Turning off the economy has killed demand for energy. So oil tanked. That crashed bond yields. As a result mortgage rates are cratering. But so is the housing market. And thus, we’re in a vicious virus circle.
Remember these days. They’re historic.
A five-year government of Canada bond has never paid less than now – below a half of one per cent. A barrel of oil never before traded for less than nothing, as it did Monday. The longer that economies are hobbled, the more profound the impact will be.
Here’s some evidence from the nation’s heartbeat housing market, where prices and rents have already started to descend. The average Toronto property fetched $931,788 in the early weeks of last month. By last week that was down to $819,665 – a decline of $112,000, or 12%.
Sputtered the real estate board: “Home buyers and sellers have concerns about the economy and indeed their own employment situations. On top of this, many buyers and sellers are avoiding any type of in-person interaction.” The realtors have added that things will likely get worse (or better, if you’re a buyer), thanks to the naked fear that’s been ingrained into society.
Downtown broker Stephen Glaysher gives us more. Sales from March until now have fallen 85%. Condo sales have crashed 73%. Leases are off 69%. Prices and rents are both fading.
“Listings have also slowed during this same period, but sales have fallen faster. Now we are starting to see a build-up of listing inventory. Buyers are sensing that prices will soon fall. How far prices will fall depends on two factors: how long will the stay-at-home mandate last and how long can some owners keep their properties? We are not medical experts, but our guess is that one should plan on mid-June for a limited opening. The second question is harder to guess. If owners have enough equity in their property, then lenders will be happy to defer or restructure payments and add them to the back end of the mortgage balance. And with courts being closed, for now, any foreclosure or power-of-sale orders are at least a year away.”
How sad is that last comment? This realtor also says a lot of tenants will miss making their rents over the next couple of months, which will squeeze landlords – many of them already in negative cash flow. And there is no recourse. “It is true that tenants can stop paying rent and not be evicted. The Rental Tribunal and Small Claims Court have been suspended with Covid-19 and with the back log, our guess is that the catch up will take a year.”
As discussed here yesterday, the debate now is between those who think governments are correct to keep people at home until Covid goes away or a vaccine emerges, and those who fear long-term economic destruction and wish to manage their own risk. After all, they ask: if Costco can open without everyone getting infected, why shutter all those other businesses and offices?
Well, the answer is above the pay grade of this pathetic blog. But the question needs to be debated. Sadly, we have a dearth of politicians with the courage to do so. As stated, this is historic.
* * *
Part of that history is understanding how something the whole world needs and consumes can become worthless. The oil crash and what it means was a focus of the call that my fancy, suspender-snapping Bay Street buddies (and weekend bloggers) Doug and Ryan and I had with clients last night
You might be interested. Here it is.
Turner Investments Client Call, April 21, 2020:
.mp3 Audio Format – OR – .m4a Audio Format
.
Finally, this.
On the weekend a monstrous man shot, burned and slaughtered his way through rural Nova Scotia, in the guise of a trusted RCMP officer. The rampage took hours. During this dark time there was no emergency alert put out by the NS government telling people to take cover. As a result of not knowing about the gunman, lives were apparently lost.
The province, however, issued an alert during Easter weekend, setting off mobile phones everywhere with an urgent message about social distancing.
Total deaths in NS from the virus: 12
Deaths in NS by shooter: 23
Have we lost our way?
324 comments ↓
Costco being open will result in the spread of the virus, but the deaths from that will be less than if all grocery stores closed and everyone starved.
Deaths in NS are less than the gunmen because the economy is shut down. If we went the way of Italy, they would have been much higher.
Hindsight is always 20:20
The alerts, timing when it’s proper to send them and the discovery of the chaotic unfolding events… we could only guess what was happening or not hour-by-hour, minute-by-minute with police forces and those tasked with decision making.
And when they send Amber alerts to bedside phones while people are sleeping it really pisses people off…
The rental vacancy tsunami in Toronto is truly something to behold.
According to Bungol, just in the past 24 hours there were:
– 170 new vacancy listings
– 15 newly rented (i.e. tenant found, listing removed)
The geographical boundaries for these figures equate to most of the 416.
Caveat – some of the “new” listings are obviously just relistings that weren’t filled (and usually feature price decreases), so the imbalance isn’t quite as stark as these numbers would have us believe. But still, good to be an apartment-hunting renter in Toronto right now.
Thank you for the post Garth.
What is at issue is clarifying why patients get a cytokine storm. Having breath shortness itself is not daunting unless the immune system goes into hyperdrive. It is unclear why the immune system does this, the etiology. In bats with Covid 2, first a wall of interferon is started. Next the immune system observes the Covid 2 invader and calmly tells the Covid 2 that we are going to exist and then I will slowly annihilate you. In the cytokine storm the immune system isnt patient and it is this that is the key reason why things are locked down. There are known substances that may enhance cytokine storm through enhanced immunity and others that enhance immunity without cytokine storm. Vitamins C and D3 enhance immunity and should lower chances of cytokine storms. At least in Chinese trials with vitamin C shortness of breath was lowered in hours with infusion intravenous of vitamin C. And by mouth oral vitamin C is similarly effective.
Vaccines are certainly needed. It seems unlikely they will provoke cytokine storm and may enhance immunity. In the past any exposure to flu like illnesses would provoke some type of mild long term immunity. Whether other viruses histories are applicable to Covid 2 is unclear.
It seems that Costco and other businesses are implementing good models to protect everyone. Social distancing, and being cognizant not to touch things you are not thinking of buying. The key issue is to lessen spread by operating a business like a hospital with droplet precautions in place. You wear a mask, wash hands, dont touch your face, and keep distance so the patient doesnt breathe on you. Given that Covid 2 is a heavy hitter, vaccine or not, likely the next step will be understanding the cytokine storm and eliminating that as a problem.
The issue is not the businesses being open and people operating. The real issue is the incessant nonsense travel that people do. In the past such a problem as Covid 2 wouldve been contained as the ability to get from here to there was limited. Last night there were planes overhead in NW Calgary. I remarked to my daughter “who the hell is out there flying around again?” Each year in the winter there is some type of weird influenza brought across the ocean by idiot travellers who just are not understanding the disruption of these actions. This of course for Covid 2 is assuming that Covid 2 is not in fact a bioweapon specifically developed for this purpose, bats have been eaten for a long time.
Both the Covid 2 and the shooter illustrate incorrect thinking patterns at all levels both long term and acutely: 1)People dont need to be travelling everywhere all the time. 2) People dont need to be eating exotic inhumanely prepared animals. 3)If countries want to fight each other, nuclear weapons with unstable isotopes or bioweapons are not allowed. 4)People should learn to budget and buy what they need and a little of what they want. Materialism as an end in itself is death. 5) Feeling that you have been done wrong and deciding to repay the favour by shooting people is totally incorrect. It is better to disconnect mentally and do something else with your anger. Play chess. Lift weights. Pray. Exercise. Something. Others are not responsible for your self talk and assessment of the situation.
Thanks again for the post. Say hi to the guy that yells when you walk. Happy wednesday!!
In terms of the economic consequences, we were needing a big reset anyway (asset prices artificially high, unsustainable debt) so this might finally do the trick.
I would expect that the earliest the government would begin to lift the current lockdown is when the current border closing with the USA ends. This presumes that the number of infections/deaths have dropped enough by then to support doing this as well.
As for the NS massacre, sincere condolences to the families & friends of the victims. As to why an alert wasn’t sent, I’ve little doubt that most have read the same speculative headlines. Sad to say, such speculation has reason to exist.
As a follow-up to my post on yesterday’s blog entry,
#257 Lahdeedah on 04.22.20 at 11:37 am
Neiman Marcus on the brink of bankruptcy – yet another company that has been over-leveraged, over-indebted by parasitic, equity-sucking private equity management. Just like Forever21.
Perfectly good company. Terrible management by vampiric private equity companies that suck out all the equity as “profit”, over-leverage the assets, and then try to sell it off to someone else (greater fool style) for further “restructuring” and outsourcing to China.
This kind of private equity activity doesn’t help the ‘economy’ one bit. There will probably more of these over-leveraged companies surfacing to entertain bankruptcy, now that their vampiric owners have sucked them dry and they cannot survive in this covid era because they were already overly indebted.
You’re talking about regular folks doing this to themselves – what about the corporate class who do this as a way of business? To even more destructive ends? This is already costing tens of thousands of jobs. And who keeps the juicy profits? The private equity firms, and the law firms and consultants they work with to manage the ‘deal’.
https://finance.yahoo.com/news/know-neiman-marcus-potential-bankruptcy-200853233.html
– – – – – – – – – – – –
…I’ll add this –
“Private equity (PE) firms often gain control of companies like retail chains by using high-risk leveraged buyouts before extracting money from the target firms. The purchased retailers are forced to pay millions in fees, take on massive debts, and often even borrow money to pay dividends to the PE firms that seized control. This puts the viability of the stores and the livelihoods of workers at risk in order to deliver vast wealth to a tiny handful of PE executives.”
https://www.forbes.com/sites/mayrarodriguezvalladares/2019/11/14/significant-retail-job-losses-at-private-equity-backed-companies-should-worry-us/#9e6093951286
Forget about the little guy and his consumer debt and appetite for real estate.
Let’s talk about the *systemic debt* of hundreds of private-equity-owned retailers across North America and beyond, whose closing doors means tens of thousands of jobs lost, people out on welfare, families in distress. And now throw in covid to the mix, and accelerate that precarious state even further.
Let’s have a blog post about that. Let’s talk about how parasitic private equity firms, backed by the banks, are setting up business to fail, so they can suck out the profits like vampires, and then toss the dry husk of the host away to bankruptcy when they are all done drinking.
They are the ones outsourcing all the manufacturing jobs to China, so they can sell the *SAME* product with a much higher margin, meanwhile eliminating jobs at home.
They are the ones ‘restructuring’ companies to fire employees and serve them up to the next foolish buyer, whilst paying themselves huge salaries and dividends.
If anyone is to blame for this state of hyper-inflation and indebtedness, its the banks, and private equity firms. Period.
Not the little guy who is trying to survive in a state of hyper-inflation, the same guy who buys a $59.00 sweater that actually costs $5.00 to manufacture in China.
The little guy who is being given loans like they are crack cocaine, by the dealer banks. Oh, you want a little more debt? Yummy? Lol, here, here’s some more debt, now you’re an addict and I’m your dealer, and I control the system, and make sure you buy $5.00 sweaters for $59.00.
Let’s zoom out for a bit and look at this in a ‘big picture’ frame rather than zooming in at the granular consumer who is merely a pawn in the game.
I am in agreement we need to unwind the existing lockdown strategy. The problem is how to do it without creating a hunger games type results.
One commentators ideas on how to reopen the economy.
https://www.washingtonpost.com/business/2020/04/22/right-way-reopen-economy/
And no, covid 19 is not just like the flu. A good news site is: https://www.statnews.com/tag/coronavirus/
#227 Penny Henny:
“Sorry Ace you are off by a fair bit. Last year that house would have pulled $1,100,000 easy.
I know the area extremely well. Played lots of road hockey there and still have family on that block, I watch what every house on that block goes for.
Hey LP, is that the block where your grandfather lived?”
You are probably right. This is very depressing. Even during a global pandemic, caused by an RNA virus that now has over 30 known strains, each requiring their own vaccine (and many more strains to come), the pinnacle of millionaire life in the far flung, sleepy Toronto suburb of Bloor West Village (if this house can even be said to be in Bloor West, it is quite the hike from the shops, restaurants and subway stations), is THIS house.
I am one of the few people who actually have 1.2 million dollars and could buy this house. Thinking about coming down that narrow staircase each morning, into that pieced together kitchen, looking at the weird arch over the front half of the living room, the dining room window that looks directly into the neighbour’s dining room, hearing the neighbour’s kids in the semi next door banging around and yelling and screaming, as I enjoy my morning coffee on this depressing, middle class working street, makes me want to vomit.
I guess I should be thinking about calling up MTV’s “Cribs” and asking them to come check out how Toronto Millionaires’ roll in their fancy pads?
House shopping anywhere in Toronto is just too depressing.
I cannot imagine giving someone 1.2 million dollars for that pile of caca.
Oh, and if anyone is thinking of investing in ETFs that track oil futures, do not do it. Bad situation. Many of these funds are going to zero.
Stick a fork in this country cause it’s done
You are equating a bunch of cops scrambling to stop a mass murderer in the middle of the night not stopping to text everyone who is asleep to issuing a press release on a broad based social issue in the middle of another workday? Wtf?
The RCMP used its Twitter feed during the event, which proved ineffective in reaching people since this does not trigger a mobile phone alert. Meanwhile employing an emergency alert system to tell people to social distance (which is not an emergency) seems a failure of common sense. This should be obvious. – Garth
As stated, this is historic.
And as expected, this is intentional.
Those who are turning the screws aren’t quite done yet.
When we get to the brink–when enough wealth has been ‘eliminated’ (transferred), when enough fear has been stoked, when enough new powers have been granted–the restrictions will magically lift, and the risks will magically become to so many, acceptable.
And lo, the Sheeple will proclaim with bleating glee:
“Be thankful and rejoice! for it would have been so much worse had we opened but a moment sooner, and thus this proves they were right to warn and we were right to fear, cower and hide!”
And the next generation born into this will grow up not knowing any other way or world, because only a fool would study and learn from history.
Have we lost our way ? Rhetorical gallows humour right ?
#2 BlogDog123 on 04.22.20 at 1:02 pm
Hindsight is always 20:20
The alerts, timing when it’s proper to send them and the discovery of the chaotic unfolding events… we could only guess what was happening or not hour-by-hour, minute-by-minute with police forces and those tasked with decision making.
And when they send Amber alerts to bedside phones while people are sleeping it really pisses people off…
/////////////////
Sorry but if there ever was a time for the Emergency Broadcast System to awaken those in the middle of the night then it is a situation like this or a tornado.
RE: After all, they ask: if Costco can open without everyone getting infected, why shutter all those other businesses and offices?
========================================
I am surprised at the number of places that are still open here in BC. Garden centers, lumber yards, paint shops, Equine supplies, etc. If a businessman is smart, and sets it up right in regards to customer/employee isolation, they can remain open and still make money. Everyone needs to adjust to the new reality.
Not going to try to defend the NS govt’s response to the shooter as I don’t have the details. I am aghast at the death toll and how long it took to bring this guy down. However, I would like to point out that your comparison of responses is flawed.
1. Yes, only 9 deaths from COVID-19… so far.
2. One could argue they are that low because of the measures taken, including those admittedly annoying social distancing alerts.
3. Epidemics can be modelled and predicted. Random shootings? Not so much.
The post raised none of these issues. Rather: the duty of a government to warn citizens of danger, not to try and modify their behavior, with the emergency broadcast system. – Garth
#4 calgary rip off on 04.22.20 at 1:13 pm
—————
Great comment!
I would like to see a column where Garth plays Devil’s advocate and describes the benefits of rampant consumerism and majority high personal debt load.
This is what keeps stocks high and the economy moving along.
If a lot of these spenders were instead savers how would things be?
@ Burnaby:
Seems to me that so far the flu is worse than Covid-19.
Mind you we have not seen the end yet.
These stats are directly from:
https://www.hopkinsmedicine.org/health/conditions-and-diseases/coronavirus/coronavirus-disease-2019-vs-the-flu
Infections
COVID-19: Approximately 2,580,729 cases worldwide; 825,306 cases in the U.S. as of Apr. 22, 2020.*
Flu: Estimated 1 billion cases worldwide; 9.3 million to 45 million cases in the U.S. per year.
Deaths
COVID-19: Approximately 178,371 deaths reported worldwide; 45,075 deaths in the U.S., as of Apr. 22, 2020.*
Flu: 291,000 to 646,000 deaths worldwide; 12,000 to 61,000 deaths in the U.S. per year.
#9 Ace Goodheart on 04.22.20 at 1:26 pm
#227 Penny Henny:
If you like that house then take a look at this.
Are we surprised it’s being floated by Frank Leo, #1 Real Estate Agent? What is he thinking? Seriously. This is not worth $1.3 Mil. Try $750K at best.
https://www.realtor.ca/real-estate/21771152/109-grand-ave-toronto-stonegate-queensway?fbclid=IwAR2bzY9YVvHUbAN4x_LNlpAGbMR-p0MJKZvi6kTXHWWIpNjZHDomcGqPE2Q
Sometimes the word ‘apparent’ isn’t correct and may even sound insensitive:
“As a result of not knowing about the gunman, lives were apparently lost.”
Take the word apparent out of this sentence as lives were lost, period. Words and their power…
Seattle is already discussing opening up their economy, like next week. Sweden hasn’t even closed, Iran threw in the towel and said the economic price isn’t worth it. Ill not even mention the southern states.
Meanwhile in Canada, everyone is supposed to hide in the closet with a bag over their head, just in case. Its not worth the risk and we cannot come out until there are zero new cases, plus an additional month, just to be safe.
I’ve stopped exercising, been eating nothing but chips and might take up smoking while I sit in my closet for the next 3 months, hospitals are empty so maybe if I have a heart attack I can get out of the house and get some free meals.
Good thing we are saving the heath care system from actually having to be anywhere near capacity. Something like 15 out of 1500 ICU beds in Alberta being utilized, better add more restrictions! Who cares about the resulting mental and other health issues.
Sir Garth:
Yes we have lost our way. Today, PM Socks, came out announcing that the Federal Government will hire 76,000 student workers this summer. 76,000 more votes for PM Socks in the next Federal election, at tax payers’ expense. While we need to bring in 10s of thousands of foreign workers to support the agricultural sector. Picking apples, and shoveling grain, is beneath our University Students? The food supply chain is under stress because we cannot find workers.
https://www.theglobeandmail.com/business/article-canadas-food-supply-at-risk-as-pandemic-tightens-borders-to-farm/
Canadians will return to work when the risk/reward equation resolves in their favour. There will be no Hunger Games scenario here, as there will likely be in the US.
Inequality is the difference between the respective national outcomes to this crisis, and the US will pay heavily for their divisive climate. It should be an international embarrassment, not something we should emulate.
https://www.theguardian.com/business/2020/apr/22/top-economist-us-coronavirus-response-like-third-world-country-joseph-stiglitz-donald-trump
I believe it was the always thoughtful Non-plused who said that currency strength is predicated upon production of goods and services equal to the currency’s value (forgive me if I mangle your thoughts). If this is correct, what are we to make of stock valuations prior to the current crisis. There seems to have been no correlation between stock prices and increased production.
Why should the wealthy, who typically own these assets, enjoy one set of beneficial economic “laws”, while the riff-raff labour under a distinctly different set, much to their own detriment?
Piketty is correct. Bring on the revolution, and one-world government. The damage done by Trump and his ilk will take generations to overcome.
The gods of the money world initially thought they could overrule nature’s cycles esp. the act of economic deleveraging (down portion of a cycle).
The Fed tried to reduce its balance sheet (GFC1, dot com bust etc) in 2018. However, the economy then began to waiver and they retreated. Restated: Their acts of obstructing natural economic cycles prevented their very own deleveraging.
Note: There was and is little structural growth from Fed monetization. Just greater asset and debt bubbles.
How much more so today (GFC2) with financial assets bloated to 330+ trillion dollars and total U.S. debt now 75+ trillion dollars.
Markets and therefore the economy are now entirely dependent on cheap money. Any meaningful rise in rates today, tomorrow and in the future would crush the world economy.
The Fed is clearly trapped. Deflation (stagflation) for some period leading to hyperinflation causing the central bank system to self destruct (2022?)
Dormez-vous d’un sommeil léger ?
imagine a storm like harvey or any storm and sheltering people + virus?
South Florida has been sizzling in recent weeks, with a slew of new record high temperatures, and a record for the number of records being smashed.
There’s something else heating up: the ocean. And that could be bad for hurricane season.
https://www.wlrn.org/post/south-floridas-spring-steamy-record-breaking-mess-hurricane-season-not-looking-good-either
https://www.thebalance.com/hurricane-harvey-facts-damage-costs-4150087
https://www.usatoday.com/story/news/nation/2020/04/02/hurricane-forecast-2020-eight-hurricanes-predicted-form/5110828002/
the truth more than ‘hurts”
FRONTLINE’s First Major Documentary on COVID-19 Premieres Tonight
We had a game plan in place already,” Dr. George Diaz, who treated patient one, tells O’Brien.But, as tonight’s report details, in those critical first weeks, that sense of urgency and alarm wasn’t being expressed by President Trump and his administration, which continued to insist that the risk was small.
Coronavirus Pandemic traces the halting federal response, identifying early warnings and missed opportunities to potentially save lives as the outbreak spread — from the failure of the Centers for Disease Control and Prevention’s COVID-19 test, to an ongoing struggle for critical medical and protective equipment that some officials liken to the “Hunger Games.”
But em mr. barr said we get those profiteers
https://www.pbs.org/wgbh/frontline/film/coronavirus-pandemic/
bidding wars for ppe…. from the auctioneer’s mouth
13 Investigates obtained copies of the email correspondence between Jean-Pierre and Rose McCallister, an employee of the Northern Indiana VA system who GSA listed as the contact for the auction.In that email exchange, McCallister informed Jean-Pierre, “There are eleven total pallets with small, medium, and large” items. She said, “The pallets with Medium PPE Kit have disposable face shields” [sic] and “I will confirm approximate total of 700 boxes when pallets are staged for shipping.”
The information provided by McCallister is inconsistent with Sharpe’s claim that PPE items were removed from the auction and only PAPRs, filters and hoses were sold. Jean-Pierre says 20 PAPR kits would not fill 11 pallets and account for 700 boxes worth of protective merchandise, and he told 13News that McCallister never mentioned anything about items being removed during the listing during their multiple e-mails.
northern indiana selling ppe kits to auction ….
