Captain Covid

Just when you thought stuff couldn’t get weirder. It did. The Trumps have the virus. Mild or serious? Dunno.

Overnight, as the news was broadcast, the odds of a Biden win next month shot through the 60% mark. Stock futures tanked, until the market got more interested in the latest jobs numbers (not too hot – the recovery is slowing, Covid is winning).

Some think the at-risk, obese, mask-flaunting, 74-year-old president got what he deserved for trying to man his way through a public health crisis and downplay the bug. Others think he will receive sympathy and support as he works towards recovery. Meanwhile the Vix went up, oil fell and more confusion was injected into our world.

But remember what we said a few days ago? The presidential race is a sideshow. Markets care way more about the economy and stimulus. That’s why the Trump diagnosis turned on Friday into a financial nothingburger. So here’s the latest:

Over 661,000 jobs were created in the US last month when 850,000 were expected and compared with 1.5 million the month before. The overall unemployment rate fell half a point, but also down were the number of people in the workforce. When folks who have given up looking for work are factored in, the jobless rate is 12.4%. Ugly. So, as stated above, the good news is dribbling away – bad news for Trump.

Meanwhile there’s renewed hope Congress will get its act together and pass a fat new stimulus bill. With Trump sick, odds grow Republicans will want that cash flowing as soon as possible. Millions of unemployed need support. Angry, struggling people don’t usually vote for an incumbent. The bottom line is simple: if the president is truly stricken and markets wobble, the taps will turn on. More stimulus.

Meanwhile investors have been looking past the gloom, infections, job woes and GDP plop. Earnings forecasts for S&P companies are up – month after month all the way to the end of 2021. We know a vaccine is coming. We know it’ll allow more, safe reopening of the economy. We know GDP will restore. We know global growth will spurt as the pandemic fades. We surmise by the end of next year American employment levels will be back to those of late-2019. And we know in 2021 central banks will not change a thing – rates in the ditch and massive stimulus spending continued.

Who’s in the White House will be moot. So all of this pre-election angst and extremist positioning is useless, futile, destructive and degrading. When it comes to your portfolio, don’t be distracted, tricked or diverted by the headlines. Just look at the hours following the Trump early-morning testing. Anyone selling on that news was being hasty and emotional. Those who slept in were fine. There’s a lesson in that.

$     $     $

Retirement? Ha. It’s a myth for many without defined-benefit pension plans or seven-figure investment accounts. Canadians are making two big mistakes: (a) thinking they can live on government pogey – CPP, OAS or GIS – and (b) saving.

But you’re not alone. A report this week (Natixis Global Retirement Index) points out that people around the world trying to, or about to, retire are facing the four same nasty realities. They are absurdly low interest rates, record levels of public debt, virus-induced recession and income inequality. Also named is climate change – increasingly the cause of health issues while climate-related disasters chew up property and wealth.

The report states a second wave of Covid will just make things worse, and that interest rates have now gone negative in 16 of the 44 countries studied (including us). Four years ago, only one country gave savers a lower rate of return than inflation. Meanwhile, as you know, society is getting older – especially in the western world. The strains on retirement support plans and health care will augment, just at a time when governments have gone trillions into debt to deal with a virus they all pretty much botched.

The recession has caused many seniors to raid their retirement savings in Canada, the States and elsewhere. Not good. A multitude of households have also deferred debt repayments, making the amount they owe that much greater. Low rates not only clobber those who opt for brain-dead GICs or sucky HISAs, they also hurt pension plans – big time. Bond yields drop to nothing while pension liabilities grow (this is a good argument for commuting a pension, if you can). Future payouts become larger. Pension administrators freak out more.

Lousy returns also mean retirees have to deplete their savings faster in order to get by, raising the risk of outliving their money. As for governments, they’re blowing their brains out on the virus, which means tough choices ahead as a sea of old fogies expect support after gambling everything on real estate.

But blah, blah, blah. You know all this. The report just confirms again what we’ve talked about for a few years on this pathetic site. Savings vehicles are a one-way street to financial stress, unless you already have millions. Public pension payments will leave you gasping for cash flow. And thinking a house is a substitute for income is a really bad idea. Houses cost money. They do not produce it.

The big risk – more than ever since rates have collapsed and governments gone off the rails – is running out of money. It is not losing it. Financial markets got through Y2K, Nine Eleven, the Dot-com episode, the credit crisis and (soon) the pandemic. Those who invested well, stayed that way and ignored the noise (like an infected president) have reaped. Those who let fear dominate have lost.

Never in our lifetimes has this been more poignant than… now.

178 comments ↓

#1 Billy Buoy on 10.02.20 at 3:46 pm

There is NO eCONomy…as you noted, it is ONLY STIMULUS.

When did our interest rates go negative? I thought that could NEVER happen here.

#2 Rick Fast on 10.02.20 at 3:47 pm

GTA Real Estate is going DOWN!! 30% correction coming. Condos falling now, will move up the chain. Realtors will beg for bread

#3 Moose on 10.02.20 at 3:53 pm

Love or hate the Trumps one still wishes for a speedy recovery.
Garth, once again you are right on the button. Our diversified portfolio is doing well and has regained much ground.

#4 KNOW IT ALL on 10.02.20 at 3:55 pm

INVEST in ALL things ELECTRIC!!

#5 The Totally Unbiased, Highly Intelligent, Rational Observer on 10.02.20 at 3:58 pm

“Just when you thought stuff couldn’t get weirder. It did. The Trumps have the virus. Mild or serious? Dunno.” — Garth

I do know.

This is very serious for that Chinese virus from Wuhan. It made a fatal mistake when it tried to mess with President Donald J. Trump. His immune system will totally pulverize that puny little virus and send it right back to where it came from in a tiny little body bag. It is no match for The Donald.

Will you just shut up, man? – Garth

#6 Earlybird on 10.02.20 at 3:58 pm

Thank you for your sane guidance as always!! Criminally low rates for too long have created this financial monster!! Most have no expectation of retirement at all….

#7 God bless the 45ths on 10.02.20 at 4:04 pm

I wish them a speedy recovery. We need jobs, secure borders, less war, more communication, lower taxes and all that they stand for. I think I’m living in the wrong country.

#8 R on 10.02.20 at 4:05 pm

I do not believe Trump actually has Covid . This is likely a tactic to avoid further debates and squeeze out some sympathy votes. This also diverts some attention from his taxes. This announcement is suspicious.

#9 Linda on 10.02.20 at 4:08 pm

As per press releases, Trump is experiencing ‘mild’ symptoms. Whether that is actually true is anyone’s guess.

Speaking of ‘the virus’, have not a number of commenters been of the opinion that only geezers will succumb? For those who haven’t set aside sufficient to retire on, could be that not having done so won’t be an issue if life expectancy is cut short. Not an outcome I’d want, but one thing germs don’t do is take people’s wishes into account. ‘Health is wealth’ as my Mom used to say.

As for CPP/OAS/GIS, isn’t the new plan to replace all of that with UBI? Of course, that still means relying on the government to keep its promise to provide income. Not reassuring is all I can say. As for public pension plans, keep in mind CPP is a public plan too. I still think the rates of contribution for CPP should match the pension contributions being deducted off the salaries of all those much envied public servants. That way what people might get in retirement would possibly be enough to live on & if nothing else, would ensure that people would have set aside something for their future no matter what their actual financial skill set might be.

#10 Manuel Scarola on 10.02.20 at 4:09 pm

Ontario seems to be slowly locking down we’ll see

#11 duffy on 10.02.20 at 4:10 pm

Mr. D Trump should smile more.
Ms. M Trump has very nice eyes.
Apparently resulting in weak correlation.

#12 The Woosh on 10.02.20 at 4:11 pm

“ We surmise by the end of next year American employment levels will be back to those of late-2019. ”

———————————————-

Oh Garth, I was looking for a good laugh today and this was it. Anyone who believes that the unemployment numbers will come back down to late-2019 levels by the end of next year is smoking the good ganja!

#13 Cto on 10.02.20 at 4:19 pm

unfortunately goverment and central bank policies are only there to help people who have blown their brains out on debt,…so badly so,… that their next move appears to be extraction of savings from those left that may have any, either through asset inflation, (that would be housing in this country), or general gouging taxation,, likely both.

#14 HowDeepThe Pain? on 10.02.20 at 4:20 pm

Best balanced comments this week from health sector.
Neil Rau, seem like this guy actually understands the economy is important. Shocking!
https://www.bnnbloomberg.ca/video/ontario-shouldn-t-go-back-to-stage-2-based-on-the-current-case-numbers-infectious-diseases-specialist~2045056

#15 Doug t on 10.02.20 at 4:22 pm

I know a ton of boomers with zero pension, minuscule rrsp’s and tons of debt – retirement not an option – most of them invest weekly in the lotto

RATM

#16 Doug in London on 10.02.20 at 4:23 pm

So Trump has COVID 19? Considering how he and his administration handled this pandemic it looks to me like karma, in other words what goes around comes around.

On a different note, XLE-NY is on sale now. At today’s closing price it has a yield of 7.59%.

#17 AM in MN on 10.02.20 at 4:25 pm

Garth, I still think your mind is so last century.

They can keep printing and paying, if that’s what the people vote for. Eventually they just re-print the bills with a couple of zeros taken away, like most South American countries have done.

This can keep going for decades. The government cannot default on it’s debt as long as it only borrows in it’s own currency.

It has ramifications that you can profit from if you understand it. Most of course will lose. Your pension check stays the same while the value of it decreases and your property taxes keep rising.

No one has or will die from global warming. Don’t buy a beach house in a hurricane zone if you can’t stomach the risk…kind of like junior mining stocks.

#18 Jimmy Zhao on 10.02.20 at 4:26 pm

Well, it’s the first time Trump has tweeted something positive.

#19 Ponzius Pilatus on 10.02.20 at 4:27 pm

#11 duffy on 10.02.20 at 4:10 pm
Mr. D Trump should smile more.
Ms. M Trump has very nice eyes.
———————
The Lady looks uptight.
Hope Hicks is a stunner.
Gotta wonder what’s going on behind closed doors.

#20 Steve on 10.02.20 at 4:32 pm

“Houses cost money. They do not produce it.”

Try telling that to a realtor.

