Bottomless

No Time for Austerity.

You betcha. And that was the theme of today’s Throne Speech. What a surprise.

The Trudeau government is gearing up for a national child care program, universal pharmacare, enough spending on green initiatives to create a million jobs (good luck with that), plus oodles more money for testing, vaccine development and pandemic-fighting. Enhanced EI benefits will be extended and the wage subsidy program rolled right into next summer. No big UBI announcement but – as detailed here a few days ago – that $199-billion-per-year Godzilla would require massive tax changes to fund.

Speaking of tax, Throne speeches never detail such stuff – and we’ll get a lot more from Commander Chrystia in a few weeks. But the Liberals did promise they will be “identifying additional ways to tax extreme wealth inequality,” attack stock options, and also take a run at the online giants like Facebook.

The key phrase, “this is no time for austerity.” So much for the warnings of bankers, business leaders and those pesky Conservatives. More money will be coming for the travel business, arts, hospitality and targeted subsidies for businesses nailed in soon-to-come regional lockdowns. More for women, racialized citizens, kids and old snorts.

Missing words were ‘deficit reduction’ and ‘debt.’ Oh, and ‘election.’ But not for long.

Short, Sharp & Dramatic

No, that’s not merely a description of me. It also applies to corrections during a bull market – which we have been in now since the shock of Covid wore off. Stocks have been wonky, and generally descending since making all those exciting new highs in August (happened again today).

The FAANG tech giants are vulnerable. The airlines are dying. But cyclicals are gaining ground. The railways are back. Cash is moving into small caps (which always lead a recovery). So a pile of experienced money is positioning for the post-virus world when crazy fiscal (government) and monetary (CB) stimulus wears off and companies start making decent money again in a growing GDP.

But before that happens, the tree will likely be shaken again. More volatility. More RobinHooders squished. And, of course, there is this…

The Vote from Hell

America has to choose between a crazy 74-year-old serial fibber and narcissistic bully and a 77-year-old crusty career politician with a platform of mush. Not pretty. On one side is the evangelical, F150-driving, rebel forces of the right and on the other the BML, new-green-deal, social justice lefty warriors. A recipe for sustained conflict.

The worry is no clear winner on November 3rd, followed by protracted indecision amid vote counts, legal challenges and conflicting claims of victory. Markets hate uncertainty. Polls are imprecise and anxiety is building.

Veteran trader Ed Pennock had this to say earlier today:

Election polling is inexact. Biden’s lead is shrinking. His Lead has narrowed in Florida, Iowa, North Carolina, Ohio, and Arizona. His lead in Pennsylvania has dropped to 5%. He should be worried. This is how 2016 went. 45 did not win the popular vote. He won the Electoral College. The difference this time will be the contested Mail-In Ballots. Count on it getting Ugly.

Recall that during the Gore-Bush recount in Florida (which took more than a month) the markets shed about 12% of their value. This election could take until the end of 2020 to figure out, and that bull market correction might well reflect it. Who knows? But it seems reasonable to (a) stay invested and ignore the noise and (b) use your shiny new 2021 TFSA money to go shopping. Stuff may be on sale.

Pity the Poor 905

So last week this pathetic blog detailed the decline in urban-core condos in terms of sales and prices, and told you why. You know. The virus. Germy elevators. WFH. The quest for space. And cheapo mortgages.

We also told you about poor Hamilton, flooded with house-horny Millennial condo refugees and their damn cats, driving local prices skyward with multiple offers and extreme bids. The assumptions being made: remote working is forever. Downtown office jobs are relics. You can earn the same money in your underwear at home as you can in the cube. And why not move to some hick city to get an affordable house when you don’t have to commute into the Big Smoke?

Well, that’s cute. Reality will arrive for these folks soon enough.

Meanwhile the disease is spreading. Now it’s Fort Erie that’s sizzling, say local realtors. (For the uninitiated, this grimy blue-collar former canal city of 30,000 people sitting 152 km to the west and south of Toronto. The death highway connecting the two is the QEW.)

Sales in the region are up about 40% from last year and prices have risen 15%. Plus, if you move to Fort Erie, you get to see Buffalo across the river, with its picturesque red and blue flashing first responder lights and ever-present glow from smoldering buildings.

Yes. Livin’ the dream.

197 comments ↓

#1 Millennial Surrealist on 09.23.20 at 3:55 pm

Music to my ears…austerity is for crusty boomers and harperites

Boomer times are over! Get out of our way … unleash the EVs

#2 Millennial Realist on 09.23.20 at 3:57 pm

Throne Speech:

A blueprint for dramatic change of unlimited scope. Much to be determined yet.

Will it be perfect? Of course not. But it is necessary.

Paleos – better look over your shoulder….

A 100 thousand tonne freight train is barreling right at you.

Be part of the change.

Or be run over by it.

#3 YouKnowWho on 09.23.20 at 4:00 pm

Everyone knows it’s a bunch of fluff to buy voters with.

When it all fails and it leaves the future generation on the hook, CAD devalued, piles of debt as far as the eye can see what will be said?

Some altruistic nonsense about “We gave it a good effort”. “We did what we had to do.”

Fake it till you make it! That’s our leaders right now.
True leadership – MIA.

…now, onto a quick election so we can get rid of that pesky needy NDP. What does that stand for anyway? New Debt Politicians?

#4 Stan Brooks on 09.23.20 at 4:01 pm

Buffalo is a great buy.

10 times cheaper than GTA, same crime rate, better health care.

Cheers,

#5 Classical Liberal Millennial on 09.23.20 at 4:02 pm

Housing has grown to unaffordable levels under the Liberals. Answer for that, “Surrealist”.

#6 not 1st on 09.23.20 at 4:07 pm

Not a dime for regular health care or hospitals and none to goose our established sectors of GDP and employment which would bring us out.

What good is a day care program if women dont have jobs to go to.

What a joke. Might as well flush it all down the toilet. Just a vote buying exercise. Liberals would rather rule over ruin. They will get their wish.

Oh and I love how astronaut turned token GG had to get a shot in on the US, the country that protects our sorry a** and allows us to integrate into their first world economy.

#7 Midnights on 09.23.20 at 4:11 pm

Maybe a slite overreaction. You don’t shut down a Trillion dollar economy for another variant of the cold.

https://apple.news/A8sv-NBXVTQG9iA70BytZkg

#8 tbone on 09.23.20 at 4:13 pm

Garth , just wondering … were you humming Sloop John B
on your aquatic excursion .

#9 MF on 09.23.20 at 4:15 pm

No UBI. As predicted. What fear there was here a week ago though.

Anyhow, why am I going to respond to this troll? But here goes:

Millennial Surrealist on 09.23.20 at 3:55 pm

Austerity will come in time, and it won’t matter who is in power when it does. Stop with the age baiting though. And please everyone else just ignore this troll.

MF

#10 C V on 09.23.20 at 4:16 pm

The thesis of this speech is “anything that we think is important we are planning on throwing money at”

Housing?- first time homebuyer incentive boost
Day care – $
Women – $
Elderly – $
Vaccine – $
Pharma – $
Covid aid – $
Indigenous groups – $

#11 Silent the people on 09.23.20 at 4:16 pm

Well said Garth! The budget is just what Justin wants! Lots of government spending with no future repays in sight! “the budget will balance itself” is now showing!
No accountability or repayment! Let the good times roll!!!! This will not end well…..

#12 Moose on 09.23.20 at 4:16 pm

#1 – MS, you are getting tiresome.

#13 Catalyst on 09.23.20 at 4:18 pm

As a middle age white male, I hate being constantly attacked for my supposed privilege. I have received no grants, no money from parents, and higher car insurance.

I am all for giving people a helping hand but very concerned that hiring practices are being racialized by affirmative action. Charlie Scharf (Wells Fargo CEO) got GRILLED for saying he would love to hire more black people but there wasn’t a very deep pool to choose from. The obvious answer seems to be to increase education across all races even if that is free university to bridge racial wealth gaps but no talk of investing in education today.

Hopefully Canada will remain a place where all people can feel welcome and this dividing on race doesn’t continue to grow.

#14 Peter on 09.23.20 at 4:18 pm

Let’s see what the credit rating agencies think of the Liberal plan. They are the ones who control interest rates and have dropped Canada’s credit rating from AAA+ to AA+. The lower our credit rating the higher amount of interest charged, and the weaker our dollar becomes. I predict our dollar will fall to .65 cents to the American…sadly, inflation will hit Canadians hard.

#15 not 1st on 09.23.20 at 4:20 pm

6 Months of CERB has cost us $35B. Program now extended to next summer. I count another $35B+ added to the debt and someone trying to buy a spring election in the meantime.

Good job Canada. Feel free to slow clap yourselves.

#16 tkid on 09.23.20 at 4:20 pm

Fort Erie????

Are they nuts?

Lovely town in the summer, but brutal winters and the commute will be hell. Fort Erie is another 20 to 30 minutes down the road from Niagara Falls (a 3 hour commute one way during the busy times of the workday).

Plus there is frak-all left of malls, etc in Fort Erie. They had a mall or two, but they were gutted and razed awhile back.

#17 El Presidente on 09.23.20 at 4:21 pm

#2 Millennial Realist on 09.23.20 at 3:57 pm

Throne Speech:

A blueprint for dramatic change of unlimited scope. Much to be determined yet.

Will it be perfect? Of course not. But it is necessary.

Paleos – better look over your shoulder….

A 100 thousand tonne freight train is barreling right at you.


Belching tons of smoke, powered by beautiful fossil fuels…..

#18 Catalyst on 09.23.20 at 4:23 pm

A total of 26 people 80 y/o in all of Canada, have died to covid.

https://apple.news/A8sv-NBXVTQG9iA70BytZkg

If this isn’t all the data you need to realize we need extraordinary measures targeted at protecting our seniors I don’t know what else is. There should be ventilators and emergency staff in every old folks home.

#19 SoggyShorts on 09.23.20 at 4:24 pm

#202 Shirl Clarts on 09.23.20 at 3:24 pm
#189 SoggyShorts on 09.23.20 at 1:30 pm
#187 Ronaldo on 09.23.20 at 12:59 pm
Yep. 100 million virus particles will fit on a pinhead.
***************************
Viruses can’t fly though…
^^^^^^^^^^^^^^^^^^^^^^
You’re right. They float.

Hand washing is less important, because you can decide NOT to touch your face. You can’t decide not to BREATHE while you shop for groceries.

The mask is the way to go. Takes 2 seconds to put on. Just put the thing on already!
*************************
They don’t just “float” though. Most are carried on droplets which makes the tiny size of the virus by itself irrelevant- it’s the droplet size and viral load that matters. Droplets are reduced by masks, any masks.

I find that perhaps most importantly masks remind us that we should be vigilant. Wash hands, don’t touch stuff, don’t stand so close etc.

It takes no effort, like slapping on your hard hat at a construction site: even if no one is around, nothing is lost.

#20 FreeBird on 09.23.20 at 4:25 pm

Be careful what you ask for. Nothing is ever free.

Corp sponsorships of public infrastructure could close off areas to public for fee only access:

https://twitter.com/R_RoseRedwood/status/1308510701724467200?s=20

#21 Darren on 09.23.20 at 4:26 pm

Went to Put an offer in on a house in Thorold in Niagara area .14 other offers I am so done.

#22 Smartalox on 09.23.20 at 4:31 pm

I noticed that in the text of the throne speech. the plan to goose the capital gains tax on stock options was specified for ‘Established’ companies.Does that mean that workers who assume risk to build high-value start-ups would be exempt?

#23 1255 on 09.23.20 at 4:39 pm

Don’t these people realize that the property values are lower in these areas for a reason?

#24 BlogDog123 on 09.23.20 at 4:41 pm

A politician is usually NEVER punished for spend, spend, spend…

Exception: Premier spend-a-lot Wynne and her doofus finance minister got punished. Look at this video showing Sousa try to explain why he needs to spend like a drunken sailor when “times are good”… instead of tackling the debt when times are good. They also bought the unions before the election, but that did not help… The electorate were angry knowing the gov’t was trying to buy their vote.

https://www.tvo.org/video/2018-ontario-budget

#25 Dave on 09.23.20 at 4:42 pm

Will China face a financial fine/penalty for Covid?

