The reentry

Fourteen months ago this pathetic blog said pandemics are temporary. They suck hard. Then they pass. None has ever been permanent. Just wait. Stay invested. Wear your mask. Chill.

This one’s now in the process of cresting and retreating. Vaccines 1, bug 0.

But back in March of 2020 nobody seriously thought Toronto would still be locked down in May of 2021, that the RCMP would manning roadblocks in BC or pastors would be handcuffed in Alberta for holding a service. Meanwhile most Canadians look like alpacas because all the damn barbers are closed.

  This Covid thing has lasted so long that coming off it has created… issues. Government debt has gone off the cliff. House prices have inflated absurdly. Interest rates have crashed. Stock markets have soared. Millions have forgotten how to save, shower or wear pants. Downtown cores are ghost towns. Airports are empty. Small businesses are croaking. WFH companies, online retailers and the Big Tech guys have romped. Now we face questions about mandatory inoculations, vaccine passports and the return of WFW.

This week give s a case-in-point of the disruption faced as the virus retreats. Wall Street is moaning about a new Tech Wreck with the Nasdaq tanking. The problem? Investors see rapidly rising commodity prices as the global economy starts to reopen and inflation rekindles. That means nobody believes the CBs any more when they say interest rates will be suppressed for the next two years. Higher costs for raw materials and money means lower profits. And stocks respond.

The virus also did weird things to government. In Canada CERB funds flowed like the mighty Fraser River until there were billions stacking up in personal bank accounts. In the US spendy President Biden just sent a new round of $1,400 cheques to everyone. Household savings accounts in both countries are at the highest level in decades. Deficits in both have exploded. Biden has launched a new soak-the-rich plan to help pay for it.

Meanwhile government largesse has hit the labour market. There are currently 8.1 million open and unfilled jobs in the States – a new record. Fully 44% of small businesses report they can’t find enough people to work as the virus exits. The inevitable result will be higher wages offered. Inflation. Now combine that with today’s seriously-messed-up supply chain, insane prices for houses, lumber, puppies and Pelotons and you can see the problem. The guy renovating a duplex across the road form me just found out there’s a global shortage of heavy wire. He ordered two soaker tubs and has to wait 14 weeks. After thirty years of building stuff he is shocked at the price of plywood. Drywall. Tiles.

In other words, central bankers are losing it. An economy can run hot for only so long, until it melts. When a guy in Tofino pays $1 million above asking for a $1.4 million condo townhouse, or the Dow Jones index sets 24 all-time record highs in five months or a pretend-money coin with s Sheba Inu on it inflates 20,000% in twelve months or a collector pays $500,000 for the NFT of kid in front of a burning house in 2006, you know it. This is not a normal reentry.

Where is all this taking us?

Tech stocks seem to know. The post-Covid period (a few years, not months) will likely be characterized by swelling prices, a big spurt in consumer spending and seriously higher commodity prices. Wages will grow amid a labour shortage when restaurants reopen, planes fly again, vacations are a thing once more, you can shop for shoes and Justin gets his locks bobbed. Most of Canada’s GDPfter all, is comprised of the service sector – which was shuttered by Covid.

By the way, a reopening economy amid rising costs also means the 40% jump we’ve seen lately in corporate profits was no accident. As companies make more, P/E ratios decline. Suddenly an inflated stock market doesn’t look like a gorilla.

All this points to inflation – not hyperinflation (will never happen here), but a solid reading which will guarantee interest rates increase long before the late-2023 timetable you were given. Of course, higher money costs are the last thing needed when you’re $1.3 trillion in debt and spending $400 billion a year more than you earn – which is why 2022 will also be ushering in higher taxes in Canada.

More reasons to (a) lock in your mortgage, (b) take profits and (c) stuff your tax shelters.

Oh, and gas the car. More on that tomorrow.

About the picture: “I’ve been reading your blog for years and wake up every morning at 5am to start my day with coffee in bed (while reading your blog),” says Alanna. “I run the coaching program at Enriched Academy, an online curriculum to teach Canadians about financial literacy. We’re now working with the CFLPA, we’ve launched a pilot project with 3,000 high school students in Alberta, and are sharing our education with a lot of police officers, who have to go through our training as part of their overall training. Anyways, I wanted to share some pics of my 2-year-old Berner, George. He’s the sweetest and most cuddly dog. Please use whenever you feel!”

142 comments ↓

#1 Party on Garth on 05.11.21 at 2:17 pm

The link will take you to a graph on the Federal Reserve Bank of St. Louis’s website of the USA’s all sectors; debt securities and loans versus their gross domestic product, from 1970 to 2021.

https://fred.stlouisfed.org/graph/?g=DRmJ

#2 crowdedelevatorfartz on 05.11.21 at 2:23 pm

The green headed monster “Inflation” is about to roam the land…..be interesting to see if that drives a stake into the heart of the commission sucking vampire Realtors.

#3 S.O on 05.11.21 at 2:28 pm

Pipe line hack is causing some US gas stations to run out of gas which will lead to higher prices here…

#4 physicist on 05.11.21 at 2:33 pm

For most of Canada’s history, the federal Conservative party, through various schisms and mergers and name changes, has been the fiscal-conservative party of choice for fiscal-conservative voters.
It has been in power much of the time, and thus has monopolized its part of the Canadian political spectrum. However, because of the rapid riddance of the power of religion in Canada in recent decades, the remaining theocrats have packed the membership, and thus the selection of leadership, of the Conservative party. Consequently, the federal Conservative party has become the party of social conservatism, leaving no fiscal-conservative federal party.

#5 Faron on 05.11.21 at 2:34 pm

#139 Sara on 05.11.21 at 2:05 pm

Congratulations Sara!

#6 Ballingsford on 05.11.21 at 2:36 pm

Think I’ll fill the car today in case Line 5 goes down. What’s the chance of the courts ordering that though. If they did we are in big trouble.

#7 drydock on 05.11.21 at 2:40 pm

Fifteen days to flatten the curve:
17 March, 2020
421
days ago.

#8 Bezengy on 05.11.21 at 2:44 pm

Alanna. “I run the coaching program at Enriched Academy, an online curriculum to teach Canadians about financial literacy“

———————-

Awesome. Should be mandatory for every person running for public office.

#9 ogdoad on 05.11.21 at 2:44 pm

Let’s not forget the fomenting mental health issues in kinder and adults waiting to surface from months (in some cases more than a year) of learning and working in isolation – amazing we can do it, true dat! – but when your only social feedback comes from a screen, that spells psych bills.

OAN – 1M over asking in Tofino? Have they located all the squatters on the WCT yet?

Always a pleasure!

Og

#10 OriginalAlex on 05.11.21 at 2:45 pm

Incredibly good looking pooch today! Wow.

Also, bring on inflation, I am personally looking forward to it… But there will be pains for sure.

#11 IHCTD9 on 05.11.21 at 2:50 pm

#139 Sara on 05.11.21 at 2:05 pm
Yahoo! Today, my daughter got her acceptance letter for medical school at Queens. 87 applicants accepted out of approximately 5700 applications. So pumped. Just had to share with you dogs.
__

Congratz! It feels good to see the kiddies succeed eh?

Incidentally, my eldest had also received acceptance to Queens this spring. Maybe if he decides to attend, you and I might be family some day!

How would that grab you? :)

#12 JacqueShellacque on 05.11.21 at 2:50 pm

“But back in March of 2020 nobody seriously thought Toronto would still be locked down in May of 2021,”

Yet predictions still abound.

#13 IHCTD9 on 05.11.21 at 2:54 pm

#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

Tranquillo amigo. Gretchen doesn’t have a court order yet. Enbridge won’t budge without it.
___

Yeah, but I bet we see gas prices rise due to “uncertainty”…

I wonder if the boss would give me a raise because some things about the future can not be known?

#14 When Will They Raise Rates? on 05.11.21 at 2:55 pm

The Fed insists (as they lie through their teeth) that any inflation is “transitory” and thus they see no need to raise rates. In reality, the Fed is trapped and cannot allow rates to rise.

Buy all the things!

#15 turnipnation on 05.11.21 at 3:00 pm

Justin got what cut off?
I thought he lost them a long time ago…

In the (real) news today:

England back to normal in days.
https://www.bbc.com/news/uk-wales-57070519

Americans including California and New york too.
(any real news source, not one made up by a teenager in his bedroom in Ukraine…)

Doomscrollers = null points

#16 ElGatoNerodeYVR on 05.11.21 at 3:01 pm

Wow ,this is all great news for RE investors, more jobs than people, higher wages so you could afford to borrow more if interest rates stay low. Let the Greater Fool rally begin.
On a more serious note the lack of people is a big BS . There are enough people willing to work if the Recruiting departments will realize that for 90% of the jobs out there you actually do not need a degree ,or the useless MBA .No!!! a bachelor degree is not needed to work reception desk or order supplies and book travel , neither is one required for a warehouse manger or ..insert job here.
Second point is that companies especially the small businesses ( 10 million dollars and more yearly top revenue) have severely underpaid their staff for eons; so now ,given the pandemic people want to get paid what their living standards require, if you cannot afford to make basic living necessities from your job ..why work ?

#17 The joy of a beer gut on 05.11.21 at 3:03 pm

So guzzling beer the past 14 months in boredom may have been a bad idea!…

https://nationalpost.com/health/beer-bellies-linked-to-75-per-cent-higher-likelihood-of-severe-covid-19-symptoms-study

#18 TurnerNation on 05.11.21 at 3:05 pm

For Dolce and crew. My province is now suggestion ‘mixing’ of the different types. Totally different products, compositions, manufacturers, behaviors. See what happens.
You know car manufacturers do not recommend the mixing of even different grades of oil in an engine (5w 10w, etc), nor the mixing of regular vs. synthetic oil. And this is for the goop you drain out and away every 5-10k miles!