#21 Overheardyou on 10.02.20 at 4:32 pm

Since debt seems to have unlimited growth and the more you have the richer you seem…if someone dies, does the debt just get forgotten or passed on to your still living relatives?

#22 neo on 10.02.20 at 4:34 pm

If the stock market and economy can no longer function without ever increasing stimulus then they don’t actually function at all. It’s basically accomplishing the same thing as Viagra.

The problem? – Garth

#23 crowdedelevatorfartz on 10.02.20 at 4:34 pm

@#12 The Woosh
“…….is smoking the good ganja!”

++++

There’s bad ganja?

#24 dogwhistle on 10.02.20 at 4:37 pm

#2 Rick Fast on 10.02.20 at 3:47 pm

“Realtors will beg for bread”

———————————————

Let them eat cake.

#25 dogwhistle on 10.02.20 at 4:37 pm

I’m very concerned about the wellbeing of an old man in New York, that would be Rick Moranis of course!

#26 JSS on 10.02.20 at 4:40 pm

Suncor to eliminate up to 15 per cent of staff; 2,000 jobs.

Brutal

https://calgaryherald.com/business/local-business/suncor-to-eliminate-up-to-15-per-cent-of-staff

#27 mitzerboyakaQueencitykidd on 10.02.20 at 4:50 pm

I don’t know but I’ve Been Told if you keep drinking Clorox bleach you’ll never get old

It’s Friday I’m in Love
Thanks for all your wisdom words Garth
have a good weekend all you doggies

#28 Dolce Vita on 10.02.20 at 4:53 pm

“We know…as the pandemic fades.”

It’s when Garth, when.

Nobody really knows how long it took since 1918 for the Roaring 20’s to start. Was it Jazz, Babe Ruth, Art Deco, Gertrude Stein or the Flappers or all of them and more?

Or was it the opening of King Tutankhamun’s tomb in 1922?

1922 looks to me as good a year as any.

That makes it 4 years to “fades”. The sooner, the better.

Like everyone else, I’m pig sick of the damn virus.

#29 I believe everything on television on 10.02.20 at 4:55 pm

Boris has operation Moonshot
Putin has operation Sputnik
Trump has operation Warp Speed.

For those walking down their street, in a mask, alone.. this is science fiction

#30 Lee on 10.02.20 at 4:56 pm

I don’t understand how continual stimulus doesn’t eventually end bad. Does it not mean we are completely unproductive as an economy if we are reliant on stimulus, and therefore, producing nothing, certainly not growing as an economy. I imagine innovation gets killed too if people just get money for nothing, or regardless of whether they produce. Seems a bad way for an economy to be for too long.

#31 NSNG on 10.02.20 at 4:57 pm

The long term has been betrayed by those who are trying to win the next vote. Those chickens are now coming home to roost.

Keynesian economic policy has failed.

#32 The Woosh on 10.02.20 at 5:00 pm

#23 crowdedelevatorfartz on 10.02.20 at 4:34 pm
@#12 The Woosh
“…….is smoking the good ganja!”

++++

There’s bad ganja?

——————————————

Lol…just ask the aficionados! Like a good bottle of wine.

#33 Sail Away on 10.02.20 at 5:01 pm

Obese, huh?

That seems a bit gratuitous. Flatulent, too?

“According to White House physician Sean Conley, Trump weighs 244 pounds. At 6 feet, three inches tall that puts him over the threshold for obesity set by the U.S. National Heart, Lung and Blood Institute.” – Garth

#34 The Woosh on 10.02.20 at 5:05 pm

#24 dogwhistle on 10.02.20 at 4:37 pm
#2 Rick Fast on 10.02.20 at 3:47 pm

“Realtors will beg for bread”

———————————————

Let them eat cake.

———————————————

That would be: Let them eat “brioche”.

#35 Onleeme on 10.02.20 at 5:06 pm

Trump will get the sympathy vote☹️

#36 theoryAndPractice on 10.02.20 at 5:07 pm

I believe everything on newspapers, internet and TV.
if you feel the same, this is for you, enjoy :

https://www.youtube.com/watch?v=PCZuYK3Rjig

#37 Tulips on 10.02.20 at 5:07 pm

#20 Steve on 10.02.20 at 4:32 pm
“Houses cost money. They do not produce it.”

Try telling that to a realtor.

—————————————————-

Houses don’t produce money, but they do provide growing wealth. Wealth that can be traded for tax free money down the road. Time to acknowledge that housing in Canada is a sacred protected market that will never be allowed to decline regardless of the costs.

And we all get a pony. Such solid advice. – Garth

#38 Suck It Up Princess on 10.02.20 at 5:10 pm

Live Cheap Live Free Live Within Your Means. Know the Difference Between Wants & Needs.

#39 Crispy Chicken Sandwich With Jalapeno Aioli on 10.02.20 at 5:11 pm

“Low rates not only clobber those who opt for brain-dead GICs or sucky HISAs, they also hurt pension plans – big time.”

They also hurt balanced and diversified portfolios. Perhaps 60/40 has run it’s course and now 70/30 or even 80/20 makes sense. Hard to accept 40% of a portfolio generating pitiful returns.

Then you do not understand. The fixed-income portion of the portfolio advocated here is currently paying 3.70%, most of it tax-advantaged. Not so bad. – Garth

#40 Dolce Vita on 10.02.20 at 5:13 pm

Anyway, Biden 4h ago said he and spouse tested negative, a good thing. Pause when you recall this image and knowing aerosols can travel up to 7-8 m with vigorous talking:

https://i.imgur.com/kNDNrC6.png

Trump ought to be fine, COVID-19 mortality rate at age 75, as of today, is 4.2% (Oz agglomerating study of World Wide COVID-19 mortality rates by age group).

No secret I like to lambaste the Americans but I admire for when threatened, they pull together just like that.

The BEST of America on Twitter today (to me) was this by Rachel Maddow, avowed Lefty, stirrer of insurrection and conspiracy theorist par extraordinaire:

“God bless the president and the first lady. If you pray, please pray for their speedy and complete recovery — and for everyone infected, everywhere.

This virus is horrific and merciless — no one would wish its wrath on anyone.

We must get its spread under control. Enough.”

————————–

Dignity, poise and class will win the day always. Good to see you united America if only for but a moment.

The Free World needs you healthy and safe America…and so does the World Economy.

#41 not 1st on 10.02.20 at 5:19 pm

Garth, the US is on track to post a 30%+ GDP rebound on Oct 29th just mere days before the election. They will execute the V shape recovery on Trumps watch. Jobs will start rising into that now.

On covid, the chances of survival are 95% in Trumps age group. They know how to treat this much better than 6 months ago. Boris Johnson got a huge bump in the polls when he came through it.

So October is Trumps; Covid, SCOTUS pick, GDP resurgence. He just sucked up all the oxygen in every room. This thing is over.

How about putting a cork in that partisan rhetoric for a few days? – Garth

#42 Masks really do save lives on 10.02.20 at 5:20 pm

Trump’s on his way to Walter Reed Hospital. Good thing the market has closed for the day.

#43 Siva Najraha on 10.02.20 at 5:21 pm

DELETED

#44 KLNR on 10.02.20 at 5:21 pm

@#2 Rick Fast on 10.02.20 at 3:47 pm
GTA Real Estate is going DOWN!! 30% correction coming. Condos falling now, will move up the chain. Realtors will beg for bread

dog I hope so.
been waiting 20yrs for this.

#45 Apocalypse2020 on 10.02.20 at 5:21 pm

TRUMP HAS FEVER – A HUGE LATE SYMPTOM.

HE IS BEING RUSHED TO HOSPITAL RIGHT NOW.

This is the beginning of a terrible global downward spiral.

PREPARE

#46 Reximus on 10.02.20 at 5:23 pm

Breaking: Trump is being moved to Walter Reed Hospital right now. And they are planning to treat him with a stage 3 drug Regeneron.

Sounds a lot worse than the sniffles.

#47 not 1st on 10.02.20 at 5:24 pm

Lets go to canada for a minute. On track for a 1.64T debt in one years time. Trudeau has thrown money at every pet cause but nothing to restart the economy. Money for entrepreneurs and small business. Nobody is going to be gung ho to start any business after watching thousands of them struggle and fail during this. I see people left and right trying to get out of their business and go sit in the Okanagan. Way too hard to run any business in the country if you are going to let the govt manage it.

You are literally watching the worst financial slow motion train wreck in Canada history.

#48 David Portnoy on 10.02.20 at 5:24 pm

#39 Crispy Chicken Sandwich With Jalapeno Aioli on 10.02.20 at 5:11 pm

Or, how about 98% equities with a 2% dedicated toward a tail hedge.

#49 Diamond Dog on 10.02.20 at 5:26 pm

#173 DON on 10.02.20 at 12:44 pm

What I privately (I guess not so privately now) wonder is whether Putin put Trump up to downplaying the virus in the U.S. since the start. Consider the economic damage Covid19 has done. U.S. debt to GDP specific to government spending on the virus has added 13%. The bond and direct share equity buying will clock in around 4.7 trillion for the year though, unheard of never mind unprecedented has ballooned federal government debt and assets a further 20%. If/when this latest round of $2.2 trillion in stimulus spending goes through, add another 10% debt to GDP increasing direct covid19 spending to 23% federal debt to GDP. The economy itself is clearly rocked heading into flu season. Who knows where annual GDP will actually be going into next year other than to say the numbers will be ugly meaning the annual debt to GDP deficit could be +25 to 30%.

Point is, if you want to crush a nation, the heart of its strength is its currency. Fiscally, the U.S. has taken a big hit. Was this Putin/Trump’s purpose all along? Is Trump so compromised or easily bought (with Russian money) that he would downplay a pandemic at every turn at the severe expense of the U.S. for his own personal gain? Has he shown us any good reason why he wouldn’t do so?

It forces one to ask the question. Clearly, Trump can be easily bought and is entirely self serving as a president. Trump has the lack of morality, empathy, and the “mindset” to put it politely, to do so. Trump has personal financial motive and an opportunity/connection/enabler in Putin. $300 million in Deutsche bank loans reportedly backed by Russia, a house in Florida bought at the height of the housing boom for what was it, $50 mil and sold to a Russian oligarch 2.5 years later for $ 98 mil in 08′ while the housing crash was in full swing. Money laundering? Payoff retainer? Both?

