Normal

Here’s why the next six months (thank dog) will not be like the last.

First, we got vaccines. Pfizer and Moderna. There will be more. Millions and billions of doses will be manufactured over the next two years and jabbed into a majority of the humans alive. This will allow the airplanes to fly, the Maple Leafs to lose before a live crowd, business travel and conventions to resume, restaurants to fill and, sadly, Drake to perform again. Economic growth will resume. Demand for commodities will surge. Canadian equities may even outperform.

Second, no Trump. The ascent of the Biden administration in January will ease global trade tensions, bring predictability to the most important economy and, yeah, this will also be good for Canada.

Third, if you think stocks have been impressive in 2020 (in spades) then you’ll love the next two years. We’re in for robust growth in the GDP, in jobs and corporate profitability as the pandemic fades from view. This will also bring inflation, especially given the insane amount of government and CB spending.

Fourth, remember that pledge by the Bank of Canada not to raise rates until 2023? Fuggedaboutit. The vax and Biden just changed everything. Bond yields have already been rising as investors shift from the warm womb of debt into the buzz of growth assets. Home loan costs this week may be at the lowest point ever, with five-year money set to rise in the coming month or two. Someday your little children will stare at you, all innocent and glassy-eyed and say, “Tell us again, pappy, about when five-year, fixed-term conventional residential mortgages were in the 1.5% range.” You will tear up a little.

Fifth, FOMO is fading. Look at this chart of home sales over the last few months. We went from normal to terrified to horny and back in record time.

In other words, all that pent-up virus demand from the spring was unleashed in an unsustainable gush during the summer and has now clearly played out. The folks who want to buy have bought. The cheapo mortgage money effect has dissipated. All those misguided people who fled the city for towns where moose, cougars and beaver roam are gone.

In the wake of this real estate mania we are left with even-more-unaffordable prices, new historic levels of household debt, falling urban rents and a growing pile of condo listings where eroding valuations may impact the entire market as mortgage costs increase. In short, Covid has screwed up real estate even more.

Finally, federal officials are now saying everybody in Canada will likely be offered a vaccination by the end of 2021. Seems reasonable. The pharmas have been manufacturing doses even while the stuff is being tested. Ottawa pre-ordered zillions of doses. So widespread inoculations could have this slimy little pathogen on the run sooner than most expect.

Now won’t that be a surprise for those who moved out into a caribou pasture and thought they could WFH until retirement? Downtown cores will start filling again. The office towers will repopulate. And in a year or less the boss may be calling, saying your bum is required in a chair at work three days a week. Good luck getting out of the cabin in 2022 for what you paid during the pandemic panic of 2020.

Says CIBC economist Benny Tal (usually a housing bull): “The level of activity seen in the summer months was unsustainable and reflected aggressive utilization of pent-up demand. Now it’s back to reality for housing, and growth from here will be more consistent with overall economic growth. Therefore look for additional softening in activity during the winter.”

Back to reality. Sigh. Did you ever think those words would ring so sweet?

174 comments ↓

#1 Doug t on 11.17.20 at 4:44 pm

S&P to 1500 within next 5 months – 2nd/3rd waves will take out some major groups and global economy will crash hard

#2 Felix on 11.17.20 at 4:45 pm

Sad photo. A self-absorbed dogawful mutt defecating on an innocent human.

No class, as usual.

#3 GrumpyPanda on 11.17.20 at 4:49 pm

Garth, months back you had Ryan’s brother’s perspective on Covid. I wonder if he could share any updates or perspectives. I know markets are forward looking but this is very early in the trials to declare victory.

#4 TurnerNation on 11.17.20 at 4:51 pm

From the “You are free to leave at any time” Dept.
This is really simple guys. View every “news” story and new law though the lens that this is about control over our Breeding, Feeding and Movements. Then it all makes sense.

Travel: It’s been said that the highway system in Toronto was designed to lock us in, via a few easy roadblocks. Could it be?
I’ve prepared a map. Only SIX checkpoints will shut the city down.

1. East side of the city: pinch point circled at an otherwise impassable Ravine. Check! Keeps you out of Pickering.
https://imgur.com/a/usO7vsR – click for larger size

2. North/West side: https://imgur.com/a/IXka871

3. Southside: is Lake Ontario. Done like dinner

—— Watch your travel rights…”Low carbon” means being locked in your UN Smart city, local travel only

The Purpose of the LOCKDOWNS is training, normalization, toward this.

“The Globe and Mail reports in its Tuesday edition that Canada’s central bank and financial regulator are joining a group of banks and insurance companies to gauge how risks related to climate change and a transition toward a low-carbon economy could affect the financial system. ”

Again this blurb is from another blog, late March. The nailed it:

“”“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””

—– Watch your food supply. Soft sell, predictive programming. Planting the seed always. Yes there will new laws forthcoming. This has been planned for years, just a matter of rolling it out one step at a time.

https://www.vox.com/21562639/climate-change-plant-based-diets-science-meat-dairy
How shifting from meat-heavy to plant-based diets can help allay the climate crisis
A new study shows that moving to a plant-based diet is critical, but governments have been slow to act.

#5 BlogDog123 on 11.17.20 at 4:51 pm

The scary 3rd, 4th waves will be that period of time when:

“I heard the vaccine is will first be available at my pharmacy next month. I won’t bother wearing a pesky mask for that upcoming spring party..! We have a ‘cure’ !!! Tired of hearing about rules, masks, social distancing,…”

Won’t be good for the local hospitals with that level of COVID fatigue over the next 6 months.

#6 conan on 11.17.20 at 4:54 pm

Very optimistic outlook. Me, I think there is a lot to worry about in 2021. I will feel better once Trump is gone, without igniting the planet in any way.

#7 dave on 11.17.20 at 4:54 pm

What happen to rates rising in a week or two?

#8 X on 11.17.20 at 4:55 pm

‘a growing pile of condo listings where eroding valuations may impact the entire market as mortgage costs increase’ Garth

Had been wondering about that, in that reduced condo valuations has to hurt the move up market.

Rates can’t rise fast enough imo, too many have spent too much, and may not have yet realized they are in a financial pickle as a result when renewal comes. So many families have stretched themselves so thin.

#9 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 11.17.20 at 4:55 pm

“This will allow the airplanes to fly, the Maple Leafs to lose before a live crowd, …”

Oh Baby!!!

https://www.youtube.com/watch?v=5Sv_N8Po_Fc

The Greatest City of Losers on the Planet!!

Trauma Ontario Will Never End!!

#10 KNOW IT ALL on 11.17.20 at 4:56 pm

Bittersweet!!

Bruce Flatt is counting on it.

https://www.youtube.com/watch?v=3PXxqCc24q4

#11 FreeBird on 11.17.20 at 4:56 pm

And hopefully readers who send you emails like the one posted yesterday get some help (or better meds) and write to someone else.

/////////

BTW good time to get snow tires on in Ontario if you use them. Maybe a bit late in other areas. And 38 days to Christmas – if you celebrate. Trickier timing if you have to mail more gifts this year.

#12 mj on 11.17.20 at 4:59 pm

don’t you think it will be a lot worse in 3-6 months if we have a horrible holiday season. Lots of retailers rely on those sales.

#13 Kevin on 11.17.20 at 4:59 pm

Yep. I’m looking forward to taking my wife for a couple days in the city. Investments have been good . Can splurge.
Hey Garth, I read the blog, don’t care a bleep about the comments.

#14 Kevin on 11.17.20 at 5:01 pm

Oh ya. Whats the dollar going to do to my 60/40

#15 Editrix on 11.17.20 at 5:04 pm

Any word, Garth, about the people who were deferring their mortgages? Is that still going on and/or are the current houses coming to market being listed by people who are trying to sell before the bank steps in?

#16 Brian Ripley on 11.17.20 at 5:05 pm

My OCT data chart of REAL PRICE OF TSX Real Estate & Gold Indexes, ie: Nominal Prices divided by Bank of Canada $CAD Commodity Index is up:

http://www.chpc.biz/real-price-of-gold–re.html

For seven years, from April 2013 to March 2020, TSX Gold under performed TSX Real Estate but in April 2020 that nominal metric switched with the Covid 19 crash in the commodity plot (CCI).

Gold miner’s profitability depends on the nominal price of gold but also the cost of getting the metal out of the ground. See the real time StockCharts.com $HUI:$CRB chart:
https://stockcharts.com/h-sc/ui?s=%24HUI%3A%24CRB (ie: gold miners / commodities ratio)​

As the cost of mining drops (fuel, and industrial materials), the real price of the mining product rises even in the absence of a nominal price rise. Gold mining share prices rise as the real price of gold rises

Nominal TSX Real Estate prices are back in the neighborhood of 2007 while Real TSX Real Estate is back to 1Q 2015 prices and that plot looks like it can easily drop further into 2007 territory.

Canadian commodities remain in a chronic down trend.

#17 CEW9 on 11.17.20 at 5:07 pm

Garth, a quick thought on yesterdays topic. Have you ever considered a one day break from moderating comments. ‘No comments on Sunday’ has a pretty good ring to it.

Just a thought, & thanks again for the blog.

#18 The Woosh on 11.17.20 at 5:10 pm

Now it’s back to reality for housing, and growth from here will be more consistent with overall economic growth. Therefore look for additional softening in activity during the winter.”

————————————

Softening of activity but I see nothing in here about a softening in prices. I guess the party goes on no matter what. What happened to all those deferrals that were supposed to cause a landslide in residential real estate prices? Oh, but we don’t talk about that anymore. Hmmmm…

#19 Faron on 11.17.20 at 5:11 pm

Victoria RE is still selling like hotcakes. New listings are picking up a bit, but the sales to new listings is about even. Lots of Alberta license plates around. The sales “season” seems to never end. get offa mah lawn.

#20 RyYYZ on 11.17.20 at 5:11 pm

Well, I figured, there’s only 11 posts so far. Surely nobody’s started in on Covid conspiracy theories and such yet in the comments…

#21 San on 11.17.20 at 5:16 pm

I’d like to say that contrary to yesterday’s member’s post, I come here for what you, Garth, write, not for the comments. Reading your blog is the last thing I do every day before I go to bed.

#22 HAPPY BIRTHDAY COVID-19! on 11.17.20 at 5:16 pm

COVID, YOU ARE A 1 YEAR OLD ALREADY!!

https://www.theguardian.com/world/2020/mar/13/first-covid-19-case-happened-in-november-china-government-records-show-report

Such a disgusting, petulant toddler who just won’t go away…….

Hmmm……..just like the current US President!

#23 TurnerNation on 11.17.20 at 5:18 pm

Look at this. In less than a Year the New System is in place. The Internet of Things…we are the Things. TSLA is just a mil/industrial complex front company (as is Walmart, Amazon, et al) . Their SkyLink do you think it is to stream videos faster, or to track your every move on the globe?

Once our elites take away our rights you NEVER get them back in the fashion. I hear New Orleans Mardi Gras 2021 is canceled. All Old System ways and culture must be cancelled. This is the global New System Comrades. Work work work no fun allowed. This type of global rule, power is not going away. Some say the end date is April 2025 per WEF/IMF I don’t know.

Stadiums bread and circuses. Same as in ancient times: pf course if you test positive they likely will drag you to the Quarrantine centres.?

-“Flurotech Ltd. will launch its first product solution aimed at solving the testing problems facing the operators of large stadiums, arenas and other high-capacity venues.
The FluroTest stadium and arena product solution is a COVID testing platform capable of running 3,000 tests per hour directly at the point of collection with results immediately available to every test taker within 5 minutes. This enables the safe opening of stadiums, arenas, airports, and other high traffic environments. Platforms can be configured to open any 60,000-seat indoor arena or outdoor stadium to full capacity in less than 2 hours.
© 2020 Canjex Publishing Ltd. All rights reserved.”

