:14 pm

Terrorist media!!!! I like that!!!!

#52 Lead Paint on 04.08.20 at 5:16 pm

My prediction: liftime cap on TFSA contributions at $100,00, and liftime limit on free capital gains on houses
at $1,000,000.

The latter will drop over time. Government will make its appeal as ‘temporary emergency measures’ to build up the national balance sheet, but they’ll become permanent.

#53 Stone on 04.08.20 at 5:17 pm

I’m not overly happy with continuing new cases of the virus. You would think if everyone self-isolates and respects social distancing, this should be done in 2-4 weeks. Unfortunately, many people are too selfish and disrespectful to their neighbours to make that happen.

On a brighter note, my balanced and diversified ETF portfolio is now at -7.86% YTD. I didn’t rebalance at the bottom but not that far off from it either. I’m feeling pretty good about it but who knows, -7.86% YTD might suck.

I’m curious where everybody else who has a balanced and diversified ETF portfolio is sitting at.

#54 BrianT on 04.08.20 at 5:21 pm

#17 Death-re your driving comment-I read a MSM article telling everybody in Canada not to drive their car-because when you get in an accident you will infect the emergency workers-???-I am not Infected! They are not even bothering to try to come up with logical arguments now.

#55 MF on 04.08.20 at 5:23 pm

Great post Garth.

Back to nailing it. We thought we lost you for a few weeks.

MF

#56 Penny Henny on 04.08.20 at 5:24 pm

Try here.

https://dyslexicsmokingman.blogspot.com/

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

#217 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.

#57 kww on 04.08.20 at 5:24 pm

Tracking Down the Origin of the Wuhan Coronavirus
on Youtube, a production from Epoch Times/NTD.

Now we know who to blame

#58 Niagara Region on 04.08.20 at 5:25 pm

re: “Feel lucky if you’re a teacher on full pay with no students”
If there such a thing? All the post-secondary teachers I know–and I know many–are now teaching on-line. Yes, I’m sure all these teachers are grateful to still have paycheques, but they’re working for them.

#59 akashic record on 04.08.20 at 5:25 pm

Happy Passover.

#60 Sail away on 04.08.20 at 5:30 pm

#50 Dolce Vita on 04.08.20 at 5:13 pm

A bit rich coming from someone that gets lost in the flora & fauna or primordial Canada even has upholstery, let alone a compass (or nappies)

——————

Don’t know about the rest of you, but I take nappies every day when ‘working’ from home. A nappy in the morning after coffee and another nappy mid-afternoon.

I assume all home ‘workers’ are doing the same (except my wife who seems driven for some strange reason- glad it’s not rubbing off).

#61 crowdedelevatorfartz on 04.08.20 at 5:32 pm

@#30 Lead Paint.
“My prediction: liftime cap on TFSA contributions at $100,00, and liftime limit on free capital gains on houses
at $1,000,000.”
++++

I’d expect some sort of cap on TFSA’s before a capital gains cap.

The majority of voters bow down before the altar of Real estate …. not TFSA’s.

To their detriment.

#62 Sail away on 04.08.20 at 5:34 pm

#44 Kurt on 04.08.20 at 5:00 pm

…the projected final penetration (30-70% in the absence of public health measures; much lower with the measures we have in place) and the Infection Fatality Rate (which looks to be 0.3%).

“Pardon my ignorance, but in what country has there been an infection rate of 30-70%? -Garth”

——————

That is the country of Imaginationland, where all things are possible, and which Kurt, apparently has chosen to inhabit.

There are no border restrictions in Imaginationland; one can come and go as the mood strikes.

#63 Lost...but not leased on 04.08.20 at 5:37 pm

COV begs..err asks… for $200 Million from BC Gov’t

https://bc.ctvnews.ca/vancouver-asks-province-for-up-to-200-million-in-emergency-funding-1.4888018

#64 Dolce Vita on 04.08.20 at 5:38 pm

“…What am I missing? Are we so dumb that half of us will sicken? – Garth”

You’re not missing anything.

The infectious research people like the UK’s Imperial College COVID-19 Response Team stated (based on European countries study):

“We estimate that, across all 11 countries between 7 and 43 million individuals have been infected with SARS-CoV-2 up to 28th March, representing between 1.88% and 11.43% of the population.”

That includes all cases, very mild to very bad. Still, pretty “elastic” +/- 2 Std. Dev. numbers to be sure.

Garth, it’s the lack of testing to obtain the exact numbers or enough testing to get a high degree of certainty with a very low Std. Dev.

Even though Canada has a mortality rate of 2.1%, as of today, it’s probably MUCH LOWER since the majority of cases are left, or remain to be, uncounted.

———————————

…and to the Chest Thumping Commenters from BC, you are not living in Valhalla, OK.

Your Ro infection rate > 2, your cases chart looks like everyone else’s and if I take the Imperial College methodology and apply it to BC, your best case scenario (Lowest Attack Rate) is this:

Infections 4,564
Deaths 144

FYI: Quebec blew past their best case scenario a few days ago.

Stop listening to BC Chief Health Officer Moonbeam and her Glee Club over at CTV Vancouver.

I have counted already 3 “glimmer of hope” speeches from her regurgitated by her Glee Club, each dashed the next day.

Trust in Mother Nature and her ways, red tooth and claw. Trust in Math. And people like Imperial College that have been at it for decades and changed the minds of people like Boris, Orange Man and Fraulein Merkel.

#65 j.morris on 04.08.20 at 5:38 pm

My 60/40 portfolio did a positive turnaround on March 25, purchased ccl-n in my non registered account today hoping for a 40% intrinsic value to the upside, giving myself a 2 year timeline,once in a while the poker side of me takes control ,am I a financial sinner?

#66 Paddy on 04.08.20 at 5:41 pm

“You can be sure that an engorged government coming out of the pandemic will lead to seriously more tax”…….Yes and the savers/investors will be punished…..capital gains tax exposure raised from 50 to 75%?….I think so.

#67 David Martin on 04.08.20 at 5:47 pm

Why does Garth always have his head cocked to one side?
Pinched nerve?

#68 Sold Out on 04.08.20 at 5:48 pm

#39 Sail away on 04.08.20 at 4:45 pm
#25 Calgary Rip Off on 04.08.20 at 4:17 pm

I dont understand why humans are so needy. Perhaps its better if humans were more like cats. Like me.

————-

Well, of course you don’t understand if you’re a cat.

Hope they don’t use laser pointers in the operating room.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Is it just me, or does the thought of being rendered unconscious and helpless anywhere near this guy make you verrrrry uncomfortable?

#69 Sail away on 04.08.20 at 5:50 pm

#53 Stone on 04.08.20 at 5:17 pm

I’m not overly happy with continuing new cases of the virus. You would think if everyone self-isolates and respects social distancing, this should be done in 2-4 weeks. Unfortunately, many people are too selfish and disrespectful to their neighbours to make that happen.

——————-

I spent much of each nice day randomly wandering around outside, Stone: fishing, singing, whistling, sneezing, having coughing fits, etc.

Strangely enough, your happiness or lack thereof never crossed my mind.

#70 Lost...but not leased on 04.08.20 at 5:51 pm

YVR passenger traffic collapses by 94%:

https://www.richmond-news.com/news/yvr-passenger-traffic-falls-to-3-000-per-day-from-78-000-1.24113823

#71 Basil Fawlty on 04.08.20 at 5:53 pm

They have been eating bats for 5000 years in China and suddenly an under cooked one shuts down the world economy? I smell a rat!

#72 Reality is stark on 04.08.20 at 5:53 pm

The CCP will never forget how the British hooked them on opium to prosper during the silk trade.
The anger will never abate.
They ran the world prior to that period and will not rest until they run the world again. They have no use for fair trade. The goal is to dominate and for you to be subservient.
The leader of the west must force adherence to intellectual property rights recognition and police currency manipulation.
Do not allow them the glory of using the pandemic to crush us.
Hang them high for misleading the WHO.
As a Canadian do something useful for a change and stand up for western liberty. Tariff the hell out of them if they don’t play ball.
I hope you can find it in your heart to support the courageous freedom fighters in Hong Kong and Taiwan.
They are the real heroes and they will die by the millions.
Be thankful that is not your fate.
Or you can choose to be a North American social justice warrior. Fighting for an idiotic cause which only serves your enemy in the final analysis.

#73 not 1st on 04.08.20 at 6:02 pm

Listened to the podcast, very informative, but you guys have sat on the sidelines waiting for the VIX to fall? Did I hear that right?

There are tons of stocks that could have been bottom fed. Ignore consumer discretionary, that isn’t coming back for 2 yrs, but people still have to pay their power and phone bills. Utilities and those sectors are are a screaming buy. If you are looking for real estate plays Brookfield is a better bet.

We do not buy individual stocks because our clients like to preserve their capital. – Garth

#74 Eaglebay on 04.08.20 at 6:02 pm

The business subsidies introduced by our government will reduce the unemployment in Canada. They will cover 75% of all wages at any business, big and small. Air Canada is rehiring 16000 employees and many more will follow. This will give most employees their total wage as usual. For the others that are actually laid off, they’ll get $2000.00 per month for 4 months. These programs are all taxable of course. The payments are usually received 2 days after applying. In my case, some of my employees may only do clean ups, repairs, maintenance or even painting the old place.

#75 Timoftrees on 04.08.20 at 6:03 pm

How about we cut pay to all those govt employees except doctors and nurses- and I mean the ones working the Covid 19 wards- everyone else on 2G per month.

We’ll see how fast everyone changes their tune on this thing. When the govt decided to destroy my livelihood- DESTROY MY LIVELIHOOD – I got real pissed. I’m not the only one.

#76 Last Gasp on 04.08.20 at 6:12 pm

The biggest buyers of stocks are the fed backed reflated wall street racketeers backed by vapour capital. They blew their financial wad in 2008 and after blowing that up, are in for part deux, the sequel… but again taxpayer backed of course. Crony communism for the elites and dirty survival capitalism for the bottom grest unwashed. Take the insiders away and stocks would be down 45 per cent from the top. This gain is a classic bear market bounce. It is textbook

Canadian stocks follow usa stocks.There are no real markets or honest price discovery anymore. We have glam comminism now. Seize the means of earning a living while indentured in your electronic hovel.

We are in bizarro world with fantasy Don
Quehote government shutting everything down and thinking that turn on the switch in June and it will all be rainbows and jelly beans. Why tax anybody when you can just print to
infinity and beyond..a nd send everybody home and never work again.

I’m in. Just send me my check Justin.

#77 Paul on 04.08.20 at 6:14 pm

Hey Smoking Man
Just wondering once the Government test for Covid19,
They just add all the D.N.A. Into a file you know just in case???
Bueller ,Bueller anyone??

#78 Penny Henny on 04.08.20 at 6:14 pm

Garth I wanted to say Thank You.
You know this is not a suck up because I never do this (okay, maybe one other time). Usually you have to delete or ghost my comments.
But this is sincere.
Thank you for letting multiple sides of this Corona discussion see the day of light.

PS. I still don’t like rate reset preferreds

#79 Sold Out on 04.08.20 at 6:15 pm

Any of you CPC members receive Peter MacKay’s tweet?

“We have overcome diversity before. We will do so again.”

Maybe a Millennial candidate would know how to use Twitter, and the English language.

#Freudianslip #adversity=diversity

#80 Deplorable Dude on 04.08.20 at 6:19 pm

#12 Genie “ Just look at New York with hundred’s of dead every day. ”

NY accounts for 43% of US Deaths. It’s an outlier like Northern Italy. Something about their demographics we haven’t figured out yet. The rest of the US hasn’t seen a big surge. Medical staff being laid off all over as hospitals are empty.

The question is this. Worst case BC model put us 30% over hospital capacity. Apparently the only option was to immediately hit the economic self destruct button. No option to bring in resource from elsewhere, move supplies around Canada as needed as the US is doing? Was this even considered?

No nuance, no cost benefit analysis? Just immediate nuke ourselves from orbit.

#81 Darryl on 04.08.20 at 6:23 pm

Great post but I’ll ask this.
Isn’t the taller guy usually in the middle of a photo ? :)

#82 the Jaguar on 04.08.20 at 6:25 pm

“Next?
This could herald an exodus from cities.” – Garth

My guess is that it won’t exactly be an ‘exodus’ as young people will want to be near arts, entertainment, school choices, etc., and immigrants will largely want to be in cities to bond with immigrant communities and interests. This has always been the case. Distant suburbs will die the ugly death they deserve. Many have been falling into decay and their upkeep is getting too expensive, especially the transit, police, and fire services. Did I mention they are ugly? The ones closer in can be rehabilitated through gentrification and already have mixed commericial use and good transit corridors. Small towns will likely benefit as O.K. Boomers who can put in their retirement papers will be inclined to do so having had the’ bee jesus ‘scared out of them with the Covid crisis, especially those towns with character and close proximity to city services. The desire to return to a quieter, gentler time will inspire many to ‘get the hell out’. Good news, Millennials! You’re about to get the keys to the kingdom! Wonder what that will look like if many of those big office towers in the financial districts of places like Toronto aren’t really required anymore and the HVAC costs skyrocket, never mind all those 500 square foot hipster condos that surround them.
Hard to see those who remain in the cities in single family detached growing veggies in their backyards as most don’t even cook for themselves. The car sharing, pot smoking, skip the dishes, avocado toast types are unlikely to be inspired by such simple pleasures as ‘gardening’. Only if Gwyneth Paltrow says it’s ‘O.K.” and there are no night shade vegetables.
As for travel, if what happened after the twin towers is any indication restrictions are a given. Wonder what that looks like (?). Maybe not so many of the great unwashed on airplanes and other excursions because for sure the price is going way up unless you want to book a cruise. I see more class division coming. Kind of like the good old days where people actually dressed up to travel on an airplane instead of wearing their flipflops, musty hoodie, and yoga pants. Ugh. Exploring your own country might explode, so maybe a boost for RV dealerships as long as cheap fossil fuels are still available. (don’t get me started on that..).
In many ways it feels like the beginning of a new renaissance period emerging. Some things will fall away (die) for a variety of reasons, but anything worthy of survival will remain and new ideas and things will grow. Sensible, intelligent, well meaning people who help people with financial matters will be in demand, but the manipulative global elite might want to watch their back.
As an Albertan facing the apocalypse it will be interesting. No doubt this province will survive and prosper in time. It might be a little grim for a while, but we’ll employ the old ‘Rope a Dope’ tactic against those who aspire to hasten our demise, stick together in good times and bad as we have always done, and remain industrious and optimistic until the storm blows through like a chinook wind, with our dignity and pride still intact. ‘It is only with the heart that one can see rightly. What is essential in invisible to the eye.” – Antoine de Saint-Exupéry.

#83 mitzerboyakaQueencitykidd on 04.08.20 at 6:26 pm

Sure couldn’t hurt … no

https://www.wearethemighty.com/MIGHTY-SURVIVAL/whiskey-protect-against-covid-19

#84 Rico on 04.08.20 at 6:40 pm

…and there’s the problem.
#54 read up on asymptomatic spreaders. The only way we get out of this is if:

1. assume you don’t have it – wear a mash and stay home
2. assume you do have it – wear a mask and stay home

#85 M on 04.08.20 at 6:41 pm

Garth, what are the chances of a capital gains tax on principle residence sales?

#86 Stone on 04.08.20 at 6:42 pm

I listened to the Turner Investments Client Call you attached. Ryan discussed XRE and mentioned that it pays dividends. I don’t understand how he claims this when REITs don’t pay dividends. They mainly pay capital gains, return of capital and a small amount called Other Income (which I assume is interest income).

Can you show where the distribution breakout would be located for XRE to contradict my above point as there’s a big difference in taxation. I would not be holding XRE as my first choice in a non-registered account.

Thanks.

#87 Flop... on 04.08.20 at 6:58 pm

Flop’s Corona Virus Song Of The Day.