I can’t be the only one who sees Trump as so compromised, he would, on the instructions of an adversarial foreign power, downplay a pandemic at every turn he could to quietly weaken the states financially. It’s not a difficult connect. Trump’s response toward CV has been a total failure. The effect has been nothing short of economic disaster. Who benefits? Who would want this? (Putin) Who does Trump have unexplained close ties to? (Putin) Is Trump financially compromised? (tax returns say yes). Has Trump shown any moral behavior that suggests he couldn’t be bought to flop against a pandemic? (No. No moral behavior, empathy, none, just NPD)

#50 steve schmelzle on 10.02.20 at 5:27 pm

Finally.

2020 is delivering to donald what he deserves.

#51 Sail Away on 10.02.20 at 5:27 pm

#33 Sail Away on 10.02.20 at 5:01 pm

Obese, huh?

That seems a bit gratuitous. Flatulent, too?

“According to White House physician Sean Conley, Trump weighs 244 pounds. At 6 feet, three inches tall that puts him over the threshold for obesity set by the U.S. National Heart, Lung and Blood Institute.” – Garth

———-

Oh, gratuitous doesn’t mean untrue. Some say his hands are small and his skin has an orange tint.

#52 The Totally Unbiased, Highly Intelligent, Rational Observer on 10.02.20 at 5:29 pm

“According to White House physician Sean Conley, Trump weighs 244 pounds. At 6 feet, three inches tall that puts him over the threshold for obesity set by the U.S. National Heart, Lung and Blood Institute.” – Garth

Things that might or might not apply to the typical flabby male do not apply at all to American President Donald J. Trump. He is 244 pounds of pure muscle and dynamic energy. His mass and energy can probably be converted back and forth between each other, at will, according to Einstein’s famous scientific equation that says E=MC^2.

Think about that. Or are you one of those science deniers?

#53 KLNR on 10.02.20 at 5:30 pm

#20 Steve on 10.02.20 at 4:32 pm
“Houses cost money. They do not produce it.”

Try telling that to a realtor.
—-

mine have, in spades.
Guess i’m one of the lucky ones.

not a realtor either.

#54 Dolce Vita on 10.02.20 at 5:36 pm

Garth, it’s going to take a long time for recovery. 4 years? Who knows.

Getting bad in Europe with new cases surging. No economic recovery here any time soon (new cases yesterday):

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

Europe CDC cases/100K out today (grim):

https://i.imgur.com/4CN9hAy.png

No speedy recovery over here Garth I expect for years.

PS:

If Canada were Sweden it would have had this many cases yesterday:

2763

If you’re going to be ‘outta the way (next stop the Arctic) I think I’d like my chances in Kanuckistan better than Sverige (where if you’re old enough they’ll deny you oxygen and pump you full of morphine instead [euthanasia]…presto, low ICU usage but 5th highest death rate in Europe).

No siree, I’d like my chances better in Canada…at least they send the Army in when things get bad.

And if Canada were Italia, it would have had this many cases yesterday (a worst since April for Italia):

1588

Well Garth, that goat farming hamlet in Piemonte not far from Torino, Genova, Nice and Mont Blanc not looking so bad after all, huh?

———————-

Garth, we’re all dunging bricks here in Europe even Angela and the Germans, and that’s saying a lot (and of course, Deutschland makes it official for the rest of Europe, again).

#55 Robert B on 10.02.20 at 5:37 pm

Garth
Is that negative interest rate comment after inflation?

#56 theoryAndPractice on 10.02.20 at 5:40 pm

This is for you A, wish you were here!

https://www.youtube.com/watch?v=QodLX-AyIds

#57 Ponzius Pilatus on 10.02.20 at 5:41 pm

#51 Sail Away on 10.02.20 at 5:27 pm
#33 Sail Away on 10.02.20 at 5:01 pm

Obese, huh?

That seems a bit gratuitous. Flatulent, too?

“According to White House physician Sean Conley, Trump weighs 244 pounds. At 6 feet, three inches tall that puts him over the threshold for obesity set by the U.S. National Heart, Lung and Blood Institute.” – Garth

———-
Sailo,
Compared to the average American adult, his is skinny.

#58 yvr_lurker on 10.02.20 at 5:45 pm

As much as I loathe the likes of Trump (and much of his family), I don’t wish that he succumbs to this despite all the best medical care money can buy. I hope he has a rough go of it but comes through with a new level of understanding and is no longer a rank and file member of the “its just a flu” crowd. What about all those 20K amazon workers who got Covid? How many of them received top notch medical care? How many deaths from this group? Nobody cares much about this cohort except their own families and friends.

#59 Petulant on 10.02.20 at 5:47 pm

I can see Hayek, Quigley and Friedman sitting in a booth up in heaven’s classiest lounge laughing hysterically at the western world. (Quigley is probably crying in private, though)

Keynes is, hopefully, burning in the worst dungeon satan has to offer.

Collectively, we are the Greater Fools. We’ve been duped and everything (especially that stock market) is fake.

Never forget western world, as Hayek put in his thesis so aptly (The Road to serfdom) “Wealth is the not the same thing as money.”

Wishing everyone a safe and happy weekend. Winter is almost here.

#60 Greg Teason on 10.02.20 at 5:47 pm

Canada’s has the highest unemployment rate in the G7. This is fact, Canada’s Liberals a economic basket case.

#61 paulo on 10.02.20 at 5:49 pm

CNN is reporting that president trump is transferring from white house via marine one to Walter Reed medical facility…..

#62 Frank Saunders on 10.02.20 at 5:49 pm

Ian Lee says interest rates are going up because Trudeau, Freeland Canada Liberals are going to inflate, devalue all our money to get out of all this debt(good money after bad).

#63 conan on 10.02.20 at 5:50 pm

They have moved Trump to Walter Reid Hospital.
They are saying abundance of caution , but I think his doctor realizes that Trump is going to get very ill.
We could see Pence in charge.

#64 tkid on 10.02.20 at 5:52 pm

I hope Trump recovers.

#65 Stone on 10.02.20 at 5:52 pm

#52 The Totally Unbiased, Highly Intelligent, Rational Observer on 10.02.20 at 5:29 pm
“According to White House physician Sean Conley, Trump weighs 244 pounds. At 6 feet, three inches tall that puts him over the threshold for obesity set by the U.S. National Heart, Lung and Blood Institute.” – Garth

Things that might or might not apply to the typical flabby male do not apply at all to American President Donald J. Trump. He is 244 pounds of pure muscle and dynamic energy. His mass and energy can probably be converted back and forth between each other, at will, according to Einstein’s famous scientific equation that says E=MC^2.

Think about that. Or are you one of those science deniers?

———

Nah. Just personal observation. When the old geezerd can’t raise a glass of water to his mouth, one has to wonder about his health.

And please don’t tell me it was the arms day of his weight lifting routine. We all know the most he does for a workout is to lift a slurpy while he inhales a greasy burger.

#66 Long-Time Lurker on 10.02.20 at 5:52 pm

Today, I got a notification from a certain Canadian investigative journalism show about an e-mail I sent them warning them about the pension situation: Message received. Date of e-mail sent: 2017.

#67 Long-Time Lurker on 10.02.20 at 5:54 pm

>Trump’s treatment:

Trump has been administered Regeneron as a “precautionary measure”

President Trump has been administered a dose of Regeneron, according to a memorandum from the President’s physician.

“As of this afternoon the President remains fatigued but in good spirits. He’s being evaluated by a team of experts, and together we’ll be making recommendations to the President and First Lady in regards to next best steps,” the physician writes.

The memo also says first lady Melania Trump remains well with only a mild cough and headache, and the remainder of the First Family are well and tested negative for SARS-CoV-2 today.

Here’s what the memo said:

“I release the following information with the Permission of President Donald J. Trump.
Following PCR-confirmation of the President’s diagnosis, as a precautionary measure he received a single 8 gram dose of Regeneron’s polyclonal antibody cocktail. He completed the infusion without incident. In addition to the polyclonal antibodies, the President has been taking zinc, vitamin D, famotidine, melatonin and a daily aspirin.

As of this afternoon the President remains fatigued but in good spirits. He’s being evaluated by a team of experts, and together we’ll be making recommendations to the President and First Lady in regards to next best steps.

First Lady Melania Trump remains well with only a mild cough and headache, and the remainder of the First Family are well and tested negative for SARS-CoV-2 today.”

https://www.cnn.com/politics/live-news/trump-coronavirus-positive/h_16a6e0e1d4f9ecf23f0d0345959053cc

#68 Timmy on 10.02.20 at 5:54 pm

Finally, Trump tweets something positive!

#69 Piano_Man87 on 10.02.20 at 5:59 pm

I heard he was injected with an “experimental antibody cocktail.”

Do you think it was bleach?

#70 Danny Frankis on 10.02.20 at 6:07 pm

Too bad it will not a difference about Trump. He is a shoe in.

#71 Yacine Brahimi on 10.02.20 at 6:07 pm

Buy XMR. Seriously. Just collect cryptocurrency. Just 1% of your income, that’s going to make sure you’re not going to starve when the deleveraging happens

#72 Millennial 1%er on 10.02.20 at 6:07 pm

whoops, doxx’d myself again. You know what to do, moderator

#73 Reality is stark on 10.02.20 at 6:10 pm

Remember this when being goaded into purchasing a house. The difference between free sex and paid sex is that free sex costs more.
Buying a house may appear wonderful because all your friends are doing it. But 10 years from now you’ll regret it.
You can get a better house 10 years from now and get a new model at a cheaper price.

#74 Chad Kroeger on 10.02.20 at 6:11 pm

He should take his advice and inject bleach. COVID should teach him a lesson.

#75 Dolce Vita on 10.02.20 at 6:12 pm

For the curious on all things American, Trump’s physician on his treatment so far (a lot of meds) 1 h ago:

https://pbs.twimg.com/media/EjWY2xtWoAAFboD?format=png&name=900×900

Who knows if it is true?