Doctors say state order allowing transfer of nursing home residents during pandemic could be ‘disastrous’
https://www.wthr.com/article/doctors-say-state-order-allowing-transfer-nursing-home-residents-during-pandemic-could-be
https://www.wthr.com/article/va-hospital-denies-auctioning-valuable-ppe-mounting-evidence-suggests-it-did
#9 Ace Goodheart on 04.22.20 at 1:26 pm
Oh, and if anyone is thinking of investing in ETFs that track oil futures, do not do it. Bad situation. Many of these funds are going to zero.
Thanks for the fortune telling.
Unlike you, I’m a mere mortal and not in possession of any 6th senses, and so can’t see the future.
I can only extrapolate.
That’s why I bought $10k of Canadian energy ETFs first thing this morning.
I’m not reckless of course – I put in a 15% trailing stop order too. Prudence is everything.
But when the one substance that powers the world (and will power the world until either the world ends or we run out) costs less than the barrel it’s stored in, well, that to a guy like me spells opportunity that’s worth some risk.
I know next to nothing about investing, and less about oil markets, and could easily be wrong.
And Ace, so could you.
But I’d rather roll the dice than sit endlessly on the sidelines wishing I’d tried.
#7-Lahdeedah-Let’s zoom out for a bit and look at this in a ‘big picture’ frame rather than zooming in at the granular consumer who is merely a pawn in the game.
Excellent post! There’s not a single fair minded reader in the bunch who can dispute ANY of what you wrote. Unfortunately Garth’s entire business model is based on profiting from the big business schemes you outlined above, lest his balanced portfolio not perform. He’ll never address any of this, and never has.
Actually my business model is based on helping people achieve financial security, so they don’t whine and snivel. – Garth
#14 Penny Henny on 04.22.20 at 1:39 pm
#2 BlogDog123 on 04.22.20 at 1:02 pm
Hindsight is always 20:20
The alerts, timing when it’s proper to send them and the discovery of the chaotic unfolding events… we could only guess what was happening or not hour-by-hour, minute-by-minute with police forces and those tasked with decision making.
And when they send Amber alerts to bedside phones while people are sleeping it really pisses people off…
/////////////////
Sorry but if there ever was a time for the Emergency Broadcast System to awaken those in the middle of the night then it is a situation like this or a tornado.
___________________________________________
Agreed, this should have been a SOP for them. It may have made a difference. Not a Social media feed like Twitter! Not everyone has the little bird on their phone.
#24 Sold Out on 04.22.20 at 2:00 pm
Canadians will return to work when the risk/reward equation resolves in their favour. There will be no Hunger Games scenario here, as there will likely be in the US.
Inequality is the difference between the respective national outcomes to this crisis, and the US will pay heavily for their divisive climate. It should be an international embarrassment, not something we should emulate.
—————–
You do you, SO. I’ll continue to bet heavily on the US.
In a year or so, come by the plantation and I might be able to offer a job picking dog poop or digging fence posts or something.
The only inequalities between us will be wealth, means and influence.
Seen elsewhere. The anagram of ‘Social Distancing’?
‘Dissociating Clan’.
The spell of spelling.
#28 Mark Moretti on 04.22.20 at 2:12 pm
#7-Lahdeedah-Let’s zoom out for a bit and look at this in a ‘big picture’ frame rather than zooming in at the granular consumer who is merely a pawn in the game.
Excellent post! There’s not a single fair minded reader in the bunch who can dispute ANY of what you wrote. Unfortunately Garth’s entire business model is based on profiting from the big business schemes you outlined above, lest his balanced portfolio not perform. He’ll never address any of this, and never has.
Actually my business model is based on helping people achieve financial security, so they don’t whine and snivel. – Garth
– – – – – – – – –
Oh I am perfectly aware of the very strong personal biases that exist here ;)
No doubt some of those same private equity folks are his clients. They do walk among us. I used to work for them myself. Was like working for the Wizard of Oz – you finally see who’s pulling the big strings. Theirs is a very different world, I assure you. Me, I am but a mere pawn, but one with perspective.
My clients are families and individuals, not corporations, speculators, hedgies, investment bankers, traders, quants or private equity dudes. You may find it hard to believe, but average people can achieve financial peace. – Garth
#9 Ace Goodheart on 04.22.20 at 1:26 pm
#227 Penny Henny:
“Sorry Ace you are off by a fair bit. Last year that house would have pulled $1,100,000 easy.
I know the area extremely well. Played lots of road hockey there and still have family on that block, I watch what every house on that block goes for.
Hey LP, is that the block where your grandfather lived?”
***************************
to answer the question very late, #577 was right next door, attached to us. The family name was Kerr, many years ago of course. And I just flashed on a memory of climbing on the garage roof from the tree in the backyard where we spent many happy times singing every conceivable verse to “Found a Peanut” – too young to sing about bottles of beer on the wall.
#14 Penny Henny on 04.22.20 at 1:39 pm
#2 BlogDog123 on 04.22.20 at 1:02 pm
Hindsight is always 20:20
Sorry but if there ever was a time for the Emergency Broadcast System to awaken those in the middle of the night then it is a situation like this or a tornado.
********************************
Had the alert gone out suggesting an active shooter dressed as an RCMP officer in a car the majority of observers would have described as an official car, don’t you think there may have been more than 2 officers shot during those hours of panic? I don’t know the rationale behind not sending an alert, but neither do any of you who are not privvy to decision making. Why not let’s wait until we all hear the answer to the question before castigating people tasked with investigating the whole tragedy? And none of us, no not one, would want to be part of dealing with hurting families.
Condolences to all effected by the shooting incl veteran RCMP officer Heidi Stevenson. Thx to all frontline officers who put their lives on the line everyday. Boredom is a luxury. I’ll omit any view on gun control along with my theories and concerns and wait for more info.
Costco is open. Wait in line with 100-200 people for 40 minutes. Go inside. Walk by people. Touch products others have touched.
Golf courses, however are closed. So are hiking trails in BC. Playgrounds are marked off-limits with signs and yellow caution tape.
It’s legal to buy cigarettes, weed, alcohol, cars that can go 200+km/hr, but illegal to have some friends over.
Anyone arguing to reopen the economy is branded insane. Wanting people to die. Trump-esque.
No politician in Canada wants to argue to reopen anything. We are a nation of wusses. We can’t even have an open discussion about risk anymore.
Completely and totally my friend. The techno-social revolution is nearly complete, and it has achieved its purpose: brainwash the population into a bunch of zombie sheep, who spend more hours looking at curated content on their phone than looking at their children and doing reflective critical thinking combined. It’s the lack of generative though that has brought is here. We no longer think for ourselves- we just plug our minds into whichever pundit/critic/news source/twitter-warrior we feel most naturally drawn to and let them do the thinking for us. It’s just that much easier, strokes our dopamine receptors in all the right ways, and has ruined free thought.
Keep the lighthouse on Garth- we need people to continue to question authority and demonstrate there is another way.
#30 Sail away on 04.22.20 at 2:21 pm
You do you, SO. I’ll continue to bet heavily on the US.
In a year or so, come by the plantation and I might be able to offer a job picking dog poop or digging fence posts or something.
The only inequalities between us will be wealth, means and influence.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Well, I will confess to holding an ideologically repugnant 7-figure portfolio, and will benefit from any continued assault upon the working class.
That’s enough wealth, means and influence for me. I don’t require the subjugation of, or dominion over, those less fortunate to bolster my self-worth. But good luck with the plan.
“Have we lost our way?”
Except for when as a country we dared to do great and creative things and also when we walked the straight and narrow; we lost our way when the ink dried on the BNA Act. There is still much to correct.
Yes, I ask where are the bodies from these open businesses? We would hear about it because the media loves to report fear so where are the bodies then?
It is so obvious how wrong this was that this will now shift to politicians dragging this out longer so they can justify the massive stimulus. Otherwise if they “open” now what will happen to these programs? What will politicians look like if they open after only a few weeks even though nothing should ever have been closed.
Interesting facts on the news last couple days.
This virus just keeps getting worse. Up to 30%-50% of bad COVID-19 cases on ventilators also are suffering kidney failure! Besides ventilators, dialysis machines with experienced staff are needed. If these people survive, the recovery of kidney function is unknown as are the long-term implications.
To the woman protestor in the U.S. demanding her state re-open businesses and stating, “I’d rather die of COVID-19 than have my freedom taken away!”
I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
The Premier of NS stated that the province can only issue an alert when the RCMP provides the information to do so. The RCMP did not. I suspect it might have to do with the killer masquerading himself as RCMP causing total confusion.
My only investment in Canada right now is my utter contempt for Justin Trudeau.
I do agree that we need to start thinking about slowly opening up the economy in a smart way in those provinces where it seems under control (BC, Saskat, Manitoba, Atlantic Canada). Open a bit, wait 2 weeks, open a bit more etc..
For the past five weeks I must admit that we have not missed going out to eat, buying fancy lattes, lunch at work, shopping etc… Wife and I have been learning new dishes at home with the time saved from commuting, and this shared activity has been fun. I have done a few house repair projects over the weekends that I might have outsourced before, and haven’t spent a nickel on eating out in 5 weeks. It is a bit of an eye-opener to see what one really “needs” (rather than wants). Take the dog for a 90 minute walk-run through the forest at 7:30am, work from 9–6 online, 6:00-7:30 have dinner often creating a new dish, followed by some home-schooling, and every second night a 45 walk-run with the dog, then reading an hour before bed. No need to buy anything. Peaceful and easy to save $$$.
Weekend, spend some time facetime with friends and relatives, do virtual pub-quiz night on zoom with different couples to maintain some connection… no need for us to spend a nickel in local watering holes where a pint is $10 bucks. Miss a bit having people come over to visit, but that is it. Perhaps others will realize that as well that they don’t need to be a pawn in a consumer-driven society where people buy expensive stuff they really don’t need.
No need for us for Niemann Marcus, JCrew, fancy restaurants, or other high-end shops, or have a daily delivery by Amazon. Although I have always lived in big cities, so far we are living so far rather happily like one would do in a small town with less so-called amentiies. So far, so good.
My clients are families and individuals, not corporations, speculators, hedgies, investment bankers, traders, quants or private equity dudes. You may find it hard to believe, but average people can achieve financial peace. – Garth
– – – – – – – – – –
In all fairness, I believe you, Garth. And privately-held companies don’t have tickers on the public stock exchange, no. Let’s not get carried away here.
The point was to throw some light on the *institutional* addiction to pathological debt (rather than just flogging the little guy, as this blog often does), and the parasitic behavior of private equity firms and banks, towards privately-held companies that employ hundreds of thousands of regular folks, and who restructure assets and outsource labor to places like China, thereby changing the value of goods by doing so.
It is not just an “end consumer” problem.
The addiction to debt is coming from the top-down.
And the wealthiest people in society are the only ones who actually benefit from it, as addicts, and still remain in the black, and overwhelmingly so. I don’t think anyone can really dispute that.
Forensic investigation will try determine motive in the NS slaughter by a psychopath. What was the trigger? Could financial destitution from lockdown be the detonator event that started this demonic cascade? Forcaster Gerald Celente states that when you have nothing else to loose… you loose it. Is this the early warning to our society that many more marginals will now tilt out and destroy all the good around them. Dark times indeed. Make the light in you brighter to defend against the darkness outside.
#9 Ace Goodheart on 04.22.20 at 1:26 pm
#227 Penny Henny:
**********************
me again…I just remembered that when my grandmother sold #579 Beresford Ave in the late 60s, she listed for something like $12-14K. I don’t know what she got for it; probably not full price.
What is censorship?
Here’s Dr. Kettner who called in to the show in March, but was cut off by Duncan, when he wasn’t in sync with the two invited guests.
Duncan McCue (DM, Host): Dr Joel Kettner is on the line from Manitoba. Hi, Dr Kettner welcome to Checkup. You teach at the University of Manitoba and are former Chief Medical Officer of Manitoba, I understand. So what do you think of how we are coping right now?
Dr Joel Kettner (JK): Well I don’t know what to think, frankly, but I’ll tell you what I do think. First, I wanna say that in 30 years of public health medicine I have never seen anything like this, anything anywhere near like this. I’m not talking about the pandemic, because I’ve seen 30 of them, one every year. It is called influenza. And other respiratory illness viruses, we don’t always know what they are. But I’ve never seen this reaction, and I’m trying to understand why. I have to say that I really feel for my colleagues that are in public health practice. it is easy for me to sit in the armchair of my office and look at this and observe it, and be critical and have ideas. But I really feel for them for three reasons.
One is that the data they are getting is incomplete to really make sense of the size of the threat. We are getting very crude numbers of cases and deaths, very little information about testing rates, contagious analysis, severity rates, who is being hospitalised, who is in intensive care, who is dying, what are the definitions to decide if someone died of the coronavirus or just died with the coronavirus.
There is so much important data that is very hard to get to guide the decisions on how serious a threat this is.
The other part is we actually do not have that much good evidence for the social distancing methods. It was just a couple of reviews in the CDC emerging infectious disease journal, which showed that although some of them might work, we really don’t know to what degree and the evidence is pretty weak.
“the duty of a government to warn citizens of danger, not to try and modify their behavior, with the emergency broadcast system. – Garth”
DEFINITION:
e·mer·gen·cy
a serious, unexpected, and often dangerous situation requiring immediate action.
The ball was dropped. Absolutely. Unfortunately.
can someone please explain why the stock HOU is down when oil is up. Thank you
#45 Last Gasp on 04.22.20 at 2:44 pm
Forcaster Gerald Celente states that when you have nothing else to loose… you loose it.
————–
Like the hounds of war, you mean?
Yes. indeed we have.
#45 Last Gasp on 04.22.20 at 2:44 pm
Forensic investigation will try determine motive in the NS slaughter by a psychopath. What was the trigger? Could financial destitution from lockdown be the detonator event that started this demonic cascade? Forcaster Gerald Celente states that when you have nothing else to loose… you loose it. Is this the early warning to our society that many more marginals will now tilt out and destroy all the good around them. Dark times indeed. Make the light in you brighter to defend against the darkness outside.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The fact that this loon had taken the time to acquire a real RCMP uniform and build a replica cruiser suggests that he was planning this assault for quite a while. Early reports identified his ex-girlfriend and her current boyfriend among the victims.
Pandemic or no pandemic, he was on a mission. Probably just the usual story…
https://www.businessinsider.com/deadliest-mass-shootings-almost-all-have-domestic-violence-connection-2017-11
Need some help to figure out the average millions of our dollars T2 gives away everyday in lock down my calculator melted down with all those zeros .This jack in the box trick of T2 has got to end soon .Lets have a quiz game on want and how many millions .The winner gets to play Whack A Mole .
#7 Lahdeedah on 04.22.20 at 1:17 pm
As a follow-up to my post on yesterday’s blog entry,
Let’s have a blog post about that. Let’s talk about how parasitic private equity firms, backed by the banks, are setting up business to fail, so they can suck out the profits like vampires, and then toss the dry husk of the host away to bankruptcy when they are all done drinking.
They are the ones outsourcing all the manufacturing jobs to China, so they can sell the *SAME* product with a much higher margin, meanwhile eliminating jobs at home.
They are the ones ‘restructuring’ companies to fire employees and serve them up to the next foolish buyer, whilst paying themselves huge salaries and dividends.
If anyone is to blame for this state of hyper-inflation and indebtedness, its the banks, and private equity firms. Period.
Not the little guy who is trying to survive in a state of hyper-inflation, the same guy who buys a $59.00 sweater that actually costs $5.00 to manufacture in China.
The little guy who is being given loans like they are crack cocaine, by the dealer banks. Oh, you want a little more debt? Yummy? Lol, here, here’s some more debt, now you’re an addict and I’m your dealer, and I control the system, and make sure you buy $5.00 sweaters for $59.00.
Let’s zoom out for a bit and look at this in a ‘big picture’ frame rather than zooming in at the granular consumer who is merely a pawn in the game.
————————————————————————————
Meh. A little overwrought, a little crazy-eyed rant-y. You lost me when you embraced the whole victimhood meme.
=============================================
#9 Ace Goodheart on 04.22.20 at 1:26 pm
I am one of the few people who actually have 1.2 million dollars and could buy this house. Thinking about coming down that narrow staircase each morning, into that pieced together kitchen, looking at the weird arch over the front half of the living room, the dining room window that looks directly into the neighbour’s dining room, hearing the neighbour’s kids in the semi next door banging around and yelling and screaming, as I enjoy my morning coffee on this depressing, middle class working street, makes me want to vomit.
I guess I should be thinking about calling up MTV’s “Cribs” and asking them to come check out how Toronto Millionaires’ roll in their fancy pads?
House shopping anywhere in Toronto is just too depressing.
I cannot imagine giving someone 1.2 million dollars for that pile of caca.
———————————————————————————–
I can totally see MF living his best Toronto life in this place. Crankin’ his Drake and sharing his ballin’ pad on Insta.
How dare you disparage his dream, sir.
Yes, we have lost our way.
Please read current stats: Ontario Covid-19 April 21st report
We have one dead person case in the age group 0-39 in Ontario out of 12.5K positive tested cases. We have likely 20-85 times more infected people without symptoms as per studies I posted links to yesterday.
That means 1 dead person per 250,000 – 1M Ontarians in the age group of 0-39.
Math Question 1.
Assuming we have 11M people in Ontario and 40% of them are below the age of 39, how many people will die in this age group due to the virus in Ontario?
Political Question 1.
Because of potential death of 8 people, should we order 4.4M Ontarians to stay home?
I personally do not think so, it is my opinion only.
We have been subjected to fear and mass media scare, obedient and sheepish crowd swallowing MSM news like pelicans fishes everyday.
Elderly shall be protected carefully, young ones shall go on. Even If I am twice or thrice wrong about numbers, they still would not justify this economy shut down.
#41 cramar
More kids have been killed on zebra crossings these past couple of years in Burnaby than by this virus. The city could have prevented those deaths too, by closing all roads forever.
The reality is, there is a finite and in a sense random risk of death or injury every day, both inside and outside the home. That risk is only going to increase if we destroy the economy. Mental health will also suffer. The NS amok incident is an extreme case of the straw breaking the camel’s back.
I had been listening to the old Bob Seeger song Against the Wind earlier in the day. One verse was quite prophetical ,”I guess I lost my way, there were oh so many roads, I was living to run, and running to live, I never cared about paying, or even how much I owed.”
The big assumption made or implied is that everyone and their dog has the virus and has to be locked up. I have not yet met anyone who has the virus. Those unfortunate souls that do have the virus are generally not in public and are being treated. I say governments reaction is over kill and inconvenient if not expensive.
#41 cramar on 04.22.20 at 2:37 pm
To the woman protestor in the U.S. demanding her state re-open businesses and stating, “I’d rather die of COVID-19 than have my freedom taken away!”
I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
—————
Yes, exactly that.
Just like being an advocate for transferring goods by truck means one is fully in support of the Humboldt Broncos tragedy.
Way to get to the crux of the biscuit, buddy. Deep you are.
The only fitting analogy I can provide for the majority of Canadians are pavlovs dogs. Free anything, come barking don’t worry about where it comes from or who will pay. Just gorge the food down and stand around looking hungry the next day.
Canada has a 3rd world productivity rare and you can see that in the poll. The ONLY reason we have an economy at all is an accident of geography sitting on resources even if they are worth zero and being parked next to a economic behemoth.
If we were on hemisphere away, we would be toast long ago.
Hey Dolce Vita,
I was reading the local news here in Manitoba today and couldn’t help but recall your comments the other day regarding the Ro factor. Looks like at least one area of Canada is plotting this number and making it public:
More on the story at https://www.winnipegfreepress.com/special/coronavirus/manitoba-data-not-yet-adequate-to-release-virus-projections-roussin-says-569837542.html
Have to laugh (cry?)…
Oil goes up a dollar and pump price is up the next day…
Oil goes way below zero pump price doesn’t move…
Oil at $10 price is $0.80… S/B more like $0.40 or less!
I can’t do a thing… Garth any chance you could make a phone call to rattle some cages in the Gov (don’t give your name though :-)
RE: #27 Attrition on 04.22.20 at 2:09 pm
I am talking specifically about ETFs that track oil futures.
Not fortune telling.
Read here: https://www.cnbc.com/2020/04/21/usos-benchmark-is-the-near-month-crude-oil-futures-contract-traded-on-the-nymex-if-the-near-month-futures-contract-is-within-two-weeks-of-expiration-the-benchmark-will-be-the-next-month-contract-to-ex.html
Oil companies are a great deal right now.
Oil future ETFs are not.
It may actually be worse than that. A mid-June opening does not mean people are going to go rushing out to buy things. I think a lot of bars and restaurants will be empty. No vacations or flying or staying in hotels until a vaccine is developed in mid 2021.
There is no doubt the housing market is going to crash if people are too scared to leave their home. The sheer number of people that are out of work will force people who are unemployed or even under employed to not be able to pay for their overpriced houses, which means they will be forced to sell at a bad time.
Whoops-a-daisie!
Alberta pension manager blows $4 billion. Alberta teachers really don’t want this guy near their “gold-plated” pensions.
Shawn Allen, didn’t you have something to say about Kenney playing with house money while betting on oil?
https://www.theglobeandmail.com/business/article-alberta-pension-manager-loses-4-billion-on-investment-bet-gone-wrong/
The C19 situation is like gold to the authoritarian forces at work. People are scared and thus are not thinking critically. These forces are out to take advantage of peoples’ good faith to cooperate with their dictates. However the goal posts as to the conditions needed to ease the restrictions are constantly being moved.
There is talk that things will never be the same even after the virus threat becomes a thing of the past. People at arm’s length in perpetuity. Neighbours snitching on one another. Everyone wearing masks. Faces hidden. Children at playgrounds will be going from person to person asking if he or she is their mommy
The C19 phenomenon us being used by forces to reshape if not destroy the social fabric of society. These forces have no love of people, country and certainly not freedom and liberty for all. This is the bigger picture. The ruling elite are very happy that people are split and arguing numbers and statistics and whether or not to take their lives back. Whatever we decide we must ask “permission” from our elected dictators. Good luck on that. They have had a taste of power like never before and like it very much.
