The flip, part Deux

Changes in the wind. Pay attention.

The Bank of Canada is pulling back on the throttle. Finally. Weekly bond-buying that stood at an incredible $5 billion every seven days last year and dropped to $4 billion in the autumn is heading down to three. This means the ongoing suppression of interest rates in the bond market (where the central bank now owns 40% of all debt) will lessen. It opens the door for the creeping normalization of rates, as the virus recedes.

There’s more. Did you see the latest inflation stat?

Yeah, I know. The government numbers are ridiculous since we all know life has become hideously more expensive. But this is significant – the cost of living officially doubled from February (1.1% annually) to March (2.2%). So what? Well, 2% inflation is the central bank’s big target. Once we get there, it’ll consider raising its benchmark rate.

Economists and Mr. Market saw that happening in a year. The odds of hikes commencing in 2022 were 60% before Wednesday’s announcement. Now they’re 100%, which poured gas on the dollar. All those folks who come here to tell you the cost of money will never increase and ‘the government won’t let housing decline’ need a new hobby.

There’s more. Vaccines. So far 10.5 million doses have been squirted into shoulders, which means 27% of the adult population has been jabbed. We may still be struggling with the Third Wave, but we know where this is headed, and when. Ten million more doses will arrive next month. About 1% of the population gets inoculated each week, and UK experience shows that at a level somewhere around 40% life gets a lot better.

The central bank is turning off the stimulus tap and telling markets to expect higher rates sooner for one reason: economic recovery. The bankers say growth this year will be 6.5%. Just weeks ago the forecast was 4%. In the world of CBs, that’s elephantine. We’re likely just weeks away (maybe a dozen of them) from everything changing. The next few months will be difficult, volatile, and filled with news of virus victims, new restrictions and a struggling health care system. But it’s finite. The light’s there. End-of-tunnel days lie ahead.

By the way, here’s today’s reaction to yesterday’s blog from the realtor who reported the housing market flipping the day before:

I don’t see an actual rate increase yet, but rates will drift north when the bank gets out of the bond market. I do see the prime rising in 1/4% increments after the election regardless of the outcome. The years run up in real estate prices is attributable almost entirely to  lower rates, so some price decline is inevitable as the rates climb. Judging by your blog there wasn’t a lot of agreement with my comments concerning a cooler market. Maybe a blip, or the very early stages of a correction. Some agents are worried, particularly the 20+ year vets who know that prices don’t rise forever.

It’s a lesson lots of newbie agents, house speckers and inexperienced homeowners have yet to learn. Yesterday we yakked about a potential market flip in real estate. The reasons – prices most people can’t afford and (mostly) a surge in listings. As Covid recedes, expect a dearth in inventory to become a flood. And why not? Astute owners will want to cash in on the highest valuations in history, and the vaccine will make selling a property much less scary. Once prices start to soften, FOMO recedes. Gone is the fear sellers have that they’ll never be able to buy again.

By the way, check out the latest StatsCan borrowing numbers. Maybe things aren’t exactly as they seem. Maybe the ‘bubble market’ is already leaking gas, and the breathless media missed it.

Mortgage borrowing in the latest monthly report fell 12% from January, and has toppled since last autumn – down over 60%. Yes, house sales have been booming (up 40%), but this is evidence a big whack of those resulted from move-up buyers with equity. No surprise there. The kids are being priced out. First-time buyers are the most important fuel of the housing market. When the fuel disappears, the fire fades.

Now, do the Bank of Canada’s moves – cutting back on stimulus and changing its rate-increase timetable – mean the end of the real estate insanity?

Nah, of course not. There’s an ample supply of greater fools left to keep realtors busy. March home prices shot ahead a big 1.5% month/month says Teranet, plumping the most in Halifax, Hamilton and Toronto. Meanwhile CREA reports the average price of a house nationally jumped 31% year/year. It ain’t over yet.

But as supply increases, vaccines flow, the GDP reflates and the end of emergency interest rates grows nearer we’re closer to the end of this bizarre episode than the beginning. Nothing has been normal since February of 2020. Those who think what Covid brought was permanent societal change will learn otherwise. It’s not different this time. It never is.

About the picture: “This is Juno, a 5yo border collie waiting for her next command in sunny East Van,” writes Dave. “Perfect obedience came as a standard feature with this one, unlike the unruly pack found sniffing around your blog. She would be thrilled to be your daily pin up girl/boy.”

169 comments ↓

#1 Dogman01 on 04.21.21 at 2:30 pm

#134 AB on 04.20.21 at 11:36 pm
#135 The West on 04.20.21 at 11:39 pm

MN vs. Chauvin
It’s all about sides, I guess. Stay divided. Keep playing into their game. It’s all about keeping us atomized and anxious while the rich make off with everything they can get their hands on as the Titanic sinks.

———————————————–

The “race” or sex discussion – they want to cleave society, divide and distract.

Instead take all the stats about Police Killings and apply a wealth\poverty filter to it.
Whamo – you will find that police killings are 90% correlated to poverty.

People in poverty has similar problems\challenges to other in poverty regardless of their sex\race.

They are trying to convince the masses that the cake has vertical cleavages (Race, Sex) but really it is a Layer Cake with wealth and poverty as the critical divides.
Keep the activists in societies busy fighting the wrong fight , along race so they will not “look up” and notice…..Wealth is the gap that matters.

In Canada a male store clerk has the same challenges\problems as a Female Store Clerk. It’s not a “Shesession”

Wealth\Poverty is a generational thing, it creates values, expectations for the future and a mindset. It has a big impact on your available long term “opportunities” and options.

“Anti-racism” is just a term that means “different racism”:

“Racism does not have a good track record. It’s been tried out for a long time and you’d think by now we’d want to put an end to it instead of putting it under new management. ” ― Thomas Sowell

#2 the view out west on 04.21.21 at 2:33 pm

Could it be that the rise in price of a SFH reflects the drop in the value of money, considering the Feds have turned the printing presses to overload, and are distributing the money to everybody

#3 TurnerNation on 04.21.21 at 2:46 pm

“In 2015, Canadian Prime Minister Justin Trudeau while defining Canadian values declared his country to be the world’s first postnational state.”

— I have confirmed quite a few people I know or told to me, who are actively bailing on Kanada. Leaving, not returning. Kanadian Kommunism has taken root. Is it the symptom or a cause? Tweeters report:

.MateoMilano @Milanista_83h
I’m in Florida now. No masks. Distancing really isn’t a thing. Basically 95% pre-Covid normal. No talk about cases, % positivity, deaths, ICU’s. My God, it’s absolutely wonderful.

[email protected]_gas I’m in AZ. Kids been in sporty since May ’20. masks suggested, not required. Went to a Coyote’s hockey game last weekend.. Schools completely open. Restaurants mostly full capacity. 90-95% back to normal. Can’t imagine 3rd world Canada RN.

—-28 more days guys…this is not perm. (wink wink). This is not house arrest don’t worry.

.Canada border and hotel quarantine and flight ban extended to 21st May (reuters.com)

Here comes the soft sell/predictive programming:
.John Ivison: Is it time to ground domestic flights? FP.com

.City will ticket ‘non-essential travel’ at escarpment stairs, enforce masks at playgrounds
Officers will use ‘discretion’ for ticketing at playgrounds, city said
https://www.cbc.ca/news/canada/hamilton/escarpment-stairs-playgrounds-ticket-fines-1.5993288

.Michigan extends COVID business, office rules through Oct. 14 (detroitnews.com)

…………..
For FLOP: we lost this WW3 fair and square. Occupied now

.Australians who try to use NZ bubble to travel to another country face imprisonment (9news.com.au)

— From over SIX months ago:

“#74 Alphonse Kehaulic on 11.25.20 at 7:40 pm
28 days lockdown. Symbolism. Two 8s = 88 = double infinity. In other words: Endless, in perpetuity, no timeouts for your lockdowns. Put it to you this way: From now on there will never be a time of no lockdowns.
28 Days Later was a movie about a pandemic. Just a coincidence I’m sure.”

#4 NOSTRADAMUS on 04.21.21 at 2:47 pm

THREE WORD SYNOPSIS, WRONG,WRONG,WRONG.
For optic purposes only, bank staff will shortly be undergoing “sensitivity” training in order to avoid adding further pressure to the mounting Mental Health crisis as they prepare to call in loans issued during the pandemic. First on the agenda will be to demonstrate empathy, as the first wave of repayments for Coronavirus loans fall due. Empathy, followed by vulnerability and listening skills. What so many borrowers fail to grasp is the banking industry is also into the collection industry. Too many households and businesses wrongly assumed the emergency loans were effectively grants that would never have to be repaid. THREE WORD SYNOPSIS, WRONG, WRONG, WRONG. The bank is under no implied duty to exercise reasonable care and skill during the recovery process following a default in repayment of a loan. Banks and their first cousin the C.R.A. will be under fierce pressure from the treasury to chase the Covid loan money as much, and as far as humanely possible on behalf of the tax payer. So much for sensitivity training. You can call me a dreamer, but I’m not the only one.

#5 the jaguar on 04.21.21 at 2:47 pm

The distinct sound of brakes being applied just heard by Jaguar who hears things only beautiful creatures like Juno hear.
Border collies, the most highly evolved, occasionally their owners can lay claim likewise.
Did I spy an attempt to ban the ferret again? Deja vu all over again.

#6 Faron on 04.21.21 at 2:47 pm

Very slightly hawkish BoC. Interesting. It’s high time CBs put less money in the pool.

If I may Garth:

#181 Sail Away on 04.21.21 at 1:03 pm
#175 Faron on 04.21.21 at 12:14 pm

———-

I am Hispanic and have never been targeted.

What a joke. I probably tan up darker than you! There’s a ton of Spanish descent in Venezuela as you well know.

#7 Please explain on 04.21.21 at 2:53 pm

Hi Garth, long time reader of your blog, thank you for all you do. I got my shot. My question is why does the government not shut down all air traffic to Canada so we can get this covid slowed down or…?
Thanks
GK

Arrivals have to be tested and quarantined. Seems adequate. They don’t just wander off the plane. – Garth

#8 SW on 04.21.21 at 3:00 pm

My dear friend’s border collie died unexpectedly last weekend. He was the image of Juno.

Hug your dogs and your family while you have them.

#9 The Woosh on 04.21.21 at 3:02 pm

It’s not different this time. It never is.

————————————

You’re absolutely right…it’s not different this time. Just like the past 25 plus years. Housing just keeps going up. No matter the price. Thinking differently is just recency bias. Wouldn’t you agree?

BTW…wasn’t it just a few months ago that the central bank mentioned not touching rates even if it goes beyond 2% inflation. More like 3%-4% before they fiddled with a rate increase? My, my…memories sure are short.

#10 Faron on 04.21.21 at 3:04 pm

#186 Sail Away on 04.21.21 at 1:30 pm

#179 Faron on 04.21.21 at 12:37 pm

Latinx

Aw, don’t forget the Romanians, French, Italians Portuguese etc. etc. etc.? Poor guy. Shall I just list all of the Latin American nations whose emmigrants have entered the US and who are visibly “brown”?

———

…you know, me being Hispanic and all.

You know full well that you are not a visible minority and that is the lynchpin of racial profiling. Of course you haven’t been profiled. Or, you’ve been profiled and passed off as white and thus given all the rights and benefits thereto. Let’s meet up in Duncan at the end of September, toast a axe-burying beer and have a tan off. I will buy your beer if you win.

#11 The big return on 04.21.21 at 3:06 pm

I think every few plates is another Albertan that came to hide in plain sight on Vancouver Island. May have worked if they didn’t tell their friends. Time for Horgie to return them all to sender. Besides, who wants to catch the double mutants in BC!

#12 Sail Away on 04.21.21 at 3:07 pm

#181 Sail Away on 04.21.21 at 1:03 pm
#175 Faron on 04.21.21 at 12:14 pm

——-

I am Hispanic and have never been targeted.

——-

What a joke. I probably tan up darker than you! There’s a ton of Spanish descent in Venezuela as you well know.

——-

As per the playbook, now I’m not enough of a minority because I don’t accept your stereotyping.

WASP-splaining at its best.

Sigh. Intolerance everywhere.

#13 IHCTD9 on 04.21.21 at 3:08 pm

#6 Faron on 04.21.21 at 2:47 pm

What a joke. I probably tan up darker than you! There’s a ton of Spanish descent in Venezuela as you well know.
___

So all my curly blond haired, blue eyed, 6’+, Mohawk and Miꞌkmaq buds aren’t real aboriginals then?

