Ruskies. Truckers. Realtors. As this blog made clear yesterday, it’s a scary world. The Russian stock market all but collapsed yesterday. Oil is merrily headed for $100 a barrel. Inflation has only started, it seems. The Vix has spiked. The yield curve is flattening. North American markets are headed into correction territory. March 2nd is coming. And people in Toronto are paying $1 million over asking for used houses.
Risk? Lots of it. All you can control is what you actually do in your own life. So, some guideposts…
First, don’t worry about financial assets, your retirement fund or how many Fluevogs your TFSA will buy this week. Stock markets will go down for a while more before they go up. Corrections are good. They blow off speculative excess, establish better valuations and set the floor for further gains based on corporate performance and macroeconomics.
We haven’t had a decent correction for a long time. Markets have clocked dozens of new record highs over the past couple of years. Some companies (like Shopify) are already paying the price for investor euphoria. More to come. So stop buying stocks and use diversified ETFs instead. And if you’ve been sitting on cash waiting for Armageddon, well, maybe this is it. Not so bad.
Second, the bigger risk is inflation. Already it’s over 5% here and 7.5% Stateside. The Ukraine thing will stoke the fire further, since Europe’s probably sliding into an energy crunch. Oil reflects that and it’s crude could hit a record high in the months ahead. So, hold some maple. We love oil in this nation.
How to fight inflation?
Invest rather than save. High-interest accounts are a disaster. Don’t aggressively pay down the mortgage, since equity is rising and cash can do better elsewhere. Load up tax shelters (just one week left to max your 2021 RRSP). And when markets correct (like now) it’s just a peachy time to turn that moulding GIC into an ETF with potential.
Third, an oft-repeated caution. This is no time to buy residential real estate. There are no bargains. All vendors are greedy, dollar signs lighting their eyes. Listings are scant. Competition is heartbreaking. You’ll pay a huge premium in the worst Spring market in Canadian history. There could well be consequences, since central banks are out to squish the FOMO bug.
BMO’s Doug Porter has an interesting reminder. Housing price gains in the past two years have been greater than during the most massive RE bubble in Canadian history. The late 1980s. I recall it well. Valuations and inflation got out of control. The CB started a tightening cycle that ended up with a 14% Bank of Canada rate. As a result residential housing dropped an average of 32% in Canada’s major market and took 16 years to reclaim 1989 levels.
But this time it’s worse. The house porn addiction isn’t limited to degraded urbanites. It’s everywhere in the hinterland, thanks to Covid. The big problem, says the bank, is not that there’s too few houses but too much house lust.
It’s more a question of what’s really driving this acute situation, and our view is that it’s torrid demand (and specifically investor demand) that’s far out of kilter in this episode. Without rehashing old debates, we will simply point to two facts: 1) the towering price gains have spread far and wide, including almost every small- and medium-sized city in Ontario. From Tillsonburg to Chatham to Barrie, prices have spiked 80% in two years. Do you really believe that each and every one of these centres suddenly has a severe supply shortage, or could another macro factor be at play everywhere?; and, 2) CMHC has just reported that the national apartment vacancy rate was 3.1% in 2021, basically in line with the 30-year average. Question: If Canada has such a severe and widespread “shortage” of housing supply, why then is the rental vacancy rate essentially normal and not almost zero?
Inescapable conclusion: the worst time ever to buy. The best time ever to sell.
Fourth, there’s a big shift coming in monetary policy. It starts next Wednesday. Mr. Market calls a 100% certainty the Bank of Canada will raise its benchmark rate, then keep on truckin’. Our banker buddy has something to say about that as well: “With inflation now at 40-year highs, and possibly poised to test 8%, wages rising at a 5% clip, demand swamping supply in many sectors, and oil above $90, the world has changed. We may all need to start grappling with the reality that the Fed, and other central banks, will need to do more—potentially much more—than the prior cycle.”
Whazzat mean? That the cost of money will rise by greater than 2% – from the lowly 0.25% where it now resides. This is exactly what millions of Millennials thought would never happen. It’s now evident central bankers went overboard with stimulus by keeping rates too low for too long. In the meantime the feds layered on historic amounts of fiscal stimulus, sending CERB cheques to all living creatures, giving billions to businesses and goosing everything from child cash to wrinklie pogey. That’s exactly why we had a $314 billion deficit in one year – six times the previous record.
So, don’t borrow short. Do not go variable-rate on that home loan. Lock up at current rates while you still can. Certainly do not buy a five-year GIC in the next few months. Don’t accelerate payments on an existing 2% mortgage. Make sure you own some rate reset preferreds.