#42 not 1st
J.T. is nothing more than a reflection of how a plurality of constituencies felt on election night last October.
That result might be different were a contest to be held in the current mess. Or perhaps not. Who knows?
Anyway, we’ll always elect the government we collectively are. Hating on one man is useless.
Allow myself to quote that awesome 80s song….
I’m turning Japanese, I think I’m turning Japanese, I really think so
Turning Japanese, I think I’m turning Japanese, I really think so
I’m turning Japanese, I think I’m turning Japanese, I really think so
Turning Japanese, I think I’m turning Japanese, I really think so
No sex, no drugs, no wine, no women
No fun, no sin, no you, no wonder it’s dark
Everyone around me is a total stranger
Everyone avoids me like a cyclone ranger
Everyone
That’s why I’m turning Japanese, I think I’m turning Japanese, I really think so….
#43 yvr_lurker
Just because you are happy being a shut in loser does not mean the rest of are. Get a life.
#59 Sail away on 04.22.20 at 3:12 pm
#41 cramar on 04.22.20 at 2:37 pm
I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
—————
Yes, exactly that.
Just like being an advocate for transferring goods by truck means one is fully in support of the Humboldt Broncos tragedy.
Sail, there’s no point. You gotta stop.
We can slap people across the face hard or kiss ’em on the cheek softly with logic, and they still just won’t effing get it.
#63 Ace Goodheart on 04.22.20 at 3:28 pm
RE: #27 Attrition on 04.22.20 at 2:09 pm
I am talking specifically about ETFs that track oil futures.
Not fortune telling.
My bad – I shy away from futures, because again, what do I know.
#22 Jay on 04.22.20 at 1:58 pm
“Meanwhile in Canada, everyone is supposed to hide in the closet with a bag over their head, just in case. Its not worth the risk and we cannot come out until there are zero new cases, plus an additional month, just to be safe.
“I’ve stopped exercising, been eating nothing but chips and might take up smoking while I sit in my closet for the next 3 months . . . .”
“Who cares about the resulting mental and other health issues.”
——————-
Jay, some things you cannot control such as when society will be opened up. Other things you can control, such as your reaction and choices. Read “Man’s Search for Meaning”. What we are going through is nothing compared to what Viktor Frankl (and others) experienced as a Holocaust survivor. I was reading a study that while some people develop PTSD after a traumatic experience, others experience PTG (Post Traumatic Growth). Some of us see this self-isolation as an opportunity for growth and improvement.
I cannot go to the gym anymore, but I’m exercising at home as I did for 10 years previously. I intend to come out of this quarantine better than when I started. I’m using this as an opportunity to pick up more skills in exercise routines I’m not familiar with. If you stopped exercising it was a (bad) choice you made. But it is YOUR choice!
I don’t dine on chips but real food, which has not changed since self-isolation. One has to actually buy chips or real veggies and fruits. You choose what you will buy and eat. I can use the present situation to tweak my diet even better.
I intend to come out of this quarantine better than when I started— physically, mentally, emotionally, spiritually. Not going to happen financially, but that is another opportunity I’m working on.
Regarding the tragedy in Nova Scotia: have we lost our way?
I doubt this blog (and certainly not this blog’s comments section) are qualified to answer this question, at this time. The question as to whether the absence of an alert compounded this tragedy deserves an answer, and that answer should come from a public inquiry.
It could be that the ‘system’ was only designed for emergencies that are relatively slow-moving (weather events, public health issues, etc.) and not for faster-moving threats – though Amber and Silver alerts would fall under that category.
It may well be that staff shortages prevented crucial decisions (many public services in NS don’t have the capacity to keep staff on 24/7) or that those ‘in charge’ of approving notifications were actually out there, active in the field, at the time.
But this is only speculation. Proper answers are required, if only to prevent such a mistake from happening again.
“I would like to see a column where Garth plays Devil’s advocate and describes the benefits of rampant consumerism and majority high personal debt load.
This is what keeps stocks high and the economy moving along. If a lot of these spenders were instead savers how would things be?”
Saving provides capital for investment. Ample capital for investment means labor becomes the scarce resource, and thus wages rise. Wages aren’t low in Timbuktu because they have too many people (although it probably doesn’t help) but because investment capital is the scarce resource, not labor. So you’ll have a guy who can buy a truck and can find loads of people who’ll work for him for cheap, and here we have lots of trucks and need to pay drivers (relatively) well to get them on the road and driven. This is not the entire reason wages here haven’t really risen the last few decades (there are probably tons of reasons) but I bet it hasn’t helped.
#20 Lahdeedah on 04.22.20 at 1:57 pm
#9 Ace Goodheart on 04.22.20 at 1:26 pm
#227 Penny Henny:
If you like that house then take a look at this.
Are we surprised it’s being floated by Frank Leo, #1 Real Estate Agent? What is he thinking? Seriously. This is not worth $1.3 Mil. Try $750K at best.
https://www.realtor.ca/real-estate/21771152/109-grand-ave-toronto-stonegate-queensway?fbclid=IwAR2bzY9YVvHUbAN4x_LNlpAGbMR-p0MJKZvi6kTXHWWIpNjZHDomcGqPE2Q
////////////////////
Well just so you know, Barbara Corcoran from ‘Shark Tank’ says that Frank is the only agent that she would use. Period..
https://www.youtube.com/watch?v=keXvCkm0FIA
“Don’t count the days…make the days count!”
Quarantine through art!
enjoy!
#69 Flywest29 on 04.22.20 at 3:49 pm
#43 yvr_lurker
Just because you are happy being a shut in loser does not mean the rest of are. Get a life.
——————————
You must be an extreme extrovert who requires constant validation from others. This lockdown must be driving you insane. You have nobody to irritate aside from anyone unfortunate enough to live with you.
An acquaintance of mine owns a condo at the top of the gondola ride in Mont-Tremblant,QC. She rents it out through AirBNB. During a good winter ski season, she can make a profit, but just barely. She loses money during the summer months.
With no Americans coming to ski, and with the ski season cancelled, and now many/most of the main summer events cancelled, she is panicking.
Her predicted loss is going to eat up her past three years of profits. To add additional injury, if she sold it now, it would be at a loss.
@Lahdeedah
Now you get it!
Privatize the profits, socialize the losses!
…and to think how many who have been thrown into the streets having worked an honest job for a company that cannot be profitable because the equity has been “sucked from them” so the vampires get wealthy and now society deals with the shriveled up human who has not a chance in the world…
The rich don’t care – they have all the money (that they created for themselves and dumped onto the tax payer)
They are called neo-liberals and they have betrayed us. And now, it is on society to continue to be indebted through printed money that inflates assets they cannot afford so, in turn, it deflates the earnings of everyone.
Privatize the profits, socialize the losses.
No Howard. But good try. That rich coming from one of the most annoying people on here.
#69 Flywest29
————————-
Perfectly fine at the moment, thanks for checking in.
If you miss being a pawn in your consumer-driven world, your contribution to the economy will be greatly appreciated by local businesses when restaurants, over-priced hotels and activities, and high-end shops come back on-line. Some of us are more oriented to saving.
I would just prefer that much of Canada start slowly (but safely) opening up so that with this epic amount of debt generated by Trudeau throwing money around in every direction that taxes don’t go shooting through the roof. Won’t be too happy to see a marginal tax rate that balloons to 70% or so from 54% to start paying for all of this when it is over.
The only “luxury” that I will miss this summer is being able to travel on the cheap to Peru and Bolivia as we had planned. International travel I think will be one of the last items to come back on line.
Our child-like Prime Minister will screw the pooch on re-opening the economy and here’s why: he will not want to be blamed for someone dying from COVID by opening the economy. And this is where his child-view of the universe will screw us all.
A child says “I don’t want anyone to die from COVID, I don’t want to be blamed for it and I’ll do everything I can to stop it”. This means he’ll keep the economy closed far longer than he should and the damage will be beyond epic.
An adult says “People will die, either from COVID, or from suicide due to economic desperation in keeping the economy closed. As an adult the tough choice is to achieve a balance that minimizes deaths from both causes”.
T2 is unequipped to make an adult decision. How do you know? Look at his past behavior. Dressing up, whether in blackface or in Indian costumes, courting advice from child-eco-activists, knee-jerk reactions to complex problems such wanting dictatorial powers when he panics.
Say what you want about Trump, he’s an adult and T2 is a toddler and his actions reflect it. Trudeau is just not part of the adult conversation.
#2 BlogDog123 on 04.22.20 at 1:02 pm
And when they send Amber alerts to bedside phones while people are sleeping it really pisses people off…
=================================
It certainly does when it’s for a child that was “abducted” (read “picked up by the other parent in a custody battle” half the time) a 15 hour drive away in Thunder Bay, yes, it does. Also sending a Covid warning in the wee hours.
But this an actual “emergency” situation which, if didn’t warrant using the systems available for sending out alerts, I don’t know what would.
#55 Property Accountant on 04.22.20 at 3:05 pm
Yes, we have lost our way.
Please read current stats: Ontario Covid-19 April 21st report
We have one dead person case in the age group 0-39 in Ontario out of 12.5K positive tested cases. We have likely 20-85 times more infected people without symptoms as per studies I posted links to yesterday.
That means 1 dead person per 250,000 – 1M Ontarians in the age group of 0-39.
Math Question 1.
Assuming we have 11M people in Ontario and 40% of them are below the age of 39, how many people will die in this age group due to the virus in Ontario?
Political Question 1.
Because of potential death of 8 people, should we order 4.4M Ontarians to stay home?
I personally do not think so, it is my opinion only.
We have been subjected to fear and mass media scare, obedient and sheepish crowd swallowing MSM news like pelicans fishes everyday.
Elderly shall be protected carefully, young ones shall go on. Even If I am twice or thrice wrong about numbers, they still would not justify this economy shut down
________________________________________
Population of Ontario 14,711,827
Of the resolved cases,
Worldwide: 20% of resolved cases ended in death
Canada: 13% of resolved cases ended in death
So any comparison of the death rate relative to population or even to the number of cases is inaccurate.
Maybe newly resolved cases will be successful, or maybe the death rate will continue.
The issue won’t be so much opening up individual businesses. How people get to and from these businesses will be a challenge. Meat packing plant in Alberta had many employees carpooling. How do you do contact tracing in the GTA?
I think that i will ask for compensation from the federal government because of all the anguish i have to live with due to the virus.
I am sure that our PM will give me something and apologize.
I just cannot imagine how we will pay back that debt with all the money going out the window. Today’s new program for students is the most offending spending T2 has come up with, even before they go out trying to find a job he tells them: “cool it, stay home, take the money”.
Who is going to pick the berries/vegetables on canadian farms this summer, not canadian students!
I have lived through break up of Yugoslavia, and was a refugee at the time. Was born and raised in Sarajevo.
The more this unravels, the more I am getting concerned with the bleak outlook of this. I have seen the ugly side of humanity when they go into opportunistic, survivalist mode, and its not pretty.
I am mainly growing concerned with our politicians ability to deal with crises, they have never had to in their lives, as most of them lived privileged lives of private schools and trust funds. My question is if they couldn’t foresee the implication of virus that was spreading right in front of their noses, how we can expect them to have ability to predict social, economic, and geopolitical implications of their actions.
If this continues, one wonders how we cannot expect food shortages (yesterday they closed chicken processing plant, because majority tested positive, temporary workers cannot get into country, and need to isolate for 14 days after arrival), which will lead to resentment, social upset and rise in crime, corruption and degradation of society. but perhaps, I am just projecting my experiences, and it is different here.
My main concern that consequences of the lock-downs, and economy shutdowns will be far worse than virus itself. I have went down the conspiracy rabbit hole, but I am starting to think it is actually worse than this and it is a product of pure idiocracy and incompetence at the top.
#71 cramer.
My comment was a sarcastic remark. I’m not actually sitting around eating chips and not exercising and am doing everything I can to improve myself and take care of my family. The point is that it’s becoming extremely frustrating that the government is trying their best to remove any type of activity that enables joy from our lives, without the use of common sense or actually assessing what the risks are, or taking a reasonable approach. Why can’t we golf again? It seems to become their mission to see how much we can take. Now that they have discovered we in fact will just blindly do what were told. I fully expect certain restrictions will never be lifted and we are entering a new era of government monitoring and control. Destroying my own body is the only thing I’m still free to do and ironically will cost the health care system much more than any virus.
The Holocaust was a tad different as the risk of death was slightly higher. I like how everyone is comparing this current situation to those in concentration camps and hiding in attics for years from oppression and genocide. Are we really at that stage? Look at the price we paid to obtain a free society after two major wars. people were willing to die for freedom from governments controlling their life. Look how easily everyone is willing to give that up from a very very small risk of death from a tiny bug.
#76 Howard on 04.22.20 at 4:06 pm
#69 Flywest29 on 04.22.20 at 3:49 pm
#43 yvr_lurker
Just because you are happy being a shut in loser does not mean the rest of are. Get a life.
——————————
You must be an extreme extrovert who requires constant validation from others. This lockdown must be driving you insane. You have nobody to irritate aside from anyone unfortunate enough to live with you.
///////////////
Or maybe he is just being funny Howard.
#61 Goober
Good to read not all the Health Ministries in Canada are brain dead. Good news from MN.
They say they need to gather more data to calculate Ro but will. Just what I suspected that Cdn Health Ministries and Gov Canada dropped the ball on something as essential to know as Ro especially to use it as a key decision variable to opening an economy back again.
The ineptitude boggles the mind.
Thank you for that article link, refreshing read.
——————————-
Quickie here, in a few days an announcement about the Phase II economy opening in Italia will be made. Will let you all know how that goes. One thing said by Gov Italia today is that they do not want economic activities that will push Italia into an Ro > 1 situation. Again, I’ll let you all know.
3rd day in a row, cases decreasing, ICU C19 beds decreasing and death slowing declining (again big backlog of infected in Italia to “work” thru sad as that reads but true).
In the meantime Canada, stick to that lockdown, beat C19 down and once your shit for brains Health Ministries (save MN) can calculate an Ro, you’ll know when the end is near. But NOT the way they are doing it now.
My suspicion at eyeballing provincial data is there a few provinces I suspect are at Ro = 1 or fast approaching it.
There is hope Canada. Yes there is.
On another note, I wonder how many more people will come out this lock down requiring anti depressants and such.
20% of adults? Maybe more?
I’ll tell you if it wasn’t for me my wife would be going crazy. (read into that what you will, I can take it. Just don’t piss me off too much cause it’s after 4:30 and the drinks are flowing)
COVID19 occurrences in North America may have been much earlier than previously thought. Recent studies in the US and Italy indicate that some previous deaths are now suspected as being from COVID19. I wonder myself about this as a BC resident as my wife and two daughters had a devilishly bad bug in February. I had a mild case. Many people I know had similar bad cases. Perhaps it is more prevalent than we think.
It would take a land line phone alert to reach many of us, in my part of NS.
Or a post card.
Here’s a take on this ‘debate’ [which is really epidemiological science versus ideology] from the heart of capitalism where people [besides epidemiologists] apparently know how to use a calculator and understand risk.
https://tradesmithdaily.com/educational/have-all-the-ceos-and-venture-capitalists-gone-crazy-spoiler-alert-no/?utm_medium=email&utm_source=etmc&utm_campaign=daily+email&utm_content=blog
#12 Attrition
Exactly that. Today CMO Tam was asked what the criteria are to signal the possibility of a re-opened economy and she was evasive as usual. The absence of a detailed plan allows politicians and medical officials to be held less accountable and declare victory in the end.
18 Gordon on 04.22.20 at 1:51 pm
“I would like to see a column where Garth plays Devil’s advocate and describes the benefits of rampant consumerism and majority high personal debt load.”
————————————————————-
That would be like telling Ron Jeremy to be abstinent…
#260 Sail away on 04.22.20 at 11:47 am
#252 Mattl on 04.22.20 at 11:01 am
Garth are you ever going to do a post about all the corporate and SMB welfare being provided?
Seems a little tone deaf to drone on day after day about the homeowner that didn’t save enough dinero, without addressing the massive amounts of taxpayer money going to businesses that also didn’t save for a rainy day.
“Business subsidies are largely going to payroll support, to provide money to employees who are not working. Seems like a consumer subsidy to me. – Garth”
——————
Mattl, I’ve laid this out before from the corporate perspective. Here it is again:
Companies do not save money in order to employ unproductive workers. My company, for example, does indeed have good reserves saved; but, and here’s the important part:
This is NOT to retain workers for whom there is no work.
Again: our saved cash is not to keep workers employed.
Should I say it a third time?
No company is in the business of charity. People save money to keep themselves alive. Companies save money to keep the company alive.
I would definitely be laying off more staff if there was no government subsidy. There is no way I’m putting the company’s future in doubt in order to be nice.
Clear?
—————————————————————–
Here comes the downside to your never ending brag posts on this blog….you are on record saying you were taking the CERB 40K loan and investing it in the markets. Taxpayer money shouldn’t be transferred to your investment accounts.
And I don’t care if you have to layoff more employees. Let the free market sort that out. A company better funded then yours will pick them up. And if not government has programs in place to cover. And yes, I realize they don’t cover full salary, well welcome to the club, no one I know is making full pull this year.
And there are TONS of companies that are keeping less productive employees on staff. My company is dramatically impacted but has committed to keeping all of our employees on payroll – thousands of them – into 2021. We are very well funded and in fact are looking for, and have recently hired, talent let go by competitors. See, there is a second way?
Listen, you don’t have to believe in the free market, and I don’t begrudge you for taking advantage of gov’t programs.
But just own it, you aren’t going to convince me that the gov paying you to pay your own employees, or giving you tax advantaged loans and grants to invest in TSLA is anything resembling capitalism.
#28 Mark Moretti on 04.22.20 at 2:12 pm
“. Unfortunately Garth’s entire business model is based on profiting from the big business schemes you outlined above, lest his balanced portfolio not perform. He’ll never address any of this, and never has.”
You’re just lucky the mystic oracle of Lunenberg, lone voice of reason crying out in the Canadian financial wilderness doesn’t zap you with a bolt of lightning. You are on thin ground there cowboy…
#54 BillyBob on 04.22.20 at 3:03 pm
#7 Lahdeedah on 04.22.20 at 1:17 pm
————————————————————————————
Meh. You lost me when you embraced the whole victimhood meme.
– – – – – – – –
Oh, sorry, does embracing the predatory ‘meme’ part of this post make you feel more comfortable?
It’s cute that you think you’re not a part of this picture, because you are. Enter, the denial meme.
I’m sorry Garth, but I think that last comment is way off base. The decision (or lack thereof) to issue an emergency broadcast for the gunman has no bearing on the decision to alert about social distancing. Furthermore, the number of current deaths is not what the government should base its decisions on. What matters is the number of potential deaths.
Emergency alerts are for emergencies. Like an active shooter. They are not for behaviour modification. How is that not obvious? – Garth
For the “Trump pill” pushers…
https://apnews.com/a5077c7227b8eb8b0dc23423c0bbe2b2
Told ya so.
Must say it is interesting that your first two posts are defending Costco and the Gov’t not issuing a warning.
Looks like you have some Gov’t troller’s on the dole watching your posts and trying to defend the undefendable. Great post but will miss the mark with so many of the sheeple and those believing there is/was no other way to deal with the current issues.
Sad and true at the same time.
#4 calgary rip off
For the infectious disease fans here. All this green and CC movement but no one mentions the elephant in the room.
——
“The authors noted that glyphosate exposure stimulated airway inflammation and promoted asthma-related cytokines. They summarized as follows:
Collectively, our results showed that mice continuously exposed to glyphosate developed elevated levels of eosinophils, neutrophils, and asthma-related cytokines (IL-5, IL-10, IL-13, IL-33, TSLP) compared to control groups. Exposure to glyphosate results in airway barrier damage.” [15, my emphasis]”
https://jennifermargulis.net/glyphosate-and-covid-19-connection/
“if Costco can open without everyone getting infected, why shutter all those other businesses and offices?”
But not the way I see in Cdn MSM TV reports.
In Italia, they will not let you in the store unless you have a mask AND gloves. When you handle produce they provide gloves to put over your gloves to ensure you do not contaminate the veggies and fruit.
A few nights ago, Glee Club CTV Vancouver showed a clerk at a liquor store, no gloves, no mask, hand over a bag of booze to a lady (no gloves, no mask) and that transaction was < 2 m away.
In fact Germany kept more businesses open, as did Italia (not as many, situation worse in Italia) but social distancing, masks, thermal temperature reads before entering a factory and upon leaving were observed.
Though, the Germans tightened it up once cases went on the rise there, more like the Italia model. And they locked down when they saw what was happening in Italia, unlike France, Spain and the UK.
I agree, but not how I see Canada doing it. Not a chance Garth. They are too cavalier. They have start doing what businesses that have opened up here are doing.
Look at poor BC the other day and the meat packing plant cases. Evidence strict measures at the workplace not being observed as in say Italia or Germany.
When that happens, you are correct Garth and what you say is happening here and Germany.
Very tragic what happened in Nova Scotia; our hearts go out to all that were affected by that lunatic. Stay strong!
I have a serious issue in my neighborhood; for the past three days I have had to listen to a young #@% magpie that will “NOT” shut up! Constantly crying out to its parents for food; normally it does not bother me but being isolated I am tempted in pulling out my slingshot to shut that little bugger up once and for all. :(
#41 Cramar…” I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
Oh please, enough with the hyperbole and scaremongering . Tragic death….yes, but a wild outlier.
Children are basically immune to Covid19 unless they have pre-existing conditions. Flu is killing way more kids.
Not only that, there is evidence that even if they are carriers that they are unable to infect others.
https://academic.oup.com/cid/article/doi/10.1093/cid/ciaa424/5819060
#81 OK, Doomer on 04.22.20 at 4:13 pm
…..
Say what you want about Trump, he’s an adult and T2 is a toddler and his actions reflect it. Trudeau is just not part of the adult conversation.
………
And Trump is?????