— What happened to ‘protect the vunerable and get on with our lives. Yeah, no. This is a reset.

“The American Diabetes Association says nearly 40% of COVID-19 deaths have been from those with the disease, while 90% of the hospitalizations have been people with diabetes or other underlying conditions.”

—-
—-
… Watch your travel rights…Here comes the soft sell/predictive stuff in the news.

“The Globe and Mail reports in its Tuesday edition that flights delivering passengers infected with COVID-19 into Canadian airports are now predominantly domestic routes, according to federal data on airplane exposures.
The results of the data analysis raised questions among public-health experts and political leaders about whether Canada needs to do more to stem the spread of COVID-19 from domestic air travel.”
© 2021 Canjex Publishing Ltd. All rights reserved.
…..

…..
Once again we are looking at permanent Economic lockdowns. Of course our elite UN-handpicked rulers will be heading to their cottages and yachts this long weekend. Roaring with laughter at us.

.Ontario’s top health official says daily case counts would have to be ‘well below’ 1,000 to lift stay-at-home order | CP24 (beta.cp24.com)

#19 Dolce Vita on 05.11.21 at 3:06 pm

“But back in March of 2020 nobody seriously thought…”

Memory lane and thank you to these Commenters whom sometimes I kick in the nards yet still enjoy.

Mar 8 2020 MSB Blog:

#76 Howard on 03.08.20 at 7:20 pm
I hope Dolce Vita is going okay…

#88 Sail Away on 03.08.20 at 8:08 pm
Of course he’ll be okay. Panic does not mean danger exists. Two entirely separate things.

#143 Ponzius Pilatus on 03.09.20 at 12:57 am
I hope Dolce Vita is going okay…
———-
I hope so too.
But I think he’s hiding in his Mama’s basement in Burnaby.

………………………………………

…and same thanks to the many others that cared in those dark days that ensued in Italia.

And YOU TOO Garth. You’ve always stood by me on & off of this Blog and for your gentle ways.

IT WILL GET BETTER CANADA.

It will heal. It will be invigorated. It will pick up the pieces and reinvent a better Canada. Always has. Always will.

Have faith in yourselves Canada as I do.

Ciao d’Italia

#20 Faron on 05.11.21 at 3:07 pm

#2 IHCTD9 on 05.11.21 at 2:54 pm

#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

Don’t be too quick to blame line 5. The hacking kerfuffle south of the border will probably have a spill over effect. No pun intended.

#21 Trojan House on 05.11.21 at 3:08 pm

“Vaccines 1, bug 0.”

I think it may be more like “spring/summer 1, bug 0.”

#22 Prince Polo on 05.11.21 at 3:17 pm

Not to mention tomorrow is the day that Michigan decides to grow an environmental/hypocritical conscience and block Enbridge from operation Line 5.

In other news, got the shot today at UofT – Mississauga.
Feels good to take one for society. Y’all remember society, right?

I still don’t feel the urge to use Bing search engine, so I’m not sure what all this Bill Gates mind control nonsense is all about…cue all the covidiots saying something stupid.

#23 Dogman01 on 05.11.21 at 3:19 pm

“Do we really need to have this discussion in public?”

“When it becomes serious, you have to lie,”- Jean-Claude Juncker

The origin of COVID: Did people or nature open Pandora’s box at Wuhan? – Bulletin of the Atomic Scientists
https://thebulletin.org/2021/05/the-origin-of-covid-did-people-or-nature-open-pandoras-box-at-wuhan/

They used the “big lie” to start a war in the 1990’s (Weapons of Mass Destruction), leading to 9/11, the US “forever war” and at least half a million deaths.

I suspect it is much more palatable to perpetuate the big lie in the case of the Covid Origin to prevent the uproar and questioning of our systems.

“The US government shares a strange common interest with the Chinese authorities: Neither is keen on drawing attention to the fact that Shi’s coronavirus work was funded by the US National Institutes of Health. One can imagine the behind-the-scenes conversation in which the Chinese government says, “If this research was so dangerous, why did you fund it, and on our territory too?” To which the US side might reply, “Looks like it was you who let it escape. But do we really need to have this discussion in public?””

#24 Rook on 05.11.21 at 3:19 pm

Let’s go from right to left, shall we? Off the top of my head:

* Beijing wants control over the China Sea and Taiwan

* Russia is doing what Russia does.

* They’re stacking bodies on the Ganges (let’s be honest, at a billion people, even one percent of a billion is still a huge number, even if a small percent)

* The temple mount is burning (or, it was). Isn’t this one of the signs of the End Times?

* More military people warned of a brewing civil war for France. Anybody remember in seventeen dickety doo when they had the last one? And who came after and what he did?

* Inflation everywhere

* Gas shortages in the US

* Civil war in the US (maybe)

* Political violence in the US

* Canada still needs more vaccines. Now.

* Surgeries are 3 or more years backlogged.

* Now a doctor on the COVID taskforce (not speaking on behalf of it) recommends we stop the AZ shots (NP article)

* Tam saying that even if you’re fully vaccinated you can still catch and spread covid, thus, continue wearing masks.

* Semi-conductor shortages world-wide – everything has a chip in it.

* Everything Garth alluded to here.

At the risk of sounding very (very) callous, given what’s likely coming next, I suspect we should have stayed open last year, paid the blood price for covid, thanked our lucky stars the mortality was as low as it was (not smallpox, or spanish flu), and been done with it.

#25 ValleyBoy on 05.11.21 at 3:24 pm

Is it inflation or supply shock as supply disruptions catch up. Some minerals may be in inflation ( copper EV boom ect). But to call inflation when we are having supply disruptions is wrong.

#26 Sail Away on 05.11.21 at 3:24 pm

#139 Sara on 05.11.21 at 2:05 pm

Yahoo! Today, my daughter got her acceptance letter for medical school at Queens. 87 applicants accepted out of approximately 5700 applications. So pumped. Just had to share with you dogs.

———-

Congrats and good luck to her!

#27 IHCTD9 on 05.11.21 at 3:27 pm

#21 Faron on 05.11.21 at 3:07 pm
#2 IHCTD9 on 05.11.21 at 2:54 pm

#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

Don’t be too quick to blame line 5. The hacking kerfuffle south of the border will probably have a spill over effect. No pun intended.
___

Never a shortage of calamities that affect the price of fuel for very long.

I expect a few more until the desired price per litre has been achieved.

#28 WTF on 05.11.21 at 3:31 pm

Trin moved to Ottawa and has done well in the government. He told me a story where he was send on a trade mission to Tokyo. They didn’t realize he knew Japanese. They said a lot of derisory about his heritage but stood quiet and learned what they were thinking.
—————————————————————
Ha, Former employees Dad was high ranking VPD. Told me a great one.

Several Years ago Royal Hong Kong Police sent two officers to Van to compare intelligence re the Chinese gang/ triad’s, Went to a restaurant lots of convivial backslapping. About an hour in one of the VPD took his comrades aside.” These guys have been slagging everything about us, Canada, Vancouver”. Went back to the table and in perfect Cantonese (he was white) told them they were booked on the next flight back to HK. Faces dropped, must have been a looong flight back for the arrogant jerks.

#29 Keith on 05.11.21 at 3:31 pm

@#4 Physicist

“For most of Canada’s history, the federal Conservative party, through various schisms and mergers and name changes, has been the fiscal-conservative party of choice for fiscal-conservative voters”

Well, fiscal-conservative by reputation. Actual track record, not so much. They are the tax cutter’s party of choice. Of course, cutting taxes is easy and popular. Balancing budgets provincially or federally, a rather different ballgame. Many have served, few have succeeded. Canada is a fiscal hawk’s nightmare, and changing the party in power brings no guarantees.

#30 Guelph Guru on 05.11.21 at 3:36 pm

Hope salaries keep pace with inflation. Otherwise, it would mean a drop in our living standard.
If salaries go up, then people can buy more Real Estate. So more upside. Looks like the leveraged RE investment was a smart thing to do. The realtors have been right so far.

#31 Sail Away on 05.11.21 at 3:37 pm

#11 IHCTD9 on 05.11.21 at 2:50 pm

…my eldest had also received acceptance to Queens this spring. Maybe if he decides to attend, you and I might be family some day!

———

Good work to him. Lots of options. The military college is also a good way to go.

#32 Billy Buoy on 05.11.21 at 3:45 pm

With all due to respect to our blog host, this by far is the best article I’ve read to date regarding our current situation: Thoughts?

https://ourfiniteworld.com/2021/05/04/how-the-worlds-energy-problem-has-been-hidden

#33 alexinvestor on 05.11.21 at 3:48 pm

One could reasonably claim there’s been hyperinflation in NFTs / pokeman cards. It happens when people believe it’s better to buy goods rather than sit on cash, so your neighbor might decide to buy up the next 2 years’ worth of drywall instead of just-in-time inventory. Enough people start thinking this way, velocity of money picks up and boom, hello much higher inflation. We’ve been so used to JIT inventory, so maybe everyone will assume things will go back normal. However once the inflation genie is out, it’s very hard to to stuff it back into the bottle.

#34 AM in MN on 05.11.21 at 3:49 pm

Stagflation is the name….welcome to the ’70’s again.
CBs helping the government print their way out of the mess.

