All about you

Looks like the typical blog dog is a 40ish-something professional earning above-average income who’s pro-vax and upon whom the slimy little pathogen has showered a heap of new net worth. Students don’t come here. Retirees are relatively scarce. And a majority  scurried home when the virus arrived, then made their dogs deliriously happy by staying there.

Blog data is below. So, 5,140 responded since this time yesterday, or about 10% of the usual number of listless, bored, confused people who stumble in here daily looking for a sanitized bathroom. Of course, this is all about comparing yourself to everyone else.

Key findings: few blog dogs were punted from their jobs by the virus and three-quarters suffered no income loss, either. The WFH brigade is huge – well over half of the respondents have been in sweatpants for almost a year now, Zooming their employers and frittering away far too much time on some pathetic blog. Shame on you. Back to work.

A third of those surveyed fessed up to having received money from Mr. Socks, and doubtlessly a bunch of this was in the form of the sweetened child pogey as well as CERB. But the real kicker is what the virus has done to net worth. Up for an astonishing 90% of you. As we’ve been speculating here for a while, the bug has turned the wealth gap into a canyon. Financial markets have soared since vaccines came on the scene and real estate markets everywhere have been insane – fueled by FOMO, nesting, fear of germy cities and dodgy neighbours. Plus, of course, the weird belief that people will never commute back to the workplace allowing them to migrate to the hinterland and wreck real estate there.

Speaking of wealth, most people answering the poll are in professional jobs, and 70% have household incomes between $100,000 and $400,000. Almost 7% make in excess of $400,000, which is nine times the national average. Mostly realtors and embezzlers, likely. A third are in their 30s, and 80% are younger than 60. And check out the vaccine hesitancy, to see if it matches the number of dumbass comments that I’ve had to delete lately.

What does this tell us about the 1% of readers who light up the steerage section on a daily basis, defending MAGA, saying Covid’s just a flu, telling us Trump won the election, Alberta is going to separate, the stock market is a Ponzi scheme, the economy’s collapsing, the future’s dark and cats are okay?

Yup. Ignore ‘em. They only think we care.

158 comments ↓

#1 BlogDog123 on 01.21.21 at 4:22 pm

Hey thanks GT for the survey, it confirms I’m not far from the pack.

Now blogdogs can debate if it’s “fair” for Trudeau & co. to hoover your hard earned money that you’ve been squirrelling away all year in new “wealth gap” taxes.

#2 Ponzius Pilatus on 01.21.21 at 4:24 pm

Interesting survey.
Expected more antivaxers.
Thanks Garth.

#3 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 01.21.21 at 4:25 pm

But everyone cares about the Make Believes :)

53 YEARS OF CONSISTENT PERFORMANCE!

Garth, you don’t need a survey to prove what city in Canada is NUMBER ONE!!

Toronthole is back!

The Make Believes have started a BRAND NEW losing streak, ORANGE CRUSHED by the Oilers!

https://globalnews.ca/news/7588363/edmonton-oilers-road-win-toronto-maple-leafs/

And residents in that dump can now dream of the thrill of being shot every time they drive down the 401 thanks to their Mafia towing industry and its government paisanos!

Woohoo!

https://www.cp24.com/news/tow-truck-drivers-shot-at-in-2-separate-incidents-on-hwy-401-in-toronto-1.5275963

Canada’s most violent shithole of losers is BACK FOR 2021!

WINNING!

#4 IHCTD9 on 01.21.21 at 4:25 pm

Despite all the talk of boomers, it looks like Gen X might be the majority here. Either that or they like to fill out surveys the most.

#5 Ponzius Pilatus on 01.21.21 at 4:28 pm

Woke up this morning.
Felt something was missing.
Put on the TeeVee.
There he was.
Hitting the links.
———
Pathetic attempt at a Limerick, I know.
Maybe some Irish can help out.

#6 Kurt on 01.21.21 at 4:29 pm

To that 8.4%: if you are immunocompromised or severely allergic, please accept my sympathies. The rest of you, well, get ready for immunity passports and similar measures because most of the 75% who answered “yes” are unlikely to tolerate free-riders.

#7 Sail Away on 01.21.21 at 4:29 pm

“Almost 7% make in excess of $400,000, which is nine times the national average. Mostly realtors and embezzlers, likely.”

———-

Likely… although beaver trainers can also do ok

#8 Ponzius Pilatus on 01.21.21 at 4:31 pm

Watching the first WH press conference.
Actually boring, without Trump hanging around.
Truth and Facts are boring.

#9 Toronto_CA on 01.21.21 at 4:33 pm

Jesus, I think other than household income I was in the majority for every answer of the survey. That never happens.

I’m with my people. Is that scary or a good thing?

Yours,
Early 40-something white professional who has worked from home watching his house and stock values increase and will get the vaccine when I can

#10 Linda on 01.21.21 at 4:37 pm

Another great photo – love the dapple grey horse & the dog is a cutie too:)

I think WFH will continue even post pandemic. Maybe not to the level it is now, but I think it will be higher than pre-pandemic levels even once the virus isn’t an ongoing concern. Apparently studies have shown that a habit can be established if repeated for at least 30 days. We are well past 300 days of living under lockdown & WFH, so I’d say a habit has had more than sufficient time to be established.

#11 Peter Courtney on 01.21.21 at 4:40 pm

Geez Garth, if you wanted to know how many retiree’s are here you could have asked. Doubt I’m the only one.

#12 Ponzius Pilatus on 01.21.21 at 4:42 pm

#1 BlogDog123 on 01.21.21 at 4:22 pm
Hey thanks GT for the survey, it confirms I’m not far from the pack.

Now blogdogs can debate if it’s “fair” for Trudeau & co. to hoover your hard earned money that you’ve been squirrelling away all year in new “wealth gap” taxes.
———–
Hard-earned money?
Almost 70% confess to feasting on the public trough.

#13 Catalyst on 01.21.21 at 4:42 pm

As I read this blog where apparently 75% of people make more than 100k/yr, the BNN has in all caps headline “CANDIANS UNDER FINANCIAL DURESS”.

Is this an elite hangout, a liars den, or an accurate picture of the avg. Canadian. The news has been reporting pre-pandemic that Canadians are $250 away from duress and now with record unemployment we are all suddenly awash in cash.

There’s so many mixed messages out there it’s tough to believe what’s true. You might say K shaped recovery but all recoveries are K shaped. Some come out of it stronger and some don’t.

#14 Cliff on 01.21.21 at 4:44 pm

The Survey questions were not relevant to retirees. Need to do another one geared to seniors.

#15 Smartalox on 01.21.21 at 4:44 pm

So… Five Thousand responses to the poll, only 200(ish) comments.
Confirms that the MAGA commentariat are very much in the minority, (<5%) despite their tendency to turn the comments section into their own personal echo chamber.

Maybe more polls like these will help them realize that they should take their pity-party-politics somewhere else.

#16 wallflower on 01.21.21 at 4:46 pm

What is this pic?
Chanel No. 7?

#17 James on 01.21.21 at 4:47 pm

“Almost 7% make in excess of $400,000, which is nine times the national average. Mostly realtors and embezzlers, likely.”

I like to be referred to as a professional liar or professional story teller, AKA a lawyer. Covid-19 has my business here in BC booming like never before. My firm receives between 1500 and 1800 calls a month from people looking for answers as to what their rights are in a divorce or separation. This is yet another stark reminder of the devastation this little germ has had on society at large.

When I look at the financial statements of many of these individuals it is a stark reminder that what you might see on the outside of these relationships – big house, fancy cars, exotic vacations (once upon a time) is all underpinned by epic, and I do mean epic levels of debt. Nominal savings, no investments, no TFSA etc.

Garth’s advice here is prescient and welcome in time when the whole world seems to have gone mad!

#18 Joe Schmoe on 01.21.21 at 4:50 pm

I didn’t do the survey as there were two totally different responses for me as an individual vs my wife and I….was interesting to consider that.

But as a family, net worth up and one of us already vaccinated. And one of us successfully dewormed.

#19 Oakville Rocks! on 01.21.21 at 4:51 pm

Maybe someone can explain this to me.

If almost 75% report no loss of household income, why are almost 68% also reporting that they received government benefit due to COVID?

Is this the reason people are so flush because they are taking benefits they do not need? And will CRA take this money back when taxes are filed later this year?

From my perspective, neither I nor the business I am part of has taken any government assistance. But we have also worked every day in our office in fabulous Burlington (supplying Canadian hospitals with equipment).

Interesting survey Garth, with some head scratching results.

#20 Rosie on 01.21.21 at 4:53 pm

Norther Irish way back when if that counts.

Limerick:

/=hard syllable
^=soft syllable

/^^/^^/^
/^^/^^/^
/^^/^
/^^/^
/^^/^^/^

#21 Brent on 01.21.21 at 4:54 pm

Interesting survey … the only question I would have liked to see tweeted was “did the virus cause you to work from home”. I had to answer “no”, as I worked from home prior to the pandemic, during, and will continue to after it is over.

#22 Felix on 01.21.21 at 4:54 pm

All cats are more than okay.

Saying otherwise is a dogawful, impoochable offence.

#23 Russ on 01.21.21 at 4:55 pm

Ponzius Pilatus on 01.21.21 at 4:42 pm
#1 BlogDog123 on 01.21.21 at 4:22 pm
Hey thanks GT for the survey, it confirms I’m not far from the pack.

Now blogdogs can debate if it’s “fair” for Trudeau & co. to hoover your hard earned money that you’ve been squirrelling away all year in new “wealth gap” taxes.
———–

Hard-earned money?
Almost 70% confess to feasting on the public trough.
================

Am I dyslexic?

I read question #4 response as 70% did not eat at the Gov’t hog trough.

Cheers, R

#24 Dogman01 on 01.21.21 at 4:55 pm

#197 IHCTD9
My advice is to back up the truck while you can, and simultaneously pay as little as possible back into the system for as long as activist style SJW policies are the #1 priority in Ottawa.