—Life in Soviet Kanada, no fun under the new global CV theocracy: The cultural revolution is underway

No Sports
No Church
No local bars and eateries
No live music
No picnics or parades
No Holiday festivities
No Schools or Little League
No movie theaters

— Or privacy:

https://thetyee.ca/News/2020/11/16/You-Have-Zero-Privacy-RCMP-Web-Spying/
Purchased software with an aim to search “Darknet,” which it defined to include “private communications” and those from “political protests.”
Has used a tool to unmask lists of “friends” on Facebook for users that specifically set friends’ information to private on the platform.

#24 Dave on 11.17.20 at 5:21 pm

And condo prices in Vancouver never really went down. Still over 500K for a tiny 30 year old 600 sqr ft condo.

#25 SoggyShorts on 11.17.20 at 5:27 pm

#246 Bond Junkie on 11.16.20 at 9:05 pm
Everyone’s ‘truth’ is relative. I had COVID-19 a month ago. I’m 40 and healthy, it was a shade better than the flu, 36hr fever and 4-5 days of fatigue. The loss of taste and smell stuff is real, I’m only back to 75% there but overall… It’s NOT. A. BIG. DEAL.

*************************
Right, because everyone is 40 and healthy to start. /eyeroll
Truth isn’t relative ya numbskull.
I’m pretty sure it was A. BIG. DEAL. for the 1,000,000+ people who have died so far(and their families)

#26 JacqueShellacque on 11.17.20 at 5:28 pm

Debt -> overpriced assets -> bubble -> burst.
Every time. “This time it isn’t different”.
It won’t help to get a vaccine bounce in 2021 if there’s a debt crash in 2022.

#27 You know val on 11.17.20 at 5:28 pm

Garthgantuan, if ever there was comedy and financial and realestate advise working in unisine, this is the place to be. The extrapolation of suck and blow smoke and mirrors is most impressively laid out from various outlets. But the Facts are equally reported with impunity. There must be a dog heaven. Please lay out some facts about copower green bonds, dont spare the comedy, thanks GT.

#28 SoggyShorts on 11.17.20 at 5:28 pm

#204 Lisa Campbelford on 11.16.20 at 7:58 pm
“They swallow the presidential tweets, Fox News and Steve Bannon…”
Same as the other side swallows Biden’s tweets, mainstream media and AOC
How do you know you are on the right side, Garth?

*********************
Spending a couple of minutes fact-checking helps.

#29 SoggyShorts on 11.17.20 at 5:30 pm

#1 Doug t on 11.17.20 at 4:44 pm
S&P to 1500 within next 5 months – 2nd/3rd waves will take out some major groups and global economy will crash hard
**********************
Impressive call. Care to share a screenshot of your short positions?

#30 Mason on 11.17.20 at 5:32 pm

…yeah, except for that whole ‘Great Reset’ thing Trudeau has slipped out. I’m not sure how you believe that everything is returning to normal when all signs point to the complete opposite happening.

#31 Dolce Vita on 11.17.20 at 5:33 pm

“…sadly, Drake to perform again. ”

You forgot Adele.

—————————–

Not to burst your bubble there, oh ebullient My Liege:

We have to all get there in 1 piece before the good times roll yet again.

In no hurry to be dispatched,

-S. L. Pathogen

#32 pathcontrolmonk on 11.17.20 at 5:34 pm

Unless Trump sneaks away with the “football” and starts pressing red buttons.

#33 Tron Light on 11.17.20 at 5:36 pm

Does this mean if you don’t get the jab you can’t go see the Leafs lose in person?

#34 Grey Dog Trolling Garth on 11.17.20 at 5:37 pm

Hey Garth…you forgot Adele concerts…living through Covid, now she has something to really wail about!

#35 Yukon Elvis on 11.17.20 at 5:50 pm

Housing will take a little breather and come roaring back with the vaccine and increased immigration. Mortgage rates will be in the two percent range for a looooong time.

#36 Rico on 11.17.20 at 5:53 pm

For those of you who say “Covid-19 doesn’t affect me”, here are the latest stats out of BC:
Age 30-39 8% of cases are hospitalized
Age 40-49 10% of cases are hospitalized
Age 50-59 15% of cases are hospitalized
Not to mention the long term effects (heart, brain, clots, etc).
https://news.gov.bc.ca/files/COVID19_Update_Modelling-DIGITAL.pdf

#37 CBo on 11.17.20 at 5:53 pm

I work for a S&P 500 company HQ’d in TN. We have remote based workers across the US. I work out of Toronto. The plan to bring people together for internal networking events that we did quarterly, is there is no plan. Until at least 2022. Business will take a while to reach 2019 levels.

Condos are a steal when a dump semi in Ronce is 1.3 and needs another 200k to inhabit. Expect that lowest rung of the property ladder to bounce back hard in Spring. Especially if we open our borders to Permanent Residents, as planned.

Americans love our cottage country as a 30% discounted summer paradise. They have been banned all year. They will be back en mass whenever we let them back in, and we tend to attract the big spenders. The right property in the sticks, Muskoka, lakefront will continue to perform.

#38 Nonplused on 11.17.20 at 6:14 pm

“Back to reality. Sigh. Did you ever think those words would ring so sweet?”

I’m not getting my hopes up. The Dogs may not be finished with their mischievousness just yet.

Costco was out of toilet paper again yesterday. And Trump still has 64 days to cause mayhem. I think he is starting to come to terms with the fact his court proceedings probably won’t get him the votes he needs because whew, has he been busy. Oh well I think it’ll help legitimize Biden in the eyes of Trump voters in the end and maybe clean up the election process a bit for next time. December 14th is only 27 days away so the nightmare before Christmas will be over soon.

#39 mark on 11.17.20 at 6:20 pm

Is their a “OFF” button for TURNER NATION?

#40 Nonplused on 11.17.20 at 6:23 pm

#9 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 11.17.20 at 4:55 pm

I wouldn’t be so downtrodden. No Canadian team has won the Stanley Cup since 1993, and it is likely none ever will. The Canadian teams, for economic reasons, have to play “moneyball” (see the movie of that name if you don’t know what that is). Toronto can afford to pay to win, but why would they? It wouldn’t improve their balance sheet. They are already sold out for the foreseeable future.

#41 TurnerNation on 11.17.20 at 6:23 pm

Oh I read that as “Finally, federal officials are now saying everybody in Canada will likely be offered a UBI by the end of 2021”

#42 RussianBot on 11.17.20 at 6:25 pm

There will be no “return to normal”

“The Great Reset” is upon us
https://www.youtube.com/watch?v=8rAiTDQ-NVY

We must “Build Back Better” to bring an end to shareholder capitalism and transition to stakeholder capitalism.
https://twitter.com/Jonathan_Witt/status/1327992732657258497?s=20

We must rebuild capitalism so that it is more equitable, sustainable, adaptive and resilient.
https://www.weforum.org/agenda/2020/07/great-reset-must-place-social-justice-centre/

We have all your data, we have mapped every social network on the planet. We can tap into any individuals phone at will. We are always listening and tracking you. We have built prediction models using machine learning and AI in order to engineer public opinion and society at large. We control and coordinate the media. We engineer recommendation algorithms to subtly influence everyone. We control your political leaders through kompromat.

Right on cue. The latest conspiracy junk. – Garth

#43 Leo Trollstoy on 11.17.20 at 6:27 pm

I’m happy that I will soon be able to reduce my chances of dying from covid-19 from 0.082% to 0.0075%

#44 Andy on 11.17.20 at 6:33 pm

TurnerNation, could you do us a favor?

When the first vaccine comes out, could you please volunteer, go pull down your pants and bend over?

Then please let us know in a week if you are still alive.

Asking for a friend…….

#45 Classical Liberal Millennial on 11.17.20 at 6:37 pm

Society is going to be confused when vaccines are rolled out and only half the population signs up for one. I expect the useless daily briefings and constant talks of rolling lockdowns to continue through next year.

As for me, I’ll roll my sleeve up. It should especially make it easier to travel and return without the 14 day quarantine nonsense.

#46 Leo Trollstoy on 11.17.20 at 6:38 pm

So many blog dogs have Trump living rent-free in their mind

#47 TurnerNation on 11.17.20 at 6:43 pm

At this point I believe the papers are just controlled opposition. I mean has anything changed in the shut down of our way of life? Naw they are spoon feeding us.
It’s all for our health Comrades! Our elites care about us which is why this same situation is playing out in every country. The slow kill…
Is this by design? You decide.

http://archive.is/erD5i
At Toronto’s SickKids hospital, two thirds on wait list have missed their surgery ‘window’

At SickKids, the largest pediatric hospital in the country, two-thirds of children in the queue are now outside the “window” for when their surgeries should have been performed. That figure was one-third of children a year ago, before non-urgent surgeries were cancelled in the spring during the first wave of the pandemic.
As a result, children with conditions such as scoliosis, cleft palate, hip dysplasia and limb deficiencies are losing developmental ground they won’t be able to make up, said Simon Kelley, associate chief of surgery at SickKids.
“You can’t turn back the clock,” he said. “You miss a development window and it’s gone.”

………..
Every system designed to help us has been turned against us

Mr. Reckless — Greater Fool – Authored by Garth Turner …www.greaterfool.ca › 2020/08/13 › mr-reckless
Aug 13, 2020 — #18 TurnerNation on 08.13.20 at 3:42 pm. Keep an … in the New System has been turned against us…we ain’t getting nothing for free no more.

Da hammer — Greater Fool – Authored by Garth Turner – The …www.greaterfool.ca › 2020/06/08 › da-hammer
Jun 8, 2020 — #35 TurnerNation on 06.08.20 at 4:49 pm. Every system has been turned against us <— Your house will become a target. But the police are …

The surprise — Greater Fool – Authored by Garth Turner …www.greaterfool.ca › 2020/07/21 › not-as-expected
Jul 21, 2020 — #10 TurnerNation on 07.21.20 at 2:53 pm. There always will be … The system has been turned against us, realized this in April. This says it the …

#48 Reximus on 11.17.20 at 6:44 pm

I think Rudy Giuliani has spent wayyyy too much time at Mar-a-Gogo

#49 frostty on 11.17.20 at 6:45 pm

Perfect Friday will unload $1200 in Suncor, XUT , XRE, CPD

Thanks Garth

#50 Grey Dog on 11.17.20 at 6:49 pm

Nonplused…care to share what city that has a Costco that is without Tpaper?

We came home after the month of February cruising down Mediterranean, Suez Canal, to Middle East …home to no toilet paper!!!

Beg and borrow from neighbours…FYI…There really is a app for that…”you may be richer than you think,”

#51 Long-Time Lurker on 11.17.20 at 6:51 pm

Zoolander 3. Script update.

Location: Global Economic Committee 2020. Zoom on-line meeting.

Karl “Dr. Frankenstein” Swab: “Let us practice our speeches. We are all committed to the Great Revolutionary Reset. Begin.”

PM Jackie “Kiwi-IUSY” Harden: “Build back better.”

PM Boris “The Barber” Jansen: “Build back better.”

Joe “Brain Fog” Borden: “Build back better.”

Prime Minister Zoolander: “Build back better.”

Karl “Dr. Frankenstein” Swab: “Good! Very original! I like that! I like that!”

#52 O caNnABis! on 11.17.20 at 6:52 pm

GrEaT NEws eVERbudDY!

yOUtubE hAS breaKINg newS.