This though is, his physician has ordered Trump to go to Walter Reed Hospital “abundance of caution” (Trump running a fever and feeling weak) 1 min ago:

https://twitter.com/CNNPolitics/status/1312140117058809857

If you like Presidential helicopters whisking Trump to hospital go here on Twitter (Live):

https://twitter.com/i/events/1311831665379954688

Americans handling it well. Biden tweet:

https://twitter.com/JoeBiden/status/1312010736604979201

America never ceases to amaze. In times of trouble, they pull together…just like that. They have my respect that’s for sure.

#76 Shirl Clarts on 10.02.20 at 6:19 pm

White House press secretary Kayleigh McEnany said:“the president remains in good spirits, has mild symptoms, and has been working throughout the day.”

But the true test – can he play a full round of golf.

#77 Penny Henny on 10.02.20 at 6:24 pm

The funniest headline I saw today
“Former Reality TV Host tests positive for Covid”
with Trump’s photo of course.

#78 Sail Away on 10.02.20 at 6:26 pm

#52 The Totally Unbiased, Highly Intelligent, Rational Observer on 10.02.20 at 5:29 pm

Things that might or might not apply to the typical flabby male do not apply at all to American President Donald J. Trump. He is 244 pounds of pure muscle and dynamic energy. His mass and energy can probably be converted back and forth between each other, at will, according to Einstein’s famous scientific equation that says E=MC^2.

————–

Yes! When descending a ramp, Donald Trump’s internal powerplant detects the preparatory crouch and his massively powerful legs trigger to launch him over the highest building. The only defense is a crushing grip on the railing and small steps in order to appear as a regular, insignificant human.

#79 Herman Cain on 10.02.20 at 6:27 pm

Don’t worry POTUS, you are going to be fine.

Nobody ever gets sick attending a TRUMP rally, right?

And besides, most people in New Jersey would rather be somewhere else anyway.

#80 Casey on 10.02.20 at 6:29 pm

Think they took him to the hospital.

#81 Ustabe on 10.02.20 at 6:30 pm

Despite any personal or political differences, we should all endeavour to show the Trump family the same sympathy and respect he showed the McCain family.

#82 David Pylyp on 10.02.20 at 6:32 pm

“stop trying to cheer me up”

David Pylyp
Toronto

#83 Saved Like Crazy on 10.02.20 at 6:38 pm

Good thing I have a several GIC brokers and credit union GIC’s, term deposits with 3%+ millions in brain dead GIC’s.

#84 Paul on 10.02.20 at 6:41 pm

#8 R on 10.02.20 at 4:05 pm
I do not believe Trump actually has Covid . This is likely a tactic to avoid further debates and squeeze out some sympathy votes. This also diverts some attention from his taxes. This announcement is suspicious
————————————————————————————————
Lol, Squeeze out some sympathy votes? There are people wishing they die. Oh the humanity!

#85 baloney Sandwitch on 10.02.20 at 6:41 pm

Trump deserves what he got. Remember he is guy who tears refugee kids from their parents and puts them in cages. Some of them were never reunited. Not wasting any sympathy on him. Garth is 100% correct, the only asset worth buying is what produces cash flow and the only good debt is what is tax deductible. Sell everything else except the essentials.

#86 WTF on 10.02.20 at 6:42 pm

While enduring the “debate” the other evening the physical contrast between The Mango Man and Sleepy Joe was striking. One is fit and trim, the other one is now in the hands of Darwin. While i don’t wish President Foghorn Leghorn any harm there is a certain irony……..

#87 Reximus on 10.02.20 at 6:43 pm

I heard he was injected with an “experimental antibody cocktail.”

Im ready for an experimental cocktail too

#88 Paul on 10.02.20 at 6:48 pm

#10 Manuel Scarola on 10.02.20 at 4:09 pm
Ontario seems to be slowly locking down we’ll see.
————————————————————————————————
It’s starting to show people stocking up full shopping carts and no toilet paper at Costco.

#89 Nonplused on 10.02.20 at 6:49 pm

Well, one thing Twitter did not do last night is restore my faith in humanity. Most of the comments were well-wishes for the Trumps to recover but about 30% of them were truly unhinged vile death wishes and wacky conspiracy theories.

So Trump got the covid. So what? Anyone can. When Trudeau was isolating I don’t remember anyone wishing him ill will. Even though I don’t like him, I would never wish him physical harm. I’d just like to see him voted out.

Anyway it does kind of highlight the folly of electing presidents who are in their 70’s.

My favorite conspiracy theory is that Trump is faking covid so he doesn’t have to do anymore debates. I can’t see that working because, all the interruptions aside, Trump practically annihilated Biden in the first one. And if they go to a mic-on/mic-off rule format for the second debate that will favor Trump more than Biden. I don’t know why they don’t use Robert’s rules for these debates.

If the last 4 years have proven anything, it is that people will say near anything without any evidence or shame. You can tell when this is happening when the adjectives, adverbs and allegories come out. The words “racist” and “white supremist” come to mind. How do you know when someone is “racist”? It is a judgement call but without confirmation from the described person it is merely your opinion.

So the way it works is that if you are testifying for an accident and you say the car was “black”, you’ll probably get away with it. But if you say it was “speeding” or “going fast” you’ll lose 2 hours of your life defending how you are qualified to make such judgements.

And no, Garth, this wasn’t meant as a support for Trump, but I don’t like Biden either. Two crooks in a pot, if you ask me. I am more trying to use these examples to shine a light on how bad our brains work. As soon as there is an adjective or adverb, there is prejudice.

#90 KLNR on 10.02.20 at 6:51 pm

@#77 Penny Henny on 10.02.20 at 6:24 pm
The funniest headline I saw today
“Former Reality TV Host tests positive for Covid”
with Trump’s photo of course.

hahahaaa

#91 Reximus on 10.02.20 at 6:52 pm

i would of course like to express my best wishes to trump, but my prayers are under audit

#92 Carrey Cella on 10.02.20 at 6:57 pm

The stock markets worldwide are toast. The Dow Jones will be 18,000, S&P 500 will be 2,200 and Nasdaq will be 6,500 in the next 6 to 12 months. The TSX here in Canada is easily falling to 9,000.

Also, all high dividend bank payers will see a big cut to 2.5% to 2.75% max dividend rate. A for interest rates, they did not plunge the last 20 years from 4% to 6% down to -.50% to 1.5%, they were crashed by the biggest thieves in the world called central banks, communists.

Our central bank puppet’s name is Tiff sounds like a slang world down from the Caribbean.

Trump is a sideshow. Markets will be fine. – Garth

#93 Shirl Clarts on 10.02.20 at 6:57 pm

I have no doubt Trump will pull through, but it will be interesting to see how fast. He will downplay any lingering effects from the virus.

Now instead of a mask, he’ll be carrying around a bag of cough drops.

It looks like all Trump rallies for the remainder of the election are cancelled, right? Probably the debates, too!!

Where is the fun in any of this??

Well, I must say, Hope Hicks looks amazing as she walks the tarmac from Marine One to Air Force One. Virus or not, she looks like she’s having the time of her life!

#94 Nonplused on 10.02.20 at 6:58 pm

#8 R on 10.02.20 at 4:05 pm
I do not believe Trump actually has Covid . This is likely a tactic to avoid further debates and squeeze out some sympathy votes. This also diverts some attention from his taxes. This announcement is suspicious.

——————————-

See, this is what I mean. Trump the master mind wants to avoid debates, get sympathy votes, and divert attention from the fact that the NYT did not apply the alternative minimum tax to their calculations.

On the other hand, he could have just tested positive for covid.

Remember Occam’s razor, anyone? “Of two explanations that account for all the facts, the simpler one is more likely to be correct.”

#95 justdeleteitifyoudontlikeit on 10.02.20 at 7:03 pm

“At 6 feet, three inches tall…”

Obama is listed as 6’1″, Trudeau at 6’2″, and finding many pictures of Trump standing next to either of those two is an easy google. Satisfy yourself — the man lies about everything.

#96 Nonplused on 10.02.20 at 7:04 pm

#19 Ponzius Pilatus on 10.02.20 at 4:27 pm
#11 duffy on 10.02.20 at 4:10 pm
Mr. D Trump should smile more.
Ms. M Trump has very nice eyes.
———————
The Lady looks uptight.
Hope Hicks is a stunner.
Gotta wonder what’s going on behind closed doors.

—————————–

OMG. Clinton does an intern and now all presidents are didling the help? Well they probably are but short of evidence advancing these kind of allegations serves no useful purpose.

#97 akashic record on 10.02.20 at 7:04 pm

Wishing them speedy, full recovery.

#98 Sail Away on 10.02.20 at 7:09 pm

Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.

#99 Nonplused on 10.02.20 at 7:12 pm

#33 Sail Away on 10.02.20 at 5:01 pm
Obese, huh?

That seems a bit gratuitous. Flatulent, too?

“According to White House physician Sean Conley, Trump weighs 244 pounds. At 6 feet, three inches tall that puts him over the threshold for obesity set by the U.S. National Heart, Lung and Blood Institute.” – Garth

———————————–

I’m 5′ 11″ and 210 lbs, and that makes me obese. I could lose up to 20 lbs before I would be considered in range. But it’s hard. I have at least arrested the gain.

#100 Do we have all the facts on 10.02.20 at 7:12 pm

If house prices begin to lose value over the next few years tens of thousands of houses owned by citizens at, or nearing, retirement age could enter the market and accelerate further price reductions.

The fear that equity in their house, and a major source of retirement funds, could be reduced if they wait too long to sell will increase as average house prices begin to decrease.

Short of offering grants to home buyers the ability of our Federal government to stimulate price increases has reached its limits. Once those at, or nearing, retirement begin to sell expensive homes the supply will definitely exceed demand and average prices will fall.

The fear of losing a portion of their retirement equity is a fear that will be very difficult to curtail once it takes hold.

The only question is when the inevitable need to protect retirement equity will begin.

#101 Ace Goodheart on 10.02.20 at 7:14 pm

Looks like hard lock downs are coming back to Toronto:

https://www.blogto.com/city/2020/10/toronto-top-doctor-only-leave-essential-trips/

And now, the new adventures of our modern day super heroes, we have social distancing Suzy, lock down Lucy, mandatory masking Mavis, and the ever popular sanitizing Stan!

Coming soon to a closed theatre near you.