——

The Inner Rot of All empires:

“The tipping point is up at the top: do the elites see the empire as a road to personal wealth? When they decide this, they go on an internal looting expedition, cutting their own taxes while increasing taxes on the lower classes. Rome did this, Spain did this and the UK did this. All empires do this.” – Niall Ferguson

What I am seeing now is the general population has little identification with or sense of ownership\Citizenship or confidence in their “Nation”, they too realize get as much as you can.

I think this is a much greater concern as they see the boom in the stock market and the rich getting richer, they realize get as much as you can, vote for who will give you the most….

This is what you expect from people whom live in a legal fiction post-national state that Canada has become….

The Wall Tiger guy demonstrated that orientation, he made it in Canada and now returning to what he senses as Home and where his loyalty lies.

#25 Dave on 01.21.21 at 4:58 pm

#19 Oakville Rocks! on 01.21.21 at 4:51 pm
Maybe someone can explain this to me.

If almost 75% report no loss of household income, why are almost 68% also reporting that they received government benefit due to COVID?

—————–

The provincial government has given me close to a grand to support my school aged kids and their learning from home. It’s not means tested, you apply and you get it.

#26 S.Bby on 01.21.21 at 4:58 pm

Should have also asked how many people deferred their mortgages and if so, out of necessity or not?

#27 FriedEggs on 01.21.21 at 4:59 pm

One day peoples loans will be more than what their house is worth. Wait until the rates go up.

And in the US with Gramma Yellen in the house, the only tools they have is Control-P

Thats ok – Blue Jays signed a player for $150 million to hit a ball with a tree branch and people are excited to watch!

#28 Stone on 01.21.21 at 4:59 pm

For #12 and #19, do you need to put on your glasses? Where do see that 70% of respondents got government pogey when it’s actually not even a third?

A third received it, as stated. – Garth

#29 joekahn on 01.21.21 at 5:01 pm

My answers were no to all questions

#30 Upenuff on 01.21.21 at 5:02 pm

17 James

I like to be referred to as a professional liar or professional story teller, AKA a lawyer. Covid-19 has my business here in BC booming like never before. My firm receives between 1500 and 1800 calls a month from people looking for answers as to what their rights are in a divorce or separation. This is yet another stark reminder of the devastation this little germ has had on society at large.
____________________________________________

Thanks for the info James, yes a lot of 6’s dressed like 10s out there waiting to crumble at any moment…..

Great people on this blog!

#31 robert james on 01.21.21 at 5:06 pm

Here we go again… Anyone believe this ?? CMHC: Home prices could fall 47.9% in worst case scenario without government help https://ca.finance.yahoo.com/news/cmhc-home-prices-could-fall-479-in-worst-case-scenario-without-government-help-185740208.html

#32 Ustabe on 01.21.21 at 5:08 pm

#11 Smartalox on 01.21.21 at 4:44 pm

So… Five Thousand responses to the poll, only 200(ish) comments.
Confirms that the MAGA commentariat are very much in the minority, (<5%) despite their tendency to turn the comments section into their own personal echo chamber.

Maybe more polls like these will help them realize that they should take their pity-party-politics somewhere else.

Yes, very obvious to anyone who has any sort of social life beyond this blog’s comment section.

I’m one of the old retired ones and yet I feel 12 sometimes, the immature response mechanism just drives to the top. Heh.

I will say I sadly watched all those years ago as progressive Canadian conservatism was abandoned in favour of the “new” right. Now I watch the current iteration of the party be moulded into a permanent opposition party, the brain trust seemingly content with first Scheer and now Thumb Boy. Policies that pander instead of propel. Hate barely subsumed. Forget about the Rebel alliance, the Rebel employees I now employ, forget about Derek and his hate…he’s gone and yet we worry more about US politics than what is happening in our own backyards.

#33 Mr. Money Printer on 01.21.21 at 5:11 pm

People that come to this blog obviously make a lot of money. Probably high IQ types that care about their own financial well being and are quite engaged. With 3 kids Trudeau and Ford handed out a lot of cash to me, not means tested at at all. Ford handed out not once but twice $200 each kid..thats $1200 right there..Trudeau did the same with his payment last May. Not only that but he boosted CTB this year and will make another 4 “special payments”

#34 Pete from St. Cesaire on 01.21.21 at 5:15 pm

To those, like the guy here yesterday, who say that Conspiracy Theorists are weak-minded, gullible people with inferiority complexes, I’d like to explain why you’re wrong.

When you’re a baby you simply accept things as being as they are.
When you grow up a bit you realize that your parents control your life, you believe them to be the final authority in your life. At this point, very few kids would realize that their parents aren’t the final authority.

When you become more cognizant of the world you live in you realize that your parents are, to a large extent, simply following the dictates of those higher up; for example making you go to school. You realize that, yes, indeed, there is a group of outsiders that have gotten together, conspired if you will, to control your parents actions from behind the scenes.

As you become a teenager you’ll likely start to realize that something unusual is going on; you notice that laws worldwide have been developing along the same lines and following the same timelines. For example; seatbelt laws, discrimination laws, employment laws, monetary policy, weapons laws, minimum-wage laws, divorce, alimony and child-support laws, etc all seem to have appeared simultaneously throughout most of the world at the same time. You wonder how that could be since every country’s population must have somewhat different values and priorities. It’s then that you start to realize that governments worldwide have colluded, conspired if you will, to ensure that these society-shaping laws got implemented all around the world for some reason.

As you grow up you come to realize that it is impossible to get even 10 people in a room to all agree upon anything, unless they have some underlying reason to at least pretend to be in agreement.

When you reach maturity you start to realize that it would, in fact, have been easier for these laws to have been implemented simultaneously worldwide had there been some governing body which controlled all of the national governments from behind the scenes. Some governing body of conspirators who pulled the strings. After all, over the course of your whole life your parents colluded in your upbringing, the government colluded in controlling what your parents thought, did, and desired, through coercion (taxes, laws) or through the media (behaviour placement as well as perception of reality in the geo-political realm).
Now you come to realize that your national government is also controlled by a higher power that colludes and conspires to shape the whole world as they see fit.

It is not that ‘conspiracy theorists’ have limited intellectual development but rather those who do not come to realize these things that are the ones who have not fully developed intellectually.

#35 yorkville renter on 01.21.21 at 5:16 pm

#13
Is this an elite hangout, a liars den, or an accurate picture of the avg. Canadian

The average Canadian does not read financial blogs (or much else), so that idea gets thrown out…

#36 kc on 01.21.21 at 5:17 pm

30 Upenuff on 01.21.21 at 5:02 pm

Thanks for the info James, yes a lot of 6’s dressed like 10s out there waiting to crumble at any moment…..

XXXX

your numbers are off a small bit

https://www.youtube.com/watch?v=nBrCcYr0y5M

3 dressed up as a 9

#37 Dave Evans on 01.21.21 at 5:22 pm

I am retired the survey questions were not relevant to me.

#38 joekahn on 01.21.21 at 5:23 pm

There could be a massive housing crash this year

#39 Dolce Vita on 01.21.21 at 5:25 pm

Canada.

Still the land of wealth and optimism.

Deus ex machina by the good people of Canada in that poll from what we on occasion read in the Comments.

That reaffirmation, a good thing.

Thank you Garth.

#40 Blair on 01.21.21 at 5:26 pm

I feel such a feeling of relief that Trump is out of office. I wish Joe Biden and Kamala Harris all the best; they are good people.

#41 Basil Exposition on 01.21.21 at 5:26 pm

Thanks for the survey Garth. Not surprised to find myself not so different from the other blog dogs here. I post every once in a blue moon if I feel I can contribute to your topic. Have to admire your tolerance for many of the comments posted daily. There was a day when one could gain some insights on the topic covered, but now I find myself quickly scrolling past many of the usual posters. A good example of the 80/20 rule in society where at least 20 percent of the group is incapable of critical thought, easily fooled, and/or simply crazy. Members of the 20 percent were on full display storming the US Capital building over a week ago hurling themselves in front of guns because they allowed themselves to believe the lies fed to them by both their leader and social media. At least on this blog, some get deleted. Thanks for that.

#42 KLNR on 01.21.21 at 5:26 pm

@#15 Smartalox on 01.21.21 at 4:44 pm
So… Five Thousand responses to the poll, only 200(ish) comments.
Confirms that the MAGA commentariat are very much in the minority, (<5%) despite their tendency to turn the comments section into their own personal echo chamber.–

internet forums have always been the anonymous playground of maga/conspiracy theorists/bigots/racists/complainers.
Better known as the vocal minority.

#43 TurnerNation on 01.21.21 at 5:34 pm

Learn how the game is played lads
This is greatest financial fleecing going on since the 2008 GFC

https://www.theguardian.com/business/2021/jan/19/most-non-food-pubs-england-still-awaiting-1000-covid-grants
Pubs driven to financial ruin by the impact of the pandemic could be bought up on the cheap under plans being drawn up by JD Wetherspoon as well as by a new venture fronted by the former boss of Greene King.

In a statement to investors, Wetherspoon said it was raising up to £93.7m by placing new shares.

It said the money would be used to strengthen a balance sheet damaged by the pandemic and offset the impact of an expected slow start once pubs reopen.

But the 871-strong pub chain said the money would also “facilitate the acquisition of new properties, which are likely to be available at favourable prices, as a result of the pandemic”.

#44 alexinvestor on 01.21.21 at 5:36 pm

No bubble says our top banker. It’s ok if everything in the suburbs is going up.

https://www.bnnbloomberg.ca/bank-of-canada-governor-isn-t-worried-about-a-housing-bubble-1.1551734

#45 Hilroy on 01.21.21 at 5:36 pm

To the Pontificators saying the lock down has had no effect on covid numbers – it’s because we never really locked down! Not last spring , not now. Today’s results reinforce this.

#46 Lolo on 01.21.21 at 5:37 pm

In my situation, Covid just accelerated the WFH. Our employer had been looking for ways to cut costs prior to Covid. One idea was to have back office teams WFH, with hoteling desks for in-office when needed. There was some trepidation to forge ahead, but then Covid came, and now it’s convinced the naysayers that this is the way to go, even after vax. My previous employer ( 10 years ago) had already gone this route of hoteling desks.