No dISAter ahEad, jUSt reLAx.

https://www.youtube.com/watch?v=jym4h3Esklk&feature=share&fbclid=IwAR0g7YJTuekqqLopDuilNXE5YoiaBjNpN1h2W-1TZf7soYEBZg1uko1AA_k

#53 WIN not Lose on 11.17.20 at 6:52 pm

If Kamala believes that Biden won, let’s see her resign her Senate seat immediately. QED

#54 TurnerNation on 11.17.20 at 6:53 pm

Dissenting opinion.
Dunno let’s ask the many experts in this part-time virus weblog’s comment section. ***I am not an expert.**
Quack or quake???

https://www.youtube.com/watch?v=uEo3rnU12jw
Former head of Alberta College of Physicians and Surgeons tells Government of Alberta
“There is utterly unfounded public hysteria driven by the media and politicians. This is the biggest hoax ever perpetrated on an unsuspected public. There is absolutely nothing that can be done to contain this virus.
Dr. Roger Hodkinson, Chairman of the Royal College of Physicians and Surgeons committee in Ottawa, CEO of a large private medical laboratory in Edmonton, Alberta and Chairman of a Medical Biotechnology”

#55 Flop... on 11.17.20 at 6:54 pm

#137 Steel City Kid on 11.16.20 at 6:40 pm
“Your blog, Garth, your choice what comments are permitted. The value in Greater Fool is the information you provide and the quality and wit of the writing. I appreciate some of the comments section, sometimes (say Flop’s insight on the Vancouver Real Estate…”

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

Hey Kid, you’re interested in Vancouver real estate even though you’re in Hamilton?

Well, I did a report about a week ago that stated that I saw a steady stream of visitors to an open house in the neighbourhood bordering on Spring 2016 ferocity.

It, like a lot of other houses in the neighborhood that sit on the second rung of the Vancouver detached ladder went over ask and over assessment.

Lately 20 something percent over ask and slightly more over assessment gets the job done.

Sales are slightly down from last year, prices as well.

Price per square foot up.

Meaning people are paying more for mid-century modest bungalow dwellings that get them out of condos.

All rainbows and butterflies?

Not quite.

People are still losing money on Vancouver real estate everyday.

Mainly on condos purchased in the last couple of years and detached over 3 million remains painful for most.

To lose money on a detached low down on the rung, you essentially had to buy a bulldozer property in 2016/2017 and then let the house fall into disrepair as the developers are proceeding cautiously at the moment.

Good to see the boss of this blog pull out the leaf blower yesterday and blow off some moss.

I ordered a real estate and financial blog with a meat lovers pizza.

Was getting sick of eating conspiracy theory blog and Trump lovers quiche…

M46BC

#56 Faron on 11.17.20 at 6:55 pm

#38 Nonplused on 11.17.20 at 6:14 pm

…and maybe clean up the election process a bit for next time…

There was nothing wrong with the election process other than Trump and Trumpers claiming that it was illegitimate. Department of Homeland Security said it was squeaky clean. Trump lied per usual. Get over it.

#57 dogwhistle on 11.17.20 at 7:02 pm

#4 TurnerNation on 11.17.20 at 4:51 pm

Travel: It’s been said that the highway system in Toronto was designed to lock us in, via a few easy roadblocks. Could it be?
I’ve prepared a map. Only SIX checkpoints will shut the city down.

—————————————–

And for some reason this kind of tinfoil garbage gets a pass…

#58 dogwhistle on 11.17.20 at 7:05 pm

#23 TurnerNation on 11.17.20 at 5:18 pm

https://thetyee.ca/News/2020/11/16/You-Have-Zero-Privacy-RCMP-Web-Spying/
Purchased software with an aim to search “Darknet,” which it defined to include “private communications” and those from “political protests.”
Has used a tool to unmask lists of “friends” on Facebook for users that specifically set friends’ information to private on the platform.

—————————————————

“Turnernation” our very own Snowden lol

#59 dogwhistle on 11.17.20 at 7:07 pm

#34 Grey Dog Trolling Garth on 11.17.20 at 5:37 pm
Hey Garth…you forgot Adele concerts…living through Covid, now she has something to really wail about!

——————————————–

Saw her on SNL, she’s kinda tasty nowadays (so non PC)

#60 Spectacle ( front row seats) on 11.17.20 at 7:07 pm

#4 TurnerNation on 11.17.20 at 4:51 pm
From the “You are free to leave at any time” Dept.
This is really simple guys. View every “news” story and new law though the lens that this is about control over our Breeding, Feeding and Movements. Then it all makes sense.

——————–‘$$$$$$$—————–

Thank You Turner Nation. Your input & comments save me so much resestch & reading online.

Agenda-30 is destroyingvtge fabric of civilization.
Thank You Garth Turner, for your contribution to helping everyone build their own secure futures, within the turmoil.

Best to you both.

#61 Dolce Vita on 11.17.20 at 7:08 pm

#36 Rico

The Province of “Valhalla Paradise Lost” also state in your link:

72 Deaths
86 Median age of people who have died

35.8% of 707 cases
Have at least one chronic condition (Includes: cancer, diabetes, cardiac disease, liver disease, neurological disorder, renal disease, or respiratory disease)

So long term effects? More than 1/3 have them already. Tough sell your “long term effects (heart, brain, clots, etc).” other than IF there was nothing wrong them before COVID-19 then yes. Your “Long Haulers” is what you are saying?

Nobody really knows but possible.

—————————

Though they talk a good game in BC here is their test rate per million population as of Nov. 16 per Gov Canada (https://health-infobase.canada.ca/covid-19/?stat=rate&measure=tested#a2):

136,240

Canada Average = 276,748
Alberta = 296,258
Ontario = 377,003
Québec = 241,463

Still “COUNT NO EVIL BC” at 50% of the National Average but that has caught up with them. Someone was bound to notice hospital and ICU beds filling up with COVID-19 patients. And they did, imagine that happening?

But hey, COUNT NO EVIL won the NDP an election and Chief Health Officer Moonbeam is as popular as ever…

—————————————–

Welcome to the World of COVID-19 FEAR where common sense and reasoning are tossed out the door.

#62 Howard on 11.17.20 at 7:09 pm

#1 Doug t on 11.17.20 at 4:44 pm
S&P to 1500 within next 5 months – 2nd/3rd waves will take out some major groups and global economy will crash hard

—————————————–

Imo there will be a final blowoff top towards 4500-5000 on the S&P in the next 6 months followed by a 50%+ crash in 2021 and into 2022. The US indices are looking an awful lot like the Nasdaq in 1999 just prior its final manic run.

And yes, I believe the end result of that run will be just like the Nasdaq in 2000.

#63 Nonplused on 11.17.20 at 7:11 pm

For the anti-maskers out there, here is a re-link to an article by Nassim Nicholas Taleb, author of “The Black Swan” and several other great books.

https://medium.com/incerto/the-masks-masquerade-7de897b517b7

Garth, to save you time before you consider the “delete” button, Taleb destroys the idea that one should not wear masks in a pandemic, liberty aside. It doesn’t do the whole article justice, but I guess I could sum it up as “your right to liberty does not give you the right to infect me”. It’s the silver rule or “non-aggression” principle. “Do not harm others; they in turn should not harm you.”

TurnerNation please read it.

Another point he makes in the article is thus: If you want to avoid lockdowns, you want to wear a mask. But I have provided the link so don’t take it from me. I’m not smart enough to even interpret the great Taleb.

#64 Penny Henny on 11.17.20 at 7:11 pm

Garth you say that the market looks ahead 6 months or so. Well it seems that the markets had no idea of what the shutdowns are going to do to economy this winter.
US and Canada and Europe.

#65 Stone on 11.17.20 at 7:17 pm

#18 The Woosh on 11.17.20 at 5:10 pm
Now it’s back to reality for housing, and growth from here will be more consistent with overall economic growth. Therefore look for additional softening in activity during the winter.”

————————————

Softening of activity but I see nothing in here about a softening in prices. I guess the party goes on no matter what. What happened to all those deferrals that were supposed to cause a landslide in residential real estate prices? Oh, but we don’t talk about that anymore. Hmmmm…

———

Well comrade, when the narrative changes, the crumbs get swept under the carpet.

Carry on! Carry on! Nothing to see here!

#66 Howard on 11.17.20 at 7:26 pm

#35 Yukon Elvis on 11.17.20 at 5:50 pm
Housing will take a little breather and come roaring back with the vaccine and increased immigration. Mortgage rates will be in the two percent range for a looooong time.

—————————————

The bond market will decide that. Not whats-his-name running the BoC.

Btw, “roars back”? From what? It hasn’t gone down aside from micro condos. A massive increase from current valuations of 8-11x income in Toronto/Vancouver would be highly inflationary thereby pushing rates up. The spike in values from 2015-2020 was more of a supply/demand imbalance brought about after Trudeau came to power combined with an emergency 50% cut in rates following the oil crash, creating a perfect storm.

#67 BC Renovator on 11.17.20 at 7:32 pm

Hey Garth, could we get a blog post update on how you think the Cad Gov plans to pay for all the Pogey they dished out!? Taxes, taxes and more Taxes- but where?

#68 Dolce Vita on 11.17.20 at 7:37 pm

Canadians sitting on largest cash hoard ever recorded: CIBC

by Garth’s lead favorite Business Network.

Canadian households and businesses are holding on to more than $170 billion in excess cash.

Households are sitting on $90 billion, which is equal to 4 percent of consumer spending, while businesses are holding on to no less than $80 billion.

——————————

If so, should be quite the spending boom in Canada once the vaccines beat COVID-19 down. Still, we have to get there first BUT the last half of 2021 shaping up to be a barn burner economically as Garth alludes to in today’s Blog.

Bring it on I say.

https://www.bnnbloomberg.ca/canadians-sitting-on-largest-cash-hoard-ever-recorded-cibc-1.1523872

#69 Nonplused on 11.17.20 at 7:41 pm

#55 Faron on 11.17.20 at 6:55 pm
#38 Nonplused on 11.17.20 at 6:14 pm

…and maybe clean up the election process a bit for next time…

There was nothing wrong with the election process other than Trump and Trumpers claiming that it was illegitimate. Department of Homeland Security said it was squeaky clean. Trump lied per usual. Get over it.

—————————-

Not everyone believes that for various reasons. But I sense that this topic is off the list of content. No problem though, Dec. 14 and Jan. 20 approach and all will be resolved.

#70 Head Chef specializing in Lame duck l'ronge on 11.17.20 at 7:41 pm

Is that what you call whatever it is Drake does? I don’t know, only saw him the one time on SNL. They had him in this three sided box thing making these erratic movements and there was some god awful sound coming from his mouth, so out of tune I couldn’t take it. Pretty sure Lorne Michaels was behind the box torturing the guy with something I couldn’t see. Lorne must have enjoyed it too because I saw him do it to Tom Mulcair and the future ex-resident of the Whitehouse after that.

Smarten up with the comments on the dog picture whoever that was, it’s a mastiff most of them know they are lap dogs. Good pup.

#71 Nonplused on 11.17.20 at 7:44 pm

#50 Grey Dog on 11.17.20 at 6:49 pm
Nonplused…care to share what city that has a Costco that is without Tpaper?

Calgary NE had it in the morning and ran out about 2pm.

#72 Ray Skunk on 11.17.20 at 7:51 pm

Garth – thoughts on how Trudeau and Singh will capture a larger slice of the plump Cap Gains you see coming, when they can’t be bothered to put forward a budget?

#73 Terry on 11.17.20 at 8:02 pm

Wow………….no one is seeing the bigger picture here. It’s all unicorns, roses and everybody singing kumbaya. Just remember when this starts to really unravel it will happen so fast you’ll feel like you just got hit by a train. Nothing will be the same as last year and it’s going to get much much worse fellow blog dogs.

#74 dogwhistle on 11.17.20 at 8:03 pm

#67 BC Renovator on 11.17.20 at 7:32 pm
Hey Garth, could we get a blog post update on how you think the Cad Gov plans to pay for all the Pogey they dished out!? Taxes, taxes and more Taxes- but where?

——————————————

“The budget will balance itself”

#75 FriedEggs on 11.17.20 at 8:05 pm

Elon Musk
@elonmusk
Something extremely bogus is going on. Was tested for covid four times today. Two tests came back negative, two came back positive. Same machine, same test, same nurse. Rapid antigen test from BD.
12:47 AM · Nov 13, 2020

‘Right from the horse’s mouth. Right from the man we’re told is the number-one COVID expert in the nation. What Fauci says is golden truth.

Well, how about THIS?