“Have we lost our way?”
Completely.
they don’t share the same planet super class so far above
~47m.
The Walt Disney Co. announced earlier this month it’s furloughing employees “whose jobs aren’t necessary at this time.” The coronavirus pandemic has forced a major chunk of Disney’s businesses to temporarily suspend operations, including its parks, resorts and entertainment productions. More than 75% of the company’s 223,000 employees work for the Parks and Products division.
Tens of thousands of park workers fought for and won a $15-an-hour minimum wage in 2018.
egregious bonuses for years.”
She has previously called former Disney CEO Bob Iger salary’s “insane.” Iger stepped down in February and was replaced by Bob Chapek. Iger remains Disney’s chairman. Last year, Iger made $47,525,560, which was 911 times the median worker’s pay.
“What kind of person is comfortable with this???,” Disney tweeted,
https://www.cnn.com/2020/04/22/business/abigail-disney-furloughs-bonus-pay-coronavirus-trnd/index.html
Very hard to listen to CBC call-in show today re CERB and other benefit eligibility.
Talk about hands at the trough.
What a bunch of snowflakes. This entire country!
It is the snowflake factor that will bring us down. Not COVID.
How MANY ‘businesses’ operate their ‘business’ out of their personal banking account!? Callers were calling in complaining about not being able to access benefits because they could not provide a ‘business’ bank account.
Jeesh. Some of these benefits should be STRINGENT.
Your business cannot be a hobby!!!!!!!!!!
It HAS to have a business account for the past 6 months!!!!!!
OMG. Clearly, most of our governing officials have little understanding of reality.
The real sickness is now being created by the hand outs.
The snowflakes are getting crushed.
They are becoming mush.
BIG FAT MUSHY MESS AS OF SEPTEMBER 2020.
9/11 bigger than ever.
In the absence of information provided to the public on covid, I modelled potential total deaths in Canada using the trends of daily deaths to date (up to April 3) and the model parameters provided by Tam then, with an assumed peak occurring last week. The result was a range of 2200-3300. Still looking pretty good two weeks later, although I would like to update it with a separation into 2 groups: the general population and the LTCF population, and with a fat right tail that is now appearing here and around the world. But I can’t find the data.
Globalist Gates not too worried about (anthropogenic) global warming and rising ocean levels.
– WSJ Exclusive News –
Bill and Melinda Gates Buy Oceanfront Home Near San Diego for $43 Million
“Tech entrepreneur Bill Gates and his wife Melinda Gates have paid $43 million for an oceanfront home near San Diego in one of the largest deals recorded in the area.”
https://www.wsj.com/articles/bill-and-melinda-gates-buy-oceanfront-home-near-san-diego-for-43-million-11587509127
So I found out my BC’s ICBC vehicle insurance has gone up!
How can that be? A lot less drivers/collisions on the road; ICBC/BC Premier said so.
Also the broker “misquoted” the low-kilometre discount using less areas where the discount applies.
I found this out and phoned other brokers, not one had the right quote, and to the purchasers detriment.
So I guess we can look forward to more gov’t related services ripping off (misquoting) in their favour.
Oh yeah, almost 10% of my insurance is tax related.
Time to look into ALL gov’t entities to see how they are diming us to death.
Good news to those paralyzed with virus fear: my sister who came down with heavy respiratory post-flu symptoms in mid-February tested positive in NY state for the known antibodies indicating she carried and defeated the infection.
Which means I’ve had it as well, since she stayed over with us after her return from China/Thailand and I got hit with a strange flu thing a week later.
The great news is, it’s basically just the flu, with a weird onset, 4-5 days of just feeling weak and lethargic, followed by an intense overnight fever and then back in 2 days.
Just don’t be old or fat. Canadian obesity at nearly 30% of the general population is embarrassing, I wish we had REAL food shortages and REAL bread lines for a few months, it would make everyone live longer.
I suspect close to 40% or more of Toronto has already had the Bat flu, we need to return the general population to work.
My useless MPP doesn’t even have assistants return calls, what is the role of government if they do not govern?
i dont know how the rcmp could possibly send out an alert notification that says that the killer might be dressed as an officer and driving a rcmp vehicle…any real cop would be seen as a suspect
this guy knew what he was doing
#107 Lorne on 04.22.20 at 5:21 pm
#81 OK, Doomer on 04.22.20 at 4:13 pm
…..
Say what you want about Trump, he’s an adult and T2 is a toddler and his actions reflect it. Trudeau is just not part of the adult conversation.
………
And Trump is?????
_________________
Actually, yes. Trump is making hard calls, stirring things up and risking catching flak from all sides to get things going. He’s shaking the box to force people to make sure they stay agitated and engaged and don’t succumb to fear. His critics can’t see that, but are being helped by hating him anyway.
In contrast T2 is cowering under his bed and only pops out once a day to play Captain Obvious. And it’s better that way. He needs to keep hiding and let the adults sort this out.
Another thing, not one BC politician is taking a pay cut, like a lot of other countries are doing.
The Vancouver mayor, Kennedy Stewart (former Fed NDP, soon to be double-dipping gov’t pensioner) is crying like a baby about how so hard done by Vancouver is doing. Take a g-damn pay cut you loser!!! Lead by example.
hilarious how dumb this guy is
Trump stops hyping hydroxychloroquine after study shows no benefit
Fox News staffers also backed away from promoting drug after a recent US trial did not go well
https://www.theguardian.com/us-news/2020/apr/22/trump-hydroxychloroquine-study-coronavirus
#101 Sold out “For the “Trump pill” pushers…”
Lots of critique of that methodology used in that small trial.
a) Treatment needs to start earlier.
b) Needs to be combined with Zinc (which wasn’t used in the trial).
I can’t wait for T3 !!!!!
ACE2 receptors
One person in South Korea, known only as patient 31, transmitted the virus to over 1,100 people as she went about her life.
https://qz.com/1822554/how-the-coronavirus-tricks-cells-into-a-full-body-invasion/
#41 cramar on 04.22.20 at 2:37 pm
I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
/////////////
Having heard this story, I had to dig very deep into my soul. I kept searching for any ounce of feeling or remorse or guilt. It turns out I don’t care. I just thought I would share an honest opinion, because I suppose most people you talk to in person feel obligated to fake some emotional response.
Just watched the news and saw Trudeau on his daily “here’s some money for you” news briefing.And the thought came to me. He reminds Me of the old Chrysler commercial buy a car get a check.
He really great at giving out money, yours and mine to buy votes.
I firmly believe the liberals will not let this crisis go by without using it to buy as many votes as possible.My Bride and I are looking at the next tax season more closely to find places to shelter our assets.Because you have to be thinking like a liberal ….taxes, taxes ,taxes.
I agree. As soon it was known that an active shooter was on the loose, a general alarm should’ve been activated by the government. Putting it out on twitter by RCMP was lame, in my opinion.
Lives could’ve been saved!
Yes the government has lost their way. Left wing governments everywhere are in their glory finally having full control over citizens. This is what they have dreamed of for decades. Finally they have full control and people are accepting it. Their dream.
Trudeau has announced more gun control now because that would have saved lives. Not sure how because criminals don’t follow laws. Just like the shooter didn’t follow the law against driving around impersonating a police officer. Should we restrict Chevy Impalas too?
This was a tragic event that was made more tragic by the failing of government to alert people. Then instead of admitting their mistake the government blames it on guns and tries to take more control over its law abiding citizens. Had this been in Texas the shooter wouldn’t have lasted past his first victims.
#53 Down and out on 04.22.20 at 3:00 pm
Need some help to figure out the average millions of our dollars T2 gives away everyday in lock down my calculator melted down with all those zeros .This jack in the box trick of T2 has got to end soon .Lets have a quiz game on want and how many millions .The winner gets to play Whack A Mole .
******************************************
His popularity in the polls is trending up and up. He is also buying off young people approaching voting age. As with everything in his life he is able to buy his way through with money earned by others. Sad.
#5 Bill on 04.22.20 at 1:14 pm
In terms of the economic consequences, we were needing a big reset anyway (asset prices artificially high, unsustainable debt) so this might finally do the trick.
===============================
I agree 100%.
#19 Moose on 04.22.20 at 1:52 pm
Forget about putting up stats like that. Nobody cares about numbers. I put very similar stats yesterday and the day before and not a peep from anybody.
And how did all those controls work out for Italy? Not so well. Had they just banned flights from Wuhan rather than have hug a Chinese day they could have been spared.
#41 Cramar…” I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
Yes and you should never drive a car ever because there’s a freak chance you could accidentally kill a sainted nun.
Why don’t we just lock everyone in a padded cell from birth and make sure they’re completely safe from harm and incapable of harming others?
Next war why don’t we just let the bad guys take away all our rights and freedoms because someone may die if we fight back?
It’s a very slippery slope to just say we should take no risks in life at all because there’s a chance harm could come from it, people.
April 19th hmmmmmm … a very important day and time for a certain ummm segment of our population…
What else … oh ya comet C-19 should be visible to the naked eye soon… it is a cool mystic green color and there are reports that it is breaking up … but tail is huge and we will likely pass through it…. anyone getting strange headeaches lately ? Back of head perhaps.
Big changes afoot folks… be safe and love all .
After all, they ask: if Costco can open without everyone getting infected, why shutter all those other businesses and offices?
Actually, Costco has the highest infection rate of any store that remains open…
Link? – Garth
#107 Lorne on 04.22.20 at 5:21 pm
#81 OK, Doomer on 04.22.20 at 4:13 pm
…..
Say what you want about Trump, he’s an adult and T2 is a toddler and his actions reflect it. Trudeau is just not part of the adult conversation.
………
And Trump is?????
—————————-
The President Of the United States, Lets clean our backyard!!
My understanding is this plant processes about 40% of Canadian beef so if you were hoping for a nice juicy stake on the barbie once the snow melts you can probably forget it.
https://globalnews.ca/news/6853378/cargill-meat-plant-shutdown-high-river-mayor-coronavirus/
I spoke with a friend who is involved with a major cattle operation and they had several trucks turned around when this happened. So who knows what happens to their revenue? And their employees? The cows still need to be fed and to do that they need employees so this looks problematic to say the least.
Let’s hope this doesn’t hit too many more food plants. Or Dog forbid toilet paper manufacturers.
Still think it is a hoax?
Regardless, we have to get back to work sometime. We need masks. I saw some made up numbers that if the person who is sick and the person who is not both have masks on the transmission rate is cut by 98.5%. This wouldn’t be practical for schools because kids can’t keep their hands to themselves and the masks would probably cause trauma, but adults ought to be able to handle it.
So I think we have to selectively reopen the economy. Not all at once, this is no time for an all clear signal, but certainly there are things we could reopen if we can keep Costco open. My “expert” advice would be:
– Social distancing
– Frequent hand washing
– Masks
– Eye protection
– Sanitize surfaces more frequently
– Stay home if you are sick
– Minimize unnecessary contact
– Keep the schools closed through summer
– Avoid crowds including protests, sports, theaters, and concerts
– Church going is up to the believer but you can be safer there too if you follow the above
But other than that let’s get back to work before we kill the economy for good. But of course to do it we are going to need a lot of masks. You can only use them once. And don’t try and sanitize them in the microwave, this has already caused fires in the US. And don’t throw them in the parking lot of the Costco, that isn’t helping.
#87 Comrade on 04.22.20 at 4:40 pm
I have lived through break up of Yugoslavia…Was born and raised in Sarajevo.
—
If you are from there at least you could pick better nick like Gavrilo, I’m sure pozi would be protesting a bit, but eventually he would let it go…
#97 Mattl on 04.22.20 at 5:04 pm
—————
Listen, you don’t have to believe in the free market, and I don’t begrudge you for taking advantage of gov’t programs.
But just own it, you aren’t going to convince me that the gov paying you to pay your own employees, or giving you tax advantaged loans and grants to invest in TSLA is anything resembling capitalism.
————–
Oh, I haven’t the slightest interest in trying to convince you of anything.
I gave you the corporate perspective. Never, ever would we use borrowed money to pay unrecoverable salary. But yes, we will invest it in the markets or in company equipment, whichever makes more sense.
You, my friend, are completely free to start your own corporation and run it exactly as you feel is best. That’s the beauty of capitalism.
I haven’t read anything that indicates governments in Canada intend to “keep people at home until Covid goes away or a vaccine emerges”. They will do it until we reach the point Germany is experiencing right now. Slow the infection rate to below 1.
Time to whip out the decoder ring:
Re: NS shootings….well…it’s been my experience that one should let the dust settle first…..before drawing conclusions.
COV Mayor sends coded messages….but it appears they drew the short straw for what future holds for majority of us in urban areas. Latest press conference alludes to “Smart City ” quasi- prisons.
Our “HELLth Officer” has an awesome crystal ball….alluding to a “resurgence” of the alleged pandemic (less than 100 dead so far in BC…a Province of 4 Million ) is expected…without any proof whatsover…implying the knockout death blow to current economy is just around the corner.
Talked to a colleague…the scammers will be up and running soon re: Trudeau’s hand outs…
Otherwise same old same old…..
#112Jager-Gates, Obama, Gore.etc.etc.-they all make a big show of buying oceanfront mansions-IMO it is their way of laughing at the sheep-like Jimmy Swaggart said-if God didn’t want them sheared he wouldn’t have made them sheep.
#119 FYI on 04.22.20 at 6:04 pm
hilarious how dumb this guy is
Trump stops hyping hydroxychloroquine after study shows no benefit
Fox News staffers also backed away from promoting drug after a recent US trial did not go well
https://www.theguardian.com/us-news/2020/apr/22/trump-hydroxychloroquine-study-coronavirus
——————————
Well it was worth a try. And the way this study was conducted doesn’t represent a clinical study by any means. It was just a statistical analysis of a certain uncontrolled set of results.
Anyway hydroxychloroquine has never been touted as a “cure”, more like something that reduces the symptoms so you don’t die before you get better.
#120 Deplorable Dude on 04.22.20 at 6:09 pm
#101 Sold out “For the “Trump pill” pushers…”
Lots of critique of that methodology used in that small trial.
a) Treatment needs to start earlier.
b) Needs to be combined with Zinc (which wasn’t used in the trial).
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Alert the CDC to this stunning information, undoubtedly gleaned from a rigorous Fakebook Phase 3 trial.
If HCQ was Trump’s re-election strategy, all hail President Biden.
Sweden resisted a lockdown, and its capital Stockholm is expected to reach ‘herd immunity’ in weeks
https://www.cnbc.com/2020/04/22/no-lockdown-in-sweden-but-stockholm-could-see-herd-immunity-in-weeks.html
#133 yorkville renter on 04.22.20 at 6:36 pm
After all, they ask: if Costco can open without everyone getting infected, why shutter all those other businesses and offices?
Actually, Costco has the highest infection rate of any store that remains open…
Link? – Garth
—
Most likely nobody is collecting stats about this data.
The Costco analogy is excellent. The biggest of the ‘big box’ stores, the temple at which the disciples of consumerism gather to prey and feed, and where those disciples can be said to ‘know the price of everything, and the value of nothing’. Shuttering this giant beast would be akin to closing liquor or beer outlets, cancelling Netflix access, or quarantining cheese doodles. Mercy.
Have we lost our way? Some time ago, in my opinion. The causes have been well articulated by our blog host as well as some (just the usual suspects, not the new riff raff ) thoughtful and reflective blog dogs. The evidence is all around us. The obsession with excess material goods, a growing disconnect with our relationship with nature and actual face to face interactions with other human beings, and a sad abandonment of personal sacrifice and honourable behaviour. We lack unity and are unprepared or unwilling to have honest conversations about the problems that face us as a society and ‘so called’ global community. ( I am sick to death of the phrase ‘global community, by the way). We may just be on the precipice of finding out how truly ‘incompatible’ we are with one another, and that ‘equality of outcome’ versus ‘equality of opportunity’ was always staring right back at us in the mirror the whole time we were engaged in telling lies to one another. Guess we’ll see how it all unfolds, but the current crisis is an ‘accelerator’ of sorts.
As for the tragedy in Nova Scotia, I fear Garth has opened up a can of ‘whup ass’ here. There will be many opinions. Never in our darkest imaginings do we think there are so many monsters roaming the quiet landscapes of the world. Not in beautiful rural Nova Scotia for sure, and not in Mayerthorpe, Alberta, nor in New Brunswick. Nowhere.
I meant to add this…………..
There will be the usual investigations, the accusations, the hand wringing. It may even be established that mistakes or misjudgements were made based on roads paved with good intentions. I’m not going to follow any of it, knowing if mistakes were made some individuals will live with that and suffer the rest of their lives. You don’t have to be religious person to value forgiveness. Just put yourself in that terrible spot for a moment. And it won’t bring back lives lost, including Heidi Stevenson whose service and sacrifice to her community and country will never be forgotten.
@#113 Stone.
“So Garth, do you plan to go and protest in front of the legislature and demand they all be held accountable?”
++++
Whats the point of protesting?
The Nova Scotia premier already threw the RCMP under the bus…..
https://nationalpost.com/pmn/news-pmn/canada-news-pmn/police-face-questions-about-why-emergency-alert-wasnt-issued-during-rampage
I’m sure. Moving forward.
ALL police agencies , not just the RCMP, will be accessing the text “option” in an active shooter situation…
Unfortunately it takes something like this to make a change in official protocol.
This raises elevator flatulence to a whole new level of danger…….
https://nypost.com/2020/04/20/can-the-coronavirus-be-spread-through-farts/
#95Al-letting someone like Dr. Tam decide how and when our economy should function is absolutely insane-but hey if that is what Canadians want then I guess I should roll with it.
“After all, they ask: if Costco can open without everyone getting infected, why shutter all those other businesses and offices?”
I would add all the big names listed on the NYSE … Lowes .. HD .. here in Canada Loblaws\Shoppers .. Metro and so on .. big business thrive and small business go bankrupt
And like Garth said I was asking myself for a while … why ?
This is what happens when elected politicians let unelected doctors run the country.
#118 Money’s Going Poof From Every Gov’t Related Entity! on 04.22.20 at 6:01 pm
Another thing, not one BC politician is taking a pay cut, like a lot of other countries are doing.
The Vancouver mayor, Kennedy Stewart (former Fed NDP, soon to be double-dipping gov’t pensioner) is crying like a baby about how so hard done by Vancouver is doing. Take a g-damn pay cut you loser!!! Lead by example.
=======================
Was watching COV mayor on TV… ……crying poverty…..YET he says (only) 1/5 ….aka 20%… of City Staff have been laid off.
No wonder they are on brink of bankruptcy…..OMG
DELETED
I’m going through the logistics right now of setting up a Bahamanian corporation / offshore accounts for simplicity of operation between countries and asset protection.
Do other folks have these in place? SoggyShorts?
#142 Sold Out on 04.22.20 at 7:00 pm
—
You obviously don’t know much about controlled studies.
Like giving stage 4 cancer patients chemo isn’t going to save any lives, neither is giving this drug to people on their death beds.
It needs to be administered early in the treatment cycle to temper the viral load and halt progression to a more serious state.
Garths collegues are wrong. Vaccines will never keep up to covid no matter how much sequencing they do. Our adaptive immune system combined with antivirals is the only treatment that will keep up with the mutations in this class of pathogens. Its the reason we still have 600k flu deaths in the world and the common cold still out smarts us. Our scientists are headed in the wrong direction, again.
Say what you like about Trudeau, at least we don’t suffer the excesses of Trump’s bottomless ego.
https://www.theguardian.com/us-news/2019/jul/03/donald-trump-fourth-of-july-parade-speech-independence-day
Even the heads of the US Armed Forces have sent their regrets; no one wants to be seen at a North Korean-style military parade to glorify the Tangerine one.
It is going to be one s#%t show after another, all the long way to his November reckoning.
Garth, thanks for letting us in on the client call!
BC Ferries has estimated they are losing 1 million dollars per day.
https://www.cheknews.ca/bc-ferries-struggles-financially-losing-more-than-1-million-a-day-663470/
I had to take a run over to the island and back today.
Cafeteria closed but fully staffed.
Gift shop closed but staff inside cleaning.
Other staff walking around talking to each other.
I’m sure the staff are needed in case there is an emergency but…… optics folks….. optics.
Kinda hard to feel sorry for you when at least 10 of you are standing around talking to each other.
Lets see how this plays out after 3 months of this….. or 6 months…….
#154 Sold Out on 04.22.20 at 7:28 pm
Say what you like about Trudeau, at least we don’t suffer the excesses of Trump’s bottomless ego.
https://www.theguardian.com/us-news/2019/jul/03/donald-trump-fourth-of-july-parade-speech-independence-day
Even the heads of the US Armed Forces have sent their regrets; no one wants to be seen at a North Korean-style military parade to glorify the Tangerine one.
It is going to be one s#%t show after another, all the long way to his November reckoning
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Oops, old story. My bad.
#140 BrianT on 04.22.20 at 6:55 pm
A deliberate course of action intended to deride the untutored masses.
Stay well.
@#272 Deplorable Dude
“So is there anybody T2 isn’t giving money to?”
++++
As of 5pm today….. Donald Trump gets zero.
But I expect that to change soon.
All he has to do is complain… like everyone else.
https://youtu.be/c3NYXJE-oe8
We all wondered what it would be like to be a fly on the wall. Wonder bo more:
Death rate is 0.1 to 0.3% death rate. Over blown scam.
I truly see that Canada will be on Lockdown until 2021.
They will keep playing the numbers. There is no sports or lotto after all.
More to the point, we are being re-programmed as humanity for the new system. This takes time. More economic change is required too. Slowly, else we will protest.
– Look at the data points, they keep stringing us along, never with any timelines. No hard science.
There is NO other news! 24/7 programming still in effect
– The change we see are permanent: barred from Provincial parks and all Crown lands.
– No cultural events; there is to be no other news.
– Parlament will remain closed. They might allow online voting but to what end?
– Students have been assigned Ipads, e-learning still being worked on. This is not a short term change.
– More small businesses must go bust.