#14 Faron on 04.21.21 at 3:13 pm

#5 the jaguar on 04.21.21 at 2:47 pm

Did I spy an attempt to ban the ferret again? Deja vu all over again.

Nope, just some poster named Faron. Penny Henny went under cover again.

#184 Ban Faron’s IP on 04.21.21 at 1:12 pm

Please ban Faron’s IP, just for a little while? Give us all a break. Thanks!

By all means do, Garth. Save you, your readership and me the trouble and keep the discussion a dexterous bubble.

#15 The Woosh on 04.21.21 at 3:14 pm

7 Please explain on 04.21.21 at 2:53 pm
Hi Garth, long time reader of your blog, thank you for all you do. I got my shot. My question is why does the government not shut down all air traffic to Canada so we can get this covid slowed down or…?
Thanks
GK

Arrivals have to be tested and quarantined. Seems adequate. They don’t just wander off the plane. – Garth

——————————————————

Really? Then how does this happen? Can’t say that this feels adequate.

https://montrealgazette.com/news/local-news/quebec-confirms-first-case-of-b-1617-variant-in-the-haute-mauricie-region

“Officials said they are not certain how the variant was introduced into Quebec.”

#16 Lola on 04.21.21 at 3:14 pm

DELETED (Anti-vax)

#17 Adam Smith on 04.21.21 at 3:17 pm

“Arrivals have to be tested and quarantined. Seems adequate. They don’t just wander off the plane.” – Garth

Seems they sometimes can.

“As of March 30, 219 tickets have been issued to air passengers entering Canada who refused to quarantine at a designated hotel, said the Public Health Agency of Canada (PHAC). The fine for violating the requirement is $3,000, said PHAC. CBC News interviewed two travellers, including Desharnais, who say they defied the rules for safety reasons and have yet to receive a fine.”

Anyway, regarding houses, me and the wife legitimately needed the space and bought during the frenzy. You can tell the bubble has reached its zenith because we have been getting more concerned eyebrow raises from people than congratulations. Just hoping that my theory Victoria is different and our great location means any fall in price will be short lived. If not, there are worse places to be trapped while under water and the tenant will help us out.

#18 The West on 04.21.21 at 3:19 pm

Dogman01

I couldn’t agree more. And as long we remain disassociated from each other and suspended in fear we aren’t going to realize that the only “social divide” is between rich and poor – that’s it!

Throwing in the Sowell at the end gets a tip of the hat good sir!

#19 Tom on 04.21.21 at 3:23 pm

Many for sale signs in Vancouver now, but most list the company name and near the bottom say “international real estate.”

#20 IHCTD9 on 04.21.21 at 3:31 pm

Inflation on used off road vehicles is nutz based on asking prices on Kijiji right now. 100% that I could sell both machines for more than what I paid for them – after 5 years of ownership and 7000km put on between the two.

Thanks (again) Trudeau!

#21 Rook on 04.21.21 at 3:31 pm

My very, very basic understanding of the return on investment formula (I think CAPM?) is:

“If the returns on the thing you will buy exceed the amount you borrowed plus the interest you’ll pay, then buy the thing.”

Ie, if you’ve made more money at the end of the thing’s life, once you sell it, and calculate the profits, than it cost you to buy and operate and pay off, it was a good investment.

If I recall Ms. Freeland’s thinking correctly, she seems to think that the economic returns of the growth will out-grow the cost to service the massive debt/deficit the country is running to generate said growth. Or, for every $1 the government invests, an economic return of $1.01 or greater results.

Garth, is this possible?

Is it truly possible for a country to borrow its way out of its debts, or have an economy out-grow its own deficit?

That seems like a helluva gamble to me. But, then again, I’m neither an expert, nor a country. So maybe it’s possible? Has it ever been done?

#22 Sail Away on 04.21.21 at 3:42 pm

#10 Faron on 04.21.21 at 3:04 pm
#186 Sail Away on 04.21.21 at 1:30 pm
#179 Faron on 04.21.21 at 12:37 pm

You know full well that you are not a visible minority and that is the lynchpin of racial profiling. Of course you haven’t been profiled. Or, you’ve been profiled and passed off as white and thus given all the rights and benefits thereto. Let’s meet up in Duncan at the end of September, toast a axe-burying beer and have a tan off. I will buy your beer if you win.

———

And here you are racially profiling me over internet pics.

Shocking.

If I agree with your minority apologist whining, will I suddenly become Hispanic again? Because, you know, I am. Hispanic, that is.

Hey, here’s an idea: I’ll bring my Metis business partner and you can tell him he doesn’t look native. Say it like it’s a compliment.

#23 alexinvestor on 04.21.21 at 3:43 pm

The federal deficit will be 350b this year, or 7b a week. So if the BOC buys 3b, what rate will the government have to issue bonds at to convince someone to take 4b of bonds a week … 4% ? So mortgages rates go to 5% ? Kuddos to them if they do, but I doubt the BOC has the guts to do this.

#24 Faron on 04.21.21 at 3:43 pm

If I haven’t been banned yet and because Garth really wants to run a racial politics blog…

#192 IHCTD9 on 04.21.21 at 2:20 pm

#179 Faron on 04.21.21 at 12:37 pm
___

It’s true that Tasers have killed. There was a high profile case in Vancouver some years back IIRC. Or, you have instances like the recent accidental shooting also in MN. None of it good. Regardless, if the outcome of this is police rethinking their use of force against black people, then that is precisely what should happen.

I watched the verdict come down yesterday and saw the look in Chauvin’s eyes. I wasn’t happy to see him convicted. I think it was just, but I wasn’t happy by any stretch. I have empathy for him and what he’s gone through. I seriously do. I discussed this with my partner last night and she gave me a WTF kind of look. He’s certainly been caught in the cross fire here in terms of the profile of the case. But, his record shows numerous instances of pinning handcuffed, often smaller and younger people, with his knee. The details of his personal life suggest he was going through a rough time. Our society doesn’t look kindly on people taking mental health breaks, let alone the hypermasculine environment of a police force. So, he was probably frazzled and did something that many could have done but with a predilection toward kneeing people. And what he did fits a pattern of police being more lethal to BIPOC than to white people. That’s inarguably true and it is a problem.

Regarding long standing racial tensions: Do you think that if Black areas were Policed exclusively by Cops who are POC, that a difference in qty of black deaths by cop would be the result?

Look at the nature paper if it’s not paywalled. It shows that white police use violence more frequently in black neighbourhoods than black police do. The data are noisy, but there seems to be a signal. However, culture and training of police leads to plenty of black on black police violence. Some warranted, some not.

If Blacks and Whites were killed by Cops in identical proportions – do you think folks would be content enough with that, such that they would react similarly to a death by cop – regardless of black/white?

I don’t know frankly. It would certainly take credence away from some of the BLM arguments. But, death isn’t the only metric here. If killing was proportionate (a horrible notion, frankly given that any killing should be seen as a failure to police in many circumstances) but traffic stops weren’t by a sizeable margin, or any number of forms of harassment, then the problem would persist and people would be rightly pissed.

Anyhow, thanks for the discussion. I regret my snark earlier.

#25 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 04.21.21 at 3:49 pm

Forget real estate mortgage stuff for a moment, Garth.

WE HAVE AN EMERGENCY!

SNOWFALL IN THE GTA! IN APRIL!

SNOWFLAKES FALLING ON SNOWFLAKES! OMG!

OH, THE HUMANITY!

CALL IN THE ARMY!

SEND ALL NURSES FROM THE ICUs IN THE MARITIMES TO TORONTHOLE RIGHT NOW, WITH SHOVELS! TO HELL WITH COVID PATIENTS!

CANADA’S WORLD CLASS CITY DEMANDS YOUR HELP!

IF SNOW SLOWS DOWN THE GTA REAL ESTATE MARKET, THE NATION IS DOOMED!

NO ONE WILL BE EVEN ABLE TO AFFORD MAKE BELIEVES TICKETS WHEN THEY ARE COMPETENT AGAIN IN 2051!

WHITE SNOW ALERT, LEVEL 10!

#26 Sail Away on 04.21.21 at 3:51 pm

#13 IHCTD9 on 04.21.21 at 3:08 pm
#6 Faron on 04.21.21 at 2:47 pm

What a joke. I probably tan up darker than you! There’s a ton of Spanish descent in Venezuela as you well know.

———

So all my curly blond haired, blue eyed, 6’+, Mohawk and Miꞌkmaq buds aren’t real aboriginals then?

———

Good question. Send a pic for Faron to examine. He seems to be good at racially profiling over the internet.

It’s good to have someone qualified to categorize ethnicity by skin tone. Thanks Faron!

#27 Stone on 04.21.21 at 3:53 pm

#7 Please explain on 04.21.21 at 2:53 pm
Hi Garth, long time reader of your blog, thank you for all you do. I got my shot. My question is why does the government not shut down all air traffic to Canada so we can get this covid slowed down or…?
Thanks
GK

Arrivals have to be tested and quarantined. Seems adequate. They don’t just wander off the plane. – Garth

———

Apparently, they do. Not only that, they fly to a US airport and then cross the land border into Canada to avoid the 3 day hotel quarantine. At that point, they are supposed to self-quarantine for 14 days. Most do but some don’t. Enough don’t which is why we have the ongoing problems here. Great system we have. Today in the Montreal Gazette, it was reported that the Indian variant has arrived in Trois Rivieres. Trois Rivieres, a nowhere cowtown. Tell me again how the current quarantine process is effective.

It isn’t. When the process in place has more holes than Swiss cheese, the general population is not protected.

There is only one solution. Full minimum 14 day quarantine in a gouvernment run facility. And paid in full, in advance, by the incoming traveller. No exceptions.

Think that’s harsh? Just wait until a vaccine resistant variant arrives in the country that rips through the population that is unmatched in its ruthlessness to spread and kill. Then we’ll hear the politicians say…Oops.

The question was on flights from India. Your response is about Canadian snowbirds skirting the border three-day hotel quarantine. You are both being diverted by the hopeless media from the issue, which is community already by stupid, careless people and the anti-vax numbskulls among us. – Garth

#28 ogdoad on 04.21.21 at 3:58 pm

Only time will tell what the summer will bring. Looks to me as though there will be another wave of pent up FOMO. More people in tumbleweed towns bragging about price increases b/c there is nothing else to brag about…except their drug probs. There is no ‘big picture’ ’cause HGTV, CBC and the like don’t want to report about real social issues – not profitable! What is the underlining reason as to why people don’t want to be happy renting? Like more developed/populated first world countries?

Fascinating, really!

Always a pleasure, Garth.

Og

#29 IHCTD9 on 04.21.21 at 3:59 pm

#24 Faron on 04.21.21 at 3:43 pm
___

I guess this’ll be my last comment on this one as well. I really care a lot less about the issue today than I did about 10 years ago.

There are a lot of questions, but I find conflicts of logic all over the place, and no one involved with the cop/race thing directly can debate openly and honestly about it due to the BLM style politics that have been injected.

To me – it’ll never get fixed, no matter what they do. I’ll leave it at that.

#30 Faron on 04.21.21 at 4:06 pm

#12 Sail Away on 04.21.21 at 3:07 pm

#181 Sail Away on 04.21.21 at 1:03 pm
#175 Faron on 04.21.21 at 12:14 pm

Sigh. Intolerance everywhere.

So all my curly blond haired, blue eyed, 6’+, Mohawk and Miꞌkmaq buds aren’t real aboriginals then?

Wow dudes, those are red herrings. The argument is one of racial profiling based on visible minority and the sometimes violent outcomes of that profiling. When cops are shooting BIPOC they aren’t asking how they responded on the Census. My heartiest Joe Biden “C’mon, Maaaan” to you.

SA, it can’t be said any plainer than this: you aren’t profiled because you look and speak more than passably white. Full stop. I’m not here to doxx you, but you and I could pass for brothers from skin to hair to eye colour and I’m dutch/Irish. Your claims of being racialized are completely baseless yet you are trying to use it to gain some credibility here as before when you said you couldn’t be racist because you are “olive”. Yet, you seem to be trying to speak for other racialized people as well, so where does that leave us?