See? This is way more productive than worrying about Putin. And Tamara’s still behind bars. So we’re safe.
About the picture: “Hope you’re doing well and really love your daily blogs,” writes Al. “I read the comments LOOKING FOR A GARTH-REPLY. They are always the best! I have this kinda time after 37 years humping a police car around the Lower Mainland. After our ex-cop dog passed away I finally found a rottie-shephard cross puppy. Sadie is 4 weeks in this image and lives on a horse ranch. I’ll get her in a few weeks!”
197 comments ↓
Greater Fool Fact Checkers
I saw another MSM Panel today and one of the participants kept talking about the Swastika at the Protest, Implying Nazi sympathizer.
Now my “common sense is tingling”
Q1) Where their multiple instances of Swastikas at the Protest\Occupation?
Q2) If so are the swastikas presented in a manner that says:
A) “I think the Government is behaving like Nazis!”
B) “I support Nazism!”
Watching our Media – CBC\CTV, the people commenting seem to be indicating the Swastika was presented as B) “I support Nazism!”, but I suspect it would have been presented as A) “I think the Government is behaving like the Nazi’s”. I assume it was not a full blown Nazi Flag.
You would think as it is such a predominant item on the Protest\Occupation that a legitimate responsible media working in the interest of truth would ensure we understood the context of the Swastika use.
If rates go to even 10% houses go to zero. Absolute zero. Or maybe even one of those imaginary numbers they taught us about in high school.
“Hope you’re doing well and really love your daily blogs,” writes Al. “I read the comments LOOKING FOR A GARTH-REPLY. They are always the best! I have this kinda time after 37 years humping a police car around the Lower Mainland. After our ex-cop dog passed away I finally found a rottie-shephard cross puppy. Sadie is 4 weeks in this image and lives on a horse ranch. I’ll get her in a few weeks!”
——–
When our kids were little, they were playing a princess game and the neighbour’s 4 yo was given the wicked witch role. She said, ‘but I don’t know how to be wicked’
That’s your Sadie.
what to do with mountain of down payment cash that sits as… cash?
risk averse? you bet!
falling value due to inflation? you bet!
Thanks for your service Al. I hope you enjoy a long, healthy and well earned retirement.
alleged letter to the high court on that crypto freeze…we’re just an app!
Make sure you answer the IRS crypto question correctly now that you are receiving crypto:
“At any time during the tax year, did you receive, sell, exchange or otherwise dispose of any financial interest in any virtual currency?”
NCET effective as of Feb. 17, 2022.
https://www.investopedia.com/fbi-to-launch-crypto-crimefighting-unit-5219591
#1 Dogman — no one has a swastika handy to make comparisons to Nazis… the people who have swastika flags SUPPORT Nazis – it’s kind of the only reason they have it.
With oil hitting highs and inflation is 5%….any chance BOC will raise rates by .5%?
https://www.snopes.com/news/2022/02/17/swastikas-canada-freedom-convoy/
So I Googled my own questions.
Hmmm. So I don’t think they meant to say B) “I support Nazism!”, but it sure requires some explaining away…..and presents ambiguity where there should not be any….sigh.
But well summed up by:
#133 Dharma Bum on 02.22.22 at 10:28 am
“Then I calm down when I realize that it is actually the idiocy of the masses – their sheer stupidity, naivety, laziness, gullibility, sheepishness, fearfulness, and general ignorance that makes them easy marks for taking advantage of. “
I have a question for all: How easy is it to emigrate to the US? I’m thinking Idaho.
There’s no point to live in a country that you now hate on a cellular level.
mr. hillier just havin’ a beer with his friends? omg
https://pressprogress.ca/
The CB started a tightening cycle that ended up with a 14% Bank of Canada rate. As a result residential housing dropped an average of 32% in Canada’s major market and took 16 years to reclaim 1989 levels. – Garth
—————————————————————–
Small point. I think you mean 1979 not 1989.
1989. – Garth
#1 Dogman01 on 02.22.22 at 4:40 pm
Greater Fool Fact Checkers
I saw another MSM Panel today and one of the participants kept talking about the Swastika at the Protest, Implying Nazi sympathizer.
Now my “common sense is tingling”
Q1) Where their multiple instances of Swastikas at the Protest\Occupation?
Q2) If so are the swastikas presented in a manner that says:
A) “I think the Government is behaving like Nazis!”
B) “I support Nazism!”
————–
There was 1 instance of a swastika and 1 instance of a dixie flag.