( Due to lack of flights leaving Vancouver, and just about everywhere)

Joan Armatrading

Drop The Pilot…

M45BC

https://m.youtube.com/watch?v=ifARMmcqhD8

#88 Stone on 04.08.20 at 6:59 pm

#67 Yukon Elvis on 04.08.20 at 5:45 pm
#53 Stone on 04.08.20 at 5:17 pm

On a brighter note, my balanced and diversified ETF portfolio is now at -7.86% YTD. I didn’t rebalance at the bottom but not that far off from it either. I’m feeling pretty good about it but who knows, -7.86% YTD might suck.
I’m curious where everybody else who has a balanced and diversified ETF portfolio is sitting at.
…………………….

I am down 15 ish percent. All stock tho, not balanced. Not worried at all.

———

For all equity, +/- 15% is pretty good. That’s far better than XGRO which is 80% equity.

#89 Lost...but not leased on 04.08.20 at 7:01 pm

PROOF of SCAM..right from MD’s mouth

Good expose by an MD…death certificates at best of times are “guesstimate”….now even worse with COVID 19 its all rigged to embellish numbers.

https://canadafreepress.com/article/montana-physician-dr.-annie-bukacek-discusses-how-covid-19-death-certificat

#90 Nonplused on 04.08.20 at 7:04 pm

My wife and I both have professional home offices already. She has 2 monitors, a touch screen lap top one of those desks that go up and down by pressing a button, VPN, all the stuff you would find in a cubicle. She is super busy but her employer is still asking everyone in the firm to cut hours. Since they are a consultancy, most of the consultants can’t work on site right now so revenues are way down.

I also have a fancy office (no up down desk though) but at present I have no clients.

So for us the biggest effect come March was that the kids are home from school.

Speaking of school it is not true that no teachers are being laid off. Only the teachers that are doing core courses on line are still working. The band teachers, phys-ed teachers, art teachers, shop teachers, etc. have all been laid off and thus I assume will be applying for EI. Oh well at least most of them will have a job to go back to eventually, I assume. Although not necessarily as my son has discovered he can complete a week’s worth of assignments in a day when schooling from home. I don’t think he’s going to want to go back.

So I think many of the possible changes Garth mentioned were in the pipe already. What is the point of spending all this money on transportation and office space (and schools and school buses) when practically everyone already has what they need for a home office? Why spend all this money on office appropriate clothing when you can work in a house coat or some lounge pants? Look at all the money you save when you don’t have to pay for lunch at the food court every day? Most everyone has a Keurig now so why go to Starbucks? $0.48 will get you a fine brew at home now, fresh every cup. Why go to a movie theater and sit beside people you don’t talk to when you can save the $50 and watch Netflix with someone you do talk to? If you know exactly which video game you want why drive to the store when Amazon will have it to you in a couple days? These changes were already in the works but this could be the tipping point where it goes mainstream.

You still have to go out to get your hair cut but if you are working from home why not go feral?

Safety tip: Zoom has become very popular but it isn’t very secure so make sure your computer has good antivirus software before using it. It has something to do with how it uses “mini-servers” to handle the traffic. I am sure fixes are coming but for now practice social computer distancing.

#91 The Mandrake Mechanism on 04.08.20 at 7:04 pm

“Reality is bad for business…what’s good for business is the fantasy”

We may as well call it the Project for the new Canadian Century. Think of it as a cleansing. It never was about a war on the middle east and terrorism, it was a war on the western tax paying citizen. If you want financial advice stop in at your local 12 step program meeting and learn about control.

These may be the days of destruction but not of revolt. So goodbye industrial society. For those corporations that are left, invest in the ones that buy back their own stock, pay themselves bonuses, and lay off workers. Here’s a new twist – Air Canada hiring back workers to collect better subsidies and have access to health insurance – but no actual work available. It’s our new bailout style of capitalism – one step forward three steps back.

I’d listen to the attached mp3 Garth but the last one had a lot of wordspeak. It’s hard to sound confident when you can’t predict the future. And when you speak of the markets betting on the future, you say a “V” recovery, and I say “W”. Go ahead and pay down your debt, then pay down the government debt, which is your debt anyways. It’s going to be a long way to the top if you want to rock n roll. I notice I rarely see Oprah’s dreaded “C” word in this blog – cash. Follow the money folks…invest in 5G, Amazon, Google, and any vaccine manufacturer Bill Gates wraps his arms around. That’s because the stock market doesn’t react to the now…it bets on the future….right?

I love this blog.

#92 Nonplused on 04.08.20 at 7:08 pm

#85 M on 04.08.20 at 6:41 pm
Garth, what are the chances of a capital gains tax on principle residence sales?

I can answer that for you: It would be pointless in the near term. There won’t be any capital gains for a while. That doesn’t mean governments won’t enact them, but they won’t be getting much revenue. To think otherwise would be to assume it isn’t different this time. I’d be more worried they will try and jack up property taxes.

#93 Faron on 04.08.20 at 7:10 pm

#73 not 1st on 04.08.20 at 6:02 pm

There are tons of stocks that could have been bottom fed…

————————————–

Ha, are you really trying to give advice to the guy(s) running a well-respected wealth management business? Ha!

#94 Capt. Serious on 04.08.20 at 7:10 pm

I think they’ll start easing back to normalcy earlier than people think. People tend to react too far on both sides. Early on people were not reacting enough. Now people are overreacting. Eventually we’ll realise with reasonable testing and some modified behaviour we can resume something like normal life.
This flu shall pass. (Don’t @ me, I know it’s not influenza.)

#95 crowdedelevatorfartz on 04.08.20 at 7:16 pm

@#85 M
“Garth, what are the chances of a capital gains tax on principle residence sales?’
++++

You’re asking a former Finance Minister.

Best direct that question to the current finance minister who’s home is in……. France……….

#96 Faron on 04.08.20 at 7:18 pm

#44 Kurt on 04.08.20 at 5:00 pm

“How does driving a car spread infection? Use your head and stop being afraid of dying from a virus which so far has infected 0.053% of the population. – Garth”

…The virus supposedly ran rampant in Italy and the infection rate there so far is 0.023% of the population… – Garth

———————————————————

Off by a factor of 10 for Italy. 2306 cases per million = 0.23% infected. Deaths are 0.029% of the pop. Just keeping the facts straight, not weighing in here.

30% to 70% infected would be years down the road if no vaccine is found and it becomes endemic. Not impossible, but the motivation to prevent this from happening as a global society are very large.

#97 Grunt on 04.08.20 at 7:18 pm

Retrofit UV light to elevators. Other common areas. Handshake only in gloves.

Hand Toronto’s Portland over to a private consortium for housing subdivisions & OLG casino and ferris wheel.

#98 Howard on 04.08.20 at 7:20 pm

#60 Sail away on 04.08.20 at 5:30 pm
#50 Dolce Vita on 04.08.20 at 5:13 pm

A bit rich coming from someone that gets lost in the flora & fauna or primordial Canada even has upholstery, let alone a compass (or nappies)

——————

Don’t know about the rest of you, but I take nappies every day when ‘working’ from home. A nappy in the morning after coffee and another nappy mid-afternoon.

I assume all home ‘workers’ are doing the same (except my wife who seems driven for some strange reason- glad it’s not rubbing off).

———————————–

Short naps post-lunch (30 minutes max) generally make people more productive in the afternoon. In the past three weeks working at home in sweatpants and a robe I’ve gotten far more done than I would have at the office.

#99 joblo on 04.08.20 at 7:22 pm

“The Alberta premier yesterday forecast 800,000 cases (or 20% of the population), oil worth less than zero and a deficit the NDP would be proud of.”

And …….Kenny said 25% unemployment.

Get outta Cowtown while u can, soon 2 b Kanada’s Detroit!

#100 devore on 04.08.20 at 7:22 pm

#17 Death

This is lunacy. What is essential? Non-essential business produce non-essential stuff. The problem is going to be that once the non-essential stuff runs out, it will suddenly become very essential. Once stuff runs out, you’re days away from mayhem in the streets. Businesses need to reopen, if they can do so safely. And they will. Not for economic reasons, but for political ones. Driving a car, running a shop or a small factory or a printer or whatever poses no risk to anyone, and in all but the most braindead cases can be done safely. The “if we did not do what we did things would have been much worse” excuse will only work so long as people believe the measures were, in retrospect, necessary. Look at the heat Trump is getting for not doing more earlier, same people who were screeching month ago that closing borders was racist, and imploring people to go to chinatown and hug a chinese person. If you do not guess correctly, and take coreect actions that will be judged on their correctness after the fact, there will be a heavy political price to pay.

#101 Smoking Man on 04.08.20 at 7:23 pm

56 Penny Henny on 04.08.20 at 5:24 pm
Try here.

https://dyslexicsmokingman.blogspot.com/

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

#217 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.
…….
Hey Penny.
My email: look forward to info.

[email protected]

#102 crowdedelevatorfartz on 04.08.20 at 7:24 pm

@#68 dave martin
“Why does Garth always have his head cocked to one side?
Pinched nerve?”

++++++

nah.
He’s just cant believe he heard you ask that question so he leans in to make sure he heard it correctly the first time..

#103 Steven Nicolle on 04.08.20 at 7:26 pm

Totally agree. This is a game changer.

#104 NOSTRADAMUS on 04.08.20 at 7:27 pm

Garth, I have been out of the loop for some time. However Now that I have some spare time as a result of the Coronavirus situation, I have recently once again taken to reading your daily blog. It would appear that you and a great number of your followers are not taking the pandemic that seriously. The thread that runs through, it’s no big deal. Perhaps you and your followers could arrange a bus ride up to Bobcaygeon, maybe drop in at the Pine Crest Nursing Home. As of today, 28 residents are deceased, with multiple staff diagnosed with Covid 19. Again, Covid 19 is no big deal , explain that to the families of the deceased along with the staff. Better still hop off the bus and lend a hand.

I have said that any death is tragic, and I have called for a blessing of the families sustaining these losses. As well I have encouraged common sense practices among us all to limit infection. Shutting down the economy did not save those folks, nor did it take their lives. Your comment is ad hominem and cheap. Please feel free to get lost again. – Garth

#105 Pandemic on 04.08.20 at 7:28 pm

#2 Deplorable Dude on 04.08.20 at 3:37 pm
BC hospitals currently 97% empty. What are they waiting for? We’ve been under soft lock down for 3 weeks. Ohh and they shut all provincial parks today. Any surge would have happened by now.

————————

That statement seems to be entirely uncollaborated. The hospitals are empty but that’s because they sent all the plastic surgeons home. Nobody forecasted that the surge would have happened by now. And it may be the case that the surge was delayed due to social distancing, which was the point.

People are treating this like the “2000” computer crisis. “See? It didn’t happen!” Well, that’s because 5 years and untold billions were spent making sure it didn’t happen. It was still a serious thing. But people who didn’t work on fixing the problem beforehand assume that because it got fixed in time it was just one big conspiracy to sell flashlights and batteries.

And they shut the parks down because the 50% of people who are below average IQ don’t seem to get it. No large gatherings and that includes hundreds of people passing on the trails and sharing outhouses. It really never made any sense to keep them open as long as they did. My sense is they didn’t want to lay off the staff.

#106 Felix on 04.08.20 at 7:28 pm

“Maybe a renaissance of the suburbs, with built-in social distancing, backyards for veggies (plus kids and canines), a shift from transit to personal EVs, no sticky elevator buttons and professional-grade home offices for remote employment.”

More canines? You must be kidding, Dear Blog Host and
Perplexing Pooch Promoter.

Dogs are a BIG part of the problem in cities right now.

Instead of letting them poop and walk in their own backyards, low IQ dog owners are taking them on the streets for needless walks, impinging on social distancing everywhere they go. About half of dog owners also have them on long leashes, increasing this problem. (*Check your local bylaws, dog owners. Most cities have limits of 2 metres for leash length, precisely to increase social safety. Yet half of you dog-worshipping doofus-es have illegal, extended leashes which make sharing streets and sidewalks dangerous for other humans even without a virus.

Not to mention the incredible degree of filth and bacteria in the fur and face of the average dog out there.

No way will they grow in popularity.

Cats will be highlighted as by far the best human companion and idol to worship as a result of COVOD-19

(*Since we’re in charge, that’s the new name we’ve given the virus. Stands for: Cats On Verge Of Dominance, fyi)

COVOD is the future, a wonderful world for all.

Meow ^–^
(* *)

#107 BrianT on 04.08.20 at 7:30 pm

#84Rico-“We” are not getting out of this-because of people just like yourself a small % of the population has won big time with this Plandemic and the majority has already lost-even if like yourself they haven’t woken up yet.

#108 People Panic on 04.08.20 at 7:34 pm

Garth on #21 Attrition on 04.08.20 at 4:07 pm

My reading tells me not much about post-virus life is normal in Wuhan. – Garth

Indeed, as does mine. Indeed many people are using the lifting of restrictions to flee the city. What could that mean for the rural areas? My guess is we will never know because things are pretty backwards there.

#109 Drill Baby Drill on 04.08.20 at 7:35 pm

Who is the old geezer in the photo with the yellow tie?

#110 Orange Man....Orange on 04.08.20 at 7:41 pm

I chuckle at people who claim that “TrumpPills” are unproven. I’m quite certain that the ones that demand “proof” have no clue about statistics and what goes into “proving” something statistically. There are many different statistical “tests” to mathematically establish the strength of various postulations. Some were very useful, others less so.

The most powerful “test”, our stats prof taught us, was termed the “Intra-Ocular Impact Test”. It meant that if something hit you between the eyes don’t bother doing any more statistical analysis.

WRT to “TrumpPills”, people who are very sick or dying tend get well quickly.

If that doesn’t hit you between the eyes then trying to weasel your way out by demanding statistcal “proof” only means you have another agenda and it ain’t saving lives.

#111 espressobob on 04.08.20 at 7:45 pm

The podcast rocked, thanks TI dudes.

Just hope the market not only retests the bottom but takes another leg down. What do you expect from a contrarian?

Must pay more attention to REITs.

#112 Doug t on 04.08.20 at 7:47 pm

There is SO much wrong with the way this is all playing out – WHY are countries/governments around the planet taking these HUGE measures when the #’s just don’t justify it. Why is the stock market behaving in such extremes as well? Do people subconsciously WANT to be controlled even more than they already have been? It is a very interesting time to be living for sure – but once the dust settles we are definitely going to be living(?) in a new world and not for the better sadly – it almost seems that a majority of Canada’s population is so apathetic that they will allow almost anything taken from them and just roll over – what are we heading towards?

#113 Felix on 04.08.20 at 7:49 pm

“Maybe a renaissance of the suburbs, with built-in social distancing, backyards for veggies (plus kids and canines), a shift from transit to personal EVs, no sticky elevator buttons and professional-grade home offices for remote employment.”

More canines? You must be kidding, Dear Blog Host and
Perplexing Pooch Promoter.

Dogs are a BIG part of the problem in cities right now.

Instead of letting them poop and walk in their own backyards, low IQ dog owners are taking them on the streets for needless walks, impinging on social distancing everywhere they go. About half of dog owners also have them on long leashes, increasing this problem. (*Check your local bylaws, dog owners. Most cities have limits of 2 metres for leash length, precisely to increase social safety. Yet half of you dog-worshipping doofus-es have illegal, extended leashes which make sharing streets and sidewalks dangerous for other humans even without a virus.

Not to mention the incredible degree of filth and bacteria in the fur and face of the average dog out there.

No way will they grow in popularity.

Cats will be highlighted as by far the best human companion and idol to worship as a result of COVOD-19

(*Since we’re in charge, that’s the new name we’ve given the virus. Stands for: Cats On Verge Of Dominance, fyi)

COVOD is the future, a wonderful world for all.

Meow!

