The opportunity

What do we make of a few ugly days on the markets?

Well, speculation grows a certain American president that this blog cannot name (until after  Wednesday) may not cede power if he loses the vote on November 3rd. You might wish to read this. Could it lead to conflict in the streets, while the virus – despite politics – continues to infect 75,000 people a day?

And, wait, could that guy (you know who) actually be ascending again? This is so confusing. Here’s how crusty old Street vet Ed Pennock saw it today…

The market looks like it’s selling on news. In our view, Trump is surging again. He’s got a big hill to climb. But that makes the election now very difficult to call. Markets hate uncertainty. Biden has the numbers but will they hold? A record 67 million people have already voted. We are heading for a record turnout. Probably outside the statistical parameters that they have been using to make forecasts. The news about CVD is anything but good.

Yeah, the bug. Europe’s got it bad. Italy, France, the UK, Spain, Poland – lots of places are seeing bigger case numbers and more hospitalizations than in the spring. Mr. Market is not happy with these developments. A US regional lockdown could be coming. It means economic disruption, people buying fewer pickups and designer sweats (big these day) at a time when vacations, air travel and fancy restaurant meals are already kaput. GDP down. Blood pressure up. More layoffs. Closures. People stress and vex, then do silly things like sell perfectly good assets into a storm.

On Tuesday our prime minister said all of this “sucks” and you probably should expect Christmas to be cancelled. And now we have the latest from the Bank of Canada, which has been spending billions each week keeping your mortgage rate low. The highlights from Tiff:

  • No rate change. In fact the cost of money will stay low until inflation (now 0.5%) hits two per cent
  • When’s that? “Not until into 2023.”
  • US growth is fading considerably. In Canada it will “slow markedly.” Virus.
  • Our economy will shrink more than 5% this year then grow 4% for the next two. “Considering the likely long-lasting effects of the pandemic, the Bank has revised down its estimate of Canada’s potential growth over the projection horizon.”
  • The bankers will continue to depress mortgages by spending “at least $4 billion a week” buying long-term bonds… “which have more direct influence on the borrowing rates that are most important for households and businesses.”

Hmmm. Is this good? Green light to buy a house? Or stuff your TFSA with cheaper ETFs?

Well, here’s what we know.

First, yes, mortgages will stay cheap. The central bank says rates will remain low for at least two years until the economy recovers enough to throw off inflation. If this is not the bottom for home loans, we’re close. And without a doubt, cheap money fuels real estate – so long as enough people have jobs.

Reality check: five-year fixed-rate money has never cost less than it does now.  In other words, why would you pay off a 1.8% loan? So, don’t. Take the cash you’re not spending on a monthly payment and invest it, especially when neat things like equity ETFs are on sale.

Second, never, ever, ever (ever) forget this will pass. Pandemics are temporary, not permanent. Even if a vaccine never arrives, the virus would burn out in time. The race now is to save as many people as possible from infection and death and thereby shorten the episode, through medicine and public health measures. (This is why the herd immunity theory is nuts. Worse, it’s mass murder.) Wear your damn mask.

Third, government stimulus will flow like Bandit’s drool over a liver treat, which is a sight you won’t easily forget. There’s a 100% certainty a multi-trillion-dollar package will pass the US Congress, whether it’s before or after the vote. CBs will continue to do what our guys pledged today – keep rates crashed and hold the taps open with billions in quantitative easing (QE). The combo of this fiscal and monetary stimulus will keep the lights on and markets supported until the bug departs.

So, fourth, when assets fall in value, pay attention. It’s why this blog has pointed out (for example) that some DT Toronto condos selling for $700,000 seven months ago are now less than $500,000. Or why a day when the equity market loses 3% of its value is a great time to do a little fund shopping. Of course, there could be a bunch more volatility over the coming days and weeks (mostly depending on the virus and the, ah, other thing), but you get the point. If the world’s destined to look a helluva lot better in 12 or 20 months, then go vultch.

There. See how much better you feel about complete mayhem?

211 comments ↓

#1 Dave on 10.28.20 at 4:01 pm

What about metro Vancouver real estate???

#2 BPD Investor on 10.28.20 at 4:02 pm

Trudeau has to conyinue QE for the empowered people and home owners. What happens to the Canadian dollar? Argentina? Wiemar? Venezuela?

#3 Prince Polo on 10.28.20 at 4:02 pm

#117 MF on 10.26.20 at 1:28 pm
#107 BillyBob on 10.26.20 at 10:52
-Actually, I believe it’s been Doug on many weekend posts detailing exactly what I said. He’s a portfolio manager, watches the markets closely, is paid to make calls, and is part of Garth’s team.
You are a pilot who had to leave Canada because things weren’t working out.
Who would you believe?
MF

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

Sorry Mr MF – I’m a few days behind, but I would like to ask you to reconsider the idea that anybody leaving Canada is a “failure”. Approximately, a decade ago, I got a job in California which eventually led to living out of my suitcase for a couple of years, supporting airlines all over the world – an opportunity that never would have happened had I stayed in the utopia that you describe as Canada. I hope you will consider that the world is not black-and-white and there can be areas of grey that exist. I’m sure I’m guilty of having blinders from time to time as well…

#4 Dogman01 on 10.28.20 at 4:03 pm

I am OK when an informed population has a clear discussion regarding the Social Contract and makes changes.

But instead of a social contract discussion in Canada it seems we are being subjected to a propaganda campaign, the “crisis” of Climate Change and “crisis” of COVID to force us down the path of Socialism. This is Classic “Shock Doctrine” tactics.

They tried to bring about “Social Justice” (Socialism) under the guides of Climate Change.
See Question 2 and the answer at 1:10 Min; https://www.youtube.com/watch?v=a-wAxnAG54U

Now they are trying again to use COVID as “cover” for the push for “Social Justice” (Socialism)
https://globalnews.ca/video/7427669/coronavirus-tam-says-pandemic-has-shone-a-spotlight-on-inequalities-in-canadas-health-care-system/

If we want to have a discussion in Canada as to growing economic inequity, why so much low wage work and under employment, then let’s do that. I think we will find that the root of a declining standard of living has nothing to do with Climate Change or Covid.
• Competing against more labour supply, via Globalization & Immigration
• Less global demand for “workers” – via Technology
• The “Red Queen” problem of wages up against Inflation

And the solution to our problems is not Socialism. It is a Canada first Trade and Industrial policy with trade partners whom are not predatory totalitarian dictatorships. (whom wish us harm)

#5 dogwhistle on 10.28.20 at 4:04 pm

France is locking down hard for one month as is most of Europe (it’s that continent with better food on the other side of the Atlantic)

Canada is doing better, wear a mask, you won’t lose your p*nis along the way.

#6 Big English on 10.28.20 at 4:04 pm

Thanks Garth, needed a little sanity in a very crazy world.

#7 El presidente on 10.28.20 at 4:05 pm

The orange thing in a landslide…….

#8 Viking Vagabond on 10.28.20 at 4:06 pm

The opportunity is to leave Toronto & never look back. The police force in Toronto is corrupt as hell and they are biased towards certain people.

Just stop plundering. – Garth

#9 Cowtown Cowboy on 10.28.20 at 4:09 pm

Picked up a little more S&P for the kids RESP today…hopefully my timing won’t be too bad…

At least ski season opens in a week…

#10 mj on 10.28.20 at 4:10 pm

I don’t understand how it works when the bank of Canada switched to buying long bonds. As for a five-year mortgage. Would we see a drop by 0.10 or could it be 0.50 lower?

#11 tkid on 10.28.20 at 4:10 pm

Did the PM really use the word “sucks”?

#12 S.Bby on 10.28.20 at 4:11 pm

A deep recession should hurt Trump’s reelection bid, but this isn’t a usual downturn.

https://www.cnn.com/2020/10/28/investing/recession-stock-market-election-trump-biden/index.html

#13 Bezengy on 10.28.20 at 4:11 pm

Watched CF speak today. She’s one smart well spoken lady for sure, but she’ll never convince me spending all kinds of money in the name of whatever will some how magically create some prosperous utopian fair society. It’s just more of the same sunny way pre-election crap which Justin will be calling any day now.

#14 Frank on 10.28.20 at 4:15 pm

Hi. Can you please tell me where those condos are. I am interested to buy one and move there. I had been looking all summer. I think if what you say is true. Now I will buy. Thanks.

#15 Brian Ripley on 10.28.20 at 4:15 pm

Jitters in the Bitcoin market as the USD crawls up the wall of worry:
http://www.chpc.biz/history-readings/risk-on

FOMO 2.0 is facing risk on again.

#16 Sal on 10.28.20 at 4:15 pm

Good advice in these interesting times. Thanks, Sir Garth!

Meanwhile, I would guess that the, ah, other thing is best predicted by Nate Silver’s site fivethirtyeight.com

https://projects.fivethirtyeight.com/2020-election-forecast/

#17 Diamond Dog on 10.28.20 at 4:16 pm

Fauci changed his position as the pandemic worsened. Seems reasonable. He is a big mask advocate now. You wear a mask, right? – Garth

Since you brought it up… I caught an interview with Scott Gottlieb a few days back talking about masks. I was sour on him back with in the spring with some stuff he said but he’s been largely on point since then. The entire interview is good, but he gets into masks at the 3:30 mark:

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

Key points:

Cloth masks are 10 to 30% protective.
Cotton masks, thickness matters with polyester are better. (protection varies)
Surgical masks are 60% protective. (seals aren’t great either, likely why)
N 95 masks are 90%+ protective.

I shouldn’t have to stress the importance of reducing the viral load of infection and how reduced viral loads give us a far better chance of remaining asymptomatic or having mild symptoms only.

We are still short on N95 masks in North America for high risk responders. Still. It’s nearly November and case numbers are climbing everywhere. The Trump administration has had 9 full months and didn’t get it done. With Trump, herd immunity is the strategy, science be damned. The reason why I took the turn off time to wade through mask quality back in Feb or March or whenever it was, is because any federal government running the world’s largest economy should have had a pre pandemic response which includes what kind of masks North Americans need (that includes us) for a class 4 virus pandemic like this one.

I remember hearing Biden saying (was it in a debate?) that his government was going to manufacture N95’s here at home so we would never be short on quality masks and needed PPE ever again and that this should have been done early on at the beginning of the pandemic if he was president. Looking forward to government policy lending to market stability, once again cheap full access to N95’s would definitely be a net positive.

Like I say, its nearly November and there is still a shortage of N95 masks in North America for high risk workers. You can access them, but they are pricey. If any future government is going to get control of this pandemic, (including Canada) the general public is going to need full, cheap access to N95 masks. (even post vaccine, we don’t know how effective they will be, how long they will last and the rollout may not vaccinate more than half the gen pop).

On a personal note, I’m a farmer and need N95’s for what I do. Couldn’t get them back in Feb on (can get them now, but they aren’t cheap), but could get N99’s so I ordered some cartridges online to use with a paint mask. N99’s offer 99+% protection against virus’s of the nano size of Covid19, not that I would wear a mask like this in the general public. They are more restrictive to breathe through, not unbearable but they need to be vented and vented masks don’t protect the general public like non vented masks do.

Point is, if I had to look after someone who was sick with Covid19 at home (or was a paramedic for example) and had a choice of N95 and N99, I’d definitely take the N99. This is an airborne virus. Walking into a house or especially a bedroom or same room of an individual sick with Covid with a high probability of a high viral load environment is a very bad idea without at least wearing an N95.

#18 Leftover on 10.28.20 at 4:19 pm

The Spanish Flu took a little over a year to dissipate in the United States:

https://www.acep.org/how-we-serve/sections/disaster-medicine/news/april-2018/1918-influenza-pandemic-a-united-states-timeline/

Likely case then is for Covid to begin to peter-out in about March of 2021, vaccine or not.

Since politicians always over-react they’ll keep spending money well into autumn of next year. They’ve already said so. The question for Canada is whether our rate of spending/deficit to GDP exceeds that in the US.

If it does, CAD craters and we get inflation, then Tiff has to move his timeline ahead. My bet is Trudeau will try to thread the needle. Freeland even admitted that current spending is “limited and temporary” in a recent speech.

Let’s hope so.

#19 HowDeepThePain? on 10.28.20 at 4:22 pm

Justin and Chrystia…

Do they really understand that they have the capability to print money today because of prudent financial decisions made historically PRIOR to his election?

It’s valuable to continue to be the cleanliest dirty shirt of worldwide government debt.

I’m doubtful, and the stakes are increasing for Canada. What’s the best way to send a message?

#20 UtterlyConfusedCanadian on 10.28.20 at 4:29 pm

Well, how come you haven’t suggested a carry trade strategy with these low interest rates? Maybe it’s time to lever the portfolio?

#21 TurnerNation on 10.28.20 at 4:33 pm

This – once – was a science blog. Early this year a guest blogger – a Lewnenza I recall? – told us some science.
All these months later – and with the destruction of our First World way of life well underway and without end – surely there must be volumes more science to report on what’s going on.
Where is it?

Instead the globalists’ media outlets use a strategy of fear and Information Overload. Distracting us.
What we know: our economy, minds and society are ruined. Police are told to stand down as paid then follow-on mobs loot in USA.Next logical step, is this what are gunning for, military on streets?

#22 Turd World on 10.28.20 at 4:34 pm

Back we go to the March lows.Is it a buy again when we hit those lows?Many will think so but they are the same ones who bought the Nikkei at 40000 in 1990—30 years later it is still half that level.

March? Doubt it. But if we did, what a splendid opportunity. – Garth

#23 SoggyShorts on 10.28.20 at 4:37 pm

#201 Bill on 10.28.20 at 2:36 pm
#195 SoggyShorts
————————–
Well that a bit of a ridiculous statement.
If I go back 25 years I was making 6 figures and my employer never handed my a bag with money.
But I could hit the bank get some currency and buy what I want without (CENFEN, bet you have no idea what that is?)big brother tracking me buying a coffee or whatever else I want to that is my bloody business in my private life.

**************************
1. You’re delusional if you think “they” can’t track your deposits.
2. CENFEN I assume is like FinCen? Anti financial crimes tracking?
3. No one cares that you specifically buy a coffee.
The mass data that people in area code ___X__ buy coffee way over in area code ___Y__ could be used to decide that adding a coffee shop closer to ___Y____ would make sense.
4. “PS that’s why some are rich and most are poor. I don’t pay anyone 1.5% that’s foolish when a bank pays .25%
Perhaps I was unclear: Unless you are getting a discount for paying cash, a credit card nets you a 1-2% cheaper purchase depending on what point or (ironically) “cash-back” program you use.
With the right combination of groceries and gas for example you can get even more of a deal like $0.06/L off the gas and 4% off groceries.

But w/e paleo bro, keep paying more for no reason.

#24 SoggyShorts on 10.28.20 at 4:38 pm

#202 Damifino on 10.28.20 at 2:52 pm
#195 SoggyShorts

My wife has a friend with whom she exchanges hand written letters through Canada Post. They both have the option of texting or using email, and they often do.

But they still get a kick out of receiving letters from each other occasionally. I really don’t see any harm.
**********************
Exactly, my relatives snail mail each other a lot too, and it’s great. Replacing emails&texts completely in order to “keep the man from reading them” is ridiculous though.

#25 Faron on 10.28.20 at 4:40 pm

Take the cash you’re not spending on a monthly payment and invest it, especially when neat things like equity ETFs are on sale.

I wish that during my gear buying, van spreeing, kayak building days someone would have told me that those neat ETFs are as fun to buy and obsess over as gear. But, unlike gear, they GIVE you money. Now, when I go buy blocks or line or shackles (so-called boat jewellery) or stainless plate for the boat (tactical silver of course) I at least consider that those purchases could also be made as a few shares of ETFs and in a few years those shares will kick off free boat jewellery. Or a retirement that can include boat accoutrements.