Watch out “balanced and diversified” as both stocks and bonds tank, slowly over 10 years or so (unless a political reversal in the US). The destruction of energy production, but not consumption, in the western world is a good example of what is wrong.

Here’s a good one that explains it in understandable terms.

https://lawliberty.org/u-s-fiscal-profligacy-and-the-impending-crisis/

This is why Bitcoin was started.

#35 Wrk.dover on 05.11.21 at 3:54 pm

Oh, and gas the car. More on that tomorrow.

______________________________

How about filling the bath tub with gas too, good idea?

#36 Dolce Vita on 05.11.21 at 3:56 pm

I believe the wealthy nations Canada, USA, EU, Oz etc. will be out of the pandemic by fall with at least Herd Immunity.

Earlier with J&J exclusively. Here recently are the few J&J doses in Italia (data: jabs/day, jabs by vax type and total jabs):

https://i.imgur.com/m6OB0fh.png

Here’s hoping the Americans open up the spigot on J&J to Canada and get their manufacturing plant in order. Does not look to me so far J&J will come from the EU, no manufacturing problems to date. Then again who knows? The EU might export J&J – so far keeping it for themselves.

——————-

J&J 1 jab will make a huge difference for Canada.

Yesterday, J&J assumes Canada uses it exclusively from today onwards:

32M Beaves in need of jabs
16.5M jabs to date, single and double
47.4M doses to go at 2 jabs*
15.5M to go at 1 jab, J&J
Avg jabs/day past week = 300K

Do the math on your own. Should get Jul 1 or Oct 16 all done. Herd Immunity earlier.

——–

*Number seems weird since you have to take into account those with 1 jab that need a 2nd jab and those that have not been jabbed at all.

Write to the Americans to send 15.5M doses of J&J to Canada…yesterday.

All done by Canada Day then.

#37 Slim on 05.11.21 at 3:56 pm

You might want to buy an extra set of tires for your ride.

https://www.caranddriver.com/news/a36312124/tire-shortage-possible/

#38 IHCTD9 on 05.11.21 at 4:06 pm

#31 Sail Away on 05.11.21 at 3:37 pm
#11 IHCTD9 on 05.11.21 at 2:50 pm

…my eldest had also received acceptance to Queens this spring. Maybe if he decides to attend, you and I might be family some day!

———

Good work to him. Lots of options. The military college is also a good way to go.
___

He did end up finishing the whole Covid interrupted process and did get accepted to become an Officer – but during the lull thanks to the onset of CV, he was unsure of what was going on and what happens next. He looked into other options and applied to 3 Uni’s early this year, and has since decided to pass on RMC.

Too bad IMHO, it sure looked like a great option – but, not my life…

#39 Grunt on 05.11.21 at 4:08 pm

Where do you see the tax increases? HST? Fossil fuels? Plastic wrap?

#40 Bob on 05.11.21 at 4:11 pm

Why are you so sure that hyperinflation won’t happen here, Garth?

Never has, never will. CBs will never permit. – Garth

#41 Joez Iden on 05.11.21 at 4:20 pm

Pipelines… are like … important… c’mon man! Pipelines are, like, the thing… you know, the thing! And we need to take them out behind the barn and, No malarkey, just punch them through… because… because….<>>

#42 crowdedelevatorfartz on 05.11.21 at 4:22 pm

@#11 IHCTD9
“Incidentally, my eldest had also received acceptance to Queens this spring. Maybe if he decides to attend, you and I might be family some day!”

++++

THE best game to teach grandkids is “pull my finger”.

#43 truefacts on 05.11.21 at 4:28 pm

#29 Kieth

“Well, fiscal-conservative by reputation. Actual track record, not so much.”
________________________________________

In the old days, yes – Not much daylight between Chretien and Harper – both cut taxes and balanced the budget. Both were okay fiscally.

BUT NOT NOW! During 2008/09, huge deficit under Harper and then balanced again in a few years.
No chance that will happen with Trudeau there…

#44 crowdedelevatorfartz on 05.11.21 at 4:30 pm

@#28 WTF
“These guys have been slagging everything about us, Canada, Vancouver”. Went back to the table and in perfect Cantonese (he was white) told them they were booked on the next flight back to HK. Faces dropped”
++++

Classic.
I worked with a blonde , blue eyed, guy who’s parents were Christian Missionaries in the Philippines.
He lived there for over 20 years before moving back to Canada.
His Tagalog was flawless.
He surprised many a staff member when he would start talking to them AFTER he had listened for a while.
I asked one gal who’s parents moved from Manila if his Tagalog was good, “Better than mine” was her reply.

#45 I’m stupid on 05.11.21 at 4:49 pm

I’m not financial expert maybe you can enlighten us Garth or better yet one of your fancy pants associates.

If the economy runs hot to warrant a bunch of interest rate increases doesn’t that translate into higher wages?

Higher wages reduces household debt percentage correct?

#46 Pastor on 05.11.21 at 4:51 pm

Read Isaiah Chapter 3 and 4 to predict the future of the Toronto housing market.

#47 BillyBob on 05.11.21 at 5:02 pm

#13 IHCTD9 on 05.11.21 at 2:54 pm
#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

Yeah, but I bet we see gas prices rise due to “uncertainty”…

I wonder if the boss would give me a raise because some things about the future can not be known?

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

153.9¢/l today in Victoria.

But probably nothing to do with hacks or pipeline closures, more just because Victorians deserve it.

The Smug Tax.

#48 Big Bucks on 05.11.21 at 5:08 pm

Obviously hyperinflation(defined as price increases of 50% per month)is not coming but once inflation takes hold we could easily return to the days of 6-7% annually.Looking at the charts today and the Dow is up 500% since March 2009 and the Nasdaq is up 1000%,The Nikkei reached 40,000 in 1990 and is still(31 years later)at 29,000.Best to not get too excited about stocks or RE as higher interest rates will knock the stuffing out of both—and it certainly looks like it is coming.Remember interest rates were in the 2% range for much of the 1960’s only to increase for much of the next 15-20 years(peaking at 21% in 1982)

#49 Linda on 05.11.21 at 5:10 pm

Well, based on today’s experience I can report that my fellow beavers are not at work. Instead, they are lining up to get into stores for groceries, building supplies & especially garden related goods. I can also report that the cost of plants has increased. Play with the numbers as they might, eventually the government will have to post inflation numbers that are significantly higher than the ones we’ve been seeing. Because the ones posted to date are simply not congruent with prices being charged at the till.

#50 Faron on 05.11.21 at 5:17 pm

#27 IHCTD9 on 05.11.21 at 3:27 pm

#21 Faron on 05.11.21 at 3:07 pm
#2 IHCTD9 on 05.11.21 at 2:54 pm

#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

Never a shortage of calamities that affect the price of fuel for very long.

I expect a few more until the desired price per litre has been achieved.

Then there are the Middle East shenanigans…. Line-ups for fuel in the US. There has been talk of a hack on critical infrastructure and how unprepared we are for it. And… here it is. ETF HACK was up today. No surprise.

#51 Faron on 05.11.21 at 5:19 pm

#38 IHCTD9 on 05.11.21 at 4:06 pm

#31 Sail Away on 05.11.21 at 3:37 pm
#11 IHCTD9 on 05.11.21 at 2:50 pm

Too bad IMHO, it sure looked like a great option – but, not my life…

He has good forward momentum and was chomping at the bit to get moving. Seems to be on a solid track.

#52 Keith on 05.11.21 at 5:42 pm

@#43 Truefacts

#53 Cici on 05.11.21 at 5:44 pm

#139 Sara on 05.11.21 at 2:05 pm
Yahoo! Today, my daughter got her acceptance letter for medical school at Queens. 87 applicants accepted out of approximately 5700 applications. So pumped. Just had to share with you dogs.
____________________________________________

Wowee, indeed! Congratulations to you both, that’s amazing news :-)

#54 Ponzius Pilatus on 05.11.21 at 5:45 pm

Permission to talk about American politics:
78 year old Biden runs like the Energizer Bunny.
Micro manages everything. Can’t last too long going like this.
VP Harris is in the background.
Helped Biden get the black vote.
She won’t be prepared if needed to step up.
Republicans don’t know what they wanna be when they grow up.
Only about 2 years left until next primaries.
Trump looks like the shoe-in candidate for the Retrumplicans.
However, everything is off the table should the Israeli -Palaestine  conflict get out of hand.
IHTCD9 is your bunker ready?
You know I was always nice to you.
And I bring the Jaeger and my best Arnie imitations.

#55 Pricedoutmillenial on 05.11.21 at 5:45 pm

Lesson for me. Never skip reading this blog.

I remembered I forgot to read yesterday’s blog. I went back and checked it out.

I would have missed the DSC.

Now I have a reminder to move my Kid’s RESP out of the MFs that were sold to me.

Thanks Garth for the useful advice everyday..

#56 Keith on 05.11.21 at 5:48 pm

@#43 Truefacts

“During 2008/09, huge deficit under Harper and then balanced again in a few years.”

A few? More like five. Tax cuts came first, barely balancing the budget (net of one time asset sales) came later.

Trudeau’s major broken promise was on the deficit, failing to grow the economy enough to hit his numbers. He has abandoned that pretense, but his vote buying spending may still get the job done as O’Toole struggles to get traction. A Liberal majority will remain a fiscal nightmare.