^–^
(* *)

#114 jess on 04.08.20 at 7:56 pm

older mainframes

Older Programmers Are Suddenly in High Demand
NJ urgently needs volunteers who know COBOL
States Urgently Need People Who Know a Half Century-Old Computer Language to Process Unemployment Claims
https://www.theepochtimes.com/states-urgently-need-people-who-know-a-half-century-old-computer-language-to-process-unemployment-claims_3304035.html

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

=
Florida’s online system has been functioning so poorly that the state director of unemployment announced last week that his office will start issuing paper applications for jobless workers to mail in.

. A Department of Labor report from February named New York among six states whose unemployment systems don’t have enough money in their reserves to handle a normal recession. And, so far, the federal government hasn’t taken steps to bail out cash-strapped state and local governments, which means that big states like New York and California are at risk of quickly burning through their unemployment insurance funds. read more @
https://fivethirtyeight.com/features/americas-social-safety-net-wasnt-ready-for-the-coronavirus-crisis/

#115 Spectacle on 04.08.20 at 7:57 pm

48 Speaking Of Stats on 04.08.20 at 5:10 pm
We’ve shut down the economy based on stats. Take a few minutes to watch this …
https://www.youtube.com/watch?v=39S1kf2Jgrc

———– ( WoW ) ————-
Sir Turner, a sincere thanks for everything you do for us dogs ! Many of us deserve a smack on the nose daily. Thanks for banning “those of us”, for making rude and unrequired comments about your generosity and gifts to your family. Banning is too good.

Thank you for allowing perspective, and comments like ” murder of our economy”.

Lastly, a sincere Thanks to Your beautiful spouse, for allowing you to blog for us. Many of us quietly appreciate your effort as a Politician, Canadaian, and writing for us daily.

Peace and love to you and your family. M

#116 YouKnowWho on 04.08.20 at 8:00 pm

Ta da da da da da da da
Ta da da da da da da da

Bat….man?

Glad it’s finally not too soon for bat-jokes.

Where do bats keep their money?
In the blood bank.

Anyone have other bat jokes?

#117 Lee on 04.08.20 at 8:03 pm

For those who keep saying that the Canadian banks are teetering remember that most of their mortgages are fully backed by CMHC insurance that is fully funded. In fact the Canadian government has agreed to buy up to 150 Billion dollars worth of insured mortgages from the banks, 20 Billion of which has already been paid. The homeowner still owes the money but the bank is given liquidity for its assets (residential mortgages) and ultimately suffers any shortfall if the house sells for less than the mortgage. I think BNS has a total net value of only 60 Billion or so. You’ll do fine in the big banks whether as a stock holder or deposited. If even one big Canadian bank goes down though, I’m moving to Costa Rica. I hear the surfing is grand.

#118 JPeas on 04.08.20 at 8:03 pm

Smoking man. I cannot find any way to give you this info but through here..sry Garth.

Later tonight when I am home I will post some li ks that you may find will get you excellent information to get your chances of getting this back in control.

All resources are free but there is a book as well ..

Anyway there is no other way but through this. Message about 1130 pm PST

#119 Bytor the Snow Dog on 04.08.20 at 8:06 pm

Trudeau is living on Fantasy Island. This situation will not last past April 30th. After that there will massive disobedience.

Let’s see the cops and the military deal with everyone saying “no, we’re not taking this garbage anymore”. Let’s see how far gov’ts are willing to push this nonsense.

#120 Captain Uppa on 04.08.20 at 8:07 pm

I am not one to want to see good people lose their jobs. The ramifications are sad to say the least.

But…

I despise cruise liners and the industry as a whole. Giant mega gas suckers that cram a ton of people who all just want to gorge non-stop. I hope that industry dies.

#121 NoName on 04.08.20 at 8:12 pm

Steerage section assemble! GOOD NEWS from germany, and they are better anyone expected.

… Dr. Juergen Rissland, a lead doctor at the Institute for Virology at Saarland University Hospital in Germany, went on the record to say: drinking whiskey can protect against COVID-19.

And that is definitely one report we can all get behind.

While appearing on “The Morning Show,” Dr. Rissland was asked about whether or not drinking alcohol could kill any viruses a person may have ingested. “Yes, of course, that’s true,” Dr. Rissland responded. “And the higher the percentage of alcohol, the better it is. For example, if you are a whisky lover, then that certainly isn’t a bad idea,” he continued, while offering this bit of sage advice to pace yourself: “But of course you need to bear in mind that you can’t do that every 15 minutes, that is something else to consider.”

https://www.wearethemighty.com/MIGHTY-SURVIVAL/whiskey-protect-against-covid-19

#122 crossbordershopper on 04.08.20 at 8:13 pm

I got a heloc approved today, never had one before, im happy.
and I signed up for the 2 grand, I haven’t gotten it yet, but ill be happy more when it shows up.
Trudeau is handing money out like there is no tomorrow. this is great. i got to look for other covid money people are giving out.
do the same call 18009592019 press one for English and bla bla bla put in your money verify your address and bango money coming.
surely a million people will be signing up for this it was way too easy isn’t everyone in Canada always unemployed. like 30% of people i call never really had a real job people, bouncing around, gig stuff, ei here and there, well that’s all the people i ever knew anyway,
i was always jealous of people who had a job, like a job, you go to the same place every day and you know you get paid every two weeks and this goes on for 25 years and you get some flu going around and your world ends.
wow, they have no idea what most of us go through every day of our lives.

#123 3600% return..... on 04.08.20 at 8:14 pm

A nice tidy profit ….not even a black swan… but rather a predictable one…..

https://www.bloombergquint.com/business/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march#!/homepage

#124 crowdedelevatorfartz on 04.08.20 at 8:15 pm

@#100 Pandemic Porn
“People are treating this like the “2000” computer crisis. “See? It didn’t happen!” Well, that’s because 5 years and untold billions were spent making sure it didn’t happen.”

++++

Spare me.
Our company spent 10,000’s of thousands upgrading our computers for Y2K.
I grabbed a few of the old, untouched, unmodified computers and let them tick over into the New Year……..they ran fine.
But hey!
Microsoft and all the geeks made billions.

My personal view.
The politicians are covering their asses in case this thing went “50% mortality” scale.
0.05% mortality ? aint such a big deal or worth wrecking billions of peoples lives…….. unless you’re 80, obese, and obnoxious ( like me).
The economy be damned.
They wont lose their jobs, or their pensions.

#125 fishman on 04.08.20 at 8:15 pm

Another couple of blocks of plywood up. This time between Hastings & the rink. Moving down from Robson to the war zone. Homey’s backyard. My guess a fellow with an anger problem & a steel pipe had his cash turned down & didn’t have plastic. No plastic, no coffee, no cheeseburger, no chips, no way. Getting a little testy are we? On the mean streets of the Big Smoke.

#126 TrendIsYourFriend on 04.08.20 at 8:20 pm

Listened to the call
Yep, agree with Ryan, VIX and breadth still some work to do, market needs to prove it can hold here.

#127 Diagnostics Dude on 04.08.20 at 8:25 pm

Just saw a Rebel News Report about a new and simple and easy to use rapid point of care test now approved by FDA.   These guys can be a little off the wall so I checked the FDA website . It’s been approved allright.It’s a test that takes minutes and can be done just about anywhere and requires no specialized testing hardware. Let’s hope Health Canada doesn’t take the usual 3-6 months to get the approval done.

Rebel News Link https://www.rebelnews.com/david_takes_a_coronavirus_test?utm_campaign=dm_covid_19_test&utm_medium=email&utm_source=therebel
FDA Letter here https://www.fda.gov/media/136622/download
Product Download Here https://www.fda.gov/media/136625/download
It’s a lateral flow assay and the basic methodology has been around for years .

#128 not 1st on 04.08.20 at 8:30 pm

#119 Bytor the Snow Dog on 04.08.20 at 8:06 pm
Let’s see how far gov’ts are willing to push this nonsense.

—–

People did their patriotic duty for 3 weeks and will rough it for another couple, but I see push back already. More traffic coming back on the roads, people just going for a drive to get out. Weather still sketchy but soon as it turns nice last week in April or so, they will need the army to keep people in.

But Trudeau might just stay indoors forever.

#129 ImGonnaBeSick on 04.08.20 at 8:33 pm

119 Bytor the Snow Dog on 04.08.20 at 8:06 pm
Trudeau is living on Fantasy Island. This situation will not last past April 30th. After that there will massive disobedience.

Let’s see the cops and the military deal with everyone saying “no, we’re not taking this garbage anymore”. Let’s see how far gov’ts are willing to push this nonsense

——

I agree, everyone will have covid-19 fatigue by then even the die hards (relax MF, no pun intended)… But that’s likely why the military is filling Camp Borden as we speak.

https://www.google.com/amp/s/globalnews.ca/news/6780532/coronavirus-troops-cfb-borden/amp/

#130 Western Diversification on 04.08.20 at 8:35 pm

Just watched Dawna Freisen on Global ask about what Alberta can do to get it’s economy moving. The reporter she questioned stated that the NDP and Greens are demanding that Alberta “diversify” it’s economy rather than produce oil.

That view is epic in it’s ignorance. In terms of the whole of Canada, a vibrant oil economy in Alberta contributes to a diversified, powerful and shockproofed economy that benefits all of Canada and all Canadians.

Only if you take a hateful, jealous, myopic, divisive, xenophobic, intolerant and anti-STEM view does it make any sense to demand Alberta diversify economy in the politically correct manner that the NDP and Greens demand.

If you believe Garth’s constant harping about the benefits of a diversifying across your entire portfolio, then you immediately understand the need for a diversified economy in ALL of Canada. And oil is a critical part of that investment mix.

If you don’t get that, then the Greens and NDP have a strategy for you. And your living it now. How’s it working out for you?

#131 45north on 04.08.20 at 8:35 pm

This could herald an exodus from cities.

I live in Ottawa. I thought that a nice cottage in Quebec could be a refuge from the city. No more.

Maybe a renaissance of the suburbs, with built-in social distancing, backyards for veggies (plus kids and canines)

you mean where my sister lives? – north of Toronto, totally dependent on Highway 400 with poor internet?

Maybe cocooning and small-town life will be embraced

I don’t see much advantage or much disadvantage of living in Lunenburg NS. But it’s early days.

maybe more folks will prepare for the next pandemic by paying down debt and beefing up assets. How much will we take away from the current mess, and use it to change our lives?

some of the unprepared will be more prepared. This crisis is going to have a permanent and lasting impact on all aspects of our lives.

#132 Treasure Island CEO - 811.98 Troy Ounces within Bicycle Distance on 04.08.20 at 8:37 pm

This virus has exposed everything wrong with the current eco-system.

A non-exhaustive list:

1. Where the dirty money flows globally.
2. Where people travel by the numbers.
3. Who we get our supplies from and how idiodic we are think in times of war, like now, how we will have any supply like PPE.
4. Condensed living hot zones – re: where the majority of cases are.
5. Condensed immigration hot zones are – re: where the majority of cases were imported in the beginning.
6. How many Temporary Foreign Workers TFWs we rely on in Canada and where they are concetrated – re: Bylands Nursery in West Kelowna where 75 total workers involved in the outbreak, with 63 of them being temporary foreign workers and another 12 being local employees.

Let’s face it: all done for the greater good of profit. Zero though involved in the long term consequences of societies and standards of living. Canada CEOs sold out just like the US with short term decision making to satisfy shareholders and executive income.

It is time to admit that globalization, open skies, immigration, TFWs, fake money printing, dirty money fueled by the drug trade is an utter failure.

Time to start innovating locally, employing locals and enjoying our own resources. Or trade it all away and be crushed by a new rising empire who will keep us in 3rd world status…aka debt slaves and the majority of people unable to afford basic necessities like housing. We are pretty much already there.

Take a stand, learn about who you do business with and chose local. We don’t need foreign garbage – time to start innovating locally and push the best technology on the planet right here at home.

#133 BS on 04.08.20 at 8:37 pm

#120 Captain Uppa on 04.08.20 at 8:07 pm
I am not one to want to see good people lose their jobs. The ramifications are sad to say the least.

But…

I despise cruise liners and the industry as a whole. Giant mega gas suckers that cram a ton of people who all just want to gorge non-stop. I hope that industry dies.

The cruise industry may not start until there is a vaccine which could be a year or more. The CDC now mandates the cruise lines are responsible for treating all ill or infected patients, including those who need hospitalization. The cruise line is responsible to transport all passengers who get infected by private transfer or charter plane at the cruise lines expense. Imagine the potential cost of that.

https://www.cdc.gov/coronavirus/2019-ncov/travelers/cruise-ship/what-cdc-is-doing.html

#134 Sold Out on 04.08.20 at 8:45 pm

#111 Orange Man….Orange on 04.08.20 at 7:41 pm
I chuckle at people who claim that “TrumpPills” are unproven. I’m quite certain that the ones that demand “proof” have no clue about statistics and what goes into “proving” something statistically. There are many different statistical “tests” to mathematically establish the strength of various postulations. Some were very useful, others less so.

The most powerful “test”, our stats prof taught us, was termed the “Intra-Ocular Impact Test”. It meant that if something hit you between the eyes don’t bother doing any more statistical analysis.

WRT to “TrumpPills”, people who are very sick or dying tend get well quickly.

If that doesn’t hit you between the eyes then trying to weasel your way out by demanding statistcal “proof” only means you have another agenda and it ain’t saving lives.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

I’d normally suggest that you return to your alma mater and demand a refund, but Trump U alumni are SOL.

#135 Barb on 04.08.20 at 8:49 pm

Encouraging is the potential exit to the burbs. Our 15 acres–on which our small recreation business is shuttered–is for sale. It appears we’ll have time to enjoy finishing planting the garden and having a few swims in the pool this year.

After reading Garth’s comments, I doubt we’d move into the city though…we’d miss the space and freedom. So it may be good that the property hasn’t sold.

RBC phoned, flogging their investment department.
We declined but it’s nice to know there’s a gold star beside our names.

Tomorrow the grandson is here again. We’ll hike up the hill with our snacks, and collect little quartz stones that can be viewed under his microscope.

Can we please call the pandemic Mr. Virus?
Oh, and Mrs. Market?

#136 robert james on 04.08.20 at 9:02 pm

#100 joblo on 04.08.20 at 7:22 pm ..For those getting out of cow town it might be an idea to head East.. Judging by this poll it would seem that the BC folks do not want you… https://www.castanet.net/edition/news-story–11-.htm

#137 Sydneysider on 04.08.20 at 9:02 pm

#64 Dolce Vita

“Trust in Mother Nature and her ways, red tooth and claw. Trust in Math. And people like Imperial College that have been at it for decades”

The unholy alliance between Imperial College and hospitals is very recent, and was driven purely by cash considerations. Ditto for Imperial’s embrace of business and management.

Medics don’t study maths, as everybody knows, and fear physics.

So what was Hammersmith Hospital, now part of IC, really doing for research decades ago? Why, Nazi-type experiments on human guinea pigs, until exposed by Pappworth.

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

#138 neo on 04.08.20 at 9:05 pm

#105 NOSTRADAMUS on 04.08.20 at 7:27 pm
Garth, I have been out of the loop for some time. However Now that I have some spare time as a result of the Coronavirus situation, I have recently once again taken to reading your daily blog. It would appear that you and a great number of your followers are not taking the pandemic that seriously. The thread that runs through, it’s no big deal. Perhaps you and your followers could arrange a bus ride up to Bobcaygeon, maybe drop in at the Pine Crest Nursing Home. As of today, 28 residents are deceased, with multiple staff diagnosed with Covid 19. Again, Covid 19 is no big deal , explain that to the families of the deceased along with the staff. Better still hop off the bus and lend a hand.

I have said that any death is tragic, and I have called for a blessing of the families sustaining these losses. As well I have encouraged common sense practices among us all to limit infection. Shutting down the economy did not save those folks, nor did it take their lives. Your comment is ad hominem and cheap. Please feel free to get lost again. – Garth

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

Dude. Get off your soapbox. I agree with Garth here.

In Ontario we had 153 deaths.

52 were 60-79 year olds.
92 were 80+ year olds.

That means 9 were under 60 and of those 9 most had pre conditions.

