Bugenomics

It seemed weird that on the day the US Capitol was breached by a rag-tag but seriously scary mob of nutbars, delusionals, conspiracists and guys in furs and horns the stock market went up 400 points. Since then, a week ago, Mr. Market has hit even more record highs.

Here’s more weirdness. This is a global pandemic. Seventeen thousand Canadians are dead. Twenty million people are locked down. Things are getting worse and last month a steady improvement in employment was violently reversed, as 63,000 were punted. Small business is in a death spiral – and that’s the engine of job creation.

But, but, but. Personal finances have improved dramatically. Historically. Incredibly. Look at this:

  • The savings rate went from below 1% to above 25% during the health crisis, and has settled back at around 8%.
  • In the first nine months of the Year of Satan, 2020, disposable income ballooned by $100 billion while spending dropped $50 billion. Presto – $150 billion more in savings, of which two thirds sits in chequing accounts (earning nothing).
  • During the first six months of the pandemic, says StatsCan, household net worth swelled by $600 billion, in large part because of inflating real estate.

We also know the virus is widening the divide between the haves and the wants. Lower-income, service-oriented and essential-worker folks have been hardest hit by Covid. Tons of jobs have been sucked off in hospitality, travel, food service, tourism, entertainment and personal services. Meanwhile millions of white-collar WFHers have maintained their salaries, dropped their personal overhead and seen their real estate bloat, all while wearing sweats, buying puppies, showering occasionally and moving to Zoom Towns.

Okay, so what does this mean to the economy, markets, portfolios and society?

Lots. None of this is particularly fair, of course, and there’s an argument supporting the view that the attack on Congress is related to the feeling many working people have that the deck is stacked against them. And it is. Clearly. Those with salaried jobs, pensions and houses have actually benefitted from the slimy little pathogen. Others who are paid by the time worked, or are in trades, small businesses or have been trying to afford real estate are getting whacked. A giant legacy of Covid will be more social dissent, greater wealth and income disparity plus pissed-off people looking for a messiah. Hopefully a less flawed one.

For financial markets, this is all good. A chunk of that idle cash will fine its way into TFSAs, retirement savings and other investment vehicles. With corporate pensions in decline and inflation about to roar back, this is exactly what more Canadians need to do.

And the economy? Not so sure. Chrystia & The Boys have been counting on a storm of personal spending as the vax defeats the virus and pent-up demand is unleashed on car dealers, retailers, RV lots, hotels, malls and bars across the land. But a new Nik Nanos survey says three of four people plan on using the money Mr. Socks sent them, and from not having to commute, to pay down debt or save. Top priorities: 39% will trash debt; 37% will save; 13% will spend.

Hmm. Just folks lying to a pollster? Or does this accurately reflect intentions? It would be interesting to know where all the millionaires in the steerage section plan to throw their cash once the bug retreats. Save, invest or spend?

*    *    *

Here’s a follow-up on two hot topics.

First, to those who believe interest rates will never rise again and you’ll have a 1% mortgage forever… not so fast. US 10-year bonds (which ours follow) have jumped a quarter point in yield recently as the Dems won the Senate and the White House, guaranteeing more spending and inflation. This has the same effect as if the central bank had jacked its benchmark, and investors think there is another half point to come. That would equal three moves by the Fed – without the Fed moving at all.

We’ll say it again. Lock ‘er up.

Now, we can’t spend a single day without saying ‘Trump’ so here’s the latest: impeachment in the next few days, conviction later when the Senate flips, and 45 can never hold public office again while the Republicans lose their money machine. It’s a big deal.

“Corporate America is doing what the Politicians don’t have the stomach for,” says analyst Ed Pennock. “Right or wrong this is a new phase for both parties. It may further divide the country.”

Marriott, Blue Cross Blue Shield, and Commerce Bancshares — announced a suspension of donations to members of Congress who voted against election certification. Yesterday, the list expanded to Amazon, AT&T, Comcast, Airbnb, Mastercard, Verizon, and Dow, the chemical company. Hallmark has even asked for its money back from two of the senators who opposed certification, Josh Hawley and Roger Marshall.

Pausing all political spending: American Airlines (NASDAQ:AAL), Archer Daniels Midland (NYSE:ADM), BlackRock (NYSE:BLK), Boston Scientific (NYSE:BSX), BP (NYSE:BP), Charles Schwab (NYSE:SCHW), ConocoPhillips (NYSE:COP), Facebook (NASDAQ:FB), Google (GOOG, GOOGL), Kroger (NYSE:KR), Marathon Oil (NYSE:MRO), Microsoft (NASDAQ:MSFT), Union Pacific (NYSE:UNP), U.S. Bancorp (NYSE:USB) and UPS (NYSE:UPS).

Suspending donations to Republicans who objected to electoral votes specifically: Airbnb (NASDAQ:ABNB), Amazon (NASDAQ:AMZN), American Express (NYSE:AXP), AT&T (NYSE:T), Comcast (NASDAQ:CMCSA), Dow Inc. (NYSE:DOW), General Electric (NYSE:GE), Mastercard (NYSE:MA) and Verizon (NYSE:VZ).

Apparently fomenting revolution, lying about elections and seeking to disrupt the transfer of power has consequences. Who knew?

201 comments ↓

#1 TurnerNation on 01.12.21 at 3:41 pm

This pathetic weblog has been deplatforming miscreant blog dogs for decades. Eat your heart out Twitter, FB ;-)

– #112 the Jaguar on 01.12.21 at 9:01 am – shutting down pipelines, crippling airport fuel supplies? When will people realize that this is WAR. That’s an act of war. We are in global WW3 and the main attack is on our transportation routes and rights.
The biggest conspiracy theory these days is that you still have a functional immune system.

– The Government has already ranked you as Essential (to the New System) or NON Essential.
If the latter you are NO LONGER allowed to earn your usual living. Your choices are: take the Maximum Wages of $15 (UBI, coming soon) or work for a globalist company say Uber Eats or an Amazon warehouse.

– We have war terms being used: Frontline workers. Armed with shields, masks, guns (spray guns), gloves. To to battle against the enemy, that is the middle class shoppers.

– I’d suggested months ago that Skydome and other arenas are being kept closed, sports teams barred from our country to become mass needle sites. Our elites play the Long Game:

Disneyland to become “super” COVID-19 mass-vaccination site
JANUARY 12, 2021 / 9:38 AM / CBS NEWS

…..
What does a global locked down Tecnocracy look like? See these local CANADIAN companys’ public press release – these technologies once installed are not to go away :

– One TSX company already has the contracts and installed real-time body temperature sensing camera in USA school busses. Yes, a 20 millisecond scan is all it takes. If you fail the A.I. your child we will kicked to the curb in the morning. You will have to leave work and come and get them.

MRTX.TO – Matrix is supplying employee bluetooth collars(!) and wristbands to companies like Air Canada, construction companies. Total tracking and it will buzz and record your every CV infraction. Grounds for a firing?

FD.TO – Facedrive has the same but for its Food Delivery Drivers, with a real-time body temperature checker. You will no tbe allowed to work or transact commerce unless you have the mark from the A.I. system

DFLY.TO – Drrganfly has drones/robots to monitor you.

“.. implement Draganfly’s Vital Intelligence technology into its autonomous security robots and embedded applications.
The technology implemented by Draganfly can measure key vital signs. The system uses an advanced microcontroller to perform sophisticated image processing in real time, while consuming less than 50W of electrical power. Despite its small size and power consumption, this fully featured system has a web-based API that works seamlessly with Knightscope’s in autonomous operating platform.
The system is made in the USA adhering to required security protocols and follows FDA approved processes.
“This technology will enable real-time vital sign screening which has become a critical component in providing our clients with a comprehensive public safety solution’” said William Santana Li, Chairman and CEO of Knightscope. “We chose Draganfly’s because of their commitment to providing the best, most secure and accurate vital signs screening available.””

#2 Amok on 01.12.21 at 3:45 pm

Perhaps the House of Congress should no longer contain representatives from state districts, but instead a representative from each of the top 500 corporations in the America. How they behave and vote in regards to social and economic bills put forth will have an effect of the company itself. This would do away with the entire lobby industry.
Senators could be directly elected by the people, 2 for every state + 1 for every 6 million people residing in the state, to make representation more equitable.
President can be elected by popular vote – do away with the electoral college.

I jest of course, but something has to change down there. It’s a system from the 1700’s. She’s an old girl! She could use a nip and a tuck and a fresh wardrobe ;)

#3 Sail away on 01.12.21 at 3:48 pm

“It would be interesting to know where all the millionaires in the steerage section plan to throw their cash once the bug retreats. Save, invest or spend?”

————-

Sure, I’ll play.

Spending: years ago, I gave my wife a small porcelain ginger grater in the shape of a halibut. It broke. She really liked it and has always bemoaned its loss. Fortuitously, one just appeared on Ebay and her birthday approacheth. Bidding started at $6 but ‘buy it now’ was $7.75. I pulled the trigger at the expensive price, because, heck- she’s worth it!

Doing our part for the liquid economy!

Save? Not consciously. Dividends pile up too fast as it is. Always needing to put them somewhere. Such hardship.

Invest: Of course. Constantly.

#4 Erick on 01.12.21 at 3:48 pm

You usually say that things are not different this time, we are not special, and everything gets back to normal eventually.
However, what if not ? What if things don’t get back to normal, at least to some extent.
I would be very interested by at least one post where you would consider disruptive scenarios where things don’t get back (fully) to normal: interests rates in the ditch for a long time, high unemployment rate for years, mild economic recovery, housing market and / or stock market implosion, a major country defaulting on its debt, etc.

#5 BlogDog123 on 01.12.21 at 3:48 pm

Trumpism will live on in the dark web…

Conspiracy theories, tinfoil hats, rambling falsehoods all make good entertainment for the disgruntled…

47-70 something male, big duck-dynasty beard, hunkered down in mother’s basement, jobless, listening to the same fear mongering ‘bros’ echo-chamber…

Time to join a militia and ‘set things right’ for ‘merica !!!

#6 Flop... on 01.12.21 at 3:52 pm

As this blog runs on batteries.

“Two of the worlds biggest batteries worth a combined $1bn will be built at the sites of NSW coal plants in a move to ease strains in the power grid and provide back-up for renewable energy generation”

Toyota Australia returns 18 million in COVID emergency funds it turns out they didn’t need.

A billion dollars for two batteries, no wonder business is brisk at the local dollar store…

M46BC

#7 R on 01.12.21 at 3:53 pm

A big concern of the Capital invasion is the theft of personal laptops . This is not talked about much, but can be serious, perhaps one of the real motivators for the breakin. The USA spends $750 billion annually on defence, and the bastion of power is over run in about two hours by members of Duck Dynasty

#8 Shirl Clarts on 01.12.21 at 3:55 pm

For financial markets, this is all good. A chunk of that idle cash will find its way into TFSAs, retirement savings and other investment vehicles.
^^^^^^^^^^^^^^^^^^^^
Indeed. Premier Horgan gave us a $1000 chunk that we didn’t need. The whole chunk went straight into the TFSA. Not the HISA kind, the web broker kind.

Now, what to buy… what to buy.

#9 KNOW IT ALL on 01.12.21 at 3:57 pm

2020

Please comeback…. we promise we will wear our masks, sanitize everything, and social distance until the BUG goes away.

#10 SW on 01.12.21 at 3:59 pm

I’m still spending. Pretty well in my very small town. Many businesses here are doing well, a new gift and flower shop has opened in the local Hardware store.
They’ve got ovaries, those people, investing in a pandemic!
Buy some flowers for the ladies in your life!

#11 crowdedelevatorfartz on 01.12.21 at 4:01 pm

Fartz plans on buying property in the future ( 1 – 2 years) but for now…….is “all in” on a B& D portfolio.

Good to see the “big boys” are spanking the Republican Party for it’s Trump pandering….. long overdue.

#12 Matte454 on 01.12.21 at 4:03 pm

Answering your question what millionaires are going to spend on… I’m going to continue to be cheap, resume vacationing at low cost resorts in the sun, keep up with maintaining the cars and house but nothing big. Everything is a ripoff these days and watching my portfolio grow is more fun!

#13 Stone on 01.12.21 at 4:08 pm

Save, invest or spend?

———

Duh! Invest, of course.

My B&D currently sits at 2.97% YTD. All that for 7 business days of 2021. Insane!

#14 Bguy1 on 01.12.21 at 4:08 pm

You sure about that conviction in the senate?

#15 Dolce Vita on 01.12.21 at 4:14 pm

Year of Satan’s Spawn, 2021

Good News

As you may or may not know just before lunch EST Gov Canada announced they will purchase 20M more doses from Pfizer. So contracts so far of those actually delivering, in doses:

• Pfizer 20 → 40M
• Moderna 40M (option for more turned down)

or 40M people can be vaccinated…lots of breathing room*. At 75% herd immunity, all that is needed is 23,974,943 (15 yrs or older).

No additional Moderna since Gov Canada thinks they will be unable to deliver in quantities to meet Trudeau’s “all vax’d by end of September”.

Problem is with Pfizer and cryo storage, people have to go to the vaccine and not the vaccine to where the people are.

Politically, ball back in the Province’s court to up vaccination rates.

By the end of this coming Saturday (End of Wk 2 2021), Canada needs to have vaccinated this many people cumulatively, to vaccinate 75% of the herd NOT 100%:

1,229,484……End of Sept. 2021 goal
922,113………End of 2021 goal

Today, total vax’d in Canada:

329,774 doses, or

164,887 people

Clearly at this rate Trudeau’s “by end of Sept. all vax’d” a pipe dream for now. Canada has had the Luck of the Irish during Covid so hopefully it can pick up the pace of vaccination, a lot.

——————————-

*The only other thing that can go wrong is that herd immunity is not at 75% but some obscenely high number of 95% as is for measles.

Hope not.

This Sunday I will post the End of week 2 VAX Scorecard.

#16 Penny Henny on 01.12.21 at 4:15 pm

Save, invest or spend?

///////////////
I’m retired and did not receive any Sock money (I got money in a sock though) so my spending has changed little. There has been less visits to the pub and no vacation in just over a year so those things will return to previous levels when allowed.

I’m thinking of donating some money so Dolce Vita can retake grade nine math and get some manners.

#17 Dogman01 on 01.12.21 at 4:15 pm

Great article with a non North American MSM spin regarding the unpleasantness in the USA.

“The U.S. is a country so comfortable it has forgotten what “sedition” actually is.”