#57 Left GTA on 05.11.21 at 5:52 pm

The Enriched Academy…please tell me they do not recommend life ins. investment products. I need to steer my friend away from one of those MLM places where she is victim to a one of those financial know it all that drank the koolaid

#58 IHCTD9 on 05.11.21 at 5:53 pm

#51 Faron on 05.11.21 at 5:19 pm
#38 IHCTD9 on 05.11.21 at 4:06 pm

#31 Sail Away on 05.11.21 at 3:37 pm
#11 IHCTD9 on 05.11.21 at 2:50 pm

Too bad IMHO, it sure looked like a great option – but, not my life…

He has good forward momentum and was chomping at the bit to get moving. Seems to be on a solid track.
——-

You’re right, he felt like he was spinning his wheels, a year is a long time when you’re 18. On the plus side, he had a chance to make some $$ before heading into tuition debt…

#59 When Will They Raise Rates? on 05.11.21 at 5:54 pm

#22 Prince Polo on 05.11.21 at 3:17 pm

Not to mention tomorrow is the day that Michigan decides to grow an environmental/hypocritical conscience and block Enbridge from operation Line 5.

In other news, got the shot today at UofT – Mississauga.
Feels good to take one for society. Y’all remember society, right?

I still don’t feel the urge to use Bing search engine, so I’m not sure what all this Bill Gates mind control nonsense is all about…cue all the covidiots saying something stupid

‐——————

Did you get Astra Zeneca?

If so, you got it literally minutes before Ontario decided to halt AZ shots due to blood clot concerns…

https://www.cbc.ca/news/canada/toronto/ontario-update-astrazeneca-vaccine-1.6022545

Now, what were you saying about covidiots?

#60 IHCTD9 on 05.11.21 at 5:57 pm

#47 BillyBob on 05.11.21 at 5:02 pm
#13 IHCTD9 on 05.11.21 at 2:54 pm
#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

Yeah, but I bet we see gas prices rise due to “uncertainty”…

I wonder if the boss would give me a raise because some things about the future can not be known?

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

153.9¢/l today in Victoria.

But probably nothing to do with hacks or pipeline closures, more just because Victorians deserve it.

The Smug Tax.
———-

Bring Cash! Maybe gasoline taxes are how Horgan plans on recouping the ICBC discounts Flop was talking about.

#61 Faron on 05.11.21 at 5:58 pm

#47 BillyBob on 05.11.21 at 5:02 pm

#13 IHCTD9 on 05.11.21 at 2:54 pm
#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

The Smug Tax.

The smug among Victorians ride bikes or drive Leafs (Leaves?). Langford Bro-dozer tax might be more apt.

#62 joe on 05.11.21 at 6:14 pm

Passengers….please fasten your seatbelts..

https://www.wsj.com/articles/global-stock-markets-dow-update-05-11-2021-11620708764?mod=mhp

Corrections are good. We need them to blow off excess valuations. Real estate should be so lucky. – Garth

#63 IHCTD9 on 05.11.21 at 6:20 pm

#42 crowdedelevatorfartz on 05.11.21 at 4:22 pm
@#11 IHCTD9
“Incidentally, my eldest had also received acceptance to Queens this spring. Maybe if he decides to attend, you and I might be family some day!”

++++

THE best game to teach grandkids is “pull my finger”.
——

Well, if everything pans out, I’ll invite you down back East (most of the way), we’ll head out to Sara’s when our kids and grandkids are down, and you can present them with “the one finger to rule them all”.

Might be a short game.

#64 Job#1 on 05.11.21 at 6:22 pm

#23 Dogman01

Not criticizing the gist of your comment, but WMDs were in 2003 when Dubya invaded Iraq. 1990/91 was Desert Storm in retaliation for Iraq’s invasion of Kuwait.

#65 pPrasseur on 05.11.21 at 6:22 pm

“which is why 2022 will also be ushering in higher taxes in Canada.”

Possibly, but it will do absolutely nothing so solve this country’s main problem: A pathetic lack of productivity so far hidden behind a gigantic pile of debt!

Wealth is already leaving this country and it’s going to get worse soon with our imploding health care systems.

The worse is yet to come and that is an understatement.

#66 Jens on 05.11.21 at 6:31 pm

I wonder what will happen if we postpone reopening so long that inflation (which is a global phenomenon) hits us before our businesses have a chance to recover? If a restaurant owner can’t reopen because they cannot afford repairs, re-hiring staff, or even fuelling their stoves with natural gas, would you call that stagflation? Or perhaps recflation?

#67 Old gringo on 05.11.21 at 6:39 pm

Just a random thought!
If it’s that easy for a hacker to shut down a huge oil pipeline, what chance is there that they can hack all Bitcoin accounts and steal all without trace.
Hmmmmm

#68 crowdedelevatorfartz on 05.11.21 at 6:45 pm

@#58 Jens
“If a restaurant owner can’t reopen because they cannot afford repairs, re-hiring staff, or even fuelling their stoves with natural gas, would you call that stagflation? Or perhaps recflation?”

+++++

On planet Liberal, in the WOKE galaxy, economists would call it retardation..

#69 Nonplused on 05.11.21 at 6:50 pm

“Oh, and gas the car. More on that tomorrow.”

No, no, no, buy a Tesla.

Enbridge says they ain’t gonna be shutting down no line 5’s because they can’t. 4 states plus Ontario would have severe fuel shortages and they don’t want to be sued (naturally, as it could be in the 10’s of billions).

Anyway, it is a good thing Governor Grinch is doing this in May, because Michigan gets 65% of its’ heating oil from line 5. They still use that out east, especially in rural areas. That and propane, which also comes down line 5.

For me, this is all great fun to watch as along with the Continental hack we could get a bit of a preview of what the greens have in mind for our economy come 2030. Now if we could only shut down Trans Mountain at the same time. Then we could really introduce an adult discussion of how our energy future is going to look going forward.

Yes, we should build wind turbines where there is enough wind and space to justify putting them and they are close enough to demand.

Yes, people who can afford solar should get solar.

Yes, we need to have a serious conversation about Gen IV nuclear.

Yes electric cars are interesting.

We should do all the things.

But fossil fuels aren’t going anywhere for a long time. Until we have enough nuclear, it will always be required to balance the intermittent power generated by wind and solar. And what we don’t burn, the second and third world will. They don’t have time to save the world 10, 20, or 30 years from now. They are trying to save themselves from poverty now.

In much of the world you can sell a Toyota Land Cruiser but not a Tesla because there aren’t any paved roads and there certainly isn’t any place to charge an electric vehicle. Heck as the transition to electric cars advances here we will soon find we don’t have anywhere near the amount of electricity we need or the grid to transmit it.

Electrification is definitely the future. Even if there were nothing to fear from climate change fossil fuels are finite and depleting. We need to move towards electrification regardless. But it is going to take some time. And wind turbines aren’t going to do it by themselves. It kind of reminds me of the flock of dodos standing around and defending 3 melons in the kid’s movie “Ice Age”. It was meant to be funny and it was, but unfortunately it is the mindset many people have when it comes to energy. “A Jackery and a solar panel should do it.”

(Jackery’s crack me up. “With 1800 wattage and the 1488Wh capacity, the Explorer 1500 will power most of appliances.” Ya, for an hour. Good for camping though, if you have the solar panels. But a tri-fuel Firman generator is 1/3 the price.)

#70 When Will They Raise Rates? on 05.11.21 at 6:52 pm

#66 Jens on 05.11.21 at 6:31 pm

I wonder what will happen if we postpone reopening so long that inflation (which is a global phenomenon) hits us before our businesses have a chance to recover? If a restaurant owner can’t reopen because they cannot afford repairs, re-hiring staff, or even fuelling their stoves with natural gas, would you call that stagflation? Or perhaps recflation?

————–

I would call it yet another totally failed gov policy, small mom and pops would call it a day, and big chains would call it mission accomplished.

It would technically be stagflation – rising unemployment and rising inflation.

#71 the Jaguar on 05.11.21 at 7:03 pm

@#60 IHCTD9 on 05.11.21 at 5:57 pm

Lordy! I feel just like a cat on a hot tin roof! Some days I don’t even know how I manage to slip through the jail house bars and escape

Anyway, about this exchange:

0 IHCTD9 on 05.11.21 at 5:57 pm
#47 BillyBob on 05.11.21 at 5:02 pm
#13 IHCTD9 on 05.11.21 at 2:54 pm
#135 the jaguar on 05.11.21 at 1:01 pm
@133 IHCTD9

Yeah, but I bet we see gas prices rise due to “uncertainty”…

I wonder if the boss would give me a raise because some things about the future can not be known?

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

153.9¢/l today in Victoria.

But probably nothing to do with hacks or pipeline closures, more just because Victorians deserve it.

The Smug Tax.
———-

Bring Cash! Maybe gasoline taxes are how Horgan plans on recouping the ICBC discounts Flop was talking about.++++++++++++

Gasoline at the pumps ( like the kind it takes to fill up the Clown Car) will probably be the least of our worries… It’s those other kinds of fuel like DIESEL that really matter.

But hey….no worries, right? Nobody cares about the oil and gas industry when solar, wind, and CEF farts can power the world! And here in southern Alberta we have the dinosaur deposits, the sunniest province in Canada, wind power in the south of the province, and Crowdedelevatorfartz will always be welcome because we like his sense of humour. Power On!

#72 Nonplused on 05.11.21 at 7:04 pm

#32 Billy Buoy on 05.11.21 at 3:45 pm
With all due to respect to our blog host, this by far is the best article I’ve read to date regarding our current situation: Thoughts?

https://ourfiniteworld.com/2021/05/04/how-the-worlds-energy-problem-has-been-hidden

——————————

Gail’s articles are depressing, but I think she sees through the fog better than anyone.

