Tough love

Ontario’s conflicted premier locked down the province this week. Well, sort of. Public health skeptics say little has been done to change people’s behaviours and, after all, Costco and Wal-Mart are still open. The subway’s still running. Maskless families are still jamming up the parks. And, yup, the infections are still rising, in the LTC homes among the oldies, and in the community at large.

In the country’s most populated province cases are running at about 3,000 a day. The warnings are that this will be 10,000 every 24 hours within four weeks. Then, if you need to go to the hospital for your kid’s broken leg or some breast cancer treatment, good luck. The system will no longer function. It is a disease of the few which impacts all.

Quebec’s in a state of emergency, too. Plus a curfew. These days you can’t drive through New Brunswick and stop for a pee. That’s illegal. Take a jar. Now people getting on flights to Canada will have to test negative for the virus, which the airlines say is killing them. More routes cut this week, by the way. Working from home is now mandatory in Ontario and Alberta. People entering NS have to quarantine for 14 days, but no self-isolation if you’re flying into YVR from Toronto.

The rules across the country are inconsistent, capricious, constantly changing, confusing and increasingly lethal to the economy. As it turns out, Canada is not a lot smarter, healthier or better run than the USA where states are as messed-up crazy inconsistent with Covid as they are with gun regs.

Well, here are some consequences as to how this relates to your house and net worth (what else matters, eh?).

First we might get a Bank of Canada mini-chop next Wednesday when the CB reviews its interest rate policy. If it happens, thank Doug Ford. The new state of emergency he just imposed is flawed and weird, but it will likely crush a lot more indie businesses, cost more jobs in the services industry, lead to increased retailer bankruptcies and retard the economic recovery promised by vaccines.

Is all this necessary?

You bet, if these rates of infections and deaths keep rising. Widespread vax dosing can’t come soon enough. But before herd immunity happens, we’re in for a couple of months of misery. That’s why the central bank will try to mitigate things with a cut of maybe 10 or 15 basis points, which will reduce the price of short and variable mortgages. You may be tempted. But resist.

The feds don’t control the bond market, where yields have risen. Now with free-spending Dems taking over in Washington, the cost of debt will surely be rising and the price of that debt (bonds) falling. Ad 2021 progresses and the slimy little pathogen (not Mr. Ford) retreats, mortgages will not be as they are now, at 1.3%.

Lock in. And while you’re at it, stay in. We’ll come for you in April.

         

Now about Vancouver. Wow. December was nuts. The price of a detached home is closing in on insane 2017 levels (in Toronto the market has sailed past that point). Last week this blog quoted an expert source saying the escalation was just the beginning of a big surge after three years of backsliding.

Is that credible?

Here’s an opposing view. The argument is that Covid so seriously depressed inventory levels while at the same time making people house lustier than usual (especially for properties with a door to the street and dirt) that prices distorted. The average detached valuation soared to $1.77 million – the highest since the spring of ’18 and a scant 3% below the all-time orgiastic pinnacle of $1.8 million.

YVR property bad boy analyst Dane Eitel points out that 2020 saw the smallest number of listings in 15 years, at the same time mortgage rates crashed and the nesting impulse blossomed. The perfect storm, he says. And it can’t last.

More vaxing will bring more seller confidence and increased listings, while the cost of home loans will surely rise. Mortgage arrears will rise, he adds, while the bug causes a lot of economic damage, “just as government stimulus wanes.”

The advice: wait to buy because until the number of listings swells. And if you want to bail out for top dollar, this is your come-to-Jesus moment.

“We believe the impact of a deteriorating economy will force the home prices back lower in the market cycle to test previously established price points. Going forward the key to the detached market can be reduced to one factor, supply. With home prices back up to the 2016 levels coupled with an economy that is not recovering nearly as fast as the housing market would indicate. The Covid vaccine is seemingly on the way, coupled with higher prices than 2019 and 2020, means owners who put selling their property on the back burner may refocus during 2021. Again the current inventory is only at 2,762 signalling the lowest level in 15 years. This creates an excellent selling opportunity for home owners.”

This is market-timing advice, of course. As this pathetic blog keeps saying, only buy if you really need a house and can afford it without gutting your finances or imperilling your family. But the spring of ’21 might well go down as a poor time to be making an offer. Anywhere.

181 comments ↓

#1 Love_The_Cottage on 01.13.21 at 1:46 pm

I was talking to a guy from 8 feet away at the beer store (my only outing in the past 2 weeks) who said he just sold his townhouse in Peel. 23 offers. Rates will go up at some point, but I think the demand is actually stronger than people think. If prices even hint at coming down there is a lineup for housing just like at the local Timmy’s.

Actually history shows demand rise and falls along with prices – inversely. – Garth

#2 Sail Away on 01.13.21 at 1:46 pm

#200 Faron on 01.13.21 at 1:10 pm

I currently hold XUT as a proxy for a green energy ETF.

———-

Haha. I hold Smith and Wesson as a proxy for the End Gun Violence movement.

#3 Doug t on 01.13.21 at 1:48 pm

lets just hope Mr. virus (gender correct?) doesn’t morph into something worse –

#4 walltiger on 01.13.21 at 1:57 pm

Hi Garth, what I am posing today might be a little off topic, but I hope it will get posted. The reason fort this post is because I see so many China haters on this site and no one ever raised any objection.

I came to Canada with my parents from China in 1982, I was 16. Like most immigrants at that time, we had nothing. My parent struggled and worked for menial jobs while I attained a good education. Fast forward 38 years, our family rose from the bottom 5% to the top 1%. We are forever grateful to Canada.

I am retired this year and is planning to move back to China, yes, China, that evil, dark and repressive country the western world painted for all of you. Below is an article written by a Malaysian in which he factually and succinctly tells the world how China really is and I agree.

“I’m a Malaysia Chinese. China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the Dutch came. In the 18th century the British came. We were colonised by each, one after another.
When China wanted spices from India, they traded with the Indians. When they wanted gems, they traded with the Persian. They didn’t take lands. The only time China expanded beyond their current borders was in Yuan Dynasty, when Genghis and his descendants Ogedei Khan, Guyuk Khan & Kublai Khan concurred China, Mid Asia and Eastern Europe. But Yuan Dynasty, although being based in China, was a part of the Mongolian Empire.
Then came the Century of Humiliation. Britain smuggled opium into China to dope the population, a strategy to turn the trade deficit around, after the British could not find enough silver to pay the Qing Dynasty in their tea and porcelain trades. After the opium warehouses were burned down and ports were closed by the Chinese in ordered to curb opium, the British started the Opium War I, which China lost. Hong Kong was forced to be surrendered to the British in a peace talk (Nanjing Treaty). The British owned 90% of the opium market in China, during that time, Queen Victoria was the world’s biggest drug baron. The remaining 10% was owned by American merchants from Boston. Many of Boston’s institutions were built with profit from opium.
After 12 years of Nanjing Treaty, the West started getting really really greedy. The British wanted the Qing government:

1. To open the borders of China to allow goods coming in and out freely, and tax free.

2. Make opium legal in China.

Insane requests, Qing government said no. The British and French, with supports from the US and Russia from behind, started Opium War II with China, which again, China lost. The Anglo-French military raided the Summer Palace, and threatened to burn down the Imperial Palace, the Qing government was forced to pay with ports, free business zones, 300,000 kilograms of silver and Kowloon was taken. Since then, China’s resources flew out freely through these business zones and ports. In the subsequent amendment to the treaties, Chinese people were sold overseas to serve as labor.
In 1900, China suffered attacks by the 8-National Alliance(Japan, Russia, Britain, France, USA, Germany, Italy, Austria-Hungary). Innocent Chinese civilians in Peking (Beijing now) were murdered, buildings were destroyed & women were raped. The Imperial Palace was raided, and treasures ended up in museums like the British Museum in London and the Louvre in Paris.
In late 1930s China was occupied by the Japanese in WWII. Millions of Chinese died during the occupancy. 300,000 Chinese died in Nanjing Massacre alone.
Mao brought China together again from the shambles. There were peace and unity for some time. But Mao’s later reign saw sufferings and deaths from famine and power struggles.
Then came Deng Xiao Ping and his infamous “black-cat and white-cat” story. His preference in pragmatism than ideologies has transformed China. This thinking allowed China to evolve all the time to adapt to the actual needs in the country, instead of rigidly bounded to ideologies. It also signified the death of Communism in actually practice in China. The current Socialism+Meritocracy+Market Economy model fits the Chinese like gloves, and it propels the uprise of China. Singapore has a similar model, and has been arguably more successful than Hong Kong, because Hong Kong being gateway to China, was riding on the economic boom in China, while Singapore had no one to gain from.
In just 30 years, the CPC have moved 800 millions of people out from poverty. The rate of growth is unprecedented in human history. They have built the biggest mobile network, by far the biggest high speed rail network in the world, and they have become a behemoth in infrastructure. They made a fishing village called Shenzhen into the world’s second largest technological centre after the Silicon Valley. They are growing into a technological power house. It has the most elaborate e-commerce and cashless payment system in the world. They have launched exploration to Mars. The Chinese are living a good life and China has become one of the safest countries in the world. The level of patriotism in the country has reached an unprecedented height.
For all of the achievements, the West has nothing good to say about it. China suffers from intense anti-China propagandas from the West. Western Media used the keyword “Communist” to instil fear and hatred towards China.
Everything China does is negatively reported.
They claimed China used slave labor in making iPhones. The truth was, Apple was the most profitable company in the world, it took most of the profit, leave some to Foxconn (a Taiwanese company) and little to the labor.
They claimed China was inhuman with one-child policy. At the same time, they accused China of polluting the earth with its huge population. The fact is the Chinese consume just 30% of energy per capita compared to the US.
They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per muslim than the US.
When terrorist attacks happened in Xinjiang, China had two choices:

1. Re-educate the Uighur extremists before they turned terrorists.

2. Let them be, after they launch attacks and killed innocent people, bomb their homes.

China chose 1 to solve problem from the root and not to do killing. How the US solve terrorism? Fire missiles from battleships, drop bombs from the sky.

During the pandemic,

When China took extreme measures to lockdown the people, they were accused of being inhuman.

When China recovered swiftly because of the extreme measures, they were accused of lying about the actual numbers.

When China’s cases became so low that they could provide medical support to other countries, they were accused of politically motivated.

Western Media always have reasons to bash China.

Just like any country, there are irresponsible individuals from China which do bad and dirty things, but the China government overall has done very well. But I hear this comment over and over by people from the West: I like Chinese people, but the CPC is evil. What they really want is the Chinese to change the government, because the current one is too good.
Fortunately China is not a multi-party democratic country, otherwise the opposition party in China will be supported by notorious NGOs (Non-Government Organization) of the USA, like the NED (National Endowment for Democracy), to topple the ruling party. The US and the British couldn’t crack Mainland China, so they work on Hong Kong. Of all the ex-British colonial countries, only the Hong Kongers were offered BNOs by the British. Because the UK would like the Hong Kongers to think they are British citizens, not Chinese. A divide-and-conquer strategy, which they often used in Color Revolutions around the world.
They resort to low dirty tricks like detaining Huawei’s CFO & banning Huawei. They raised a silly trade war which benefits no one. Trade deficit always exist between a developing and a developed country. USA is like a luxury car seller who ask a farmer: why am I always buying your vegetables and you haven’t bought any of my cars?
When the Chinese were making socks for the world 30 years ago, the world let it be. But when Chinese started to make high technology products, like Huawei and DJI, it caused red-alert. Because when Western and Japanese products are equal to Chinese in technologies, they could never match the Chinese in prices. First world countries want China to continue in making socks. Instead of stepping up themselves, they want to pull China down.
The recent movement by the US against China has a very important background. When Libya, Iran, and China decided to ditch the US dollar in oil trades, Gaddafi’s was killed by the US, Iran was being sanctioned by the US, and now it’s China’s turn. The US has been printing money out of nothing. The only reason why the US Dollar is still widely accepted, is because it’s the only currency which oil is allowed to be traded with. The US has an agreement with Saudi that oil must be traded in US dollar ONLY. Without the petrol-dollar status, the US dollars will sink, and America will fall. Therefore anyone trying to disobey this order will be eliminated. China will soon use a gold-backed crypto-currency, the alarms in the White House go off like mad.
China’s achievement has been by hard work. Not buy looting the world.
I have deep sympathy for China for all the suffering, but now I feel happy for them. China is simply going back to where they belong. 中国万岁!!!!”

#5 Grammar Police on 01.13.21 at 1:58 pm

“The new state of emergency he just imposed is flawed and weird, but it will likely crush a lot more indie businesses, cost more jobs in the services industry, lead to increased retailer bankruptcies and retard the economic recovery promised by vaccines.”

Please note: the term ‘retard’ is not to be used as a verb; the acceptable use is as an adjective describing Stan Brooks or Nonplussed.

You will not receive an offence notice for this infraction, just this warning.

#6 Dogman01 on 01.13.21 at 1:59 pm

World’s leading vaccination nations will soon open up, but not Canada

https://edmontonjournal.com/opinion/columnists/david-staples-worlds-leading-vaccination-nations-will-soon-open-up-but-not-canada

Can’t make vaccines and cant make PPE….

I experienced highway construction in the US and in Canada. It is remarkable the efficacy the US has in getting it done and done well and done fast.

I am not sure why Canada seems to lack agency perhaps; “Cause everything moves real slow when it’s forty below”.

Avro Arrow – gone aircraft industry
Nortel – gone telecommunications industry
Blackberry – gone mobile phone leadership
Oil & Gas Sector – gone leadership in innovation and efficiency , leading environmental standards

Can’t understand how Old Age homes are a problem 7 months after we knew Old Age homes are the problem.

Can’t understand how we did not ramp up ICU beds when 7 months ago we knew ICU beds would be a stress point.

When did we decide mediocre was good enough eh?

We used to have an aircraft carrier with Jets! https://www.youtube.com/watch?v=nIHuCo26_8Q

#7 Frank Deshond on 01.13.21 at 2:01 pm

If the Bank of Canada cuts interest rates it is because they are socialists as they are since 2008.

#8 Linda on 01.13.21 at 2:02 pm

I keep getting these flights on sale offers but simply can’t justify buying until I feel confident that I will actually be able to travel. As in, quarantines no longer required & borders are open. Plus I’d like to have been vaccinated, which means the earliest I can reasonably expect to be able to make travel plans of any kind is maybe September 2021. I still have hope that I’ll be able to be vaccinated by then, though given the issues with supply/delivery thus far that hope seems to be a tad over optimistic.

Despite the doom/gloom due to the economic fallout, I do believe markets will have a better than decent rate of return this year. After all they managed to pull out of quite the pit of despair in 2020, which was a very pleasant outcome given how they had plunged earlier in the year. Regarding RE, good golly. Prices are too crazy, so if one can find a place with dirt for rent I’d suggest doing just that until the crazy subsides – if it ever does!

