A moment in time

So now there are bidding wars for rental houses. Reports are showing up documenting ten or a dozen families competing to lease a SFH, offering above-market rates or offering to prepay six months or a year. No wonder. Most people who do not own cannot afford to buy, given the pandemic bulge in prices. Nor should they, if doing so would gut their finances.

Meanwhile more scare stories coming out of the DT condo business. Last year prices slumped by about a fifth and rental rates crashed 20%. But that was then. This is now. Eighty per cent of the herd is vaxed these days and half are fully inoculated. Everything changed right around Canada Day.

So agents are telling renters they’d be wise to sign a lease immediately, to lock in a price still lower than in late 2019. Because, they warn, there’s only one direction in which costs will go – especially as cash-strapped cities raise property tax rates and throw around ’empty house’ levies.

Last week Toronto unveiled a big plan to repopulate the gleaming towers in the core. The province just announced the next phase of its reopening has been advanced. In a city of six million there were but two dozen Covid cases announced on Saturday. As I walked through the King Street entertainment district that night the mood could be described as euphoric. Unbridled. The cafes are sold out. Sidewalks jammed. Masks optional. Hugs and embraces. Glam everywhere.

The downtown streets here are metaphoric of urbanity everywhere. Covid is over. 2020 never happened. By Labour Day Toronto, Halifax, Calgary, Montreal, Vancouver and every other city will be lurching into full pre-pandemic normality. WFH will be under serious pressure. Commuting will be a thing again. The stores, clubs, salons, gyms, restaurants, airports and highways will look just as you remember them two years ago. As this blog has said for ages – right back to March of last year – (a) pandemics are temporary. They always pass. And, (b) it’s wasn’t different this time.

Stock markets – all of them, pretty much – closed at record highs Friday. Lots more to come. The dip in bond yields was a temporary aberration. The reopening trade continues. Central banks have not let up on the gas. Biden’s spending more money than God. Canada’s about to get a federal election called next month that will trigger an explosion in new promises. Household savings are massive and we haven’t had a personal rate this high since people were humming ‘Rhinestone Cowboy’ on the subway.

Those who think the virus is coming back, that we’re on the cusp of a recession or an imminent debt crisis have it wrong. GDP growth in the second half of this year will be the greatest in at least 12 years. There will be (as mentioned last week) more jobs available than people willing to fill them. That will hike overall wages, and guarantee an inflation rate we’ve not seen in a long time.

The implications:

  • Yeah, sign the lease now. The city is about to fill up.
  • If you’re in love with GICs, you’ll finally get some good news. Yeah, they’re still awful, illiquid investments but you will see 4%.
  • CIBC figures the US central bank rate will go from its current in-the-ditch level (0-.25%) to 2.5% in a few years. That’s a big deal. Our CB will follow. So will mortgages.
  • Lots of new condos coming online, but even that increased supply the trend for prices of DT living spaces will reverse.
  • This pandemic is over, even as the virus rages among the unvaccinated. The economic damage will be recovered and we’re into a multi-year expansion. Corporate profits are estimated to be 40% higher (at least) in the next few quarters. No wonder stocks have leapt.
  • The suburban, hick-city, rural real estate infatuation will end fast when recent buyers face the cost and toll of trekking back to work. Many of those high-salaried while-collar types who thought they could WFH forever from a cottage on a lake two hours away are in for a hefty surprise. The big choice is coming – career or canoe.

Of course, you’ll probably be made to mask up for flights for a year or two. Covid-19 booster shots will be an annual event. Politicians will eventually have to stop hiding behind states of emergency. And, inevitably, we will face a day of tax-and-austerity reckoning for the way we all handled the slimy little pathogen.

But until then, rock out.

About the picture: “Saturday morning, we put down our dear old dog Cepeda,” writes Lindsay. “She was the best member of our family for 15 years. She was unique, beautiful, loving, and loyal. I don’t really know what to do now, I find myself sharing pictures of her with you. Here she is, in her glory. Thanks for all you do Garth.”

103 comments ↓

#1 Drill Baby Drill on 07.11.21 at 12:13 pm

It is often said “we get the governments we deserve”. Do Canadians really deserve Trudeau? Who really ultimately benefits from governments being leveraged to the hilt?

#2 Ponzius Pilatus on 07.11.21 at 12:30 pm

Bring on the “Roaring Twenties ll”.

#3 Prince Polo on 07.11.21 at 12:35 pm

The day of reckoning will be a day of wreck’ning for many. No fears for the astutely pathetic blog dogs who follow the 60/40.

#4 crowdedelevatorfartz on 07.11.21 at 12:38 pm

The record setting stock markets in Summer do have a bit of unreality about them.

The ONLY thing O’Toole can hope to achieve in the looming election is to hammer Trudeau again and again and again on his ruinous spending policies and let people know the Liberal Fandango is almost over.
Its unsustainable.
Oh for Paul Martins austerity.

Get Little Potato another well deserved minority govt.
If that happens ….the knives will be out.
Carney or possibly Wilson Raybould make a run for the Leadership.

Talked to a friend in Ottawa today.
His wife is an accountant.
The amount of RETIRED people that applied and received CERB money is breath taking.
The tax implications of CERB and receiving a pension cheque…… means they will be paying taxes.
Also
The rumor is the govt wont be demanding repayment during an election year if ever….

#5 Quintilian on 07.11.21 at 12:47 pm

I cite Garth’s synopsis above of the Canadian economy to unequivocally declare that Justin Trudeau and Chrystia Freeland have done an outstanding job, to the degree that their party will be in power for many decades.

#6 Tina Dube on 07.11.21 at 12:53 pm

If we get 4% GIC’s, now there are 10 year GIC’s that are CDIC insured should somebody lock in at 4% for 10 years when or if that happens. What about strip bonds for RRSP’s, TFSA’s and Canada, provincial bonds for non-registered money with 4% or higher rates?

#7 wfh on 07.11.21 at 12:57 pm

you keep mentioning the WFH people who moved away but will have to return, what about the WFH people who didn’t and won’t?

for every person who rushed to move out of the city, there is a person who prudently resisted, but now has that option because their WFH situation has been officially made permament

#8 Don Guillermo on 07.11.21 at 1:00 pm

#1 Drill Baby Drill on 07.11.21 at 12:13 pm
It is often said “we get the governments we deserve”. Do Canadians really deserve Trudeau? Who really ultimately benefits from governments being leveraged to the hilt?
*****************************************

Canadians absolutely deserve Trudeau.

#9 Nonplused on 07.11.21 at 1:04 pm

Time for some betting on today’s game. Specifically, I am interested in the total damage in London and throughout England in the case that they lose today. But also an interesting bet will be the total damage should they win.