I don’t speak “for” anyone. I’ve relayed numerical facts. I’ve watched all of the video available to me on the Chauvin case and also other recent police killings of black people. I’m relaying what I have learned from racialized people through their articles, their film and any number of other media sources. There are plenty of BIPOC out there who have plenty to say if you would listen to it (which I assume you don’t).

I’m done going around this merry-go-round with you. Garth is almost certainly also done hearing about this. If you take this as an opportunity to slam me and “get the last word in”. Shame on you. If not, have a nice day.

Yeah. Knock it off already. – Garth

#31 Dolce Vita on 04.21.21 at 4:06 pm

#3 TurnerNation

MateoMilano @Milanista

If he is from Milano, I understand his being giddy. Lombardia has had a tough time of it. Then again, he could be from Toronto…about the same.

No one is more frustrated than me in the Prov. of Pordenone, in effect a Zona Bianca by whatever measure you care to use…but oh no, we still have to wear masks, etc.

We are basically the UK, if not better vis-à-vis Covid and its spawn, but STUCK in Italia.

Secession comes to mind.

—————————

PS:

My threadbare, meagre portfolio of investments got a kudo today for a vax stock I bought 1 year ago as a result of American bullying about our Italian lockdown (top of list):

https://i.imgur.com/jSbCBj1.png

Grazie “Give me Death or Give me Liberty” Americani for the idea (US Death stock still doing well). And yes, it was more than $1,000 I bought. One day soon, I hope to graduate to a MEEK portfolio.

And grazie Garth for all the advice, like today, that you give.

#32 Tales from the Crypto on 04.21.21 at 4:09 pm

So I’m talking bitcoin, and I say in our little chat “it’s nothing!”

To which the response is, “yes, it’s nothing…but it’s a VERIFIABLE NOTHING!”

YES! FINALLY a proper definition of crypto currency…a verifiable nothing.

Let’s do a SNL Mike Myers COFFEE TALK call back, shall we?

Gold Coin or Bit Coin – which is better?

Talk amongst yourselves.

#33 Faron on 04.21.21 at 4:16 pm

#29 IHCTD9 on 04.21.21 at 3:59 pm

I will certainly concede that there is a media quagmire at play. I didn’t want to watch the Floyd videos because I don’t like snuff films. I watched them because I wanted to form my own view less dependant on the “I can’t breathe” lines smeared all over the media. I wanted to see the looks on the faces of the police and bystanders. My thoughts on the Chauvin case stray from the lefty line by a fair margin.

My final thought is that I think there is some confusion between media bias and media sensationalism. They are not the same things.

#34 Chris Serran on 04.21.21 at 4:19 pm

Hey Garth – Maybe even better than you suggest. ” About 1% of the population gets inoculated each week”. According to covid-19 Tracker Canada, we are vaccinating on average almost 280 000 people per day, which is nearly 2 million per week. At that rate, we should be doing very well in about 5 weeks (plus two weeks for immunity to kick in after the shot). Waiting patiently for my turn…..

#35 pPrasseur on 04.21.21 at 4:22 pm

Easy monetary policies in the 70s lead directly to the great inflation of the 70s and early 80s, complete with nasty recessions. Of course the left blamed it on oil and greedy businesses…

But this time will be different right?

Our money is already becoming worthless, it’s not the elephant in the room, its a frigging Mammoth!

IMHO Canada, one if not the worse money printer, will be hit so hard it might actually disintegrate.

#36 Humbled ◇ Broke on 04.21.21 at 4:23 pm

The 3rd wave covid induced real estate flare-up (since beginning of 2021) is following in sympathetic ascent mirroring the prior covid infection rate pattern. This pattern is a rapid rise to peak, a blow off high and sudden crash down. Every previous coivid wave has same Matterhorn low to high to collapsing low. Sales volume of real estate in Canada follow same parabolic form. Listings will blossom like dandelions in spring but buyer psychology has now shifted. Panicked buyers are exhausted and the national bills on macro economy are now due as ell as many, many , new taxes. This economic friction will be misinterpreted as the basis for a new boom, but it will be a hollow echo boom from reopening post broad vaccination. The term ” normal” will not be in the national lexicon for a generation. The Millennials will be psychologically scarred generation just as the Depression generation of the 1930’s were with all their idiosyncratic behaviors. A third of Canadians under 40 have bailed permanently on the idea ever owning a home at all.

#37 Faron on 04.21.21 at 4:24 pm

#26 Sail Away on 04.21.21 at 3:51 pm

#13 IHCTD9 on 04.21.21 at 3:08 pm
#6 Faron on 04.21.21 at 2:47 pm

It’s good to have someone qualified to categorize ethnicity by skin tone. Thanks Faron!

Hey, NP brother. My advanced visual acuity allows me to distinguish shape and velocity too! #useful #lifeskills

#38 AM in MN on 04.21.21 at 4:27 pm

Some comments here about poverty and race and policing, I think it’s hard for most Canadians to have an understanding of how different is in the US dealing with black culture in many US cities.

Vancouver, for instance, has basically zero race relations problems and it is very multi-racial. The difference is most immigrants to Canada come from cultures that place an importance on family and education. That’s a huge difference when you consider the % of the prison population that grew up with out a father and can’t read or write.

The problem with the culture of about 75% of the US black population is that it doesn’t…look at the glamorization of rap/gangsta culture.

Urban Minneapolis & St. Paul are becoming ghost towns at night with sky high violent crime rates and a flight to the suburbs. Many cities are following, even smaller ones like Omaha or Louisville and on and on…

Most of the Police in South Chicago are POC, and it’s a war zone, so that makes no difference.

It is an issue of culture, not poverty or race. Every Walmart in metro Minneapolis is staffed with hard working Somalis, who have very tight families and whose kids never miss a day of school. Many had businesses burned down last year and are themselves looking to the suburbs.

Hard to change a culture, not sure how this ends…

#39 Stone on 04.21.21 at 4:31 pm

#27 Stone on 04.21.21 at 3:53 pm
#7 Please explain on 04.21.21 at 2:53 pm
Hi Garth, long time reader of your blog, thank you for all you do. I got my shot. My question is why does the government not shut down all air traffic to Canada so we can get this covid slowed down or…?
Thanks
GK

Arrivals have to be tested and quarantined. Seems adequate. They don’t just wander off the plane. – Garth

———

Apparently, they do. Not only that, they fly to a US airport and then cross the land border into Canada to avoid the 3 day hotel quarantine. At that point, they are supposed to self-quarantine for 14 days. Most do but some don’t. Enough don’t which is why we have the ongoing problems here. Great system we have. Today in the Montreal Gazette, it was reported that the Indian variant has arrived in Trois Rivieres. Trois Rivieres, a nowhere cowtown. Tell me again how the current quarantine process is effective.

It isn’t. When the process in place has more holes than Swiss cheese, the general population is not protected.

There is only one solution. Full minimum 14 day quarantine in a gouvernment run facility. And paid in full, in advance, by the incoming traveller. No exceptions.

Think that’s harsh? Just wait until a vaccine resistant variant arrives in the country that rips through the population that is unmatched in its ruthlessness to spread and kill. Then we’ll hear the politicians say…Oops.

The question was on flights from India. Your response is about Canadian snowbirds skirting the border three-day hotel quarantine. You are both being diverted by the hopeless media from the issue, which is community already by stupid, careless people and the anti-vax numbskulls among us. – Garth

———

Because only snowbirds avoid the 3 day hotel quarantine requirement. Sure.

No Garth. I just see the writing on the wall. It’s only a matter of time before something really bad and avoidable occurs. Isn’t what’s going on now already pretty bad and avoidable?

Some countries in the world learned a lot about SARS and have a great system in place to protect themselves. #1 world class Kanaduh? Not so much.

53% of my fellow dufus citizens $200 shy of insolvency. The majority of Canadians are so smart. Especially where it comes to math and science. Yeah, I’d definitely trust my life in their hands.

This convo is over. – Garth

#40 Dolce Vita on 04.21.21 at 4:41 pm

One thing I noticed about this 3rd Wave in Canada. Surprised at whom Covid and its spawn are targeting. More like gobsmacked.

First a kudo to the 40-49 yr olds of Canada (Gen-X):

You are EXEMPLARY and CRUSHING Covid and its spawn.

To the 30-39 yr olds of Canada:

If I were Dr. Tam I would DEPORT the lot of you to some other country if it were not for the fact that you comprise 26% of the Cdn Workforce.

————–

Some Epi facts from Gov Canada for the past 7 days…

Source of new infections, a.k.a., the young

≤19 = 20.4%
20-29 = 19.5%
30-39 = 20.3%….60% of all new infections the young

40-59 = 27.4% (2 decanes there)
Paleos, +60 = 12.5% (+3 decanes there)

But, the young are not getting sick…Hospitalizations*

≤19 = 5
20-29 = 113
30-39 = 1,392 = 40% of the increase of ALL hospitalizations past 7 days
40-49 = -885 yes negative, they made room for the 30-39 yr olds
50-59 = 489
60-69 = 543
70-79 = 534
80+ = 448

But, but, the young are not getting really sick…ICU*

≤19 = 2
20-29 = 16
30-39 = 446 = 50% of the increase in ALL ICU beds the past 7 days
40-49 = -342 again, making room for you know who
50-59 = 131
60-69 = 149
70-79 = 122
80+ = 33

But, but, but the young are not dying…

For now. 30-39 yr olds determined to give it their best shot.

———————-

*The vax effect is not showing up yet Garth, not with the Paleos where it should show up.

Not believing May Garth.

EU words out that June’s the month for the Vax Tsunami. Past week Canada has received a trickle in vax, near ZERO new doses in the last 6 or 7 days. Yesterday all of:

24,564 doses received.

Day before about 1,000.

Per Gov Canada delivery projections, past 2 weeks Canada should have received:

2M doses or about 143K doses/day.

IT DID NOT (maybe America or the UK can help?).

Do not know what the hold up is since Minister Anand keeps deferring to June and ignores any questions about where are the doses on Twitter?

#41 Faron on 04.21.21 at 4:42 pm

#22 Sail Away on 04.21.21 at 3:42 pm

#10 Faron on 04.21.21 at 3:04 pm
#186 Sail Away on 04.21.21 at 1:30 pm
#179 Faron on 04.21.21 at 12:37 pm

How many times has he been pulled over for driving in the “wrong” neighbourhood? How many times has he been eyed when he walks into a store because of his skin colour? You? Me? How many times has he been asked where he is from? If he has Tiger parents? When his family moved here? I’m guessing the numbers are dead average to below average to zero. The point is that if you are passably white, you get a passing grade from the get go much more often than if you are dark skinned in America. This isn’t binary. It’s not that all interactions will be polarized or biased. It’s that enough are to have an effect when you look at enough people over enough time. Statistics.

Understanding racial dynamics is understanding and admitting to yourself that human brains make nearly instantaneous judgments based on first impressions. If you had combat training in the military for urban warfare, you probably were trained to distinguish among people rapidly. Threat or no. If you do some work, you can work past the lizard mind response and treat everyone relatively the same, as it should be. Most people who aren’t outright neo nazis, are afraid to acknowledge that judgment leading to sketchy results. Noticing isn’t racism. It’s an outright lie if anyone, after conversing with a black person, says they didn’t notice their skin colour. BS. It’s the human default. Noticing that you notice and then acting to counter whatever your brain’s first impression is is the only way to investigate the problems and eventually make them better. It’s tiresome and burdensome which is why people don’t like to do it.

Shame on you for trying to mark me the racist. That’s utter BS.

I guess I wasn’t done.

#42 Faron on 04.21.21 at 4:52 pm

#183 Sail Away on 04.21.21 at 1:06 pm

I’m not big on labels,

#181 Sail Away on 04.21.21 at 1:03 pm

I am Hispanic

LOL. Klang!

#43 Dolce Vita on 04.21.21 at 4:54 pm

…and speaking of EXEMPLARY:

Yukon.

West Yukon 81% first dose, 74% second dose.

Surely to God they have reached Herd Immunity in that Region (Haines Junction, Champagne, Burwash Landing, Destruction Bay, Beaver Creek).

It would be good to hear from Health Canada that they did for the rest of us slugs, even here in Italia. It would be comforting to say the least.

Overall, the Yukon is 71% vaxd.

Though I worry for them as Moderna, which they use exclusively, new deliveries MIA from the EU. Will slow them down in the near future. Hope that gets fixed fast for them.