#9 Bill zufelt on 01.13.21 at 2:04 pm

With “free money” housing prices are kind of irrelevant–nobody gives a hoot if it costs$850,950 or 1.5 mill if they can get approved for 1.3%(going lower next week and lower again by Fall).The economy will be in the crapper for years and so will interest rates—they may even go negative which won’t mean negative mortgage rates but it won’t man higher rates either.The US and Canadian dollars will get hit to try and compensate for the run away/ridiculous asset values(housing mostly)

#10 Faron on 01.13.21 at 2:04 pm

#2 Sail Away on 01.13.21 at 1:46 pm

#200 Faron on 01.13.21 at 1:10 pm

I currently hold XUT as a proxy for a green energy ETF.

———-

Haha. I hold Smith and Wesson as a proxy for the End Gun Violence movement.

I reckon that was snark, but it probably works well as you state. It’s well documented that whenever a gun control bill is introduced in the US congress there’s a mass run on weapons.

#11 Linda on 01.13.21 at 2:05 pm

#3 ‘Doug’ – I’m pretty sure this virus is completely gender neutral, though it may discriminate:)

#12 Jackie on 01.13.21 at 2:09 pm

When you say “lock in” Garth, I’m assuming you mean lock into a 5 year fixed? What about 10 year?

#13 TW on 01.13.21 at 2:09 pm

“As it turns out, Canada is not a lot smarter, healthier or better run than the USA”

Canada population: ~35 million
USA population: ~350 million

Canada cases/deaths: 683,339 / 17,335
USA cases/deaths: 22,901,264 / 382,120

Per capita we have about a third the chance of getting infected and half the chance of dying compared to the USA. I think that counts as a fair bit smarter, healthier, and better run.

#14 SoggyShorts on 01.13.21 at 2:14 pm

I’m having trouble rebalancing.

I changed my target weighting from 100/0 to 80/20 late last year so that I could more easily stomach another march 2020 should that happen again.
Being all in I couldn’t capitalize on the drop since I had nothing to sell.

Now though I’m sitting at 85/15 and it’s a new year, so whether I’m using the 5% guard rails or annual method I should be rebalancing right now.
The hard part is that basically every day I delay the S&P goes higher and the 15% goes lower making it a better deal.

I think I want to be convinced to pull the trigger and take my wins and buy cheap losers, but at the same time after how 2020 turned out I’m becoming a perma-bull.

Since I’m now retired with a structured 5-year buyout perhaps I could just continue to let the 15% dwindle…

#15 Calgary Rip Off on 01.13.21 at 2:16 pm

Thanks for the insight. Got the place in Calgary NW in 2011, October, $420K. Totally overpriced. Now I think its around $300K(?) left. If I had continued renting much of that money would be out the window. That being said, owning a mortgage equals no ability to move if wanted or if needed. And the upkeep costs are annoying. There is no solution to housing. As I told one of the doctors today, “Hows your mortgage?” he asked. “Its in my colon”, I replied. As I always think seeing the homehardware ads, “How owners screwing other home owners, with crappy advice”.

Got a vaccine booked for Pfizer. My wife texted me. She said “If you die Im not getting the vaccine.” I told her that I was being paid for both appointments to which she lightened up. I figure getting the vaccine is less risky than getting infected with the bioweapon. I will still wear mask and face shield at work and stay the remainder of the time in the basement lifting heavy and playing guitar. This seemed to alleviate all her fears of being an asymptomatic spreader post vaccine. I haven’t offered yet to wear a mask at home only coming off to shower and eat(wearing while sleeping also) but I will if needed as she is immune compromised.

Not sure if these lockdowns are helping. And I see that there are many ads for Sandals vacations on TV. Vacationing in a place like that seems more like prison. I would prefer someplace like Greenland. Nice cold swims are invigorating. As Im not able to do this right now, nightly ice cold showers are my go to therapy along with 30 deep breaths followed by breath holds.

I remain delighted that I left the USA in the early 2000s. Canada is utopian compared with the trickery at all levels in the USA.

#16 Faron on 01.13.21 at 2:17 pm

Garth:

The rules across the country are inconsistent, capricious, constantly changing, confusing and increasingly lethal to the economy.

Yep. This is what happens when public health experts fight against politicians. Too bad that there isn’t a health organization that has global coverage and that was supported by numerous nations and that contained some of the top infectious disease experts that could have helped guide us.

#17 Brian Ripley on 01.13.21 at 2:17 pm

My Millionaire Metric chart (DEC data), ie: Vancouver, Calgary and Toronto Detached house prices and a Millionaire in CAD oz of Gold is up: http://www.chpc.biz/millionaire-metric.html

10 years ago, one needed 706 oz of CAD gold to be a millionaire, now one needs 414 oz

In DEC 2020 the nominal price of gold rose 7% in USD & up 5% in CAD M/M

Over 10 yrs the nominal price of gold is up 34% in USD & 71% in CAD

My chart (DEC data) of TSX Indexes for Energy, Real Estate, Financial Services, Gold and the Bank of Canada Commodities in CAD is also up: http://www.chpc.biz/tsx-indexes.html

In DEC 2020 the Canadian commodities index spiked with the crude oil bulls but remained on the long term downtrend after hitting the April 2020 Covid 19 lock-down low.

The test of the 2011 TSX Gold index​​ highs has been put on hold with the strengthening USD and recent increase in USD Crude Oil.

After 11.8 years of ZIRP and NIRP total CPI came in at 1% on the November 2020 print and is still in a long term downtrend keeping inflation below the BoC target of 2-3%.

There are risks out there, but inflation is not one of them for the BoC and the Fed.

#18 SimplyPut7 on 01.13.21 at 2:25 pm

Ford hopes to administer 40,000 vaccines a day by February. Considering he reached the level of daily testing he wanted, he may actually get to this number in a few weeks.

https://www.cbc.ca/news/canada/toronto/covid-19-ontario-january-13-2021-stay-at-home-order-1.5871090

The work from home crowd and the people who think 905 is the new downtown Toronto won’t be ready for this change.

I was looking forward to another year of work from home in sweatshirts and jogging pants, I guess I have to go back to work earlier than I thought.

I wonder how they will handle all of the back rent/lease payments – who pays what or is everyone who didn’t pay getting evicted?

#19 Michael on 01.13.21 at 2:33 pm

Garth you wrote:”As it turns out, Canada is not a lot smarter, healthier or better run than the USA where states are as messed-up crazy inconsistent with Covid as they are with gun regs.”

Garth, please, put the blame where it belongs, on the predominantly CONSERVATIVE provincial governments. *Canada* is being very competently run by “Mr. Socks” as you so endearingly refer to our PM, and his sidekick Ms Freeland. Would that we had the same competence in the halls of Queens Park but we don’t. Mr. Ford seems to have forgotten everything he ever knew about drug distribution.

#20 Dolce Vita on 01.13.21 at 2:37 pm

Well, it can’t be all THAT bad in Canada when you’re all still talkin’ RE.

————————–

#3 Doug t

Ask from Covid, and thou shalt receive:

“Boris Johnson ‘concerned’ about new Brazilian coronavirus variant”

https://www.lbc.co.uk/news/brazil-covid-variant-cause-for-concern-boris-johnson-warns-prime-minister/

You know it’s BAD when the UK is worried about another variant other than their own.

Found it way to Japan already.

[Japanese authorities state that the new variant has 12 mutations, one of which is also present in the variants found in the U.K. and South Africa. “It implies a potential higher virus infectiousness,” it said.]

Step aside evil N501Y and hello E484K.

Virologists on Twitter all afflutter. Largely since the S. African variant HAS INFECTED those with PRIOR INFECTIONS (obv. that lived). They are split as to why. Basically “IT” has found away to trick/defeat “trained” homo sapiens antibodies from the prior infection.

So far, best I can tell, they’re all worried. Very worried. Already calls for vaccine manufacturers, esp. mRNA vaccines (Pfizer, Moderna) to begin trials to defeat it.

I think no one as of today knows what’s really going on.

—————————

Fasten your seat belts folks, it ain’t over until the FAT VIRUS sings.

#21 Dolce Vita on 01.13.21 at 2:46 pm

PS:

On the new Brazilian variant:

“What we know about the new Brazilian coronavirus variant”

https://www.independent.co.uk/news/health/covid-japan-new-variant-brazil-latest-b1786847.html

——————————————

Ah, we know nothing about it is the long and the short of it.

It needs a number name on its own, they’re borrowing the S. African variant E484K for it.

But rest assured Pfizer says their vaccine will work against it (heaven forbid anyone is going to interfere with their 2B dose fat revenue stream).

Better hope so Canada.

Your vaccine eggs are 1/2 in the Pfizer basket thanks to PM Trudeau, actually ALL OF THEM since Moderna same type of vaccine (mRNA) – of vaccines actually being produced and delivered.

#22 Rook on 01.13.21 at 2:47 pm

Speaking of interest, the FP posted an article today citing a memo prior to Covid of Canadians’ debt levels.

https://financialpost.com/news/economy/finance-minister-warned-about-indebted-canadians-increasing-vulnerability-to-higher-interest-rates-before-the-pandemic

The key bit for me was:

“With employment solid, the finance department fingered interest rates as the likely culprit. By the fall of 2019, the Bank of Canada’s key interest rate sat at 1.75 per cent, its highest level since the Great Recession.

“The rise in insolvencies appears to be fuelled by a lagged impact to interest rate increases over 2017-2018, which have put pressures on household budgets,” the memo, dated Feb. 6, 2020, said. “This is also supported by the debt service ratio (the share of household disposable income needed for debt payments), which has trended up over the last year to reach a record high of 15 per cent in the third quarter of 2019.””

If I read that properly, it sounds like even at 1.75%, Canadians couldn’t afford their debt burden. Is that a correct interpretation?

And if so, what does that say if the government is unable to keep inflation in check with their MMT schemes?

#23 Peter McLean on 01.13.21 at 2:47 pm

I have a much better idea than buying real estate. I’m going to take my entire savings, buy gold bars, and then bury it in my back yard.

I’ll draw a map so I don’t forget where I buried it.

#24 Sail Away on 01.13.21 at 2:55 pm

#14 Calgary Rip Off on 01.13.21 at 2:16 pm

I will still wear mask and face shield at work and stay the remainder of the time in the basement lifting heavy and playing guitar.

…nightly ice cold showers are my go to therapy along with 30 deep breaths followed by breath holds.

I remain delighted that I left the USA in the early 2000s. Canada is utopian compared with the trickery at all levels in the USA.

————–

Delighted that you left the US and now spend most of your time in… a Calgary basement reading the book of Mormon and taking cold showers?

I’m going to advance the theory that there may be many interpretations of Utopia. And further hypothesize that one may also be difficult to trick inside a basement in the US. It is, after all, nearly impossible to lure a suspicious porcupine out of its lair.

#25 Ponzius Pilatus on 01.13.21 at 2:58 pm

The same folks who claimed that the virus was a hoax, are now complaining about the slow rollout of the vaccine.
Wow, the sun is out in Vancouver.
Time to load up on some Vit D.

#26 Russ on 01.13.21 at 2:59 pm

and Garth said,
“The advice: wait to buy because until the number of listings swells. And if you want to bail out for top dollar, this is your come-to-Jesus moment.”

Translation:
If you’re going to time the market then this is a good time to time the markets.

Do not wait for a better time to time the markets.

Has that nailed it?

#27 Hey Now on 01.13.21 at 3:06 pm

https://globalnews.ca/news/7573427/covid-19-pandemic-stay-at-home-order-essential/

Ontario attempts to clarify what is essential, well at least they are trying, I wish Dougie good luck as he muddles through January, perhaps with a new cheesecake recipe? Once this lockdown is done he is done, he will not have another do-over to extend it. I mean he can, but the public is already pissed off at levels I have not seen before. and anecdotally I know people that have visited hospitals (not COVID related), that are like ghost towns.
COVID exists but the wild inconsistency and the covid fatigue from the length of time that the public has been dealing with this are going to make enforcement of measures even harder. On social media the shaming and holier than though attitudes are getting even worse from both sides, as the sheeple/Covidiot insult gets thrown around.
Hopefully, the vaccine gets us out of this but the norms getting it is optimistically by the summer and considering how our politicians are bungling it, look out for more delays.

#28 Ponzius Pilatus on 01.13.21 at 3:06 pm

Pflop.
Regarding the Fools convention in Pfhoenix.
I for one am finished spending my hard earned Kanuck dollars in the Crazy States of America.
Lots of other places still to visit.
Iceland here I come.

#29 Faron on 01.13.21 at 3:15 pm

#13 SoggyShorts on 01.13.21 at 2:14 pm

I’m having trouble rebalancing.

DO IT. The unassailable reasoning is that you have a plan and a metric and you have now reached a specified threshold without emotion involved. Do it now. Anything else would be speculative market timing.

The much more assailable answer from a perma-bear like myself is that there are many many metrics that indicate that markets as a whole are at some kind of top. Positioning, valuation, sentiment, VVIX and bond volatility are all startng to flash warnings. Probably a 5% dip, but maybe something more. Maybe enough to make you wish you were at your target weighting when the whoopsie occurs. You’ll also notice bonds didn’t get cheaper the past couple of days…

#30 Ponzius Pilatus on 01.13.21 at 3:16 pm

Billy Bob,
Just saw that the Czech Republic has one the highest COVID cases and deaths per capita.
No wonder that they are desperate for advise from the smart and organized Israelis.

#31 Leftover on 01.13.21 at 3:18 pm

I agree with Eitel that 2020 price gains were largely due to constricted supply. Low rates only added fuel to the fire.

In our small western Canadian city we get agents knocking on the door and putting notes in the mail, all with the same message – they’re desperate for listings and right now you can cash in big time.

So is the spring market going to continue this way? Maybe, but listings it could also swamp the market as debt-sodden Canadians run for the exits.

One thing keeping a lot of people on the sidelines is there are so few houses to buy that selling seems like a bad idea. If the gates open there could be a flood.

#32 Sail Away on 01.13.21 at 3:25 pm

#25 Russ on 01.13.21 at 2:59 pm

If you’re going to time the market then this is a good time to time the markets.

Do not wait for a better time to time the markets.

Has that nailed it?

————

I think, more specifically:

Do not time the markets if your plan is to wait for the future stars to align perfectly in accordance with your plan, because perfect doesn’t happen.

But… if current conditions are better than they have been for many years and there may be storm clouds on the horizon… then sure, go for it. When it’s in the moment, it’s actually more opportunism than timing.

Fantastic advice. Pluck the low-hanging fruit. Unless it’s in Ponzie’s yard, of course, where my dog pack keeps his low-hanging fruit well-watered and I take care of the medium-hangers.

#33 Wrk.dover on 01.13.21 at 3:27 pm

#149 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.

———————————

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?

——————————————————-

FYI no natural gas at many addresses in Canada! Who knew.

Electricity ten cents late night. Twenty three cents peak time. Here.