#47 Arcticfox on 01.21.21 at 5:42 pm

For what it’s worth!

21’st Century
21’st year
21’st day..

#48 Faron on 01.21.21 at 5:53 pm

#34 Pete from St. Cesaire on 01.21.21 at 5:15 pm

It is not that ‘conspiracy theorists’ have limited intellectual development but rather those who do not come to realize these things that are the ones who have not fully developed intellectually.

I have two rejoinders.

1) The smarter one is, the more likely one is to realize that there are far, far smarter people out there. And, the contrapositive is also true: the dumber one is the more likely one is to think they are the smartest person in the room.

2)Regardless, I see conspiracy theories as fundamentally cynical. And, while I’m not the most positive person out there, I believe in the inherent good of people. I don’t have data on this, but I would venture that the cynical are more likely to die regretful and alone. Because few, if any, will ever truly know if we are all part of some grand conspiracy, or, even more fun part of a simulation, it seems wise to land on the side of positive respect for the goodness and intelligence of those around us.

Oh, and sell your bitcoin. It’s relationship with fiat is taking a bit of a hit today…

#49 Roial1 on 01.21.21 at 5:56 pm

I guess that I may have answered to the question about receiving gov. money wrong as I took no Fed. money but got the 500 B.C. money. (everyone got it out here in Lotus land) Sorry for slewing the numbers.

#50 Cheese on 01.21.21 at 5:56 pm

I make 30k ish a year, I’m here to drag down your averages.

#51 Wrk.dover on 01.21.21 at 5:57 pm

From dog blog to beaver blog overnight!

That thing is going to be symbiotic with the culvert it plugged on the neighbors road thus flooding one low acre of mine at that spot, but not at all with me.

I live a kilometer out near the pavement of course, so I expect we will never meet. Apparently my new pond is an adjunct to something major going on, several properties over.

But in all truth, that beaver has more genetic connection to that swamp over millennia than I have to this great country at all.

#52 Sail Away on 01.21.21 at 5:59 pm

“Almost 7% make in excess of $400,000, which is nine times the national average. Mostly realtors and embezzlers, likely.”

————–

A good friends owns one of the main realtor firms in Squamish. $400k isn’t even in the ballpark. Total insanity.

#53 Dolce Vita on 01.21.21 at 6:10 pm

Living in Italia you don’t have things like Winter, or lots of Rain, or Governor Generals…

Oh look, Canada doesn’t the latter either.

About 1 hr ago.

“Full text of Governor General Julie Payette’s resignation statement and apology”

https://nationalpost.com/news/politics/full-text-of-governor-general-julie-payettes-resignation-statement-and-apology

Well, THAT came out of nowhere.

#54 Cici on 01.21.21 at 6:10 pm

@ #10 Linda

Not in my field. My bosses have made it perfectly clear that we will need to be back in the office as soon as the get-go is given. I think at best we may be given the opportunity to work a couple days per week at home, if not only to ensure that things are operational in the event of another pandemic or kind of crisis.

I think for management types, WFH really is a dreadful scenario. Too many things are too hard to control via Zoom or Teams, and it’s not possible to achieve any kind of kinetic Team energy.

That said, I quite like working from home. But most of my coworkers really want to get back in the office. Majority rules, so I’ll be following the rest of the herd.

#55 Northshore guy on 01.21.21 at 6:12 pm

31 robert james on 01.21.21 at 5:06 pm
Here we go again… Anyone believe this ?? CMHC: Home prices could fall 47.9% in worst case scenario without government help https://ca.finance.yahoo.com/news/cmhc-home-prices-could-fall-479-in-worst-case-scenario-without-government-help-185740208.html

——————

They probably don’t believe it either. It is laughable our tax money is used to pay this people to write such stuff. CMHC and BoC are both trying to support high prices with their policies and then they try to scare people with such articles. Why don’t they just accept they are no better than mortgage brokers, both wants you to buy the damn house

#56 Penny Henny on 01.21.21 at 6:16 pm

Retirees aren’t scarce here, it’s just that the questionnaire did not provide suitable options for the questions asked.

#57 alf on 01.21.21 at 6:17 pm

#48 Faron on 01.21.21 at 5:53 pm

My observation has been that people who are extremely competent in one, or even a couple of areas, often allow their success to fuel their ego to such a degree that they eventually believe that they are experts in all areas.
These individuals then develop an extremely rigid/inflexible world view that can not be challenged or changed.

#58 Rachel on 01.21.21 at 6:19 pm

Our income hasn’t been impacted by Covid. Neither of us lost our jobs or accessed CERB.

The reason I put accessed funds on the survey is the BC government just gave out the BC Recovery Benefit. Even though my husband and I make a decent income we were still entitled to a pro-rated amount.

#59 Penny Henny on 01.21.21 at 6:20 pm

Net worth up?
#1 reason. Home values UP!

#60 the Jaguar on 01.21.21 at 6:20 pm

That horse’s ears are straight up. The dog looks too much like a wolf. Wolf in dogs clothing. I’ve known a few.

It’s not the income level. It’s the debt level. Never think otherwise. People brag about one but never the other, and what’s really going on in some people’s lives would scare the spots off a leopard.

#61 Nonplused on 01.21.21 at 6:24 pm

#13 Catalyst on 01.21.21 at 4:42 pm

“Is this an elite hangout, a liars den, or an accurate picture of the avg. Canadian. The news has been reporting pre-pandemic that Canadians are $250 away from duress and now with record unemployment we are all suddenly awash in cash.”

———————————

I’ve always assumed based on my own personal experience that the readers of this blog were mostly upper middle class with some money to invest. When I was “less than 30” I had no money and would be more inclined to read about motorcycles and skiing, not B&D portfolios. Then in my mid-30’s some money started rolling in so I figured I better learn something about it. I stumbled upon a copy of “Greater Fool” in a bookstore one day and figured “what the heck” and now here I am.

Unfortunately I think Garth underestimated the supply of greater fools that there is when he wrote that book.

I also have a signed copy of “Money Road”. I’m hoping the signature will one day make it worth thousands.

#62 Sail Away on 01.21.21 at 6:36 pm

#48 Faron on 01.21.21 at 5:53 pm

…the dumber one is the more likely one is to think they are the smartest person in the room.

Oh, and sell your bitcoin. It’s relationship with fiat is taking a bit of a hit today…

———-

I seem to recall you advising someone here to take TSLA profits just at the beginning of its meteoric, explosive, historic rocket ride to the moon.

hmmm… dumb think smart? learn never, perhaps?

#63 Penny Henny on 01.21.21 at 6:42 pm

#27 FriedEggs on 01.21.21 at 4:59 pm

Thats ok – Blue Jays signed a player for $150 million to hit a ball with a tree branch and people are excited to watch!

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

That sounds like something Ponzie would say

#64 mark on 01.21.21 at 6:47 pm

So 8% of Canadians polled will not take the vaccine so that computes to about 2.5 million if my math is correct and that number goes up if some of the people who are undecided vote no for vaccine we have a serious problem

#65 KLNR on 01.21.21 at 6:53 pm

@#55 Northshore guy on 01.21.21 at 6:12 pm
31 robert james on 01.21.21 at 5:06 pm
Here we go again… Anyone believe this ?? CMHC: Home prices could fall 47.9% in worst case scenario without government help https://ca.finance.yahoo.com/news/cmhc-home-prices-could-fall-479-in-worst-case-scenario-without-government-help-185740208.html

——————

They probably don’t believe it either. It is laughable our tax money is used to pay this people to write such stuff. CMHC and BoC are both trying to support high prices with their policies and then they try to scare people with such articles. Why don’t they just accept they are no better than mortgage brokers, both wants you to buy the damn house

looks like they’re joining the COVID pumpers with their worst case scenario prognostications.

#66 Stoph on 01.21.21 at 6:56 pm

#48 Faron on 01.21.21 at 5:53 pm

Because few, if any, will ever truly know if we are all part of some grand conspiracy, or, even more fun part of a simulation, it seems wise to land on the side of positive respect for the goodness and intelligence of those around us.

—————————————————————–

I like it. A modern take on Pascal’s wager.

#67 KNOW IT ALL on 01.21.21 at 6:59 pm

Well looks like I am above average in this joint

So i’ll just keep on cluckin away.

#68 Pete on 01.21.21 at 6:59 pm

Quite the cross section here: under 1% of Canadians have actually had the covid vaccine, yet over 2% of respondants state they’ve had it. This data is not an accurate representation of what’s happening in Canada. The vaccine has hit 1st responders and politicians, which leads us to believe there’s a lot of politicians on this blog lol. The latest forecast from financial experts have downgraded Canada’s recovery for 2021 as of Tuesday this week. Additionall, vaccine delays and escalating infections have prolonged recovery. I think we’re in for a rough ride still. Nobody can predict what will happen yet next. Just hope the South African strain doesn’t spread.

#69 Squire on 01.21.21 at 7:00 pm

#43 TurnerNation on 01.21.21 at 5:34 pm
————————————————–

The big players will survive. Imagine all the small businesses with loans outstanding during normal times. When covid hit they likely went bankrupt. It will take a while before many small businesses reopen. In the meantime the big players will buy up everything on the cheap.
The new world. Where corporations run our lives.
Think Star Trek
https://www.youtube.com/watch?v=rtEaR1JU-ps

#70 crowdedelevatorfartz on 01.21.21 at 7:06 pm

@#53 Dolce Vita
“Well, THAT came out of nowhere.”

++++

Trudeau , removing the dirty laundry before the election.
Julie has pooched herself for a juicy Senate seat.

#71 Tron Light on 01.21.21 at 7:09 pm

Lot’s of “rich” people on this blog, well according to the definition by the federal government…

But in other news…according to the Canadian Federation of Independent Business, 1 in 6 small business owners are considering pulling the plug on their businesses putting 2.4 million jobs at risk. So all those rich people on this blog can feel good about themselves and about how lucky they are.

https://financialpost.com/entrepreneur/one-in-six-small-business-owners-considering-closing-permanently-cfib-report-finds

#72 The West on 01.21.21 at 7:14 pm

You’re an interesting guy and the comments section is not always agreeable but, mostly civil and everyone on here has good points to make. (I’m sure regulating it gets tiresome but it is a social good).