July 16, 2020, podcast [2], “This Week in Virology”: Tony Fauci makes a point of saying the PCR COVID test is useless and misleading when the test is run at “35 cycles or higher.” A positive result, indicating infection, cannot be accepted or believed.

Here, in techno-speak, is an excerpt from Fauci’s key quote (starting at about the 4-minute mark): “…If you get [perform the test at] a cycle threshold of 35 or more…the chances of it being replication-confident [aka accurate] are miniscule…you almost never can culture virus [detect a true positive result] from a 37 threshold cycle…even 36…”

Each “cycle” of the test is a quantum leap in amplification and magnification of the test specimen taken from the patient.

Too many cycles, and the test will turn up all sorts of irrelevant material that will be wrongly interpreted as relevant.

That’s called a false positive.

What Fauci failed to say on the video is: the FDA, which authorizes the test for public use, recommends the test should be run up to 40 cycles. Not 35.

Therefore, all labs in the US that follow the FDA guideline are knowingly or unknowingly participating in fraud. Fraud on a monstrous level, because…

Millions of Americans are being told they are infected with the virus on the basis of a false positive result, and…

The total number of COVID cases in America—which is based on the test—is a gross falsity.’

-Jon Rappoport

Thanks for keeping the door of critical thinking open Garth, even if its a crack…

#76 jal on 11.17.20 at 8:14 pm

I come here to read the comments.
The best comments are from the people who don’t read the comments.
:-)

#77 Vancouver in the Rearview on 11.17.20 at 8:22 pm

I think the idea that everything will be great in the spring is a bit optimistic.

First, we don’t have any peer reviewed data. We have two press releases on interim data. Interim analyses are bad science – studies are powered to detect a difference at a given point in time. While the results are promising, the hype is significant and we need to be patient to see what the final analysis is.

Second, we have no idea about the safety of these vaccines in the general population. The study populations are still small compared to seven billion people getting the vaccine. We are looking at mRNA technology that has never been deployed in any population, let alone the entire population. A rush to manufacturing the first polio vaccine (the Cutter Incident) in the 1950s caused 40,000 cases of polio, paralyzing 200, and killing ten. We need to proceed carefully.

Third, we have a major problem with vaccine hesitancy and we will need to convince people who already don’t trust vaccines to get vaccinated. This is far from a given.

Fourth, we also need to establish efficacy in sub-populations, like the elderly and the very young. Different dosing may be necessary depending on factors we don’t yet know about.

Fifth, we don’t know how long the effect of immunization will last, whether boosters are required, or whether it prevents asymptomatic transmission. Strategies to maintain population level immunity are critically important.

While I agree that this too shall pass, and that none of these questions are unresolvable, they will take time to answer and indeed, should be answered before we race to immunization. I take real issue with the politicians who are telling us that a vaccine is around the corner and everything will be back to normal. The evidence doesn’t support that conclusion yet.

#78 TurnerNation on 11.17.20 at 8:23 pm

Amazing how it went from “2 week to flatten the curve” to ‘All 7 billion people must get a jab else they will not get any rights back.’ And we are only in year One of this global rollout. CV does it all. Just ask.
It does CERB, UBI, Kamps, Resets, UN, NWO. Did I miss anything?

#79 Pandemic my derriere on 11.17.20 at 8:25 pm

S&P to 1500 within next 5 months – 2nd/3rd waves will take out some major groups and global economy will crash hard

ROTFLMAO….like Sweden or China or Belarus you mean ????

#80 Doug t on 11.17.20 at 8:25 pm

#57 dogsh*t

Hey don’t dis TurnerNation dude

#81 Bill on 11.17.20 at 8:27 pm

Sadly the only guy in the political realm trying to squelch the banana republic type politics we are facing. Was the only guy in the debates that said having a reasonable deficit gives the country the ammo to fight recessions.
Max Bernier says and I completely agree as he’s the only guys that has any balls to tell it like it is. You’ve been warned:
This week, a video of Justin Trudeau addressing a United Nations meeting resurfaced on the Internet.
In it, he says the COVID-19 pandemic “has provided an opportunity for a reset.”
He talks about “reimagining economic systems that actually address global challenges.”
All these buzzwords refer to the Great Reset, a globalist initiative put forward by the United Nations and the World Economic Forum to transform our society and economy.
Globalism is a neo-Marxist ideology that promotes coordination between countries and increased power to the UN in order to impose worldwide socialism.
For decades, its proponents have used climate alarmism to push this goal.
The Paris Climate Accord, the Global Compact on Migrations, the massive government spending and money creation by central banks, the attacks on free speech, on national identity, on Western culture and history, etc. It’s all part of that movement.
Justin Trudeau is one of the world’s most prominent defender of this vision.
Ten years ago, he supported a campaign for the creation of a World Parliament that would have power to impose its laws on Canada.
He’s now openly saying that he’ll use the pandemic to push for the ambitious globalist goals that his government has so far been unable to achieve.
Canadians did not vote for this. It’s completely anti-democratic.
And what are Erin O’Toole and his herd of Conservative sheep saying about this? NOTHING!
There is only one way to defeat this globalist threat.
It’s to make sure that more Canadians understand what’s going on and put pressure on politicians.
The People’s Party is the only party in Canada that speaks up against this Great Reset.

On a lighter note a decent day on my US equities with my large position CND weed stock VFF rocking it 23%! waaahoo

This is why the comments section is a cesspool. There is no coordinated globalist reset conspiracy. Get a grip. And go away. – Garth

#82 Elon fanboy on 11.17.20 at 8:28 pm

So any bets on which country Biden goes to war with first?

Whatever you think of Trump he’s the only President in recent history not to start a war or increase troops at existing deployments.

Witness the war hawks going bananas because he’s trying to pull out of Afghanistan.

Only been there 19 years.

#83 Drinking on 11.17.20 at 8:39 pm

#62 Howard

B.C. has always down played it; for awhile, they blamed Albertan’s when the reality was there testing was half of most other Provinces. Unfortunately, and I do mean that, they are in for a world of hurt!

If you doubt me, here is the data!

https://art-bd.shinyapps.io/covid19canada/

Let us hope for for the vaccines that are coming on board but science being science I am not as optimistic as Garth is. I very much hope that I am wrong!!!

#84 SimplyPut7 on 11.17.20 at 8:39 pm

federal officials are now saying everybody in Canada will likely be offered a vaccination by the end of 2021

————————————–

I’m happy to accept my free vaccine after more data comes back from teachers, doctors, nurses, PSWs, long-term care residents and areas of Canada with high positivity rates.

I am suspicious of the 30,000 participant trial with only 95 cases of covid. Of which 90 came from the placebo group. Surely they must be able to find more cases of covid in places that are seeing positivity rates of 10%-20% like in some areas of the greater Toronto area.

#85 Lead Paint on 11.17.20 at 8:49 pm

#36 Rico on 11.17.20 at 5:53 pm

That report is from April… somewhat misleading of you. Any recent stats?

#86 Steven on 11.17.20 at 8:50 pm

If history repeats itself the pandemic 100 years ago the “Roaring Twenties” followed it then the Depression hit a decade later in 1929. So let’s say starting next summer the economy is going to explode like you say. People will spend more money and inflation will take hold. Then as cycles go around 1930 things will turn sharply downward. There you go. In the mean time let’s fix things in this country that need it creating tons of jobs and wealth in our country. Let’s make a massive paradigm shift and start planning for and implementing a green recovery. In the States right now there is 4-1 people employed in renewable energy than the oil industry. It is time to get on board.

#87 ignore script on 11.17.20 at 8:51 pm

#39 mark on 11.17.20 at 6:20 pm
Is there an “OFF” button for TURNER NATION?

In fact there is:
I forget who shared this years ago, but it’s been a blessing the past few weeks
Get the tampermonkey extension for google chrome and insert this script:

// ==UserScript==
// @name Hiding Comments of any other user on http://www.greaterfool.ca
// @namespace http://www.greaterfool.ca
// @description Greasemonkey script that hides any user named Turner Nation
// @include *
// @grant none
// @author Fortune Faded
// ==/UserScript==

var users = [“Turnernation”,];
var usersLC= users.join(‘|’).toLowerCase().trim().split(‘|’);

var dl = document.getElementById(“comment_list”);
var dt = dl.getElementsByTagName(“dt”);
var dd = dl.getElementsByTagName(“dd”);

var commentID, userName, userInfo, subNodes, myName;

for (i=0; i 1)
{
for (x=0; x<subNodes.length;x++)
{
myName = subNodes[x].innerHTML;

if(typeof myName != 'undefined')
{
if(usersLC.indexOf(myName.toLowerCase().trim()) != -1 )
{
dd[i].style.visibility = 'hidden';
break;
}
}
}
}
else if(usersLC.indexOf(userName.toLowerCase().trim()) != -1 )
{
dd[i].style.visibility = 'hidden';
}
}
}

#88 Where's My Money Going Greedeau? Not to WE Charity anymore. on 11.17.20 at 8:55 pm

Cullen Commission into money laundering: testimony yesterday mentions FINTRAC receiving 14-16 million transactions that could be suspect but only investigates ~2000?
From sworn testimony and Sam Cooper (reporter who exposed the co-rruption) today on CKNW’s Mike Smith show, most higher ups refused to act on the details being provided by managers (includes retired police) or feigned ignorance. Imo, Fred Pinnock should be awarded the highest honour Canada has to offer for his, what has to be very hard, pushing the media to investigate, because we all know that they wouldn’t have otherwise.
So it is getting good and I believe the Feds are involved, all to keep the real estate bubble going. In 2012 BC RCMP got a new $1 billion building plus a 20 year contract, ~ a year into Christy Clark’s first premiership.
Also, why are we locking down everything on the ground when they’re allowing innumerable amounts of jets flying everywhere. They can’t be all cargo jets.
Have a look at real time flights: https://www.flightradar24.com/49.43,-123.91/4

#89 Madcat on 11.17.20 at 9:04 pm

Here’s to hoping Trump gets his way on Shelton…

“Shelton, a conservative economics commentator, is opposed by Senate Democrats, most economists and many former Fed officials for her past support of the gold standard and for writings that questioned the Fed’s political independence.

https://www.google.com/amp/s/www.cbc.ca/amp/1.5805606

Under the gold standard, the U.S. dollar’s value is tied to gold. With that approach, the Fed has had less leeway to adjust interest rates, even in a severe recession.”

#90 Drinking on 11.17.20 at 9:05 pm

#86 Steven

Link please!

#91 Drinking on 11.17.20 at 9:17 pm

#2 Felix

As usual you have it all wrong; he/she is making sure that no pathetic Felixes’ come around and harass the young lady; good dog!!

#92 Ponzius Pilatus on 11.17.20 at 9:20 pm

#56 Faron on 11.17.20 at 6:55 pm
#38 Nonplused on 11.17.20 at 6:14 pm

…and maybe clean up the election process a bit for next time…

There was nothing wrong with the election process other than Trump and Trumpers claiming that it was illegitimate. Department of Homeland Security said it was squeaky clean. Trump lied per usual. Get over it.
————–
Trump via Twitter fired the guy who headed the cyber security dpt responsible for the election.
He stated the other day that this was the most secure election ever.
That’s what you get for doing a good job in Trumps America.

#93 People Watcher on 11.17.20 at 9:21 pm

Canada will see zero benefit from a commodity rise for the first time in history. Justin Trudeau has shuttered mining , manufacturing and energy. Canada is now a “ post industrial country”. Trudeau will have us enter a EU inspired socialist utopia and money will vanish as support is entirely a government affair. The “Great Reset” was announced, and if you don’t believe its happening in Canada, even if it happens no where else, ask Albertans when their jobs are coming back. In the immortal words of Obama “ those jobs are gone and they aren’t coming back”. Joe Biden swore adamantly that Canada would be a Green War Prize for his radical cadre, since he’ll make no headway on the green file with a reduced congressional margin and a beefed up senate. In order for Biden to win brownie points among the radicals, he will sacrifice Canada, as did Obama. Trudeau will do nothing, like he did before. Quebec is playing, why wouldn’t they? With no transfers from AB they are completely reliant on Trudeau to float the outrageous generosity of Quebec Libre. Why do you think they announced the “ Kill the Car” by 2035”? Trudeau will borrow for Quebec what AB no longer gives. If it comes down to it, the Great Reset will forgive Trudeaus mistakes.