We’re at a bifurcation. A well-decided vote and the market stabilizes, maybe feels some more COVID woe then picks back up. Contested election will make that 200 day MA look real likely.

#26 willy on 10.28.20 at 4:41 pm

Big drops right ahead of an election are quite rare.
In fact, only twice did the S&P 500 fall 3% or more within 6 trading sessions of the presidential election.
1932 and 2008. The incumbent party lost both times.

And markets continued lower into the next year following both occasions.

#27 At least the .... on 10.28.20 at 4:44 pm

turkeys can breath a little easier if Christmas is cancelled. Well, maybe …

#28 Ponzius Pilatus on 10.28.20 at 4:46 pm

#192 Penny Henny on 10.28.20 at 1:08 pm
Now that we are past the third inning or so of Covid, who’s strategy is more sound? Sweden? or Italy?
————-
Not even close.
The two Chinas.

#29 Michael on 10.28.20 at 4:48 pm

Hi Garth, Thanks for the blog.

Are you suggesting that anyone who is stable and secure should be going to a bank to try to get a loan at 1.8% and then investing that money?

#30 not 1st on 10.28.20 at 4:49 pm

Should we tell the peaceful protesters in Philly they are 6 days too early.

Anyway, Freeland has a statement out this aft, no blank cheques, govt stimulus reaching its apex.

https://www.msn.com/en-ca/news/canada/freeland-says-aid-needed-but-not-infinite-as-central-bank-targets-2022-for-recovery/ar-BB1at3ib?ocid=msedgntp

#31 willy on 10.28.20 at 4:51 pm

On average, October 28th is (now was) historically the best day of the year for the S&P 500.

#32 As Elon puts it on 10.28.20 at 4:54 pm

Are the New York Times and CNN honestly still going? If you missed it, the answer is yes and no.

It’s good to see those credible sources being used. Lol. There’s a reason Fox is killing them.

I thought the column cited was factual and clear. Please feel free to point out anything it referenced that is not credible. – Garth

#33 Prarieskeptic on 10.28.20 at 4:56 pm

How do you think the virus will ‘burn out’? ‘Herd immunity’ is the end game whether by vaccination or infections. Is there another alternative that you know about that I am missing?

#34 GrumpyPanda on 10.28.20 at 4:58 pm

#17 Diamond Dog. Talk Radio had a guest on today that is building a factory near Collingwood to produce masks you change the filter on. Remember Irwin Toys? He is from that family so he understands real production problems. You might want to check that out. Their masks are not N95 but sounded pretty close.

#35 Doug t on 10.28.20 at 4:59 pm

World crypto currency
UI
Border closures
AI surveillance of citizens
Nationalism
War with China

Futures so bright I gotta wear shades

#36 OK, Doomer? on 10.28.20 at 5:00 pm

#26 willy on 10.28.20 at 4:41 pm
Big drops right ahead of an election are quite rare.
In fact, only twice did the S&P 500 fall 3% or more within 6 trading sessions of the presidential election.
1932 and 2008. The incumbent party lost both times.

And markets continued lower into the next year following both occasions.

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

Pretty small sample size there; only two. If you correct for the number of those previous drops that occurred during a pandemic your sample size drops to zero.

Not saying you’re wrong, just your view is pure guesswork.

#37 Stone on 10.28.20 at 5:05 pm

#21 TurnerNation on 10.28.20 at 4:33 pm
This – once – was a science blog. Early this year a guest blogger – a Lewnenza I recall? – told us some science.
All these months later – and with the destruction of our First World way of life well underway and without end – surely there must be volumes more science to report on what’s going on.
Where is it?

Instead the globalists’ media outlets use a strategy of fear and Information Overload. Distracting us.
What we know: our economy, minds and society are ruined. Police are told to stand down as paid then follow-on mobs loot in USA.Next logical step, is this what are gunning for, military on streets?

———

Science, eh? On the tele?

I just got off the phone with David Suzuki. This week on The Nature of Things: The mating habits of the real estate moisters.

Apparently, it was taped in their natural habitat – a housing subdivision in some suburb called Milton or Oakville.

Be forewarned: It’s graphic and may be unsuitable for young children. Especially when the herd of moisters try to get into the sales office all at once. Blood and guts everywhere.

#38 Jim on 10.28.20 at 5:05 pm

If you believe in the unified theory (big bang, evolution), you could see Covid-19 as just another means of culling the weaker members of the human race.

If you believe in anthroprogenic global warming, you could also see Covid-19 as an agent to accomplish the much needed reduction in human population to reduce CO2 emissions.

But there’s a good chance you don’t. In fact, you probably see Covid-19 as bad, which is a value judgement inconsistent with your beliefs. Is man evolving into a more advanced species? Then leave the weaker genetic material behind. Are we really burning up our planet? Then stop fretting about reductions in the human population.

Of course, you’ll be hard pressed to find anyone who thinks this way, because the underlying beliefs are not correct.

#39 Trojan House on 10.28.20 at 5:07 pm

Sorry Garth, I can no longer read your blog with the misinformation you spew about cases and masks. Not that it makes one iota of a difference anyway.

Excellent. Can I drive you back to the coven? – Garth

#40 GrumpyPanda on 10.28.20 at 5:09 pm

#17 Diamond Dog. Trevor Rx mask. I’m wrong. 3 different filter options. One is N95

#41 Catalyst on 10.28.20 at 5:11 pm

Raise interest rates is 2+ years away….it’s always 2 years away. It’s the perfect time frame that makes it seem not that far off but far enough away to have no accountability. Who remembers where they thought we would be 2 ago to now? Yes the pandemic happens, but who knows what else will disrupt the game in 2023.

Everyone should be focused on preserving wealth, have some euro, usd, yuan exposure and a small bit of gold/bitcoin. The last thing you want is only CAD assets.

Bullion, bitcoin and forex are totally inappropriate for most people and augment risk. Just hold a balanced portfolio containing Canadian, US and international ETFs, as well as a few REITs and bonds/prefs for ballast and income. This is not the environment in which to gamble. – Garth

#42 FreeBird on 10.28.20 at 5:11 pm

Well timed. I’m still reading and hearing stories of cashing out and waiting for ‘the crash’. I do my part by spreading word about the blog and it’s wealth of free advice incl links online. But it and good advisors are up against info saturating social media and YT algos incl daytime trading bloggers and ads for ‘free online courses’ w/suspiciously identical formats (diff people). We know some who cashed out waiting to jump in on next crash. I wonder what the interim loss is (if any) while waiting in cash or gold vs profit made by temp selling out high and buying back low? Other half and I are staying in and adding cash (if avail) when it makes sense. Boring to many these days.

#43 JSS on 10.28.20 at 5:16 pm

Nearly every stock is currently is on sale, but I do like the following Canadian dividend income stocks:

ENB, RioCan, BNS, BCE, TC Pipelines, Power Corp

The average dividend yield is over 7% for this mix. Helps pay bills around the house, in case of job loss

#44 Paul B on 10.28.20 at 5:17 pm

The 10,000 Covid deaths milestone is in the headlines. This is a big number, but it is not meaningful unless we know its relation to other causes of death.

If Covid was the only factor in the 10,000 deaths, then it would be mostly additive to the normal death rate. But we know that it is unlikely that it is additive since it is people with pre-existing conditions that are most vulnerable…so how many lives are we saving by shutting down our economy?

Statistics Canada published the causes of death for earlier years at https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1310039401 .

I wish we had statistics for 2020 broken down by cause of death, rather than just focus on the covid numbers. We are fighting covid by shutting down much of our economy, but the death rates in the Stats Can figures suggest we would save more lives by banning hamburgers and milkshakes to lower heart attacks…

You just made ten thousand families feel so much better. The milkshake simile was a particularly empathetic touch. – Garth

#45 Apocalypse2020 on 10.28.20 at 5:21 pm

ONE WEEK TO GLOBAL CATASTROPHE!

Be grateful if you wake up at all in 7 days.

But Hell will only be beginning.

PREPARE

#46 TurnerNation on 10.28.20 at 5:30 pm

This weblog is confusing me. My province’s UN-backed regime has mandated all inside dining activities closed in the two most populous regions (economic engines). The social and economic devestation is now setting in.
They always had indoor mandatory masks.
All this blog can offer in the face of this is ‘wear your mask’?

#47 Dolce Vita on 10.28.20 at 5:34 pm

I don’t even know where to begin. Let me start with:

EUROPE HAS LOST ITS MIND. Some stories are sad. And some, enrage.

————-

Aside Garth, if we don’t get a vaccine by Spring of next year I do not believe Canada will have a GDP of +4% in 2021 with 4 of the G7 out of commission economically and other EU states as well. And then you know who, who knows anymore?

————-

1st, the “bad news” numbers from Europe, table below sorted by deaths (still low vs. new cases) and Germany new cases in error, not +13 thousand, +14964 instead:

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

2nd, death rates still low vs. 1st wave but Europe starting to go exponential and I included Canada, had to go Per Million so Canada would not look like the X-Axis at near 0 with its little teat in early May (as usual, Canada late to the table):

https://i.imgur.com/yqjQr8z.png

3rd and of course Europe panicking and wanting to save Christmas.

-FRANCE going into lockdown and the ONLY EU country that does not call it that, they prefer “Confinement” or as Le Figaro also calls it “Reconfinement” since this is their 2nd time around:

https://i.imgur.com/Bh5jCl9.png

And the English calling it what is:

https://www.bbc.com/news/world-europe-54716993

-And poor SPAIN, run out of partial restrictions in desperation to avoid a lockdown closing Regional Borders and some locking down for the weekend, what a mess there:

https://i.imgur.com/GbDEZ6N.png

-Most surprising is DEUTSCHLAND where they are ALSO LOSING THEIR MINDS – 1 month quasi lockdown there as well and Merkel says for the lockdown to work:

“Germans abandon logical thinking…”

https://i.imgur.com/2abRCt8.png

And getting sensasionalist about it to, in Deutsch…always looks worse that it is (about the panic and good old Bild, not one to leta sensationalist opportunity go wasted):

https://i.imgur.com/gL7L5eU.png

-the DAMN VIRUS creating havoc in less populated countries, too, SAD headline from THE NETHERLANDS about small business owners about to go bust, very high cases in the CZECH REPUBLIC (their Health Minister violating his own restrictions, being replaced):

https://i.imgur.com/1oV5FCv.png
https://i.imgur.com/AjCeqLW.png

-MEANWHILE, in the UNITED KINGDOM they are already planning for a ZOOM CHRISTMAS (optimists that they are) and the SWEDES fascinated by our PM and his “it sucks” comment (oh ya, and that “Kanada” hit 10,000 deaths):

https://i.imgur.com/DsLmddO.png
https://i.imgur.com/vVmhqdJ.png

and on, and on, and on…

————————————-

Which of course brings me to ITALIA. Ya cases high, death low, ICUs not flooding anywhere.

And the lying, sadistic, vermin that comprise the North American Mainstream Media.

You all saw this image from Naples (all of 100 people), more Polizia and Carabinieri than protestors:

https://i.imgur.com/EIH1QJR.png

What the PERVERTS at the N. American MSM are not telling you is that in a fit of patriotism, the protestors let off:

Green, White and Red fireworks – COLORS of the Italian flag (and hand held flares)

So the above image the MISCREANT N. American MSM shot thru the smoke from the RED FIREWORKS to make it ALL look SINISTER.

Here is what the less than a throng looked like marching on their way to a central piazza in Naples:

https://i.imgur.com/iVx3JeG.png

See the green, white and red flares? They are protesting same reason as the Dutch business owner above (will go out of business) and are GETTING NOTHING CLOSE TO CDN GOV HANDOUTS, €7 Billion from Gov Italia. How they contained their rage up until now is beyond me.

YOU ARE SPOILED ROTTEN Canada with Gov handouts.

Message to you the N. American MSM, in the above you are:

CHILDREN BORN OUT OF WEDLOCK looking for quick click bait $$$.

SHAME. APOLOGIZE.

#48 greyhound on 10.28.20 at 5:39 pm

The NYT article referenced reads almost like something in a scandal sheet. And bond guy Jeff Gundlach is calling for a “Revolution” in the US? Whoa.

I think the general anxiety level is extraordinarily high in a lot of places just now, and some usually calm folks are speaking and writing in uncharacteristic hyperbole.
All that stuff could happen, no question. But many, many other things could happen instead.
Maybe this is an especially good time for popcorn…

#49 Democracy Is Mob Rule on 10.28.20 at 5:42 pm

#44 Paul B on 10.28.20 at 5:17 pm
we would save more lives by banning hamburgers and milkshakes to lower heart attacks…
——————————————————————
The cholesterol theory of heart disease has been debunked. It is now known to be caused by deficiency of vitamin K2.

#50 TurnerNation on 10.28.20 at 5:42 pm

^ not only indoor dining is banned in the two most populous areas but all the indoor activities and gyms.
We wore the damn mask. This about something else.
To Everyone: you better learn quick who is on your side or not.
Some flu-CV data, not mine I cannot vouch for it:

https://i.redd.it/shkygn4jhfm51.png

#51 Dolce Vita on 10.28.20 at 5:43 pm

“You just made ten thousand families feel so much better. The milkshake simile was a particularly empathetic touch. – Garth”

Deaths are low for now in Canada INSTEAD be grateful and THAT was good Garth, indeed. Well said.

#52 Penny Henny on 10.28.20 at 5:46 pm

Love the headline on the link provided.

“How far might T____ go?”
“No one is quite sure”

Obviously with a headline like that it MUST be filled with facts and not opinion no?

So debunk it. I’m waiting. – Garth

#53 Democracy Is Mob Rule on 10.28.20 at 5:53 pm

#16 Sal on 10.28.20 at 4:15 pm

Meanwhile, I would guess that the, ah, other thing is best predicted by Nate Silver’s site fivethirtyeight.com

——————————————————————

https://www.psychologytoday.com/us/blog/long-fuse-big-bang/202010/google-search-predicts-big-surprise-in-november-election

#54 Atheist capitalist on 10.28.20 at 5:57 pm

Garth please watch “the great reset” on you tube.
Executive chairman Klaus schwab may change your opinion…..

Getting old. Move on. Nothing to see. – Garth

#55 Camille on 10.28.20 at 5:59 pm

I’ve been reading ZH, which is a lot less scary than Greater Fool (can you believe that). The business press is bringing David Rosenberg on a lot, maybe Robert Pretcher is next for a little “long term” perspective. Now my latest favorite, Raoul Pal, has gone bigtime gonzo for Bitcoin. “BITCOIN 1 Million”. Tommorow, if not already, NYT and The Guardian will be covering markets front page! Deja vu all over again.
Garth thank you. A little sanity, and lucidity, and a wonderful perspective. My second favorite (Hugh Hendry) after Garth, says he sees risk everywhere, he’s a paranoid schizophrenic. Of course he does, because it is.
But what to do, unless you’re a hedge fund with the tools and knowledge, I dont know of anything to do. Call it confirmation bias (he knows more than I), but I agree with Mr. Turner.

#56 Vancouver Stupidity on 10.28.20 at 6:01 pm

So Garth, I’d love to vultch a house here in Vancouver, but prices are still completely insane and disconnected from reality. Buying a condo looks like a good idea, but I’m saving my FTHBG for a house my family can live in – leaving the rental house I’m in to try living in a one bedroom condo with two toddlers makes no sense. When is Vancouver coming back to earth? Never?

#57 crossbordershopper on 10.28.20 at 6:11 pm

well I guess your right, Canadians only think about buying a house or saving a few dollars in a tfsa buying some etf.
the million other things seem never to get mentioned about doing with money, Canadians are generally quite limiting in their asperations and goals.

#58 Dolce Vita on 10.28.20 at 6:14 pm

#50 TurnerNation

THAT is utter bull dung.

Try reputable sources instead, 2017 data:

https://i.imgur.com/Wiix1QI.png

Canada just hit 10,000 deaths.