And I would not be too surprised if the powers that be are way ahead of her in understanding our predicament. They have lots of “think tanks” filled with Ph.D. “thinkers”. This could be why they behave as they do even if they cover it up with an alternative explanation. “Weapons of mass destruction!!!” No, oil. But they have “thinkers” to craft the narrative too.

#73 45north on 05.11.21 at 7:07 pm

In other words, central bankers are losing it. An economy can run hot for only so long, until it melts. When a guy in Tofino pays $1 million above asking for a $1.4 million condo townhouse, or the Dow Jones index sets 24 all-time record highs in five months or a pretend-money coin with s Sheba Inu on it inflates 20,000% in twelve months or a collector pays $500,000 for the NFT of kid in front of a burning house in 2006, you know it. This is not a normal reentry.

how about Nova Scotia house prices?

The Nova Scotia Association of Realtors released a regional snapshot of price gains for the province for April 2021 over the same month the year before:
• Halifax and area, up 38.9 per cent
• South Shore, up 63.4 per cent
• Yarmouth, up 79 per cent
• Annapolis Valley, up 48.6 per cent
• Northern, up 44.4 per cent
• Highland, up 42 per cent
• Cape Breton, up 66.8 per cent

https://nationalpost.com/news/canada/nova-scotias-real-estate-market-continues-its-skyward-ascent

this is insane

#74 Nonplused on 05.11.21 at 7:10 pm

#35 Wrk.dover on 05.11.21 at 3:54 pm
Oh, and gas the car. More on that tomorrow.

______________________________

How about filling the bath tub with gas too, good idea?

——————————————–

I’m sure Fartz does all the time.

#75 earthboundmisfit on 05.11.21 at 7:15 pm

Yes, things are looking a little better, as long as DoFo is kept away from the decision making process.

#76 Drill Baby Drill on 05.11.21 at 7:15 pm

Do the CB tools actually have any tools left in the tool box? Take a look at oil, copper, silver prices is the long called for energy and mining supercycle about to begin?

#77 Ponzius Pilatus on 05.11.21 at 7:16 pm

#67 Old gringo on 05.11.21 at 6:39 pm
Just a random thought!
If it’s that easy for a hacker to shut down a huge oil pipeline, what chance is there that they can hack all Bitcoin accounts and steal all without trace.
Hmmmmm
—————-
Good question.
I guess everything that has a chip installed is now fair game.
Fortunately, my chip is on my shoulder.

#78 smoked mustard on 05.11.21 at 7:19 pm

Did Rand Paul just smoke facci, lmao?
people are being PLAYED.

#79 Work and Tumble on 05.11.21 at 7:22 pm

Dogs do your homework, Google Line 5 for tomorrow’s
lesson.

#80 Nonplused on 05.11.21 at 7:25 pm

#64 Job#1 on 05.11.21 at 6:22 pm
#23 Dogman01

Not criticizing the gist of your comment, but WMDs were in 2003 when Dubya invaded Iraq. 1990/91 was Desert Storm in retaliation for Iraq’s invasion of Kuwait.

————————————–

The Iraqi invasion of Kuwait was so far as I can tell, a border dispute over what else? Oil fields. The 2003 US invasion of Iraq was perhaps one of the most egregious and unjustified use of military force by the US government ever, and that says a lot. There has never been any evidence presented that Saddam had WMD’s or was involved in 9/11.

https://www.youtube.com/watch?v=Q_OIXfkXEj0

#81 jimmy zhao on 05.11.21 at 7:32 pm

With the price of building materials so high, I’m thinking of selling my house for spare parts.

#82 mark on 05.11.21 at 7:40 pm

We are not getting out of this soon.
This is new normal.
Crash.
Prepare.
Vaccination means squat, when you got engineered virus.
Most likely by accident, but damage done, normal viruses originating from the wild are very very few and far between in spreading the way this virus is spread it’s just basic common sense.

#83 TurnerNation on 05.11.21 at 7:45 pm

How to kill more small business and jobs?

“This is what $25 USD minimum wage will look like.”
https://twitter.com/soyteam6/status/1391763701770956802?s=21

— In a small town <1000 people the local Dollar store is closed up. How can they make money, half their goods are banned from sale? In other news Dollarama is planning new hundreds more stores.

— Yes the Feds are on board with the permanent rolling Economic Lockdowns.

.Trudeau says pandemic restrictions shouldn't be eased until case counts are 'way down' (cbc.ca).


— Don't call it a reset? Buy hey they all got 40k in government new debt now.

https://twitter.com/CFIB/status/1392144390064414722 Dan Kelly @CFIB
The number of tweets and emails I've received from business owners ready to defy lockdowns is growing by the minute, especially in Ontario. I don't think govts appreciate how close we are to society's breaking point

—-

Yep this ain't going away for years. The new global control system. You no longer have the right to be healthy. The State controls your every step.

"Empower Clinics Inc. has noted that pursuant to a referral agreement dated May 10, 2021, a major Canadian airline will now refer its passengers to Kai Care for expedited COVID-19 testing.
When booking a flight or navigating the airline website passengers will have options to click a link to be referred to Kai Care websites to purchase an RT-PCR Kai Saliva Test Kit.
With most countries and airlines requiring predeparture negative COVID-19 test results, travellers are encouraged to order enough test kits to use for predeparture and for prior to their return.

#84 When Will They Raise Rates? on 05.11.21 at 7:45 pm

#72 Nonplused on 05.11.21 at 7:04 pm

#32 Billy Buoy on 05.11.21 at 3:45 pm
With all due to respect to our blog host, this by far is the best article I’ve read to date regarding our current situation: Thoughts?

https://ourfiniteworld.com/2021/05/04/how-the-worlds-energy-problem-has-been-hidden

——————————

Gail’s articles are depressing, but I think she sees through the fog better than anyone.

And I would not be too surprised if the powers that be are way ahead of her in understanding our predicament. They have lots of “think tanks” filled with Ph.D. “thinkers”. This could be why they behave as they do even if they cover it up with an alternative explanation. “Weapons of mass destruction!!!” No, oil. But they have “thinkers” to craft the narrative too.

——–

Correct, but specifically oil priced in dollars… couldn’t have Saddam selling oil in Euros. Same with Libya. Gaddafi annnounced oil sales in a new African gold backed Dinar… She came, she saw, he died. Cackle, cackle, cackle.

#85 Leftover on 05.11.21 at 8:20 pm

Interest rates will start to rise once US unemployment drops to 5%, exactly what it was when Mr. Biden left office in 2015. It’s 6.1% in the USA right now, apparently people are a bit afraid to go back to work and they prefer the money Uncle Joe sends them.

To get an idea of what will happen to inflation and interest rates, US inflation went to 2.1% in 2016 thanks to the orangeman. Meanwhile, the posted 5 year fixed mortgage was 4.64% in Canada, nearly double what it is today.

We’ll see. It won’t happen overnight, if it happens at all.

#86 BillyBob on 05.11.21 at 8:21 pm

#71 the Jaguar on 05.11.21 at 7:03 pm

Gasoline at the pumps ( like the kind it takes to fill up the Clown Car) will probably be the least of our worries… It’s those other kinds of fuel like DIESEL that really matter.

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

Yep! And it’s close cousin, jet fuel.

Those Amazon boxes have to get delivered somehow, else how would the woke online shoppers get their new bike shorts?

And then there’s like other stuff like, I dunno, food. The Sooke artisans can only crank out so much goat cheese, after all.

Thank dog for Alberta.

#87 Sail Away on 05.11.21 at 8:21 pm

#19 Dolce Vita on 05.11.21 at 3:06 pm

“But back in March of 2020 nobody seriously thought…”

Memory lane and thank you to these Commenters whom sometimes I kick in the nards yet still enjoy.

Mar 8 2020 MSB Blog:

#76 Howard on 03.08.20 at 7:20 pm
I hope Dolce Vita is going okay…

#88 Sail Away on 03.08.20 at 8:08 pm
Of course he’ll be okay. Panic does not mean danger exists. Two entirely separate things.

————-

And you ARE fine, aren’t you Dolce?

Just like every other person on this blog, and honestly, like everybody I know except one 92 yo grandfather of a friend.

About 200 of my extended family and friends have had Covid and all are… fine.

#88 IHCTD9 on 05.11.21 at 8:26 pm

#54 Ponzius Pilatus on 05.11.21 at 5:45 pm

IHTCD9 is your bunker ready?
You know I was always nice to you.
And I bring the Jaeger and my best Arnie imitations.
—— –

The bunker is always ready Ponzenegger. In fact, I left every thing I loaded in there for the last US election in place, so I’m ready for anything.

Come on down with that Jagermeister, I’ve got some Speculaas cookies shaped like AR-15’s that we can use to get rid of the aftertaste.

#89 KNOW IT ALL on 05.11.21 at 8:32 pm

pretend-money coin….. “the US Dollar”.

#90 bdwy on 05.11.21 at 8:58 pm

(Jackery’s crack me up. “With 1800 wattage and the 1488Wh capacity, the Explorer 1500 will power most of appliances.” Ya, for an hour.