The guy with the swastika flag was making a point (poorly) that the government was turning into Nazis.
Gotta wonder if rates go up more/longer than initially anticipated. They are clearly behind on this. Given they haven’t acted at all thus far, I doubt the initial hike is more than .25. And given some countries have not been able to react to covid and return to normal as quickly as us, I don’t see covid related inflationary pressures easing anytime soon.
‘Sadie’s’ expression is so cute! She looks just a little dubious regarding her Kodak moment:)
It will be very interesting to see whether the BoC will finally make a move given the recent inflation numbers. Will the BoC chicken finally cross the road?
I confess to being a “wrinklie”, but I have not had a “goosing” since you and the Elfin Deity canned the real estate trusts. That one I felt.
#2 Lee on 02.22.22 at 4:42 pm
If rates go to even 10% houses go to zero. Absolute zero. Or maybe even one of those imaginary numbers they taught us about in high school.
————-
OK, in that case, can you put that in writing … and since it will be worthless, can you also say that you will give it to me.
I know I will have to disinfect it to get the stench of your BS out of it, but hey, small price to pay.
What’s that you say. … oh, you don’t have a house. Then I’d be happy to have you as a paying tenant in my worthless rental units!
P.S. You still have time to finish your high school. You can go back as a mature student … or in your case, an immature student.
Speaking of Risk…
Forgot about some exciting news not covered during Olympics.
🏊 🏊 🏊
Tia the shark wins the Women’s 500 Freestyle.
https://babylonbee.com/news/massacre-as-great-white-shark-allowed-to-compete-in-womens-500-freestyle
🦈 🦈 🦈
…and Ottawa renames its NHL team 🏒
https://babylonbee.com/news/ottawa-senators-change-name-to-ottawa-dictators
American satire.
Just FYI that last week was monthly options and VIX futures expiration meaning that the market will be less pinned going forward ~10 trading days. This makes moves like the 1.6% gain in ES from the low of the day in a bit over an hour possible.
WHAT AM I MISSING?
Garth once again we venture down different paths. Your statement,” don’t accelerate payments on a 2% existing mortgage.” Would it not be better to have a reduced outstanding principal balance on renewal? Especially with interest rates on the rise. With an existing 2% mortgage , most of the monthly is now principal. Now is probably the last time in recorded history you will have the opportunity to jettison this mill stone. The pursuit of truth is rarely a popular path. Telling the truth is a most excellent way to make enemies in high places, As I have said on numerous occasions when the liquidity dries up, the game is over. Sleep tight my little beauties.
Tweet of the day by @KevinMcH3:
I honestly can’t remember a time when the world was this f’d up in unison.
And I’m no spring chicken.
On every front, every level, just insanity.
I’m just waiting for Nero to show up.
———–
This morning in Pordenone heard loud fighter jet engines overhead went online to see who it was and…
https://i.imgur.com/7RNR4k9.png
circling many times over USA Aviano Airbase. [read the callsign, American humor?]
“This is way more productive than worrying about Putin.” 🙏
———–
And ya,
yeah oil +1.16% ETN
#11 jess on 02.22.22 at 5:02 pm
mr. hillier just havin’ a beer with his friends? omg
https://pressprogress.ca/
—
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
I see absolutely no reason to get excited about the Ukraine. If Putin wants it then he can have it. Unbelievable that less than a year after NATO fled Afghanistan with their tails between their legs that NATO is looking for another war. This is NOT a war for Canada. We got sucked into Afghanistan and even though the media boosted it, in the end we had a couple of hundred dead, thousands wounded, and tens of billions of dollars completely wasted. All for naught. Seems that the Germans are going to cut their own throats by cancelling Nord Stream 2. In actual fact it would give them a contracted supply of natural gas by bypassing Ukraine. It would appear that Biden wants to corner the market for the USA of LNG. And to heck with Europe. Certainly the situation is serious but it is made more volatile because Johnson and Biden have re-election problems. Nothing like a good war to deflect public attention and rally around the flag. For Canada, you can bet money that the Conservatives suck up to the Americans. No party will stick up for Canada and say that it is not our problem. JOHN PICKETT
#7 yorkville renter on 02.22.22 at 4:57 pm
Yes, it is sketchy for someone to have a full size Nazi Flag just lying around.
#9 n1tro on 02.22.22 at 5:09 pm
Yes the Snopes pictures of the full Nazi flag look to be one instance but in two different locations.
The Confederate flag with the Truck I suspect is to symbolize “Rebels”.
Our discourse would be better if so much of the narrative was not wasted on spin and a few isolated incidents.
