Worse, but better

When they were still counting ballots last week Mr. Market was telling us Biden would win. After that Trump speech in the White House briefing room, he had to. How sad.

What did the big stock rally last week foretell?

Lots. Markets hate uncertainty, and finally the era of unpredictable, disruptive, quixotic leadership was coming to an end. Second, nobody outside of Trumpland or the Faerie Kingdom of QAnon believes Joe Biden is a socialist, or a Trojan horse for the radical left, or senile and destined to croak/crack by summer, or that commie Kamala will soon be the President, which was always the game plan.

Biden, Mr. M thinks, will not send the economy into a Depression, allow rioting in most major cities, defund the cops or turn America into North Korea. It’s just a shame, and dangerous, that 68 million people actually believed this crap. Just as they swallowed whole the fiction about all pre-election polls being rigged, secret ballots being shipped into counting rooms and dead people turning out in drives to cast their votes. Trump is utterly discredited. His law suits are meaningless distractions. The Republican establishment will disown him before long. He is so gone. And perhaps, soon after leaving office, will be in unfathomable legal and financial trouble.

Now, what’s all this mean for you and your portfolio?

Monday morning: futures on the Dow surge more than 1,000 points on the Biden win taking markets to a high surpassing that experienced during the brief but raucous Trump tenure.

_____________________________________________

First the bad news. The virus. Trump supporters will deny it, but the guy is directly responsible for making Covid a political issue and letting it run wild – especially in red states. Cases have erupted. Up 54% in the past two weeks, and now routinely over 100,000 a day with a thousand deaths. Canada’s sliding, too, of course, but it’s the American economy we’re all obsessed with.

Biden’s first challenge is this. Task force named on Monday. By January things could be far worse, and it is possible lockdowns occur in all major US hotspots. Could we see troops on the streets enforcing it? You betcha. But we also see a firm hand dealing with the pandemic, leading to economic healing. Mr. Market likes that.

The good news is that this pandemic suppression will come with a massive stimulus package. As Trump is discarded and ignored, the Congress and Senate will support a multi-trillion-dollar tsunami of aid, supported by buckets of QE from the Fed and even negative rates. Of course, not tackling the virus with this naked aggression, while a vaccine is approved and finally goes into production, would be an American disaster. If Trump had won, the deaths may well have been in the millions.

In short, you will probably not like this winter. Bond yields will fall, volatility will flare, unemployment will go back up, stocks will gyrate and the news will be worse than in April. But the Biden brake will be far better than the Trump gamble. All reasonable folk know that.

What to do?

If you have that famous B&D portfolio, absolutely nothing. Your bond values will rise if equities fall and meanwhile the preferreds and REITs continue to churn out income. What’s about to happen is noise, not change. Stay the course. Turn off BNN. Learn to play sax.

If you’ve been waiting in cash to buy when others are bleeding, the moment may come. Stock markets cascaded 30% lower when Covid arrived. Yes, it was temporary, but great assets were seriously on sale. Could happen again – but look at today’s investor jubilation.

If you’re a saver, terrified of financial markets and with all your wealth in a HISA (Hilariously Idiotic Savings Account) or a GIC (Grossly Inadequate Certificate) your returns will be less than zero. Inflation will eat you. Taxes will finish you off. Unless you already have a million or two, this fear will also demolish your future security. We’ll say it again: the biggest risk people face is not losing money in an investment that declines, but running out of it. Especially women.

Real estate? Be careful. It’s a time to sell and reap, not buy and roll the dice. This flight to the burbs and into debt could be a road to regret.

Biden is a good thing. No Trump is a blessing. But he’s not gone yet.

And can this year end soon enough?

277 comments ↓

#1 Ahhhhhhhhh .... on 11.08.20 at 11:16 am

it’s almost over … great sigh of relief heard around the world.

#2 Flop... on 11.08.20 at 11:18 am

Open house yesterday on the second rung of the Vancouver detached property had a steady stream of visitors for a few hours.

It wasn’t 2016, come speeding down the road, pull a u-turn, park on the neighbors nature strip and run into the house to check it out.

But it was pretty close…

M46BC

#3 NoOneOfConsequence on 11.08.20 at 11:23 am

Arguably, what we are experiencing is probably the worst financial downturn ever and STILL prices for Canadian detached homes keep rising.
I am losing faith…I think over-inflated home prices is just…Canadian.
Buy now or miss out.
>:-(

#4 US Election Poll Worker on 11.08.20 at 11:30 am

WRONG! WRONG! WRONG!

FAKE NEWS!

I was personally forced by my Biden-loving supervisors to allow dead people to vote for Biden at my polling station.

The dead people came in caskets and some even walked in.

But they were clearly DEAD! They looked awful and smelled like rotting flesh.

No right to vote, but they did.

Then they walked out and got right back into the hearse and drove off.

This election was a FRAUD!

TRUMP FOREVER!

MAKE AMERICA GREAT AGAIN!

#5 Rook on 11.08.20 at 11:31 am

It is an absolute blessing that Trump will be gone soon. The world needed some good news in 2020.

That being said, this also appears to have been a vote for the status quo. The banks, the major tech firms, the media not named Fox or Breitbart, a non-zero group of gop establishment in the Lincoln Project, all lined up behind Biden. The same group of folks that got Trump elected 4 years ago just squeaked back into power.

As usual when going with the establishment, it was great for my portfolio. I’m by no means certain it’s going to be good for Joe/Jane American. If we draw a line from the Obama administration, and continue on as par for the course, we can probably expect more industry and jobs to be moved overseas. Probably more bombs being dropped in the middle east before long. More American blood and treasure wasted ‘over there.’ And probably greater influence from Beijing in North American affairs, business, resources and politics. Likely expect any anti-trust or free speech/censorship concerns with Twitter, FB, YT et al to go away (business as usual). Expect very little to no media criticism of the Biden administration. Back to sanctions on Iran, Russia and North Korea. Not sure what will come of the mid-east peace treaties so recently signed.

And that’s not even including the internal civil war that now needs to be fought between the centrist Dems and the progressives they courted to get into power. I’m seeing shades of the GOP when they courted the religious right in the 80s.

It’s good Trump is gone. Biden is better. Is he best, though? We shall see.

#6 Trudeau’s Magic Money Machine on 11.08.20 at 11:33 am

Much like the REITs and preferreds you describe, I too will keep churning out money.

#7 Doug t on 11.08.20 at 11:33 am

Meet the new boss – same as the old boss

#8 Flop... on 11.08.20 at 11:38 am

I found a solution to a source that seems to cause so much consternation on this blog when you have had a gut-full of current events.

Could only be applicable to Shaw cable customers, don’t know.

Simply rip the number 3 off of your remote until you have cooled down.

This means you cannot watch channel 3(CBC) or channel 33(CNN)

Leave the 4 and the 2 alone and you can still chill out and watch the Discovery Channel on 42…

M46BC

#9 Jimmy on 11.08.20 at 11:42 am

First ;)

#10 caledondave on 11.08.20 at 11:46 am

Here’s hoping the next 4 years under Biden will heal the world. Biden talks to us like a father would to his kids whereas Trump makes threats. I am glad that Mr. Trump is gone. Perhaps he will resign and Mike Pence will take over. Pence will probably pardon Mr. Trump of all his wrong doings.

#11 Lefty on 11.08.20 at 11:49 am

Not sure what Biden is gonna do regarding COVID that Europe and Canada have failed to do thus far.. A vaccine will likely arrive around inauguration day, ’till then the US will be treading water like the rest of us.

Maybe now they’ll let us read that Greenwald article? An old leftist can dream..

#12 Joseph Kahn on 11.08.20 at 11:51 am

I will continue to trade safely. Regardless of who is in charge of USA the stock market is bullish to me. I also believe house prices in Canada to stay high for ever.

#13 Phylis on 11.08.20 at 11:55 am

Oh Jimmy, you are out of practice.

#14 Sheesh on 11.08.20 at 11:55 am

I hope you’re right that Trump will be discarded by the Republicans, he deserves to be irrelevant.

#15 -=withwings=- on 11.08.20 at 12:07 pm

@#5 rook

If we draw a line from the Obama administration, and continue on as par for the course, we can probably expect

1. more industry and jobs to be moved overseas.

This trend accelerated rapidly under Trump. Hard to be competitive when your price of inputs (steel, Al) are 10-25% more than anywhere else . Expect a rational government to account for this in their decision making and slow the movement.

2. more bombs being dropped in the middle east before long. More American blood and treasure wasted ‘over there.’

Obama ended the war in Afghanistan in 2014, and cut deployments handing it over to UN monitors. Trump has his first troop surge in 2017 in Afghanistan and essentially re-started the war there. Again. And did token photo op reductions since then. Expect a sane, rational, planned wind down plan and less war.

3 And probably greater influence from Beijing in North American affairs, business, resources and politics.

Obama had China pinned in a corner, the whole world was on board with isolating them and working as a bloc to limit their power. Trump went the other way gushing with approval for Xi and singing the praises of the Chinese system. We may never recover from Trumps idiocy here, China may have overtaken USA as the next global power already – they had 4 years to run wild and do whatever they wanted (hong kong, uighurs, africa, etc)

4.Likely expect any anti-trust or free speech/censorship concerns with Twitter, FB, YT et al to go away (business as usual).

Considering the social media’s massive support for Trump, that is unlikely.

5.Expect very little to no media criticism of the Biden administration.

Expect exactly the same treatment as trump. What Joe says will be reported. What Joe does will be reported. If Joe doesn’t want dumb things reported, he shouldn’t do dumb things. Or say stupid things.

6.Back to sanctions on Iran, Russia and North Korea.

As there should be. NK and Russia are not our best buddies.

7Not sure what will come of the mid-east peace treaties so recently signed.

There weren’t any peace treaties. There were agreement of diplomatic relationships between countries that have never been at war. And Israel already broke the agreement but approving new settlements…to the silence of the trump administration.

You’ve been drinking heavily from the GOP kool aid. America, and the world, will be very lucky if we can just get back to ‘doing what Obama did’.

And good luck to Trump and his legal battles. Biden hired his Chief legal advisor and the rest of his legal team in early september to prepare for the election. They planned out many scenarios, how they would challenge them and ‘what if’ type planning. Trump hired his Chief legal advisor….last Thursday. Classic Trump, right there.

#16 Born in Hamilton on 11.08.20 at 12:07 pm

A U.S. citizen and a born conservative, I grimaced every time Trump opened his mouth. No manners and no humility. You can’t trust a person like that.

Adios Donald.

#17 Andrewski on 11.08.20 at 12:08 pm

I was not connected to the web for a few days, so I missed sending my condolences to you Garth on the passing of your beloved pooch. Having had 2 Chows in the past, I know their spirit is strong.

#18 DON on 11.08.20 at 12:29 pm

Garth

I passed your blog onto a family member one last time in July. Heard back last week they are selling and realizing the gain. The slump before the mini boom in their area…coupled with a recession and rising unemployment rate made them realize the peak peak is in. Nothing last forever ans they are old enogh to remember the housing declines in the past.

#19 earthboundmisfit on 11.08.20 at 12:31 pm

The challenge for the GOP will be to ensure, by any means necessary, that the likes of him cannot happen again. I have no fears of his resurgence. 2024 will be a generational change.

#20 cmj on 11.08.20 at 12:41 pm

Thanks, Garth, for continually coming through with your information and common sense. Your posts are well written with humor even during turbulent times.

How refreshing and grounding it was to hear Biden’s passionate speech on Saturday. “I do not see red or blue states but united states.”

Now is the time for the US to heal under a compassionate and visionary leader

#21 Doc on 11.08.20 at 12:47 pm

I’m surprised that you are so ready so early in the process to dismiss Trump, still President, and embrace Biden. It looks to me that there are numerous egregious problems with the counting of Ballots and that the courts (Thank God we still have those) will first have to rule on the claims of fraudulent voting and ensure the legitimacy of the result before we hear Hail to the Chief for Biden.

I’m proud to be a deplorable if that’s what thinking for yourself and researching from multiple sources before forming an opinion means today. I’m grateful for Turner Nation on this blog who must also be a deplorable. This election was more about Good vs Evil than Left vs Right. We have to be vigilant and seek the truth aka the reality of what actually exists in our world no matter how painful that realization is.

For example I was raised Catholic and swallowed that Kool Aid until I started to examine alternate sources of info. It was inconceivable to me that priests could be pedophiles or that there were so many of them until one I actually knew went to prison for his crimes. So now I’m unable to just believe the media spin that politicians or much loved celebrities could not possibly be guilty of corruption or other crimes against humanity and that those who report on it must all be fringe conspiracy theorists.

I need some new conspiracy theories now because all my old ones turned out to be true.

#22 Joe Schmoe on 11.08.20 at 12:48 pm

I wish Canadians would pay attention to the lunacy in the HOC as much as the political situation in the US.

#23 Jimmy Zhao on 11.08.20 at 12:52 pm

C’mon man, CNN doesn’t get to decide who the president is.
There is no such official title as ‘President elect’
The fix was in on election night, when suddenly
people forgot how to count and called it a night.

░░▀█▀░█▀█░█░░█░█▄░▄█░█▀█░░
░░░█░░██▀░█░░█░█░▀░█░█▀▀░░
░░░█░░█░█░█▄▄█░█░░░█░█░░░░
2020

#24 Phil on 11.08.20 at 12:53 pm

Fortunately Biden will likely never step foot in the Whitehouse Garth. The Trump faction and the US military won’t allow the Corruption to do it. Is this the fall of the USA? Perhaps, but their constitution is the last domino to fall between us and the sick psychosis of globalism.

#25 Warren-the-lagging_indicator on 11.08.20 at 12:54 pm

Since we are all so consumed with facts and trends and numbers around here, why not apply Benford’s law to the election data for a fun excursion.

#26 The Totally Unbiased, Highly Intelligent, Rational Observer on 11.08.20 at 12:57 pm

It is a good thing that I do not waste my valuable time watching the Lame Stream Media or other sinister sources of misinformation. They will go on and on for the next four years or more trying to tell everyone that Joe Who won the November 2020 election in the USA and that President Trump is gone.

This is getting really funny. All the left-wing loonies will go around for the next four years or more thinking that Joe Who is the president. Truly, you cannot make this stuff up. It takes a real left-wing loony to make this stuff up. And it takes much Fake News to spread it around. The left-wing teleholics will waste years of their lives sitting around their boob tubes, like moths fixated on light bulbs, absorbing cleverly crafted fiction. In the end, this will just add to the mountain of evidence that people who watch too much television cannot tell the difference between fiction and reality.

Meanwhile, behind the scenes, and unknown to tens of millions of left-wing losers, President Donald J. Trump will continue to be the only legitimate president of the USA and will continue to work tirelessly to Make American Great Again (MAGA).

#27 BillyBob on 11.08.20 at 12:59 pm

I am glad Trump is gone.

But the simplistic Trump-bad/Biden-good is the whole polarization problem in a nutshell.

Some things will get better, others will get much worse. Biden is not the second coming any more than Trump was.

Let’s try and keep some perspective. It’s good to be hopeful and positive but when it veers into naked partisanship it becomes instantly worthless.

When Obama made his inaugural speech after his first election, I was electrified. I actual thought it was the start of something new and better.

Not so much.

Be hopeful but don’t be naive.

#28 Tarot Card on 11.08.20 at 1:02 pm

I do not like trump. Why? I read the other day he posted 20,000 lies in four years. Not sure how accurate that is as he was posting 50 tweets a day 365 times a year. That’s 73,000 tweets, so 27 percent. You be the judge.

What to me is most worrisome is why 68 million still voted for him. Knowing full well he lies. Are Americans that stupid? Or are that afraid of Biden?

As far as court challenges, my advice would have been to challenge all this in every state like 6 months ago. Picking and choosing five or six states which you lost is dumb. Why not all of them?
I have a bad feeling he will not exit peacefully and his rants will cause riots in the states.
It’s like shut up do your lawsuits and court challenges and see what happens and live by the decision.

So for me in three weeks my portfolio drop 15,000 and then gained $20,000 a wild ride for me!
Thanks for the blog Garth have a great weekend.

#29 Vexatious Litigator on 11.08.20 at 1:07 pm

Still have to worry about the mental illness controlling the guy in control until January 20, 2021. Just read his Iran guy is already plotting with Bibi and others to really jam Iran before the orange menace leaves. Then there is the talk of firings of those who did not perpetuate the made up attacks on Biden. Scary days still ahead. Also we have what we have here remember Justin’s dad? Well here’s his son four times as arrogant and one fourth the intelligence.
All of the Sunday shows dissecting events and missing the point that Trump beat himself. Had he been capable of empathizing with people affected by this virus and took some action to fight it he would have been re-elected. His incompetence and mental defects saved us from the worst outcome as far as the election went. Sad so many have died who didn’t have to according to the medical experts.

The one line you posted just instantly started this song playing in my head. Thanks now you’ll have me engrossed in the box set all afternoon.

Learn to work the saxophone
I play just what I feel
Drink Scotch whiskey all night long
And die behind the wheel
They got a name for the winners in the world
I want a name when I lose
They call Alabama the Crimson Tide
Call me Deacon Blues

Becker & Fegan (Steely Dan)

#30 Flop... on 11.08.20 at 1:09 pm

In a months time it will be 40 years since John Lennon was murdered out front of the Dakota building in New York.

Always considered myself more of a McCartney fan than Lennon, but a Lennon tune that he wrote earlier in 1980 has crossed my mind more than a few times this year as the circus of 2020 refuses to leave town.

I just don’t get as wound up as those around me by events beyond my control.

I just ingest information at my leisure, on my terms.

Don’t have any social media accounts, never had one.

Go to work each day with a 3G phone, no data, tell my wife to call me if she’s at the hospital.

Keeps my mind free and clear of the junk that seems to poison so many nowadays.

People tell me I’m missing out.

Really?

Simple man leading a simple life.

That Lennon song that pops into my head?

Watching The Wheels…

M46BC

“I’m just sittin’ here watchin’ the wheels go round and round
I really love to watch them roll
No longer ridin’ on the merry-go-round
I just had to let it go”

https://m.youtube.com/watch?v=2Kx2PbA8bCI

#31 justdeleteitifyoudontlikeit on 11.08.20 at 1:11 pm

“The good news is that this pandemic suppression will come with a massive stimulus package.”

LOL. Here’s the guys in charge of THAT:

“If we keep the Senate — which I think we will — and I become budget chairman, I’d like to create a dialogue about how can we finally begin to address the debt,” [Lindsay] Graham told Roll Call on Friday. “You’ll see from me a reliable conservative, vote. You’ll see from me, stopping an agenda I think is bad for the country.”

On Thursday, Senate Majority Leader Mitch McConnell said the U.S. economy is “really moving” toward recovery.

“I did think the unemployment figure this morning of 6.9% is a stunning indication of a dramatic comeback of the economy,” McConnell (R-KY) said at a press conference. “That coupled with the Gross Domestic Product growth in third-quarter indicates that our economy is really moving to get back on its feet.”

Doncha’ remember the Republican senators and the House Tea Party caucus under Obama?

#32 Dogman01 on 11.08.20 at 1:14 pm

Garth – between you today and Ryan yesterday, I may make some serious money.

I know your blog creates trust and clients, but for those of us unrepentant DIY people. But do you have an Animal charity we can use as a Tip Jar to repay some of this free advice and guidance?

#33 Grunt on 11.08.20 at 1:16 pm

I saw America out in the streets celebrating. Not a wise thing to do in a pandemic. If you ask me either sides little better. The dems may well sit on their hands and do little about the divide.

#34 Ace Goodheart on 11.08.20 at 1:18 pm

The entire recovery back to normal seems to rely on there eventually being a functional vaccine against SARS-2.

People just do not realise or accept, at all, how much of a big “if” that is.

The entire concept of a vaccine, creating artificially anti bodies and T cells which would then persist in a person’s body and be capable of recognizing and taking out a SARS-2 infection, before it developed into a full blown COVID case, does not fit with what we know about SARS-2.

It is a mutant. It is made of RNA. It is capable of feats of evolution that would take DNA organisms millions of years to accomplish, in months. Some say weeks.

It jumps from animal to human, then back to animal, then, newly mutated and fully vaccine resistant, back to human again.

They are currently killing every Mink in Denmark so as to prevent a vaccine resident strain of SARS-2, that mutated in their mink population and then jumped back to humans again, from becoming a new endemic human strain.

There is no vaccine that can handle every known strain of SARS-2. That is why borders remain closed. If you want to vaccinate your population, you need to control the strains that your population is exposed to.

The SARS-2 nightmare is nowhere near over. It probably never will be.