Which doesn’t matter, because, hey, as COVID super heroes, their lives are kinda boring. They just stay home and stay safe.

Being a hero has never been so easy.

#102 Sara on 10.02.20 at 7:16 pm

“#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.”
=============================
You should know, seeing as how your comments here got you SUSPENDED.

#103 DON on 10.02.20 at 7:23 pm

@Diamond Dog

I think any scenario is plausible when Trump is invovled. His character is a wild card factor. I would like to believe he wouldn’t commit some act of treason against the US. No doubt Trump is opportunistic.

More drama to come…but it is entertaining in a twisted way.

#104 Yukon Elvis on 10.02.20 at 7:25 pm

#63 conan on 10.02.20 at 5:50 pm
They have moved Trump to Walter Reid Hospital.
They are saying abundance of caution , but I think his doctor realizes that Trump is going to get very ill.
We could see Pence in charge.
…………………..

That is what they would like you to believe. We suspect that was a body double. An EMT team was seen going out the back door while doing CPR on someone who was intubated on a stretcher. A short while later a long black car pulled up and Hillary was driving. I overheard someone say she was sharpening scissors. All this on CNN before they cut the feed. Stay tuned……..

#105 Nonplused on 10.02.20 at 7:27 pm

#69 Piano_Man87 on 10.02.20 at 5:59 pm
I heard he was injected with an “experimental antibody cocktail.”

Do you think it was bleach?

——————————–

Cheese and crackers, go back through the videos he never used the word “bleach”. That was a democrat lie. He said disinfectants, which by the broad definition of the word could have meant hydroxychloroquine. It was a tragic choice of word, but it was just that, one word. Normally one would say “antivirus” but hey. You never screwed up one word before?

What compels you to constantly defend Trump? Just curious. – Garth

#106 Nonplused on 10.02.20 at 7:29 pm

#74 Chad Kroeger on 10.02.20 at 6:11 pm
He should take his advice and inject bleach.

——————————–

For Dog’s sake folks he never said that. The word he used was “disinfectants” and we are not sure what he meant by that. He is no biologist.

#107 akashic record on 10.02.20 at 7:30 pm

#98 Sail Away on 10.02.20 at 7:09 pm

Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.

Amen.

#108 Call me Ishmael on 10.02.20 at 7:30 pm

This is off topic but here goes anyway. I’m 80 and retired 17 years. I have no pension, savings amounting to mid five figures. And I’m happy. When I was a pup I said no to my third offer of a management position. Tried it twice – hated it. Wanted to stick with my trade (computer stuff). Figured there had to be another way. Took night courses in the building trades. Built a modest house. No mortgage. Sold it and bought a lovely old character house down town. Small mortgage. Back to the bones reno. Sold it for a nice profit. All this took 30 years. Evenings, weekends and vacations. Hard work, but fun and rewarding. Took the proceeds and built a modest retirement home. And bought a lovely old sail boat. No mortgage, no debt. I do all my own Maintenance. I have the skills and the tools. I have CPP, OAS and GIS. I take a bit out of savings each year, and they grow back (your balance formula). So, situation steady. I’ve been sailing my brains out for 17 years. Have I done anything wrong?

#109 Reximus on 10.02.20 at 7:31 pm

Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.
——

but always vote trump!

#110 Thanks on 10.02.20 at 7:34 pm

Long time reader – occasional poster.

By far the most valuable lesson I’ve learned from this blog is ‘ignore the noise – stay invested’.

Thank you for all you do Garth.

#111 Nonplused on 10.02.20 at 7:36 pm

#85 baloney Sandwitch on 10.02.20 at 6:41 pm
Trump deserves what he got. Remember he is guy who tears refugee kids from their parents and puts them in cages. Some of them were never reunited. Not wasting any sympathy on him.

———————————

Man the comments section is rife with falsehoods today. Obama built those facilities. Part of the reason Trump wants the wall is so that people stop using kids as a ticket in. It’s almost as bad as AOC’s claim detained illegals had to “drink from the toilet” because the sink was above the toilet. And Obama installed those toilets.

I’m coming off today as a huge Trump supporter but that is not my intent. I don’t like Trump. But you can’t just repeat everything you read on Reddit, or you look like a damn fool.

This has

#112 John in Mtl on 10.02.20 at 7:37 pm

#40 Dolce Vita on 10.02.20 at 5:13 pm
No secret I like to lambaste the Americans but I admire for when threatened, they pull together just like that.

Yep, you can always count on Americans to do the right thing, after they’ve exhausted all the other possibilities!

#113 Reximus on 10.02.20 at 7:44 pm

prediction: trump is bailing out because he knows it’s over; cant stand losing so much (especially to Biden) he will pretend he’s so unwell that he cant run.

#114 Sail Away on 10.02.20 at 7:46 pm

#102 Sara on 10.02.20 at 7:16 pm
“#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.”

—————–

You should know, seeing as how your comments here got you SUSPENDED.

—————–

Haha. You’re, like, the virtual epitome of a nagging wife.

#115 Truth Fiend on 10.02.20 at 7:48 pm

Canadian house prices will SKYROCKET on this news

The Canadian gov’t will do whatever is necessary to ensure house prices rise.

#116 jal on 10.02.20 at 7:49 pm

Lots of people praying for Trump.
Hillary has been praying for almost 4 yrs.

#117 crowdedelevatorfartz on 10.02.20 at 7:53 pm

@#99
Nonplused
“I’m 5′ 11″ and 210 lbs, and that makes me obese.”

+++
Not if its all muscle
Weight means nothing.
Body mass ; fat vs muscle.
I’m 5′ 9′ 175lbs
All the fat is between my ears.
Who needs a gym membership.
Cut off my head.
I’d be in perfect shape and sara would be happy.

#118 Nonplused on 10.02.20 at 7:53 pm

“What compels you to constantly defend Trump? Just curious. – Garth”

It is not meant as a defense of Trump, he can live and die by his own words. I am a student of Carl Sagan, not an actual student but read his books, of particular importance to me was “The Demon Haunted World” subtitled “Science as a Candle in the Darkness”. Read the “Bullshit Detection Kit” chapter. Obviously there is a lot more than I can go into here, my comments are already too “verbose”, but let’s just say unproven conjectures really piss me off. I don’t want to see society back to burning witches and socialist marching dissenters off to the gulags.

I should probably for fairness sake also debunk the false things that are said about Biden, because there has been some of that too. Trump not excepted from saying them. He has. For example it is not proven that Biden’s threat to withhold aid to Ukraine was a direct consequence of Hunter’s business activities there, but Trump is running with it as fact. So he can make things up too.

If I can encourage anyone to do anything, read the Carl Sagan book I mentioned above. It will rewire your mind. There have been other good books over the years like “The Wealth of Nations” and “Extraordinary Delusions and the Madness of Crowds”, but those are too thick to use to balance a table. But Carl’s book mentioned above might be the best thing a layman can understand since the New Testament. Not better of course, Carl can’t compete with Dog, but literally life changing.

#119 Spectacle on 10.02.20 at 7:53 pm

#66 Long-Time Lurker on 10.02.20 at 5:52 pm
Today, I got a notification from a certain Canadian investigative journalism show about an e-mail I sent them warning them about the pension situation: Message received. Date of e-mail sent: 2017.

————– please do share ——–

I wonder if canada will receive similar fateful events as the US , whereby retirement funds are raided?

Wasn’t that the case of Eatons department store? I heard some interesting stories over insider dinners about that fateful Canadian fiasco.

Perhaps others to follow! Im not planning on anything outside of myself on evential full retirement. I am trying out various sanity saving strategies during covid : retirement is busy business.
Ps: a speedy recovery for Trump is important. My sympathies to Melania… ( said in a wisper; call me).

#120 Stone on 10.02.20 at 7:53 pm

#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.

———

Yes. They are.

Now go look in the mirror and repeat what you just wrote.

#121 crowdedelevatorfartz on 10.02.20 at 7:54 pm

@#113 Sail Away
“Haha. You’re, like, the virtual epitome of a nagging wife.”

++++

Mrs Sara Away?

#122 Spectacle on 10.02.20 at 7:59 pm

112 Reximus on 10.02.20 at 7:44 pm
prediction: trump is bailing out because he knows it’s over; cant stand losing so much (especially to Biden) he will pretend he’s so unwell that he cant run.

_________________________o_____________________

Gosh, stop that.

I can’t begin to convey the damage done to North America ( …and that includes Canada) , should he receive an early “Dispatch” .

#123 Stone on 10.02.20 at 8:00 pm

#113 Sail Away on 10.02.20 at 7:46 pm
#102 Sara on 10.02.20 at 7:16 pm
“#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.”

—————–

You should know, seeing as how your comments here got you SUSPENDED.

—————–

Haha. You’re, like, the virtual epitome of a nagging wife.

———

Speaking from experience? Go back to my last comment to you about looking in the mirror.

#124 Ponzius Pilatus on 10.02.20 at 8:04 pm

#89 nonplussed

The words “racist” and “white supremist” come to mind. How do you know when someone is “racist”? It is a judgement call but without confirmation from the described person it is merely your opinion.
——————-
So we can’t call Hitler a racist, because he never confirmed it.

#125 Sail Away on 10.02.20 at 8:04 pm

#108 Call me Ishmael on 10.02.20 at 7:30 pm

This is off topic but here goes anyway. I’m 80 and retired 17 years. I have no pension, savings amounting to mid five figures. And I’m happy. When I was a pup I said no to my third offer of a management position. Tried it twice – hated it. Wanted to stick with my trade (computer stuff). Figured there had to be another way. Took night courses in the building trades. Built a modest house. No mortgage. Sold it and bought a lovely old character house down town. Small mortgage. Back to the bones reno. Sold it for a nice profit. All this took 30 years. Evenings, weekends and vacations. Hard work, but fun and rewarding. Took the proceeds and built a modest retirement home. And bought a lovely old sail boat. No mortgage, no debt. I do all my own Maintenance. I have the skills and the tools. I have CPP, OAS and GIS. I take a bit out of savings each year, and they grow back (your balance formula). So, situation steady. I’ve been sailing my brains out for 17 years. Have I done anything wrong?

—————

Wrong? Hard to say: do you heave-to or run downwind with warps when caught offshore in 40 knots?