———————–

A bright spot in Canada and from its GREAT White North.

https://yukon.ca/this-is-our-shot#vaccine-progress-in-yukon

#44 BAMM! YOU WERE WARNED! on 04.21.21 at 4:55 pm

NEVER PAY MORE THAN YOU CAN LOSE
SOME OF YOU WILL LOSE IT ALL AS PRICES RETREAT AND YOU GO UNDERWATER ON YOUR MORTGAGES
NO SYMPATHY YOU GET WHAT YOU PAY FOR!

#45 Mike in Airdrie on 04.21.21 at 4:58 pm

Astute owners will want to cash in on the highest valuations in history (market goes down) OR Owners are too scared to sell because they can’t buy back in (markets go higher).

Suck and blow

#46 Scott on 04.21.21 at 5:11 pm

Any chance Faron and friends can just create a group chat so you can bicker amongst yourselves? Will save time for those trying to find the ten interesting/informative comments a day.

#47 Ponzius Pilatus on 04.21.21 at 5:15 pm

#20 IHCTD9 on 04.21.21 at 3:31 pm
Inflation on used off road vehicles is nutz based on asking prices on Kijiji right now. 100% that I could sell both machines for more than what I paid for them – after 5 years of ownership and 7000km put on between the two.

Thanks (again) Trudeau!
—————-
You can thank him even more by voting for him in the next election.
Not that he will need your vote.

#48 MN vs. Chauvin on 04.21.21 at 5:17 pm

#38 AM in MN

Hard to change a culture, not sure how this ends…

——

It ends in American Justice becoming a farce. Wikipedia entry for “Show Trial” – time to add United States of America to list of countries with SHOW TRIALS, with first entry being MN vs. Chauvin. My goodness, Dr. Baker calls it clearly a cardio issue – Dr. Tobin argues it was 100% an asphyxiation, then comes back and highlights how Floyd couldn’t have been poisoned with CO exhaust because he has 98% oxygen saturation in blood on rebuttal? Wait a minute…asphyxiation with 98% oxygen saturation in the blood? Come again?

It ends in American Politicians saying nice things but zero action on core issues that caused this mess.

It ends with glazing over, but continuing to not fund minority neighbourhoods, schools, programs to help lift the primary act of discrimination in the United States of America – which is not racial, but ECONOMIC – albeit racially targeted.

Stop blaming some 140lb cop who was probably scared for his life and intimidated by a much larger and stronger man who indeed was under influence of drugs and determined to resist for the structural issues in United States of America.

Oh yeah…and of course gun sales will have to go up in America. Police isn’t going to save you. GET A GUN!

#49 Adam Smith on 04.21.21 at 5:23 pm

@Faron

Just going to throw out that the terms “racialized people” and “BIPOC” are a couple of my biggest pet peeves.

This is the best description of why:
“Using the acronym BIPOC suggests interchangability. We are not interchangable.”

My wife is Punjabi who now has Canadian citizenship. She is not the same as a Chinese-Canadian, a US Black person, a Canadian First Nations person, a Nigerian in Africa, etc. Her experiences are not the same as theirs, the problems facing her communities either in India or in Canada are not the same as theirs. Pretending they are muddies the water and makes finding useful solutions more challenging.

It’s like the laziest and least useful form of prejudice possible.

#50 Faron on 04.21.21 at 5:23 pm

#46 Scott on 04.21.21 at 5:11 pm

Any chance Faron and friends can just create a group chat so you can bicker amongst yourselves? Will save time for those trying to find the ten interesting/informative comments a day.

Maybe you should kick it off by making an interesting/informative comment?

#51 Pietra Nera on 04.21.21 at 5:27 pm

Stone..

There is only one solution. Full minimum 14 day quarantine in a gouvernment run facility. And paid in full, in advance, by the incoming traveller. No exceptions..

_____________________________________

Dude, in other times I would have said that u are just another IQ challenged person. Now I am pretty sure that your certifiable low IQ is in that meaty part of the Gauss curve consistent with 50% of the Canadian population that still wears masks outdoors…loool

Did u graduate kindergarten at least??

#52 crowdedelevatorfartz on 04.21.21 at 5:29 pm

@#43 Dolce

Re the Yukon.

The entire population is 41,150 people.
Hardly a mass vaxx problem other than getting the “jabbers” into remote communities like Old Crow.

#53 Earlybird on 04.21.21 at 5:32 pm

Hahaha…inflation at 2.2%….how can they keep a straight face when reporting that! I will cry tears of joy when I see 5% or so…it will self sort some economic issues out fast thats for sure!
Too late for the Indian variant now….travel has caused 100% of covid spread….and will for the rest of our days…

#54 Sail Away on 04.21.21 at 5:41 pm

#42 Faron on 04.21.21 at 4:52 pm
#183 Sail Away on 04.21.21 at 1:06 pm

I’m not big on labels,

——-

#181 Sail Away on 04.21.21 at 1:03 pm

I am Hispanic

——-

LOL. Klang!

——-

??

Gen X is an arbitrary label. Ethnic identity is a state of being. Don’t conflate the two out of context.

#55 Rogerhomeinspector on 04.21.21 at 5:48 pm

Interesting thing I heard today.

We’ve all heard how people are fleeing for far flung, affordable places like PEI and NB.

Owner of my shop told me today he had a conversation with someone at his kids baseball practice last night.

Fella was new to the scene because they had just moved here from NB. This, after moving to NB last year to do the whole work from home thing.

Funny though- one thing they didn’t take into account is small town NB absolutely sucks in the winter time. There’s very little pubic infrastructure like rinks and public pools. No big libraries and the programs that go along with it. Few restaurants and no movie theatre, arcade etc…

So now they’re back. I wonder how many people who grew up in an urban area with all the benefits that affords will quickly come to despise small town living? Right now maybe it’s not so bad because you can’t do a whole lot anyway- but when it opens up and you realize there’s nothing to do where you live…? Or when you’re used to going to a Smart Centre and shopping at 4 big box stores at once and getting everything your heart desires, but you now realize that the local hardware store carries 3 faucets and anything else is special order and will take a few days to get in?

#56 GAV on 04.21.21 at 5:51 pm

“All those folks who come here to tell you the cost of money will never increase and ‘the government won’t let housing decline’ need a new hobby.”

Gee I dunno Garth. Sometimes it’s best to wait until the events actually happen before declaring victory.

Signed
Evan Siddall

#57 rknusa on 04.21.21 at 5:54 pm

re: All those folks who come here to tell you the cost of money will never increase and ‘the government won’t let housing decline’ need a new hobby.

can’t agree, they will raise rates but only very slowly so that housing market can absorb hit as wages hopefully climb to meet increase in rates

have to agree with others the government will not let housing fail at all costs (or the government with all that debt), they will let inflation run up significantly higher than 2% vs bringing on 2006 Part Deux

#58 Gen Z on 04.21.21 at 5:55 pm

The capitalist country of America recognizes the right to be housed:

https://www.latimes.com/homeless-housing/story/2021-04-20/judge-carter-la-city-county-shelter-skid-row-homeless-fall

Meanwhile in Canada, so-called Liberal Adam Vaughan believes that house prices should go higher and unaffordable.

#59 IHCTD9 on 04.21.21 at 6:02 pm

#47 Ponzius Pilatus on 04.21.21 at 5:15 pm
#20 IHCTD9 on 04.21.21 at 3:31 pm
Inflation on used off road vehicles is nutz based on asking prices on Kijiji right now. 100% that I could sell both machines for more than what I paid for them – after 5 years of ownership and 7000km put on between the two.

Thanks (again) Trudeau!
—————-

You can thank him even more by voting for him in the next election.
Not that he will need your vote.

— ——

Don’t matter who I vote for Ponzie, the Cons are bending over backwards trying to be Liberal-lite. Jag and the greens are insane, I don’t like the PPC’s nationalism as it’s doomed to fail, even if I agree at heart. The good old solid Canada isn’t coming back, and it’s global scale social evolution driving it. Can’t win, Trump tried, he’ll be the last unless we’re all in fact – doomed. I’m not going to vote against what basically has to, and will happen, despite my personal preferences.

Voting Liberal would be great for me individually, but very bad for the youth of Canada and newcomers on which our future economic prosperity depends. I’m already in good shape myself, so I’m more concerned about the future, plus I have kids too.

It could well be that the future globalized world must see a reduction in the quality of life for those living in the West. Maybe the huge Western pile of debt will be the catalyst that initiates the next step. Trudeau is definitely doing his part to ensure we will be included in whatever step that might be…

What do ya think Ponzie? Vote in self interest (Lib), or for the future crop of canucks (???).

#60 leebow on 04.21.21 at 6:06 pm

#48 MN vs. Chauvin

You have no idea what it is when injustice is a farce. The crap you are pushing is toxic product coming out of Russia Today and other Putin’s orifices. You are what Lenin called a useful idiot.

#61 Sunny Daze on 04.21.21 at 6:06 pm

Never different always applies. But has to apply to the amount of debt accumulating as well.

Imagine yields actually roll over. And the deficit turns out to be structural to the tune of over 100b. And prices rise too. What happens next…

Just spitballing but the path is there. Debt can do that.

#62 Penny Henny on 04.21.21 at 6:08 pm

Juno is beautiful. My dog Penny looked just like her.

#63 the Jaguar on 04.21.21 at 6:21 pm

9 out of 48….is that a record, Garth?
Holy mother of dog! There are no words! Well….except maybe ‘Mercy’.

#64 Northshore guy on 04.21.21 at 6:21 pm

A lot of dumb buyers will now run to buy because rates are going up and buy before they can’t afford the monthly. These people never learn higher rates soften prices actually decreasing monthly.

So yeah, April-May numbers will be epic

#65 david on 04.21.21 at 6:25 pm

“the cost of living officially doubled from February (1.1% annually) to March (2.2%).”

2.2% is mostly because of the higher fuel price.

Tiff Macklem said it himself, the inflation we see is transitory (notice the change from the “let the economy run hot” era).
It’s about 1% if we remove food and energy (compared to last year, remember).

We can’t create healthy inflation and the Bank of Canada is making the situation even worse with its QE.

#66 Linda on 04.21.21 at 6:26 pm

Juno looks very focused, intelligent & not at all the kind of dog to be taken in by FOMO, bidding wars or other such nonsense:)

So if our CB ‘owns’ 40% of all debt, does that mean we, the taxpayer, ‘own’ said debt? If yes, what would be the consequences if that debt were not repaid due to default? Mega recession? A society acting like extras in Mad Max? If we ‘owe’ the money to ourselves, does that make a difference in the outcome?

#67 Garth's Son Drake on 04.21.21 at 6:39 pm

If rates change, prices will adjust accordingly.

After today’s BoC announcement the top in house prices by mid year (just in time for peak value of property appraisals) is in. So, it will go on the record as a big jump in price for this year. Then what?

This is probably why the Feds are not doing anything given what looks to be happening.

#68 Faron on 04.21.21 at 6:41 pm

#49 Adam Smith on 04.21.21 at 5:23 pm

@Faron

It’s like the laziest and least useful form of prejudice possible.

That’s fair criticism and noted. My apologies.

#69 BC Starts Alberta Border Wall Construction on 04.21.21 at 6:43 pm

Trump properties got the contact.

#70 crowdedelevatorfartz on 04.21.21 at 6:46 pm

@CrowededelevatorCoffees

Apologies for only posting once on todays blog topic.
I know.
I’m shirking my daily duty.
I hope this second post helps.

I was busy discussing investments with my broker on a conference call, meeting with my accountant, quoting some jobs and setting up another job for a few weeks hence.
Busy busy busy.
Income tax rebate will be just under 5k.
Since I dont need the money.
Reinvesting the govt money back into RRSP’s seems the right thing to do for future tax benefits …don’t you think?
Investments doing great.
Work is rolling in. Company dividends are obscene.

How you doin “Coffee”

P.S.
I may thank the libs by donating to the Cons election fund ( tax write off ).

#71 Bert on 04.21.21 at 6:48 pm

This is looking like policy error. Ontario is essentially closed. Sure they’re looking ahead but they’re acting way too soon and are jeopardizing a robust recovery. The BOC didn’t want to buy bonds to begin with and it shows. They don’t like the real estate frenzy either. Prepare for a weaker Canadian economy relative to the US for some time. Underweight the TSX. (I’m zero TSX) The Canadian dollar is heading toward a multi year top. Buy USD at 80-85 cents CAD.