#26 PBrasseur on 09.23.20 at 4:45 pm

As very wise investor Stephen Jarislowsky once wrote Canada is a second rate country lead by third rate politicians. Never been more true!

#27 Ronaldo on 09.23.20 at 4:49 pm

#12 Moose on 09.23.20 at 4:16 pm
#1 – MS, you are getting tiresome.
———————————————-
Yep, like a sore that won’t heal.

#28 1255 on 09.23.20 at 4:49 pm

The WFH thing is not going to go away. Hey – I’ve been doing it on and off for years. Welcome to my world. And I have to say that a lot more hours are put in working from home. You never leave work when you’re at home.

Of course there are those that abuse it, but these people don’t do anything at the office anyway.

#29 OK, Doomer on 09.23.20 at 4:49 pm

Re: Green Initiatives

No jurisdiction that went Green has been successful. All had massively increased electrical power, brown outs, black outs and businesses leave due to the onset of Third World electrical grid policies.

Not sure why Trudeau thinks he’ll be the guy to figure it out when the best engineers in the world have failed, hard.

But I’m sure that won’t stop him from spending our money to find out.

Math has consequences.

#30 Well The Millennials Lose Again on 09.23.20 at 4:54 pm

No UBI, no real extension of easy CERB, just inherited debt and a tax load that they will be paying for way into their golden days. Not sure who’s getting run over, but it seems like it’s the Millennials. They can’t afford houses, they have crap employment in the gig economy, no promotions away from an office in their underwear and will be paying for our recent free ride since March
for . . .like . . .ever! I think the trains run you guys over once again. Yikes, sorry about that youngsters.

#31 MF on 09.23.20 at 4:57 pm

Moose on 09.23.20 at 4:16

I’ve been studying Millennail Surrealist’s posts for a few weeks here, and I’ve come to a couple conclusions.

-The poster doesn’t represent any one individual’s or demogrpahic’s actual views, but rather an archetype they have made up and like to play. It has nothing to do with age, socio economic status, political views or anything like that. This poster is simply taking on the villain archetype.

You’ll notice that any idea or thought Garth puts forward MS will reject. Garth is more for austerity? MS is against it. Garth is against tax hikes? MS is for them. Garth is suspicious of the “green economy”, MS is for it. And so on.

The blog generally leans a little more conservative, as are most commenters. So why does MS still post here? He/she must enjoy playing the villain and trolling for kicks. Trolls are great at bringing out the worst in normal people online by provoking them, and MS does a great job of getting some of the older posters to embarrass themselves and rant about young people. Textbook.

In short, ignore. Radical views are always loud minorities.

MF

#32 Stan Brooks on 09.23.20 at 4:57 pm

#26 PBrasseur on 09.23.20 at 4:45 pm

As very wise investor Stephen Jarislowsky once wrote Canada is a second rate country lead by third rate politicians. Never been more true!

A third world country, ruled by ultra stupid and greedy, stingy elite in the form of oligopolies and led by idiot politicians sounds right to me.

Do not insult second rate countries, please.

May I add with a complex of inferiority, complete lack of tolerance for differences of opinion and independent and critical thinking and ultra stupid policies. Think about it, 1.5 mil for a shack in the middle of f… ng nowhere. Sure.

When I look at the liberal representatives in parliament and government (top level) frankly I will feel insulted if there is at least one more intelligent than me/established by independent IQ test.

Cheers sheeple and enjoy your sheppard,

#33 jal on 09.23.20 at 5:02 pm

I want to live in a better social/economic society.
I have been promised a lalaland.
If its a dream, I’ll know when I wake up.

#34 Re-Cowtown on 09.23.20 at 5:04 pm

If His Socksieness was really interested in fighting climate change he would put a crap-load of money into building Gen-IV nuclear reactors.

Gen-IV reactors are inherently safe, melt-down safe and eat older stockpiles of nuclear waste.

If you’re against Gen-IV nuclear you’re not part of the adult conversation.

The Stone Age didn’t end because of a lack of stone. We just invented something better to use. The Oil Age will not end because of a lack of oil. We just need to develop something better.

And Renewables are not better. They are worse in every conceivable and measurable metric.

Why should a Cowtown based oil dude support Gen-IV nuclear? Because it makes sense. You want electric cars in very garage? No problem, Gen-IV will get you there. Wind and solar will not.

#35 Frenchfry on 09.23.20 at 5:04 pm

What about helping those workers who have lost their jobs and over 55 and worked for over 30 years. Now faced with very poor job prospects. These Canadians also deserve help to stay afloat economically. They deserve some government help.

#36 Borden Renter on 09.23.20 at 5:06 pm

#13 Catalyst on 09.23.20 at 4:18 pm

I am all for giving people a helping hand but very concerned that hiring practices are being racialized by affirmative action /…./ Hopefully Canada will remain a place where all people can feel welcome and this dividing on race doesn’t continue to grow.
***************************

Haha, cute. Don’t hold your breath my friend. The modern left feeds from identity politics, and the two are inseparable right now. They will keep driving wedges to get votes.

Go read Section 15 (2) of the Charter of “Rights and Freedoms”, and understand that we are in for a lifetime of legal discrimination, because people that looked like us in the past, did some bad things to some other group of people that resemble different groups of people today. My ancestors weren’t even here two generations ago. If it sounds confusing and stupid, it’s because it is.

The focus has shifted from ‘equality of opportunity’, which not a soul here would disagree with, to ‘equality of outcome’, which will bring with it a whole bunch of government spending and even more useless programs. When those don’t work to ‘solve the issues’, they will only double down on the same policies until the system breaks.

Buckle up!

#37 SoggyShorts on 09.23.20 at 5:07 pm

#15 not 1st on 09.23.20 at 4:20 pm
6 Months of CERB has cost us $35B. Program now extended to next summer.
********************
Wait, is it CERB, or CEWS that’s getting extended till next summer?

#38 Do we have all the facts on 09.23.20 at 5:08 pm

In his response to the Throne speech the leader of the NDP looked straight into the camera and stated “this is not the time to worry about Provincial jurisdiction”

This was a clear indication that a battle for legislative control over the delivery of programs to Canadian citizens is taking shape right before our eyes. Covid 19 has emboldened the controllers of our money supply to assume control over the transfer of social and financial benefits to Canadians in every Province.

Funding under the Canada health transfer and the Canada social transfer have not been substantially increased since 2015. It now appears that expanded EI is going to replace employment initiatives where Provincial governments have full legislative responsibility. The new EI proposal is no longer an insurance plan but the delivery of social assistance without legislative authority

Has Covid 19 amended our Constitution while we were not looking. I can’t see Quebec buying into to expanded EI program, universal pharmacare and improving long term care of the elderly without being directly involved.

#39 Doug t on 09.23.20 at 5:09 pm

DEBT DEBT DEBT get your debt right here ladies and gentlemen (them,they,it,himshe etc) – drink that debt down till you can’t drink anymore – swallow it, choke on it, drown in it – DEBT DEBT DEBT say it loud and say it proud you debt donkeys, carry that burden on your backs till it breaks your spine and spirit – DEBT for sale come and get your DEBT, DEBT for all so don’t miss out in this once in a lifetime offer MORE DEBT than you can shake a stick at – come one come all bring the kids and grandma to the greatest DEBT show on earth – DEBT like you’ve never seen in your life or anyone else’s- so back up the truck, grab your shovel and load up on this once in a lifetime opportunity for the BIGGEST MOST MINDBLOWING DEBT EXTRAVAGANZA OF THE CENTURY – don’t delay act now, Visa, MasterCard and bitcoin accepted

#40 Proud CERBian on 09.23.20 at 5:11 pm

This CERBian nation shall go down in history as the greatest ever!

#41 crowdedelevatorfartz on 09.23.20 at 5:14 pm

@#2 Millenial Delusionist
“A 100 thousand tonne freight train is barreling right at you.”
+++

Is that train loaded with coal or oil….?

#42 TurnerNation on 09.23.20 at 5:29 pm

Which CV stage are we in? I believe we are being transitions from Stage 1 (Compliance stage) into Stage 2: The Programming stage.

Of course it beings with children.
In ON school they are marched one-way only down hallways, prison-style. No contact allowed; ditto; washroom capacity is limited; sometimes only a single water fountain – no drinking from it, fill your bottle only.
Extra curricular activities? I bet prisoners have more of them. They are learning that humans are dangerous! This is WW3; know thy enemy.
Are school also teaching tips for the online predators they surely will encounter – as they glue dozens of hours to internet tele-screens? I wonder. Where’ the real danger for scared, now traumatized children.

Adults – Do you have a faith system already, are you practicing it? No matter, the CV is a layer on top.
No matter your regular rituals you must now perform the regular CV rituals, on top of that. Else risk being smited by the CV gods – which are omnipresent. In your hair, your skin, every surface; the air; on your pets’ fur. Always watching you. Always waiting. And as the celebrities taught us, NEVER mock CV. Else you will get it. A vengeful god it is.

A good # of people are terrified by the daily, nay hourly #s on the telescreens. Who cares? They are begging for lockdowns, they h8 our freedoms. It’s over. They got us good. Mind control perfected.

A reminder, September is Harvest Season. Our global elites are coming for our assets. Taxes, 101 new laws coming.

#43 Nat on 09.23.20 at 5:29 pm

Tbh Hamilton is nice LOL

#44 Re-Cowtown on 09.23.20 at 5:30 pm

#41 crowdedelevatorfartz on 09.23.20 at 5:14 pm
@#2 Millenial Delusionist
“A 100 thousand tonne freight train is barreling right at you.”
+++

Is that train loaded with coal or oil….?
++++++++++++++++++++++++++

Nuclear waste. If Millenials had any brains, foresight or guts, they would see nuclear waste as a massive opportunity to remake our energy future.

But they won’t or at least not yet. They want the government to do everything for them. Once they realize that they are the government and they’re paying for everything themselves they’ll become something useful. And conservative.

Funny how that works.

#45 Paul on 09.23.20 at 5:30 pm

#8 tbone on 09.23.20 at 4:13 pm
Garth , just wondering … were you humming Sloop John B
on your aquatic excursion .
————————————————————————————————
More like The Wreck of the Edmund Fitzgerald. Lol

https://www.youtube.com/watch?v=PH0K6ojmGZA

#46 Ronaldo on 09.23.20 at 5:32 pm

#41 crowdedelevatorfartz on 09.23.20 at 5:14 pm
@#2 Millenial Delusionist
“A 100 thousand tonne freight train is barreling right at you.”
+++

Is that train loaded with coal or oil….?
—————————————————————
That would be a train 10 miles long. Big train.

#47 The West on 09.23.20 at 5:37 pm

“Covid 19 has ushered in a global economic shock not seen since 1931 and is worse than the 2008 financial crisis.”

“The government will be able to borrow at record low interest rates for decades to come.”

“Our commitment to restricting and banning assault rifles and various other firearms continues as a measure to decrease gender violence.”

“Our commitment to finding a vaccine remains of the utmost priority. It remains the only resort left to returning an open society.”

“Things should not return to normal.”

And although she didn’t say “UBI” she did promise money to the following voting blocks of society:
– black people
– females
– mothers
– rural citizens
– aboriginals
– visible minorities
– disabled people
– seniors
– “front line” workers
– working poor
– people who need retraining
– people who were “short” on retirement
– victims of all walks of life
(she used all there words when raining paper everywhere)

Oh, and we have to reduce the environmental impact through action – we will add a million jobs in the process.

Also, where was the opposition for this sitting? Oh yes, convicted of having “COVID” – that’s right….the queen has spoken. Our representatives are nowhere in sight.

My goodness Canada, you still asleep here?