THAT makes COVID the 5th highest cause of death in Canada 2020 AND the year is not done yet. Still 2 months to go.

Reddit of all places to go to. Conspiracy Theorist Central populated by their believers which firmly sit on the left hand side of the IQ bell curve, EQ as well.

Also, COVID beats auto deaths in Canada too, hands down:

https://i.imgur.com/k2GZY2K.png

And COVID beats hands down CANADIAN SHARK ATTACKS too (something you could post on Reddit esp. with the sharks bailing from US waters in advance of COVID and their Election = a good shark conspiracy theory…what did the sharks know that the Americans didn’t?):

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

The last one was fun appealing to the intellectual cache of Reddit.

#59 Faron on 10.28.20 at 6:20 pm

#44 Paul B on 10.28.20 at 5:17 pm

If Covid was the only factor in the 10,000 deaths, then it would be mostly additive to the normal death rate.

Not only are you inconsiderate, you happened to stumble onto how we know for certain that the pandemic is killing people above and beyond normal death rates.

https://www150.statcan.gc.ca/n1/daily-quotidien/201028/dq201028b-eng.htm

Similar data are available around the world and show that deaths are well in excess of normal and in some cases far, far above excess. In Canada, at the worst, people were dying at a 20% higher rate nationwide. That’s huge! In Quebec? 50% higher. At the peak of the crisis at the beginning of May, where 1300 people typically die in the province, more than 2000 did. An excess of 700 people. Excess deaths are picking up again in sync with the latest wave of infection.

And you better check yourself before you leap to the “but, but, they were all old and gonna die anyway…”. When you are 75 and someone comes across you in a remote place with some mortal but very survivable injury, would you want them to just say “eh, he’s old. He’s gonna die in a few years…”?

You are wilfully turning away from objective data because you don’t like it. That is infantile.

#60 Nonplused on 10.28.20 at 6:20 pm

#52 Penny Henny on 10.28.20 at 5:46 pm

Love the headline on the link provided.

“How far might T____ go?”
“No one is quite sure”

Obviously with a headline like that it MUST be filled with facts and not opinion no?

So debunk it. I’m waiting. – Garth

——————————

The title debunks itself. “No one is quite sure.”

Except that we are sure because we know how the political system in the US works. If the results are not clear on Nov. 3rd (I think they will be) Trump or Biden (he’ll do all the same things if he is not declared the winner) can ask for recounts in key states that were close. If he is still not satisfied he can take it to the Supreme court as Bush and Gore did. After those venues are exhausted if there still is no verdict the new Senate will elect a president, and it doesn’t have to be either Trump or Biden although I suspect it will be one of them. There is no path to the presidency beyond these means or certainly Hillary would have tried it.

If the article proposes some other fantasies I can’t tell because it is behind a paywall. I’m not going to subscribe to the New York Times because it is utter trash as far as Journalism goes. All conjecture 24/7 with the odd fact thrown in but usually misrepresented.

#61 Interstellar Old Yeller on 10.28.20 at 6:22 pm

Third, government stimulus will flow like Bandit’s drool over a liver treat, which is a sight you won’t easily forget.

Aww, Bandit, I’m sure you are very cute even drooly.

#62 Reality is stark on 10.28.20 at 6:27 pm

A good old fashioned socialist like Biden decimating a good old fashioned socialist country like Canada.
A bit ironic when you contemplate our new reality.
Crime will rise precipitously. A winery in Quebec had all it’s grapes stolen the night before harvest.
Remember what is yours is theirs. We all need to share.
You’ll see that the rule of law is not so strong in socialist environments (think California) as our courts begin to only see murder as a hard crime and all other crimes are simply misdemeanours.
If someone doesn’t want to pay rent for a year that is your fault for renting to them. They are not under any obligation to pay you.
Markets get hammered during a pandemic, you don’t need Nouriel Roubini to tell you that.
It’s what comes next that you are not going to like.
A consumer driven society with no one spending money.
Fun times.

If you think Biden is a socialist you don’t know what socialism is. – Garth

#63 Penny Henny on 10.28.20 at 6:27 pm

#52 Penny Henny on 10.28.20 at 5:46 pm
Love the headline on the link provided.

“How far might T____ go?”
“No one is quite sure”

Obviously with a headline like that it MUST be filled with facts and not opinion no?

So debunk it. I’m waiting. – Garth
////////////

Why would I go through the trouble when you will just ghost my comment.

We will hang on your every word, and no rebuttal. Go ahead. – Garth

#64 Looking up on 10.28.20 at 6:28 pm

#45 Apocalypse2020 on 10.28.20 at 5:21 pm
ONE WEEK TO GLOBAL CATASTROPHE!

Be grateful if you wake up at all in 7 days.

But Hell will only be beginning.

PREPARE

—————-

Oooooo I hear hell has hot chicks.

#65 KLNR on 10.28.20 at 6:44 pm

@#7 El presidente on 10.28.20 at 4:05 pm
The orange thing in a landslide…….

—–

literally, we can only hope.

#66 Pete from St. Cesaire on 10.28.20 at 6:44 pm

Anyone who thinks that the debt-fueled spending isn’t necessary doesn’t understand what is happening. It’s the only thing keeping food on your table in this economic collapse. At this point, without government intervention, the credit markets would dry up, the shelves would be bare, fuel would be unavailable because no suppliers would be accepting payment in any form other than gold (therefore the entire economy would grind to a halt). This debt will never be repaid, a FIAT currency is a debt by nature and can never be repaid, but that doesn’t matter anymore. You’re witnessing “The Great Reset”. So far, it has been managed well (that’s what the fake pandemic is covering for). I hate that this is happening, but it was inevitable ever since ‘we’ let privately-owned central banks and FIAT currencies rule our economy.

Again, you must understand what’s happening now. CERB, for instance, put food on people’s tables. I know, most people say that if it weren’t for the shutdown CERB wouldn’t have been necessary but they’re wrong. If the government wasn’t pouring out money, guaranteeing that interest rates stay at zero or perhaps go negative, backstop all of the banks (which by the way are all insolvent), and fund (by subsidizing) many other things that haven’t even come to light yet, the people would literally be starving.

#67 Linda on 10.28.20 at 6:47 pm

Bandit looks great no matter what. He’s just that kind of good looking guy:)

#68 Nonplused on 10.28.20 at 6:51 pm

#44 Paul B on 10.28.20 at 5:17 pm

“we would save more lives by banning hamburgers and milkshakes to lower heart attacks…”

Yes, but who would want to live in that world?

We could save a lot of lives by making the speed limit 30 km/h everywhere too. There is a reason the first cars didn’t have seat belts; didn’t need them! Too slow.

Other things we could ban: Air travel, downhill skiing and boarding, contact football, mountain climbing, swimming, boating, alcohol, smoking, pizza, taking selfies in national parks (more people die from this than from bears), and of course sex, especially between older gentlemen and their mistresses.

Sooner or later Joe Black shows up, so you may as well live a little. But the mask argument is stupid, it ain’t that big of a deal to wear one unless you are running a marathon.

As to Dr. Fauci’s mask flip flop, well, I think it makes sense. In the early days you couldn’t find one anyway, and the total number of cases was so low it was very unlikely you would run into someone who had covid. As the case count rose and masks became readily available, the math changed.

I saw today a study done in Oklahoma because they have some cities with mask mandates and some that don’t. The rate of new cases fell dramatically in cities that had mandates as compared to the ones that didn’t, although they did not go to zero.

http://www.hideoutnow.com/2020/10/masks-work-picture.html

Can’t confirm the veracity of that but as I always say, “for every study there is a counter-study, for every poll a counter-poll, for every statistic a counter-statistic, for every fact a counter-fact, and for every opinion a counter-opinion”.

#69 Wrk.dover on 10.28.20 at 6:53 pm

PQ has 722 dead/million

USA 703

Wowee!

#70 Steve on 10.28.20 at 6:57 pm

I have no fate that USA will have a fair election. Trump motivation is staying out of prison and establish a Trump dynasty. The Republican Party is control by people who want to win and not nothing about integrity or honesty.
The question is can we see the destruction of the union?
Given the confusion about USA election, could we see moves by China on Taiwan, and Russia on Ukraine?
These are interesting times. I am not buying gold, if this goes south. Nothing will save you.

#71 Hawk on 10.28.20 at 7:01 pm

For anyone who would care to savour and relish the failures of the “failing New York Times” and the “counterfeit news network” :-)

https://www.foxnews.com/media/cnn-ratings-plummet-lowest-three-years

https://www.statista.com/statistics/273503/average-paid-weekday-circulation-of-the-new-york-times/

It’s not all about eyeballs. – Garth

#72 RyYYZ on 10.28.20 at 7:02 pm

#11 tkid on 10.28.20 at 4:10 pm
Did the PM really use the word “sucks”?
==================================
Yes, he did. And while I don’t agree with our PM on a lot of things, I can agree on that. I suppose there may be some that will be offended by him using that language. But since we don’t tend to hear a lot of it from our politicians (“leaders”), used sparingly it probably has the desired shock value and makes him seem more in touch with regular Canadians.

#73 Mr Happy on 10.28.20 at 7:15 pm

Garth, I have been religiously following your stay 60/40 balanced and stay calm. I am still calm but I sold some of my profitable stock, took some capital gains and now have the cash (50k) sitting in the non-reg account ready to buy back in. I am thinking the S&P500 ETF- VFV. Once purchased I will hold long term. I know I cannot time the market but would love an idea of when to pull the buy trigger….. before or after the US election?

#74 SeeB on 10.28.20 at 7:16 pm

#4 Dogman01 on 10.28.20 at 4:03 pm

I am OK when an informed population has a clear discussion regarding the Social Contract and makes changes.

But instead of a social contract discussion in Canada it seems we are being subjected to a propaganda campaign, the “crisis” of Climate Change and “crisis” of COVID to force us down the path of Socialism. This is Classic “Shock Doctrine” tactics.

They tried to bring about “Social Justice” (Socialism) under the guides of Climate Change.
See Question 2 and the answer at 1:10 Min; https://www.youtube.com/watch?v=a-wAxnAG54U

Now they are trying again to use COVID as “cover” for the push for “Social Justice” (Socialism)
https://globalnews.ca/video/7427669/coronavirus-tam-says-pandemic-has-shone-a-spotlight-on-inequalities-in-canadas-health-care-system/

If we want to have a discussion in Canada as to growing economic inequity, why so much low wage work and under employment, then let’s do that. I think we will find that the root of a declining standard of living has nothing to do with Climate Change or Covid.
• Competing against more labour supply, via Globalization & Immigration
• Less global demand for “workers” – via Technology
• The “Red Queen” problem of wages up against Inflation

————————————————————–

Why has “Socialism” developed into the new red scare? Only the usual communist extremists are advocating for complete worker control of the means of production. What most reasonable leftists and centrists want is “Social Democracy” – “As a policy regime, it is described by academics as advocating economic and social interventions to promote social justice within the framework of a liberal-democratic polity and a capitalist-oriented mixed economy. ”

I know “Social Justice” has become a dirty byword for the spooky “L-L-L-LEFT”, *shakes fist at sky*, but why would anyone advocating others not to panic over Climate Change and Covid then try to scare people with that devil word “Socialism?

If we want to have a discussion in Canada as to growing economic inequity, why so much low wage work and under employment, then let’s do that. I think we will find that the root of a declining standard of living has nothing to do with Climate Change or Covid.

Great, lets do that. Covid has had a big impact today, but the wage issue has been a problem for decades.

• Competing against more labour supply, via Globalization & Immigration

A natural product of global capitalism and neoliberal free trade. Companies will seek cost advantages where they can, regardless of the fabic of the society they have their headquaters. This has been sold as a “good” for decades by all parties.

• Less global demand for “workers” – via Technology

Again, large companies seeking cost advantages, regardless of what harm this may do to the the nation where they hold their head office. The profit motive necessitates reducing wage costs where you can.

• The “Red Queen” problem of wages up against Inflation Competing again

So correct me if I’m misunderstanding, when wages go up, then prices go up, and if prices go up, then wages need to rise with them? Well, for the average person, that’s very true. But to contrast, corporate has had bumper year after bumper year, executive compensation has sky-rocketed, yet real wages stagnant:

https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/

Something is breaking the link between wages and inflation at this particular income level, while most of those below have less purchasing power than in 1973…

————————————————————–

And the solution to our problems is not Socialism. It is a Canada first Trade and Industrial policy with trade partners whom are not predatory totalitarian dictatorships. (whom wish us harm)

So basically capitalism with rules, which is literally the economic ethos of Social Democracy. I agree that we shouldn’t be seeking pure socialism or communism as the answer, as it’s led to dictators and demagogues, much like unfettered private ownership has in fascist nations.

Seek balance, like Garth always advises (in much more eloquent ways).

#75 dogwhistle on 10.28.20 at 7:17 pm

#60 Nonplused on 10.28.20 at 6:20 pm

I’m not going to subscribe to the New York Times because it is utter trash as far as Journalism goes. All conjecture 24/7 with the odd fact thrown in but usually misrepresented.

————————————————-

Probably because you can’t afford to?

Would you care to read the times from London instead?
Or Le monde from France?
Or El Pais from Spain? ‘dolce vita” might give us some Italian titles to read.

Everything in life is balance.

I read both The London times and The Guardian.

The Toronto Sun and The star.

Different points of view.

You could also try Scientific American or La recherche.

Alex Jones isn’t news, he’s a vitamin peddler, 45 seconds of looking up his business(es) info on opencorporates will tell you all you need to know.

Balance.

PS: if you have links to any RELEVANT information, from valid newspapers or magazines feel free to add it in.

The q-tip youtube channel from the latest kremlin or Beijing operative is NOT news.

#76 Apocalypse2020 on 10.28.20 at 7:19 pm

Satellite photos show activity at Iran’s Natanz nuclear facility

https://www.theguardian.com/world/2020/oct/28/satellite-photos-show-activity-at-irans-natanz-nuclear-facility

And what do you think China, NK and Russia are up to?

PREPARE

#77 dogwhistle on 10.28.20 at 7:25 pm

#62 Reality is stark on 10.28.20 at 6:27 pm

You’ll see that the rule of law is not so strong in socialist environments (think California)

————————————————

California would be the 5th richest country in the world if it was independent ( which it will probably never be because the water comes from outside Cali)

But yep, call it socialist. at least _____ isn’t a socialist and will let you freeze during a rally in Nuremberg, sorry Nebraska.

#78 Faron on 10.28.20 at 7:26 pm

Garth, can you consider handing this article to a “friend”? Fully understand if you wouldn’t want to publish here given potential copyright infringement. But, maybe it’s “fair use”?

#60 Nonplused on 10.28.20 at 6:20 pm

If the article proposes some other fantasies I can’t tell because it is behind a paywall

here, fixed it for you:

https://gofile.io/d/Idmzvr

If you don’t trust me, access it with a VM in private browsing then nuke the VM when you are done. Clean clean.

#79 Kat on 10.28.20 at 7:27 pm

Several friends are buying condos in Vancouver now as they feel it is never going down anyways and the government seems to always step in. Crazy to spend over a million on a box in the sky but I guess they can afford it and rates will be in the gutter for a good long while it seems.

#80 Cliff on 10.28.20 at 7:27 pm

A 1% positivity rate means you have to multiply 1% by the population to determine how many are likely infected at that point in time. Try it out Garth. It says that hundreds of thousands have had it by now, not just the pukey little numbers they report each day. You’re a numbers guy. Remember your statistics?

#81 Ponzius Pilatus on 10.28.20 at 7:29 pm

#63 KLNR on 10.28.20 at 6:44 pm
@#7 El presidente on 10.28.20 at 4:05 pm
The orange thing in a landslide…….

—–

literally, we can only hope.
————-
Ha,ha
Sailo’s sniffer dogs will locate him and dig him out.
And then it’s off to exile in either Poland or Turkey.