The reaction to this virus is by far outsizing the virus itself. Any rational person not consumed with fear can see this. Shutting down the entire economy isn’t protecting retiree’s and people in retirement homes. It just isn’t. The rest of us will be okay. There is no evidence to the contrary.

#139 Blacksheep on 04.08.20 at 9:06 pm

Nost # 115,

“Pine Crest Nursing Home. As of today, 28 residents are deceased”
—————————-
Have you seen the sorry souls in these ‘care homes’?

My wife has a hair salon in a home in the lower mainland.

Four, yes four has been the most that have passed in a five day period (she works two days a week) pre-pandemic of course.

I have been in there a few times over the years and let me tell you, it is a scary place. Drooling, glazed over eyes, shitty diapers, screaming dementia patients, just waiting to move on. I don’t know how my wife does it, she just has empathy out the wazoo and gives anybody she comes into contact with a little dignity when all seems lost to them.

Unfortunately, the monetary value per month placed on every breathing customer in the corporate home, combined with the misplaced guilt of the adult children, has many of these poor people merely existing many years longer than they would have liked to, given some self awareness and control.

Based on what my wife has seen, 95% of these care home victims (the inmates) would be gone in mere months anyway, regardless of Covid-19.

Remember, people tell their hairdressers everything, especially very very old people that are rarely visited by their families, just waiting to get it all over with….

#140 Stone on 04.08.20 at 9:07 pm

#129 Western Diversification on 04.08.20 at 8:35 pm
Just watched Dawna Freisen on Global ask about what Alberta can do to get it’s economy moving. The reporter she questioned stated that the NDP and Greens are demanding that Alberta “diversify” it’s economy rather than produce oil.

That view is epic in it’s ignorance. In terms of the whole of Canada, a vibrant oil economy in Alberta contributes to a diversified, powerful and shockproofed economy that benefits all of Canada and all Canadians.

Only if you take a hateful, jealous, myopic, divisive, xenophobic, intolerant and anti-STEM view does it make any sense to demand Alberta diversify economy in the politically correct manner that the NDP and Greens demand.

If you believe Garth’s constant harping about the benefits of a diversifying across your entire portfolio, then you immediately understand the need for a diversified economy in ALL of Canada. And oil is a critical part of that investment mix.

If you don’t get that, then the Greens and NDP have a strategy for you. And your living it now. How’s it working out for you?

———

Saying that Alberta should diversify its economy from oil makes you a hateful, jealous, myopic, divisive, xenophobic, intolerant and anti-STEM is a new one for me.

Are you sniffing glue, or more appropriately, gas?

#141 Orange Man....Orange on 04.08.20 at 9:07 pm

#134 Sold Out on 04.08.20 at 8:45 pm
The most powerful “test”, our stats prof taught us, was termed the “Intra-Ocular Impact Test”. It meant that if something hit you between the eyes don’t bother doing any more statistical analysis.

WRT to “TrumpPills”, people who are very sick or dying tend get well quickly.

If that doesn’t hit you between the eyes then trying to weasel your way out by demanding statistcal “proof” only means you have another agenda and it ain’t saving lives.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

I’d normally suggest that you return to your alma mater and demand a refund, but Trump U alumni are SOL.

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

I see that you’re unable to find fault with what I said and stooped to a personal attack. Instant win for the Orange Man.

Thanks for comin’ out.

#142 PastThePeak on 04.08.20 at 9:08 pm

The S&P 500 is right back to where it was for much of 2019 (give or take), before the Fed repo madness in September led to a huge multiple expansion rally. So way back – like 9 months ago, the S&P was factoring in mostly business as usual, no recession, modest expansion, etc.

What could possibly justify such a level now? Forget the doomsday scenarios – even the optimistic scenario has a severe depression for a quarter (that is baked in), followed by recessionary conditions through most of remainder of the year, with recovery in (maybe) Q4 or 2021.

Sure, markets will (try) to be forward looking, but even 6 months out things won’t be good economically or for corp profits. So are markets now saying discount out 18-24 months?

Markets have been disconnected from reality for awhile, and it is getting worse. They only trade on CB & gov’t “stimulus” now.

#143 Stan Brooks on 04.08.20 at 9:13 pm

Stock market recovery is normal. Expect the real inflation to double or triple in the next few years due to this extraordinary money printing/QE/handouts.
First slowdown in inflation and then re-acceleration.
Where to put you money? In bonds with negative real yields (did you see the clowns at BoC who now buy all sorts of debt?) and the big inflation in necessities?
The stock market seems the only place to go to.

This is just accelerating by a decade the ‘normal’ process of more taxes, less money in the pocket and much higher prices of necessities, all at the same time.

Combined with record indebtedness and permanently high unemployment. This crisis is just exposing the fundamental flaws of our debt-driven ‘economy’.

The things are not going back to normal.
The housing market in the big cities is doomed.
Majority will never ever retire with the any lifestyle.
The young graduating with debt will hardly have a job, good paying jobs are long gone, the downward pressure on wages as people compete literally for bread will be absolutely horrific. ‘High standard’ of living will translate to high prices and very low quality of life.

Back to the land, folks.

Places with real economy like Europe and US, Korea, Japan, will recover quicker.

At least the environment will be cleaner, are those carbon taxes reverted yet?

Cheers,

#144 kc on 04.08.20 at 9:16 pm

#113 Doug t on 04.08.20 at 7:47 pm

There is SO much wrong with the way this is all playing out – WHY are countries/governments around the planet taking these HUGE measures when the #’s just don’t justify it. Why is the stock market behaving in such extremes as well? Do people subconsciously WANT to be controlled even more than they already have been? It is a very interesting time to be living for sure – but once the dust settles we are definitely going to be living(?) in a new world and not for the better sadly – it almost seems that a majority of Canada’s population is so apathetic that they will allow almost anything taken from them and just roll over – what are we heading towards?

xxxxxxxxxxxxxx

We are headed towards Canada becoming 100% a socialist state and all us poor suckers 100% dependent on the “big Brother” to save our sorry asses.

we allow the minor stuff in a crises then they own us as they say “we are here to help you” after they decimate our way of living.

take your $2000.00 a month and be happy we give you that.

I hope they return our freedom (or little we had) back and allow all people to freely travel and have meaningful jobs again. The pent up frustrations already felt are not subsiding from people i talk to.

Long weekend coming and every park is closed. talk of restricted road traffic out of the city? are you serious?

cheers

#145 Terry on 04.08.20 at 9:17 pm

Again…………..this was a HUGE mistake. A monumental blunder. Political and media lies. We are letting this virus, politicians and the media upend our lives completely. We can stop them if we really wanted to. I wonder if anybody really understands what “Revolution” means? I wonder if we as Canadians could actually stand together and tell our Governments ENOUGH!……….and actually do something about it! It’s time to end the unconstitutional lock downs, open up our businesses and get back to work! I wonder if we can collectively start up our economies again ON OUR OWN……….without the Governments permission? We the people?????…….in Canada???? What a defining, binding, strengthening shared identity moment in history that would be! Imagine………Canadians coming together collectively for the common economic good and actually succeeding in restarting our country on our own! WOW! That would be exciting!

#146 Lost...but not leased on 04.08.20 at 9:25 pm

#92 The Mandrake Mechanism on 04.08.20 at 7:04 pm

Here’s a new twist – Air Canada hiring back workers to collect better subsidies and have access to health insurance – but no actual work available. It’s our new bailout style of capitalism – one step forward three steps back.

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

Agree…what’s up with that?

YVR is near death….there is next to no demand for airlines…so what scam is Air Canada pulling?

I read 16,000 employees will benefit..but then what? Stay at home?

Lord knows they have been major beneficiary of Gov’t largesse in the past.

#147 crowdedelevatorfartz on 04.08.20 at 9:30 pm

@#111 Orange man- Orange

It never ceases to amaze me that Trump never drank alcohol….his skin looks like his liver shut down years ago….

#148 Out Of Work CEO, Will Travel on 04.08.20 at 9:34 pm

The war against the Corona Virus will have to morph quickly into the war to save our Canadian economy. It is cruel and ironic to behold Canadian Public Policy with our vested interests above the administrators and CEO’s in our time of need and any time in the last decades since being made a public and tax funded system.

#149 astronaft911 on 04.08.20 at 9:41 pm

Your comment is ad hominem and cheap. Please feel free to get lost again. – Garth

Bravo Garth.

#150 Dee on 04.08.20 at 9:44 pm

Garth I want to LIVE and this isn’t living. I lived through the flu in the 60’s, SARS, MERS, H1N1 etc etc and so did most people. Viruses can kill people but so can a million other things. The govt wants us to believe that we must to stay inside or we’ll die. The reality is, If we stay inside long enough we all really WILL die. Pretty sad when a “minority” govt can destroy our entire way of life by selling FEAR.

#151 Joe Quinn Phoenix on 04.08.20 at 9:45 pm

“A new poll shows terrorist media and government have now convinced almost two-thirds of the population they’ll be infected…. People are being arrested for walking through parks.”

Mr Turner, thanks again for your clarity in bringing these absurdities to light.

#152 Cats are spreaders!! on 04.08.20 at 9:46 pm

Dogs are our friends…

https://montrealgazette.com/pmn/environment-pmn/cats-can-catch-coronavirus-study-finds-prompting-who-investigation-2/wcm/fd665df1-e648-4c41-80c9-ef42d5c98406/

#153 JPeas on 04.08.20 at 9:53 pm

Hi Smoking Man

Got it thank you,

I will email the info and links once i get home later. There is some absoltely fantastic info in the links I will send. It does require some life changes. It is informative and if addressed with a solid plan, it will without doubt help you.

Cheers,
JPeas

#154 Jay on 04.08.20 at 9:57 pm

How is that China escaped with 80,000 cases and 3000 deaths, yet Canada is supposedly going to see millions of cases and many more deaths. The actual numbers do not match the scale of our self inflicted economic suicide. Yet everyone is too scared to question anything that’s fed to us, including spending on anything and everything to save a bunch of seniors from checking out a few months earlier. We are being played and are eating it up like the little lemmings we are.

#155 Blog Bunny on 04.08.20 at 9:59 pm

It is funny how easily people are cowed into submission by the government. This is one huge experiment playing with our personal freedoms and we follow the orders like a bunch of dumb sheep. If this goes on for too long, it will be time to become a closet democrat: OBSTRUCT & RESIST!

Bunny, who is walking every day in the park.

#156 robert james on 04.08.20 at 10:03 pm

DELETED

#157 Orange Man....Orange on 04.08.20 at 10:09 pm

#148 crowdedelevatorfartz on 04.08.20 at 9:30 pm
@#111 Orange man- Orange

It never ceases to amaze me that Trump never drank alcohol….his skin looks like his liver shut down years ago….

____________________________________

I agree. I’m thinking that it’s tan-in-a bottle that he’s been imbibing in.

#158 Canuck on 04.08.20 at 10:09 pm

Kenny continues to show conservatives in Alberta why they made a huge mistake in giving him power, by telling Albertans that oil prices will likely end up in negative numbers.

If the fake corona numbers that include people who died with COVID-19 instead of died from COVID-19 stop spiking in the next 7 days, Trump will open America to business at month end. Don’t forget to grab some popcorn and watch the fireworks as citizens of other countries pressure their government to do the same.

Good times…

#159 Keyboard Smasher on 04.08.20 at 10:10 pm

Who else going long on oil tomorrow in anticipation of the OPEC+ negotiations?

Got a few thousand units of UCO with some stop limit protection if things go south..

#160 Deplorable dude on 04.08.20 at 10:10 pm

Aaannnd another stunning drop in the official US IHME prediction model for the pandemic. Down to 60,000 deaths now with national peak this Saturday…..so a normal flu season then.

Their model was so far off as to be useless.

#161 Sold Out on 04.08.20 at 10:13 pm

#142 Orange Man….Orange on 04.08.20 at 9:07 pm

I’d normally suggest that you return to your alma mater and demand a refund, but Trump U alumni are SOL.

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

I see that you’re unable to find fault with what I said and stooped to a personal attack. Instant win for the Orange Man.

Thanks for comin’ out.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Actually, if your 4 year certificate at Trump U had imparted the skills necessary to decipher the English language, you would have recognized that my slight was against the value of the education provided to you.

But if you are so eager to take personal umbrage, I’m happy to question your intelligence, motives, and just how closely your parents were related.

#162 IHCTD9 on 04.08.20 at 10:20 pm

This could herald an exodus from cities. Maybe a renaissance of the suburbs, with built-in social distancing, backyards for veggies (plus kids and canines), a shift from transit to personal EVs, no sticky elevator buttons and professional-grade home offices for remote employment.
———

I agree, this virus freak out has installed real fear in some people. You can bet some thinking patterns have changed, and reassessments are under way. No one feared living amongst hundreds of other folks all jammed into a condo tower 3 months ago, but there is now a new reality for a portion of society to digest.

Urban life was already getting worse instead of better for many folks before this virus mania came along. If you don’t fear the virus itself, you likely do fear the financial fallout our leadership has created. Especially if you are in the midst of one of those 7 figure GTA/YVR mortgages.

Sure as heck going to be a brand new and sizeable chunk of urban peeps asking themselves if they are ever going to win, and at what cost.

The GFC spawned brand new movements like preppers, homesteaders, FIRE, tiny house and van dwellers. They all wanted out of debt, and off the hamster wheel. CV-19 mania came along and backed all these folks up. IMHO, we are now going to see additional numbers added to these lifestyles, and a general reinforcement of their ideology.

Stats indicate increasing numbers of veteran big city residents were already on the move to smaller cities well before CV ever showed up. Same thing has been going on in some big US cities for years now. CV won’t be turning this trend around one bit.

CV is also force-dipping damn near everyone’s toes into the remote work waters. Some will undoubtedly like it, maybe dream of escaping the rat race to a quiet small town while still making good $. Some employers may think this ain’t so bad and start exploring the possibilities and what the upside might be. I think CV could give working remotely a big push.

Will be interesting to see what transpires over the next few years.

#163 WUL on 04.08.20 at 10:28 pm

#72 Reality is stark on 04.08.20 at 5:53 pm

I’ve been of the opinion for a long time that trading with China is immoral. Morality and money are strangers, however.

Canadians sit around kvetching about Eastern Canada importing Saudi oil (and we import only a tiny amount from KSA) because of its human rights record.

Meanwhile, their houses are filled with items made in China.

Hippo-Krits.

WUL

M64SelfIsolatedAmidstEthicalOil(HAH!)InTheMac

#164 Coho on 04.08.20 at 10:31 pm

Great post until the curve ball at the end – “All thanks to a bat”.

So…a bat has pooched us. Who’s to say it won’t be a rabbit next time. Or a squirrel. Maybe the next pandemic will come from a fruit, perhaps an apple. If that’s the case, then what’s the point of it all when out of nowhere our wealth and liberty can be snapped back to basically zero?

Come on, people–there’s something else going on her. Is nature really the culprit causing the new “un-normal”? Maybe it’s the problem of evil and those engaged in evil doings that have had their dirty little hands in this.

Something has been initiated by a devious intelligence far above ours which has us bamboozled. I’d wager the truth of things is far and away much more complicated from what is being reported. It’s like the blind is leading the blind.

#165 binky barnes on 04.08.20 at 10:40 pm

How is that China escaped with 80,000 cases and 3000 deaths, yet Canada is supposedly going to see millions of cases and many more deaths. The actual numbers do not match the scale of our self inflicted economic suicide. Yet everyone is too scared to question anything that’s fed to us, including spending on anything and everything to save a bunch of seniors from checking out a few months earlier. We are being played and are eating it up like the little lemmings we are.

________________________________

Because Canada is the biggest “sissy” country on this planet. And it is led by the biggest sissy of them all. My kingdom for a real leader.

#166 Lost...but not leased on 04.08.20 at 10:45 pm

Pretty clear the agenda is to tank the economy….and concurrently increase Big Brother power. It’s hard to beleive whats coming out of the mouths of our “leaders”…seem to have a competition on who can bring the biggest hammer down on our rights and freedoms.