#72 pPrasseur on 04.21.21 at 6:57 pm

I own a boat that I could easily sell for as much or more than I paid for it (bran new including taxes) in 2013.

No inflation for sure!

#73 45north on 04.21.21 at 7:01 pm

There’s more. Vaccines. So far 10.5 million doses have been squirted into shoulders, which means 27% of the adult population has been jabbed. We may still be struggling with the Third Wave, but we know where this is headed, and when. Ten million more doses will arrive next month. About 1% of the population gets inoculated each week, and UK experience shows that at a level somewhere around 40% life gets a lot better.

the US is ahead of us but the percentage of positive tests is about the same

https://coronavirus.jhu.edu/testing/individual-states/usa

but again, there’s no third wave in the US

#74 Reg on 04.21.21 at 7:05 pm

@Faron

Somehow I doubt you would behave the same way at 3am in front of a 70yo grandma and in front of a 20yo male dressed like a gangster.

Also, I’m not sure it’s unconscious bias from the police. In the US, cops are aware that despite being only 13% of the population, blacks commit more than 50% of the murders (according to FBI statistics).

#75 DON on 04.21.21 at 7:09 pm

“All those folks who come here to tell you the cost of money will never increase and ‘the government won’t let housing decline’ need a new hobby.”

A little premature, just a insight into the future.

Turn up the volume first and let it roll.

https://youtu.be/E_fQt-bsJvI

#76 Ponzius Pilatus on 04.21.21 at 7:25 pm

Don’t matter who I vote for Ponzie, the Cons are bending over backwards trying to be Liberal-lite. Jag and the greens are insane, I don’t like the PPC’s nationalism as it’s doomed to fail, even if I agree at heart. The good old solid Canada isn’t coming back, and it’s global scale social evolution driving it. Can’t win, Trump tried, he’ll be the last unless we’re all in fact – doomed. I’m not going to vote against what basically has to, and will happen, despite my personal preferences.

Voting Liberal would be great for me individually, but very bad for the youth of Canada and newcomers on which our future economic prosperity depends. I’m already in good shape myself, so I’m more concerned about the future, plus I have kids too.

It could well be that the future globalized world must see a reduction in the quality of life for those living in the West. Maybe the huge Western pile of debt will be the catalyst that initiates the next step. Trudeau is definitely doing his part to ensure we will be included in whatever step that might be…

What do ya think Ponzie? Vote in self interest (Lib), or for the future crop of canucks (???).
———————
Well, all I can say is, I lived through Harper’s reign, and survived Christy Clark.
And now the Pinkos are in charge in BC.
Overall, I’m not better or worse off then before.
Life just seems to go on, which is a good thing.
They tell you your vote is important.
Sure in the aggregate they are.
But it’s hard to see what difference you’re making.
If you really wanna get involved and be the change you gotta run for office.
But then again, there are no guaranties.
Ask Garth.
All I care about that my family is safe and looked after.
The rest is gravy.

#77 bdwy on 04.21.21 at 7:26 pm

Juno thanks Penny and Jag for the compliments.

She is flattered, and…. I GOT MY DOG ON THE BLOG!!!!!!!

wooohooo!

Jag – your are somehow exactly spot on about her hearing things that others don’t. maybe she can hear a market rolling over too, but there is a big problem with her hearing other things that has caused her to be very stressed/anxious alot of the time. far away sounds, usually banging or popping but most of the time i hear nothing. it was brought on by fireworks i assume (so bad i took her out of town last halloween). in a way it has ruined her enjoyment of much of her life, she was super happy and carefree until about 3yo. when it’s quiet is the problem. i keep a radio on nearly 24/7 so she can relax. walks, car rides, ball, hikes, are still ok mostly. she went from living in the front yard greeting everyone, to going directly to her bed in a back corner of the house immediately after coming home.

i think she may be too smart for her own good, clearly she thinks about things too much. hangs out with 2 big (happy?/dumb?)labs who know nothing but the next meal/treat and playing and getting dirty.

i’ve been home with her for her whole life. i’m a big , physical guy who she knows will protect her from most anything but those damn sounds. i’m powerless there.
she has it good for a dog, front/back yard with dog door, tons of walks, hikes, most every weekend in the bush or country.

you seem to have good insight to pups (despite the feline handle!), what should i do to help her?

any other dog pychology types out there i’m all ears.

#78 Flop... on 04.21.21 at 7:29 pm

As a non-scientist, construction guy, I would like NASA to focus on things on this planet.

Like what is happening to the price of tools and materials here in The Loser Mainland.

It’s out of this world.

Don’t tell me its inflation.

That’s only a valid argument when you are talking about air compressors…

M46BC

#79 Blessed_Canadian_Millenial on 04.21.21 at 7:33 pm

Someone correct me if I’m wrong, but isn’t it the case that 100% of all police killings would be avoided if the following 3 conditions are met:
1) Don’t do the crime
2) If being approached by the police, stay calm and respect their authority
3) If being taken into custody, don’t fight back

By doing the above, wouldn’t 100% of these unnecessary deaths be avoided? What am I missing?

#80 AM in MN on 04.21.21 at 7:33 pm

#48 MN vs. Chauvin on 04.21.21 at 5:17 pm

Oh yeah…and of course gun sales will have to go up in America. Police isn’t going to save you. GET A GUN!

———————————————–

Everyone I know has one (or more). The problem is ammunition if hard to find, especially the stuff everyone wants. It’s been sold out since the riots last spring.

When the Police in your suburban community lock it down and tell everyone not to call 911 because they can’t answer calls, you’re on your own. They did this last spring and everyone got mobilized accordingly, and still are.

#81 AM in MN on 04.21.21 at 7:39 pm

#66 Linda on 04.21.21 at 6:26 pm

So if our CB ‘owns’ 40% of all debt, does that mean we, the taxpayer, ‘own’ said debt? If yes, what would be the consequences if that debt were not repaid due to default? Mega recession? A society acting like extras in Mad Max? If we ‘owe’ the money to ourselves, does that make a difference in the outcome?

——————————————————-

Yes it makes a difference because it essentially becomes a default to the 60% of holders who are investors seeking a return.

Like so many 3rd world countries that have done exactly that, it leads to huge inflation/currency devaluation and higher interest rates.

Canada has mineral wealth and can thus kick the can down the road for a long time before this happens, but once the bond holders take over, well let’s just say they may not spend so much time on hearings before approving the next mineral extraction or transport project. Beggars can’t be choosers and today’s children will not have the control over their future that the present generation does.

Yes, it makes a difference when you spend money you don’t have!

#82 Faron on 04.21.21 at 7:43 pm

#74 Reg on 04.21.21 at 7:05 pm

@Faron

Catch 22: It seems rude not to reply when @ed, but The Jaguar has asked for Mercy and I dare not offend the delicate sensibilities of the pyooma.

#83 Richard on 04.21.21 at 7:44 pm

Garth,

Thanks for all your helpful information and comments.

I would only disagree with one thing. More than 1% of Canadians are getting vaccinated each week. With 316,000 doses today, it was a bit less than 1% of Canada’s population today alone. We may be around 5% of the population each week at the current rate.

Keep up your writing. It is appreciated!
Richard

#84 Flop... on 04.21.21 at 7:53 pm

#3 TurnerNation on 04.21.21 at 2:46 pm

For FLOP: we lost this WW3 fair and square. Occupied now

.Australians who try to use NZ bubble to travel to another country face imprisonment (9news.com.au)

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

Hey TN, yeah it’s nice rhetoric, I guess.

Didn’t the Canadian government threaten jail to anyone caught abusing CERB?

Cake Lady just laughed in our face.

Here is another 55,000 people hiding from the police in plain sight at a football game last weekend in Western Australia

https://m.youtube.com/watch?v=UMqnQeS8BHI

I am going to get my first COVID vaccination this weekend.

I’m scared.

What happens if my second head, that I had removed from being an inbred from Tasmania grows back…

M46BC

#85 Trojan House on 04.21.21 at 7:54 pm

#33 Faron on 04.21.21 at 4:16 pm

“My final thought is that I think there is some confusion between media bias and media sensationalism. They are not the same things.”

Yeah, they are sensationally bias.

#86 Wrk.dover on 04.21.21 at 7:58 pm

#55 Rogerhomeinspector on 04.21.21 at 5:48 pm
Interesting thing I heard today.

We’ve all heard how people are fleeing for far flung, affordable places like PEI and NB.

Owner of my shop told me today he had a conversation with someone at his kids baseball practice last night.

Fella was new to the scene because they had just moved here from NB. This, after moving to NB last year to do the whole work from home thing.

Funny though- one thing they didn’t take into account is small town NB absolutely sucks in the winter time. There’s very little pubic infrastructure like rinks and public pools. No big libraries and the programs that go along with it. Few restaurants and no movie theatre, arcade etc…

So now they’re back.

————————————–

Or they suck at life. This nation wasn’t built by city Borg living for herd recreation. The rural fun is in the self done growth of the homestead/portfolio.

#87 John in Mtl on 04.21.21 at 8:17 pm

@ Garth:
“The bankers say growth this year will be 6.5%. Just weeks ago the forecast was 4%. In the world of CBs, that’s elephantine.”

What would be the growth %-age if housing was removed from the equation? Is there any place to get this figure or do you have a “ballpark” estimate you could share?

#88 TurnerNation on 04.21.21 at 8:25 pm

Well there is a rumor going ’round of M-Law coming on Fri. That caught my attention. Then this.

https://www.cbc.ca/news/politics/emergency-debate-covid19-variants-1.5996788
Politics·Live
MPs hold emergency debate on COVID-19 variants

………….

Economic shutdowns till when? 2022-23. Get used to it
In my opinion…These are all the time-tested techniques toward full compliance. At 500 days fewer will demand back freedoms. After 600 days, fewer still.
Certainly not the young children age 3-10, who by then will have been trained on this. For 20-65% of their lifetime
700 days? NewNormal will have been acheived. Programming complete.

.660 NEWS Calgary
First-dose COVID-19 vaccinations may not be enough to fully re-open, says Tam
https://660citynews.com/2021/04/21/covid-19-vaccine-tam/
#HealthCanada #COVID19 #vaccine #nationalnews

.New directive allows officers to ID children in public gathering, Peel police say after incident (Ontario) (nationalpost.com)
…..

You will eat bugs – and be happy – by 2030? :-(

https://www.realcanadiansuperstore.ca/cricket-protein-bar-chocolate/p/21336964_EA

#89 Sunny Daze on 04.21.21 at 8:26 pm

If people in Canada are willing to pay ridiculous prices for everything because our government gave them free money and helocs is that really inflation? Or the toilet paper effect?

Grocery store today had prices I haven’t seem in years. $1 cantaloupe, $2 pineapple, $3 bag of avocados, junk food was all giveaways, meat basically the same as always and gas a big meh compared to last year. Online clothing seems super cheap.

Just my observation.

#90 crowdedelevatorfartz on 04.21.21 at 8:30 pm

My Goodness
How dare Rex Murphy suggest the Finance Minister put gender politics aside when creating the 2021 budget…..?

https://nationalpost.com/opinion/rex-murphy-the-finance-minister-needs-to-exercise-her-powers-equably-for-all-canadians

#91 mark on 04.21.21 at 8:34 pm

“About 1% of the population gets inoculated each week, and UK experience shows that at a level somewhere around 40% life gets a lot better.”

Hold on to your underwear, its not over yet, daily update from Dr. John Campbell.

https://www.youtube.com/watch?v=7_-8uTslpfQ

#92 crowdedelevatorfartz on 04.21.21 at 8:40 pm

@#86 Wrk.dovr
“Or they suck at life. This nation wasn’t built by city Borg living for herd recreation. The rural fun is in the self done growth of the homestead/portfolio.”

++++

Classic.
I have friends that have great vacations to wherever year in and year out .
Now?
Absolutely losing it…..!
I’m wondering how many of these rural homes will be “For Sale” in two years because they cant handle the isolation ( and a brutal Canadian winter can certainly escalate the feelings of “snow bound”)

But, with the internet at your finger tips and a few hobbies or volunteering…..busy busy busy….all winter long. .

#93 crowdedelevatorfartz on 04.21.21 at 8:43 pm

@#84 Floppie
“What happens if my second head, that I had removed from being an inbred from Tasmania grows back…?”