Must have been interesting for you to see who the readership is as well. Being younger than the average age makes me feel like I’m less behind the steerage than I thought.

Thanks for the tick of inspiration. :)

#73 Message to Bozo on 01.21.21 at 7:29 pm

To Nostradamus known as Bozo.

Those who live by the crystal ball will eat shattered glass.

Peace all.

#74 Faron on 01.21.21 at 7:34 pm

#62 Sail Away on 01.21.21 at 6:36 pm

#48 Faron on 01.21.21 at 5:53 pm

Never dumb to recommend someone take huge profits from a position in a bubbleicious crapco caught in the eye of a US Fed and stimulus fuelled retail option mania run by a guy who thinks tunnels under Miami are a good idea and who lures bros to his cars by wrapping a tiger tail in some plastic while outting cars on the road that lose their roofs at highway speeds. But, if you believe in TSLA so hard, maybe sell some OTM puts to goofs like me. Free money amirite?

Now that Trump and Bitcoin are kaput, lets watch the teslaratti froth all the harder.

Cheers!

#75 bob dog on 01.21.21 at 7:48 pm

So Klueless Klown Kenny wants to impose sanction over trying to save the environment. He’s the Canadian Ted Cruze.

People in Albert should read about Statoil and try to comprehend how badly they have been screwed by their own incompetent leaders.

LeRn to KoDe Kenny. The futures digital powered by wind, solar and hydro

#76 Nonplused on 01.21.21 at 7:54 pm

#62 Sail Away on 01.21.21 at 6:36 pm
#48 Faron on 01.21.21 at 5:53 pm

…the dumber one is the more likely one is to think they are the smartest person in the room.

Oh, and sell your bitcoin. It’s relationship with fiat is taking a bit of a hit today…

———-

I seem to recall you advising someone here to take TSLA profits just at the beginning of its meteoric, explosive, historic rocket ride to the moon.

hmmm… dumb think smart? learn never, perhaps?

—————————————

Not that I like to defend Faron, but he has a point worth considering here. Doug Casey made himself and his subscribers a fortune by calling Bre-X early. Even before people started jumping out of helicopters.

It is always nice to ride a bubble, but you can’t go broke taking a profit so reallocate your B&D. Don’t allow over-weights, even if they were a gift. If you insist on being 5% long Tesla keep it at 5%. And remember, it is always best to panic early and avoid the rush.

When Doug Casey told his followers to buy Bre-X nobody knew it was a fraud. He waited way to long to acknowledge it was a fraud but his followers got out with huge gains. However, even if you weren’t a subscriber, if you’d just rebalanced every 6 months and not caught the falling knife you would have lost no money of your own.

That is one of the advantages of the B&D. It forces you to take profits even if one of your holdings is bubbly.

#77 Sail Away on 01.21.21 at 7:54 pm

#74 Faron on 01.21.21 at 7:34 pm

Never dumb to recommend someone take huge profits from a position in a bubbleicious…

——-

Sigh. Luckily, I didn’t think you were competent to be giving advice, so completely ignored it.

The problem, my friend, is dispensing horrible advice to people who might think you are competent and proceed to act on it.

My advice? Be careful about giving advice. Your credentials might blind some.

#78 heloguy on 01.21.21 at 7:55 pm

Cliff on 01.21.21 at 4:44 pm
The Survey questions were not relevant to retirees. Need to do another one geared to seniors.

Not all retirees are seniors. Retired at 50. Still a decade til 65. It can be done successfully with a little planning and good luck.

#79 Pete from St. Cesaire on 01.21.21 at 7:59 pm

#48 Faron on 01.21.21 at 5:53 pm
Because few, if any, will ever truly know if we are all part of some grand conspiracy, or, even more fun part of a simulation, it seems wise to land on the side of positive respect for the goodness and intelligence of those around us.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Yes, indeed. But not to be forgotten, unless one believes in there being a total lack of evil and ruthlessness in this world, is that “those around us” aren’t the same people who comprise the global ruling elite.

#80 Jay on 01.21.21 at 8:00 pm

Wife and kids convinced me to get a cat over the summer of Covid. They said it would help their mental health and that were stuck at home all the time so would play with it. I just wasn’t ready for the committment of a dog so I agreed.

What a useless creature. All she has done is scratch up all the furniture and everything else it touches. Sleeps all day and runs around tipping things over at night.

Always listen to Garth. Cats are definitely not okay.

#81 Diggs on 01.21.21 at 8:03 pm

Always fun to review these surveys and learn a bit more about the folks that enjoy this site.

After reviewing the information it supports what I have heard from some others throughout my life – I’m about average.

It’s not the size of your income, it’s what you do with it.

#82 Nonplused on 01.21.21 at 8:06 pm

#71 Tron Light on 01.21.21 at 7:09 pm
Lot’s of “rich” people on this blog, well according to the definition by the federal government…

But in other news…according to the Canadian Federation of Independent Business, 1 in 6 small business owners are considering pulling the plug on their businesses putting 2.4 million jobs at risk. So all those rich people on this blog can feel good about themselves and about how lucky they are.

———————————-

Um, those “rich” people on this blog are the ones providing those 2.4 million jobs. Trust me they don’t want to lay anyone off if they can avoid it.

See, the whole point of hiring someone is that maybe you have to pay them $30/hour to run around fixing furnaces, but after taxes, expenses, overhead, etc., maybe you get $5 for yourself charging $135/hour. Nobody wants to lay that employee off. They want to figure out how to get more of them.

Let’s look at Garth’s “Bellfountain” (I hope I got that right) ice cream and soda store. Do you think Garth wanted to lay all those employees off? Who would serve the ice cream? Sweep the floor? Disinfect the bathroom? No, what he wanted to do was see how many paying customers he could force through the door while still covering expenses. That takes employees. But unfortunately if the customer doesn’t have the money to buy ice cream you have to shut down.

#83 Sail Away on 01.21.21 at 8:17 pm

#76 Nonplused on 01.21.21 at 7:54 pm

Not that I like to defend Faron…

———–

Then don’t. None of the conditions you list applied.

In my line of work, and probably yours, advice is only given if the person advising has deep understanding, knowledge and experience. This was not the case. Bad advice can be far more damaging than sweet silence.

As Charlie Munger says, ‘It’s bad to have an opinion you’re proud of if you can’t state the
arguments for the other side better than your opponents’

#84 Neonelements on 01.21.21 at 8:24 pm

I am mostly average in the survey. ( 40-ish, under 100k, still working, want to be vaccinated)

Most financial articles on this topic talk about the thriving WFH group and the struggling service worker group but seem to ignore the essential worker group.

What about the hospital staff, delivery people, warehouse workers etc. that never lost their job but could never work from home? The ones in-between the two extremes everyone focuses on?

I work in food manufacturing. I ended up working a lot of overtime due to higher demand, boosting my income. Other than the masking my life isn’t that different than before.

While I do go out less often due to lockdowns I still have to go to work and deal with co-workers in person so I am not feeling the isolation most others are experiencing. I would assume this is true for all other essential workers (except hospital/medical staff, nothing about this pandemic is normal for them). In fact I’d say my major source of stress is overwork due to rising demand and staff shortages.

Any other essential workers here? What are your experiences? It would be good to hear how those who fall in the middle are doing.

#85 Homebody on 01.21.21 at 8:25 pm

I’m upper-mid-pack too. Although I’ve been working from home for over 8 years now. Happy to shed light on long-term WFH happiness for both employer and employee for a healthy fee ;)

#86 Prussian blue on 01.21.21 at 8:28 pm

Thank you for the blog Mr. GT. Good insights and good learning; even from the comments section (sometimes).

This blog attracts a skewed population: peoplekind who read and are interested in learning personal finance; hence the higher income and net worth.

There can be contradictions in the survey. I am an example.
medical professional, 40s.

Initially with covid, hospital procedures slowed; therefore income went down. Had government support.

When hospital restarted medical procedures, income returned to normal.

No travelling, so did not take as much time off, so income more than before.

Fully invested and own primary residence; so net worth increased.

Let’s all try to be nice and less snarky….we can all learn from each other; even the wacky ideas presented. At least it can be entertaining

#87 Job#1 on 01.21.21 at 8:30 pm

Here is a graph of results from a survey/poll on exactly our topic du jour, -stumbled onto it by accident.

https://twitter.com/PhilWMagness/status/1352298738514059265/photo/1

#88 Mid on 01.21.21 at 8:34 pm

“most people answering the poll are in professional jobs, and 70% have household incomes between $100,000 and $400,000. “

You wouldn’t know it from the comments section!

#89 Job#1 on 01.21.21 at 8:35 pm

#45 Hilroy

Morale hasn’t improved because we weren’t flogged hard enough.

#90 Faron on 01.21.21 at 8:43 pm

#77 Sail Away on 01.21.21 at 7:54 pm

#74 Faron on 01.21.21 at 7:34 pm

And your financial credentials are…? Anyone dumb enough to take financial advice from rando strangers on the internet without DTODD deserves what they have coming. I spew what I spew here hoping for informative or constructive counters and have received them from a few people. Notably not you.

An example: this weekend I replied to Ryan L’s post asking what his thesis on small caps is and noting that I had read that small caps were over-bought and that I was short Russel 2000 in my fun money. He could have just said I’m dumb, but instead he countered that he sees a lot of upside to the class despite current overbought conditions and recommended I close the position when it shows weakness. That was a helpful interaction. I’ve received similar from SoggyShorts and another user whose name I can’t recall when I was yammering about volatility and tail risk hedging.

I also recall you yammering on about how this virus is NBD and continuing at work, shaking hands with clients, getting down to business etc. Your credentials for that nonsense?

#91 kommykim on 01.21.21 at 8:48 pm

RE: #19 Oakville Rocks! on 01.21.21 at 4:51 pm
Maybe someone can explain this to me.
If almost 75% report no loss of household income, why are almost 68% also reporting that they received government benefit due to COVID?