Premier Horgan let it slip people best comply or else their cell phones will be used to track them…talk about Orwellian.

They worry about flattening one curve…over some bogus virus….and creating another …….but fail to mention POVERTY has an even more dramatic and certifiable impact on ones physical and mental health.

#167 PastThePeak on 04.08.20 at 10:56 pm

#86 Stone on 04.08.20 at 6:42 pm
I listened to the Turner Investments Client Call you attached. Ryan discussed XRE and mentioned that it pays dividends. I don’t understand how he claims this when REITs don’t pay dividends. They mainly pay capital gains, return of capital and a small amount called Other Income (which I assume is interest income).

Can you show where the distribution breakout would be located for XRE to contradict my above point as there’s a big difference in taxation. I would not be holding XRE as my first choice in a non-registered account.
++++++++++++++++++++++++

Definitely complicated in non-registered account, unless your brokerage calculates it all for you . For most, should have plenty of room in TFSA or RRSP to hold REITs, and it is a moot point.

#168 AACI Homedog on 04.08.20 at 11:00 pm

Funny that female reference to the new plague. Reminds me of the song “lots of people talking, few of them know…soul of a woman was created below”. No hard feelings, please girls… ;)

#169 Manning on 04.08.20 at 11:01 pm

Garth great post! Maybe you could tell us what one or two major real estate changes would be for the future?
I’m very interested and respect your opinion.

Thanks
Manning

#170 Curious on 04.08.20 at 11:06 pm

Garth, I am curious how much the fabled 60/40 balanced and well diversified portofolio was (minimum)/ is (currently) down during this period? Do you mind sharing with us the benchmark?
And even if you chose not to share with this data, your posts are really helping us to get through this difficult time.
Thank you!

#171 Miami Blue on 04.08.20 at 11:11 pm

Did you ever think Easter/Passover would end up this way? Well…..
After President Trump news conference, one of the reporters made the same observation that for the first time in our nation’s history we won’t be celebrating Easter. Well let me tell you one thing, he’s dead wrong. We might not celebrate what Easter has become in that there may be no new clothes bought for that Sunday. We might not hide and hunt eggs in mass quantities. We may not travel home to attend church with our family. We might not see some folks at our worship services that we haven’t seen since Christmas, but we’re going to Celebrate Easter. As a matter of fact, every Sunday is Easter Sunday. Every time we assemble for worship we celebrate the resurrection of our Lord and Savior Jesus Christ. Pilate couldn’t kill a Him and the grave couldn’t hold Him. You think the Coronavirus is going to stop Easter. More people this year will hear the gospel than any other Easter before.

Thanks Garth for everything you do. And have a great Easter!

#172 WUL on 04.08.20 at 11:19 pm

#129 ImGonnaBeSick on 04.08.20 at 8:33 pm

“I agree, everyone will have covid-19 fatigue by then even the die hards…

my grave stone…my grave stone…my grave stone

Here’s hoping my epitaph reads:

“Here lies a lawyer that had COVID-19 fatigue and died hard.”

WUL

M64DreamerInTheMac

#173 John in Mtl on 04.08.20 at 11:32 pm

#64 Dolce Vita on 04.08.20 at 5:38 pm
FYI: Quebec blew past their best case scenario a few days ago.

Funny, I listen to Premier Legault and Dr Arruda’s press conference every day, and I’ve seen their best/worst scenario (download available to the public here:
https://www.quebec.ca/sante/problemes-de-sante/a-z/coronavirus-2019/) and Quebec is very much close to their best case scenario. I dunno where you get your information from but it certainly isn’t directly from the horse’s mouth!

#174 Not So New guy on 04.08.20 at 11:32 pm

So talk of a debt jubilee is gaining momentum:

Here is my suggestion:

Cancel the debts.
Turn all certificates of credit into currency at 30 – 50 cents on the dollar
Raise interest rates to 7%

I think that covers creditors, debtors, and savers.

#175 Nah! on 04.08.20 at 11:33 pm

This blog, which I believe started out as an investing portal, has over time, gone downhill a long long way. For the most part intelligence and civility have deteriorated to an unpleasant level and the quality of comments is unbelievably ignorant. It is notable that a small number of people contribute multiple times, usually with little financial or entertaining content.

#176 BS on 04.08.20 at 11:37 pm

DELETED

#177 Not So New guy on 04.08.20 at 11:37 pm

…and all Central Bank debt deleted!

#178 Ronaldo on 04.08.20 at 11:39 pm

#26 Dolce Vita on 04.08.20 at 4:17 pm
“All thanks to a bat.”

STILL urinating myself laughing as I type this.

THAT was good.
—————————————————————
You otta have your bladder checked out.

#179 Sail Away on 04.08.20 at 11:50 pm

#154 JPeas on 04.08.20 at 9:53 pm

I will email the info and links once i get home later. There is some absoltely fantastic info in the links I will send. It does require some life changes. It is informative and if addressed with a solid plan, it will without doubt help you.

———————-

Without doubt?

Peddle the snake oil elsewhere. Here you are offering a surefire solution without any idea of the true situation.

And it better be free info, since only sleazebags sell hope.

#180 J on 04.08.20 at 11:51 pm

#116 YouKnowWho on 04.08.20 at 8:00 pm
Anyone have other bat jokes?
————————————

Saw this in a meme yesterday:

First Bats. Then toilet paper. Now people are going nuts self-isolating. Everyone’s gone bat-sh*t-crazy.

#181 T.O VanMan on 04.08.20 at 11:55 pm

Yes or no question Garth
-Principal property tax
-100% capital gains tax
-Marginal rate Inheritance tax
-TFSA cap
-Tax tax tax
??????????????????????

#182 NFN_NLN on 04.09.20 at 12:06 am

#80 Deplorable Dude on 04.08.20 at 6:19 pm

NY accounts for 43% of US Deaths. It’s an outlier like Northern Italy. Something about their demographics we haven’t figured out yet.

You’re kidding right? See a pattern?

https://www.washingtonexaminer.com/news/de-blasio-haunted-by-weeks-old-tweet-urging-people-to-get-out-on-the-town-despite-coronavirus

https://www.theblaze.com/news/italy_political_correctness_china_coronavirus

Demographics = highly left leaning. It’s a cancer.

#183 Sail Away on 04.09.20 at 12:07 am

SoggyShorts, you out there?

I’m expecting some cracks in the US rally soon, so will be taking profits tomorrow on stocks bought at the low- might sell up to 50%. Then will be back on the hunt for blood.

#184 ulsterman on 04.09.20 at 12:07 am

#2 Deplorable Dude on 04.08.20 at 3:37 pm
BC hospitals currently 97% empty. What are they waiting for? We’ve been under soft lock down for 3 weeks. Ohh and they shut all provincial parks today. Any surge would have happened by now.

Tell the sick and elderly to self isolate, and the rest of us to keep washing our hands, and let us go back to work and get herd immunity.

Couldn’t have said it better. Those at risk self isolate with all the supports that a tax-revenue supported economy can provide.

The rest of us? Get the hell back to work. Given that 95% of those most at risk are already retired, i think it’s been idiotic to quarantine the majority of the working population.

#185 Ponzius Pilatus on 04.09.20 at 12:09 am

#50 Dolce Vita on 04.08.20 at 5:13 pm
#35 Sail away

A bit rich coming from someone that gets lost in the flora & fauna or primordial Canada even has upholstery, let alone a compass (or nappies).
————–
Dolce taking on the Sailor.
Who will win?
Place your bets.

#186 alf on 04.09.20 at 12:11 am

Ditch the fear, take reasonable precautions and get on with life.
Bailouts should be for everybody or for nobody.

The world is an incredible place when everyone else is inside.

#187 NFN_NLN on 04.09.20 at 12:13 am

#155 Jay on 04.08.20 at 9:57 pm
How is that China escaped with 80,000 cases and 3000 deaths, yet Canada is supposedly going to see millions of cases and many more deaths.

China #1. China is cleaner and the Chinese people have better hygiene. Also China is more medically advanced and has a longer history of practicing westernized medicine. The only place more advanced is North Korea, as evidenced by their even greater lack of viral infections. In closing, Canada is doomed, everyone is going to die.

Since you’re going to die, Trudeau made the right choice in sending us all your masks and PPE. Once the dust settles we will air lift him out of his hidey-hole cabin to join us as re-payment.

Thanks,
China.

#188 Dr V on 04.09.20 at 12:22 am

54 Brian – please re-read that article if you can locate it. I believe the argument is against activities with an
element of danger, where if the participant is injured they will require emergency and medical aid thus
reducing the system’s capacity to deal with the virus.

My favourite activity (cycling) was the target for such criticism. I had to read that comment a couple of times to deduce what they were implying. Now I’m actually not riding any more than what I normally would given such good weather here on the west coast, and with traffic greatly reduced, most routes are actually safer.

What I am not doing is riding with my usual group, or venturing far off-road for the noted reasons.

They’ve also now closed all BC parks. Now I hike in one regularly, and may only see a handful of people over the course of the hike. This response does seem overblown but I believe they are trying to avoid the crowds in the camping, picnic and parking areas over the coming long weekend.

#189 Karlhungus on 04.09.20 at 12:27 am

The world needs to punish China. This is starting to get out of hand. how are open wet markets still allowed there? SARS, bubonic plague, covid19 , Spanish flu, the list goes on and on. It all originated in China

#190 rookie57 on 04.09.20 at 12:33 am

My wife has a good friend who is a nurse in a elderly care centre who told us that over 30 residents died since December. None of them by COVID19. Death at these centres occur often – usually during flu season. COVID19 appears nasty but we should keep it in perspective. A look at BC statistics shows most COVID19 deaths are in the plus 80 year old category. The virus strikes the elderly as they typically have a poorer immune system. This is not a new thing we are experiencing. It is nasty but the hysteria around the predicted death totals is astonishing. The predictions come from models which are abused by the media and thus we get virus porn. If the media reported flu season deaths the same way, the public would panic every season. The BC government does not publish model death predictions as they are not helpful. Good for them.

#191 Brave new world on 04.09.20 at 12:59 am

Normal ain’t coming back for minimum 12-18 months ……antibody immunity passport… cell phone tracking….

https://www.technologyreview.com/2020/03/17/905264/coronavirus-pandemic-social-distancing-18-months/?utm_medium=tr_social&utm_campaign=site_visitor.unpaid.engagement&utm_source=Twitter#Echobox=1586360705

#192 Genesis II on 04.09.20 at 1:22 am

My guess- they will keep us on lockdown until we revolt. Given the pandemic nature of Canadians’ apathy, it’s already been estimated that it will take approximately 18 months.

We’re doomed!

I agree with a couple others here: there has been a disproportionate response to the Covid19 virus fatality rate by governments around the world, except for a few, which strongly suggests other agendas at play. We’ll find out soon enough…

#193 Calgary on 04.09.20 at 1:43 am

T2 expects biz to close and employees jobless for months.
If not qualify for EI or CERB (or both), live on A & W.
That is air and water.

#194 Steve French on 04.09.20 at 1:49 am

Genesis 41

“Then Pharaoh said to Joseph, “In my dream I was standing on the bank of the Nile, when out of the river there came up seven cows, fat and sleek, and they grazed among the reeds. After them, seven other cows came up—scrawny and very ugly and lean. I had never seen such ugly cows in all the land of Egypt. The lean, ugly cows ate up the seven fat cows that came up first. But even after they ate them, no one could tell that they had done so; they looked just as ugly as before. Then I woke up.

“In my dream I saw seven heads of grain, full and good, growing on a single stalk. After them, seven other heads sprouted—withered and thin and scorched by the east wind. The thin heads of grain swallowed up the seven good heads. I told this to the magicians, but none of them could explain it to me.”

Then Joseph said to Pharaoh, “The dreams of Pharaoh are one and the same. God has revealed to Pharaoh what he is about to do. The seven good cows are seven years, and the seven good heads of grain are seven years; it is one and the same dream. The seven lean, ugly cows that came up afterward are seven years, and so are the seven worthless heads of grain scorched by the east wind: They are seven years of famine.

“It is just as I said to Pharaoh: God has shown Pharaoh what he is about to do. Seven years of great abundance are coming throughout the land of Egypt, but seven years of famine will follow them. Then all the abundance in Egypt will be forgotten, and the famine will ravage the land. The abundance in the land will not be remembered, because the famine that follows it will be so severe. The reason the dream was given to Pharaoh in two forms is that the matter has been firmly decided by God, and God will do it soon.”

————

#195 Pandemic on 04.09.20 at 2:02 am

#124 crowdedelevatorfartz on 04.08.20 at 8:15 pm
@#100 Pandemic Porn
“People are treating this like the “2000” computer crisis. “See? It didn’t happen!” Well, that’s because 5 years and untold billions were spent making sure it didn’t happen.”

++++

Spare me.
Our company spent 10,000’s of thousands upgrading our computers for Y2K.
I grabbed a few of the old, untouched, unmodified computers and let them tick over into the New Year……..they ran fine.
But hey!
Microsoft and all the geeks made billions.

————————–

First off don’t change my name you dolt. Second the computers you got if you actually got any and aren’t making it up weren’t doing anything date sensitive. Rolling from 2 digits to 4 at 2000 was a big deal, but people in the know saw it in advance and fixed it in advance. No help from people like you. These weren’t desktops, which were largely unaffected since they used the 1900 date start and a larger memory byte.

Stop talking about that which you do not know. The two digit system in place before 2000 in many legacy systems was a potential problem. It was reprogrammed once it became common knowledge. Tragedy averted though forethought.

#196 Nonplused on 04.09.20 at 2:08 am

#130 Western Diversification on 04.08.20 at 8:35 pm

The idea of “diversification” is a myth. What is Alberta to do? Start building electric vehicles and space rockets? I have a feeling Elon would have other ideas. And he has a head start.

We in Alberta either sell our oil and our farm produce, or we depopulate. People will have to move to California and build Teslas.

#197 Pandemic on 04.09.20 at 2:14 am

#155 Jay on 04.08.20 at 9:57 pm
How is that China escaped with 80,000 cases and 3000 deaths, yet Canada is supposedly going to see millions of cases and many more deaths.

——————–

You trust statistics coming out of China? I don’t need to administer an IQ test in your case.

#198 Scott on 04.09.20 at 2:24 am

@17 Garth
Let’s hope it stays that way Garth. We’re seeing a stark contrast between countries who are handling this well and those who are handling it poorly. US has about 10x the population of Canada but 35x the deaths. I agree with #17 that it’s best to handle this virus. It’s not the media we should be listening to, it’s the infectious disease experts. They say shut er down, why not listen to them? You say the economy was murdered. It’s just being put to sleep until this is under control. Approaching a million deaths Garth. Why not listen to the experts who say your wife doesn’t NEED to be able to go to a book store right now. You don’t NEED your hair cut. I don’t need to be flying a plane (and it will be a long while if ever that we’ll go back to business as it was a few months ago).

#199 n1tro on 04.09.20 at 3:10 am

Can someone please make this social distancing/wfh stop. I’m finding myself doing more work than when I was going to the office. Only one that benefits is the company!

#200 Joan Fitzroy on 04.09.20 at 4:01 am

“A new poll shows terrorist media and government have now convinced almost two-thirds of the population they’ll be infected.”

Interesting that no one here raised the question/objection when Greta and the Al Gore Green Carpet Baggers were on a campaign to scare the crap out of our school children that climate change would kill them in a few short years. Wasn’t the stated objective made by Greta and co, to “panic” children? Was that ever questioned by Trudeau? Was it ever moral to create a generation of panic and anxiety among children? Why didn’t anyone stand up and call bullshit on the Climate Crazies? The economic carnage in Canada has been raging in Alberta for years, helped along by federal ministers.