Donald Trump – “He has been repudiated by several influential leaders of his own party. He has lost re-election and all his attempts to overturn the result have failed. His party has been rewarded for its embrace of populism with the loss of not just the White House but also of both chambers of the legislature. And Trump himself has been cornered into conceding defeat. That is what you might objectively call a drubbing.”

https://www.japantimes.co.jp/opinion/2021/01/10/commentary/world-commentary/world-shouldnt-laugh-u-s-soon/

– those with TDS could not have hoped for a better end.

#18 mattbg on 01.12.21 at 4:16 pm

On the other side of the ocean, you have governments like Germany and France criticizing Twitter for turning off Donald Trump’s account and saying that this is exactly why they need to be regulated. Their position is that it should be the people and not corporations deciding who we do and do not hear from.

Imagine that – Europe is more for free speech than the US.

I know it’s more complicated than that, and it should be no secret that many if not most governments have companies making their decisions as donors already, but the juxtaposition is interesting. Corporations being overt about their political power is novel to me.

#19 Prince Polo on 01.12.21 at 4:17 pm

https://m.youtube.com/watch?v=MEVTnC0Hky0#

#20 Hawk on 01.12.21 at 4:23 pm

Daily food for thought.

Facebook locks out Ron Paul mistakenly shortly after Dr. Paul criticized tech giants for curbing free speech. The interesting thing is that somehow technical glitches and mistakes only affect non-liberal voices, even though these are far fewer as a % of the total population.

The following brilliant guy is really worth listening to, he lays out a vision having seen the entire world firsthand since a young age.

https://www.youtube.com/watch?v=LGiB0Pi2nog

#21 Pete from St. Cesaire on 01.12.21 at 4:25 pm

Now Ontario is imposing a curfew and further restrictions.
We can’t continue to sacrifice society under the ruse of saving the health-care system.
Sacrificing society is exactly what is happening now. We are sacrificing the elderly’s golden years all in the name of saving them from that which according to the government’s own numbers has a 99.9% survival rate. We’re sacrificing our children by destroying their formative years. We’re sacrificing our young people’s lives by interfering with their ability to start a family or meet a spouse. We’re sacrificing everyone’s life in the name of saving the medicare system.
The suicide rate is up sharply, and the full economic destruction hasn’t even started to be realized yet.
Children are talking about suicide all the time. A story in the newspaper said that 25% of teenagers reported having contemplated suicide in the past month.
The elderly, especially those in care homes, are being reduced to nothing but a shell of their former selves all under the pretense of ‘saving granny’.
Working people are losing everything that they have spent their lifetime building. The resulting collapsed economy is going to rob all retired people of their savings and the retirement that they’ve dreamt of, strived towards and saved for will be nothing more than a distant memory.

People are being allowed to die due to the medical system shutdowns; over the past months there have been countless unnecessary deaths due to the stoppage of all surgeries, treatments and testing. The emergency rooms sit empty as people have been made to be too afraid to seek help when they most need it.

A nation is more than just it’s medical system although, in this country, people don’t seem to realize this fact. A nation is it’s people, and at this time our people are being sacrificed under the guise of saving the medical system as if the medical system is all that matters.
Day after day all we hear is that society must shut down to prevent the medical system from becoming overloaded, although in the past that never seemed to be a concern of the politicians since there was always plenty of money for wars and foreign aid and graft while everyone was fully aware that the medical system was stretched beyond the breaking point. Even now, after the government has spent billions (most of which is unaccounted for and we aren’t allowed to ask about) there has been no improvement in services nor have any new facilities been built.
It’s come to the point where the people need to say “to hell with the medical system, if it collapses, so be it. A closed-down medical system serves no purpose anyway”.
It’s ironic that the old adage of “the needs of the many outweigh the needs of the few” is being used to justify lockdowns and curfews when in reality these measures are destroying the whole of society in a vain attempt to save the supposed 0.01% who are deemed to be at risk.

Seventeen thousand Canadians have died in 10 months. This is not inconsequential. Stop moaning. – Garth

#22 Keen Reader on 01.12.21 at 4:27 pm

Still very much enjoying the cockpit views and training ex-airline colleagues, so any extra cash is mostly invested, with some dry powder ready to pounce. Definitely lots of pent-up travelling plans however, so my wife and I will no doubt use up funds as soon as reasonable to vacay abroad. Gotta help the airlines, but low ROI for Mr Socks, unfortunately!

#23 Phylis on 01.12.21 at 4:28 pm

Quite a bump in the xut monthly distribution (x5). Looking for an explanation, couldn’t find one. I’m thinking it’s a roc from the brookfield shuffle. Any thoughts out there?

#24 Doug t on 01.12.21 at 4:29 pm

Next five years = nothing good

The U.S. is in free fall and China knows it
The current pandemic will set the stage for a “new and improved” pandemic to maintain and grow TPTB control over society
Food and water become political pawns
Big Brother and AI expand their tentacles into all aspects of life
Crypto currency full on
Small business become dinosaurs
Canada goes into depression

Cheers

#25 Hawk on 01.12.21 at 4:30 pm

#18 mattbg on 01.12.21 at 4:16 pm

We left TDS a 100 miles in the rearview mirror dude………now they are picking on Ron Paul, the single most honest, brilliant and scrupulous political figure in N. America, with a proven voting record of 95% match with all positions he has taken over many decades.

And yup Europe and most of the world is now freer than us.

#26 Dolce Vita on 01.12.21 at 4:31 pm

Year of Satan’s Spawn, 2021

Re: Herd Immunity

All eyes on Israel.

They have vax’d 10.71% of their population. New cases continue to soar there so we know 10.71% is not the herd immunity number:

Doses per 100 people to date, again divide by 2 for people:

https://i.imgur.com/0WAHoEH.png

Israel new cases:

https://i.imgur.com/wn86skZ.png

——————-

Watching them closely and hoping % herd immunity is some obscenely low number, well, it’s higher than 10.71%…you know, like 12% would be nice. Trudeau has his pipe dreams, I have mine. I like mine better.

All things per capita, if you think Israel is bad have a gander at some of the smaller EU nations vs. Israel + UK, Canada for effect:

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

[I take back my prior Luck of the Irish comment & it can always get worse Canada]

#27 Catalyst on 01.12.21 at 4:36 pm

There’s a reason they donate to these guys…because it works. Everything these days just seems like a PR stunt for cancel culture or something and who is going to follow-up on this and report back in 6 months and would anybody care at that point?

Additionally, if true, it gives more power to the silent billionaires driving the agenda like soros, beezos, koch, murdoch etc. showing dark money through pacs and ‘charity’ organizations.

#28 jess on 01.12.21 at 4:38 pm

the political rhetoric …”trump being trump”
kicking the can

…more republicans will be outraged and distance themselves from the republican party and become independents . As donald jr. called it :”Donald Trumps Republican Party”

Trump forms a new party called ,,,? Likely it will contain the word free in it.

A slush fund will awaits any republican who votes to impeach but is afraid of being primaried down the road or retire as more have a greater fear of the lunatics.

If Trump is against “anti-fascism,” then what is he for? …
History instructs giving in to fascists doesn’t pacify them, it just encourages them to go further.

https://nymag.com/intelligencer/2021/01/capitol-riot-senior-trump-official-calls-him-a-fascist.html

#29 Oakville Rocks! on 01.12.21 at 4:42 pm

And if things were not bad enough for Trump / Republicans – Sheldon Adelson has passed.

Not saying I am a millionaire but what is wrong with doing all three.

Our business will be spending some money this year upgrading computers/servers/phones for the last push before we retire and shut it all down in 10 years or so.

#30 OK, Doomer on 01.12.21 at 4:44 pm

Or the list of Trump Blacklisting corporations just might be more scared of the FAANGs than anything else.

They all saw what just happened to Parler and want to make sure it doesn’t happen to them.

Big Fear is the greatest motivator of all, and they sure weren’t scared of Trump for the past four years. But they’re running scared now.

It looks to me like the FAANG-Democrat coalition has them quaking in their boots, so it’s time for some serious Virtue Signaling.

#31 gfd on 01.12.21 at 4:45 pm

Starbucks to close up to 300 stores in Canada by end of March. By Staff The Canadian Press. Posted January 12, 2021

#32 cramar on 01.12.21 at 4:46 pm

For what it’s worth, if and when Covid is waining and normality returns, I think TRAVEL (as in international) will be where a lot of savings will go. A lot of Boomers want to travel again and more so, since we are not getting any younger, and who knows when the next virus will hit. This might be the last window for Boomers.

Also, if there is some semblance of normal by next winter, massive numbers will want to go south. Many missed out this year, plus others don’t want to hang out here again after this winter of fear. It’s a mental health issue. The rallying cry will be “Let me outta here!”

So, since a lot of travel money will be spent outside of the country, this doesn’t help the Canadian economy too much.

#33 gfd on 01.12.21 at 4:49 pm

Ontario declares 2nd state of emergency, issues stay-at-home order
Read in Global News: https://apple.news/AGL8-KNKwSE-0AmIsvpwo3A

#34 Flop... on 01.12.21 at 4:50 pm

#11 crowdedelevatorfartz on 01.12.21 at 4:01 pm

Fartz plans on buying property in the future ( 1 – 2 years) but for now…….is “all in” on a B& D portfolio.

——————————

Crowdie, I stumbled upon this place the other day.

10 minutes by boat from Deep Cove.

299k.

A couple more years of Crazytown, and you might be ready for something like this.

No road in can help or hinder, depends on what you’re into.

I think you already got the beans and bumwad stockpile thing down pat, don’t you…

M46BC

—————————–

“It’s time to buy a seaside cottage surrounded by wilderness! This is a sweet project with beautiful ocean views and lovely sun exposure just a quick 10 minute boat ride from Deep Cove. The home offers rustic charm with large inviting living room and a sweet loft upstairs. Tons of potential here to take this property to the next level with your creativity. This cottage has good vibes only and offers an opportunity to live out your dreams in nature as a full time residence or an easily accessible weekend getaway! This is a share purchase sale (1 of 22 shares) of Brighton Beach Properties LTD and includes one dock slip on site. Strictly water access only property with no roads leading to the property!”

https://www.realestatenorthshore.com/listing/kEm2Q77/18-brighton-beach/

#35 Robert the 4th on 01.12.21 at 4:56 pm

DELETED

#36 Handsome Ned on 01.12.21 at 4:56 pm

#31 gfd

Starbucks to close 300 stores in Canada

You mean all those people that obtained Bachelor of Arts degrees wasted their time!

#37 jess on 01.12.21 at 4:58 pm

Sherwin added, “The gamut of cases and criminal conduct we’re looking at is really mind-blowing.”

He said that what he called a “strike force” has been formed to build sedition and conspiracy cases against some suspects.

Last week’s storming of the U.S. Capitol by a pro-Trump mob has already resulted in charges against 70 people, according to the acting U.S. Attorney for Washington D.C., who said he expects the number “will grow into the hundreds.”

In the first public briefing by the Justice Department and the FBI since last Wednesday’s riot, acting U.S. attorney Michael Sherwin and the director of the FBI Washington field office Steven D’Antuono outlined what Sherwin called a long-term investigation.

“Everyone is in for the long haul,” Sherwin said.

He said his office has already opened 170 subject files of people who potentially committed crimes in the Capitol or on Capitol grounds.

#38 Freedom First on 01.12.21 at 4:58 pm

#1 TurnerNation

You do a very good job of posting the truth, despite the ongoing flak you get from the people who live in the dark.

Keep on shining THE light on what is done in the dark. Well done! Fan #3.

#39 TurnerNation on 01.12.21 at 4:58 pm

Correction the Matrix symbol is MTRX.TO.

So much going on here. If only there was a roadmap for what our global rulers are up to. Hey, this was released in early 2020; the plan for the New System.

https://assets.weforum.org/tout/image/gMCt-qxKVOl2um_AkjlExuo-67uSgh1cBhPzp-1Pu0g.PNG

What’s this:

https://commonpass.org/

The Commons Project, The World Economic Forum and a broad coalition of public and private partners are collaborating to launch CommonPass, a trusted, globally-interoperable platform for people to document their COVID-19 status (health declarations / PCR tests / vaccinations) to satisfy country entry requirements, while protecting their health data privacy.

#40 theoryAndPractice on 01.12.21 at 5:02 pm

You can walk the dog but nothing else, Hey Felix what do say to this ?

https://www.bbc.com/news/world-us-canada-55631198

‘A couple in Canada have been fined for breaking Covid curfew rules after the woman was caught “walking” her husband on a leash, according to local media. ‘

#41 Soviet Capitalist on 01.12.21 at 5:02 pm

Not here to argue, just trying to understand the situation objectively.

There is one side claiming there has been no fraud and there is no proof of fraud and there is another side claiming the following as proof:
1. More people voting than registered voters
2. Video showing republican observers not allowed to monitor election process
3. Video showing a suspicious box-like thing with ballots being pulled from an apparently hidden location
4. An apparently signed letter from an employee from an Italian company (Leonardo sPa?) that was used as a testimony in Italy to claim voting machines in USA have been altered for switching votes to Bidden.
5. Some other videos of different people claiming they were ordered to commit voting fraud.
6. Illegally counting votes sent after the election day

Garth, I know you hate Trump, but can you help me, please, by sharing your interpretation of above claims of proof?
Are they all made up?

Yes. – Garth

#42 Bill zufelt on 01.12.21 at 5:02 pm

Looks like interest rates are going to get chopped down closer to zero next week in Canada.January economic numbers will be brutal and February will be even worse.Just can’t see interest rates going up for 3 years minimum and even then they may eventually reverse and go negative.Covid will have an effect on the economy for 10-20 years.A Dow Jones index that has roared back 80% in 9 months looks pretty frothy too so 2021 may see a loss on that market.The Nasdaq could certainly see a real blood bath scenario.

#43 Billy Buoy on 01.12.21 at 5:02 pm

10 yr yield knocked down AGAIN and the Fed will NEVER ALLOW IT TO CROSS 1.75% in our lifeimes.

Rising interest rates? Ha Ha ha.

Please.

#44 The real Kip (Ret) on 01.12.21 at 5:04 pm

“Save, invest or spend?”

I plan to save and then spend but only if I can pay cash. If I can write a cheque for it then I can afford it.

#45 S.Bby on 01.12.21 at 5:05 pm

China is poised to overtake the USA as the world’s largest economy by 2030. I don’t think things are going to be that good.

#46 GAV on 01.12.21 at 5:08 pm

Don’t count on the VAX coming to the rescue in Canada soon.

Canadians have been sucked into believing a pre-order of 400 million doses means they will arrive in a timely manner. Not quite.

The USA will be years ahead of us and will actually decline opening up the border with us.

There will be an election call soon to cover up the incompetence. Canadians, and their Bloggers have nothing to brag about.

#47 Eco Capitalist on 01.12.21 at 5:14 pm

Save, invest or spend?