#48 Covid 1984 pandemic in Sweden on 09.23.20 at 5:38 pm

Authored by Sebastian Rushworth, M.D.,

At the beginning of August I wrote an article about my experiences working as an emergency physician in Stockholm, Sweden during the covid pandemic. For those who are unaware, Sweden never went in to full lockdown. Instead, the country imposed a partial lockdown that was almost entirely voluntary. People with office jobs were recommended to work from home, and people in general were recommended to avoid public transport unless necessary. Those who were over 70 years old, or who had serious underlying conditions, were recommended to limit social contacts.

The only forcible restriction imposed by the government from the start was a requirement that people not gather in groups of more than 50 at a time. After it became clear that covid was above all dangerous to people in nursing homes, an additional restriction was placed on nursing home visits. At no time has there been any requirement on people to wear face masks in public. Restaurants, cafés, hairdressers, and shops have stayed open throughout the pandemic. Pre-schools and schools for children up to the age of 16 have stayed open, while schools for children ages 16-19 switched to distance learning.

#49 Lawless on 09.23.20 at 5:38 pm

Garth,

Surprised you didn’t go to town on the comment made in throne speech about allowing first time homebuyers to further raid their RRSPs to buy their first home. Seems the policy is to keep inflating real estate wealth and to allow the young to sacrifice retirement in favour of particleboard McMansions in overpriced suburbs.

#50 ElGatoNerodeYVR on 09.23.20 at 5:41 pm

The historical facts teach us that no matter the righteousness or fairness of the cause when you start excluding large groups of male from the workforce it always leads to radicalization and ” upheaval” . Ofcourse our current world leaders think that ” this time will be different “. Time to stay put in the suburbs and be invested in USD .

#51 joblo on 09.23.20 at 5:42 pm

That’s it?
Shut down parliament for that?
Fire up the finance and ethics committees stat.
We need more We scandal entertainment.

#52 crossbordershopper on 09.23.20 at 5:53 pm

https://buffalo.craigslist.org/d/real-estate/search/rea

you can simply cross the border, well kinda not right now but when this is over, and buy yourself a shack for nothing, latterly nothing, I ve seen deals done.
or work every day of your life driving up and down the 401 and QEW.
You thnk there is a difference living in fort erie or Buffalo(well suburbs, not the east end). no difference.
I still cant get my head around people buying in north end of Hamilton at those prices, you can live anywhere for close to nothing, why would you spend so much living in north end of Hamilton at these inflated prices.

#53 KNOW IT ALL on 09.23.20 at 5:53 pm

BOUT TIME we hold PMs personally responsible for the future destruction they cause.

Let their decisions follow them for life!

Let him PAY-IT back out his own pocket.

I gotta basement apartment him and his wife can grow broke and old together.

#54 not 1st on 09.23.20 at 5:53 pm

Millenials are just so adorable. UBI, Free everything, down with boomers.

Do they realize that every boomer or gen x is going to be holding on to those jobs with both hands now. They will work them until they die so you will still be on the outside playing nintendo in your basement.

Unless you want to try starting a business on your own. Good luck with that in commie canada. Canada just lost hundreds of billions of dollars of investment minutes after that marxist throne speech.

#55 Just In Truedough on 09.23.20 at 5:54 pm

I don’t understand why conservatives think we have to “repay the debt” or we are “leaving the debt to our children” You guys are all forgetting I’m almighty Just In Truedough here, and who owns the bank of Canada..Why we do…we own it…so lets see here, I print money and hand it out like candy, The bank buys my bonds..Its a giant circle jerk, any interest we pay to the bank of Canada gets paid back to us!! Modern monetary theory forever!!!!!! OK BOOMERS??

#56 Bill on 09.23.20 at 6:05 pm

Yup here we are!

This is NOT a joke. Just something to think about. You will appreciate the final statement.
A thought to remember, Marx said, “Remove one freedom per generation and soon you will have no freedom and no one would have noticed.”

There was a professor in a large college that had some exchange students in the class which was in the lab, the professor noticed one young man, an exchange student, who kept rubbing his back and stretching as if his back hurt. The professor asked the young man what was the matter.
The student told him he had a bullet lodged in his back. He had been shot while fighting Communists in his native country who were trying to overthrow his country’s government and install a new communist regime.
In the midst of his story, he looked at the professor and asked a strange question. He asked: “Do you know how to catch wild pigs?”

The professor thought it was a joke and asked for the punch line.

The young man said that it was no joke. “You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come every day to eat the free food.
When they are used to coming every day, you put a fence down one side of the place where they are used to coming. When they get used to the fence, they begin to eat the corn again and you put up another side of the fence.
They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side. The pigs, which are used to the free corn, start to come through the gate to eat that free corn again. You then slam the gate on them and catch the whole herd.
Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.”
The young man then told the professor that is exactly what he sees happening in America & Canada. The government keeps pushing us toward Communism/Socialism and keeps spreading the free corn out in the form of programs such as supplemental income, tax credit for unearned income, tax exemptions, tobacco subsidies, dairy subsidies, payments not to plant crops (CRP), welfare entitlements, medicine, drugs, etc., while we continually lose our freedoms, just a little at a time.

One should always remember two truths:
There is no such thing as a free lunch, and you can never hire someone to provide a service for you cheaper than you can do it yourself.
If you see that all of this wonderful government “help” is a problem confronting the future of democracy in America & Canada, you might want to share this with your friends.
If you think the free ride is essential to your way of life, then you will probably not share this.
BUT, God help us all when the gate slams shut!

Quote for today: “The problems we face today are there because the people who work for a living are now outnumbered by those who vote for a living.”

#57 Nonplused on 09.23.20 at 6:05 pm

Hmm… I expected the throne speech to be more unexpected. Oh well I am glad you watched it so I didn’t have to. Thanks!

#58 SoggyShorts on 09.23.20 at 6:11 pm

#2 Millennial Realist on 09.23.20 at 3:57 pm
Throne Speech:
A blueprint for dramatic change of unlimited scope. taxing the crap out of millenials for 40 years

********************
There, I fixed that for you. It’s kinda sad to see you with your head under the tire warning us that change is coming.

#59 Manitoba Whale on 09.23.20 at 6:14 pm

Why should a Cowtown based oil dude support Gen-IV nuclear? Because it makes sense. You want electric cars in very garage? No problem, Gen-IV will get you there. Wind and solar will not.

******

Cannot agree more, this is the future.

#60 Ken M. on 09.23.20 at 6:15 pm

Ya but hows Teddy doing? Did you tugboat win?

#61 IMALWAYSRIGHT on 09.23.20 at 6:17 pm

How many times did we hear “We need to build back better” during the throne speech? At least three times. Same lingo used by Klaus Schwab in his WEF video and his recent book Covid-19 The Great Reset. Biden uses the same wording.

#62 Dolce Vita on 09.23.20 at 6:24 pm

Good to read you are writing today Garth after Teddy.

Nova Scotian’s on #HurrinceTeddy have a wry sense of humour about damage from Teddy. Surf videos, wow.

Best video was to me was from the Weather Channel showing a Blue Jay hanging on to a branch during peak winds, unshakable…kind of like Nova Scotia.

PS: I forgot how much Canadians can eat in a sitting, Mamma mia, mangia, mangia not lost on the Port Pub’s Teddy Burger:

https://twitter.com/PortPub/status/1308854686879973376

Not a clue what that is stuck in the bun, looks like a battered and fried rooster comb to me.

————————–

#31 MF

THAT was good.

Add:

In need of parental ATTENTION. Getting it on Garth’s Blog.

#63 Trawna on 09.23.20 at 6:26 pm

Millennial Dadist

Trudeau’s sock colours make his spleen pop.

#64 Nonplused on 09.23.20 at 6:26 pm

#2 Millennial Realist on 09.23.20 at 3:57 pm
Throne Speech:

A blueprint for dramatic change of unlimited scope. Much to be determined yet.

Will it be perfect? Of course not. But it is necessary.

Paleos – better look over your shoulder….

A 100 thousand tonne freight train is barreling right at you.

Be part of the change.

Or be run over by it.

————————————-

What, exactly, would you like to change things to? Chances are if you just burn the house down you’ll have nowhere to live.

And why the hatred of what you call “Paleos”. These people came into the world naked and with nothing just like everybody does. They built all that is around you and you will inherit it when they go, so chill. There is no generational inequality here except for maybe the government debt. And it sounds like you are in favor of increasing that debt. You are shooting yourself in the foot because you are the ones that get to pay it off or be sandbagged by endless interest payments.

If there were a system that works better than the one generally in use in the western world, somebody would have discovered it by now. Lord knows every sort of “ism” has been tried many times and failed every time. What makes you think we’ll get it right when we don’t even have a plan that pencils out?

What we do know is that three things are required for wealth creation: The rule of law, private property, and free markets. Sure, wealth inequality happens, but you can’t build a railroad without concentrating a lot of wealth. Once it is built everyone benefits from the freer movement of goods and people.

The fact of the matter is that in Canada most of us live with a standard of living that medieval kings couldn’t imagine. Heck even a relatively modest RV is way more luxurious (although a little cramped) than any medieval castle ever was. Central heating, refrigeration and air conditioning, electric lighting, running water and septic, wifi, TV, surround sound, and high speed mobility. Plus you are never far from food and medical services.

#65 gimme stuff on 09.23.20 at 6:28 pm

#13 Catalyst on 09.23.20 at 4:18 pm
As a middle age white male, I hate being constantly attacked for my supposed privilege. I have received no grants, no money from parents, and higher car insurance.
——————–
And mostly white males run the country and provinces.

#66 Irwin on 09.23.20 at 6:28 pm

It’s a pleasure reading a blog knowing that the author will have four more years of misery with “a crazy 74-year-old serial fibber and narcissistic bully” in charge.

Orange is having fun, too bad you’re not.

#67 Ronaldo on 09.23.20 at 6:30 pm

#48 Bill

That was very good Bill.

#68 Stone on 09.23.20 at 6:31 pm

#35 Frenchfry on 09.23.20 at 5:04 pm
What about helping those workers who have lost their jobs and over 55 and worked for over 30 years. Now faced with very poor job prospects. These Canadians also deserve help to stay afloat economically. They deserve some government help.

———

Why? I retired comfortably at 44. Did the 55 year old not save up and invest a portion of their income every year? No? Tough. We all know that it’s tougher when you’re older to find work. Why then do people act like deer in the headlights when they lose their job?

That goes for everyone. Save and invest your money asap so that when the time comes and they’re out of work, either voluntarily or involuntary, it becomes a nothingburger.

I really hate all these whiny losers.

#69 Linda on 09.23.20 at 6:32 pm

Well, given that ‘the Donald’ strongly encouraged people to try to vote twice, trumpeted that mail in ballots were a recipe for fraud & other such smoke & mirrors I’d say the odds of an electoral challenge should the vote go against is a near certainty.

‘No time for austerity’. I admit it is like shutting the barn door sans horse, but the reckless throwing of more funds on the debt fire does not bode well. About the only silver lining I can see is that those funds will presumably be spent in Canada. As for supporting the travel business – well, given that we can’t even travel within our own country without having to quarantine ourselves I can’t see travel recovering any time soon.

#70 Econ101 on 09.23.20 at 6:35 pm

#13 – Catalyst

Unfortunately, this is the case in Canada. Over the past 5-8 years I have seen an increase in pure incompetence in higher corporate positions, and an increase in poorly educated and/or virtual signalling employment in the lower levels. Especially true in government work places and crown corps…and they wonder why we have low productivity in this Country.

#71 SOMETHINGS UP! on 09.23.20 at 6:38 pm

The AMERICAN Gangsters at their finest!!

https://www.foxnews.com/politics/mccarthy-motion-oust-pelosi-impeachment-trump

#72 Dolce Vita on 09.23.20 at 6:40 pm

A lot of Commenter’s today worried about the fiscal side of the Throne Speech.

Clearly, you’re not alone.

Garth’s least favorite business news source asked:

“How do you feel about Canada’s economic outlook after the throne speech?”

Better 7%
The Same 14%
Worse 42%
I’m mostly worried about the fiscal outlook 37%

1563 respondents so far, large enough to be statistically significant.