++++

We’ll name it “Coppie”

#94 Alphonse Kehaulic on 04.21.21 at 8:43 pm

@TurnerNation

Thanks for the props but I get no joy from being right on this one. Kanadians got slushies for brains?

REUTERS article: Canada Border and Hotel Quarantine and Flight Ban Extended to 21st May

(5/21 = 8. Infinity.)

In other words: no end to your lockdowns. Where have I heard that before

#95 greaterfool on 04.21.21 at 8:52 pm

our house-lovers Canadian and politically right government will not disappoint me. Rates will not go up enough to cooldown the housing market.

If so, what else can our Canadians be proud of? what else can our Canadians do? No Way!

#96 Km on 04.21.21 at 9:14 pm

@thebigreturn

Many people keep their AB. plates on a year or so after moving to BC as it is so much cheaper. I do not get this us vs them mentally with other provinces, you do realize that the line on the map doesn’t actually exist in real life right?

#97 crowdedelevatorfartz on 04.21.21 at 9:17 pm

Justin Trudeaus response to International Flights arriving daily at Vancouver with KNOWN covid positive passengers.

“We’re going to continue to look at it.”

As BC goes into another economy crushing lockdown……

What a totally incompetent, useless response to the endless Covid Summer.

Remember this incompetent incumbent at election time folks……

PS.
I’d like to give a “thumbs up” to CrowdedelevatorCoffee for reminding me I should comment more often.

#98 ImGonnaBeSick on 04.21.21 at 9:26 pm

Wow.. Foron… Take a break. It’s been a year(s) of this and you’re still as irritating as ever… I thought you were going for that walk already…

#99 the Jaguar on 04.21.21 at 9:27 pm

@#77 bdwy on 04.21.21 at 7:26 pm

I think you need one of those ‘dog whisperers”, not the ramblings of the Jaguar. Sadly, I do not currently own either cat or dog primarily due to a bit of a ‘gypsy’ lifestyle. ( Can I still say gypsy, or is that on the woke hit list?). Lucky for me I have family and friends with both, and I am able to enjoy their company.

I once knew a golden retriever who was deathly afraid to go down stairs due to a little bit of a ‘slip’ on a hardwood floor staircase as a puppy. Slippery floors seem to cause panic in many dogs. Years went by, but all the coaxing ,treats, and other attempts to help the dog get over the fear never really had much impact. I sometimes think that once a dog learns a lesson, it never forgets it. Too bad humans couldn’t adopt this quality, though some are quite practiced in the ‘grudge’ department.

So maybe Juno had a bad experience with a loud bang and just can’t let it go (?). I know some human adults that must sleep with ‘white noise’, i.e a radio or television on in the background. I’ve never understood that, but they cannot sleep without it. Silence is uncomfortable for them. ‘Calling Dr. Freud…”

My only thought would be that if she “went from living in the front yard greeting everyone” and you think easing her back into that environment would make her happier, then maybe plant yourself out in that front yard and do the same. She won’t want to be away from you, and maybe the memories of how much she enjoyed it will come back to her.

But what does a Jaguar know? Sail Away knows dogs, and I think you will get some good replies….

Since we’re on this topic, can anyone please explain the psychology behind why Faron is so obsessed with the Jaguar? I generally stay out of his little spats and meanderings on everything from stock market shorts, climate change ideas, and other progressive thoughts. But everytime I turn around I hear him scratching at the door. He knows to expect a different view from me than the ones he holds. Shouldn’t that be enough?
Mercy.

#100 Lamb on 04.21.21 at 9:31 pm

Toronto failed this renter and newcomer:
https://tdotcommunity.ca/project/guarding-his-home/

400,000 more this year will suffer the same fate as this man.

#101 Tyberius on 04.21.21 at 9:33 pm

Someone…anyone, please enlighten me! I’m trying to explain what’s going on to my children, but I can’t.

What is the scientific principle in enforcing travel restrictions across BC including campgrounds?
I always thought that getting out of the city and into nature was a positive for the health – on many facets.
Is Covid lurking in forests and mountains?
Or…is it all about what Turnernation has been posting?

https://www.cbc.ca/news/canada/british-columbia/bc-new-travel-restrictions-1.5993919

#102 Stone on 04.21.21 at 9:35 pm

#51 Pietra Nera on 04.21.21 at 5:27 pm
Stone..

There is only one solution. Full minimum 14 day quarantine in a gouvernment run facility. And paid in full, in advance, by the incoming traveller. No exceptions..

_____________________________________

Dude, in other times I would have said that u are just another IQ challenged person. Now I am pretty sure that your certifiable low IQ is in that meaty part of the Gauss curve consistent with 50% of the Canadian population that still wears masks outdoors…loool

Did u graduate kindergarten at least??

———

Why would I wear a mask outdoors where it isn’t crowded? Are you stupid?

Just consider this. Kanaduh spent nearly $400 billion so far and cratered the economy regardless. They will spend many hundreds of billions of dollars more for many years to come because our feckless leaders didn’t have the balls to protect its citizens and make sound decisions.

Would it could cost $400 billion to impose a mandatory gouvernment regulated quarantine to keep out a virus from our country when this started? And ongoing?

And don’t tell me our great leaders couldn’t foresee this. Many other countries did. Unfortunately, our gouvernment didn’t want to piss off the Chinese gouvernment and therefore left our borders open. And for that, over a million Canadians have fallen ill from covid and almost 24,000 of them have died so far. Apparently, Vietnam, a 3rd world country, can do a much better job at getting their shit together. 2600 ill and 35 dead. Riddle me that one, Batman.

I was taught to think independently, not accept bovine drivel taught in a 3rd rate school system you seem to think so highly of.

#103 the Jaguar on 04.21.21 at 9:35 pm

@#77 bdwy on 04.21.21 at 7:26 pm

Maybe try playing ‘bag pipes’ music. The ‘Blackwatch’. The number JFK loved. That might work.

#104 Nonplused on 04.21.21 at 9:46 pm

#79 Blessed_Canadian_Millenial on 04.21.21 at 7:33 pm
Someone correct me if I’m wrong, but isn’t it the case that 100% of all police killings would be avoided if the following 3 conditions are met:
1) Don’t do the crime
2) If being approached by the police, stay calm and respect their authority
3) If being taken into custody, don’t fight back

By doing the above, wouldn’t 100% of these unnecessary deaths be avoided? What am I missing?

————————————

You are missing the fact that somewhere between 2-5% of the population are psychopaths. Some traits common in psychopaths are a disregard for the law or indeed any rules, extreme risk taking behavior, a lack of empathy, a very high view of their own self worth but not of others, a high propensity towards violent and criminal behavior, and a sense of entitlement. This is why you often find them in positions of power at large corporations or in government, but also in street gangs.

These people are not going to believe your 3 rules apply to them. They may act accordingly, but only if they are running for election.

#105 u on 04.21.21 at 9:47 pm

Confidence is quiet, insecurity is loud.

#106 Ponzius Pilatus on 04.21.21 at 9:49 pm

#97 crowdedelevatorfartz on 04.21.21 at 9:17 pm
Justin Trudeaus response to International Flights arriving daily at Vancouver with KNOWN covid positive passengers.

“We’re going to continue to look at it.”

As BC goes into another economy crushing lockdown……
————-
Exaggerate much?
Schools, which are the most important part of society, are still fully open.

#107 rknusa on 04.21.21 at 9:53 pm

like I said #57 Tiff the Stiff is going to let inflation run hot to save the housing market

In a nutshell, the central bank has quietly just signalled that it is prepared to let inflation run warm, if not exactly hot, in the postpandemic recovery – and that the arrival of 2-per-cent inflation will not necessarily trigger immediate interest-rate hikes to keep inflation on target.

https://www.theglobeandmail.com/business/commentary/article-with-new-projections-bank-of-canada-signals-its-willing-to-be-flexible/

#108 McSteve on 04.21.21 at 10:08 pm

Locked down in Ontario…watching planes from COVID Hotspots land in Pearson…..

#109 Time Traveler on 04.21.21 at 10:33 pm

Right on rates. But WTF….who cares right? Thousands more are expected to die and Trudeau has denied all responsibility. Frankly I don’t care either. Making money is the game, and it’s every man for himself. Disagree entirely on the recovery timing and expectation, but who cares, we use the Magna Carta for toilet paper these days.

https://nationalpost.com/opinion/terry-glavin-federal-budgets-sorry-doesnt-cut-it-for-trudeau-governments-covid-failures

So what if snowbirds are being treated like criminals upon returning to Canada when at the same time flights from India are Covid Snot Bombs straight into the face of your community.

On the rate front, I own a Preferred ETF that uses a derivative strategy to encompass all North American financials and has managed to return over 13% paid monthly over three years . It’s paying over 15% today. So why should I care about the dead piling up, and the deadliest Variants seemingly ushered in, no one else does.

#110 Joseph R. on 04.21.21 at 10:44 pm

#66 Linda on 04.21.21 at 6:26 pm

So if our CB ‘owns’ 40% of all debt, does that mean we, the taxpayer, ‘own’ said debt?

——————————————

It means the debt is in $CAN, which creates a demand for Canuck money.

That’s the difference between debt in an First World Economy and a Third World Country; they have to use a reserve currency ($USD, Euro, CNY) to pay their down their debts.

$CAN is also the only currency that CRA accept as payment of your taxes; They won’t take Freedom dollars or Dogecoins. That to creates demand for Canuck money.

#111 1255 on 04.21.21 at 10:53 pm

The market hasn’t turned any corner – it’s going around in a circle. People are still going crazy for houses.

Don’t expect it to stop until the free money stops and new taxes kick in. That is still years away.

#112 C8.R on 04.21.21 at 10:57 pm

#77 bdwy on 04.21.21 at 7:26 pm
“I GOT MY DOG ON THE BLOG!!!!!!!
but there is a big problem with her hearing other things that has caused her to be very stressed/anxious alot of the time. far away sounds, … any other dog pychology types out there i’m all ears.”

——————–

@bdwy, beautiful dog. I have 8yo border collie. A rescue at 2 yo. I can totally relate. They hear sounds we can’t were for sure, like distant thunder and fire works, they give my dog anxiety so she has come to find her ‘safe place’ in our house which she choose to be our m/b walk-in closet. On those stat holidays with persistant fireworks, that’s where she wants to be. We learned not to keep her contained in any room if we are out and there is a storm or fireworks, she was sleeping once when we left for 2 hours, and we came back to her out of the room, metal door knob chewed clean off, door trim in ruins. Border collies also here sounds that summon their ‘prey drive’ which is really strong… our dog can hear squirrels and sea guys and really really hate black starrings for some reason. The hair on her should stands on end and becomes anxious and unable to relax. We use the line ‘you are fine’… and with repittion and attention during thoses times, now she looks up at us when she hears some noise in the distance, in an anxious stare waiting to be reassured, she is fine, and then all is well. We used to say in the evenings, when she was young, ahh there’s our “after-8 Bella’ because she had so much energy she did not calm down until 8 pm. Since 5yo, she is well mannered and comfortable, except for those [email protected] starings.

#113 MN vs. Chauvin on 04.21.21 at 11:05 pm

#60 leebow

You have no idea what it is when injustice is a farce. The crap you are pushing is toxic product coming out of Russia Today and other Putin’s orifices. You are what Lenin called a useful idiot.

——-

Forgive me, I was holding US Justice to a higher standard, obviously mistakenly. It’s not like some of the places you’re pointing out, but it just got much closer with this “trial”. Funny that it’s called a trial actually…as if they are seeing if this version of justice will work…trying it out…testing it.

——–

#80 AM in MN

The problem is ammunition if hard to find….

———-

I hear that indeed. My relatives are pleased they had a lot of inventory on hand before the pandemic, including for their AKs. I guess it’s not such a bad idea to hoard. Each time I get a fun photo of them holding the Ads I always seem to have the same thoughts. “How is owning this gun legal?” Followed by “If I lived there, I’d probably buy one too…since it’s legal.”

#114 MN vs. Chauvin on 04.21.21 at 11:10 pm

#60 leebow

You have no idea what it is when injustice is a farce. The crap you are pushing is toxic product coming out of Russia Today and other Putin’s orifices. You are what Lenin called a useful idiot.

——-

Forgive me, I was holding US Justice to a higher standard, obviously mistakenly. It’s not like some of the places you’re pointing out, but it just got much closer with this “trial”. Funny that it’s called a trial actually…as if they are seeing if this version of justice will work…trying it out…testing it.