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

Well in my case, I live in BC and was eligible for $1000 because my family income was under $125K. Even families earning up to $175K qualify for a reduced benefit!
I think it’s ridiculously generous, but am not one to look a gift horse in the mouth.

https://www2.gov.bc.ca/gov/content/economic-recovery/recovery-benefit

#92 Tron Light on 01.21.21 at 8:49 pm

#82 Nonplused on 01.21.21 at 8:06 pm

Well, 52% identified themselves on the survey as ‘professional’ and next down the list was ‘other.’ I am one of the others but not a business owner. Are professionals business owners? I’m not sure. Are the others business owners? There was no selection specifically for ‘business owner.’

The problem that the CFIB points out is that these businesses have been closed due to the actions the government took in response to the pandemic. The furnace example is a bad one because they have not been affected by the government restrictions, however, the closing of Garth’s store is a good one because it has been affected by the restrictions. It currently doesn’t matter what Garth tries to bring people through the doors because those doors cannot be open. He could have a thousand people waiting outside freezing their nads off but he can’t serve them. And because he hasn’t been able to serve them for months, he could be in danger of closing his business because he can’t keep up the other payments. Further, in Garth’s case, it’s not because people don’t have the money to buy his ice cream, it’s because he’s been mandated to close.

#93 Faron on 01.21.21 at 8:55 pm

#75 bob dog on 01.21.21 at 7:48 pm

+1. Partly because I agree and partly because I know it annoys nonplused. Just kidding nonplused. Thanks for taking my side against dances with TSLA.

#94 Dr V on 01.21.21 at 8:59 pm

49 Roial

“but got the 500 B.C. money. (everyone got it out here
in Lotus land)”

No. not everyone.

#95 Mickey on 01.21.21 at 9:04 pm

#75 bob dog on 01.21.21 at 7:48 pm
So Klueless Klown Kenny wants to impose sanction over trying to save the environment. He’s the Canadian Ted Cruze.
People in Albert should read about Statoil and try to comprehend how badly they have been screwed by their own incompetent leaders.
LeRn to KoDe Kenny. The futures digital powered by wind, solar and hydro

————————–

“Trying to save the environment” – you mean continue to import heavy oil shipped long distance in bunker fuel powered tankers from Venezuela, Saudi Arabia and Nigeria or in tippy railcars far more likely to derail and pollute than through evil pipelines?
Oh and if you’re a KoDer please make sure you don’t own any computers, tablets and smartphones derived from hydrocarbons or cover your head with asphalt shingles or drive on roads that are tarred. Oil bad.
Hypocrite much?

#96 TurnerNation on 01.21.21 at 9:07 pm

The purges of leaders continues in Kanada. How many elected reps, heads of orgs have been purged so far this January? 15 maybe across the country? Over travel, donations we are told.
Now, the governor General. This is unprecidented.
Could it be they are not going along with the New System plan? If not show me another time we had these purges. Never.

Ex mayor of Toronto Rob Ford was know for smashed binges – no he never was forced out of a job. We would have been. Someone pointed out that a Ford has held office in Ontariowe for 25 years now? Yes, Sr. since 1995.
https://en.wikipedia.org/wiki/Doug_Ford_Sr.

A political dy-nasty.

……..

The one thing with which we are being held hostage now, is ‘hospital capacity. In the past year the globalist junta running our lands has spent and printed more money than they can count. For this, we have to show what?
But FOLKS the hospital space…always the hospital space. Nothing will change this year, next year.

https://nationalpost.com/news/canada/ontario-wrestles-with-who-gets-icu-treatment-in-event-hospitals-overwhelmed-with-covid-patients

This says it best. THIS is the New System – everything designed to protect you had been turned against you.
The world is at war. We are its targets.

https://old.reddit.com/r/NoNewNormal/comments/l2c9it/you_are_being_prepared_for_rationing/

“Notice the emphasis on lockdowns – that randomly change, and the inability to predict from week to week what businesses will be open? Notice the ridiculous store occupancy limits which reduce throughput and cause lineups – rain or snow, day or night, freezing cold or blazing hot? How about the arbitrary taping off of “non-essential” items, according to some government bureaucrat’s whim?

You are being conditioned to accept a society where abundance, convenience, and predictability are a thing of the past – unless you belong to the elites. Just like Mother Russia”

#97 Larry App on 01.21.21 at 9:07 pm

Cats are awesome !

#98 Sail Away on 01.21.21 at 9:14 pm

#90 Faron on 01.21.21 at 8:43 pm
#77 Sail Away on 01.21.21 at 7:54 pm

#74 Faron on 01.21.21 at 7:34 pm

And your financial credentials are…?

I also recall you yammering on about how this virus is NBD

———-

You bet, I will indeed give opinions. Not advice.

Except about engineering. For big bucks.

#99 Faron on 01.21.21 at 9:23 pm

#187 Sail Away on 01.21.21 at 9:29 am

#172 cacahuate on 01.21.21 at 3:20 am
#64 sail away

what is your prediction on Blackberry? I purchased it some time ago and finally broke even. Buy more or sell soon? Thanks

————-

I like Blackberry for these reasons

6) r/wallstreetbets will go hard on the week expiring near the money calls and force gamma squeezes that reflect absolutely nothing about the company’s fundamentals. 3 weeks later their attention will drift away and BB will fade back to oblivion.

#100 Dr V on 01.21.21 at 9:26 pm

SA, Faron and Nonplused are having a 3 way. Didn’t know it was that kinda blog. I’ll jump in to make it real orgy.

I’d be taking at least some profit along the way too sail.

My reason is this:

1) Bulls make money
2) Bears make money
3) Pigs get slaughtered

One of my clients (building contractor) was selling houses like crazy in a hot market but not increasing prices. I asked him why. He asked if I was happy with what I was charging. I told him yes. He said he was still making money and “Raising prices would be
greedy”.

Some thought he was just being a swell guy, but I figured out what he meant.

#101 Tim Horton on 01.21.21 at 9:31 pm

@67 “Well looks like I am above average in this joint“

Yes, you are special too, and have better than any other Dog in the last four years. Now scuttle off to Florida Marshes. Please.

#102 Faron on 01.21.21 at 9:53 pm

#79 Pete from St. Cesaire on 01.21.21 at 7:59 pm

#48 Faron on 01.21.21 at 5:53 pm

I agree that there is a class with a lot more power than the rest of us, but I refuse to believe that there’s isn’t ample opportunity for people like me, thus wasting time thinking everything is a conspiracy aimed at keeping me “down” just isn’t helpful. My post yesterday was a bit doe-eyed and idealistic following the inauguration, but I am generally optimistic.

#103 Comments! on 01.21.21 at 10:00 pm

#6 Kurt on 01.21.21 at 4:29 pm
To that 8.4%: if you are immunocompromised or severely allergic, please accept my sympathies. The rest of you, well, get ready for immunity passports and similar measures because most of the 75% who answered “yes” are unlikely to tolerate free-riders.

——————————————

Easy tiger. I answered yes also but you and I will not be immune or any less contagious after the jab. We “may” get less sick if/when infected which “potentially” helps out our hospitals. Perhaps accelerates herd immunity…well that’s the plan anyway.

#104 Faron on 01.21.21 at 10:00 pm

#100 Dr V on 01.21.21 at 9:26 pm

SA, Faron and Nonplused are having a 3 way. Didn’t know it was that kinda blog. I’ll jump in to make it real orgy.

Can we at least invite Sara and maybe The Jaguar in here if it’s going to be that kind of party?

#105 Sail Away on 01.21.21 at 10:04 pm

#99 Faron on 01.21.21 at 9:23 pm
#187 Sail Away on 01.21.21 at 9:29 am

I like Blackberry for these reasons

———–

6) r/wallstreetbets will go hard on the week expiring near the money calls and force gamma squeezes that reflect absolutely nothing about the company’s fundamentals. 3 weeks later their attention will drift away and BB will fade back to oblivion

———–

Not my expectation since fundamentals have improved greatly, but I don’t daytrade and rarely swing trade. Let’s revisit in a year.

#106 Faron on 01.21.21 at 10:25 pm

BBers, know thy cohort:

https://www.reddit.com/r/wallstreetbets/comments/l2477b/hold_strong_and_see_you_on_the_moon_bb_gang/

I was wrong, they are actively trying to short squeeze BB and GME not gamma squeeze. Haven’t looked at the options activity, but it wouldn’t surprise me if it’s bonkers too.

#107 Chuglub on 01.21.21 at 10:50 pm

James 19. My experience is/was the same more or less. I had many a “multi-millionaire” self styled entrepreneurs walk into my office full of themselves and clueless that I had instant access to their credit history. Vast majority became rich when mom/grandma died. They tore through that speculating based on a hitherto undiscovered financial acumen and now needed me to loan them money because divorce had torn them a new arsehole.

99% of the glory-fish walking around are so far in debt they drink themselves to sleep every night. Assets are only assets if you can fold ‘em and stick ‘em in your wallet. Cash is always king.

An “embezzler” ? I started out trading stocks on a hall phone at UNI between classes that taught me to read a balance sheet. I ended with in silk suits and an ivory tower office with the other smart people who worked for it.

#108 The Woosh on 01.21.21 at 10:53 pm

#100 Dr V on 01.21.21 at 9:26 pm
SA, Faron and Nonplused are having a 3 way. Didn’t know it was that kinda blog. I’ll jump in to make it real orgy.

I’d be taking at least some profit along the way too sail.

My reason is this:

1) Bulls make money
2) Bears make money
3) Pigs get slaughtered

One of my clients (building contractor) was selling houses like crazy in a hot market but not increasing prices. I asked him why. He asked if I was happy with what I was charging. I told him yes. He said he was still making money and “Raising prices would be
greedy”.

Some thought he was just being a swell guy, but I figured out what he meant.

——————————————

Very wise. Always leave some money on the table. That mantra made my wealth. Greed is good until it’s bad!