– the A.I. is tracking all of this. Pressures will be applied, levers moved over times based online sentiment and results.
– We are given No scientific certainties or reproducable evidence; only mind control.
The more I look the more it reminds me of ‘the fog of war’, equally foggy whom the war is from/with of course.
Some might find this information interesting to think about, maybe. Some might need there tinfoil hat on to watch it, maybe. Either way I hope you’re all well. And I hope the human race wins, if this is a war.
THE CORONA CHRONICLES 4
Veritas TV 40min
https://www.youtube.com/watch?v=e8Jip535UQc
Has PMT fingered out the CCP is not the worlds friend yet? https://www.politico.com/news/2020/04/22/competition-chinese-ppe-empty-planes-201668
If you have more tinfoil, maybe lots. 2hr 40min.
FALL OF CABAL – This Video Will Leave You Speechless!
https://www.youtube.com/watch?v=LjcOh-tRrRA&t=177s&has_verified=1&fbclid=IwAR23NswGj3TVXdB2OYubreo9Ty4KZ3xtj0Cmq5uQT1Oqw4JcCcIhjBUjRnA
#148 crowdedelevatorfartz on 04.22.20 at 7:12 pm
“This raises elevator flatulence to a whole new level of danger…….
https://nypost.com/2020/04/20/can-the-coronavirus-be-spread-through-farts/”
——————————————————-
Fartzy, you are a walking time bomb!!
#135 Nonplused on 04.22.20 at 6:46 pm
“Regardless, we have to get back to work sometime.”
Really? Ever heard of Walden Pond?
#131 Toronto_CA on 04.22.20 at 6:32 pm
“Yes and you should never drive a car ever because there’s a freak chance you could accidentally kill a sainted nun.”
————————————————-
That’s right cowboy! Last thing I need is for some cowboy to run me over…
I get the analogy of the shooters kills versus the virus but to suggest such a thing leads me to hope that you have a solution, because words are cheap.
Better leaders would help. – Garth
#134 Paul on 04.22.20 at 6:45 pm
#107 Lorne on 04.22.20 at 5:21 pm
#81 OK, Doomer on 04.22.20 at 4:13 pm
…..
“Say what you want about Trump, he’s an adult and T2 is a toddler and his actions reflect it. Trudeau is just not part of the adult conversation.”
——————————————————
Well for being a toddler Mr. Trudeau is giving out $200 billion, that’s billion, to fellow Canadians. Quite the toddler!!
#136 NoName on 04.22.20 at 6:48 pm
#87 Comrade on 04.22.20 at 4:40 pm
I have lived through break up of Yugoslavia…Was born and raised in Sarajevo.
—
If you are from there at least you could pick better nick like Gavrilo, I’m sure pozi would be protesting a bit, but eventually he would let it go…
—
:)
sorry, but all those Tito’s pioneers ceremonies run deep in my blood
#158 crowdedelevatorfartz on 04.22.20 at 7:33 pm
BC Ferries has estimated they are losing 1 million dollars per day.
https://www.cheknews.ca/bc-ferries-struggles-financially-losing-more-than-1-million-a-day-663470/
I had to take a run over to the island and back today.
Cafeteria closed but fully staffed.
Gift shop closed but staff inside cleaning.
Other staff walking around talking to each other.
I’m sure the staff are needed in case there is an emergency but…… optics folks….. optics.
Kinda hard to feel sorry for you when at least 10 of you are standing around talking to each other.
Lets see how this plays out after 3 months of this….. or 6 months…….
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Blame Transport Canada staffing regs.
#38 Sold Out on 04.22.20 at 2:35 pm
#30 Sail away on 04.22.20 at 2:21 pm
You do you, SO. I’ll continue to bet heavily on the US.
In a year or so, come by the plantation and I might be able to offer a job picking dog poop or digging fence posts or something.
The only inequalities between us will be wealth, means and influence.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Well, I will confess to holding an ideologically repugnant 7-figure portfolio, and will benefit from any continued assault upon the working class.
That’s enough wealth, means and influence for me. I don’t require the subjugation of, or dominion over, those less fortunate to bolster my self-worth. But good luck with the plan.
———-
Shall I get out the measuring tape to settle things?
#49 mj on 04.22.20 at 2:52 pm
“can someone please explain why the stock HOU is down when oil is up. Thank you.”
————————————————————-
Maybe because it is on the verge of going bust….
Thank you for bringing a different perspective Garth.
Where does this level of debt end? Government and many individuals continue to act as if it does not matter how much debt is accrued. It feels to me this is being brought to an extreme when things will blow out with really bad consequences. Or am I missing something here? Garth and blogdogs, any thoughts would be appreciated
This afternoon in BC Bonnie Henry tells us that for the restrictions to be lifted, the appearance of a new community spread of new cases needs to be eliminated. You mean like PEI, NFLD, NWT, Yukon, and Nunavut? Maybe Man and Sask too. Why then are they not open now, with say border restrictions? Different criteria between provinces and territories or what? Not enough testing? I just can’t make sense of this.
#25 Jager on 04.22.20 at 2:00 pm
“The Fed is clearly trapped. Deflation (stagflation) for some period leading to hyperinflation causing the central bank system to self destruct (2022?)”
——————————————————-
Hey genius, please explain why the monetization champion of the world the Bank of Japan has been doing QE for 30 years before the Federal Reserve even knew what it was and Japan has been teetering on deflation this whole time. The Fed has a long way to go to catch up to the BOJ. Where is your hyperinflation in Japan bucko?
#142 Soldout.
Show me a peer reviewed proper double blind controlled trial with placebos. Not some one off retrospective ‘look back’ at how patients were treated.
Jeeez you only have to read the comments under the ‘report’, to see all it’s flaws.
https://www.medrxiv.org/content/10.1101/2020.04.16.20065920v1
As aside what is it with all the Trump haters so desperate for these drugs to not work?
#9 Ace Goodheart on 04.22.20 at 1:26 pm
#227 Penny Henny:
“I cannot imagine giving someone 1.2 million dollars for that pile of caca.”
———————————————————
Come on now Acester. You know full well that people paying $1.2 million for that caca box are buying it for the lot to put up a $3.2 million palazzo.
#172 n1tro on 04.22.20 at 8:07 pm
“Shall I get out the measuring tape to settle things?”
———————————————————-
On one condition. I get to use a towel. I only want to show you enough to win…
Enough, boys. – Garth
#10 Doug t on 04.22.20 at 1:27 pm
“Stick a fork in this country cause it’s done”
———————————————————-
I got news for you Dougie. The whole world is doing QE. Japan has 8 times the debt load of Canada. Guess you need to stick a pitch fork in them…
32 Lahdeedah on 04.22.20 at 2:23 pm
“. Me, I am but a mere pawn, but one with perspective.”
———————————————————–
Take good notes from the sage of Lunenberg and maybe one day you can make it to row 8 and exchange being a pawn for a queen. Financial checkmate cowboy!
Well, basically what you “Canadians” experience this days is reality of immigrants who have no connections. Something like a prison whit a great wish to work, but….
Now, why they came here? Look if world is not such a shit show, nobody will come, it is acquired taste.
In seventies in Europe on all main airports there were Canadian agents who would approach you if you were wearing a suit, like would you like to come to Canada. And I do not count those who run from justice or mobsters and so on….. For them, this is it. It was free land, plunder and murder, now it is called history. The number one industry in Canada is financial industry (for a long time, now). Still, you are talking about resources…..
#54 BillyBob on 04.22.20 at 3:03 pm
.
“If anyone is to blame for this state of hyper-inflation and indebtedness, its the banks, and private equity firms. Period.”
——————————————————-
Hear, hear! Spot on Billy Bob. For a hillbilly you darn well know what yar talkin about! Well done.
#101 Sold Out on 04.22.20 at 5:07 pm
For the “Trump pill” pushers…
https://apnews.com/a5077c7227b8eb8b0dc23423c0bbe2b2
Told ya so.
———
I guess Trudeau and crew are Trump pill pushers too right?
https://nationalpost.com/news/politics/canada-quietly-secured-order-for-5-millions-pills-of-anti-malaria-medication-eyed-as-potential-covid-19-treatment
#54 BillyBob on 04.22.20 at 3:03 pm
.
“If anyone is to blame for this state of hyper-inflation and indebtedness, its the banks, and private equity firms. Period.”
——————————————————-
Only one problem Billy Bob. Where is the hyperinflation? And by the way, dinner is on the table…
The love of money is clouding some peoples judgement. If it wasn’t for ventilators and medical care, the death rate would be a lot higher. Right wing governments that were snubbing it early on sure have changed their mind. I have money at stake in this too, but I am also aware that if this is not put under control and beaten, who knows what could happen in the future. There is no guarantee for a treatment or vaccine, as this virus seems to have different strains, they have a hard enough time matching the flu vaccine with the possible strains that may come up, imagine this virus that is highly contagious and spreads well before symptoms show up. Anyway stay safe and hope for the best.
Just for reference, Sask had more deaths from west nile in 2012 than we did from covid. Anyway, somebody has to go back to work, might as well be us.
https://www.msn.com/en-ca/news/canada/scott-moe-address-to-the-province-first-steps-to-reopen-saskatchewan-economy-to-come-in-may/ar-BB133MH1?ocid=spartanntp
#170 Comrade on 04.22.20 at 8:00 pm
#136 NoName on 04.22.20 at 6:48 pm
#87 Comrade on 04.22.20 at 4:40 pm
I have lived through break up of Yugoslavia…Was born and raised in Sarajevo.
—
If you are from there at least you could pick better nick like Gavrilo, I’m sure pozi would be protesting a bit, but eventually he would let it go…
—
:)
sorry, but all those Tito’s pioneers ceremonies run deep in my blood
—
i may have participated in one or two of those…
https://www.youtube.com/watch?v=wroIY9IQvYs
#148 crowdedelevatorfartz on 04.22.20 at 7:12 pm
This raises elevator flatulence to a whole new level of danger…….
https://nypost.com/2020/04/20/can-the-coronavirus-be-spread-through-farts/
———-
You better pray it can’t spread that way or the lawsuits coming your way will surely knock the wind out of you.
Emergency alerts are for emergencies. Like an active shooter. They are not for behaviour modification. How is that not obvious?
Covid-19 is an ongoing emergency and getting people to keep up social distancing is a continuing challenge. How is that not obvious?
In any case, my main objection is your equating the shooter emergency with the Covid-19 emergency. They aren’t the same, and they aren’t comparable. It does seem like the government dropped the ball in failing to use the emergency broadcast system for the shooter situation.
I don’t know why they didn’t, but it doesn’t imply that they consider mass shootings business as usual. And it doesn’t mean that we’ve lost our way.
#174 Endless debt
The sad part is that none of know although there are many out there that claim to. If it is possible stay out of debt or take advantage of low interest rates. Change your life, plant that garden, cut spending, we are all (well the majority of us puppets) in the same boat until we demand a system ( that is up to the rest of you/us to decide). Stay strong, if you have children, be an example to them. Just enjoy this current time with them..
#143 not 1st:
This is the largest problem with the current “lock downs” in Canada. No herd immunity. As soon as they release the lock down, the virus will start spreading again.
As soon as they open the US border, it will come up aking with the million or so infected Americans.
They can keep our infection numbers way down by closing most businesses, banning people from coming within 2 meters of anyone they don’t live with and making us line up for hours to buy groceries.
But all they are doing is delaying things.
There is no vaccine and no cure and this virus has free range of our planet. They can’t just shut down Canada and keep it shut down forever.
QUESTION:
Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???
(BTW: got some very VERY interesting links to post next)
Thanx
BC Real Estate Watch:
Not seeing any recent BC house listings within reach of anyone. Nothing I would recommend pursuing if you are a buyer. Maybe by the summer.
Nobody wants to own cash. We all know what happens with the current money printing experiment. Purchasing power continues to be crushed.
#135 Nonplused on 04.22.20 at 6:46 pm
https://globalnews.ca/news/6853378/cargill-meat-plant-shutdown-high-river-mayor-coronavirus/
Still think it is a hoax?
///////
One guy in his 60s. Such devastation, how will the world ever recover.
Well, if you are overweight or obese, you are more likely to end up in the intensive care due to CV-19:
https://www.icnarc.org/DataServices/Attachments/Download/c9b491af-ea80-ea11-9124-00505601089b
Page #6 – BMI index of patients. 74% of people with a BMI from 25 to 40+ end up in intensive care.
#122 jess on 04.22.20 at 6:11 pm
ACE2 receptors
One person in South Korea, known only as patient 31, transmitted the virus to over 1,100 people as she went about her life.
https://qz.com/1822554/how-the-coronavirus-tricks-cells-into-a-full-body-invasion/
—
here is a good videoa about it
https://www.youtube.com/watch?v=LV8wWhjTKRU
#146 the Jaguar….
Thank you for your kind and well-reasoned comment. Post-op criticism is at best too late and at worst mean-spirited.
May all of the victims Rest In Peace and let’s hope lessons have been learned and that there is never a “next time”.
#135 Nonplused not to worry. ONLY Meat plants get hit and shut down. No other plant of any type. Figure it out my frog.
@#171 Sold Out
“Blame Transport Canada staffing regs.”
+++
I believe I already did in my comment.
As I said before, “optics”
Dont have staff standing around in groups of 3 and 4 blathering with “nothing to do” while the executives whine to the news media that they need $300 MILLION dollars from the feds to “survive’ 2020……
I wont be surprised if the Horseshoe bay to Nanaimo is permanently cancelled….
No 87
“My main concern that consequences of the lock-downs, and economy shutdowns will be far worse than virus itself. I have went down the conspiracy rabbit hole, but I am starting to think it is actually worse than this and it is a product of pure idiocracy and incompetence at the top.”
I agree 100% …I have the same concern … idiotic politicians leading the masses in the ditch .. with no plan to get them out of the ditch
@#193 Lost my Lease
“Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???”
++++
Nope. I believe I asked this question about 2 weeks ago.
My question.
“Does anyone know where you can go in BC’s Lowerbrainland to get tested IF your a non emergency/essential worker, a prisoner at the Mission Lockup OR a homeless heroin addict on the downtown east side addict?”
Anyone?
Shouldn’t investors just go to cash and wait this out?
#176 Alan Greenspan, Former Chair of the Federal Reserve on 04.22.20 at 8:14
The Fed’s balance sheet will reach many quadrillions. Forget trillions.
Abenomics given enough rope and time will also crush Japan. Note1: Japans growth rate has been abysmal since 1992 (Monetization doesn’t buy structural/organic growth).
Note2: Japan household debt is approximately 1/3 less then the U.S. relative to GDP while it maintains a trade surplus of well over half a trillion dollars (unlike the half trillion U.S. trade deficit).
Finally, explain your scepticism. What do you believe the outcome of (Keynesian) unlimited monetization results in? Further, if it’s harmless then why should anyone bother to labour?
P.S. “bucko” ?? I’m neither domineering or swaggering. Almost 20yrs of bodybuilding and still a modest dude.
“Emergency alerts are for emergencies. Like an active shooter. They are not for behaviour modification. How is that not obvious? – Garth”
I see that point, but I wonder if the police knew enough at the time to issue the alert before they killed the guy. Also the guy looked like an RCMP from what I understand. Don’t want the locals shooting the actual RCMP while they are conducting a fairly unusual search and have scrambled all available units.
You do actually have to be careful what you tell people at times. There is a difference in how people will react to the news there is a tornado warning as compared to “we think there is a guy dressed as an RCMP shooting people”. Especially if the RCMP is on his tail.
All said, I would say the RCMP did an ok job tracking this guy down and handing him a death sentence. Could it have been better? Well probably. Even Captain Sully had his critics.
Garth Sir, just asking, like in the states what are the chances the laws related to home financing could be revised to allow people to declare bankruptcy and walk away from loans. I think currently they can’t…
Oh, almost forgot.
After posting a 582 million dollar loss in 2018
After posting a 400 million dollar loss in 2019.
This in today.
The hideously expensive, unionized, NDP govt run, BC monopoly car insurance company ICBC ( affectionately known as “Icky Bicky” to those who must pay them thousands every year) is………
GOING TO MAKE A PROFIT!
Why?
Covid 19 is keeping incompetent drivers in expensive vehicles……….off the road.
gee shitty drivers stay home and accidents go down…..who knew.
Sometimes I think this has become a self fulfilling prophecy of sorts – maybe, subconsciously, we want a total and complete reset to the current world. Maybe we are tired, so tired, of the way our existence has been for a long time now. Maybe we feel, deep down inside, that we can have a better world to live in. Maybe we WANT a total reworking of the way we live, work and exist. Maybe this is our chance. Maybe this is where we have been heading all along. Maybe we need it to lead us into the future.
Oops. My bad
2019 fiscal loss for ICky BiCky was 1.18 billion……
https://vancouversun.com/news/politics/icbc-financial-losses-worsen-to-1-18-billion-this-year
But considering that the NDP created ICBC in the 1970’s( ironically it became an election issue to combat escalating private insurance rates……hmmmmm) and 90 % of the staff are unionized…..and the BC Govt employees union are major contributors to the NDP election machine………..there is no way in hell, they will nuke it.
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#203 Leo on 04.22.20 at 9:43 pm
Shouldn’t investors just go to cash and wait this out?
—
It’s hard to eek out money in a tight market.
Slaughtering rubes and seniors, and junior investors… as they abandon viable businesses at a loss instead of holding the line:
https://www.youtube.com/watch?v=qTj8UlZSsCQ
#184 n1tro on 04.22.20 at 8:40 pm
#101 Sold Out on 04.22.20 at 5:07 pm
For the “Trump pill” pushers…
https://apnews.com/a5077c7227b8eb8b0dc23423c0bbe2b2
Told ya so.
———
I guess Trudeau and crew are Trump pill pushers too right?
https://nationalpost.com/news/politics/canada-quietly-secured-order-for-5-millions-pills-of-anti-malaria-medication-eyed-as-potential-covid-19-treatment
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Read your own link, sport, the 14 pt font right under the headline.The HCQ was secured to continue treating auto-immune diseases – aka: the diseases that actually respond to it.
Governments handled the PR on this terribly and now are in the bind they created too much irrational fear.
It seems more of a failure of Propaganda and spin. They didn’t know the average Netflix bingeing Canadian is so crazy fearful of anything they would rather sit home and get diabetes than risk stubbing a toe.
The Media gets full marks for setting off mass hysteria to sell papers.
So here we are. Maybe in the future students in high school will be taught that healthcare and taxes originate from a real economy.
Seen elsewhere:
“corona virus is an anagram for carnivorous”
seems to be
And only MEAT plants are being closed.
All that fake meat hype last year was the sell
I’ve been stating since the beginning of this, this is all about our food supply. The lockdown will continue as the supply is wound down. Manadatory lab grown food
#193 Lost…but not leased on 04.22.20 at 9:06 pm
QUESTION:
Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???
(BTW: got some very VERY interesting links to post next)
Thanx
————————————————————–
I havn’t but given the number of people that visit this blog daily it would be an interesting poll to conduct.
#169 Mr. Rogers on 04.22.20 at 7:59 pm
Well for being a toddler Mr. Trudeau is giving out $200 billion, that’s billion, to fellow Canadians. Quite the toddler!!
…………………………………
Not his money. He is giving away your money. Actually he is giving away money borrowed in you name. Your children and grand children will be paying that off. Maybe. If he was giving away his own money I might be impressed. Be prepared for a major tax hike in the next few budgets.
Remember about 6 weeks ago Angela Merkel announced 70% of the human race would get the virus? I don’t think that helped the world at all. She was deeply irresponsible and incompetent making such a statement. Is that how you lead a country, lead a citizenry, lead a population? Imagine if Churchill had announced, we are declaring war and ten to twenty million Brits will die.
Well Germany is now re opening up folks.
Yep government incompetence is the trademark of our times. Blame it on our poor education system designed to breed lemmings? Maybe.
#202 crowdedelevatorfartz on 04.22.20 at 9:40 pm
@#193 Lost my Lease
“Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???”
++++
Nope. I believe I asked this question about 2 weeks ago.
My question.
“Does anyone know where you can go in BC’s Lowerbrainland to get tested IF your a non emergency/essential worker, a prisoner at the Mission Lockup OR a homeless heroin addict on the downtown east side addict?”
Anyone?
============
Actually…Dr Bonnie , Adrian D*ckhead and the odd rogue MD have duly noted that hoSPITal beds are mostly empty…thus our $ociali$t medicare $y$tem is looking for cu$tomer$…
…..unlike other businesses( ie such as airlines) that are increasing in waiving the “white – flag” in bulk numbers.
aka Come on Down…..last COVID – 19 patient (ie 99% survival rate)please turn out the lights/rights and keep Greta happy !!!
#203 Leo I went to 50% cash and now buying up gold mining stocks (KL), ETFs and MNT – Royal Canadian Mint Reserves.
Relative to gold your cash could depreciate quickly. Unless you only want to bottom pick stocks in a market that could go sideways for 10 years. I’d diversify.
#123 Dan on 04.22.20 at 6:20 pm
#41 cramar on 04.22.20 at 2:37 pm
I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
/////////////
Having heard this story, I had to dig very deep into my soul. I kept searching for any ounce of feeling or remorse or guilt. It turns out I don’t care. I just thought I would share an honest opinion, because I suppose most people you talk to in person feel obligated to fake some emotional response.
——————
I don’t know why you would feel any remorse or guilt. You didn’t have anything to do with her death. But no feeling is another matter altogether. It’s called EMPATHY for the suffering of another human being. It’s a component of emotional maturity.
Skylar’s parents are first responders. Her father is a firefighter and mother a police officer. The ultimate cruelty is that they were out working in the hot zone of Detroit only to have their child die horribly of the virus.
Let us not forget that 800 Canadians die each day of all causes.
45,000 Canadians die each year from smoking.
We cannot wait for the vaccine. It took 50 years to make the Ebola vaccine. After 6 years still no Zika vaccine.