Ignorance, insensitivity and lack of media savvy on the part of the protestors – sure and I bet there were some pretty radical and dis tasteful views among some individual protestors, but the spinning them as a “White Supremacist’ cause is just an excuse to have avoided any responsibility for a more constructive approach to the phenomena we witnessed.
#18 Søren Angst on 02.22.22 at 5:17 pm
You know why The Onion is actually funny and The Babylon Bee is mostly cringe?
Because The Onion satirises everyone and every thing. And it’s actually written by funny people.
At best, the Babylon Bee will be right wing satire of the left. At worst it will become another kind of propaganda. The humour branch of Fox. Yuck.
It’s Tit for Tat in World Politics Garth.
That never ends well.
Biden sanctions Russia, Round 1.
https://www.youtube.com/watch?v=DFDc9fTeFZc
Boris sanctions Russia, Round 1.
https://www.bbc.com/news/uk-politics-60476137
Germany sanctions Russia.
https://www.dw.com/en/ukraine-crisis-germany-halts-nord-stream-2-approval/a-60867443?maca=en-Twitter-sharing
Putin (Poutine in French) dresses down his spy chief.
https://twitter.com/BBCWorld/status/1496188823251955717
And jailed Navalny says:
“Putin drunk grandfather drags the country into disaster like Afghanistan”
https://www.fanpage.it/live/crisi-russia-ucraina-news-di-oggi-putin-riconosce-lindipendenza-del-donbass-onu-rischio-grande-conflitto/36/
And Europa MSM today saying:
Putin crosses the Rubicon, Dutch said the same thing this morning (HLN).
https://www.lastampa.it/esteri/2022/02/22/news/ucraina_vlad_il_terribile_passa_il_rubicone_l_obiettivo_e_ricostruire_l_urss-2860317/
—————–
The World is in an ugly mood Garth.
Still, head down, going to buy more liquid, cheap, value ETFs with this months dividends. Lower risk.
Make some money off of all the doom and gloom esp. will oil.
The Late 1980s in Ontario
I remember the late 1980s in Ontario. House prices going crazy, and everyone and his/her bro’ buying investment properties.
Several of my friends/relatives became landlords, parlaying gains in their principle residences into one or more investment properties.
Heady times to be into Ontario real estate in the late 1980s. It was a “no brainer” to buy real estate – it always went up right and people always needed places to rent – right?
But by 1994/95 due to the increase in interest rates and a recessions, most of the investors I knew had lost their investment properties. Luckily none lost their own homes.
“Once burned”, to my knowledge none of those ever ventured into investment properties again.
Now the view with some is that the government will bail people out if this happens again. But the government simply does not have the resource to do so, being in debt disaster territory and already spending like drunken sailors in new programs.
Remember the government of the day in the early 1990s was Liberal and was in a lot sounder fiscal shape than the current federal government. And if I recall right, they did nothing to help people underwater.
I don’t own right now, but I certainly hope we do not see high single digit Central Bank Rate. It would be absolutely crippling to the Canadian economy, that has become so dependent on “house trading” and housing services.
Al looks like a friendly Cop who would let you off with a warning :)
#21 Søren Angst on 02.22.22 at 5:20 pm
yeah oil +1.16% ETN
—
I still haven’t heard your reasoning for holding capital losing and total return lagging USOI.
USOI is +1% YTD with at best 3% dividend yield over those two months.
USO is +20% YTD.
Are you avoiding triggering capital gains to generate income here?
To reiterate a former comment somewhat. I could have waited to post this here than in the previous string moments ago. Didn’t know Garth would be on the subject in his latest blog entry.
Nice pup in the photo today I have to say.
– – – – –
#185 IHCTD9
“In todays context, what would be considered draconian measures? It sure wouldn’t take much to feel that way. It’ll feel that way before it’s enough”
……………………………………………………………………………………………………..
Draconian measures to conquer inflation would require an immediate interest rate increase above the rate of inflation making the necessary rate adjustments to keep ahead of the inflation rate while bringing it down.
The Fed would not ever be wise even if to increase rates up to, but only 1% increments at a time to eventually get ahead of the inflation curve, as that would prolong an inflationary recession.
It’s not in their playbook , or at least, not yet.
A recession could be heralded in regardless with quarter point rate increment increases.
A sudden rate increase greater than the rate of inflation now as was done in the past, would blow the economy apart with today’s unprecedented debt levels that didn’t exist then like they do now culminating in a national default on the debt.
I have spoken of the extremities of where a default on the national (US) debt would lead a number of times.