——–

#80 AM in MN

The problem is ammunition if hard to find….

———-

I hear that indeed. My relatives are pleased they had a lot of inventory on hand before the pandemic, including for their AKs. I guess it’s not such a bad idea to hoard. Each time I get a fun photo of them holding the AKs I always seem to have the same thoughts. “How is owning this gun legal?” Followed by “If I lived there, I’d probably buy one too…since it’s legal.”

#115 mark on 04.21.21 at 11:28 pm

Just got my vax conformation, not happy about this.
In northern bc small city currently the number one spot for covid cases, Dawson creek bc, pushing 60, so tired of this, see what happens. Our case count is about 554 cases per 100,000 people, we beat Ontario?

#116 april on 04.21.21 at 11:35 pm

According to Ross Kay homes prices did not increase 31%,not even a third of that…. “magic math”. Why is the real estate industry allowed to practise such deception and get away with it.

#117 Nonplused on 04.22.21 at 12:07 am

#187 Trojan House on 04.21.21 at 1:31 pm
#177 TheDood on 04.21.21 at 12:19 pm

By the way, Dood, I forgot to mention, what if GF had just not resisted arrest and gotten into the cop car as instructed? If he had done that in the first place, none of this would have happened.

—————————————

I think this is part of the reason first degree murder charges were not brought forward. There is no way to prove that Chauvin arrived on the scene with a plan to do some killing. Instead, he arrived on the scene to find 2 rookies dealing with a very large man who was actively resisting arrest. Then he, in the heat of the situation, made a very large mistake.

And I wish people would stop saying that Chauvin was conclusively on Floyd’s “neck”. The other video, taken from a different angle, shows Chauvin on Floyd’s shoulder. It’s a “camera perspective” issue. Not sure that makes things any better though. Neck, shoulder, back, Floyd still died. And he died to close to when the restraint was applied to rule out the hold having been causal or at least contributing. Maybe Floyd was going to die from a drug overdose anyway. But it would hard not to believe the actions of Chauvin was not a contributing factor.

And I can understand the jury decision regardless of the facts. This trial was so political that no sane person would have found “not guilty” for fear of their life. “Guilty on all counts” is a big “f-you” to the judge and system that put them in this situation. Would you hang the jury knowing Antifa will have burned your house down by the time you got home?

#118 Tom from Mississauga on 04.22.21 at 12:14 am

Having a show up job in Peel Region it sure is nice to read something reassuring this will be over soon. Regional government is investigating over 100 active workplace outbreaks. I’m 46 and signed up for the AZ jab, god, I hope they call me.

#119 AB on 04.22.21 at 12:17 am

#79 Blessed Canadian Millenial
Your family must be very proud of you. Always a joy to read your comments. I just skip over that Faron and Sail Away to try to read the gems. And Garth is gem too even if he is a Laurentian elite.

#120 Where's My Money Going Greedeau? Cake And Ice Cream! on 04.22.21 at 12:37 am

Excellent John Ivison piece comparing Trudeau’s giveaways-“More cake anyone?”
I feel like I’m on the old Oprah Winfrey Christmas Giveaways.
Remember, “You get a car, and you get a car”?
https://nationalpost.com/news/john-ivison-more-cake-anyone-how-about-another-scoop-of-ice-cream

#121 Scott on 04.22.21 at 12:58 am

@ #50 Faron on 04.21.21 at 5:23 pm

11 thus far. Over 10% of the comments today are from you.

I’ll leave it at that, no reply necessary. I think even the freebie guru Garth may consider charging you something at a dozen.

#122 Dr V on 04.22.21 at 1:53 am

66 Linda – In her book “The Deficit Myth”, Stephanie Kelton explains how MMT sees government debt when that debt is issued in a county’s own sovereign currency.

Many commenters here will “own” some Canadian
government debt in their B & D portfolios. We see
these as “savings”. Now the government could extinguish this debt at any time, simply by “printing” the money and having it show up in your savings account.

But what would this actually do? People invest in GOC bonds for a (very) small return, and a high(!) degree of safety, and for varying lengths of time. They don’t want or need the cash at the moment, so very little of it would circulate, so MMT argues this would not cause inflation.

Yet the debt would be paid off.

I also like Kelton’s version of the trade deficit. Let’s print money, give it to China, and in return they give us stuff. China then gives the US their own money back
in exchange for treasury notes. How is this not a good deal for the US?

#123 BigAl (original) on 04.22.21 at 2:19 am

So is now the time to switch a mortgage from variable to fixed?

#124 BillyBob on 04.22.21 at 4:47 am

#63 the Jaguar on 04.21.21 at 6:21 pm
9 out of 48….is that a record, Garth?
Holy mother of dog! There are no words! Well….except maybe ‘Mercy’.

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

It’s like a bad smell or an irritating noise that somehow gained sentience. Just self-aware enough to discover that it can get a bit of attention, so it’s ego won’t allow it to go away. (Also matches the description of a toddler.)

I’m actually not quite sure if he’s just trolling now as a caricature, or serious and genuinely needs the 20 posts/day for personal validation. As you know from his RL identity, sadly, probably the latter.

Alas I must leave his daily spanking in the capable hands of Sail Away and others, there’s this thing called life that keeps making demands on my time. Be well!

#125 DC on 04.22.21 at 6:56 am

Hello Garth.

Always appreciate your insight and wit.

But what is up with this Faron person? Moderately aggressive in tone, and certainly excessive (must have had 10+ posts today alone). Seems to be an on-going theme with him/her. Gets hard to scroll past Faron’s posts because they are everywhere. Maybe he/she can ‘cool it’ for a little awhile.

#126 Wrk.dover on 04.22.21 at 8:01 am

#92 crowdedelevatorfartz on 04.21.21 at 8:40 pm

I have friends that have great vacations to wherever year in and year out .
Now?
Absolutely losing it…..!
I’m wondering how many of these rural homes will be “For Sale” in two years because they cant handle the isolation ( and a brutal Canadian winter can certainly escalate the feelings of “snow bound”)

But, with the internet at your finger tips and a few hobbies or volunteering…..busy busy busy….all winter long.

______________________________________

My wife’s problem is she volunteers right over the top, in president position in most cases, and all of her causes and a venue she oversees are shut down. Plus, she has a bone on bone knee, so her daily death march is forced down to only an hour a day. Glad I’m not her substitute hobby.

And yeah, Mr. Man we do miss our 3-4 flights to our favorite Jamaican beach/bars in the winter! The food, the live music, the shiney happy people….ahh!

Most CFA’s here go back to whence they came after they build the custom home on the ever more scarce vacant waterfront, for a handsome loss, because they want to watch the grandchildren grow up!

Anyone that hates small children and small dogs can’t be all that bad (W. C. Fields) is a useful mantra ignored by too many of the masses.

#127 Crowdedelevatorfartz on 04.22.21 at 8:29 am

@#106 PublicServantpromoter
“As BC goes into another economy crushing lockdown……
————-
Exaggerate much?
Schools, which are the most important part of society, are still fully open.”

++++
Funny, I thint the Nurses Union would argue that Health was the most important part of society at the present time.
While I agree that reading , writing and arithmetic are important….
I would struggle to consider the cash bonfire that is our current education system a net generater of funds, although the socially aware Teachers Unions would give me an apoplectic arguement to the contrary.

Have you poked your muzzle outside lately?

I was all over the Lower brainland yesterday, from 6am to 4pm.
Traffic was very light all day Wednesday.
Its was like driving on a Holiday.

The economy (Govts. ability to tax?) is bleeding red ink like a hemophiliac in a sword fight.

#128 Love_The_Cottage on 04.22.21 at 8:35 am

#118 Tom from Mississauga on 04.22.21 at 12:14 am
I’m 46 and signed up for the AZ jab, god, I hope they call me.
____
Tom, make sure you are signed up at multiple pharmacies. Shoppers, Rexall and any local /independents near you. I got mine from an independent days before the others call me.

#129 MT on 04.22.21 at 9:03 am

@IHCTD9 –

Yeah, I believe that. I’m waiting for a new motorcycle that I ordered some months ago. Was supposed to be here now-ish, but don’t expect to see it till July, maybe not this year at all.

#130 crowdedelevatorfartz on 04.22.21 at 9:30 am

And as a new strain of the Covid virus marches it’s way through the 1.1 billion people in India the jets keep landing at YVR.

https://www.cnbc.com/2021/04/20/india-coronavirus-second-wave-shows-no-signs-of-slowing.html

When asked why jets were still allowed to land our fearless and capable Leader Trudeau opined that, “Canada has been at the front of this and we are continuously monitoring the situation.”

https://globalnews.ca/video/7779119/trudeau-on-why-flights-continue-to-arrive-every-day-in-canada-amid-concerns-about-covid-19-outbreak

Perhaps he could contact his pals in the Communist Party of China to see how to implement effective lockdowns.

#131 Penny Henny on 04.22.21 at 9:31 am

you seem to have good insight to pups (despite the feline handle!), what should i do to help her?

any other dog pychology types out there i’m all ears.
//////////////

It may be worth a shot to try and desensitize her to the fireworks (Penny was the same way).
Get some youtube videos of fireworks playing with the volume on ever so lightly and start feeding her treats, high quality treats.
We had some success with Penny but it certainly didn’t get any better as she got older.

#132 Penny Henny on 04.22.21 at 9:32 am

-above is for bdwy

#133 Penny Henny on 04.22.21 at 9:34 am

another thing bdwy.
If you know there is going to be fireworks and you can’t get away from it try giving her some benadryl (check online for dosage) a couple hours before

#134 Sara on 04.22.21 at 9:34 am

#125 DC on 04.22.21 at 6:56 am

“But what is up with this Faron person? …. Maybe he/she can ‘cool it’ for a little awhile.”

I enjoy reading Faron’s comments.

#135 DON on 04.22.21 at 10:02 am

#101 Tyberius on 04.21.21 at 9:33 pm
Someone…anyone, please enlighten me! I’m trying to explain what’s going on to my children, but I can’t.

What is the scientific principle in enforcing travel restrictions across BC including campgrounds?
I always thought that getting out of the city and into nature was a positive for the health – on many facets.
Is Covid lurking in forests and mountains?
Or…is it all about what Turnernation has been posting?

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

https://www.comoxvalleyrecord.com/news/multiple-stabbings-at-comox-bush-party-2/

And to think some parents dropped their kids off in the middle of the bush.

The rules are the results of idiots.

#136 Dharma Bum on 04.22.21 at 10:21 am

I am leaving Canada.

I am moving to Alberta.

#137 Sail Away on 04.22.21 at 10:26 am

#77 bdwy on 04.21.21 at 7:26 pm

Re: Juno and noises

Sensitivity to sudden noises is a fairly common dog issue that can take time and consistency to change, but it can be done. The best would be to send her to a hunting trainer for a few months- the combo of new environment, new people and directed training would likely work. You would have to follow the trainer’s exact instructions afterward.

Let me know if you want names of reputable trainers. Might be road trip time. Could take 2-3 months to resolve the issue.

You can also do it yourself, but would need to break the cycle. Most owners are unsuccessful with absolute consistency for the time needed as the dog psychology doesn’t always make sense to them, resulting in inconsistency.

#138 Faron on 04.22.21 at 10:48 am

#124 BillyBob on 04.22.21 at 4:47 am

#63 the Jaguar on 04.21.21 at 6:21 pm

@The Jaguar

Look at the record. Only time I acknowledge your existence is when you threaten a Dox or mention me. Rethink who’s obsessed.

@BillyBob

I don’t think failing to understand race vs ethnicity equates to delivering a spanking. Mayne to someone who has beclowned himself it does.

@et al: My billions of posts were replies and substantive and factually correct. If they happened to align with your views, you would cheer them. Far better than griping about Stone’s returns IMO. Scroll for cripes sake

#139 G on 04.22.21 at 11:10 am

As the years have gone by my option of this MP has gotten much better.
This on budget, Jobs, inflation…
MP, Pierre Poilievre

A modern idea that’s thousands of years old. 9.5min
https://www.youtube.com/watch?v=62JSstSp-qA

New federal debt since 2020: $354B
Share of it bought by central bank: $302B — or 84%.
Face it: this government has embraced the crackpot “Modern” Monetary Theory of paying bills with printed cash.
A modern idea that’s thousands of years old.