I give up. – Garth

#94 Bill on 11.17.20 at 9:22 pm

This is why the comments section is a cesspool. There is no coordinated globalist reset conspiracy. Get a grip. And go away. – Garth

God I hope your right but here’s the issue…pretty bad track record for governments and their never ending incremental controls that never end.
FACT the disclaimers I sighed 15 years ago at my accounting firm VS today? 1 small paragraph is a couple pages now..They turned my guy into a rat pretty much.

So why the wacko speeches from Trudeau?
Maybe enlighten me on his exact stupid ass wording….
Why don’t they just spell it out rather then encrypting it?
Seriously…
Why is our idiot throwing money at the UN and others with a debt don’t matter attitude?

Maybe cut TurnerNation loose? Hes has somethings right but ya say jack there. Multiple conspiracy postings daily.
Your way to optimistic. Small companies going down like a brush fire blasting through.

#95 Loonie Doctor on 11.17.20 at 9:22 pm

We are feeling pretty lucky. The pandemic has been difficult from a work perspective and brutal from a health/social perspective. However, financially it has given us a number of opportunities that Garth has been talking about. We just closed the deal on our huge edge of the GTHA country estate. We didn’t make money, but we avoided losing (a feat on a property like that). Major since of relief – we now have low expenses and plenty of liquid assets. We stayed fully invested and rebalanced with bonds and leveraged a bit with our corp LOC in March. Portfolio has done great. Now we just locked in a new five year fixed rate mortgage on our current house (was paid for with cash since we majorly downsized and moved to a lower cost-of-living-better-lifestyle area a bit further north). My wife will invest all of the mortgage money paid to us in her taxable account and deduct the interest against her income. Income splitting.

My points are:
1) Garth, some of us listen to you – thanks for the advice over the years. Despite the crap described in yesterday’s post, this free blog is great value for the price. I come for the insight from you and your colleagues. The comment section is more for a read on the pulse of the public and often a good contrarian market indicator.
2) We have gotten into this enviable position by following the basic principles laid out on this blog for years. You can too.
-LD

#96 Linda on 11.17.20 at 9:26 pm

Here is hoping that the promise of a safe, viable vaccine & the end of the pandemic isn’t just words. To be fair, any pandemic woes have been minimal insofar as we are concerned. Worst thing is having to keep ones distance from family/friends.

Was looking at mortgage rates today. Good golly, one can get a 10 year fixed for under 3%. For those who may have taken on epic debt, might be wise to lock in for a 10 year term.

#97 Bill on 11.17.20 at 10:14 pm

Ill add to that.
Bernie’s a conspiracy pumping dude? Not likely.
What was and is disturbing to me is at the knuckle head debates the other ill say 3 clowns and I say that cause the 4th has his own country, have all socialist agendas / policies the presented. Going from stupid to downright scary. Like the main theme “steal from the rich and give to the poor” plan. Ya that will work…they tried that repeatedly in Europe…Guys like me will just cash up and flee. The idiots in charge have already ran billions in biz out of this country.
Just saying be vigilant and question everything, including T2s stupid speech….”Their opportunity to recreate the economy in their vision”…WTHell?
Last time I seen any government run a business or plan they blow it up.
My point this is all the same thing..same direction.
You’ll be happy now Garth my last post, your right the Inets a cesspool. I have zero other social media crap.
Thanks for letting me vent I feel a little better.
I still may call your firm but I’ve got 5 accounts now and couldn’t bare adding another.
7 digits in mine and that’s my backup. REs my front runner.
Cheers no offense..

#98 Steven on 11.17.20 at 10:16 pm

#90 Drinking

you wanted a link so I found one for you. I was wrong it’s 10 times. https://www.newscientist.com/article/2219927-us-green-economy-has-10-times-more-jobs-than-the-fossil-fuel-industry/

#99 Huh? on 11.17.20 at 10:17 pm

If I’m concerned and wary that vaccines were non-existent/ineffective for all corona viruses in the past 60 years and that now suddenly they’ve developed two or more in only 4-6 months for Covid 19 with absolutely no data in regards to their long term and widespread implications for a virus that most of us have a 99% of surviving (please forgive me if that sounds insensitive, sincerely), does that make me an anti-vaxxer?

I don’t believe or feel that I am, but I could be wrong.

#100 DON on 11.17.20 at 10:17 pm

#77 Vancouver in the Rearview on 11.17.20 at 8:22 pm
I think the idea that everything will be great in the spring is a bit optimistic.

First, we don’t have any peer reviewed data. We have two press releases on interim data. Interim analyses are bad science – studies are powered to detect a difference at a given point in time. While the results are promising, the hype is significant and we need to be patient to see what the final analysis is.

Second, we have no idea about the safety of these vaccines in the general population. The study populations are still small compared to seven billion people getting the vaccine. We are looking at mRNA technology that has never been deployed in any population, let alone the entire population. A rush to manufacturing the first polio vaccine (the Cutter Incident) in the 1950s caused 40,000 cases of polio, paralyzing 200, and killing ten. We need to proceed carefully.

Third, we have a major problem with vaccine hesitancy and we will need to convince people who already don’t trust vaccines to get vaccinated. This is far from a given.

Fourth, we also need to establish efficacy in sub-populations, like the elderly and the very young. Different dosing may be necessary depending on factors we don’t yet know about.

Fifth, we don’t know how long the effect of immunization will last, whether boosters are required, or whether it prevents asymptomatic transmission. Strategies to maintain population level immunity are critically important.

While I agree that this too shall pass, and that none of these questions are unresolvable, they will take time to answer and indeed, should be answered before we race to immunization. I take real issue with the politicians who are telling us that a vaccine is around the corner and everything will be back to normal. The evidence doesn’t support that conclusion yet.

***********

Well reasoned. Analysis takes time.

But the politicians and markets need optimism to keep order and momentum. In the meantime how long can people and businesses affected tread water? Better to release bits and pieces of good news every couple of weeks to quell the heightened anxiety.

A couple months ago some folks couldn’t see a 2nd wave as we headed into the damp cold moldy fall.

#101 DON on 11.17.20 at 10:23 pm

98 Huh? on 11.17.20 at 10:17 pm
If I’m concerned and wary that vaccines were non-existent/ineffective for all corona viruses in the past 60 years and that now suddenly they’ve developed two or more in only 4-6 months for Covid 19 with absolutely no data in regards to their long term and widespread implications for a virus that most of us have a 99% of surviving (please forgive me if that sounds insensitive, sincerely), does that make me an anti-vaxxer?

I don’t believe or feel that I am, but I could be wrong.

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

That would make you a rational critical thinker with a heart.

#102 Simon on 11.17.20 at 10:26 pm

Adding Tesla to the S&P 500 should be interesting in December.

#103 Rico on 11.17.20 at 10:28 pm

Garth, I completely agree with most of what you say….but just wondering if housing (freehold) in the downtown Toronto core (bounded by Bloor, DVP, Bathurst) follow the usual macroeconomics given the small and static supply?

#104 TurnerNation on 11.17.20 at 10:34 pm

#97 Bill on 11.17.20 at 10:14 pm I’m a
Capitalist Theorist, not a conspiracy theorist. Anything which impedes capitalism and my ability of enjoying life and earning and spending money, I post of.

Big picture guy. Sometimes I see it from 35,000 feet up but it’s too small to see what. Saw TONs before this hit.
Exactly what I did not know.

LOOK at the dates on these posts.
December 2019 until early March 2020. Well before the lockdown:
…………
#6 TurnerNation on 12.02.19 at 3:28 pm
As yourself what is the “economic justice” they speak of, what does this mean to your homes and capital gains. It is moving SO fast now into 2020-2021. Don’t listen to me just watch

#9 TurnerNation on 12.30.19 at 4:56 pm
2020-2021 we will face food shortages and rationing. Due to the government/UN’s actions. Remember from history that famines are always man-made

#6 TurnerNation on 01.12.20 at 2:20 pm
Things will speed up SO fast in 2020-2021 to roll out the plans. Nobody will come to your door and take away your property no. They’ll just take 5-10% of its value away in Tax each year, and empty home tax, land transfer tax, capital gains on sales taxes (stay tuned!), carbon taxes. In a down market this would prove fatal.

#33 TurnerNation on 01.26.20 at 5:54 pm
I’ve been pounding the table, that the 2020-2021 things will be moving SO fast. (I mean it’s not like there a global plan or something…I don’t leave even my breakfast to chance).

#11 TurnerNation on 02.25.20 at 5:08 pm
Been warning you guys, 2020-21 will be totally man made crises as we come fully under UN control.
There is a plan, a timeline and a masterful execution.

#38 TurnerNation on 03.08.20 at 5:14 pm
2020-21 utter chaos is planned.have I said to much…

#65 TurnerNation on 03.10.20 at 6:24 pm
Suspension of travel rights. Forced containment. Devestation of industry.
2020-21 I maintain there is a plan. Been rolling out since Jan.

#105 truefacts on 11.17.20 at 10:34 pm

Nonplused #63 “your right to liberty does not give you the right to infect me”

But what about people with difficulty breathing (asthma, etc)? Does Taleb’s right to feel “safe” supersede their right to breathe? If he’s worried about getting infected, he can just stay home – problem solved.

#106 Al on 11.17.20 at 10:38 pm

Someone forgot to tell the horny buyers in Durham Region. They are still lining up to buy homes at a 15% premium to list price

#107 Scott in Gibsons on 11.17.20 at 10:54 pm

Trump wins after election fraud is exposed. There, now you can’t claim to have never heard it.

#108 Ponzius Pilatus on 11.17.20 at 10:56 pm

#77 Vancouver in the Rearview on 11.17.20 at 8:22 pm
I think the idea that everything will be great in the spring is a bit optimistic.

First, we don’t have any peer reviewed data. We have two press releases on interim data. Interim analyses are bad science – studies are powered to detect a difference at a given point in time. While the results are promising, the hype is significant and we need to be patient to see what the final analysis is.

Second, we have no idea about the safety of these vaccines in the general population. The study populations are still small compared to seven billion people getting the vaccine. We are looking at mRNA technology that has never been deployed in any population, let alone the entire population. A rush to manufacturing the first polio vaccine (the Cutter Incident) in the 1950s caused 40,000 cases of polio, paralyzing 200, and killing ten. We need to proceed carefully.

Third, we have a major problem with vaccine hesitancy and we will need to convince people who already don’t trust vaccines to get vaccinated. This is far from a given.

Fourth, we also need to establish efficacy in sub-populations, like the elderly and the very young. Different dosing may be necessary depending on factors we don’t yet know about.

Fifth, we don’t know how long the effect of immunization will last, whether boosters are required, or whether it prevents asymptomatic transmission. Strategies to maintain population level immunity are critically important.

While I agree that this too shall pass, and that none of these questions are unresolvable, they will take time to answer and indeed, should be answered before we race to immunization. I take real issue with the politicians who are telling us that a vaccine is around the corner and everything will be back to normal. The evidence doesn’t support that conclusion yet.

***********

Well reasoned. Analysis takes time.

But the politicians and markets need optimism to keep order and momentum. In the meantime how long can people and businesses affected tread water? Better to release bits and pieces of good news every couple of weeks to quell the heightened anxiety.

A couple months ago some folks couldn’t see a 2nd wave as we headed into the damp cold moldy fall.
—————–
It’s always hard to debate with someone who does not disclose their sources.
As for myself, with regards to the virus I’ve always trusted the advise of Dr. Fauci and Dr. Henry.
They have not been perfect, nobody is.
But, overall their advise and forecasts have been pretty bang on.
It’s pretty uncanny how accurate Fauci’s forecasts were.
So, be careful where you get your information get from.
Remember, when you want some medical advise, you don’t go your local politician, especially if his name is Trump.