I’m part of that white collar WFH cohort, so no CERB cash here. Vacations and eating out went away with the pandemic, but my spending hasn’t changed otherwise. When they finally let us out, I don’t see that spending returning at the same level. I’ll be investing more!

#48 wallflower on 01.12.21 at 5:15 pm

“Twenty million people are locked down.”

I do not know what this means; so many I know have not changed their social habits. (And now we know that the rules breakers are everywhere!)

#49 WORK FROM HOME! on 01.12.21 at 5:28 pm

Here we go again.

and you thought 2021 was going to be so forgiving.

HaHa.

#50 Dogman01 on 01.12.21 at 5:28 pm

45% of Republicans supported the break-in, while just 2% of Democrats did, according to a YouGov poll

“If we owe Donald Trump anything, we owe him the fact that he revealed how large and how dissatisfied that group of people were,”

https://ca.finance.yahoo.com/news/unity-will-come-when-people-feel-it-in-their-pockets-former-citigroup-chairman-153732015.html

“China” Joe Biden; more of the last 30 year trends dressed up in a caring Grandpa image. (a kinder gentler machine gun hand). By 2024 the tensions will be so much greater, more Globalism, more identity politics, more trickle up economics, more China.

“Open for business like a cheap bordello”

We have this fantasy that our interests and the interests of the super rich are the same, like somehow the rich will eventually get so full that they’ll explode, and the candy will rain down on the rest of us, like they’re some sort of pinata of benevolence. But here’s the thing about a pinata, it doesn’t open on it’s own, you have to beat it with a stick. – Bill Maher

#51 cmj on 01.12.21 at 5:32 pm

Yes, who knew….Money talks and I support the companies who have withheld or withdrawn their financial donations for those members of congress who voted against election certification.
My concern is further backlash with another violent uprise of these delusional supporters before or on inauguration day

#52 Faron on 01.12.21 at 5:32 pm

#23 Phylis:

This from Blackrock:

At least once each year, the Fund will distribute all net taxable income to investors. These distributions will either be paid in cash or reinvested in the Fund, as may be determined by BlackRock Asset Management Canada Limited from time to time. These distributions will consist primarily of distributions received from the securities held within the Fund less Fund expenses, plus any realized capital gains generated from securities transactions within the Fund.

#53 Matsebula on 01.12.21 at 5:37 pm

Garth, I get why these companies are doing this. However, it is, in my opinion, somewhat rich for them to act more Catholic than the Pope now when in the past their political contributions in some cases have been made with rent-seeking motives that again in some cases have succeeded quite handily. In those cases, they hold their nose and don’t want to know what the inside of the sausage machine smells like.

The crazy part is that in the main, these contributions were made well before any of this came to pass. Companies down there can spend as much as they want lobbying and putting funds into Super PACs and do so on both sides of the aisle because they are looking out for Number 1: themselves.

#54 earthboundmisfit on 01.12.21 at 5:38 pm

Here’s to hoping that the GOP will abandon the likes of Gingrich, Cruz, Hawley et al and take this opportunity for a serious rethink and reset. Then the entire country needs to deal with the terrorist organization that is the NRA.

#55 yvr_lurker on 01.12.21 at 5:40 pm

Garth here talks about fairness and equality about how Covid has affected different groups of workers. This is indeed a good point.
However, before Covid, when real estate prices and apartment rentals were seeing 10% or more year on year price increases, there was absolutely no word on this blog about how this disproportionaly affects those YOUNG workers (service level or even highly specialized with very good income) get a foothold in our major cities (YVR, Toronto, etc..). Tood bad and too sad for this cohort.. just move to some small city or town ( where there is much less of a range of possible decent paying employment). Tough luck. Prices in YVR were on a clear downward trend from 2017-2019 due to Gov’t actions. My view, was that this was a very good trend.

Now with COVID and ridiculous 1.5% interest rates set by the Gov’t (who pulls many of the strings of the “Mr. Market” puppet strawman), much of this progress has been lost, with the exception that rentals in the downtown cores are much cheaper. This latter aspect is good, but only temporary.

Regarding the canceling of corporate donations that Garth mentions, perhaps this would be a first step for the Gov’t to REMOVE the excessive lobbying capacity that corporations have enjoyed to push forth their business-friendly agenda on lawmakers. Limit possible corporate and private campaign donations for everyone. This way, Koch industries and other right-wing groups have less power. In BC this past election was much better with the limit on corporate donations (as compared to when the despicable Crusty Clark called the shots).

#56 manny scarola on 01.12.21 at 5:40 pm

Rising bond yields will expose the bond bubble so the Fed will keep rates low..driving more inflation and requiring more intervention until the vicious cycle implodes as the Fed sacrifices the dollar to maintain control. The Fed will get inflation in spades. On another note the matter of not being able to run again for office after a second impeachment isn’t really how it works. That requires a separate Senate vote I believe.

#57 Piet on 01.12.21 at 5:40 pm

Save, invest or spend?

Any savings that accrue will be invested. Apart from utilities, groceries, property maintenance costs, insurance, and assorted taxes, I spend very little. Materialism has lost its allure. Unless my spending habits change, it will be up to the next generation to figure out what to do with the investments.

#58 Dogman01 on 01.12.21 at 5:41 pm

Conrad Black describes the good things done by Trump at 6:30.

https://www.bnnbloomberg.ca/politics/video/the-united-stated-is-in-a-sharp-decline-conrad-black~2113260?jwsource=cl

At 10:10 He goes onto to describe the decline of the West and rise of China.

I want to not like Sir Black of Crossharbour , but I agree with him and he see’s a big picture.

———————————————
Looks like the North American corporations are lining up with the Democratic Party, just Like those “free enterprise” organizations in Communist China do. Like say Huawei …

It appears that it is not just Canada’s leader whom admires the Basic Dictatorship in China.

Where in the world is Jack Ma….re-education or perhaps he was reminded how vulnerable his family is along with his duty to the State.

#59 Squire on 01.12.21 at 5:42 pm

#50 Dogman01 on 01.12.21 at 5:28 pm
———————————————-
Good post Garth. And Dogman01 too.

But, you can’t beat a pinata that’s too high up to reach with a stick.
One thing about Americans is they can at least stand up for what they believe. Canadians take it on the backside, taxes and all. And then they come back for more. More Mr. Socks….

#60 JSS on 01.12.21 at 5:42 pm

Save, Invest or Spend?

I want to spend. Tired of wearing the same sweatpants and dress shirt during zoom meetings.

#61 Chris Serran on 01.12.21 at 5:43 pm

Save, spend or invest.
Never been a big spender, and can’t vacation or eat out/go to a bar for a drink, so saving by default right now. Always invest, may put a little extra in this year as the money piles up if there are some screaming buys. Otherwise, will hold tight and spend more once the world opens up. But will still likely come out with some extra padding in the bank and investments accounts.

#62 Faron on 01.12.21 at 5:43 pm

#23 Phylis (again)

I’m going to guess that there were capital gains that arose from rebalancing some of the names that exploded this year. Looks like BEP.UN and NPI did very very well, so the fund’s exposure to them had to change to track the target weighting. One way to do the rebalance would be to simply sell shares in the explodees to trim the weighting to target and that would yield a capital gain to be returned.

Top five biggest distributions were all end of year. This is the only of those five where the cash was distributed without re-investment.

#63 Pebbles on 01.12.21 at 5:52 pm

#41 Soviet Capitalist on 01.12.21 at 5:02 pm
Not here to argue, just trying to understand the situation objectively.

There is one side claiming there has been no fraud and there is no proof of fraud and there is another side claiming the following as proof:
1. More people voting than registered voters
2. Video showing republican observers not allowed to monitor election process
3. Video showing a suspicious box-like thing with ballots being pulled from an apparently hidden location
4. An apparently signed letter from an employee from an Italian company (Leonardo sPa?) that was used as a testimony in Italy to claim voting machines in USA have been altered for switching votes to Bidden.
5. Some other videos of different people claiming they were ordered to commit voting fraud.
6. Illegally counting votes sent after the election day

Garth, I know you hate Trump, but can you help me, please, by sharing your interpretation of above claims of proof?
Are they all made up?

Yes. – Garth

____________________________________

I believe you were looking for the unbiased blog down at the end of the corridor, to your left; not this one. Sorry I must advise you that your statements do not conform to the narrative spread on this blog.

Please be more careful next time to prevent any cross-pollination! And for heaven’s sake, wear a mask!.

#64 Ordinary Blog Dog on 01.12.21 at 5:56 pm

I find it so amazing (and scary) that so many people are gullible to these whimsical theories in the US. One person spouting nonsensical drivel and millions believe it – without any skepticism it seems! What a psychology case study, what are the dynamics at play – is it really just tribalism? What do people think this Democrat government will do to bring down the USA? Befuddled is I.

#65 Cowtown Cowboy on 01.12.21 at 5:59 pm

If 2021 is anything like 2020, we might be looking at picking up a little Vacay place in BC. Managed to put about $120k in the bank, got a little debt to get rid of and some mortgage to whack, and i’m still working on the wife to let me get the Harley!…it’s a tough sell.
We definitely had our best year during one of the worst on record…weird but I can’t complain…looking to retire in no more than 10 yrs so i need to get another $1mil put away then it will be sun tan oil and margaritas.

#66 Loonie Doctor on 01.12.21 at 6:00 pm

“It would be interesting to know where all the millionaires in the steerage section plan to throw their cash once the bug retreats. Save, invest or spend?”

Well. My clinical income got crucified, but thanks to ditching our giant house last fall and buying a more reasonable house, we freed up tonnes of useless “home equity” and invested it (advice from this blog). Cashflow has been fine. We have lived off my income and invested my lower income spouse’s money in her name for years (advice from this blog). We decided to take a mortage at less than inflation on our new house and my wife invested it all (deducting the interest against her income). Advice from this blog. I already topped up our TFSA and her spousal RRSP (advice from this blog). Same with TFSAs. We crystallized some capital gains since our income dropped this year and the upcoming budget may be scary. She now dances around the house singing that “she’s my sugar-lady” like Beyoncee. Great on many levels, but she is also buying me an expansion to our garage this spring. She can then park inside the current one as my tools and our outdoor gear gets shunted. We also doubled our charitable donations. The great returns have been fanastic, but is dancing around like Beyoncee a market timing signal? [Joke}. Otherwise, we plan to lay low and live quietly amongst the masses for when the tax bill comes due.

-LD

#67 Brian Ripley on 01.12.21 at 6:01 pm

WHAT DO YOU DO DURING A HOUSING BUST? (My DEC 2012 Post)
http://www.chpc.biz/history-readings/what-to-do-during-a-housing-bust

Here is a quote from that post by Jack Crooks of Black Swan Trading (Jack’s website is no longer published; this was his view in 2012)

“1) The demand for dollar liquidity in a world where the European banking system is desperately deleveraging and many in the private world are doing the same likely means the world reserve currency remains supported, even though it is likely Ben Bernanke would like to push the buck lower.

2) The commodities super cycle is behind us. This doesn’t mean all commodities go lower; agricultural commodities could spike again and are subject to lots of volatility. But even the Australian Central Bank believes there has been a peak in the mining cycle in Australia.

3) The credit crunch (2008-09) really was a sea change. Massive personal balance sheet over-leverage, coupled with the decline in the biggest personal asset, real estate, seems to have triggered a sea change in both real consumption and attitude toward future consumption. This means more savings. More savings tends to mean more money in fixed income (keeping yields low).

4) The knock-on effect of a change in reduced global consumption and increased savings is the catalyst for rebalancing the current account deficit nations with the current account surplus nations. It is especially bad news for those with export-dominated growth models who will take the brunt of the adjustment domestically; and we know who you are: China, Germany, Japan…”

No housing bust yet in the hot metros. But according to my FDI, Debt and Trade chart http://www.chpc.biz/household-debt.html

…for over 20 years in Canada, the negative spread between FDI and FDO (foreign direct investment) has been negative and in the last 5 years the negative spread has become even wider.

So if all that recent built up savings is going to move off the sidelines, it may end up going to offshore producers which is not productive for Canadians. As it is, Net Trade has been negative for the last 31 out of the last 35 prints.

Meanwhile Bitcoin and Detached Houses are the object of the animal spirits: http://www.chpc.biz/bitcoin-gold–re.html

#68 Linda on 01.12.21 at 6:06 pm

Pent up demand spending may well occur, but possibly not at the levels hoped for by those tracking economic activity. Case in point: the partner & I are in that age cohort who have acquired all the desired toys. Mortgage free to boot. When/if the virus is corralled & borders reopen – including provincial ones – the plan is to travel. Point being we aren’t alone. Many of our neighbors are in the same situation – willing to travel but have all the toys, so chances are they are not going to go on a spending spree to buy post Covid. What has been happening over the past year is a heck of a lot of home improvement projects. So ‘the trades’ are doing quite well, in fact getting anyone to do work or getting the supplies to do it yourself is the biggest issue. So we may spend some $ on that while we await the end of the pandemic. My take is those that ‘have’ won’t be going on a spending spree because they already have. Those that don’t have would spend if they could, but are all too likely to be broke. Don’t see the economy firing up under those conditions.

#69 Penny Henny on 01.12.21 at 6:08 pm

Hey Dolce,
you got two 10’s for a 5?

#70 hey now on 01.12.21 at 6:09 pm

So not a death sentence then, (Clarkson is exactly the healthiest).

https://www.youtube.com/watch?v=-Ib4PPFUzi4

#71 Tron Light on 01.12.21 at 6:20 pm

It’s a war on conservatives and that’s not right. It will only further divide the US. A great article written by Glenn Greenwald the other day. Well worth the read:

https://greenwald.substack.com/p/violence-in-the-capitol-dangers-in-bbe

How is it a ‘war on conservatives’ when it was con Trumpists who trashed Congress? Are you standing on your head? – Garth

#72 Flop... on 01.12.21 at 6:24 pm

Maybe when all this is over one winter we should have a Greaterfool Convention.

Somewhere not to costly on the wallet so we could all attend, and warm, like Phoenix.

Even a Blue Collar Bum like myself has stayed at the Hyatt Regency Phoenix twice.

Phoenix Convention Centre is across the road, if we want to have a party….ahem…I mean discuss economics.

I’ll be the guy wearing the shirt with “Hello, I’m Flop…” printed on it…

M46BC

#73 Cici on 01.12.21 at 6:27 pm

I’m pretty sure that the 37% who plan to “save” actually intend to put their “savings” towards real estate purchases, automobiles, toys and vacations… in that order. And they will probably use GICs stuck in TFSAs for that purpose.

#74 Diamond Dog on 01.12.21 at 6:32 pm

Donors pulling money got me thinking some days back of how easy it would be for Mike Pence to summon a cabinet meeting and tell the cabinet that Trump is done.