So tandem tanks on timers. First hot tank is replenished with the cold water supply, second one with warm water from top of the first tank. Get it?

This local power is from wind and hydro too.

#34 Pete on 01.13.21 at 3:27 pm

Thank you! This is the type of information we need to hear…reality will set in soon.

#35 Diamond Dog on 01.13.21 at 3:27 pm

#12 TW on 01.13.21 at 2:09 pm

Not that I’m a member of the nitpick police, but Canada has 37.75 million vs U.S. @ 331 mil for a 9 to 1 ratio give or take that only furthers your argument.

Having said that, on the surface Canada might seem smarter and healthier and better governed to say, a Trump administration but that’s a low bar replaced in a week.

Compare Canada for example, to California with similar populations (29.3 mil in Cali). California has 4% of the U.S. farms by acres and yet grows nearly half of all U.S. grown fruits, nuts and vegetables. California if filled with innovative growers that are all about value added crops.

Does Canada have the most developed tech industry in the world, a silicon valley, Hollywood, Tesla, Intel, the creators of internet, cloud, EV’s and autonomous cars? We don’t have anything remotely close to the fruits of their innovation other than commodities perhaps and California success didn’t happen by accident.

Sure, they had a head start. Incumbency, sure. But they checked off the boxes of brains, health, good governance, born out of the ideals of giving everyone an equal start no matter what the circumstances, early on. Opportunity is the driver of innovation and you can’t have an American dream or California dreamin’ without it. 39.3 million residents boast a 3.1 trillion dollar GDP as proof:

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

#36 Dolce Vita on 01.13.21 at 3:27 pm

#12 TW

What can also be said is this:

Canada tests at near 1/2 the rate of the US, so 1/2 as likely to find new cases:

https://ourworldindata.org/grapher/positive-rate-daily-smoothed?time=latest

When Canada does test, it’s positivity rate is 10.4% vs. 15% for the US – the case numbers from Canada do not reflect that (i.e., should be at 2/3 of the US rate in cases but are not, instead try 1/3 – per capita):

https://ourworldindata.org/coronavirus-data-explorer?zoomToSelection=true&country=CAN~USA&region=World&casesMetric=true&interval=smoothed&hideControls=true&perCapita=true&smoothing=7&pickerMetric=location&pickerSort=as

Data anomalies? Who knows.

“Confirmed Cases” etc. numbers from Canada are questionable to the say the least especially from:

“Supernatural” BC

…that tests at 1/2 the Cdn. rate (though 7500 in self isolation, don’t test them and new cases stay low, win-win for the Norse Gods of Valhalla that live there and actually believe they are better, good old don’t test, don’t count BC – if nothing else, delusionally consistent).

https://health-infobase.canada.ca/covid-19/?stat=rate&measure=tested#a2

————————

So you see, careful with the comparisons to the US.

My take is a some “sweeping under the rug” of the real data in Canada so as not to alarm the populace (esp. in “don’t test, don’t count” delusional BC).

If that were not true, then why bother to lock down 20M Canadians?

#37 Diamond Dog on 01.13.21 at 3:28 pm

My bad, 39.3 mil pop in Cali.

#38 Felix on 01.13.21 at 3:28 pm

Attention: Mr Garth Turner

In the interest of and under the direction of FUN, (Feline United Nations) we have begun proceedings today to have you Impooched.

Articles of Impoochment have been delivered and are now under review.

Your false claims and photo-shopped cuddly pictures valorizing dogawful canines equate to an Incitement of Hatred and Insurrection against Felines. You have repeatedly made false claims that canines are superior to cats when the evidence of the opposite is clear. You have denied reality and promoted falsehoods attempting to cover up your collusion about the most dangerous and useless creatures on the planet, dogs.

Wherefore, Garth Turner, by such conduct, has demonstrated that he will remain a threat to feline national security, democracy, and the Constitution if allowed to remain on this blog, and has acted in a manner grossly incompatible with self-governance and the rule of law.

Garth Turner thus warrants impoochment and trial, removal from this blog, and disqualification to hold and enjoy pets of any kind, especially superior species such as cats.

However, in consideration of the potential value Garth Turner may still offer through financial advice, FUN offers another remedy, if dramatic improvement is shown in accordance with the Articles of Impoochment.

To avoid further penalties, Garth Turner must top up his 2021 TFSA immediately, no later than January 20, 2021.

(TFSA = Training on Feline Superiority Accreditation)

This training must be at least 100 hours monthly through certified practitioners. There are currently 4 felines with computer access on Garth Turner’s premises inside the home who can provide this training starting tomorrow. They are located in the basement and inside the roof. This training must be re-certified annually.

Garth Turner, this is your final direction:

Top up your TFSA immediately, or you will be Impooched.

(If necessary, we will not hesitate to have you Impooched at least three times, making you the most despicable Impoochee in history.)

#39 Sara on 01.13.21 at 3:36 pm

#26 Hey Now

“… and anecdotally I know people that have visited hospitals (not COVID related), that are like ghost towns.”

So these people you know were allowed into the ICU?

#40 wallflower on 01.13.21 at 3:36 pm

The numbers here indicate the bubble will burst.
https://economicdashboard.alberta.ca/NetMigration#type
Then take a look at real (not projected) immigration numbers, deaths and fertility rates.

#41 Dolce Vita on 01.13.21 at 3:37 pm

#12 TW

Forgot the test rate graphic where Canada 1/2 that of the US:

https://ourworldindata.org/grapher/daily-tests-per-thousand-people-smoothed-7-day?stackMode=absolute&region=World

BC (that’s 1/4 of the US rate to you).

#42 Paul on 01.13.21 at 3:39 pm

Susan Rosenberg, Bombed the Capital building went to jail was pardoned by Bill Clinton And she went onto work and fund raise for Black Lives Matter. Wanted to Murder Henry Kissinger

https://www.politico.com/news/magazine/2020/05/03/us-history-first-women-terrorist-group-191037

#43 Freedom First on 01.13.21 at 3:48 pm

Great post full of great advice! Thanks for your calm, level headed Blog writing through these tumultuous times Garth.

I also never never never waver from staying on the sane, steady course of action you freely dispense on a daily basis.

I also have empathy for the people having hard times through no fault of their own. Hopefully, this too shall pass.

Freedom First

#44 WTF on 01.13.21 at 3:49 pm

#18 Michael “Garth, please, put the blame where it belongs, on the predominantly CONSERVATIVE provincial governments. *Canada* is being very competently run by “Mr. Socks” as you so endearingly refer to our PM, and his sidekick Ms Freeland. Would that we had the same competence in the halls of Queens Park but we don’t. Mr. Ford seems to have forgotten everything he ever knew about drug distribution.”
—————————————————————
Really? UUUH UHHHH AHHH Zoolander doesn’t have to actually manage the actual inoculations he just has to procure and provide bulk shipments, which they are screwing up.

Freeland of course is only responsible for spraying money in all directions with a fire hose, hardly difficult until, you know, we have to pay it back…….If you have children its on them and probably their kids. Hardly prudent management.

I don’t see this as political, If the general population of a certain jurisdiction is unable to understand and follow the 9 months of warnings maybe that’s the problem?

#45 TurnerNation on 01.13.21 at 3:49 pm

At this point Kanada is one big social-economic experiment in how to turn First World countries into Second, and enforce the new UN global poverty standard, that is a Minimum (aka Maximum) wage of about $15. This is CERB, UBI.

– Least Coast/Atlantic Canada got bubbled with virtual Berlin Walls.
– Manitoba early on got a fictional ‘state of emergency’ which severely regulated commerce.
– Quebec got a BS curfew.
– Ontario got the Cuba Lite model.
– B.C. coming soon – Yep no more news only Predictive Programming.
https://bc.ctvnews.ca/mobile/b-c-doctor-says-ontario-s-stay-at-home-order-could-potentially-happen-here-1.5264445

Read anecdotes, the new rules in ON mean some skilled trades no longer may ply their work to construction. A whole new class for CERB, UBI. People will demand it. This is the manufacturing of consent.
Mandated reduced store opening hours in ON mean fewer wages to go around.

Back in Jan-Feb 2020 I noticed something was up. There was no real news only manufactured events such as the Rail Blockage, and the Huawei stunt. That T2 was involved in both…raised my hairs and brows.

2009 Swine Flu stories See A familiar graphic and stories. From 2009 swine flu recall this?: No global coup that time…
https://i.redd.it/s2kjttq5o0b61.png
Draw your own conclusions on the playbook today

UK is reportedly considering “Tier 6” lockdowns which read exactly as that “Leaked plan for Canada”. (Debunked)
You don’t say.

Oof: trapped in your UN Smart cities. No busses, trains or air. With inter-provincial Berlin Walls likely.

“The Globe and Mail reports in its Wednesday edition that First Capital REIT cut its monthly distribution in half as economic shutdowns escalate across Canada”

“The Globe and Mail reports in its Wednesday edition that Air Canada is suspending flights to more cities amid a lack of demand for air travel in the pandemic.”
© 2021 Canjex Publishing Ltd.

#46 Millennial 1%er on 01.13.21 at 3:55 pm

Ottawa’s real estate market is crazy right now. I’m really curious to see how prices are going to react to this new state of emergency.

Probably up.

#47 Pandemic my ass on 01.13.21 at 4:03 pm

BANNED

#48 Hey now on 01.13.21 at 4:06 pm

months of “we need to time the two injections accurately”, now from our unelected health “experts”, “uh, our bad if we don’t have enough, let’s just wing it”

https://torontosun.com/news/national/vaccine-panel-says-canada-can-delay-second-dose-of-covid-19-vaccine-if-shortage

#49 mj on 01.13.21 at 4:06 pm

even if the bank of Canada makes a mini cut, who knows if the banks will follow. The biggest question would be, would the bank of Canada increase it’s buying to try to keep fixed rates on the lower side. Also interested to see what the federal Reserve does in a couple weeks with buying

#50 mike from mtl on 01.13.21 at 4:09 pm

#39 Dolce Vita on 01.13.21 at 3:37 pm
///////////////////////////////////////////////////////

And? We should know those tests and stats only have a passing connection to how a county/province/state is doing. Yes test more you’ll find more for sure.

UK is 4x as much as Canada. Those ‘heros’ last summer south korea are testing rate .5 of us, japan .25 and now despite all the hype are in exactly the same situation. Though a big difference is they competently fund and run their LTC centres.

Canadian LTC has long been a disaster and a super contagious bug just makes it so much worse. USA’s ripoff for profit (sick)care means many simply can’t and ‘naturally’ take its course.

#51 Faron on 01.13.21 at 4:17 pm

#40 Paul on 01.13.21 at 3:39 pm

Susan Rosenberg…

So, what’s your point? Use your words.

Seems safe to assume that you are trying to show that the utterly deplorable actions of a small underground group of far leftists somehow makes it okay for a sitting president to stand by while the capitol is raided by thousands of thugs intent on hanging members of two branches of government. Eye for an eye or something?

But, how about you articulate your stance here?

#52 Flop... on 01.13.21 at 4:18 pm

#27 Ponzius Pilatus on 01.13.21 at 3:06 pm
Pflop.
Regarding the Fools convention in Pfhoenix.
I for one am finished spending my hard earned Kanuck dollars in the Crazy States of America.

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

Hey The Ponz, yeah, nothing that is going on in the States at the moment is going to stop me from visiting again.

I have written on here before that on a visit to Portland my wife and I inadvertently walked into an area where a protest-turned- riot was just kicking off.

There were a couple of hundred people, not thousands.

Just took a side street and got out of there as law enforcement started to push back.

Portland, just seems like that sort of place that they protest because the calendar says it’s Saturday.

Other than that nothing but good times for the last 15 years or so.

Most of these major demonstrations/protests are planned months in advance, if I had already booked a trip somewhere, I would still go and just try to avoid that area for the day.

America is no different than any other country, in regard that if you go looking for trouble, you will find it.

As far as the GreaterFool Convention in Phoenix, I did look to see what current prices were at the Hyatt Phoenix…around 150, I have stayed there twice and never over a hundred a night, last visit 2 winters ago, they spent some money on the old girl, she looks good.

No free parking though for the poor pockets among us.

It’s not perfect, it has a small pool area.

I see a positive.

That will make it easier for me to cannonball all the Thick Engineering Congregation…

M46BC

#53 Piano_Man87 on 01.13.21 at 4:20 pm

“Here’s an opposing view. The argument is that Covid so seriously depressed inventory levels while at the same time making people house lustier than usual (especially for properties with a door to the street and dirt) that prices distorted. ”

Correct. Check out the graphs below for a glimpse of what happened in Saskatoon the past few years. Prices up, listings down. Listings a bit over 50% of what they usually are at this point in the year.

https://teamfisher.com/blog.html/saskatoon-real-estate-week-in-review-for-january-2-8-2020-edition-722-7528465

#54 Penny Henny on 01.13.21 at 4:21 pm

#39 Dolce Vita on 01.13.21 at 3:37 pm
#12 TW

Forgot the test rate graphic where Canada 1/2 that of the US:

https://ourworldindata.org/grapher/daily-tests-per-thousand-people-smoothed-7-day?stackMode=absolute&region=World

BC (that’s 1/4 of the US rate to you).

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

1/4 or 1/40. It’s all the same to you Dolce.
Or are you only bad with multiplication?

You still haven’t apologized to Sail Away.

#55 Squire on 01.13.21 at 4:21 pm

I’ll be waiting and watching for this:
https://globalnews.ca/news/7561871/medicago-covid19-vaccine-tobacco/

I think Medicago might have a winner with their vaccine and it may end up being the safest too.

Don’t blame Harper.
” For years, he explained, Medicago had been asking the federal government for funds to assist with pandemic preparedness and to develop a manufacturing plant at home….A Global News analysis of the federal lobby registry shows that from 2017 to March of 2020, when the pandemic was declared, Medicago representatives met with government officials 24 times, seeking “partnerships and funding to support research, development and commercialization of vaccines” and to prepare against “future outbreaks of emerging infectious disease.”

“If they had made the decision two years ago when we were in discussions with them, we’d have a facility by now,” Clark said. ”

Go Medicago ! We are rooting for you

#56 Stone on 01.13.21 at 4:25 pm

No worries. Not interested in owning real estate at this time nor having a crippling mortgage. I like the flexibility offered by my B&D portfolio. 3.24% YTD. Not good to be on the sidelines. Much better to be fully invested to collect the juicy dividends and distributions. Who knew the first 8 business days of 2021 would provide a 3.24% return. If this continues, I may buy some organic water and do a selfie with a Tesla.

#57 Alberta Ed on 01.13.21 at 4:30 pm

All the restrictions imposed to date seem a lot like the Scott Adams cartoon where Dilbert was put on the management fast track for suggesting something that wouldn’t work but looked good.

#58 Handsome Ned on 01.13.21 at 4:30 pm

Just got my property assessment for my Richmond BC 900 square foot condo. In 2018 went up 27% to 428k. 2019 up 15% to 493k. 2019 minus 8% to 453k. 2020 plus 2% to 460k. If you are right about 2017 gains I will be out of here hopefully before the Cascadia plate shifts. Not if but when.