In any case I expect all covid restriction will be ignored for at least the next 24 hours.

#10 Ustabe on 07.11.21 at 1:13 pm

#94 Mean Guy on 07.11.21 at 11:47 am

#80 Ustabe

Where’s the website, email address and membership card for the “right wing extremist” group?

GOP.com.

boebert.house.gov

And just Google up GOP/Republican membership card and see what you get.

#11 TurnerNation on 07.11.21 at 1:19 pm

On the Economic Shutdowns. Is Ontariowe run totally by the Public Unions?
Anything to shut down in-person learning?

https://twitter.com/anthonyfurey/status/1413860660866387968?s=19
Anthony Furey @anthonyfurey
When one Toronto school found a new variant case a few months ago, they tested 300 kids and found that one case had spread to a grand total of zero other people. This is not an exception — it is the norm:

As Dr. David Williams explained multiple times, COVID-19 was never really spreading in schools — regardless of which wave or variant.

Too many Ontarians never realized that “cases in schools” did not mean “cases acquired in schools”. But once you understand that, you begin to see how all of the arguments & misleading charts that have been used for months to scapegoat our kids & keep schools closed falls apart.

—-
———-
All the old culture must be torn down Comrades. No fun and definately no collaborating or plotting allowed.

.In Ireland, there is expected to be a time limit of one hour and 45 minutes in bars and restaurants when they reopen (amp.rte.ie)

People say that Australia is the test zone.
We’re not looking at permanent global lockdowns and global military rule are we?

. Sydney records 77 new cases as NSW Premier is urged to call in military (nzherald.co.nz)

.Sydney lockdown to extend beyond August, top doctor predicts (9news.com.au)

.Bangkok + 9 other Thai Provinces entering into full lockdown & curfew, with police checkpoints/patrols to ensure people don’t leave home for “non-essential” reasons.

.South Korea raises Covid restrictions to highest level in Seoul (theguardian.com)

– A 90 year old passed away.

Australia reports first 2021 local COVID-19 death, highest case number (reuters.com)
https://www.reuters.com/world/asia-pacific/australia-reports-first-2021-covid-19-death-highest-case-number-2021-07-11
The death, the country’s first locally contracted case since December, involved a woman in her 90s.

#12 IHCTD9 on 07.11.21 at 1:20 pm

#5 Quintilian on 07.11.21 at 12:47 pm
I cite Garth’s synopsis above of the Canadian economy to unequivocally declare that Justin Trudeau and Chrystia Freeland have done an outstanding job, to the degree that their party will be in power for many decades.
———

Great, my house might crack a million yet!

Boomers and Gen X are going to vote for Trudeau in droves. Huge portfolio gains, massive RE appreciation, and best of all – they won’t have to foot the bill for it!

#13 Sara on 07.11.21 at 1:22 pm

#93 Faron on 07.11.21 at 11:35 am
#80 Ustabe on 07.11.21 at 3:15 am

Zing!

New right tactics:

1) present plausible sounding story (directly culled from Tucker Carlson’s talking points) as “fact”
2) try to defend it
3) fail at defending it because factually incorrect 95% of time
4) resort to bluster and bullying
5) deflect with a Whattaboutism or two
6) point out how well off they are
7) pretend the lie never happened.

For the majority who see this for what it is, it’s a destructive joke. The purveyors are jokes of humanity that inflict real harm and pain and even death by their proxy. Sail Away, you are a joke, a farce, a clown, even a blind idiot who dresses up as a quasi wise purveyor of real truths. Those truths are mostly flimsy pseudo-philosophy.

Finally, you are addicted to commenting on Garth’s blog and your inability to “choose” not to comment here is a hilarious indictment of one of your flimsy truths. If you had an ounce of integrity, you would be embarrassed by your actions. Grow up and get a damned life.

=====================
Yup.

#14 Nonplused on 07.11.21 at 1:23 pm

“And, inevitably, we will face a day of tax-and-austerity reckoning for the way we all handled the slimy little pathogen.”

I’m not sure I see a way out there. There isn’t anything left to tax and government debt only goes up. So my guess is the market reprices everything through sustained inflation, which will cut the real debt burden by some 30% or so while the cost of living goes up by a similar amount, maybe met with wage increases (and thus higher tax revenue) at the same time.

The supply shortages will take some time to undo, so there is that too.

So I expect the covid madness will be paid for the same way governments pay for the madness of war; inflation.

#15 OriginalAlex on 07.11.21 at 1:24 pm

Career or canoe?…. Canoe I guess. Starting to see lots of job offers. Sorting by WFH possibility right now.

#16 Joseph R. on 07.11.21 at 1:30 pm

#1 Drill Baby Drill on 07.11.21 at 12:13 pm
It is often said “we get the governments we deserve”. Do Canadians really deserve Trudeau? Who really ultimately benefits from governments being leveraged to the hilt?

————————————————————-

Who gets to determine who we “deserve” as PM? You know better than Canadian citizens?

#17 IHCTD9 on 07.11.21 at 1:34 pm

#7 wfh on 07.11.21 at 12:57 pm
you keep mentioning the WFH people who moved away but will have to return, what about the WFH people who didn’t and won’t?
———-

In the lead up to the WFH movement, in my area; a decent house went for 450k, that’s about an 1800.00 mortgage payment. A dual income couple who is being forced back into a far flung metro office could conceivably find local employment and comfortably cover that bill.

For those that bailed out early enough, a choice between career and lifestyle will likely exist. We have one family in our little podunk who moved in early last fall, paid 465K for a very nicely just renovated bung, courtesy of a flipper. I’ll be watching to see if they bail, my bet is they don’t. They’ve really settled in, an ATV and fishing boat made an appearance this spring. :)

#18 Joseph R. on 07.11.21 at 1:37 pm

#10 Ustabe on 07.11.21 at 1:13 pm
#94 Mean Guy on 07.11.21 at 11:47 am

#80 Ustabe

Where’s the website, email address and membership card for the “right wing extremist” group?

GOP.com.

boebert.house.gov

And just Google up GOP/Republican membership card and see what you get.

————————————————————–

The GOP is right since they voted against certifying the November elections results and thereby, ignored their constitutional obligation.0

You can also include the groups present at the January 6 insurection: Proud Boys, Oathkeepers, Q, etc….

#19 SoggyShorts on 07.11.21 at 1:58 pm

About a year ago when I simplified my PF I bought VOO at just under 300 and I recall watching nervously later as it dipped back and forth across that 300 line in October.