But that’s getting into what amounts to about the first 10 chapters of a book content-wise on the subject, even though its all relative to the outcome of high enough rates needed to actually quell inflation and in that of what it would ultimately lead to next.
In a nutshell, the boomerang effect of a national default from rate levels that would and only could cool inflation, would in fact, kill the US primary reserve currency status and eventually devalue the dollar to near worthlessness through hyper-inflation. Economic destruction the Fed will try to avoid at all costs, opting for the slow bleed instead.
#23 JOHN PICKETT
https://www.ctvnews.ca/politics/pm-announces-first-round-of-sanctions-against-russia-troop-deployment-to-latvia-1.5791222
#22 Faron on 02.22.22 at 5:21 pm
—
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
————————————————–
Can you give any real world examples of where it does exist?
Name calling is all you leftists ever has. No wonder why you idiots can’t understand why all of the anger in the streets.
How many books have you sold?
But Garth, have you forgotten about me?
Why the disrespect?
I am still in charge. I have been busily conceiving my next offspring.
Bow before me, all of you.
Lee on 02.22.22 at 4:42 pm
If rates go to even 10% houses go to zero. Absolute zero. Or maybe even one of those imaginary numbers they taught us about in high school.
—————————
Perhaps a wee bit of hyperbole there, but the statement is really not much more absurd than current Canadian housing prices.
If rates go to 10% it would be a disaster for the Canadian economy which has become so economically/emotionally dependant on housing.
Let’s say a 10% prime rate converts into a 12% mortgage.
Let’s assume a $1.5 million mortgage on a house bought in 2022 Scarborough with a 5 year fixed mortgage rate of 2.75%. Monthly payments would be about $7,000/m.
Now assume same mortgage at 12% = monthly payment = $15,500/m. Yikes – no way a normal person could afford that even with bank of mom.
Looking at it the other way around, $7000/m payment at 12% would get a mortgage of about $670,000. That would imply a 55-60% reduction in the price that somebody could pay for that home in Scarborough.
Now from were we are at now, 12% mortgage rates look very unlikely. Right?
But 15 years ago if you asked a monetary economist whether the Bank of Canada overnight rate could hover around or below 1% for over 13 years he/she would tell you that was simply not possible.
Hard to predict the future.
Housing in this country has become a money printing scam to temporarily sustain an unproductive economy that runs essentially on consumption, that’s all it is.
And it’s going towards a disaster, that is guaranteed.
Ho hum, just another day in a totalitarian police state. Unlike other police states you don’t have to worry about a late night knock on the door, rather you have to worry about trying to log into your bank or investment accounts and finding they’re “frozen” because you once call Trudeau Mr Blackface!!
Your extremism negates your consequence. – Garth
#23 JOHN PICKETT on 02.22.22 at 5:26 pm
—————————————————
Thank you Garth for all the helpful information as always. Also, thank you for keeping your cool during the ‘occupation’ of Ottawa and volume of comments on your site.
Putin wants half of Ukraine, up to the river from north to south IMO. It creates a buffer between Europe/ NATO and Russia.
The Americans want to supply Europe with energy so the Nord Stream 2 suspension today by the Germans fell right into the plan. I don’t think people realize how much fire power America actually has. It would not take that long to push back the Russian forces. But why should they ? There is money to be made from Europe and a chance to increase Biden’s ratings.
What a mess. Let’s hope for the best.
Mr. Turner – I went to my local RBC – and there was a lineup out the door. It took me 1.5 hours to get to one of 2 (!!) tellers. I tried to withdraw funds for the ’emergency money’ – and the teller that I could only take out $2500.00 – because the Bank was already out of 50’s and 100’s – and the teller told me that the Bank had (his words) CUT the float to every Branch by 1/3rd. They were out of 100 and 50 dollar bills. They only had 20’s and 5’s. He told me to come back in 3 days….everyone in front of me, were taking money out of the bank. Stores on Davie and Denman street (in the West End) – empty – Restaurants? Dead. This is a very dangerous and crazy time.
Mr. Turner, I dearly hope that people are paying attention to your advice. Many of my friends are playing with fire.
Their financial illiteracy is astounding.
My best source and has a tremendous track record. Still bullish no recession coming. My REITs DIR and ERE have rocketed against the markets the last couple days. BEI is a go soon too. ERE is very under valued and off the radar properties in Europe.
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
__________________
No. He claims that we don’t have a ‘wide spread white supremacist culture.’ If we did, we’d be in big trouble, no? And…if we did, you would personally know someone who held those views…do you? And if you did, you would have reported them to the authorities..have you? And if you did, you would be probably accused of holding bad company – do you?