#82 El presidente on 10.28.20 at 7:31 pm

I have been mentioned 9 times already……… you can’t keep the orange ooze out…..presidential harassment

#83 conan on 10.28.20 at 7:31 pm

My take is that as soon as Trump suggested he might question the results, he sealed his doom.
Democrats who forgot to vote last time are definitely voting this time. More importantly, the multitudes of people who do not usually vote, well they are voting. Their task is to provide Biden with such an over whelming victory that Trump is trumped out of playing the revolution card.

He is going to be known as the Ice berg president. We only know 10 percent of his damage. The full extent of his stupidness will come out after he is given the boot.

#84 farout on 10.28.20 at 7:33 pm

#78 Faron on 10.28.20 at 7:26 pm
Garth, can you consider handing this article to a “friend”? Fully understand if you wouldn’t want to publish here given potential copyright infringement. But, maybe it’s “fair use”?

#60 Nonplused on 10.28.20 at 6:20 pm

If the article proposes some other fantasies I can’t tell because it is behind a paywall

here, fixed it for you:

https://gofile.io/d/Idmzvr

If you don’t trust me, access it with a VM in private browsing then nuke the VM when you are done. Clean clean.

——————————————————–

Reported for copyright infringement, I’m sure you’d love us coming over stealing your stuff?

Pathetic

#85 Barb on 10.28.20 at 7:34 pm

“…If you think Biden is a socialist you don’t know what socialism is. – Garth”

———————————
I was born in Zschopau in 1950.
Send Reality is Stark over for a visit…a long talk.

#86 BC Renovator on 10.28.20 at 7:36 pm

Great piece. Thanks Garth

#87 Figmund Sreud on 10.28.20 at 7:37 pm

What do we make of a few ugly days on the markets?
__________________________________

Well, … looks as those who actively participate in these markets have a hard time to conclude who – out of the two septuagenarians – hates socialism more. It’s true, …

Electing the one who hates socialism more is, … just perhaps, a bit more preferential for the well being of markets, … but in my humble opinion, not critical enough under the degree of differential. Either one will suffice, …

Best,

F.S. – Calgary, Alberta.

#88 David McDonald on 10.28.20 at 7:43 pm

There’s a 100% certainty a multi-trillion-dollar package will pass the US Congress, whether it’s before or after the vote——maybe not!
If Trump loses he might block further stimulus out of spite. This would be true to character and would postpone needed help until February at least.

#89 Jimers on 10.28.20 at 7:52 pm

Wow! Garth is finally expressing his wild-eye conspiracy theories. Welcome to the club! Opening your mind feels great eh?

#90 Lived in Van all my life ... on 10.28.20 at 7:55 pm

#56 Vancouver Stupidity on 10.28.20 at 6:01 pm
So Garth, I’d love to vultch a house here in Vancouver, but prices are still completely insane and disconnected from reality. Buying a condo looks like a good idea, but I’m saving my FTHBG for a house my family can live in – leaving the rental house I’m in to try living in a one bedroom condo with two toddlers makes no sense. When is Vancouver coming back to earth? Never?
———————————————–
Senior citizen now and I’ve only seen it happen once. And that was a looong time ago …

#91 espressobob on 10.28.20 at 7:57 pm

A few days of market pullback, boring. Don’t even smell any blood.

Hopefully Mr market will go into correction mode so a few of us can load up on some bargoons.

That would be so cool.

#92 Jimers on 10.28.20 at 7:58 pm

#38 Jim – There is no evidence Covid-19 evolved naturally.

#93 Toronto_CA on 10.28.20 at 7:59 pm

Faron, didn’t you say you were done with this blog?

I mean, I don’t want you to go, but try not to be Cher with the come back tours!

Sidebar, does anyone still think Sweden got it so wrong?

https://www.thesun.co.uk/wp-content/uploads/2020/10/VP-GRAPH-COVID-19-DEATHS-EU-1932-28oct-1.jpg

#94 Faron on 10.28.20 at 8:03 pm

#55 Camille on 10.28.20 at 5:59 pm

…unless you’re a hedge fund with the tools and knowledge…

Don’t be fooled into letting a hedge fund manage any of your money unless you are okay with it evaporating. It’s purely random if anyone beats the market which is why people like Garth and their steady hands exist.

Here’s circumstantial evidence if you care: I pointed out on Saturday (using analysis from themarketear.com from noon Friday; I swear I don’t work for them) that hedge funds were as all-in on equities as they had been in two years. Not only that, they were leveraged in so their losses stood to multiply.

https://themarketear.com/posts/cJF1Gg0wAN

Investors who short (probably hedge funds) were as least short as they have been all year.

https://themarketear.com/posts/ceOUWQZ6R8

Investors who buy VIX options (i.e. not anyone sane with B+D or retirement in mind) probably hedge funds, had bought more VIX puts (bets that the VIX would drop) than in the past four years. With that much interest, those would have been expensive. Now they are worth a lot less or even worthless depending on when they expire.

https://themarketear.com/posts/ceaZkQnw-c

Those people are hurting after three bad days and you wont here a thing about it on financial news. You’ll hear about the one person who timed it and made a bundle. Those people are vastly outnumbered by the ones who got killed the past few days and the media only reports the hero stories.

My Wealthsimple robo B+D? Down 1.43%. Snore. Peace of mind. The $1000 day trading account I use to de-fuse my desire to time the market? Down 3.4%. Don’t do it and don’t let anyone try to do it for you. Pay someone like Garth to firewall against any tendency to panic.

#95 Ace Goodheart on 10.28.20 at 8:06 pm

RE: #47 Dolce Vita on 10.28.20 at 5:34 pm

“YOU ARE SPOILED ROTTEN Canada with Gov handouts.

Message to you the N. American MSM, in the above you are:

CHILDREN BORN OUT OF WEDLOCK looking for quick click bait $$$.

SHAME. APOLOGIZE.”

Meanwhile, in the Great Canadian snowy wilderness, people are just going about their thing, with the usual Canadian docility.

We are like a bunch of milk cows. If some of us mistakenly wandered onto your field, it was an accident. We probably don’t even know that we are there. A couple of hard claps, maybe a push and a shove, and off we go to another field, apologizing as we retreat, unaware of what actually happened.

In Ontario, we have decided that COVID can be beat if we all just walk around each other, wear our face masks, and try not to socialize too much.

Our Premier has decided that graphs that go straight up, are actually going down.

And we take solace in the fact that, even though we are getting 1000 + cases per day (actually “infections” but they incorrectly call them “cases”), our deaths have flat lined and our hospitalizations are not increasing.

The snow falls on Saturday.

Heading up skiing as soon as the slopes open.

If I survive the winter…..

#96 not 1st on 10.28.20 at 8:24 pm

DELETED

#97 FriedEggs on 10.28.20 at 8:24 pm

I like breathing in my expelled carbon dioxide.

And taking the direction of Dr. Tam, i use it with my partner during sex – i dont like kissing her anyway

#98 SoggyShorts on 10.28.20 at 8:27 pm

#94 Faron on 10.28.20 at 8:03 pm
#55 Camille on 10.28.20 at 5:59 pm

My Wealthsimple robo B+D? Down 1.43%. Snore. Peace of mind. The $1000 day trading account I use to de-fuse my desire to time the market? Down 3.4%. Don’t do it and don’t let anyone try to do it for you. Pay someone like Garth to firewall against any tendency to panic.

*******************
My market timing exercise lasted a couple of months.
The task was simple: using any and all micro and macro factors from any sources to decide whether to gas up at 1/2 tank or 1/4 tank (a 2-day difference usually)
I really tried to find patterns and measure influences. I read articles and scoured the internet.
End result? 9/10 bad decisions.

#99 NSNG on 10.28.20 at 8:27 pm

DELETED

#100 Samantha Gibbons on 10.28.20 at 8:29 pm

Why is my Ishares 20 yr + US Treasury ETF down 5.37% in the last 3 months. I thought central banks like the US Fed was buying bonds to make interest rates lower. What gives here Garth.

#101 Reximus on 10.28.20 at 8:37 pm

to all the clowns that think the polls are wrong again, and trump will win:

At this time in ’16 the polls narrowed to 3.1 for Hillary vs from a Hillary advantage of +7, mostly because of the Comey letter. This time there is no Comey letter.

The Trump rallies are now working against him, because most voters think they are stupid covid spreading events. When I say most voters I mean not White Men Without College Degrees, his most important constituent. They are the only constituent that hasnt voted-early.

That’s why his current rallies are catering to the stupid, Lock Her Up crowd. Trump knows he’s done without these low information dimwits.

And Biden isnt Clinton

#102 TurnerNation on 10.28.20 at 8:41 pm

#23 SoggyShorts -yes they do. Facebook is the largest purchaser of private Marketing Databases in the world. Including credit card records. Their profile on your is only ever MINUTES old. Think about that. By the time you load your shopping into the trunk…they know.
Anyway the whole time the apps on on your phone were communicating with the marketing beacons set up all over the store. Not to mention Wifi and cell location data, plus the front and rear facing cameras and microphone; not to mention GPS data (GPS is owned & by the US military – nothing to see here..). Which is why Facebook requires government-issued photo ID uploaded in the event you try and confuse their facial recognition algos. Everyone has a shadow FB profile even if not registered.
Now you know what this technology is all about.
YOU.
Off the shelf you can buy a database of millions of sounds. Write a fun app, include this microphone permission (most do). Now the app can ID the make and year of car you are driving, to help point out your economic worth. So many sounds. It interprets your mood based on voice. Typing recognition algos; it knows the angle, when you sit down with phone in hand.
Always learning, remembering. It never forgets. It builds and builds and predicts your life.
The Doppler effect maps out a crude map of your home. Even Roomba robot vaccums to this. Guess what this tech is a decade old or more. I wonder what they have now…

#103 yorkville renter on 10.28.20 at 8:45 pm

Fox is tje highest rated because they compete with no one…
CNN competes with everyone else.

its really that simple

#104 the Jaguar on 10.28.20 at 8:48 pm

” A record 67 million people have already voted.” – GT

Not surprising. My guess is they did so to avoid the’ burning, looting, and general mayhem’ certain to accompany the election night results. Won’t matter who wins or loses. It’s gonna be a ‘Rumble in the American Jungle’. Those same strategic thinking peeps might also retreat to their ‘Cuban Missile Fallout Shelters’ or equivalent to avoid the radioactive debris sure to be flying through the air and airwaves.
Oh me. I just love mid century nostalgia. I might have to mix up a ‘Presidente Cocktail’ and dress up in a Fidelista fatiques while watching the election results roll in that night. I just wish the brilliant Tim Russert was still around to make it interesting. Quality is so hard to find these days.

All this election and virus fixation is understandable, but it’s a worry that it distracts from the other very real issues of the day. Like people’s livelihoods and ability to provide for themselves and their families. The stakes are high and the waters uncharted. Uncertainty and despair are similar to an iceberg. You can see what’s above the surface of the water, but what’s below is unknown and troubling. Beware sudden impact. And only two months before year end when the pressure on families to ‘deliver’ those big seasonal dreams and expectations lie ahead.

If ever there were a time to be mindful and observant and hold out a helping hand to neighbours and strangers in need, this surely is the time. Seniors, dogs and cats out there who might need a safety net or act of kindness. Faith, Hope, but especially Charity.

#105 Faron on 10.28.20 at 8:51 pm

#93 Toronto_CA on 10.28.20 at 7:59 pm

Faron, didn’t you say you were done with this blog?

I’ll take the Cher reference as a compliment. No, I said I was going to stay on topic but I keep letting myself get sucked in with the misinformation that’s dumped here among the comments on the regular. As a scientist, I feel like it’s my duty to hammer down on that kind of crap. Could you imagine if the rest of us started to tell you how to be an accountant? That the way you are doing your accounting is a socialist conspiracy? Maddening, right? You probably have the self control to not rant and rave about it, but I don’t seem to right now. Regardless, definitely wearing, or have worn out, my welcome here with Garth. I mean, I’m tired of me.

W/Re Sweden.

Horse’s mouth is here: https://www.government.se/government-of-sweden/ministry-of-health-and-social-affairs/

I can get behind everything there.

Second, they are still top 17 in the world in killing their people, worse if you take out nations with small populations and skewed numbers. Twice as bad as Canada. They may be doing the right thing now, but they admit to having blown it with regard to their elderly early on.

Still, I grant you that their response has been careful and considered, but will counter that it only works in a nation that’s not full of conspiracy-minded goons that refuse to do anything ’cause mah rights! I’m listening to their July presentation on their response and the term “shared responsibility” just came up. That kinda works in Canada and not at all in the US where Freedom/MAGA prevails at any cost. I hope you can recognize that fact.

They are a country where the citizens and government follow guidance of health scientists.

They do have substantial measures in place. WFH is in place. Social distancing if mandated in restos.

They pay people to stay home if they are ill.

Finally, as you have said, it’s not over.

Sweden is a well educated society with socialized medicine and a very strong social welfare system and a population who believes what their health advisors say. Tell me, does that apply here in Canada? The US?

#106 Apocalypse2020 on 10.28.20 at 9:21 pm

Useful NYT article from our host. Been thinking along those lines for some time about how this election will explode and results will be twisted into civil war.

Expect violent attacks against media outlets like CNN. The current extremism of information filters will be even more exacerbated as media themselves are targeted.

You’ll be glad to still have a working radio after next week.

And with Solar Cycle 25 with us now it would be smart to pull your old CB radio out of storage for the times ahead.

Major disruptions coming. Starting in just days. No times like this have been seen for generations.

PREPARE

#107 Faron on 10.28.20 at 9:21 pm

I take back anything positive I said about Sweden. This article is pretty damning.

https://time.com/5899432/sweden-coronovirus-disaster/

#108 crowdedelevatorfartz on 10.28.20 at 9:26 pm

Meanwhile on another planet the Cullen Commission in BC of criminal corruption of the BC casinos rolls on
In the first 9 months of 2012 $63 MILLION dollars in cash was brought in to BC casinos….
$44 million of that cash was all in $20 bills…………
One particular gambler brought in $1 million dollars in $20 bills in 3 days ……

BC Lottery officials stated to the commission that they never considered putting a “caps” on cash deposits.
They also felt that people bring duffel bags of $20 bills wrapped in elastic bands was , “None of their business…”

The BC Liberal party and its leaders have a lot to answer for…

#109 n1tro on 10.28.20 at 9:34 pm

I was at the GoodLife gym yesterday. Apparently, the new policy is to make everyone wear a mask while working out. I was on the treadmill at the time and was thinking WTF?! This is on top of already limiting users in the gym and spacing out all the equipment. Talk about the cure being worst than the sickness.

#110 crowdedelevatorfartz on 10.28.20 at 9:43 pm

@#47 Dolce Vita
“YOU ARE SPOILED ROTTEN Canada with Gov handouts.”

++++
True….and cynics like moi might opportune that all that cash…… may help buy Trudeau’s re-election in a majority govt

#111 tccontrarian on 10.28.20 at 9:44 pm

Question:
“What do we make of a few ugly days on the markets?”

Answer:
Profit (but only if you’re shorting the begeezus out of it)

Quite a bit more to come – as stated here several times.

tcc

#112 crowdedelevatorfartz on 10.28.20 at 9:48 pm

@#53 Democracy is mob rule

Interesting article that refutes most pollsters out there.
Scary for anti Trumpsters like me……

#113 Gravy Train on 10.28.20 at 9:55 pm

#60 Nonplused on 10.28.20 at 6:20 pm
“The title debunks itself.[…]” So why do you read Garth’s blog if you disagree with everything he writes? For your info, his sources are far more reliable and credible than yours. BTW, where DO you get your indoctrination? :P

#114 crowdedelevatorfartz on 10.28.20 at 9:56 pm

Another totally off subject comment.