I can hear his words then. “I’ve been on the phone all morning. Our top donors have dried up. If we don’t do something fast, our party will be blown out of the water in 2022. We have to look ahead and end the spectacle and invoke the 25th. I think I can smooth it over with Donald with a promise to pardon as it offers a legal precedent that is far stronger than a self pardon and his legal problems aren’t far off. I can pardon Trump if he wished to resign which I don’t see happening but we’re past that now. Who’s with me on the 25th?”

Of course, this assumes Pence would still actually pardon Trump. One would think that there are some personal reasons why Pence wouldn’t do so at this point.

The clock is ticking on Trump and Republicans in more ways than one. Once Biden swears in his AG and state AG’s, Biden won’t be telling them what to do, he won’t have to, they’ll come after Trump because he’s dirty and they’ll find loads of it.

All 3 houses are blue now. Some trails are cold but there’s little obstruction to what they’ll find make public compared to the first impeachment. The crimes Trump has committed this year alone are enough to make Attorney careers in every sense.

This is just a taste of what’s to come, the spokesman for the FBI joint chiefs of staff telling their military to avoid extremism and describing the riot on the capitol as “violence, sedition and insurrection.” This is what Trump should fear the most, an FBI investigation into his role.

https://www.cnn.com/2021/01/12/politics/joint-chiefs-condemn-sedition/index.html

Fox news just reported Mitch McConnell supports impeachment. For those who cheered for Trump, today is like every other day will be until he’s gone. More senior Republicans will turn on Trump, more pressure will be placed on him to resign, more facts concerning the riot at the capitol will come out and none of it good, more media examination, more political careers up in smoke, Trump is a leper now and anyone who hasn’t figured it out yet has much to learn about money, power and politics:

https://www.foxnews.com/politics/mcconnell-believes-trump-committed-impeachable-offenses-supports-democrats-impeachment-efforts-report

#75 Tron Light on 01.12.21 at 6:38 pm

Let me get this straight – for 4 years the Democrats called election fraud, interference or whatever you want to call it by the Russians but this time when they win, there was no election fraud whatsoever???

Did the courts find any? – Garth

#76 Phylis on 01.12.21 at 6:43 pm

#63 Faron on 01.12.21 at 5:43 pm
#23 Phylis (again)

I’m going to guess that there were capital gains that arose from rebalancing some of the names that exploded this year. Looks like BEP.UN and NPI did very very well, so the fund’s exposure to them had to change to track the target weighting. One way to do the rebalance would be to simply sell shares in the explodees to trim the weighting to target and that would yield a capital gain to be returned.

Top five biggest distributions were all end of year. This is the only of those five where the cash was distributed without re-investment.
Xxxxxxxx
Thx, Xut has not had a distribution like this in the last 10 years or so. Others, i look forward to annually. It’s been a nice surprise.

#77 Best news ever! on 01.12.21 at 6:49 pm

Who knew corporate America had the stones. Turns out Trump did “Make America great again” after all. Great News.

#78 Ustabe on 01.12.21 at 6:50 pm

#73 Flop… on 01.12.21 at 6:24 pm

Maybe when all this is over one winter we should have a Greaterfool Convention.

Somewhere not to costly on the wallet so we could all attend, and warm, like Phoenix.

Even a Blue Collar Bum like myself has stayed at the Hyatt Regency Phoenix twice.

Phoenix Convention Centre is across the road, if we want to have a party….ahem…I mean discuss economics.

I’ll be the guy wearing the shirt with “Hello, I’m Flop…” printed on it…

M46BC

It would have to be near a private airstrip, no?

I mean where else would you put all the private planes, jets and helicopters?

Also does the Phoenix Hyatt offer free parking? Because there is a contingent here who drive 15 year old Toyota’s too.

Big Tent group we are and all.

#79 the Jaguar on 01.12.21 at 6:51 pm

@#146 IHCTD9 on 01.12.21 at 2:53 pm
Your attention and memory for detail are a scandal IHCTD9.

However it wasn’t the uniform that drew my intense gaze and interest that day, but the pristine condition in which it was kept, and its perfect fit on a divine specimen. The guy oozed confidence, competence, and purpose. He had no idea I was taking in every detail.

That’s what is so alluring, of course. Irresistible. Of all the train cars in all the world he walked into mine. Just makes you smile, doesn’t it? Sigh….

#80 Tron Light on 01.12.21 at 6:54 pm

“Did the courts find any? – Garth”

You’re correct in both cases – they did not find any. Although, in the Trump case, the Supreme Court deferred to hear the evidence. In the other case, nothing was found.

#81 crowdedelevatorfartz on 01.12.21 at 6:55 pm

@#73 Floppie.
I’ll be the one in the elevator with a yellow smiley face shirt on….and khaki brown shorts…….

#82 Felix on 01.12.21 at 6:56 pm

Today’s photo is testament to the wondrous math of nature.

A ladybug has less than 1/100th of 1% of the mass of an average canine, but an IQ that is 45% higher.

Some creatures are just dogawful wastes of space on this planet.

#83 Tron Light on 01.12.21 at 6:57 pm

“How is it a ‘war on conservatives’ when it was con Trumpists who trashed Congress? Are you standing on your head? – Garth”

Glad you read it. I made no judgement other than saying it was well worth the read. However, if I were to judge, I would say that Greenwald makes some good points, especially now with companies pulling their funding to Republican politicians.

#84 Nonplused on 01.12.21 at 7:01 pm

Voting against certification is a pretty regular thing, it’s happened in all 3 of the last republican wins. It’s just part of the process and it has never changed anything.

The checks and balances are set up the way they are for a reason. Everything worked the way it was supposed to. Trump got his day in court but managed to prove nothing, so now his time is up and he will be leaving the White House on the 20th (if not earlier). But what is CNN going to do for ratings now? They’ll have to come up with something.

But anybody who isn’t concerned by how this process has unveiled exactly how much power corporate America wields in politics should be. A ban on corporate donations would be a good start, as they are not people and they do not vote. Why should they be influencing elections through donations? A limit on personal donations would also be a good idea to keep the billionaire’s from throwing $100’s of millions at their preferred candidates.

The situation involved here clouds the issue considerably because of the shocking nature of it, but at the base of it it means politicians can no longer vote the will of their constituents if that will doesn’t follow the corporate approved narrative. I suppose it has been that way for a long time but now it has been laid bare for all to see. Looks like George Carlin was right all a long. “It’s a big club, and you ain’t in it.”

And now that the big 9 gets to decide who is on the internet and who gets deplatformed, even though most people are happy with the outcome this time, what happens when they come for you? I understand the argument that a company has the right to chose who they will do business with and who they won’t, but in the case of a communication company there are free speech questions as well. We don’t want to slide towards Chinese style censorship.

But free markets always find a way. Parler will be back and this time they will not be beholden to Amazon. Plus now everyone and their dog has heard of them. Gab’s numbers are going up so fast they can’t handle the traffic. Others will arise. Most of the content creators who feel they will be the next channel removed from YouTube already have shadow accounts on BitChute, which is helping them achieve critical mass quite quickly. Many people think this will further divide the country as everyone separates into their own “echo chambers”, and I think that is a valid concern. How can you develop a balance point of view on issues if you are only exposed to one side of the issue?

Anyway enough politics, on to the questions…

#85 jess on 01.12.21 at 7:08 pm

The organizers of the March for Trump (also known as the March to Save America) have taken down the website for the rally and subsequent march, but an archived page cites nine “coalition partners.” It is a list that should not be forgotten—especially given that some of the sponsors have apparently tried to wipe away their fingerprints.

Tea Party Patriots
Stop the Steal.
Wild Protest.
Peaceably Gather.(don’t let the name fool ya)
Moms for America.
Phyllis Schlafly Eagles
Turning Point Action.
My Pillow.- Mike Lindell,
Women for America First.

https://www.motherjones.com/politics/2021/01/sponsors-of-the-pre-attack-rally-have-taken-down-their-websites-dont-forget-who-they-were/

#86 DON on 01.12.21 at 7:10 pm

@JAG

Thank you for the research on the roaring 20’s.

@Garth
Makes sense people are saving/investing. I am reducing my spending so more will go into investing. The fear of future unemployment has led some to revert back to saving.

#87 Adrian Berg on 01.12.21 at 7:11 pm

This is worth watching:
DELETED

No it wasn’t. – Garth

#88 Drinking on 01.12.21 at 7:19 pm

Who knows; as mentioned before I never cared much for Trump but I did respect that he did not start any wars and stood up to the Chinese government; we still need to deal with this effing virus now that there is now enough evidence published where it originated from, never mind delaying W.H.O yet again while they shred any connection (according to news/science sources) to the Wuhan lab. Such as other viruses such as bird, swine flus and who knows what else, or not. Europe is starting to wise up to this. Boris had something to say about this today.

Biden will be the T2 of the U.S.; whether good or bad, we shall soon see.. lol!!!

#89 jess on 01.12.21 at 7:21 pm

the sinking feeling of betrayal
donald says love ya go home thanks for coming out

https://www.buzzfeednews.com/article/mollyhensleyclancy/trump-rioters-online-aftermath?bfsource=relatedmanual

#90 Barb on 01.12.21 at 7:22 pm

Weird seeing who contributed to whom.
GE to Republicans sticks in my mind…is that what’s been holding their stock down? *grin*

#91 Nonplused on 01.12.21 at 7:27 pm

“It would be interesting to know where all the millionaires in the steerage section plan to throw their cash once the bug retreats. Save, invest or spend?”

I wasn’t eligible for CERB because I have been mostly paying myself with dividends. Who knew that was going to cost me $18,500 in free Trudeau bucks? I think he did that out of spite in his ongoing attack on small businesses.

But business has dropped to zero with the bug and the collapse in energy prices, so that money isn’t coming in anymore either. My wife is still working so she doesn’t get any CERB either. Her income floats the boat but it doesn’t leave a lot left over.

So the answer is “none of the above”.

But “spend” we have been, because right in the middle of a pandemic or immediately prior to it everything broke. Furnace, hot water tank, fridge, washer and dryer, computer. Whew. The spending has been fast and furious. Thank Dog there were liquid assets in the “plus” column. The only thing that hasn’t broke down (knock on wood) has been the car, but that’s mostly because it doesn’t go anywhere except Costco and the liquor store. At this rate the tires will dry rot before they wear out. Oh well the brakes will still be good.

This is a good cautionary tale for new home buyers. You should include in your monthly cost calculations money to replace all your appliances (including the furnace and hot water tank) about every 15 years. Except maybe the stove. Stoves still seem to last. But it won’t match anymore so you’ll probably want to replace that too. Asphalt roofs probably every 20 years but you shouldn’t be using those anyway because they are made with evil oil so plan on spending the big money on a tile or steel roof when it fails.

If you don’t save for these expenses, you will need to tap your HELOC.

So, assuming I get back to work post-covid it will be “save” because the money has already been spent. And I’ll probably live long enough to replace it all again, so I’ll be saving for that too.

#92 GROUNDED FOR 2 MORE WEEKS! on 01.12.21 at 7:27 pm

NO TV!

NO DRINKING!

#93 Oakville Rocks! on 01.12.21 at 7:29 pm

@#41
If I had known it was nonsensical list night @ Greaterfool I would have contributed this,

1. Apparently Jack Dorsey has had to block Melania’s number because she calls him every hour on the hour begging him to let Donnie back on Twitter. It seems she hasn’t had to talk to her husband this much in a decade.

2. Meanwhile Tiffany Trump sent Jack a fruit basket because it is the first time in a decade that her father has taken her calls.

3. The president has dispatched his personal attorney, Rudy Giuliani to investigate the possibility of changing his name in the event he is impeached and prevented from seeking a 2nd term as President. I am told he is torn between Attila the Hun or Vlad the Impaler.

4. When Donald says be careful what you wish for he is implying that if he cannot run again in 2024 he will put his support behind Ivanka or even worse, Jared.

5. Supposedly Donald left Barack a message asking if he was available for a round of golf @ Mar-a-Lago on January 20th – $1 million dollars a hole.

6. Not sure about this one but there are rumours that rather than leave the incoming President a letter wishing him well, Donald plans to redecorate in his favorite color – something or other about a gold shower in the presidential suite for Mr Biden.

#94 -=withwings=- on 01.12.21 at 7:32 pm

#41 Soviet Capitalist on 01.12.21 at 5:02 pm
Not here to argue, just trying to understand the situation objectively.

There is one side claiming there has been no fraud and there is no proof of fraud and there is another side claiming the following as proof:
1. More people voting than registered voters
2. Video showing republican observers not allowed to monitor election process
3. Video showing a suspicious box-like thing with ballots being pulled from an apparently hidden location
4. An apparently signed letter from an employee from an Italian company (Leonardo sPa?) that was used as a testimony in Italy to claim voting machines in USA have been altered for switching votes to Bidden.
5. Some other videos of different people claiming they were ordered to commit voting fraud.
6. Illegally counting votes sent after the election day

Garth, I know you hate Trump, but can you help me, please, by sharing your interpretation of above claims of proof?
Are they all made up?

Yes. – Garth

____________________________________

Not just made up, but thoroughly convincingly completely and totally debunked. The con used to be ‘trying to see both sides’ to draw people into a pig in the mud style debate. But now that the truth is known, I don’t understand why people still post this nonsense under the guise of ‘objective’ , If one could find any scrap of evidence that even pointed that some of this could be remotely true, they would be the absolute hero of the republicans. So far no one has. The lawyers who started rumour number 1 had to admit that they thought the postal code for Michigan was ‘MN’ when they claimed that, and it just gets dumber from there…

#95 Go ahead and delete me on 01.12.21 at 7:34 pm

What’s the first thing they do when the communist seize power? They cut off the means of communication. If you legitimately won 80 million votes and were really the most popular American President of all time – why would you need to censor the voices of your political opponents and half the country.
Speak kindly of the US
De mortuis nil nisi bonum

#96 Faron on 01.12.21 at 7:34 pm

#81 Tron Light on 01.12.21 at 6:54 pm

“Did the courts find any? – Garth”

You’re correct in both cases – they did not find any.

Wake up dummy. In ’16 there were eight convictions or guilty pleas. The issue was if Trump colluded. There’s no contesting that Russia interfered.

Trump has lost dozens of cases in front of numerous Trump appointed Judges. The only hard facts on fraud came from a case where a Trump voter voted twice using a dead relative’s ballot.

