The vax attack

May you live in interesting times, says the ancient proverb. And, kids, here we are.

First, politics. Biden will win, Trump will lose. The lawsuits, blustering, inquiries and threats are theatre. Fascination, irritating, costly and a barnacle on Biden’s butt? Absolutely. But ultimately without consequence.

BTW, were people dancing in the streets of every major US city when Trump was elected? Or in Paris and London? Nope. The crusty white dude is now a cult guy. And Kamala has a lot to do with that. Angry Donald is the old one now. So done.

Second, Covid. Your days are numbered, you slimy little pathogen. Even as the virus runs rampant through much of the world in a second wave (OMG, they just shut down Manitoba…) and as US infections are on track to hit 200,000 a day in the next month or two, this bug is finished. Pfizer says so. The new vaccine with its 90% kill rate is the first light at the end of the tunnel in nine months.

Yeah, yeah, this will take months – maybe a couple of years – to get rolled out to millions and billions before we can claim victory, but we’re moving now. And investors sure like the smell of that.

Third, Mr. Market is one happy dude. The vaccine not only lifted the pharmas and some beaten-up value stocks but also the airlines and related travel businesses. It would change everything ultimately, and make false the assumption people had (a month ago) that we’ll be wearing masks, social distancing and eschewing empty city downtowns for years.

So the market is forward-looking and while we may not see widespread inoculations for a long time with many more infections to come, the leap forward is evidence of optimism. If you’ve sitting on the sidelines, moaning, whimpering and in cash, you have now missed the second major virus opportunity. First on March 23rd. Then again in the opening week of November. Meanwhile folks with B&D portfolios who remained fully invested and worried about stuff like weatherstripping were just fine.

Fourth, bond yields exploded higher this week as the Biden/vaccine story broke. This now makes it w-a-y more likely we have just bounced off the bottom for mortgage rates. And you know what they’ve been doing lately to house prices.

It matters not what the Bank of Canada or the Fed do with their benchmark rates – which will be staying in the ditch until inflation is officially returned. The CBs influence, but do not control, the bond market. Investors there look a year or two down the road for cues, and this week they’re seeing rainbows, unicorns, growing economies, price increases and rising rates.

With ‘normal’ now possible next year or in 2022, bonds vigilantes are happy to hit the sell button. After all, bonds pay nothing and are a fine place to ride out a storm. So when the forecast looks better, it’s time to switch from riskless assets like government debt and into growth assets like equities.

This is why bond prices are falling (as demand slackens) and yields are rising (they move opposite to those prices). In Canada our residential fixed-rate, five-year mortgage costs are closely tied to Government of Canada bonds, where yields just popped (and are likely to continue over the months to come). This is why some of the major lenders informed brokers by email yesterday to brace for change.

Now, rates as low as 1.6% are not going to 5% next week. But (a) this is probably the floor, so (b) it makes no sense going with a variable-rate mortgage and (c) a hike of a quarter or half point in the near future is a real possibility. Once that first hike occurs, there’ll be a tsunami of folks rushing to lock into the lowest, most absurd home loan rates in history.

Fifth, there are real estate implications to the above.

Those unloved, unwanted, take-me-at-any-price urban downtown condos which have been falling by ten grand a week won’t be on sale forever. A world of vax means people will no longer view elevators and garbage rooms as Chambers of Death.

Phun with Pfizer also means the WFH era will end that much sooner. This was, of course, never a realignment of society, just a temporary thing embraced by people who like Zooming in their undies. Yes, offices will repopulate and people will be expected back at their desks. No, not everyone, since some companies like not having all the overhead. But for most people, no contest. You’re goin’.

Oh yeah, that house you just bought in Barrie or Kamloops, Fort Erie, Hamilton, Hope or Squamish? Good luck commuting. Better luck finding a buyer next year.

You thought it was different this time because you’re special? Ha. So did Donald.

190 comments ↓

#1 Dogman01 on 11.10.20 at 4:14 pm

Keeping an eye on inflation:
– House Prices going way up – check
– Equities going way up – check

Wages ?

Latest Snapshot of the CPI, September 2020
https://www150.statcan.gc.ca/n1/pub/71-607-x/2018016/cpi-ipc-eng.htm

Inflation – a mechanism for the destruction of the standard of living for 80% of the population, especially the young; who do not own houses and do not own equites and will depend on wages to get them in a position to own either.

Inflation allows people who own stuff to be OK, but forces workers to get a raise each and every year……now what workers (other than Govt) are actually getting these consistent wage increases I ask?

Even Canada’s conservative party is starting to get it: https://nationalpost.com/news/politics/otoole-calls-for-better-conditions-for-workers-slams-outsourcing-to-china-in-speech

“How to boil a frog”. The Young in Canada are fully cooked.

#2 Captain Uppa on 11.10.20 at 4:16 pm

You thought it was different this time because you’re special?

————————————-

No, it’s because my mom said so.

#3 JacqueShellacque on 11.10.20 at 4:17 pm

Executives of the company manufacturing the virus and those in government who will mandate it be taken should be first in line to roll up their sleeves (or drop their drawers, depending on where the needle goes).

#4 Oracle of Ottawa on 11.10.20 at 4:23 pm

I believe the inflation you’ve been calling for will be disappointing. Inflation didn’t go anywhere even before covid, why would it all of a sudden pop now?

#5 dave on 11.10.20 at 4:23 pm

A hike of a quarter or half point in the near future is a real possibility – how near is important? PLEASE provide an order of magnitude – a few weeks, months, 6+ months?

#6 Captain Uppa on 11.10.20 at 4:23 pm

City of Toronto is drastically cutting its office space in the future.

Link: https://www.blogto.com/city/2020/11/toronto-drastically-cutting-office-space-remote-work-could-become-permanent/

#7 Joe on 11.10.20 at 4:24 pm

And as always: „The mother of all evil is speculation”!

#8 gimme stuff on 11.10.20 at 4:25 pm

‘Make America rake again’: Four Seasons Total Landscaping cashes in on Trump fiasco

https://www.theguardian.com/us-news/2020/nov/09/four-seasons-total-landscaping-trump-gardening-merchandise

#9 Brian Ripley on 11.10.20 at 4:30 pm

My chart is up for:

TSX INDEXES for Energy, Real Estate, Financial Services, Gold and the Bank of Canada Commodities in $CAD
http://www.chpc.biz/tsx-indexes.html

1.6 years of ZIRP and NIRP still has not kick started CPI and these TSX indexes look to be out of steam in the short term.

I don’t think we are going back to “normal” in 2021. This is a GLOBAL pandemic and here is a sober look at the problems of getting to societal immunity by Eileen Choffnes the immediate past director of the National Academy of Medicine’s Forum on Microbial Threats

https://thebulletin.org/2020/09/keep-your-mask-on-why-a-coronavirus-vaccine-wont-be-the-panacea-many-hope-for/

#10 Polecat on 11.10.20 at 4:30 pm

I prefer the office, if people ignore my email I walk to their cubicle and harrass them personally.

#11 Steerage on 11.10.20 at 4:34 pm

#8 gimme stuff on 11.10.20 at 4:25 pm

‘Make America rake again’: Four Seasons Total Landscaping cashes in on Trump fiasco

https://www.theguardian.com/us-news/2020/nov/09/four-seasons-total-landscaping-trump-gardening-merchandise

When your lawyer – who can’t keep his hands out of his pants – is holding press conferences between a porn shop and a crematorium…..the gig is up!

So how long til Melania dumps him…

#12 Brian Ripley on 11.10.20 at 4:34 pm

Should read “11.6 years of ZIRP and NIRP”

#13 Stone on 11.10.20 at 4:35 pm

Meanwhile folks with B&D portfolios who remained fully invested and worried about stuff like weatherstripping were just fine.

———

Ooooooh yeah, baby!!!

In regards to worrying about weatherstripping, I leave that for the landlord subsidizing my shelter costs.

Ooooooh yeah, baby!!!

#14 TurnerNation on 11.10.20 at 4:35 pm

I guess Greece didn’t get that memo.
Watch your travel rights. No travel will be allow soon without your Covi-pass, stored in the Blockchain natch.
Why else was this all developed? Decades of planning, rolling out now.

“Powered by VST Enterprises groundbreaking cyber security technology VCode® & VPlatform®, Circle Pass Enterprises has contracted with VST Enterprises for a fully secure Digital Health Passport – COVI-PASS™, to be paired with approved testing kits. CPE is to start shipping orders from next week for the first phased release of 50M COVI-PASS™ Digital Health Passports to both the private sector and Governments in over 15 countries, including Italy, Portugal, France, Panama, India, the US, Canada, Sweden, Spain, South Africa, Mexico, United Arab Emirates and The Netherlands.

The COVI-PASS™ Digital Health Passport works on an intelligent colour mapping system (green, amber, red) to authenticate and validate a COVID-19 test providing test history and relevant health information. This allows for accurate data metrics to assess those who have tested positive and negative and the location only of their testing. The COVI-PASS™ Digital Health Passport can be used as an authenticated gateway for Public Services, Businesses and Employees to manage a safe return to work, life, and safe travel.”

….
For our health!
Wait till 5G and Internet of Things for the tracking and restrictions on movement really to ramp up. Biometric temperature sensors everywhere in public (already rolling to school busses in Canada, North America) , linked to your cell phone.
Early days of the New System – the Old System was shut down overnight in March.

– SMS 13033 for movement during lockdown
All individuals residing in Greece will be required to send an SMS text message to 13033 in order to obtain permission to leave their homes during the lockdown.

– Greece Now Requires PCR Tests From All Travelers
Greece Lockdown Updates: Greece officially updated entry requirements and will now require a negative PCR test for all passengers/travelers.

#15 mj on 11.10.20 at 4:36 pm

things will get better with a vaccine. However, if the government cancels the holidays, things can get really bad in 2021. Retailers rely on the holidays, if we have a bad season more stores to close. Let alone all the restaurants that won’t last through winter. So things could get worse before they get better

#16 Stone on 11.10.20 at 4:38 pm

Phun with Pfizer also means the WFH era will end that much sooner. This was, of course, never a realignment of society, just a temporary thing embraced by people who like Zooming in their undies.

———

Oh crap. Undies were a requirement while Zooming? I thought it was optional.

#17 Ray on 11.10.20 at 4:42 pm

Lots of fake news here

#18 Our friends on 11.10.20 at 4:43 pm

The markets are serving us well. Thank your dear God Biden got elected. Or did he. Tick tock.

If Trump wins, what’s in on the markets? Should we cash out now?

#19 Dolce Vita on 11.10.20 at 4:57 pm

“Covid. Your days are numbered, you slimy little pathogen.”

You need to be more forthright in your assertions Garth.

Well, THAT was unambiguous (and GOOD).

———————–

Pfizer:

“Based on current projections we expect to produce globally up to 50 million vaccine doses in 2020 and up to 1.3 billion doses in 2021.”

So that 25 million people this year (2 dosages/person) and up to 650 million in 2021.

The European Union announced today an agreement with Pfizer for 200 million doses or a 100 million people get vaccinated.

The EU’s population is 446 million.

Hopefully there will be other vaccines that step up to the plate that are as good as Pfizer’s. I mean Flu vaccines are about 50% effective so this is good, very good.

———————–

Debbie Downer:

So, what’s up with the 10% non efficacy of their vaccine?

What happens to you then is all I want to know.

Shop around for another vaccine BUT by then it might be too late when you find out you’re 1 of the 10%.

Luck of the draw. Mother Nature down for the count BUT not out. Never. Ever.

Still, I like the odds.

#20 Fruit Vendor on 11.10.20 at 4:58 pm

A couple of interesting days on the stock market. According to the financial markets, the virus is whipped, I don’t think so, look at the numbers of new cases. The market has risen dramatically in the last few days, a new president and medical break-throughs. Analysts are saying the market is looking ahead as ir always does, however usually 6-8 months. Economic recovery is years away in my opinion, so what is happening. Rates are down, money being given away to the populace with the message, please spend, take on more debt at these low levels. Bank of Canada says no rate increases until at least 2023, so borrow, borrow, borrow. Not long ago we were all being lectured on too much debt, what changed? We are being duped, simple as that. We are in tough economic shape, the end.

#21 SoggyShorts on 11.10.20 at 4:58 pm

Anyone out there using the Larry Swedroe 5/25 Rule?

I’m curious about WHEN you implement it. Do you check at the end of each month or set an alert or what?

I’ve been edging 84/16 of my 80/20 and it could hit that 85% trigger if things go well for equities.

#22 Dwayne on 11.10.20 at 4:59 pm

“BTW, were people dancing in the streets of every major US city when Trump was elected? Or in Paris and London? Nope. The crusty white dude is now a cult guy.”

I think you meant “..when Biden was elected?”

As always great perspective. Thanks!

Ps will you and Dorothy take in a new hound? Hope so. Eventually.

Actually I did mean Trump. Nobody did a jig in 2016. – Garth

#23 Paul on 11.10.20 at 5:00 pm

So I guess Justin just pull a Hillary cleaning up the evidence!

https://tnc.news/2020/11/09/records-of-trudeaus-we-speaking-engagements-destroyed-committee-hears/

#24 Coho on 11.10.20 at 5:01 pm

Ha…another posting baiting the “deplorables”. How else to keep the comment section abuzz. House lust and portfolios seem to be so yesterday with everything that is going on. One could argue that is all the more reason to focus on amassing a tidy sum. Others may look elsewhere for answers or comfort during these times.