—————-
never seen this before. lithium makes portability possible. price coming down helps.
not bad for off grid.

i have a couple fixed systems with same or better specs , flooded lead acid, about 600$ for a system ,less than half the jackery cost. (think i will add more panels now at 1$/Watt)

if the sun is shining, you can keep a tiny 12V fridge at 50W going 24/7 and have frosty drinks.

led lights and phones/devices too small to matter
uv water purify, tool battery recharging starts to matter
running the grinder/saw on the inverter? – better be very quick.
new quiet gen is amazing too.

#91 FriedEggs on 05.11.21 at 9:15 pm

‘Oh, and gas the car. More on that tomorrow.’

We already know Garth – your October 15, 2020 blog and the faked leaked document mentions it.

– Transitioning of individuals into the universal basic income program. Expected mid Q2 2021.
–>Projected supply chain break downs, inventory shortages, large economic instability. Expected late Q2 2021.
– Deployment of military personnel into major metropolitan areas as well as all major roadways to establish travel checkpoints. Restrict travel and movement. Provide logistical support to the area. Expected by Q3 2021.

#92 Michael in Cowtown on 05.11.21 at 9:16 pm

I hope line 5 shuts down and environmentalist get what they deserve.

#93 Faron on 05.11.21 at 9:20 pm

#86 BillyBob on 05.11.21 at 8:21 pm

#71 the Jaguar on 05.11.21 at 7:03 pm

Gasoline at the pumps ( like the kind it takes to fill up the Clown Car)

I drive a clown car 6000, few understand this.

#94 Bob on 05.11.21 at 9:23 pm

Why are you so sure that hyperinflation won’t happen here, Garth?

Never has, never will. CBs will never permit. – Garth

You seem to put a lot of faith in the bank. I note that it was created by an act of Parliament and that Parliament has not been shy about amending it (over a dozen times in the last twenty years). Not that they really have to amend it. There’s this lovely section (14-2):

(2) If, notwithstanding the consultations provided for in subsection (1), there should emerge a difference of opinion between the Minister and the Bank concerning the monetary policy to be followed, the Minister may, after consultation with the Governor and with the approval of the Governor in Council, give to the Governor a written directive concerning monetary policy, in specific terms and applicable for a specified period, and the Bank shall comply with that directive.

So we’re really at the mercy of the politicians, aren’t we?

#95 truefacts on 05.11.21 at 9:28 pm

#56 Keith,

The point was that balance was a goal and was acheived – we can debate the finer points, but overall a reasonable financial outcome.

We agree that Trudeau will be a financial disaster. I really worry about my kids after he’s done wrecking things…

#96 Dominoes Lining Up on 05.11.21 at 9:29 pm

“An economy can run hot for only so long, until it melts. When a guy in Tofino pays $1 million above asking for a $1.4 million condo townhouse,……”

Very true Garth, and not to insult Lunenburg or Moncton or Halifax or Woodstock or Tofino or any of the smaller places WFH people have fled to…..there will be a reckoning, and it may come soon re: all the inflated prices in those places.

Here’s a BIG red flag for anyone thinking of moving away from major centres:

https://www.cbc.ca/news/canada/new-brunswick/rodney-pavlica-doctor-shortage-new-brunswick-1.6015987

“Like tens of thousands of people in New Brunswick, Pavlica has yet to find a doctor, a fact that has had a negative impact on his life and should serve as a warning to others looking to move to the province, he said.”

“…he should expect a three- to four-year wait.”

“Last summer, suffering from chest pains, he resorted to travelling to Quebec, where he paid $3,000 to see a doctor, get some tests done and his prescriptions refilled, he said. He had to pay because he is a resident of New Brunswick, and therefore is not covered by Quebec health insurance.”

Just one example of the reality check facing people like this 51 year old who have moved to smaller centres thinking it’s an all-win situation. And he moved years before COVID.

Not just health care access, but other big job, social and economic factors, compounded by massive debts (Hello Newfoundland!) is about to seriously undermine the perceived ‘value’ of living in smaller towns and cities.

There’s no easy solution to any of this.

#97 Phylis on 05.11.21 at 9:33 pm

#67 Old gringo on 05.11.21 at 6:39 pm
Just a random thought!
If it’s that easy for a hacker to shut down a huge oil pipeline, what chance is there that they can hack all Bitcoin accounts and steal all without trace.
Hmmmmm
Xxxxxxxx
You will have to wait for quantum computer development to progress. Patience my dear, patience.

#98 Advocate on 05.11.21 at 9:36 pm

“Never has, never will. CBs will never permit. – Garth”

Explain Canadian housing prices for the past year. Furthermore, the BoC governor Tiff Macklem contradicted himself to a Conservatives MP when asked to explain the CPI.

#99 Capt. Serious on 05.11.21 at 9:36 pm

Might be unpopular opinion, but I doubt we see rates move at all until 2H 2022. This virus is not done with humanity yet.

#100 bdwy on 05.11.21 at 9:38 pm

#89 KNOW IT ALL on 05.11.21 at 8:32 pm
pretend-money coin….. “the US Dollar”.
——————-

ya, like the pretend “US Military”.
got it.

#101 Sara on 05.11.21 at 9:38 pm

#144 Sara on 05.11.21 at 9:37 pm
#142 Carla on 05.11.21 at 5:38 pm
Congratulations to your daughter, Sara!

Kudos to you as well.
===============

Thanks Carla!

#102 Two-thirds on 05.11.21 at 9:39 pm

So commodities going up explains the rising Loonie: up to almost $83 cents US now!

IF indeed inflation is coming and pressures on salaries are real, combined with construction materials’ (super?) inflation, would not all of this favor increased house values?

Further; those with mortgages would win, as they get to pay a static debt with ever increasing salaries. Even if mortgage rates were to double from the 2020 rock bottom levels of ~1.7%, this would bring them back to… a very reasonable 3.4%!

Sure, higher taxes will come, but if employers are struggling to find workers, salaries must rise to close the gap. Higher salaries = more money around = higher prices. Has anyone checked the market for high-end cars? Audi R8s selling in days, same with Aston Martins, this spring, at prices 10% above last years’ levels!

Theoretical Prognosis: RE prices stabilize and move sideways at worst, with an ongoing upward trend due to inflation. Those pickled in debt will see higher payments for sure, but also increased salaries and house values.

Canada gets to kick the can down the road for another ??? years. Splendid! A solid economy fueled by weed, houses, and consumption of imported goods, financed by debt. What could go wrong?

:(

Oh, Canada!

#103 Prince Polo on 05.11.21 at 9:39 pm

#59 When Will They Raise Rates? on 05.11.21 at 5:54 pm
Did you get Astra Zeneca?

If so, you got it literally minutes before Ontario decided to halt AZ shots due to blood clot concerns…

https://www.cbc.ca/news/canada/toronto/ontario-update-astrazeneca-vaccine-1.6022545

Now, what were you saying about covidiots?

https://www.theglobeandmail.com/world/article-blood-clot-risk-higher-for-unvaccinated-covid-19-patients-oxford/

“A study by researchers at the University of Oxford has found that the risk of developing rare blood clots is eight to 10 times higher in people with COVID-19 than in those who have been vaccinated.”

#104 the Jaguar on 05.11.21 at 10:04 pm

There it is again. Scratching at the door. I try hard not to engage with it. There are plenty of others available if that is what it needs or wants. Just when I think I’ve left it far behind and hopefully it’s lost the trail the scratching sound begins again. Mercy.

By the way, is that it’s Passport photo immediately under the daily dog picture? Seems to be a ginger of some kind.
Garth, can’t you do something about this?

#105 NoName on 05.11.21 at 10:23 pm

#59 When Will They Raise Rates? on 05.11.21 at 5:54 pm
#22 Prince Polo on 05.11.21 at 3:17 pm

Not to mention tomorrow is the day that Michigan decides to grow an environmental/hypocritical conscience and block Enbridge from operation Line 5.

In other news, got the shot today at UofT – Mississauga.
Feels good to take one for society. Y’all remember society, right?

I still don’t feel the urge to use Bing search engine, so I’m not sure what all this Bill Gates mind control nonsense is all about…cue all the covidiots saying something stupid

‐——————

Did you get Astra Zeneca?

If so, you got it literally minutes before Ontario decided to halt AZ shots due to blood clot concerns…

https://www.cbc.ca/news/canada/toronto/ontario-update-astrazeneca-vaccine-1.6022545

Now, what were you saying about covidiots?

I got mine AZ today at 1500 before work. I feel iresistable urge to climb. Funy thing this monkey virus is…

#106 When Will They Raise Rates? on 05.11.21 at 10:29 pm

#103 Prince Polo on 05.11.21 at 9:39 pm

#59 When Will They Raise Rates? on 05.11.21 at 5:54 pm
Did you get Astra Zeneca?

If so, you got it literally minutes before Ontario decided to halt AZ shots due to blood clot concerns…

https://www.cbc.ca/news/canada/toronto/ontario-update-astrazeneca-vaccine-1.6022545

Now, what were you saying about covidiots?

https://www.theglobeandmail.com/world/article-blood-clot-risk-higher-for-unvaccinated-covid-19-patients-oxford/

“A study by researchers at the University of Oxford has found that the risk of developing rare blood clots is eight to 10 times higher in people with COVID-19 than in those who have been vaccinated.”
————

That’s outdated.

New data from Ontario shows that the rate of Vaccine-Induced Immune Thrombotic Thrombocytopenia (VITT) linked to the AstraZeneca vaccine has increased a staggering 70% since May 8th. That’s why they’re panicking.

You’ll possibly be getting a second dose of a different vaccine, pending the outcome of a UK study currently examing the efficacy and safety of mixing and matcging first and second doses.