It’s the same as misogyny claim years ago. In Canada, it is not wide-spread. We don’t have a bad culture in Canada…we have a bunch of professional busy bodies claiming we have a bad culture when we don’t.
I really think you should go back to what he said, and pay attention to the actual words he used. Any/all/always/none – are black and white words – the world is shades. Jordan would never (hahahaah) use his words so carelessly. Now simmer down!
#22 Faron on 02.22.22 at 5:21 pm
#11 jess on 02.22.22 at 5:02 pm
mr. hillier just havin’ a beer with his friends? omg
https://pressprogress.ca/
—
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
_________________________
I’d love to see you debate doctor Peterson. It would be interesting to see your brain tied up in a pretzel.
#1 Dogman01 on 02.22.22 at 4:40 pm
“…legitimate responsible media working in the interest of truth would ensure we understood the context of the Swastika use.”
———————————
As best as I can tell, It was ONE bozo with a Swastika flag. My guess is that someone gave some homeless guy fifty bucks to walk around with the flag. They’ve certainly gotten a lot of mileage out of it.
Check the images. – Garth
#22 Faron on 02.22.22 at 5:21 pm
=====================
Stop watching him!?
Who cares.
What is going to happen in the Ukraine is probably a foregone conclusion at this stage. The theatrics, browbeating and sanctions are to please the masses on the homefront.
What do all parties in the current crisis in the Ukraine want? Legitimacy. Russia was already funding, arming and supporting the rebels in LPR/DPR, covertly of course. Wheeling the tanks in just provides an air of legitimacy to it and legitimacy to the LPR/DPR.
Now a proper border forms between the Ukraine and LPR/DPR, ridding the Ukraine of a dispute within its own territory. With the territorial dispute behind them, the Ukraine can look west to NATO. NATO membership will be extended to the Ukraine and NATO can now also claim legitimacy for its continued presence in the Ukraine. NATO has been embedded with Ukrainian forces for years, including Canadian forces. So you see, a win-win for everybody, they all get to rattle their sabres for the domestic masses and each gets to claim the boogeyman is just over the border somewhere.
And why may you ask are some NATO nations questioning whether or not to even call this a Russian invasion? Well if they are quick to call this one an invasion then Russia will be quick to push back on the NATO invasion, sorry peacekeeping mission, in Syria.
Aside from a monetary reset that won’t happen before total economic collapse and destruction taking millions of North American lives down with it , is there anyone who thinks the Fed can fix the unrepairable, untenable economic mess they have created.
Love to hear about it , but I can say … the reality of it is starker than its ever been in history.
#10 Bankrupting Landlords is good for the Economy on 02.22.22 at 5:01 pm
I have a question for all: How easy is it to emigrate to the US? I’m thinking Idaho.
There’s no point to live in a country that you now hate on a cellular level.
If some politician’s political party stance requires preventing via legislation a teacher from informing students about their own history…that is no longer politics, that is oppression.
They are so embarrassed by their own history that they feel compelled to legislate it out of curriculum is sad.
Never mind the book bans/burning.
Never mind the Florida don’t be gay legislation. Compelling teachers to inform parents of any gay activity even if the teacher has reason to believe that may subject the child to emotional or physical abuse.
You want to live there? Instead of being a citizen and working for Canada and all Canadians to effect a solution, you want to run to the States?
They will chew you up and spit you out down there.
We can do million things online: banking, schooling, applications, investing, chat, work, pay bills & taxes, post crap like this one, etc …
Why public is not asked to vote for a referendum for the most important public matters online as a rule of thumb?
The direction ‘the public opinion’, regarding to the problem will be understood under 5 minutes.
“We may all need to start grappling with the reality that the Fed, and other central banks, will need to do more—potentially much more—than the prior cycle.”
———————————————————-
No offense, but I’ll believe it when I see it. The central banks don’t exactly have steel cajones. I believe rates will rise, but more than previous cycles will bring on a recession and back peddling from the bankers.
Look at 1929.
Back then it took 2 years for the stock market to complete its correction, and, a total of 25 years to regain that peak.
Out of the last 100 years, in the last 2 years central banks printed 80% of all $$$ into existence.
This is all DEBT that must be paid back.
During the lowest interest rates in history.
Now factor in all the debt saturated across the whole economy.
And central banks are raising rates while we have the biggest asset bubbles in history.
Does that look worse than 1929?