Actually, the entire election was theatre. As far as shenanigans go, there’s nothing to see here folks, according to the Establishment. It says that B won, so lets get on with it.

Biden is calling for unity even after what they’ve been doing to T over the last four years including call him an illegitimate President. Some on the left are calling for persecution of millions of conservatives, calling them despicable because they voted for the other party. Many of these are the SJW that preach tolerance.

HRC long before the election told Biden not to concede UNDER ANY CIRCUMSTANCES. What exactly does that mean? Yet T should concede even when there is still vote counting going on. How can they not see their own blatant double standards and hypocrisy? You can’t make this stuff up.

Let’s be honest; if the shoe was on the other foot the left would be cheerleading B to fight the good fight and leave no stone unturned.

We’re being blinded of what is right and fair cheerleading for “our person” in arguably the most corrupt institution on the planet. Reasonable people will respect a fair outcome regardless of “the winner”. By the way, those walking the halls of power are the “winners” by earthly standards. They’re at the top. And the people are at the bottom.

This is the time of exposure. The Divine sees through all. May the morally and spiritually devoid enjoy their toys and trinkets while they can.

#25 Oakville Rocks! on 11.10.20 at 5:01 pm

Okay, maybe there was no one dancing in the streets in 2016 but I am pretty sure Vlad did the traditional Cossack dance in the Kremlin and Bibi was getting down to Hava Nagila.

Besides, have you ever seen white supremacists or Proud Boys dance? Embarrassing. They have no rhythm and it is hard to dance when you are loaded down with assault rifles and ammunition.

#26 The Totally Unbiased, Highly Intelligent, Rational Observer on 11.10.20 at 5:02 pm

The twits behind Twitter are getting really mad at President Donald J. Trump for spreading the truth about election fraud. Never before in all of human history has anyone been so twitterhated as President Trump.

Those big tech giants sure hate freedom of speech, especially when someone like President Trump uses it to spread the truth about election fraud, or the truth about any other matter. Those big Tech Traitors need to be broken up into little 140-byte size pieces.

#27 truefacts on 11.10.20 at 5:07 pm

Curious question (although it seems people don’t usually have an answer, but I’ll ask anyways):

IF they did discover election fraud in the US, does it really change anything. I mean is there any mechanism to deal with it? Who in the US has jurisdiction over this? Has it ever happened in election history and how did they deal with it.

I’m just wondering if this has a chance to cause any trouble or is it a side issue???

#28 leebow on 11.10.20 at 5:09 pm

#1 Dogman01

Inflation sucks. But how many mortgage holders can realistically be expected to repay? Do you see any other way out that is also not a political suicide? The inflation doesn’t have to be super high. 3-4% inflation will eat away a good chunk of debt in just a few years.

#29 Toronto_CA on 11.10.20 at 5:09 pm

I don’t think it is as simple as “vaccine available” = WFH ends.

As you say, some companies don’t want to pay for the overhead as much as some employees don’t want to commute. As I’ve repeated from the beginning, a hybrid approach to working in the office will emerge from a year of lockdowns. WFH 2-4 days a week and WFOffice 1-3 days a week likely. Employers happy, employees happy. No one should ever say the office is dead, we still need them to exist. We just don’t all need to go to them 5 days a week 9-5 to be effective.

This permanent shift will have profound impact on downtown footfall and inner city commercial RE in my opinion (more than it already has).

#30 Diamond Dog on 11.10.20 at 5:13 pm

Second, Covid. Your days are numbered, you slimy little pathogen. Even as the virus runs rampant through much of the world in a second wave – Garth

Sorry Garth, Covid is here to stay. It will mutate into more strains over time to keep the pandemic alive. It’s a numbers game. As the number of active hosts increases (14 million active reported cases world wide, double that number) over the course of time, the chances of a new mutated strain increase. It’s already mutating to become more contagious:

https://www.thehealthsite.com/news/covid-19-virus-undergoing-genetic-mutation-becoming-more-contagious-776326/

It won’t stop there. At some point, Covid19 will mutate into what is known as Antigenic Shift into a new strain. (here I go having to repeat myself):

https://en.wikipedia.org/wiki/Antigenic_shift#/media/File:AntigenicShift_HiRes.svg

‘Rona is trying to do that with Mink right now. It’s not just a “new” strain reported out of Denmark we need to be concerned with, its the chances of it happening globally anywhere:

https://ca.news.yahoo.com/coronavirus-kills-15-000-u-201936002.html

There are 6 nations that are reported to have mink farms infected with Covid19 according to the WHO. It’s not just Mink. This virus will mutate to try to infect cells from every kind of animal host it can and at some point, it will succeed in jumping from human to animal to humans again through mutations and in so doing form a new strain that this current vaccine will be useless against. Fears are very real that this has already happened in Denmark and they are trying to contain it.

Secondly, the world is still in its first wave but why split hairs. My point is, to say this virus’s days are numbered is to not understand the science or get caught in a bubble of optimism and hype over a vaccine that a) its efficacy could drop over time, potentially significantly over the next couple months (I’ve read somewhere that it’s expected to drop to 70% in a couple months, oh, a couple months back, don’t have time to source the link) b) its longevity remains to be proven, its one thing to inoculate the world with a vaccine that lasts a lifetime, quite another to expect people world wide to retake the same vaccine every year like, say, a flu shot.

That being said, I think the vaccines developed will have excellent longevity “for their intended strains”. New, mutated strains that become dominant over time will unfortunately make vaccines outdated, increasing the chances for updated vaccines over a slightly longer period, I’m thinking every 2 years. Does anyone here think the world can do high percentage wide spread global vaccine campaigns every couple years to compensate and contain mutated virus’s in the meantime from spreading? Anyone at all? To say Covid19’s days are numbered is, like I say, to be swimming in a bubble of optimism and not understand the science. But what do investors know right? At least, this week anyway.

#31 Bill on 11.10.20 at 5:14 pm

Far from over we haven’t even got the Covid hangover yet.
Busted companies, big fat Gov and personal debt.
We shale see.

#32 Dolce Vita on 11.10.20 at 5:19 pm

“…and a barnacle on Biden’s butt?.”

You just have to love Alliteration especially when it has a Maritime flavor to it.

Or, you can just sweep Alliteration aside and go for Visceral, like @derspiegel did today in a couple of articles, the headlines:

“Trump is a mentally disturbed individual”

“Trump clings to power, Lies, Blocades, Complaints”

…they hate Boris Johnson even more; thus, the above was Der Spiegel being for once gracious.

#33 Alberta Boy on 11.10.20 at 5:21 pm

The way the Republicans and their supporters are handling this is a disgrace. For 4 years the Democrats have totally accepted the results of the 2016 election; they have refrained from using baseless allegations to try and subvert or delegitimize the President. Sadly, it looks like we cannot expect the same sort of respect and honor from right leaning Americans. We love you Joe Biden!

(I am doing my part to keep this website from getting cancelled)

#34 justdeleteitifyoudontlikeit on 11.10.20 at 5:33 pm

“IF they did discover election fraud in the US, does it really change anything. I mean is there any mechanism to deal with it? Who in the US has jurisdiction over this? Has it ever happened in election history and how did they deal with it.”

Here ya go:
https://www.gq.com/story/north-carolina-ninth-district-fraud

Dig deeper if you want. Elections are run by the states (US Constitution says so), so governed mostly by state law. Federal courts (including SCOTUS) usually defer to state courts on matters interpreting state law.

Of course, the above story must be a fable; I’m reliably informed by posters on this blog that only the Democrats engage in ballot harvesting and large scale fraud.

#35 greyhound on 11.10.20 at 5:35 pm

Looks like 70 million folks in the US believe that they’ve been mislead by “experts.” And in the UK, Poland, etc. Isn’t that partly what populism is about?
And this quote today caught my eye —
“So the market is forward-looking…”
Yes, most of the time, except occasionally when it isn’t.
In May of 2008 the (US) S&P was rising through 1400 points after many months of continued gains. So, forward looking to still greater highs?
Whoops. By March of 2009 the same index was in the 700s. A 50% loss. Right now, and short term, some cash may not be trash after all…

#36 SeeB on 11.10.20 at 5:36 pm

#68 Nonplused on 11.09.20 at 7:12 pm

“The big one is Pennsylvania. Setting aside the fact that mathematical fraud detection tools light up like a Christmas tree when applied to the mail in ballot data.

———————-
Don’t set it aside. Please explain how it “lights up like a Christmas tree”. Do you have any visual aids to describe this that resemble a lit-up Christmas tree?

———————-
“…and the fact that is it hard to imagine how the mail in ballots leaned so far to Biden that they could erase a 7 point lead, the case to have them all thrown out is pretty solid.”

—————————
It wasn’t hard to imagine. We were warned about it, BY TRUMP, for weeks. Trump literally told his followers on dozens of occasions ahead of the election not to use mail-in ballots. If you selectively decided to forget this, then there can be no debate with you.

Trump’s own team told him to stop doing this because it would hurt his campaign, since mailing in ballots would make it easier for his supporters too. Why do you find it difficult to believe that his followers listened to Trump’s own bad advice?

Also, “throwing out votes” is an extremely difficult thing to do and stating the courts should easily be able to do this is telling of your own moral compass. A court system that can throw votes out because “my supporters didn’t use mail, so mail is illegal” is destabilizing to a democracy .

—————————
Pennsylvania state law says no ballets are to be counted that are received after election night. The Pennsylvania supreme court overruled this and allowed late ballot counting, which is where many of the Biden votes appeared.

—————————
How? Mail in votes were to be counted last as was decided by the Republican Led General Assembly well ahead of the election. Due to Covid, way more people mailed it than usual. Mail in ballots take longer to count because not only are you opening multiple envelopes, but you are verifying each as they go. These steps were required by the Republicans in charge of PA.

https://lancasteronline.com/news/local/pa-vote-count-q-a-why-did-it-take-elections-workers-so-long-to-count/article_f36c35be-229c-11eb-9ffe-23e9688220de.html

These are the idiots you cling to and admire. They can’t even rig the election in their own favour without shooting themselves in the foot.

Before you turn around to other points regarding poll watchers… here:

https://twitter.com/i/status/1324799673631125511

Republicans are lying about not being in the room. Trumps lawyers had to admit to a Pennsylvania judge while IN COURT that they were making that up, or else perjure themselves.

————————————
** I do not suspect a conspiracy by Biden or any other secret forces to steal the election. But I do suspect an army of Biden supporters who thought they had to do what they could to save the world from “Hitler” making little changes here and there whenever they were not observed. To the extent it occurred, it was largely not organized.

———————————————————–
Well, your “feeling” that people took little steps to “stop Hitler” is just that. A feeling, with no solid proof of systemic issues. Stop with the “I’m not saying, just saying” routine. It’s the same as saying it’s true. If you don’t believe something 100%, don’t go broadcasting around like it “could” be fact. It’s not “asking questions”, it’s just spreading insinuations.

You’re too much man… What about how many times Trump has taken to the airwaves to widely call the election a “Fraud”, even before ballots were cast.? You know that fascist thing where strong men ask their followers to not trust the outcome of elections? That part doesn’t bother you, but “weird maths” does? What about making false accusations in affidavits?

Despite all his and his republican crony efforts to destabilize the election, he still lost. Trump is a serial and proven loser. You know what, it doesn’t matter, believe what you want. More than enough people see the truth.

#37 Truth on 11.10.20 at 5:37 pm

On Friday:
“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. ”

Today:
“If you’ve sitting on the sidelines, moaning, whimpering and in cash, you have now missed the second major virus opportunity. First on March 23rd. Then again in the opening week of November.”

Opinion changed fast.

#38 vanreal on 11.10.20 at 5:38 pm

“May you live in interesting times” is a curse not a parable

#39 Warren-the-lagging_indicator on 11.10.20 at 5:40 pm

Judicial watch just revealed that among 353 US counties, 1.8 million voters may have been registered than eligible voting age citizens. That’s right registration rates surpassed 100% of eligible voters.

#40 AM in MN on 11.10.20 at 5:41 pm

Well, I stand behind my previous comments.

Biden will pull this out, but the fraud is huge and undeniable.

Many a computer wonk at work running statistical analysis now. This is how it’s done with bank or insurance fraud investigations. Use big data to locate the needle in the haystack, then go for the needle.

In this case they have mostly found it already, but can’t do anything about it because the ballots are in the count pile and can’t be separated.

As Stalin once noted; those who cast ballots decide nothing, those who count the ballots decide everything!

To summarize again, it works like this;

In a corrupt Democrat run City, halt the vote count once it starts looking bad. Send everyone home until morning. Take a list of everyone on the voter rolls and subtract everyone who already voted. Add those names to as many ballots as you need to, from the 10’s of thousands floating around from the mass mail out of ballots, and fill them in, accept them and separate them for counting.

Open up in the morning and there’s 100,000 or so extra Biden votes. Done.

It works, but the problem in this case was that it was too big and thus left too many traces. Big data has already noted huge differences, beyond any reasonable other explanation, for the vote differences between cities in battleground states, like Milwaukee, Detroit, Philly, Atlanta, Vegas, Pittsburgh….even Savana, and places similar like NYC, Chicago, Cleveland, Houston, Memphis etc.

They can even trace the exact time it happened, and all of these cities happen to line up together on the time base.

Again, it can’t be reversed unless huge amounts of ballots are rejected, including many non-fraudulent ones, so it won’t happen.

But, as I said before, the victory is pyrrhic. Without moral legitimacy, power is severely diminished.