#107 Still Going on 05.11.21 at 10:32 pm

I’ve been considering mortgage renewall for the last couple of weeks. Should I dive for a 10 years fixed rate if inflation is just at the corner?

#108 crowdedelevatorfartz on 05.11.21 at 10:46 pm

@#95 truefacts
“We agree that Trudeau will be a financial disaster. ”

++++

I believe we’re way past “will be”………..

#109 Kothar on 05.11.21 at 11:05 pm

Line 5 shut = $2.50 liter gasoline

#110 Don Guillermo on 05.11.21 at 11:18 pm

#71 the Jaguar on 05.11.21 at 7:03 pm

Gasoline at the pumps ( like the kind it takes to fill up the Clown Car) will probably be the least of our worries…
*************************************
Was the Clown Car the same one that eMay was campaigning in a few years ago? Sweet ride, Dodge Viper 11 miles per gallon (10.7 liters per 100km). She looked awesome. If I had lived on Woke Island at the time I would have voted for her.

#111 Kook Aid on 05.11.21 at 11:21 pm

Bigly US Taper THIS August… No one is pricing in higher interest rates. BUCKLE UP.

Interest rates can effectively double from here by mid 2022.

In regards to alternative assets, supply is being over run by demand. Alternatives, comics, cards, NFTs, altcoins, generating once in a lifetime returns, sell a portion, reinvest, diversify.

#112 cuke and tomato picker on 05.11.21 at 11:50 pm

Yes INFLATION IS UPON US – so the question is – what are we to buy now to come out of this well positioned?
Please tell us tomorrow GARTH or anybody else that know
for sure.

#113 Don Guillermo on 05.11.21 at 11:51 pm

oops, small correction … closer to: city gas mileage ranging from 11 miles per gallon (18.1 liters per 100 km) to 13 miles per gallon (21.4 liters per 100 km) depending on the trim and model year.

Still would have voted for her.

#114 Blackened chicken on 05.12.21 at 12:38 am

#139 Sara on 05.11.21 at 2:05 pm

Yahoo! Today, my daughter got her acceptance letter for medical school at Queens. 87 applicants accepted out of approximately 5700 applications. So pumped. Just had to share with you dogs

______________________

Why did you feel the need to share this with people you don’t know, who don’t know you and you’ve probably never met …. on a financial blog?

I do hope it makes you feel better though!

#115 happygolucky on 05.12.21 at 12:54 am

Great intro to “brave new reentry” , exuberance and insanity, what a way to end and start anew…

#116 happygolucky on 05.12.21 at 1:05 am

#102 Two-thirds on 05.11.21 at 9:39 pm

Canada gets to kick the can down the road for another ??? years. Splendid! A solid economy fueled by weed, houses, and consumption of imported goods, financed by debt. What could go wrong?
:(
Oh, Canada!
———————————————————-

“What could go wrong?”
A lot, but MMT during this Pandemic got a quite a traction, and debt is “essential” now…

#117 Nonplused on 05.12.21 at 1:29 am

#90 bdwy on 05.11.21 at 8:58 pm

You cut my quote. Jackery’s are good for some things, like camping, but running “most appliances” isn’t one of them. Try doing a load of laundry with one. You might get through a wash cycle, but barely, but there is no way you can run the dryer. Heck most generators can’t run the dryer because you need 240 volts / 30 amps unless you have one of those tiny apartment or RV sized dryers.

A Jackery, like solar panels, is a great thing to have in the tool kit if you can afford it. But we have to be realistic about what 1500 watt-hours is. It’ll run a laptop a long time. My fridge? Maybe 6 or 7 hours. If the power failure only lasts 7 hours the fridge will be fine without the Jackery. And then I have the secondary fridge and a freezer in the basement. Both of those will be fine for 7 hours without power too but if I wanted to power them as well I need two Jackery’s. If I want to run the fan on the furnace, a third Jackery. You can see it’s starting to add up.

And then the batteries in the Jackery only last 7 years whether you use them or not. And they are not replaceable by a layman. You have to take the thing apart, go to the battery specialty store and get new cells, solder them all together and reinstall, and after all that time and money you will find out that when the batteries died they fried the charging system.

(That happened to me once. I had a UPS for my computer and the batteries died. These were just 2 sealed lead acid batteries, not hard to come by, so I took it apart and went down to the battery store and got replacements. Hmmm…. still not working. Upon closer inspection I realized that the inverter portion of the circuit board was fine and still working if the batteries were charged, but the 12 volt charging system was fried. Overheated once the batteries died by the looks of it. So ya, the way these things are designed is that the product is designed to last as long as the batteries and that ain’t long. Jackery’s have an expected life of about 7-10 years and then the whole thing goes to recycling. Sort of like an electric car.)

#118 happygolucky on 05.12.21 at 1:46 am

#131 Nonplused on 05.10.21 at 12:48 am
#104 Wrk.dover on 05.09.21 at 9:14 pm
#89 Nonplused on 05.09.21 at 7:35 pm
The rich are still paying premium prices for ocean front property.
—————————————————————–

True enough, and “memes” or “tick-tock people” as I call them are faceless now.
“…rich do not seem to be too worried that their properties are going to be underwater…”
I wouldn’t mention “rich” as that might give wrong impression to some, but who would worry anyway, what happens to us in a hundreds of years from now, only insane or very “religious one” or perhaps hysterical teen Greta Thunberg…and this is not how we are wired.
Those ideologies have apocalyptic “visions”, unsubstantiated, and based on Faith of pseudo-science, and needles to say Central Banks are already “in” and new “taxes” implemented.
“Climate change” is politically motivated movement, and another “hoax” to be.
And as a contrarian, I am not denying change in climate, and I am very mindful when it comes to protecting our waters, forests and wildlife, salmon, grizzlies, sea mammals, to mention just a few, all being looked after very well in Canada, very sign of civilized society.
And I am not saying we shouldn’t explore and seek new solutions (we will regardless), but please: No Fear Mongering.

#119 Future Expatriate on 05.12.21 at 1:57 am

Just remember… soaking the rich beats guillotines ANY day.

#120 happygolucky on 05.12.21 at 3:26 am

#49 Linda on 05.11.21 at 5:10 pm
Well, based on today’s experience I can report that my fellow beavers are not at work. Instead, they are lining up to get into stores for groceries, building supplies & especially garden related goods. I can also report that the cost of plants has increased. Play with the numbers as they might, eventually the government will have to post inflation numbers that are significantly higher than the ones we’ve been seeing. Because the ones posted to date are simply not congruent with prices being charged at the till.

—————————————————

Well, based on my last year experience they were always there, those busy beavers… and I see many at work today.
And prices slowly snicking up on us as expected, but still not in alarming rate (except timber)
Actually, miss last spring “lockdown” with calmed traffic, empty streets, and insanely low “fill ups” and quiet clear skies near YVR.

#121 Alanna Abramsky on 05.12.21 at 5:41 am

Garth! You used my picture! Thank you so much. It made my year. Waking up this morning and seeing our handsome boy on your blog post, was quite the treat. I woke the whole house up to tell them! Thanks for all you do, and I hope you get a chance to check out Enriched Academy.

#122 Prince Polo on 05.12.21 at 5:51 am

#106 When Will They Raise Rates? on 05.11.21 at 10:29 pm
#103 Prince Polo on 05.11.21 at 9:39 pm

https://www.theglobeandmail.com/world/article-blood-clot-risk-higher-for-unvaccinated-covid-19-patients-oxford/

“A study by researchers at the University of Oxford has found that the risk of developing rare blood clots is eight to 10 times higher in people with COVID-19 than in those who have been vaccinated.”
————

That’s outdated.

New data from Ontario shows that the rate of Vaccine-Induced Immune Thrombotic Thrombocytopenia (VITT) linked to the AstraZeneca vaccine has increased a staggering 70% since May 8th. That’s why they’re panicking.

You’ll possibly be getting a second dose of a different vaccine, pending the outcome of a UK study currently examing the efficacy and safety of mixing and matcging first and second doses.

You will have to excuse my early morning math skills….

Even if the AZ blood clot rate increases by 100%, wouldn’t that still imply COVID blood clots are 4-5X more likely? Armchair statisticians can weigh in and mock my pathetic calculations.

Anyways, my Pfizer aftermath is as follows: sore arm, minor headache, and an unwavering bloodthirst to use Bing. I kid! Google is still king!!

#123 Steven Rowlandson on 05.12.21 at 6:54 am

“Meanwhile most Canadians look like alpacas because all the damn barbers are closed.”

Not quite but it was almost true for me until recently.
I managed to get a free buzz cut and beard removal. Now I almost look like a skin head instead of Santa Claus.

Good for another year.

#124 Neo on 05.12.21 at 7:02 am

#40 Bob on 05.11.21 at 4:11 pm
Why are you so sure that hyperinflation won’t happen here, Garth?

Never has, never will. CBs will never permit. – Garth

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

You mean like when CB Chair Volker decided to jack interest rates to 20%? That’s the only tool CB’s have to truly address it and no way we even get to 5% needed to even put a dent into this. The 2020’s are feeling more like the 70’s and less like the 20’s you keep referencing. Only on a much larger more precarious scale because of all the CB fiat printing that has already took place.

#125 Ontario on 05.12.21 at 7:27 am

To liekly extend the shutdown into June

Florida and Texas all open

Can the pompous Canadians come out of their basements and let us know that Canada had it right again ?