1929 was not a correction. And the market then was essentially unregulated. There is zero comparison. – Garth
Bring the truckers back to save lawless downtown Ottawa! After just 1 day – absent of truckers to police the downtown and despite 100 police check points, and heavy police presence, an armed robbery attempt occurred.
And people blame the truckers for being lawless!
https://ottawa.ctvnews.ca/ottawa-s-rideau-centre-mall-reopens-following-police-investigation-arrest-1.5791220
You guys are actually quite lucky that the truckers weren’t actually lawless. There were at least 100,000 visitors over the course of 3 weeks and the event took place without major incident – until they all left! Ironic.
#22 Faron
Jordan Peterson continues to cement his blathering idiot status
– what’s your status faron ?
he/him/his
she/her/hers
they/them/theirs
ze/zir/zirs
she/they or he/they
Why do the ‘Muricun military have over 750 bases in over 150 countries? Who gave them the right to rule the world? Does the average ‘Muricun recognize how much they as a country are hated and despised around the world for their meddling? I suppose having lived under decades of propaganda, saving the world for democracy, the self righteous ‘Mericuns’ can’t help themselves. It’s like some kind of holy calling, for the exceptional ones. Cristian in name only.
@ #10 Bankrupting Landlords is good for the Economy on 02.22.22 at 5:01 pm
To directly answer your question try Minnesota.
Governor raises taxes on the wealthy, boosts education funding, raises minimum wage, signs into law an equal pay regulation. Etc.
Time Passes.
State (Minnesota, remember?) becomes the 5th fastest growing economy in the US. Unemployment drops to 3.2%, a $2.6 billion deficit becomes a billion dollar surplus and its economic confidence is the highest of any state.
Its all in who you elect, who leads, eh?
Besides if you haven’t spent all day in an ice fishing shack and then enjoyed a feed of pickerel cheeks fried in beef tallow you haven’t lived.
Thanks for another excellent blog. One comment though. If you expect rates to rise, I don’t think it is a bad idea to aggressively pay off the mortgage while the rates are low, at least for some people who prefer lower risk.
You are better off investing the money for five years and then retiring debt upon renewal. – Garth
#36 All lies and manipulated on 02.22.22 at 6:32 pm
#34 Meh on 02.22.22 at 6:27 pm
#25 AM in MN on 02.22.22 at 5:58 pm
Wow! Y’all are triggered by the slightest mention of the notion your god isn’t actually at all godlike. Sail Away ought to be chiming in here soonish.
#22 Faron on 02.22.22 at 5:21 pm
…Jordan Peterson … Running cover for racist a-holes is almost as bad as being one.
————————————————–
Can you give any real world examples of where it does exist?
—
From my early days in Canada on a flight to Regina wherein my seatmate went on and on and on about the problems “Indians” have (meaning first nations people) that included laziness, stupidity etc etc. through the ongoing simmer of hate-fueled violence including the murder of a Muslim family last year through all kinds of videos posted by the likes of Pat King who promotes the idea of “depopulation” the list is too long. It’s not my job to spoon feed you facts. It’s literally everywhere.
#34 Meh on 02.22.22 at 6:27 pm
This is why Jordan Peterson ties his opponent’s brains in pretzels: not because he as a better grasp on anything, it’s because he deploys non sequitur gotcha-isms and outright confusing arguments to turn the whole thing into a morass. It’s like being asked to play a game of tennis with someone who then pulls out a Jai Alai cesta and mocks you for “losing. Worse is that you dorks think it’s all tennis and wonder why we are pretzled.
Then there’s this:
Debating Right-Wing “Intellectuals” – Austin Archer
But this time it’s worse. The house porn addiction isn’t limited to degraded urbanites. It’s everywhere in the hinterland, thanks to Covid. The big problem, says the bank, is not that there’s too few houses but too much house lust.
from the Ontario Housing Affordability Task Force
Dear Minister Clark,
Hard-working Ontarians are facing a housing crisis. For many years, the province has not built enough housing to meet the needs of our growing population. While the affordability crisis began in our large cities, it has now spread to smaller towns and rural communities.
Efforts to cool the housing market have only provided temporary relief to home buyers. The long-term trend is clear: house prices are increasing much faster than Ontarian’s incomes. The time for action is now.
When striking the Housing Affordability Task Force, you and Premier Ford were clear: you wanted actionable, concrete solutions to help Ontarians and there was no time to waste. You asked us to be bold and gave us the freedom and independence to develop our recommendations.