70M mostly hardworking Americans now know that the game is rigged beyond their ability to do anything about it. The whole country becomes California now. Consequences will ensue, including for markets.

Look for most of the countries in the world to get closer to China and cut their best deal.

Note the large scale round ups of dissidents going on in HK this week if you want a glimpse of what it will look like.

#41 Speaking of weatherstripping ... on 11.10.20 at 5:45 pm

Went down to my local RONA today to buy a strip to run along the bottom of a door. 30 bucks for a strip of plastic that is 34 inches long. Not today … or tomorrow.

#42 sue on 11.10.20 at 5:50 pm

No dancing in the streets in 2016 or rioting in 2020. They’re all at work.

#43 Lambchop on 11.10.20 at 5:50 pm

#23 Paul on 11.10.20 at 5:00 pm
So I guess Justin just pull a Hillary cleaning up the evidence!

https://tnc.news/2020/11/09/records-of-trudeaus-we-speaking-engagements-destroyed-committee-hears/

_______________

I wonder how much attention would be paid to this by the comments section, had Trump or Biden been involved.

Trudeau involved? Crickets.
This vacuous puppet is “running” our country! Wake up!

Everyone here wants an American politician to be held to account for something or other while our own do as they please with no public interest or outrage.

#44 Kevin on 11.10.20 at 5:51 pm

“Toronto_CA
I don’t think it is as simple as “vaccine available” = WFH ends.

As you say, some companies don’t want to pay for the overhead as much as some employees don’t want to commute. As I’ve repeated from the beginning, a hybrid approach to working in the office will emerge from a year of lockdowns. WFH 2-4 days a week and WFOffice 1-3 days a week likely. Employers happy, employees happy. No one should ever say the office is dead, we still need them to exist. We just don’t all need to go to them 5 days a week 9-5 to be effective.

This permanent shift will have profound impact on downtown footfall and inner city commercial RE in my opinion (more than it already has).”

Agree with almost everything you write, Garth, except your WFH/office perspective. The work environment will change after COVID19… the office will still exist, but it’ll be a hybrid environment, like a hub and spoke model. This comment captures it correctly IMHO.

#45 Reximus on 11.10.20 at 5:51 pm

Biden is calling for unity even after what they’ve been doing to T over the last four years including call him an illegitimate President.

—-

And that’s all Trump is trying to do, get revenge by trying to pretend he was ‘frauded’ to cast the same cloud over Biden. But mostly to make a pile of $$$ from his rubes.

Example: there was an impromtu “Save Trump” rally called for DC this weekend…but you had to subscribe on EventBrite for 25$ to attend. (Nobody did)

Its all grifting now

#46 TurnerNation on 11.10.20 at 6:03 pm

Of course Christmas will be cancelled. Classic trick honed on detaineees. Co-operate..and you will get to see your family again. Just two more weeks. And you will be free.
Bag em and tag em right?

Our globalist rulers drunk on power. Unelected Czars.
No sitting Federal Govt. Opposition? No NDP fully on board with stopping the spread of capitalism.
Man gotta hand it to them they won this fair and square.
Those #s on the telecreens. We fell in one week.

Almost…biblical. No room in the Inn, you must dine outside in the barn with the animals. Ya filthy animals.

As I’ve been saying all this has ONE goal. That is to force UBI in Q1 2021. The global goal FYI. All those workers to be laid off as business ordered shut. In every (former) first world county too. Do you need more clarity?
https://www.youtube.com/watch?v=py2UgAJdgcw

Toronto’s Chief Medical Officer of Health Dr. Eileen de Villa announced Tuesday the extension of prohibition on indoor social gatherings in the city for a 28-day period, beginning Nov. 14.

Dining in will remain prohibited at restaurants, bars, and food or drink establishments.

Meetings and event spaces, casinos, bingo halls and other gaming establishments will also remain closed under the new order.

#47 Rainman on 11.10.20 at 6:04 pm

Squamish was booming far before Covid Garth and has been bedroom community to Van for quite some time. Yes it became even more desirable during covid, but I don’t see much changing here. It’s where people want to be. I’d rather people stay away BTW, but not happening. Just too nice here. :)

#48 Shirl Clarts on 11.10.20 at 6:04 pm

#13 Stone on 11.10.20 at 4:35 pm
Meanwhile folks with B&D portfolios who remained fully invested and worried about stuff like weatherstripping were just fine.

———

Ooooooh yeah, baby!!!

In regards to worrying about weatherstripping, I leave that for the landlord subsidizing my shelter costs.

^^^^^^
Wrong. Your landlord does not worry about YOUR heating costs.

#49 Dogman01 on 11.10.20 at 6:09 pm

#28 leebow on 11.10.20 at 5:09 pm

“3-4% inflation will eat away a good chunk of debt in just a few years.”

—————————————————–

Yes – I think you are correct and to boot the inflation will not bother those with Houses and Equity…as that will all go up.

But they are killing wages and those dependent on wages. (such as the young.)
The wealth gap will grow further and become yuge!!

Then societal tensions will further increase, and the Deplorables will be back under a new Banner.

Like Star Wars

A New Hope – Trump takes on the Empire
Empire Strikes Back – Welcome POTUS Biden
Return of the Jedi – Worse than Trump?

#50 S.Bby on 11.10.20 at 6:14 pm

I’m not putting much faith on what Pfizer is saying because clinical trials take upwards of 10 years to complete properly and there is no way they can claim any kind of efficacy in a few months of testing. Even IF this vaccine does work, we still don’t know how long the vaccine’s effects will last. Will we need to get re-vaccinated every 6 months, who knows…? What about any mutations? Then there is the logistics difficulties in the distribution with billions of doses required. Sorry, but I think this virus will have burned through the whole population before any vaccine will make any difference. Keep in mind there has never been a successful corona virus vaccine developed for humans.

#51 Linda on 11.10.20 at 6:14 pm

Rainbows & unicorns, huh? So that pot of gold at the end of the rainbow goes to: 1) the bank; 2) the seller; 3) the buyer. Place your bets. As for the unicorn, make sure you don’t get stuck by the horn. Ouch!

#52 Vexatious Litigator - Why hasn't Trump been named one? on 11.10.20 at 6:15 pm

The Pfizer news is great but there are still many unknowns. The infrastructure doesn’t exist to any large degree to handle this vaccine that has to be kept at lower than -70C and the container at that temperature can’t be opened more than twice a day. Let’s hope the J&J and a couple of others are as close as they are saying. Their vaccines need to be kept at temperatures we are far more able to and are used to dealing with, likely more in the area of -5C like many common vaccines. Still a great start, offers some hope.

Can’t help but mention how Trump and Pence tried to claim some part in this yapping about their warp speed nonsense that Pfizer wisely declined to be part for exactly that reason.

#53 Elon Fanboy on 11.10.20 at 6:16 pm

You may have to travel to a major city to get this Covid jab.

Apparently the vaccine has to be kept at something like -80 degC.

Wonder how many facilities there are in Canada that can provide that cooling infrastructure on a mass scale?

#54 Pete from St. Cesaire on 11.10.20 at 6:18 pm

What’s the point of a vaccine with a 90% efficacy rate when people’s own immune systems have a 99% rate of beating the ‘virus’.

#55 KNOW IT ALL on 11.10.20 at 6:21 pm

But what about all the DEBT…
What are the large corps and govs going to do?

and ARE YOU SURE Trump won’t be in for 4 more?

https://www.youtube.com/watch?v=Ghs0XcyenUw&t=30s

#56 S.Bby on 11.10.20 at 6:24 pm

Regarding WFH: I have been WFH since April and I expect to be WFH until at least mid next year, but I do not intend to ever go back into the office to work ever again. Being in IT, I’m able to get the same work done from my house as I can do in the office so there’s no point in wasting time commuting to the office. If my employer forces the issue, it’ll be my retirement time. Adios baby…

#57 Sara on 11.10.20 at 6:26 pm

Psychiatrist Bandy Lee: Trump’s election meltdown is “most dangerous period of this presidency”

https://www.salon.com/2020/11/09/psychiatrist-bandy-lee-trumps-election-meltdown-is-most-dangerous-period-of-this-presidency/

#58 Axehead on 11.10.20 at 6:27 pm

Love the pic so real, so profound.

#59 Dolce Vita on 11.10.20 at 6:27 pm

#26 The Totally Unbiased, Highly Intelligent, Rational Observer

If its any consolation to you there is a cornucopia of Trump Fanbois and Fangurls on Twitter (and that’s how they spel 2).

To quench your thirst for your censored Masters Voice repeated in lieu try:

@Mike_Pence (5.7M followers, formerly @VP and still there?)
@GOP (2.6M, self-explanatory)
@michellemalkin (2.2M, Righty Outdoorsy Homeschooling Mom)
@charliekirk11 (1.9M, as Righty devoted as they get)
@w_terrence (1.1M, Righty comedian and a good one at that)
@hodgetwins (763.5K, Righty twin comedians, also very good)

There are others but the above are my favorites (as a Lefty) and there are all the other obvious accounts as well most of them wonky and why I unsubscribed from them (@Heritage, @RedState, @theMRC, right wing talk show hosts, etc.)

So plenty of Trump ECHO CHAMBERS out there in Twitterland of his Masters Voice.

————————

and definitely, definitely STAY AWAY from:

@SpeakerPelosi (5.9M, self explanatory)

@sarahcpr (2.4M, Lefty comedian that dubs, mimes Trump…funny as heck, well, if you’re a Lefty like me)…some of my faves by her:

“Earlier today Trump went to see his pastor to pray”
https://twitter.com/sarahcpr/status/1324428295979585536

“I tested very positively”
https://twitter.com/sarahcpr/status/1263602255476985862

My personal FAVORITE:

“How to cognitive”
https://twitter.com/sarahcpr/status/1281631729409822722

————————

One thing for sure, American Comedians Left and Right will certainly miss 45.

#60 Reximus on 11.10.20 at 6:34 pm

Biden’s election advantage is now bigger than Reagan’s for an election with an incumbent;

Trump is the biggest loser ever.

#61 TurnerNation on 11.10.20 at 6:36 pm

Re. UBI coming in Q1 2021.
Why’d they drop this little story. In NL – a have-not province. It is a marketing story. Reactions, comments will be gauged online. To help them prep and better market the full country-wide rollout of UBI next year.
In my opinion**
Never forget the globalists are playing the Long Game.
Three month of data – our reactions – is critical to selling the full rollout

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

…………….

—-I’ve posted this since April. It’s from another blog.
They said this . How true it is now. Most apps are free because we are the product. Data.

“We’re in an experiment. We’re now getting a glimpse of what a high tech, low carbon, limited mobility civilization looks like. The technocrats must be loving this – they’re going to have so much data to analyze after the experiment is over. Other major interest groups will use this experiment to further their agendas …”

#62 cto on 11.10.20 at 6:51 pm

Funny Garth, condos you say are going back up!!!
Ha ha!
You say this when they haven’t even inched down yet!
Still a piece of crap 1 bedroom sits at 350000.
4 or 5% correction is a micro blip.
Now we know the BoC intervened in a Bigly way and they will again every time. Seems their job these days is about keeping something elevated. Its certainly not interest rates but it might be blowing inflationary asset bubbles.

#63 Penny Henny on 11.10.20 at 6:52 pm

BTW, were people dancing in the streets of every major US city when Trump was elected? Or in Paris and London? Nope.
/////////////

Nope is right.
But I remember protests in Toronto for days on end even though he was not our president.
So who are the crazy ones??

#64 zoey on 11.10.20 at 6:53 pm

For sure. Of the dozen ETF’s I follow only the bond ETF’s are going down with yields slowly rising. Tech isn’t doing so great either as the WFH phenom erodes.

When does Trump give his “we lost speech” , I want to watch it with a beer and popcorn.

#65 WAKEUP on 11.10.20 at 6:54 pm

I just heard a US constitutional lawyer speak.
Biden’s not going to win.
Too many glitches (code for fraud)

#66 Lefty on 11.10.20 at 6:56 pm

Big Pharma saves the day. Take that, hippies!

#67 David Greene on 11.10.20 at 6:56 pm

I don’t agree with the vaccine euphoria. I think it’s way too early to be so excited about this prospect.

First, the vaccine testing results announced were of the preliminary testing phase. Does everyone here understand what that means? No? Read up on it.

Second, the experimental subjects were, IIUC, all volunteers. Do you think tons of people with pre-existing conditions volunteered as subjects? I don’t think many sensible people would do that.

Oh, and it bears repeating that no succesful vaccine has ever been created for a Coronavirus yet. Not one.

I’ll wait another few months to see how it all turns out before getting any vaccine created in 6 or 7 months, thanks.

#68 TurnerNation on 11.10.20 at 6:56 pm

So why isn’t Kanada getting locked down harder?
Why no curfews, 1 hour outside prison-yard exercise time? Or police check points? Or needing papers or texting before you may leave your house?
I’ll tell you again I said this before: the WORST restrictions are reserved for the countries with the strongest most independent cultures.
UK, Greece, Italy, Australia and soon…USA. They are bid(en)ing their time.
The goal of this as many have said is destruction of our way of life. They H8 our way of life. (Psst its not those ‘IS’ guys overseas).
So why’d we get off easier? Because T2 already declared us a Post National State.
The damage was already done you see.

If you told me this all was programmed into the A.I. and it spits out the non-sensical almost daily changes our leaders decree…I’d say why not?

#69 SOMETHINGS UP! on 11.10.20 at 7:06 pm

BEFORE YOU MISLEAD everyone to walk into the fire.