#140 IHCTD9 on 04.22.21 at 11:21 am

#129 MT on 04.22.21 at 9:03 am
@IHCTD9 –

Yeah, I believe that. I’m waiting for a new motorcycle that I ordered some months ago. Was supposed to be here now-ish, but don’t expect to see it till July, maybe not this year at all.
___

Yep, new quads are in low/zero supply too. I’ve just started favoriting some of these overpriced machines on Kijiji to see if they are selling – as opposed to a bunch of guys just fishing for dollars. If most are moving in a week or two – I think mine will go on the block as well.

#141 IHCTD9 on 04.22.21 at 11:39 am

I think the pandemic is starting to really affect me. Lately, in addition to hawking the quads, I’ve started thinking of selling my sweet mint Sierra 2500HD too. Used truck prices are way up, and I’m starting to get tired of feeding the 496 cubic inch V8 under da hood.

I’m thinking I’ll go back to my roots: Old beaters – maybe really old. Still a truck though, hopefully a diesel this time.

Faron – what colour should I paint it? I’m thinking Tactical Black, Olive Drab, or maybe Desert Tan.

#142 Republic of Albertastan on 04.22.21 at 11:45 am

136 Dharma Bum on 04.22.21 at 10:21 am
I am leaving Canada.

I am moving to Alberta.

Rat free since confederation….

#143 Ford crying? on 04.22.21 at 11:45 am

WTF

please resign…PLEASE

#144 Wrk.dover on 04.22.21 at 11:48 am

https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html

#145 William Tells It on 04.22.21 at 11:49 am

The much talked about Debt to GDP ratio is very important. It is a reflection of Canada’s financial position in the world.

However starting with the Harper regime and continuing with Trudeau…HOUSING has been made a part of GDP.

This is WRONG!

Imagine Canada’s Debt to GDP if housing was not included in GDP!

Is it any surprise to see that they keep interest rates low to continue to inflate housing prices and thereby hide / falsify the REAL GDP?

Seems to me that Sleazy politicians have basically bankrupted your country.

Canadians….You’ve been had.

#146 Mattl on 04.22.21 at 11:59 am

#116 april on 04.21.21 at 11:35 pm
According to Ross Kay homes prices did not increase 31%,not even a third of that…. “magic math”. Why is the real estate industry allowed to practise such deception and get away with it.

————————————————————–

Ross – consider posting under your real name. This April schtick – where she drops your name every day in the comments – is getting old. You have also been embarrassingly wrong on RE for a decade.

#147 Sail Away on 04.22.21 at 12:05 pm

#138 Faron on 04.22.21 at 10:48 am

I don’t think failing to understand race vs ethnicity equates to delivering a spanking. Mayne to someone who has beclowned himself it does.

——-

Faron, you brought up ethnicity and I spoke to that from my experience. You immediately changed the conversation to skin colour and beat that horse to death.

A real issue is that you get so caught up in your own head that you create strawmen out of whole cloth to annihilate.

Reread the comments. You’re screaming about something in your imagination. Relax.

#148 Dr V on 04.22.21 at 12:13 pm

139 G – thank you for this video

#149 Sail Away on 04.22.21 at 12:18 pm

#138 Faron on 04.22.21 at 10:48 am

I don’t think failing to understand race vs ethnicity equates to delivering a spanking. Mayne to someone who has beclowned himself it does.

———-

And further, google Vin Diesel 1985. The way one presents, or chooses to present, is often a conscious choice for a reason. Don’t presume to have knowledge about something you don’t.

Challenge me to a ‘tan-off’? First, you’d lose horribly; and second, f-off.

#150 Penny Henny on 04.22.21 at 12:21 pm

#134 Sara on 04.22.21 at 9:34 am
#125 DC on 04.22.21 at 6:56 am

“But what is up with this Faron person? …. Maybe he/she can ‘cool it’ for a little awhile.”

I enjoy reading Faron’s comments.
///////////////

get a room. chatroom of course

#151 IHCTD9 on 04.22.21 at 12:34 pm

#143 Ford crying? on 04.22.21 at 11:45 am
WTF

please resign…PLEASE
__

Hey, it works for Trudeau and Freeland…

#152 BillyBob on 04.22.21 at 12:43 pm

#138 Faron on 04.22.21 at 10:48 am
#124 BillyBob on 04.22.21 at 4:47 am

#63 the Jaguar on 04.21.21 at 6:21 pm

@The Jaguar

Look at the record. Only time I acknowledge your existence is when you threaten a Dox or mention me. Rethink who’s obsessed.

@BillyBob

I don’t think failing to understand race vs ethnicity equates to delivering a spanking. Mayne to someone who has beclowned himself it does.

@et al: My billions of posts were replies and substantive and factually correct. If they happened to align with your views, you would cheer them. Far better than griping about Stone’s returns IMO. Scroll for cripes sake

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

Yes, yes, we know…anyone who doesn’t agree with you is a “clown”. Strong counterpoint, noted.

Such telling neediness. Just as I thought. As I’ve said before, your partner really does have a type.

#153 april on 04.22.21 at 12:45 pm

#146 – Ross Kay does not comment on this blog site. That is his real name.
You’re obviously a realtor.

#154 Love_The_Cottage on 04.22.21 at 12:49 pm

It looks like the 12 year old girls who are regular posters here are running out of insults. Here’s a suggest for you to try next time: I’m rubber and you’re glue. Everything you say bounces off me and sticks to you.

Jeez.

#155 zxcvbnm on 04.22.21 at 12:56 pm

Garth, could you please ban Faron & Dolce Vita from posting for awhile? I think I speak for most when I say we’re sick to death of their inane spamming.

#156 Blessed Canadian Millenial on 04.22.21 at 12:59 pm

#104 Nonplused on 04.21.21 at 9:46 pm
#79 Blessed_Canadian_Millenial on 04.21.21 at 7:33 pm
Someone correct me if I’m wrong, but isn’t it the case that 100% of all police killings would be avoided if the following 3 conditions are met:
1) Don’t do the crime
2) If being approached by the police, stay calm and respect their authority
3) If being taken into custody, don’t fight back

By doing the above, wouldn’t 100% of these unnecessary deaths be avoided? What am I missing?

————————————

You are missing the fact that somewhere between 2-5% of the population are psychopaths. Some traits common in psychopaths are a disregard for the law or indeed any rules, extreme risk taking behavior, a lack of empathy, a very high view of their own self worth but not of others, a high propensity towards violent and criminal behavior, and a sense of entitlement. This is why you often find them in positions of power at large corporations or in government, but also in street gangs.

These people are not going to believe your 3 rules apply to them. They may act accordingly, but only if they are running for election.

—————–

Well, of course. Your reasoning makes absolute sense.

But does this mean that we can never stop these unnecessary killings? What is your proposal then?

#157 Cabbagetown Carly on 04.22.21 at 1:04 pm

Fire Ford. Now.

https://www.ontariondp.ca/resign-ford?akid=148.551123.XJ-GAp&rd=1&t=2

#158 Faron on 04.22.21 at 1:06 pm

#147 Sail Away on 04.22.21 at 12:05 pm

#138 Faron on 04.22.21 at 10:48 am

The record shows you have repeatedly conflated your Hispanic-ness with being racially profiled or not. You’ve noted your olive skin colour numerous times here. You have conflated these two things and I’ve exploited that conflation to point out the inconsistency esp with the photo evidence of your actual complexion which is relevant because you brought it up yesterday. You use your Hispanic heritage as a means of “proving” that colour doesn’t matter, but your colour is white AF. So, you have no basis for lived experience as ity pertains to being pre-judged. Being able to tease out confused lines of thinking like yours is not setting up straw dogs, in some cases it means revealing lies and half truths.

#181 Sail Away on 04.21.21 at 1:03 pm

I am Hispanic and have never been targeted.

At the very least, you and I start with equal grounds for talking about being profiled based on skin colour and lived experience. That basis is zero. From there it’s a willingness, or not, to learn from others. That’s the best I can do and it’s damn sure the best you could do. You choose not to do it.

#159 Faron on 04.22.21 at 1:11 pm

#152 BillyBob on 04.22.21 at 12:43 pm

BB, you have spent numerous posts exclusively picking at me rather than having a substantive debate about, well, anything aside from narcissistic details from your own life. Come back when you have something useful to say. And if you are afraid to say it because you know your stance will be dismantled by me or others, well, that’s all we need to know. Have a nice day.

Finally, it’s a glaring and damning that y’all are picking at me when Chauvin vs MN has written an equal word count. At least your biases are crystal clear as are mine I presume.

#160 the Jaguar on 04.22.21 at 1:13 pm

@#152 BillyBob on 04.22.21 at 12:43 pm

What’s really pathetic is the bit about the ‘Dox’. Dox is an “ANTIFA” word. Andy Ngo devotes a whole chapter to it in his book. Doxing means to reveal someone’s identity.
I wouldn’t do that. But as I pointed out in an earlier post, Faron ‘doxed’ himself in one of his self contratulatory and boring posts earlier this year. I have offered to post the reference – date , time etc. , but he hasn’t taken me up on the offer. I wonder why?

Would you like that posting reference, Faron? You and everyone else can read it again and draw your conclusions. You are your own ‘doxer’, silly ass.

#161 Faron on 04.22.21 at 1:18 pm

On topic: Biden announces capital gains tax bump. Makes it much more palatable up here although it could give Canadian equity markets an edge if the tax isn’t changed here.

#162 Sara on 04.22.21 at 1:25 pm

@Faron,

Don’t let the naysayers bring you down. They’re attacking because you threaten their – mostly warped – world views.

#163 Faron on 04.22.21 at 1:46 pm

#160 the Jaguar on 04.22.21 at 1:13 pm

I know I’ve doxed myself. What is disgusting is that you and BB are so fragile and fearful about words here that you’ve held it over my head. I’m embarrassed for you. Doxing is a gamer/internet term. It’s a weapon of the weak. Ngo uses it frequently when his garbage is revealed for what it is. And no, I’m not antifa. Stop clutching your pearls.

#164 Sail Away on 04.22.21 at 1:57 pm

#138 Faron on 04.22.21 at 10:48 am

[SA] You’ve noted your olive skin colour numerous times here.

———-

Nope, that was all you. I’ve spoken about ethnicity and ethnic identity.

As mentioned, screaming at your imagination.

Quit explaining to me that my Hispanic heritage has no effect on my life experience. That’s not your story to tell, you presumptuous jackass.

#165 Faron on 04.22.21 at 2:42 pm

#164 Sail Away on 04.22.21 at 1:57 pm

Nope, that was all you

That’s an outright lie. I’ll dig up the posts tonight if you care to revisit this. I’m done with you/this for now.

#166 Sail Away on 04.22.21 at 4:43 pm

#165 Faron on 04.22.21 at 2:42 pm
#164 Sail Away on 04.22.21 at 1:57 pm

Nope, that was all you

——–

That’s an outright lie. I’ll dig up the posts tonight if you care to revisit this. I’m done with you/this for now.

——–

Well, with that assertion, I guess proof is required.

Email me your apology to avoid cluttering Garth’s blog.

#167 Jack Manning on 04.22.21 at 7:25 pm

When I see a 8.5% to 9% 5 year GIC rates like back in 1993 to 1994 and inflation rates at 3.5% to 4.25% then we will be back to the real good old days.

#168 Don on 04.22.21 at 11:40 pm

” Lies, damn lies, and you have statistics.” Growing at 6.5%. Yea, right.
HOld on my dear greater fools, for this is nothing but a farce. Rates are going nowhere If the US doesn’t move. We cannot even wag a pinky without the big brother’s nod. Do we want a stronger CDN dollar. No, we don’t. They cannot touch rates without killing whatever is left of the economy and mom-and-pop shops. The government is just blowing hot air, hoping that greater fools will listen and soften the housing market without firing a shot. This is nothing but fear-mongering. Housing will run hotter, once out of corvid restrictions. Come next year, (after the election), they will say, “we are going to wait and see”. Nothing really will happen. Oh, I forgot to mention the “fourth wave”. Darn!. So chill.

#169 KLNR on 04.23.21 at 1:59 pm

@#155 zxcvbnm on 04.22.21 at 12:56 pm
Garth, could you please ban Faron & Dolce Vita from posting for awhile? I think I speak for most when I say we’re sick to death of their inane spamming.

if you don’t like their pov just scroll past.
quite easy really.