“If it just stays over that 300 my plan to retire November 1st will be fine” I thought…

Hit 400 on Friday!

#20 joe kahn on 07.11.21 at 2:06 pm

Some say swinging twenties are back. I am going for the ride.

#21 Winterpeg on 07.11.21 at 2:07 pm

re: #4 CEF
Retired people applied and got CERB?!
With a rumour of no repayment?!
Good grief!
Yes we need a Paul Martin type finance minister.

#22 Faron on 07.11.21 at 2:07 pm

#97 Sail Away on 07.11.21 at 12:09 pm

Wow. I, personally, would not speak to me that way

’cause
1) speaking to one’s self is insane? Or
2) doing so would be a leap of cognitive dissonance even for you? Or
3) you are already invoking step 4 in my previous?

#23 Debt crisis on 07.11.21 at 2:20 pm

Hi Garth
It’s hard to argue with you, but this time I believe you are wrong about debt crisis. It may not be this year or next or 2023 but it’s coming. Government spending is unsustainable.
Especially if Trudeau et all get a majority and maybe worst if a minority and Singh keeps playing the puppet strings.

I remember in the 90s when we were called a banana republic and our dollar drop to almost 50 cents. Can we get out of the mess like last time? Is that why your upbeat about no debt crisis Canada has what the world needs and we can inflate debt away?

You yourself have pointed out Trudeau massive debt is the highest the G7 and another 100 billion this year is unprecedented ! And Biden is spending more than God your words not mine. So why do you not worry about debt crisis?

For now I am staying on the train.

For what it’s worth,
It’s time for you to dust off the debt clock and take a country tour. Make Canadians understand we cannot continue to spend without consequences !

Have a great weekend.

Yes, it’s coming. But not soon. More people to be ensnared first. – Garth

#24 Joe on 07.11.21 at 2:25 pm

Who needs Ms Cleo. Thanks for the predictions Garth!

#25 Stone on 07.11.21 at 2:29 pm

Last week Toronto unveiled a big plan to repopulate the gleaming towers in the core. The province just announced the next phase of its reopening has been advanced. In a city of six million there were but two dozen Covid cases announced on Saturday. As I walked through the King Street entertainment district that night the mood could be described as euphoric. Unbridled. The cafes are sold out. Sidewalks jammed. Masks optional. Hugs and embraces. Glam everywhere.

———

Masks optional? Where? I was in Toronto most of this week. Nowhere did I see masks optional. Most everyone kept a respectful distance even on the sidewalk. People sitting and eating on the patios? Of course they’re not wearing masks. Same for most people who keep 2 meters or so apart on the sidewalk. Plenty wearing masks though even 2 meters apart. Hugs and embraces? Glam everywhere? We’re talking about Toronto here, right?People in Toronto don’t hug and embrace. That’s anathema. Nor is there any glitz or glam. It’s Toronto…let’s get real here.

Thanks for the hyperbole. I did get a good laugh. Glam…I’m still laughing hard.

You’re in the wrong hood. Come join me. – Garth

#26 paulo on 07.11.21 at 2:35 pm

Well some interesting developments up in barrie ontario,college central,and land of service job employment level wages: 3rd or 4th highest rental cost in the country go figure. douchebag speculators playing the rental bid scam, just more damage caused by indifferent liberal goverment,and there appointed brain dead incompetent central bank so called leader. a lot of foreign students are cutting courses med term and changing to US based colleges,major reason: excessively high lodging,and tuition costs…….. im told by many that there friends and family are now actively avoiding canada for education or immigration due to poor employment prospects and enormously expensive lodging costs, lets face it things look better state side now from both a housing and employment point of view. to the realatards pumping the possibility of more massive gains from immigration hold the phone on that one, the speculators that purchased “Student rental properties” are hitting the exit door in these parts and selling them off. in my opinion we can not get rid of the liberal goverment and its central bank stooge fast enough although not likely to happen. what will unfold is the worst housing and logging disaster ever seen in this country powered by bad goverment and tax policy!

#27 Quintilian on 07.11.21 at 2:36 pm

Those of you right wingers who have even the most rudimentary knowledge of economics, would know how money is created.

And you would know the outstanding national debt, in a modern advanced economy, has no more weight/real value than bitcoins.

They are both a man-made/woman-made illusions.

#28 Axehead on 07.11.21 at 2:43 pm

#2. Remember what followed the roaring 20’s.

I think we learned that lesson. In about 1936. – Garth

#29 Summertime on 07.11.21 at 2:57 pm

Weimar republic before the inflation hit. As in the movie Cabaret. Glamor and glitzy.

All is rosy until it is not. I was looking really hard at where is the economy that justifies current lifestyle and I simply can’t see it. All I see it horrendous inflation. Watch the food prices.

Now off to the game England-Italy.

#30 Sail Away on 07.11.21 at 2:59 pm

#22 Faron on 07.11.21 at 2:07 pm
#97 Sail Away on 07.11.21 at 12:09 pm

Wow. I, personally, would not speak to me that way

———

’cause
1) speaking to one’s self is insane? Or
2) doing so would be a leap of cognitive dissonance even for you? Or
3) you are already invoking step 4 in my previous?

———–

No. Because this: ‘Sail Away, you are a joke, a farce, a clown, even a blind idiot’ is elevating to unretractable personal insult for absolutely no benefit. Foolishly childish disrespect.

#31 Barb on 07.11.21 at 3:11 pm

We all know how sad that is, Lindsay.
Our condolences on the loss of a best buddy.

#32 Sail Away on 07.11.21 at 3:26 pm

#19 SoggyShorts on 07.11.21 at 1:58 pm
About a year ago when I simplified my PF I bought VOO at just under 300 and I recall watching nervously later as it dipped back and forth across that 300 line in October.

“If it just stays over that 300 my plan to retire November 1st will be fine” I thought…

Hit 400 on Friday!

———-

Haha, congrats! The snowball gains momentum.

#33 Lefty on 07.11.21 at 3:30 pm

Rents going up in USA cities too. People are about to find out why the burbs cost less.

https://www.msn.com/en-us/money/realestate/rent-prices-are-soaring-as-americans-flock-back-to-cities/ar-AALZFye

#34 JSS on 07.11.21 at 3:32 pm

The rising house prices and rising rental rate situation described above applies to pretty much every Canadian city – TO, Van, Calgary, Winnipeg, Ottawa etc.

Except in Edmonton, where it’s different than the rest of the country. Housing prices and rental rates here are stagnant. Hearing anecdotally that rent rates are dropping in Edmonton, but rising in Calgary. Houses in Calgary are about 30% higher compared to Edmonton, but the household incomes are close.