Re: #201 cristian on 04.22.20 at 9:40 pm
No 87
“My main concern that consequences of the lock-downs, and economy shutdowns will be far worse than virus itself. I have went down the conspiracy rabbit hole, but I am starting to think it is actually worse than this and it is a product of pure idiocracy and incompetence at the top.”
I agree 100% …I have the same concern … idiotic politicians leading the masses in the ditch .. with no plan to get them out of the ditch”
Been a virtual recluse most of my life.
Cannot remember the last time I went to a restaurant.
Would rather be tearing down an old International Harvester Tractor than socializing any day of the week.
When they started this lock down, on March 16th, 2020, it was the best day of my life. I was told not to come back to work, to a job that I hate and was planning on retiring from anyway. Just couldn’t shake off the file load and actually get out of there. Virus did it for me.
Went home to find out that the wife is still working. In Health care. As the lock down progressed, and we learned that we were going to be made to stand for hours in food lines, I also learned that health care workers jump the line.
Send the wife for groceries now. No wait time. She just walks in. No lines at the check outs. Shopping is actually quicker.
All the noisy bars at the end of my street are quiet on Fridays and Saturdays. I can finally sleep. No house parties, no noise at all after 8pm. I could pitch a tent and sleep on my drive way, the neighborhood is so quiet.
They banned the kids from the parks. But they didn’t ban me. I can now walk where I used to get narrowly missed by errant baseballs. The soccer fields behind our house are like giant empty royal walking pitches. I can stand in the middle and contemplate life. As long as I stand two meters away from anyone else. Which is fine with me.
Even the annoying mother in law, who wanted to co-parent my 23 month old, has been handled by this crisis. She used to be at our house every other day, telling us how to parent, what, he is not toilet trained yet, what is wrong with you, you don’t know what you are doing, why is he not talking, you are feeding him all the wrong things.
She won’t come near him now. She is afraid of death and a virus. Apparently children can carry it without symptoms. She won’t even come up the driveway.
And my stocks keep paying their dividends. I made a little over $125,000 US dollars during the initial stock market funk following the lock down. Everything bounced back. I didn’t sell anything. The dividends just keep coming. REITS are being given away for less than book value. Preferred shares, my favorites, are almost free.
And to top it off, the larger houses we are looking at, for our growing family, are getting cheaper. Everyone is out of work. No one can get a mortgage. I have investments coming out of every possible place and the spouse is still working full time, in emergency health care, which is an amazing business to be in if you are in a pandemic.
We learned that COVID-19 is most likely caused by a vitamin D deficiency. We take 2000 UI per day. She has cared for many COVID patients. Not even a sniffle in our house. We are not getting sick. 80% of the people who get the virus, don’t show symptoms. I think I know why.
But I have this nagging itch. I feel like my good fortune is coming at the expense of other people’s ruin. I know a number of people who are going bankrupt as their businesses have been shut down and they cannot pay their bills. I have a friend who runs a couple of pubs downtown. He used to be rolling in cash. He is selling his entire car collection as he has no money left.
I am watching neighbors miss mortgage payments, get six month deferrals. My paradise is their hell.
There is something wrong with what is happening right now in Canada.
#143 not 1st on 04.22.20 at 7:03 pm
Sweden resisted a lockdown, and its capital Stockholm is expected to reach ‘herd immunity’ in weeks
https://www.cnbc.com/2020/04/22/no-lockdown-in-sweden-but-stockholm-could-see-herd-immunity-in-weeks.html
_ _ _
Nope, that study has already been refuted:
Sweden Health Agency Withdraws Controversial Coronavirus Report
https://www.forbes.com/sites/davidnikel/2020/04/22/sweden-health-agency-withdraws-controversial-coronavirus-report/#612b22f54349
CBC news reported tonight that 15,000-20,000 cardiac procedures have been delayed due to fears of the pandemic. 100,000 other surgical procedures have been put on hold also.
It also looks like many people are avoiding getting treatment for cardiac issues for similar reasons.
https://www.cbc.ca/news/canada/calgary/alberta-cardiology-hospitals-warnings-1.5534809
I wonder how the math on all of this versus COVID will look in the rear view mirror one day. No one can say for sure right now, and I don’t want to sound like some dumb Texas or Georgia politician. But it’s troubling.
#162 NFN_NLN on 04.22.20 at 7:44 pm
https://youtu.be/c3NYXJE-oe8
We all wondered what it would be like to be a fly on the wall. Wonder bo more:
Death rate is 0.1 to 0.3% death rate. Over blown scam.
___________________
What the???
What’s up with the guy saying that “it’s alright, everybody here’s been vaccinated anyway.”?
With what vaccine?
Could they be talking about something else? It does say Coronavirus Task Force on the sign
131 Toronto_CA on 04.22.20 at 6:32 pm
#41 Cramar…” I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
Yes and you should never drive a car ever because there’s a freak chance you could accidentally kill a sainted nun.
————–
Non sequitur. People show their lack of critical thinking skills by spinning this as a black and white issue.
I drive, but when I do I try to do it responsibly. I don’t want to cause an accident or injury to someone else. I drive, but I don’t race up the street at 80 in a 50 zone. That is irresponsible.
My point with these protestors, besides their self-centered attitude of nothing else matters but their own individual rights, is that if you want to go back to working and jobs that is fine. But at least do it responsibly. Take precautions like wearing face masks, maintaining distances, and wash your hands often. Most of them could not care less about these things as shown on their video clips. Social responsibility be damned, nobody is going to tell them what to do.
#200 crowdedelevatorfartz on 04.22.20 at 9:36 pm
@#171 Sold Out
“Blame Transport Canada staffing regs.”
+++
I believe I already did in my comment.
As I said before, “optics”
Dont have staff standing around in groups of 3 and 4 blathering with “nothing to do” while the executives whine to the news media that they need $300 MILLION dollars from the feds to “survive’ 2020……
I wont be surprised if the Horseshoe bay to Nanaimo is permanently cancelled….
—————————————————————
Can’t see that happening once things get back to normal. We overlook Departure Bay and we can tell you that in summer time you have to book well ahead if you want to get a space on it. Very busy terminal.
#17 Gordon on 04.22.20 at 1:47 pm
#4 calgary rip off on 04.22.20 at 1:13 pm
—————
Great comment!
!!!!
You beat me to it. I concur.
Also, I’m grateful for the effort the Dawgs are expending here tonight. Tx Team!
I’ve quelled my temper that led to ill-advised comments from me of late. Sorry.
Rock on Garth…
WUL
M64OvercastSweetSpringSkiesInPummeledFtMacTonigt
#203 Leo on 04.22.20 at 9:43 pm
Shouldn’t investors just go to cash and wait this out?
====================================
Unless you have a crystal ball and know what the markets are going to do from one day to the next and knowing how quickly markets can turn, that would probably not be a good idea if you are currently invested in a balanced and diversified 60/40 portfolio.
“…no emergency alert put out by the NS government telling people to take cover. As a result of not knowing about the gunman, lives were apparently lost.”
——————————————–
With all respect, Garth, how could an emergency alert have adequately warned people without admitting that the public was not to trust a man in an RCMP uniform.
Had such a warning in fact been issued, I worry that more RCMP officers could have been killed (by residents taking up arms in their neighbourhood).
Incredibly, the death toll could have been even higher.
BlogDog123 on 04.22.20 at 1:02 pm
“And when they send Amber alerts to bedside phones while people are sleeping it really pisses people off…”
Besides, the people who were burned to a crisp in their own home wouldn’t have heard it anyway.
Yes, I think we have lost our way. The doctors knew many months ago that the most threatened part of the population was in the nursing homes. What was done to improve their protection? It appears that next to nothing was done. If we had provided hospital ICU protocols to the nursing homes we could have saved a lot of lives and perhaps been able to keep our economy in better shape. Instead Canada is spending a huge amount of money to have people stay home and we still aren’t doing all that much to protect the seniors. Sad…my mom is 101 and in one of those homes so it causes me a lot of concern!
There is just no reasoning with donkeys and zealots.
We are so screwed
Nobody knows where this will end.
Maybe it will end well ?
There was an emergency notification put out by the United States consulate, to American citizens. The “trusted” RCMP was waiting for Trudeau’s propaganda team to script an anti – gun tirade. At least the RCMP admitted as much, that they were working on an announcement, after the gunman was already pronounced dead on the ground. Pathetic politically correct (trusted by whom, municipalities across Canada cancel RCMP contracts) RCMP has blood on its hands. No doubt about it. It’s all in the papers. Read it for yourself before you congratulate them. How’s about an honest perspective on fact ? The RCMP did a horrible job here. Let’s forget about how much fun we had when Mommy took us to see the nice horsies at the “Musical Ride”. Let’s examine what happened and get these people straightened out.
#193 Lost…but not leased on 04.22.20 at 9:06 pm
QUESTION:
Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???
(BTW: got some very VERY interesting links to post next)
Thanx
———-
Someone at my work was diagnosed. About 3/4 of the company was at work during that time as it was the week before the company called for everyone to work from home. The company sent an email a week after saying anyone that the infected person was in contact with were notified.
I think I may have had covid-19 end of Feb. One of the symptoms is losing sense of smell right? My son made a number 2 one evening and wife was commenting on how such a small person could make such a stink. I didn’t notice the smell that night. ¯\_(ツ)_/¯
#198 Trish on 04.22.20 at 9:32 pm
#146 the Jaguar….
Thank you for your kind and well-reasoned comment.
agree…agree…agree…
The Jag is solid. Or, in the vernacular of Cowtown, “a man to ride the river with.”
Most of these comments are a waste of pixels, however, they are an exemplar of where most Canadians’ heads are at: Question nothing, accept everything.
But for a few commenters (TurnerNation, Coho, BS, Lost…but, Cristian) with the cognition to go beyond the TV screen, steerage is a yawwwn.
Market is holding steady. Market is forward looking. Oil is worthless? Market says meh. Nothing historic going on unless a few years ago when the market was at this level was also historic. Things will get worse but market thinks it’ll all come back quickly. Well see.
Re: #171 Sold Out on 04.22.20 at 8:06 pm
#158 crowdedelevatorfartz on 04.22.20 at 7:33 pm
BC Ferries has estimated they are losing 1 million dollars per day.
https://www.cheknews.ca/bc-ferries-struggles-financially-losing-more-than-1-million-a-day-663470/
I had to take a run over to the island and back today.
Cafeteria closed but fully staffed.
Gift shop closed but staff inside cleaning.
Other staff walking around talking to each other.
I’m sure the staff are needed in case there is an emergency but…… optics folks….. optics.
Kinda hard to feel sorry for you when at least 10 of you are standing around talking to each other.
Lets see how this plays out after 3 months of this….. or 6 months…….
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Blame Transport Canada staffing regs.
++++++++++++++++=++=
That is just showing the incompetence of upper management not being able to convince Transport Canada of money saving tactics, or more likely, know they will be bailed out so they still get their bonuses.
Who here believes that any exec will miss their quarterly bonus, especially the execs getting paid by Phoenix. I have not heard of one exec not getting paid. BC quasi-gov’t CEO-CFOs getting paid $500k+ for running this company is criminal, especially when these lumps can’t even get Fed money like Quebec and PEI for their bridges. I guess they sit on their thrones spinning their thumbs or counting the bushels of 100 dollar bills falling into their laps every minute. Don’t get me started on all the other gov’t CEOs whose salaries have exploded in the past 10+ years because we have to pay to get “quality” people.
Thisa is from 7 years ago during the BC Liberal regime: https://globalnews.ca/news/916736/bc-ferries-sky-high-salaries-and-bonuses-under-fire/
If these guys were worth their money their companies would be swimming in cash, especially when you have to pay $100+ for a 30 mile BC ferry ride.
Fire the lot of upper+mid mgmt, or at least dock them 1/2 their pay for being so limp noodly.
Tear up their exec contracts, these are extraordinary times, just like Christy “the bandit” Clark did and spent 10 years and multi-millions to lose in Supreme Court. No doubt all set up by their lawyers!
And they blame the workers, nuff said……..
#193 Lost…but not leased on 04.22.20 at 9:06 pm
QUESTION:
Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???
(BTW: got some very VERY interesting links to post next)
Thanx
________________________________
Yes I know a friend who had COVID19. He was 90 years old and just got back from London England where he took in several shows. He contracted COVID19 in England. He passed away within a week of getting back to Canada. RIP my friend.
Is the Corona Virus lock down working?
The eight U.S. states that have still not issued statewide shelter-in-place ordinances are below the national average in coronavirus cases and deaths, per capita. Sweden has no lock down and is amongst the lowest in Europe.
https://video.foxnews.com/v/6151453689001
Nova Scotia RMCP chief defends ‘dynamic and fluid’ response to massacre
Really 13 hours and working on a message? Try active shooter in the area. Stay in your home.
But someone was doing their job.
Wow how did the US consulate come up with such a complex message in minutes. The RCMP and NS government couldn’t do it in 13 hours. To be fair the NS government had to worry about enforcing social distancing at the dog park which is a higher priority.
https://www.citynews1130.com/2020/04/22/chief-defends-response-to-massacre/
I’m starting to think China just faked us all out. We didn’t just flinch, we snapped our own necks from the whiplash.
204 Jager on 04.22.20 at 9:46 pm
The Fed’s balance sheet will reach many quadrillions. Forget trillions.
Abenomics given enough rope and time will also crush Japan. Note1: Japans growth rate has been abysmal since 1992 (Monetization doesn’t buy structural/organic growth).
Note2: Japan household debt is approximately 1/3 less then the. U.S. relative to GDP while it maintains a trade surplus of well over half a trillion dollars (unlike the half trillion U.S. trade deficit)
Finally, explain your scepticism. What do you believe the outcome of (Keynesian) unlimited monetization results in? Further, if it’s harmless then why should anyone bother to labour?
P.S. “bucko” ?? I’m neither domineering or swaggering. Almost 20yrs of bodybuilding and still a modest dude.
————————————————————–
You need to develop a sense of humour “bucko”. “Bucko” was my Richie Cunningham imitation:) Congrats of the 20 years of body building and still being a modest dude!
Your dire predictions are not shared by the world’s leading authority on hyperinflation, Steve Hanke, Professor of Applied Economics at John Hopkins University. Read his article and respond. I don’t want to clog the Great Garth’s blog with everything in it. I take it you are not recognized as the world’s greatest authority on hyperinflation?:)
https://cryptonews.com/exclusives/exclusive-qe-won-t-trigger-hyperinflation-says-world-s-hyper-6176.htm
Housing market cratering?? Just spent a sunny, albeit chilly afternoon in the little park in my backyard.. grilling things, having beers and wines… I guess I’m the only one who enjoys that and willing to pay for it than. Everybody else just lining up to shove their money into stocks and bonds.
#202 crowdedelevatorfartz on 04.22.20 at 9:40 pm
@#193 Lost my Lease
“Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???”
++++
Nope. I believe I asked this question about 2 weeks ago.
My question.
“Does anyone know where you can go in BC’s Lowerbrainland to get tested IF your a non emergency/essential worker, a prisoner at the Mission Lockup OR a homeless heroin addict on the downtown east side addict?”
Anyone?
————— $$ ————-
Hi Crowded & Lost my lease…
I do not know anybody in my whole massive international circle of people , nor do I have the Chinese virus. Canada, Italy, Spain, Cuba, US, Japan. Ages from 87 through to 6 months old, nothing! W T heck!
I heard from my pharmacist, that she knew of one single client that may have confirmed a case.
And the hospital emerge in Richmond BC is Empty ! Similar all over BC.
I understand a drive through corona testing is available behind Vancouver women’s and children’s hosp, Oak and 33rd in Vancouver BC.
Call 811 and ask for others in BC.
#240 Alphageddy Lee on 04.23.20 at 12:34 am
“But for a few commenters (TurnerNation, Coho, BS, Lost…but, Cristian) with the cognition to go beyond the TV screen, steerage is a yawwwn.”
————————————————————
Yawwwwnnn, yawwwnn, that would include you Lee baby. You are going to get the Yawn of the Year award at the blog dog party being held at IHCDT9’s country paradise when this pandemic ends. I will personally give it to you. And then yawwwnnnn…
#224 Ace Goodheart
We learned that COVID-19 is most likely caused by a vitamin D deficiency. We take 2000 UI per day. She has cared for many COVID patients. Not even a sniffle in our house. We are not getting sick. 80% of the people who get the virus, don’t show symptoms. I think I know why.
—-
Yep.
Ridiculed, banned “conspiracy theorists” have been saying this for a long time. Just like what they have been saying about ventilators.
Now we have gathered enough data at the expense of medical science guinea pigs that a headline screams: 90% 0f COVID-19 Patients On Ventilators Won’t Survive.
#99 Lahdeedah on 04.22.20 at 5:06 pm
#54 BillyBob on 04.22.20 at 3:03 pm
#7 Lahdeedah on 04.22.20 at 1:17 pm
————————————————————————————
Meh. You lost me when you embraced the whole victimhood meme.
– – – – – – – –
Oh, sorry, does embracing the predatory ‘meme’ part of this post make you feel more comfortable?
It’s cute that you think you’re not a part of this picture, because you are. Enter, the denial meme.
=================================================
Nope. I’m not buying $59 sweaters. And no one else is forced to either. The whole “predatory capitalist – consumer victims” thing is just one more tired attempt to avoid personal engagement and responsibility. Same as it ever was.
Try again. Maybe less angry.
A little about the Covid virus in Canada.
According to the Worldometers website, so far Canada has reported 40,180 cases with 1,974 deaths.
But the testing rate in Canada so far has been 16,220 tests per million population for an aggregate of 612,192 total tests so far for the whole country.
In Alberta, the Cargill beef plant in High River just shut down as they have a real shitshow going on there.
And the Brooks beef plant is in the process of shutting down right now. The Province has done absolutely no testing in the Brooks area at all ….. period, till literally last weekend
Brooks showed it’s first case on Friday April 10th, it’s second on Sunday, April 12th, and it’s third case on Thursday, April 16th.
But by Saturday April 18th, the total cases became 40 which turned to 103 by the next day and to 115 by Monday and finally by yesterday it has risen to 257 cases so far and i expect likely a bunch more to follow.
Fact is that because no tests were done, there were no cases. Yet at the same time in order to come up with 257 cases so far in less than a week the virus has had to be at work spreading infection therough the whole area.
And from my understanding the virus has spread well beyond the plant.
So for anyone to take this shit casually and think it can’t happen to them, good luck to that.
And for anyone to think that any government has your back in this whole unwinding, good luck to that too.
For a modest $600,000, this gut job in east Toronto can be yours!
Actually doesn’t seem like a bad deal for those who are handy, considering the location at Danforth and Woodbine.
https://www.bungol.ca/map/43.682811&-79.359226&14?listing=96-moberly-avenue-toronto-e4744333-4096029
#87 Comrade on 04.22.20 at 4:40 pm
Current situation in Canada reminds me of 1986 Yugoslavia.
Masses dependent on the state, economic slowdown, declining standard of living for the majority, gov’t bribing population with debt, currency to be devalued, federation not working for everyone, and people are realizing that their leaders are detached from reality.
Next step: demagogue leaders are taking power.
Well, there is definitely some heavy duty baking going on out here in the sticks. Getting some flour, brown sugar, pecans, chocolate chips etc… is getting to be like finding toilet paper when all this crap started.
On the flip side, having everyone home is killing off all home baked treats twice as fast. I had to intervene when I saw the kids having apple pie for breakfast! Buggers!
I want to make a couple more apple pies, but I dread going out and trying to obtain the bloody ingredients…
@#229 Ronaldo
“We overlook Departure Bay and we can tell you that in summer time you have to book well ahead if you want to get a space on it. Very busy terminal.”
++++
Its super busy in the Summer, True enough.
But Nanaimo and the Island is NDP/Green territory.
How about the Libs….?
https://www.citynews1130.com/2014/11/04/bc-ferries-considering-the-closure-of-departure-bay-terminal/
They looked at closing Nanaimo’s Departure Bay 6 years ago.
Most of the ferries that run there are the 45 year old “Queen of City Class” built in the late 70’s early 80’s.
All of those ships will reach their end of use in the next 5 to 10 years max……
Now they build them in Poland, Romania, etc. for 100’s of millions of more debt…
https://vancouverisland.ctvnews.ca/video?clipId=1943910
Three major terminals on Van Island?
Two around Nanaimo.
If you needed money and wanted to sell the land, which one would be worth more money.
Duke Pt or Departure Bay?
Departure bay would make a nice Hotel / Marina some day.
The Northern Routes all lose money.
The Sailings from Pt Hardy to Bella Bella are cancelled this summer. The Sea Wolf will spend another summer tied to the dock
Only one large ship ( not two)will be sailing from Pt Hardy to Rupert and the Charlottes this summer….if at all. Kinda hard to keep people in their cars on an over night sailing…..
Watch BC Ferries join a long list of govt agencies to bleed lots of red this year.
Not to worry ICBC will make a profit.
I’ll be renewing the 18 year old company chev van for $3000 per year this week …..
God bless govt monopolies.
One of the great problems of reopening and allowing everyone to manage their own risk is that no one knows their own risk. It’s affecting people all very differently, and since it’s brand new no one really understands what it can do.
What sort of lingering effects will it have? Certainly people with pre-existing conditions are seeming to take harder hits, but not always. The elderly as well, but not always.
The thing about managing pandemics properly, I’ve come to learn, is that when you do it properly, it looks like you’re overreacting. Because terrible things don’t come to pass. Much like vaccination in general, so many anti-vaxxers think because we’re not swimming in death from disease that our bodies must be more capable than they actually are at fighting things off naturally.
Good health practice can be a victim of its own success in that way.
Anyway, I’m in my late 30s and healthy so my risk is likely low. Likely. But who really knows? I am comfortable staying this course because I don’t want to get sick. But more importantly, I don’t want to infect others who may not fare as well as I likely would. There are many elderly in my building. They deserve a chance.
I don’t want to sacrifice anyone’s grandma, just so I can go back to the movies early.