“It’s great Pfizer is having great results, but IT HASN’T BEEN APPROVED YET, you don’t know when it’s going to be available, how many vaccines will be available or what’s happening with the other companies,” said Levine. “Let’s be happy, but let’s not get carried away.”

https://windsorstar.com/investing/lets-not-get-carried-away-investors-cheer-vaccine-progress-but-rallys-staying-power-questioned

#70 Randy on 11.10.20 at 7:06 pm

Spoiler Alert..Trump Wins 2020…Again…Waterfall coming…..

#71 TheRealPhil on 11.10.20 at 7:06 pm

Biden and his comrades committed fraud and attempted to steal the election and the Trump faction is rooting out the Corruption deeply embedded in DC. Wish they could do it hear in Canada before they take away all of our freedoms and rights under the guise of philanthropy. Never trust anyone peddling fear absent danger.

Biden quote: “We have put together, i think the most extensive and inclusive voter fraud system organization in the history of American politics”

-Source: https://www.distributednews.com/471856.html

Biden Quote: “Folks we’ve got a lot of work to do. I don’t need you to get me elected I need you once I’m elected.”

-Source: https://www.youtube.com/watch?v=v3mv6XOUBdM

How voter fraud happens:

https://www.youtube.com/watch?v=ficae6x1Q5A

Funny enough that video doesn’t appear in the search results if you search “Interview with Source on Electronic Vote Fraud” switch it to “”Interview with Source on Electronic” and it is the first on the top of list. You can’t trust Google or Twitter they are in the business of reality shaping and manipulation.

What do you think Garth?

#72 Nonplused on 11.10.20 at 7:09 pm

“First, politics. Biden will win, Trump will lose. The lawsuits, blustering, inquiries and threats are theatre. Fascination, irritating, costly and a barnacle on Biden’s butt? Absolutely. But ultimately without consequence.”

—————————

Why does the media keep saying things like this when the election is not finished yet? It took 37 days to complete the 2000 Bush-Gore election. It could take just as long this time. Pennsylvania, Georgia, and Arizona are all still in play, and potentially a couple other states.

There are too many statistical absurdities in the votes counted the week after the election for there not to be recounts and indeed recertification of ballots. Expensive and time consuming. But the red flags in the data will make the process easier.

It’s pretty easy to figure out where to look even without Benford’s Law.

It is impossible to run something as gigantic as the US election without some fraud. But this year more than ever the motive (stopping Hitler) was higher than it has ever been and the oversite (due to covid) lower. Biden would do well to welcome Trump’s challenges in the interest of transparency, especially since the Trump campaign has to pay for them. The country will not be able to move forward without satisfying the electorate that there was no significant cheating going on. There is no way red America is going to accept the results until all of the investigations are complete. If Trump is denied his recounts and day in court, the nation will be permanently fractured.

Although if I were Trump, I’d just concede and head back to Mar-a-Lago. But there are 70 million people out there who would be very disappointed if he did that. See, the people who voted against Trump were voting against Hitler. But the people who voted for Trump were voting against Stalin. Both of these positions are very far divorced from reality but don’t let that confuse you as to how people make decisions.

#73 SeeB on 11.10.20 at 7:12 pm

#68 Nonplused on 11.09.20 at 7:12 pm

“The big one is Pennsylvania. Setting aside the fact that mathematical fraud detection tools light up like a Christmas tree when applied to the mail in ballot data.
———————-

Don’t set it aside. Please explain how it “lights up like a Christmas tree”. Do you have any visual aids to describe this that resemble a lit-up Christmas tree?
———————-

“…and the fact that is it hard to imagine how the mail in ballots leaned so far to Biden that they could erase a 7 point lead, the case to have them all thrown out is pretty solid.”
—————————

It wasn’t hard to imagine. We were warned about it, BY TRUMP, for weeks. Trump literally told his followers on dozens of occasions ahead of the election not to use mail-in ballots. If you selectively decided to forget this, then there can be no debate with you.

Trump’s own team told him to stop doing this because it would hurt his campaign, since mailing in ballots would make it easier for his supporters too. Why do you find it difficult to believe that his followers listened to Trump’s own bad advice?

Also, “throwing out votes” is an extremely difficult thing to do and stating the courts should easily be able to do this is deluded.
—————————

Pennsylvania state law says no ballets are to be counted that are received after election night. The Pennsylvania supreme court overruled this and allowed late ballot counting, which is where many of the Biden votes appeared.
—————————

How? Mail in votes were to be counted last as was decided by the Republican Led General Assembly well ahead of the election. Due to Covid, way more people mailed their ballots than usual. Mail in ballots take longer to count because not only are you opening multiple envelopes, but you are verifying each as they go. These steps were required by the Republicans in charge of PA.

https://lancasteronline.com/news/local/pa-vote-count-q-a-why-did-it-take-elections-workers-so-long-to-count/article_f36c35be-229c-11eb-9ffe-23e9688220de.html

These are the idiots you cling to and admire. They can’t even rig the election in their own favour without shooting themselves in the foot.

Before you turn around to other points regarding poll watchers… here:

https://twitter.com/i/status/1324799673631125511

Republicans are lying about not being in the room. Trumps lawyers had to admit to a Pennsylvania judge while IN COURT that they were making that up, or else perjure themselves.
————————————

** I do not suspect a conspiracy by Biden or any other secret forces to steal the election. But I do suspect an army of Biden supporters who thought they had to do what they could to save the world from “Hitler” making little changes here and there whenever they were not observed. To the extent it occurred, it was largely not organized.
————————————

Well, your “feeling” that people took little steps to “stop Hitler” is just that. A feeling, with no solid proof of systemic issues. Stop with the “I’m not saying, just saying” routine. It’s the same as saying it’s true. If you don’t believe something 100%, don’t go broadcasting around like it “could” be fact. It’s not “asking questions”, it’s just spreading insinuations.

What about how many times Trump has taken to the airwaves to widely call the election a “Fraud”, even before ballots were cast? You know that fascist thing where strong men ask their followers to not trust the outcome of fair elections? That part doesn’t bother you, but “weird maths” does? Also, despite all his effort to destabilize the election, he still lost. Trump is a serial and proven loser. You know what, it doesn’t matter, believe what you want. More than enough people see the truth and it’s time to stop arguing with the deluded people.

#74 Josh Hyman on 11.10.20 at 7:12 pm

Ask people in Venezuela and Argentina if they were dancing in the streets when they knew tough times from starvation and economic misery was upon them.

All I know is socialism in any form does not work. Joe Biden may start off socialism lite but like every government program, bureaucracy grows and grows before it is too late to back track. I hope you let me post this because everyone must be allowed to point of critical points in history.

#75 Bill on 11.10.20 at 7:15 pm

#33 Alberta Boy
Thats funny
Hilary lost it on and blamed her supporters for her loss rather then blaming herself for being a crook. People voted against her.
Check out the “Clinton criminal foundation”
Russia investigation and Ukraine investigations they got zip.
They never quit.
The Dems are losing ground to additional ballot counts now.
Their asking to see the ballot count that’s it so far and that’s legal.
The OLDEST guy will win in the end. He couldn’t run a lemonade stand.

Wake up Garth.
People were screaming, cheering and crying in the streets for a new America when Obama got in. I laughed that very day.
Most Americans are clueless and and broke. I WAS THERE at the time at families… they were teary eyed and I told them the new boss is the same as the old boss. They didn’t like it but in the time they conceded….He lined his pockets BIG time.
Obama accomplished nothing in 8 years and he lost popularity in a big way. He manage to kill Alberta’s pipelines…bonus. The brown guy from Jakarta, not an American and was certainly not working for the middle class. Its a super power in full decay. Go back to the 70s when the huge majority were moving into middle class but now many cities are rotting drugs are rampant.
Heres broke:
https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/?sh=1a22b09f4e0d

#76 RussianBot on 11.10.20 at 7:18 pm

We’re going to “build back better” to create a “new normal”. In line with the UN directive our designated leader will be implementing a more sustainable, equitable and green future.

Don’t be a “covidiot” just don your PPE and head on down. Just remember to be inclusive and “social distance”. Try our contact tracing app to ensure that we know where you are at all times and who you are with. It’s for your health and safety.

Remember loose-fitting porous cloth masks help prevent the spread of fine particle aerosols! You must wear one at all times.

#77 Nonplused on 11.10.20 at 7:20 pm

“Yes, offices will repopulate and people will be expected back at their desks. No, not everyone, since some companies like not having all the overhead. But for most people, no contest. You’re goin’.”

——————————-

Most people will return to work but the war on the office will continue. Ever since the invention of the PC companies have been trying to get rid of secretaries, mail boys, photocopiers, filing cabinets, offices with locked doors, paper drafts and memos, and even staff as software improves. They’d already squeezed almost everybody down to an 8×6 workspace. The squeeze will continue but many jobs aren’t yet suitable for WFH.

Anyway the real threat is that software.

#78 Barb on 11.10.20 at 7:20 pm

And in B.C., Comrade Horgan, resplendent with his new majority, is buying us with some largesse:

““Families with a household income under $125,000 will see the whole $1,000, while those with up to $175,000 will get less on a sliding scale, depending on their income. For single people, the grant is set to be $500 for those who earn less than $62,000, with a sliding scale up to an income threshold of $87,000. The money is not taxable.”

Learned from T2

#79 Simon Chalkland on 11.10.20 at 7:22 pm

Credit where credit is due, “The crusty white dude is now a cult guy.” Garth, you nailed it with this quip nine words to sum up a four year fever dream, no where have I read a better summation. One for the ages.

#80 Strawberrycake on 11.10.20 at 7:22 pm

Did anyone mention that the Pfizer vaccine’s storage conditions on top of requiring 2 doses? -70 Celsius to maintain optimal efficacy. That cold chain will be hard to maintain until they have a non-frozen formulation.

We will see if life recovers as fast as that market optimism.

#81 William R Drury on 11.10.20 at 7:24 pm

It’s not all about money.
Regards
Bob

Wrong blog, Bobby. – Garth

#82 Dave on 11.10.20 at 7:30 pm

Condos in Vancouver sure aren’t for sale. Can’t get anything decent for under 600K for a one bedroom.

#83 das c on 11.10.20 at 7:33 pm

from the experts, not the media, get informed:

https://www.sciencemediacentre.org/expert-reaction-to-pfizer-and-biontech-reporting-interim-results-from-phase-3-covid-19-vaccine-trial/

#84 TurnerNation on 11.10.20 at 7:42 pm

Always worth mentioning.
Look around. What you see is what you’ll get.
No new infrastructure or anything to bring you.
Most tax money will be given away to the Poverty Industry (google that term) as more and more places legalize hard drugs, and our streets flood with addicts.

Welcome to the new global order. First world countries are to become second world ones.

“metro.co.uk
Liverpool is the second city in the UK facing bankruptcy due to the coronavirus crisis. The city’s council is said to be considering imposing emergency spending controls after the government ‘failed to offer anywhere near enough support’ when the pandemic hit. Communities Secretary Robert Jenrick pledged that councils across the UK will be reimbursed for their emergency epidemic spending, but Liverpool councillors say what has so far been offered barely scratches the surface. The council will spend £78 million through increased costs and loss of income because of Covid-19 this financial year, the Liverpool Echo reports. But it has only received £34 million from the Government in two tranches, with the second lower than the first.”

#85 Francesca Dimitrio on 11.10.20 at 7:46 pm

TurnerNation, Ontario cancelled guaranteed annual income, Manitoba many decades ago cancelled it too. It failed and got cancelled.

What you are not mentioning is this UBI, GAI whatever welfare annual benefits they call it which is what they are, don’t use their crap language to further their agenda, UN and other global communist organizations would have to take over to do this.

I said it many times, Canadians are really stupid. Don’t accept such peanuts, $1,000, $2,000 a month etc. Ask for $10 million each. Call it UHLP universal huge lottery payday. This way see how it really works, utopian socialist black hole. It never works, it sucks big time. There is no free lunch.

#86 Nonplused on 11.10.20 at 7:52 pm

#73 SeeB on 11.10.20 at 7:12 pm

“Don’t set it aside. Please explain how it “lights up like a Christmas tree”. Do you have any visual aids to describe this that resemble a lit-up Christmas tree?”

I’d rather not repost the links I posted yesterday. You can find them if you are truly interested.

—————–

“…and the fact that is it hard to imagine how the mail in ballots leaned so far to Biden that they could erase a 7 point lead, the case to have them all thrown out is pretty solid.”
—————————
It wasn’t hard to imagine. We were warned about it, BY TRUMP, for weeks. Trump literally told his followers on dozens of occasions ahead of the election not to use mail-in ballots. If you selectively decided to forget this, then there can be no debate with you.”

The key to my point was the 7 point lead. A 1 point lead maybe I could understand.

——————-

“Mail in votes were to be counted last as was decided by the Republican Led General Assembly well ahead of the election.”

Yes but not if received after Nov. 3rd. I believe postmarked Nov. 3rd counted though.

—————–

“Well, your “feeling” that people took little steps to “stop Hitler” is just that. A feeling, with no solid proof of systemic issues. Stop with the “I’m not saying, just saying” routine. It’s the same as saying it’s true. If you don’t believe something 100%, don’t go broadcasting around like it “could” be fact. It’s not “asking questions”, it’s just spreading insinuations.”

I’m looking at the data analysis. Weird things in the data analysis are not proof but it does suggest scrutiny is required.