#35 IHCTD9 on 07.11.21 at 3:54 pm

#27 Quintilian on 07.11.21 at 2:36 pm
Those of you right wingers who have even the most rudimentary knowledge of economics, would know how money is created.
——-

We sure do: bad monetary and fiscal policies.

At least, that’s what has been “creating money” for me personally over the last few years…

#36 Nonplused on 07.11.21 at 3:57 pm

#27 Quintilian on 07.11.21 at 2:36 pm
Those of you right wingers who have even the most rudimentary knowledge of economics, would know how money is created.

And you would know the outstanding national debt, in a modern advanced economy, has no more weight/real value than bitcoins.

They are both a man-made/woman-made illusions.

————————————

Tell that to the pension funds and foreign central banks that hold most of the debt. They forked over real money to buy those bonds and they expect to be paid back at some point, or at least be able to be paid back if they so chose to cash out.

The debt won’t matter until one day it does. Then it will matter a lot. Sort of like your credit card balance.

#37 BoJo the British PM clown IN CHIEF on 07.11.21 at 4:04 pm

DELETED

#38 Toronto manz on 07.11.21 at 4:10 pm

What happens to those who paid over $100,000+ for a cottage-sized home in Barrie or in the middle of a disputed Indigenous land zone like Caledonia?

#39 SOMETHINGS UP!! on 07.11.21 at 4:21 pm

This blog has certainly kept me grounded throughout this entire ordeal.

I am just glad Covid is finally under control.

1st stop….. Reunite with family and friends!

#40 drydock on 07.11.21 at 4:26 pm

Fifteen days to flatten the curve:
17 March, 2020
482
days ago.

#41 Summertime on 07.11.21 at 4:35 pm

https://betterdwelling.com/bank-of-canada-is-discrediting-its-own-inflation-research-puzzling-economists-nbc/

Bank Of Canada Discredits Its Own Inflation Research

Out of room to lie about inflation, I guess.

#42 Shawn on 07.11.21 at 5:01 pm

I hope your right about the pandemic ending. I’m still worried we will be in full lockdown by Thanksgiving because of delta or Epsilon or some other variant. I guess time will tell.

#43 crowdedelevatorfartz on 07.11.21 at 5:02 pm

@#13 Subservient sara
“Yup.”

+++
Your loquaciousness is only surpassed by your fawning for Faron.

#44 TurnerNation on 07.11.21 at 5:06 pm

Fact: I am struggling counting the toll of this pandemic. Of my many deep networks, hundreds knowing hundreds – personal and business- and many more I’m still stuck at exactly 0.00 sick people since Mar/2020.

— Predictive programming much? This scare report covers getting rid of pets – that one small comfort – and also getting rid of meat-animals. Ho hum Et tu, WEF? We’ll be eating bugs, own nothing and be happy?

https://www.mirror.co.uk/news/uk-news/superbug-passed-dogs-humans-risks-24508690
Scientists are warning of a nightmare scenario where humans pick up the bug which is known to create resistance to life-saving drugs, according to The Telegraph.
The mcr-1 gene was first reported in China in 2015 and is resistant to colistin, an antibiotic used to defeat bacterial infections which other drugs can not tackle.
Experts have warned for years that overuse of colistin, especially on meat-producing animals, risks the rise of mutant genes that could make the drug useless.
Now a study has found that the mcr-1 gene is being passed on from dogs to humans.

——
So uhh does it work or not?

.Israel offers third shot of Pfizer COVID-19 vaccine to adults at risk (reuters.com)

—-
– For Dolce and Crew. What do you make of this. From the CDC. Scroll down to ‘Most Frequently list co-mobidities..’

The fine print says:
“There were co-morbidities or other conditions listed on the death certificate for as many as 95% of all COVID deaths. The other 5% deaths where COVID was the only condition was likely related to a lack of detail listed about other present conditions.”
https://www.cdc.gov/nchs/covid19/mortality-overview.htm

https://www.usatoday.com/story/news/factcheck/2020/04/24/fact-check-medicare-hospitals-paid-more-covid-19-patients-coronavirus/3000638001/
Fact check: Hospitals get paid more if patients listed as COVID-19, on ventilators

———————-

— Almost back to normal eh! Think 2022-23, or 2025 for a full global reset. Blackrock, Vanguard, Fidelity, State Street et all – who have more money than god will surely swoop in and scoop up assets for pennies.

.South Africa enters strict lockdown to combat ‘extremely serious’ impact of Delta variant (cnn.com)

#45 IHCTD9 on 07.11.21 at 5:08 pm

#18 Joseph R. on 07.11.21 at 1:37 pm
#10 Ustabe on 07.11.21 at 1:13 pm
#94 Mean Guy on 07.11.21 at 11:47 am

#80 Ustabe

Where’s the website, email address and membership card for the “right wing extremist” group?

GOP.com.

boebert.house.gov

And just Google up GOP/Republican membership card and see what you get.

————————————————————–

You can also include the groups present at the January 6 insurection: Proud Boys, Oathkeepers, Q, etc…
—— —-

I’d characterize those folks as extremists, not right wingers. Same category as the thug element of BLM and Antifa.

Even though I’m a right winger, I try to be careful not to paint left wingers and looters with the same brush stroke. I surely don’t identify with the Proud boys etc…

#46 Dolce Vita on 07.11.21 at 5:26 pm

But until then, rock out.

-2 thumbs up!

My attitude precisely even with the bad news of Delta coming from the UK and now in some nations in the EU.

Wait and see. Worry then.

In the meantime:

Bring it on. Life is short.

#47 Justin S on 07.11.21 at 5:28 pm

Great post today Garth. I’ve been a daily reader for about 5 years now, and you have been 100% bang on with respect to the pandemic.

Thank you for the great daily blog!

#48 Dolce Vita on 07.11.21 at 5:55 pm

But until then, rock out.

———–

…Italia just did.

Euro 2020 Campioni.

Absolute mayhem outside.

Taking your advice Garth…I’m going to be a part of it all!

Viva L’Italia.

#49 cuke and tomato picker on 07.11.21 at 6:03 pm

I think Trudeau will win the next election he is giving away money around B.C. Also seniors over 75 will get an extra
five hundred in August and ten per cent increase on OAS.
He will grab the senior vote. We personally like the fact that he is clean shaven and got his good hair back. He
will continue to give goodies away across Canada.

#50 Vodka Martinis on 07.11.21 at 6:11 pm

If GIC’s will pay 4%, doesn’t that imply stocks will underperform? Risk appetite must wane as safe assets pay more.