#59 mark on 01.13.21 at 4:39 pm

Perfect storm on the verge of catastrophic events, with all time highs in stock market, real-estate, fractured economy getting worst, pandemic getting worst, new corona variant, then you wonder why this Canadian and so many others are putting every penny in saving account and not adding to risk assets at this time, with more real-estate and stocks and bonds(death trap)…..go figure wonder why……….!!

Two-year gain on a B&D portfolio: 26%. Two year growth on a savings account: 0.5%. Good luck. – Garth

#60 Leo Trollstoy on 01.13.21 at 4:40 pm

Governments around the world are learning that when there’s a blizzard sometimes the only thing you can do is shovel the snow

#61 Sail Away on 01.13.21 at 4:50 pm

#39 Dolce Vita on 01.13.21 at 3:37 pm
#12 TW

Forgot the test rate graphic where Canada 1/2 that of the US:

BC (that’s 1/4 of the US rate to you).

————-

I don’t know, DV… it seems you may have forgotten to apply the following: if Canadians are worth 50% of each American (calm down- for the formula!) and logistical distances are considered, then the calculation should divide by 2, multiply by the snow and moose factor, account for homogeneous gas STP volume in a perfect sphere at the dry ice degradation rate for -70 vaccine temp vs. ambient outside temperature and boxcar insulative R-value.

I have attempted for years, mostly in vain, to instruct previous engineering econ lecturers about the need for accuracy in calculation. They almost always forget to apply the proper time series. And that’s the 101 level!

#62 Tron Light on 01.13.21 at 4:51 pm

Since locking down entire cities/states/provinces/countries has never been attempted before in history, I can understand why it is a poop show. It seems to me that on the one hand there are hysterical public health officials calling for everyone to be locked in their basement indefinitely, while on the other hand, government leaders are trying to take a more reasonable approach using some of the recommendations from the public health officials while remaining cognizant that they have other areas to manage as well, such as the economy.

Add those two things up and you get a confusing soup of a bunch of different ingredients not meshing with each other. In other words, mixed messages and confusing measures. Of course, politicians can’t win. They will either be seen as doing too little or not enough.

Of course, the discourse today is either black or white or left and right if you will. There is no middle ground with people any more.

#63 yorkville renter on 01.13.21 at 5:10 pm

Now with free-spending Dems taking over in Washington, the cost of debt will surely be rising and the price of that debt (bonds) falling

I think DJT was the spendiest in history, with tax cuts to boot!

#64 Bill Ferguson on 01.13.21 at 5:20 pm

I’m not quite sure what all the hubbub is about re: Greater Vancouver real estate sales…

The all-time peak month for sales in 2020 was in October with 3,637 sales. November sales were 16% below that level and December sales were also off 15% from October.

Currently, REBGV numbers are on pace to show a 49% decrease in sales from December and a 56% decline below the October high.

For 2020, sales increased by 22% over 2019 which isn’t saying much as Greater Vancouver saw the lowest sales in 20 years for much of that year.

#65 Tron Light on 01.13.21 at 5:27 pm

Air Canada laying off 1,700 employees and cutting regional routes.

#66 crowdedelevatorfartz on 01.13.21 at 5:29 pm

The USA will easily pass 400,000 dead before Trump is gone in a week.

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

What a self absorbed idiot.

#67 Felix on 01.13.21 at 5:32 pm

Attention: Mr Garth Turner

YOU HAVE BEEN IMPOOCHED

(You are in bad company – https://www.cnn.com/ – please consider your options as described earlier. Second and Third Articles of Impoochment will be coming forthwith)

#68 yvr_lurker on 01.13.21 at 5:38 pm

Friend of mine who works at the BC-CDC believes that a good non-negligible portion of the spike in Covid we are seeing in Ontario and Quebec may be due to the UK Covid variant. This variant is surely playing a role in certain places in the U.S. (LA for instance). He believes we are in a race against time to vaccinate a suffciently large number of people before this new strain becomes dominant in Ontario and Quebec and then migrates to the rest of the country (i.e. BC and Alberta). Like I have predicted, it will be a further year of many new surprises.

#69 Felix on 01.13.21 at 5:46 pm

#4 walltiger – Nice propaganda essay…Taiwan number one!

#70 Faron on 01.13.21 at 6:00 pm

#64 Bill Ferguson on 01.13.21 at 5:20 pm

…The all-time peak month for sales in 2020 was in October with 3,637 sales. November sales were 16% below that level and December sales were also off 15% from October.

You are joking, right?

#71 Shirl Clarts on 01.13.21 at 6:14 pm

People entering NS have to quarantine for 14 days, but no self-isolation if you’re flying into YVR from Toronto.
The rules across the country are inconsistent, capricious, constantly changing, confusing and increasingly lethal to the economy.
^^^^^^^^^^^^^^^^^^^^^^
Agreed, Garth. We’re all in this together, but can’t work together.

I was at Dollarama the other day and the cashier mentioned a friend just flew back to the west coast from Toronto. No quarantine. She ended rhetorically, “Shouldn’t there be?” You’d think, especially coming out of a hot-spot.

And in case you must know what essential purchase I was making, it was Biskwi butterfly cookies from Portugal. They are my “storm chips”. Dunk ’em in tea. Amazing.

#72 kommykim on 01.13.21 at 6:20 pm

RE: #4 walltiger on 01.13.21 at 1:57 pm

I don’t normally read lengthy posts, but this was interesting. Thanks for posting a different perspective.

#73 Drinking on 01.13.21 at 6:20 pm

#4 walltiger

Then you have been reading most of the posts all wrong. It is not a hatred or anger towards the Chinese; I have many Asian friends; it is hate and anger towards the Chinese government. So many are feeling China for the same reason. We are all sick and tired of there lies, theft of Western technology, using every trick in the book to not follow environmental laws while the rest of us are expected to pay for it. And for some reason they seem to have a great deal of influence on how our useless politicians run a country; hmm, wonder why that is?????

#74 Drinking on 01.13.21 at 6:21 pm

Oops, Fleeing China!

#75 Flop... on 01.13.21 at 6:26 pm

#59 mark on 01.13.21 at 4:39 pm
Perfect storm on the verge of catastrophic events, with all time highs in stock market, real-estate, fractured economy getting worst, pandemic getting worst, new corona variant, then you wonder why this Canadian and so many others are putting every penny in saving account and not adding to risk assets at this time, with more real-estate and stocks and bonds(death trap)…..go figure wonder why……….!!

Two-year gain on a B&D portfolio: 26%. Two year growth on a savings account: 0.5%. Good luck. – Garth

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

Mark, and others, click on the link at the bottom of this post I put up the other day, it shows a timeline of events that were chucked at the market, and society, last year and how the S&P ducked and weaved its way through…

M46BC

———————————-

#271 Flop… on 01.11.21 at 11:59 am
Nervous Nellies on the blog should probably get this chart converted into custom wallpaper and put it on their bedroom ceilings.

You’ll sleep better at night…

M46BC

Charted: How the S&P 500 Generated Fantastic Returns in a Tough Year.

“2020 was a bad year, but not for the stock market. In fact, the S&P 500 ended the year at an all-time record high. But that doesn’t mean there weren’t challenges along the way, as our latest visualization shows.”

*S&P 500 index provided a V-shaped performance throughout 2020, opening the year at 3,258 before collapsing to 2,237 on March 23 and then rising to an all-time record of 3,756 on December 31.

*2020 also saw the S&P 500 set a record for the fastest bear market, including the third worst one-day decline ever on March 16.

*April 2020 was one of the best months in 80 years of stock market history, with the S&P 500 growing over 12%.

*The S&P 500 index’s rapid recovery in the midst of the coronavirus pandemic highlights how the stock market is very different from how regular people experience the economy.

https://howmuch.net/articles/sp500-index-performance-in-2020

#76 Drinking on 01.13.21 at 6:30 pm

Just to add to my previous post if it is posted; probably not! Another failure from Canada but a heck of a great bargain for China!

https://www.theglobeandmail.com/business/article-blackberry-sells-90-patents-to-huawei-covering-key-smartphone/

#77 BK on 01.13.21 at 6:34 pm

# 13 TW

Per capita we have about a third the chance of getting infected and half the chance of dying compared to the USA. I think that counts as a fair bit smarter, healthier, and better run.

Disagree. With higher populations infections become exponentially greater. Canada is not smarter

#78 Reximus on 01.13.21 at 6:37 pm

Sometimes you need to flush twice.

#79 paul on 01.13.21 at 6:44 pm

19 Michael on 01.13.21 at 2:33 pm
Garth you wrote:”As it turns out, Canada is not a lot smarter, healthier or better run than the USA where states are as messed-up crazy inconsistent with Covid as they are with gun regs.”

Garth, please, put the blame where it belongs, on the predominantly CONSERVATIVE provincial governments. *Canada* is being very competently run by “Mr. Socks” as you so endearingly refer to our PM, and his sidekick Ms Freeland. Would that we had the same competence in the halls of Queens Park but we don’t. Mr. Ford seems to have forgotten everything he ever knew about drug distribution
—————————————————————–
Put the blame where it belongs? Last time I looked Justine was the Prime Minister of Canada. Double dealing with Lavalin and his Appointees, Hire ing his whole family for the WE charity. Shutting down Parliament to stop the investigation he’s a pro alright.
He very competently taking care of the Covid issues?? Cancelled 20 million doses of vaccine in a pre order only to go back hat in hand to reinstate most likely at a higher price. Spent $500 million since last March. But we have about 8,500 people vaccinated so far. Justine is a wiz bang for sure.

#80 Jake on 01.13.21 at 7:01 pm

Toronto downtown condos excluded?

#81 Yuus bin Haad on 01.13.21 at 7:04 pm

Good to hear that Dougie fully supports aisle-arrows in the supermarkets.

#82 Gary C on 01.13.21 at 7:05 pm

Walltiger: Re China
I must say that you put up a very informative post
from a historical perspective.

#83 Kilt on 01.13.21 at 7:11 pm

Wife got vaccinated today.
One down!

Kilt

#84 Bartman on 01.13.21 at 7:11 pm

#51 Maron

I just read the article. A picture is worth a thousand words. Try and think for yourself and draw your own conclusion.

#85 Reximus on 01.13.21 at 7:12 pm

Trump’s new mob name is “Donnie Two-Peaches”

#86 Nonplused on 01.13.21 at 7:20 pm

#5 Grammar Police on 01.13.21 at 1:58 pm

“The new state of emergency he just imposed is flawed and weird, but it will likely crush a lot more indie businesses, cost more jobs in the services industry, lead to increased retailer bankruptcies and retard the economic recovery promised by vaccines.”

Please note: the term ‘retard’ is not to be used as a verb; the acceptable use is as an adjective describing Stan Brooks or Nonplussed.

You will not receive an offence notice for this infraction, just this warning.

——————————-

Whoa! I’m surprised that one got through. It represents a new low in ad hominem rhetoric even for this comments section. Also your definition is incorrect, Garth’s usage is common as a verb. As an offensive noun it is no longer used beyond about grade 9 and certainly wouldn’t apply to a sage like Stan Brooks. It has no form as an adjective or adverb.

We can see this by using the word is the following sentences:

Nonplused’s comments retard the progress of discussion in this comments section. (verb, grammatically correct)

Nonplused is a retard. (offensive noun, grammatically correct)

Nonplused’s retard opinions spoil my day. (adjective, grammatically incorrect)

https://www.merriam-webster.com/dictionary/retard#other-words

#87 G on 01.13.21 at 7:36 pm

Don’t bet against America, I heard some smart person say a few times.

Some might have missed hearing this again. Maybe do to resent Big tech censorship/book burning.

‘NO violence’: Trump calls on Americans to ‘calm tempers’ amid political crisis
https://www.rt.com/usa/512441-trump-urges-demonstrations-no-violence/

Some might find Tore Says News interesting, if not just for entertainment. Gives me a bit of hope that 1984 isn’t just around a corner. Even mentioned PMT a bit in her show today. My gut says her info might be good, but what do I know. I might have put on the wrong colored glasses today, the ones with the blinders. Her shows are long so don’t look if not interested or short on time… Tore might just be a good spy type novelist after all, unless she does have inside info as she claims. https://www.youtube.com/watch?v=AdvmioDFbbE

Re: Today picture, nice looking puppy dog. Did a stork arrive maybe?

#88 When the Bubble Bursts on 01.13.21 at 7:41 pm

I was just thinking about Dan. When the bubble bursts 2050.

#89 Nonplused on 01.13.21 at 7:44 pm

#33 Wrk.dover on 01.13.21 at 3:27 pm

So you are in BC? It is true that there are parts of BC with no natural gas because they have an abundance of hydro, so electric water heaters it is. I’m not sure why you would go with 2 though, is it cheaper to purchase and install rather than one larger one?

Although I lived in 2 houses over the years (didn’t own either) that had tandem (gas fired) hot water heaters. In both cases one of the hot water tanks started leaking so I was able to do a bit of plumbing and keep some hot water available from the good tank until the plumbers arrived. So there is that advantage. But in both cases both hot water tanks had to be replaced. They don’t last forever and by the time one is leaking the other is probably near done too.

#90 Pete from St. Cesaire on 01.13.21 at 7:59 pm

For there to be 3000 cases per day discovered in Ontario, there needs to be about 50000 tests being done each day (if you believe the data that shows that about 6% of tests come back positive).
If they are so anxious to get the vaccines rolled out why can’t they switch over from testing to vaccinating. (of course someone will reply with something about it being a logistical problem; staff not trained, etc)
Or perhaps, they aren’t actually testing 50000 per day. Perhaps they are testing 500 and finding 30 positive and then simply saying “well, had we tested 100X more we would have found 100x more cases.
If they have the resources to test 50000/day why don’t they put those resources towards vaccination?

#91 Wait There on 01.13.21 at 8:08 pm

As Garth finally states:
“The rules across the country are inconsistent, capricious, constantly changing, confusing and increasingly lethal to the economy. As it turns out, Canada is not a lot smarter, healthier or better run than the USA where states are as messed-up crazy inconsistent with Covid as they are with gun regs.”

We were to snooty about how stupid they are in the USA. The USA is a HUGE country and is separated by large distances. It requires more regionalized policies on COVID which spreads by distance, a single policy would never work. Governors were supposed to look after these policies not at a Federal level.

What is hardly mentioned is that the vaccine rollout is tantamount to the nuclear bomb in a certain way. If we don’t do it fast the other side ( virus) could release/mutate into another bomb. FOLKS IT IS A RACE AGAINST TIME….as long as Turdeau secures enough vaccinations….since late August 2020.

When you do the numbers and model the rollout and the fact you need two doses to be 90+ effective. We are so far behind the ball it is scary. We literally need to create a new institution to get it done. We CANNOT DEPEND on the already stretched health system who already cannot cope.