Dreaming of vaccination is nice if you are having trouble sleeping. But like your Prozac, it only works if you keep popping that pill.

#35 Dogman01 on 11.08.20 at 1:27 pm

#5 Rook on 11.08.20 at 11:31 am

I have to agree with you, a return to the status quo Trends of the last 30 years, all good news for my portfolio and continued destruction of the western world’s working class. (Uber Nation)

Biden – “an errand boy sent by grocery clerks to collect a bill”

One of the posters suggested a read of this, quite well done. 1st Chapter is the summary of book in a nutshell part.

https://www.principles.com/the-changing-world-order/#chapter1

On his cycle chart we are obviously at the Wealth Gap, Debt Bust, Printing Money Phase.

Smart, self-made wealthy guys can often be a source of good non-agenda driven analysis. (like Garth’s stuff)

#36 vincent on 11.08.20 at 1:27 pm

I have been in Revelstoke in BC the past 2 weeks and I am somewhat stunned at the price of homes here. Yes the mountains are beautiful but 700K for 100 year old houses which likely need some renos..no thanks. Plus you are 4.5 hours from a major airport and often cutoff from the east driving when Rogers Pass closes. Houses 20 years ago were in the 150-200 range and now 700K.
And frankly there are places all across Canada like this. The real estate market at some point will come crashing down but I have given up trying to figure out when that will be..2 years, 5 years, etc.

Mortgage rates cant get much lower..central banks cant print unlimited amounts of money (or can they??) without destroying the value of all currencies. How long does this insanity go on for..even Garth doesnt know..

#37 Drill Baby Drill on 11.08.20 at 1:32 pm

All this talk of negative interest rates is bringing me heartburn.

#38 Figmund Sreud on 11.08.20 at 1:37 pm

Winner of Trump-Biden race will be determined by courts! Period.

We don’t know who won, yet. MSM does not declare presidents, … neither do congratulatory messages to Biden by western satraps. (… just imagine if Trump actually manages to be declared a winner by courts, … oh, vendetta!)

So, cool your jets, … stock up on popcorn and watch with awe. As popcorn stock depletes, … this wait will divide the fractured U.S. even more than it already is. And pray, … pray that Trump does not decide to form a third party! After all, … vastly more Americans voted Trump than, … say, Canadians for Maxime Bernier.

Anyway, … for entertainment purposes only:
LINK DELETED

Best,

F.S. – Calgary, Alberta.

You lost. Suck it up.- Garth

#39 leebow on 11.08.20 at 1:39 pm

Some people are just too blind to see Trump for what he is. They can’t be helped.

Others knew he is an immoral lying imbecile. But still supported him. In a weird twist of logic they believed that he was acting in their interest. A bad tree cannot produce a good fruit.

The worst harm is self-harm. Nobody can prevent it but the victim. Still a lot of people are just waiting for another chance to hurt themselves. Go figure.

#40 FreeBird on 11.08.20 at 1:40 pm

#15 -=withwings=- on 11.08.20 at 12:07 pm
—————-
Matthew Morgan advised Pence for yrs. Both sides built legal teams in Sept. DT hired lawyers from three major firms plus 1000s of volunteer attorneys/poll watchers from across US. RNC pledged $20m on voting rights suits and lawsuits in Sept. His legal team. Interesting.

https://www.motherjones.com/politics/2020/11/trump-vote-counting-guiliani-bondi-sweeney-lewandowski/

#41 MF on 11.08.20 at 1:42 pm

5 -=withwings=- on 11.08.20 at 12

Propaganda/kool-aid come in many forms, and anyone should see your post is mostly democrat propaganda too.

Some stuff i can be on board with (China, sanctions), but the mid east peace treaties were a huge success for the Trump administration. They actually weren’t peace treaties at all. They were better. Normalization. They weren’t contingent on the settlements either, but kind of left the door open to internal Israeli negotiations on them. Israel has it’s own left and right political scene and conflicts like everyone else. It takes time to change policy as it should in any democracy. Nothing was violated as you stated (and tried to blame Trump for).

The election was nothing to celebrate. We needed a definitive winner either way and didnt get that. We got a wishy washy unofficial slim victory for the presidency so far, a divided congress, and US as a whole.

Pretty lame when the market goes up and everyone is excited because everyone hopes the new president won’t be able to enact any of his campaign promises.

MF

#42 Dolce Vita on 11.08.20 at 1:44 pm

“It’s just a shame, and dangerous, that 68 million people actually believed this crap.”

Well you know Garth, the Human IQ Bell Curve shows the MEAN IQ is 100 and that splits the population roughly in HALF, above and below that number.

As of a few minutes ago and CASE IN POINT:

75,215,986 (Biden, the “right side” of the bell curve)

70,812,803 (Trump, off into wild blue yonder “left side” of the curve…well, well out there)

Mother Nature not that kind to about 70.812803 million Americans.

————————–

Too bad, too sad.

#43 FreeBird on 11.08.20 at 1:47 pm

#32 Dogman01 on 11.08.20 at 1:14 pm But do you have an Animal charity we can use as a Tip Jar to repay some of this free advice and guidance?
——————
Good idea. I give to our local animal shelter every year along with old towels, bed linens, comforters, and other items from the online ‘wish list’ plus int’l rescue groups who seem genuine the odd time.

#44 Squire on 11.08.20 at 1:47 pm

Careful what you wish for. Trump may have been rough around the edges but he was well meaning and all American. Since 2016 the media and Democrats have not accepted that he won in 2016. They have called Republicans racists and all sorts of things. Have tried to impeach Trump. Treated him disrespectfully and so on. I have never seen a President treated so badly. The truth is the Democrats and especially Pelosi have had nothing but hate for Trump. The truth is over 70 million Americans votes for Trump and the big blue wall didn’t happen as the media and all the polling folks thought. Again, they got it wrong. That tells me that alot more people wanted Trump. It is possible that there could be issues coming out about how the vote counting took place. We will see.
I’m not a complete fan of Trump but one has to admit he was treated badly since 2016 and the hatred from Democrats has been quite alot more than if it was the reverse. Republicans didn’t treat Obama like this or any other Democratic President. Just saying, don’t swallow everything the media says as we are not living in the same world as 20 years ago. There is alot of opinion out there not news and social media has become the weapon of propaganda. It’s amazing how they have turned Trump into the enemy and not the CCP.
Open your eyes.

#45 mark on 11.08.20 at 1:51 pm

The vaccine everyone is waiting for may be useless, They have found another mutated version that people have caught from mink farms in Denmark.
250,000 in lock down and confirmed cases of people catching a new mutated strain from the minks. Total chaos.
WHO denies this, but science is worried.

https://www.cnn.com/2020/11/07/europe/mink-covid-19-denmark-update-intl/index.html

#46 Figmund Sreud on 11.08.20 at 1:56 pm

#38 You lost. Suck it up.- Garth
______________________

So, … so very presumptuous of you, … no trouble at all!

F.S.

#47 westcdn on 11.08.20 at 1:58 pm

I think 2022 is going to be a very important year – new US senate and house elections. Enough time will have passed to render judgements on Biden’s policies and he can issue executive orders, a few will be to kill Keystone XL and probably the railroad from Alaska through Alberta. The future looks bleak for this Province in the period.

I do not expect interest rates to rise, more fiscal stimulus with higher taxes and continued monetarization of public debts (MMT). I expect the Bank of Canada to buy most provincial bonds. I am not counting on an generally effective CV19 vaccine, more likely the virus will fade – quicker with mutual respect. Thus I expect a weak GNP.

IMO, cash has become a measuring stick, not a store of value – better to own hard assets. I can’t recommend gold because it volatile and emotional – but then RE is also emotional.

Current plan based on the above is to buy the best divvies I can find. I will probably try my hand at options again. I did well overall last time in March but most were losing bets but a few paid big.

I like to believe I live in the real world and the Elites with their minions live in a bubble within it. In many ways, they act like a virus and lost touch with Joe average.

I think that is why Trump did well. Too many Americans have been left behind by the “establishment” and Trump represented their best hope to address the wealth divide without socialism. MMT will work for a while until too many people game the system.

There is always hope. I and others will always love sharing a laugh and meals together.

#48 Dolce Vita on 11.08.20 at 2:05 pm

Woke up this morning to a joyful Europe, Biden 46 (that could not go out on the streets last night to show happiness, for the curfews).

What follows are some headlines from European MSM, in their own languages.

My favorite from Italia and oddly from Commie “Il Manifesto” (Zen, Laconic as usual):

https://i.imgur.com/7YwFLyx.png

The English are not the only ones with dry, low key sense of humour…this from Italia’s “Il Giornale” with that special waft in case your are visually slow on the uptake:

https://i.imgur.com/t7DOTGu.png

While everyone else falling over themselves in congratulations to Biden and America, I ESPECIALLY liked Sweden’s Aftonbladet (first out with this) suggesting Trump listen to family and in as many words “PUT ON HIS BIG BOY PANTS AND ADMIT DEFEAT” in their article:

https://i.imgur.com/8wEURGV.png

—————-

The rest falling over themselves congratulatory:

UK (where everything is LIVE even if it isn’t)
https://i.imgur.com/E9t6i8I.png

France
https://i.imgur.com/pEIFAOX.png

Deutschland (can you tell they were excited?, well except for understated Angela well captured by Süddeutsche Zeitung)
https://i.imgur.com/rNFrscn.png
https://i.imgur.com/50a42Yo.png

Spain that loves drama
https://i.imgur.com/BYCFRrZ.png

Nederland
https://i.imgur.com/4UcDhy1.png

Italia again, RAI its state broadcaster, enamored by a 150 pt font size – the bigger the fond, the MORE LOVE
https://i.imgur.com/pvLLuKO.png

——————————-

PS:

“Turn off BNN. Learn to play *sax.”

* “e”

Ya, I know Garth.

#49 Jake on 11.08.20 at 2:09 pm

Possible FED support for negative rates? Hope not.

#50 looking up on 11.08.20 at 2:12 pm

Damn you Apocalypse 2020.

Because you “warned us to Prepare” I took a third mortgage on the house and built a bomb shelter in my back yard.

But after the election there was no mayhem and destruction but rather laughing, singing and hugging.

Now Home Depot won’t refund me the bomb shelter materials because they’re “used”. What do I do with them now?

Thanks a lot.

#51 Drill Baby Drill on 11.08.20 at 2:19 pm

To me implementing negative interest rates is a total self admission of FED failure.

#52 Joseph R. on 11.08.20 at 2:24 pm

#40 FreeBird on 11.08.20 at 1:40 pm

————————

Bunch of grifters! You can’t win a lawsuit against math.

#53 FreeBird on 11.08.20 at 2:27 pm

NCRM investigation finds more then 12 WH officials either under investigation or sb for possible violation of Hatch Act per govt ethics watch dog etc. Like all other legal issues around the WH we’ll see what happens.

#54 Masks really do make some people more attractive on 11.08.20 at 2:39 pm

Trump’s a goner, but Trumpism is here to stay. If the GOP finds a candidate that isn’t carrying Trumpian baggage and personality disorders, calls out wokism, and has a coherent foreign policy, they’ll be swept into power on a bipartisan wave.

The GOP increased their vote totals in every demographic, save white college grad males. Black’s, latino’s, and white women’s vote totals all increased from 2016. Biden will reverse protections for women’s single-sex spaces, sport teams, scholarships, and prisons on his first day in office.

The 2024 election will be fought over woketivism, without Trump’s off-putting personal failures to sway one’s decision. Kamala, the likely Dem presidential candidate, already has pronouns in her bio. If she also caves to the ‘progressive’ Khmer Rouge faction that support Bernie and AOC, Dems will be toast.

Go woke, go broke.

#55 Dolce Vita on 11.08.20 at 2:42 pm

Forgot one other European Biden happy trope.

The UK really does have a dry sense of humour, so much so, that it impressed Italia’s “La Repubblica”.

Madame Tussaud in London, upon learning of Biden’s victory, immediately transformed Trump into a run of the mill retiree:

https://i.imgur.com/d0ZMSpr.png

———-

European Virus Porn (sort of)

This from Nederland’s De Telegraaf:

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

I liked it that they even thru in a “Paris Match” finger blur rectangle and I wonder what “ASO Van de Week” means in Dutch?

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

———-

TRAVEL TIP:

Do not show a digitus impudicus in the land of Van Gogh. Clearly, the Dutch have never driven on an LA freeway.

—————————————

PS – Inspiring European Virus Porn:

Many elderly in Italia have died during this pandemic because of the DAMN VIRUS. But this morning I woke up to this from the City of Pordenone, where I live in Italia, to how they are taking care of the older generations and those in self-isolation or quarantine, it was COMFORTING to read:

https://i.imgur.com/BZog9L9.png

There is hope after all and it DOES Spring Eternal.

#56 RussianBot on 11.08.20 at 2:44 pm

Trump is but one very flawed man.

All this focus on one man. The true problem is the permanent bureaucracy, the international billionaire class, the propangandistic media, and big tech.

They are the new eternal power structure that has no mandate and cannot be removed from power. They are the ones who hold all the cards.

The corona virus is being used to advance their interests. Shutting down small businesses and schools will allow big tech companies like Amazon to take their place. Everyone will be educated online. Total information and economic control.

#57 justdeleteitifyoudontlikeit on 11.08.20 at 2:46 pm

Gonna switch my stated baseline assumption from “polls predicted a Biden win, and here we are” to “of course the Dems cheated, and they’re going to get away with it!” just to own the snowflakes some more.

#58 Steerage on 11.08.20 at 2:50 pm

#45 mark on 11.08.20 at 1:51 pm
The vaccine everyone is waiting for may be useless, They have found another mutated version that people have caught from mink farms in Denmark.
250,000 in lock down and confirmed cases of people catching a new mutated strain from the minks. Total chaos.
WHO denies this, but science is worried.

https://www.cnn.com/2020/11/07/europe/mink-covid-19-denmark-update-intl/index.html

…..
Here read this…..

https://www.statnews.com/2020/11/05/spread-of-mutated-coronavirus-in-danish-mink-hits-all-the-scary-buttons-but-fears-may-be-overblown/

#59 Ace Goodheart on 11.08.20 at 2:52 pm

RE: #45 mark on 11.08.20 at 1:51 pm

The vaccine everyone is waiting for may be useless, They have found another mutated version that people have caught from mink farms in Denmark.

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

This isn’t the worst part of it. Tragic though it may be, those minks were being raised for their fur and were going to be “farmed” anyway.

The real COVID tragedy yet to occur may be the common household pet.

It would appear that SARS-2 can make the jump from humans to dogs and cats.

Our next “nightmare” scenario is a mutated form of SARS-2 making the jump from someone’s cat or dog, back to humans, and becoming the new, vaccine resistant dominant strain.

This would of course result in the government showing up at your house with orders to collect and destroy Rover, Fido and Fluffy.

#60 Dogman01 on 11.08.20 at 2:53 pm

#39 leebow on 11.08.20 at 1:39 pm

Let’s face it:

Trump would have won if it were not for two things:

– he is an immoral lying imbecile
– The China Virus

Bernie Sanders or Elizabeth Warren = something, but Biden is nothing other than he is not Trump. Establishment rule and this time directly by the DNC.

Really, that is how bad the others guys are, Trump was actually very close…

“The inner rot of all empires is very, very slow and quite insidious. Usually, the military ceases being a citizen’s obligation and becomes a mercenary operation that is increasingly expensive and increasingly useless for defense, good only for looting distant provinces or neighbors while the core of the empire rots away. The tipping point isn’t military spending overhead. The tipping point is up at the top: do the elites see the empire as a road to personal wealth? When they decide this, they go on an internal looting expedition, cutting their own taxes while increasing taxes on the lower classes. Rome did this, Spain did this and the UK did this. All empires do this.” – Niall Ferguson

I for one will welcome our Chinese masters….

#61 Apocalypse2020 on 11.08.20 at 2:55 pm

Don’t be fooled. Don’t be oblivious.

These are still the early days of Trumpocalypse.

73 Days of Disaster ahead. (At least)

PREPARE

#62 Pete from St. Cesaire on 11.08.20 at 2:55 pm

First you say that Biden is not the totalitarian dictator that so many have made him out to be, then you say that it’s a near certainty that he will have troops on the streets enforcing a lockdown. Troops on the streets equates to only one thing; violence being used against the people. Troops serve no other purpose. Prepare to live in Iraq c.2004.

#63 Dolce Vita on 11.08.20 at 2:55 pm

Biden-Harris Honeymoon.

Understandable. To be expected.

I liked it Garth that you took the time to let us know what you think will happen to Canada from Biden-Harris in terms of finances and the economy.

Good to read you have the WHEREWITHAL to avert your thinking from the honeymoon grace period to the brass tacks of the first 100 days and beyond.

As usual, nicely done My Liege and thank you.

——————-

Soft European Virus Porn

I liked it that the European MSM Photoshopped the heck out of Biden’s very bad hair plugs (the Germans even added hair), kind to say the least and it would appear they want him to live for a VERY LONG TIME by making him look a 78 going on 58.

Good on Europa I say.

And I coined this before CTV and all the other brain dead MSM did on Twitter:

Welcome back America.

#64 Stone on 11.08.20 at 2:57 pm

As Trump is discarded and ignored, the Congress and Senate will support a multi-trillion-dollar tsunami of aid, supported by buckets of QE from the Fed and even negative rates.

———

Negative rates? Was that a typo? How many times have you mentioned “not happening!”?

#65 whiplash on 11.08.20 at 2:58 pm

#38 Figmund Sreud
Winner of Trump-Biden race will be determined by the courts! Period.

The US constitution is very clear about who determines rules for elections and it is not unelected civil servants or even judges especially the night before the election is held as is the case that will be heard in federal court in Pennsylvania. Any changes to the election process has to be done by the state legislature and elected representatives of the people not political hacks. Legal teams were put in place over two years ago in all 50 states will the full anticipation of dealing with “voting irregularities/voters rights” knowing full well that this would happen. It’s not over till it’s over.

#66 SoggyShorts on 11.08.20 at 3:00 pm

#62 Bill on 11.07.20 at 10:35 pm
#24 Ace Goodheart on 11.07.20 at 3:27 pm
Obama an Biden accomplished nothing.
**********************
I’ve always felt that this was an unfair statement.
Regardless of the things they actually did accomplish, I don’t think they can fairly be blamed for those they did not.
Just as one example, Obama promised to close Guantanamo, and tried to a bunch of times, even signing an executive order, only to be halted by the Rebublicans.

Get ready for Biden to accomplish very little in the next 4 years with Mitch McConnell and the rest of the Republican Senate voting against the Whitehouse at every turn just to make Biden look bad.
This was the exact playbook when Obama was president as Mitch himself admitted. It’s the reason why with 83% of Americans in favor of some common-sense gun laws nothing passed- It would have made Obama look good and therefore the vote is no.

So, just like you need to be aware of policies that are inherited by a new POTUS you also need to blame the real power.

#67 C V on 11.08.20 at 3:00 pm

The media politicized covid 19, not trump.

Covid caused Covid to “run wild,” not trump

And if you think the death of 0.07% of the population being associated to Covid 19 is “running wild”, AND that Biden will ramp up lock downs in light of that, AND that would be a good thing…. I would guess you’d be mistaken

#68 Elon Fanboy on 11.08.20 at 3:03 pm

I’m old enough to remember when the MSN called it for Al Gore.

The next few weeks are gonna be lit!

#69 Dolce Vita on 11.08.20 at 3:11 pm

#58 Steerage

Been following that here in Europa for awhile now.

It is actually more serious and not overblown. The new strain SUPPRESSES the human immune response.

Which means, if this new strain spreads, vaccines will be LESS EFFECTIVE and DIMINISHED in their efficacy.

Here a REAL live Doctor to explain it up to and including today’s developments vs. an article from 3 days ago, watch this (this matter moves fast, understandable):

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

—————-

Hopefully the very efficient Danes have controlled it though there is talk their tourists from infected areas have gone to the UK and neighboring Germany.

Of course, NO ONE has enquired what is happening in Spain ALSO a large mink fur producer in Europe.

The furs from Denmark and Spain almost all go to Asia.

Let’s hope your articles’ assertion of overblown is correct, if not, today’s news NOT good.

#70 SoggyShorts on 11.08.20 at 3:12 pm

#64 Stone on 11.08.20 at 2:57 pm
Negative rates? Was that a typo? How many times have you mentioned “not happening!”?
**********************
Unless I missed it didn’t our host always state that they’ll never pay us to borrow money, and that “negative rates” passed on to consumers is what will never happen?
I may have misread though…

You did not. Negative rates are not retail rates. – Garth

#71 leebow on 11.08.20 at 3:22 pm

#60 Dogman01

The ruling class learned a few things from that and the 1918 July night in Siberia. That’s how people got the New Deal. I hope same will happen now.