#109 Fortune faded on 11.17.20 at 11:00 pm

@#87 nice, that would be my code, written a few years ago for the greater fool community. Glad someone is finding it valuable. I used it a lot this summer to hide that annoying “stay away from my cottage” guy.
I have the code posts on GitHub, will post the link this week.

#110 SoggyShorts on 11.17.20 at 11:05 pm

#99 Huh? on 11.17.20 at 10:17 pm
If I’m concerned and wary that vaccines were non-existent/ineffective for all corona viruses in the past 60 years and that now suddenly they’ve developed two or more in only 4-6 months for Covid 19

*******************
The answer is technology+money=results
—————————

with absolutely no data in regards to their long term and widespread implications

******************************
That’s kinda how vaccines and herd immunity work though.
No one knew with 100% certainty what 25-30y later effects would be if you took smallpox or polio vaccines either since that takes…about 25-30 years.
The best that they can do is use life-years, so instead of studying the adverse effects (if any) on 1,000 people for 30 years, they do 30,000 people for 1 year.
——————————
for a virus that most of us have a 99% of surviving
*****************************
The chances of surviving the vaccine are likely far better than surviving Covid, so the choice should be pretty simple.

#111 cramar on 11.17.20 at 11:07 pm

The ultimate insanity from Trump-country South Dakota a few days ago. Too bazaar to believe if someone had told me. It does reinforce the idea that the polarization in the U.S. has gone past the tipping point.

It is mind boggling that after 4 years of Donald J. Trump in the White House, ten and a half million more people voted for him than did in 2016. Over 73.4 million Americans voted for more of the same!

Nurse says some patients deny COVID-19 is real, even as they die from it

https://wgnradio.com/news/nurse-says-some-patients-deny-covid-19-is-real-even-as-they-die-from-it/

#112 Al on 11.17.20 at 11:11 pm

The huge demand for homes in Durham Region must be because people like to receive the free iodine pills from the government to protect from a nuclear fiasco.

#113 willworkforpickles on 11.17.20 at 11:36 pm

The Great Reset is Urban Legend/Tabloid material.
It belongs in comic books and Mad Magazine.

#114 Barb on 11.17.20 at 11:38 pm

Can’t we all just–for ONE DAY–be positive and upbeat?

We’ve had 8 months of rotten virus and election news. Now there may be 2 vaccines…almost ready.

A virologist was interviewed on the radio this morning. He said the Moderna vaccine can be kept in a 4C fridge in the doctor’s office. Versus the Pfizer vaccine that needs to be kept at -70C.

Let’s regain our strength, smile and be positive about the future, if only because the last 8 months have been awful.

#115 PastThePeak on 11.17.20 at 11:46 pm

Moderna and Pfizer – both COVID-19 vaccines are based on mRNA technology.

Rather than rely upon virus fragments / proteins that are injected and could spur an immune response, they use mRNA that encodes proteins of SARS-CoV-2 and are meant to invade our cells, and have the cellular machinery read the mRNA to produce the proteins & then develop an immune response. Completely different to prior vaccines.

Supposedly mRNA vaccines have “hope” of being even better tech than before – more effective, etc. May trigger T-Cell as well as antibody response. However – they are new. The *very first* mRNA vaccines EVER being put forward for human use – are these ones.

Maybe they do work great (we all hope). But I have always been suspicious myself of “Tech 1.0”. Not an anti-vaxxer (I have lots of the old school ones)…but perhaps a bit of caution and less wild optimism is in order…

#116 SWL on 11.17.20 at 11:48 pm

I don’t want to contribute to the cesspool but do want to offer some food for thought…

Has humanity not proven time and time again that there are people who rise to power be it elected or in the shadows who like to torment, harm and do unimaginable things to fellow human beings. Most often these acts are embraced by the ones who have to carry them out as being for the greater good. Now wouldn’t one be extremely naive to not really question or dig a little deeper into what might be really going on

Talk from Mr Trudeau himself of Canada being the first Post National State to the Great Reset…

Many of these ‘crazy’ conspiracy theories will be proven truths over the next decade. It’s not like we haven’t been warned as most of what is to come is hidden in plane sight

#117 dgb on 11.18.20 at 12:33 am

to turner nation @#78
you ask ‘did I miss anything?’
yes.. you did….the door…it’s over there…bye

#118 dgb on 11.18.20 at 12:35 am

to turner nation @#78
you ask ‘did I miss anything?’
yes.. you did….the door…it’s over there…bye…and don’t come back soon eh!

#119 Surrey Boy on 11.18.20 at 12:36 am

…and, sadly, Drake to perform again.

Does this mean that we can expect to see Adele as well?

#120 People Watcher on 11.18.20 at 1:42 am

Garth, I don’t see how you can continue to deny the “globalist reset conspiracy” when in fact the conspirators have announced it , planned it, are zealously setting it in motion ? Do you think all those conspirators are just doing a coordinated stand up routine to amuse themselves? High and low, Trudeau, UN head, Green ghouls, and even royalty have obviously coordinated a grand conspiracy and have been arrogant enough to announce it reading off the same song sheet.

What’s “give up ” mean? Can one give up ? These globalists are going to do whatever we complacently allow them to do.

#121 Morrey on 11.18.20 at 1:50 am

#77 Vancouver in the Rearview

Well reasoned and written.

So refreshing to read well crafted sentences. Grammar is your friend!

Thanks!

#122 Planetgoofy on 11.18.20 at 1:53 am

#86 Steven on 11.17.20 at 8:50 pm
In the States right now there is 4-1 people employed in renewable energy than the oil industry. It is time to get on board.
———————————————-
1) Its a massively subsidized industry.
2) It takes a massive amount of fossil fuels to implement structures.
3) Because more people work in it than fossil fuels does not make it cost effective.
4) One word (storage) we would have to wait for the sun to shine and the wind to
keep blowing in order to operate. Have you made a piece of toast with a 2KW generator? Loads it right down just for a toaster!
5) another word (Climate) places need to be hospitable to incorporate these power
system designs. If it snows poof your solar is toast. Windmills have other issues.
Doesn’t work where I live in Canada west..
6) Lets watch everyone plug in their EV while running the dryer and making dinner
(That could be up to 9kw). The instantaneous current draw on the grid at these times is mind boggling.
If the suns down and no wind you collapse the grid when you plug in your car.
Battery storage is another story. They store energy in DC and need to rectify back to AC to the grid,
so energy loss in transition x 2, plus you need mountains of them and they have a limited life span. Soooo you once again have to mine millions of tons more earth to obtain the metals needed. More oil please.
https://www.wired.co.uk/article/lithium-batteries-environment-impact

There’s HUGE environmental impacts never mind the trillions$ with these green plans. It didn’t go well in Germany.
I’ts not viable yet, only in a subsidizing way in most regions. North Americans are energy pigs.
Hydrogen is the answer for small scale…not quite there. Nuclear works.

#123 Nonplused on 11.18.20 at 2:02 am

#92 Ponzius Pilatus on 11.17.20 at 9:20 pm
#56 Faron on 11.17.20 at 6:55 pm
#38 Nonplused on 11.17.20 at 6:14 pm

…and maybe clean up the election process a bit for next time…

There was nothing wrong with the election process other than Trump and Trumpers claiming that it was illegitimate. Department of Homeland Security said it was squeaky clean. Trump lied per usual. Get over it.
————–
Trump via Twitter fired the guy who headed the cyber security dpt responsible for the election.
He stated the other day that this was the most secure election ever.
That’s what you get for doing a good job in Trumps America.

———————————

Look I am really trying not to comment on things election related for now because I sense Garth doesn’t see it as a relevant topic to his blog, and Dec. 14th and Jan. 20th are not that far away. But anybody who thinks you can run something as large as the US election and have no fraud whatsoever doesn’t know people. We could be in for a big wake up call. But will it be enough to overturn the results? I think the odds of that are declining.

Dead people vote every time. Just not in numbers that affect the outcome. But those people who cast their dead relatives votes are committing fraud. One likely outcome of all of this is next time around there won’t be so many dead people on the voter roll. Or people who have moved. Or people who didn’t request ballots. The voter rolls are going to get cleaned up. The “custody” question with mail in ballots is going to get cleaned up. Someone is going to go through the code in the voting machines and the handling thereof. Will that change the election results? Again probably not. But I think the American people, especially the ones who voted for Trump, want assurances it is all working correctly.

Everything gets audited. Even the mob has people audit its’ accounts. A crook knows better than to trust another crook even if that crook is in his employ.

And it is truly astounding that the Democrats, well not all of them but a few big names, got to investigate “Russia Gate” for 4 years and found absolutely nothing but they are astounded that the Republicans might want a recount that will be resolved by Dec. 14th.

If you are sure that Biden won fair and square, nothing bad can come out of the recounts and audits. You have nothing to fear. And they may find a few things to “clean up”, which is what I meant.

#124 MDQ on 11.18.20 at 2:09 am

Never in human history we crushed a pandemic through vaccination.

This will have the effect of a ‘vaccine wave’, where things get out of control because the cure is around the corner..

Not to mention countries being at different phases of vaccination, so it’s not like the vaccine is here open the borders we are done.

#125 Nonplused on 11.18.20 at 2:23 am

PS. I think Canada’s voting system is much better. You have only one box you can go to, there is a list of registered voters there and you have to sign all sorts of forms if you ain’t on it, and you have to show id. Once you vote they cross your one and only name off the list so you cannot vote again. I’ve never even seen a voting machine in Canada. I’ve also never heard of observers being denied entry to polling stations in Canada. The last election, disappointing as it was that Trudeau won, there were no statistical discrepancies and it mostly went how one would expect. There were no 8-1 to 2-1 swings in what was happening in the online betting that night.

#126 Shannon on 11.18.20 at 3:18 am

Some of the Great Reset players. It’s not a globalist conspiracy, it’s a real dystopian coup ( opportunity) in the making. Can you imagine these nutbars at the helm? Oh right, some of them already are.

https://thehill.com/opinion/energy-environment/504499-introducing-the-great-reset-world-leaders-radical-plan-to

There is no reset, unless you believe Trump won the election and Covid is a hoax. – Garth

#127 Nonplused on 11.18.20 at 3:25 am

PPS Fraud.

So the Scouts are now facing over 82,000 cases of child abuse, or molestation, or sexual misconduct. Of course we also know about the Catholics but there will be more to come from other religions. Heck some of them condone it. I coached kids, but it was in the “don’t coach alone” era so no accusations could be made. But yet our club still faced terrible charges because some guy tried it anyway. A sports club simply cannot afford a multimillion dollar lawsuit. But creepy guys still do their creepiness anyway and put the whole club at risk. Those people simply do not care. Not about your kid, not about you or your wife, and not about the whole club or organisation. But they do vote.

If you think fraud is not possible, you don’t know people. And they will do much worse than stuff ballots. Watch who is being friendly with your kids.

The only way to stop fraud is to make it impossible.

#128 Trudi Woods on 11.18.20 at 4:01 am

maybe to all those sitting on a hoard of cash night share it with those in your community who really need it…or you can wait till the government does it for you…theres an old saying… I really have trouble sleeping at night knowing my neighbor can’t …Ive lost people I love to this so…my niece works in an overwhelmed hospital setting…I know this is a $ site but heads up …ya can’t take it with you.

#129 Bruce on 11.18.20 at 6:27 am

Yes!

#130 Elcheapo on 11.18.20 at 7:54 am

Yeah hey I’m with the other guys. Turner Nation, god bless you but you’re boring as sin. Take a week or two off sweetie.

#131 BillyBob on 11.18.20 at 8:40 am

Happened to note Garth’s Insta pic of a chunk of the Berlin wall in front of the Legion from some weeks ago.