#109 kc on 01.22.21 at 12:15 am

88 Mid on 01.21.21 at 8:34 pm

“most people answering the poll are in professional jobs, and 70% have household incomes between $100,000 and $400,000. “

You wouldn’t know it from the comments section!

XXXXXXXXXXXX

simple really … anyone making over 100K doesn’t have time to read this drivel, nor would they get involved with petty arguments when what ever is said here wouldn’t matter to them anyway.

#110 joekahn on 01.22.21 at 12:47 am

I am starting to think the real estate market will tank in 2022 instead of this year.

#111 NSNG on 01.22.21 at 1:29 am

So if 91% of the people are willing to or may be willing to take the vax, then you shouldn’t need to force cram it down the throats of the rest of us since herd immunity would be easy to achieve.

…assuming we aren’t being lied to.

You have a moral obligation to get the shot. Do not be a wimp or a coward. – Garth

#112 westcdn on 01.22.21 at 2:05 am

Albertan Opinion:

Kenney is proving himself to be a career bureaucrat – steal the credit and share the blame behavior. I am disappointed he thinks like a manager rather than a leader – nothing wrong with a good manager in the right place.

#113 Shirl Clarts on 01.22.21 at 2:48 am

Regarding Payette, she never wanted the job, knew she’d get it because of her space credentials, hired a long time close, unqualified friend (di Lorenzo) to ‘work’ by her side, did nothing of importance, abused the staff daily, stayed long enough for her (and her friend) to get the fat, $143,242, annual pension (plus an additional $100k for arising expenses related to being a former GG, which I’m sure she will expense every penny of it.)… for life.

If she lives another 30 years (conservative est.) that amounts to $7,297,260. Not Indexed.

Not bad for doing nothing. Mission accomplished.

Also, divorced her 2nd husband in 2015. He won’t see a penny. Coincidence?

Trudeau, you may have deserved that, but we the taxpayers did not. I guess add it to the pile, and it’ll balance itself.

#114 Keen Reader on 01.22.21 at 7:21 am

No one punted in my dept, although some haven’t flown for nearly a year now. Things definitely looking up, with the parent company’s stock up 50% recently, and resuming our business growth, albeit slower. We’re now hiring and training new pilots, and I’m looking forward to flying multiple times next week. Gotta dodge CV though, no vax-mandating anticipated. We’ll see!

#115 Wrk.dover on 01.22.21 at 7:25 am

#180 IHCTD9 on 01.21.21 at 9:01 am

———————————————–

I get more heat from the 12′ of exposed chimney above the thimble in the core of my house than the wood stove it’s self. Consider this in your calculations.

A wood burner must have a CSA UL sticker to get house insurance if it goes indoors.

#116 the Jaguar on 01.22.21 at 8:11 am

Whew! Post #104 is a little creepy. Seriously,..Jaguar is not qualified to offer opinions on investing. Despite pretty good results with my own ‘portfolio’, any request to review or discuss it is akin to seeing my dentist’s phone number come up on call display. If I did have such sparkling interest I might also be reminded that the host of this blog has repeatedly advised against picking individual stocks. Don’t piss on his rug as LBJ once said.

But here’s an interesting little gem. A blow to ‘Cancel Culture” in the morning newspaper.
”OFFICER’S REFUSAL TO KILL BEAR CUBS WON’T END IN JOB LOSS
National Post (Latest Edition)22 Jan 2021

The Supreme Court of Canada will not review a lower-court ruling that was a victory for a conservation officer who refused to euthanize two bear cubs. Bryce Casavant was dismissed from his job for choosing not to shoot the cubs in 2015 after their mother was destroyed for repeatedly raiding a home near Port Hardy on Vancouver Island. Casavant’s union filed a grievance on his behalf under its collective agreement, but he reached a settlement with his employer before arbitration was completed. Casavant later argued in court that disciplinary actions should have taken place in accordance with British Columbia’s Police Act, given the nature of his employment. The B.C. Court of Appeal accepted this view last June and nixed Casavant’s firing.’

#117 maxx on 01.22.21 at 8:22 am

@ #13

Not much has changed since pre-pandemic times. The debt landscape is still a dangerous mess:

– people are even more pickled in re than before;
– the benefits people have received are being saved but probably short term: that does not make them rich, not by a long shot;
– when those savings are deployed once businesses reopen there will be some kind of spike in the economy but it won’t, in all likelihood transform it in any meaningful way;
– some of these benefits are being used to pay off debt but a lot is directed towards buying pot, recreational stuff, meal delivery and shop-at-home junk generally;
– a relatively small number of (smart) people have leveraged some benefits in market areas that have exploded and have done well – question is, how many of them will preserve their gains and grow them long term?

Don’t be confused, human nature still and always will spew out pretty well the same array of financial behaviour stats it always has.

The main difference is that there has never been a better time (since the late eighties) for those who truly want to become wealthy to do so and the wealth gap yawns ever wider because a fairly tiny minority are very astute in riding trends.
More importantly, most people are re rich and cash poor, what used to be a solid and substantial middle class with decent retirement prospects has eroded to dangerously low levels, pushing many into the have-not class and this is the worst part of society’s problem going forward.

The blog survey does not represent what’s at large. Benefits have helped, but they won’t restore fiscal health and the widespread optimism that used to be a wonderful part of our life’s fabric.

#118 BillyBob on 01.22.21 at 8:36 am

What happened to comment number limits? A certain Victorian seems to be confusing quantity with quality.
Good workout for the scroll finger, but not exactly helping to dispel the perception of WFH’ers being wage- thieving wastrels.

SailAway, even it escaped a couple others, I got your point that it isn’t specifically about TSLA, it’s about credibility. But don’t waste your time, there was never anything credible to begin with.

Meanwhile, a more optimistic take on the aviation sector. It does match the things I hear from my own network of industry followers, a massive amount of jockeying everywhere I look. And aircraft lessors are well-placed to be bellwethers.

https://www.independent.ie/business/irish/avolon-predicts-more-airline-startups-than-failures-in-2021-39988196.html

Some big opportunities in Canada for upstarts. Already some rumblings of movement afoot in the ULCC sector. Going to be harder for AC and WS to stamp them out this time with predatory fare-matching when they’re weakened themselves…

Ahhh..what exciting times we live in. So much opportunity!

#119 BillyBob on 01.22.21 at 8:41 am

#108 The Woosh on 01.21.21 at 10:53 pm
#100 Dr V on 01.21.21 at 9:26 pm
SA, Faron and Nonplused are having a 3 way. Didn’t know it was that kinda blog. I’ll jump in to make it real orgy.

I’d be taking at least some profit along the way too sail.

My reason is this:

1) Bulls make money
2) Bears make money
3) Pigs get slaughtered

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

If only there were an existing idiom to summarize your whole post.

Oh wait, there is.

“Pigs get fat, hogs get slaughtered.”

Bonus point: isn’t limited to investing.

#120 Jean-Luc on 01.22.21 at 8:49 am

#53

Memorable moments at Rideau Hall:
https://www.cbc.ca/news/politics/rideau-hall-special-advisor-governor-general-julie-payette-1.5664396

#121 Jenn on 01.22.21 at 9:05 am

Thanks Garth, interesting survey. There wasn’t an option for ‘Worked 100% from home prior to Covid’ so I had to check the other option. Being in high tech I’m very lucky to have a permanent work from my home office role. Before Covid, however, I would travel 10+ times a year to the US for business so that has been a very nice side effect to the pandemic. Doesn’t look like we are going to be travelling anytime soon. Our Executive Team just announced offices are closed now across the world until at least June 30th, but they also said that they feel that while many would like to stay working from home after the offices open, the Exec Committee wants those who used to be office designated to return. We are a 12,000+ employee software company and they were preparing those that want to stay home that they feel that we need the harmony, synergy, collaboration and ‘fun’ that working together in an office brings. It was a clear statement to not expect to stay in your sweatpants forever. I’m one of the lucky ones for sure.

#122 Tron Light on 01.22.21 at 9:21 am

“You have a moral obligation to get the shot. Do not be a wimp or a coward. – Garth”

Ever heard of the concept of ‘moral panic?’ Moral panic is defined as (from Wikipedia):

“A moral panic is a feeling of fear spread among many people that some evil threatens the well-being of society. It is “the process of arousing social concern over an issue – usually the work of moral entrepreneurs and the mass media.

“There are five key stages in the construction of a moral panic:

1. Someone, something or a group are defined as a threat to social norms or community interests
2. The threat is then depicted in a simple and recognizable symbol/form by the media
3. The portrayal of this symbol rouses public concern
4. There is a response from authorities and policy makers
5. The moral panic over the issue results in social changes within the community”

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

Eighteen thousand people are dead and the virus rages on. Get the shot and stick moral panic up your wazoo. – Garth

#123 crowdedelevatorfartz on 01.22.21 at 9:37 am

The Governor General has now resigned.

She now walks into a $130,000.00 pension for life at the ripe old age of 57….

Oh , and lets not forget about the added cash perk of “Professional Office expenses” that carries on inti retirement……

That can run into $100,000 per year…. on top of the pension

https://www.ctvnews.ca/politics/don-martin-s-blog/don-martin-the-gg-retirement-package-reeks-of-entitlement-and-extravagance-1.4159351

Sounds like a “suspension with pay” for life to me.

What the hell. It’s only taxpayers money.
Not like it’s coming out of Trudeau’s pocket.
Although he did ignore the usual hiring protocols when he personally chose to hire her.
Because of the ” it’s 2017″ Feminist agenda and all that.

Speaking of which.
I guess we should be seeing Chrystia Freelands highly touted “Feminist budget” sometime in the next few months….
$ 100 Billion deeper in the red?
$200 Billion?
What the hell, they aren’t paying for it and they will be long gone drawing THEIR exorbitant pensions before the ca-ca hits the air mover.

#124 Sara on 01.22.21 at 9:39 am

#104 Faron on 01.21.21 at 10:00 pm
#100 Dr V on 01.21.21 at 9:26 pm

SA, Faron and Nonplused are having a 3 way. Didn’t know it was that kinda blog. I’ll jump in to make it real orgy.