Many Trump supporters have absolutely valid grievances – unemployment, lack of healthcare, and so on. The ruling class must produce good governance in exchange for the privilege. Otherwise, chop-chop. Trump never intended or was able to deliver. This time the elites managed to get themselves another chance. Next time, somebody will cross the Rubicon. Luckily, Trump is Nero, not Gaius Julius Caesar.

#72 R on 11.08.20 at 3:43 pm

I think Trump will never concede the election. It is not in his interest. I think he will be frogmarched out of the WH as a trespasser, and this would suit him fine. From there, he would go to host a TV “News Network”, where he will continue to spue his BS and talk to the 50% of Americans that voted for him. He will vilify FOX network as being too left, and continue with his conspiracy theories. The end result will be to blunt any healing efforts the Biden Administration might have accomplished, and set the path for another ,perhaps a Trump rerun, for the 2024 elections. I personally would like to see Trump in an orange jump suit shacked to Rudy doing the jail house shuffle. With 59% of American believing his BS, Trump will try to monetize it ,( and he has to because of the huge debts he has to deal with .)

#73 Homer from the Simpsons on 11.08.20 at 3:43 pm

My buddy at the power plant Larry from Toronto invited his crazy gf to move in with him 2 weeks later she kicked him out and now lives in his car .

We told him many times she was trouble . Now at age 44 , all he has is his car and black bags for of clothes . The city of Toronto is hell for single and married men.

#74 Not a Biden Supporter on 11.08.20 at 3:44 pm

I have serious reservations on today’s blog. While you might not like President Trump and think you’re rid of all the things that you want to stick to Trump, the cold harsh reality and truth is that Trump did not create the pandemic or the virus. If you wanted to blame someone for the deaths of millions of people around the world, you would be more correct in pinning this problem on the CCP and Xi Jinping himself. Scapegoating the man that first raised the red flag and tried to stop the virus from entering the United States is utter nonsense. You are correct in scolding Trump for not choosing science over politics, or choosing barriers to spreading the disease and physical distancing, but here’s the rub. The very controls you and others would have him do, are the very things that give government’s tighter controls over us and governments cannot resist the temptation to use this virus to further their own political agendas. Do you think what happened in Hong Kong is not already happening here in North America? Think again – the success in controlling Hong Kong citizens is on every politician agenda on the left. Today is a very sad day in the life of this blog. It appears the narrator of this blog has succumbed to the psychological pounding of the leftist drum.

Sheesh you guys are tiresome. Worry about things that matter. Communism is not one of them. – Garth

#75 Diego Santavel on 11.08.20 at 3:47 pm

Garth and others you are sorrily wrong. This is not the democrat party of the past. You will see that poverty and economic stagnation and worse will happen.

They are socialists disguising as democrats. They are promising free education, free medical, free college, university, guaranteed free annual income, free, free , free everything. Biden and Harris just finished America as we know it. This is a global socialist, communist take over.

As a wise man self made business man earlier this year, Maximo Alvavez, a Cuban American said, all they guarantee is poverty. He knows about the disaster, ravages of the Fidel Castro’s socialist tyranny and dictatorship. Good luck living in bubbles of utopia that will never exist. We are all cooked.

I will be surprised if you let my comments get posted.

No, it’s okay. We needed a chuckle. – Garth

#76 Happier Abroad on 11.08.20 at 3:48 pm

What the CBC media will never tell you, is that while people in poor third world countries suffer from poverty, they do not suffer from loneliness, isolation and social disconnection like many do in Toronto.

They do not have this epidemic of loneliness where people have trouble making friends, and guys have trouble getting dates, like in Canada. Thus there are tradeoffs between first and third world nations.

But the CBC media only cares about gender issues, as if that?s all that matters and Trudeau is all you need to be happy. They are wrong.

#77 truefacts on 11.08.20 at 3:49 pm

Garth,

I don’t love Biden as much as you do. If he had free rein, we would have a “Green New Deal” (which would bludgeon the oil/gas industry), and tax rates would be going up. I mean Bloomberg could have been his VP candidate, but he chose Kamala…she’s almost as bad as AOC and the socialist “squad”.
Is Biden becoming senile…I can show you footage of Biden gaffes – introducing himself as “Joe Biden’s Husband” or saying “poor kids are just as good as rich kids”, but when I include the links, you delete them, so no point…

Trump has many shortcomings for sure, but he did pass the tax cut that sent markets roaring higher and also presided over the lowest unemployment rates in the US at least since WWII. The US reached energy independence and is the largest oil producer in the world right now…for the last half-century this has been their geopolitical “Achilles Heal, imo.

But his erratic behaviour can be unsettling for sure…luckily the US system has a number of checks and balances and it seems likely the GOP will keep the Senate and they also reduced the Dem majority in the House. The Supreme Court will also slow any craziness…Biden might not be a rabid socialist, but many in his party sure are…

I said Biden was a centrist. He is. Be thankful. – Garth

#78 Joseph R. on 11.08.20 at 4:00 pm

#71 leebow on 11.08.20 at 3:22 pm

——————————————————

Trump is a product of the elite class, not an outsider. Wall Street likes him for that reason.

That’s why there is (was?) a lot of resistance of Trump from Main Street.

Main Street won this election.

#79 Diego Santavel on 11.08.20 at 4:10 pm

Garth, they chuckled too before the bolsheviks took over Russia to Communist tyranny for 75 years. By the way, When Trudeau and Freeland Liberals and other leftists, socialists etc. in Canada are done, we will be with a 2.25 to 2.75 trillion deficit and a 50 to 55 cents Canadian dollar to Canadian dollar.

Look at Europe, this is where we are ending up as a big socialist, fake economy with negative interest rates, one of the highest unemployment in western world and on a brink of a civil, economic, religious, financial upheaval.

Let’s see if you let me post this comment. I will not be surprised if you do not let me post this comment.

Trump sure messed up a lot of heads. – Garth

#80 Penny Henny on 11.08.20 at 4:17 pm

If the Fed are taking rates negative then gold and bitcoin are going Up!

Not unless the US$ declines, which is a gamble. No reasonable, average person in this environment should be speculating on PMs or crypto. – Garth

#81 cuke and tomato picker on 11.08.20 at 4:18 pm

I think everything will be fine .The americans will have some things to deal with but at the end of the day they will pull it out of the fire. Biden is a person who has had some difficult times . He together with Harris will work hard and be nice to the universe and the universe will be better for it but it will take time to right the damage.

#82 Gpr on 11.08.20 at 4:20 pm

Why would the move to the burbs cause regret later. I thought your advice has always been buy if you can afford. With the low rate environment, and things being clear that housing is the manufacturing of Canada, why would buying in the suburbs be a bad idea. No one is in mood to stop the housing party and we have seen what happens in a worst case scenario.. there is all sorts of support to keep the party going. House looks like a Single stock that will not lose much value esp where demand will be propped up by immigration.

I have been looking at the markets in the GTA and know some of my friends who have been bidding to buy. One recently got in after having looked at 30-40 properties. There is a lot of FOMO.The pent up demand shows no sign of abating.. by the time things cool down, next wave of people looking to buy will keep the property values up.Sad state..but GTA properties with dirt might go the London and NY way.. unaffordable for people who don’t get in the ladder and it’s showing in the market.

Buying into a rising market at the top price ever experienced with mortgage rates hitting the bottom? Sure, what could possibly go wrong? – Garth

#83 Not 1st on 11.08.20 at 4:20 pm

75,000 votes separate the two candidates. It ain’t over. Scotus has 3 of the challenges on their docket and are all about the constitution and civil rights.

You think the scotus is going to shred the founding documents to install the weakest presidential candidate in history? Think again.

People better start brushing up on the 12A.

It’s over. – Garth

#84 Flop... on 11.08.20 at 4:20 pm

Uncle WULLY, you got your ears on?

Trying hard to cheer Garth up, probably not working.

Forget about your Geelong Cats.

My Australian football team is thinking about offering the ceremonial number one ticket holder to President-elect Joe Biden.

Biden went to a Carlton Blues game in Melbourne back in 2016 and was presented with a Carlton Jumper which is probably worn as a winter jacket by his rescue dog Major.

Still sucks that the mascot of this blog Bandit is gone, but I will fill in until Garth gets another one.

Flop The Faithful Thylacine…

M46BC

https://www.afl.com.au/news/523918/-g-what-a-memory-the-day-joe-biden-became-a-footy-fan

#85 Tulips on 11.08.20 at 4:21 pm

Been around long enough to know “Bond yields will fall” means house prices will rise. The coming months will bring yet higher new highs for our infallible RE.

Rising prices and declining sales. Wait and see where that leads. – Garth

#86 Figmund Sreud on 11.08.20 at 4:32 pm

#65 whiplash – The US constitution is very clear about who determines rules for elections and it is not unelected civil servants or even judges …
_________________________________

So you presume, … Electoral College gathers in December, … 8th I think. Each state appoints electors according to its legislature. At least until that time, Trump has every right to contest the election in court! Period.

Anyway, … this was ( and it continues to be ) the most dubious and inconclusive U.S election since the Hayes-Tilden race of 1876. True, …

F.S.

Was there evidence brought forth of widespread electoral fraud? I missed it. Please link. – Garth

#87 Squire on 11.08.20 at 4:33 pm

Sheesh you guys are tiresome. Worry about things that matter. Communism is not one of them. – Garth

———————————————————
Uhm, I don’t know Garth.
China has and continues to have big plans. Some examples below:

https://www.rcinet.ca/en/2020/08/10/chinas-effort-to-buy-an-arctic-gold-mine-raises-many-concerns

https://foreignpolicy.com/2019/05/07/the-panama-canal-could-become-the-center-of-the-u-s-china-trade-war/

https://www.ft.com/content/741e72ed-e1db-4609-b389-969318f170e8

and so on and so on….. it’s pretty clear Garth they have big plans and Canadians and some Americans are asleep at the wheel. By the time they wake up it will be too late. And if you think Biden will save us good luck LOL

#88 Coho on 11.08.20 at 4:34 pm

Wow, such vitriol towards T. It is common to be sure. The establishment and it’s sycophants cannot tolerate an outsider. Instead the barnacle in the hull of the Swamp is at the controls. T was the product of people’s frustration of the previous status quo. He wasn’t hated before he went into politics. And the way he has been treated you’d think he’s a black smudge on the “pure and white” political class.

It appears that many believe, strangely enough in a supposedly free republic, that there is only one way to vote. I read that AOC wants to go after T supporters. All 70 million? Or just those swaths that went to his rallies and donated to his campaign? And this mentality was voted in to a supposedly free republic.

The USA is a republic, which protects the minorities against persecution or disenfranchisement by mob rule which can run rampant if it goes unchecked in democracies. People that are bent on persecuting political opponents and their supporters would feel much more at home in democratic banana republics.

It’s amazing, or sad really, that some people are happy enough that their person/party wins or remains in power even by hook or crook. Party over principles. Such allegiance to politicos that could care less about the red or blue leaning ‘deplorables” cheerleading for them points to the degree of conditioning and programming we are subject to.

#89 Squire on 11.08.20 at 4:38 pm

I said Biden was a centrist. He is. Be thankful. – Garth

—————————————————————-
Garth, Biden is not really the issue. It’s everything else around him including the left wing nuts Pelosi and Harris. At 78 yrs old anything can happen to the oldest President in history – Yikes !

Ageism. – Garth

#90 Linda on 11.08.20 at 4:54 pm

Unfortunately the virus is still having one heck of a party. Cases & deaths are increasing everywhere. As for the USA, I’m not sure even a complete two week lockdown would turn the tide – there are just too many who are already infected. Even worse, many still believe that this is no big deal & that complying with any health measure is a direct assault upon their rights & freedoms. Crazy times, for sure.

#91 Irish Stew on 11.08.20 at 4:55 pm

People love to blame Trump for US deaths.
No other country, including in the Euro region – blames their leadership for the COVID deaths.

Maybe because the US leads the world in deaths. – Garth

#92 Tron Light on 11.08.20 at 4:56 pm

People forget why and how Trump got in in the first place. People were upset with all the lies and corruption of lifelong politicians and Trump promised to “drain the swamp” of corruption. Unfortunately, he didn’t really do that, instead, appointing people who were part of the swamp. Biden is one of those career politicians along with Pelosi, Warren, Hillary, etc. That’s what appealed to most people in 2016 and, to a certain degree – almost 50% in fact – appeals to people today. Call it populist or whatever you want, it makes sense in my opinion to limit politicians to 2 terms and that’s it. Once you go past that, it is no longer about serving your constituents, it becomes more about serving your wallet.

#93 mike from mtl on 11.08.20 at 5:00 pm

#74 Not a Biden Supporter on 11.08.20 at 3:44 pm
I have serious reservations on today’s blog. While you might not like President Trump and think you’re rid of all the things that you want to stick to Trump, the cold harsh reality and truth is that Trump did not create the pandemic or the virus. If you wanted to blame someone for the deaths of millions of people around the world, you would be more correct in pinning this problem on the CCP and Xi Jinping himself.
//////////////////////////////////////////////////////////////

Exactly.

While we are probably not going to be hearing anymore tariff-man and other nonsense how exactly is a different president going to fix the virus? Last I checked the state level governments have been dealing with their various mitigation efforts to little success. Same as Canada or elsewhere.

The CCP sure won the trade war in the end.

>Stopped the HK protests – to then finally ‘fix’ that annoying democratic reminder on their soil
>Knocked out the western post WWII economy
>Got deadbeat Donnie out of power and their hair
>Bonus! have a fantastic new tool to quickly subjugate any mainland China city at will

With the WHO going to be calling the shots again, we’re in for a lot of problems. Normal could be next year, 2025, possibly never.

#94 Raj Pentajan on 11.08.20 at 5:03 pm

Canada and world economies are bankrupt period. All this digital currency, negative interest rates, fake money being printed is all signs of this. The days of making alot of money in real estate and stock markets are over. Get ready for all your digital dollars becoming worthless.

Garth, you just made it for near retirement but it will not be good for anyone.

Where are all the normal people today? – Garth

#95 CCPBot on 11.08.20 at 5:04 pm

#87 Squire

The alternative to Cold War with China is being totally in bed with them and adopting their authoritarian methods here at home.

The global elite were quite happy to bring them into the system and benefit from cheap labour until Trumpism questioned this. Why wouldn’t they just agree to work together with the CCP? I think that’s what will happen.

The western world doesn’t have the will to resist and will simply be bought out.

#96 Figmund Sreud on 11.08.20 at 5:09 pm

#86 Was there evidence brought forth of widespread electoral fraud? I missed it. Please link. – Garth
________________________________

What does a gingerbread have in common with a windmill? All I said, “this was ( and it continues to be ) the most dubious and inconclusive U.S election since the Hayes-Tilden race of 1876.” Would you like me to correct my statement to doubtful and still open to questions?

Best,

F.S.

How is it inconclusive? – Garth

#97 justdeleteitifyoudontlikeit on 11.08.20 at 5:13 pm

“Where are all the normal people today?”

It’s 20 degrees in the GTA. You’re stuck with the snowflakes.

#98 T on 11.08.20 at 5:16 pm

#41 MF on 11.08.20 at 1:42 pm
5 -=withwings=- on 11.08.20 at 12

Propaganda/kool-aid come in many forms, and anyone should see your post is mostly democrat propaganda too.

Some stuff i can be on board with (China, sanctions), but the mid east peace treaties were a huge success for the Trump administration. They actually weren’t peace treaties at all. They were better. Normalization. They weren’t contingent on the settlements either, but kind of left the door open to internal Israeli negotiations on them. Israel has it’s own left and right political scene and conflicts like everyone else. It takes time to change policy as it should in any democracy. Nothing was violated as you stated (and tried to blame Trump for).

The election was nothing to celebrate. We needed a definitive winner either way and didnt get that. We got a wishy washy unofficial slim victory for the presidency so far, a divided congress, and US as a whole.

Pretty lame when the market goes up and everyone is excited because everyone hopes the new president won’t be able to enact any of his campaign promises.

MF

—————

The ‘Middle East peace treaties’ are far from normalization and certainly not inline with peace. All smoke and mirrors designed to make the Trump team appear as saviours to the Christian Right. You mention Israel but fail to acknowledge the other side, and neither is happy.

There was a definitive winner based on the electoral college and the vast delta in the popular vote.

I expect better from you, MF.

#99 George Wittman on 11.08.20 at 5:17 pm

Garth, I thought you said we are not in normal times with this Corona crap that seems to not be killing everyone by now. I feel sorry for anyone born and living in the next 20 years because life will suck even more than now, big time.

George Carlin was a great comedian but his famous quote they’ve got you by the balls is more proof today then ever. Don’t think critically, believe all the BS, this is what they want.

#100 Rodney Martin on 11.08.20 at 5:36 pm

This is not one of the best. So much wrong here. Deaths in the millions had Trump won. At the existing rates of death nearly everyone in the US would have to get Covid for “millions” to die. Cases are jumping but the deaths are not increasing accordingly. Or is this another falsehood believed by Republicans.

#101 leebow on 11.08.20 at 5:40 pm

#78 Joseph R.

It’s a blanket statement to say that Wall Street likes Trump. He cut taxes, but I don’t think all bankers and money managers find the results of his administration as positive and sustainable.

In the end, everybody won in this election because we are back to the political discourse, as opposed to the shroud boys.

These days everyone needs to learn some Lenin. He was one cunning SOB.

“People always have been the foolish victims of deception and self-deception in politics, and they always will be until they have learnt to seek out the interests of some class or other behind all moral, religious, political and social phrases, declarations and promises.”

#102 Tammy Green on 11.08.20 at 5:46 pm

DELETED

#103 MF on 11.08.20 at 5:55 pm

98 T on 11.08.20 at 5:16 pm

I am going to have to respectfully disagree, T.

I don’t think it really matters who the intended target of the mid east agreements were, Arabs talking with Israelis and signing normalization treaties is a step towards peace in the region. Period.

Obama could have brokered such an agreement, but he didn’t. Neither did Bush. Trump did. And for that he deserves credit.

And the election results are what they are. The polls predicted a much bigger win for Biden than what materialized. The race was close, and is not officially over even though the media thinks it is. Trump is entitled to file grievances. This has happened before (Florida in 2000) so it is not unprecedented.

My personal stance (backed by no data or links) is that mail in balloting is not secure. How do we know the person on the ballet is the one that voted? Do they fingerprint? Use signature technology? Of course not. That is impossible. So there is a real concern there. Couple these concerns with the fact that when i went to sleep at 3 am or so election night (when the counting stopped?) many swing states were light red. Even CBC projected a Trump victory on their page. Now it is possible that the mail in ballots counted later were majority Biden, of course, but it still feels a little shaky.

I also still stand by the idea the election gave us the worse possible outcome. A divided congress, a divided US, and a “shaky” win are all the opposite of what we want -unity and clarity.

MF

#104 Kool Aid on 11.08.20 at 5:56 pm

The foreseeable future is tilted toward negative interest rates, bubbles abound, blow, burst, repeat.

#105 Niagara Region on 11.08.20 at 5:59 pm

I returned to Ontario from Pittsburgh today. Yesterday Pittsburghers were dancing in the streets, shooting fireworks, walking in socially-distanced parades, and generally celebrating (what they saw as) the victory they helped usher in. Pittsburghers were ecstatic!

#106 Ronaldo on 11.08.20 at 6:04 pm

Sad to hear about Alex Trebek’s passing. RIP Alex.

#107 SunShowers on 11.08.20 at 6:08 pm

While neither Biden or Harris are evil socialists, it WAS the Dem plan all along for her to be the nominee.

https://observer.com/2017/07/clinton-staff-donors-kamala-harris-2020/

Unfortunately for the Dem plan, nobody liked Harris, and she had to drop out of the primary before voting even began.

Luckily for her though, she had another redeeming quality that couldn’t be undone by polling a humiliating 5th place in her own state. She could serve as window dressing, to make anti-bussing Joe “I don’t want my kids growing up in a racial jungle” Biden more palatable to those who would find his racist past distasteful.

Much in the same way that Joe Biden himself served as window dressing to make the first black president of the US more palatable to white racists.

And while Biden may not croak anytime soon (although his mental acuity has been blunted by age; the man is clearly addled), he has stated his plans quite clearly himself.

https://www.politico.com/news/2019/12/11/biden-single-term-082129

#108 Slim on 11.08.20 at 6:10 pm

Where are all the normal people today? – Garth

They‘re out celebrating.