Yesterday was “Struggle for Freedom and Democracy Day” here in the Czech Republic. Doesn’t exactly fall off the tongue easily, but how great is it that they have a day just to remember that freedom and democracy are never to be taken for granted. If any place knows about struggling against the evils of totalitarianism, from Nazis to Communism, well…

Canadians are so passive and complacent about their freedoms, that’s gonna catch up with you one day. It’s always a slow drip, not a flood. Already well under way.

#132 Brett in Calgary on 11.18.20 at 8:54 am

#54 TurnerNation on 11.17.20 at 6:53 pm

Closer to the truth than what CBC is telling you. He’s obviously to the extreme right on this, but he’s also correct in that we can’t stop the virus with any of the measures taken (i.e. lockdowns, masks). COVID is now endemic and is here to stay. A vaccine may help until the bug mutates, but we have to live with it now. Do folks realize there are more viruses living in and on you, than there are stars in the sky? We are talking 10^13 virus particles in/on your body. Think about that.

#133 Dharma Bum on 11.18.20 at 8:58 am

We went from normal to terrified to horny and back in record time. – Garth
——————————————————————–

That, and the chart that illustrates it, uncannily accurately describes my sex life.

Thank you.

#134 TurnerNation on 11.18.20 at 9:12 am

Take a week off? The UN-backed mayor of my prefecture city is set to introduce new “CV rules” which will further destroy small business. Take a week off? Why don’t you ask him to do the same.

There are two kinds of people: ones which get upset when you tell them lies; others get upset when you tell them the truth.

They are not taking a week of that’s for sure:

Per CBC:
Manitoba hires private security firm to crack down on COVID-19 rule breakers starting this weekend
https://archive.is/8brqz

Private security officers will crack down on rule breakers after shoppers crowded into big-box stores, where many bought non-essential goods during the first weekend of the province’s latest lockdown.
The province has hired security firm G4S Canada to boost its enforcement of COVID-19 regulations, and their personnel should be handing out tickets by this weekend, Premier Brian Pallister said Tuesday.

As of today (Nov. 18) you are restricted to a maximum of two (2) posts per day. I know it will be a burden so pack do many outrages, injustices, venal threats and dark thoughts into this format but, tough. You just hit today’s limit. You are now your own conspiracy control board. – Garth

#135 TurnerNation on 11.18.20 at 9:18 am

Some wags on here state ‘all wars are bankers wars.’
I maintain this is WW3;
Is this within Bank of Canada’s mandate?

https://www.bloomberg.com/news/articles/2020-11-17/macklem-urges-canadian-firms-to-step-up-urgency-on-climate-risks?srnd=premium-canada

#136 Huh? on 11.18.20 at 9:59 am

#110 SoggyShorts on 11.17.20 at 11:05 pm
#99 Huh? on 11.17.20 at 10:17 pm
If I’m concerned and wary that vaccines were non-existent/ineffective for all corona viruses in the past 60 years and that now suddenly they’ve developed two or more in only 4-6 months for Covid 19
*******************
The answer is technology+money=results…Naive statement. That means all forms of cancer should have been cured 40 years ago. Trillions invested in the modern technological age and “zilch” for the vast majority.
—————————

with absolutely no data in regards to their long term and widespread implications
******************************
That’s kinda how vaccines and herd immunity work though.
No one knew with 100% certainty what 25-30y later effects would be if you took smallpox or polio vaccines either since that takes…about 25-30 years.
The best that they can do is use life-years, so instead of studying the adverse effects (if any) on 1,000 people for 30 years, they do 30,000 people for 1 year…Only studied for 2 months at best and most adverse, sometimes deadly side effects take place in the 1st 18 months or less. Sometimes it takes far longer, mostly with our children (I have a 7 month old daughter) Please do some research.
——————————
for a virus that most of us have a 99% of surviving
*****************************
The chances of surviving the vaccine are likely far better than surviving Covid, so the choice should be pretty simple…LOL sorry, “far better” than 99%??? Recklessly speculative and illogical statement with zero data. Since you have such blind faith, please stick your arm out and those of your loved one’s out 1st and let us know how it works out. Cool?

———————————————————–
Please see above.
Dude seriously? We’re you drinking early today? Legitimate concerns, deserve legitimate and constructive answers. Next time just say, “I really have no clue” and leave it at that.

#137 belly rubs on 11.18.20 at 10:09 am

From somewhere in a 4000 hectare backyard… I can empathize, but I can’t really relate. Canada is a big place. A really, really big place. If you want your density, you can have your density and all the cooties that entails. Now I have to kick a bear out from under the porch. I will be using a flappy tarp and a bottle of cinnamon air freshener.

#128 Elcheapo on 11.18.20 at 7:54 am
Yeah hey I’m with the other guys. Turner Nation, god bless you but you’re boring as sin. Take a week or two off sweetie
….
I like Turner Nation. The dude offers twice the infotainment as the sycophants on CBC, Global, and CTV combined.

#138 willworkforpickles on 11.18.20 at 10:17 am

Lots of talk here lately of free speech, the great reset and multiple aliases.
As long as free speech is allowed in America this form of reset will remain tabloid material. The poster here sporting multiple aliases attempting to have it appear it is catching on is spreading illusion.

#139 Howard on 11.18.20 at 10:18 am

There is no reset, unless you believe Trump won the election and Covid is a hoax. – Garth

——————————–

Garth, the World Economic Forum has actually built a site called the Great Reset.

https://www.weforum.org/great-reset

The WEF has as much influence on your life as the Australian Red Cross. – Garth

#140 Dr V on 11.18.20 at 10:18 am

98 Stephen – the article notes how diffuse the measure of the green economy is. Please consider this in your claim. For example, all BC hydro employees can claim they are in renewable energy. The garbageman
can probably claim they are part of the green economy too.

#141 Michael Bruce Chase on 11.18.20 at 10:20 am

PollyAnna Turner. I think that more crap is on the horizon to scuttle your prophecy. But I hope that it won’t be as bad as the past 8 months.

#142 TurnerNation on 11.18.20 at 10:20 am

QUOTA

#143 TurnerNation on 11.18.20 at 10:22 am

Sorry Garth I just saw your reply. Ok Two per day see ya tomorrow :)
I use Real links where ever possible

#144 Chris L on 11.18.20 at 10:44 am

Great reset is real, if they can pull it off, is to be determined.

A complete & total myth. – Garth

#145 David Hawke on 11.18.20 at 10:44 am

#42 RussianBot on 11.17.20 at 6:25 pm
There will be no “return to normal”

Spot-on!

Only the rich will be able to afford to fly, only the huge multinational corporations will survive.

Oh my, I see TurnerNation is being rationed to two posts daily of the truth :( and the truth according to Max Bernier is being ridiculed :(

#146 Sky on 11.18.20 at 10:50 am

@ TurnerNation #134

From your link : Premier Brian Pallister said –

“You don’t have to believe in COVID, COVID already believes in you,”

Does this ring any alarm bells with anyone? How often in your life have you heard this:

‘ You don’t have to believe in God, God believes in you.’

#147 Steerage on 11.18.20 at 11:00 am

The crazies are replicating faster than the rona……need to be vaccinated.

#148 Narms on 11.18.20 at 11:05 am

As a young man trying to take control of my finances, it is not an exaggeration to say that your blog has been a game changer. This is the best free financial advice on the internet. Thank you Garth, I really do appreciate your efforts. Please keep the knowledge nuggets coming!

#149 Tommy on 11.18.20 at 11:39 am

Vancouver city council passed a motion to charge a levy on vehicles entering the downtown core of the city. And Canada’s own Rebel News has nothing to say about it, while bringing us daily updates from Melbourne, Australia.

#150 millmech on 11.18.20 at 11:42 am

Wow, foreigners have more rights than Canadians in our own country.
http://www.msn.com/en-ca/news/canada/majority-of-travellers-entering-canada-during-covid-19-given-ok-to-not-quarantine/ar-BB1b7KGm?ocid=msedgntp

#151 CanadianGrizzly on 11.18.20 at 11:52 am

RE: #126
“There is no reset, unless you believe Trump won the election and Covid is a hoax. – Garth”

Garth, how can you deny it? The World Economic Forum has published an very comprehensive agenda for “The Great Rest” outlining all aspects of the global economy it wants to “re-image”.

https://intelligence.weforum.org/topics/a1G0X000006OLciUAG?tab=publications

The WEF is a nothingburger. This is an urban myth. Do not fall for it. – Garth

#152 Jay on 11.18.20 at 11:52 am

https://calgaryherald.com/news/politics/john-ivison-the-liberal-mp-justin-trudeau-couldnt-control-memoir-reveals-final-angry-call-with-pm/wcm/0817fc5f-696c-4572-bbd6-ec0a64b5b497

Seems that Trudeau is just as guilty of the same leadership style that got Garth kicked out of the governing party. Oh but he’s progressive, they say while voting liberal over and over. Keep telling yourself that.

Im going on a hunger strike until Garth runs again.

#153 Phil Indablanque on 11.18.20 at 12:11 pm

Someone thinks that there’s a great reset in the making.

The Great Reset | World Economic Forum
https://www.weforum.org/great-reset/

Probably nothing.

Please tell us you are not so gullible. It’s disquieting. – Garth

#154 SoggyShorts on 11.18.20 at 12:49 pm

#99 Huh? on 11.17.20 at 10:17 pm
That means all forms of cancer should have been cured 40 years ago. Trillions invested in the modern technological age and “zilch” for the vast majority.
****************
Do you seriously think there’s been “zilch” for progress with cancer? Also, did we have the same technology 40 years ago as we do today? Does it hurt when you try to think?
————————————————–
#99 Huh? on 11.17.20 at 10:17 pm
LOL sorry, “far better” than 99%??? Recklessly speculative and illogical statement with zero data.

*******************************
30,000 tests zero deaths. What percentage is that?
Do you even math?
—————————–
—————————–
Your daughter should be super thankful that she’s too young to be home-schooled by you.

#155 SoggyShorts on 11.18.20 at 1:04 pm

#124 MDQ on 11.18.20 at 2:09 am
Never in human history we crushed a pandemic through vaccination.
********************
You don’t think maybe we can make progress?
Become more advanced? Invent I dunno…computers perhaps?

The first vaccine was done by taking fluid from infected blisters and injecting it into others.
Maybe we’ve gotten better at it since then? Maybe?

Nah. “We haven’t managed to do it before, therefore it’s impossible to ever do it.”

#156 SoggyShorts on 11.18.20 at 1:08 pm

#146 Sky on 11.18.20 at 10:50 am
@ TurnerNation #134

From your link : Premier Brian Pallister said –
“You don’t have to believe in COVID, COVID already believes in you,”
Does this ring any alarm bells with anyone? How often in your life have you heard this:
‘ You don’t have to believe in God, God believes in you.’

**************************
Actually, to sane people, it should sound like:
“The good thing about science is that it’s true whether or not you believe in it.”
― Neil deGrasse Tyson

#157 Captain Uppa on 11.18.20 at 1:10 pm

I will not partake in any of the foolish conspiracy theories that have riddled our society at a time when we need to focus on actual matters of importance.

Having said that, I am all for a green revolution. There will be some pain, but if planned properly, the transition can be done. No need to see economies die or Albertans go broke.

We need to heal our planet and we need governments to step up and help us make the required changes.

Change can be great, and in this case, change is absolutely necessary.

#158 Faron on 11.18.20 at 1:35 pm

#123 Nonplused on 11.18.20 at 2:02 am

#92 Ponzius Pilatus on 11.17.20 at 9:20 pm
#56 Faron on 11.17.20 at 6:55 pm
#38 Nonplused on 11.17.20 at 6:14 pm

But anybody who thinks you can run something as large as the US election and have no fraud whatsoever doesn’t know people. We could be in for a big wake up call. But will it be enough to overturn the results? I think the odds of that are declining.

Your heart is in the right place (demanding clear, free and fair elections) but your information base is highly skewed.