————————–

That Throne Speech like others…your usual throw stuff out there, see what sticks and then go with it.

Even on “the sky is falling, the sky is falling” Twitter, far too many concerned about the debt that will be racked up.

We’ll see how it plays out if Cdns. continue to have an appetite for Big G spending without limitations?

From the above poll…it doesn’t seem like they do.

#73 YouKnowWho on 09.23.20 at 6:42 pm

“enough spending on green initiatives to create a million jobs (good luck with that)”

Sounds like you’re doubtful Garth. What makes you so sure? Failure after failure on these green jobs claims in country after country? As if green energy factories aren’t a perfect place for automation, like that solar panel place in Germany that has a handful of employees to tend to the robots?

With that in mind are you calling the PM a liar Garth? Or a drama dreamer?

P.S. Glad you survived Teddy bearing down on you!

#74 SoggyShorts on 09.23.20 at 6:44 pm

#48 Covid 1984 pandemic in Sweden on 09.23.20 at 5:38 pm

So what? Are you saying that what Sweden did was better than what we are doing? Are you factoring in culture at all?
I mean the Swedes were told to social distance from each other, reduce travel, and work from home if possible and they followed the suggestions
In Canada we told people things like “Masks are absolutely mandatory inside this building and there is a $100 fine for not wearing one” and we get…~70% compliance?

Sweden is in the top 10 for most deaths per capita with their path (which ain’t great) and if it was tried anywhere else it would be top 5 for sure.

Could we have done better than we have?
With 20:20 hindsight, absolutely. taking the same path as Sweden? Very unlikely.

#75 Nonplused on 09.23.20 at 6:46 pm

#59 Manitoba Whale on 09.23.20 at 6:14 pm
Why should a Cowtown based oil dude support Gen-IV nuclear? Because it makes sense. You want electric cars in very garage? No problem, Gen-IV will get you there. Wind and solar will not.

******

Cannot agree more, this is the future.

——————————-

And also because the oil isn’t going to last forever. Most of the southern half of the province is already shut in (due to depletion) or in late stage depletion. That is why they continue to move further and further north and invest so heavily in “oil sands” (real name used to be “tar sands”). Everyone who works in the oil patch knows that sooner or later every well goes dry and that you can usually predict with fair accuracy when it will not long after you put it on production. And new discoveries are becoming harder to come by world wide. By now we’ve put enough holes in the ground to know mostly what is there, save a few deep water regions of the ocean.

Even the whole “shale” boom is a last gasp. That stuff is expensive to produce because it is so deep and the shale doesn’t want to give up its treasure so easily (so it needs to be fracked into rubble). There is nothing oil and gas bearing under it. It is the last of it.

I have often argued here that wind and solar is quaint but it just won’t scale. We’d have to cover an area the size of Ireland every year with windmills just to keep up with the increase in world energy demand, let alone when oil and gas starts to decline. (You don’t “run out of oil” like your car runs out of gas, but every year a well produces less than it did the year before.)

So yes, it is either Gen-IV and then Gen V, VI, and VII after that or eventually it is back to the olduvai gorge. Not sure how Millenium Realist is going to take it when the day comes that he finds out there is nothing left to distribute.

#76 crowdedelevatorfartz on 09.23.20 at 6:50 pm

@#61 Im Always Right.
“How many times did we hear “We need to build back better” during the throne speech?”
++++

Yeah, a catchy phrase that mean absolutely …..nothing.
A friend in Los Angeles is interested in Canadian political leadership texted me today as he was watching the Throne speech live.
He asked , “What does build back better mean?”

I had no idea what he was talking about and said as much.
Thats when he explained it was in the govt throne speech.

I replied, ” The reason they call it a Throne speech is the Prime Minister thinks it up in the bathroom”

He thought I was serious…..then he texted,
“You’re kidding right?”

#77 crowdedelevatorfartz on 09.23.20 at 6:56 pm

@ Millenial Masochist

After you dance on the last dead boomers grave.
And you realize you have no one else to blame… that will listen.

Will you focus your blame on your children?

Bwahahahaha.
What was I thinking !
You wont have kids.
Keep ripping down statues until no one remembers who to blame…..
Nirvana.

#78 Repurchase Disagreement on 09.23.20 at 6:59 pm

Every penny T2 spends on trying to affect the temperature of the planet will be in vain and have ZERO effect. It will only harm us economically.

I know Garth is stuck on catesptohohic AGW train (and one day he will realize he was wrong). Yes, CO2 is a trace greenhouse gas but the science is corrupt and driven by politics. It was amazing to see some honesty pop out of the gravy train…

https://environmentalprogress.org/big-news/2020/6/29/on-behalf-of-environmentalists-i-apologize-for-the-climate-scare

#79 Howard on 09.23.20 at 7:02 pm

Thanks again to Ontario women for forcing this Orwellian government on the country because you love the leader’s hairdo!

#80 Ace Goodheart on 09.23.20 at 7:03 pm

Well predictable things are happening.

T2, a former drama teacher who dropped out of his University engineering program, cannot do math.

Let’s hope Freeland is better with a calculator.

Prediction for the US election: Trump is going to win.

Cue the haters and the flames……….I don’t like Trump. I don’t like Biden either.

Biden is a has been. And he is paleolithic. Trump on the other hand, is Trump.

He will win another term. That is my prediction. And I don’t like him.

#81 Rainman on 09.23.20 at 7:04 pm

Interest rates to stay low a very very long time. You heard it today in the throne speech. There is no other choice.

#82 crowdedelevatorfartz on 09.23.20 at 7:04 pm

Does anyone know when Commissar Chrystia the pretend Deputy Prime Minister ( NOT an official position in govt by the way) will start building Gulags?

I used to think Nunavut or the NWT would be a good place for Super Max prisons.
No roads.
Plane loads of convicts.
Polar bears and black flies as guards.

Alas, global warming has ruined everything.
To save taxpayers billions….
I’d recommend sending serial killers, lunatics, etc etc etc.
To “Politically Correct School” in any federal govt agency where they can all have their brains washed with the same non gender brush.

#83 Howard on 09.23.20 at 7:05 pm

Fartz:

Get off your high horse. You voted for this putrid party in 2015. Will Boomers actually prove their worth and use their demographic heft to get rid of this astonishingly incompetent government in the next election? Likely not – they want their pharmacare.

#84 Dolce Vita on 09.23.20 at 7:05 pm

#48 Covid 1984 pandemic in Sweden

Dear Doctor Whatever from Planet Claire, a.k.a. Sweden, reported this many new cases today:

1199

Population ratio to Italia that would be equal to:

7074

Italia reported:

1392.

And oh look, you’ve moved up 1 in the ranking to the 5th place:

https://www.statista.com/statistics/1111779/coronavirus-death-rate-europe-by-country/

A HARD to believe performance considering that you live in a country that is in general way OUT OF THE WAY (next stop, the North Pole) and that no one in their right mind would go to in January to visit as opposed to say Italia, Spain and the UK.

Italia got 1.8 million holiday tourists from Asia in January alone, unknowingly and thru no fault of their own (not warned by their Gov there was a pandemic afoot) and from that cohort came Italia’s first 3 COVID-19 cases (and pretty much Europe’s first 3 cases).

And again, your country’s GDP is -8% or something, worst performance in the 40 years you’ve been measuring it (threadbare Italia -10%)… pretty impressive Doc.

And Doc if you do get hit by a 2nd Wave of COVID-19…have a care in your CARE HOMES and give your elderly Oxygen this time around.

—————————-

For the uninitiated, Sweden ignored by the rest of Europe other than the UK that will descend upon them and ridicule their claims every so often when they get uppity like the “Good Doctor” did (UK’s ONS one that likes to ridicule their claims every so often).

But of course, that lost on N. American MSM looking for their proverbial unicorns, faerie dust and leprechaun rainbow gold pots in NEXT STOP THE NORTH POLE land.

#85 Rupert on 09.23.20 at 7:07 pm

Another epic nothingburger . Trudeau, Ford and Tory have been recycling vague talking points for months now , with staged interjections from various nobody’s ( Brampton mini mouse mayors et al ) . You are right Doug Ford , thier are alot of taxpayers that are a couple of fries short of a happy meal .

#86 akashic record on 09.23.20 at 7:11 pm

#76 crowdedelevatorfartz on 09.23.20 at 6:50 pm

I replied, ” The reason they call it a Throne speech is the Prime Minister thinks it up in the bathroom”

He thought I was serious…..then he texted,
“You’re kidding right?”

The real reason makes even less sense after the Boston tea party.

Yet nobody is talking about the systematic queenalism, Canada is subjected, with no mutual benefit, whatsoever.

#87 not 1st on 09.23.20 at 7:24 pm

Garth, can canada survive another lockdown because that sounds just like Justin was alluding to tonight.

No thanksgiving for the plebs, maybe xmas if you behave.

King Justin showers his glory on all who follow blindly.

#88 Priceless on 09.23.20 at 7:26 pm

#58 SoggyShorts

#2 Millennial Realist on 09.23.20 at 3:57 pm
Throne Speech:
A blueprint for xxxxxxxx taxing the crap out of millenials for 40 years
********************
There, I fixed that for you. It’s kinda sad to see you with your head under the tire warning us that change is coming.
—————–
HaHaHa!!! I know that MR is a troll but unfortunately his/her lack of knowledge is shared by a huge number of millennials out there that haven’t figured this out yet!!
Talked to a millennial kid of one of my friends recently who was practically salivating at the thought of possible changes to the principal residence exemption and how us boomers have had a “free ride” (ironic isn’t it?). Wish I had a camera when I congratulated him on his generosity in giving up half of his future inheritance in additional taxes!! Priceless!

#89 jal on 09.23.20 at 7:27 pm

I know that nobody will apply my suggestion to invest and create 1,000,000 jobs.
Keep the oil home. Build refineries. Export finished mfg products.

#90 Ace Goodheart on 09.23.20 at 7:27 pm

Did you Dogs watch Trump going at China over COVID?

Watch the Chinese response. They look like they are dealing with an insect they are trying to swat. No fear whatsoever. Almost amused.

I wonder why?

Perhaps someone in China has figured out that they are funding the US military by buying US government bonds?

That if China shuts the taps off, and refuses to loan the US government any more money, that big old nasty machine, the US military, will come to a grinding, screeching halt (unless everyone is willing to work for free, and they stop needing to replace and maintain their equipment).

#91 Say Goodbye To My Money, Courtesy Greedeaupe-The Tax Imagineer on 09.23.20 at 7:32 pm

Re: #21 Darren on 09.23.20 at 4:26 pm
Went to Put an offer in on a house in Thorold in Niagara area .14 other offers I am so done.
+++++++++++++++++++++++++
Where is the control mechanism to PROVE that those offers are legit?
I have had reservations after the second property that I personally sold w/out realtor had only 2 offers, and at different times.
The market is rigged imo.

#92 Dolce Vita on 09.23.20 at 7:33 pm

BTW, Sweden not the only wonky country in Europe when it comes to COVID-19.

And I am surprised by The Netherlands which has some odd rules when it comes to their kids and they DO NOT believe in masks there.

Well, and consistent for the over the past few weeks, new cases in The Netherlands today:

2245

Population ratio cases if they were Italia:

4852

Italia = 1392 (actually a bad day for us).

And they rank 8th in the European COVID-19 death rate sweepstakes, neck and neck with Ireland.

Their “no mask” measures:

https://www.government.nl/topics/coronavirus-covid-19/tackling-new-coronavirus-in-the-netherlands/basic-rules-for-everyone

https://www.government.nl/topics/coronavirus-covid-19/tackling-new-coronavirus-in-the-netherlands/additional-measures

——————

Be grateful Canada that your Health Officers are giving you common sense measures to COVID-19 that is absent in some European countries.

And Deutschland, they’ve restricted travel to pretty much ALL of The Netherlands. For good reason.