Anyone watch “The Queen’s Gambit” on Netflix?

Great limited series plot with unbelievably accurate “sets” for 1950’s and early 1960’s background shots.

Even when the dialogue was a bit slow….the locations, the costumes, furniture, vehicles , etc were bang on.

A great Netflix binge.

#115 Bill on 10.28.20 at 10:01 pm

#23 SoggyShorts
—————————

Hey Soggy
I can see you can Google (The antichrist) CENFEN.
I didn’t say anything about deposits I could care less. I have $25,000 hitting one of my account every month. It ain’t cash.
I rack up CCs that pay upto 3% cash EOY but never paid a dime on int on millions of $s in purchases. I run all my business through them.
I like to have $10k cash in my coffee can just for emerges.
And I would even say squat to ANYone how much coinage I’ve got off the radar, most people would Sh*t themselves. I bought buckets of pre 68 CND silver. For a few $ ea when they were out of favor 20 years ago. They hold their value. That’s REAL money.
https://www.ebay.ca/itm/1-1958-to-1967-80-Canadian-Silver-Dollar-Average-Circulated-Random-Year/312083481495?hash=item48a9a00397:g:rG8AAOSwKQNfW9kZ

I like to grab my rum or any other personal needs with CASH.
Hey the future maybe buying everything with your tracking device or maybe some prefer a chip injected to their arm. Hey hell you cant forget it like your wallet!
Just pray there’s no EMP lurking.

There’s place for both forms but I love a pile of cash in my wallet….I’m generous cause I can be, so pretty easy to hand someone cash if their stuck.
In the end Its all about getting more taxes….sorry about your garage sale, they will tax that too.
I cut 1/2 cord of fir today $150 worth for fun and exercises! Tax that T2 you SOB.
Read and heed it all about control.
https://www.armstrongeconomics.com/world-news/cryptocurrency/bill-gates-pushing-to-eliminate-physical-money/

Garth I think the selloff is the Bug setting in again…fears of a deeper recession or even the D word.
Less about the election but that’s uncertainty as well.
I think the Central backs are crapping themselves and are Soooooooooo trapped. A deflationary selloff scare indeed but getting close to support.

#116 Dispirited on 10.28.20 at 10:20 pm

Thanks for all you do on the blog Garth .”in a meta anylysis , face masks were found to have no detectable effect against transmission of viral infections, it found” that compared to no masks, there was no reduction of influenza-like illness cases or influenza for masks in the general population, nor in health care workers” -T Jefferson, M Jones, et al. Physical interventions to interrupt or reduce the spread of respiratory viruses. MedRxiv. 2020, April 7.
But hey in 2015 as reported in UBC -news 800 million viruses rain down on you daily per square meter. And you thought you were safer outside. Those that make you believe absurdities can make you commit atrocities.
Here on the left coast where median age of death from all causes is 80, CV19 has a median age of death of 85. With a death rate well below the cdc, WHo estimates of flu/pneumonia deaths in Canada of 7.73 per hundred thousand…..bc has 260 deaths….5.2 per hundred thousand…….it’s all good. But hey why worry about a virus you can slow, but not stop or affect mortality when Klaus Schwab says in 10 years you will have nothing and be happier for it. Basement dwellers have united and taken over. Btw masks don’t stop viruses, your immune system does…..try 4000 vit d daily, that is also backed by dozens of studies, but hey big pharma can’t profit from that can it.

#117 Steerage on 10.28.20 at 10:23 pm

#112 crowdedelevatorfartz on 10.28.20 at 9:48 pm

@#53 Democracy is mob rule

Interesting article that refutes most pollsters out there.
Scary for anti Trumpsters like me……

So MF who thinks Toronto is the centre of the Universe is a trumper…. yet ole fartz who thinks everyone is a commie is an anit-trumper…

and this is why polls are so often wrong! well maybe the spyware on your phones knows the real truth…

#118 Ronaldo on 10.28.20 at 10:52 pm

#109 n1tro on 10.28.20 at 9:34 pm
I was at the GoodLife gym yesterday. Apparently, the new policy is to make everyone wear a mask while working out. I was on the treadmill at the time and was thinking WTF?! This is on top of already limiting users in the gym and spacing out all the equipment. Talk about the cure being worst than the sickness.
————————————————————–
That is not a cure. Check out what the WHO has to say about that.

https://www.who.int/images/default-source/health-topics/coronavirus/myth-busters/mythbuster—masks-and-exercise.png

#119 mark on 10.28.20 at 10:59 pm

Well just so happens some ballot machines in Texas could not read 22 ballets.
In New York 100,000 ballets unreadable. You know who is all over that!
Its going to be one wild ride………..

#120 Fraser on 10.28.20 at 11:14 pm

I’m going to chime in. Not wearing a mask is not mass murder. We need to realize that 283,000 people in Canada died in 2018. Here’s stat can link https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1310071001. As of right now we’re sub 10k in covid deaths in all of Canada. In BC we have 289 dead as of yesterday. CDC came out and stated only 6% of covid deaths are actually covid related. We obviously need to take into consideration people’s medical conditions prior to their death and unfortunately doctor’s needed to figure out protocols and most likely were too invasive at times in treatments ie too many intubation’s.
We need to get back to normal and stop with this half in pretend approach. Those with medical conditions and hypochondriac’s can glove and mask up all they want. Let’s get people to open their businesses full bore and let the market dictate things. Let people choose there own fate. I’m sick and tired of these autocratic governments pretending to be SJW. First and last comment for a long time.

#121 AisA on 10.28.20 at 11:14 pm

DELETED

#122 Wait There on 10.28.20 at 11:17 pm

If you think Biden is a socialist you don’t know what socialism is. – Garth

Not sure how long Biden will remain president. The pressure will be Yuuge. Think he can last a year or two before we have the prospect of potential president harris and the AOC gang . If Harris takes over…who’s Pelosi and Schumer anyways. It’s going to be a wreck of a show if Biden croaks and the risk again is yuuge. Watch him walk slowly with his back hunched over and listen to him. That’s the reason Obama did not want him to run, the job will finish him faster than Covid will go away.

#123 Ronaldo on 10.28.20 at 11:20 pm

#109 n1tro on 10.28.20 at 9:34 pm
I was at the GoodLife gym yesterday. Apparently, the new policy is to make everyone wear a mask while working out. I was on the treadmill at the time and was thinking WTF?! This is on top of already limiting users in the gym and spacing out all the equipment. Talk about the cure being worst than the sickness.
—————————————-
https://www.facebook.com/WHO/videos/1038801636582076

#124 45north on 10.28.20 at 11:36 pm

Well, speculation grows a certain American president that this blog cannot name (until after  Wednesday) may not cede power if he loses the vote on November 3rd.

Here is a scenario, sketched out by Edward B. Foley, a professor of constitutional law at Ohio State, in his 2019 paper “Preparing for a Disputed Presidential Election: An Exercise in Election Risk Assessment and Management.”

Unlike Edward B Foley, William Barr, is the Attorney General. He is talking about a plan to remain in office if Donald Trump loses the election. “You would think if there were a plan, I would have heard about it”.

The market looks like it’s selling on news. In our view, Trump is surging again. He’s got a big hill to climb. But that makes the election now very difficult to call. Markets hate uncertainty. Biden has the numbers but will they hold? A record 67 million people have already voted. We are heading for a record turnout. Probably outside the statistical parameters that they have been using to make forecasts. The news about CVD is anything but good.

The news about Joe Biden is anything but good. Emails from Hunter Biden’s laptop prove that “the big guy” sold out (to the Chinese Communists). Tony Bobulinski is Hunter Biden’s former business partner. Bobulinski’s testimony authenticates the emails.

I’m a Canadian. Live in Canada. I’ve figured this out. If Americans figure it out, Joe Biden will lose the election. Lose worse than George McGovern did in 1972. The Democrat Party chose Joe Biden. They didn’t just choose him, they cast their lot with him and he with them. If he goes down, they go down.

#125 TurnerNation on 10.28.20 at 11:40 pm

I’ve been pounding the table, this is all about restricting our movements, as cattle. And, later on our feeing and breeding.
You are free to leave at any time. Just take the damn test already!

https://www.nbcnewyork.com/news/local/all-suny-students-must-be-tested-for-covid-before-thanksgiving-break-most-schools-switch-all-remote-after/2689470/

New York’s public university system is requiring students to test negative for the coronavirus before they can leave for Thanksgiving break in hopes of preventing community spread as students fan across the country.

#126 jay tremblay on 10.28.20 at 11:43 pm

#47 Dolce Vita on 10.28.20 at 5:34 pm

Seriously! Does anyone come to this blog to listen this guy spout off ad inifinitum? Soon as I see that he has written the post, I skip over it immediately. Do us all a favor and get your own blog. Or maybe a hobby; perhaps even a life …..

#127 Nonplused on 10.28.20 at 11:44 pm

#113 Gravy Train on 10.28.20 at 9:55 pm
#60 Nonplused on 10.28.20 at 6:20 pm
“The title debunks itself.[…]” So why do you read Garth’s blog if you disagree with everything he writes? For your info, his sources are far more reliable and credible than yours. BTW, where DO you get your indoctrination? :P

————————-

I don’t disagree with much of what Garth says, but every now and then he throws a zinger out. I think he likes to shake the hornet’s’ nest. And I didn’t really disagree with him or the article there either, other than I could have been more clear that this “Trump won’t leave” hysteria is just that, whether it is in the New York Times or not. They are just selling ads. A little reality check indicates there is no mechanism for Trump to retain the presidency if due process declares Biden the winner. So we can all swallow a big chill-pill about this. There isn’t going to be a military coup.

I see it as “framing” by the left. The articles are written is such a way as to “frame” the outcome as Biden wins being the only possible outcome. They did that for Hillary too. I say we won’t know until Nov. 4th at the earliest and despite what riots there be in the streets the transition of power, if required, will be peaceful. It could be a long drawn out thing like Bush vs. Gore, but nothing more. And Biden is just as likely to instigate it as Trump. If the outcome is not plainly clear, the loser will follow the same play book.

And who says Garth’s sources are more reliable than mine? None of them are very reliable. There is not much out there in the way of journalism anymore, it’s all opinion pieces. You can’t even talk about our energy predicament anymore because nobody can agree on the mathematical facts.

#128 Nonplused on 10.28.20 at 11:48 pm

#92 Jimers on 10.28.20 at 7:58 pm
#38 Jim – There is no evidence Covid-19 evolved naturally.

———————-

And also no compelling evidence that it did not. But it is here either way.

#129 Charles LeVoir on 10.28.20 at 11:50 pm

DELETED

#130 Nonplused on 10.29.20 at 12:16 am

#113 Gravy Train on 10.28.20 at 9:55 pm

PS,

Even though Trump’s odds don’t look good right now, if he does pull it off, the economy recovers, he builds some more wall, brokers a few more peace treaties, and China and Russia come to the table, Pence will be a shoe-in in 2024. Then in 2032 The US gets their first ever female president, named Ivanka. She’ll also be the first practicing Jew to hold that title.

Yes I know that is wild and total speculation, so don’t bust my chops. If Biden wins they go down a totally different path. It’s like 1955 in “Back to the Future”. All the timelines converge here. Let’s hope Marty and Doc know what they are doing.

#131 Dispirited on 10.29.20 at 12:30 am

Hello folks….the info war is on in regards to face masks…in a meta analysis the researchers state “ The evidence is not sufficiently strong to support widespread use of facemasks as a protective measure against COVID-19. However, there is enough evidence to support the use of facemasks for short periods of time by particularly vulnerable individuals when in transient higher risk situations. Further high quality trials are needed to assess when wearing a facemask in the community is most likely to be protective.“ -J Brainard, N Jones, et al. Facemasks and similar barriers to prevent respiratory illness such as COVID19: a rapid systematic review. Again I will state there are no random controlled trial studies ( the highest bar of research, evidence) to show conclusively that masks worn in the community are protective against viral pathogens. My own mother in-law has had portions of her lung removed due to lung cancer several years ago, and I tell her to only use a surgical mask once, put it on just before going shopping and remove it, trash it and disinfect your hands after, she is 75. Btw lung cancer is stage 4 cancer , she has had it for five years and has not succumbed as she follows a keto diet and the Rick Simpson protocol with full spectrum thc oil we buy in the free market….which our government made illegal.

#132 WUL on 10.29.20 at 12:32 am

#104 the Jaguar on 10.28.20 at 8:48 pm

AB…AB…AB…

JAG *,

Hello from the Sub-Arctic in Ft. Mac. Tough times here.

Your comments are strong and resonate with this Albertan. Keep them coming.

I miss my ole home town of Calgary and the homestead in the SW quadrant but I will be down there for 10 days over the Solstice.

Despite my dislike for my two children there.

Hi FLOP, you crazed Tasmanian.

WUL

* (Judge Advocate General – The Senior Legal Officer in the Canadian Armed Forces – now Commodore Geneviève Bernatchez the first woman appointed to the role.)

#133 Uncle Charlie on 10.29.20 at 12:32 am

Not far from the truth …
https://www.youtube.com/watch?v=TN7s0-FuIEM

#134 willworkforpickles on 10.29.20 at 12:42 am

#88 David Macdonald
“If Trump loses he might block further stimulus out of spite. This would be true to character and would postpone needed help until February at least.”
………………………………………………………………………………………………………….

The opposite approach to vote buying democrats perhaps.
Buy votes with generous charity now Dems or reward you if you vote Republican and they win after the election
Polar opposite thinking between the two party’s…makes sense anyway.

#135 Nonplused on 10.29.20 at 2:03 am

More whacked stuff out there folks.

Supply chains aren’t bad but they are still out of whack. Items like Lysol still are not to be found. I was at Costco the other day and they had no Coke, Ginger Ale, or Ice Tea, but lots of Pepsi. No Alfredo sauce going on 2 months now. Still one per customer on TP but all the masks and hand sanitizer you could fit in a cart. So this is when things are good. Remember, 2 is the new 1 in the pantry. A new lockdown could cripple supply chains, which is why many voices don’t want to do it.

The supply chains are partially crippled now. Try ordering something online on Amazon that ships from the states. It gets here pretty quick if you pay for express but then it just sits in limbo for at least a week because FedEx can’t handle the duty and taxes fast enough. Even if you phone them, sit on hold for half an hour, and pay the fees, they put it to the wrong order and still won’t ship until accounting corrects it and trust me I got collection notices from FedEx 2 months after I got a pink receipt showing I paid the fees but they put it to the wrong order. It was one of our orders but one long settled. Accounting had to fix it manually and apparently this is one of the jobs Garth is skeptical about WFH. Somehow, 2 months after I’d paid the bill and FedEx manually released the item I got a collection notice because accounting is so far behind. I have the receipt. I have the Visa record. I paid it. And people think mail in votes are going to work. Maybe if they have 2 months. And everyone phones in. Twice. Over $15.87. Paid, but misallocated.

But anyway the main point of this rant is front load washers. It irks me to no extent that something like a washer can be designed to last only about 10 years. Something like that should last 25 years like they did for my grandparents. I hate the idea of sending it off for recycling, where most of it will land in the landfill.

But what I have come to hate even more than that is “front load” washers. What a pile of crap I don’t care if it uses less water. It also has what is called a “door bellow”, which is a big piece of rubber that absorbs the “shakey-shake” of the spin cycle and the door. Guess what happens? It splits and wrecks the ceiling in your basement. Which is why if you check it out top loads are all the thing again even though they use more water. Front loads will flood your house about once every ten years and then you have to fix all that too.

So I found the leak in the bellow, and confirmed to my repair company what was wrong so I didn’t need to call-out fees. Guess what? They can’t get the part because of covid/hurricanes. What am I supposed to do? I can’t get the part either. We are running out of clean underwear.

So I could order a new washer and dryer but guess what? Those aren’t coming anytime soon either. I think by January they won’t be coming at all.