#109 Squire on 11.08.20 at 6:13 pm

I said Biden was a centrist. He is. Be thankful. – Garth

—————————————————————-
Garth, Biden is not really the issue. It’s everything else around him including the left wing nuts Pelosi and Harris. At 78 yrs old anything can happen to the oldest President in history – Yikes !

Ageism. – Garth
——————-

Not my intention. My own Father is the same age and I believe with age comes wisdom. That being said, if anyone has a chance of uniting both parties it’s Biden based on his track record. So, here’s hoping for a quieter 2021.

#110 Cowtown Cowboy on 11.08.20 at 6:17 pm

91 Irish Stew on 11.08.20 at 4:55 pm
People love to blame Trump for US deaths.
No other country, including in the Euro region – blames their leadership for the COVID deaths.

Maybe because the US leads the world in deaths. – Garth

Not too big a difference between the US deaths and Quebec..should we all pile on them?

#111 Ken M. on 11.08.20 at 6:18 pm

Sad to hear about Howie Meeker’s passing. RIP Howie.

#112 Mark Gerrid on 11.08.20 at 6:24 pm

DELETED

#113 the Jaguar on 11.08.20 at 6:26 pm

‘Where are all the normal people today? – Garth’

Here I am, Garth. Looking on from the tall grass. It’s been many months of election talk, the personalities of candidates, and other flotsam jetsam, but with shorter, colder days approaching it seems to make sense to bank this little spaceship I fly around in and proceed on impulse power. Onward.
Looking at new books to read. Jack London’s ‘The People of the Abyss’., ‘Lyndon, an Oral Biography’ by Merle Miller, or maybe some other gem. Wish I had Dorothy’s top ten reading list. It might hold some interesting titles.

#114 fishman on 11.08.20 at 6:37 pm

Now come on all you fellow Trumpsters. Biden won fair & square with the mail in vote. Just because he’s a real old guy & got the sympathy vote of the dead. You can’t expect dead people to show up at the polling station can you? Thats silly, their dead.

Trump will be 75 in six months. – Garth

#115 FreeBird on 11.08.20 at 6:38 pm

#52 Joseph R. on 11.08.20 at 2:24 pm
#40 FreeBird on 11.08.20 at 1:40 pm

————————

Bunch of grifters! You can’t win a lawsuit against math.
————————
Agreed.

#116 T-Rev on 11.08.20 at 6:39 pm

Gartho, gotta respectfully disagree with some of this again. I know you, and the rest of the dignified world, want to wish away Trumpism and it’s demagogue founder. But he lost by a squeak when you look at it. The popular vote was split pretty even. To think he’s been “discredited” is only half true- sure, in the eyes of the 50pct of people that voted Biden. But not in the eyes of the 48pct that voted for him. And the faith of his base cannot be measured quantitatively by fact checkers: and you’re way off base if you think the GOP will start to turn on him. They won’t- he and his base are the GOP at this point, and they need him. Don’t be surprised to see him in the ticket in four more years.

Plus, again with respect, I think you’ve demonstrated some cognitive dissonance wrt Trump. It’s understandable; you’re a man of principles and dignity, and you respect and believe in the democratic institutions you’ve fought to uphold your entire public and private life. You’re a classic liberal, nowadays known as a progressive conservative. And you can’t wrap your head around people supporting a guy like Trump. Like the MSM, you don’t get it. So let me spell it out:

His supporters don’t care what means he employs, it’s the end they are concerned with. They are terrified of “the left”, the same left that has called for defunding the police, open borders, cops to learn how to “shoot for the legs and de-escalate”, the left that has de-criminalized retail shoplifting in California, that wants to ban fossil fuels, who would rather ban free speech rather than *gasp* force some millennial snowflake to have to grow a set and defend their position against uncomfortable opinions, and who refuses to say “radical Islamic” in front of the word “terrorism” because heaven forbid we speak the open and honest truth. Our society isn’t perfect and we have a lot of problems, but constantly devolving each and every issue into some manufactured intersectional victim scoring isn’t the answer. And Trumps supporters are willing to bear any insult, and engage in almost unfathomable levels of cognitive dissonance, because he stood as the bulwark against all that. He’s an awful, terrible, and ultimately dangerous president. I’m glad he’s gone. But I pray that the republicans find an honest, humble and coherent replacement that can articulate the dangers and fight against them even harder and better that Trump did for 2024. But you need to understand that this guy wasn’t a fluke, and he won’t be soon forgotten. If you do that, you are dismissing all those concerns his base has, instead of addressing them out in the open and admitting that they have some merit.

Every time I hear someone say they think we need limits on free speech, that we need to have safe campuses where snowflakes aren’t triggered or offended, I tell them that when you push sh*t underground it rots and becomes fertilizer for even worse things. Trump is that worse thing- the left got what they deserved by trying to prevent open discourse about uncomfortable topics like immigration, race, and the trap of identity politics and trivialization. So dismiss Trump at your own peril- you push a turd like that down, and you never know what will grow up in his place.

Stay safe all.

#117 jal on 11.08.20 at 6:41 pm

The best thing that you said,

“The good news is that this pandemic suppression will come with a massive stimulus package.”

MONEY will conquer all opposition.
(the senate)
AND
MONEY will solve all problems.
(the pandemic)
MONEY will pacify 71 million people.

#118 Maskless on 11.08.20 at 6:41 pm

One little problem with today’s blog:

Biden won’t be inaugurated in February.

If Joe Biden had run a real campaign and generated genuine enthusiasm, Trump voters would be unhappy with his victory but would acknowledge he had won. But Biden did not win. This election was stolen, and that will be made clear when this gets to SCOTUS, which it will.

Actually Biden will be inaugurated on January 20th. – Garth

#119 George S on 11.08.20 at 6:45 pm

#42 Dolce Vita said:
……”Well you know Garth, the Human IQ Bell Curve shows the MEAN IQ is 100 and that splits the population roughly in HALF, above and below that number.”…….

You can also say that roughly half the population has below average intelligence. Average intelligence also differs by country depending on whether intelligence gets you a better chance to reproduce or not. There is an interesting movie called “Idiocracy” that touches on this subject.

Donald Trump has been quoted as saying ‘If I was going to run for president I would run for the Republican Party, they are dumb and will believe everything you tell them’ or something like that.

When I was a kid my good friend was a pathological liar. You could always count on him lying so if he was trying to tell the truth he had to go way out of his way to prove that he was telling the truth and almost never could. Once you get to know a pathological liar you can spot them easily. He was exactly like Donald Trump. He never tells the truth and never will. It is the only thing you can count on with Donald Trump.

#120 suburban coyote and pup on 11.08.20 at 6:46 pm

MF #103… one of the best comments tonight.

#121 Penny Henny on 11.08.20 at 6:50 pm

Hey Fartzy looks like you haven’t lost the bet yet.

https://www.wsj.com/articles/georgias-two-runoff-races-become-focus-for-senate-control-11604857077

Hey Garth, if the Dems get majority in the senate I would imagine that would mean a big sell off in the markets.

#122 Gpr on 11.08.20 at 6:50 pm

Buying into a rising market at the top price ever experienced with mortgage rates hitting the bottom? Sure, what could possibly go wrong? – Garth

—————————————————————

I certainly understand the risks. You have to educated us well. But my predicament is that Housing is too big to fail now whether we like it or not. Just like mortgage deferrals was brought in now, Govt and Central Banks (ultimately the tax payer including renters) will interfere to prop us Canada’s housing. So things might hit the fan but the moral hazards and partying continues like there is no tomorrow.

Real estate does not need to fail for you, the sucker buyer, to flame out. – Garth

#123 Nonplused on 11.08.20 at 6:52 pm

What, exactly, was Trump doing that was so bad, besides being a royal class buffoon? I don’t like him either but I don’t understand all vitriol directed towards his supporters. And if you separate the policies from the man, the policies were not bad. Maybe except the Iran thing.

And there is no doubt there was more voter fraud this year than ever before. I am sure there is voter fraud every year, but all the pieces were in place to make this year the worst ever. But was it enough to effect the outcome? It might be in the presidential race but it does not seem to have affected the house and senate races.

Fun fact: Trump got more votes than any other presidential candidate in history and 7 million more than he did last time. Except for Joe Biden, who had even more votes than Trump, making him the most voted for candidate in history and bumping Trump to second. Of course population growth explains much of that but also very high voter turnout for both candidates.

So even though it looks like Biden wins, the Trump voter still looms large. They’ll still be out there in 2024. The senate will make sure Biden can’t do anything drastic until then.

Another fun fact about the US political system I learned just today: The vote in each state does not directly inform the electoral college representatives; the state legislatures do. That means there are a lot of state legislatures out there that are red states that mysteriously voted for Biden that can in theory disregard the vote if they think it was corrupted and vote for Trump anyway. Probability: zero. But it is interesting. The US political system is nothing if not complex.

Anyway all cognitive dissonance aside I think Biden carries it. What voter fraud there was if any is now buried in the stacks of ballots and it would near impossible to sort it out. The key to dealing with voter fraud is prevention, so if there was any (so far not proven in significant numbers to have changed the results) the only thing they can do is tighten things up for next time.

#124 Paul on 11.08.20 at 6:53 pm

#113 the Jaguar on 11.08.20 at 6:26 pm

Looking at new books to read. Jack London’s ‘The People of the Abyss’., ‘Lyndon, an Oral Biography’ by Merle Miller, or maybe some other gem. Wish I had Dorothy’s top ten reading list. It might hold some interesting titles.

This book on cognitive dissonance would seem like an apt recommendation today:

https://www.amazon.ca/Mistakes-Were-Made-But-Not-ebook/dp/B003K15IOE

#125 Figmund Sreud on 11.08.20 at 6:55 pm

#96 How is it inconclusive? – Garth
_________________________________________

Look, politicos of all stripes contest election results all the time – you have been there, so you saw your colleagues doing this, too, I presume? – and we go through processes to make sure everything is all above board, … and never mind our velleity.

This is not some crazy aberration. As an example, … in Comox Valley – I resided there at the time – on the island, previous provincial election: “Andy Pinky’s” party contested the initial results – as did Liberals, too – both claimed all kind of irregularities, misdeeds and fraud – without giving any clear evidence of any sort, … other than hollering loudly!

And guess what? After weeks and weeks of belly-aching, tally turned out to be wrong, … it was corrected, verified, certified, … winner reconfirmed. Contestants shook hands, … and the winner was dispatched to Victoria!

How cool! True story, …

Best,

F.S.

How is the current election result inconclusive? – Garth

#126 Steven Rowlandson on 11.08.20 at 7:03 pm

I must admit there was something odd about Trump throwing his hat in the ring for becoming the next president when you compare his back ground and relationships to his proposed policy platform.
It whiffs of a conflict of interest. And in the light of that it is even stranger for white nationalists to be his supporters. The only thing that really made sense was keeping Hillary Clinton out of the White House because of her crimes. If Biden gets sworn in the fate of his nation is in his hands and if things go south it is his problem. He might find that the pleasure of ousting the Donald is transitory and the position ridiculous. But that will be his problem.

#127 Steven Rowlandson on 11.08.20 at 7:10 pm

“Buying into a rising market at the top price ever experienced with mortgage rates hitting the bottom? Sure, what could possibly go wrong? – Garth”

Running out of qualified buyers or renters; immigration not withstanding. This market is not supportable on the basis of market wage rates that are at or near the legal minimum to fight inflation.

#128 Maskless on 11.08.20 at 7:10 pm

@56 Russianbot

Very smart post! Saved it for myself. Trump was a mere symptom of the forces you’ve described.

#129 Nonplused on 11.08.20 at 7:15 pm

#25 Warren-the-lagging_indicator on 11.08.20 at 12:54 pm
Since we are all so consumed with facts and trends and numbers around here, why not apply Benford’s law to the election data for a fun excursion.

———————–

I’m not sure you can do that with polling data, Benford’s law is most commonly used to look for financial reporting fraud, but it can be applied to other things as well. Anyway I have seen some folks try it and Trump’s numbers all look close to the distribution. Biden’s do too in any state you would expect him to win like say California. But there are some anomalies in the swing states in Biden’s favor. As fun as it might be, I don’t think it does anything but maybe say where Trump’s lawyers should investigate.

Also, it should be accepted fact that there is fraud or error in any reported numbers. From what I have seen of the attempts to apply Benford’s law to this election, I am not sure it changes the outcome. Accountants know that every single financial statement they sign off on contains errors, falsified expenses, graft, and misrepresentation. But it would be too expensive to get the numbers 100% correct so they use a term “material misrepresentations”. In other words they audit to the point where they are confident the statements are mostly correct and any remaining errors are too small to move the needle. But you will never see an accounting statement that says “no errors” without the phrase “material” inserted.

#130 Dave on 11.08.20 at 7:19 pm

Other then interest rates….what will reduce real estate pricing?

#131 baloney Sandwitch on 11.08.20 at 7:26 pm

Plus Trump did not own a dog. (not even a cat). That disqualifies him in my eyes. There was an interesting article in the Washington post which compared Trumpism to a lifestyle disease, like diabetes or addiction. Basically Trumism is an amalgamation of racism, exceptionalism, recklessness, arrogance and a tendency to bully immigrants and visible minorities. Although white supremacy may be the better, term for what ails America, Trumpism is a useful, colloquial alternative. It encompasses an even wider category of people that includes not just avowed racists who have publicly supported the president but also those who downplay the problem, or align with it for personal gain, or are simply unwilling to acknowledge its history and persistence. Naming a thing is an essential first step to understanding it, and although some White people will reflexively resist acknowledging how their lives intersect with white supremacy, it may be easier to see how much Trumpism exists in all of us, including a lot of Canadians.

#132 Paul on 11.08.20 at 7:30 pm

#123 Nonplused on 11.08.20 at 6:52 pm
What, exactly, was Trump doing that was so bad, besides being a royal class buffoon? I don’t like him either but I don’t understand all vitriol directed towards his supporters. And if you separate the policies from the man, the policies were not bad. Maybe except the Iran thing.

_____________

I would say that “the Iran thing”, in severely curtailing Iran’s ability to fund terrorism across the Middle East, the taking out General Soleimani in a targeted operation (with, I believe, resulted in no loss of American life) and the subsequent agreement between Israel and some of its Arab neighbours to formalize relations, will go down as his greatest accomplishment.

Not the focus of this blog but just wanted to point out what looks to be one positive legacy from the Trump administration.

#133 Nonplused on 11.08.20 at 7:33 pm

#29 Vexatious Litigator on 11.08.20 at 1:07 pm

“Then there is the talk of firings of those who did not perpetuate the made up attacks on Biden.”

——————————–

What good will that do? Biden is going to bring his own people in regardless. And what “made up” attacks?

——————————-

” Had he been capable of empathizing with people affected by this virus and took some action to fight it he would have been re-elected.”

——————————-

It is an amazing thing that the collective continues to believe that one man can do for the collective what the collective won’t do for itself. Last time it worked was in the case of a certain Jewish rabbi about 2020 years ago.

There are many people that agree with Trump that the lockdowns are causing too much economic damage. Just look at the riots, er, peaceful protests, going on in Europe. Those aren’t Trump voters, they are people that need to pay the bills.

#134 CalgaryCarGuy on 11.08.20 at 7:36 pm

I have always thought the phrase “Perception Rules The World” was actually quite astute. It has a place in conversations about this recent U.S. election. Right now and probably infinitely into the future a very large majority of the 68 million Trump voters have the belief, the perception, that this election was rife with fraud and is illegitimate. The belief it was fraudulent by so many citizens is certainly enough to wreak havoc on their faith in the integrity of the U.S. government. It will also likely be an insurmountable hurdle in any attempt to reunite the U.S. populace into just being ‘Americans’ again. This is the real disaster of this election.

#135 S.Bby on 11.08.20 at 7:40 pm

We will see:
* negative interest rates.
* 40 year mortgages.
* split equity mortgages.
* zero percent down payments.
* massive stimulus that will make 2008 look like a warm-up.
* central banks issuing cryptocurrencies.
* direct payments from central banks into people’s accounts with the restriction that the money be spent in specific areas.
* and even more financial shenanigans and schemes to keep this real estate party going.

#136 ts on 11.08.20 at 7:41 pm

#44 Squire on 11.08.20 at 1:47 pm
Best post of the night – agree 100%. The media has been attacking Trump non-stop since his presidency. Sure, he wasn’t perfect, but at least he did keep most of his election promises. Whatever will they do now that Trump is no longer president? I guess their ratings will plummet; especially PBS and their never ending hate on for Trump – poor Judith Woodruff and Lisa Desjardins will have no-one to spew their venomous attack on a nightly basis.

#137 Paul on 11.08.20 at 7:44 pm

#116 T-Rev on 11.08.20 at 6:39 pm

______

An excellent summary.

It’s troubling. I have always been grateful for a university education (Bachelor of Arts in the early 90’s). It helped me how to think better. I am grateful for the professors who shredded my essays.

I save for the kids RESP’s each month. But I have serious reservations about them attending a university these days.

#138 theoryAndPractice on 11.08.20 at 7:46 pm

#91 Irish Stew on 11.08.20 at 4:55 pm
People love to blame Trump for US deaths.
No other country, including in the Euro region – blames their leadership for the COVID deaths.

Maybe because the US leads the world in deaths. – Garth
—–
if you Google ‘canada covid deaths’ and ‘usa covid deaths’ , for number of cases vs deaths

USA-> number of cases 10M , death 238K-> 2.38 % death rate.

Canada->Number of cases 264K, death 10,522 ->3.98% death rate.

#139 Uncle Charlie on 11.08.20 at 8:05 pm

#119 George S

“Donald Trump has been quoted as saying ‘If I was going to run for president I would run for the Republican Party, they are dumb and will believe everything you tell them’ or something like that.”

At least do a fact check …

https://www.factcheck.org/2015/11/bogus-meme-targets-trump/

https://www.politifact.com/factchecks/2018/dec/18/blog-posting/no-donald-trump-did-not-call-republican-voters-dum/

Spin and conspiracies are started by the right AND the left. That’s why I sit in the middle politically.

Let’s see what Biden can do to make America a better place. Time will tell …

#140 Nonplused on 11.08.20 at 8:14 pm

#91 Irish Stew on 11.08.20 at 4:55 pm
People love to blame Trump for US deaths.
No other country, including in the Euro region – blames their leadership for the COVID deaths.

Maybe because the US leads the world in deaths. – Garth

————————————

Replying to Garth, could it not also be related to the fact that the US also leads the world in obese octogenarians? Or is that ageism and fat-shaming? Age and obesity seem to be highly comorbid with dying from covid (among other things like diabetes, heart issues, people who would already be dead in the third world). I don’t think Trump made anybody old and fat besides himself.

It is funny how badly screwed up our minds have become. You have to reread “The Demon Haunted World” (Carl Sagan) every couple of years to have any defense. When a smoker gets lung cancer and dies we don’t blame the government, we blame the smoker. But when an old fat person dies of covid that is uniquely Trump’s fault.

Most people that die of covid already had one foot in the grave. I am not trying to diminish the tragedy of those deaths, but the fact of the matter is we all make choices and the government cannot bail us out of all choices or eventualities.

I think I will have steak for dinner. Maybe with a bearnaise sauce. Extra butter. And double stuffed potatoes and rolls with butter. Yum! I may be dead tomorrow though. Or eventually. Well, certainly eventually.

#141 Linda on 11.08.20 at 8:20 pm

#110 ‘Cowtown’ – get off the ganga, cowboy. The USA has over 234,000 deaths from the virus (as per CDC) or over 242,000 dead as per Worldometer. Canada has a little over 10,000 deaths attributed to Covid 19 to date. Even using population to explain the higher death toll in the USA doesn’t cut it. There are roughly 9 Americans per Canadian so if their rate of death were similar they shouldn’t have more than 90,000-91,000 dead to date from Covid.

#142 S on 11.08.20 at 8:26 pm

I am glad to see him gone. Tired of going to bed and hoping to wake up to president Pence. Trump never missed an occasion to make fools of his supporters. The tweets, the never ending verbal diarrhea, nearly weekly firing of some independent thinker in his entourage. Enough already. And what a waste. All he had to do was to implement his agenda and let someone more eloquent and cultured do the talking. Donald Trump betrayed conservatism and the party that nominated him just to gratify his need to talk without having anything constructive or relevant to say.