#93 Sunny South on 09.23.20 at 7:41 pm

Well, it seems that the whole “will interest rates be going up?” question was answered in the Throne Speech. Rate are to locked at current near zero rates “for decades”. Even the Governor General smiled at that one. So how is housing going to become more affordable?

Governments and Throne Speeches do not set interest rates. – Garth

#94 Millennial Realist on 09.23.20 at 7:43 pm

The sight of the Covid-infected Erin O’Toole provided incredible, yet unintentional, support for Trudeau tonight. This was a very solid day for the Liberals going forward.

#95 dr talc on 09.23.20 at 7:43 pm

Sales in the region are up about 40%

—-

Presumable for July and August, but those months are traditionally slow every year.
I think people should ignore Ross Kay. He’s a typist. Unless you are active in a market as a buyer or seller, and talking to agents, it’s hard to get an accurate picture. Unfortunately the sale prices, number of offers etc are not public, so you have to talk to agents

#96 Tripp on 09.23.20 at 7:45 pm

Ed Pennock:

“ 45 did not win the popular vote. He won the Electoral College. The difference this time will be the contested Mail-In Ballots. Count on it getting Ugly.”

There will be no narrow margin, Trump will win hands down. The average American craves for peace and quiet in their homes and neighbourhoods, not for the “peaceful protests” the Dems failed to notice for over three months.

The only “Ugly” is to be expected from the radical left. If recent history is an indicator, there is no widespread social unrest generated by the right, following an election.

#97 45north on 09.23.20 at 7:46 pm

MF I’ve been studying Millennial Surrealist’s posts for a few weeks here, and I’ve come to a couple conclusion.

The poster doesn’t represent any one individual’s or demographic’s actual views, but rather an archetype they have made up and like to play.

busted!

here’s my post from 2018

Screwed Canadian Millennial: there’s nothing “funky” about Guelph. Austin, Texas is funky.

I’ve never been to Austin, but I’ve heard it is. But aren’t you out-of-character? I mean someone who’s been to Austin Texas, Portland Oregon and Venice Beach doesn’t fit my image of the screwed Canadian millennial.

Guelph is just another Grade A Canadian shithole.

again out-of-character. I don’t mean to pry but where did your grand parents come from? My image of the screwed Canadian millennial has grand parents that lived in Guelph or some such place – lazy summers that never ended, grand ma took you out for ice cream.

#98 zoey on 09.23.20 at 7:50 pm

#39 Doug…

Exactly … however what happens when the credit market dries up ? I would think the banks are at odds with the BoC and have been ever since the BoC’s dropped their pants on interest rates 10 years ago. But now, with COVID, CERB and unemployment I bet the banks are not lending too many people $$ at 1.85% for 10years. The risk to the bank is huge with little reward. If the credit market dries up, low interest rates and the BoC policies mean little. I bet the banks are telling the BoC where to go right now….

#99 Flop... on 09.23.20 at 7:50 pm

Fort Erie, that rang a bell.

When I first arrived on this blog 5 or 6 years ago, a regular poster by the of Common Sense lived there, and I think even commuted across to Buffalo each days or work.

Maybe last year I gave him a shoutout on here, and it kind of backfired as I don’t think him and Garth get along anymore.

I used to enjoy the guys perspective on things.

Anyway people on here are aging and dying, so maybe a hatchet could be buried in a Fort Erie backyard and we can get back to swapping information instead of insults…

M46BC

#100 Jeff on 09.23.20 at 8:01 pm

Inflation is coming badly, get ready !

#101 twofatcats on 09.23.20 at 8:01 pm

The baby boomers cashing out of their Tronna house and bringing their millions down here to Niagara are pricing our young people out of the housing market. Niagara wages are not Tronna wages.

https://www.dwhowardrealty.com/homes-for-sale-search/?cityId=52033&bedrooms=0&bathCount=0&propertyType=CND&propertyType=SFR&status=active&sort=priceDesc&boardId=273

#102 AGuyInVancouver on 09.23.20 at 8:07 pm

#4 Stan Brooks on 09.23.20 at 4:01 pm
Buffalo is a great buy.

10 times cheaper than GTA, same crime rate, better health care.

Cheers,
_ _ _
LOL, sure. Buffalo healthcare might be good IF your employer offers you a healthcare plan. And think twice before jumping into the USA, a country just one step away from a civil war.

#103 Stone on 09.23.20 at 8:08 pm

It was interesting listening to Jagmeet Singh’s response to the throne speech today:

Give me what I want and I’ll vote for whatever you want.

Good to know he’s a person of strong principles and moral fibre (cough).

I hope karma pays him back tenfold.

#104 zoey on 09.23.20 at 8:09 pm

Hard to believe the government is continuing to supply air to the housing bubble regarding first time buyers RRSP’s despite knowing the debt levels. Interest rates will not be going anywhere either as the BoC has neither the brains or the guts to raise them, they couldn’t do it for the last 10 years with any authority…maybe when inflation hits 4% …maybe. Don’t save, just go get more debt. Its what they want us to do.

#105 willworkforpickles on 09.23.20 at 8:15 pm

Lies and doublespeak from the throne.
Unrestrained spending out the wazoo is the order of the day.
Canada in the best position of G-7 countries to absorb new debt is what they like to tell you.
Never-mind the provincial and municipal debt.
Add that to the federal deficit and Canada sits at the bottom of G-7 countries.
What was announced today is only the rumble of a runaway train of debt fast approaching. Broad strokes with details to no end to add to the overall debt to come.
This vehicle of debt creation will become akin to a runaway train loaded with nitro glycerin barreling down a mountain track at breakneck speed. An out of control speeding locomotive rocking violently from side to side parts flying everywhere with its brakes blown off heading directly toward a collapsed bridge and an unavoidable jaw dropping explosive end.
A future economic collapse to come.
If you think violence in the streets is a thing now …just wait… (like Woody Harrelson says in Natural Born Killers)…”you ain’t seen nothing yet”
It’s truly astounding how so many think everything is going to be just fine a year from now and happily ever. after.

#106 Catalyst on 09.23.20 at 8:19 pm

“Governments and Throne Speeches do not set interest rates. – Garth”

Garth, that is old world thinking. The CB’s have been buying every level of the curve to depress rates. When you have a buyer with unlimited money the rates will be whatever the government wants.

#107 Borden Renter on 09.23.20 at 8:20 pm

Growing up in the Niagara area (St Catharines), and witnessing factory after factory head overseas or shut down and seeing prospects for my cohort slowly evaporate past the year 2000, was a hard thing to watch. It was part of my decision to go to school and leave the area. I don’t regret it, but knowing that housing is shooting up in formerly affordable areas is just another knife in the gut, another thing to stew on.

I’d tell my parents to sell now, but where would they go? I guess Lunenburg is out of the question…

Also, Garth, can we please limit Dolce Vita to three posts a night? Maybe four if he promises to stop writing Italy as ‘Italia’, it’s annoying. We know how they say it.

#108 The Woosh on 09.23.20 at 8:23 pm

Well, I finished watching Trudeau’s politicized “I’m not saying anything of value” speech. That’s 15 minutes of my life I’ll never get back! Then I left the TV on and heard Rosemary Barton on At Issue spew her verbal diarrhea. Thank goodness Andrew Coyne had the balls to say that the PMs speech was a load of BS. Althia Raj cringing at Andrew’s comment…shameful.

I used to somewhat like the CBC prior to today but after hearing what they said tonight…never thought I’d say it…I’m all for cutting the CBC’s budget.

The country needs s new political party. I think it’s time!

#109 YouKnowWho on 09.23.20 at 8:25 pm

https://arstechnica.com/science/2020/09/russia-offers-its-untested-covid-19-vaccine-for-free-to-un-officials/

I don’t understand the concern. As if western vaccines will be better? You think all these vaccines producers aren’t going to be granted immunity(ha!) against lawsuits when these rushed vaccines create health issues?

It’s a Pandemic! You’ll have no recourse if the vaccine does something unintended.

#110 conan on 09.23.20 at 8:27 pm

Facebook and Google are going to have to pay a royalty every time someone links someone else’s work to it.

That means they are both considerably over valued.

I recommended getting out when Nasdaq was plus 40 on the year. It is still not too late to grab a 33 % gain,

#111 Smartalox on 09.23.20 at 8:33 pm

I think that it was interesting to see how household debt levels DECREASAED during the pandemic.

Makes me wonder if the activities that were leading people into debt were the same activities that were banned during the pandemic:
– Vacation travel
– Dining out, going to nightclubs
– Entertaining
– Shopping
– Attending Special Events (Concerts, etc.)
– Attending Sporting Events

All of these consumed hundreds of dollars worth of after tax income, with some occurring repeatedly several times per month.

#112 Blog Dog du Jour on 09.23.20 at 8:35 pm

This situation with the federal government amounts to error upon error upon error.

One more error to address the fallout of the previous error.

At least the federal workers all got to keep their publicly funded jobs and pensions heh.

Oh and why don’t we borrow from ourselves at 0% then we would never have to pay back any debt, ever!

#113 Spectacle on 09.23.20 at 8:38 pm

Hedge fund Bridgewater Associates is working from the forest during …

Llivin’ the Dream, & workin it too!

Ray Dalio Bridgewater Hedge fund working from tent in the trees.

Real men work in the eye of the storm, on their historical Diesel Tug Boat.

#114 Sparky55a on 09.23.20 at 8:40 pm

This is for those who keep saying renewables don’t work (invest accordingly…):

https://www.forbes.com/sites/energyinnovation/2018/12/03/plunging-prices-mean-building-new-renewable-energy-is-cheaper-than-running-existing-coal/amp/

This has been the case for awhile now. Residential electricity break even for small scale solar was around a couple dollars per watt. It’s now much lower then that. And electricity has gotten more expensive. I haven’t checked in a few years, but solar panels are down to about $0.30 per watt as long as you bought full pallets worth (28 panels, give or take, and this was for most brands), and dropping.

Major utilities are installing Solar in the USA for less then the capital cost of comparable Coal/Oil fired generation. But the Solar does not consume fuel = big win for utilities. Maintenance is also very minimal.

Electrical demand has been increasing steadily in North America, (and pretty much worldwide). But show me where new oil/gas/coal power plants are substantially coming online? Hint – they are barely being built…

In my Provence, Nova Scotia, we are now at 30% renewables (our electrical capacity is 2.5 Giga Watts):
http://www.nspower.ca/clean-energy/todays-energy-stats#
And we don’t use large scale solar here yet…. Note that solar works well with peak loads. Also note that I don’t consider Biomass a good fuel, unless otherwise useless waste is used (Biomass is mostly political in creating jobs. It’s not good use cutting down forests just to burn them)

Some other info:
– EV’s are about 3x more efficient then gas/oil cars when using fossil fuels (well to wheel), and becomes substantially “greener” as cleaner energy sources are added to the mix.
– EV’s can be charged during off peak hours. I read a study years ago that the North American electrical grid can sustain something crazy like 70-80% of the cars going EV *without significant upgrades* as long as the EV’s were not charged substantially during peak hours. Which is convenient, as we mostly don’t drive overnight.
– Hydrogen is NOT a fuel. Only a (very dangerous) energy carrier. It’s efficiency is *very* poor (Nat Gas conversion or electrolysis, then conversion into electricity or motion)
– Heat Pumps are very effective and if chosen carefully and properly installed, very efficient. They also don’t rely on fossil fuels, as can be powered from any suitable supply of electricity.