#51 Steel City Kid on 07.11.21 at 6:19 pm

Dolce Vita and Don Guillermo — I raise a sad glass to your team, victorious in the most brutal nail-biting penalty shootout. Earlier today saw a UK supporter with his whole shaved head painted white with red stripes, heard car horns tooting as people headed off to their viewing places, and much singing of Achy Breaky Heart and Three Lions. Now, just a sad silence punctuated by defiant yelling and sirens. Italy kicked England’s backside. Cheers!

#52 SO on 07.11.21 at 6:20 pm

In the US the dog pounds and animal shelters are filling up with dogs, now that people are going back to work and the lock down is ending

#53 My Body My Choice on 07.11.21 at 6:20 pm

The restrictions will be eased just long enough to get Trudeau 2.0 the Boy Blunder re-elected, then back to the Gulag for everyone.

They chose the Greek alphabet for a reason. You are presumed sick until proven healthy, guilty until proven innocent.

#54 Dolce Vita on 07.11.21 at 6:39 pm

#50 Steel City Kid

Grazie.

Total insanity outside in Pordenone and across the nation as I type – deafening.

Even the Americans from the Aviano Air Base nearby in on it too. Out with their Mustangs and Harley Hogs parading on the streets with us Italiani, conspicuous as they are and greatly appreciated by me. All the way USA (and Canada).

From our President (who was at Wembley) to you tifosi on our win:

https://twitter.com/Palazzo_Chigi/status/1414344506674237446

—————–

Grazie Garth for letting this go on your blog.

Mille, mille grazie.

#55 Dr V on 07.11.21 at 6:53 pm

42 fartz – and she had been doing so well, trading sly,
witty barbs with you. I was enjoying the banter.

#56 Well travelled on 07.11.21 at 7:04 pm

As a westerner, I marvel at all the comments complaining about T2 and the Libs when in fact we know that east of Manitoba, the Liberals are all but guaranteed to walk away with a majority. Assumely many of your readers are from the east given that the majority of the population live there. Begs the question – who votes Liberal if everyone is unhappy?
Could a change to give O’toole a shot really be worse than what we have now?

#57 Arnold Slapper on 07.11.21 at 8:02 pm

DELETED

#58 Quintilian on 07.11.21 at 8:12 pm

#36 Nonplused
“Sort of like your credit card balance.”

False equivalent; individuals cannot tax, furthermore they cannot print money if they tried, they would go to jail.

#59 Nonplused on 07.11.21 at 8:16 pm

120 minutes later plus injury time and it all came down to one PK hitting the goal post. I am sure there is a life lesson in there but I am not sure what it is.

Oh well it might have ended the same way if it went to sudden death. One never knows. I suppose life is one long sequence of seemingly random events the outcome of which we cannot predict had things turned out slightly different.

#60 crowdedelevatorfartz on 07.11.21 at 8:16 pm

@#51 SO
“In the US the dog pounds and animal shelters are filling up with dogs, now that people are going back to work and the lock down is ending.”

+++++

To be expected in the “me first” disposable societies we live in.
When a living, breathing cute, cuddly animal becomes to much bother after a year of growing up.
Taking the pet for a walk after a day in the Salt Mine.
Poo retrieval isnt so glamourous…….

#61 kommykim on 07.11.21 at 8:22 pm

RE: #40 Summertime on 07.11.21 at 4:35 pm
https://betterdwelling.com/bank-of-canada-is-discrediting-its-own-inflation-research-puzzling-economists-nbc/
Bank Of Canada Discredits Its Own Inflation Research
Out of room to lie about inflation, I guess

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

They just want to cherry pick the data that supports the “inflation is low” narrative. They really are shameless.

#62 Nonplused on 07.11.21 at 8:24 pm

#53 Quintilian on 07.11.21 at 8:12 pm
#36 Nonplused
“Sort of like your credit card balance.”

False equivalent; individuals cannot tax, furthermore they cannot print money if they tried, they would go to jail.

———————————

It is an excellent equivalent. Taxation has its limits and so does printing money. We are not collectively richer through the government than we would be if you added up the sum of us individually.

There are only 3 things that produce wealth; resources, labor, and technology. Money is not wealth it is simply accounting and taxes are not wealth either they are just redistribution.

If the government prints excess money beyond the needs of commerce you get inflation. If they tax all that happens is the person paying taxes has less disposable income while someone else, maybe the bond holders or maybe someone receiving CERB, has more.

Outside of enforcing the rule of law and national defense, governments cannot produce wealth, they only redistribute it.

#63 Patty on 07.11.21 at 8:24 pm

I think the Globe and Mail is onto something. The market rebound has hit its peak, and there is now huge risk ahead.

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-reaching-a-peak-the-economic-rebound-is-topping-out-and-stocks-are-at/

Forget the roaring twenties. We may be heading right into a repeat of the 1930s.

#64 crowdedelevatorfartz on 07.11.21 at 8:30 pm

@#54 Dr V
“I was enjoying the banter.”

++++

Praise indeed.
I always want keep Dr’s happy.
Especially when they may specialize in Vasectomies.

#65 crowdedelevatorfartz on 07.11.21 at 8:44 pm

@#44 IHCTD9
“I surely don’t identify with the Proud boys etc…”

++++

Yep.
Trying to lump a card carrying liberal wearing an orange shirt to a church burning idiot is a bit of a stretch.

Although the Proud Boys ( now illegal in Canada) have nothing over the US version of Boogaloo Bois and their Hawaiian shirts….

https://www.insider.com/boogaloo-bois-protest-far-right-minneapolis-extremist-guns-hawaiian-shirts-2020-5

#66 Mattl on 07.11.21 at 8:46 pm

I have a hard time believing that a meaningful number of people bought homes in the country without first understanding what their post Covid work lives would look like. My company has been telling us what post Covid life would look like for a while, no one is going to be caught unaware. And WFH has been expanding at double digits, and the migration to the country is not a new phenomenon. We live on an acreage and yy neighbors are all WFH and have been for 5+ years.

One thing workers aren’t understanding is that their next job might not have the same flexibility. I think this is where people will be caught – job loss, and a lack of suitable wfh jobs.

But the idea that there is a statistically meaningful number of workers that bought 2 hours outside the city and will be surprised they need to go back sounds like a different version of the mortgage deferral cliff. Which was a non event.

#67 Nonplused on 07.11.21 at 8:48 pm

#87 crowdedelevatorfartz on 07.11.21 at 10:26 am
@#79 Nonplused
“My napkin says that the difference between the electricity we have and the electricity we need will result in a lot of tears. ”

++++

Yep.
Even the huge site C Dam is essentially being built for “cheap” “clean” power for the Liquid Natural Gas industry.
You need lots of power to super cool Nat Gas into Liquid Nat Gas.