Just kidding. You, my friend, are my newest hero.

#126 Masks really do make some people more attractive on 10.02.20 at 8:09 pm

She almost seemed normal, for a while. O’Toole has his first bozo eruption on his hands.

https://nationalpost.com/opinion/leslyn-lewis-there-is-a-socialist-coup-unfolding-in-canada/wcm/3f782d03-2d90-4aeb-85d0-db05db714f59/amp/?__twitter_impression=true

#127 Drinking on 10.02.20 at 8:13 pm

If anything; I hope all these people that call this virus a hoax gets a wake up call; stay safe!!!

#128 Drill Baby Drill on 10.02.20 at 8:14 pm

If Melania needs a full time nurse hey I’m in !!!

#129 Flop... on 10.02.20 at 8:23 pm

The news of the day is truly horrific.

Crowdie is not 6 feet tall.

Well, Nonplused is not either, but he probably takes a copy of Art of the Deal, by Donald Trump to stand on when he gets his drivers license photo done…

M46BC

#130 Canuck on 10.02.20 at 8:32 pm

Will you just shut up, man? – Garth

Thanks, Mr Biden.

#131 Canuck on 10.02.20 at 8:36 pm

What compels you to constantly defend Trump? Just curious. – Garth

Probably the same thing that compels you to think politicians don’t affect markets… including the most powerful politician in the free world.

#132 PastThePeak on 10.02.20 at 8:42 pm

#81 Ustabe on 10.02.20 at 6:30 pm
Despite any personal or political differences, we should all endeavour to show the Trump family the same sympathy and respect he showed the McCain family.
+++++++++++++++

Finally, something you and I agree on…

#133 Ponzius Pilatus on 10.02.20 at 8:44 pm

#117 nonplussed
You’re a good example why people should use many resources when forming their Weltanschauung.
Sure, Sagan is a genius, but so are many other authors, philosophers, scientists, statesmen etc.

#134 Flop... on 10.02.20 at 8:45 pm

After my life choices, my pension is still being alive.

I am going to ride my wife’s minuscule municipal pension all the way to the corner of Main and Hastings.

In Toronto speak, I believe that is Jane and Finch…

M46BC

#135 Catalyst on 10.02.20 at 8:53 pm

I really don’t care, do you?

#136 WTF on 10.02.20 at 8:57 pm

#95 “At 6 feet, three inches tall…”Obama is listed as 6’1″, Trudeau at 6’2″, and finding many pictures of Trump standing next to either of those two is an easy google. Satisfy yourself — the man lies about everything.”
———————————————————-
Yes, yes he does. Pathologically.

The now bankrupt Building formerly known as Trump Tower Vancouver was touted by them as 69 Storeys. It Is in fact 63. They added the underground levels. Don the Con must have some yuuuge shoe lifts

https://www.cbc.ca/news/canada/british-columbia/trump-tower-vancouver-height-1.4002961

#137 WAKEUP on 10.02.20 at 9:03 pm

“Stimulus” being code for the continued artificial propping up of markets and the continuation of kicking the debt can down the road.
It’s known as a defibrillator in medical terminology.

#138 Doug t on 10.02.20 at 9:05 pm

#108 call me ishmail

Dude your nailing it – hope I can chart a course like yours

#139 Ace Goodheart on 10.02.20 at 9:13 pm

So now that a bunch of high paid civil servants, chief doctors and the like, who make their money entirely off of other people’s taxes, have decided to completely shut down Ontario again, I have to ask:

If no one is working and paying tax anymore, who is paying them?

They can’t just keep printing money and paying it to themselves forever, can they?

Sooner or later someone has to actually do some useful work.

#140 Love_The_Cottage on 10.02.20 at 9:17 pm

hubris – An ancient Greek word meaning pride or arrogance, used particularly to mean the kind of excessive pride or conceit that often brings about someone’s downfall.

#141 the Jaguar on 10.02.20 at 9:27 pm

@#173 DON on 10.02.20 at 12:44 pm
-re: “One thing I have noticed, Trump doesn’t give up that easily even when the truth is right in front of him. Will he breeze through the quarantine? I think he may? Make for a great American story. ”

Exactly. It’s the ‘Great American Horse Race’….

What a ‘gig’ being a Secret Service Agent must be….Apparently Walter Reed Military Hospital has everything a Prez, his family, his Secret Service guys, etc. could want. Bonus that they all get a little vacation away from prying eyes, the White House Press Corps, and the misery of looking out the window at all the various Marxist protesters out front beyond the perimeter wall. Mercy.

Melania can relax and get a pedicure, Trump can order in from McDonalds, and if any of them need other contraband Fishman can smuggle it in via his armored, 1987 Buick Grand National with tinted windows.

Thank goodness Garth chose the New York Post over the corrupt and morally bankrupt New York Times or Washington Post for the blog photo.

#142 KLNR on 10.02.20 at 9:30 pm

@#125 Masks really do make some people more attractive on 10.02.20 at 8:09 pm
She almost seemed normal, for a while. O’Toole has his first bozo eruption on his hands.

https://nationalpost.com/opinion/leslyn-lewis-there-is-a-socialist-coup-unfolding-in-canada/wcm/3f782d03-2d90-4aeb-85d0-db05db714f59/amp/?__twitter_impression=true

i had high hopes for otoole, but he’s in tough with all the nut jobs in his caucus.

#143 George S on 10.02.20 at 9:32 pm

#9 Linda said:
“I still think the rates of contribution for CPP should match the pension contributions being deducted off the salaries of all those much envied public servants. That way what people might get in retirement would possibly be enough to live on & if nothing else, would ensure that people would have set aside something for their future no matter what their actual financial skill set might be.”

The point of this blog is sort of exactly that, except you have to do it yourself. If you made the same contributions as public servants do to your own RRSP account and invest it with a good investment company with decent management fees you may, in fact do better than the return from the public servant pension plan. The grand total of your public service pension plan contributions combined with your CPP contributions is very close to your maximum RRSP contributions, so close, in fact that a person making $60k to $85k per year (start to finish) has only $35k RRSP contribution room after 25 years.
The main benefit of a defined benefit pension plan when you have a large group (hundreds of thousands) is that you only have to have enough invested to provide you with a pension until you reach the average age of death in Canada, about 86 years or thereabouts. It is all actuarily calculated to work out like that.

#144 KLNR on 10.02.20 at 9:38 pm

@#122 Stone on 10.02.20 at 8:00 pm
#113 Sail Away on 10.02.20 at 7:46 pm
#102 Sara on 10.02.20 at 7:16 pm
“#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.”

—————–

You should know, seeing as how your comments here got you SUSPENDED.

—————–

Haha. You’re, like, the virtual epitome of a nagging wife.

———

Speaking from experience? Go back to my last comment to you about looking in the mirror.

——

look in the mirror?
bet sail absolutely loves looking in the mirror.

#145 crowdedelevatorfartz on 10.02.20 at 9:38 pm

@#128 Floppie
“The news of the day is truly horrific.
Crowdie is not 6 feet tall.”

++++
Sorry to disappoint my Auzzie amigo. :)

But pugnacious can come in small packages…..just ask Chrystia Freeland.

#146 Zank Frappa on 10.02.20 at 10:11 pm

This Trump thing just more theater for the dummified masses, all scripted.

Locking down Toronto because they haven’t trained the A.I. well enough yet to read peoples eyes thru masked up faces. Places that aint locked down (but masked up) have completed their A.I. training. Look it up. All true.

#147 UncleRico on 10.02.20 at 10:37 pm

3rd paragraph “mask flaunting”. I think the word you are looking for is “flouting”, not flaunting. Keep up the good work.

#148 I Now Know Where My Money Went Greedeau! To Shady RE!!!! on 10.02.20 at 10:45 pm

Re: #146 Ace Goodheart on 10.02.20 at 9:19 am
So I did another little undercover real estate purchase investigation.
+++++++++++++++++++++
Well there’s the proof to my question that the RE Industry is a scam and crooked……IMO
Time for some major changes!!!!
Aren’t there laws about agents? I thought there was.

#149 Sail Away on 10.02.20 at 10:58 pm

#143 KLNR on 10.02.20 at 9:38 pm
@#122 Stone on 10.02.20 at 8:00 pm
#113 Sail Away on 10.02.20 at 7:46 pm
#102 Sara on 10.02.20 at 7:16 pm
“#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.”

———–

You should know, seeing as how your comments here got you SUSPENDED.

————

Haha. You’re, like, the virtual epitome of a nagging wife.

————

Speaking from experience? Go back to my last comment to you about looking in the mirror.

————

look in the mirror?
bet sail absolutely loves looking in the mirror.

————

Yes, you bet, I do enjoy mirrors.

However, if anybody can find, in my multitudes of comments over the years, any that ridicule a person for something beyond their control, OR wish ill on anybody, I am happy to compensate that person from my vast and ever-growing fortune.

#150 Sara on 10.02.20 at 10:58 pm

#113 Sail Away on 10.02.20 at 7:46 pm
#102 Sara on 10.02.20 at 7:16 pm
“#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.”

—————–

You should know, seeing as how your comments here got you SUSPENDED.

—————–

Haha. You’re, like, the virtual epitome of a nagging wife

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

Beats being a sociopath. How long will it be this time until you write something that even our patient host can’t tolerate?

#151 Ponzius Pilatus on 10.02.20 at 11:12 pm

I hope that Trump gets well.
And I hope he stops spreading misinformation about the virus.
https://www.syracuse.com/coronavirus/2020/10/cornell-study-president-trump-is-biggest-source-of-coronavirus-misinformation.html

#152 belly rubs on 10.02.20 at 11:14 pm

#147 YouKnowWho on 10.02.20 at 9:22 am

I told the young ones, you want something someone else doesn’t have? MAKE IT with your hands!

I hear that (woodshop out back). And yes, good to have a scope in the city—for neighbourly safety inspections. I’ve lived downtown, worked downtown, commuted, and finally went back to my rural roots. Yes, breathtaking views in our back 40, heartwarming moments, but also tears… the cost of being immersed in the cycle of life at ground level, I guess. Animals and the forest have so many virtues and such a practical sense, it gets harder to give humans much mind. There are rhythms in nature I have to abide. Though I do miss the tranquility of the city. Downtown used to have a nice soothing hum. Sirens I can get used to… the owl screech when walking an irrigation line at night is unnerving. And the anonymity was nice in the city. Here, they all know me, so more expectations, responsibilities, fewer places to hide. Bits of serenity are brief, but life is definitely in your face and around every tree.