So for you preppers, add new appliances to the list, all of them, and do not buy a front load washer. Piece of crap. The energy efficiency is totally negated by the damage it does to you house when it starts leaking, which it will. H3 is like a windmill. Seems like a good idea if you don’t mind the fact that they all go to the landfill after killing 20 years worth of birds. Get a top load. That’s what I am going to do once I can. Right now I can’t do anything but put a piece of Gorilla tape over the tear and hope for the best.

Stupid government regulations. They never think about what happens 10 years down the road.

#136 willworkforpickles on 10.29.20 at 2:05 am

#74 SeeB
“If we want to have a discussion in Canada as to growing economic inequity, why so much low wage work and under employment, then let’s do that. I think we will find that the root of a declining standard of living has nothing to do with Climate Change or Covid.”
……………………………………………………………………………………………………..

I posted yesterday in regard to Biden intending to raise the minimum wage to $15 an hour if elected and how it would cause many marginal business operators to go under (not well taken) …the irony in it can be seen already in what it has done to many small employers in Canada even before cv-19. Small operators such as neighborhood restaurant owners for one were forced out of business when minimum wages increased to $14 CAD per hour. Sole proprietors (I know of 2 up in Canada personally) who struggled before the min. wage increase and went out of business soon after the increase was put into effect well before the virus fiasco arrived.
Who can fix the fix were in?
Attempting to fix a broken system with a solution from a government that is solely responsible for the damage done to begin with offering a fix that does more damage…?
In the old days when things were normal (as I’ve said many times) government would let business alone for the most part to run its course and reset on its own allowing for a periodic shaking out of the deadwood and normal reset.
We could fix the system what needed to be fixed and carry on in the old days.
With piles and piles of government intervention into every nook and cranny of business and our lives there is no real fix for the fix were in.

#137 Nonplused on 10.29.20 at 2:21 am

So, PS, why is the economy going to hell in a handbasket?

Well, if the repair men and women that normally do repairs can’t get parts, how can they work? Even if I would pay them to work?

McDonald’s in my area no longer sells “Angus Beef” because the can’t get it and they are importing beef for their regular hamburgers from Brazil. It’s on their website. Folks, shit is getting real.

Don’t trust Garth about these things, remember he used to sell solar panels and power stations. He was ahead of his time. He’s right about long term trends, but of all the years you could prepare for SHTF this is it.

#138 majik on 10.29.20 at 2:58 am

“herd immunity theory is nuts.”

I have to respectfully disagree there. Herd immunity has become a verboten dirty word because of the politicization of the pandemic. But without herd immunity over tens of thousands of years we would not exist as a species.

#139 Diamond Dog on 10.29.20 at 3:44 am

#40 GrumpyPanda on 10.28.20 at 5:09 pm

Thanks, wasn’t on my radar, new corp, new product, interesting.

https://treborrx.com/

#58 Dolce Vita on 10.28.20 at 6:14 pm

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

It takes 3 or 4 weeks before deaths start showing up. We should see fatalities tick up in Italy soon, unfortunately. As people are herded indoors from winter, viral loads of infection will rise. I fear that December on we will see uncomfortably higher CFR’s. It really depends on whether hospitals get over run. If we see that, fatality rates… On the plus side, health care is has experience, we’ve seen this virus for a while now so that will help. Hopefully we’ll see it from a deficiency angle, note just how important Vitamin D and Zinc are to the immune system and how widespread deficiencies in D and Zinc are in the global population and give covid infected and encourage high risk workers to take these supplements. Time will tell.

#92 Jimers on 10.28.20 at 7:58 pm

Actually, Eco Alliance found a near exact virus match to Covid19 3 years ago, with hundreds of virus’s and strains taken from a bat cave in Borneo. They were surprised by how close a match it was, as virus’s commonly mutate. The Covid19 could have made its way from an infected agricultural worker in the area to Wuhan, or through live markets. Eco Alliance tested the villagers in the area and found bat to human transmission locally, not with Covid19 in particular, but with other virus’s from bats. And, the guy who’s name we aren’t supposed to mention didn’t help there either in ending a U.S. grant that would have funded them through 2024. Unwise, obviously:

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

#140 SoggyShorts on 10.29.20 at 3:45 am

#115 Bill on 10.28.20 at 10:01 pm
#23 SoggyShorts

You sound like a lunatic.
“Beware the EMP!”
do you really think that if the banking networks get fried people are going to trade goods & services for your rocks and paper?

At least canned goods and ammo would make some apocalyptic sense, but your $10K emergency fund is ridiculous.

Bill Gates seeks world domination, but I chopped some wood today!

You’re a nutter.

#141 Toronto_CA on 10.29.20 at 5:21 am

#107 Faron on 10.28.20 at 9:21 pm
I take back anything positive I said about Sweden. This article is pretty damning.

https://time.com/5899432/sweden-coronovirus-disaster/
_____________

And yet, Sweden’s death counts are minimal in October while the rest of Europe is looking at worse than the Spring for deaths, cases and hospitalizations.

If this is a tortoise vs hare situation, you don’t declare the winner after the first mile.

Also ignores the many, many drawbacks of mandatory national lockdowns that Sweden has largely avoided and everyone around them is doubling down on for the indefinite future.

#142 willworkforpickles on 10.29.20 at 7:42 am

If our governments would step back and let the economy correct as it did in recessions past without intervening to save the deadwood that would normally be eliminated, the end result would be astounding but nothing short of devastating in the interim. The bloodletting would be great, but the system would correct after a grueling period of time…a normal market would return…RE would shakeout…prices normalize and the road to economic ruin our governments have us on could be averted.
The brave leader to orchestrate measures resulting in such an effect would be booted in the next election perhaps…is there someone left in the world who would do what it would take to secure our/your nations future to some former elevated state of glory at the risk and potential cost to his/her own career.
Is it too much to expect?
…by what we’ve come to and where were at it is.

#143 crowdedelevatorfartz on 10.29.20 at 8:04 am

117 Steerage

Time to upgrade your cabin, the ship is about to hit an iceberg…

#144 maxx on 10.29.20 at 8:34 am

Tiff wants us all to go out and spend, spend, spend. Our civic duty for the economy.

Like Hades I will. I’ll save, save and double down saving again. TFSA, RSP and yummy non-reg savings.

What the results of chronic low rates and bond buying will all cost in increased taxes and inflation later on will be epic and mucho more dinero will be required.

Christmas is likely cancelled anyways…..

#145 Looking up on 10.29.20 at 8:45 am

#143 willworkforpickles on 10.29.20 at 7:42 am
If our governments would step back and let the economy correct as it did in recessions past without intervening to save the deadwood that would normally be eliminated, the end result would be astounding but nothing short of devastating in the interim. The bloodletting would be great, but the system would correct after a grueling period of time…a normal market would return…RE would shakeout…prices normalize and the road to economic ruin our governments have us on could be averted.
The brave leader to orchestrate measures resulting in such an effect would be booted in the next election perhaps…is there someone left in the world who would do what it would take to secure our/your nations future to some former elevated state of glory at the risk and potential cost to his/her own career.
Is it too much to expect?
…by what we’ve come to and where were at it is.

————-

Wow brilliant plan. Let the economy go into a depression to get rid of the “deadwood”. So in summary let economic ruin happen to avoid economic ruin in the future???????

Sooooooo glad you’re not prime minister.

#146 James Carter on 10.29.20 at 8:51 am

DELETED

#147 Sue on 10.29.20 at 8:55 am

#136 Nonplused on 10.29.20 at 2:03 am
Sorry Garth I know its not a washing machine blog.. But nonplused. Try aquaseal. It saved me on the seal of a miele. My tear wasnt huge. I also use it to patch hipwaders amazing stuff. You can buy at mec 10 bucks. Store it in the freezer and it lasts along time. Good luck

#148 SOMETHINGS UP! on 10.29.20 at 8:56 am

“Second, never, ever, ever (ever) forget this will pass. Pandemics are temporary, not permanent. Even if a vaccine never arrives, the virus would burn out in time.”

https://www.usatoday.com/story/news/politics/2020/03/24/coronavirus-trump-sets-easter-deadline-reopen-country/2912854001/

https://www.disabled-world.com/definitions/lists/incurable.php

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

#149 Millennial 1%er on 10.29.20 at 8:58 am

buy the uncertainty!

#150 justdeleteitifyoudontlikeit on 10.29.20 at 9:05 am

#116 Dispirited #132 Dispirited

Garth, will you get this GARBAGE off your blog. The paper referenced in #116 says the OPPOSITE of what the poster claims. The poster puts words in quotes, but google can’t find those phrases anywhere on the internet, with or without spelling corrections. I don’t know whether it’s stupidity or malice, and I don’t much care.

#151 Gig on 10.29.20 at 9:06 am

Mass murder Garth ?

Good grief . Check out the data on Canadian deaths

less emotional,more rational .be better

The reference was to allowing herd immunity by dropping public health measures. Yes, mass murder. – Garth

#152 Manuel on 10.29.20 at 9:08 am

We just closed with RBC for 1.69% 5yr fixed. Kinda nuts. We used to pay down the mortgage first but have no shifted course to invest more instead.

#153 Paul on 10.29.20 at 9:20 am

#138 Nonplused on 10.29.20 at 2:21 am
So, PS, why is the economy going to hell in a handbasket?

Well, if the repair men and women that normally do repairs can’t get parts, how can they work? Even if I would pay them to work?

McDonald’s in my area no longer sells “Angus Beef” because the can’t get it and they are importing beef for their regular hamburgers from Brazil. It’s on their website. Folks, shit is getting real.

Don’t trust Garth about these things, remember he used to sell solar panels and power stations. He was ahead of his time. He’s right about long term trends, but of all the years you could prepare for SHTF this is it.
————————————————————————————————
Ah yes the supply chain,
I needed some appliances Washer/Dryer waited Five weeks for delivery did two loads the dryer flames out. A week later the repair guys tells me no parts so they need to get another dryer non to be found so I’m offered to exchange both great I say when 5 to 7 weeks.
But at least I got to me The Maytag man.
This is from a big company.
One more thing try and order a freezer.

Not my brand but Electrolux plant has been shut down since March.

#154 Spencer on 10.29.20 at 9:21 am

So should we buy that downtown Toronto condo now or not?

#155 Dharma Bum on 10.29.20 at 9:25 am

Took the Harley if for an oil change yesterday. Nice fall ride – still a few colourful leaves left on the trees.

While I was waiting, I browsed around the showroom. Found a nice “bandana” with a velcro fastener.
It has a half a skull face on it.
I bought it.
It will be my new “mask”.
I will walk into the bank wearing it, with dark sunglasses.
Walking in bare faced could get me in trouble.

#156 Dharma Bum on 10.29.20 at 9:27 am

Covid Preventer – GUARANTEED!

https://www.ebay.com/itm/Harley-Motorcycle-Skull-Face-Biker-Bandana-Mask-Scarf-Bandanna-Headwrap/252480522689?hash=item3ac90309c1:g:EusAAOxyjP1R0P8A

#157 TurnerNation on 10.29.20 at 9:46 am

#138 Nonplused on 10.29.20 at 2:21 am so why would you say this is occuring and now? We have so much technology and knowledge and everything else. Most educated workforce. No wonder they distract us with Mars tales.

Yet the First World countries are being systematically destroyed.
By whom? What does the -19 stand for?
Some point out, A is the first letter of alphabet, 1
The 9th letter is I.
A.I. – Artificial intel. I’ve posted for months on there they I think most of the #s on the telescreens are made up – to aid the destruction.
Everything has been pre-planned mapped out and being tweaked in real time. Media articles, our heros and enemies they give us. Every single human movement is tracked and acted on in real time by the devices sitting a few feet away from us; basically we are being controlled as puppets on a string.
As noted in March in the New System every system has been turned against us.
One by one the countries are falling. France just fell.
How many new hospitals built in Kanada this year for the deficit?

#158 not 1st on 10.29.20 at 10:13 am

And there is your V shaped recovery, courtesy of he who shall not be named under threat of censor.

#159 Yuus bin Haad on 10.29.20 at 10:14 am

I have it on good authority that if Trump loses, he’s going to lock himself in the bathroom and refuse to come out. I got this from one of his aides who was dispatched to the local Walmart to pick up some extra Charmin.

#160 David Hawke on 10.29.20 at 10:21 am

#32 As Elon puts it on 10.28.20 at 4:54 pm
Are the New York Times and CNN honestly still going? If you missed it, the answer is yes and no.

It’s good to see those credible sources being used. Lol. There’s a reason Fox is killing them.

I thought the column cited was factual and clear. Please feel free to point out anything it referenced that is not credible. – Garth

Geesh, I never thought anyone with a double-digit IQ took the “FOX comedy hour” as serious news!

#161 Gig on 10.29.20 at 10:29 am

no sane person is advocating not protecting the at risk , Garth..NONE. Canada failed to protect the at risk, shame on us. Lots of docs have advocated a more holistic approach (see The Great Barrignton, read it with an open mind. Cant run from the little bug)

no mass murder going on, .of course the over-reaction will change Canada into a more socialist country, even moreso than know. Just watch

#162 willworkforpickles on 10.29.20 at 10:35 am

#146 Looking up
“Wow brilliant plan. Let the economy go into a depression to get rid of the “deadwood”. So in summary let economic ruin happen to avoid economic ruin in the future???????”
………………………………………………………………………………………………………..

I guess you haven’t been around long.
A depression? No… you definitely haven’t been.

If this government did as they did in the last 5 recessions even…and, instead of saving the overleveraged from themselves with the safety net they’re providing now, a RE price correction through default and foreclosure for one would be well under way better than half way through a recessionary shake out and on to a full recovery in the Spring.
Far far the hell from any kind of depression.
That’s how it could have been eliminating the deadwood to start the next economic ascent.
The mismanagement in effect now won’t fix a thing but bring this country to economic ruin.

#163 dogwhistle on 10.29.20 at 10:38 am

#104 the Jaguar on 10.28.20 at 8:48 pm

If ever there were a time to be mindful and observant and hold out a helping hand to neighbours and strangers in need, this surely is the time. Seniors, dogs and cats out there who might need a safety net or act of kindness. Faith, Hope, but especially Charity.

——————————————————-

^^^^

Indeed, every little helps, going to deliver some food stuff at a local halfway house this afternoon.

Bottle collection for the pet shelter.

Little things all adds up, plenty of local initiatives.

Oh and be thankful you live in Canada and don’t get your head chopped off whilst in church…

#164 Ferdinand McMillan on 10.29.20 at 10:38 am

Reckess spending is Trudeaus new “anchor”.

Bloomberg: Trudeau’s Finance Minister Rejects Calls for Spending Restraint.
https://www.bloomberg.com/news/articles/2020-10-28/trudeau-s-finance-minister-rejects-calls-for-spending-restraint?utm_source=google&utm_medium=bd&utm_campaign=Pol&cmpId=GP.Pol

Now don’t you feel better?

#165 Captain Uppa on 10.29.20 at 10:51 am

My Wealthsimple robo B+D? Down 1.43%. Snore. Peace of mind. The $1000 day trading account I use to de-fuse my desire to time the market? Down 3.4%. Don’t do it and don’t let anyone try to do it for you. Pay someone like Garth to firewall against any tendency to panic.

—————————————————————–

Totally agree. I have to talk coworkers off the ledge when the individual stocks they pick go red. They have no business stock picking and I implore them to get a B&D with someone like Garth or a WealthSimple and just leave it. “Yeah yeah” is all I ever get back and then hear them freak out ten minutes later when FB tumbles a bit.

#166 millmech on 10.29.20 at 10:54 am

#139 majik
Actually about 1 in 5 European descendants have immunity to a lot of viruses. they have traced them back genetically to the time of the plaque. Those that survived carry at least one and sometimes two recessive genes that affect the white blood cells response to attack and if you have both you have immunity from HIV/AIDS, if you have just one defective gene you can have HIV but it will not turn into AIDS.
I will attempt to link to the video later today.