OK !!! I call Bullshit on the panic. You people had better stand up when this is over and put the boots to the other crisis thats strangling our economy

#201 devore on 04.09.20 at 4:34 am

#105 NOSTRADAMUS

This “appeal to emotion” fallacy thing is sad. Any thing that causes fewer deaths than the common flu is, in fact, “no big deal”. Every death is tragic, but I doubt you are as outraged about any other preventable death as you pretend to be about this one. If you require to lock everyone in their house in case they are carriers and might infect someone vulnerable, do you also support forcing everyone to walk and manually carry everything around in case they run someone over with a vehicle? How many people die every year in car accidents? There is someone’s grandma dying somewhere in the world every minute. The virus doesn’t even statistically move the needle on that.

This is some truly pathetic and transparent fake moralizing to guilt people into supporting a police state and extreme government interventions that we will be heavily paying for for GENERATIONS. Think of the children! Why do you hate children and want them to suffer just to make yourself feel better?

#202 Sky on 04.09.20 at 4:53 am

James Bullard, head of the St. Louis Federal Reserve Bank :

“BULLARD: You know, I have good news for you, MARGARET, because we have a- there is a solution using available technology today to fix the economic part of this problem. The solution is universal testing. What you want is every single person to get tested every day. And then they would wear a badge like they would at a- after they voted or something like that to show that they’ve been tested…”

https://www.cbsnews.com/news/transcript-james-bullard-on-face-the-nation-april-5-2020/

#203 Sky on 04.09.20 at 4:57 am

You’re looking suspiciously well groomed in that photo, Garth. Watch out for the SDPD.

#204 Sky on 04.09.20 at 5:09 am

Have I slipped into an alternate universe? I’m having trouble recalling the badge I get after voting. Anyone?

But who am I to question one of the intelligensia in charge of reopening the USA economy, James Bullard? I’m sure his proposed solution will work out nicely, despite those preferring the traditional method. Gold Stars.

#205 Howard on 04.09.20 at 5:35 am

#151 Dee on 04.08.20 at 9:44 pm
Garth I want to LIVE and this isn’t living. I lived through the flu in the 60’s, SARS, MERS, H1N1 etc etc and so did most people. Viruses can kill people but so can a million other things. The govt wants us to believe that we must to stay inside or we’ll die. The reality is, If we stay inside long enough we all really WILL die. Pretty sad when a “minority” govt can destroy our entire way of life by selling FEAR.

—————————————

Oh my goodness what hardship.

Staying at home for 3-4 weeks.

You’re a regular Nelson Mandela, Dee.

Perhaps it’s a good thing that the Greatest Generation, who actually endured real hardship, are mostly gone and won’t witness all the bleating.

#206 Harley Tempke on 04.09.20 at 5:53 am

EU big wigs are suggesting that those who are still receiving an income should be taxed higher in order to support those with no job. Would that make our unionized civil servants feel better? Jerry Dias over at Uniform should be all in.

I support that. Strip the fat off the civil service, over and above what they’re paid vs the private sector, and direct that fat towards the welfare of lesser privelaged citizens.

Civil Servants making more than $100,000 p/a should pay 60% . Civil Servants making $150, 000 and more should pay 70%. Civil Servants including politicians making over $175,000 should pay 90%. This would only make their pay in line with private sector wages and would provide a living wage to everyone without having to attack job creators and seniors.

#207 Andrew on 04.09.20 at 6:42 am

https://www.amazon.ca/Strong-Towns-Bottom-Up-Revolution-Prosperity-ebook/dp/B07YGC4K4V/ref=sr_1_1?crid=803V9RC79QO6&keywords=strong+towns&qid=1586428888&sprefix=strong+towns%2Caps%2C153&sr=8-1

The hopium dealers have run dry it seems.

#208 Sky on 04.09.20 at 6:43 am

Waiting for the latest USA jobless numbers. Famed international virologist/epidemiologist Bill Gates is being interviewed by Becky Quick on CNBC .

Bill’s doing a little better at wiping the smirk off his face compared to his CNN interview the other day in which he couldn’t manage to contain his glee.

Mr. “3 month total lockdown” Gates said he was in this thing just like us. Probably while skyping in from his mega yacht somewhere off the coast of New Zealand. Oh, and he tells us he’s having to learn how to video conference now. Learning how to video conference. Bill Gates. Right. Got it.

Fauci and Gates. There’s no escaping this pair of unelected psychopaths running their mouths off all over TV these days.

#209 SoggyShorts on 04.09.20 at 7:01 am

#184 Sail Away on 04.09.20 at 12:07 am
SoggyShorts, you out there?

I’m expecting some cracks in the US rally soon, so will be taking profits tomorrow on stocks bought at the low- might sell up to 50%. Then will be back on the hunt for blood.
**********
Oh man thanks for the invite, but my gut can’t handle market timing(nor could my marrige I think)

I’ve basically decided to hold on and ride this out and to take comfort in NOT making any decisions other than that one.
I also didn’t have any cash to deploy at the low so the only way I can look/feel smart is to not miss any up days, even if that means being all in on down days.

Good luck to you though, I hope you keep crushing it and I will live vicariously through your exploits.

#210 bobby13 on 04.09.20 at 7:02 am

DELETED

#211 SoggyShorts on 04.09.20 at 7:03 am

#88 Stone on 04.08.20 at 6:59 pm
#67 Yukon Elvis on 04.08.20 at 5:45 pm
#53 Stone on 04.08.20 at 5:17 pm

On a brighter note, my balanced and diversified ETF portfolio is now at -7.86% YTD.
…….
I’m curious where everybody else who has a balanced and diversified ETF portfolio is sitting at.
…………………….

I am down 15 ish percent. All stock tho, not balanced. Not worried at all.
***********
YTD not Inc dividends
SOGG -13.26% 100/0
VEQT -14.28% 100/0
VGRO -11.79% 80/20
VBAL -9.01% 60/40

SOGG since inception Jan 2019: +7.5%
Overall, I’m pretty happy with these numbers.

How are you guys doing including 2019? (over 16 months?)
I think VBAL is flat for that time period if I’m reading charts correctly?

#212 BrianT on 04.09.20 at 7:50 am

#92Mandrake-it is going to be a long way to the top if you want to rock and roll-your post summed up the current situation perfectly https://www.youtube.com/watch?v=-sUXMzkh-jI

#213 Sail Away on 04.09.20 at 7:57 am

#160 Keyboard Smasher on 04.08.20 at 10:10 pm

Who else going long on oil tomorrow in anticipation of the OPEC+ negotiations?

Got a few thousand units of UCO with some stop limit protection if things go south..

———————-

I’ve not had success predicting the oil sector over many years, so will watch and see. Let’s just say there will be developments. Good luck. The sector is volatile but also critical.

#214 Toronto_CA on 04.09.20 at 7:59 am

To #205 Howard on 04.09.20 at 5:35 am

Hey Howard, this IS a real hardship. For many, many people. And it is akin to a wartime society with people unable to enjoy daily lives, facing hardship and bare shelves in the stores. People like you that belittle the sacrifice being made by the populace make me sick.

Why do you think the greatest generation fought those wars? So we could all huddle in fear locked away in our houses for fear of arrest or harassment?

And that doesn’t touch on the massive amount of damage done to the working poor in all this; transfer of so much from the bottom rung of the social ladder to give the old boomers a few more years on the planet they’ve destroyed.

It is a real hardship the people are suffering. So please shut up and check your awful attitude. It’s people like you that belittle the sacrifice that encourage people to break the quarantine and social distancing measures. That you don’t see it is disgusting to me.

#215 BrianT on 04.09.20 at 8:06 am

#107Felix-I like dogs but even if I liked cats I would beware the cat parasite getting into your brain and lowering the quality of your posts here-it is a lot more likely than you catching the virus https://www.sciencedaily.com/releases/2012/12/121206203240.htm

#216 Sail Away on 04.09.20 at 8:09 am

Steve French, I’m more partial to the following fit of holy man homicidal rage. The kids mocked Elisha- of course 42 of them must die:

2 Kings 2:23–24

“23 And he [Elisha] goeth up thence to Beth-El, and he is going up in the way, and little youths have come out from the city, and scoff at him, and say to him, `Go up, bald-head! go up, bald-head!’

24 And he looketh behind him, and seeth them, and declareth them vile in the name of Jehovah, and two bears come out of the forest, and rend of them forty and two lads.”

#217 BrianT on 04.09.20 at 8:27 am

#198Scott-your post sums up the problem-IGNORANCE promoted by the MSM and government-“Approaching a million deaths Garth”-actually 88000 which is pretty close to a million (8.8%)but math, logic none of it matters-I don’t mean any disrespect to those smart women who can see through this scam but at this point after decades of conditioning Canada is an extremely feminine country basically ruled by fear-the women are women and so are half the men.

#218 crowdedelevatorfartz on 04.09.20 at 8:28 am

195-97 Pandemic Porn

So Y2K was a big non event that cost the world billions.
Yawn.
Wu-Flu is killing the elderly and the “previous conditions” sick.
The mortality rate will be like a bad flu year….not the Black Death.

Have we, with low IQ, missed something?

P.S.
You’ll notice I “rolled over” the last two didgets on #197 to save time….I thought the “inner programming geek” in you would appreciate that…….

#219 crowdedelevatorfartz on 04.09.20 at 8:33 am

@#194 Steve Franciscan

I always enjoy a good fairy tale.
We’re almost to Easter.
Where the Easter Bunny moves the big rock, escapes from his hole in the ground , sees his shadow, and disappears. Winter for another 2 weeks.
We all get chocolate eggs as compensation.

#220 Felix on 04.09.20 at 8:35 am

COVOD is the future!

(Cats On Verge of Dominance)

#221 Catalyst on 04.09.20 at 8:39 am

Garth – you still think taxes pay for things. The money printer pays for things and right now the BoC and all private CB’s are going ‘whhhrrrrrrrrr’. The only eventual outcome is a debt jubilee.

#222 crowdedelevatorfartz on 04.09.20 at 8:50 am

@#201 devorce
“Think of the children! Why do you hate children and want them to suffer just to make yourself feel better?”

+++

Sounds like a plagiarized Teachers Union propaganda clip from the striking teachers in Ontario.

I wonder after all is said and done with the obliterated school year…..how many teachers will be needed to video school the rugrats from home…..

Cause I’m thinkin more than a few parents and or govt bean counters will notice……. keeping Johnny home, saves mom and dad a commute, after school daycare fees, the dreaded bullying, working a second job to pay for it all, etc etc etc is better than a substandard education in our public school system?
Zoom Zoom

#223 Randy on 04.09.20 at 8:51 am

CoVid-19 renamed —-> Another Election Year Plandemic

#224 akashic record on 04.09.20 at 8:57 am

Bill Gates has lost his mind: “…mass gatherings, maybe, in a certain sense more optional. And so until you’re widely vaccinated those [activities] may not come back at all…”

At which point is he declared criminally insane and treated accordingly?

#225 TurnerNation on 04.09.20 at 9:01 am

Folks watch the man behind the curtain.
Socializing the losses.
Air Canada is hiring back many workers. Not for flying no.
For the Federal wage subsidy, paid by the government to workers, which accrues more toward them ,than E.I. payments.
Why can’t the airline pony up cash or float more stock, debt ? Socializing the losses.
One wag call this the elite’s Corona Coup underway. Hard to argue.
2 week ago I said we witnessed the greatest global corporate takeover ever seen.

#226 IHCTD9 on 04.09.20 at 9:15 am

#186 Ponzius Pilatus on 04.09.20 at 12:09 am
#50 Dolce Vita on 04.08.20 at 5:13 pm
#35 Sail away

A bit rich coming from someone that gets lost in the flora & fauna or primordial Canada even has upholstery, let alone a compass (or nappies).
————–
Dolce taking on the Sailor.
Who will win?
Place your bets.
—-

I’ll take Sail because it’s impossible to forcibly get his panties in a bunch, while Dolce gets a little rib and takes off for 6 months.

BTW Ponzie, both my house and car insurance companies cranked my premiums this spring – big jump. I started shopping around and ended up with a quote getting all the increases back and more on top. So I fired both of ‘em and saved almost a grand.

Just thought you could try that strategy with ICBC, maybe you might save some $ like I did if you shopped around a little…

#227 johnny on 04.09.20 at 9:20 am

Well when the Federal reserve adds 5-6 trillion to its balance sheets up to 10 trillion soon then is it really surprising. So basically the central bankers are printing to the moon and somehow people think all is well. I have said for years if our economy was so great why have central bankers kept interest rates near zero for 12 years..we even have negative interest rates.
Whats next..the Fed buying stocks..maybe its already happening. Yes we could easily see the stock market going to new highs soon but its not based on fundamentals..its based on printing trillions. How is this sustainable..I give this 1 to 3 years before the massive debt collapses..

#228 crowdedelevatorfartz on 04.09.20 at 9:25 am

March Unemployment numbers for Canuckda out.
7.8%

And I quote ” The largest one month jump since 1976″

Yeah boomers had it easy …

I cant wait for the Canuck buck to drop like a turd in an outhouse……

That means the other 1976 boogey man…. higher interest rates….shall be upon us.

Being a Boomer was soooo easy back then wasnt it ?

P.S.
England is seeing a spike in suicides. 1400 so far.

#229 crowdedelevatorfartz on 04.09.20 at 9:37 am

@#226 IHCTD9
“Just thought you could try that strategy with ICBC, maybe you might save some $ like I did if you shopped around a little…”
++++

You cant “shop around” with ICBC.
Govt insurance.

Even if you go to the private sector for the (fire , theft, collision portion of your insurance ( the “public liability ” portion is mandated by the govt.) you may save a few bucks.

ICBC has everyone in the Province by the gonads.
And now that they have rolled the Motor vehicle branch under ICBC’s mandate…..you dont get your caar insurance until all fines, levies, etc are paid up from the previous year……
They got ya , lock , stock and barrel.

#230 not 1st on 04.09.20 at 9:41 am

#228 crowdedelevatorfartz on 04.09.20 at 9:25 am

So I guess Trudeau cant crow about lifting a million people out of poverty anymore. He put 5 million people back in that bracket.

Shows the shallowness of his economy over the pat 5 yrs. Non essential, service sector employees and govt employees dumped at a moments notice. But we all knew that. There were no tech or engineering jobs being created. It was all take out window, hotel and bar staff, barely above sustenance levels in this country.

Now all the SJW, greenies, avocado toast crowd are laid off on the govt UBI and pretty quiet now. No protesting those dirty resource jobs now.

#231 JB on 04.09.20 at 9:43 am

Tomorrow 2020 years ago………………………. No TSX, no DOW, no internet trading. A happening that rocked the world forever.

When he was taken to Golgotha (which means “Place of the Skull”), he hung on a cross next to two thieves, insulted, despised and mocked. The day darkened. Jesus gave a great cry saying: “Eli, Eli, lema sabachthani?” (Which means: “My God, my God, why have you forsaken me?” Mt.27: 46b). And soon he died. There was a great earthquake and the veil of the Temple in Jerusalem was torn. Joseph of Arimathea, one of his followers, buried Jesus. Since Jesus had predicted that on the third day he would be resurrected, the chief priests and the Pharisees came before Pilate to ask him to seal the tomb. “Otherwise, his disciples may come and steal the body and tell the people that he has been raised from the dead” (Mt.27: 64).

#232 Bobvid-19 on 04.09.20 at 9:44 am

I think we need to:

1) Cut back on globalization – We need something like a “Fortress North America” to keep us safe from these kinds of threats. We don’t need another Dollar Store around the corner. We are willing to pay more for local products and services now. The value of protecting all of us in the long term easily outweighs any dime saved in the short term.

2) Build out our O&G industry/pipelines – enviros now need to understand how vital this is to Canada and the O&G industry needs to ensure we develop it with enviro sustainability in mind.

3) If another virus like this shows up again we need to shut ALL travel from the country where it originated immediately. It’s likely these viruses will get worse in the future.

4)Anything else?…

#233 not 1st on 04.09.20 at 9:47 am

Fed reserve just backed a $2.3T loan deal for main street business. I count almost $12T in stimulus injected in less than a month.