Note the longer we take to suppress and deactivate ( not kill) this virus the more chances it has to mutate into something more lethal. It is NOT simply time. Mutations only happen during the creation of the virus in an active body. The more CASES there are the HIGHER the likelihood we will have a really bad mutation. SO again, remember total CASES = more chances. Waiting out the virus is not the solution. If a mutation comes along that the vaccine is not effective comes up by chance, we are back to maybe 6-8 months ago nearly square one.
What is more distressing is that the acceleration of rollout and the vaccination CANNOT be counted on exponentially. The initial rollout is exponential as we vaccinate the low hanging fruits that are the easy ones. The balance of 10% can take a long time and require more effort. it’s the old 80/20 rule.

Like I said, one needs to take notice that this rollout is proceeding not too slow but toooooo darn slow.

If the UK variant is already in the community we are pooched….Not Sure the expected recovery will come, it is not a sure thing at all.

Next we should realize we had been depending on this?
Can you seriously believe it. Which government official was going for this?

https://globalnews.ca/news/7483970/cansino-nrc-covid-vaccine/

https://www.cbc.ca/news/canada/nova-scotia/canada-china-covid-19-vaccine-trial-plug-pulled-1.5701101

#92 Drill Baby Drill on 01.13.21 at 8:11 pm

The International oil price ie; WTI for us in NA is approx $53 USD/bbl. over the past 10 days or so. This is due to the Saudis once again taking the lead on production cutbacks. Other reasons are the drop in the value of the USD and demand remaining relatively strong even considering covid. This bodes well for Alberta and Sask.

#93 walltiger on 01.13.21 at 8:11 pm

#69
#73

China planted the most trees in the world.

https://www.bloomberg.com/news/articles/2020-09-14/china-s-40-year-billion-tree-project-is-a-lesson-for-the-world

I am amazed. With todays technology and the readily available information on all channels, how can anyone be so obtuse as not to know the difference between good and evil, progress and backwardness, outright aggression and peace and harmony.

Many of you claim that the main stream media in the Western world is no longer to be trusted and yet, when it comes to China, all your information came from BBC and Fox News. None of your self-proclaimed China experts never even set a single foot in China. So yes, CCP lies, Covid had killed a billion Chinese, would that make you happy?

I have childhood friends and families in China, I visit my hometown twice a year since 2000. Almost all my childhood friends and family members own their own apartments and have vehicles. A few of them are even multi-millionaires. 90% of the Chinese people believe that China is heading in the right direction while only a dismal 35% in the US does according to the 2017 Ipsos poll.

https://www.weforum.org/agenda/2017/01/which-countries-are-on-the-right-track-according-to-their-citizens/

Here is a Canadian guy who has been living and doing a brewing business in Shenzhen, China. He is very intelligent and articulate. Want to know the real China, take a look at his Youtube Channel.

https://www.youtube.com/watch?v=hv3H9PNw4eQ

#94 mike from mtl on 01.13.21 at 8:18 pm

#69 Felix on 01.13.21 at 5:46 pm
#4 walltiger – Nice propaganda essay…Taiwan number one!
/////////////////////////////////////////////////////////

Exactly. Typical pro-CCP deflection.

#4 walltiger

Hey I guess that means you’re pretty convinced the virus came to Wuhan from a frozen fish shipment from Austrailia?

So the Han people never invaded anywhere in their history? What load of s__t is that?

Uneasy neighbours the Japanese are certainly no angels that’s putting it politely. Though being put in their place, now content on that island.

Not so long ago, the UK literally governed half of this world, admittedly not by sailing in and asking directions. Spain was the trendsetters.

Listen, every country has its share of problems and sorted past, but modern-era CCP China is a real nuisance. We in the west let them such a massive boost by falling for the almighty dollar.

#95 Elgatonegro on 01.13.21 at 8:20 pm

“But only if you can afford it and it doesn’t gut your finances”. Nobody seems to know who fits into this category anymore. Seems out of reach for even those with decent incomes. The dept level is way beyond my comfort level. Too old school I guess!

#96 Lead Paint on 01.13.21 at 8:26 pm

#4 walltiger on 01.13.21 at 1:57 pm

“But Mao’s later reign saw sufferings and deaths from famine and power struggles.”

Went a bit light on Mao, don’t you think?

“The Great Leap resulted in tens of millions of deaths, with estimates ranging between 15–55 million deaths, making the Great Chinese Famine the largest in human history.”

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

I guess it’s good to be number one at something, but I think your writeup, while interesting, is a bit one-sided.

How much of China’s awesome technology was taken from the West, via coercion or outright theft?

FYI I’ve been to Tibet, the locals do not look happy with their overlords, so not everyone loves living in China. I guess that if you are Han and have means, and you don’t mind that the government can detain you without reason or justification for as long as they want, then I guess China might be an okay place to live. But I would worry that with all the AI facial tracking and social credit that you could suddenly find yourself, instead of a pleasant totalitarian state, in a hellish one. But I’d take a chaotic but free India over ‘safe’ state repression any day.

“The level of patriotism in the country has reached an unprecedented height.” This is when countries are at the most dangerous, like the US post 9/11, it censors anyone who wants to question the government’s motives for doing things like going to war with Iraq (or squashing Hong Kong or heaven forbid, invade Taiwan).

The world doesn’t need more patriotism, it needs more pragmatism. But good luck with the move, I appreciate you sharing your take on Chinese history. Enjoy freedom to read what you want and say what you want while you can!

#97 Faron on 01.13.21 at 8:56 pm

#87 G on 01.13.21 at 7:36 pm

That G stand for Guccifer 2.0?

I found that video on Twitter. All the same, RT is a Russian propaganda arm. Russia has openly supported Trump in the past. Thus, RT should be taken as the garbage water that it is and treaded carefully.

I just did a search for Navalny on their site that was “interesting”. Also watched some cool videos of the new russian fighter jet. Whatever the russia directed equivalent of ‘murca is, RT is shouting it loud and clear.

#98 45north on 01.13.21 at 8:56 pm

Dogman1

I am not sure why Canada seems to lack agency perhaps; “Cause everything moves real slow when it’s forty below”.
Avro Arrow – gone aircraft industry
Nortel – gone telecommunications industry
Blackberry – gone mobile phone leadership
Oil & Gas Sector – gone leadership in innovation and efficiency , leading environmental standards

The lack of leadership in oil and gas is troublesome. The Avro Arrow, Nortel and Blackberry are water under the bridge. The Avro Arrow would have taken tremendous determination and leadership. Conservative Prime Minister John Diefenbaker just caved to American pressure. We won’t know for sure why. Nortel was a betrayal. Nortel management betrayed its employees and share holders. Blackberry, I don’t know. For sure Canada has an advantaged position in oil and gas but the industry is betrayed by our leaders who arrogantly think that somehow green energy will supplant it. Our leaders are arrogant – they claim to be superior without adopting goals by which they can be measured – the opposite of JFK who challenged America to get to the moon by 1970.

It’s not like the oil and gas industry is simply a matter of prestige. It’s vitally important to our society.

#99 Wrk.dover on 01.13.21 at 9:13 pm

#89 Nonplused on 01.13.21 at 7:44 pm

But in both cases both hot water tanks had to be replaced. They don’t last forever and by the time one is leaking the other is probably near done too.

————————————–

Replace the anode every five years, then they last over twenty years, easy.

#100 Robert Ash on 01.13.21 at 9:22 pm

Re Wall Tiger. Thanks for your outline, and comments, it offers an alternate opinion, and it is important, for Blog participants, to hear another point of view. I have worked and lived in Asia, for 2 Decades, and can say that I find most Asians, families, have a strong Agricultural background, which makes most Asians, pretty nice people. Kind and Generous. I have been treated very well, and your comments, resonate, with me. Additionally I would put forward that Buddhism, is possibly the most inclusive, and friendly Non Religion.

#101 crowdedelevatorfartz on 01.13.21 at 9:23 pm

DELETED. Knock it off. – Garth

#102 I don't see you / ICU on 01.13.21 at 9:25 pm

#6 Dogman01

100%!!!!!!

How can Ontario be “overwhelmed” with only 400 ICU patients – no more room. WHERE ARE THE ICU BEDS?

Politicians and their health care cuts coming to roost?

What if we dumped a few dozen of these COVID billions into permanent healthcare investments instead of CERB give-a-ways to those who didn’t even need it?

When will the incompetence of our leadership end? WHEN?

#103 Paul on 01.13.21 at 9:42 pm

#90 Pete from St. Cesaire on 01.13.21 at 7:59 pm
For there to be 3000 cases per day discovered in Ontario, there needs to be about 50000 tests being done each day (if you believe the data that shows that about 6% of tests come back positive).
If they are so anxious to get the vaccines rolled out why can’t they switch over from testing to vaccinating.
———————————————————————————————
We Do Not Have The VACCINE, Justin did not secure enough that’s why there were no vaccinations done over New Years ,

#104 45north on 01.13.21 at 9:49 pm

Rook

If I read that properly, it sounds like even at 1.75%, Canadians couldn’t afford their debt burden. Is that a correct interpretation?

I’d say yes we cannot afford our debt and we’re adding to it.

#105 Ponzius Pilatus on 01.13.21 at 9:51 pm

#72 kommykim on 01.13.21 at 6:20 pm
RE: #4 walltiger on 01.13.21 at 1:57 pm

I don’t normally read lengthy posts, but this was interesting. Thanks for posting a different perspective.
—————-
Same here.
I’ve been to HongKong 3x and China 2x and studied Chinese history.
Xi is a bit hard to read right now.
But overall, bang on.

#106 will on 01.13.21 at 10:01 pm

#4 walltiger

thank you very much for your succinct history of china. i’m sure there are many canadians besides me who see china the same way. i had a chance (and a visa) to go to china quite a while ago, alas it was not to be. it’s definitely a destination of mine to ride the high speed trains and travel the new silk roads. hats off to you for your decision to go back, to repatriate. love ya.

#107 Phylis on 01.13.21 at 10:09 pm

How am I going to eliminate ping if I can’t retard the timing.

#108 SpeedWeasel on 01.13.21 at 10:11 pm

#4 Walltiger
Thank you. Though I am highly educated and have lived in Asia and Europe, I learned much from your perspective. I am suspicious about the techno-wonderfulness of 21st C. China, but you taught me much about the Opium Wars. Thanks.

#109 Doug t on 01.13.21 at 10:11 pm

#4

Longest post ever award ?

#110 IHCTD9 on 01.13.21 at 10:22 pm

#52 Flop… on 01.13.21 at 4:18 pm
#27 Ponzius Pilatus on 01.13.21 at 3:06 pm
Pflop.
Regarding the Fools convention in Pfhoenix.
I for one am finished spending my hard earned Kanuck dollars in the Crazy States of America.

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

Hey The Ponz, yeah, nothing that is going on in the States at the moment is going to stop me from visiting again.

————- —

Same here flop. First chance we get to head down for some more camping in upstate NY, we’re gone.

#111 Doug t on 01.13.21 at 10:22 pm

#4 What they really want is the Chinese to change the government, because the current one is too good.

Nice story – not buying a lot of it – the CCP under Xi Jinping are not “too good” – they are very insidious and dangerous for sure (not unlike America) –

#112 Long-Time Lurker on 01.13.21 at 10:30 pm

He’s Admitting Everything!
David Harris Jr. Published January 10, 2021 274,932 Views

Rumble — The sworn affidavit is real! And this Italian attorney is verifying that votes were switched from Trump to Biden! Text and email this video to everyone you know!

https://rumble.com/vclx4f-hes-admitting-everything.html

#113 SpeedWeasel on 01.13.21 at 10:40 pm

To #96 Lead Paint

Thank you. I was impressed by WallTiger’s history lesson, but you have reminded me of the long-term implications of Communist control. As a patriotic Canuck, I will now go outside and hide under a snowbank until this geopolitical complexity passes.

#114 Barb on 01.13.21 at 10:44 pm

#4 walltiger

H and I 20+ years ago travelled to Beijing and numerous side cities. The Great Wall is truly stunning.

One thing that was really disappointing was the dark descent (15w light bulb on each of 3 landings?) into the bowels of the Ming Tombs. No English translation accompanied the numerous stunning artifacts, despite many tourists from Europe and North America.

#115 walltiger on 01.13.21 at 10:52 pm

#96

What’s wrong with facial recognition, unless you are a criminal.

China’s poverty alleviation efforts are inclusive, that means Tibetans and the other 54 ethnic Chinese groups as well.

You don’t write off the right of governance of a party when a particular leader made mistake. On the contrary, it proves its legitimacy when the party can self correct and be progressive.

And why god forbid China taking back Taiwan? Taiwan had always been a part of China. It was taken away by force when China was fragmented and weak. This is the part I don’t understand about Western culture even though I have been here for almost 40 years. If you don’t understand something, please save your ignorance and arrogance, and your ideology.

#116 millmech on 01.13.21 at 10:59 pm

#4 walltiger
I guess you got a camp job back home.

#117 ken on 01.13.21 at 11:06 pm

#91
are you suggesting the “Biden Vaccine” is not getting there fast enough??”

#118 crowdedelevatorfartz on 01.13.21 at 11:23 pm

@#105 Ponzie’s Propaganda Platitudes

Your kowtowing to pro communist chinese propaganda is pathetic.

The opium wars 100 years later.
Fentynal manufactured in China and dumped on Canadian streets killing thousands.

The slave labor of the Uighur work camps wrapped up in “re-education” for up to 1 million people.

The “western ” opinion polls showing our disgust with our leadership is what happens in democracies as opposed to any dissent in China being silenced, intimidated, crushed.

When you visited China “several times” did you raise a sign in Tienenam Square to honor the hundreds( maybe thousands) of unarmed protesters shot down in cold blood 30 years ago?

#119 Whole Truth and Nothing But on 01.13.21 at 11:26 pm

DELETED

#120 dd888 on 01.13.21 at 11:28 pm

#13 TW

“As it turns out, Canada is not a lot smarter, healthier or better run than the USA”

Canada population: ~35 million
USA population: ~350 million

Canada cases/deaths: 683,339 / 17,335
USA cases/deaths: 22,901,264 / 382,120

Per capita we have about a third the chance of getting infected and half the chance of dying compared to the USA. I think that counts as a fair bit smarter, healthier, and better run.

——————

Ugandas Polulation: ~47 million
Ugandas Cases/ Deaths : 38,085 / 304

Pretty smart for a country so densely populated, poor, and with crappy healthcare and no lockdowns.

#121 the Jaguar on 01.13.21 at 11:32 pm

@#182 IHCTD9 on 01.13.21 at 9:47 am – hmmm. I don’t think we want to go there, IHCTD9. (Wink).

@#186 Don Guillermo on 01.13.21 at 10:19 am YEAH!! Look who is back from Mazatlan! Bienvenido Amigo!