– Wind and Solar are highly effective at making electricity. Its a storage problem that we have. This can be solved by an assortment of:
• EV’s using variable rate electricity pricing; ample engery available = cheap electricity. Reduced avaliable energy = more expensive electricity. Sorta like the time of day billing used by some utilities, but tied to energy availability. THIS IS A HUGE POTENTIAL. Offload a major part of the storage problem to consumers…
• Hydro electricity that’s ramped up and down as required (already done). Some even pump water uphill during off peak hours, to be used during peak hours (Cape Breton has a (old) Hydro plant that does this)
• Long distance HVDC transmission lines to transfer energy long distances where weather patterns are differnt/resources are available. This could be done coast to coast.
• Natural Gas Turbines can be rapidly turned on and ramped up / down as required.
• Grid scale batteries are becoming a reality.
• Grid sized Flow batteries are becoming a reality. These can store energy essentially indefinitely, and energy can be transported as a liquid.
• Battery tech is evolving at a faster then ever pace
• Newer nuclear such as reactors using MOx fuel, or possibly some of the Thorium tech could be part of the energy mix. These would need to be strategically located for long term safety.
• Decentralized grid. 2.5x the needed energy per household (including energy for cars) falls on a typical roof in a day. Building materials incorporating solar in the shingles don’t need to be super expensive, and would last way longer then asphalt shingles.

This is looking at this as an engineering and thermodynamics perspective, not some media or lobbyist release.

Many well paid jobs could be created in creating a much cleaner and renewable infrastructure that won’t kill our environment, and also allow energy independence. Unfortunately I don’t have much hope for our current government to do that. They can’t even turn a profit from becoming dope dealers when they legalized Marijuana…

#115 not 1st on 09.23.20 at 8:42 pm

Garth, can canada survive another lockdown because that sounds just like Justin was alluding to tonight.

No thanksgiving for the plebs, maybe xmas if you behave.

King Justin showers his glory on all who follow blindly.

#116 Jeff Levy on 09.23.20 at 8:42 pm

Even islands are starting to become fully off of fossil fuels, running on renewables:
https://sunpacificsolar.net/100-renewable-islands/

There’s probably many other examples.

#117 The Totally Unbiased, Highly Intelligent, Rational Observer on 09.23.20 at 8:42 pm

Obviously, the diabolical plot of Canadian Prime Minister Justin Trudeau and the Liberal Party of Globalist Traitors is to turn Canada into a post-national state full of HYPOCHONDRIACS who always fear illness so much that they will let Justin Trudeau spend like a Trudeau and destroy everything that Canada had worked hard for 150 years to become.

The original CLIMATE SCAM was not fooling enough people or frightening them enough, so it got rolled into the latest PANDEMIC PLOT. Destroying millions of jobs and entire industries can now be blamed on the climate and pandemics rather than on the bad politicians who actually did it, who always wanted to do it, and who just needed one flimsy excuse or another to do it.

People who thought that it was okay to watch too much television, including all the Fake News on television, because they thought that they always would be able tell the difference between reality and fiction, are now going to be in for a terrible surprise at some point in the future.

#118 45north on 09.23.20 at 8:44 pm

RE-Cowtown

If His Sockiness was really interested in fighting climate change he would put a crap-load of money into building Gen-IV nuclear reactors.

Gen-IV reactors are inherently safe, melt-down safe and eat older stockpiles of nuclear waste.

His Sockiness doesn’t care. He wants to be king and he doesn’t care if he’s king of paupers or princes. Canada should invest in investigation of this technology. Investment should consist of supporting builds in other countries with the goal of developing Canadian expertise. Expertise would consist of a home team who would direct and evaluate participation in foreign builds. For each build, there would be a rotating team of Canadians. The home team would cost $100 million a year. Each rotating team would cost $100 million a year.

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

#119 Abolitionist on 09.23.20 at 8:46 pm

Get woke, go broke.

A major red pill is overdue for all Canadians.

#120 yvr_lurker on 09.23.20 at 8:48 pm

Seems rather crazy to be thinking about all the expensive green inititiatives at this time. Funny how Singh and the Bloc leader have put their own conditions down for their support. Seems like the way things progress is to horse trade on every point. I can’t see Singh following through as his party would be decimated if there was an election. Nothing I can do about this anyway, except watch the hockey game tonight and pretend we are in 2019.

#121 Swordfish on 09.23.20 at 8:50 pm

This speech was definitely scary. I’m thinking of liquidating all my assets and moving to another country.
I’m a single guy no kids. I just don’t see any real future here anymore. My grandparents are Swiss and I have applied for my Swiss passport. I will most likely move there. Best of luck to all.
Jeremy

#122 cramar on 09.23.20 at 8:50 pm

#31 MF on 09.23.20 at 4:57 pm

So why does MS still post here? He/she must enjoy playing the villain and trolling for kicks. Trolls are great at bringing out the worst in normal people online by provoking them…

—–

Sounds like a Russian hacker working for Putin.

#123 tkid on 09.23.20 at 8:53 pm

https://youtu.be/u1rXNTbFm-s

At 13:45, Kevin O’Leary on the Graham Stephan channel stated he was out of commercial real estate and intended to remain that way for another 36 months until he figured how things would shake out in the markets. He also stated his net worth was over 30% in cash, but he made it sound like he is always over 30% in cash.

The entire interview was great, very informative.

From jail? – Garth

#124 Trojan House on 09.23.20 at 8:55 pm

Turdeau is milking this Covid thing for all its got. No Thanksgiving but maybe Christmas…if we’re lucky and he gives us permission.

It’s time for Canadians to start ignoring this guy and all the other premiers and their lockdown, etc., measures. Was it the virus or the government’s reaction to it that caused all these issues? I personally believe it was the government’s reaction to it.

#125 crowdedelevatorfartz on 09.23.20 at 8:56 pm

@#72 Dolce
“We’ll see how it plays out if Cdns. continue to have an appetite for Big G spending without limitations?

From the above poll…it doesn’t seem like they do.”

++++
you hit the nail on the head.
Nobody I talk to give two shits about UBI or CERB.
They are all worried about the economy 6-12 months out.
The Liberal vote buying schemes of universal day care and free pharma will cost billions upon billions AFTER the Covid financial debacle …. as we head into an economic downturn….

Let Trudeau and Freeland prattle on …lecturing the great unwashed about their gender biases and their politically incorrect speech……until everyone is sick of them and votes for ……..”anyone but the incumbent”.

Let them eat cake …as it were.
Welcome to the real world of politics Trudy.

#126 crowdedelevatorfartz on 09.23.20 at 8:59 pm

@#94 Millennial Sadist
“The sight of the Covid-infected Erin O’Toole …”
++++

He doesnt have Covid…..he just felt ill after the Throne speech.

#127 SoggyShorts on 09.23.20 at 9:09 pm

#83 Howard on 09.23.20 at 7:05 pm
Fartz:

Get off your high horse. You voted for this putrid party in 2015. Will Boomers actually prove their worth and use their demographic heft to get rid of this astonishingly incompetent government in the next election? Likely not – they want their pharmacare.
*************************
9.6m boomers
7.2m Gen X
7.3m mills
3.?m zoomers over 18

It’s not really up to the boomers anymore, is it?

If everyone under 40 votes the same way, that’s 37%. Which in Canada is a majority…

#128 dutch4505 on 09.23.20 at 9:11 pm

Prefer Grand Island over Buffalo. Can still get older home in good shape on five acres for less than 400k. For dual citizens we can live in USA and work in Canada. Or work in USA and visit Canada a few times eack week. Best of both worlds. Now if it would only stop snowing so much in the winter.

#129 Phylis on 09.23.20 at 9:11 pm

#108 conan on 09.23.20 at 8:27 pm
Facebook and Google are going to have to pay a royalty every time someone links someone else’s work to it.

Reminds me of the time when there was a suggestion for Canada Post to charge a tax on each email.

#130 DARCELONA on 09.23.20 at 9:19 pm

It will be interesting to see how the markets are with a coup or civil war to the south. Expect at least a boom in the luxury market in Van, Toronto and some rando city. No need for pesky mortgages from these guy$ that’s for cucks. Just get ready to put in a merde de plus of Tesla chargers.. who knows how? lets..

#131 Steven Nicolle on 09.23.20 at 9:23 pm

Short of giving everyone free haircuts the speech and his goals will make the $354 billion defict look like a blip. But don’t worry these are the Liberals who promise everything and deliver nothing. People fall for it though and what he is hoping is this speech was so vague his government will fall and those promises will get him a majority. He uses the fear thing with the Conservatives and why vote for NDP when we are offering the same thing. The only thing is the NDP would deliver while Trudeau for the next 4 years will only give us scandals and fill their pockets.

#132 Quintilian on 09.23.20 at 9:27 pm

I have to give the throne speech an A+++

Hopefully it will be fully implemented by Freeland’s budget.

All the hoopla regarding the deficit comes from people who don’t know a thing about macroeconomics, or by political hacks.

As long as the deficit compares well with other western modern economies, and it does, it is not an issue.

#133 crowdedelevatorfartz on 09.23.20 at 9:30 pm

Gee 147 overdose deaths in BC in AUGUST…..up 71 % from August 2019……..

Covid?

Pfffffft.

#134 Alex MacKenzie on 09.23.20 at 9:34 pm

What on earth was our dear leader’s contribution with his speech?? He basically reiterated what the GG said. How did this require every network in Canada to give him 30 minutes of free airtime?? Does this narcissist know no limits?

#135 Steve on 09.23.20 at 9:35 pm

Can anyone explain how to tax corporations in the age of intellectual property? Corporations simply assign ownership of intellectual property to a low tax location and license that intellectual property to the high tax location thus drawing out all profits.
So the only way out of this hole is taxing people either sales tax gst or income tax.

#136 crowdedelevatorfartz on 09.23.20 at 9:39 pm

@#83 Howweird
“Get off your high horse. You voted for this putrid party in 2015.”
+++++

Actually I voted for “anyone but the incumbent’ …
Harper was becoming an arrogant prick.
I think a lot of voters felt that way.
Now?
I beez thinkin lotsa voters ( young and old) are a tad fed up being lectured on how they should think, talk and act……….

#137 Nonplused on 09.23.20 at 9:40 pm

#69 Linda on 09.23.20 at 6:32 pm
Well, given that ‘the Donald’ strongly encouraged people to try to vote twice, trumpeted that mail in ballots were a recipe for fraud & other such smoke & mirrors I’d say the odds of an electoral challenge should the vote go against is a near certainty.

———————————

Sooner or later people are going to have to accept that presidents use sarcasm too. Trump was trying to point out that mail in ballots are ripe for fraud.

Although I suppose Scott Adams, who makes his living trying to be funny, suggests that about 1/3 of the population cannot understand a joke and only pretends to if other people are laughing. I suppose sarcasm might be equally elusive for these people or some other subset of the population.

#138 Drinking on 09.23.20 at 9:42 pm

Sigh, besides that Mill buffoon character that does not seem to understand the cost and environmental degradation of building and charging an EV I fail to understand on how Canadians would fall for T2’s imaginary promises again; if so, we (ESPECIALLY THE YOUNGER GENERATION) are hooped. Cash is King!

#139 Nonplused on 09.23.20 at 9:51 pm

Umm, no, no, and no.

The sun does not shine at night, and the wind does not blow everyday. And coal is on the way out either way.

#140 crowdedelevatorfartz on 09.23.20 at 9:52 pm

@#86 A Cashless recording
“Yet nobody is talking about the systematic queenalism, Canada is subjected,….”

+++++
Errrrr.
Couldn’t find “queenalism” anywhere…….
New gender neutral term?

#141 I love millenials on 09.23.20 at 9:54 pm

#1 Millennial Surrealist on 09.23.20 at 3:55 pm
#2 Millennial Realist on 09.23.20 at 3:57 pm
…. all other millennials
——————————————————————-

Listen guys, if you’re not too busy working at your menial jobs tomorrow (which of course you will do for the rest of your life since someone has to pay off the debt your buddy JT has racked up) maybe you could join me at the dealership as I lay down a down payment to secure my new 2021 C8vette for spring delivery. It’ll have nearly every option available on it.

Let me know how your day goes. Never forget, jealousy is one of the deadly sins. And no … I don’t feel sorry for you. Who said life was fair?

#142 BOB on 09.23.20 at 10:13 pm

If the conservatives are listening,
I like the punchline
“We agree this is not a time for austerity… but it also no time for stupid”

#143 kommykim on 09.23.20 at 10:22 pm

RE: #65 gimme stuff on 09.23.20 at 6:28 pm
#13 Catalyst on 09.23.20 at 4:18 pm
As a middle age white male, I hate being constantly attacked for my supposed privilege. I have received no grants, no money from parents, and higher car insurance.
——————–
And mostly white males run the country and provinces.