#234 JB on 04.09.20 at 9:48 am

#228 crowdedelevatorfartz on 04.09.20 at 9:25 am

March Unemployment numbers for Canuckda out.
7.8%

And I quote ” The largest one month jump since 1976″

Yeah boomers had it easy …

I cant wait for the Canuck buck to drop like a turd in an outhouse……

That means the other 1976 boogey man…. higher interest rates….shall be upon us.

Being a Boomer was soooo easy back then wasnt it ?

P.S.
England is seeing a spike in suicides. 1400 so far.
…………………………………………………………..
My father has this in a vinyl version. Catchy little tune.
The English are a strange bunch.

https://www.youtube.com/watch?v=iaxAZYQB44o

#235 Bartman on 04.09.20 at 9:50 am

Your reply to Kurt. Please check your math on Italy’s infection rate. .23 is the correct answer I believe.

#236 TurnerNation on 04.09.20 at 9:53 am

For a while now I’ve been suggesting people might be forced out of rural areas (and self-sustainability) and into cities/condos (UN plan).
In Ontario Huron-Kinloss area the mayor has refused turning on water valves to seasonal cottages. Yup the virus did that. There is nothing is cannot do- just watch them

#237 JB on 04.09.20 at 9:54 am

#230 not 1st on 04.09.20 at 9:41 am

#228 crowdedelevatorfartz on 04.09.20 at 9:25 am

So I guess Trudeau cant crow about lifting a million people out of poverty anymore. He put 5 million people back in that bracket.

Shows the shallowness of his economy over the pat 5 yrs. Non essential, service sector employees and govt employees dumped at a moments notice. But we all knew that. There were no tech or engineering jobs being created. It was all take out window, hotel and bar staff, barely above sustenance levels in this country.

Now all the SJW, greenies, avocado toast crowd are laid off on the govt UBI and pretty quiet now. No protesting those dirty resource jobs now.
………………………………………………………………….
I am thoroughly enjoying the fact that I don’t hear any crap about our stupid unionized teachers and their pandering ass union reps. They may juts learn a terrible lesson themselves about how the economy works during a massive downturn. You can’t get blood from a stone!

#238 IHCTD9 on 04.09.20 at 9:54 am

#229 crowdedelevatorfartz on 04.09.20 at 9:37 am
@#226 IHCTD9
“Just thought you could try that strategy with ICBC, maybe you might save some $ like I did if you shopped around a little…”
++++

You cant “shop around” with ICBC.
Govt insurance.

Even if you go to the private sector for the (fire , theft, collision portion of your insurance ( the “public liability ” portion is mandated by the govt.) you may save a few bucks.

ICBC has everyone in the Province by the gonads.
And now that they have rolled the Motor vehicle branch under ICBC’s mandate…..you dont get your caar insurance until all fines, levies, etc are paid up from the previous year……
They got ya , lock , stock and barrel.
——

Yeah, I know. That was just a little rib for Ponzie as he sometimes comes across like governments do things better than the private sector could.

Well, they maybe they could – at 4x the cost…

#239 JB on 04.09.20 at 9:55 am

#232 Bobvid-19 on 04.09.20 at 9:44 am

I think we need to:

1) Cut back on globalization – We need something like a “Fortress North America” to keep us safe from these kinds of threats. We don’t need another Dollar Store around the corner. We are willing to pay more for local products and services now. The value of protecting all of us in the long term easily outweighs any dime saved in the short term.

2) Build out our O&G industry/pipelines – enviros now need to understand how vital this is to Canada and the O&G industry needs to ensure we develop it with enviro sustainability in mind.

3) If another virus like this shows up again we need to shut ALL travel from the country where it originated immediately. It’s likely these viruses will get worse in the future.

4)Anything else?…
…………………………………………………………….
Send T2 to Wuhan as a Peoplekind Ambassador for Canada.

#240 sky on 04.09.20 at 9:58 am

Finally. Some corona case numbers CONTEXT. All we ever hear is rising cases, rising cases, rising cases. Without any sort of context, these are just a bunch of meaningless voodoo numbers meant to inflame your fear.

From RT – Yes they also screamed about rising case numbers in Russia…but…a more informative report followed which was as follows:

– largest daily number of cases – over 1,400
– to date just over 10,000 confirmed cases with 76 deaths
– Russia has been very proactive with 1 MILLION tests done

10,000 positives out of 1 million tests = 1 person per hundred(100) tested has the virus.

How many total tests has Canada run? What about USA or UK? Why are they keeping this info from us?

As our case numbers rise is it because we are running more tests? Or is the virus getting worse? Don’t know. They won’t tell us. Why not?

If Russia tested only those with symptoms that’s a 1% rate for corona virus. I have no idea if they also tested the asymptomatics. The so called secret super-spreaders.

Our fellow Canadians are being stripped of urgent medical care while the hospitals await the coronapocalypse.

Some have waited in pain for years here in BC for necessary treatment. They just kicked a guy in his 30’s out of the Prince George Hospital. He woke up paralyzed on one side of his body. Doctors suspect ALS but don’t know for sure because they cancelled all his tests (scans, neurologist, etc) and sent him home to stay with his girlfriend. What a sadistic fraud all of this is.

If I wanted a bunch of witch doctors blowing up the economy and scaring people with quack numbers I would have moved to Africa. Which we are about to become if this insanity doesn’t end pronto.

#241 Stan Brooks on 04.09.20 at 10:05 am

Not 500 000 but:

BREAKING: Canada loses over a million jobs because of coronavirus

https://ca.finance.yahoo.com/news/march-2020-jobs-numbers-coronavirus-123834353.html

On top of the jobs lost, 2.1 million Canadians worked zero hours.

Oh, I forgot: And the housing prices to the moon.

Cheers,

#242 Bytor the Snow Dog on 04.09.20 at 10:05 am

Think Covid deaths aren’t overcounted? Think again.

Especially delicious is the last paragraph at the bottom.

https://www.cdc.gov/nchs/da

#243 Bytor the Snow Dog on 04.09.20 at 10:07 am

Link truncated improperly.

Try this:

https://www.cdc.gov/nchs/data/nvss/coronavirus/Alert-2-New-ICD-code-introduced-for-COVID-19-deaths.pdf

#244 BrianT on 04.09.20 at 10:14 am

DELETED

#245 not 1st on 04.09.20 at 10:17 am

The US debt is 22T and the federal reserve now has half of it on their balance sheet. Other CBs hold some of it too.

Why not just push the fed out on to an ice floe and call a debt jubilee, get a new currency backed by resources and hard commodities. That transition cant be any worse than what we just went through.

#246 Bobvid-19 on 04.09.20 at 10:24 am

“And the people bowed and prayed to the neon god they made…”

Disturbed – Sound of Silence:

https://www.youtube.com/watch?v=-VH0l5fuKUc&feature=youtu.be&fbclid=IwAR0fUWhPqWQLZj6WM5dY5VpmMTzaIjqlIhL6kS0ohJY-s9-PX0nzIKnbix0

#247 Sail Away on 04.09.20 at 10:30 am

Who’s up for a Vancouver Easter flashmob? Let’s try for 1,000 people.

I can take about 10 in my VW bug.

#248 Dharma Bum on 04.09.20 at 10:32 am

#146 Terry

It’s time to end the unconstitutional lock downs, open up our businesses and get back to work! I wonder if we can collectively start up our economies again ON OUR OWN……….without the Governments permission?
——————————————————————-

Yes we CAN, and yes we WILL!

When push comes to shove, serious business people will tell our fascist nazi government to SHOVE it. If we want to be truly free, we have to fight for that freedom. They can fine the hell out of businesses, but those businesses just have to stay open. Fight back.

Remember when the government used to force businesses to close on Sunday? One heroic individual stood up to those nazi bastards swine an defied the Sunday closing law. Over, and over, and over, and over. He was an inspiration to business people, who followed his lead and defied the anti-freedom goose-stepping authoritarian by-law enforcement gestapo. It was a hard won battle.
Now, we should all be damned to let the pricks tell us what to do, how to do it, and when to do it.
RESIST. FIGHT BACK. To hell with them. Be a hero.
Like Paul Magder (may he RIP).

https://www.thestar.com/news/gta/2009/11/17/fur_flew_but_the_furrier_stood_firm.html

#249 Stan Brooks on 04.09.20 at 10:35 am

Interesting research:

https://www.euronews.com/2020/04/06/has-the-key-to-a-coronoavirus-vaccine-been-staring-us-in-the-face-for-a-century

A new scientific study has discovered a possible correlation between countries where it is mandatory to be vaccinated against tuberculosis, also called “Bacillus Calmette-Guerin” (BCG), and the impact of the new coronavirus.

The different impact of coronavirus in Western and Eastern Europe
The research could also explain the difference between the impact of the coronavirus in Western and Eastern Europe, because universal tuberculosis vaccination policies were widely spread in the countries of the former Soviet Union (USSR).

The eastern states of Germany, which were part of the USSR as East Germany until reunification in 1990, have lower numbers of COVID-19 cases per 100,000 people, according to the Robert Koch Institute’s national tally:

Japan, which has reported only 63 deaths from coronavirus and has taken less stringent containment measures, has a universal tuberculosis vaccination policy.

Smoking man wins again.
Cheers,

#250 Dharma Bum on 04.09.20 at 10:41 am

#219 Crowdedelevatorfartz

We’re almost to Easter.
Where the Easter Bunny moves the big rock, escapes from his hole in the ground , sees his shadow, and disappears. Winter for another 2 weeks.
——————————————————————-

I didn’t realize you were so religious!

FYI, it’s all fake. Made up stuff.

The only reality is the easter buddha. They make chocolate ones filled with incense. Ommmmmmm…..

By the way, passover the bourbon, wouldjya?

#251 kc on 04.09.20 at 10:48 am

247 Sail Away on 04.09.20 at 10:30 am

Who’s up for a Vancouver Easter flashmob? Let’s try for 1,000 people.

I can take about 10 in my VW bug.

XXXXXXXXXXXX

How about 250,000 pissed off vancouverites marching to horgan’s place and we swing them all from the lamp posts ….

I am waiting to see when they march to the Hamptons’ and they will be swinging from the lamp posts.

cheers

#252 openuri's on 04.09.20 at 10:51 am

Canadians need to open their eyes. Too much left wing propaganda and China sympathizer here including our very own PM. Maybe try watching or reading news outside of Canada for once to avoid things like CBC propaganda. Unreal. Wake up.
We partially in this mess because China lies and had control of the WHO even though the USA contributes double to WHO. The west got blindsided because information was withheld from the western countries. Taiwan raised the alarm end of Dec but WHO suppressed it because China bullied the WHO into not recognizing Taiwan as an independent country from China. That’s part of it.
https://www.youtube.com/watch?v=CIHWaaJNktQ

Wake up. Do something useful folks, besides waiting for your sports game to come back online and surfing your fake social media garbage, which by the way, China has been engaging in a massive damage control propaganda scheme. This country need to stop pandering to China an useless UN member dictatorship countries. Unreal.

#253 Sky on 04.09.20 at 11:00 am

Shopping cart police coming to the UK.

“Police chiefs are now only ‘a few days away’ from introducing road blocks and searching shopping trolleys as people continue to flout the coronavirus regulations.”

https://www.dailymail.co.uk/news/article-8203631/Police-call-powers-fine-people-driving-second-homes.html

#254 Stan Brooks on 04.09.20 at 11:01 am

This is a really bad news:

https://ca.news.yahoo.com/coronavirus-covid19-canada-latest-updates-190048955.html

COVID-19 in Canada projection: Up to 22,000 could die, and social distancing could continue into fall

The options:

1. Stronger epidemic control:

There will be a 1 to 10 per cent infected rate peaking and the end of spring, beginning of summer and ending in the fall.

Between 11,000 and 22,000 deaths in Canada are predicted.

There will be between 73,000 and 146,00 hospitalizations, and between 23,000 and 46,000 in intensive care.

2. Weaker epidemic control:

There will be a 25 to 50 per cent infected rate peaking between summer and fall, ending in spring 2021.

More than 200,000 deaths are expected to occur in Canada.

Let’ hope it turns for the best. Pray to Buddha, Allah, God and light a candle of pure beeswax to St. Bernardine of Siena (patron of Lung and Respiratory Problems) and St. Sigfrid (patron of advance lung diseases).

Cheers,

#255 Deplorable Dude on 04.09.20 at 11:02 am

Lol at Bill Gates.

He couldn’t even keep viruses out of his own product.

That’s why I’m a MAC guy.

#256 Fused on 04.09.20 at 11:06 am

#160 Keyboard Smasher
Keep buying units, I keep buying USO every pay cheque, once this virus is over people will want to get out and consumption will soar.

Any of the keyboard epidemiologists on here have mortality rates for Africa being that they have sub standard medical facilities with few ventilators. I am sure there must be millions of deaths by now since they probably are not big on social distancing, wearing of masks, self isolating for weeks at a time or have access to copious amounts of hand sanitizer.

#257 PastThePeak on 04.09.20 at 11:15 am

#155 Jay on 04.08.20 at 9:57 pm
How is that China escaped with 80,000 cases and 3000 deaths, yet Canada is supposedly going to see millions of cases and many more deaths.
++++++++++++++++++++++++++++++++

Because China is lying?

Jesus, how hard is that to figure out? I have followed this closely since January, and there were multiple sources that leaked out of China to indicate the number of cases & deaths were vastly under reported (like by a couple of “0s”).

Go to the following link, and checkout the 2nd graph down. Let me know which countries are the outliers.

China has a population of 1.4B, densely packed in cities, a very communal dining culture, they did not react quickly to the virus (2 months after first detected before any measures introduced), and a health system that overall is not ranked very highly – and yet you still believe that they only had a (relatively small number of cases and deaths?

The iron grip that the CCP has over the media, and sympathetic / naive media in the West, ensures that the CCP can control any message. You don’t think they can hide hundreds of thousands of deaths?

There is a media coverup (or gross overlook) going on, but it is not the one you think…

#258 Harley Tempke on 04.09.20 at 11:27 am

How dumb is dumb? The headline news is that 1 million lost jobs in March. And, now you know why Trudeau Liberals stood by and let millions of stressed renters wait until April to get the CERB? The March jobs are nothing but something to hide behind until s month from now.

Because didn’t 3 million just sign up for EI and 3 million sign up for CERB on the first day the window opened? Why the Trudeau Libs are lying is a question yet to be answered, just like why it takes FOI fights to release the incompetance of their COVID response.

How did the media think by announcing a million unemployed would somehow benefit Justin? We’ll wait for that one.

https://www.bnnbloomberg.ca/canada-sheds-record-1-01-million-jobs-in-march-1.1419622

#259 Bezengy on 04.09.20 at 11:31 am

Here in the Northern Ontario backwoods the kids have taken it on themselves to breakout of their bedrooms and gather late at night for impromptu parties in the playgrounds after Mom and Dad pass out for the night. Do you where your children are?

#260 Damifino on 04.09.20 at 11:34 am

#175 Not So New guy

So talk of a debt jubilee is gaining momentum:
—————————–

Not so much among the lenders.

#261 the Jaguar on 04.09.20 at 11:37 am

“LONDON (Reuters) – OPEC and its allies hold talks on Thursday to discuss plans for the biggest coordinated oil output cut in history but two hurdles remain: reaching a deal on the levels from which to make reductions and securing the participation of the United States.
U.S. President Donald Trump said last week he had brokered a deal between Russia and Saudi Arabia that could see cuts of 10 million to 15 million barrels per day (bpd), or 10 to 15% of global supplies. But Washington has not said it will join in.
Russian President Vladimir Putin has said he favoured cuts being made from production levels in the first quarter.”

The coronavirus crisis, meanwhile, has slashed oil demand by 30%.

Becoming quite evident that it is USA and by association Canada who will not ‘play ball’. Everybody wants to blame the bad ass Russians, but the reality is that it is USA who refuses to make the sacrifices that everyone else is being asked to make.
Don’t blame the Russians. The media isn’t reporting this story very well.
Putin won’t blink. Nor should he…………

Gas at the pumps under 59 cents a liter here. Won’t stay that way.