#153 Sara on 10.02.20 at 11:16 pm

#120 crowdedelevatorfartz on 10.02.20 at 7:54 pm
@#113 Sail Away
“Haha. You’re, like, the virtual epitome of a nagging wife.”

++++

Mrs Sara Away?

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

Fartzy don’t get too butt hurt, but I’ve got to be honest with you: you’ve got nothing on Sail Away.

Don’t get me wrong, I know you try hard, but you’re just not cut from the same cloth as he is. You’ll never be that kind of special.

Try not to despair too much though – you’ve got the common variety jerk persona down pretty good I’d say.

#154 kommykim on 10.02.20 at 11:19 pm

Here’s a collection of comments from a CBC news article about Trump catching COVID19. They passed the moderator there so here goes:

Was it the lack of taste that gave it away?
Just remember that even Trump is somebody’s child. My thoughts are with Satan at this time.
Another funeral he won’t be asked to speak at?
Thought the week was full of bad news, a good news story for once!
The first time in 4 years, Trump’s name is associated with the word positive.
The FLOTUS hopes her only symptom is a loss of sense of smell until after they separate.
Obama quote of the day, “Hope is infectious”
Reports have it ….paramedics were called in because the extension cord connected to the blue light was caught on his sphincter….
Here’s hoping he stays positive! Attitude! I meant attitude! Lol
Once again Science trumps, Trump.
I think that’s the first positive thing I’ve heard about trump.
At least the results of Trump’s intelligence test came back negative.
If he’s not on Twitter tomorrow, this will be very positive.
Hours of treatment and the doctors still can’t find his heart. Could be bad.
If Trump has “has been working throughout the day” then this virus has more unexpected side effects than anyone guessed.
I think Mike Pence needs to go give a big, long hug before Trump heads to the hospital.
Skip the respirator…use a pillow!
Maybe they should give him fake treatment for his fake disease.
So Melania and Donald are isolated from each other, in other words, marriage as usual.
Let me tell you something, I have a great relationship with the coronavirus. Maybe better than any president in history. Lots of my friends have coronavirus.
Winners don’t get sick. I like winners.
Mike Pence’s negative test proves that COVID 19 cannot be transferred from bottom licking.
Trump must be looking around his hospital room right about now and wondering why all the walls are padded.
“I got infected because I was tested.” – Donald Trump

#155 VicPaul on 10.02.20 at 11:28 pm

#78 Sail Away on 10.02.20 at 6:26 pm
#52 The Totally Unbiased, Highly Intelligent, Rational Observer on 10.02.20 at 5:29 pm

Things that might or might not apply to the typical flabby male do not apply at all to American President Donald J. Trump. He is 244 pounds of pure muscle and dynamic energy. His mass and energy can probably be converted back and forth between each other, at will, according to Einstein’s famous scientific equation that says E=MC^2.

————–

Yes! When descending a ramp, Donald Trump’s internal powerplant detects the preparatory crouch and his massively powerful legs trigger to launch him over the highest building. The only defense is a crushing grip on the railing and small steps in order to appear as a regular, insignificant human.

*********

Is this new strain you guys are on available on the open market, or is this Gov/test stuff?

M56BC

#156 VicPaul on 10.02.20 at 11:37 pm

#117 Nonplused on 10.02.20 at 7:53 pm
…..
I am a student of Carl Sagan, not an actual student but read his books, of particular importance to me was “The Demon Haunted World” subtitled “Science as a Candle in the Darkness”. Read the “Bullshit Detection Kit” chapter.

*********

Thanks, I think I will.

M56BC

#157 cuke and tomato picker on 10.02.20 at 11:46 pm

So KING KENNY wants money from Ottawa. The people in Alberta have never had a sales tax, no msp, cheap gas prices etc.

#158 Cowtown Cowboy on 10.02.20 at 11:56 pm

#33 Sail Away on 10.02.20 at 5:01 pm
Obese, huh?

That seems a bit gratuitous. Flatulent, too?

“According to White House physician Sean Conley, Trump weighs 244 pounds. At 6 feet, three inches tall that puts him over the threshold for obesity set by the U.S. National Heart, Lung and Blood Institute.” – Garth

I’m 6’1”…about 235-240 depending how much msm I’ve watched that week, 20yrs ago I was an Ironman at about 205…stay active and try not to drink too much…

The guy that posted a few days ago… wife and I had little to nothing at 30… have put about $650k away depite my losing several hundred K on junior oil and gas stocks.. just focus and remember that 5-1, 1-5 no one here gets out alive!

#159 Moses71 on 10.03.20 at 12:11 am

After the dust settles all history maintains are stats I.e. casualties of people & economy
All of the stories and opinions come after.
Hopefully less people are hurt by Covid and recoup economically.

#160 zoey on 10.03.20 at 12:25 am

So what your saying is put you money into the over inflated stock market because theres nothing better…riiiight.

The Central Banks aka “The BoC” did not have a shred of forsight in that maybe just maybe be a crisis coming so we need rates to be higher before it happens. And giving people not very responsible free money might be a problem. So here we are , no where to go but the crooked stock market according to Garth. It will crash properly soon enough.

#161 SoggyShorts on 10.03.20 at 12:55 am

#92 Carrey Cella on 10.02.20 at 6:57 pm
The stock markets worldwide are toast. The Dow Jones will be 18,000, S&P 500 will be 2,200 and Nasdaq will be 6,500 in the next 6 to 12 months. The TSX here in Canada is easily falling to 9,000.
**********************
I will donate $50 to the charity of Garths choice if you show us a screenshot of all of your impressive short positions.

#162 Gerry Goode on 10.03.20 at 1:04 am

It’s obvious the thought of a Biden win makes everyone understand what a disaster that would be. When the market crashes on news that Trump is ill you can’t dance around and fart up the room with excuses. A Biden win will cause a crash the likes we haven’t seen since the 30’s. There’s already a massive underlying depression, held together only with smart policies from the Trump administration. The Biden Green New Deal will send the world economy into a tail spin. Anyone thinking otherwise must be locked up with cable TV limited to the leftist sewer.

Markets did not crash on the news. – Garth

#163 Nonplused on 10.03.20 at 1:20 am

#123 Ponzius Pilatus on 10.02.20 at 8:04 pm
#89 nonplussed

The words “racist” and “white supremist” come to mind. How do you know when someone is “racist”? It is a judgement call but without confirmation from the described person it is merely your opinion.
——————-
So we can’t call Hitler a racist, because he never confirmed it.

————————–

You have got to be kidding me. Hitler most certainly described his philosophy and his intent. It’s in his book.

Even the Jews are getting sick of people describing Trump as Hitler, because they think it desecrates the memory of what happened to them.

Just stop. Trump is not Hitler. He may be bad, bad, bad, but he is not Hitler. And this nonsense would only be equalled by say me or some other calling Biden “Stalin”.

If society is going to exist in 2 years, we have to stop name calling, taking the left or right, and back up way back up to the middle. Find the things we can agree on. Otherwise it will be war, and as always we won’t know why other than the other side must have the wrong breed of Dog.

#164 NSNG on 10.03.20 at 1:49 am

#115 jal on 10.02.20 at 7:49 pm

Lots of people praying for Trump.
Hillary has been praying for almost 4 yrs.

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

You spelled preying wrong. ;)

#165 BillyBob on 10.03.20 at 2:59 am

#98 Sail Away on 10.02.20 at 7:09 pm
Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.

—————————————————————

What’s all the hate on for Sail Away? Best comment of the day so far is above. But then, if there were a shred of personal responsibility in the world today it probably wouldn’t be quite as far down the crapper as it is. Just too big a critical mass now of people who want everything given to them and are pathologically incapable of accepting that maybe their terrible decisions are linked to their terrible outcome.

Today’s comments and sadly, many recently only strongly support my longstanding assertion that Canadians are every bit as mean-spirited and small-minded as anywhere else. The constant smug self-congratulation about how “nice” we are is a joke. It’s easy to be nice in good times. True colours are coming out now, hard.

Oh yeah. I’m 5’10”, 167lbs. Was edging up early in lockdown to just over 180, so went on a modified keto diet and bought a used bike and starting riding 100+km a week. Now I’m back to my high school weight.

Figured if I couldn’t do anything about the state of the aviation industry I would improve something I COULD control. Bonus was breezing through the yearly medical check. The Brit doc even put “Very Fit & Well” in the comments.

But I swear Czech pilsner is my kryptonite.

#166 Diamond Dog on 10.03.20 at 3:27 am

I suppose we ought to be prayerful with the president, having contracted the virus that is unkind to the old. Let us bow our heads to pray. “Hi father. Can you take DJT a bit early? Is there room down below for him, the opportunity presents. What’s that, there’s more DJT needs to experience? The reality check of his impending massive loss in elections and more importantly, the humiliation of being charged and paying for his crimes? I understand, dark father.” :D

#167 belly rubs on 10.03.20 at 4:23 am

Oops, this is where this goes. I stuck a copy on yesterday’s screed. J’ai fait une erreur. I commend your patience.

Re those 1980 dollars… Seems residential prices were what the market will bear, by hook or crook. It doesn’t matter whether high interest/low price or low interest/high price, the total is always maxed based on the research at hand and only lowered to tease offers. Very few times that I can remember prices making news because they were dropping, or assessments were dropping. So many hands are trying to push prices higher, but I believe there’s a generational wave of broke and unmotivated consumers coming down the pipe. When the last qualified buyers are soaked, the drop-off should be quick. People with a stake will probably push the home buying narrative as long as they can… justifying prices, writing press releases, sponsoring features, maybe as long as a year after the market dries up. They are placing a lot of hope and obligation on the kids of today. What if the concept of ownership shifts? Or gets “cancelled”?

If I was a young adult today, I would take up small engine repair and move to a picturesque community with a practical spouse, build a cabin, and raise chickens. I wasted a lot of time in the “system”.

Our assessment also went up 28%. Odd. Must be a plot.