Site C wasnt about the environment…..it was about attracting big biz to Northern BC to build a LNG refinery and distribution terminus in Prince Rupert.
Nothing more “green” than that.

———————————-

Well, you can also use natural gas to liquify natural gas, but it is all about the CO2 emissions these days. So by using electricity to liquify the natural gas you move the smoke stack to the country that is consuming the liquified natural gas. In the end it results in no net reduction in CO2 emissions, but it does move the smoke stack. That seems to be the nature of the game these days. Move all the smelly, dirty, toxic, CO2 emitting operations involved in building solar panels and wind turbines to China and then declare ourselves “green”. And if there is the odd human rights violation, oh well. I can’t pay more than $30 for a pair of shoes.

#68 truefacts on 07.11.21 at 8:52 pm

@#55 Well Travelled…

“Begs the question – who votes Liberal if everyone is unhappy?”
_______________________________________

Financial blogs are an unrepresentative sample. Some areas in Ontario are reliably Conservative (rural or small centres), while downtowns never are. It’s mostly won or lost in the 905 which does go back and forth.

#69 Spectacle on 07.11.21 at 8:54 pm

#43 TurnerNation on 07.11.21 at 5:06 pm
Fact: I am struggling counting the toll of this pandemic. Of my many deep networks, hundreds knowing hundreds – personal and business- and many more I’m still stuck at exactly 0.00 sick people since Mar/2020.

…….We’ll be eating bugs, own nothing and be happy?

https://www.mirror.co.uk/news/uk-news/superbug-
—-
– For Dolce and Crew. What do you make of this. From the CDC. Scroll down to ‘Most Frequently list co-mobidi

The fine print says:
“There were co-morbidities or other conditions listed on the death certificate for as many as 95% of all COVID deaths. The other 5% deaths where COVID was the only condition was likely related to a lack of detail listed about other present conditions.”
https://www.cdc.gov/nchs/covid19/mortality-overview.htm

https://www.usatoday.com/story/news/factcheck/2020/04/24/fact-check-medicare-hospitals-paid-more-covid-19-patients-coronavirus/3000638001/
Fact check: Hospitals get paid more if patients listed as COVID-19, on ventilators

———————-

— Almost back to normal eh! Think 2022-23, or 2025 for a full global reset. Blackrock, Vanguard, Fidelity, State Street et all – who have more money than god will surely swoop .
—————– my added response ————-

Thanks to you both, Turner & Turner!
We can hope that the govt will burn out its options to destroy the fabric of society! Because it is 2021!!

People will enjoy the prosperity and become actice to protect their & their families interests.

Take Cuba as we write here, insurection and uprising in the streets for change. Revolution we hope.

Perhaps the flames will grow here? We hope.

#70 Billy Buoy on 07.11.21 at 9:00 pm

Take a good look at what’s happening in Cuba right now…

If we didn’t have the bankers printing money to the ying yang and big USA guns to support us, many would be on the streets doing the same.

Be grateful.

And don’t feel so smug that it will never happen here…millions of hungry people vs big walls always win.

#71 mike from mtl on 07.11.21 at 9:00 pm

#55 Well travelled on 07.11.21 at 7:04 pm
As a westerner, I marvel at all the comments complaining about T2 and the Libs when in fact we know that east of Manitoba, the Liberals are all but guaranteed to walk away with a majority.
//////////////////////////////////////////////////////////

Agreed, T2 is in all likeliness getting another term – mission accomplished. Teflon boy is apparently infallible, despite the scandals, screwups with the US, ‘woke’ incitement, pandemic blank cheque and worst of all the disastrous vaccine procurement. Thank goodness the US gave us a break otherwise we’d be still on good faith trickle supply from Belgium.

The past 18 months have really shown me how the weak people of “Canada” of today really is.

Apparently our provincial government despite having one of the worst impact of the virus in North America, the only enforced curfew in North America, recently the only domestic vaccine passport in North America – strongly supported for reelection! I guess we really like being in a dictatorship and I am crazy. Yes antidotally, on the subject, everyone I don’t know personally agrees the border should be closed, wants to never step in an office again or be around the lepers going forward.

Unbelievable, given such support, I don’t see how anything drastically improves this year even end of next.

#72 IHCTD9 on 07.11.21 at 9:07 pm

#57 Quintilian on 07.11.21 at 8:12 pm
#36 Nonplused
“Sort of like your credit card balance.”

False equivalent; individuals cannot tax, furthermore they cannot print money if they tried, they would go to jail.
——-

What happens when taxing the excess out of the system doesn’t happen quickly enough hmmm? Think everyone’s just gonna pay up?

Print then tax, too slow, too late, too bad.

#73 Steve French on 07.11.21 at 10:15 pm

In Canada, you’re not truly “woke” until you’ve burned a church!

#74 BillyBob on 07.11.21 at 10:57 pm

Congrats Dolce! That was an amazing game and the better team won. Gotta feel for Pickford, he was a beast, and for the poor kid who had to take England’s last penalty. Ah well they’re young and will have lots more chances. A bit of karmic payback for that small contingent of England fans who were complete Farons in the Germany game.

But the smile on Chiellini’s face as he accepted the trophy was sheer joy. There will be far more Italian flags than maple leafs flying tonight in Toronto in “post-national” Canada.

Why not? Even their flag is better looking. And no one’s trying to rip them down.

#75 David on 07.11.21 at 11:01 pm

Although i share your optimism about covid due to our high vaccine coverage rates I don’t think we are out of the woods yet. There is chatter in scientific circles about delta being a nasty curveball that will amplify the fall/winter flu season. There is also a resurgence of various other respiratory viruses due to immune system debt (stemming from prolonged isolation). I don’t know but some of the names were also very optimistic even a month ago, not so much today.

#76 Yorkville renter on 07.11.21 at 11:16 pm

I was also downtown Saturday night and it was definitely busier than as of late, but no where near back to normal.

still felt good tho

#77 SoggyShorts on 07.12.21 at 12:44 am

#50 Vodka Martinis on 07.11.21 at 6:11 pm
If GIC’s will pay 4%, doesn’t that imply stocks will underperform? Risk appetite must wane as safe assets pay more.
********************
This should be somewhat offset by higher inflation though, right?
I mean a GIC that pays 4% when inflation is 4% isn’t any more desirable than a GIC that pays 2% when inflation is 2%.

Now if someone would came along and offer me a GIC that pays inflation+4%, that’d be my ticket =)

#78 Jon B on 07.12.21 at 12:56 am

Thanks for the positive vibes in this post. Yes the future is shaping up nicely.