Oh….and for those who might be interested. Maybe Paul, or Sail Away. Here is a new book that is coming out. You might want to put it on your reading list.
Anyone who doesn’t want to read this person’s views is under no obligation to to do so, and be forewarned ( he who won’t be named because his opinion on this or any other matter doesn’t register with me at all ) that this post is in no way an invitation to seek your own opinion or thoughts on the matter. Go ramble on about your “whatever”. Don’t “@” me. Not now, not ever. Keep your distance.

++”Unmasked: Inside Antifa’s Radical Plan to Destroy Democracy Hardcover – Feb. 2 2021
by Andy Ngo : In Unmasked, Andy Ngo tells the story of this violent extremist movement from the very beginning. He includes interviews with former followers of the group, people who’ve been attacked by them, and incorporates stories from his own life. This book contains a trove of documents obtained by the author, published for the first time ever.” ++

What a great time to be alive. I count my blessings every day. Now wait for it.

#122 TurnerNation on 01.13.21 at 11:39 pm

Almost laughable our UN-backed regime in the Occupied Province of Ontario has produced a document of when you may leave your home.
We lost the war guys, fair and square. This is WW3.
For. Your. Health. Comrade. How ya feeling?

https://files.ontario.ca/solgen-stay-at-home-order-2021-01-13.pdf

They are gaslighting us. Masks work. But there NO WAY masked people could sit in a barbershop today, TOO dangerous. Science and all…

Last year brought us the Training then Compliance stages. Now are are in the Submission stage. The bankers can and will do whatever they want now. Properly subdued and locked inside, our assets may be bought up on the cheap. This is the New world order, rolled out March 2020 and showing NO signs of letting up. In fact some conspiratorial might allege a timeline in place.

#123 nonconfidencevote on 01.13.21 at 11:40 pm

@#96 Lead Paint
re #4 walltiger

” Enjoy freedom to read what you want and say what you want while you can!”

++++

Exactly.

Several years ago after “Leader for Life” Xi was appointed many people in China derisively referred to him as “Winnie the Poo” because the physical similarities were……striking.

Try googling ( sorry google is censored) “Winnie the Poo” in China or anything controversial like the Massacre in Tianenam Square 30 years ago.

https://www.theguardian.com/world/2018/aug/07/china-bans-winnie-the-pooh-film-to-stop-comparisons-to-president-xi

https://en.wikipedia.org/wiki/1989_Tiananmen_Square_protests

You will receive a knock on the door from the glorious guardians of peace and stability ….otherwise known as the truncheon thugs.

Good luck wall tiger, just dont expect to buy any tiger bones on the black market as an aphrodisiac…..their getting really expensive now that they’re almost extinct

#124 crowdedelevatorfartz on 01.13.21 at 11:43 pm

@#106 your free will is gone

“thank you very much for your succinct history of china.”

++++

Succinct?
Try “rose colored” view from an ex pat.

#125 morrey on 01.13.21 at 11:45 pm

#4 walltiger

So you and your family made your fortune in Canada. And you repay her and her people by moving back to China.

jeez!

PS don’t come back

#126 YVR 60% Crash on 01.13.21 at 11:55 pm

#4 walltiger on 01.13.21 at 1:57 pm

—————————

This is after all an economic & finance strategies blog.
So …. What is your point 50 Cent Army?

#127 Impeach we trust on 01.13.21 at 11:58 pm

#13 TW on 01.13.21 at 2:09 pm

“As it turns out, Canada is not a lot smarter, healthier or better run than the USA”

Per capita we have about a third the chance of getting infected and half the chance of dying compared to the USA. I think that counts as a fair bit smarter, healthier, and better run.

___________________________

Get over yourself! The reality is that most every case of COVID is attributable to a plane (or other vessel) that came into the country back in the spring. The number of infections (and by extension, deaths) is a direct result of how many locations that were “breached”. Given that many more international travellers went to the USA vice Canada, it pretty clear why things are the way they are. That’s how pandemics spread. Like fires raging on multiple fronts.

For extra points … ever wonder why the territories have had such low numbers? Seriously, who wants to go there? To put things into perspective, BC has more international travellers than all provinces combined, excluding Ontario.

Watch your step when you come down from your high horse!

#128 yvr_lurker on 01.14.21 at 12:12 am

#91
Note the longer we take to suppress and deactivate ( not kill) this virus the more chances it has to mutate into something more lethal. It is NOT simply time. Mutations only happen during the creation of the virus in an active body. The more CASES there are the HIGHER the likelihood we will have a really bad mutation. SO again, remember total CASES = more chances. Waiting out the virus is not the solution. If a mutation comes along that the vaccine is not effective comes up by chance, we are back to maybe 6-8 months ago nearly square one.
———————-

This is very close to how I see our situation, and after having a candid talk with my scientist friend at the BC-CDC, this is largely how they see it. Although most mutations are not at all dangerous, the longer the virus is raging through the world the larger a chance that there will be some mutation that greatly decreases the efficacy of the vaccine. Although the vaccines are hopefully rather robust as they focus on the spike protein, the world needs to speed up the vaccination process so that the virus does not escape the design envelope.

Now for that Wall Tiger fellow. I am aware of the attrocities of the opium trade up the Yangtze by the Brits, the great famines, the absolutely heinous and unpunished behavior of the Japaneese in Nanging in the late 1930s, the head tax from Canada, but the great improvement in the lives of the peoplein China largely since Mao. The people I am friends with from China are largely warm and I have been to China for work trips more than 10 times in the past 15 years.

However, as I see it the CCP Gov’t in China has morphed into just another world bully with the following actions: human right abuses in Tibet, Hong Kong, and with their minority muslim and ethnic groups; the theft of intellectual commercial property from the west; currency fixing; arbitrary detainement of citizens of other countries for political purposes (the two Michael’s are just one little example of this); their financing of illegal poaching wordwide and the ivory trade; the Yulin dog “festival” (not a party that ang dog would want to go to); bully trade tactics and arbitrary reprisals in trade; their complete recklessness in not heeding warnings from their own and international scientists over the past 15 years of the dangers of pathogens lurking in their notorious live animal markets. The list goes on and on. The idea of reworking the trade and other relations between the west and China was one of the only things I lvery much resonated with during the Trump administration.

In our metaphoric intertwined global village we all have houses on the same block. What we are all feeling the repurcussions of now is that one particular house was negligent in setting off a huge fireball down our global street that has engulfed most of its neighbours. This particular house is now denying entry to scientists to visit their backyard to try to understand how the fireball originated. Seems to me like the houses affected by all of this should be rebuilt on a different socially-distanced block.

So forgive me if I don’t feel too charitable towards your one-sided view of China and your long history lesson. Many of us will have a very long memory with all of this.

#129 Nonplused on 01.14.21 at 12:22 am

#99 Wrk.dover on 01.13.21 at 9:13 pm
#89 Nonplused on 01.13.21 at 7:44 pm

But in both cases both hot water tanks had to be replaced. They don’t last forever and by the time one is leaking the other is probably near done too.

————————————–

Replace the anode every five years, then they last over twenty years, easy.

————————–

Yes, that helps. But anyway I am sure Garth is getting bored of us talking about water heaters.

#130 Yukon Elvis on 01.14.21 at 12:31 am

#4 walltiger on 01.13.21 at 1:57 pm

I am retired this year and is planning to move back to China, yes, China, that evil, dark and repressive country the western world painted for all of you. Below is an article written by a Malaysian in which he factually and succinctly tells the world how China really is and I agree.
………………………

Have fun in China. Say hello to the two Michaels for me.

#131 First we die, then we rage on 01.14.21 at 1:39 am

DELETED

#132 No left turn on 01.14.21 at 2:04 am

#4 walltiger
The future is for those who can innovate. The communist Chinese cannot innovate. The cultural revolution murdered all 50 million innovative thinkers. But good on you. Best of luck, bring a suitcase of anti pollution masks, milk powder and antibiotics with you.

Communist China is the truest evil that has ever existed on planet earth. Unfortunately most of us will only learn this after it is too late.

#133 G on 01.14.21 at 2:06 am

Hi#97 Faron,

It’s not for Guccifer 2.0 (I needed to look it up).

Both that Tore says news (YouTube for now) and X22 Report still on (Bitchute) might just be good for entertainment.

Both are suggesting that next week or so info might coming out that will shock some and might even lead to more communication going down to try and stop it from spreading. Time will tell I guess. https://www.bitchute.com/channel/n78PbEkvWx2g/ if interested.

Might have been one or both that suggested that a parrell military operation grabbed Nancy’s laptop when antifa and a few others fallowed them into the capital building. But I wasn’t there and have no real info to know if the sites are real or full of baloney using CGI.

Both have shown the POTUS talks and texts telling people to be peaceful, the stuff BIG tech and MSM doesn’t want the masses to see for some reason.

As for RT news, it’s just another info source, paid for by a government. Sometimes it good to hear all sides to try and figure out what might be closer to the facts because it’s not always clear what is true or made up some times. CBC isn’t different, both are used to manufacture consent sometimes.

#134 Doo May Wongze on 01.14.21 at 2:36 am

Indonesia begins vaccination of 180 million. USA, UK and EU are mass vaccinating. What’s happening in Canada? A gift of charity from a Belgium based NGO gave Trudeau 249 thousand doses which spread across the countries media base. Now the photo op is over, vaccine had run out. No vaccine until Sept/Oct. Will anyone be alive to get the jab?

#135 Derek Pandke on 01.14.21 at 3:21 am

#4 walltiger on 01.13.21 at 1:57 pm

Please use another forum to post your propaganda. You are presenting an extremely biased view and opinion of China. You can reference history and nobody has ever argued that the UK or any other country is perfect, but what you are presenting is also propaganda. China is a Communist that does not respect the rule of law and is not a global ally to freedom and democracy. You reference the Malaysian Chinese. The same could be said for Malaysian Chinese, Thai Chinese, Burmese Chinese or which ever country has HAD to take in a huge Chinese diaspora of Chinese who FLED COMMUNISM. Hong Kong is an example of the dismantling of democracy. You are explaining away many serious issues mainland China and the Communist Party have done to undermine Hong Kong’s basic law and the agreements that still had 27 years. You are explaining away in almost a childlike way the terror the Uighurs are facing and the sterilization woman are having to undergo against their will. What you’ve written above confirms why I’m even more of a card carrying enemy of the Communist Party. China is a and continues to be a global threat to freedom and democracy so go spread you’re propaganda and simplistic views elsewhere.

#136 SoggyShorts on 01.14.21 at 4:09 am

#29 Faron on 01.13.21 at 3:15 pm
#13 SoggyShorts on 01.13.21 at 2:14 pm
I’m having trouble rebalancing.


DO IT. The unassailable reasoning is that you have a plan and a metric and you have now reached a specified threshold without emotion involved. Do it now. Anything else would be speculative market timing.

***************************
Thank you very much. I wasn’t sure what I was looking for until I read this, but now I’m certain that it’s what I needed to hear. Ultimately the outcome wouldn’t break me either way, but kicking myself for making an emotional decision is a real risk, and I’m the type to dwell on it for months if not years.

#29 Faron on 01.13.21 at 3:15 pm
#13 SoggyShorts on 01.13.21 at 2:14 pm

The much more assailable answer from a perma-bear like myself is that there are many many metrics that indicate that markets as a whole are at some kind of top. Positioning, valuation, sentiment, VVIX and bond volatility are all startng to flash warnings. Probably a 5% dip, but maybe something more. Maybe enough to make you wish you were at your target weighting when the whoopsie occurs. You’ll also notice bonds didn’t get cheaper the past couple of days…

*****************************
This helps too. There are always a lot of predictions and justifications for both outlooks and apparently, I’m just as susceptible as anyone else to hearing what I want to hear, so a little counterbalance is healthy.
Thanks again.

#137 Steve French on 01.14.21 at 4:29 am

#4 walltiger

“They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per muslim than the US.
When terrorist attacks happened in Xinjiang, China had two choices:

1. Re-educate the Uighur extremists before they turned terrorists.

2. Let them be, after they launch attacks and killed innocent people, bomb their homes.

—————

Garth — I’m a bit surprised you are letting genocide- deniers onto your blog. What’s next? Something on Nazi Germany?

#138 Dave on 01.14.21 at 7:13 am

GTA PRICES GOING INSANE AGAIN AKA 2017 SPRING

https://twitter.com/JohnPasalis/status/1349498079402217473

https://twitter.com/JohnPasalis/status/1349498080694042632

#139 walltiger on 01.14.21 at 8:36 am

#124

I own an insurance and financial agency with Desjardins.
My corporation pays tax.
I paid top marginal tax for the last 20 years.
My wife paid top marginal tax for the last 20 years.
We sponsor a large dog shelter costing 1000 per month.

what do you do? And if I want to come back to Canada, I will. Its really none of your business.

I am sorry Garth, to bring such a topic onto your blog and causing such disturbance. I will not touch this again. People want to believe what they want to believe and they refuse to open their eyes and minds.

#140 crowdedelevatorfartz on 01.14.21 at 8:47 am

@#115 wall tiger pelt
” If you don’t understand something, please save your ignorance and arrogance, and your ideology.”

+++

Thats “rich” coming from someone who has lived here, working, growing rich their entire working life, and now plans on taking their capitalist cash back.

Will you regale you friends with stories of the arrogant, lazy gwailo after seeing the latest “Wolf Warrior” movie?
You know the hugely popular movies where the Chinese “Rambo” kicks western butt and the audience breaks into a spontaneous rendition of the national anthem?

https://www.youtube.com/watch?v=fcDQcUZxbwI&list=PLsTSNXfaCM9yk6NGUL5dMWd8qnxUE9Z9r&index=64&t=0s

I havent heard of jingoistic audience fervor like that since “Deutchland Uber Alles” rang through the news reels of Nazi Germany’s 1930 Olympic games.

Just curious.
How is it that China has claimed the South China Sea as “theirs”? Against all International Law
Why have they built airstrips out of submerged reefs and then claimed they are “islands” with territorial waters. Again, against all International Law.

http://ca.china-embassy.org/eng/zt/cpot/

Now that China have finally dammed the main river into Vietnam and has “informed” their Asian brothers to expect reduced flow for the next few years while the dam fills….. Will Vietnam be so ready to complain about chinese oil rigs illegally drilling in Vietnamese waters or the illegal chinese fishing trawlers taking the last scrap of food?

https://www.stimson.org/2020/new-evidence-how-china-turned-off-the-mekong-tap/

If Taiwan is a province of the great China than why must China invade?
Taiwan is a democracy and I highly doubt its people will embrace the thug tactics displayed in Hong Kong if that is the way China expects to “regain” a lost “province”.

Your blind loyalty to the mother country is somewhat surprising since you have had ample opportunity over the last 40 years to educate yourself in the purges, starvation and death of millions due to Mao’s failed policies. Your parents were the lucky ones. They got out.

Your ignorance may be unexpected, since its obvious money…. not an education was why you came.

Just dont expect people from the democratic, capitalist western society that made your family’s wealth possible cheer on an increasingly autocratic, militaristic, jingoistic society.
Save your lecturing.