Can we at least invite Sara and maybe The Jaguar in here if it’s going to be that kind of party?
===================

LOL

#125 IHCTD9 on 01.22.21 at 9:47 am

#24 Dogman01 on 01.21.21 at 4:55 pm

What I am seeing now is the general population has little identification with or sense of ownership\Citizenship or confidence in their “Nation”, they too realize get as much as you can.

I think this is a much greater concern as they see the boom in the stock market and the rich getting richer, they realize get as much as you can, vote for who will give you the most….

This is what you expect from people whom live in a legal fiction post-national state that Canada has become….

The Wall Tiger guy demonstrated that orientation, he made it in Canada and now returning to what he senses as Home and where his loyalty lies.
___

Yep. Canada’s future includes gigantic Government, lots of over reach, and zero patriotism. I expect a larger and larger slice of government resources will go to utter waste every year. Alongside that, revenues will keep dropping, and taxes keep rising.

Totally preventable situation, but the last of us who gave a give a rip are now firmly in the minority. It’s basically too late now, as we’re looking at near 2 Trillion in Federal debt by the time Trudeau finished term 2, and with only 19 million workers (likely dropping) to shoulder it.

I said “No mas” several years back. The last Federal Conservative platform was essentially a carbon copy of Trudeau’s. There will be no financial conservatism in Canada from here on in – no matter what party wins the election. I just dgaf about the SJW “issues”, so it really doesn’t matter who I vote for, I am going to get more of the same.

I did consider all the options, including exiting Canada, but the best one (by far) was to stay, but become a check valve and install myself into the Canadian handout and taxation systems oriented to allow inflow, but not outflow. This plan has been working great as a bro and I have now taken in over a 1/4 million in returned taxes and cash handouts since Trudeau was elected – despite our incomes/assets. Trudeau has made it so easy to cash in – some demographics don’t even need to work due to approaching a FT minimum wage worker’s income – just in handouts. Yeah, this kind of stuff is just not going to work.

I do believe what is happening here in Canada is also slowly happening everywhere else in the West as well. In a nutshell, it is the final breaking down of borders – could be could, could be bad – very bad.

#126 IHCTD9 on 01.22.21 at 10:06 am

#120 Jean-Luc on 01.22.21 at 8:49 am
#53

Memorable moments at Rideau Hall:
https://www.cbc.ca/news/politics/rideau-hall-special-advisor-governor-general-julie-payette-1.5664396
____

I see the Federal HR dept. is looking in all the right places to find relevant talent to manage our public officials.

#127 Sail Away on 01.22.21 at 10:07 am

#125 IHCTD9 on 01.22.21 at 9:47 am

…the best [choice] was to stay, but become a check valve and install myself into the Canadian handout and taxation systems oriented to allow inflow, but not outflow. This plan has been working great as a bro and I have now taken in over a 1/4 million in returned taxes and cash handouts since Trudeau was elected – despite our incomes/assets.

Trudeau has made it so easy to cash in

—————-

I like the check valve analogy.

My approach has been slightly different, since taxation is unavoidable with the corporations. So, to recoup that tax cash, we’ve gone through the rigmarole of getting registered, certified, credentialed, pre-qualified, security cleared and attest-ified with governmental and military bodies.

Now, when the gov’t $ faucets turn on, we just fill buckets and drag them down to the bank.

#128 Dharma Bum on 01.22.21 at 10:17 am

The Governor General has resigned!

I was thinking of dusting of my CV, but reconsidered, since I don’t really fit the gender, racial, demographic, philosophical, ethnic, creed, social, national, or political profile.

Besides, I would have demanded that everybody address me as “Ay Guvnah!”, or just “Guv”.

#129 IHCTD9 on 01.22.21 at 10:19 am

#123 crowdedelevatorfartz on 01.22.21 at 9:37 am
The Governor General has now resigned.

She now walks into a $130,000.00 pension for life at the ripe old age of 57….

Oh , and lets not forget about the added cash perk of “Professional Office expenses” that carries on inti retirement……

That can run into $100,000 per year…. on top of the pension

https://www.ctvnews.ca/politics/don-martin-s-blog/don-martin-the-gg-retirement-package-reeks-of-entitlement-and-extravagance-1.4159351

Sounds like a “suspension with pay” for life to me.

What the hell. It’s only taxpayers money.
Not like it’s coming out of Trudeau’s pocket.
Although he did ignore the usual hiring protocols when he personally chose to hire her.
Because of the ” it’s 2017″ Feminist agenda and all that.

Speaking of which.
I guess we should be seeing Chrystia Freelands highly touted “Feminist budget” sometime in the next few months….
$ 100 Billion deeper in the red?
$200 Billion?
What the hell, they aren’t paying for it and they will be long gone drawing THEIR exorbitant pensions before the ca-ca hits the air mover.
___

Today, there are so many reasons you can point to for why Canada is likely heading for big trouble. No one wants to confront the plausibility though. I mean, WTF is a “feminist budget” anyway? Hopefully, it has something to do with matching expenses to revenues.

LOL right!

I find it harder and harder to take anyone in Ottawa seriously anymore. It’s a high priced gong show where they throw money around like confetti, make feel good politically correct speeches, and then float off into retirement on a golden cloud of taxpayers money.

#130 mike from mtl on 01.22.21 at 10:30 am

#125 IHCTD9 on 01.22.21 at 9:47 am
#24 Dogman01 on 01.21.21 at 4:55 pm

What I am seeing now is the general population has little identification with or sense of ownership\Citizenship or confidence in their “Nation”, they too realize get as much as you can.

I think this is a much greater concern as they see the boom in the stock market and the rich getting richer, they realize get as much as you can, vote for who will give you the most….

This is what you expect from people whom live in a legal fiction post-national state that Canada has become….

The Wall Tiger guy demonstrated that orientation, he made it in Canada and now returning to what he senses as Home and where his loyalty lies.
___

Yep. Canada’s future includes gigantic Government, lots of over reach, and zero patriotism.
/////////////////////////////////////////////////////////

Totally. As much as the media and Government touts some vague ‘Canadian’ identity, in reality we have none our own. Apart from some very superficial “see we’re not American” we ARE culturally American. Yes apart from some of the more stronger political things in the US, we might as well scrap the 49th border and be done with it. As a bonus we would trash our hugely over paid government and onerous taxation system.

The US also imports loads of people per year, but the difference in their case eventually proudly identify as Americans. Same is not true here.

It always irks me over the years hearing /that/ phrase from coworkers travels “…I’m going to my home country..”. Quite telling where their identity lies.

#131 joblo on 01.22.21 at 10:33 am

So much entertainment this week.

Trudeau fails on vacine delivery & his GG pick resigns.

Erin O’toole disappeared then surfaces to punt an MP.

Doug Ford phones Pfizer CEO to what?

Jason Kenney backtracks on coal development, spent $1.5B on a pipeline that got killed.

“Never half ass 2 things, whole ass 1 thing”
Ron Swanson

So Much FUN!

#132 Hilroy on 01.22.21 at 10:34 am

#113 Shirl Clarts

Do we even need a GG in this day and age? Technology allows the King/Queen to communicate with us directly, in real time.

#133 Ponzius Pilatus on 01.22.21 at 10:42 am

#115 Wrk.dover on 01.22.21 at 7:25 am
#180 IHCTD9 on 01.21.21 at 9:01 am

———————————————–

I get more heat from the 12′ of exposed chimney above the thimble in the core of my house than the wood stove it’s self. Consider this in your calculations.

A wood burner must have a CSA UL sticker to get house insurance if it goes indoors.
——————————
More and more is getting known about the health hazards caused by tiny smoke particles emitted by wood and coal stoves.
Read this article about how bad the air is in Poland, where they still use coal and wood stoves.
The same is true for the Czech Republic.

#134 Ponzius Pilatus on 01.22.21 at 10:46 am

If Hemingway was still around, he’d probably write:
“Two old Man and the Senate”

#135 Calgary Rip Off on 01.22.21 at 10:50 am

“this is all about comparing yourself to everyone else.”

Most people think this way. I do not. Why? A person can feel any way depending on their viewpoint which is subjective.

This morning the triage nurse was complaining that the retired cardiac manager upstairs jumped the line and got his Covid experimental treatment(vaccine). I told her, good for him, Im happy for him. She was frustrated that he did this. I am not. Why? Me having resentment about past events isnt worth the effort. At least as an older person who stays at home he is at less risk. Im younger and work in the hospital. Envy causes symptomatic issues: High blood pressure and other ailments. Ive always been this way: If someone else is successful, Im happy for them. What can I learn from them?

Its like at the gym: I prefer lifting with guys double my strength. I fear the little guys, not the strong ones. Why? Strong guys have nothing to prove. Its the little rats that try to screw the other guy over.

As far as income, Im grateful for what I have. That being said, Kenney likely will figure out a way to justify healthcare cuts given that the pipeline wasnt installed by him during the 4 years Trump was in office. Maybe Biden cancelled the pipeline because it really wasnt going to happen?

My vaccine for next monday was cancelled. Im ok with this. One RN i work with my age had a really bad reaction. The risk of side effects with the vaccine appears higher than the virus itself. That being said, Im getting the experimental treatment(vaccine), as soon as I can. One nurse sitting next to me just said after the vaccine this week she has been really fatigued and achy. Im glad it was delayed rather than botched by too much time in between injections. I prefer the experimental treatment so my body has seen what the covid looks like in a safer condition. Likely the adverse vaccine effects are from the polyethelen glycol, not the mRNA itself. While Im waiting I use the vitamin C, multivitamin, D3, zinc and cold shower techniques plus daily exercise. Ive been told im “vitamin boy” by one poster here. Such a person is a fool. Vitamins, plus vaccine likely will cause reduced mortality if covid is acquired. But the general media doesnt report vitamins because randomized clinical trials dont work on vitamins because how they work in the body. Conventional medical doctors(most) dont understand this. So there is a failure to recommend vitamins vs. covid in the media. Experimental treatment+vitamins=success.