Silly kids

#126 Phylis on 05.12.21 at 7:48 am

#109 Kothar on 05.11.21 at 11:05 pm
Line 5 shut = $2.50 liter gasoline
Xxxxxxx
Gas this morning 1.30, which is up a little, give it a little time. Whitty wants the enbridge profits now, I guess that’s her extortion demand of allowing the flow to continue.
Happy motoring Ontario.

#127 Dharma Bum on 05.12.21 at 7:51 am

About the picture: “I’ve been reading your blog for years and wake up every morning at 5am to start my day with coffee in bed (while reading your blog),” says Alanna. “
————————————————————————–

Almost the same as my routine.

We should hook up.

#128 Dharma Bum on 05.12.21 at 8:29 am

#114 Blackened Chicken

Why did you feel the need to share this with people you don’t know, who don’t know you and you’ve probably never met …. on a financial blog?
————————————————————————–

I had the same thought.

However, having been in the same position as a parent, I can relate to the feeling of exuberance and relief once finding out that your child has succeeded in a reaching a significant milestone after an arduous lengthy academic slog in an outrageously competitive field.

The instinctive reaction is to want to shout the news from the highest rooftops for the rest of the world to hear. I suppose this blog is the next best thing.

Of course, once the excitement dies down a bit, and you realize that there is another 10 years hard slogging ahead (4 years of med school, 5 years of residency, plus a year of fellowship), the reality sets in. That doesn’t take away, though, from the euphoria that a parent feels for their child in their success at the entry point.

Savour the moment. I know I did. Satisfaction and relief.

Simultaneously humble yourself, however, as the ultimate truth is, nobody cares, and most people are jealous and resentful.

Go quietly amongst the masses.

#129 IHCTD9 on 05.12.21 at 8:43 am

#128 Dharma Bum on 05.12.21 at 8:29 am

Savour the moment. I know I did. Satisfaction and relief.

Simultaneously humble yourself, however, as the ultimate truth is, nobody cares, and most people are jealous and resentful.

Go quietly amongst the masses.
___

Yep, can’t tell anyone about several different successes unless they are in the same boat as you for the topic at hand. Misery loves company, hates everyone else.

#130 the Jaguar on 05.12.21 at 8:54 am

Interesting interview in today’s NP about where ‘ Mr. market’ might be headed. Here’s the link, but ensure you’ve girded your loins first….
https://pressreader.com/article/281943135764809

So many articles on energy, as well. ( Talkin’ oil, kids). Line 5 is really making some people a little jumpy. Lots of references to gasoline fill ups, but as BillyBob said, jet fuel is part of the equation, too. Hardly a peep about propane. People out west have no idea how many homes in the eastern part of the country are heated by propane. They would be very surprised. It seems foreign to us, but it’s a reality.

And in the popularity sweepstakes Premier François Legault’s has the trust of Quebec Nation. Not exactly a surprise. He is the Jaguar’s personal favourite as well. The guy speaks from the heart, and that’s a rarity these days. Well, time to go to save humanity…

#131 Linda on 05.12.21 at 10:30 am

#95 ‘Dom’ – an excellent point for all those considering moving to a new locale, especially if planning to move to a small town or rural location. The odds of requiring more health related services do increase with age; the problem with relocating is not getting a place to live. Instead, it is access to a family physician, proximity to a hospital or access to age in place support services that is the hidden pickle in the honey jar. I’ve acquaintances who plan trips ‘home’ to visit family to include medical appointments because they have not been able to find a family doctor where they live now. They’ve been living out of province for more than 3 years thus far & still no luck. Want to see envy? Boast that you’ve scored being taken on as a patient with a local physician.

#132 Sail Away on 05.12.21 at 10:55 am

#129 IHCTD9 on 05.12.21 at 8:43 am
#128 Dharma Bum on 05.12.21 at 8:29 am

Savour the moment. I know I did. Satisfaction and relief.

Simultaneously humble yourself, however, as the ultimate truth is, nobody cares, and most people are jealous and resentful.

Go quietly amongst the masses.

———–

Yep, can’t tell anyone about several different successes unless they are in the same boat as you for the topic at hand. Misery loves company, hates everyone else.

———–

It’s innate with seagulls, jackals, and rat colonies

#133 Sara on 05.12.21 at 10:59 am

#114 Blackened chicken on 05.12.21 at 12:38 am
#139 Sara on 05.11.21 at 2:05 pm

Yahoo! Today, my daughter got her acceptance letter for medical school at Queens. 87 applicants accepted out of approximately 5700 applications. So pumped. Just had to share with you dogs

______________________

Why did you feel the need to share this with people you don’t know, who don’t know you and you’ve probably never met …. on a financial blog?

I do hope it makes you feel better though!

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

In hindsight, I should not have. Thanks for your kind words though.

We share your family’s pride, Sara. – Garth

#134 Sara on 05.12.21 at 11:15 am

@Garth, Awwe. That was sweet. Thanks Garth. :)

#135 Ponzius Pilatus on 05.12.21 at 11:23 am

#129 IHCTD9 on 05.12.21 at 8:43 am
#128 Dharma Bum on 05.12.21 at 8:29 am

Savour the moment. I know I did. Satisfaction and relief.

Simultaneously humble yourself, however, as the ultimate truth is, nobody cares, and most people are jealous and resentful.

Go quietly amongst the masses.
___

Yep, can’t tell anyone about several different successes unless they are in the same boat as you for the topic at hand. Misery loves company, hates everyone else.
———————-
Well, I think it’s only natural.
Your kid just took a spot away from another kid.
Best kept among family and friends.
Personally, I would be equally proud of my kids if they decided to become plumbers.

#136 Wrk.dover on 05.12.21 at 11:40 am

Come on Man, my 70 year old pipe never broke once yet.

Let me run it through Chicago’s source of drinking water until I feel like replacing it after I make many more profits with it first.

If it was Americas nasty old pipe in our water supply, what would we do?

#137 Another Deckchair on 05.12.21 at 12:00 pm

Hey Sara;

Garths’ right – accomplishments like that are worthy of celebrating.

My dad was a Doctor, and gave the world more than he took, by a long shot. It was a profession he absolutely loved and he excelled at.

He was a GP, and in his final years he was in a retirement home and was very well taken care of – smallish town, he was either the family doctor of a number of the staff, and/or did the obstetrics stuff for the families. Always did house calls. What he gave to others, the staff gave back, in droves, in his final years.

Go Girl!

#138 Don Guillermo on 05.12.21 at 12:00 pm

#136 Wrk.dover on 05.12.21 at 11:40 am
Come on Man, my 70 year old pipe never broke once yet.

Let me run it through Chicago’s source of drinking water until I feel like replacing it after I make many more profits with it first.

If it was Americas nasty old pipe in our water supply, what would we do?
***********************************

I say shut it down and then come up with a plan

#139 Sail Away on 05.12.21 at 12:13 pm

#135 Ponzius Pilatus on 05.12.21 at 11:23 am

I would be equally proud of my kids if they decided to become plumbers.

———

Plumbers earn a pretty penny and they can practice on your pool after my morning visits. Speaking of which…

#140 Sara on 05.12.21 at 12:49 pm

“Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and stabilize prices.

About 70 per cent of Canadians responding to a new Nanos Research poll conducted for Bloomberg News said the sharp increase in home prices was a major problem for the economy. Almost half were at least somewhat in favor of the Bank of Canada raising its overnight rate to slow the rise, even though such a move would also increase the cost of credit lines, credit cards and other debt….

Canada’s housing agitators often portray the issue as a conflict between the old and the young, and the propertied and the property-less. But the Bloomberg survey, conducted from April 29 to May 3, suggests that may not be the case. Even though 18 per cent of respondents 18 to 34 said they “support” increasing interest rates to slow the rise of housing prices, compared with 13 per cent of respondents over age 55, the older group was even more likely than the younger group to say they “somewhat support” an increase.

“I think it’s pretty clear to most people that housing in this country is all but out of control,” Benjamin Reitzes, a Canadian rates and macro strategist at BMO Capital Markets, said by email. “While it’s nice to have an appreciating asset, it makes moving to the next home that much more expensive. In addition, for those with kids, it makes you wonder how they’ll be able to afford a home if this continues.””

https://www.bnnbloomberg.ca/freaked-out-canadians-open-to-rate-hikes-to-cool-hot-housing-market-1.1602741?fbclid=IwAR2Djw7gMP9Tr8KbQcc08MYxWT8CC8stqRKMdzRKRsGWZmjr5BO1oNN5yfI

#141 IHCTD9 on 05.12.21 at 1:21 pm

#139 Sail Away on 05.12.21 at 12:13 pm
#135 Ponzius Pilatus on 05.12.21 at 11:23 am

I would be equally proud of my kids if they decided to become plumbers.

———

Plumbers earn a pretty penny and they can practice on your pool after my morning visits. Speaking of which…
___

I got a nephew who is likely just about done his apprenticeship as a plumber. The great thing about being a plumber, is the vast expanse of options.

Wanna be your own boss? One Man show, or 50 employees? Private or Union? Residential or Industrial? Want to work like mad and make 160K? How about work only half a year, live in a small town, and still pull in 60-70K?

All of this is possible, and probably easier to achieve than it’s ever been, at least here in Canada. Zero debt to get your ticket, live almost anywhere. Sweet!

#142 some guy on 05.12.21 at 6:01 pm

Covid really exposed how fragile our healthcare system is. Now we have a 3.5 year backlog in Ontario of 400,000 surgeries.

This has me thinking about needing money to pay out of my pocket if I want something done in a timely fashion.

It’s a depressing thought.