#97 yorkville renter on 01.12.21 at 7:44 pm

stopping the $$$ isnt enough for the seditionists

#98 #94 has lost it on 01.12.21 at 7:47 pm

The President can have a press conference at any time and get the entire world’s attention… he also encouraged his followers to storm the capital and, according to GOP senator Sasse, he was enjoying it.

but, yeah, Trump cant use twitter anymore… boo hoo.

bunch of snowflakes!

#99 Faron on 01.12.21 at 7:48 pm

#92 Go ahead and delete me on 01.12.21 at 7:34 pm

Gosh, last I checked Biden is neither the CEO of Twitter/Amazon/Facebook etc nor the even the president in power right now. So…. any silencing must have been done by the dominantly republican administration right now. That is a shame!

#100 Faron on 01.12.21 at 7:52 pm

#95 -=withwings=- on 01.12.21 at 7:32 pm

The con used to be ‘trying to see both sides’ to draw people into a pig in the mud style debate. But now that the truth is known, I don’t understand why people still post this nonsense under the guise of ‘objective

Reminds me of the climate change “panels” where a couple of scientists will be pitted against a couple of climate change deniers dug out of the XOM donor recipient list and who are typically PhDs in something only tangentially related. The media can say “look, no bias” when the true balance of fact should have 500 climate scientists debating a single denier.

#101 crowdedelevatorfartz on 01.12.21 at 7:52 pm

@#96 Delete me
“If you legitimately won 80 million votes and were really the most popular American President of all time ”

++++

Ahhh yesssss.
The vote seems to grow by a million a week….kinda like the Covid infection rate in the US that Trump NEVER, EVER talks about.

Biden won with the majority of votes and it was no where near 80 million.

Trump, while admittedly reaching historical numbers in the Nov. election….is still….The BIGGEST LOSER.

ahahahahaha
The irony .
Lose-ah

#102 Faron on 01.12.21 at 7:56 pm

#92 Nonplused on 01.12.21 at 7:27 pm

Asphalt roofs probably every 20 years but you shouldn’t be using those anyway because they are made with evil oil

Pay attention bud. I’ve railed here many times that oil is great feedstock for useful things like shingles. Hydrocarbons are incredibly useful to us humans and creating those things sinks the carbon out of the atmosphere for a looooong time. It’s a darn shame we just up and burn the stuff. IHTCD9 would be bummed if we couldn’t make tactical black plastic panels for his electric quad in the future.

#103 Jake on 01.12.21 at 8:03 pm

Teflon Don is about to lose his shine and go up in flames ex-POTUS.

#104 Joe Schmoe on 01.12.21 at 8:06 pm

personally, my worst month in the last calendar year is this Jan.

Dry stinking January.

The question tour jour is of course answered by “balance”.

Stuffing some money into investments (which is saving), and now looking at new carpet as we house trained two kids and a dog on this one. Nothing getting that stank out.

#105 Blobby on 01.12.21 at 8:12 pm

#97 – I hate to correct you, as you’re mostly right. But I also hate that Spanky has managed to gaslight so much that people now dont even know what the Mueller investigation was about.

The Mueller investigation was into Russian interference into the US election. And it found it.

The Mueller investigation was NEVER about collusion. Collusion isnt even illegal. Spanky kept saying it was about collusion in order to change the narrative – as then he could say at the end “see – they found no collusion”. No collusion was found, as none was investigated, as collusion in itself isnt illegal in the US.

But explaining this to people is hard, so Spanky telling everyone it was about collusion – actually managed to change the discussion.

Of course, this doesn’t alter that many of Spanky’s accomplices were either convicted or pleaded guilty to lying about what went wrong (and were later pardoned). Nor does it change that Mueller recommended that Spanky be investigated for Obstruction of Justice.

That leads into the question as to why Spanky potentially tried to obstruct justice, and why so many of his accomplices were willing to lie (And admit to doing so – then get pardoned for it), if he wasnt trying to hide something. That’s another matter, and one even his dimmerist of supporters should try to question.

But it was never about collusion.

#106 FriedEggs on 01.12.21 at 8:13 pm

It’s a war on conservatives and that’s not right. It will only further divide the US. A great article written by Glenn Greenwald the other day. Well worth the read:

https://greenwald.substack.com/p/violence-in-the-capitol-dangers-in-bbe

How is it a ‘war on conservatives’ when it was con Trumpists who trashed Congress? Are you standing on your head? – Garth

Garth is right – i saw a few videos of Capitol Police letting those ‘Trump’ protestors in with zero resistance.

Ask Capitol Police officer, 51 yr old, Howard Liebengood.

#107 Blacksheep on 01.12.21 at 8:15 pm

Where’s my comment Garth?

No idea. – Garth

#108 Frustrated Kiwi on 01.12.21 at 8:17 pm

#41 Soviet Capitalist
Look to the court cases for your answers. Most of these were never alleged in court, let alone with sufficient evidence to win the case. Over 60 lost cases, many with Republican and sometimes Trump appointed judges (e.g., Pennsylvania). One won case that acknowledged the observers were in fact asked to stand a little far away (hardly massive fraud in a pandemic). Listen to Lindsey Graham’s (who I am NOT a fan of) recent statement on this – he’s asked for evidence and it hasn’t been provided to him. He doesn’t agree with Wisconsin’s 5-4 decision but stated something along the lines of “if Al Gore can move on from a 5-4 defeat, so can I.” Most if not all of your list has been well debunked on Snopes:
https://www.snopes.com/tag/voter-fraud-rumors/

#109 The Totally Unbiased, Highly Intelligent, Rational Observer on 01.12.21 at 8:19 pm

DELETED

#110 Dwilly on 01.12.21 at 8:22 pm

Hey Garth, did you know that a whole bunch of Democrats voted against certification of election results the last THREE times a Republican won?

The double-standard, rules for thee but not for me mentality will lead this off the rails at some point. Nobody knows where or when, but good chance it will be ugly.

#111 Nonplused on 01.12.21 at 8:35 pm

#32 cramar on 01.12.21 at 4:46 pm
For what it’s worth, if and when Covid is waining and normality returns, I think TRAVEL (as in international) will be where a lot of savings will go. A lot of Boomers want to travel again and more so, since we are not getting any younger, and who knows when the next virus will hit. This might be the last window for Boomers.

——————————–

I’ve been a lot of places, but none better than Banff. It ain’t cheap though.

#112 Go ahead and delete me on 01.12.21 at 8:36 pm

#102 crowd

He got 81 million votes. >smh< I don’t know how Garth deals with you people.

https://www.cfr.org/blog/2020-election-numbers

#113 Nonplused on 01.12.21 at 8:39 pm

Garth, I know you hate Trump, but can you help me, please, by sharing your interpretation of above claims of proof?
Are they all made up?

Yes. – Garth

———————————–

No. – Nonplused

There was fraud but there is every election. What Trump failed to do is prove there was sufficient fraud to alter the results, which he and his lawyers did not do.

We have to accept the results at this point. All avenues have been exhausted.

The answer to the question posed in that post is ‘no’. Trump failed to prove widespread fraud in court because it did not exist. End of story. – Garth

#114 Tron Light on 01.12.21 at 8:40 pm

#97 Faron on 01.12.21 at 7:34 pm

The only dummy is you for believing all that BS about Russia. Btw, it’s not like the US doesn’t interfere in anybody else’s elections or country’s for that matter. Iraq comes to mind – not involved in the 9/11 attacks and did not have any WMB (which we were sold with lies), but hey, who’s counting?!

#115 Maplesyrup on 01.12.21 at 8:42 pm

“ But, but, but. Personal finances have improved dramatically. Historically. Incredibly. Look at this:”

LoL, so to keep MarketBulls, RE, Savings in a healthy shape let us all pray for COVID-21. Eh.

#116 danny partridge on 01.12.21 at 8:48 pm

All Canadian division begins tomorrow night. Which three miss out on play-offs? Too close to call.

All I can say for sure is GO LEAFS GO!!

My extra cash is going into rookie cards of Auston Matthews.

#117 yorkville renter on 01.12.21 at 8:51 pm

Hey Dwilly

your false equivalence is showing… a handful of sore losers, who are minor figures in politics, is no where near the sore loser that Trump and his sycophants are.

there is a double standard, and you’re trying to apply it

#118 Wrk.dover on 01.12.21 at 8:51 pm

Save, invest, spend, all in one.

Tandem electric water heaters with timers for that cheap night time rate, hot water on tap 24/7. (my solar hot water hibernates)

And every last light and fixture in all of the buildings, LED.

That’s this months disposable gone green.

Making charitable donations is starting to catch my interest. Sally Ann best bang for buck?

#119 Nonplused on 01.12.21 at 8:52 pm

#103 Faron on 01.12.21 at 7:56 pm
#92 Nonplused on 01.12.21 at 7:27 pm

Asphalt roofs probably every 20 years but you shouldn’t be using those anyway because they are made with evil oil

Pay attention bud. I’ve railed here many times that oil is great feedstock for useful things like shingles. Hydrocarbons are incredibly useful to us humans and creating those things sinks the carbon out of the atmosphere for a looooong time. It’s a darn shame we just up and burn the stuff. IHTCD9 would be bummed if we couldn’t make tactical black plastic panels for his electric quad in the future.

——————————

I forgot to sarc/off.

#120 Faron on 01.12.21 at 8:52 pm

#111 Dwilly on 01.12.21 at 8:22 pm

How many times did a violent mob charge into the joint session threatening to hang the VP (of their own party)? The Trump nutjobs are trying really hard (and apparently succeeding) in convincing people like you that there’s a double standard in cases that aren’t even comparable.

Nope. Sorry Dilly.

#121 Stone on 01.12.21 at 8:53 pm

#108 Blacksheep on 01.12.21 at 8:15 pm
Where’s my comment Garth?

No idea. – Garth

———

Wow! People are so rude. How about a little polite niceness like “Hi Garth. How’s your day going? I hope you had a chance to go out for a nice walk today and enjoy the fresh air. By the way, I added a comment but it doesn’t seem to be showing. Are you holding it for some reason? Anywho, have a peachy evening. Hug!”

Instead, all I see is “Yo bitch, where’s my comment?”

Come on people. A little decorum please. It’s not 2020 anymore or Trumpland.

#122 Nonplused on 01.12.21 at 8:58 pm

PS Faron I forgot to mention that it is hard to get the oil out of the ground without the byproducts like natural gas and gasoline. Better to use them for something useful than flare them.

#123 Under the sea on 01.12.21 at 9:14 pm

A few of my friends are saying they are going to take out a HELOC and use it to pay their mortgage off. In the end they will come out ahead.

I’ve been pondering this, and other than a few potential hurdles i could come up with (mortgage terms/penalty for early payoff, qualifying for amount, variable HELOC rate) .. might this make sense?

#124 Yukon Elvis on 01.12.21 at 9:20 pm

Save, invest or spend?
…………………….
Invest. Maxed out my tfsa contribution for ‘21. Have some cash sitting around and will be getting quarterly divs end of Jan. Did well buying the big dip in q2 and q3 but now everything seems so expensive so not sure where to deploy the cash. I smell another big dip coming in ‘21, maybe I will sit on some cash and wait for that and buy low. Buying now would seem like buying the top of the market.

#125 cristian on 01.12.21 at 9:22 pm

The essence of lockdowns IMO

They (government)
want everyone to stay home (feeling hopeless and afraid, instead of outraged and unruly) while they deliberately collapse the economy, print trillions of dollars (debasing all national currencies), and transfer all the wealth from the middle class to multinational mega-corporations and elite billionaires.

I give up. Stupid wins. – Garth

#126 nonconfidencevote on 01.12.21 at 9:24 pm

Poor Ms Meng.

Under house arrest for a US extradition claim, in the toney Shaughnessy neighborhood of Vancouver where houses are worth 10’s of millions….
Her husband has filed a claim to have her bail conditions reduced….because…..
He is worried she may…..may get Covid because…..her security detail at her Shaughnessy mansion might infect her.

While the ” Two Michaels” …. arrested as a backlash to her arrest…. rot in a Chinese prison for the 3rd year as our Prime Minister ….dithers

https://www.reuters.com/article/usa-huawei-tech-canada/huawei-cfo-meng-wanzhou-asks-canada-court-to-drop-security-detail-to-loosen-bail-conditions-idUSL1N2JN2C4

I have a suggestion to reduce her “covid concerns”

Put her in solitary.

She did not nab the Michaels. Your post drips of envy. – Garth

#127 Hilroy on 01.12.21 at 9:31 pm

“plus pissed-off people looking for a messiah”

The elites are pretty content with their messiah – wall street.

#128 crowdedelevatorfartz on 01.12.21 at 9:33 pm

So?
An election sooner rather than later?
Trudeau shuffling cabinet before the budget.
Election in May?

#129 Splakes on 01.12.21 at 9:36 pm

You repeatedly say the markets will boom and the WFHers have benefitted.. they have. But when you concede that many sectors have been hit hard (hospitality, small business, etc) you don’t seem to recognize that all those folks buy stuff, too.. consumer goods – cars, homes, TVs, Costco memberships.. they may amount to millions of people in this country and tens of millions in the US. Where is your confidence coming from? I truly fear for my kids future in this continent, this civilization… I think we will be living under the dark cloud of communist China.

#130 the Jaguar on 01.12.21 at 9:44 pm

@#87 DON on 01.12.21 at 7:10 pm
@JAG

Thank you for the research on the roaring 20’s.
________

I wouldn’t call it research, Don. Just some casual reading, but I thought it was interesting that while many of us think of the period as a big party, so many technological advances and changes happened.
It made the shock of it ending with such a big bang all the more unsettling. Sound familiar?
President Harding also didn’t finish his term in office. He was was inaugurated in 2021 but died of heart failure in August 2023. VP had to take over.
Remember that old TV show called ‘The Twilight Zone’? Maybe we’re living in it right now…..

#131 Drinking on 01.12.21 at 9:47 pm

So who’s picking up the tab???

https://financialpost.com/real-estate/mortgages/you-can-now-get-a-20-year-mortgage-in-denmark-for-0

#132 Ustabe on 01.12.21 at 9:55 pm

#108 Blacksheep on 01.12.21 at 8:15 pm

Where’s my comment Garth?

No idea. – Garth

LOL.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Story Time.
Decades ago I was in Europe as was the style. Went over with some friends, some drifted, new ones made, toured around. Ended up on a beach in Greece when it was decided it was time to go home.

So, of course, next we found ourselves in Nigeria. If you can’t understand how that happened then you really did miss the 70’s and early 80’s. I think we were trying for Morocco, over to Spain and up to England and then home but…stuff happens when you are back packing and hitching rides.

Anyway, sitting outside a cafe, killing time. Up the road a bit was a checkpoint, not unlike many others. Folks get stopped, money changes hands, etc.