#262 Lambchop on 04.09.20 at 11:44 am

#217 BrianT on 04.09.20

I don’t mean any disrespect to those smart women who can see through this scam but at this point after decades of conditioning Canada is an extremely feminine country basically ruled by fear-the women are women and so are half the men.
_______________________

While I agree that Canada is ruled by fear (and virtue signalling) and that half of the men behave as women traditionally have, I think more men see through this horsesh*t than women do because women are discouraged from participating in free thought (by themselves and each other) and seem to be much more concerned with what other women will think of them and how it translates to their social media posts and potential likes.

Now that I type that out loud, it’s really very sad. Women have not progressed very far at all and still require constant approval and reassurance.

On another note, to all the Call to Arms on here, what is the proposition? How do we stand up to this oppression? I really want to know.

#263 Sail away on 04.09.20 at 12:07 pm

#209 SoggyShorts on 04.09.20 at 7:01 am
#184 Sail Away on 04.09.20 at 12:07 am

SoggyShorts, you out there?

I’m expecting some cracks in the US rally soon, so will be taking profits tomorrow on stocks bought at the low- might sell up to 50%. Then will be back on the hunt for blood.

—————

Oh man thanks for the invite, but my gut can’t handle market timing (nor could my marrige I think)

—————

Well, I won’t be taking profits today with the continued rally.

Your market timing comment also made me rethink, since I’m all about great companies over time, which these are, rather than the quick win. Just got excited. Thanks for the inadvertent reminder!

My investing story for this downturn isn’t straightforward, so gains or losses wouldn’t make sense without explaining this sequence:
-Originally purchased $10k APT at 1.17 in 2009
-Second purchase $100k at 5.4 in Feb 2020
-First sell of 50% around 30
-Closed out position around 12
-Redeployed $700k (APT returns plus cash on hand) as markets tanked, with about 30% at what may turn out to be the bottom in IEP, BRK, SOM.L, GEO which average 36% up since then

About half was done in tax-advantaged accounts since the original purchase was in RRSP. Maybe the non-reg gains will end up being offset by other losses in the end. We’ll see.

So overall, my portfolio picture is convoluted. Up about 8% for the year so far, with some hefty drops on other individual stocks, especially oil.

I’m pretty sure Tater will let me know I’ve done it all wrong… because charts… and graphs…

#264 Sold Out on 04.09.20 at 12:07 pm

#263 Lambchop on 04.09.20 at 11:44 am

Now that I type that out loud, it’s really very sad. Women have not progressed very far at all and still require constant approval and reassurance.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Says the conservative guy who boldly steps into a right-wing echo chamber, and bravely spouts the party line.

If all you attract are these women you describe, aren’t you the common denominator, and therefore the real problem? Perhaps you prefer to single out women with low self-esteem, as they are the only ones who’ll put up with you.

Grownups who continually find themselves in unhappy circumstances usually look to themselves for answers; children just blame everyone else.

#265 Sail away on 04.09.20 at 12:16 pm

#261 Damifino on 04.09.20 at 11:34 am
#175 Not So New guy

So talk of a debt jubilee is gaining momentum:

————–

Not so much among the lenders.

————–

Haha. That’s like the 1%-er protests a few years back, when the supposedly disenfranchised took to the streets to DEMAND a share of the wealth. Fools.

#266 The Mandrake Mechanism on 04.09.20 at 12:23 pm

Brian T #212 – that link went to the AC/DC video that has over 22 million hits. Amazing.

The Canadian government debt, commonly called the “public debt” or the “national debt”, is the amount of money owed by the Government of Canada to holders of Canadian Treasury security.

According to data from Statistics Canada, net debt as of March 2019 was approximately CAD$768 billion.

#267 LP on 04.09.20 at 12:35 pm

Lambchop & Brian T

I was having a really great day until reading the posts from both of you. What a discouragement! Two steps forward, then 5 steps back with people like you.

F72ON

#268 Suburban Bob on 04.09.20 at 12:47 pm

In light of everything else, this story is a pretty scary insight into the tech connections we are all relying on so much more now.

https://kitchener.ctvnews.ca/blackberry-uncovers-china-backed-hacking-campaign-1.4886987

If we can mobilize everything to fight a virus so massively, we better do it for the internet as well.

#269 Faron on 04.09.20 at 12:49 pm

#211 SoggyShorts on 04.09.20 at 7:03 am

All stock tho, not balanced. Not worried at all.
***********
YTD not Inc dividends
SOGG -13.26% 100/0
VEQT -14.28% 100/0
VGRO -11.79% 80/20
VBAL -9.01% 60/40

———————————————-

Wait, VGRO and VBAL are not “all stock”, or are you just tracking these?

I’ve been dumb and pessimistic so am missing some of the upside by dipping in and out. Didn’t see the additional 2+T fed backing coming. I guess that’s why you don’t try to time the markets…

#270 Raging Ranter on 04.09.20 at 12:52 pm

BANNED

#271 Marco on 04.09.20 at 12:55 pm

#190 Karlhungus on 04.09.20 at 12:27 am
The world needs to punish China. This is starting to get out of hand. how are open wet markets still allowed there? SARS, bubonic plague, covid19 , Spanish flu, the list goes on and on. It all originated in China

Well, that is why Spanish flu is called. Because it originated in China. Vent you wrath on coward Trudeau,
landlords.

#272 not 1st on 04.09.20 at 12:58 pm

Coronavirus could push half a billion more people into poverty globally, UN warns

https://www.cnbc.com/2020/04/09/coronavirus-could-push-half-a-billion-people-into-poverty-globally.html

#273 Abc123 on 04.09.20 at 1:15 pm

Yes recovery for the stock markets is well underway. Recent losses in financial markets will be returned to investors over the next year or two .

I stand by my preference for RE still. No price declines in the GTA , just sales volumes ( who cares) and when recovery is clear to everyone , prices have nowhere to go but up.

Add in all the government help in the RE space in one form or another and be grateful that you own a home( if you do)

#274 dd on 04.09.20 at 1:29 pm

Wonder if the TFSA will be taxed after this is al said and done

#275 Lost...but not leased on 04.09.20 at 1:37 pm

#240 Sky

Some have waited in pain for years here in BC for necessary treatment. They just kicked a guy in his 30’s out of the Prince George Hospital. He woke up paralyzed on one side of his body. Doctors suspect ALS but don’t know for sure because they cancelled all his tests (scans, neurologist, etc) and sent him home to stay with his girlfriend. What a sadistic fraud all of this is.

===========

REQUEST:

Do you have a link to this story?

That’s the gist I am getting…..they are clearing out hospitals to make way for the COVID 19 ” tsunami “.

#276 Not So New guy on 04.09.20 at 1:39 pm

They keep calling this whole virus event a war. Maybe it is. Maybe they are at war with us and they are just waiting for us to clue in

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

#113 Doug t on 04.08.20 at 7:47 pm

There is SO much wrong with the way this is all playing out – WHY are countries/governments around the planet taking these HUGE measures when the #’s just don’t justify it.

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

I think it is because the power players that pull all the strings of the media and the government behind the scenes are all over 60 and they are a little bit nervous

#277 Not So New guy on 04.09.20 at 1:47 pm

#261 Damifino on 04.09.20 at 11:34 am

#175 Not So New guy

So talk of a debt jubilee is gaining momentum:
—————————–

Not so much among the lenders.

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

Don’t be so sure. Many in the crowd are already sharpening their pitchforks and others may just drop the house keys off and walk.

When a few million are in that kind of mood the lenders can be very agreeable. It sure beats hanging.

They all know the system is ready to lock up. There is no way Trudeau would be writing $200 billion checks if he weren’t very afraid

Bankers aren’t playing with their own money anyway so giving them 30 cents on the dollar lets them reset the game and rope in a whole new group of suckers

#278 Lost...but not leased on 04.09.20 at 2:00 pm

#214 Toronto_CA on 04.09.20 at 7:59 am

Why do you think the greatest generation fought those wars? So we could all huddle in fear locked away in our houses for fear of arrest or harassment?

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

Umm…errr..well.
Hate to be the bearer of bad news…but I often submit the point:

“ALL WARS ARE BANKERS WARS ”

Watch the video “In The Shadow Of Hermes”…NYC bankers funded the Bolshevik Revolution, because they feared Russia was taking the lead as an economic powerhouse.

They also created the PRIVATE “Federal Reserve” in 1913.

Every war…has had the backing and blessing on Banksters.

Many who have followed this bankster underbelly do not find this COVID 19 as a surprise at all…its almost “on time.”

Their goal for centuries was to wipe out the Middle Class, and plunge the world into Global One World Gov’t.

As it stands….they have us, on a global scale, in mortal fear of something that we can’t see and evidence shows doesn’t even exist.

Look at Bill Gates…major warning sign(somehow now the THE top medical expert) rubbing his hands in glee.

#279 Lost...but not leased on 04.09.20 at 2:28 pm

DELETED

#280 Orange Man....Orange on 04.09.20 at 2:29 pm

#162 Sold Out on 04.08.20 at 10:13 pm
#142 Orange Man….Orange on 04.08.20 at 9:07 pm

I’d normally suggest that you return to your alma mater and demand a refund, but Trump U alumni are SOL.

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

I see that you’re unable to find fault with what I said and stooped to a personal attack. Instant win for the Orange Man.

Thanks for comin’ out.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Actually, if your 4 year certificate at Trump U had imparted the skills necessary to decipher the English language, you would have recognized that my slight was against the value of the education provided to you.

But if you are so eager to take personal umbrage, I’m happy to question your intelligence, motives, and just how closely your parents were related.

_____________________________________

I’m always amazed at the progressive/liberal/democrat propensity to show their tolerance by hurling insults. It seems like their tolerance applies to everyone in the world except those they disagree with. Why is that??

Two to zip for the Orange Man.

#281 Fused on 04.09.20 at 2:40 pm

#276
I do not understand why they are clearing out the hospitals for the wave of cases, because when you get sick they just send you home to die. Look at all the deaths in the care homes, also why are the medical authorities just letting this virus run its course?
Another question is why has the family of the 47 year old care worker not succumb to the virus since they were in very close proximity to him throughout his demise?
How are all the care home workers not succumbing to their untimely end being in an environment flooded with the virus?
When over twenty people in a facility die of the virus you know it is everywhere, how do you not get sick since it is obviously spread by close social contact.

https://vancouversun.com/news/local-news/covid-19-richmond-man-who-died-at-home-leaves.

You see medical help is just a phone call away

#282 unbalanced on 04.09.20 at 2:46 pm

A very religious person I know said this is God’s cleansing of the world.

#283 conan on 04.09.20 at 2:51 pm

#263 Lambchop on 04.09.20 at 11:44 am

Someone lives in a one horse town.

#284 Sold Out on 04.09.20 at 3:04 pm

#111 Orange Man….Orange on 04.08.20 at 7:41 pm
I chuckle at people who claim that “TrumpPills” are unproven. I’m quite certain that the ones that demand “proof” have no clue about statistics and what goes into “proving” something statistically. There are many different statistical “tests” to mathematically establish the strength of various postulations. Some were very useful, others less so.

The most powerful “test”, our stats prof taught us, was termed the “Intra-Ocular Impact Test”. It meant that if something hit you between the eyes don’t bother doing any more statistical analysis.

WRT to “TrumpPills”, people who are very sick or dying tend get well quickly.

If that doesn’t hit you between the eyes then trying to weasel your way out by demanding statistcal “proof” only means you have another agenda and it ain’t saving lives.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

I have reproduced your original, unsupported statement. It barely qualifies as an anecdote, let alone proof of anything other than an unclear understanding of both ‘proof’ and ‘stochastic methodology’.

Your opinions are just that; unsupported by evidence, fact, or professional medical opinion. You’re entitled to your own opinions, but not your own facts.

By the way, intra-ocular means “within the eyeball”. You were probably looking for “infra-ocular”. It’s hard to keep those terms straight when you’re inventing anecdata.

Keep up the winning, sport.

#285 oh bouy on 04.09.20 at 3:23 pm

@#194 Steve French on 04.09.20 at 1:49 am
____________________________________

think you’re on the wrong site frenchie.

this might be the blog you’re looking for
https://www.bsfinternational.org/

#286 BrianT on 04.09.20 at 3:30 pm

#281Orange Man-40 years ago the left wing liberals were the most open minded people you could meet-they were open to discussion on everything and they actually could be accurately described as “liberals”. In 2020 the left has become the biggest supporter of authoritarian government control, censorship and thought crime. Any discussion devolves into a personal attack because the modern left does not support anyone questioning authority-whether it is the current globalist power structure, the deep state, Communist China or even Islam (which you cannot even mention without triggering the left of 2020).

#287 Mininna on 04.09.20 at 3:50 pm

re: “Feel lucky if you’re a teacher on full pay with no students”
If there such a thing? All the post-secondary teachers I know–and I know many–are now teaching on-line. Yes, I’m sure all these teachers are grateful to still have paycheques, but they’re working for them.

—————–————

Is that right?
As a parent who has been forced to shut down my business, lay off my entire staff, and live on gov handouts, I can tell you that the teaching has been left largely to the parents. Yes, the teachers are putting up assignments, which mostly consist of online resources/videos, etc. However, the teaching is no longer being done by the teachers.
We are left scrambling, trying to make extra money to pay our now unaffordable bills, with the added stress of what looks suspiciously like home schooling our kids.

All while our teachers get paid, and we try not to sink into debt. Good deal.

#288 Seb on 04.09.20 at 4:10 pm

Also very interesting that no one is talking about “flattening the curve” of deaths due to economic shutdown over the next few years and how that will also overwhelm healthcare resources. I would like to see some modeling of that from the WHO, CDC et al. and see that weighed against these projections being asserted by the government and their propaganda bullhorns.

#289 Man on fire on 04.09.20 at 7:17 pm

So hard to listen to the stories on the CBC, regular Canadians are going to be in pain financially for a long time.
After the curve is flattened, I hope that there is world wide push to flatten China, economically and perhaps militarily if necessary.

#290 Man on fire on 04.09.20 at 7:31 pm

273 not 1st on 04.09.20 at 12:58 pm
Coronavirus could push half a billion more people into poverty globally, UN warns

https://www.cnbc.com/2020/04/09/coronavirus-could-push-half-a-billion-people-into-poverty-globally.html

Just send China the bill for all of this, that 1.7 trillion that the USA owes China? Kiss it goodbye. Also Haiwae, No longer welcome in Canada and elsewhere

#291 Axehead on 04.09.20 at 8:45 pm

Garth, that pic broke my heart.

#292 Sky on 04.09.20 at 10:37 pm

@ #276 Lost…but not leased

REQUEST:

Do you have a link to this story?

That’s the gist I am getting…..they are clearing out hospitals to make way for the COVID 19 ” tsunami “.
*****************

The site I read that on has a horrible archive. But I did a general google search and here you go :

“Patient sent home as Prince George hospital overrun with fear”

https://www.castanet.net/news/Kelowna/280091/Patient-sent-home-as-Prince-George-hospital-overrun-with-fear

Made me sick, that story.

#293 Tiger 1960 on 04.09.20 at 10:51 pm

232 farts
If I ever meet you in elevator you’ll never leave that elevator you’re a disgusting human being

#294 Sail Away on 04.09.20 at 11:06 pm

#297 Tiger 1960 on 04.09.20 at 10:51 pm

232 farts
If I ever meet you in elevator you’ll never leave that elevator you’re a disgusting human being

———————-

Whoa tiger! My 6’7″ biker buddy, Gooch, is a good friend of Fartz. Gooch always leaves the elevator, but he unfortunately has a propensity for violence… and fake tough guys like you.

#295 Aidan Gannon on 04.10.20 at 12:54 pm

Thank you for posting the Turner Investments Client Call every week. It would make a great podcast.