#167 Faron on 10.29.20 at 10:58 am

#98 SoggyShorts on 10.28.20 at 8:27 pm

#94 Faron on 10.28.20 at 8:03 pm
#55 Camille on 10.28.20 at 5:59 pm

My Wealthsimple robo B+D? Down 1.43%. Snore. Peace of mind. The $1000 day trading account I use to de-fuse my desire to time the market? Down 3.4%. Don’t do it and don’t let anyone try to do it for you. Pay someone like Garth to firewall against any tendency to panic.
*******************
My market timing exercise lasted a couple of months.
The task was simple: using any and all micro and macro factors from any sources to decide whether to gas up at 1/2 tank or 1/4 tank (a 2-day difference usually)
I really tried to find patterns and measure influences. I read articles and scoured the internet.
End result? 9/10 bad decisions.

Ha, yep exactly my experience and great analogy to “filling the tank”. I think the dual task that the timing has to be perfect on both ends but only one end will ever give a strong signal makes it damn hard. I could get one end right and feel all smug only to fail at the other. Latest edition: on Friday I bought a VIX futures ETF as “insurance” going into the election. Monday, the markets are all tanking. Win on the buy side. What did I do? Sell. Watched those futures climb another 15% over the next two days. Would have offset most of the losses, but I spooked.

#168 Joel on 10.29.20 at 11:00 am

A quick PSA about dogs with chip bags on their heads (as that what the blog image looks like). I’ve met three dog owners who’s dogs have suffocated this way. Owner leaves the house to go to work, dog gets curious about that chip bag left on the coffee table/couch and sticks his head in, owner comes home to dead dog.

Sorry, not relevant to the blog. I do read daily, and it has made a positive impact in that I am much more frugal, and saving my money.

#169 IHCTD9 on 10.29.20 at 11:00 am

#136 Nonplused on 10.29.20 at 2:03 am

So for you preppers, add new appliances to the list, all of them, and do not buy a front load washer. Piece of crap.
___

Sometimes you need to go old (not new) to get quality. Our old Kenmore W+D are still chugging along after 19 years service, with the occasional repair. These things are so basic, anyone could fix them – and I’ve never had issues getting parts which seems amazing until you realize most W+Ds are pretty much identical inside the cabinets. I was even able to get a brand new top for the washer (old one was rusting).

Just did the motor/trans drive coupling which is buried about as deep as any part in the whole machine – 45 minute job – and most of that was fighting to get the cabinet back on all lined up. 35.00 part, in stock at a local small town repair outfit. Good for another 19 years. I think I will just keep fixing them until something expensive blows. Hell, the 19 year old light bulb inside my fridge finally went. Old stuff seems to be pretty tough.

Other old tough stuff I plan to hang on to:
1959 Bulldozer (10 ton)
1952 Bulldozer (3 ton)
1980 Craftsman electric Impact
1960’s post hole digger
1950’s shovels and rakes (hickory handles, deep thimbles, heat treated spades)
1960’s tool boxes
Ancient chisel set made out of mysterious indestructible steel
Ancient bolt extractors made from same steel as above.
Much more

Good stuff can still be had if you research well, pay attention to where it’s built, and have deep pockets. My new (to me) mower is 1300 lbs, made in the USA, and will surely be the last mower I will ever buy – but over 11K brand new. (but Kijiji will sell you a great used one for almost half that).

#170 Faron on 10.29.20 at 11:00 am

#159 not 1st on 10.29.20 at 10:13 am

And there is your V shaped recovery,

Where is it again? Hard to see with this W getting in the way. Are you declaring it to make it so so your kind have more misinformation to sluice around the interwebs?

#171 IHCTD9 on 10.29.20 at 11:06 am

#148 Sue on 10.29.20 at 8:55 am
#136 Nonplused on 10.29.20 at 2:03 am

Sorry Garth I know its not a washing machine blog..
___

Washing machine discussions are welcome right now IMHO. Beats more talk about T+B, CV-19 and “X” Conspiracy Theory.

I do like all the Prepper/Apocalypse stuff though, more up my alley.

#172 Looking up on 10.29.20 at 11:12 am

#163 willworkforpickles on 10.29.20 at 10:35 am
#146 Looking up
“Wow brilliant plan. Let the economy go into a depression to get rid of the “deadwood”. So in summary let economic ruin happen to avoid economic ruin in the future???????”
………………………………………………………………………………………………………..

I guess you haven’t been around long.
A depression? No… you definitely haven’t been.

If this government did as they did in the last 5 recessions even…and, instead of saving the overleveraged from themselves with the safety net they’re providing now, a RE price correction through default and foreclosure for one would be well under way better than half way through a recessionary shake out and on to a full recovery in the Spring.
Far far the hell from any kind of depression.
That’s how it could have been eliminating the deadwood to start the next economic ascent.
The mismanagement in effect now won’t fix a thing but bring this country to economic ruin.

——————-
Sadly I have been around a long time lol.

You said “ the end result would be astounding but nothing short of devastating in the interim. The bloodletting would be great”

Sounds like a depression to me. Any world leader that let that happen willingly wouldn’t be ousted they’d be tar and feathered and rightly so.

#173 Faron on 10.29.20 at 11:17 am

#142 Toronto_CA on 10.29.20 at 5:21 am

#107 Faron on 10.28.20 at 9:21 pm

If this is a tortoise vs hare situation, you don’t declare the winner after the first mile.

Then why did you just seek to declare the winner in #93? Seems we are both guilty of counting our chickens before they hatch.

Did you read the article? There’s actually evidence that Sweden has obscured COVID data because they are so invested in the correctness of their approach. At one point underreporting deaths by half. Their testing levels are total crap relative to their neighbours. Their triage for COVID patients threw the elderly under the bus. Excess death data shows that the actual toll was much worse than they report.

I find it utterly fascinating that the right, who are most irrationally fearful of socialism, keep pointing to Sweden as the solution and thereby are strongly advocating for socialism as the cure to this existential ill. You don’t get both my friend. You don’t get a Sweden response with Sweden outcomes without dramatically more socialized society. If you try the hands off approach without a backstop you get Brazil or the US+-.

#174 n1tro on 10.29.20 at 11:39 am

#119 Ronaldo on 10.28.20 at 10:52 pm
#109 n1tro on 10.28.20 at 9:34 pm
I was at the GoodLife gym yesterday. Apparently, the new policy is to make everyone wear a mask while working out. I was on the treadmill at the time and was thinking WTF?! This is on top of already limiting users in the gym and spacing out all the equipment. Talk about the cure being worst than the sickness.
————————————————————–
That is not a cure. Check out what the WHO has to say about that.

https://www.who.int/images/default-source/health-topics/coronavirus/myth-busters/mythbuster—masks-and-exercise.png
——————
I think any sane person that exercises knows covering your face and limiting oxygen isn’t a good thing unless you are extreme conditioning your body for Olympic type events.

Sad how idiots are making up rules as they go.

On a serious note, check out this Oregan health official talk about covid deaths dressed as a CLOWN.

https://www.msn.com/en-gb/news/world/oregon-health-official-dressed-as-clown-while-announcing-coronavirus-deaths/ar-BB1aupWM

#175 Masked stupidity on 10.29.20 at 11:41 am

DELETED

#176 George S on 10.29.20 at 11:49 am

from some random post:

“If you think Biden is a socialist you don’t know what socialism is. – Garth”

I am not sure anyone really knows what socialism is. Sometimes good things are referred to as socialist, sometimes bad things. Maybe there are just too many s’s and it sounds sinister? (there is a bit about that in the novel “Catch 22”) Maybe because it is often referred to as “left wing” (isn’t the Latin [or some other popular dead language] word for “left” “sinestra” (sinister) or something like that) Since single payer medicare is a socialist thing it has an undeserved bad reputation in the US.
Maybe if the conservatives or the alt right weren’t referred to as the “right” or the “right wing” they would be thought of as being what they are instead of something good and right.

I seem to remember someone like Tommy Douglas saying that socialism should be the political alliance of the Christian people because it follows pretty closely the teachings of Jesus Christ in the bible that they follow like helping out the poor and unfortunate.

So, in short, a suggestion for a blog post:
“What actually is Socialism”

#177 Doug t on 10.29.20 at 12:01 pm

RIP Don Mazankowski Sr.

#178 Lambchop on 10.29.20 at 12:09 pm

#148 Sue on 10.29.20 at 8:55 am
#136 Nonplused on 10.29.20 at 2:03 am
Sorry Garth I know its not a washing machine blog.. But nonplused. Try aquaseal. It saved me on the seal of a miele. My tear wasnt huge. I also use it to patch hipwaders amazing stuff. You can buy at mec 10 bucks. Store it in the freezer and it lasts along time. Good luck

___________

To add to the new FrontLoaderBlog, I’ve been running an AEG pair for 20 years and they were used when I got them. Punched a hole on the door seal with a construction pencil that got missed in some pants. The hole was about an inch long, couldn’t get a seal so I loosened off the clamp that holds it in place and spun the seal around so the hole is at the top. Still going strong, 4 years later.

#179 Bill on 10.29.20 at 12:22 pm

170 IHCTD9 on 10.29.20 at 11:00 am
#136 Nonplused on 10.29.20 at 2:03 am

So for you preppers, add new appliances to the list, all of them, and do not buy a front load washer. Piece of crap.
———————————-
Lol
As a hi-tech guy and gas and diesel mechanic and believe it or not we owned a large laundromat when i was a kid.
Most stuff is crap today. Not bult to last at all.
I bounght Maytag front ends built in Germany 12 years ago.
My kids will get them. My condos have LG 10 year warrenty. 8 years old now going strong so far.
You have to do alot of research before you purchase still its a gamble. These companies dont want stuff to last forever like the good old days.
We bought a Samsung stove most expensive one. The 3x expandable element can boild an egg on low. Ive been fighting with head office for 8 months…no more Samsung for me. These guys dont know what their in for…Im reporting it to CSA…
In their defence they have to compete and due to inflation and stagnating wages people couldn’t afford anything built as heavy as the good old days.
Its the illusion that “your richer than you think” bs.
Everything is engineered to the margin.
Lean on a Ford hard and youll cave in the fender.
I got and older Tundra and a Duramax. 1 million km vehicles.
I like old stuff thats in beauty shape.

#180 IHCTD9 on 10.29.20 at 12:25 pm

#167 millmech on 10.29.20 at 10:54 am
#139 majik
Actually about 1 in 5 European descendants have immunity to a lot of viruses. they have traced them back genetically to the time of the plaque. Those that survived carry at least one and sometimes two recessive genes that affect the white blood cells response to attack and if you have both you have immunity from HIV/AIDS, if you have just one defective gene you can have HIV but it will not turn into AIDS.
____

That works both ways too. I have a SIL who one day, received a call from her biological mother whom she had never met. She tracked down the SIL because it was discovered Mom had a rare gene that gave a 50+% chance of breast Cancer. SIL also ended up having it.

SIL had to finish up having kids and have a bunch of parts removed unfortunately.

#181 willworkforpickles on 10.29.20 at 12:27 pm

Looking up

We are in a recession now and its been handled with a generous support panacea (cerb & deferrals) keeping the overleveraged afloat coupled with decreasing interest rates fueling a runaway RE price/debt explosion.
Not letting a normal correction/fix unfold by way of this unprecedented generosity will prove much more disastrous down the road than having let it run its course now the way previous recessions always have.

#182 Penny Henny on 10.29.20 at 12:31 pm

Turnernation here are some confirmations on your past predictions.
From the Toronto Star.
““The factors driving pandemics are human activities — unsustainable growth in livestock production, deforestation, the wildlife trade and global connectivity,” says Peter Daszak, a British expert on disease ecology and head of the Intergovernmental Panel on Biodiversity and Ecosystem Services.

-livestock (meat) is bad.
-global connectivity (travel) is bad

If that doesn’t scare you this should
“The report estimates mammals and birds host about 1.7 million undiscovered viruses. Somewhere between 540,000 and 850,000 could infect humans.”

540,000 new viruses coming your way unless you obey

#183 Looking up on 10.29.20 at 12:36 pm

182 willworkforpickles on 10.29.20 at 12:27 pm
Looking up

We are in a recession now and its been handled with a generous support panacea (cerb & deferrals) keeping the overleveraged afloat coupled with decreasing interest rates fueling a runaway RE price/debt explosion.
Not letting a normal correction/fix unfold by way of this unprecedented generosity will prove much more disastrous down the road than having let it run its course now the way previous recessions always have.

—————

I have to agree with you on the interest rates and RE market . Cerb and stimulus absolutely necessary. Low interest rates to ignite the housing market. Not such a great idea. Emergency rates should have been for business not for housing.

#184 IHCTD9 on 10.29.20 at 12:40 pm

#177 George S on 10.29.20 at 11:49 am

I seem to remember someone like Tommy Douglas saying that socialism should be the political alliance of the Christian people because it follows pretty closely the teachings of Jesus Christ in the bible that they follow like helping out the poor and unfortunate.

So, in short, a suggestion for a blog post:
“What actually is Socialism”
____

Nothing wrong with the idea of socialism, it’s the pinnacle of a compassionate society – ah… ideally.

The problem comes with its application to real people in real societies. Some folks will abuse it, others will fight it, governments will politicize and corrupt it, it all goes to hell in the real world.

The best way, and the only way you can make socialism work, is preach it as an elective personal doctrine. No way can you “make” a population socialist against their will if they are still allowed to vote, and are not under severe duress.

You can be a socialist by yourself no problemo, give to the poor, volunteer where help is needed, spread the literal and figurative wealth around where you see a need. I think most folks do this, some more than others. Just don’t try to force other people to think and act the same as you – even if you are ultra-damned sure your way is is the right way.

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so…”

#185 Ace Goodheart on 10.29.20 at 12:45 pm

#180 Bill on 10.29.20 at 12:22 pm

Still running my old 1986 stacked Inglis washer/dryer in one of my rental buildings.

Those things are built to last.

I have rebuilt most of the wear out parts (particularly the dryer). All parts still available.

The new ones? Junk. Two new machines in the basement, both have had many repairs (by me). It’s not just the build quality, it’s the design itself. Made for easy assembly by third world quality labour.

But it makes no sense at all. The way stuff is laid out on the new machines, makes them prone to all sorts of premature failures. Would be so easy to clean it all up, but then I guess you couldn’t assemble it in some hell hole country with 8 year old child labour.

Profit, profit, profit. All they care about now. Put a name on something garbage and it will sell.

Had the recirculated air motor gear go in my VW Golf. “Click click click” from under the passenger side dash. Just for fun, knowing what was wrong with it, I took it over to the dealer for an estimate. Quote was $1150.00 to replace some “control module”. What a load of caca that was. They knew what was wrong with it. A $25.00 gear motor they make in Brazil and label from Mexico for NAFTA (or USMCA or whatever it is called now).

Generic part. Cheap to get. Just plastic and a little toy motor.

After some internet research, I managed to find one for $75.00 and put it in myself. Works like a charm. No more clicking.

The world is just one giant rip off now.

#186 Faron on 10.29.20 at 1:02 pm

#175 n1tro on 10.29.20 at 11:39 am
#119 Ronaldo on 10.28.20 at 10:52 pm
#109 n1tro on 10.28.20 at 9:34 pm

I was at the GoodLife gym yesterday.

You were indoors! If you want to run without a mask, run outdoors. If it’s too cold for you here in Canada move to Brazil. In your WHO link the people are outdoors. Cases are up in the NH because people are indoors for winter. Do you really want to workout indoors while breathing hard with a random selection of perfect strangers when there’s a respiratory disease spreading? Seriously, how dumb are you two? Wow.