#70 SoggyShorts on 11.08.20 at 3:12 pm

“#64 Stone on 11.08.20 at 2:57 pm
Negative rates? Was that a typo? How many times have you mentioned “not happening!”?
**********************
Unless I missed it didn’t our host always state that they’ll never pay us to borrow money, and that “negative rates” passed on to consumers is what will never happen?
I may have misread though…

You did not. Negative rates are not retail rates. – Garth”
………………………………………………………………………

But if they are ever passed we may be charged interest to keep money in cash accounts?

#143 KLNR on 11.08.20 at 8:28 pm

What a glorious weekend.
Amazing weather and trump gets the boot.
love it.

#144 Gary C on 11.08.20 at 8:33 pm

To Looking Up, Re your Bomb Shelter
You can always convert it to a Wine Cellar, with Trudeau sucking up to Biden, you will need a lot of WHINE.

#145 Billy Buoy on 11.08.20 at 8:33 pm

Stimulus forever (MASSIVE DEBTS UNTIL WE GO TO WAR OR DEFAULT), there is NO ORGANIC growth for the next decade.

And interest rates are NOT CLIMBING for at least 5 years, no matter what our grand author here claims.

#146 AM in MN on 11.08.20 at 8:41 pm

Once the fraudulent ballots are in the count pile, nothing can be done. Thus Biden will be sworn in, so we deal with it.

As I posted several days ago, there is a difference between holding office, which Biden will do, vs being in power, which is a different issue.

Again, once you lose moral authority, you’re just left with raw power the old fashioned way.

The data analytics are coming in, but much more to come. One good one to look at is the number of ballots that voted for President, but not the rest of the ballot. In the US it is very rare for anyone who takes the time to vote that they don’t also cast for US Senate/House, State offices, local etc. It looks like about 450,000 of those, and only in the targeted states. Look also at the house race outcomes for evidence of this.

Also, Biden outperforming Obama in black cities in the targeted states, but not in the other states (Milwaukee, Detroit, Philly, Atlanta…vs NYC, LA, Chicago etc.)

Out side election observers might also consider that if a large area has 94% voter turnout and 100% for the establishment/ruling class candidate, that something might be worth looking into.

Doesn’t change the result, but changes the power dynamics vs say Obama in 2008 who clearly had vast numbers of people voting and working for him in every corner of the country.

I look forward to less moralizing from the western left about other countries that have similar voting outcomes from their elections. No need to pressure other countries on their political systems.

Maybe less wars, but I doubt it as every war hawk who supported and profited from all the middle east wars was a strong Biden supporter. They need to be paid back for their support.

#147 And so it begins.... on 11.08.20 at 8:45 pm

My son’s high school was declared a “covid outbreak” today. Only 2 positive cases so far but they are sending all “contacts” home for 2 weeks. Lucky for us, we chose online learning, which was a rough start, but however many of those kids they send home they do not have online set up for them.

Canada did not do better. You can’t control the wind and the rain. And the storm comes when it comes.

#148 Rural Rick on 11.08.20 at 8:46 pm

Just remember Trump is only a symptom of Mericas many problems. Until they figure out the difference between free speech and broadcasting propaganda we are in for a rough ride.

#149 Joseph R. on 11.08.20 at 8:49 pm

#101 leebow on 11.08.20 at 5:40 pm
#78 Joseph R.

It’s a blanket statement to say that Wall Street likes Trump. He cut taxes, but I don’t think all bankers and money managers find the results of his administration as positive and sustainable.

——————————————————

By Wall Street, I refer to shareholders of publicly traded equity. In their case, yes, lower taxes IS the reason they loved Trump; lower taxes means better price/earnings (P/E) ratio due to higher dividends.

#150 zoey on 11.08.20 at 8:53 pm

Again I have to agree with everything you are saying here.

The flight to the burbs is nothing but a kneee jerk reaction and not a solution. The burbs have COVID too. I expect as we are less shocked by COVID less and less people will choose to move from cities to the burbs. There’s nothing wrong with the burbs just the people that think moving there somehow solves anything except getting more space perhaps.

If we look past COVID there are some top beaten down ETF’s. Its a gift I intent not to miss.

#151 Arthur Vanden Berg on 11.08.20 at 8:55 pm

#132 Paul on 11.08.20 at 7:30 pm
#123 Nonplused on 11.08.20 at 6:52 pm
What, exactly, was Trump doing that was so bad, besides being a royal class buffoon? I don’t like him either but I don’t understand all vitriol directed towards his supporters. And if you separate the policies from the man, the policies were not bad. Maybe except the Iran thing.

_____________

I would say that “the Iran thing”, in severely curtailing Iran’s ability to fund terrorism across the Middle East, the taking out General Soleimani in a targeted operation (with, I believe, resulted in no loss of American life) and the subsequent agreement between Israel and some of its Arab neighbours to formalize relations, will go down as his greatest accomplishment.

Not the focus of this blog but just wanted to point out what looks to be one positive legacy from the Trump administration.

—————————

In a very rare admission, I have to say in this case I am not sure either way. I’d tend to think that leaving the agreement and assassinating Soleimani when he was on a diplomatic mission probably weren’t good decisions. Time will tell. If Soleimani needed to be taken out they should have done it when he was in the field conducting military operations. Then they could say “casualty in a war zone”. The way the did it was ham-fisted.

#152 Tweety bird on 11.08.20 at 8:59 pm

I heard that Twitter already has Donald Trump’s online epitath ready.
It says….

Here lies Donald Trump… And here.. And here…and here….280 characters worth! )

#153 S on 11.08.20 at 9:06 pm

Here’s an interesting comment from Charlie Munger who was never a Trump fan. The whole interview is of course priceless but this piece is interesting.

https://www.youtube.com/watch?v=pqN5LJefKTY&feature=youtu.be&t=1235

#154 stage1dave on 11.08.20 at 9:13 pm

“where are all the normal people today?”

We’re still around, but too tired from shoveling snow today to think of politics…I’m actually picking Landslide so the wife can practice her Stevie Nicks chops.

Well, and a bit of reading on the tab during intermissions…

Sorry to hear about Bandit, my sincere condolences!

#155 Paul on 11.08.20 at 9:27 pm

151 Arthur Vanden Berg on 11.08.20 at 8:55 pm
#132 Paul on 11.08.20 at 7:30 pm
#123 Nonplused on 11.08.20 at 6:52 pm
What, exactly, was Trump doing that was so bad, besides being a royal class buffoon? I don’t like him either but I don’t understand all vitriol directed towards his supporters. And if you separate the policies from the man, the policies were not bad. Maybe except the Iran thing.

_____________
If Soleimani needed to be taken out they should have done it when he was in the field conducting military operations. Then they could say “casualty in a war zone”. The way the did it was ham-fisted.

_______

A fair point.

#156 Cowtown Cowboy on 11.08.20 at 9:34 pm

#141 Linda on 11.08.20 at 8:20 pm
#110 ‘Cowtown’ – get off the ganga, cowboy. The USA has over 234,000 deaths from the virus (as per CDC) or over 242,000 dead as per Worldometer. Canada has a little over 10,000 deaths attributed to Covid 19 to date. Even using population to explain the higher death toll in the USA doesn’t cut it. There are roughly 9 Americans per Canadian so if their rate of death were similar they shouldn’t have more than 90,000-91,000 dead to date from Covid.

Us deaths: 243,768 Pop. 328,000,000…0.07%
Quebec deaths: 6,640 pop. 8,485,000…0.07%

Maybe you should try some Ganga!

#157 William R Drury on 11.08.20 at 9:44 pm

Well since you know all outcomes. I guess you agree with not allowing votes to be reviewed when counted. I guess you agree of ignoring Legal rulings and allow democrat judges to be legislators. I guess this is also what you believe would be good for Canada with a liberal dictator who decides how elections should be done. Is it that important to just concern yourself with money?
I feel sorry for you
Regards
Bob

Your guy lost. Period. – Garth

#158 William R Drury on 11.08.20 at 9:51 pm

You know the outcome?
Regards
Bob

#159 Randy on 11.08.20 at 9:52 pm

Spoiler Alert – Trump wins. Arrests are coming.

#160 Kothar on 11.08.20 at 9:56 pm

Trump will be served with divorce papers a 3rd time in 2021.

#161 TRON on 11.08.20 at 10:02 pm

I am not surprised that the media, democrats and 75% of Canadians are so happy to see Trump get tossed. However, there are close to half of Americans who voted for Trump and maybe a good deal of them voted holding their nose.

Let’s be perfectly honest. No matter how much you hate Trump you cannot disagree that Biden is behaving like an old man in decline. Harris his running mate, is a nasty person who swings anyway that gets her elected. She was the worse candidate in the dem presidential race and her personality is pounds short of sincere.

I’ve always admired Trump from afar and liked his tough stance with China. He’s a great negotiater (walked all over Freeland) and his people genuinely love him. If he’s your enemy that should concern you because if he leaves office his base have been called deplorables, stupid and racists for their crime in supporting him.

There is a legal battle over the validaty of the vote count. That will end up in the supreme court. Trump may still win. However, if Biden wins he’ll have so much infighting from the left that will be worse than anything Trump faced with the media.

If I’ve learned anything from watching US politics for the last four years it’s that the media and democrats are mean people who care little for those who don’t agree with them. There’s probably 70 million Americans who think this too and Biden is too old and too slick to get them onside. The one thing I’m confident with is that we won’t see Trump supporters burning, looting and murdering if Biden is declared president.

#162 Diamond Dog on 11.08.20 at 10:02 pm

#90 Linda on 11.08.20 at 4:54 pm

I’ve been wondering this myself. Even with the high count of active cases, fundamentals haven’t changed. Governments need to concentrate on making high quality (N-95 equivalent) masks available cheaply to the masses, use temp guns to detect high temperatures of anyone entering indoors, hand washing, test and trace, cel apps, use the models that are used to success in nations (China, Taiwan, South Korea, Singapore, New Zealand, Australia, Japan) that are largely free of this virus until we are free of it in North America.

Breaking the chain of transmission of spread, plus addressing deficiencies (Vitamin D, Zinc specifically) that weaken immune systems in those testing positive at the least, that’s all we can do until a vaccine arrives and we shouldn’t expect miracles from vaccines. There may only be efficacy at 60+% and they may need to be updated every couple years (to account for new strains, like the one rumored to have mutated in Denmark recently that may or may not re-infect those who have already had the virus). Put it together, and this virus is likely here to stay meaning the world needs to learn how to break the chain of transmission regardless of what happens now.

We can tell ourselves also that this isn’t the last pandemic the world will face, the globe will need to learn this. I wouldn’t expect any well informed, competent government to do any less. Otherwise, we’ll have to live with it. And, die with it which may actually please some anarchists out there who would like to see the world burn but for those who are mentally healthy and made aware, the choices are clear.

#163 The second coming on 11.08.20 at 10:10 pm

#91 Irish Stew on 11.08.20 at 4:55 pm
People love to blame Trump for US deaths.
No other country, including in the Euro region – blames their leadership for the COVID deaths.
______________________

Maybe because the US leads the world in deaths. – Garth

__________________________________________________________

Very true. Especially when you choose not to pro rate the number to take into account their considerable population. USA is actually #10 and has been in that position going back to April. And the next 10-15 countries behind the US are not much better off when looking at deaths/million.

And people trust you enough to listen to your financial advice?

#164 Diamond Dog on 11.08.20 at 10:10 pm

#157 William R Drury on 11.08.20 at 9:44 pm

Fake empathy with envisioned pipe dreams from a sore loser… wasted time actually reading what you have to say. I’ll make an effort to try not to do that again.

#165 Gravy Train on 11.08.20 at 10:13 pm

#123 Nonplused on 11.08.20 at 6:52 pm
“What, exactly, was Trump doing that was so bad, besides being a royal class buffoon?[…]” Does this answer your question? “[…] He kowtowed to Vladimir Putin. He cozied up to Kim Jong Un. He alienated us from our allies. He put children in cages. He villainized the press, hid his tax returns. He tear-gassed peaceful protestors. He pardoned his criminal buddies. He extorted Ukraine. He misled us about COVID. He dismantled the Pandemic Response Team. He dismantled healthcare. He called neo-Nazis ‘very fine people.’ He hired a never-ending parade of imbeciles. He lied, lied, lied, and lied, and then he lied some more. He is a liar and a cheat who wants them to stop counting thousands of legitimate votes—and almost half us are apparently okay with that. Half of us want it to keep going for four more years. I don’t care what you think of Joe Biden. If Joe Biden stopped by my house every morning to key my car and pee in my pool, there still would be no question which one of them I’d vote for. None.”
— Jimmy Kimmel

#166 Vexatious Litigator - Why hasn't Trump been named one? on 11.08.20 at 10:22 pm

I don’t usually read the comments anymore because it prompts me to post things I shouldn’t. Reading at least a good bit of them today shows me that even those with no use for Trump, that are glad he’s been beaten, have bought into some of his lies without even realizing it.

While I’m glad that the orange menace will be gone the rot started long before him and he just took advantage. As a conman does. Mcconnell and the other enablers in the senate were the bigger problem before Trump even contemplated running and all of them are still there. They are actually more dangerous.

In Kentucky (as a number of other states) they chose their own name for the ACA (Obama care) people there asked about Obama care rail against it, call it by the state chosen name and they have nothing but praise and many espouse on how it saved their or a family members life and they’d die now without it. Those same senate clowns are desperate to dismantle it with no plan to replace it. Those same people support Mcconnell and the rest of the senate reprobates. People don’t vote on issues, they don’t know or understand them, increasingly they just vote for their team. A guy died from coronavirus in October but was voted into office on November 3rd.

Much of this applies here in Canada too. Back when Harper was still in office a young guy at a place I frequent proudly told me how he was voting for Harper, this happened in the GTA. He was quite deflated when I explained to him he couldn’t and how our elections work. Smart young guy just about to enter university but no one ever explained this to him before. Essentially he was just voting how his parents voted.

People really need to become more informed so they aren’t so easily bamboozled by these candidates eager to take advantage of the lack of knowledge of the general electorate.

#167 Figmund Sreud on 11.08.20 at 10:26 pm

#125 How is the current election result inconclusive? – Garth
_________________________________________

Consider, as of Sunday, November 8, following stories are still very much abuzz:

– America Should Welcome Review for Close Counts Jonathan Turley, The Hill

– The Crisis of American Democracy Is Not Over Adam Serwer, The Atlantic

– Media Doing All They Can to Help Biden Claim Victory Mollie Hemingway, Media Buzz

– Trump’s Attempts to Fight the Election Result Will Fail Sidney Blumenthal, Guardian

– 2020 Election: A Crisis of Legitimacy Roger Kimball, American

– The Tribal Journalism of Cable News Is at a Crossroads Joe Ferullo, The Hill

– Republican Backlash Against Fox News Explodes John Nolte, Breitbart

– The Kafka Election: Finding a Way Out of the Maze Frank Miele, Real Clear Politics

Anyway, … this is far from over: stance at 8:20 p.m MT

ELECTION 2020: Biden/Harris: 259 /Trump/Pence: 214

… over and out.

Good night!

F.S.

#168 TurnerNation on 11.08.20 at 10:38 pm

Might be advisable to travel now, and sell your classic cars, while you still can. I saw day ago Biden signed on to the Paris Climate accord. They are just biding their time.
I maintain this all is an attack on our travel rights.
Hasn’t it been: lockdowns, curfews, quarrantines, stopping the spread of Capitalism.

Oh yes Calgary voted to defund the police. Look around. What you see is what you will get. No new infrastructure will be forthscoming. Cities are broke. It will decay, Soviet Kanadian block style.
All further spending will be toward the Poverty Industry. Driving more to (legalized drugs) and flooding our streets.
The British Empire was built upon the opium wars. Look whos face is on the back of our coins.
Kanada. Same old same old in this WW3.
We are but a colonial fentaynl, opoid dumping ground.

#169 Apocalypse2020 on 11.08.20 at 10:40 pm

Noteworthy:

Russia and China have both refused to send any congratulations to Biden.

They have bigger plans.

https://www.theguardian.com/us-news/2020/nov/08/russia-and-china-silence-speaks-volumes-as-leaders-congratulate-biden

And Iran is demanding compensation.

How big will this blow up?

PREPARE

#170 tccontrarian on 11.08.20 at 10:41 pm

this post sounded like a CNN piece, so I decided to reload my browser…but still same.

Can any of you suffering from TDS (Trump Derangement Syndrome, if term not familiar), please explain to me and yourselves, why did Trump nearly DOUBLED the % of votes gained from African-Americans (men and women), as well as from Hispanics, and LGBTQ?
My guess is that many saw thru the guy that said “if you don’t vote for me you ain’t black!” (hint: NOT the orange dude)

Please explain this to me as i don’t get it. That includes the host here.

tcc

#171 T on 11.08.20 at 10:49 pm

#103 MF on 11.08.20 at 5:55 pm

Have you read the ‘treaties’? They don’t lead to normalization, and in fact don’t do both sides justice. Previous leadership didn’t go down this road as it’s not peace nor normalization. Look at the actions of all sides since this was signed. It’s a sham and a travesty.

Now as per your stance (which is not based on any data). Mail in voting is very secure, there is a level of signature matching amongst other measures to ensure votes are legitimate and someone can not cast multiple votes.

As for the vote count changing overnight. The world doesn’t stop when you go to sleep. There are many reasons why the mail in vote was majority democrat, the main being Trump told his followers not to mail in and to vote in person (during a pandemic nonetheless) while democrats urged mail in.

The US is not as divided as many may believe, especially looking from the outside in. Most Americans are Americans first, party second. Having family in the US, and living there for several years now, it’s something I’ve learned first hand. Trump can start all the lawsuits he wants but democracy will prevail and republicans will reign him in, even if they have to denounce him entirely.

There is a segment of the population, the trump cult, which are ride or die trump. I assure you, they are not the majority of Americans, they aren’t even the majority of republicans. However they are very vocal, some very dangerous.

#172 The Totally Unbiased, Highly Intelligent, Rational Observer on 11.08.20 at 11:02 pm

Technically, President Trump won. Then, really bad scoundrels tried to steal the election away from him. President Trump knew in advance that this would happen. He is a Great American Prophet. Of course, some will try to argue that it was an easy guess that the Demonrats would try to steal things, since they lack good morals. The Mainstream Mess tried to declare that Joe Who had won, but nobody can take them seriously anymore after all their Fake News.

Study The Donald’s most excellent books and learn. Just going away quietly and letting the Demonrats steal the election would not make President Trump a “nice guy.” It would make him a schmuck. So, that is not going to happen.

The occasional small-minded “world leader” is making a big boo-boo by congratulating Joe Who on his supposed win. The smarter world leaders are still waiting to see who really wins in the end.

#173 Nonplused on 11.08.20 at 11:28 pm

Hmm just watching some Scott Adams, america’s #1 cartoonist, vblogger, conspiracy theorist, prognosticator, and predictor.

Here is a summary of him going “Sherlock Holmes” on voter fraud:

Did democrat leaning poll workers have a motive? Of course, they are stopping Hitler. The biggest motive of all time.

Did they have opportunity? Of course. This was one of the least observed elections in years due to covid.

Would they be fearful of consequences? Probably not. Voter fraud occurs every election but hardly anyone suffers severe consequences.

Are there statistical anomalies? Yup they keep rolling in (he provides links below). The internet sleuths are on it.

He goes on to mention Benford’s law and how Trump and down ballot polls more or less confirmed but Biden polls in some cases did not. However I am still not sure the use of Benford’s law is appropriate for polling results.

To me, the most curious thing of the whole thing is that we went to bed on Nov. 3rd with Trump well on his way to winning. Then all week long it was a toss-up. But come Saturday morning they had found enough Biden votes to declare him victorious. Even if there was not one single ballot miscounted and the results can be 100% certified that is a complete disgrace.

#174 Rod on 11.08.20 at 11:45 pm

The vote was rigged? Where are the critical thinking skills. Somehow the Democrats are smart enough to rig ballots for Biden in fifty states but somehow too dumb to make sure they rigged the senate as well and even got so stupid they forgot to guarantee that the house gained seats instead of losing them! I cannot believe that people are so dumb they believe this garbage!

#175 TurnerNation on 11.08.20 at 11:57 pm

https://archive.is/9YygF
N.L. takes first step toward basic income as NDP motion passes in legislature

As expected. That’s the point of shutdowns in every (former) First World country. ALL of those will have the same UBI soon. This is a global rollout with tight timelines. Appears Biden is wasting no time in prepping for an economic shutdown or hinting at it with broad language.
That would set the world’s #1 economy, then as…China’s.