Anyway I don’t see why people are so opposed to Trump exercising his right to recounts and legal options. These things are in place as a remedy for fraud. If he loses at least there will be transparency. If he is denied these options Trump voters will not accept the result. And he has to pay for it anyway. (That’s the reason he is having “Stop The Steal” campaign rallies. He needs money to pay for all of this.)

And do you think the democrats are above “spreading insinuations”? They’ve been doing it for 4 years. All criminal investigations begin with a hunch. The “Russian collusion” thing went on for 4 full years, despite zero evidence. But I don’t hear any talk of “Chinese collusion” in this election. At least not yet.

Anyway my overall point is that it is too early to call the election. The same MSM that missed the polling so badly is the same one that now thinks they can “call” the election. But the MSM does not “call” elections.

#87 FriedEggs on 11.10.20 at 7:54 pm

Pfizer 90% success rate? Not bad.

The other 10% turn into a Dark Seeker – with a rod.

#88 KLNR on 11.10.20 at 7:55 pm

@#65 WAKEUP on 11.10.20 at 6:54 pm
I just heard a US constitutional lawyer speak.
Biden’s not going to win.
Too many glitches (code for fraud)
——–

time to wakeup indeed lol.

#89 Damifino on 11.10.20 at 7:56 pm

#145 Gravy Train on 11.10.20 at 2:35 pm

Do you still say that I am the one who’s uninformed and unrealistic?
——————————–

Yes I do.

But first, let me congratulate you on your cheap power rates. Fortunately, there’s a reliable grid behind it fueled by hydrocarbons (and possibly nuclear) ready to do the heavy lifting if and when you can’t meet your own needs or have nothing available to return to the system. Much like what is now done nationwide in Germany.

Your parochial point of view (‘we need more panels’) perfectly illustrates the thinking driving the uninformed in an empty pursuit of an unachievable ‘green’ future.

The extremely dense industrial heat necessary to forge iron into the machinery that powers and feeds the modern world simply can not be replaced by solar panels and windmills. Not a chance. Physics makes that clear.

Every day, mile-long trains of coal travel from northern BC to the Roberts Bank Super Port. There they load ships bound for Asia where it powers industries that yield the fruits humankind takes for granted, yet could not do without.

My hat goes off to the dedicated people working in the energy field who must wear a hair-shirt of shame for the original sin of bringing us the means to turn nature’s wild potential into the prime source of human comfort.

So, as I say, I’m not worried about a ‘green’ wave. It’s not coming. But many will profit politically and financially on the expectation. For a while.

Nuclear is next. Hydrocarbons in the meantime.

#90 Retired hippie on 11.10.20 at 7:56 pm

On the covid front, there is also the bamlanivimab from Lilly that received emergency approval yesterday. This one has a Canadian connection as the antibody was discovered by a Vancouver biotech.

https://investor.lilly.com/news-releases/news-release-details/lillys-neutralizing-antibody-bamlanivimab-ly-cov555-receives-fda

#91 Apocalypse2020 on 11.10.20 at 8:00 pm

Total US, then global, breakdown is coming. Just look at today:

1.

“There will be a smooth transition to a 2nd Trump administration”

(Mike Pompeo, Secretary of State. November 10, 2020. The voice of the US to the world)

2.

At least 4 of the highest level civilian military officials have been punted out of the Pentagon since yesterday.

“Trump administration removes senior defense officials and installs loyalists, triggering alarm at Pentagon”

https://www.cnn.com/2020/11/10/politics/pentagon-policy-official-resigns/index.html

3.

All departments of the US government have been prohibited from assisting with a Biden transition. This includes denial of essential information about US rivals and threats.

https://www.nbcnews.com/politics/national-security/biden-not-getting-intelligence-reports-because-trump-officials-won-t-n1247294

Plus

Coronavirus chaos and lockdowns are accelerating hourly in the US, now at the worst levels since it started.

Pro-Trump fanboys are plotting assassinations against Biden/Harris and others in Trump’s way. They are gun nuts and have little to lose.

Putin, China, Iran and NK are busy doing the algorithms and planning how best to take advantage of all this, at America’s weakest moment. Deployments and testing have ramped up.

Brazil, Israel, Hungary, India and other Trump allies are now plotting their roles in a Trump 2nd term.

The scope of what is about to happen, and its ability to cross global boundaries and social/health/military dimensions, will be breathtaking.

You are running out of time.

PREPARE

#92 leebow on 11.10.20 at 8:02 pm

#49 Dogman01

I agree the wealth gap is going to increase. That could be a good or a bad thing. If you are on the right side of the gap, and a cynic – you’ll love it.

For the Deplorables, just have a Trump redirect their anger against some fake target. Give them QAnon, or Paula White. Whatever is crazier. No problem. Did they deserve anything but contempt?

#93 Nonplused on 11.10.20 at 8:04 pm

“Actually I did mean Trump. Nobody did a jig in 2016. – Garth”

I’m guessing a few people did. But not on TikTok.

#94 DownToFinance on 11.10.20 at 8:06 pm

After the 2008 financial crisis rates barely moved up because “inflation didn’t hit the target”. What would cause higher inflation this time around in the years to come?

#95 Phylis on 11.10.20 at 8:15 pm

-70c eh? CO2 will save us. Don’t lick the vials.

#96 aW on 11.10.20 at 8:18 pm

I believe Biden is president when he’s sworn in, not before.

I watched a long presentation today by some MIT Math guy, Dr. Shiva Ayyadurai. Google tells me he’s a conspiracy theorist, so he’s probably legit.

Anyways, it left me fairly convinced that widespread fraud occurred in this election.

Here’s the youtube link, maybe it will stay up for awhile before the censors find it.

https://youtu.be/Ztu5Y5obWPk

I have my masters in mathematics and it seemed pretty legit and convincing to me!

Cheers

#97 Billy Buoy on 11.10.20 at 8:20 pm

Rumor bought the past 2 days…sell the news tomorrow.

Same as it ever was. Covid will be here for awhile.

Just the lemmings having fun until the QE #47654 or Stimulus arrives.

Yawn.

#98 FriedEggs on 11.10.20 at 8:22 pm

‘Contesting the election on the issue of vote fraud is not a violation of “playing fair” and “accepting results” and “remaining calm.” It is an argument being made. It is also a question of fact.

What is unhinged is demanding a smooth transition from one president to another, since it is the news networks who made the projection of a Biden victory, and it is those same networks who are featuring the need for that smooth transition “in a democracy.”

“We project Biden as the winner. Therefore it is a mathematical certainty. Therefore, do not resist. We are in charge.”

THAT’S the banana republic.’

-Jon Rappoport (30yr journalist Pulitzer P nominee)

#99 Nonplused on 11.10.20 at 8:28 pm

#136 Faron on 11.10.20 at 12:55 pm
#107 Nonplused on 11.10.20 at 12:04 am

#92 Ustabe on 11.09.20 at 9:34 pm

Fun fact: If the folks who voted Libertarian had got off the fence and picked a side Trump would have won in a landslide (assuming Libertarians would rather vote Republican than Democrat).

I don’t think so. The libertarian vote was from those who didn’t want Biden, but couldn’t stand Trump’s character. Libs tend to have very strong convictions and for those with eyes to see Trump’s ethical flaws, he would have been a hard no. Plus, Trump is as mired in swampiness as and Dem if not more so. Further reason for someone with a libertarian mindset to avoid both. Point being that you are undeniably right that those votes would have saved Trump, but I don’t think he stood a chance in hell of getting them. The RNC wisely focused on bringing in as much latin-X and African American vote as they could.

——————————–

I am not disagreeing with your analysis, just saying mathematically……

No Blue Wave!

#100 G Money on 11.10.20 at 8:29 pm

Nov. 3 – Checkmate, Trumpfags hahaha

Time to find a new raison d’être

#101 Drinking on 11.10.20 at 8:30 pm

The mink issue in Denmark we have all heard about in the past few days but has any one heard about the mink issue’s they are having in the U.S.? This is concerning!!

https://www.theglobeandmail.com/world/article-coronavirus-kills-more-than-15000-mink-in-us-since-august-denmark/#comments

#102 S.Bby on 11.10.20 at 8:34 pm

#82 Dave
There are over 120 one bedroom condos for sale in the downtown area that are listed under $600,000, let alone Kits and other areas of Vancouver.

#103 Nonplused on 11.10.20 at 8:36 pm

#145 Gravy Train on 11.10.20 at 2:35 pm
#133 Damifino on 11.10.20 at 12:12 pm
“I don’t worry much about the coming ‘green economy’ because it’s not coming. There’s no need for political push back. After a decade or two, cold hard physics will reveal it to be the expensive unicorn it obviously is to anyone with an informed, realistic world view.[…]” Over the past six months, I’ve had to pay to my power company a total of $68.22 for 5,764 kWh of energy consumption, banking 411 kWh for future sales. Over the same six months in 2018—and before I got solar panels—I paid $985.47 for 5,698 kWh of energy. Do you still say that I am the one who’s uninformed and unrealistic? I certainly pay a lot less for energy than you do! See the comment at #131 WTF on 11.10.20 at 12:09 pm for further reference. :P

—————————–

Those results are repeatable but they don’t take into account what you paid for your panels or how much more it is going to cost to be connected to the grid (delivery charges) when there are all these cogens on standby to power your fridge at night.

Until you actually cut the cord, it’s hard to tell what the actual economics are. You’ll need some batteries. A lot of batteries. Every 7-10 years.

#104 tccontrarian on 11.10.20 at 8:38 pm

“This was, of course, never a realignment of society, just a temporary thing embraced by people who like Zooming in their undies.”
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

The WEFORUM dudes would disagree with you on this.

IMO, SOME of the normalcy will return, but not all – just as with NINE/11 [for a while everyone had to take off shoes at airports, remember? Eventually, after they had made it ‘normal’ (I don’t remember how long exactly as I wasn’t flying often back then)], it was ok to keep them on.

Meanwhile, the next couple months will be a rocky ride with Mr. Market claiming some more of the post Covid scare of March, 2020 gains (up yesterday, down today).

There must be something wrong with me, but I’m just lovin the volatility! Any suggestions?
tcc

#105 Felix on 11.10.20 at 9:09 pm

Despicable, what that dogawful mutt has done to an innocent child.

#106 SimplyPut7 on 11.10.20 at 9:13 pm

It will take a couple of years for people to get vaccinated and that’s assuming people want to get vaccinated.

All of those anti-vaxxers didn’t start trusting pharmaceutical companies just because Biden became the president-elect.

There’s also the problem of the vaccine being less effective if there is a mutation and the Pfizer vaccine needs to be stored at minus 80 celsius which makes it not easy to transport to developing nations that lack the required storing facilities.

Life may slowly get back to normal in 2022.

#107 I'm Alright Jack on 11.10.20 at 9:16 pm

It would help if a lot of the Dem supporters weren’t such superior, condescending aholes (you listening AOC?).

Healing? I don’t think so with the Dems – they want to kick anyone who voted GOP and say “how dare you”. Biden is in over his head and will be controlled by the ranting, loud-mouthed lefties of the party.

I don’t see good things ahead for the US, and really don’t for meek and mild Canaduh.

#108 Stone on 11.10.20 at 9:23 pm

#48 Shirl Clarts on 11.10.20 at 6:04 pm
#13 Stone on 11.10.20 at 4:35 pm
Meanwhile folks with B&D portfolios who remained fully invested and worried about stuff like weatherstripping were just fine.

———

Ooooooh yeah, baby!!!

In regards to worrying about weatherstripping, I leave that for the landlord subsidizing my shelter costs.

^^^^^^
Wrong. Your landlord does not worry about YOUR heating costs.

———

Actually, no. If something is wrong with the house, I text him and he jumps and fixes it. That’s because, I, am so awesome. Really.

#109 Tyberius on 11.10.20 at 9:26 pm

DELETED

#110 Stone on 11.10.20 at 9:27 pm

#91 Apocalypse2020 on 11.10.20 at 8:00 pm
Total US, then global, breakdown is coming. Just look at today:

1.

“There will be a smooth transition to a 2nd Trump administration”

(Mike Pompeo, Secretary of State. November 10, 2020. The voice of the US to the world)

2.

At least 4 of the highest level civilian military officials have been punted out of the Pentagon since yesterday.

“Trump administration removes senior defense officials and installs loyalists, triggering alarm at Pentagon”

https://www.cnn.com/2020/11/10/politics/pentagon-policy-official-resigns/index.html

3.

All departments of the US government have been prohibited from assisting with a Biden transition. This includes denial of essential information about US rivals and threats.

https://www.nbcnews.com/politics/national-security/biden-not-getting-intelligence-reports-because-trump-officials-won-t-n1247294

Plus

Coronavirus chaos and lockdowns are accelerating hourly in the US, now at the worst levels since it started.

Pro-Trump fanboys are plotting assassinations against Biden/Harris and others in Trump’s way. They are gun nuts and have little to lose.

Putin, China, Iran and NK are busy doing the algorithms and planning how best to take advantage of all this, at America’s weakest moment. Deployments and testing have ramped up.

Brazil, Israel, Hungary, India and other Trump allies are now plotting their roles in a Trump 2nd term.

The scope of what is about to happen, and its ability to cross global boundaries and social/health/military dimensions, will be breathtaking.

You are running out of time.

PREPARE

———

Meanwhile, in My Little Pony land…

#111 leebow on 11.10.20 at 9:31 pm

#96 aW

I am a bit of a mathematician myself. The first warning sign is that he claims to have invented email. What he is doing also looks like BS. I fast forwarded to the first chart. And here is a couple things.