#79 Salutations Sally on 07.12.21 at 1:06 am

I’m sorry to hear of Cepeda’s recent passing, she looked like a loving and wonderful companion. Thanks for sharing her photo.

#80 Charity on 07.12.21 at 1:22 am

28 Axehead on 07.11.21 at 2:43 pm
#2. Remember what followed the roaring 20’s.

I think we learned that lesson. In about 1936. – Garth

—————————————————————————-

Yeah we seem to repeat history every hundred years it seems. It feels more like stagflation of the 70’s instead though, I wonder if we will see the Volker shock next year.

#81 Happy Home on 07.12.21 at 1:55 am

Well, so much for declining prices in Condo in the GTA area, lmao.
Sometimes it’s better to get out of your own way, clearly.
In May the Teranet–National Bank National Composite House Price IndexTM was up 2.8% from the previous month, the largest monthly rise since the index series began in 1999. It was led by four of the 11 constituent markets: Ottawa-Gatineau (4.9%), Halifax (4.3%), Hamilton (3.7%) and Toronto (3.4%). Rises were more moderate for Vancouver (2.3%), Winnipeg (2.2%), Montreal (2.2%), Victoria (2.1%), Calgary (1.4%), Quebec City (1.2%), and Edmonton (1.2%). It was a third consecutive month in which all 11 markets of the composite index were up from the month before. And Windsor was 5.02%!!

The May rise was consistent with the increase in number of home sales over the last several months as reported by the Canadian Real Estate Association. For a ninth straight month, the number of sale pairs entering into the 11 metropolitan indexes was higher than a year earlier. The unsmoothed composite index, seasonally adjusted, was up 2.1% in May, suggesting that the uptrend of the published (smoothed) index could continue.

The May composite index was up 13.7% from a year earlier, for a 10th consecutive acceleration and the strongest 12-month gain since July 2017. The 12-month rise was led by five markets – Halifax (29.9%), Hamilton (25.5%), Ottawa-Gatineau (22.8%), Montreal (17.6%) and Victoria (15.3%). Toronto matched the countrywide average at 13.7%. Lagging that average were Vancouver (11.9%), Winnipeg (10.4%), Quebec City (9.8%), Calgary (4.5%) and Edmonton (3.6%). And Windsor was 26.29%!!

#82 Cherry got popped and I'm angry on 07.12.21 at 2:26 am

The hype of an impending supply squeeze and FOMO media brainwashing doesn’t meet the reality of supply face to face, at least in Vancouver. I am no pumper, nor am I the listing agent but/and seriously, there are so many cheap condos in the market that a crash could happen any day. So don’t get sucked in by the banksters using zero rates to plump mortgage apps . Supply and Demand trump’s all other considerations.

https://www.ianwatt.ca/RecentSales.php?sort_key=least_expensive

#83 Diharv on 07.12.21 at 3:36 am

If there is apparently so much positivity, expansion, and good news coming up, why is the tone of your last several posts so ominous, depressing, and fearful? Like there is is going to be a grand reckoning and price to pay for the recovery from the shitkicking that the pandemic delivered to the world. The new normal you envision does not look like anything to look forward to actually.

#84 westcdn on 07.12.21 at 6:35 am

“Tubular Bells”. Music I liked – still have the vinyl. It launched Richard Branson’s career under the brand Virgin. He build stronger – amazing man. I am missing self promotion in my DNA. My brother and I laugh – name a famous Paquette. Fear not, we will be there when it matters.

My sister asked for genealogy. She said she only had 15% indigenous blood and 80% French with a smattering of Scottish and others. I was surprised by the low indigenous count but I always knew my true heritage was French/Celtic plus now I am considered an old white guy – dog.

GT told me that I was a yield hound – did not sit well with me. Capital gains are great just as capital losses are lousy. Bonds/GIC’s do not attract me. Yet I see traders going after capital gains in the credit market. They have millions to trap small gains but I don’t. Still, I have to think like more them

I still buy a Lottomax ticket now and again. I find many people around me win – not my luck. There is a woman organizing music in the park behind me. I put on my cowboy hat and enjoy the show. The players
are talented – stay on course despite the sparse crowds…

#85 Neo on 07.12.21 at 6:54 am

Garth,

So basically what you are saying is when flu season returns this September it will be viewed by the government and medically community as a typical 2019 endemic flu and not a continuation of the Covid pandemic flu? That is the trillion dollar question now isn’t it. I’ll believe this is over once we get past the end of November to early January peak flu season without any form of lockdown.

#86 neo on 07.12.21 at 6:58 am

#80 Charity on 07.12.21 at 1:22 am
28 Axehead on 07.11.21 at 2:43 pm
#2. Remember what followed the roaring 20’s.

I think we learned that lesson. In about 1936. – Garth

—————————————————————————-

Yeah we seem to repeat history every hundred years it seems. It feels more like stagflation of the 70’s instead though, I wonder if we will see the Volker shock next year.

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

Yup, I’ve been saying for awhile that this feels more like the late 70’s than the early 30’s. Definitely not going to be the roaring 20’s…lol. Problem is this time fed fund rates can’t go past 3% so things are much worse.

#87 neo on 07.12.21 at 7:01 am

#75 David on 07.11.21 at 11:01 pm
Although i share your optimism about covid due to our high vaccine coverage rates I don’t think we are out of the woods yet. There is chatter in scientific circles about delta being a nasty curveball that will amplify the fall/winter flu season. There is also a resurgence of various other respiratory viruses due to immune system debt (stemming from prolonged isolation). I don’t know but some of the names were also very optimistic even a month ago, not so much today.

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

Don’t fall prey to the chatter. This Delta is behaving like a weak summer flu strain in terms of severity. Who cares about cases. By the Fall, there will be a new strain but it likely will be an endemic 2019 one and not a pandemic one but I don’t think that is going to stop the pandemic propaganda from the government or medical community.

#88 Mamma Mia! on 07.12.21 at 9:09 am

Dolce! TURN DOWN THE PARTY…just a touch!

>>>
A 22-year-old man died in a car crash in Caltagirone, in Sicily, as he was rushing to the town center to join victory festivities, police said.

In the financial capital Milan, 15 people were hurt, three seriously, in rowdy, post-match partying. One of them lost three fingers when a firework exploded in his hand.

In a town near the southern city of Foggia, police believe a hitman took advantage of the chaos in the streets to settle a score, shooting dead his target in the crowd before escaping on a motorbike.

The victim’s six-year-old niece was also wounded in the attack and was in a “very serious” condition, media said.