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

Yup. And those white males don’t give money to the other white males just because they are also white males. They have to earn it themselves because no one has any sympathy for them even if they did have a hard life for whatever reason.

#144 French fry on 09.23.20 at 10:23 pm

Hey Stone. You don’t get the point. The government is giving handouts to many impacted by this virus. Due to this virus some companies are downsizing and unfortunately the 55 year old is impacted. This 55 still wants to add value to society and unfortunately jobs are scare for this group. Maybe this 55 has saved and maybe he has a pretty nice nest egg, but that is not the point. This person would like to work and be a value in society. If that is not possible then like everyone else that gets a handout so should this category of “losers”.

#145 French fry on 09.23.20 at 10:24 pm

Hey Stone. You don’t get the point. The government is giving handouts to many impacted by this virus. Due to this virus some companies are downsizing and unfortunately the 55 year old is impacted. This 55 still wants to add value to society and unfortunately jobs are scare for this group. Maybe this 55 has saved and maybe he has a pretty nice nest egg, but that is not the point. This person would like to work and be a value in society. If that is not possible then like everyone else that gets a handout so should this category of “losers”.

#146 Leftover on 09.23.20 at 10:26 pm

Right now there are exactly 8 covid cases in our region of lotus land, so Thanksgiving and Christmas plans are moving along. Don’t need anyone’s permission.

Will wear a mask when buying turkey.

#147 YouKnowWho on 09.23.20 at 10:29 pm

Mandatory Vaccination?

Interesting US based info tries to make sense of it.

https://ogletree.com/insights/mandatory-covid-19-vaccination-is-it-legal-and-is-it-right-for-your-workplace/

#148 YouKnowWho on 09.23.20 at 11:18 pm

Did you see our finance minister on The National?

O
M
G!

We have to spend! Spend! Spend!!!!

#149 TurnerNation on 09.23.20 at 11:53 pm

Yes we are in Phase 2 (Programming stage) of this global roll out.

How about that science, that 100% indelible proof and reproducability? Naw we don’t need that.
This is what’s being used to shut down the free economy. Look at their word games in this article.

(The illusion of freedom finally fell. Children are back in school for one reason: the New System programming.
They will learn to love Glorious Leader: smoke T2 soma, take T2 CERB, vote T2. How about T3??)

What is a “sign” of a symptom? Don’t dare cough in public. FEAR, trauma and punishment is how our tax farm farmers herd us. To control our feeding, breeding and movements. Time tested and true.

Anyone recall these similarities, oh how about in 2001. You could be detained indefinately under “suspicions” of being a t3rr0rist. Or if you simply were ‘Near’ one. Same same here. No science needed.:

https://ottawa.ctvnews.ca/mobile/follow-covid-19-isolation-rules-or-face-5-000-daily-fine-ottawa-s-top-doctor-1.5115471

“Act that requires people to self-isolate if they test positive for COVID-19, have signs of symptoms, are a close contact of a positive test, are awaiting a test result or have reasonable grounds to believe they may have COVID-19.”

#150 Abolitionist on 09.23.20 at 11:59 pm

“If masks actually worked, they’d be banned like hydroxychloroquine” – an attractive woman holding a sign.

#151 Dead to rights on 09.24.20 at 12:04 am

#19 SoggyShorts on 09.23.20 at 4:24 pm

I find that perhaps most importantly masks remind us that we should be vigilant. Wash hands, don’t touch stuff, don’t stand so close etc.

——————————————————————
You’d think .. but you’d be wrong.

People wearing masks tend to be some of the worst offenders. Putting that mask on tends to make some people feel that their mask is an impenetrable shield that will protect them from everything. Many touch their hands to their face as they remove their masks to talk on their phone, have little regard for standing close to others, don’t wear it properly and haven’t yet figured out what those arrows on the floor mean!

And if you are doing it all for me, then please stop.

#152 TurnerNation on 09.24.20 at 12:15 am

^How do you program the children? First you must destroy the family unit. Textbook communism.
Break the parents down. Take away their livelihood. Break them financially Pressure their opinion via media and peer pressure.
Humiliate the parents. Make them stand on their Mark, like a dog, in order to transact commerce. And stand
6-6-6 feet apart (or in the UK, in groups of 6-6-6, and still wear a Freedom Mask (with the hopes it will be restored)
Destroy all the Old Culture. We see now in the New System the Old Culture banned.
In my prefecture: No more live sports, concerts, Thanksgiving, Halloween, music, office Christmas parties, fall fairs, car shows.
Only CV religion is permitted. Follow your rituals.
No Comrade only work work work. We have new national debts piled on don’t you know.

Everything old is new again. Try posting your opinion on major social media. Dare ya. See how much free speech you have. This will take place:

https://en.wikipedia.org/wiki/Struggle_session
A struggle session was a form of public humiliation and torture that was used by the Chinese Communist Party (CCP) at various times in the Mao era, particularly years immediately before and after the establishment of the People’s Republic of China (PRC) and during the Cultural Revolution. The aim of a struggle session was to shape public opinion and humiliate, persecute, or execute political rivals and those deemed class enemies.[1]

In general, the victim of a struggle session was forced to admit various crimes before a crowd of people who would verbally and physically abuse the victim until he or she confessed

#153 NSNG on 09.24.20 at 12:21 am

On politics:

This is very speculative but it may cause some to think:

In BC, Horgan’s plan for a powerplay could possibly be him trying to grab power for four more years in order to satisfy international socialist ambitions. I’m not sure who he takes his marching orders from but if he is taking his orders from internationalists, then he will want more than the year left on his mandate to consolidate their latest international power grab.

On the US elections:

I think Trump has a strong chance of winning. I think it is his to lose. Caveats are democrats somehow finding a way to cheat.

What will be a much more interesting outcome will be the US senate. With the GOP only holding 52 out of 100 seats, the chance of them losing the senate is good. There are some close races there and, once again, the Dem’s desire and ability to cheat is that much higher and easier for them to do.

IMO, the senate will either swing to the Democrats or the GOP will get stronger there (no status quo). Where the chaos comes from is if the Dems win the senate because that’s where impeachment trials are fought and won. If you think Trump’s persecution was bad in his first four years, just watch what kind of red terror gets unleashed on him if the donkey party (or is it the party of donkeys?) gets their ambitious paws on the senate

#154 DON on 09.24.20 at 12:25 am

#93 Sunny South on 09.23.20 at 7:41 pm
Well, it seems that the whole “will interest rates be going up?” question was answered in the Throne Speech. Rate are to locked at current near zero rates “for decades”. Even the Governor General smiled at that one. So how is housing going to become more affordable?

Governments and Throne Speeches do not set interest rates. – Garth

************
You have to be tired of saying that…again and again.

#155 Ponzius Pilatus on 09.24.20 at 12:53 am

I hope that our Honorable Prime Minister does not call an election before the B.C. Election is over.
I don’t think that CEF’s heart can take the stress of 2 Elections at the same time.

#156 Nonplused on 09.24.20 at 1:00 am

So that was the big announcement? Second wave? No shit Sherlock…. The schools are open again.

PS my son’s online learning is off to a bumpy start, which I expected. A lot of it is because the class lists keep changing and they are having to reassign teachers, as well as the usual bumps in the road one experiences when rolling out new software implementations. My son got reassigned to a new math class and didn’t even know about it until his teacher contacted him to find out why he wasn’t turning in his assignments. He was still working in the old class!

But I think these issues will get straightened out. Word is that the disruption is being caused by a large number of kids who tried in class learning with all the new covid rules deciding that it isn’t for them and they want to stay home. So the administration is scrambling trying to straighten out the classes and assign teachers. My son has one class that currently has 102 students. I am sure that will be addressed but we have to give them some time.

But it shows that as always the public is generally ahead of the government. Many people were wearing masks in Costco long before the number of cases warranted it.

#157 Nonplused on 09.24.20 at 1:08 am

PS my son decided on the online version after coming to Costco with me and then referencing that soulless experience with the opening plans. It was what he was going to be expected to do, not what he was going to catch, that made him decide it wasn’t worth it. I mean after a certain point it just isn’t worth it. You don’t mow the lawn in the rain.

#158 S.Bby on 09.24.20 at 1:10 am

RE: The Vote from Hell

Trump says if he loses the election he won’t leave office voluntarily. And the USA could collapse into civil war.

#159 morrey on 09.24.20 at 1:17 am

“Home prices to drop, new report predicts — and even Toronto and Vancouver won’t be immune
Moody’s predicts prices for all housing types to fall more than 7 per cent”

if this decline kicks in i think we’ll realistically see 10-12 % declines by January

#160 willworkforpickles on 09.24.20 at 1:22 am

Although Left and Right wing extremist’s are growing in numbers and a seething hatred for each other festers over the issues that exist currently, they only add up to a small portion and a minority of the people in the US overall.
Most choose to ignore it all and carry on with life at this point.
The real social unrest to come will be economic in nature with the extremists wildly partaking right in the thick of it all among the masses.
Economic in nature, as the cost of survival for the majority of Americans reaches the breaking point of affordability to maintain even the basics with a government no longer able to support so many.
Trump fired up riots likely to come notwithstanding as the days of government support are not behind us yet.

#161 Ponzius Pilatus on 09.24.20 at 1:27 am

#79 Howard on 09.23.20 at 7:02 pm
Thanks again to Ontario women for forcing this Orwellian government on the country because you love the leader’s hairdo!
—————–
Agree, looks make a difference.
If Pamela Anderson would have run for Prime Minister, I would have voted for her for sure.

#162 Ponzius Pilatus on 09.24.20 at 1:40 am

The citizens of the USA and the UK are paying a heavy price because of poor leadership during this Covid crises.
Arrogance comes before the fall.

#163 Democracy is coming to the USA on 09.24.20 at 1:43 am

Sail on, sail on
I’m sentimental, if you know what I mean
I love the country but I can’t stand the scene
And I’m neither left or right
I’m just staying home tonight
Getting lost in that hopeless little screen
But I’m stubborn as those garbage bags
That Time cannot decay
I’m junk but I’m still holding up
This little wild bouquet
Democracy is coming to the USA

This should be a lot of fun…
https://www.theatlantic.com/magazine/archive/2020/11/what-if-trump-refuses-concede/616424/?utm_source=twitter&utm_medium=social&utm_campaign=share

#164 meslippery on 09.24.20 at 1:45 am

2x4s may be $7.00 each but why in a country this big with only 35-40 mil people should a house cost so much?
I mean $7.00 a 2×4 is a recent thing but home price,s have been high for some time. Right…the market can stay crazy longer than you can stay solvent.
Got it.
Oh and the Government and it regulations may add to the price.

#165 willworkforpickles on 09.24.20 at 1:55 am

I would be the first to agree that it is much too early to be concerned with times of economic upheaval taking it to the streets. Times of greatest social unrest will be under economic implosion in the years to come. Not over Trump or police issue related rioting which will prove in time minor by comparison.

#166 Balmuto on 09.24.20 at 2:42 am

“#4 Stan Brooks on 09.23.20 at 4:01 pm
Buffalo is a great buy.

10 times cheaper than GTA, same crime rate, better health care.

Cheers“

Only problem is, it’s Buffalo. Argument lost.

#167 TRUMP2020 on 09.24.20 at 5:16 am

I can’t wait until they turn the internet off and we can all go back to not worrying about everything and just live a simple transistor radio life.

#168 ts on 09.24.20 at 6:46 am

#153 Don

Governments and Throne Speeches do not set interest rates. – Garth

************
You have to be tired of saying that…again and again.

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

Don’t feel so smug. There are some things that are beyond even the government’s control. Interest rates can rise almost overnight. Look at what happened in the 80’s; interest rates went up to 20% and government couldn’t do a damn thing.