So we get up to leave when the proprietor asks us to sit, wait. Not much English but between a little French, hand gestures and a smattering of English from him and some other patrons we were led to believe that they were former government troops who had been voted off the island but now held various parts of the country. Rebels. The checkpoint was how they raised money I guess.

Sure enough a jeep and a transport truck (like the troop carriers you see in Indiana Jones movies) roll up. All hell breaks loose. The truck blows through the checkpoint scattering a couple of vehicles and tires and stuff…and a few humans. The jeep simply stops broadside and the occupants of the jeep machine gun the remaining rebel guys.

They spend a few minutes clearing stuff out of the way, pile the bodies into the truck and drive away.

The cafe owner tells us it is now safe to go, we got gone, let me tell you. Actually paid money to be driven way north, towards Morocco. Driver didn’t stop til we were across into Algeria. Obviously made it to Morocco and home.

But I sure hope world events of January 20th don’t give me PTSD. Although I read that psilocybin and LSD are very effective treatments for that.

Combined with talk therapy, of course.

#133 George on 01.12.21 at 9:58 pm

another lockdown, as Ford’s head is spinning

Ontario?

KAPUT

#134 Gg on 01.12.21 at 10:05 pm

and there’s an argument supporting the view that the “attack on Congress is related to the feeling many working people have that the deck is stacked against them. And it is. Clearly. Those with salaried jobs, pensions and houses have actually benefitted from the slimy little pathogen. Others who are paid by the time worked, or are in trades, small businesses or have been trying to afford real estate are getting whacked.”

Except that it is Biden that is trying to redistribute the wealth to alleviate this problem. These people are protesting violently against their self interest..
It’s like nothing I have ever seen before in my life

The vote was split 50/50. Yet 70% of US gdp is with Biden voters and trump voters account for only 30% of GDP. You would predict the support would be the other way around?

I guess Trump voters are telling us the time for redistribution has long past. We have now entered a phase where only anarchy is acceptable

We really should pay attention to this. Can civil war and the guillotine be far behind?

#135 Faron on 01.12.21 at 10:12 pm

#115 Tron Light on 01.12.21 at 8:40 pm
#97 Faron on 01.12.21 at 7:34 pm

Have you read Mueller’s report? I just spent an hour with it. Facts:

1) Russia hacked the DNC and worked with Wikileaks to disseminate the docs.

2) Wikileaks had a previously stated stance in opposition to Hillary

3) Stone worked with wikileaks to time the publication of the emails.

4) Numerous Trumpettes lied to the FBI about their contacts with Russia and many were convicted of such crimes.

5) The investigation was hampered by destruction of docments and the use of encrypted or fleeting messaging.

So, yeah, no convictions of collusion that, as was pointed out, isn’t a crime anyway. But all kinds of dirt and a lot of criminal activity proved in courts of law. No matter how you slice it, hot garbage.

#136 McSteve on 01.12.21 at 10:13 pm

Paid off a small balance on a line of credit for a long overdue reno..but houses constantly need repairs, appliances die, kids grow out of goalie pads…status quo…

Maybe a slightly bigger contribution to RRSP this year. Increased prices of timber poured water on my idea of building a deck.

I think “the man” figures a way of siphoning off any COVID windfalls.

#137 Hogtied on 01.12.21 at 10:19 pm

#66 Cowtown Cowboy on 01.12.21 at 5:59 pm

If 2021 is anything like 2020, we might be looking at picking up a little Vacay place in BC. Managed to put about $120k in the bank, got a little debt to get rid of and some mortgage to whack, and i’m still working on the wife to let me get the Harley!…it’s a tough sell.
We definitely had our best year during one of the worst on record…weird but I can’t complain…looking to retire in no more than 10 yrs so i need to get another $1mil put away then it will be sun tan oil and margaritas.

_____________________________________

Cowtown, tell your wife you’ll throw in a $1 million dollar life insurance policy on yourself and you’ll be sailing down that highway on your new hog when spring hits!

How do you cowboys say it …. yeehaaa!

P.S. Your imminent death will no doubt be cited as a COVID-19, so make sure you have the appropriate pandemic rider in your policy.

#138 mike from mtl on 01.12.21 at 10:23 pm

#127 nonconfidencevote on 01.12.21 at 9:24 pm

She did not nab the Michaels. Your post drips of envy. – Garth
//////////////////////////////////////////////////////////////

No but it’s clear she’s doing alright for herself and in no danger. While those two are if not already dead in a much worse state to say the least – but who cares they’re important.

The US made Canada the fall guy what 2 years ago and still is, send her to the damn US and get this target off our backs.

#139 Drill Baby Drill on 01.12.21 at 10:42 pm

DuescheBank is going to call the Orange idiots loans. $30MM worth.

#140 Drill Baby Drill on 01.12.21 at 10:44 pm

Can’t wait to see how the LPC will try and sell an election for this spring. During a pandemic when nowhere near enough people have been vaccinated?

#141 kp on 01.12.21 at 10:53 pm

I watched the National last night. Finally some good reporting. About 75% of the deaths from Covid-19 have occurred in Long Term Care Homes.

Seems to me like that’s the biggest problem to tackle. If we can get LTC homes under control we can reduce deaths by 75%. Instead of locking not at risk healthy people in their homes. For gods sake there was a helicopter flying over Montreal on Saturday night???

In my opinion looking at new cases is very misleading. We were reporting about 1500-2000 cases per day and testing 40000/day. Recently testing has increased to 80000/day and cases have doubled to 3000-4000.day. I do not understand why the media keeps reporting absolute numbers. Every medical professionals knows that infection numbers are reported per 100,000/people.

It’s very unfortunate that fearmongering and bad decision making keep occurring. Seems like the adults in the decision chairs do not know what to do.

#142 IHCTD9 on 01.12.21 at 11:26 pm

It would be interesting to know where all the millionaires in the steerage section plan to throw their cash once the bug retreats. Save, invest or spend?
————

Not a millionaire by my definition yet but… Save per usual, invest per usual, (and maybe a lump sum on top for 2021), and spend mostly on selected projects that reduce our financial support of our blockhead goof leadership in Ottawa.

And maybe a YAMAHA RMax 1000 :)

#143 To the point. on 01.12.21 at 11:30 pm

Save, invest or spend? Stay invested. Travel when we can. Donate! The most striking element of Garth’s comments is about the growing disparity in Canada.

I sure miss the Progressive part of Canada’s Conservatives.

#144 Regjeg on 01.12.21 at 11:43 pm

Save, invest or spend?

Doing all three now, rather than wait who knows how long for this bug and any of its variants to retreat.

#145 YVR 60% Crash on 01.12.21 at 11:51 pm

Twitter hypocritically campaigns for free speech after banning Donald Trump

“Ahead of the Ugandan election, we’re hearing reports that internet service providers are being ordered to block social media and messaging apps. We strongly condemn internet shutdowns- they are hugely harmful and violate basic human rights and the principles of #openinternet.”

https://www.skynews.com.au/details/_6222322463001

#146 No more bacon on 01.13.21 at 12:18 am

DELETED

#147 fishman on 01.13.21 at 12:36 am

I’m all in on spend. No use investing. I’ve deferred, depreciated , crystallized & sharpened the pencil while my capital gains has exploded. CRA , like a giant vulture, waiting for me to sell or die. Lil potato raising taxes. I know,Canadian dividend stocks. I just don’t care.
Save? for what? I don’t want anymore of anything. I got too much stuff as it is. I’m becoming Japanese. They have no room so if they buy something other than food, they throw something away. I’m throwing it away first. Then deciding if I need more useless Chinese crap.
Of course its easy for me to say when you have enough to cover the cash burn rate for a long, long time. But Garth did ask for a report from millionaires.
Steerage section? I’m taking that as a metaphor so my report qualifies. Passengers below decks as commentators below a captain’s blog. I’d never qualify as a paying customer below decks. I took Melville’s advise to get paid as a sailor. A sailor above decks making sure he got paid,& quite handsomely I might add.
“Call me Ishmael”. And boarded for a voyage with Captain Ahab. A voyage with a mad captain.A mad captain searching for demons, inner & outer. Predestined for destruction. Ya, I know, I’m thinking the same thing, but people like us can’t resist signing on.

#148 Nonplused on 01.13.21 at 12:57 am

#119 Wrk.dover on 01.12.21 at 8:51 pm
Save, invest, spend, all in one.

Tandem electric water heaters with timers for that cheap night time rate, hot water on tap 24/7. (my solar hot water hibernates)

And every last light and fixture in all of the buildings, LED.

That’s this months disposable gone green.

Making charitable donations is starting to catch my interest. Sally Ann best bang for buck?

———————————

Ok, I am good with the LED lights now that the cost has approached something reasonable, they do save energy if the building is being air conditioned.

But electric hot water heaters? Where do you think the electricity is coming from? Especially at night when the sun doesn’t shine?

So the thermodynamics of it are that for heating purposes natural gas fired heaters and hot water tanks can be up to 95% efficient these days, 80% is typical for older designs. Electric heaters are up in the 95+% range if you only calculate the electrons. But making the electrons using steam expansion cannot be more than 50% efficient, due to thermodynamic limits. And then there are line losses. So, burning the natural gas in you home is nearly twice as efficient as burning it in a co-generation unit (the most efficient kind) and then importing it into your home as electricity. It’s also usually cheaper too.

It would be nice if we could have some scientific discussions about the nature of things before we start making policy decisions.

Solar and wind are great for reducing carbon emissions, but without massive overbuilding and large batteries, they don’t work unless you are connected to a grid (gas/electric) that can handle 100% of the maximum load without the renewables. The sun doesn’t shine at night. And it certainly doesn’t shine when it’s -40 at night. Solar goes away just when you need it the most.

The reason fossil fuels have worked so well to power our industrialized society is that they are easy to store. Every summer the coal plants build big piles of the stuff just outside the plant for use in the winter. Unseen is all the gas being pumped into underground reservoirs for winter use. Oil is less prominent but yes they do fill up the big tanks for peak days. There is just no way to collect enough solar energy during the summer and put it in batteries to run your house all winter. Well maybe if you have a wood stove and your house is a cabin. But otherwise no. Not in Canada anyway.

#149 Nonplused on 01.13.21 at 1:32 am

#118 Gravy Train on 01.12.21 at 10:27 am
#86 Nonplused on 01.11.21 at 10:06 pm
“[…] And as for a ‘purported Christian’, that is just swinging below the belt.” How so? For you to be able to embrace hateful Trumpism and loving Christianity, you must be a master of Orwellian doublethink.

——————————-

Maybe. Or it could be that I do not fully endorse either view.

Christianity is hard to endorse because nobody really knows what it is anymore. Is it still Catholic? Or Baptist? Or those Waco folks? And as for Trumpism, is it hateful? Or is that your opinion?

I identify with neither side of either issue but I am afraid that TDS will irrevocably end the right to free speech. Trump turned out to be totally wrong about the extent of the election fraud, at least so far as he could prove it, and I will admit I fell for it for a while watching videos on statistical analysis, but does that mean he doesn’t have a right to say what he believes? I guess we got to go after the flat earthers next.

And so far as I can tell everyone is pretty good a doublethink.

Anyway Trump is gone in but a week or so.

#150 Nonplused on 01.13.21 at 1:38 am

“The answer to the question posed in that post is ‘no’. Trump failed to prove widespread fraud in court because it did not exist. End of story. – Garth”

I think that was more or less what I meant. If the widespread fraud existed then it should have come forward. I believed for a while it might be there, but the proof is in the pudding so I have had to reverse that belief. The system has done its’ job.

#151 No left turn on 01.13.21 at 1:55 am

If Chuck Norris really was at the Capitol Hill mostly peaceful demonstrations… well, there’s a Chuck Norris joke in there somewhere. Arnie says America‘s democracy is like Conan‘s sword…. like… a fake movie prop? He’s right. Pretty sure it was George Carlin that suggested politicians wear jerseys with patches of their sponsors on them like those crappy European league players do. Great idea. An absolutely invisible and possibly inept transportation minister is promoted to foreign affairs. Bonne Chance Canada. To answer the daily question, no money for this guy, keeping what I’ve already amassed thanks to Garth and his sage like advice. Dolce Vita Lives in the meth lab below my apartment. Holding my thumbs for all of you though.

#152 Lady Jane on 01.13.21 at 3:03 am

I don’t know how you do it Garth. You are exceedingly patient but, firm and instructive with all the Covid deniers, Trumptards, tinfoil hatters, and the mentally and reality challenged that share their world views on the comment section of your blog. Kudos to you for trying to enlighten them, it’s a big job as there are so many of them! Before Trump and Covid it was difficult to gauge the levels of utter stupidity within the masses but voila, here we are. Carlin was right when he said “Think of how stupid the average person is, and realize half of them are stupider than that”.

#153 Coastal gal on 01.13.21 at 3:07 am

Save, invest or spend?

Saved all my CERB. Will maybe need to pay some back come income tax time. Want to make sure I have the money.

Will spend in summer:
House needs a new roof so some of my
cerb will go to that. Looking to buy a new fridge with Horgan bucks ($1000 Christmas money in BC).

#154 Mom of 3 on 01.13.21 at 3:24 am

Hubby and I are on the cusp of joining the millionaire club so here it goes. Hubby and I are investing as usual.

#155 Hamsterwheelie on 01.13.21 at 3:58 am

Spend – yes, already bought a new work truck – next big spend is new windows for the house and lots of paint for the outside. We are newly up to our eyeballs in tech and an Oculus for fun and extra excercise.
Save – yes, possibly to build a home elsewhere in Canada or Europe where family live and uh…retirement, someday, I guess.
We are part of the trades that’s booming but as we age we’re stepping back and getting picky about who our clients are. More design and less build means we can be more mobile when the pandemic cools down.
Have travelled the world but not nearly enough of Canada, looking forward to that – aside from the NetFX on Oculus and daily walks to the bay – have taken up birding and upped our donations. Have also continued neighbourhood volunteering over zoom meetings and looks like we’ll have 7 new trees on a particularly brutal stretch of downtown pavement.
So – we can keep this up for another year and we are extremely grateful for our good fortune to be in such a secure place with work, finances and in Canada (i feel like the 2 years of cancer treatments already prepared us for quarantine somewhat and reaffirmed our marriage)- can’t control the world economy so just trying to stay nimble and prepared for whatever comes next. :-)

#156 Hamsterwheelie on 01.13.21 at 3:59 am

Spend – yes, already bought a new work truck – next big spend is new windows for the house and lots of paint for the outside. We are newly up to our eyeballs in tech and an Oculus for fun and extra excercise.
Save – yes, possibly to build a home elsewhere in Canada or Europe where family live and uh…retirement, someday, I guess.
We are part of the trades that’s booming but as we age we’re stepping back and getting picky about who our clients are. More design and less build means we can be more mobile when the pandemic cools down.
Have travelled the world but not nearly enough of Canada, looking forward to that – aside from the NetFX on Oculus and daily walks to the bay – have taken up birding and upped our donations. Have also continued neighbourhood volunteering over zoom meetings and looks like we’ll have 7 new trees on a particularly brutal stretch of downtown pavement.
So – we can keep this up for another year and we are extremely grateful for our good fortune to be in such a secure place with work, finances and in Canada (i feel like the 2 years of cancer treatments already prepared us for quarantine somewhat and reaffirmed our marriage)- can’t control the world economy so just trying to stay nimble and prepared for whatever comes next. :-)

#157 Guelph Guru on 01.13.21 at 4:37 am

Our family did not get any money from Mr. Trudeau. So we are not the ones recruited by Christia and Boys. Saved a bit of gas money due to WFH. Not much though.
Want to get a quadcopter but wifey wants a diamond. Any guesses what’s gonna happen?
Continue to purchase ZEO, ZPR, FFH. XLE, ZRE etc. every month. Plan to buy FDP and KHC today. Will stop on 1st March.