#89 Dharma Bum on 07.12.21 at 9:22 am

Covid is over. 2020 never happened. – Garth
——————————————————————————-

Did Japan get the memo?

I know they are an insular society, but, uh, can someone let them know?

Oh well, it’ll be loads of fun having an Olympics (does anyone still really give a sh*t about the Olympics??) with zero point zero people in the audience.

Due. To. Covid. ™

If a lanky doped up string bean clears all the hurdles in record time but there’s no one there to watch, did it really happen?

Covid 1. Japan 0.

Seriously, do mature adults still care about the Olympics?

#90 Ponzius Pilatus on 07.12.21 at 10:40 am

#4 BillyBob on 07.11.21 at 10:57 pm
Congrats Dolce! That was an amazing game and the better team won.
————————
Congrats? Did Dolce score a goal?
Amazing game?
Sure if you like possession soccer, where one team has the ball 80% of the time.
Yes, the better team won.

#91 Chimingin on 07.12.21 at 10:49 am

I am sorry you lost your beautiful dog, Lindsay. We are on notice that the days with our beloved canine are drawing to a close, and I can sympathize with what you’re going through. Take care and remember the good times with your fur baby.

#92 Sail Away on 07.12.21 at 11:06 am

#89 Dharma Bum on 07.12.21 at 9:22 am

Seriously, do mature adults still care about the Olympics?

——–

I love the summer Olympics and am mature in years at least.

#93 Prince Polo on 07.12.21 at 11:11 am

Let’r rrrrrrrrrrrrrrrrrrrrrip!

Even with an option to watch “Black Widow” at home, audiences went to the movie theatre in pandemic record numbers this weekend to catch the first Marvel movie released in two years.

https://www.theglobeandmail.com/business/article-marvels-black-widow-soars-to-pandemic-box-office-record/

#94 Jesse on 07.12.21 at 11:47 am

#89 Dharma Bum on 07.12.21 at 9:22 am
Covid is over. 2020 never happened. – Garth
——————————————————————————-

Seriously, do mature adults still care about the Olympics?

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

Absolutely, who wouldn’t want to watch the world’s best athletes compete at the highest level? It’s a 100x better than the ‘woke’ garbage on Netflix and Disney+

#95 DON on 07.12.21 at 11:55 am

#80 Charity on 07.12.21 at 1:22 am
28 Axehead on 07.11.21 at 2:43 pm
#2. Remember what followed the roaring 20’s.

I think we learned that lesson. In about 1936. – Garth

—————————————————————————-

Yeah we seem to repeat history every hundred years it seems. It feels more like stagflation of the 70’s instead though, I wonder if we will see the Volker shock next year.

*********
Cycle of corruption repeats as well.

#96 Sail Away on 07.12.21 at 11:56 am

Sorry about Cepeda, Lindsay.

Dogs’ enthusiasm for life is infectious… and they are excellent trainers. The heat wave led us to morning 5am excursions, which for them, was hunting. It took all of 2 days consistency to become the standard morning routine in their heads. So now that they’re all up and orbiting the bed at 5, I’ve accepted their training and we head out for an hour every morning to see what the quail and rabbits are doing.

Saturday? Sunday morning after a few drinks? Same-same. Hey, this is the routine, buddy!

#97 Michael in-north-york on 07.12.21 at 12:08 pm

#27 Quintilian

Those of you right wingers who have even the most rudimentary knowledge of economics, would know how money is created.

And you would know the outstanding national debt, in a modern advanced economy, has no more weight/real value than bitcoins.

They are both a man-made/woman-made illusions.
===

Keep drinking your coolaid and thinking debt is an illusion. Until that illusion whacks you hard. You come to the grocery and want to buy a jar of milk, it costs $80. Or the government mandates the maximum price, then the milk is not on the shelf at all, and you have to line up for 90 minutes to get one jar if you are lucky.

The government can print as much money as it wants, but it can’t force people to work for those money and produce something real if they are not benefiting personally.

#98 Michael in-north-york on 07.12.21 at 12:13 pm

#14 Nonplused

I’m not sure I see a way out there. There isn’t anything left to tax and government debt only goes up. So my guess is the market reprices everything through sustained inflation, which will cut the real debt burden by some 30% or so while the cost of living goes up by a similar amount, maybe met with wage increases (and thus higher tax revenue) at the same time.

The supply shortages will take some time to undo, so there is that too.

So I expect the covid madness will be paid for the same way governments pay for the madness of war; inflation.
===

What you described is the way out: large but somewhat controlled inflation. This way is painful, but less so than any other known option.

#99 NoName on 07.12.21 at 12:16 pm

#90 Ponzius Pilatus on 07.12.21 at 10:40 am
#4 BillyBob on 07.11.21 at 10:57 pm
Congrats Dolce! That was an amazing game and the better team won.
————————
Congrats? Did Dolce score a goal?
Amazing game?
Sure if you like possession soccer, where one team has the ball 80% of the time.
Yes, the better team won.

i wanted italy to win anyways, but they played typical game for italians…

map is dead giveaway, where positive energy came for italian team.
https://1.bp.blogspot.com/-NkOTBaDTrrI/YOnBatwdExI/AAAAAAAAVY4/oPNWTuBEOvcPDqDzDIuGwZIhbOcZniNAwCLcBGAsYHQ/s1350/IMG-20210710-WA0154.jpg

i even crack open vekia romana at end.

#100 Gravy Train on 07.12.21 at 1:42 pm

“When two extreme opinions meet, the truth lies generally somewhere in the middle. Without exposure to the other side, you will naturally drift toward the extremes and away from the truth of the matter.”
— Annie Duke

“Ego is about who’s right. Truth is about what’s right.”
— Mike Maples Jr.

#101 NOTHING SURPRISES on 07.12.21 at 5:05 pm

Get another pooch Lindsay!

We’ve buried 4 and have our 5th. and each one we lost we still remember with great memories.

Our newest gives us great joy and a lot of laughs and she is loved the same as the 1st.

Life is short!

#102 Herm A. Phrodite on 07.12.21 at 5:47 pm

We’ll revisit this in a couple of months:
“Those who think the virus is coming back, that we’re on the cusp of a recession or an imminent debt crisis have it wrong.”
See you in October. I’ĺl have your crow waiting.

#103 Joey Kin on 07.13.21 at 10:53 am

Garth, the treasury market sees things differently – no inflation but disinflation and no reflation trade in the coming months. Bond market is smarter than the stock market. When all the money magazines have inflation and roaring 20’s on the cover it’s a great contrarian indicator to what comes next. That’s not different this time either.