Is there fraud in any/all elections? Yes. Even in Canada. But time and time and time again, even through Trump’s own partisan election fraud investigation commission from 2017, it is revealed that any fraud amounted to zero influence in the outcome. His 3 million illegal votes was a complete and utter fabrication. The results of this election double check will show a few hundred bad votes. And some of those will be for Trump. The overall counts wont change much.

What disturbs me is that you hew so rigidly to the election fraud talking points that have been invented from whole cloth and been used by the right to suppress or discourage minority votes for centuries. It’s a system you don’t understand. Not the workings of it nor the historical context. You have just pulled a shallow sense of understanding from a select few media sources who have a strong inclination to keep Trump in power. It indicates that your discernment is poor.

This is disturbing because I take you to be a kind of reasonable every man. Suburb dweller. Seems like you have a good job. Family. You volunteer in your community. All the trappings that comprise a typical center right voter. Yet you are absorbing and relaying information that will be very effective in undermining democracy. You are the canary in the coal mine of effective disinformation. And you live in Canada. That is scary.

#159 Flop... on 11.18.20 at 1:37 pm

Green energy?

Well I ran the flip side to this article a few weeks ago showing how many countries have oil as their top export, now we see how many have it as their top import.

126 countries.

Green energy for me will be the day I’m allowed to put Mountain Dew in my gas tank because I forgot to fill up…

M46BC

“These Maps Show Every Country’s Most Valuable Import.

Oil and cars are the most common top imports around the world. Even for countries with well-established domestic oil production and car manufacturing industries, transportation is by far the single most common driver of international trade, according to our latest series of maps.”

*Oil is the most valuable top import for 126 countries around the world, making it by far the most popular.

*Cars are the top import for 32 countries, which is nowhere near as common as oil but still prevalent across much of the industrialized world.

*African countries are the true standouts in the world of top imports because they commonly bring in things like food and medicine from the rest of the world.

*Many countries have the same top imports and exports, making it clear how interdependent the global economy truly is.

https://howmuch.net/articles/top-import-around-the-world

#160 Bill on 11.18.20 at 1:45 pm

The WEF is a nothingburger. This is an urban myth. Do not fall for it. – Garth

Your opinion is respected and I listen. So why so many prominent peeps involved? Its EVRYWHERE
Next Blog? I won’t post.
TurnerNation hahahah worse than me by a long shot.
There some truths to most conspiracies…..So much disinfo.
Ill shut up now.

#161 Huh? on 11.18.20 at 1:47 pm

#154 SoggyShorts on 11.18.20 at 12:49 pm
progress with cancer? Also, did we have the same technology 40 years ago as we do today? Does it hurt when you try to think?
————————————————–
#99 Huh? on 11.17.20 at 10:17 pm
LOL sorry, “far better” than 99%??? Recklessly speculative and illogical statement with zero data.
*******************************
30,000 tests zero deaths. What percentage is that?
Do you even math?
—————————–
—————————–
Your daughter should be super thankful that she’s too young to be home-schooled by you.

————————

My last comment to you sir, a person that seriously lacks the ability to think clearly and stay on a conversation trail.

1. It is you that stated that science and money equals success and later in your “argument” much higher than 99% than most people’s immune system at that. Do we have anything resembling that with amazingly well funded cancer? A 5% survival rate from 2% for most deadly cancers isn’t remotely successful to the mentality sane, but let’s stay on point.

2. So if I point out that over 55 infected million people have survived corona virus thus far (nearly 98.5%), do I win? Zero deaths in perhaps 3 months out of out of 30,000 with only 90 of those people actual people actually testing positive for the virus dude. And only half actually received the received the vaccine and the other half a placebo. And this is actually if you take Pfizer and Moderna’s testing at face value. I’m mean did you actually read up on this???

The only thing my daughter needs to do is to steer away from your gene pool and she gains IQ points.

Again, when can we expect you and all your loved ones to line up for vaccines developed in roughly 90 days with zero recourse if you should fall gravely ill or worse should they end up being rolled out far too hastily? That’s right, Pfizer and any other drug company cannot be held accountable for vaccines gone terribly wrong and no FDA approval necessary.

Have a great Wednesday Garth and thanks as always.

#162 NSNG on 11.18.20 at 1:47 pm

#102 Simon on 11.17.20 at 10:26 pm

Adding Tesla to the S&P 500 should be interesting in December.

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

Especially since Teslas are known to crash and burn.

HAHA!

#163 #1KGBDisinfoBot on 11.18.20 at 2:02 pm

If the great reset is a myth why are leaders from Britain, , Australia, Canada and the United States all using the same buzzwords to “Build Back Better”?

People have been locked in their homes for a virus that only kills people in their 80s. Freedom of movement and association have been restricted. Protests have been violently shut down.

#164 Faron on 11.18.20 at 2:07 pm

#161 Huh? on 11.18.20 at 1:47 pm
#154 SoggyShorts on 11.18.20 at 12:49 pm

————————

My last comment to you sir, a person that seriously lacks the ability to think clearly and stay on a conversation trail.

Not my fight, but pretty laughable. SoggyShorts is one of the most cogent posters here.

#165 Faron on 11.18.20 at 2:25 pm

#150 millmech on 11.18.20 at 11:42 am

Wow, foreigners have more rights than Canadians in our own country.

Garth, I really feel for you when the trolls boil from the ground like worms after a spring thundershower. What the h-e-double-hockeysticks is going on today?

Millmech, two questions:

1. Where do you think your food comes from this time of year??? Do you really expect truck drivers who cross the border, maybe drive north for a couple hours, pull into a loading bay, wait to unload and then leave should be quarantined?

2. Are you quarantined RN? Your rights far surpass those of any visitor.

Man, the Trumpers are losing their stolen election narrative and must be looking for new, fertile ground to plant their seeds of conspiratorial angst. Just insane.

#166 JB on 11.18.20 at 2:30 pm

#111 cramar on 11.17.20 at 11:07 pm

The ultimate insanity from Trump-country South Dakota a few days ago. Too bazaar to believe if someone had told me. It does reinforce the idea that the polarization in the U.S. has gone past the tipping point.

It is mind boggling that after 4 years of Donald J. Trump in the White House, ten and a half million more people voted for him than did in 2016. Over 73.4 million Americans voted for more of the same!

Nurse says some patients deny COVID-19 is real, even as they die from it

https://wgnradio.com/news/nurse-says-some-patients-deny-covid-19-is-real-even-as-they-die-from-it/
………………………………………………………………
My wife is a nurse here in the city and she says any information from the White House makes the entire staff faculty cringe and sigh. :(
She said every single doctor is completely disgusted with the Trump administrations complete and blatant ignorance in this matter as it even transgresses across the border here. He is a the best Flim-Flan Man the United States has ever produced and in this country there is one born every minute that he will take advantage of. Stupid, ill-informed people. Amazing what ignorance will do to you.

#167 SoggyShorts on 11.18.20 at 2:33 pm

#161 Huh? on 11.18.20 at 1:47 pm
Again, when can we expect you and all your loved ones to line up for vaccines developed in roughly 90 days with zero recourse if you should fall gravely ill or worse should they end up being rolled out far too hastily?

*********************
Whenever it’s available, obviously.

#168 SWL on 11.18.20 at 2:43 pm

The truth is often stranger than fiction

#169 Atlantic bubble on 11.18.20 at 3:09 pm

https://nyti.ms/2UCuWcl

Nova scotia is the place to be!

#170 Steerage on 11.18.20 at 4:09 pm

#161 Huh? on 11.18.20 at 1:47 pm
#154 SoggyShorts on 11.18.20 at 12:49 pm
progress with cancer? Also, did we have the same technology 40 years ago as we do today? Does it hurt when you try to think?
————————————————–
#99 Huh? on 11.17.20 at 10:17 pm
LOL sorry, “far better” than 99%??? Recklessly speculative and illogical statement with zero data.
*******************************
30,000 tests zero deaths. What percentage is that?
Do you even math?
—————————–
—————————–
Your daughter should be super thankful that she’s too young to be home-schooled by you.

————————

My last comment to you sir, a person that seriously lacks the ability to think clearly and stay on a conversation trail.

1. It is you that stated that science and money equals success and later in your “argument” much higher than 99% than most people’s immune system at that. Do we have anything resembling that with amazingly well funded cancer? A 5% survival rate from 2% for most deadly cancers isn’t remotely successful to the mentality sane, but let’s stay on point.

2. So if I point out that over 55 infected million people have survived corona virus thus far (nearly 98.5%), do I win? Zero deaths in perhaps 3 months out of out of 30,000 with only 90 of those people actual people actually testing positive for the virus dude. And only half actually received the received the vaccine and the other half a placebo. And this is actually if you take Pfizer and Moderna’s testing at face value. I’m mean did you actually read up on this???

The only thing my daughter needs to do is to steer away from your gene pool and she gains IQ points.

Again, when can we expect you and all your loved ones to line up for vaccines developed in roughly 90 days with zero recourse if you should fall gravely ill or worse should they end up being rolled out far too hastily? That’s right, Pfizer and any other drug company cannot be held accountable for vaccines gone terribly wrong and no FDA approval necessary.

Have a great Wednesday Garth and thanks as always.

..
Thanks for making the line shorter …your service is much appreciated.

When the vaccinated health care folks take care of you or family/friends…… be sure and says thanks as well.

#171 cmj on 11.18.20 at 4:16 pm

Garth, I think certain bloggers are still not getting it. Their comments are pure garbage. Was it only 2 days ago that you expressed your frustration of these wingy comments??
I’m glad you limited TurnerNation to only 2 comments. (still too generous of you) The same limit should also be for others.

#172 belly rubs on 11.18.20 at 7:33 pm

#157 Captain Uppa on 11.18.20 at 1:10 pm
I will not partake in any of the foolish conspiracy theories that have riddled our society at a time when we need to focus on actual matters of importance.

Having said that, I am all for a green revolution. There will be some pain, but if planned properly, the transition can be done. No need to see economies die or Albertans go broke.

We need to heal our planet and we need governments to step up and help us make the required changes.

Change can be great, and in this case, change is absolutely necessary.

….

I don’t believe people have a clear idea of the sacrifices it takes to live really “green”. My back has about given out. I live on an “organic” vegetable farm 6 mos, and on an ecological reserve the other 6 mos. There is no plan…I am at the mercy of nature and the terrain. I whittled it down to about $300/mo to bring in what I dont make or grow, including internet. Start small—you dont need the government to tell you—just stop buying wasteful consumer goods and plant shade trees, pick up litter around waterways. Reduce. Share the stew pot. Stop investing in harmful industries. The habitat comes back pretty quick. Life is insurmountable. I have top saws, machetes, winches, brushcutters, just to stay ahead, there is so much greenery around here now. I make my own furniture and sell some. Nobody told me what to do. I didn’t even consider the government when I chose this lifestyle. I just liked living outdoors. Same with my neighbours. You can do it today, wherever you are, and inspire others with simple, calm, knowingness.

Signed, just another self righteous vegetarian eco nut living in the woods. I have to go…a squirrel broke into the attic. This time he gets the boot.

#173 Shannon on 11.18.20 at 10:39 pm

Garth, I agree with you’re ‘Great Reset’ Position. However, the problem is that Trudeau and his merry band of ghouls believe in it and are actively shutting down major industries in Canada to conform with it. Trudeau must think he’s the incarnation of a Russian Czar who as you know stumped over the bodies of millions of frozen peasants because he thought God had appointed him.

#174 willworkforpickles on 11.19.20 at 9:17 am

Trudeau’s propensity for being gullible enough to be a proponent of the great reset shows a deficit of original thought on his part and inability to run this country. Being in a position to set policy as he is plays on the minds of the people in this time of crisis where CT’s are as rampant as emotions run high.
This touch and go CT of a great reset will run its course though the minds and emotions of the gullible until enough clear thinking individuals can quell their fears and the great reset is relegated from the psyche of the common man.
Then its on to the next. Perhaps an alien integration with multiple tentacled monsters from the deep plotting to enslave all of humanity… not good for future RE values.