#158 Henny Likewell on 01.13.21 at 5:23 am

DELETED

#159 Alex G. on 01.13.21 at 5:31 am

@#41 Soviet Capitalist on 01.12.21 at 5:02 pm
Not here to argue, just trying to understand the situation objectively.

There is one side claiming there has been no fraud and there is no proof of fraud and there is another side claiming the following as proof:
1. More people voting than registered voters
2. Video showing republican observers not allowed to monitor election process
3. Video showing a suspicious box-like thing with ballots being pulled from an apparently hidden location
4. An apparently signed letter from an employee from an Italian company (Leonardo sPa?) that was used as a testimony in Italy to claim voting machines in USA have been altered for switching votes to Bidden.
5. Some other videos of different people claiming they were ordered to commit voting fraud.
6. Illegally counting votes sent after the election day

Garth, I know you hate Trump, but can you help me, please, by sharing your interpretation of above claims of proof?
Are they all made up?

———————————

If they had actual proof they would have brought it before the judges in court instead of losing 60+ times.

That’s the thing with “non-fact-checked” shows such as Tucker Carlson’s and “free speech” on countless social media platforms: People can say pretty much anything they want. Not so in court. You actually need evidence and proof. And if you just make stuff up and it’s discovered, well, that’s perjury. The few cases that were submitted to the supreme court were outright dismissed (and Trump appointed 3 of the 9 justices).

That’s the thing that drives me crazy with Trump zealots: They get all angry at these fabricated claims but don’t think for a moment if those claims had any validity, then why didn’t Trump’s own lawyers use that evidence in court? Why didn’t they actually allege fraud in court filings instead of just when they’re on Fox news or on social media?

#160 maxx on 01.13.21 at 6:31 am

Could Trump be the world’s most despised politician? Ever?

At any rate, nothing changes at our end. Save, save and save…unless and until rates rise to decent levels. The better people get at stretching a buck, the better they get at it and the more they realize what a load of plasticrap most of retail is.

So, you end up saving even more. We’ll be more than happy to spend into the real economy – if and when we get more value from the way we want to get yield.

#161 BillyBob on 01.13.21 at 6:32 am

The passing of a calendar year is largely irrelevant to be honest. I just plan to stay the course: live within my means, re-invest any dividends, stay alert to opportunities wherever they may present whether investing, travel, employment, education.

Most of all just keep living by The Buffetts Principles. Plural, because I adhere to the tenets of both Warren and Jimmy.

As the latter said, the best revenge is living well. Well, ok maybe he cribbed the Talmud but whatever.

Speaking of our Semite friends, I see my adopted locale is going to consult with the Israelis to learn the best way to get vaccines into the masses.

https://www.praguemorning.cz/president-zeman-asks-israel-for-vaccine-know-how/

Imagine that. One country asking for advice from another to adopt best practices instead of assuming they have it all figured out.

As DV has identified, in Canada the sunshine and ponies roaring 20’s narrative may have to be postponed awhile if the vaccination pace isn’t dramatically picked up.

“By now, it’s become clear that Israel’s vaccine roll-out has been spectacularly successful. Within just a few weeks, it has managed to inoculate about 15 per cent of its population, easily the highest rate in the world. Most other Western countries are in the one to two per cent range, with Canada, as has been well documented, falling well below even that standard.

This disparity is best shown by looking at the raw numbers — Israel has been vaccinating about 150,000 people per day for several weeks, while Canada (with four times its population) is averaging a paltry 20,000.”

Instead of looking for excuses about geography and whatnot maybe tapping some logistics expertise would be a better use of time and energies?

https://nationalpost.com/opinion/andrew-richter-canada-can-learn-a-lot-from-israels-vaccine-roll-out

#162 maxx on 01.13.21 at 6:38 am

Sorry dawgs, substitute “more” for the first “better”.

#163 BillyBob on 01.13.21 at 6:46 am

Sara, you readily came to mind when I stumbled across this tidbit.

I do hope you have been keeping up with your regular screenings, I know that Covid-19 has created challenges to accessing many routine procedures.

https://bit.ly/3oEMli8

#164 Prince Polo on 01.13.21 at 6:54 am

https://www.cnn.com/2021/01/12/politics/first-amendment-explainer-2021-trnd/index.html

“Your comment or post is deleted on an online forum.
It’s a private company, so it’s not a First Amendment issue.”

#165 Rakiki on 01.13.21 at 7:03 am

No government dole for us, but 2020 was our best yearly increase in net worth ever. A big chunk of the gains were from leveraging HELOC and margin accounts to invest in equities at an opportune time in the Spring. Also tax-loss harvested like mad. That will bring a lovely refund this year. Maxed out every possible sheltered account. Investing, investing, investing… building generational wealth for our two future basement dwellers.

#166 Tron Light on 01.13.21 at 7:42 am

#136 Faron on 01.12.21 at 10:12 pm

And I’ve got a deserted island in the Pacific I’d like to sell to you.

#167 crowdedelevatorfartz on 01.13.21 at 8:08 am

@#150 Nonplused
“Anyway Trump is gone in but a week or so.”

+++
He’s no longer President.
His mouth will continue to flap

#168 crowdedelevatorfartz on 01.13.21 at 8:10 am

@#146 YVR crash
“Twitter hypocritically campaigns for free speech after banning Donald Trump”

++++

You’re not a hypocrite when you’re saving the planet from The Donald’s mouth.

#169 crowdedelevatorfartz on 01.13.21 at 8:13 am

@#141 Drill
“Can’t wait to see how the LPC will try and sell an election for this spring. During a pandemic when nowhere near enough people have been vaccinated?”

+++++

No one accused Liberals of being smart……just smarter than the sheeple that vote for them.

#170 crowdedelevatorfartz on 01.13.21 at 8:31 am

@#161 Billybob
“Instead of looking for excuses about geography and whatnot maybe tapping some logistics expertise would be a better use of time and energies?”

+++

How DARE you suggest that our politicians and bureaucrats arent the best at TRYING.

They’re also world class talkers

#171 the Jaguar on 01.13.21 at 8:42 am

@#161 BillyBob on 01.13.21 at 6:32 am

One reason Israel has accomplished what it has with the vaccine is because it is ‘unified’. A lot can be accomplished when everyone is ‘on side” in pursuit of a common goal, especially when it is a country that has had to struggle and improvise for its survival.

I don’t see that so much here in Canada. Each province just looking after its own self interest. Guy from New Brunswick who buys beer in Quebec gets fined, retaliation from Saskatchewan against contractors from Alberta, individual provinces warning people from other provinces to “stay away because they are not welcome”. I won’t even mention the agenda by some to kill the oil and gas industry because it is so well documented. Quebec wants out, the West wants out or in depending on what day of the week, etc. Maybe the symbol on our national flag should be crabs stepping on one another as they try to escape the crab pot instead of the maple leaf.
One might think in a time of national health crisis we could all pull together, but I see little evidence of it.

#172 Cheese on 01.13.21 at 8:51 am

Picked XEG instead of ZEO during the slump, again I make the worst choices. Rio can also performed poorly. Like Sisyphus, I am bound to hell.

#173 Re-Cowtown on 01.13.21 at 8:53 am

It will be interesting how the Greens/Liberals/NDP try to spin this one: a natural gas fired electrical plant with zero CO2 emissions. I’ll go out on a limb and say they’ll come up with some way to try to ban the technology as it blows apart their “fossil fuel bad” narrative. If it’s good for Alberta the Greens/Liberals/NDP want it banned.

https://www.forbes.com/sites/jeffmcmahon/2021/01/08/net-power-ceo-announces-four-new-zero-emission-gas-plants-underway/?sh=b9ca72b175b3

#174 Sky on 01.13.21 at 8:53 am

In addition to impeachment #2, there’s now talk of stripping Trump of his retirement benefits. Among the perks :

“Travel Expenses: Chief Executives and up to two staff members are reimbursed for up to $1 million in costs annually. Spouses of former Presidents also are eligible for up to $500,000 per year for security and official travel.”

https://www.ntu.org/foundation/tax-page/pensions-and-perks-for-former-presidents-archive

The USA congress is coming across as simply petty & vindictive. Which of course they are. But it’s seriously time to MOVE ON.

Instead, it looks like they have every intention of turning Trump into a martyr & further enraging his supporters.

Will they also go full banana republic with a post-presidential persecution via the MSM & an endless stream of lawfare? My guess is – yes.

Talk about regressive politics! These guys need to get put in separate sandboxes until they stop bashing each other on the head with their beach pails and shovels.

Provide a link for the ‘talk of stripping benefits’ from Trump. Seems doubtful. – Garth

#175 Sail Away on 01.13.21 at 8:54 am

#126 cristian on 01.12.21 at 9:22 pm
The essence of lockdowns IMO

They (government)
want everyone to stay home (feeling hopeless and afraid, instead of outraged and unruly) while they deliberately collapse the economy, print trillions of dollars (debasing all national currencies), and transfer all the wealth from the middle class to multinational mega-corporations and elite billionaires.

“I give up. Stupid wins. – Garth”

—————–

And he calls himself a Cristian!

#176 OK, Doomer on 01.13.21 at 9:01 am

140 Drill Baby Drill on 01.12.21 at 10:42 pm
DuescheBank is going to call the Orange idiots loans. $30MM worth.
++++++++++++++++++++++++++

Calling Trump’s loans is nothing more that Deutsche Bank’s attempt to suck up to Biden and stay out of the DOJ’s crosshairs for the myriad of shady deals that they’ve been involved with over the years.

If you’re looking to multi-national corporations for examples of JFK’s “Portraits In Courage” you’re looking in the wrong place.

The bank is following prudent practice. The loans will likely become non-performing. – Garth

#177 IHCTD9 on 01.13.21 at 9:08 am

#171 the Jaguar on 01.13.21 at 8:42 am
@#161 BillyBob on 01.13.21 at 6:32 am

One reason Israel has accomplished what it has with the vaccine is because it is ‘unified’. A lot can be accomplished when everyone is ‘on side” in pursuit of a common goal, especially when it is a country that has had to struggle and improvise for its survival.

I don’t see that so much here in Canada. Each province just looking after its own self interest. Guy from New Brunswick who buys beer in Quebec gets fined, retaliation from Saskatchewan against contractors from Alberta, individual provinces warning people from other provinces to “stay away because they are not welcome”. I won’t even mention the agenda by some to kill the oil and gas industry because it is so well documented. Quebec wants out, the West wants out or in depending on what day of the week, etc. Maybe the symbol on our national flag should be crabs stepping on one another as they try to escape the crab pot instead of the maple leaf.
One might think in a time of national health crisis we could all pull together, but I see little evidence of it.
___

Ah, the joys of being the first “postnational state”.

The Trudeau Libs are going to need to learn very old lessons over again.

#178 David Hawke on 01.13.21 at 9:20 am

#21 Pete from St. Cesaire on 01.12.21 at 4:25 pm

An excellent post, a tad overexuberant on the failed medical (un)care system though.

#179 Sky on 01.13.21 at 9:26 am

Provide a link for the ‘talk of stripping benefits’ from Trump. Seems doubtful. – Garth

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

CNBC Squawk Box… plus CNN ( caught it on CNN during a CNBC commercial break). Requires a congressional vote.

Also CNBC this am :

Dr. Scott Gottlieb (who sits on the board of Pfizer) in a discussion with Joe Kernan – No evidence yet that the Pfizer-BioNTech vaccine confers immunity OR stops transmission. Echoing what both the WHO & Pfizer CEO have previously stated.

“WHO’s chief scientist, Dr. Soumya Swaminathan, noted on Monday that the agency had not established whether the COVID-19 vaccines being administered across the US and in Europe prevented people from getting the virus and passing it to others.”

https://www.businessinsider.com/who-says-no-evidence-coronavirus-vaccine-prevent-transmissions-2020-12

(a) Get vaccinated. It is your social responsibility. (b) Squawk Box is one of the least credible sources in the MSM. – Garth

#180 Dharma Bum on 01.13.21 at 9:43 am

#31 gfd

Starbucks to close up to 300 stores in Canada by end of March. By Staff The Canadian Press. Posted January 12, 2021
——————————————————————–

Really?

Oh, that’s too bad.

Now there will be a Starbucks on only 3 out of every 4 corners.

How will we survive?

#181 IHCTD9 on 01.13.21 at 9:47 am

#80 the Jaguar on 01.12.21 at 6:51 pm
@#146 IHCTD9 on 01.12.21 at 2:53 pm
Your attention and memory for detail are a scandal IHCTD9.

However it wasn’t the uniform that drew my intense gaze and interest that day, but the pristine condition in which it was kept, and its perfect fit on a divine specimen. The guy oozed confidence, competence, and purpose. He had no idea I was taking in every detail.

That’s what is so alluring, of course. Irresistible. Of all the train cars in all the world he walked into mine. Just makes you smile, doesn’t it? Sigh….
___

I think BB should tell us some of his “wearing a Pilot Uniform” stories (provided the GF does not read the blog of course).

You know, for Science.

#182 Dharma Bum on 01.13.21 at 9:51 am

How am I gonna spend my saved up bags of cash?

I’m gonna git me the most expensive toilet in the world.

When the next pandemic arrives, you won’t find me waiting in long lineups due to toilet paper shortages.

No sirree.

I’m gettin’ me one of them space statdion toilets.

Only $19 million!

https://moneyinc.com/the-five-most-expensive-toilets-in-the-world/

#183 Sky on 01.13.21 at 10:02 am

“Squawk Box is one of the least credible sources in the MSM.”

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

The market’s the market. The numbers don’t change no matter which business channel you watch.