…..
TurnerNation on 10.25.20 at 5:42 pm … UBI coming in Q1 that’s the plan.
#116 TurnerNation on 11.01.20 at 11:46 pm … Hang in their guys, by Q1 next year you’ll have UBI and likely a place to live – a re-possesed or
#1 TurnerNation on 10.29.20 at 3:16 pm … UBI in Q1 bank on it. imo

#176 Ronaldo on 11.08.20 at 11:58 pm

#44 Squire on 11.08.20 at 1:47 pm

Well said. Refreshing to read something more positive.

#177 Robert B on 11.09.20 at 12:04 am

Media does not pick the president.
The Electoral College does…

Electoral College electors in each state don’t vote until Dec. 14

#178 Reynolds753 on 11.09.20 at 12:24 am

#83 Not 1st on 11.08.20 at 4:20 pm

OK, then, perhaps another sip or two of the Kool-Aid?
It is over. Just accept it. Your rants are very tiresome to say the least.

#179 Epiphany on 11.09.20 at 12:26 am

I think I just figured out why many of the things that they talk about in the US can never happen at the federal level. Things like medicare for all, UBI, free university, etc. It’s because these things are within the jurisdiction of the states! If California wants to go ahead and pay reparations or UBI or whatever they want to do, they can go ahead and do it! They do not need Montana to comply. And Montana need not enact similar measures if they chose not too.

It is easy as a Canadian to assume all measures and powers granted to Ottawa in Canada are also granted to the US Federal government, but it is not so. US states are not provinces. They are more like individual countries within the EU.

Anyone from Canada who has worked in the US will see the truth of this. There are literally 50 different tax rules for 50 different states. Texas follows the former NAFTA agreement and won’t tax you if you are a non-resident. New Jersey does not and will tax you for every hour you spend there. You can also see it in what’s happening with drug laws. Since the constitution does not give the Federal government specific authority over drugs of any kind, and all authority not specifically given to the federal government by the constitution reverts to the states, many states are flipping the finger to the US federal government and writing their own drug laws.

#180 april on 11.09.20 at 12:40 am

#10 Don’t be naive, both sides are one and the same.. corrupt.

#181 aW on 11.09.20 at 12:55 am

Please don’t be too embarrassed to continue your blog into Trump’s second term. Cheers!

#182 AM in MN on 11.09.20 at 1:09 am

Lot’s of people around the world are about to get a deep dive lesson on the US constitution over the next month…

With lawsuits filed and ballots left to count, it will take a while before the Sec. of State of each of these states will certify the vote. Legislatures are also holding hearings.

Too many statistical anomalies to ignore.

The nuclear option is that the legislature, not Governor, has the power to decide that the election was too tainted with fraud, and nullify the election and appoint the electors to the electoral college. If that happens in PA, MI, WI and GA… all with Republican legislatures, and fully constitutional, you’ll want to be in the plywood business in most cities.

#183 Jane24 on 11.09.20 at 1:20 am

I cannot believe that the comments section of this blog are still going on and on about the political situation in a foreign country. For goodness sake we are Canadians, don’t we have enough problems of our own to ague about without importing more from another country.

Here in Britain it is the same, one solid week about the news, unlikely news and fake news about what is happening thousands of miles away. The fact that we have 20,000 Covid 19 cases per day, Brexit will be finalized in 7 weeks, the EU has terrorist attacks and we can’t Christmas shop because we are in another lockdown, actual things the Brits care about, are getting very minor coverage. All the media are totally obsessed with these foreign election ramifications.

Can we not all move on and leave America to sort itself out. Not our problem.

#184 TurnerNation on 11.09.20 at 1:32 am

How to prosper in this UN-Regime led Post national state known as Kanada.
1. Quit your job and take the UBI
2. Visit all the new Weed stores cropping up in your town for T2’s soma
3. Register the Greaterfool username “StonerNation”.

They pretend to pay us, we pretend to work.
A toast to our health Comrades, and the end of capitalism.

#185 Faron on 11.09.20 at 1:35 am

#123 Nonplused on 11.08.20 at 6:52 pm

What, exactly, was Trump doing that was so bad, besides being a royal class buffoon? I don’t like him either but I don’t understand all vitriol directed towards his supporters. And if you separate the policies from the man, the policies were not bad. Maybe except the Iran thing.

Man, the formaldehyde vapours weeping from the OSB in your Calgary McMansion are really getting to your head NP. I’d be happy to bury you with a very very long list of actions that anyone not deluded by whatever magic Trump exudes would see as atrocious, the most recent being throwing the orderly transfer of power under the bus and leading the US political system as close as it’s been lead to the brink of authoritarianism since its founding.

I really don’t get why a Canadian like yourself insists on inane armchair punditry about a president and politics that amounts to a lite perusal of right wing media sources, twitter accounts and a dash of 4chan. Does it make you feel worldly? And why you would focus on electoral mechanisms you don’t personally know nor understand while somehow thinking you are authoritative enough on to make comments here is beyond comprehension. Furthermore, it’s even weirder that you would extend that punditry to licking the boots of the worst president of US history while siding with a minority in the US who are adhered to the orange blob because he delivers them the space to exercise their inner racist/power grabber/greedy miser/inner rage.

As I ask any Trump supporter, Why? And when I get typical shallow answers I then ask what’s wrong with you. And when they are Canadians I ask that they log off of their da da’s computer and put on their PJs and be thankful that adults capable of thoughtful discourse and having an ability to listen to wide ranging and intelligent advisors run this country regardless of who is in power. I hated Harper and his policies, but he was thousands of times the statesman that Trump ever will be and probably as much again as knowledgeable and intelligent. When someone is leading a powerful nation, that matters. Trump sucked, he’s been voted out. Get over it. Goodnight.

#186 Faron on 11.09.20 at 1:47 am

#156 Cowtown Cowboy on 11.08.20 at 9:34 pm

#141 Linda on 11.08.20 at 8:20 pm
#110 ‘Cowtown’ – get off the ganga, cowboy. The USA has over

Us deaths: 243,768 Pop. 328,000,000…0.07%
Quebec deaths: 6,640 pop. 8,485,000…0.07%

Lessee, an entire nation compared to one province (the one with some of the most vociferous anti-mask protests I might add). You really should have driven the point home by comparing the US to a single elder care facility in QC. You could have convinced us that the 50% death rate in the care home makes the US look like the shining beacon of success that it has been in the COVID crisis.

The national leadership sets the tone, the state/province then sets policy. The tone matters. But, if you don’t believe me, you better not say a word about Sweden.

#187 Bill on 11.09.20 at 2:26 am

Trump will be 75 in six months. – Garth

At least he knows where he is….
The states is still headed for civil unrest…Their split down the middle, most people are poor and have nothing to lose. As they say the trend is your friend and that’s been going down for a long time.
Gold stocks are ready for another leg up…thank you stimulus!

#188 majik on 11.09.20 at 2:37 am

Garth if you don’t believe that in a competitive nation of 300 million+ people that there isn’t voter fraud of any kind by both parties then I have bridge to sell you.

Whether or not that voter fraud is at a scale that could influence a larger scale election, probably not. However during the course of the recounts if any fraud is discovered, even if it doesn’t influence results, then Trump will feel vindicated. As he said in his speech on Friday, he no longer cares for the result, Republican or Democrat, once it has been obtained by legal votes, that is the hill he wants to die on. His ship will sink with him holding that torch but it will send shockwaves throughout the electoral system for years to come.

Many wondered why Florida was able to provide results promptly without much fuss while other states floundered. Former Governor Jeb Bush opined that electoral laws were changed in Florida after the debacle in 2000. So now expect sweeping electoral law changes in many states across the US, this is now Trump’s legacy for better or worse.

#189 Georgie Dermmitt on 11.09.20 at 3:25 am

Evidence of voter fraud piles up. Turns out claims of Biden as President Elect very premature. Looks more like a globalist coup attempt financed by America’s enemies than a legitimate transition. Even though the left media is doing everything to convince you otherwise. As Sherlock said “The games afoot”. Claims of victory are “lightheaded”.

#190 When Will They Raise Rates? on 11.09.20 at 4:07 am

Your guy lost. Period. – Garth

C’mon man, do you actually believe this?

Trump won in a landslide. That was clear to anyone watching the returns in real time on election night.

Have you people not learned by now that their fraudulent schemes never take Trump down?

It’s not too late to get a 10 bagger on some betting sites if you take Trump now.

#191 justdeleteitifyoudontlikeit on 11.09.20 at 5:03 am

#146 AM in MN — “One good one to look at is the number of ballots that voted for President, but not the rest of the ballot. In the US it is very rare for anyone who takes the time to vote that they don’t also cast for US Senate/House, State offices, local etc. It looks like about 450,000 of those, and only in the targeted states.”

I hope you’re not going to let the Dems get away with this. Donate to DJT’s legal fund! I understand it offers a 1,000% donation match.
https://secure.winred.com/djt/finance-team-daily-goal

#192 Mio on 11.09.20 at 5:13 am

Most people I know here in Europe – with all sorts of political views and backgrounds – think there was tomfoolery and hijinx involved with this election outcome. We have nothing at stake, but many note that “mass fraud” was not required to have an impact, but highly targeted dodgy practices (illegal vote harvesting et al) could easily have swung certain States given how close things untimately were. Hopefully this stuff, if it happened, is discovered.

We also wonder if mainstream news will spam for 3 years a “Russia interference” propaganda campaign this time … probably not.

#193 Seasteads or Bust on 11.09.20 at 5:19 am

So much of the problem in the U.S. is there’s only two viable political parties and they have to be palatable to people from very different perspectives in various regions.

If one is of the opinion that people should be able to choose how to spend or save their money in a relatively free economy they presumably have to share the party tent with:
* a self-serving, mendacious ignoramus like Trump
* subsidizing industries that wouldn’t survive gracefully without cash infusions, tax breaks, or externalities ignored (oil-and-gas, unprofitable agriculture, cruise and airlines)
* people with religious views that are bronze-age, neo-Puritan or similar (i.e., who should work their way through Descartes, Spinoza, Hume, Nietzsche, Camus or Sartre and develop some critical analysis skills and context before buying into the latest millenialist propaganda that’s more than likely part Russian psy-op/disinfo such as “Q” or Alex Jones’ latest red-herring or straw man).
* Those that are patriotically isolationist or eager to get on a war footing
* Protectionist measures that favor the few (who should find other uses of their energies) and harm the many
* outright or latent bigots

On the other hand, if one respects the right of others to make their own lifestyle choices so long as they bear the consequences like adults, the tent must be shared with:
* people who want a nanny state
* people who shout down views they disagree with (instead of the classical liberal approach of letting people get ideas out so they can be critiqued [Socratically] and we *potentially* have a wider field of discourse instead of curated silos as in social media feeds)
* those who don’t respect personal property of business owners (people who want to loot because they don’t like their political-economic milieu but instead of forming their own utopia impose their malice or self-declared ‘reparations’ on others)
* those who want state control of the means of production (denotative definition of ‘Socialism’)
* those who would issue so much credit that they’d make John Law sneer, or look longingly at the Weimar Republic, early 2000s Argentina or Venezuela in recent years

#194 Still here on 11.09.20 at 6:13 am

Where are all the normal people today? – Garth

Right here Garth – standing behind you.

#195 arse on 11.09.20 at 6:20 am

Donald Trump made many people turn off from politics. I try to stay neutral when it comes to politics.

#196 LH on 11.09.20 at 6:56 am

Trump for President 2024
Make America Great Again!!

I say this proudly as a cosmopolitan “elite” and 0.1%er.
Question your assumptions people. Don’t just drink the media/school Koolaid but be rational. DJT isn’t perfect but he’s accomplished a whole lot in these 4 years. Much more than Obama in 8.

He will be older than Biden is now, and possibly incarcerated. Find a new hero. – Garth

#197 Damifino on 11.09.20 at 7:31 am

#181 Jane24

Can we not all move on and leave America to sort itself out. Not our problem.
—————————————-

I’m afraid it is your problem. Ever since Brexit your country’s fortunes have been inextricably tied to those of the USA. Thus, whatever happens there is profoundly important to your success.

Get used to it. It’s way worse in Canada. And we can’t even remind foreigners we once ran the world!

#198 Sky on 11.09.20 at 7:41 am

“By January things could be far worse, and it is possible lockdowns occur in all major US hotspots. Could we see troops on the streets enforcing it? You betcha. ”

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

All totalitarian regimes deploy the military and police forces against their own people. One of the Nazi’s slogans was — Für Ihre Sicherheit (For Your Safety).

Gov. Andrew Cuomo of New York is already taking baby steps.

“Cuomo announced Friday he has called for increased police and National Guard presence at the airports to better enforce the state’s new testing rules going into the holiday.”

https://abc7ny.com/cuomo-national-guard-blames-delbasio-deblasio-press-conference/7712155/

This is the same Cuomo who gave the National Guard a pass when it came to protecting citizens, police officers, and property during the violent New York looting and burning.

#199 KLNR on 11.09.20 at 8:02 am

@#192 Mio on 11.09.20 at 5:13 am
Most people I know here in Europe – with all sorts of political views and backgrounds – think there was tomfoolery and hijinx involved with this election outcome. We have nothing at stake, but many note that “mass fraud” was not required to have an impact, but highly targeted dodgy practices (illegal vote harvesting et al) could easily have swung certain States given how close things untimately were. Hopefully this stuff, if it happened, is discovered.

We also wonder if mainstream news will spam for 3 years a “Russia interference” propaganda campaign this time … probably not.

lol, sure Mio sure.

#200 BillyBob on 11.09.20 at 8:37 am

#185 Faron on 11.09.20 at 1:35 am

As I ask any Trump supporter, Why? And when I get typical shallow answers I then ask what’s wrong with you. And when they are Canadians I ask that they log off of their da da’s computer and put on their PJs and be thankful that adults capable of thoughtful discourse and having an ability to listen to wide ranging and intelligent advisors run this country regardless of who is in power.

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

Sad. Alas, it is precisely this sort of attitude, reeking of smarmy condescension, that fans the flames of polarization forever. Liberals: as gracious in victory as they were in defeat.

The time spent celebrating a highly contentious “victory”, and sneering at Trump, might be better spent attempting to understand the reasons 70 million people voted for him.

I’ll give you a hint: it’s views like yours.

Like many self-styled intellectuals, you just never seem to grasp that being intelligent doesn’t automatically make one wise – or effective at anything useful.

Dismissing an entire segment of society just because you don’t understand them or agree with them is a recipe for endless unrest and conflict.

That’s fine if that’s what you want, but don’t try and pretend you aren’t a big part of the problem while preaching “tolerance” and “inclusivity”.

An observation about Trump and his more dedicated followers in the next two months: I have found that there are few people more dangerous than those with nothing left to lose.

#201 Stone on 11.09.20 at 8:43 am

Where are all the normal people today? – Garth

———

I’m here Garth. Hug.

#202 Piano_Man87 on 11.09.20 at 8:48 am

Biden beating Trump is perhaps the only major positive current event of 2020.

Good riddance. Worst President in my lifetime by far. Makes George W. look like a gentle, compassionate, sensible guy.

#203 Earlybird on 11.09.20 at 8:50 am

A new president and a vaccine! Markets are going to explode today! Amazing how so much can change in a few days!

#204 Dharma Bum on 11.09.20 at 8:56 am

#8 Flop

Could only be applicable to Shaw cable customers, don’t know.

Simply rip the number 3 off of your remote until you have cooled down.

This means you cannot watch channel 3(CBC) or channel 33(CNN)

Leave the 4 and the 2 alone and you can still chill out and watch the Discovery Channel on 42…
——————————————————————–

You still have cable?

WOW!

Do you also have:

Rotary dial telephone?
Washboard & Wringer?
Horse & Buggy?
Steam engine car?
Kerosene lamps?
Fax machine?
Telex?
CD player?
DVDs?

Cool!

#205 David Hawke on 11.09.20 at 9:08 am

Geesh, this blog is aptly named with all the Trump supporters posting their delusions, EH!

#206 Dharma Bum on 11.09.20 at 9:11 am

New York to Trump: “You’re a DISGRACE!”

Caught by live hidden cam:

https://www.youtube.com/watch?v=9E62iA6KCIQ

#207 sue on 11.09.20 at 9:11 am

70 million pissed off Republicans and not 1 riot. If Trump overturns this (and he might, media cannot call an election), mass chaos will ensue. We now know who the rioters are.

#208 Michael Bruce Chase on 11.09.20 at 9:27 am

DELETED

#209 jess on 11.09.20 at 9:27 am

too funny …retributive justice?

https://www.theguardian.com/us-news/2020/nov/09/trump-voter-hotline-inundated-by-prank-calls

#210 Sara on 11.09.20 at 9:33 am

So this is an investment blog, not a Trump blog right? Anyway, has anyone checked the DOW this morning?
WOW!

#211 andre on 11.09.20 at 9:50 am

Unfortunately investing and politics is not a science and it will always be multiple visions of ultimate “truth” from each of points of view.
For global investors it’s better for USA to open it’s consumer markets, giveaway all intellectual properties and technological advantages to outsourced places around the world.
Every action eventually will have a result, factories and scientific labs will get closed, people get less and less highly profitable jobs based on innovative inventions, scientific research and therefore less money to buy goods from outsourced factories anymore.
Degradation not always fast, sometimes it take time and years if not centuries to bring even rich Roman empire to barbaric primitive state for the following 1000 years, lost all of it’s scientific and engineering knowledge for centuries.

#212 Do we have all the facts on 11.09.20 at 9:52 am

I find it interesting that the media and government officials are tracking the number of people who have become “infected” by the Covid 19 virus without any knowledge of infection rates associated with any virus prior to 2020. Prior to 2020 millions of Canadians became infected by one form of virus or another and some got sick and sadly some died as a result of viral infections.

If we use July 23 2020 as a reference point we learn that 3,659,000 Canadians were tested for the Covid 19 virus, 112,240 tested positive (3.0%) and it was determined that the Covid 19 virus contributed to the death of 8,874 Canadians (0.24% of those tested)) including 7,600 persons living in a long term care facility.

By November 8, 2020 9,935,221 Canadians had been tested for the Covid 19 virus and 264,113 (2.6%) had tested positive.

In the 77 days between July 23, 2020 and November 8, 2020 6,276,221 Canadians were tested for the Covid 19 virus and 151,873 tested positive (2.4%).

The interesting fact that our media and our government officials seem to be deliberately ignoring is the significant decline in mortality associated with the Covid 19 virus.

Between July 23, 2020 and November 8, 2020 a total of 1,648 additional deaths were attributed to the Covid 19 virus. The mortality rate declined from 0.24% of those tested by July 23, 2020 to only 0.0026% of those tested between July 23, 2020 and November 8, 2020.

Expressed another way mortality of the Covid 19 virus has declined from 2.4 persons per 1000 people tested by July 23, 2020 to 2.6 persons per 10,000 people tested between July 23, 2020 and November 8, 2020. In July 2020 the deaths of 7.9% of those infected were attributed to the Covid 19 virus. By November 2020 the deaths of only 1.0% of those infected were attributed to the Covid 19 virus.

In the last 77 days we could have predicted that 61,725 Canadians would have died from a wide variety of causes.
Does the death of 1,648 individuals (2.5% of predicted deaths) attributed to the Covid 19 virus represent a cause for alarm based on established rates of infection for the Covid 19 virus within the general population (2.4% of those tested)?

We need to develop some context related to Covid 19 in order to base future decisions. When a tenfold reduction in mortality related to the Covid 19 virus over the past 77 days is totally ignored by the media and our government
officials I begin to wonder if another agenda might be in play.

Surely our rights and freedoms deserve a better fate than this.

#213 TurnerNation on 11.09.20 at 10:05 am

Watch your travel and movement rights. Seems so that the -19 stands for A.I. (1st and 9th letters of alphabet)
The Computers/cloud/blockchain will be dictating your ever movement.
Americans are in for a big surprise. Drumph was dictator-lite. Now the full rollout and electronic lockdown (internet of things = you) . Begins.
All those crazy consp. theoryists warned for years of a shadowy UN agenda for 2021.

“Loop has been selected to provide its venue tracing and fan engagement platform to the Gulf Coast Showcase in Fort Myers, Florida. The tournament, operating affectionately as the #BeachBubble, is set to play host to 14 NCAA Division I men’s and women’s basketball teams in November and December that will play at both:

Hertz Arena and
Alico Arena (FGCU)
In partnership with bdG sports, Loop Insights will provide an all-access pass comprising of venue tracing, contactless entry, testing, and personalized engagement to all team members, game operations staff, officials, and attendees. The company’s end-to-end Venue Bubble is designed to protect all participants, officials, and game staff at the tournament while providing bdG with unique marketing and fan engagement opportunities. Loop’s venue tracing solution will be deployed across convention centers, hotels, practice facilities, and arenas to provide complete end-to-end coverage.”