1. at 24:12 he is building a chart of two dependent quantities (what he calls RSP vs TIC-RSP)and then he is surprised to find a negative correlation between them.
2. He is using a difference of RSP and TIC, while it seems more sense to use ratio to eliminate the effect of scale.

Since this is a finance blog, it may be worth mentioning that Louis Bachelier did a similar thing with differences instead of ratios back in 1900 in his Theory of Speculation. But Bachelier possibly was on to something, as evidenced by the negative interest rates (a financial math joke)

#112 Ponzius Pilatus on 11.10.20 at 9:34 pm

No wonder Trump was never invited to any PRO-AM Golf Tournament.
He would not even concede a one-inch putt.

#113 yvr_lurker on 11.10.20 at 9:43 pm

#96 AW
———————
You are out in left field. Just read the Wikipedia page on this nutbar

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

If after reading this carefully, you are willing to believe what this fellow has to say, then there is nothing more to say.

#114 truefacts on 11.10.20 at 9:49 pm

justdeleteitifyoudontlikeit – thanks for that.

#115 S.Bby on 11.10.20 at 9:51 pm

Blizzard in Alberta, Canada (Nov 9, 2020)

https://www.youtube.com/watch?v=lq1IbOp2KQA

Canada, a land of this and million dollar houses… our brains must be frozen.

#116 Reality is stark on 11.10.20 at 9:55 pm

When all the giddiness is finally over and you have to face the music, here is your reality:
1) The Feds have no money to give to Ontario or BC
2) Ontario and BC have no money to give to Municipalities
3) The municipality has to get outrageous amounts of tax from homeowners.
You are about to get taxed to death.
Your insane mortgage will be the least of your worries.
Someone has to pay for this profligate spending.
That someone is YOU!
Taxation with representation. The difference here vs. The place to the south of us is that the politicians here believe that no level of tax is too high.
When you can’t get your oil to market, you’ll find out what it is like paying an 80% effective tax rate. You won’t be able to get ahead no matter how well you invest.

#117 TurnerNation on 11.10.20 at 9:58 pm

Good luck tomorrow everyone. For the first time in history the lives, freedoms and businesses of perfectly healthy people are in the hands of a tiny amount of sick or presumptively sick ( ‘cases’ )- people.
Everything is inverted in the New System.

As noted in 2018. Many people had on earbuds anyway:

“#75 TurnerNation on 11.11.18 at 10:14 pm
It could be that this is a dying ritual.
Unexpectedly after 11am I was today in a large chain store A perfectly un-accented voice came over the PA with a reminder and small lines of prose.
We remember but to others it will be history unknown, with little meaning.”

#118 Dogman01 on 11.10.20 at 10:03 pm

#92 leebow on 11.10.20 at 8:02 pm

“Did they deserve anything but contempt?”

I think they do, there is 70+ Million of them who decided that….Trump , with all his flaws was better then the establishment Biden. If not for COVID Trump likely would have won…give that some thought.

Trump is a symptom of the middle class (working class) being financially destroyed.
Inflation will just further that along.

The tensions will increase, a despairing middle class crisis has produced leaders worse than Trump.

Bernie Sanders or Elizabeth Warren would have addressed this but Biden = Establishment hubris which got them Trump in the first place.

#119 april on 11.10.20 at 10:06 pm

#62 – Garth didn’t say that….maybe in time but not now. Hilliard McBeth says Toronto condos are dropping fast. Probably the same for Vancouver.

#120 KAC on 11.10.20 at 10:07 pm

Just a quick rebuttal to all the fake MSM claims that Pfizer is not part of Trump’s “Operation Warpspeed”.

The New York Times reported in July that Pfizer joined the Warp Speed effort. Pfizer itself announced the partnership in a press release in July.

https://investors.pfizer.com/investor-news/press-release-details/2020/Pfizer-and-BioNTech-Announce-an-Agreement-with-U.S.-Government-for-up-to-600-Million-Doses-of-mRNA-based-Vaccine-Candidate-Against-SARS-CoV-2/default.aspx

#121 Doug t on 11.10.20 at 10:21 pm

Garth which ETF product is looking good?

#122 binky barnes on 11.10.20 at 10:48 pm

Mr. Justin Trudeau, the true ‘teflon man’. How does he do it?

BB

#123 PBrasseur on 11.10.20 at 11:11 pm

DELETED

#124 TurnerNation on 11.10.20 at 11:14 pm

UBI again. In order to bring people to their knees and welcome the UBI they must lock down all winter.
Toronto extended theirs.
BC, Man. Lockstep.
Oh look only two more weeks for AB! Sure….
How you guys enjoying the New System and the reset so far? Feeling healthy? Same same in every (former) First World Country. Repeat after me: UBI by Q1 2021 is the plan.

https://www.cbc.ca/news/canada/edmonton/alberta-covid-19-coronavirus-1.5795520
Alberta physicians call for ‘sharp’ two-week lockdown to curb spread of COVID-19

#125 Maskless on 11.10.20 at 11:19 pm

The ideology of the people controlling Biden is anathema to the American way of life, contemptuous of American history, and will eventually be fatal to the Silent Majority, now known as “deplorables” but soon to be the new kulaks.

The only thing Biden could have done that would have benefited the nation is to have refrained from claiming victory until all the legal votes were counted – and all the illegal votes thrown out.

By claiming victory Biden stuck his thumb in the eyes of at least 71 million Americans. For all of this, he deserves nothing less than our implacable enmity should he manage to snatch the presidency.

Enough already. More posts of this nature will be punted. – Garth

#126 DON on 11.10.20 at 11:24 pm

Bloomberg pushed the vaccine news and left out enough detail to pump the markets that were recently stalling. -80 degree for storage?

Keep diligent and discipline folks we have many months to go. Remember they said there would be a vaccine by the end of last summer…early fall.

Nothing like being constantly strung along with hopism. The markets need excitement to fuel further gains in a recessionary job killing environment. Add in the cost of price increases for the basic necessities. No inflation?

#127 Bill on 11.10.20 at 11:38 pm

#118 Dogman01 on 11.10.20 at 10:03 pm
Trump is a symptom of the middle class (working class) being financially destroyed.
Inflation will just further that along.
———————————————
Doggie you nailed it….That’s why I’ve said it started decades ago. Its a long rolling disaster that has implement policies that blows bubble after bubble…Next one the bond market?
As a busyness person that’s in the 1% I’ll take trump over the establishment.
Getting these countries back to balanced budgets, reasonable debt levels ect while that ship sailed and sank.
People don’t get it and they are all caught up in this massive soap opra better known as politics. A few RICH fighting for the leftover scraps and control. We are in a sad place.
I wanted to protect my family so I positioned us in a Safe location, RE with no debt, lots of cash flow indexed to inflation and other liquid things.
Diversification helps insulate one from financial black swan events caused by irresponsible policies…..
Best….as we are going to need it.

#128 morrey on 11.10.20 at 11:38 pm

#65 WAKEUP on 11.10.20 at 6:54 pm
I just heard a US constitutional lawyer speak.

did you now. Can you remember his name? or are drugs hindering your memory and hearing?

jeez!

#129 Diamond Dog on 11.10.20 at 11:39 pm

#101 Drinking on 11.10.20 at 8:30 pm

It’s not just Mink, its weasels, polecats, ferrets, stoats, badgers, martens, wolverines… they would be on the list of potential risk, specifically anything raised within human interaction. I remember stories like this one below where tigers and lions caught Covid at a Bronx zoo:

https://www.wsbtv.com/news/trending/tigers-lions-catch-covid-19-new-york-zoo-what-that-means-your-pets-risk/MHTKUSCKGJAOJDREN4STKVURVY/

At some point, the Russian roulette of Covid19 will jump from human to animal and back to human full of DNA from both and when it does, we’ll be looking at the emergence of a new strain with antigens that immune systems from those previously infected or vaccinated with older strains won’t recognize. Covid19 is demonstrating the process known (to science nerds anyway) as Antigenic shift:

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

Well, its already happened in Denmark. Maybe they can contain this new strain, maybe they can’t but the chances are high that it will happen in a less developed nation as case numbers of infected increase and a new strain proliferates creating a pandemic and a need for a new vaccine all over again… and again… and again. It remains to be seen, but money managers shouldn’t be surprised if this comes to pass, at least the one’s that run blogs like this one.

I have to ponder, Garth likes to use the Mr. market analogy of what the investment community thinks with a snap shot in time on any context where money is involved and its a good analogy but we shouldn’t fool ourselves into thinking Mr. market has a mind or a pulse. It’s nothing more than an aggregate of what investors are aware of or feel (VIX) at any given point in time.

Information or lack there of is critical for any investor in determining how investors place their bets, this goes without saying. Smart investors use the best information they can access to guide their choices to predict where investments will be heading, this also goes without saying. It’s about the aggregate of information readily available to the market place and the media saturation behind the message and that’s all well and good but message itself and its conclusions can be hopelessly flawed at times, especially driven from media like BNN and CNBC.

It’s not just about predicting where the direction of where herd will go with the messaging or reality based on what the investor sees or hears with or without prejudice, its about what reality itself is saying. At times, the gaps between the two can widen substantially as is the case with bubbles and crashes (not just their severity but the systemic flaws, events and blind eyes leading up to them). The same can be said with economic systems that don’t price in pollution and environmental degradation, that gap widens and risk of the entire system crashing elevates accordingly.

What I’m saying is, when investors ignore what science is saying, the same thing happens, markets get divorced from reality and I believe we are seeing some of that now. The day vaccine news broke with preliminary news from Pfizer, news from CNBC called it the biggest medical breakthrough in 100 years. Bigger than the advent of vaccines themselves, bigger than a small pox vaccine, bigger than penicillin?

C’mon, it’s hype. I mean, its not all hype, its a great discovery, needed obviously but it distracts us from the other challenges we still have to face globally against this virus. There is so much that can happen in between discovery and a mine or well or factory or vaccine, do readers follow?

#130 INTERESTING FACTS on 11.10.20 at 11:41 pm

Since of this minute of this writing according to my search function (CTRL + F) at 11:39PM these 2 are tagged this many times:

Biden = 52

Trump = 87

That’s a FACT!!

#131 Bill on 11.11.20 at 12:03 am

The joke we call Government are killing the middle classes and worse their children’s children.
TPF says:
“Governments are spending more money than ever before and we need your help to stop them from wasting your tax dollars on corporate welfare for Bombardier and other multinational aerospace corporations.
The aerospace industry is asking for its own multi-billion-dollar special bailout. And while they haven’t put a final price tag on it yet, it’s bound to be expensive.
In their asks, they’ve referenced the $26-billion and $50-billion bailout packages the French and American governments have respectively given to their own aerospace industries.
Now, let’s be clear, it’s far from the first time multinational aerospace manufacturers have taken taxpayers for a ride.
Bombardier got $373 million in federal taxpayers cash a few years ago and then doled out $33 million dollars in bonuses to its executives.
And Bombardier is far from alone in doing this. Over the last decade, the so-called Strategic Aerospace and Defense Initiative took about two billion dollars from Canadian taxpayers and sent it straight into the coffers of large multinational aerospace corporations.
Taxpayers can’t afford to keep bailing out aircraft manufacturers every couple of years.
Canada is already running the largest deficit of all G20 member countries, at nearly 20 per cent of GDP.
That’s already going to be expensive enough to pay back in future years without adding billions more because aerospace has its hand out.
Help us fight back so taxpayers aren’t stuck with a larger bill than they already are.
Please sign our petition telling the federal government not to bail out aircraft manufacturers such as Bombardier: https://www.taxpayer.com/petitions/no-special-bailout-for-bombardier.

#132 Skybolt on 11.11.20 at 12:04 am

https://www.foxnews.com/media/media-outlets-falsely-claim-london-fireworks-paris-church-bells-were-celebrating-biden-victory

#133 Where's My Money Going Greedeau? on 11.11.20 at 12:39 am

So more implications of both provincial and federal gov’t agencies allowing BC money laundering:
https://www.cbc.ca/news/canada/british-columbia/bc-cullen-commission-money-laundering-tuesday-1.5797794

One reply in the comments section: “Charles Chan
51 minutes ago
So what? Everybody goes “blah, blah, blah” , points the finger elsewhere and nothing is going to happen. That’s why the Inquiry was set up in the first place – to provide a plausible whitewash.”

We’re so 3rd world gov’t/insider grafters.

Clean the swamp!!!!

#134 Trevor on 11.11.20 at 12:48 am

Hi SeeB (#36)

God bless you. That was surgical and magnificent. If it wasn’t doing such harm to the country, I’d encourage this idiocy to go on, because bankrupting folks who are stupid enough to believe this crap is pure Darwin award nomination material.

The shamelessness of the right and the ineptitude of the left in the US is breathtaking.

#135 Jane24 on 11.11.20 at 12:55 am

As always I 80% agree but Garth what is it with you and your refusal to accept that a much larger degree of WFH will occur in the future. This trend was happening anyway the virus just sped it up and you didn’t notice. I am retired but my kids and their office based friends have all been told that their head offices are permanently downsizing and WFH will be the way forward. My daughter is a UK based director of a major global tech brand and even she has been told that it will only be London twice a week at most and much less global flying.

Plus you always had a few strange commentators and I have been a fan since the 1980s but we have a lot more conspiracy non-RE nutters on this site now. Just saying.

#136 James on 11.11.20 at 12:57 am

“Oh yeah, that house you just bought in Barrie or Kamloops, Fort Erie, Hamilton, Hope or Squamish? Good luck commuting. Better luck finding a buyer next year.”