#187 IHCTD9 on 10.29.20 at 1:23 pm

#186 Ace Goodheart on 10.29.20 at 12:45 pm

Had the recirculated air motor gear go in my VW Golf. “Click click click” from under the passenger side dash. Just for fun, knowing what was wrong with it, I took it over to the dealer for an estimate. Quote was $1150.00 to replace some “control module”. What a load of caca that was.
___

I couldn’t live with myself if I were a service manager for a garage. I have the exact same problem with that little actuator on my truck right now – and it’s for the A/C recirc door too. These little gear boxes are all over under the dash moving flappers for the climate control system, vent selection etc.. Flap is stuck open (non-recirc), but the AC in the truck rocks so hard, I didn’t miss it this past summer – I guess WFH helped me not miss it too.

I didn’t bother with a quote, but the part is 90.00 (probably the same basic thing as in your VW) and I’m still thinking about how I’m going to tackle the job. It’s buried deep enough that it looks like it’ll be dash removal for me. BUT, I may have found a way to do the job through the glove box opening if Ms. IH’s little fingers will fit back there for one bolt.. :)

#188 Elon Fanboy on 10.29.20 at 1:29 pm

No need to rely on bogus polls.

This bakery has correctly predicted the last nine elections based on cookies!

https://www.newsweek.com/ohio-bakery-cookie-poll-trump-lead-predicted-winner-elections-1540563

#189 Phil on 10.29.20 at 1:33 pm

Ace #95
And we take solace in the fact that, even though we are getting 1000 + cases per day (actually “infections” but they incorrectly call them “cases”), our deaths have flat lined and our hospitalizations are not increasing.
————————————————————
Actually, they are positive tests.

#190 Ronaldo on 10.29.20 at 1:44 pm

#187 Faron

Do you really want to workout indoors while breathing hard with a random selection of perfect strangers when there’s a respiratory disease spreading? Seriously, how dumb are you two? Wow.
————————————————————–
Well Fearful Faron, probably not as dumb as you are but keep in mind it takes one to know one. Also, I don’t work out at a gym because I am naturally in fine physical shape, just like Garth.

#191 n1tro on 10.29.20 at 1:44 pm

#187 Faron on 10.29.20 at 1:02 pm
#175 n1tro on 10.29.20 at 11:39 am
#119 Ronaldo on 10.28.20 at 10:52 pm
#109 n1tro on 10.28.20 at 9:34 pm

I was at the GoodLife gym yesterday.

You were indoors! If you want to run without a mask, run outdoors. If it’s too cold for you here in Canada move to Brazil. In your WHO link the people are outdoors. Cases are up in the NH because people are indoors for winter. Do you really want to workout indoors while breathing hard with a random selection of perfect strangers when there’s a respiratory disease spreading? Seriously, how dumb are you two? Wow.
————-
Faron, the only dumb one is you by what you write. I paid to workout indoors. If Good Life can’t fulfill its contractual obligations, then they should be issuing refunds.

Your logic/argument is premised on masks being the only measure that Good Life has implemented and you follow it up with a strawman example.

Good Life already limits the number of people allowed in to the gym. They also spaced out the equipment so that even if I was working out next to someone, I’d be more the 6 feet apart in all directions.

Me huffing and puffing in the gym with no one around for 6 feet is perfectly fine unless you want to make up some emotional claim about covid maybe airborne and floating around going after people like a murderous fog.

Even if I caught covid, I’ll be fine (stats, not emotions talking).

Maybe you should try working out a bit so you arent so scared of dying.

#192 pPrasseur on 10.29.20 at 1:54 pm

Biden Capital Gains Tax plan, a foolish increase that could only encourage our local idiots!

https://thehill.com/blogs/congress-blog/economy-budget/523173-bidens-foolish-capital-gains-tax-increase

#193 tkid on 10.29.20 at 1:58 pm

Hey Garth, I’m interested in hearing your opinion on vulching real estate. What properties would you look for, what questions would you ask, etc? Thanks!

#194 Faron on 10.29.20 at 2:03 pm

#192 n1tro on 10.29.20 at 1:44 pm

#187 Faron on 10.29.20 at 1:02 pm
#175 n1tro on 10.29.20 at 11:39 am
#119 Ronaldo on 10.28.20 at 10:52 pm
#109 n1tro on 10.28.20 at 9:34 pm

Maybe you should try working out a bit so you arent so scared of dying.

When’s the last time you ran 100 miles at altitude? 50k in the snow? Biked more than 100k in a day? Each day for almost a month straight? Nice try and good luck to you.

#195 George S on 10.29.20 at 2:07 pm

#185 IHCTD9 said:
“Nothing wrong with the idea of socialism, it’s the pinnacle of a compassionate society – ah… ideally.

The problem comes with its application to real people in real societies. ……. blah, blah ….
…. blah…
You can be a socialist by yourself no problemo, give to the poor, volunteer where help is needed, spread the literal and figurative wealth around where you see a need. I think most folks do this, some more than others. Just don’t try to force other people to think and act the same as you – even if you are ultra-damned sure your way is is the right way.”

—————–

Yeah sure that is what they all say. You can always vote in elections just like everyone else if you are discontent with your government. All of the governments, USA included are some sort of socialists. There aren’t very many countries in the world that have no social programs or some sort of government funded medicare (even the US has) You might think you are some sort of independently funded person but you benefit from all sorts of government programs that you get in return for paying your taxes. Things like roads, sidewalks, clean streets, law enforcement, fire protection, and what about the taxpayer funded subsidies for all sorts of industries? Is that socialism? The question is where do you draw the line? What is considered socialism and what isn’t? When the US government bailed out financial institutions in 2008 would that be considered to be socialism? When the government cleans up contaminated sites abandoned by assorted corporations, is that not a bailout of business and should be considered to be socialism? Is everything beyond defence spending to be considered socialism.

If you have a country where every eventuality is taken care of by private insurance companies operating for profit then you have a more or less equivalent situation to a full-on socialist government but it is run by insurance companies and they make money from it and it costs 30% or so more for everything that you get done because governments operate on a non-profit basis.

Anyway that is why it is important that you vote for a political party that best represents your interests and what you think society should become. You can even form your own political party, get enough support and form a government if enough people like your vision for Canada.

———
One more thing. We used to have a freezer that was made in 1947. It kept everything at about -40. Food would last for years. It never broke down, unlike modern freezers that randomly fail after a short useful life. It was run by a standard 1/2 horsepower motor. Trouble is that it used an incredible amount of electricity to turn that motor. Most modern short life appliances (or at least some of them) use far less electricity over their short lifetime and in the long run turn out to be less expensive.
Car parts however….. we had to replace our spiral cable Toyota dealer price $599.71 for the part plus labour. I got one for $22.50 delivered and another for $160. They were both identical. I am not sure what one they installed but it works fine.

#196 jess on 10.29.20 at 2:14 pm

A mutated coronavirus strain causes most new COVID-19 infections in Europe and was spread within the continent by tourists, scientists say

A variant of SARS-CoV-2 emerged in early summer 2020, presumably in Spain, andhas since spread to multiple European countries. The variant was first observed inSpain in June and has been at frequencies above 40% since July. Outside of Spain,the frequency of this variant has increased from very low values prior to 15th Julyto 40-70% in Switzerland, Ireland, and the United Kingdom in September. It is also prevalent in Norway, Latvia, the Netherlands, and France,,,

#197 Faron on 10.29.20 at 2:15 pm

#192 n1tro on 10.29.20 at 1:44 pm

some emotional claim about covid maybe airborne

Seriously? BTW I found a video of us fighting:

https://www.youtube.com/watch?v=8mDi-0HXlms

#198 Bill on 10.29.20 at 2:16 pm

#183 Penny Henny on 10.29.20 at 12:31 pm
Turnernation here are some confirmations on your past predictions.
From the Toronto Star.
““The factors driving pandemics are human activities — unsustainable growth in livestock production, deforestation, the wildlife trade and global connectivity,” says Peter Daszak, a British expert on disease ecology and head of the Intergovernmental Panel on Biodiversity and Ecosystem Services.
-livestock (meat) is bad.
-global connectivity (travel) is bad
———————————————————
Living in paranioa?
I grew up on a small farm where we grew a cow and ate it along with pigs chickens ect.
Yes too many people I agree just travel Asia sure as hell not here.
I Just watched a Doc they found after the buffalo where whacked the biodiversity blew up and the grass lands turned into weeds over the decades.
Their reintroducing cattle to eat trample poop and move on…It works brilliantly as the lands are being restored to balance and…. all the other small animals came back.
In the Okanagan their using cows to roam through the bush lands to eat the over grown grass and other yummy stuff “fuel” that helps promote the massive forest fires. It works and god love the cow and buffalo wish we had the millions that roamed.
Peter Daszak stay over there please.
Im going to cut free firewood.

#199 TurnerNation on 10.29.20 at 2:35 pm

#183 Penny Henny on 10.29.20 at 12:31 pm yep no more news only Predictive Programming. To think we are still in first year of this 10-year rollout!
They have tight timelines.
FEAR is how they have us on the run.
No more travel without your Cert of Vax ID (COV-ID) that’s a certainty.
Some say the world is to be divided into 7 economic regions.
Maybe NA, SA, EU, CCP; and so on. All ruled by the Global Government pulling our so called leaders.

Take a good look around. What you see is what you get. There will never be more then this in fact the opposite – more winding down of the First World. We’re broke too; it’s over. Submit to the new Global Rules, what the CV protocols are training us.
They keep telling us to double down on CV protocols. Training and normalization.
What about giving us health tips, a cure for cancer, or new hospital. Never. This is not about our health.

#200 TurnerNation on 10.29.20 at 2:39 pm

197 jess on 10.29.20 at 2:14 pm – of course, tourists spread it! The excuse to cull our travel rights of course.
EVERY “news” article will be along these lines.
When the telescreen sstop pumping out those numbers…too late rights will be long gone.
But hey water on Mars- or some tale they tell us.

#201 Jack on 10.29.20 at 2:43 pm

US economy grew record 33% in last quarter!
How can Canada compare to that?

The US economy lost 31% in the previous quarter and was expected to achieve 35% growth. – Garth

#202 Doug in London on 10.29.20 at 2:47 pm

As I said yesterday, there are some good deals out there now on REITs, pipelines, and oil companies.

@Stone, post #37:
I watch David Suzuki’s show and am looking forward to the one you mentioned about The mating habits of the real estate moisters. It should be entertaining as well as informative. Myself, I’ll stick with buying those REITs that are on sale now to increase my exposure to real estate.

#203 Jessica Sanchez on 10.29.20 at 2:49 pm

Manuel, yeah, a 1.69% 5 year fixed rate mortgage looks like such a great deal but watch out for early breaking mortgage penalties. This could be $10,000, $20,000 or more depending on your mortgage balance.This is just one possible big problem ahead.

The main points I really wanted to post here is we have a $275,000 mortgage left from our original $560,000 8 years ago. Yes, we all our saving interest on our mortgage balances as our 7 year fixed rate mortgage we renewed got just 3 weeks ago at 2.23%.

We are saving $4,500 a year in annual interest from lower mortgage rates compared to our last mortgage renewal but 8 years ago my property taxes, garbage fees, water fees etc. are all up total $3,700 a year. Our electricity,home heating, gas, home insurance, auto insurance, food bills, costs are at least up another $5,000 total. I’m sure other expenses we did not count in here could easily be another $1,000 or $2,000 more a year in 8 years.

So really, we save $4,500 a year in mortgage interest 2.23% versus 3.86% but declining each year as our mortgage balance declines and we are now paying after 8 years another $10,000 a year just for the higher cost of living. This with a Bank of Canada telling us we have a 0.50% annual inflation, yeah right.

Don’t forget the higher income taxes, government taxes, fees etc. added in over 8 years and more to come with 5 or 7 years down the road a much higher mortgage rate for most Canadians not so much for us as our mortgage is probably little to no balance left in 7 years. The mortgage, refinancing obsession with lower interest rates and debt binge, accumulation for decades now is making things much worse.

The facts are your house, condo, properties is not an ATM machine and the US and many other countries in Europe, Spain, Ireland, UK found this out big time.

#204 Dan Frankel on 10.29.20 at 3:01 pm

Hey Samantha Gibbons, I have the same Ishares 20 year plus US treasury bond ETF bought it 3.5 months ago and is checked today 6.278%.

The reason is it is a long maturity dates and long term bond yields have been going up for the last few weeks. It has a low 0.15% annual expense. It currently has a 1.75% annual yield.

Not a good choice. – Garth

#205 n1tro on 10.29.20 at 3:05 pm

#195 Faron on 10.29.20 at 2:03 pm
#192 n1tro on 10.29.20 at 1:44 pm

#187 Faron on 10.29.20 at 1:02 pm
#175 n1tro on 10.29.20 at 11:39 am
#119 Ronaldo on 10.28.20 at 10:52 pm
#109 n1tro on 10.28.20 at 9:34 pm

Maybe you should try working out a bit so you arent so scared of dying.

When’s the last time you ran 100 miles at altitude? 50k in the snow? Biked more than 100k in a day? Each day for almost a month straight? Nice try and good luck to you.
——————–
Are you implying that you did those activities listed above? If so, I’ve never done any of that. I just have been exercising regularly to stay healthy since I was 20. Your statement implies you did those activities in the past….sort of like how Al Bundy talking about being the start quarterback back in highschool.

#206 Dan Frankel on 10.29.20 at 3:06 pm

It is down 6.278%, this is what I forgot to add in my post. It did have a decent 5.23% rate of return over the last 10 years since SEpte-30-2010. This is why I bought it but long term interest rates were much higher then so I would not expect that. Maybe a 3.4% to 3.75% annual return over the next 10 years.

#207 jess on 10.29.20 at 3:33 pm

201 TurnerNation on 10.29.20 at 2:39 pm

give the paper a read to entirety there are caveats
https://www.medrxiv.org/content/10.1101/2020.10.25.20219063v1.full.pdf
https://nextstrain.org/

#208 Faron on 10.29.20 at 3:47 pm

#202 Jack on 10.29.20 at 2:43 pm

US economy grew record 33% in last quarter!
How can Canada compare to that?

The US economy lost 31% in the previous quarter and was expected to achieve 35% growth. – Garth

—-

Garth, it’s too bad you have scruples. Otherwise you could take advantage of these errors. Take away 33% of their money and then give back 33% of what’s left. Net 0 right? Shoot, you could give back 45% and still do alright.

And this is why Trump is in the running still…

#209 Lorne on 10.29.20 at 4:03 pm

#121 Fraser on 10.28.20 at 11:14 pm
I’m going to chime in. Not wearing a mask is not mass murder. We need to realize that 283,000 people in Canada died in 2018. Here’s stat can link https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1310071001. As of right now we’re sub 10k in covid deaths in all of Canada. In BC we have 289 dead as of yesterday. CDC came out and stated only 6% of covid deaths are actually covid related. We obviously need to take into consideration people’s medical conditions prior to their death and unfortunately doctor’s needed to figure out protocols and most likely were too invasive at times in treatments ie too many intubation’s.
We need to get back to normal and stop with this half in pretend approach. Those with medical conditions and hypochondriac’s can glove and mask up all they want. Let’s get people to open their businesses full bore and let the market dictate things. Let people choose there own fate. I’m sick and tired of these autocratic governments pretending to be SJW. First and last comment for a long time.
……..
Masks: Might help, won’t hurt. Wear them.

#210 Dave on 10.29.20 at 5:16 pm

So in the 63 minutes since you have gone to press (hit enter) the droves have descended. How do you do it? I guess there is a lot of pent up demand, and a lot of free time. Sooner rather than later you will have to start to use an algorithm to focus on key words within the steerage section to convert the non believers into Garth believers and convince them to forgo their love hate relationship with real estate! What is the conversion rate on the blog?

#211 Bill on 10.29.20 at 8:38 pm

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