#214 jess on 11.09.20 at 10:30 am

now that the election is over ? how many more are going to turn their words around?

Utah governor issues mask mandate: ‘We cannot afford to debate this issue’

#215 TurnerNation on 11.09.20 at 10:32 am

Here comes the A.I. for the children. Nobody will be allowed to be sick at all, if so you must be locked down at home. Might as well begin laying off doctors…we’ll all have such health!
The A.I will control your movements, and social pressure/shaming/attacks will help too. Which is why we’re been shown outrageous videos along those lines.
The world will be run by A.I. That’s the plan. A global rollout it underway. All documented and now being rolled out. Believe it or not.
For your health Comrade.

..
“Gatekeeper Systems Inc. has received a purchase order from a school district in British Columbia to equip their school bus fleet with the company’s recently launched Intelligent Temperature Sensing Systems (ITSS).

Doug Dyment, CEO of Gatekeeper, commented: “As Covid-19 cases in BC reach new record numbers, our school district customers are turning toward our well-designed ITSS solution to assist in their efforts to provide the safest environment possible for schools and buses. We believe passenger health monitoring in public transportation is a North American growth trend that is only just beginning, and we are well able to design and deliver innovative solutions that improve passenger safety. This is our first ITSS sale in BC and it will equip the bus fleet of one of the 60 school districts operating in the province.”

Gatekeeper has significant industry experience in providing technology solutions for passenger buses, and has equipped more than 28,000 school buses, transit buses and trains with over 97,000 video devices and intelligent mobile data collectors, for over 3,500 customers throughout North America.

ITSS is a contactless system that can determine body temperature within 20 milliseconds using thermal cameras, artificial intelligence, and video analytics. Visual and audible alarms are triggered when temperature thresholds are exceeded. When passengers board a bus, the ITSS panel records body temperature with an accuracy of +/- 0.5 degree Celsius. The 7-inch ITSS panel is equipped with facial recognition capabilities to improve accuracy and allows customers to pursue future applications such as intelligent passenger routing, contact tracing, passenger counting, or payment verification. The panel records images within 40 milliseconds and has storage capacity of 50,000 facial images.”

#216 To all Americans on 11.09.20 at 10:35 am

Let’s assume there is voter fraud, then it would stand to reason all the states that Trump won are full of voter fraud as well? Why only five states? Even trumps lawyer admitted a dead republican voted. So I would say with 100 percent conviction the voter fraud would be equal to both sides. I would love someone to call out the republican fraud votes where Trump supposedly won, really 70 million votes for an idiot. I say voter fraud big time for Trump votes.

Oh well
Vaccine is coming markets are roaring
The only thing we know for certain is death and taxes.
Have a great week
Thanks Garth for the blog and my opportunity to post.

#217 Jenna on 11.09.20 at 10:42 am

Hello Garth,

Almost spit up my espresso…are you saying negative rates are coming and it is now a near reality (…a few months away) ??

#218 Faron on 11.09.20 at 10:47 am

#210 Sara on 11.09.20 at 9:33 am

So this is an investment blog, not a Trump blog right? Anyway, has anyone checked the DOW this morning?
WOW!

Yeah, wow. Anyone holding airlines or energy is up double digits. Bond yields soaring. Here come interest rates.

A question: As the lock-down names (Zoom, Peloton, Netflix, Amazon) are crashing, could we see RE (apparently a lock-down asset ) crash as well? Mortgage interest rates will be rising ASAP as the bond sell off takes flight. Also, as I posted a week and a bit ago, 10 yr yields have surged 100bp after elections in recent events. Here we go.

#219 n1tro on 11.09.20 at 10:52 am

I blame this whole mess on Putin! In 2016 right up until last month, it was Putin that meddled with the elections to let Trump win.

Putin, you didn’t do enough in 2020 to help you surogate!!! 😡

#220 Linda on 11.09.20 at 10:57 am

#156 ‘Cowboy’ – odd, my calculator gives 0.0007825% as a death per population in Quebec. So the death rate isn’t 0.007% as in the USA. That ganga, she sure tricks the eyes:)

#221 Faron on 11.09.20 at 11:00 am

Canadian dollar soaring with hope that the energy sector is alive and well and the banking sector is finally going to make some money on loans.

The payoff for Canada being more on top of the virus than the US and in a decent economic position from overspending the thing is going to be huge here if today isn’t just a euphoric blip.

Downside is that higher rates on long bonds is going to put more pressure on the gov’t to cover them. More tax is on the way sooner than later as the tax burden brakes on the economy will be better tolerated with an effective vaccine and people back to work.

#222 Faron on 11.09.20 at 11:02 am

Canadian dollar soaring with hope that the energy sector is alive and well and the banking sector is finally going to make some money on loans.

The payoff for Canada being more on top of the virus than the US and in a decent economic position from overspending the thing is going to be huge here if today isn’t just a euphoric blip.

Downside is that higher rates on long bonds is going to put more pressure on the gov’t to cover them. More tax is on the way sooner than later as the tax burden brakes on the economy will be better tolerated with an effective vaccine and people back to work.

#223 Work McGrover on 11.09.20 at 11:10 am

Some people want the year to end and I’m all yahooo, vive la difference. Phizer has a vaccine and the idiot media days “It’s Biden”.? Boy these TDS goon are twisted. Trump’s press, this is a Trump Rally.

Kids, lets not forget that the Electoral College isn’t guided by the Flatulent Media Goons. It won’t be Joe’s turn, if at all, until January 20, 2021.

You might have thought the Dems wanted to jam in Joe because they knew Pfizer was going to make the announcement. Hey, if a dummy like me can figure it out you can too. Dems want to set up a transition team, not so fast Joe. Trump might solve Covid next week.

What a 90 minutes so far. I’ve got a thousand shares of BKNG and it’s up $306.00 USD. Wow!!! Not to mention the rest of the red hot arrows in my quiver and I might party party party.

Market was undecided on Biden, nothing good. Don’t be sucked in by the media noise. Iran and China are paying big bucks to steer America away from Trump. Guess why? If you ain’t in it , you can’t win it.

News Flash- Bonds Smashed.

#224 justdeleteitifyoudontlikeit on 11.09.20 at 11:16 am

#200 BillyBob — “The time spent celebrating a highly contentious “victory”, and sneering at Trump, might be better spent attempting to understand the reasons 70 million people voted for him. I’ll give you a hint: it’s views like yours.”

“Ah’d a voted fer the SJW socialists if’n only they’d stop bein’ mean to muh kin” said no Trump voter, ever.

‘Why did people vote for Trump’ has been one of the most studied sociopolitical questions in the last five years. Dozens of books, hundreds of magazine articles and a hundred thousand blog posts have analyzed that question from every angle. Based on polls, exit polls, interviews, surveys, county and poll level demographics, and much else.

#225 AM in MN on 11.09.20 at 11:16 am

#216 To all Americans on 11.09.20 at 10:35 am
Let’s assume there is voter fraud, then it would stand to reason all the states that Trump won are full of voter fraud as well? Why only five states? Even trumps lawyer admitted a dead republican voted. So I would say with 100 percent conviction the voter fraud would be equal to both sides. I would love someone to call out the republican fraud votes where Trump supposedly won, really 70 million votes for an idiot. I say voter fraud big time for Trump votes.

——————————————————

No it does not. Mass vote fraud is only committed by the left. That is why it always favours the Dem candidate.

Stop the count at 10PM or so, find out how many ballots you need, add them prior to the counting rooms being opened in the morning.

This happened in all of the Dem run cities in the targeted states, no where else. Also, coincidentally happened within a few minutes of each other in each state, after orders from on high.

450,000 ballots with only votes for Pres., not Sen or Rep etc., unheard of and only happened in the targeted states, no where else.

Biden outperforming Obama in both turnout % and total votes cast in black cities like Milwaukee, even though the county lost 26,000 residents. Not outperforming Obama in non-targeted states, such as in Chicago or NYC.

Statistical modelling is being done by 1000’s of people at home right now. It is already showing clear evidence of massive fraud from mail in ballots that were harvested by party workers, usually on a pay per ballot basis, but it still won’t overturn the result because once they’re in the count pile, they can’t be identified.

The Sec. of State in each State still needs to certify the vote, and probably answer to the legislature ahead of time. Won’t see certifications in these states for a while.

It won’t change the result but it will de-legitimize Biden, especially when dealing with other world leaders who stay in power through corrupt elections.

#226 Bill on 11.09.20 at 11:21 am

#170 tccontrarian
————
MSM pushed him as a racisit in a big way.
We spent Jan an Fed in Arizona.
Latino group we met and top drawer people are mojor Trumpsters.Dad was a retired pastor. They worked in the 60s slave days picking fruit in Cali with zero rights and yes they fully supported the wall. They want legal immigrants.
They said hes far far from a racist. They attended many of his rallys. Biden just let the cat out of the bag that hes a phony. He doesnt even know what hes saying some day. He did nothing with Obama and soon more of the same. Oh but hes super pro CCP.
Uniting Americans what a load as I spent a sht ton of time down there and thats likley impossible.

Garth…. kill millions, really rediculous! Trump pushed hard for the vaccine.
Dead wrong also scocialism is ariving in full force. Go UBI!

#227 The West on 11.09.20 at 11:24 am

Meet the old boss, same as the old boss.

That dopamine hit fresh off kabuki theatre always leaves people either angry/euphoric but its the response that the establishment wants. It draws you in. It’s tribal – same as watching a hockey game or WWE. Get on your jersey, have the water cooler argument and then rejoice (or despair) and then go home and convince yourself (even as things worsen) that “you chose this” The western world has become a mushroom farm.

Nothing is going to change. There’s no hope. There is going to be no change.

The electorate of the western world has been so badly kicked around and tortured since the 1970s. Lost political children. It’s really tragic what we’ve allowed to happen to ourselves. We get the governments we deserve.

#228 TurnerNation on 11.09.20 at 11:50 am

Of course. It’s today. Pfizer supposed vaccine news.
McDonalds announces plant-base meat (Note this does not mean ground up plants; it means filler + lab synthesized protiens. Only the best gruel for us tax slaves)
What day is today? Nov 9th. 9/11
9/11. Always a biggie.

If you follow this playbook it all makes sense: these non- stop changes and controls are for control over our Movements, Feeding and Breeding. As cattle on a farm a tax farm.

#229 Iconoclast on 11.09.20 at 11:55 am

There are some very good reasons to be deeply suspicious of these results.

The down-ballot discrepancies are the biggest red flags, but there are many others. Record voter turnout, but only in swing states. Sudden vote swings. Sudden changes in the time-series of vote accumulation. Again, only in the swing states. Many thousands of dead people casting absentee ballots.

The narrative changed this weekend from “there was no fraud” to “there was no significant fraud”. Did you notice?

We’ll see if he gets any traction for his arguments in the courts.

But regardless of whether you or I or CNN believes it doesn’t really matter;
millions of Americans are coming to the idea that they were robbed. How angry will they get?

Trump and his team need some backup from the American people. Somebody is trying to get a truckers strike organized. A general strike would be interesting. The rallies are definitely a good idea for him.

He also needs some backup from his Republican ‘allies’. But in 2016, the only people who hated Trump more than the Democrats were the Republicans.

So we’ll see.

He certainly won’t get any help from the media.

#230 Ace Goodheart on 11.09.20 at 12:01 pm

The “voter fraud” comments and allegations are really starting to become disgusting.

If you look at the history of voting in the USA, you will find a concentrated attempt on the part of those in power, to retain power, by either disenfranchising groups who they do not believe will vote for them, or by changing the rules of voting and counting, to benefit themselves.

If you don’t believe me, just google “Gerrymandering” and read up on it. This has been used by both ruling Democrats and Republicans to ensure they remain in power.

If you want to see how campaigns are improperly financed in the USA, read up on the “Super PAC”.

Trump did everything he could to fix the results of this election, including, when he realized that the Democrats would be mailing in their ballots, an attempt to shut down the post office.

On election night, knowing that mail in ballots were mostly democrat supporting, he attempted to stop the counting, and discard and discredit as many mailed in ballots as he could. He knew exactly what he was doing. These mail in ballots represent actual votes, from real people, who are American citizens entitled to vote. Trump targeted these ballots, not because they were fraudulent, but because he believed they were likely in support of the Democrats.

Trump’s current push is to invalidate mail in ballots. Why? Because Democrats, having some sense of intelligence to the fact that COVID-19 is not a hoax, and is actually a real thing that can hurt you, decided to vote by mail, as encouraged by Biden and his team.

Invalidate as many mail in ballots as you can, and you stand a better chance of winning.

Historically, the ruling folks in the USA have almost always attempted to invalidate as many votes from the “other side” as they could.

If you are a challenger to the ruling party in the USA, the deck is always stacked against you. The ruling party will set up the election to make it as hard as possible for you to win.

Trump is just going by the usual playbook.

The only thing different about what Trump is doing, is that, having tried his best to shut down Democratic voting, and having failed, he is now trying to take power by force, leveraging his contacts (he appointed the person who sets up transition financing for the President-elect, and this person appears to be stalling on setting up such financing for Joe Biden), in order to make it as hard as possible for Biden to transition into power.

Trump’s actions are an affront to democracy. He has decided to hold onto power by force and influence, regardless of the actual outcome of the election. He is doing this after he tried to fix the election himself, and failed at that.

#231 Iconoclast on 11.09.20 at 12:04 pm

#185 Faron reply to #123 Nonplused

Precisely on pattern – multiple paragraphs of sneering condescending nonsense and not a single actual argument.

|| What, exactly, was Trump doing that was so bad, besides being a royal class buffoon?

| Man, the formaldehyde vapours weeping from the OSB in your Calgary McMansion are really getting to your head NP…

#232 Ace Goodheart on 11.09.20 at 12:13 pm

re: #188 majik on 11.09.20 at 2:37 am

Garth if you don’t believe that in a competitive nation of 300 million+ people that there isn’t voter fraud of any kind by both parties then I have bridge to sell you.

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

If you decided to fraudulently influence an American election, on a large scale, how would you do it?

Think about it.

How does one person actually commit enough voter fraud to make a difference? You would have to have some sort of massive organizational effort, enough to produce hundreds of thousands of fake votes, and you would have to be organized enough to get this all past the election authorities, who are counting the votes.

It is just completely unbelievable that a bunch of mostly non English speaking, recent immigrants to the USA managed to organize a voter fraud which went on to win them a democratic election.

Think about what you are saying.

Voter fraud does occur in every US election, however it is not carried out by the people who are voting.

It is carried out by those in power. Gerrymandering, improper campaign financing through the outright ridiculous use of “Super PACs” to skirt campaign financing rules, voter disenfranchisement methods, stacking the Supreme Court to allow you to strike down voter fairness acts that stop you from rigging elections.

Closing poling stations in areas where you know people won’t vote for you. Making people line up for hours, sometimes days, in order to vote by limiting access to polling.

Purging voter lists in targeted neighbourhoods, so as to disenfranchise people who then have to re-apply and re-certify themselves to vote.

Enacting laws that invalidate ballots from targeted groups for issues of “one letter wrong in someone’s name” (when you know that people from certain ethnic groups often spell their names in more than one way).

There is massive and ongoing voter fraud in the USA.

It is being committed by those in power, against those who want to cast their votes democratically.

#233 justdeleteitifyoudontlikeit on 11.09.20 at 12:18 pm

Garth can’t come to the blog right now… he’s daytrading.

#234 SeeB on 11.09.20 at 12:21 pm

#38 Figmund Sreud on 11.08.20 at 1:37 pm

Winner of Trump-Biden race will be determined by courts! Period.

—————————————————————–

Votes decide who is president, not judges.

The funny thing about Trump supporters is they love fairness, law, and order, up until they get told they can’t have their way. Then everything is a scam somehow.

You clowns make me laugh.

————————————————————–

We don’t know who won, yet. MSM does not declare presidents, … neither do congratulatory messages to Biden by western satraps. (… just imagine if Trump actually manages to be declared a winner by courts, … oh, vendetta!)

————————————————————

I know for a 100% fact that if Trump won and some voting shenanigans popped up, you’d be working hard to try and sweep them under the rug. My proof is your complete lack of connection with reality. You sir, have no morals.

——————————————————————

So, cool your jets, … stock up on popcorn and watch with awe. As popcorn stock depletes, … this wait will divide the fractured U.S. even more than it already is. And pray, … pray that Trump does not decide to form a third party! After all, … vastly more Americans voted Trump than, … say, Canadians for Maxime Bernier.

—————————————————————

Americans vote for Republicans. Trump certainly has an army of 5 million or so brain-dead K-pop stans like yourself buying his merch and showering him with attention.

But I really do hope he alienates himself from the mainstream Republicans. It would be a divorce of epic proportions.

—————————————————————

You lost. Suck it up.- Garth

—————————————————————

They won’t. Ever. Remember those 8 years with Obama, when Trumpettes were still Tea Partiers; the crying, moaning, and whinging everyday over receiving public healthcare. Unreal. Just this past year they couldn’t even suck it up enough to wear a little piece of fabric on their faces to help keep people others from getting infected.

#235 Yuus bin Haad on 11.09.20 at 12:24 pm

What a relief to know that this covid thing is going to be dealt with finally. I hear that Mayor Bowman has put out a call to see if Joe can help out in Winnipeg too.

#236 TurnerNation on 11.09.20 at 12:24 pm

#34 Ace Goodheart are people still talking about Bats and wet markets or have we moved on to the the new medical control state/big pharma owning our bodies, lives and data?
Bats. Sure.

#237 GAV on 11.09.20 at 12:35 pm

Pfizer anounces a potential 90% effective covid vaccine the next working day after Biden projected win.
Just a coincidence.
The Mayor of Portland brings in the National Guard the day after the election, after refusing to do so before.
Just a coincidence.
The 4 worst States with the highest death rate per 100k are all blue. NY #1.
Carry on Garth.

#238 espressobob on 11.09.20 at 12:37 pm

It just seemed sensible to take a wee bit of profit off the ETF table this morning. Usually pays to climb that wall of worry and I’m sure there is more to come.

Besides, the bourbon stash was getting low.

#239 El Presidente on 11.09.20 at 12:38 pm

MARKETS UP HUUUUUUUGE…. Geez .. now that is some coincidence!…..some days you’d think there was global cabal working against me!

#240 mnpr on 11.09.20 at 12:40 pm

137 Paul on 11.08.20 at 7:44 pm re:
#116 T-Rev on 11.08.20 at 6:39 pm

______

An excellent summary.

___________________

Yes. I concur with Paul. Bravo.

#241 Zoom zoom on 11.09.20 at 12:53 pm

Zoom shares drop 14% !!! back to the office kiddos

#242 Jake on 11.09.20 at 12:54 pm

#61 Apocalypse2020

You should stop now.

https://www.cnbc.com/2020/11/08/election-stock-market-futures-open-to-close-news.html

#243 SeeB on 11.09.20 at 1:10 pm

#215 TurnerNation on 11.09.20 at 10:32 am

Here comes the A.I. for the children. Nobody will be allowed to be sick at all, if so you must be locked down at home. Might as well begin laying off doctors…we’ll all have such health!
The A.I will control your movements, and social pressure/shaming/attacks will help too. Which is why we’re been shown outrageous videos along those lines.
The world will be run by A.I. That’s the plan. A global rollout it underway. All documented and now being rolled out. Believe it or not.
For your health Comrade.

———————————————————–

Watch your travel and movement rights. Seems so that the -19 stands for A.I. (1st and 9th letters of alphabet)
The Computers/cloud/blockchain will be dictating your ever movement.

———————————————————–

Let me in on your secret: Are you just trying to give us all a good laugh to lighten the mood?

#244 SeeB on 11.09.20 at 1:14 pm

I hope you’re not going to let the Dems get away with this. Donate to DJT’s legal fund! I understand it offers a 1,000% donation match.
https://secure.winred.com/djt/finance-team-daily-goal

———————————————————–

1000% donation match!! OMG this is getting funnier all the time!

Why even ask for donations if you are going to match them 1000% anyways? They just want to use their own dirty money and use their supporters for political cover. Way to drain the swamp, guys.

What a dumb, cynical, and destructive way to fleece poor people out of what little of their money is left.

#245 Classical Liberal Millennial on 11.09.20 at 1:33 pm

I shouldn’t be surprised but I can’t believe the number of delusional MAGA people convinced Trump was robbed and/or will stage a Supreme Court comeback. Give your heads a shake, people.