It’s a clown show regarding the hosts. But, I like to get my news straight out of the horse’s mouth & Squawk Box has plenty of interviews with USA governors & CEOS.

#184 NoName on 01.13.21 at 10:04 am

@ cristian

About the essence of lockdowns… And few deep randome toughts.

—-

Hello christine i hate an idea of lockdowns my self, they wont stop it but they can slow it enough and get us to vaccine and warm weather. At least Ontario lockdown is not as bad as the one in quebec.

Did you hear about that wife who was walking husband on a leash and told a cop she was walking a dog, before.dude handed tjem.a.1500cad ticket.

Let me give you one couple of anegdots. They seam popular now days.

Couple of days before Christmas icu beds were 260-ish with covid patients, yesterday 380-ish (ontario if i got numbers corect). Where i live some hospitals are at capacity or close to it while i don’t know status fo the remaning. Its on internet.

So plan accordingly, and don’t have hardatack or god forbid stroke. Keep on mind there are only so many icu beds in ontario.

There is a study that show that shows close to 20% of hospitalization are nurse related, keep in mind there are doctors and orderly in close contact, study dont cover them i think.

—–
Anedoctal thing from other counrty, so youll have to take my word for it.

*** Not in this country so there is no confusion here. ***

Last month my sister who is a nurse brought covid to her family and lickely infected only one i was ruding.for BIL but her teenage kids drow shorter straw.

They are fine now.

But here is a kicker 15-ish other nurses were also infected in a hospital with in a week, hospital was kept only with skeleton crew, while rest of the nurses from there were volontiring at covid hospital. She works where hardatack and bypass surgery.

Anyways just press play. *** Explicit *** but decently coeoragraphed and funny, cant wait to see one for this year.

https://www.youtube.com/watch?v=zCsVp6hRTsA

#185 Don Guillermo on 01.13.21 at 10:19 am

#161 BillyBob on 01.13.21 at 6:32 am

Most of all just keep living by The Buffetts Principles. Plural, because I adhere to the tenets of both Warren and Jimmy.
********************************

I knew there was a reason I enjoy your posts:

“Ran into a chum with a bottle of rum and we wound up drinkin’ all night”

JB /Changes in Latitudes, Changes in Attitudes.

#186 KLNR on 01.13.21 at 10:24 am

@#180 Dharma Bum on 01.13.21 at 9:43 am
#31 gfd

Starbucks to close up to 300 stores in Canada by end of March. By Staff The Canadian Press. Posted January 12, 2021
——————————————————————–

Really?

Oh, that’s too bad.

Now there will be a Starbucks on only 3 out of every 4 corners.

How will we survive?

Don’t worry. they’re replacing the ones they shut down with drive-thru versions apparently.

#187 George S on 01.13.21 at 10:54 am

#21 Pete said (among other things):
“It’s ironic that the old adage of “the needs of the many outweigh the needs of the few” is being used to justify lockdowns and curfews when in reality these measures are destroying the whole of society in a vain attempt to save the supposed 0.01% who are deemed to be at risk.”

During the lockdowns when you obviously have some time on your hands you should talk to your local school and get access to the online grade 1, 2, and 3 arithmetic classes and brush up on your simple arithmetic skills. 100% of the population is at risk from COVID and its side effects which include overloading the medical system and ICUs so that people that need to be hospitalized for something other than C19 are not able to receive adequate medical interventions. Even people who are immune to C19 from vaccination or having the disease are still at risk from this problem.
To claim that only 0.01% of the population is at risk is an outright falsehood when (for example) in the United States 0.1% of the population has died from it already. It makes everyone wonder what else is misinformation in your statements.

On another note, a $1 billion battery is maybe enough to buffer a smallish power plant for a while. Batteries are very expensive. You need to know the MWh capacity of the battery in order to make claims about it. The h after the MW is very important because it tells you the capacity of the battery in hours of output at a given load on the battery.

#188 Doug in London on 01.13.21 at 11:02 am

39% will trash debt; 37% will save.
———————————————————
Well, let’s look on the bright side. For years and years and years and years we’ve heard from many sources about how Canadians have a ridiculously low savings rate and high debt to income ratio, including here on this blog. It looks like at long, long, long last we’ve learned something about money management our grandparents and great grandparents knew but has been forgotten in this age of reckless consumerism.

#189 Doug t on 01.13.21 at 11:38 am

#148 fishman

I like the cut of yer jib

#190 mauri on 01.13.21 at 11:41 am

This blog is bipolarly funny, it goes from saying:

A. no one can forecast, its too complicated, history never repeats itself, don’t listen to pundits, yadayadayada

to saying:

B. however it is very clear that such and such will happen therefore do this or that

What it does for its cult followers is building made up stories to explain what already has happened, and then saying, well of course this happened, forget about what i predicted before, nobody saw this coming, but given that such and such happened, it is obvious that such and such story happened. I told you so !!!!

(a) The past guides, but does not foretell, the future, and (b) did I make you come here? – Garth

#191 Cowtown Cowboy on 01.13.21 at 11:45 am

#138 Hogtied on 01.12.21 at 10:19 pm
#66 Cowtown Cowboy on 01.12.21 at 5:59 pm

If 2021 is anything like 2020, we might be looking at picking up a little Vacay place in BC. Managed to put about $120k in the bank, got a little debt to get rid of and some mortgage to whack, and i’m still working on the wife to let me get the Harley!…it’s a tough sell.
We definitely had our best year during one of the worst on record…weird but I can’t complain…looking to retire in no more than 10 yrs so i need to get another $1mil put away then it will be sun tan oil and margaritas.

_____________________________________

Cowtown, tell your wife you’ll throw in a $1 million dollar life insurance policy on yourself and you’ll be sailing down that highway on your new hog when spring hits!

How do you cowboys say it …. yeehaaa!

P.S. Your imminent death will no doubt be cited as a COVID-19, so make sure you have the appropriate pandemic rider in your policy.

It’s actually ‘Yahoo’ as per the Stampede…I have a $1mil policy, hope she never gets to cash it!

It has been about 30yrs since I last had a bike..sans license of course,so I’m had a tad cautious…that’s why I’m going low and slow…

#192 Sky on 01.13.21 at 11:46 am

Here’s a print link for you, Garth.

“U.S. President Donald Trump risks losing benefits a former president is entitled to, including a lifetime pension and up to $1 million per year for security and travel, if he is removed from office by impeachment.”

https://asia.nikkei.com/Politics/US-elections-2020/Trump-faces-loss-of-pensions-and-perks-if-removed-from-office

To lose his benefits, Trump does need to be impeached in the senate as well. But that doesn’t stop the MSM ghouls from drooling & dreaming.

The house impeachment is disgusting — Yet another pointless Democrat spite & malice display.

But that doesn’t stop me from watching. I’m in it for the fashion freak show. Especially the D congresswoman with the half black/half purple hair, violent purple fingernails, & color coordinated deep purple mask. Reminds me of the good old pre-Covid days. The Before Times.

Duh. Of course. Impeached means you are cut off from all political spoils. And impeached he should be. A traitor who called for and encouraged the overthrow of a democratic process. – Garth

#193 SeeB on 01.13.21 at 11:50 am

#76 Tron Light on 01.12.21 at 6:38 pm

Let me get this straight – for 4 years the Democrats called election fraud, interference or whatever you want to call it by the Russians but this time when they win, there was no election fraud whatsoever???

—————————————————————

Interference is different from fraud in that a foreign actor was involved. I agree however, the narrative that Trump was working directly with them was overblown and wrong. While he benefited from the interference, there is not enough proof to show he sought it, so no suits on the election.

As for the main difference between Dems calling fraud and Trump, that would be the fact that Trumps claims were tested in court over 60 times and thrown out.

The only suit they ever won was allowing observers to stand 6 ft closer to the poll counters. They asked the PA gov to relax the Covid rules to allow a saner observation distance and everyone agreed. That’s it. After that, pure lies and buffoonery.

#194 Blobby on 01.13.21 at 12:00 pm

#179 Sky: I know thinking is hard, but a Vaccine gives your body the tools to fight an infection. It doesnt create some invisible forcefield around you to stop it entering your body in the first place. So, yes, of course you’ll be able to spread it during the time you catch it and before your body as fought it off.

That’s why the majority of people need a vaccine for it to be efficient. And why a group of scaredy cat wimps who are too scared to take a little prick in the arm – could screw everything up.

And dont get me started at the people who are afraid of wearing a piece of cloth on their face… It’s strange that society has bred such selfish scared wimps – “boo hoo, that big bad piece of cloth said nasty things about me, Im not going to wear it, it’s a meany”.

#195 Sail Away on 01.13.21 at 12:03 pm

#190 mauri on 01.13.21 at 11:41 am

[the blog says] …given that such and such happened, it is obvious that such and such story happened. I told you so !!!!

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Hindsight is 2020. Literally, this year.

#196 Sky on 01.13.21 at 12:04 pm

Go ahead and delete. But I’m having trouble taking this ” insurrection” seriously when this guy is one of the leaders of the rabble & looking @ 10 yrs in prison.

Watch the 1 minute interview. It is priceless. LOL

https://twitter.com/RaheemKassam/status/134922171020107776

#197 Diamond Dog on 01.13.21 at 12:29 pm

I’ve got a few themes rolling around in my head this morning, mainly predicated on ethics. Garth has rightly so brought corporate political donations drying up for both Republicans who voted against the college electoral vote results and political parties in general. It’s a big issue and goes to the heart of the SWAMP itself.

Firstly, why are corporations pulling donor funding? Is it ethics? Do corporate board members care about democracy and the rule of law and too much corporate control in politics like anyone all other sane people? Do they connect to the reality that corporations writing their own laws and regulations through legal bribery, is creating a nation ruled by greed and avarice where money is deciding everything and the price is shorter lifespans not only for corporate board members but their children through marked quality drops in air, water, land and the food supply?

Are accountants and internal research telling these same corporations that the market place is only as healthy as the consumer? That direct interference on people’s health shortens lifespans, makes adults less fertile and kills the market place, that when corporations look at the long game, short term gain doesn’t equate to the long term health and sustainability of the market place itself? Are corporate leaders getting it?

Or, did corporations take one look at Biden’s choice for AG and didn’t like the exposure they had to the Trump administration with corporate donations leading directly to corporations writing their own laws and dictating their own regulations and didn’t like the domino effect of crashing reputations this crash and burn Trump train will leave behind… is it both? Good ethics and smart business?

Anyone who has examined the issue of private/public funded elections knows that there is only one way to drain the swamp in U.S. politics and political systems world wide, including Canada and that’s to end the swamp itself and have incumbent governments pass laws for publicly funded elections. The only way to keep private and public corporations out of the government decision making process outright, is ARMS LENGTH and that means publicly funded elections:

https://kyma.com/news/capitol-protests/2021/01/12/extraordinary-corporate-revolt-over-campaign-donations-shakes-political-world/

To that end, Canada can teach the U.S. a thing or two. Chretien introduced publicly funded elections at the cost of $1.75 a vote not so long ago, until Harper decided we needed the prospects of WE scandals in politics because Harper felt he had the competitive edge with private fundraising with corps and in the interests of serving himself, the Harper government voted out publicly funded elections.

At the time, individuals oh, like myself heavily criticized the move with arguments like “what if the Harper government abuses the privilege of private donations leading to a scandal or worse, those scandalous Liberals do it? Y’know, like WE. No, instead said criticisms were ignored and good laws fall to the wayside for inferior laws purported to attract a “special kind of political talent” and as such more WE scandals in the future are systemically assured until a governing political party comes back to it’s senses and serves the people.

The lesson here is, if we don’t at first succeed, try and try again. Introduce the same publicly funded election laws, get them passed and see if we can’t have another decade streak without scandal and perversion of judgement, wouldn’t that be nice and while we’re at it, introduce a constitutional amendment to enshrine such laws if that chance ever presents itself so we don’t have what has grown way beyond obscene in the U.S. which is corporations writing their own regulations and laws that govern them, dark money flowing into systems of justice and a perversion of the institutions of law and order.

In the U.S., publicly funded elections mean passing laws that would be overturned within a decade just like Harper did in Canada and if not, it would be challenged in the courts and at some point over ruled by the Supreme courts because of who their SCJ’s serve and the only way to stop this back and forth effort of self serving politicians working hard to keep the system corrupt… is a constitutional amendment that would take a 2/3’rds vote in both houses and support from the WH.

Pipe dream? Most likely, yes. Impossible? All three houses just turned blue and Republicans will continue to bleed support over the crash and burn Trump train. If scandal is followed by excellent governance, anything is possible but the time to plant these seeds is now:

https://www.youtube.com/watch?v=UhJY9-OE5vk&t=90s

#198 Sail Away on 01.13.21 at 12:30 pm

#66 Cowtown Cowboy on 01.12.21 at 5:59 pm

If 2021 is anything like 2020, we might be looking at picking up a little Vacay place in BC.

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To each their own… we used to have a place on Cowichan Lake. Man, the time, effort and logistics! Selling it removed a huge weight.

Now we rent for vacations. Anywhere in the world.

Somebody else can deal with gutters, water filters, wells, septic systems, heat, lawn, downed trees, downed lines, breakins, vandalism, etc. And then there’s always that time you let acquaintances use it… and return to a disaster. Awkward!

Undeveloped land and a tipi is perfect.

#199 OK, Doomer on 01.13.21 at 12:36 pm

The bank is following prudent practice. The loans will likely become non-performing. – Garth

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I’m not even sure how to respond to this. It’s either a prescient and brilliant insight into the machinations of international banking or a willing disregard for due process based on a personal dislike. Not sure whether to be impressed or depressed.

Standard banking practice when a debtor is descending. – Garth

#200 Faron on 01.13.21 at 1:10 pm

PSA on Canadian sector ETFs: Don’t fool yourself into thinking you hold much “diversity” when you purchase such. Today ATB.B bit it to the tune of 10% and that has dragged down XST by 3%. XST holds 10 names, the largest of which is ATD.B. The same could go for XUT which holds 10 names.

In a relatively small and very concentrated market like the TSX, sector ETFs don’t make a ton of sense. If you are a six figure investor, your shouldn’t be messing with sectors and if you are a larger scale investor, you could consider simply holding the underlying names and avoid the MER.

That said, I currently hold XUT as a proxy for a green energy ETF. And I have no business holding sectors, so take my advice with appropriate grains of salt.

#201 Gravy Train on 01.14.21 at 12:51 pm

#150 Nonplused on 01.13.21 at 1:32 am
“[…] And so far as I can tell everyone is pretty good [at] doublethink.[…]” Spoiler alert: Winston Smith wasn’t good at it—which was the reason he ended up in Room 101.