Would love to take a bet on this. There will be no rush for people who bought in these cities to sell as most of them are not going back to the office next year – likely not ever.

#137 Ponzius Pilatus on 11.11.20 at 1:10 am

#126 DON on 11.10.20 at 11:24 pm

Keep diligent and discipline folks we have many months to go. Remember they said there would be a vaccine by the end of last summer…early fall.
———–
Trump said that.
He, the eternal optimist, who is now chained to the resolute desk in the oval office, where he welcomed kings, queens, prime ministers, despots and tinpot dictators.

#138 Barb on 11.11.20 at 1:22 am

I’m disgusted ads for Christmas shopping are already on T.V. the last few days.

Retailers: …NOT BEFORE Remembrance Day, please!
Let’s remember our veterans first.

After Nov. 11, go all ga ga and advertise your brains out.

#139 slick on 11.11.20 at 2:22 am

What a strange. Coincidence that one of the largest pharm. companies in the world announces a ‘cure’ 6 days after the election.
And Biden will take the credit.

#140 Carlyle on 11.11.20 at 3:00 am

The media calling the election — legally means jack shit in a contested situation. Individual states have to certify the vote. https://crsreports.congress.gov/product/pdf/IF/IF11641

The states are required by the Constitution to cast their electoral votes by Dec 14th. If there are contested states and neither candidate has 270 CERTIFIED electoral votes, the Constitution via the 12th Amendment, calls for a vote of the House legislature, one vote per state delegation, on January 5th when they reconvene. If all the Republican states vote for Trump, he wins. If 4 or more defect, Biden wins. There are 26 Republican State Legislatures and 22 Democrat State Legislatures

Trump knows too he talked about it at a rally. Very few knew what he was talking about lol, we sure do now! He KNOWS https://youtu.be/LCW45stUbe8?t=2875

Smarter people on the Left know too and are terrified of the Constitution overriding their fraud – this article from a stark raving leftie points out the same scenario: http://www.borntorunthenumbers.com/2020/08/btrtn-how-election-gets-stolen-and-how.html?m=1 <—- note this article was pre ACB too — so it’s even more of a lock

Another famous Leftist Van Jones crying eloquently about what the Constitution says: https://youtu.be/WZWRhLW7Y8w Note close to 4 million views with a comment a minute still being discussed and views exponentially growing.

I’m posting this just to say, anyone paying closer attention to what’s going on should realize Trump hasn’t forfeited and is trying to tie up the CERTIFIED results until after December 14.

With his lawsuits it’s entirely possible he flips a state or two and neither candidate has majority by Dec 14.

#141 NoName on 11.11.20 at 3:51 am

#126 DON on 11.10.20 at 11:24 pm
Bloomberg pushed the vaccine news and left out enough detail to pump the markets that were recently stalling. -80 degree for storage?

Remember they said there would be a vaccine by the end of last summer…early fall

We ship liquified nat gas acros world at tempratures 2x colder than vaccine so that stays liquid. Whole boat is thermos bottle.

Way back in mid September i was listening podcast about some vaccine that require cold storage and how smarter people than i are looking in to it, fridges transport, security and this and that. Now that revisited an article they were talking about this exact vaccine. Iam sure that are logistics companies that are specialized in cold shipping.

Transport rules and best practices are already written,any medication are shipped that way, now it just scaling it up part left to do.

Ultra low temperature fridge and generator are somewhat shelf item, and they will do just fine for transport and storage.

#142 ts on 11.11.20 at 6:12 am

#24 Coho on 11.10.20 at 5:01 pm

“This is the time of exposure. The Divine sees through all. May the morally and spiritually devoid enjoy their toys and trinkets while they can.”

Right on!

#143 Sky on 11.11.20 at 7:26 am

Russia : Interim phase 3 clinical trial results for the Sputnik V vaccine:

“The Sputnik V vaccine efficacy amounted to 92%…”

“Currently 40,000 volunteers are taking part in double-blind, randomized, placebo-controlled Phase III of Sputnik V clinical trials”

“Currently Sputnik V Phase III clinical trials are approved and are undergoing in Belarus, UAE, Venezuela and other countries, as well as Phase II-III – in India.”

“The Sputnik V vaccine is based on a well-studied human adenoviral vector platform that had proven safe and effective with no long-term side effects in more than 250 clinical trials globally conducted during the past two decades ”

https://sputnikvaccine.com/newsroom/pressreleases/the-first-interim-data-analysis-of-the-sputnik-v-vaccine-against-covid-19-phase-iii-clinical-trials-/

#144 Gravy Train on 11.11.20 at 8:43 am

#103 Nonplused on 11.10.20 at 8:36 pm
“Those results are repeatable but they don’t take into account what you paid for your panels […]” My net cost was $14,925 after deducting a dollar-per-watt rebate of $8,000.

“[…] or how much more it is going to cost to be connected to the grid (delivery charges) when there are all these cogens on standby to power your fridge at night.” Zero cost. Zero dollars.

“Until you actually cut the cord, […]” I have a contract with my power company till the year 2040. No cord will be cut for at least twenty years, and then I have to renegotiate the terms—assuming I’m still alive!

“[…] it’s hard to tell what the actual economics are.” The economics are very easy to do. From Feb. 19, 2018 to Feb. 20, 2019 (before I had solar panels) I paid $3,164 for 18,964 kWh of energy. From June 20, 2019 to June 18, 2020 (after I had solar panels) I paid $1,842 for 19,713 kWh of energy. Thus my annual cost savings are $0.0734 per kWh (or $1,446). My nominal after-tax rate of return is 9.6%, and my payback is 10.3 years. My solar panels are guaranteed for 25 years, but will likely last for at least 50—long after I’m gone.

#145 cto on 11.11.20 at 8:45 am

those unloved Condos???,…Toronto?
Where are they Garth???
this morning i set Realtor.ca metro price ceiling in at $350000.
I got 19 properties, …all or which where likely worth
250000 ten years ago, maybe less.
Please explain you words:
“Those unloved, unwanted, take-me-at-any-price urban downtown condos which have been falling by ten grand a week won’t be on sale forever.”

What???

$350,000? Seriously? To live in a metropolis of six million? – Garth

#146 X on 11.11.20 at 8:47 am

Covid wave 2 is keeping real estate buyers at home, houses are sitting for longer, a .25pt increase to rates is a start to bring prices a little closer to reality.

#147 Calvin Finnick on 11.11.20 at 8:58 am

DELETED

#148 Whole Food Boss on 11.11.20 at 9:08 am

KEEP OUT OF OUR STORES WITH YOUR DAMNED POPPIES!

Instead, please just bring your Whole Paycheck and go down Aisle 7.

We have a November 11 Remembrance Day special!

1 chicken breast slice and 1 jar of peanut butter.

Only $56 each!

(*While supplies last)

#149 Sky on 11.11.20 at 9:13 am

The Pfizer -80 vaccine is a gene editing mRNA vaccine. Dr. Scott Gottlieb sits on the board of Pfizer. He’s also a regular on CNBC and has been a Covid fearmonger from the beginning.

This AM I watched the 3 buffoons on Squawk laugh their heads off and mock the promising vaccine news out of Russia until Kernan finally walked it back by admitting to the brilliance of Russian scientists. No doubt he got a sharp buzz in his ear buds from one of the program’s producers for the poor optics.

I don’t give a damn about the politician’s tax returns. Let’s have a look at their stock portfolios. This should be publicly posted information. Exactly which stocks they hold, when they bought and sold them. A REQUIREMENT for all high ranking govt officials and those in charge of public health. You too Bill Gates and Fauci. Cui bono?

Our economy has been shutdown, we’re all in various stages of lockdowns and yet we have NO idea whether the people issuing these orders are profiting from them.

Meanwhile China’s domestic air travel is back to pre-Covid levels. What do they know that we don’t know?

#150 Dharma Bum on 11.11.20 at 9:22 am

#25 Oakville Rocks

Besides, have you ever seen white supremacists or Proud Boys dance? Embarrassing. They have no rhythm……
——————————————————————–

Yes.

https://www.youtube.com/watch?v=V9Vc3S0X5tA

#151 willworkforpickles on 11.11.20 at 9:31 am

#129 Diamond Dog
As you say that which can happen between the hype of discovery and eventual outcomes will swing investor decision.
And with markets…sometimes wildly even and excessively in all directions over time .
There is much to do with manipulation and a vast varying degree of knowledge and understanding among investors.
Keeping up to date with as much market news and sentiment every day helps a little in preparing for the unpredictable market swings but so much more in hindsight/realization and basic understanding afterward.
Take level 2 with its limited less than perfect but better than zero information to work with indicator from a day to day, hour to hour, moment to moment perspective. …A short term only day indication device at best short sellers take full advantage of.
Short selling is one case in point. A nemesis to longs but a necessary evil amongst swing traders with its game of deception in tow targeting the fundamentally sound but using any weak point that may exist to scare weak ill informed investors off in the interim between quarterly earnings releases.
This widespread market device alone has ruined many amateur investors and driven numerous companies into the ground before they could prove their potential real worth.
It is indeed a long haul between the hype of discovery and approval and production with lots of broken track and bridges out along the way.

#152 Phylis on 11.11.20 at 9:42 am

#144 Gravy Train on 11.11.20 at 8:43 am Can you please add a comparison of opportunity cost to say, xut? That would be very interesting.

#153 justdeleteitifyoudontlikeit on 11.11.20 at 9:45 am

Anybody know if any of Trump’s lawyers will be arguing in court that mail in votes (including those of military personnel posted outside their home state or abroad) shouldn’t be counted, when the clock strikes 11 on this 11th day of this 11th month?

#154 Sky on 11.11.20 at 9:48 am

CEO of Pfizer just dumped 62% of his stock. Here we go again. It’s deja moo — same old BS.

The other mRNA vaccine was Moderna’s and their insiders dumped their stock as well after running it up.

So tired of this corruption!

#155 Cto on 11.11.20 at 9:56 am

“$350,000? Seriously? To live in a metropolis of six million? – Garth”
That statement says that ten years ago when they were going for 250, they were basically on sale!!! Right?

#156 Dharma Bum on 11.11.20 at 9:58 am

It’s amazing how so many people concern themselves with who the president of the U.S. is. As if it matters at all. No matter who’s in office, the country is a divided mess.
John F. Kennedy – Dem (racism, riots and assassination)
Lyndon B. Johnson – Dem (racism, war)
Richard M. Nixon – Rep (war, corruption)
Gerald R. Ford – Rep (cleanup, financial mess, corruption)
James Carter – Dem (foreign policy disaster, recession)
Ronald Reagan – Rep (trickle down economics, star wars)
George H. W. Bush – Rep (corruption, war, racism, riots)
William J. Clinton – Dem (scandal, corruption)
George W. Bush – Rep (war, terrorism, GFC)
Barack Obama – Dem (drone killings, racism, quagmire)
Donald J. Trump – Rep (unrest, riots, racism, corruption)

It’s always the same thing. It’s irrelevant who the figure head is. The U.S, is a politically, morally, intellectually, financially, and culturally divided nation. No one individual can bring the people or the states together in any sort of meaningful unification. It’s a pipe dream.

#157 Yuus bin Haad on 11.11.20 at 10:13 am

The U.S. Congress has now realized they might have made a mistake by handing control of the election process off to the media and are trying to take it back. “I don’t think so”, one newspaper executive was heard to mutter.

#158 mike from mtl on 11.11.20 at 10:28 am

#149 Sky on 11.11.20 at 9:13 am

Our economy has been shutdown, we’re all in various stages of lockdowns and yet we have NO idea whether the people issuing these orders are profiting from them.

Meanwhile China’s domestic air travel is back to pre-Covid levels. What do they know that we don’t know?
////////////////////////////////////////////////////////////

CCP official stance is that the virus has been defeated and foreigners / imports (e.x. Salmon haha right) are responsible for outbreaks. Now whether they’re just lying, false testing, who knows? Being typical authoritarian commies, they don’t give one fig if millions of their people die so long as in general they remain in power. If you’ve been paying attention this virus is not even close to the airborne death our “western” media makes it out to be, so no big deal and a win for them.

Did China initially portray this whole thing as airborne blackdeath, that’s a question that will never be answered. Certainly there’s a lot of weirdness around this whole thing, and CCP actions and coverup give credence that there’s more to this than a simple accident.

#159 Gravy Train on 11.11.20 at 10:40 am

#89 Damifino on 11.10.20 at 7:56 pm
“[…] Let me congratulate you on your cheap power rates.[…]” Thanks. Tell your friends. :P

“Your parochial point of view (‘we need more panels’) perfectly illustrates the thinking driving the uninformed in an empty pursuit of an unachievable ‘green’ future.[…]” You keep paying your carbon taxes, and thanks for subsidizing my solar panels. Carry on, soldier. :P

#160 Drinking on 11.11.20 at 10:43 am

#129 Diamond Dog

You have some very valid points.
What is most concerning to me is for the fact that it is jumping from species to species and will continually mutate.
Amongst minks, also like you posted a tiger, monkeys, also cats and dogs, if this hits our food chain then it does not matter what one invests in we are hooped.

It is a day to Remember the brave souls that helped make this world a safer place to live; thank you!

#161 looking up on 11.11.20 at 11:13 am

#145 cto on 11.11.20 at 8:45 am
those unloved Condos???,…Toronto?
Where are they Garth???
this morning i set Realtor.ca metro price ceiling in at $350000.
I got 19 properties, …all or which where likely worth
250000 ten years ago, maybe less.
Please explain you words:
“Those unloved, unwanted, take-me-at-any-price urban downtown condos which have been falling by ten grand a week won’t be on sale forever.”