Donald Trump is the only US president to lose the popular vote, be a one term president, AND get impeached. What a joke.

#246 tccontrarian on 11.09.20 at 1:36 pm

#200 BillyBob on 11.09.20 at 8:37 am
—————————————————————
#185 Faron on 11.09.20 at 1:35 am

As I ask any Trump supporter, Why? And when I get typical shallow answers I then ask what’s wrong with you. And when they are Canadians I ask that they log off of their da da’s computer and put on their PJs and be thankful that adults capable of thoughtful discourse and having an ability to listen to wide ranging and intelligent advisors run this country regardless of who is in power.

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

Sad. Alas, it is precisely this sort of attitude, reeking of smarmy condescension, that fans the flames of polarization forever. Liberals: as gracious in victory as they were in defeat.

The time spent celebrating a highly contentious “victory”, and sneering at Trump, might be better spent attempting to understand the reasons 70 million people voted for him.

I’ll give you a hint: it’s views like yours.

Like many self-styled intellectuals, you just never seem to grasp that being intelligent doesn’t automatically make one wise – or effective at anything useful.

Dismissing an entire segment of society just because you don’t understand them or agree with them is a recipe for endless unrest and conflict.

That’s fine if that’s what you want, but don’t try and pretend you aren’t a big part of the problem while preaching “tolerance” and “inclusivity”.

An observation about Trump and his more dedicated followers in the next two months: I have found that there are few people more dangerous than those with nothing left to lose.
—————————————————————

Leftists are the most intolerant people on earth. Driven by ideology, they’ve got no way to gauge the vitriol and hate:

Solzhenitsyn states:

“Macbeth’s self-justifications were feeble – and his conscience devoured him. Yes, even Iago was a little lamb, too. The imagination and spiritual strength of Shakespeare’s evildoers stopped short at a dozen corpses. Because they had no ideology. Ideology – that is what gives evildoing its long-sought justification and gives the evildoer the necessary steadfastness and determination. That is the social theory which helps to make his acts seem good instead of bad in his own and others’ eyes…. That was how the agents of the Inquisition fortified their wills: by invoking Christianity; the conquerors of foreign lands, by extolling the grandeur of their Motherland; the colonizers, by civilization; the Nazis, by race; and the Jacobins (early and late), by equality, brotherhood, and the happiness of future generations… Without evildoers there would have been no Archipelago.”
— The Gulag Archipelago, Chapter 4, p. 173[3]
—————————————————————–

Faron is exactly the type who’d take pride in managing a Gulag Camp. A pretentious pseudo-intellectual…

tcc

#247 Kevin on 11.09.20 at 1:42 pm

Buy Pfizer. I sure am glad they didn’t announce the vaccine 10 days ago. Biden must be laughing now. Oh ya. Maybe a Toronto Condo.

#248 Cowtown Cowboy on 11.09.20 at 1:54 pm

#220 Linda on 11.09.20 at 10:57 am
#156 ‘Cowboy’ – odd, my calculator gives 0.0007825% as a death per population in Quebec. So the death rate isn’t 0.007% as in the USA. That ganga, she sure tricks the eyes:)

Jeezus, learn how to use a calculator..

#249 Masks really do make some people more attractive on 11.09.20 at 1:55 pm

I love that Pfizer sawed Trump off at the knees. No insider trading or election bump for Trump.

Seriously though, the cold chain for this vaccine is a yuuuuge logistical stumbling block.

#250 TurnerNation on 11.09.20 at 2:15 pm

Nothing new here.

https://en.wikipedia.org/wiki/October_Surprise_conspiracy_theory
Sick wrote that in October 1980, officials in Ronald Reagan’s presidential campaign, including future CIA Director William Casey, made a secret deal with Iran to delay the release of the American hostages until after the election; in return for this, the United States purportedly arranged for Israel to ship weapons to …

October Surprise conspiracy theory – Wikipedia

#251 Faron on 11.09.20 at 2:23 pm

#244 SeeB on 11.09.20 at 1:14 pm

What a dumb, cynical, and destructive way to fleece poor people out of what little of their money is left.

Word. And there’s this, a direct quote from the winred website:

60% to DJTP for deposit in DJTP’s 2020 General Election Account for the retirement of general election debt

Yep, you think you are giving Trump money to win the election “battle”, but 60% of it is going to re-pay debt from his failed campaign. You would also be donating to a corporation. Your money would be better spent anywhere they give you a product for your $$. You can only learn that kind of grifting from Trump U.

What a piece of garbage.

Faron is exactly the type who’d take pride in managing a Gulag Camp. A pretentious pseudo-intellectual…

tcc

tcc, nobody, except you, can save you from the gulag of your mind. Glad to know I’m living rent-free there if nowhere else. Do I entrap you with starvation? Shaming? Whips? Do I wear Ugg boots or patent leather? So many questions about this gulag.

#252 James on 11.09.20 at 2:27 pm

#172 The Totally Unbiased, Highly Intelligent, Rational Observer on 11.08.20 at 11:02 pm

Technically, President Trump won. Then, really bad scoundrels tried to steal the election away from him. President Trump knew in advance that this would happen. He is a Great American Prophet. Of course, some will try to argue that it was an easy guess that the Demonrats would try to steal things, since they lack good morals. The Mainstream Mess tried to declare that Joe Who had won, but nobody can take them seriously anymore after all their Fake News.

Study The Donald’s most excellent books and learn. Just going away quietly and letting the Demonrats steal the election would not make President Trump a “nice guy.” It would make him a schmuck. So, that is not going to happen.

The occasional small-minded “world leader” is making a big boo-boo by congratulating Joe Who on his supposed win. The smarter world leaders are still waiting to see who really wins in the end.
_________________________________________
No bullshit here just truth about history.
As well no TDS here due to the fact that I really don’t care what crap someone wants to put to paper regarding my lean towards any political party.
BTW I lived in SoCal and was a GOP volunteer back in the day when the GOP had balls.

How Hitler seized power in Nazi Germany.
1 Create a crisis.
2 Demonize opponents.
3 Declare a state of emergency.
4 Undermine elections.
5 Make the rule of law irrelevant.
6 Rule by executive order.

Sound familiar?

#253 Faron on 11.09.20 at 2:33 pm

Amazingly, the winred donations have two options preselected. One is weekly recurrence and the other is for recurrence in two days. If some rube donates $100 now thinking that’s the end of it, they will be docked $300 within a week. Wow, that’s payday lending level greed. Trump is milking this cow as hard as he can before he gets cast out with his $400M debt staring him in the face.

#254 Diamond Dog on 11.09.20 at 2:41 pm

#210 Sara on 11.09.20 at 9:33 am

https://www.cnbc.com/2020/11/09/covid-vaccine-pfizer-drug-is-more-than-90percent-effective-in-preventing-infection.html

This is excellent news, no doubt about it but! (there’s always a but) We don’t know how safe it is long term yet, we don’t know how long it will last and a vaccine won’t be available to the masses until late Q2 or Q3 of next year. Early leaks of vaccine trial efficacy don’t change this trajectory. What this news link doesn’t say that only astute readers of Garth’s greater fool blog have been made aware (the one’s paying attention), is what will happen as Covid19 mutates in response to herd immunity or, a new strain developing from human to animal to human, like what is happening with Mink in Denmark right now:

https://nypost.com/2020/11/08/uk-blocks-travel-from-denmark-amid-fears-of-new-covid-19-strain/

There are 214 human cases with this new strain of Covid19 so far in Denmark, as of yesterday and fears are that this new mutated strain will be able to re-infect those who have already had Covid-19 meaning the clock resets with vaccines as this new strain runs through world populations. Officials are don’t want to see this as the next Wuhan, but in reality it should be treated as such:

https://www.theguardian.com/environment/2020/nov/05/danish-covid-19-mink-variant-could-spark-new-pandemic-scientists-warn

Consider how long it took for the first 2 strains to run through 51 million reported cases (unreported, at least 50 million more infecting 100 million est. in 7.7 billion pop in less than a year. Or, look at the U.S. with over 10 million reported cases and another 10 million est unreported or 20 million cases in a 330 mil pop. That’s 6% infected in less than a year with governments that DGAF).

Scientists race to develop a vaccine creating herd immunity only to realize that the virus mutates and potentially a new, more dominant strain regenerates the pandemic and vaccine researchers have to create a vaccine for this new strain and start all over again.

I’ll go through it again so astute readers get it. Covid-19 is a Betacoronavirus. From the link below, “The betacoronaviruses of the greatest clinical importance concerning humans are OC43 and HKU1 (which can cause the common cold) of lineage A, SARS-CoV and SARS-CoV-2 (which causes the disease COVID-19) of lineage B,[2] and MERS-CoV of lineage C. MERS-CoV is the first betacoronavirus belonging to lineage C that is known to infect humans.”:

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

Why is the same genus so important? Coming from the same genus is the equivalent genetics as a Zebra is to a horse, a donkey and/or a mule. It’s close. Covid19 is the same genus as OC43, one of the virus’s responsible for the common cold. What has OC43 done in response to herd immunity? It mutates to re-infect the host to keep its own little pandemic ongoing. As I’ve been saying for months now, there is a precedent here with Beta Corona virus’s and OC43 is one such virus:

https://en.wikipedia.org/wiki/Human_coronavirus_OC43

OC43 dates back to the 80’s and now has 29 strains.

Here, I’ll further connect the dots. Pfizer may have a vaccine that is good for the first 2 initial strains but if this new strain gets out and this vaccine is useless against it, Pfizer or another corp will have to come up with another vaccine for the new strain, especially if it becomes dominant in the gen pop. As Covid-19 encounters more herd immunity in could mutate again and again in an effort to re-infect hosts with prior immunity. This will force vaccine manufacturers to keep creating new vaccines for each new strain that reaches any kind of dominance over older strains and force us to inoculate the masses every couple years or so to get control of this thing.

It’s why I’ve been saying since the spring and summer, the world needs to learn how to stop the initial transmission of infection just like China, South Korea, Singapore, Taiwan, New Zealand, Australia and Japan have or the masses will have to face getting inoculated every 2 years or so in an effort to keep hospitals from being overwhelmed. These vaccines will grow dated with new strains entering global populations, they may only be given to half of the gen pop so they will only partially control this pandemic and they may have long term consequences that most are unaware of such as original antigenic sin:

https://en.wikipedia.org/wiki/Original_antigenic_sin#:~:text=Original%20antigenic%20sin%2C%20also%20known%20as%20the%20Hoskins,entity%20%28e.g.%20a%20virus%20or%20bacterium%29%20is%20encountered.

When Dr. Fauci said this virus has enormous capabilities, its because it does. Now… most of the investment community doesn’t know what you are reading right now but in time, they will. The astute investor will overlay this information and predict how it will be rolled out on a reasonable timeline, predict how the herd will react in kind and try to time the market reaction from there. Today, its boom and investors are optimistic that this pandemic will end. What I’m saying is, this optimism won’t last (the ongoing story out of Denmark could very well be the reason why).

#255 Randy Peters on 11.09.20 at 2:52 pm

So much for falling interest rates, all rates are going up for weeks now from 2 to 30 year maturities, 30 year US bond rates are now 1.75%. Better lock in your mortgage as your 1.5% mortgage will be 2.5% in short order.

Pay another $10,000 a year interest on your $1 million mortgage.

#256 Apocalypse on 11.09.20 at 3:01 pm

#252 James

How Hitler seized power in Nazi Germany.
1 Create a crisis.
2 Demonize opponents.
3 Declare a state of emergency.
4 Undermine elections.
5 Make the rule of law irrelevant.
6 Rule by executive order.

Sound familiar?

________________________________

EXACTLY.

Happening now in real time.

PREPARE

#257 Apocalypse2020 on 11.09.20 at 3:05 pm

#252 James

How Hitler seized power in Nazi Germany.
1 Create a crisis.
2 Demonize opponents.
3 Declare a state of emergency.
4 Undermine elections.
5 Make the rule of law irrelevant.
6 Rule by executive order.

Sound familiar?

________________________________

EXACTLY.

Happening now in real time.

PREPARE

#258 Diamond Dog on 11.09.20 at 3:05 pm

After all of that… “loquacity”, what advice would I give to money managers, don’t quit your day job. The world won’t end. This virus likely won’t mutate itself out of existence if OC43 is any precedent but it will mutate into more strains meaning the governments that understand the importance of breaking the chain of infection regardless of what virus it is like China, South Korea, Singapore, Japan, New Zealand, Australia etc., these are the governments that will have the most stable domestic economies going forward and the governments that don’t get this will suffer tremendously for it. Naturally this will effect bond markets over time as currencies re-balance from fiscal imbalances. Nations slow to catch on to what is needed will hemorrhage from debt as they are now.

So too, if money managers want to see this health crisis get under control, they will need to recognize the roles deficiencies play in how this virus is exploiting weakened immune systems from deficiencies (Vitamin D, Zinc, Zinc Ionospores, Vitamin C) and try to steer the narrative politically. This mantra, “all pandemics end” apply only to governments with the right policies, there’s no better way to put it. We should be very thankful that it was an election year for the U.S. presidency, is all I can say.

#259 WTF on 11.09.20 at 3:09 pm

All you trumpster acolytes who believe he was somehow illegally or nefariously robbed this election.

Kindly STFU unless you have a crumb of improper or illegal activity. And guess what? You don’t.

Provide a credible link not some nutbar “deep state” imbecilic PATHETIC attempt at mudding the waters with o proof as you have been doing.

#260 Bill on 11.09.20 at 3:22 pm

So much for getting a winter spot in the Philippines…are we next?
Friends got back and they couldn’t even have a beer in their town on lock down…
https://www.armstrongeconomics.com/international-news/australia-oceania/philippines-medical-ids-to-travels-within-the-country/

#261 Hunter hunter on 11.09.20 at 3:27 pm

How long before Biden is impeached. Where’s Hunter?

#262 willworkforpickles on 11.09.20 at 3:29 pm

#254 Diamond Dog

A month ago i said that Trump was likely playing with the markets by holding off with a stimulus package. The market swooned a little in the past month and exploded today with the vaccine announcement. Preplanned as some have alluded to here? Trump cronies are happy today i bet.
Haven’t seen anyone mention those already having been infected by c-19 (I did months ago) vaccines being of no use to them with the virus laying dormant deep in their nervous systems.
Vaccines…still a crap shoot.
Stock Market Rally…deception and greed in play.

….Go with the flow…Play it….My stocks are up today.

#263 sue on 11.09.20 at 3:35 pm

#225 AM in MN
I’ve read that QFS Blockchain encryption identifies ilegal ballots, esp the ones printed in China. There are other ways to audit ballots. Biden did very well with seniors esp the 125-200yr old category. lol
You will be surprised at what happens in the next month. Going to get very interesting and I think Trump will be president in Feb. based on my research. Just my thoughts.

#264 X on 11.09.20 at 3:39 pm

Rising prices and declining sales. Wait and see where that leads. – Garth

Already happening with the higher priced properties, days on Market increasing, sellers realizing they aren’t getting what they had hoped.

#265 Jehovah Witness Protection on 11.09.20 at 3:41 pm

The vaccines will sterlize millions and the liberal governments will blame the deaths on a new strain or strengthening of cvid, misgyny and right-wing cnspiracy theorists, demanding more vaccines and compliance. T

They will suffocate western civilization and reduce the population under the facade of eradicating cvid. In several reviews all of the serious or deadly cases in Italy had previously taken the flu vaccine. Vaccines are becoming more of the problem than the solution. This may be the Dark Winter.

#266 AGuyInVancouver on 11.09.20 at 3:43 pm

Wow Garth, you really unleashed the bag of Trump-lovin, crazy, conspiracy nuts today. Good thing the site doesn’t have advertisers, whackjobs isn’t a good demographic.

#267 willworkforpickles on 11.09.20 at 3:46 pm

With regard to my last post and C-19 laying dormant in the nervous systems of those who have contracted it.
Some might be thinking the vaccine will prevent it from resurfacing in their systems and they would be right.
In its original form.
The virus hides deep in the nervous system where nothing can reach it and is the perfect arena to mutate, rendering vaccines ineffective in the event of future flare-up episodes – a re-spreading dilemma and its game on all over again.

#268 Samantha on 11.09.20 at 3:49 pm

I think the stock markets are way too optimistic at the moment and they will come down some when reality sets in. We shall see…

#269 TurnerNation on 11.09.20 at 3:54 pm

This is the new normal they sold us on. Total government control, the #s on the telescreens will rule our lives for years.
IMO this shutdown is to help speed the push toward a UBI; making more people jobless equals more need for UBI. We’ll know very soon.

I’m pleased to report that distribution centres at Walmart, Amazon and Fedex never have ‘cases’.
Only at fun places and small business.

https://www.cbc.ca/news/canada/british-columbia/b-c-announces-new-covid-19-restrictions-for-metro-vancouver-health-regions-for-2-weeks-as-cases-surge-1.5793969#

#270 Disenfranchised on 11.09.20 at 4:16 pm

Deary my, if anyone doesn’t see the glaringly obvious before their eyes, there’s little hope for ya.

Covid won the election for the Dems. The media worked to ensure this. Despite this, Trump still won about half the votes.

He likely would have won in a landslide were in not for the fear mongering around the virus that we all knew would become a non-issue shortly after the election, one way or another.

The US has a long and storied history of voter fraud. That’s a simple fact. Was there fraud this time around, and in enough #’s to change the outcome? Maybe, maybe not.

To top off the nonsense, two companies announce antivirus candidates a day or so after Biden is declared. If you think the resulst were only known to those companies a few hours ago, again, no hope for you.

They would have been sitting on this info for a week or two at least. The could have made the same announcement before the election but chose not to.

These things are true, and obvious.

The count continues, Trump hasn’t conceded and if fraud is discovered, a state’s vote can be declared failed. There would then be a vote by the electoral collage, which means one vote per state decides the president. Republicans hold more states than Dems.

This has happened before.

While I think Biden is aight, and would be easily controlled if the senate stays republican, I don’t think Trump is finished.

The next 11 weeks will be epic.

#271 Tony Dianno on 11.09.20 at 4:21 pm

Garth, are we going to see another 1994 for bonds, bond ETF’s, bond mutual funds? If so how much -5%, -10% or more.

#272 Scott Walker on 11.09.20 at 4:49 pm

Hey there, Tony Dianno, some bond ETF’s, bond mutual funds are already down 2.5% to 7.5% depending on their maturity dated bonds in just the last 4 months or so.

I heard about the US 1994 bond massacre of big losses but I doubt we will see anything like that.

#273 Doug in London on 11.09.20 at 9:55 pm

So whatever happened to all those “experts” here that 1) said Trump would win the election by a landslide and 2) said that if Biden won that the stock market would crash? I looked at my investments today and what I saw didn’t look at all like a crash to me.

#274 willworkforpickles on 11.10.20 at 3:23 am

I should add still and as i have said before, those who now have the c-19 virus dormant within (nervous system) after having contracted the virus previously likely need not worry about future flare-up if they properly maintain their immune system health in taking vitamins d-3 zinc and c at the very least.
Studies done with this form of virus have shown with these (virus) type infections that stay dormant in the body, that they can be controlled with existing drugs and kept in the dormant state by maintaining a healthy functioning immune system.
Many as a fact do not take proper care in building up and maintaining their immune system health having had or not already having contracted the virus.
Another still broad government shortcoming in failing to get the message firmly into the heads of all people or not near enough effort in trying to by a long shot.

#275 willworkforpickles on 11.10.20 at 3:34 am

Those with healthy maintained immune system levels have shown to be able to beat the virus after contracting it down and out quite well.

#276 Glengarry Girl on 11.10.20 at 9:45 am

The majority of us are tired of Trump and his angry clan that continue to spew their hate, alternative facts and nonsense. We come here for intelligent, fact and evidence based economic news. I read many economic articles and blogs with the sole purpose of educating myself so that I can make solid financial decisions. The continued hijacking in the comments section by angry conspiracy theorists takes away from this dialogue. We are exhausted with it and many of us have vowed that going forward to not give it any more of our energy.

I agree with the blog Mich Talk taking the stance “bullshit from Distributed News or any other ridiculous conspiratorial source will be banned”

#277 belly rubs on 11.10.20 at 12:24 pm

#276 Glengarry Girl on 11.10.20 at 9:45 am
… I read many economic articles and blogs with the sole purpose of educating myself…

An admirable characteristic. To wit, learn the second rule of business:

#2 Remember you are dealing with people, and people say and do the darndest things.

I want to hear the opinions of everyone. I also enjoy reading the classifieds. This helps to gauge sentiment in local economies.