#169 N on 09.24.20 at 7:10 am

https://www.insauga.com/province-permits-employers-to-defer-contributions-to-pension-plans-until-march?fbclid=IwAR0983Uyd-ueDaZ_zjPs-ZCVhgHqxeBsSsG9T2-aKKHkGG3Q2TnYqjmv0yk

#170 WAKEUP on 09.24.20 at 7:38 am

DELETED

#171 technical analysis? on 09.24.20 at 8:03 am

Cash is moving into small caps (which always lead a recovery)_
____________________________________

the small caps, measured by the Russel 2000, is the weakest of all the indicies. it hasn’t outperformed anything. it’s been and still is, the worst performing index.

Yes, wait until things get more expensive and then buy them. Great idea. – Garth

#172 A little knowledge... on 09.24.20 at 8:07 am

@Ace

Please explain how the Chinese can stop buying US Treasuries (or something else denominated in US$) while continuing to sell far more to the USA than it buys from it.

(if it’s easier, maybe you can explain what the Chinese will do with the US$ it receives from selling their treasuries *sigh*)

p.s. zerohedge is a formerly interesting site that is now worse than useless

#173 technical analysis?? on 09.24.20 at 8:32 am

Yes, wait until things get more expensive and then buy them. Great idea. – Garth
_________________________________

right. i need to buy it now, when it’s collapsing. even better idea.

I couldn’t care less what you buy, nor does this blog make such recommendations. The comment was an observation, and it is correct. Go find something useful to do other than being a troll. – Garth

#174 Ace Goodheart on 09.24.20 at 8:36 am

Re: #118 45north on 09.23.20 at 8:44 pm

His Sockiness doesn’t care. He wants to be king and he doesn’t care if he’s king of paupers or princes.

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

T2 is “woke”. The woke folks have a casual, sort of non binding, no commitment relationship with the truth.

For example, did you know:

https://www.alberta.ca/carbon-capture-and-storage.aspx

Yup, Alberta is a world leader in carbon capture and storage.

You never hear about that in the “woke” journalist populated newspapers. Our PM hates Alberta and makes no secret of it.

The Wokies like to stick to their “truth” even if it is a bunch of lies. They don’t like to think about things, so they just latch on to “woke ideas” and look for stuff to support their hypothesis (which they view as fact).

It is maddening to watch.

You think you have to fact check Trump all the time. The Woke folks make Trump look like Honest Ed.

#175 theoryAndPractice on 09.24.20 at 8:36 am

https://news.sky.com/story/coronavirus-dogs-deployed-at-helsinki-airport-to-sniff-out-virus-12079289

#176 theoryAndPractice on 09.24.20 at 8:37 am

https://calgaryherald.com/opinion/columnists/braid-detached-from-reality-throne-speech-ignores-canadas-biggest-economic-problem

#177 Michael Bruce Chase on 09.24.20 at 8:55 am

I for one will be glad when the WFH crowd gets back to working normally. I live in Ottawa and a hell of a lot of those WFH gov’t employees are working from my golf course, clogging it up with their SLOW PLAY. Duffers everyone of them are ruining it for us regular duffers.

#178 jess on 09.24.20 at 9:09 am

systemic
FinCEN is the US Financial Crimes Enforcement Network. These are the people at the US Treasury who combat financial crime. Concerns about transactions made in US dollars need to be sent to FinCEN, even if they took place outside the US.

Why should you care? Join the dots people suffer and die
A visit to one of the ‘dodgiest addresses in the world’
https://www.bbc.com/news/uk-54226107
Why does this matter?

https://www.icij.org/investigations/fincen-files/

Westpac’s scandal highlights a system failing to deter corporate wrongdoing.
Two acronyms you need to know

===================================
Hong Kong (CNN Business)Westpac, one of Australia’s largest banks, has agreed to pay a record-breaking penalty of nearly $1 billion for systematically allowing money laundering on its watch.
The company announced Thursday that it has agreed to the 1.3 billion Australian dollar ($920 million) fine with AUSTRAC, a regulator in Australia that fights financial crime. Westpac also admitted as part of that deal that it broke anti-money laundering and terrorism financing laws more than 23 million times.
“I would like to apologise sincerely for the bank’s failings,” CEO Peter King said in a statement. “We are committed to fixing these issues to ensure that these mistakes do not happen again. This has been my number one priority.”

#179 crowdedelevatorfartz on 09.24.20 at 9:21 am

@#175 Michael Ball Chase
“….a hell of a lot of those WFH gov’t employees are working from my golf course….”

++++
You own a golf course?
And you’re whining about too many duffers?

One would assume you ‘re retired and have a membership.
Suck it up buttercup……
Winter , like Covid, is coming.

#180 Gravy Train on 09.24.20 at 9:43 am

#141 I love millenials on 09.23.20 at 9:54 pm
“[…] Never forget, jealousy is one of the deadly sins.[…]” You’re confusing jealousy with envy. Jealousy is the fear of losing something one already has to someone else, while envy is the anger one feels for not having something that someone else has. Get it now? :P

#181 TurnerNation on 09.24.20 at 9:43 am

The War on our Way of Life Continues. Basically our global rulers h8 our way of life and want us crammed into shoebox condos in a UN Smart City. Any questions?
Everything must be changed in the New System – which was rolled out that week in March.

https://cottagelife.com/general/ontario-cottagers-could-see-their-electricity-bills-double/

An estimated 78,000 seasonal customers could see their electricity bills double in the near future, says the Federation of Ontario Cottagers’ Associations. On September 17, the Ontario Energy Board announced that it will be eliminating Hydro One’s seasonal rate class.

#182 Penny Henny on 09.24.20 at 10:01 am

You can earn the same money in your underwear at home as you can in the cube.-GT
////////////////

So true, I discovered this years ago.
All you need is a webcam and a paywall.
Talk dirty to me baby.

#183 Captain Uppa on 09.24.20 at 10:24 am

Sigh.

Are we STILL doing the whole “this place is better than this place” thing?!

What a tired debate.

#184 Dharma Bum on 09.24.20 at 10:24 am

No wonder the millennial cohort is giddy with delight.

JT and his band of merry pranksters are setting the stage to solidify Canada as a haven for losers.

Y’know – the lazy, the unambitious, the uneducated, the unmotivated, the disenfranchised, the dumb, the listless, the shiftless, the naive, the entitled, the takers, and Hamilton.

Millennial Heaven.

Good job.

Enjoy.

#185 willworkforpickles on 09.24.20 at 10:27 am

“Yes. Livin the dream.”
I need everything the world owes me
I tell that to myself and I agree
…….10 years past built on debt.
…….and the lies of 10 years yet.
and right in between so I’ll
I’ll just play along with you and you and you.

#186 MF on 09.24.20 at 10:39 am

2 Dharma Bum on 09.24.20 at 10:24

Here is an example of someone who got sucked into the Millennial Realist’s trolling.

Embarrassing himself with large brush strokes of an entire generation.

No one is giddy here bud, you were just duped by a troll.

Oh yeah, and the throne speech is called politics. The Libs are courting NDP voters. Nothing new.

MF

#187 Dharma Bum on 09.24.20 at 10:40 am

#150 Dead to rights

Putting that mask on tends to make some people feel that their mask is an impenetrable shield that will protect them from everything.
——————————————————————–

Mask wearing is simply a symbol of compliance.

Nobody really actually believes that the piece of cloth draped on your face does anything to prevent the transmission of microscopic particles.

It simply makes your day to day life easier.

Try not wearing it.

You’ll be hassled, confronted, shamed, and barred.

So, we just stick it on, and carry on.

Flavour of the month.

If the powers that be determine that we now need to wear our clothes inside out, and genuflect upon entering a place of business in order to prevent the spread of covid, we will comply just not to deal with the hassle of confrontation.

As long as the economy does not get shut down, we’ll dance a jig to whatever tune is being played by our clueless, lost, directionless governments at every level.

Our lives are an episode of the show Black Mirror.

#188 kc on 09.24.20 at 10:49 am

151 TurnerNation on 09.24.20 at 12:15 am

it will be a bullet in my temple b4 I cow down to a communist regime….

cheers

#189 Mattl on 09.24.20 at 10:50 am

#163 meslippery on 09.24.20 at 1:45 am
2x4s may be $7.00 each but why in a country this big with only 35-40 mil people should a house cost so much?
I mean $7.00 a 2×4 is a recent thing but home price,s have been high for some time. Right…the market can stay crazy longer than you can stay solvent.
Got it.
Oh and the Government and it regulations may add to the price.

—————————————————————-

It isn’t just dimensional lumber that has increased in price, everything required to build a home has. Labour is impossible to find and the guy doing site cleanup is 20+ an hour.

Cost per sqft to build in BC is $175+. So a 3K sqft home on a 200K lot – pretty hard to find, but doable in the Interior – is 700K+ builder cost. Build in some profit, and anything below 800K and it doesn’t make sense.

#190 willworkforpickles on 09.24.20 at 10:51 am

#132 Quintilion
“I have to give the throne speech an A+++

Hopefully it will be fully implemented by Freeland’s budget.

All the hoopla regarding the deficit comes from people who don’t know a thing about macroeconomics, or by political hacks.

As long as the deficit compares well with other western modern economies, and it does, it is not an issue.”
……………………………………………………………………………………………….

Sure it all goes by in times of high employment and high production that keeps the wolves at bay…but will boomerang in times of high unemployment when the chickens come home to roost.

#191 IHCTD9 on 09.24.20 at 11:07 am

I got a hunch.

All the new taxes which must come – will not affect me one bit. Somehow, Trudeau will “tax the rich” but miss the mark again, while the handouts will be line-drives straight into our bank account.

I hope the past repeats, and Trudeau keeps pumping thousands of dollars into the IHCTD9 economy. Man, I’m glad I’m sneaking up on 50 instead of 30. Canada, and Canadians are different now, and that’s cool. Just don’t look to me to finance the newly created future. My Trudeau bucks have already been allocated, although you may recover a portion of them thru higher taxation of YAMAHA and GM :D

#192 Calguy on 09.24.20 at 12:48 pm

Okay after hearing the throne speech ..yawn…it is time the west gets out. With turmoil in the States, I propose Cascadia with the west coast (CA, OR, WA, BC and Alberta) If not, the Alberta should look to join Montana. This will be best for our kids and grandkids to get out and avoid crippling future taxes. Why universal daycare? Why not help fund single mothers and people in need, but not universal. And using the excuse of the pandemic to pivot and reset everything is ridiculous. So many people out of work and needing a strong economy should be the focus. It is clear that Central Canada is the priority. Time to plan and let’s get this annexation/separation started…

#193 meslippery on 09.24.20 at 12:54 pm

#189 Mattl
Labour is impossible to find and the guy doing site cleanup is 20+ an hour.
————-
Reddy mix concrete drivers average pay $24.40 but it was $20.00 in 1985
That’s maybe way labour is impossible to find.

https://www.payscale.com/research/CA/Job=Concrete_Mixer_Truck_Driver/Hourly_Rate

#194 MF on 09.24.20 at 1:33 pm

192 Calguy on 09.24.20 at 12:48 pm

Yeah sure. Like the US is going to split up for you.

News flash: this ain’t 1860. And speaking of 1860, the last time there was talk of rebellion, it didn’t go very well for the rebels.

Back to Canada. Look at the 2019 election map. See the blue all over Ontario outside of the gta? Yeah. I wouldn’t throw the baby out with the bath water on that one.

MF

#195 Linda on 09.24.20 at 7:30 pm

#137 ‘Non’ – two questions. #1 – what are you using?; #2 – do they deliver? Got to be good stuff if it makes one think Trump is just being sarcastic/joking.

#196 Steven Rowlandson on 09.24.20 at 8:14 pm

“Yes. Livin’ the dream.”

More likely dreaming of living.

#197 Charles Scaling on 09.24.20 at 11:21 pm

GARTH,
I LOVE YOUR BLOG ITS NOT PATHETIC AT ALL BUT IS FULL OF VERY USEFUL INFORMATION AND HUMOUR .
THANKS A LOT FOR ALL THE WORK YOU PUT IN TO IT.