What???

$350,000? Seriously? To live in a metropolis of six million? – Garth

————-

The 600 sq ft. shoe box condos have fallen a little bit in price but nothing else really.

I think condo owners are still in wait and see mode and are holding off selling for now.

Single detached is still going nuts.

As an investor still a terrible time to buy anything I believe.

#162 TurnerNation on 11.11.20 at 11:18 am

Here comes the predictive programming. There is no more news, only lockstep showdowns of every (former) First World country.
Our global elites are unleashing h-ll on earth. The plan.
“The truth is no longer hidden, people are hiding from the truth”

Temporary…28 days only (which Toronto just doubled), Two more weeks?
……….
680 NEWS Toronto
@680NEWS
67 per cent of Canadians say they would back a temporary nighttime curfew — 10 p.m. to 5 a.m.

#163 DON on 11.11.20 at 11:35 am

#141 NoName on 11.11.20 at 3:51 am
#126 DON on 11.10.20 at 11:24 pm
Bloomberg pushed the vaccine news and left out enough detail to pump the markets that were recently stalling. -80 degree for storage?

Remember they said there would be a vaccine by the end of last summer…early fall

We ship liquified nat gas acros world at tempratures 2x colder than vaccine so that stays liquid. Whole boat is thermos bottle.

**********

It is possible, just not right away. Setting false expectations 6-8 months. They are still trying to figure out the virus from months ago. When critical thinking is applied things do not seem to add up.

Sky is right, who is benefiting from pushing this early vaccine news?

The media has become ethically bankrupt and morally detached from fact. Nothing more than actors reading the prompter.

#164 VicPaul on 11.11.20 at 11:39 am

As I understand it, they count the Electoral College votes on January 6th, tally them and decide the winner. That leaves the better part of two months to sort out any shenanigans – and present day data forensics are fairly reliable.
I’ll wait for the count – anything else is cheer-leading.

M56BC

#165 jess on 11.11.20 at 11:40 am

Is it not in the public interest for false accusations to publicly apologize ?

Forensic analysis exonerates WE Charity and the Canadian government

#166 baloney Sandwitch on 11.11.20 at 11:53 am

Great post Garth. You were right all the time through the coronavirus crisis. That is the reason your blog is a must read for me. Oftentimes you are a crusty ole a-hole but you are a font of rare common sense, truth, which people don’t like to hear. Regarding, Pfizer, as a pfizer retiree I am proud of my former company, though the stock has only gained modestly. Also to all trump loving, immigrant bashers on the comment section. The developers of this vaccine which pfizer picked up were immigrants from Turkey to Germany. Of course, they will become multi-billionaires, but I think it is well deserved.

#167 KLNR on 11.11.20 at 11:56 am

@#140 Carlyle on 11.11.20 at 3:00 am

With his lawsuits it’s entirely possible he flips a state or two and neither candidate has majority by Dec 14.

highly unlikely but who knows.

#168 VicPaul on 11.11.20 at 11:58 am

#137 Ponzius Pilatus on 11.11.20 at 1:10 am
#126 DON on 11.10.20 at 11:24 pm

Keep diligent and discipline folks we have many months to go. Remember they said there would be a vaccine by the end of last summer…early fall.
———–
Trump said that.
He, the eternal optimist, who is now chained to the resolute desk in the oval office, where he welcomed kings, queens, prime ministers, despots and tinpot dictators.

*********
Actually, Trump optimistically said they were working so well on the vaccine that a breakthrough may come by the end of the year, possibly by the election – and was (as usual) soundly ridiculed by lefty media.

Well, here we are….but you just wrap yourself in your blanket of misinformation, ponz.

M56BC

#169 Ace Goodheart on 11.11.20 at 12:14 pm

Interesting Trump comments.

Trump is now a caged animal.

He faces many civil law suits, and also probable indictment and arrest, as of January 20th, 2021.

He will now behave as all caged animals do when facing an existential threat. The response is “fight or flight”

He is trying “fight”

If unsuccessful you can expect to see the USA’s wackiest president ever, on a private jet out of country, more than likely heading to a place where he can claim political asylum and cozy up with one of his many strong man dictator friends.

#170 Russ on 11.11.20 at 12:15 pm

#156 Dharma Bum

Ronald Reagan – Rep (trickle down economics, star wars)
George H. W. Bush – Rep (corruption, war, racism, riots)
William J. Clinton – Dem (scandal, corruption)
George W. Bush – Rep (war, terrorism, GFC)
Barack Obama – Dem (drone killings, racism, quagmire)
Donald J. Trump – Rep (unrest, riots, racism, corruption)

It’s always the same thing. It’s irrelevant who the figure head is. The U.S, is a politically, morally, intellectually, financially, and culturally divided nation. No one individual can bring the people or the states together in any sort of meaningful unification. It’s a pipe dream.

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

Excuse me Mr. Bum.

You forgot to the war credit for Obama too.
https://en.wikipedia.org/wiki/Obama%27s_Wars

If I recall correctly the Nobel Committee had to rush the Peace Prize to him in the first year of Presidency as he was preparing to significantly escalate Afghanistan war effort.

Cheers, R

#171 willworkforpickles on 11.11.20 at 12:40 pm

#142 ts #24 Coho

No one much has any real idea about the why’s and where to from here’s in an upside down world until they get a clear understanding of the big picture first. They profess to be wise but have become fools.

#172 Hookshott on 11.11.20 at 12:41 pm

#139 slick on 11.11.20 at 2:22 am
What a strange. Coincidence that one of the largest pharm. companies in the world announces a ‘cure’ 6 days after the election.
And Biden will take the credit.
……
Similar situation ahead of the BC election. The Cullen Commission into money laundering shut down after the election was called as it was likely there would be some very negative information regarding the former “Liberal” government (which there has been since it got up and running again). They didn’t feel it should have an impact on the election.
Same thing in the US…it MAY have influenced the election, so they likely held back. the info. Biden will not take credit (as Trump would have)…the important thing is, there is a potential vaccine!!

#173 WTF on 11.11.20 at 12:53 pm

#40 “Biden will pull this out, but the fraud is huge and undeniable.”

Link Proof?

Ill save you some time, you don’t have either, only your “opinion” which shows a complete lack of knowledge of how the system and oversight that are currently in place and were during President Blowhard’s election in 2016 which was apparently ok then?

People who espouse crackpot theories without a scintilla of verifiable proof are to be given the credibility they deserve.

Lock Him Up!

I will Remember our Fallen Military Heroes on this day and their efforts to root out despots.

#174 Stone on 11.11.20 at 1:02 pm

#121 Doug t on 11.10.20 at 10:21 pm
Garth which ETF product is looking good?

———

The one you buy, hold and rebalance.

#175 justdeleteitifyoudontlikeit on 11.11.20 at 1:10 pm

“Your parochial point of view (‘we need more panels’) perfectly illustrates the thinking driving the uninformed in an empty pursuit of an unachievable ‘green’ future.”

The great thing about solar and wind (as opposed to, e.g. nuclear) is that it doesn’t require a lot of political support and public acquiescence. Capitalist pigs are furiously erecting wind and solar farms for profit without subsidies in places like Texas and Oklahoma, and they give zero figs about your explanations of unachievability.

#176 Penny Henny on 11.11.20 at 1:12 pm

#135 Jane24 on 11.11.20 at 12:55 am
As always I 80% agree but Garth what is it with you and your refusal to accept that a much larger degree of WFH will occur in the future.
//////////////

He just extended his office lease back in February.
10 more years.
Denial

#177 Sara on 11.11.20 at 1:20 pm

WTF #173

Yup. So tired of the crazy cult followers.

#178 Squire on 11.11.20 at 1:35 pm

Remember the fallen on this day November 11, 2020. The men and women that fought for our countries and beliefs. They were more honest than human kind now. They had courage, honor, integrity and were honest hard working people.
People seek out conspiracy theories because honesty is lacking. The truth seems more and more difficult to find especially with the media and their ‘opinions’ not actual news.
Here’s an interesting one: https://www.youtube.com/watch?v=R5ki6S-WsKU
Just saying… we are in very interesting times.

Remember the fallen. They didn’t sell us out.

#179 Gravy Train on 11.11.20 at 1:38 pm

#133 Damifino on 11.10.20 at 12:12 pm
“After a decade or two, cold hard physics will reveal [the green economy] to be the expensive unicorn it obviously is to anyone with an informed, realistic world view.” Since you did bring up physics, you do know that solar panels, which convert light to electricity, exploit the photoelectric effect. Einstein won his Nobel Prize in physics for discovering the photoelectric effect, so I suppose you have him to blame for all these damn solar panels! :P

#180 Reynolds753 on 11.11.20 at 1:45 pm

#36 SeeB on 11.10.20 at 5:36 pm

Thank you for this concise, factual and informative rebutal. I want to copy this and send it to all the election deniers. Well done, man.

#181 Reynolds753 on 11.11.20 at 1:56 pm

#73 SeeB on 11.10.20 at 7:12 pm

Another well said post and rebutall. Please keep up the good work.

#182 Long-Time Lurker on 11.11.20 at 2:04 pm

Lest we forget.

#183 The Totally Unbiased, Highly Intelligent, Rational Observer on 11.11.20 at 2:46 pm

“You thought it was different this time because you’re special? Ha. So did Donald.” — Garth

Well, actually, The Donald really is special. Wait and see.

#184 jess on 11.11.20 at 3:24 pm

wow! no orders for wearing a simple mask but orders infected health care workers to continue!

(CNN)In North Dakota, staffing shortages are so critical that Gov. Doug Burgum issued an order this week allowing health care workers with active Covid-19 infections to continue working in the Covid unit of hospitals, as long as they are asymptomatic and take extra precautions.
Hospitals in the state, which has no requirement to wear a mask, are at 100% capacity, Burgum said.

#185 majik on 11.11.20 at 3:43 pm

Under cover of 10b5-1 Pfizer CEO sells 62% of his stock. He would have flagged this predetermined sale with SEC last quarter. However he was in ultimate control of the timing of the vaccine press release. What cronies.

#186 Dr talc on 11.11.20 at 3:47 pm

Big city Mayor meets man in the street

https://mobile.twitter.com/stillgray/status/1324773391853740032?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1324773391853740032%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fwww.citizenfreepress.com%2Fbreaking%2Fbrutal-takedown-of-deblasio-to-his-face%2F

#187 Diamond Dog on 11.11.20 at 3:52 pm

#149 Sky on 11.11.20 at 9:13 am

The CEO of Pfizer dumped 60% of his stock the day they announced preliminary results of the vaccine. There’s a message in that.

https://www.msn.com/en-ca/health/medical/pfizers-ceo-cashed-out-60percent-of-his-stock-on-the-same-day-the-company-unveiled-the-results-of-its-covid-19-vaccine-trial/ar-BB1aU6iq?li=AAggFp5&ocid=ACERDHP17

#188 Diamond Dog on 11.11.20 at 4:28 pm

#160 Drinking on 11.11.20 at 10:43 am

What is most concerning to me is for the fact that it is jumping from species to species and will continually mutate. – Drinking

It’s been a concern of mine since the spring when I became fully aware of the risks. I’ve laid out the science here before at the behest of being told in a general sense that its not a virus blog but darn it, science matters when it comes to a pandemic upending the global economy. To understand the full economic impacts, the science needs to be understood. I get that investors and advisors need to find positives in the market place but to ignore what the science is saying is to put forth false hope and false hope leads to losses or worse, systemic crashes if everyone is living in the same bubble.

When I read for example, financial advisors or money managers declare on this site that Covid19’s days are numbered, I feel like I’ve failed to communicate the risks somehow (not for a lack of trying). I get that we are busy, the wealth of information is often overwhelming and misleading and we are all in our own little bubbles right? There are no exceptions to this and for the most part we only know what we are being told (myself included).

That being said, what I’m saying, what the science is saying, what observations in places like Denmark with a new strain is saying, is that this virus is anything but done. To suggest otherwise either wittingly or unwittingly is to peddle false hope.

Quite right, definitely a day to remember, cheers.

#189 Drinking on 11.11.20 at 6:45 pm

#188 Diamond Dog
You’re right, without science there is no investing and without investing there is no science. It is up to us as individuals to make that choice?? Stay safe!!

To the fallen!

In Flanders Fields
BY JOHN MCCRAE

In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie,
In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.

Good story, thinking appropriate for today, maybe just me!

https://calgary.ctvnews.ca/alberta-mom-overwhelmed-by-response-to-post-asking-to-bring-joy-to-autistic-son-through-mail-1.5184951

#190 neo on 11.12.20 at 7:53 am

Garth,

Globally right now there are 14,510,791 active cases.

99% of them are asymptomatic or mild with full recovery.

1% require medical intervention or ICU treatment that may have a death outcome.

I get the hysteria aspect of all this but you mentioned “reasonable”. What’s reasonable about taking a rushed vaccine that has never been used ever, namely mRNA. Big Pharma are getting exceptions from litigation from world governments for something that has never produced in real world use more than 50-60% success rate. Fauci and Tam have said this. When 99% of people already recover….

Not only that, it will never be a sterile vaccine that you only have to take one of like the measles or chickenpox.

The seniors are most risk there hasn’t been a potential vaccine yet that has any efficacy for that group.

Your just get in line and ask questions later attitude is the one that isn’t reasonable here.