President Xi better hope the Chinese economy keeps rolling along because the only thing the mob in the beloved motherland love more than Xi…. is money.
Ironic for a communist, socialist country yes?

And as Trump has discovered, it one thing to whip the mob into a frenzy, it’s quite another to stop a mob.

First a recession to make the mob angry…then a war to blame “others” for their plight?
An age old political trick.

Starting in the South China Sea?

Where should we mail your CPP cheques?
I’m sure the secret police will love to see the Canadian postage stamp on the envelope.
Expect a knock on the door…..comrade.

#141 walltiger on 01.14.21 at 9:31 am

#140

Well, ever heard something called direct deposit? The CPP will arrive just fine.

Thank you very much.

#142 James on 01.14.21 at 9:35 am

#140 crowdedelevatorfartz on 01.14.21 at 8:47 am

@#115 wall tiger pelt
” If you don’t understand something, please save your ignorance and arrogance, and your ideology.”

+++

Thats “rich” coming from someone who has lived here, working, growing rich their entire working life, and now plans on taking their capitalist cash back.

Will you regale you friends with stories of the arrogant, lazy gwailo after seeing the latest “Wolf Warrior” movie?
You know the hugely popular movies where the Chinese “Rambo” kicks western butt and the audience breaks into a spontaneous rendition of the national anthem?

https://www.youtube.com/watch?v=fcDQcUZxbwI&list=PLsTSNXfaCM9yk6NGUL5dMWd8qnxUE9Z9r&index=64&t=0s

I havent heard of jingoistic audience fervor like that since “Deutchland Uber Alles” rang through the news reels of Nazi Germany’s 1930 Olympic games.

Just curious.
How is it that China has claimed the South China Sea as “theirs”? Against all International Law
Why have they built airstrips out of submerged reefs and then claimed they are “islands” with territorial waters. Again, against all International Law.

http://ca.china-embassy.org/eng/zt/cpot/

Now that China have finally dammed the main river into Vietnam and has “informed” their Asian brothers to expect reduced flow for the next few years while the dam fills….. Will Vietnam be so ready to complain about chinese oil rigs illegally drilling in Vietnamese waters or the illegal chinese fishing trawlers taking the last scrap of food?

https://www.stimson.org/2020/new-evidence-how-china-turned-off-the-mekong-tap/

If Taiwan is a province of the great China than why must China invade?
Taiwan is a democracy and I highly doubt its people will embrace the thug tactics displayed in Hong Kong if that is the way China expects to “regain” a lost “province”.

Your blind loyalty to the mother country is somewhat surprising since you have had ample opportunity over the last 40 years to educate yourself in the purges, starvation and death of millions due to Mao’s failed policies. Your parents were the lucky ones. They got out.

Your ignorance may be unexpected, since its obvious money…. not an education was why you came.

Just dont expect people from the democratic, capitalist western society that made your family’s wealth possible cheer on an increasingly autocratic, militaristic, jingoistic society.
Save your lecturing.

President Xi better hope the Chinese economy keeps rolling along because the only thing the mob in the beloved motherland love more than Xi…. is money.
Ironic for a communist, socialist country yes?

And as Trump has discovered, it one thing to whip the mob into a frenzy, it’s quite another to stop a mob.

First a recession to make the mob angry…then a war to blame “others” for their plight?
An age old political trick.

Starting in the South China Sea?

Where should we mail your CPP cheques?
I’m sure the secret police will love to see the Canadian postage stamp on the envelope.
Expect a knock on the door…..comrade.
___________________________________________
Amen brother a teachable lesson on Chinese Democracy!

#143 Doug t on 01.14.21 at 9:43 am

#140 fartz

YUP

#144 crowdedelevatorfartz on 01.14.21 at 9:45 am

@#139 Wall tiger
” People want to believe what they want to believe and they refuse to open their eyes and minds.”

+++

People dont want to believe YOUR version of reality.
I’ll rely on western media like the New York Times, The Guardian, The Boston Globe, …… instead of your jingoistic , arrogant tripe.

Enjoy spending your “maximum tax dollars salary savings” back in the old country…..just dont arrive in Beijing wearing a Winnie the Pooh sweater.

#145 Penny Henny on 01.14.21 at 9:51 am

#107 Phylis on 01.13.21 at 10:09 pm
How am I going to eliminate ping if I can’t retard the timing.
////////

Who’s Ping?

#146 Don Guillermo on 01.14.21 at 10:21 am

#121 the Jaguar on 01.13.21 at 11:32 pm

@#186 Don Guillermo on 01.13.21 at 10:19 am YEAH!! Look who is back from Mazatlan! Bienvenido Amigo!

********************************************
Thanks Jag but I’m still here, quietly reading the blog from just north of latitude 26. Hoping to have my CV vax sometime in Feb/March as per my age bracket. My wife’s bracket should be just after that. Had to convince the wife to reschedule tonight’s dinner plans as the first Flames game is tonight. Go Flames Go!!! Cuídate Amigo!

#147 dd888 on 01.14.21 at 10:26 am

#4 walltiger

Just ignore all these China bashers. They are frogs in a well. Their world is their well and cannot see what’s beyond the walls and refuse to except that life may be better beyond their small confines of their well. They get their China news from mainstream media.

How many actually even visited China?

I remember how excited and proud Chinese Canadians were about the 2018 Olympics. Everyone tuned in to watch the amazing Opening Ceremonies only to be outraged and shocked by Peter Mansbridge pre-opening 30min show of bashing China for everything from human rights issues to pollution. Not one word of positive things about China.

Every western nation seems to try to convince their citizens through propaganda that they are the best place to live in the world. Best education. Best Healthcare. Blah blah blah.

Funny how the world likes to lecture China about a 1-child policy and at the same time lecture the world about the need to depopulate the planet due to climate change. Essentially their goal is to have the population growth slowed and better yet negative with people having less children and cheer for over 40 million abortions every year.

As for minorities. Took a tour in China (for Chinese not Caucasian). The tour guide was from a minority group. He constantly talked about how well things were for the minorities with no restrictions to number of children and free university education and other benefits.

I believe ever single bus I’ve seen were electric or hybrid and the majority drove electric scooters. Every roof top had solar power water heaters. USA and Canada lead in CO2 emission per person more than double China’s number. You can’t look at CO2 output without factoring in the population. China leads the world in solar panels installations by fear.

People like to joke about how poorly everything in China is made and don’t realize that’s because they just sell the crappy products over here because we can’t afford any luxury products. Go to any mall in China in any city and try to find deals only all the very best brands from around the world. You would be shocked at the prices compared to Canadian prices.

I’m sure you can say there are positive and negative things to say about any nation yet when it comes to China its always negative.

#148 Ponzius Pilatus on 01.14.21 at 10:27 am

#110 IHCTD9 on 01.13.21 at 10:22 pm
#52 Flop… on 01.13.21 at 4:18 pm
#27 Ponzius Pilatus on 01.13.21 at 3:06 pm
Pflop.
Regarding the Fools convention in Pfhoenix.
I for one am finished spending my hard earned Kanuck dollars in the Crazy States of America.

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

Hey The Ponz, yeah, nothing that is going on in the States at the moment is going to stop me from visiting again.

————- —

Same here flop. First chance we get to head down for some more camping in upstate NY, we’re gone
——————-
What’s so special in camping in the US?

#149 Ponzius Pilatus on 01.14.21 at 10:35 am

CEF
Must be hard hating the Chinese and living in Vancouver.
Ni Hao

#150 Phylis on 01.14.21 at 10:35 am

#145 Penny Henny on 01.14.21 at 9:51 am
#107 Phylis on 01.13.21 at 10:09 pm
How am I going to eliminate ping if I can’t retard the timing.
////////

Who’s Ping?
Xxxxxxxx
Uh oh, I wasn’t trying to start an international insurgence, honestly.

#151 BillyBob on 01.14.21 at 10:42 am

#10 Faron on 01.13.21 at 2:04 pm
#2 Sail Away on 01.13.21 at 1:46 pm

#200 Faron on 01.13.21 at 1:10 pm

I currently hold XUT as a proxy for a green energy ETF.

———-

Haha. I hold Smith and Wesson as a proxy for the End Gun Violence movement.

I reckon that was snark, but it probably works well as you state. It’s well documented that whenever a gun control bill is introduced in the US congress there’s a mass run on weapons.

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

Well, that does tie nicely with the fact that Czech firearms manufacture Česká Zbrojovka is planning to buy US arms manufacturer Colt, one of the most legendary firearms brands in the world, possibly by the end of the month.

https://www.all4shooters.com/en/shooting/culture/cz-acquires-colt/

CZUB makes some incredible products. I’m not even a “gun guy” by any means but firing a CZ Scorpion EVO 3 on the range was a blast. (Squeeze’s brother is military, it’s one of many in his collection).

https://www.czub.cz/en/firearms-and-products/semi-auto-karabiny

Will keep an eye on their stock price (CZG).

#152 Ponzius Pilatus on 01.14.21 at 10:42 am

CEF
Unless you know what “Deutchland Uber Alles” means, stop talking about things you don’t understand.
BTW it’s “Deutschland”

#153 Doug t on 01.14.21 at 10:45 am

CCP = the Borg of Star Trek

#154 BillyBob on 01.14.21 at 10:48 am

#30 Ponzius Pilatus on 01.13.21 at 3:16 pm
Billy Bob,
Just saw that the Czech Republic has one the highest COVID cases and deaths per capita.
No wonder that they are desperate for advise from the smart and organized Israelis.

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

Nice try. No one is fooled by your attempt to deflect from the incompetence in your own adopted country.

The difference is the Czechs are doing something practical about their challenges.

When do you think your various levels of government will pull their heads out and do the same?

Vaccine orders are easy to make, as Canada is making apparent – harder to deliver.

#155 No left turn on 01.14.21 at 11:05 am

Actually, I’m glad that wallpapertiger has posted. Now all the communists on this blog have been exposed. Makes some sense. There’s some serious ignorance of history and socialism on this blog. Disappointing. To be expected however, the socialists have come out in droves across the internet. China’s communists have been emboldened by the success of their overseas escapades. Western Civilization still doesn’t realize that we have been losing a war. Best wake up people. Wallpapertiger is but the first, more will come. China is the truest evil that has ever existed on planet Earth. Every other evil pales in comparison as to the suffering that the communist Chinese have unleashed on its people, other people and the planet. Never forget it.
Frankly, it’s disappointing this atrocity and genocide apologist and those who defend them are even given a voice. The hypocrisy is astounding.

#156 whiplash on 01.14.21 at 11:07 am

#4 Walltiger

Maybe you would like to talk to Roy’s family. He is an American citizen working for an American corporation on American soil. Roy knew nothing about the CCP and their regressive policies or Tibet. But, working in the social media department of an American company that has properties in China he accidently clicked “like” on a tweet from a Free Tibet organization about Tibet being “country”. On orders from Beijing, he was fired, the company had one week of on line bookings cancelled and had to make a public apology.
You do business in China your now working for the CCP!!

#157 jess on 01.14.21 at 11:09 am

first the coup then the cover up
https://billmoyers.com/story/insurrection-timeline-first-the-coup-and-then-the-cover-up-updated/

Trump and his new Acting Secretary of Defense Christopher Miller.

Who is Christopher Miller?

By November 9, every news organization declared that former Vice President Joe Biden had won the election. On that day, Trump fired Acting Secretary of Defense Mark Esper and replaced him with Miller, an Army retiree who worked for a defense contractor until Trump tapped him as his assistant in 2018. Miller’s promotion began a departmental regime change that embedded three fierce Trump loyalists as top Defense Department officials: Kash Patel (former aide to Rep. Devin Nunes (R-CA)), retired army Gen. Anthony Tata (pro-Trump Fox News pundit), and Ezra Cohen-Watnick (former assistant to Trump’s first national security adviser, Mike Flynn).

At such a late date in Trump’s presidency, many asked, why the shake-up at the Department of Defense? We may be learning the answer.

#158 Dharma Bum on 01.14.21 at 11:10 am

#100 Robert Ash

Additionally I would put forward that Buddhism, is possibly the most inclusive, and friendly Non Religion.
——————————————————————–

You’re right about that. Once you remove the false concept of a “deity”, the precepts of a philosophy of life become non-religious, and therefore, logical, practical, and non divisive.

With respect to China and the Chinese, I have spent time in China myself and found the people to be warm, friendly, helpful, and “normal” – regular people living their lives and dealing with the daily struggles of life just like anyone else anywhere else.

We tend to view the world through a distorted lens that is created by our own culture, education, propaganda, brainwashing, media, advertising, and experience. Everyone in a particular culture sees the people from another culture as “the other”. We are all so egocentric, and believe that the world is centered on ourselves and “our own people”.

Ignorance prevails.

Governments the world over use that ignorance to divide and conquer.

They have ulterior motives.

Hint: they involve power and money.

#159 IHCTD9 on 01.14.21 at 11:33 am

#148 Ponzius Pilatus on 01.14.21 at 10:27 am
#110 IHCTD9 on 01.13.21 at 10:22 pm
#52 Flop… on 01.13.21 at 4:18 pm
#27 Ponzius Pilatus on 01.13.21 at 3:06 pm
Pflop.
Regarding the Fools convention in Pfhoenix.
I for one am finished spending my hard earned Kanuck dollars in the Crazy States of America.

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

Hey The Ponz, yeah, nothing that is going on in the States at the moment is going to stop me from visiting again.

————- —

Same here flop. First chance we get to head down for some more camping in upstate NY, we’re gone
——————-
What’s so special in camping in the US?
______

We’re only just starting to discover the USA for vacations, but initial forays have the whole family wanting to return. Camping in my area has degraded to junk status over the last 6-7 years or so.

The first time we camped in the US was like a breath of fresh air. It was just like camping *used* to be in our area of Ontario 20+ years ago. Even better really.

#160 Wait There on 01.14.21 at 11:41 am

Well more cases = more mutations.
To the point the UK now gets it!
When will Canada? We need to be careful about what we let in, not worrying about how the visitors feel about our actions to protect ourselves.

https://www.independent.co.uk/news/health/covid-japan-new-variant-brazil-latest-b1786847.html

https://news.sky.com/story/covid-19-government-to-consider-travel-ban-on-brazil-due-to-concerns-over-new-variant-12187484

#161 Faron on 01.14.21 at 11:53 am

#133 G on 01.14.21 at 2:06 am

Hi#97 Faron,

As for RT news, it’s just another info source

That’s hilarious. Oh boy. Next, please send me an article from xinhua.

#162 Sail Away on 01.14.21 at 11:57 am

#151 BillyBob on 01.14.21 at 10:42 am
#10 Faron on 01.13.21 at 2:04 pm
#2 Sail Away on 01.13.21 at 1:46 pm

#200 Faron on 01.13.21 at 1:10 pm

I currently hold XUT as a proxy for a green energy ETF.