I get there is going to be a hell of a reckoning when this is over, economically. But the economy is man-made and should serve the needs of people, not the other way around. Things are unlikely to go back to normal after this. We don’t know what’s going to happen.
@#253 Hicksville
“So for anyone to take this shit casually and think it can’t happen to them, good luck to that.
And for anyone to think that any government has your back in this whole unwinding, good luck to that too.”
++++
I wouldnt be surprised if 50% of the Canadian population hasnt already been infected and most passed it off as a mild flu or headache.
It would be kind of difficult to keep those people “self isolating” if they already had it with minor problems.
I ask again , WHERE are the tests?
Its been over a month of “wash your hands” pablum in the media.
WHERE are the tests?
Or do the idiots in charge have a good idea that most are already infected and are hoping this will wash through the rest of the pop with as minimal hospital overflow problems as we have currently experienced.
Eventually this will be over and the real story will come out.
Donkeys in charge, sitting in endless meetings……video conferences ….of course.
Zoom zoom
@ #7
“They are the ones outsourcing all the manufacturing jobs to China, so they can sell the *SAME* product with a much higher margin, meanwhile eliminating jobs at home.”
Bingo. That’s why people ought to consider buying most of their stuff on the secondary market. When you get up to 97% off, you short-circuit monstrous, wallet-sucking profiteers.
I like to keep some of my sweat and toil equity on hand for situations just like the one we currently find ourselves in.
#41 cramar on 04.22.20 at 2:37 pm
Interesting facts on the news last couple days.
This virus just keeps getting worse. Up to 30%-50% of bad COVID-19 cases on ventilators also are suffering kidney failure! Besides ventilators, dialysis machines with experienced staff are needed. If these people survive, the recovery of kidney function is unknown as are the long-term implications.
To the woman protestor in the U.S. demanding her state re-open businesses and stating, “I’d rather die of COVID-19 than have my freedom taken away!”
I’d like to ask her, “Does that including the freedom to pass the virus on and killing the next 5-yr old Skylar Herbert who developed meningitis and spent 14 days on a ventilator before finally dying?”
————————————————–
We all have sympathy for Skylar. But with that thinking how about little Johnny who died in a car crash the other day, or aunt Becky who died of the flue last week. With that thinking, if I see you going over 60 on the highway I’m going to conduct a citizens arrest to save that little Johnny.
Point is there is risk in life, and its up to us as a society to decide where to draw the line on societal control.
Based on countless examples where the health system wasn’t strained in this instance of risk, I would say lets go the Sweden way. And if you want to stay safe, stay safe inside for the next year and collect EI. As you do, you should have the right to do so.
#241 Al on 04.23.20 at 12:46 am
Market is holding steady. Market is forward looking. Oil is worthless? Market says meh. Nothing historic going on unless a few years ago when the market was at this level was also historic. Things will get worse but market thinks it’ll all come back quickly. Well see.
—————————————————————
Mr. Market is really something. Shrugs off everything. Negative rates, negative oil prices, 27 million new jobless American claims in less than a month, 90% collapse in revenue in many sectors, rampant bankruptcies, shuttering of countless businesses, double digit contraction. Fundamentals out the window!!! Heck, even nuclear war would be a yawner to Mr. Market while it plays with freshly printed trillions from the good ol’ central bank.
Pffft…who cares? Mr. Market is forward thinking with no positive future data or precedent for what is still unfolding. Cognitively dissident, but “forward thinking”.
Give me a break.
@ #18
A nation of far wealthier people than we currently have. Would that it were so.
Canada would brim with optimism.
#255 SunDays on 04.23.20 at 8:22 am
Next step: demagogue leaders are taking power.
—- –
Already done. Trudeau is the first PM to get in purely through promising handouts, and heavy use of identity politics (plus name and hair). No substance or solid plan whatsoever. The guy lives in Lala land along with most of his caucus.
The real problem is that Canadians themselves lap it up. In a way, maybe this virus mania is needed here in Canada to smarten everyone up a bit. 5-6 months of this economic shutdown will slap us around real good. Plenty will lose their jobs permanently, and with a guy like Trudeau making policy, we may even get some serious and entrenched currency devaluation. Everyone will get a good spanking one way or another.
IMHO, Canada’s prosperity as a whole has suffered greatly since Trudeau got in. Now we see just unbelievable financial destruction happening. Not too many seem concerned. It’s going to be a good half a Trillion in new debt from just this one PM come 2023.
If we collectively vote in another space cowboy PM like Trudeau after this, I’m calling Canada done like dinner. Then it’s time to decide what in form our wealth will be held, because it sure as hell will not be in Canadian dollars.
#189 n1tro on 04.22.20 at 8:54 pm
#148 crowdedelevatorfartz on 04.22.20 at 7:12 pm
This raises elevator flatulence to a whole new level of danger…….
https://nypost.com/2020/04/20/can-the-coronavirus-be-spread-through-farts/
———-
You better pray it can’t spread that way or the lawsuits coming your way will surely knock the wind out of you.
/////////////
I read it’s no problem as long as you don’t do it moistly.
#193 Lost…but not leased on 04.22.20 at 9:06 pm
QUESTION:
Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???
/////////////
Friend’s mom, passed away. She was in nursing home. Was on tv for a few days in Toronto. Also another acquaintance, also in nursing home.
#258 Jenn on 04.23.20 at 8:45 am
One of the great problems of reopening and allowing everyone to manage their own risk is that no one knows their own risk. It’s affecting people all very differently, and since it’s brand new no one really understands what it can do.
What sort of lingering effects will it have? Certainly people with pre-existing conditions are seeming to take harder hits, but not always. The elderly as well, but not always.
The thing about managing pandemics properly, I’ve come to learn, is that when you do it properly, it looks like you’re overreacting. Because terrible things don’t come to pass. Much like vaccination in general, so many anti-vaxxers think because we’re not swimming in death from disease that our bodies must be more capable than they actually are at fighting things off naturally.
Good health practice can be a victim of its own success in that way.
Anyway, I’m in my late 30s and healthy so my risk is likely low. Likely. But who really knows? I am comfortable staying this course because I don’t want to get sick. But more importantly, I don’t want to infect others who may not fare as well as I likely would. There are many elderly in my building. They deserve a chance.
I don’t want to sacrifice anyone’s grandma, just so I can go back to the movies early.
I get there is going to be a hell of a reckoning when this is over, economically. But the economy is man-made and should serve the needs of people, not the other way around. Things are unlikely to go back to normal after this. We don’t know what’s going to happen.
********************************************
You are buying into the new spin. This lockdown was never about no one every being infected and getting the death and infections to zero. It morphed into that once we started flattening the curve and our hospitals were no longer at threat to be overrun.
Lockdowns SLOW down the spread of the deaths and infections over a longer time horizon. They do not STOP the spread of the the virus and death totals are just spread out over time as it is impossible to shut an economy down for the 2 years or so it will take this virus to run its course. So yes, at some point the economy matters because if we slip into a Great Depression, those last 10 years not two and have more devastating consequences on society as a whole than this virus will. The overreaction should have been in protecting Long Term Health Care facilities from the start because 64% of the deaths in Canada are there. That’s 1,263 vs 513 deaths in the rest of the population in a country of 37.5 million people.
#257 crowdedelevatorfartz on 04.23.20 at 8:37 am
…Not to worry ICBC will make a profit.
I’ll be renewing the 18 year old company chev van for $3000 per year this week …..
God bless govt monopolies.
——— –
What a horror show. I did some shopping since I got laid off and ended up firing two of my insurers, house and auto. Saved some big $$$.
For the same $ as just what you are paying for the old work Van, I am insuring 3 drivers (one of them not even with full G licence yet) over two vehicles, and my house! How do families afford insurance in BC, specifically in the GVRD?
In our household, I currently insure 1 young driver, two adults, and insure two vehicles, one motorcycle, and two ATV’s, plus the house. That has to be a 10 thousand dollar bill anywhere near Vancouver.
Crazy. My 17 year old truck on its own is 650.00 per yr, full coverage.
I remember Ponzie was so blown away at how low our private insurance rates were here in Ontario, he was on here asking other dudes living in Ontario to validate my claims hahaha!
Then Penny Henny posted his private Ontario rates, and he was paying even less than me lol!
In so many ways, The GVRD is a freaking joke. I wish you a clean, and speedy exit upon your retirement Fartzy.
#214 Sold Out on 04.22.20 at 10:17 pm
#184 n1tro on 04.22.20 at 8:40 pm
#101 Sold Out on 04.22.20 at 5:07 pm
For the “Trump pill” pushers…
https://apnews.com/a5077c7227b8eb8b0dc23423c0bbe2b2
Told ya so.
———
I guess Trudeau and crew are Trump pill pushers too right?
https://nationalpost.com/news/politics/canada-quietly-secured-order-for-5-millions-pills-of-anti-malaria-medication-eyed-as-potential-covid-19-treatment
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Read your own link, sport, the 14 pt font right under the headline.The HCQ was secured to continue treating auto-immune diseases – aka: the diseases that actually respond to it.
—————————-
My bad. I didn’t realize the Canadian government itself was in the research and development business of curing diseases. You would think the 2M dosage donated by Apotex specifically for covid-19 research was an indicator what the pills are used for.
https://www.newswire.ca/news-releases/canada-s-apotex-donates-two-million-dosages-of-hydroxychloroquine-to-the-public-health-agency-of-canada-843392095.html
Since the drug is such a big failure according to your scientific assessment, Canadians can at least rest easy that the money isn’t wasted as we can use those pills to treat all the malaria Canada gets in the summer.
@#266 Penny Henny
“nursing home”
++++
No surprise there.
Seems to be the majority of the fatalities.
Any other blogdogs out there know of anyone WITH Covid in the general pop?
middle age, normal health, tested positive?
#260 maxx on 04.23.20 at 8:54 am
@ #7
“They are the ones outsourcing all the manufacturing jobs to China, so they can sell the *SAME* product with a much higher margin, meanwhile eliminating jobs at home.”
Bingo. That’s why people ought to consider buying most of their stuff on the secondary market. When you get up to 97% off, you short-circuit monstrous, wallet-sucking profiteers.
I like to keep some of my sweat and toil equity on hand for situations just like the one we currently find ourselves in.
—- –
I tend to think the days of outsourcing labour to developing nations and collecting full Western pricing for same are long gone. Too many are doing it, and competition for your Western dollars here has long since pounded those margins back to reality. They’ve all got the same costs from the same manufacturers over there, and have beat each other up on price for 2 decades. The result is plain to see for anyone who can remember buying stuff in the 80’s.
Poof is everywhere on the consumer goods front. Bloody cheap! You can get a 12hp riding mower new on sale for 1000.00, you couldn’t do that in the 80’s even using 80’s dollars. We’ve got dudes across the ocean making our stuff for a few bucks a day, I still stand in awe at just how cheap things are in our globalized manufacturing world. It’s a consumer’s paradise.
I hear ya on buying used though. Kijiji is another boon for consumers. I just bought a sweet 550.00 stainless steel Laundry Tub for 225.00 that had never been out of the box! Tax free too :D.
Chris Selley
Trudeau was wrong to tell reporters to anonymize the Nova Scotia mass killer
Reasonable people can disagree on all these things. But the news is events, it’s places, it’s timelines — and it’s names. That’s never going to change, and no free society should want it to.
https://nationalpost.com/opinion/chris-selley-trudeau-was-wrong-to-tell-reporters-to-anonymize-the-nova-scotia-mass-killer?video_autoplay=true
People make up their own religion to give themselves power in a spiritual world. The religion has rules, punishments and rewards. In Trudeau’s religion, the crazed maniac who murdered people in Nova Scotia must not be named. This rule gives him power – power to create a spiritual world where the maniac is erased. Punishment for naming the maniac is his disapproval – it’s not much but it’s the best he’s got right now. A more severe punishment would create a better spiritual world.
Without a made-up religion, we are left with pain and anguish – we search for answers where there are none. It’s funny that in our world where answers are a click away, we don’t have answers for the most pressing questions. We need religion and we’ll find it one way or another.
@#268 Ihctd9
“Crazy. My 17 year old truck on its own is 650.00 per yr, full coverage.”
+++
Yep, Icky Bicky is quite a cash grab for every govt since its inception….until the past few years when the “New Driver” grad gift Maserati’s seem to be smashing into things with unprofitable frequency.
My 1992 1 Ton work truck drives less than 2000kms per year. Its on th e road maybe 1 moth a year if you add up all the delivery days ( I start it every few weeks to slop oil around).
ICBC has a “low mileage savings rate” if you drive your vehicle less than 5000kms per year…..but it doesnt apply to commercial vehicles…..
So. $3000 per year insurancefor a 1992 chev 1 ton with 128,000 original kms on it….that drives very very few miles per year.
Its a loud, smelly polluting beast……kinda like me…
#268 IHCTD9 on 04.23.20 at 9:37 am
—
Canada is already done, people just don’t realize it yet.
Looking at the money being thrown around for this, there is no place to tax for this. If they hit RE, our biggest churn GDP contributor, then the economy dies. No oil (biggest export) or AB tax to go after anymore. Raise personal taxes higher than they are? People will just go back to pandemic mode and sit in their house. Property taxes? GST? That’s a sitting duck maybe.
I think all that’s left to do is give Trump a call.
#254 Howard on 04.23.20 at 8:11 am
For a modest $600,000, this gut job in east Toronto can be yours!
Actually doesn’t seem like a bad deal for those who are handy, considering the location at Danforth and Woodbine.
https://www.bungol.ca/map/43.682811&-79.359226&14?listing=96-moberly-avenue-toronto-e4744333-4096029
———
Total dump. Looks like some one was planning to fix and flip but has since decided he’d rather have 600k – I wonder why?
You don’t even want to see what 600k buys you out my way. I’d guess that half a house would get 170k or less 1.5 hrs away from Toronto in any direction.
#264 IHCTD9 on 04.23.20 at 9:08 am
T2 is a moderate federalist with good intentions compared to what is coming.
To stay with the YU analogy, he is a Branko Mikulić (President of YU in 1986) character. The Slobodan Milošević character is yet to come.
And I hope I am wrong on this.
‘Instead of Coronavirus, the Hunger Will Kill Us.’ A Global Food Crisis Looms.
https://www.msn.com/en-ca/news/world/instead-of-coronavirus-the-hunger-will-kill-us-a-global-food-crisis-looms/ar-BB135Gbv?ocid=spartanntp
#275 IHCTD9 on 04.23.20 at 10:17 am
“Total dump. Looks like some one was planning to fix and flip but has since decided he’d rather have 600k – I wonder why?
You don’t even want to see what 600k buys you out my way. I’d guess that half a house would get 170k or less 1.5 hrs away from Toronto in any direction.
————————————————————-
Has anyone ever told you the 3 most important things about real estate? Location, location, location. The dump is priced for its lot only and its location. The house means nothing. That’s true for all the dumps. Folks are buying them for their lot value.
#270 crowdedelevatorfartz on 04.23.20 at 10:03 am
@#266 Penny Henny
“nursing home”
++++
No surprise there.
Seems to be the majority of the fatalities.
Any other blogdogs out there know of anyone WITH Covid in the general pop?
middle age, normal health, tested positive?
———————————————————–
Yep, friend of mine. Early 40s, no health issues and in a coma on a ventilator
#270 crowdedelevatorfartz on 04.23.20 at 10:03 am BIL’s nephew.
https://www.cbc.ca/news/canada/windsor/windsor-fire-and-rescue-covid-19-andrea-dejong-1.5533573
No additional detail.
TLDR – Down she goes
] turning off our economy has put us into a viscous viral circle of ‘economic repercussions’. Even TO RE might be taking a hit. How much? it depends, on ‘factors’.
] On this blog(OTB), ‘the Debate’ is on for those who wish to self manage ‘the bug risk’ VS those who are OK with gov mandated bug risk management(BRM). (The result/conclusion of said debate is a] above the pay grade. b] BRM by gov, c] BRM self determined or d] TBD).
] On parl hill – the political will or perhaps skill for such debate is lacking
] bonus – podcast discussion on how oil could become momentarily/temporarily worthless.
#274 not 1st on 04.23.20 at 10:14 am
#268 IHCTD9 on 04.23.20 at 9:37 am
—
Canada is already done, people just don’t realize it yet.
Looking at the money being thrown around for this, there is no place to tax for this. If they hit RE, our biggest churn GDP contributor, then the economy dies. No oil (biggest export) or AB tax to go after anymore. Raise personal taxes higher than they are? People will just go back to pandemic mode and sit in their house. Property taxes? GST? That’s a sitting duck maybe.
I think all that’s left to do is give Trump a call.
……………………………………
Business and corporate taxes, HST 15-20%, dividend tax, capital gains/housing tax, inheritance tax. Luxury goods tax. For starters.
Just had a quick listen to the podcast by Los Tres Amigos, otherwise known as Turner Investments. All those ‘beeps’ were a reminder of how undisciplined people are about timely attendance on conference calls. Also detected a bit of a Saskatchewan accent on Lewenza. Frightening. Could be wrong, but a definite drawl there….
A good call overall. Oil is down on its luck right now. No surprise there, but oil still runs the world, and when the world comes back so will the ‘oil bidness’. With regard to hospitality industry I think when things re-open you will see predatory behaviour. Mom and pop restaurants will fold, prized locations taken over by companies who are better capitalized, etc. Smaller, single operators will be the cream that rises to the top. It will resemble the hollowing out of the middle class in a restaurant kind of way. People in the renovation business will see opportunities and should be sharpening all tools at their disposal. Same will be true of retail in general, but then we have been ‘over retailed’ for quite some time and players falling by the wayside for years.
As for Trump, don’t really see that the crisis is hurting him as it is not of his making, he is following medical advice but showing the correct aggressiveness about reopening America, nor does any other world leader stand out in comparison. Biden is the most uninspiring candidate ever, riddled with scandals that will surface nearer to election day, and will never pass the Montreal Cognitive Assessment Test anyway. Love him or hate him Orange Man will finish first, especially if the Dems really lose their sh_t and drag poor old Hillary onstage again. It would be fun to see her lose twice to the barbarian.
#247 Alan Greenspan on 04.23.20 at 1:58 am
______________________
Henke is an Austrian. He believes in Gold backed Currencies. He also didn’t say hyperinflation was not possible. Just not PROBABLE. Hyperinflation is a currency event. Complete loss of confidence in a currency.
That doesn’t mean we don’t get a serious bout of inflation when all is said and done. Especially if as Henke says:
“On the one hand, if the central banks continue to inject liquidity at their current unprecedented high rate and do not eventually remove it, inflation will definitely pick up.”
does this mean 50% + monthly inflation? his definition of hyperinflation? not likely.
will it mean anywhere between 5-10% inflation? more than likely.
there is no way the FED will EVER remove ANY of this stimulus. it’s more likely that they will continue to increase their balance sheet in the next few weeks to 10-12Trillion. what’s also likely is they will eventually guarantee state and local governments. pension funds from governments. etc. add another 40-50Trillion of newly printed dollars for that too.
the latest numbers of Austrian TRUE money supply have simply EXPLODED. and they will explode further.
What a surreal time to be alive.
1) Covid 19 lockdown of economy
2) Oil price crash
3) Nova Scotia one man terrorist , this defies explanation or reason
Nova Scotia thoughts and prayers are with you all.
The government should start setting up COVID colonies, just like they did LEPER colonies.
https://www.seeker.com/where-do-leper-colonies-still-exist-2015107873.html
Leprosy has not been fully eradicated. Colonies still exist. The government orders quarantine in remote sites for those that have the disease. To protect the public at large.
Separate the afflicted from the non afflicted.
Time to move on.
Open up the economy.
Our lives depend on it.
Today, I’m taking a garage full of empties back for recycling. I should come out of it with about 50 bucks.
Then, it’s off to Wal Mart to line up and get 50 bucks worth of eats.
That’s a lot of pasta.
I don’t receive CERB.
CERB = Canadians Eating Rice & Beans
You heard it here first, folks!
#274 not 1st on 04.23.20 at 10:14 am
#268 IHCTD9 on 04.23.20 at 9:37 am
—
Canada is already done, people just don’t realize it yet.
Looking at the money being thrown around for this, there is no place to tax for this.
— –
Yep, not sure where 200+ billion annual deficits fit into the tax schemes of 17 or so million private sector workers. We already know that the higher taxes go, the less of a fraction of the increase gets paid.
I work in sales, and one of my rules is that you never push a profitable customer to the point where they decide to start shopping around. 99%, they will find a better price, even if only because someone else is trying to get their foot in the door.
I mentioned earlier how I fired two of my insurers, this happened because of increases. I even told my home insurer last year after they put my rates up, that if it happened again anytime soon, I’d be calling around. Yet, my renewal was put up again this spring. Now they’ve lost the business all together. In all of the 19 years I was with them, I never made a single claim.
Taxpayers are like this too. Resistance, defiance, and shopping around for options and savings. Everyone has their breaking point. Go too far, and revenues start falling as a percentage of the increase. This is the beginning of the road to revenue destruction.
Trudeau isn’t going to be able to raise taxes enough to get a handle on the debt, nor will he try – the guy doesn’t give a rip about debt. He won’t make cuts either, probably do the opposite. Canadians seem to like this too, so we may get more Trudeau’s in the future.
Just do the math. It’ll be servicing the debt only, and pilling on more every year until the bond market says “no more”. Then the BOC will start buying them and we can watch cauliflower go to 10.00, then 20.00, then 30.00…
Wow, another 4.4 million US jobs lost last week. Goodbye V-shaped recovery.
HELLO!
How can they make a vaccine for something that’s mutated 100’s of times?
#283 the Jaguar on 04.23.20 at 10:50 am
” Also detected a bit of a Saskatchewan accent on Lewenza. Frightening. Could be wrong, but a definite drawl there….”
——————————————————–
Yah got something against the good folks of Saskatchewan cowboy?