#136 Ponzius Pilatus on 01.22.21 at 10:59 am

#132 Hilroy on 01.22.21 at 10:34 am
#113 Shirl Clarts

Do we even need a GG in this day and age? Technology allows the King/Queen to communicate with us directly, in real time.
—————————-
Exactly,
And if the Royal Freeloaders wanna come for a visit, let’s bill them for the cost.

#137 Ponzius Pilatus on 01.22.21 at 11:02 am

Two Old Men and the Senate

#138 Sail Away on 01.22.21 at 11:07 am

The GG resignation should spur Canada to punt the Queen and offer ourselves to the US.

The Democratic Party would get a huge boost, there would probably be a payout to all Canadian citizens, and the snowbird life could be year-round!

Win-win-win in my book.

#139 IHCTD9 on 01.22.21 at 11:08 am

#115 Wrk.dover on 01.22.21 at 7:25 am
#180 IHCTD9 on 01.21.21 at 9:01 am

———————————————–

I get more heat from the 12′ of exposed chimney above the thimble in the core of my house than the wood stove it’s self. Consider this in your calculations.

A wood burner must have a CSA UL sticker to get house insurance if it goes indoors.
___________

If you’re not familiar with a “rocket stove” (named for the sound they make while running), Google it up. I think you might find it interesting.

It’s basically a tank (a “Bell”) with an internal chimney fed by a small combustion chamber and hopper in a “J” shape. The fire burns sideways, parallel with the floor. The idea is the heat/fire exiting the internal chimney expands throughout the Bell, transfers heat over the large surface area (about 22 sq. ft. in my case) cools, falls, and exits the bottom rear of the stove into a conventional chimney, then up and out of the building.

So far the stove normally runs with a bell temp almost 3X hotter than the chimney, so I get little radiant heat off the main chimney pipe.

As for insurance, this is a home built unit, is non-conventional, and is a temporary installation Dec-March. My insurance company will not be learning of this installation due to there being no avenue provided for acceptance of something like this.

#140 Brash Builder on 01.22.21 at 11:11 am

Garth: re moral obligations. If your position is correct and we should all be guided by our morals shouldn’t Trudeau have resigned admitting that he’s an incompetent unable to work effectively and honestly for the people of Canada?

Justin’s got more stinking immoral unethical baggage than a three dollar bill. Wouldn’t resigning be the moral thing to do? These aren’t slights, his gross absence of morals have been well documented.

#141 NSNG on 01.22.21 at 11:27 am

DELETED. Anti-vax.

#142 Linda on 01.22.21 at 11:57 am

#54 ‘Cici’ – you make an excellent point about WFH not suiting everyone. For those that do enjoy WFH, going to be some sad folks if their employer mandates an office return. In this ever changing world of ours, I do wonder if this virus is just the beginning of a new reality. There have been news articles for literal decades now outlining how/why antibiotics no longer work like they used to. With so many more people & so much more interaction, could be that viral outbreaks are going to become much more common with a much higher mortality rate to boot.

#143 The Totally Unbiased, Highly Intelligent, Rational Observer on 01.22.21 at 12:02 pm

“What does this tell us about the 1% of readers who light up the steerage section on a daily basis, defending MAGA, saying Covid’s just a flu, telling us Trump won the election, Alberta is going to separate, the stock market is a Ponzi scheme, the economy’s collapsing, the future’s dark and cats are okay?” — Garth

MAGA was a great idea by a great American patriot who was opposed by shameful traitors.

Covid is a bad flu.

Trump won the election, but it got stolen from him by “election irregularities.”

Hopefully, Alberta will not separate.

The stock market is very much like a Ponzi scheme.

The economy is not collapsing on its own. It is being deliberately destroyed by politicians.

The future is so dark, you will need night-vision goggles. Until Trump 2024. Enemies of the people want to prevent Trump from ever running again because they know they cannot beat him legally. They would have to steal it again.

Cats are … cats.

#144 Axehead on 01.22.21 at 12:06 pm

Maybe Canada should become a republic? Have our own tea party in the Nova Scotia harbour? Wait. O’Toole’s head will explode! He’s a monarchist.

#145 FriedEggs on 01.22.21 at 12:06 pm

Who cares if you’ve been up floating in the heavens of space, if you’re a jerk on earth.

#146 Bradley Brushright on 01.22.21 at 12:12 pm

Garth,

May need to redo the numbers after the 50% RE haircut where 99.9% have their wealth stored…..gonna be like a brush cut with the clippers set on No 1. folks…..

https://ca.finance.yahoo.com/news/cmhc-home-prices-could-fall-479-in-worst-case-scenario-without-government-help-185740208.html

#147 Linda on 01.22.21 at 12:15 pm

#81 ‘Diggs’ – exactly! So many people think only those with high incomes can get ahead. Even more think that a high income automatically means that person is well off financially. Logically that should be the case, but in reality a rather large percentage of high income earners have little to no savings or investments other than whatever RE they are currently occupying. Many are pickled in debt & the amount of equity they might have in RE is more than offset by the aggregate sum of debt owed.

#148 Chimingin on 01.22.21 at 12:18 pm

To all of you whining because you’re retirees and the questionnaire didn’t apply to you: You are retirees. You no longer matter economically.

#149 Faron on 01.22.21 at 12:42 pm

#124 Sara on 01.22.21 at 9:39 am

#104 Faron on 01.21.21 at 10:00 pm
#100 Dr V on 01.21.21 at 9:26 pm

SA, Faron and Nonplused are having a 3 way. Didn’t know it was that kinda blog. I’ll jump in to make it real orgy.

Can we at least invite Sara and maybe The Jaguar in here if it’s going to be that kind of party?
===================

LOL

At least someone around here has a sense of humour. No surprise that it’s someone who isn’t white-knuckle death-gripping their conservative ideals as the world steadily, irrevocably rejects them for a better future.

#150 KLNR on 01.22.21 at 12:48 pm

@#110 joekahn on 01.22.21 at 12:47 am
I am starting to think the real estate market will tank in 2022 instead of this year.

you and your ilk sound like those religious cults, always predicting the end times over and over again lol.

#151 Damifino on 01.22.21 at 1:01 pm

#148 Chimingin

You are retirees. You no longer matter economically.
———————————–

I’m okay with not mattering.

Financial independence more than makes up for it. For those that do matter, it’s something to aim for.

#152 Sail Away on 01.22.21 at 1:09 pm

#139 IHCTD9 on 01.22.21 at 11:08 am

Re: Rocket Stove

———–

Nice! we use a double propane tank camp stove for the tipi with rails on top for 100lbs of rocks as a thermal sink and copper coil passive water heater.

Considered the rocket stove but they burn too hot and fast for this use since a favourite meal is dutch oven stew muttering away on the rocks all night with the firebox filled and damped all the way down.

#153 Faron on 01.22.21 at 1:23 pm

Oh look, GME peaks then drops just as BB explodes to +10% then falls back then up again. BB volume is DOUBLE typical volume and the trading day is half over.

Sail Away, regardless of how long your time horizon is, if you provide analysis of a single stock that is the laser focus of retail manipulation and fail to take that into account in your advice, your advice is terrible. In this case, it was to the upside (today). Understanding fundamentals is important, but understanding when a single stock is a manipulation target is equally important in this age of the so-called retail army.

#154 The Totally Unbiased, Highly Intelligent, Rational Observer on 01.22.21 at 1:27 pm

“What does this tell us about the 1% of readers who light up the steerage section on a daily basis, defending MAGA, saying Covid’s just a flu, telling us Trump won the election, Alberta is going to separate, the stock market is a Ponzi scheme, the economy’s collapsing, the future’s dark and cats are okay?” — Garth

I refuse to allow Garth to drag me into his debate about cats.

The topic of cats is much too controversial and charged with very strong feelings on both sides of the issue.

#155 IHCTD9 on 01.22.21 at 1:31 pm

#152 Sail Away on 01.22.21 at 1:09 pm
#139 IHCTD9 on 01.22.21 at 11:08 am

Re: Rocket Stove

———–

Nice! we use a double propane tank camp stove for the tipi with rails on top for 100lbs of rocks as a thermal sink and copper coil passive water heater.

Considered the rocket stove but they burn too hot and fast for this use since a favourite meal is dutch oven stew muttering away on the rocks all night with the firebox filled and damped all the way down.
_____

Sweet, especially the slow cooked stew! I’ve been playing around with the RS since I put it in 2 weeks ago. I initially couldn’t get the thing to run more than 15 minutes on a small fire – it would just blow out. To keep it going meant throwing in more wood, and the heat just went way too high – red hot on the combustion chamber. Choking it would put it out.

A few days ago, I tried wood “chunks” from old pallets – success! 2 hour burn at half throttle and the CC still got red hot. It’s supposed to be -13 tonight, so I am going to try chunks again at 3/4-7/8 choke.

If it all works out good with the chunks, I will think about building a “rebak” to make said chunks:

https://www.youtube.com/watch?v=jRa34w9wk98

#156 tbone on 01.22.21 at 2:07 pm

I use a 96 % high efficiency gas furnace attached to a thermostat to heat my house . I set it to 22 C and let er rip . Works pretty good .

#157 Sail Away on 01.22.21 at 2:48 pm

#153 Faron on 01.22.21 at 1:23 pm

Sail Away, regardless of how long your time horizon is, if you provide analysis of a single stock that is the laser focus of retail manipulation and fail to take that into account in your advice, your advice is terrible. In this case, it was to the upside (today).

———–

Don’t take it personal. I know it’s an emotional time. You’ll get one right eventually, little fella.

#158 Gary C on 01.22.21 at 7:02 pm

RE KEYSTONE: Jason Kenny screwed up. He should have
Appointed Hunter Biden to the TC Energy Board for 10 million, and bought him a new Laptop.

On Fox News today he neglected to mention the shutdown
of Enbridge Line 5 to Ontario, 400,000 BPD and the fact that the USA imports 62million Barrels from Russia, mostly Washington State.

When you fill up in Vancouver you are getting Russian gas
refined in Washington, as we lack pipeline capacity to supply those refineries, along with the refineries in Eastern Canada.

I hope Biden tells Trudeau to build his own pipeline to Eastern Canada.