#168 Diamond Dog on 10.03.20 at 6:04 am

This just in, President Trump’s treatment:

– Single 8 gram dose of Regeneron’s Polyclonal antibody cocktail.

-Zinc, Vitamin D, Famotidine (for ulcer), Melatonin (for sleep), daily aspirin (heart disease, Covid anti clot).

Puzzling is the choice to use a Regeneron product still in phase 3 trials. The Trump administration contracted $450 million worth of the antibody cocktail Trump has been given, back in July:

https://www.cnbc.com/2020/10/02/what-we-know-about-regeneron-antibody-drug-trump-took-to-combat-coronavirus.html

Best guess is Trump’s physician told him that Zinc and Vitamin D would be enough on its own (which it is) and other therapies are his choice. I would have also used Calcifidiol (to speed up absorption of Vitamin D) and included a common Zinc Ionophore such as Quercetin, EGCG (commonly found in green tea) or Juniper extract (best Zinc Ionophore choice for the elderly) to compliment Zinc just to make sure Zinc finds its home into infected cells, as well as natural Vitamin C (not synthetic Ascorbic acid but natural Vitamin C, a healthier choice for the heart (heart disease) and thrombosis or anti clotting than Aspirin) but why spit hairs, Zinc and Vitamin D should be enough on their own.

The only unknown to worry about (outside of Trump’s initial state of health) is the initial viral load of infection, but otherwise, he should be fine. Should the initial viral load of infection be quite high for whatever reason (say, participating in a Trump rally super spreader event) and Trump worsens, rotating beds to help drain fluid from the lungs combined with drugs used to reduce temperature have had the most success with ARDS in the past in the west coast. Therapies beyond that, haven’t followed the progress, can’t say for sure. Perhaps MSC’s, stem cell Mesoblast, scratch that, they just bombed in Phase 3 today… Remdesivir maybe but there should be something better out there by now… Vitamin D to my knowledge, is the only treatment that has really delivered eye popping results in studies and trials so far (with Zinc studies catching up).

Statistics and demographics only further strengthen the case for Vitamin D as a must therapy for Covid19. For example, deficiencies with Vitamin D are quite common. Vitamin D is essentially a hormone produced in the liver to boost the immune system when there is a triggered response to do so, such as burning one’s skin from the sun. With whites globally, 42% are considered deficient or sub-clinically deficient. This rises to 70% among Latino’s and 80 to 85% among blacks. The main causation (or lack thereof)? Sunburn. It’s known as the sunshine vitamin but Vitamin D is really a hormone. Factor this in with much higher Covid19 deaths among blacks (with international stats), and you have correlation.

Couple this correlation with studies and trials specifically with Vitamin D, and you have causation but there is more than one deficiency at play here with risk to Covid-19 (or any other class 4 virus) and as you map them out, Vitamin D, Zinc, Zinc Ionosphores (.5% of the gen pop might be deficient) and Vitamin C stand out as high risk groups.

With stats, take Atlantic Canada for example… everyone there eats seafood, its a way of life there. Seafood is high in Zinc AND Vitamin D. Look at the 1623 cases in Atlantic Canada with 2.333 million people. Everywhere else in Canada is at least twice the cases by pop. Correlation? You betcha! Correlation only because Atlantic Canada could have been seeded late, but correlation just the same:

https://www.ctvnews.ca/health/coronavirus/tracking-every-case-of-covid-19-in-canada-1.4852102

As we move inland and diets change, cases rise. There are also social factors at play (the French can’t keep their hands off each other) but mainly this virus is infecting hosts with weakened immune systems and topping the list of whys are deficiencies. (More prevalent than age, secondary diseases which by themselves cause deficiencies, infections, etc.) I understand that this is a flexible financial blog but this topic is so important considering the winter we are all heading into (and thereto, the financial stakes at play), I would be glad to further expand on Vitamin D studies and trials and their glowing results relating to Covid19 if anyone is interested and its not just Vitamin D. Zinc studies and trials are proving Zinc to be of major benefit in lowering death rates and severity of disease from Covid19 as well. Studies like this one:

https://www.theladders.com/career-advice/could-zinc-make-coronavirus-worse-heres-what-a-new-study-says

And this one (I found in the first minute of search):

https://www.thehindubusinessline.com/news/science/low-levels-of-zinc-can-cause-severe-covid-19-outcomes-study/article32694663.ece

We are all looking for the silver bullet drug or vaccine to put pandemics to bed, but the answers are sometimes more simplistic and straight forward (and less profitable or so we think, so we pay less attention. Keep this in mind, this is not the last virus class 4 pandemic we will see in our lifetimes).

#169 Sail Away on 10.03.20 at 6:10 am

#149 Sara on 10.02.20 at 10:58 pm
#113 Sail Away on 10.02.20 at 7:46 pm
#102 Sara on 10.02.20 at 7:16 pm
“#98 Sail Away on 10.02.20 at 7:09 pm

Wow, some vicious people here.

You do know that the only measure of a person is the way they themselves act right? And no, there is no ‘justified because’.

A person’s actions and statements are entirely their own.”

————

You should know, seeing as how your comments here got you SUSPENDED.

————

Haha. You’re, like, the virtual epitome of a nagging wife

————

Beats being a sociopath. How long will it be this time until you write something that even our patient host can’t tolerate?

————

Yes dear

#170 Toronto_CA on 10.03.20 at 6:18 am

Seeing the strong second wave of confirmed infections (caveat, testing more now than before, hospitals/morgues not nearly as in use due to covid as before) – I wonder if Garth is finally going to come around on whether Work From Home is a passing fad or not?

I’ve said before, the longer the pandemic forces working from home for white collar professional types, the more likely it is to endure past the pandemic. 6 weeks? Okay we’ll revert back. 6 months? Toss up. A year? More? I think we’re looking at a permanent structural change to our relationship with the office.

Time will tell!

#171 Under the radar on 10.03.20 at 6:41 am

Out in Mono, I walk my forest and watch the pine needles start to cover the forest floor . Spent some time widening the trails and contemplating the purchase of a wood chipper for all the slash the loggers left .
Will be taking out the pond sprinkler today . Views of autumn everywhere. Take a drive up airport road north of 9 – spectacular .

#172 the Jaguar on 10.03.20 at 7:31 am

#151 belly rubs on 10.02.20 at 11:14 pm and also
#166 belly rubs on 10.03.20 at 4:23 am

Fascinating.
‘When the last qualified buyers are soaked, the drop-off should be quick….’They are placing a lot of hope and obligation on the kids of today’…

Yes, and while the demographics would support they must be ready to ‘take over the reins’, all evidence suggests otherwise.

#173 RE_Investor on 10.03.20 at 8:42 am

…..Those who invested well, stayed that way and ignored the noise (like an infected president) have reaped. Those who let fear dominate have lost….Garth

I totally agree with your statement. Those who invested in Real Estate and ignored all the doomsayer noise did exceptionally well and will be self sufficient in their retirement years and can leave a legacy for their family! Price appreciation and positive cash flow is a blessing!

#174 justdeleteitifyoudontlikeit on 10.03.20 at 9:33 am

“A Biden win will cause a crash the likes we haven’t seen since the 30’s.”

Some charts on the economy, under Obama and Trump. First, all nonfarm employees (jobs, jobs, jobs!):
https://fred.stlouisfed.org/graph/?g=wo6Y

Manufacturing employment:
https://fred.stlouisfed.org/graph/?g=wnlo

GDP:
https://fred.stlouisfed.org/graph/?g=wo6u

These are numbers right from the US government. Of course, when Obama was in, Trump called these numbers, especially employment, fake:
https://www.c-span.org/video/?c4904964/user-clip-unemployment-number-totally-fiction

Based on the charts above, I humbly suggest that the economy, overall, would have been just as good if Obama had served four more years, and it will be just fine under Biden. Presidents don’t matter nearly as much to the economy as partisan media would have you believe. The truth is out there.

#175 Steven Rowlandson on 10.03.20 at 9:44 am

Two other things are a problem.
Real estate prices and 10 to 20 cent on the dollar wage rates plus variable hours per week as in less than full hours. This means Canadians not only have no assurance of retirement but also living in Canada is an illusion and makes greater fools out of those who would have a work ethic. After being in the work force since 1978 I think I can speak from experience.

#176 Squire on 10.03.20 at 4:37 pm

#156 cuke and tomato picker on 10.02.20 at 11:46 pm
So KING KENNY wants money from Ottawa. The people in Alberta have never had a sales tax, no msp, cheap gas prices etc.
————————-
oh, and by the way. Most of Alberta voted Conservative. Maybe that’s a reason Ottawa doesn’t care. I bet if they were liberal like the East coast they would have received more help.

#177 tccontrarian on 10.03.20 at 6:49 pm

Perhaps TN can chime in on this bit of info. Or anyone else with PhD in epidemiology…

****Cov-ID-19****

“The bug called COVID-19 is officially not definable and has not been identified. Let me repeat: The pathogen that is the cause of the illness called COVID-19 has never been identified and is unknown at this time. It may be a virus or it may be something else.”

——
Koch’s postulates are the following:

1. The microorganism must be found in abundance in all organisms suffering from the disease, but should not be found in healthy organisms.
2. The microorganism must be isolated from a diseased organism and grown in pure culture.
3. The cultured microorganism should cause disease when introduced into a healthy organism.
4. The microorganism must be reisolated from the inoculated, diseased experimental host and identified as being identical to the original specific causative agent.

#178 belly rubs on 10.03.20 at 8:15 pm

#171 the Jaguar on 10.03.20 at 7:31 am

Yes, and while the demographics would support they must be ready to ‘take over the reins’, all evidence suggests otherwise.
….

I had bitcoin briefly, to speculate during the growth stage, however it reached a market capitalization that could no longer be supported by new adopters. The evidence was the saturation and exhuberance. The time to bail, a month before the peak, was clear.

I believe the current capitalization of real estate exceeds the economic abilities of next generation of buyers. I see evidence in the “accommodations” to maintain the level of investment, while bureaucrats scramble to meet increasing basic shelter needs. Plus, these projected neophyte buyers have an increased tax burden, inflating costs, limited skills in trade and industry, and a fractured social commitment to the status quo.