#288 IHCTD9 on 04.23.20 at 11:24 am
#274 not 1st on 04.23.20 at 10:14 am
#268 IHCTD9 on 04.23.20 at 9:37 am
—
Canada is already done, people just don’t realize it yet.
Looking at the money being thrown around for this, there is no place to tax for this.
— –
Yep, not sure where 200+ billion annual deficits fit into the tax schemes of 17 or so million private sector workers. We already know that the higher taxes go, the less of a fraction of the increase gets paid.
I work in sales, and one of my rules is that you never push a profitable customer to the point where they decide to start shopping around. 99%, they will find a better price, even if only because someone else is trying to get their foot in the door.
I mentioned earlier how I fired two of my insurers, this happened because of increases. I even told my home insurer last year after they put my rates up, that if it happened again anytime soon, I’d be calling around. Yet, my renewal was put up again this spring. Now they’ve lost the business all together. In all of the 19 years I was with them, I never made a single claim.
Taxpayers are like this too. Resistance, defiance, and shopping around for options and savings. Everyone has their breaking point. Go too far, and revenues start falling as a percentage of the increase. This is the beginning of the road to revenue destruction.
Trudeau isn’t going to be able to raise taxes enough to get a handle on the debt, nor will he try – the guy doesn’t give a rip about debt. He won’t make cuts either, probably do the opposite. Canadians seem to like this too, so we may get more Trudeau’s in the future.
Just do the math. It’ll be servicing the debt only, and pilling on more every year until the bond market says “no more”. Then the BOC will start buying them and we can watch cauliflower go to 10.00, then 20.00, then 30.00…
———————————————————
Always funny to see people who are proud of saving more than they spend bemoan the federal deficit.
Talk about NHL finishing the season.
Vetted players…sterile arena, no fans.
Talk of the film industry starting up.
Has anyone out there been on set?
It’s a peti dish stuffed full of people running in near panic mode 12-14 hrs a day.
Bit of a disconnect there regarding working conditions.
Are technicians and actors expendable?
Unlike the professional athletes.
No body knows what’s going on.
They are winging it.
Get prepared this isn’t going to end well.
So Cuomo is on CNN saying McConnell suggests blue states declare bankruptcy.
California still seventh largest economy on Earth?
Markets go up on this type of news every time since 2008.
New York just reported this morning a 0.5% fatality rate after extended antibody testing, and that’s still probably on the high side. Will come down with more testing.
Flu fatality is about 0.1/0.2%.
So Covid19 is roughly worse case 2.5x more fatal than flu.
So we nuked our economy due to the flat-curvers hittjng the panic button.
#9 Ace Goodheart on 04.22.20 at 1:26 pm
Oh, and if anyone is thinking of investing in ETFs that track oil futures, do not do it. Bad situation. Many of these funds are going to zero.
—————————————————————
You may have come incredibly close to bottom ticking USO. Now that they’ve rolled the futures exposure out the curve a fair ways, not likely it goes to zero anytime soon.
#278 Uncle Al Sinclair on 04.23.20 at 10:43 am
Has anyone ever told you the 3 most important things about real estate? Location, location, location. The dump is priced for its lot only and its location. The house means nothing. That’s true for all the dumps. Folks are buying them for their lot value.
—- —
Sure. But the lot value is based on lala land metrics.
Does Toronto pay twice as high wages compared to pretty much any other city in Canada? Nope, not the highest, second highest, third highest, fourth highest – you get the idea. Lots of other cities pay same or higher average wages, and re costs less.
Are Torontonians very happy folks who just love living there?
https://www.blogto.com/city/2019/10/toronto-least-happy-cities-canada/
Nope. Toronto is one of the least happy cities in Canada. Even worse, it finds the Toronto youth the saddest of them all exploding in mental health issues and eating disorders. Opioid and Alcohol related deaths are going through the roof. Much of this tracks back to low incomes (see point #1).
Why are the houses so expensive? It’s not the wages, it’s not the quality of life, it’s not the joy of living there. It’s definitely not the fresh air.
Give me some sound believable reasons why most of Toronto isn’t simply just straight-up stupid for what they are willing to shell out for a (crap) house instead of looking for the easily found greener pastures elsewhere?
#293 Deplorable Dude on 04.23.20 at 12:31 pm
New York just reported this morning a 0.5% fatality rate after extended antibody testing, and that’s still probably on the high side. Will come down with more testing.
Flu fatality is about 0.1/0.2%.
So Covid19 is roughly worse case 2.5x more fatal than flu.
So we nuked our economy due to the flat-curvers hittjng the panic button.
————————————————————
So, let’s say its .5 for the Covid-19, and .2 for the flu. Flu R0 is around 1.3 and for Covid-19, estimates range between 2 and 3, let’s call it 2.5.
Question: If I have the flu, how many people will I pass it to after 10 steps and how many will die? And what are the same numbers for Covid-19?
Answer: for the Flu, 14 cases and .02 expected deaths. For Covid-19, 9500 cases and 47 expected deaths.
So, no, this isn’t anything like the flu.
Garths economic thesis on this crisis is cracking because so many politicians are treading in eggshells and exploiting the crisis for their pet movements.
What could have been a hard 3 week lockdown and return to normal is now baby steps 6 months out. The damage to the economy is exponential. I don’t see how a person invests in this. Politicians wiping out personal wealth and livelihoods because of the boogeyman? This has to be agenda driven now and that’s a lot more scary than any virus.
Fast or slow, the economy’s direction will be up. Financial assets augmenting. Real assets – not so much. – Garth
#297 IHCTD9 on 04.23.20 at 12:39 pm
“Give me some sound believable reasons why most of Toronto isn’t simply just straight-up stupid for what they are willing to shell out for a (crap) house instead of looking for the easily found greener pastures elsewhere?”
—————————————————————
Economics 101. You have heard of supply and demand perhaps? If the demand is there and the supply is low, prices will go up. For any product or market. Until the supply goes up and the supply goes down, prices will remain high. Now go back to baking your cookies…:)
Correction in my last post to the cookie baker, aka, IHCDT9, “until the supply goes up and the demand goes down, prices will go up.” Too much wine for lunch…
#292 Tater on 04.23.20 at 12:16 pm
“Always funny to see people who are proud of saving more than they spend bemoan the federal deficit.”
Sigh. Occasions of ‘declared emergency’ should be the ONLY times federal deficits are permitted (s/b by law) and by doing so, sets the standard for us private sector folk, 1/2 of whom wallow in “debt hopelessness”:
https://www.bnnbloomberg.ca/50-of-canadians-face-insolvency-amid-debt-hopelessness-survey-1.1376463
#299 not 1st on 04.23.20 at 12:45 pm
“Garths economic thesis on this crisis is cracking because so many politicians are treading in eggshells and exploiting the crisis for their pet movements.”
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The bearded mystic sage, oracle of Lunenberg, all wise, all knowing financial prognosticator, lone voice of financial reason crying out in the financial wasteland of Canada, crystal ball gazing, tea leaf reading sage, Harley riding badass, devoted husband and lover of all things canine, NYTimes bestselling author, former Minister of National Revenue, staunch opponent of QE, denouncer of money printing happy politicians and lastly all round jolly good fellow, does not have a cracking thesis! It is sound and as solid as the foundation of his stately bank in lovely Lunenberg! Sheesh!
#284 PSL on 04.23.20 at 11:09 am
#247 Alan Greenspan on 04.23.20 at 1:58 am
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Henke is an Austrian. He believes in Gold backed “Currencies. He also didn’t say hyperinflation was not possible. Just not PROBABLE. Hyperinflation is a currency event. Complete loss of confidence in a currency.
That doesn’t mean we don’t get a serious bout of inflation when all is said and done. .”
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I know Henke is an Austrian (for the uninformed, we are referring to the Austrian school of economics).So we get some inflation. Will it be as bad as the massive deflations that occurred in the economy when the gold standard existed? I will take some inflation over massive deflation any day of the week. Henke also makes it clear why hyperinflation will IS NOT PROBABLE. For an Austrian to say this means a lot…
IHCTD9 on 04.23.20 at 11:24 am
“Just do the math. It’ll be servicing the debt only, and pilling on more every year until the bond market says “no more”. Then the BOC will start buying them and we can watch cauliflower go to 10.00, then 20.00, then 30.00…”
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Just be glad you are getting your CERB payments. Now get your butt out into that garden you have in paradise and start planting cauliflower. You will make a fortune selling them for $40, $50, $60 each…
I know it’s taboo to talk about.
But if it turns out this was engineered then that changes everything.
Then it becomes a weapon.
#271 IHCTD9 on 04.23.20 at 10:04 am
“I hear ya on buying used though. Kijiji is another boon for consumers. I just bought a sweet 550.00 stainless steel Laundry Tub for 225.00 that had never been out of the box! Tax free too :D.”
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Get ready to fill that tub with ice and water for all our beers when you host the Blog Dog party. Working on getting Captain Garth and his merry men to come and speak to us. It is going to be a blast!!
#193 Lost…but not leased on 04.22.20 at 9:06 pm
QUESTION:
Does A-N-Y-O-N-E on this blog know of ANY PERSON that has been ACTUALLY diagnosed with COV-ID 19 ???
(BTW: got some very VERY interesting links to post next)
Thanx
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My cousin’s girlfriend got it and then he got it from her – they were tested and confirmed. He was already on quarantine due to attending a conference where a confirmed case developed. Other than that, I have no personal, direct knowledge of anyone that had it.
My family (except my wife and newborn son) all got the symptoms of COVID-19 in late February but never got tested. A friend of my daughter probably got it from her and was tested and they said it wasn’t COVID-19, so we probably didn’t have it (despite exact symptoms that matched what my cousin had)…
#297 IHCTD9 on 04.23.20 at 12:39 pm
#278 Uncle Al Sinclair on 04.23.20 at 10:43 am
Has anyone ever told you the 3 most important things about real estate? Location, location, location. The dump is priced for its lot only and its location. The house means nothing. That’s true for all the dumps. Folks are buying them for their lot value.
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Sure. But the lot value is based on lala land metrics……..
Why are the houses so expensive? It’s not the wages, it’s not the quality of life, it’s not the joy of living there. It’s definitely not the fresh air.
Give me some sound believable reasons why most of Toronto isn’t simply just straight-up stupid for what they are willing to shell out for a (crap) house instead of looking for the easily found greener pastures elsewhere?
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Correct, the lot value is always, always based on la-la land metrics. Its the same here out on the west coast, where the Vancouver Real Estate Board recently notified their members “Realtors have been identified by the provincial government as ESSENTIAL service providers” (Yeah OK!).
I can’t count how many conversations I’ve had with people who’ve been convinced by brilliant RE cartel marketing that land is scarce and thats why so expensive, meanwhile we all live in the least sparsely populated country in the world. Everywhere you look, there’s open space, but is it really open space? no its not, its an illusion, there’s no land to be had anywhere, no where to build anything. Most people fall for it hook, line, and sinker. No independant thought whatsoever. My cousin is a realtor and he’s got the inside scoop so I believe him.
297 IHCTD9 on 04.23.20 at 12:39 pm
Just read the report. It states that EVEN THOUGH TORONTO IS BOOMING, some people (people with low income, and youth with dependency issues) are struggling and therefore unhappy.
Real estate is overvalued and it is a problem. It’s creating all kinds of inequality.
But the corollary to that report is if someone is successful, or well grounded, then Toronto is the place to
be.
MF
So now the twitter crowd is out trying to demonize Saskatchewan for trying to slowly reopen their economy over a period of 6 weeks. I mean this is baby step stuff.
In my dreams the productive would get to go back to work, prosper and live with unimpeded rights. The scared, non essential, SJW shamers, MSM pablum eaters stay as a quarantined underclass waiting for cheques while their freedoms are eroded daily.
Re: #278 Uncle Al Sinclair on 04.23.20 at 10:43 am
“Has anyone ever told you the 3 most important things about real estate? Location, location, location. The dump is priced for its lot only and its location. The house means nothing. That’s true for all the dumps. Folks are buying them for their lot value.”
They are all semi detached houses though.
How does a person tear down 1/2 of a semi, and then build an autonomous house, on a lot that is maybe 15 to 20 feet wide?
Even if you were able to shore up the other 1/2 of the house (unlikely, as most semis in Toronto share a structural bearing wall in the middle, straddling the property line, which, if removed, causes the entire building to collapse), you still would be left in the situation where you had to build 3 feet from the lot line on each side.
So your house would be between 9 and 14 feet wide, including the outside walls and cladding. The interior could not be larger than maybe 11 feet wide at the most, and at the least maybe 7 feet wide, allowing for drywall, 2x4s and outside cladding.
So you end up with a house that is maybe 10 feet wide on the inside, with no parking for a car, at all, and perhaps a law suit from the neighbor next door, who has endured having one of the long side walls on her house ripped off when you tore down your side of the building.
I just wonder what people are thinking when they set themselves up for this stuff.
Remember when we had to “bend the curve”?
And then remember when we had to “flatten the curve”?
And then remember when we had to “wait for zero new cases”?
And now we might have to wait for a vaccine?
Pathetic.
Hospitals are so empty that they did a story on the covidnews the other day asking people to please come to the hospital if they needed urgent care. They realized that people might actually die at home without covid, but because of covid.
#310 MF on 04.23.20 at 1:32 pm
297 IHCTD9 on 04.23.20 at 12:39 pm
Just read the report. It states that EVEN THOUGH TORONTO IS BOOMING, some people (people with low income, and youth with dependency issues) are struggling and therefore unhappy.
Real estate is overvalued and it is a problem. It’s creating all kinds of inequality.
But the corollary to that report is if someone is successful, or well grounded, then Toronto is the place to
be.
MF
——
I did read the report.
It said Toronto was one of the least happy cities in Canada (booming or not).
It also said that young Torontonians are the most unhappy of them all (booming or not).
It also said inequality is on the rise in Toronto (booming or not).
Evidently when things are “booming” in Toronto, only the rich successful, well grounded folks find happiness. Obviously said folks are being outnumbered in greater proportions every year by their counterparts – the “regular folks”.
#304 Alan Greenspan, Former Chair of the Federal Reserve on 04.23.20 at 1:07 pm
Will it be as bad as the massive deflations that occurred in the economy when the gold standard existed?
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and what massive “deflations” are you referring to?
#300 Uncle Al Sinclair on 04.23.20 at 12:54 pm
#297 IHCTD9 on 04.23.20 at 12:39 pm
“Give me some sound believable reasons why most of Toronto isn’t simply just straight-up stupid for what they are willing to shell out for a (crap) house instead of looking for the easily found greener pastures elsewhere?”
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Economics 101. You have heard of supply and demand perhaps? If the demand is there and the supply is low, prices will go up. For any product or market. Until the supply goes up and the supply goes down, prices will remain high. Now go back to baking your cookies…:)
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Yes, I understand the S+D laws. What I am lacking is sound explanations for said demand.
It’s not great wages, not happiness, not fresh air, not great public transportation, not great RE prices, not quality of life.
Yet prices are high. Why?
Gotta go, over timer just went off!
#292 Tater on 04.23.20 at 12:16 pm
Always funny to see people who are proud of saving more than they spend bemoan the federal deficit.
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I always get a chuckle out of folks who think everyone needs to spend like gangbusters before a government can balance a budget.
One trick I employ for balancing a budget is to **stop spending so much damn money**, this always seems to help.
#309 TheDood on 04.23.20 at 1:29 pm
.
“I can’t count how many conversations I’ve had with people who’ve been convinced by brilliant RE cartel marketing that land is scarce and thats why so expensive, meanwhile we all live in the least sparsely populated country in the world. Everywhere you look, there’s open space, but is it really open space? no its not, its an illusion, there’s no land to be had anywhere, no where to build anything. Most people fall for it hook, line, and sinker. No independant thought whatsoever. ”
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In 2005, the GTA was blanketed by the world’s largest greenbelt. The day the ink was sealed Toronto roared ahead to become the condo capital of North America. Condos popping up faster than a porn star’s…sorry I digress. So it is irrelevant that a city like Toronto is housed in the 2nd largest country in the world and then has a 7500 sq km greenbelt surrounding it. If the land is not open to development it is as if it is not even there. I suspect Vancouver has the same problem…
https://en.wikipedia.org/wiki/Greenbelt_(Golden_Horseshoe)
#315 PSL on 04.23.20 at 2:14 pm
#304 Alan Greenspan, Former Chair of the Federal Reserve on 04.23.20 at 1:07 pm
Will it be as bad as the massive deflations that occurred in the economy when the gold standard existed?
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“and what massive “deflations” are you referring to?”
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Oh just the 95% deflation of the Great Depression for starters….
#316 IHCTD9 on 04.23.20 at 2:20 pm
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“Yes, I understand the S+D laws. What I am lacking is sound explanations for said demand.”
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Whatever sound explanation anyone who wants to buy a $1.5 million dollar tear down (not a typo btw, people buy $1.5 million dollar tear downs) gives you will not be a sound explanation to you but what you think is sound doesn’t mean diddly squat. Until the folks who are willing to shell out the big bucks for the tear downs keep the demand going and as long as the supply is low…. you get the picture cake boss.
#302 UmiouiuS on 04.23.20 at 12:57 pm
#292 Tater on 04.23.20 at 12:16 pm
“Always funny to see people who are proud of saving more than they spend bemoan the federal deficit.”
Sigh. Occasions of ‘declared emergency’ should be the ONLY times federal deficits are permitted (s/b by law) and by doing so, sets the standard for us private sector folk, 1/2 of whom wallow in “debt hopelessness”:
https://www.bnnbloomberg.ca/50-of-canadians-face-insolvency-amid-debt-hopelessness-survey-1.1376463
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So the only time society as a whole should be able to save money is during a crisis? You may want to rethink that.
Our income is someone else’s expenditure. So, to have savings, someone else has to have debt. It can’t be any other way. Luckily we have a federal government who can take on that debt.
#305 Farmer Fred on 04.23.20 at 1:11 pm
Just be glad you are getting your CERB payments. Now get your butt out into that garden you have in paradise and start planting cauliflower. You will make a fortune selling them for $40, $50, $60 each…
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Yeah, and once I’ve sold 1000.00 worth of cauliflower, I can take my fortune of worthless dollars to Walmart and buy a T-shirt.
There’s a good vid on YouTube somewhere of a guy going through a Zimbabwian department store, and showing the price tags on various products. 500 million for a shirt, 50 billion for a few groceries lol! Cough!
Downtown broker Stephen Glaysher gives us more. Sales from March until now have fallen 85%. Condo sales have crashed 73%. Leases are off 69%. Prices and rents are both fading.
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Who the hell wants them now? Yuck, recirculated air and stuffy 25 floor elevator rides.
Sorry crowdedelevatorfartz no insulted intended.
#314 IHCTD9 on 04.23.20 at 2:12 pm
#310 MF on 04.23.20 at 1:32 pm
297 IHCTD9 on 04.23.20 at 12:39 pm
Just read the report. It states that EVEN THOUGH TORONTO IS BOOMING, some people (people with low income, and youth with dependency issues) are struggling and therefore unhappy.
Real estate is overvalued and it is a problem. It’s creating all kinds of inequality.
But the corollary to that report is if someone is successful, or well grounded, then Toronto is the place to
be.
MF
——
I did read the report.
It said Toronto was one of the least happy cities in Canada (booming or not).
It also said that young Torontonians are the most unhappy of them all (booming or not).
It also said inequality is on the rise in Toronto (booming or not).
Evidently when things are “booming” in Toronto, only the rich successful, well grounded folks find happiness. Obviously said folks are being outnumbered in greater proportions every year by their counterparts – the “regular folks”
________________________________________
Further to that it is by race as well on how well you are doing. If your white educated then your typically doing well. If not in that demographic then its a long uphill battle.
https://www.newswire.ca/news-releases/toronto-s-vital-signs-report-exposes-toronto-s-worsening-inequality-814696668.html
#320 Uncle Al Sinclair on 04.23.20 at 2:47 pm
#316 IHCTD9 on 04.23.20 at 2:20 pm
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“Yes, I understand the S+D laws. What I am lacking is sound explanations for said demand.”
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Whatever sound explanation anyone who wants to buy a $1.5 million dollar tear down (not a typo btw, people buy $1.5 million dollar tear downs) gives you will not be a sound explanation to you but what you think is sound doesn’t mean diddly squat
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I think you’re having trouble understanding the question.
Is every house in Toronto sold to a flipper? Nope, most just want to live in the thing right?
If you agree, then what drives Toronto prices to such high levels?
Not wages
Not quality of life
Not Joy of living there
Not fresh air and clean environment
Not great public a Transportation
Not great House prices
What then?
@ #20
At this price, I can’t let this one get away.
Heavens, that décor. Quelle horreur! The perfect style storm. Faux Chippendale straddling 2 types of flooring, slamming into a Windsor, which in turn looks like it’s trying to gate crash the 90’s pickled beige dining suite. And do I spy with my little eye a Louis XV bergère flirting with that Chippendale table? The bog rolls in the bathroom are displayed like the crown jewels and I won’t even go into the creative two-toned sofa arrangement.
#325 IHCTD9 on 04.23.20 at 3:51 pm
#320 Uncle Al Sinclair on 04.23.20 at 2:47 pm
#316 IHCTD9 on 04.23.20 at 2:20 pm
—-
“Yes, I understand the S+D laws. What I am lacking is sound explanations for said demand.”
————————————————————
Whatever sound explanation anyone who wants to buy a $1.5 million dollar tear down (not a typo btw, people buy $1.5 million dollar tear downs) gives you will not be a sound explanation to you but what you think is sound doesn’t mean diddly squat
——-
I think you’re having trouble understanding the question.
Is every house in Toronto sold to a flipper? Nope, most just want to live in the thing right?
If you agree, then what drives Toronto prices to such high levels?
Not wages
Not quality of life
Not Joy of living there
Not fresh air and clean environment
Not great public a Transportation
Not great House prices
What then?
_______________________________________
Brilliant marketing by the RE cartels, directed towards dumb, uneducated sheep, who rush in to buy, with no thought whatsoever of the consequences.