———–

Haha. I hold Smith and Wesson as a proxy for the End Gun Violence movement.

———–

I reckon that was snark, but it probably works well as you state. It’s well documented that whenever a gun control bill is introduced in the US congress there’s a mass run on weapons.

———–

Well, that does tie nicely with the fact that Czech firearms manufacture Česká Zbrojovka is planning to buy US arms manufacturer Colt, one of the most legendary firearms brands in the world, possibly by the end of the month.

———–

Yes, CZ pistols are very nice. Conversely, I never shot a more inaccurate pistol than the Colt .45 M1911, iconic or not.

Faron, a point of pedant, since I know that’s your bailiwick: it is actually incorrect to label an inverse indicator as a ‘proxy’. That’s why I chuckled. You’re welcome.

#163 Faron on 01.14.21 at 11:57 am

#136 SoggyShorts on 01.14.21 at 4:09 am

#29 Faron on 01.13.21 at 3:15 pm
#13 SoggyShorts on 01.13.21 at 2:14 pm

Glad what I said was helpful, but please do not rely on my advice. I’ve been at this for a couple of years starting from scratch. DYODD as they say.

There are market headwinds right now (today’s US weekly first time unemployment claims # is very bad) but the bigger picture is for massive tailwinds and the eventual runaway will catch people like me unawares until it’s too late.

#164 Sail Away on 01.14.21 at 12:04 pm

Re: SoggyShorts and rebalancing

Rebalancing is the secret sauce of success and straightforward when holding all broad-market, or broad-sector ETFs, which I think might be the case for you.

It gets a little more complicated with individual stocks, since a common action is often to take profits on a super-winner while hanging onto poor performers. And… unless something fundamental has changed with the winning stocks, this approach can drive a portfolio to mediocrity.

#165 jess on 01.14.21 at 12:05 pm

Jan. 4: The National Park Service increases the crowd estimate on the January 6 rally permit to 30,000 – up from the original 5,000 in December.
2:15 p.m.: Trump’s mob breaches the Capitol building – breaking windows, climbing inside, and opening doors for others to follow.

(DoD Memo) 2:22 p.m.: Army Secretary McCarthy discusses the situation at the Capitol with Mayor Bowser and her staff.

They are begging for additional National Guard assistance. Note the time. It’s been almost an hour since Bowser requested help.

2:24 p.m.: Trump tweets: “Mike Pence didn’t have the courage to do what should have been done to protect our Country and our Constitution, giving States a chance to certify a corrected set of facts, not the fraudulent or inaccurate ones which they were asked to previously certify. USA demands the truth!”

After erecting a gallows on the Capitol grounds, the mob shouts, “Hang Mike Pence.” Rioters create another noose from a camera cord seized during an attack on an on-site news team.

======================
who will be the new irs chief?
Rettig, who failed to disclose his connection to the Trump property when first appointed, told House lawmakers in 2019 that it was ultimately his decision—under the supervision of Treasury Sec. Steven Mnuchin—whether or not to turn over Trump’s federal tax returns to Congress, as House Democrats have requested.

Rettig denied the request for Trump’s tax documents in May 2019,
Mnuchin said the House Ways and Means Committee’s request “lacks a legitimate legislative purpose,” citing the legal advice of the Justice Department in denying the demand.

“We are unable to provide the requested information in response to the Committee’s subpoena,” Mnuchin wrote.

https://home.treasury.gov/system/files/136/Secretary-Mnuchin-Letter-to-Chairman-Neal-2019-05-17.pdf
https://www.nytimes.com/2019/05/17/us/politics/mnuchin-trump-tax-returns-subpoena.html
https://www.forbes.com/sites/alisondurkee/2020/09/01/irs-chief-makes-more-than-100000-per-year-off-trump-property-documents-show/?sh=4e6e824c7488
https://www.opensecrets.org/trump/trump-properties

https://www.forbes.com/sites/alisondurkee/2020/09/01/irs-chief-makes-more-than-100000-per-year-off-trump-property-documents-show/?sh=bd2b89674887

#166 Faron on 01.14.21 at 12:06 pm

#121 the Jaguar on 01.13.21 at 11:32 pm

Now wait for it.

I love it when people’s media diets are revealed.

Andy Ngo has an admirable drive and work ethic. He also is an Islamophobic opportunistic race baiter who has a history of aligning with the Proud Boys who, at best, are no less radical. He also works really hard to report abundantly, but selectively so that what he transmits aligns with viewers and readers who sympathize with his cause and who are likely to contribute to his patreon. It’s your money so feel free to help fill his coffers.

#167 jess on 01.14.21 at 12:19 pm

..”The attackers came with a gallows and noose, ready to seize Pence, Pelosi and other lawmakers, police and journalists, among others. “Murder the Media” was scratched on a door. Nonetheless, Trump’s handpicked latecomers now running the Pentagon pooh-poohed the insurrection, calling it mere “First Amendment Protests” in an official timeline of law enforcement and military inaction that day.

Once the mob overwhelmed police and broke into the Capitol, pro-Trump lawyer L. Lin Wood exercised his First Amendment right to protest with an inflammatory tweet on the insurrectionist Parler website calling for the murder of the vice president:

“Get the firing squads ready. Pence goes FIRST.”

“Had Trump’s mob proved competent to capture and murder our lawmakers, it would have given Trump cover to suspend habeas corpus. That would have allowed him to lock up his perceived enemies while ignoring their right of access to the courts, lawyers or anyone else.

Our Constitution at Article I Section 9 provides that “The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.”

While President Abraham Lincoln suspended habeas corpus because America was under attack by the Confederacy, Trump perverts that necessity by having his own goons attack, creating a pretext to jail his enemies and seize dictatorial power.”…

https://www.dcreport.org/2021/01/11/they-came-for-blood/

https://www.dcreport.org/2021/01/11/they-came-for-blood/

#168 dd888 on 01.14.21 at 12:23 pm

#98 45north

Shame for Blackberry. If they rush and develop a new phone not based on Android but app compatible with Android, 70+ million US users would rush to purchase it overnight right now.

#169 Another Deckchair on 01.14.21 at 12:33 pm

@dd888, wallTiger

“People like to joke about how poorly everything in China is made and don’t realize that’s because they just sell the crappy products over here because we can’t afford any luxury products.”

No China bashing from this white guy. I’ve worked with many Chinese Canadians, and respect each and every one. Great people. You have my respect.

As per the quote – “we” purchase the crap because people here focus on least up-front cost, not about function nor longevity. I *know* China produces great stuff, if requested. You have my respect.

#170 jess on 01.14.21 at 12:33 pm

https://news.bloomberglaw.com/white-collar-and-criminal-law/l-lin-wood-removed-from-delaware-case-rebuked-for-incitement

#171 Squire on 01.14.21 at 12:34 pm

The Great Reset is real… get on board or get shut down.
https://www.youtube.com/watch?v=uZFGQCtj3ig
Trump didn’t tow the line, got shut down. Blackrock.

#172 baloney Sandwitch on 01.14.21 at 12:51 pm

Enjoying a small schnapp of schadenfreude on the impeachment of the orange schmuck, drumpf? Prost.

#173 Faron on 01.14.21 at 12:53 pm

#162 Sail Away on 01.14.21 at 11:57 am

Faron, a point of pedant, since I know that’s your bailiwick: it is actually incorrect to label an inverse indicator as a ‘proxy’. That’s why I chuckled. You’re welcome.

Yo no comprende, amigo. XUT contains a couple/few relatively pure renewable/green names. Yes, it also contains nat gas utilities, but it’s hardly inverse to green/renewable. A more accurate clarification would be to say that my “proxy” is actually quasi orthogonal.

#174 Faron on 01.14.21 at 1:04 pm

#159 IHCTD9 on 01.14.21 at 11:33 am

#148 Ponzius Pilatus on 01.14.21 at 10:27 am
#110 IHCTD9 on 01.13.21 at 10:22 pm

We’re only just starting to discover the USA for vacations, but initial forays have the whole family wanting to return.

Dude, it would be a long haul for you, but get ye to Utah, Idaho, Wyoming, CO, NV. Eastern Oregon. Take a few weeks, bring your quads etc. Fall/late fall. Canada doesn’t hold a candle to the landscape diversity of the US, especially the west.

#175 Stoph on 01.14.21 at 1:13 pm

#4 walltiger on 01.13.21 at 1:57 pm

—————————————————————

Interestingly, when comparing western countries vs. China, Chinese colleagues would describe the west as capitalist and China as communist; whereas I, having grown up in the west as describe it as democratic vs. China as communist.

#176 Barb on 01.14.21 at 1:16 pm

#98 45north

Shame for Blackberry. If they rush and develop a new phone not based on Android but app compatible with Android, 70+ million US users would rush to purchase it overnight right now.
———————————-
Any idea why brilliant Mr. Chen of Blackberry sold Huawei 90 of their patents, including security features.

https://www.theglobeandmail.com/business/article-blackberry-sells-90-patents-to-huawei-covering-key-smartphone/

#177 Ustabe on 01.14.21 at 1:42 pm

#121 the Jaguar…er, sorry, @#121 the Jaguar:

If a simple book recommendation requires a lengthy paragraph of demands as to how to approach the book, how not to approach the person recommending the book and who might be interested in the book….maybe its not quite an Oprah Book of the Month Club contender, eh?

#178 BillyBob on 01.14.21 at 2:29 pm

#177 Ustabe on 01.14.21 at 1:42 pm
#121 the Jaguar…er, sorry, @#121 the Jaguar:

If a simple book recommendation requires a lengthy paragraph of demands as to how to approach the book, how not to approach the person recommending the book and who might be interested in the book….maybe its not quite an Oprah Book of the Month Club contender, eh?

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

Or maybe just an attempt to proactively fend off useless potshots. Guess it didn’t work in your case.

But it does show that Jag knows how to read the room.

#179 Sail Away on 01.14.21 at 3:36 pm

#176 Barb on 01.14.21 at 1:16 pm

Any idea why brilliant Mr. Chen of Blackberry sold Huawei 90 of their patents, including security features.

https://www.theglobeandmail.com/business/article-blackberry-sells-90-patents-to-huawei-covering-key-smartphone/

————

Chen may have had a good reason. BB is up 31% for the year as a whole, and up 247% since the March low. I think BB is a sleeper that’s waking up.

#180 Diamond Dog on 01.14.21 at 5:24 pm

#4 walltiger on 01.13.21 at 1:57 pm

Good advice Garth. Would more often than not expand on it, but this comment here takes precedent and this one likely being the last comment…

Ok walltiger, this is where you went wrong yesterday.

Your “China all good, west all bad” vibe wreaks of splitting (once again, required reading):

https://en.wikipedia.org/wiki/Splitting_(psychology)

“Deep sympathy for China”, wreaks of victim playing (yup, more required reading):

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

For all we know walltiger, your message and anonymous name suggests that of an international political propagandist. It would not be a first.

Perhaps you’ve just swallowed the koolaid of your own national brand, we get that kind of crazy with every brand one can think of to style their own sense of superior/inferior btw from family name, education, wealth, gender, age race, religion, culture, government, political party, nation, even species as a human race but we’ve had political propagandists here too and they just don’t last because, as pathetic as this site can sometimes be (and good too, it’s called free speech), there’s too much truth.

Good messages aren’t just worth repeating, but apparently necessary. Equality, love, forgiveness, oneness, truth, without these virtues, one can’t have peace and their antithesis’s, (discrimination, hatred, grudges, division and lies) will only lead to conflict or war.

Once again true leaders, not heavily conflicted imposters like Trump as we are finally learning but true Alpha’s, they aren’t interested in preserving a brand as brands change as quickly as the wind drifting the sands of time. No, they are in every way out to preserve the virtue’s, ideals and practices that in every way lead to peace.

And I get that we tend to be romantic with brands? Pick ’em, a baseball team or hockey or football or Olympics etc., or family reunions and marriages and the political parties we support and companies we work in and support (or don’t) and our nations. Its hard not to get romantic with it, its personal and life is supposed to be personal but brands come and go, while virtues and those willing to sacrifice, even die for them, stand the test of all time:

https://www.youtube.com/watch?v=mqnpH0n2Ko4

https://www.youtube.com/watch?v=wfn_ihlVf9E

Once again, true Alpha’s are easy to spot because they serve others voluntarily without expectation like it’s their second nature while conflicted leaders, leaders that monger for war serve only themselves and are easily seen because they are conflicted and oscillate between beating themselves up and looking for a fight and just when we think we’ve got it all figured out, it can change because people change through learning humility and flip.

Even still, do you seriously think for even one moment that China has a lock on great leadership or the leaders that follow won’t be better or worse than they are now? Have you ignored your own Chinese history?

Haven’t you figured it out yet that compared to eternity, humanity itself is just another brand? Because we are and until the human race learns to lead and follow the virtues that last for eternity, humanity itself won’t be worthy of eternal life and will end up in the dust bin of time and if humanity ever collectively learns peace there are no guarantees, do you follow?

I’m asking you walltiger, don’t muddy this site up with partisan racial conflict more than it already is, you’re not helping. You make arguments with history that is obvious rear view mirror, it’s dated. Do you hear Canada griping about 18th century colonial rule? Well, do you?

Of course, history repeats but think… Rome, Britain, German empires, where are they now and what makes you think the U.S. and China’s future will be more special in time? The same can be said for every brand in existence, again, they change as quickly as the wind that drifts the sands of time.

You say this, “For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one”, while completely ignoring the fact that China has the most populated nation in the world, a world that is by itself overpopulated! Climate change, environmental destruction, it’s all fueled by excess consumption driven by overpopulation, development and guess what, shitty leadership. You made it sound as though China triumphed on population control but the numbers suggest that China is the largest national failure on Earth. You’re moving back to the source, enjoy.

Your assertions on trade are blind to the reality that the prosperity and wealth China enjoys today is entirely possible due to trade with the west. Much of the technological advances China enjoys today didn’t come innovation, it was learned or stolen from foreigners. Why is it so hard to give credit where it’s due?

Sorry to burst your bubble, but while I see the current U.S. trade war with China largely unjustified (explained at length the reason why going on 2 years ago, it’s over Chinese oil imports with Iran conflicting with Trump’s desire to fix world oil prices to further U.S. oil development through corporate big oil profit), to voice misunderstood drivers of Chinese prosperity in a blog like this without push back is naive thinking at best.

Your words wreak of someone who thinks China is so well developed, it has no further need for trade with the west and can expand and develop territories for all future needs “like any other empire” you’re so quick to criticize!

This generalized statement “so many China haters”, you read too much into it. For the large minority of us experienced and educated folk, its just a general distaste in the same old worn out arguments for discrimination, hatred, grudges, division and lies projected by empirical brands the world over, including their wannabe empire brands and shitty leaders and followers in general because we’ve heard and seen the enabler arguments all before.

#181 morrey on 01.14.21 at 11:20 pm

#149 Ponzius Pilatus

you pivot. i read no hate of Chinese.