In the past two months, we have met municipal leaders, planners, unions, developers and builders, the financial sector, academics, think tanks and housing advocates. Time was short, but solutions emerged consistently around these themes:
• More housing density across the province
• End exclusionary municipal rules that block or delay new housing
• Depoliticize the housing approvals process
• Prevent abuse of the housing appeals system
• Financial support to municipalities that build more housing
in other words zoning protection would be removed. And to a large measure, municipal government would be removed.
DELETED
Big time money printing continues in US
https://scottgrannis.blogspot.com/2022/02/m2-growth-continues-at-rapid-pace.html
No reason to think it is different here.
High inflation is unavoidable it seems.
I’ve always thought that’s how the unsustainable western welfare states would deal with reality because no way politicians in power would dare to deal directly with the problem (for example by cutting their own bureaucracies, union paradises and pulling back on spending), the results are similar: live beyond your means you get poorer.
But inflation is worse, it is insidious like a hidden tax and the most vulnerable will get hit the hardest. It is quite disgusting when you think about it.
#40 Chris L. on 02.22.22 at 6:23 pm
Wow, just wow. Really liked how you volunteered misogyny into the mix and then explained that away too.
Tamara & her co-conspiritors were becoming adrenalin junkies , jacked up on power & fear. Safest place to climb down off that high is jail. Protects them from making silly mistakes trying to prolong their high. I’ll bet they were intransigent in front of the judges. All the great revolutionaries do jail time.
Remand is a zoo. They will be tested. The regulars will send a shitrat or two to torment them. Called building street cred. But we all know the future shock troops for the leaders ain’t coming from the petit bourgeoisie. Convoyists surely have a kindly angel guiding them. Leaders doing jail time is tried & true while their movement makes a tactical retreat.
#40 Chris L. on 02.22.22 at 6:23 pm
Any/all/always/none – are black and white words – the world is shades. Jordan would never (hahahaah) use his words so carelessly.
—
His exact tweet:
🤡
#10 Bankrupting Landlords is good for the Economy on 02.22.22 at 5:01 pm
I have a question for all: How easy is it to emigrate to the US? I’m thinking Idaho.
______________________________________
Camille was trying to talk Tony Soprano into moving into Montana on criminal witness protection program, and he said ” What? And we’ll have the Mormon neighbors over for dinner on Sunday’s?”
Think it over. Canada is pretty much the same everywhere, USA has major differences everywhere.
And lots & lots of Bible right in your face.
A major tell of cognitive dissonance by the Trudeau government is the claimed ability to read protestors minds.
Perhaps the “honky-tonk” messages are the secret communications that Trudeau refuses to share with the Senate???
Hmmmmm……
Inflation will continue to run hot. War costs money and you have to pay for it somehow.
If you are taking money out of the bank take it in AMERICAN DOLLARS the best for an emergency world
wide.
Your extremism negates your consequence. – Garth
I’m old enough to remember when the idea of vaccine passports and mandates would have been considered extreme. The overton window has shifted so far left that batshit crazy is the new normal.
I’ll leave it at that because I don’t want my bank accounts frozen…
The trucker protests are over. There is no reason to impose the War Measures Act other than to stifle dissent to the ruling party. Meanwhile natives destroy a pipeline and attack workers with axes last week and there is virtual news blackout by the paid off media. Freedom once gone will be very difficult to retrieve. Martial law is a result of Trudeau’s wet dreams of Chinese style autocracy.
Can’t you people take up Wordle or get a dog to walk? This is tedious. – Garth
#40 Chris L. on 02.22.22 at 6:23 pm
Wow, just wow. Really liked how you volunteered misogyny into the mix and then explained that away too.
His exact tweet:
Nazis; white supremacists. These simply do not exist in Canada. There’s no culture of such things in Canada, political or otherwise.
___________________
Fine, have it your way. Canada is full of white supremacists and misogynists and their culture is everywhere filling all voids of Canada. I’m out, enjoy your self flagellation.
#29 Faron
There is stuff you do not know about regarding USOI (27.66% dividend yield paid monthly, +6.5% past year) besides retiree Nirvana 🙏. Contango as far as the eye can see.
I cannot talk about it in this venue (not the contango).
Ask Garth for my email address and provided you will not shoot off your big fat mouth in this venue I will tell you what it is.
—————–
GARTH, probably a BIG mistake by trusting 🦄 🌈 🤞 me, let Bill C-16 Faron have my email address if requested.
#25 Faron
No dung Sherlock.
The Onion = The Atlantic + Desert, Planet Claire Dry Humour.
Babylon Bee is hilarious. Reminds of Mad Magazine in the 70s and 80s. Sophomoric. Good for Paleo’s like me.
And they dish the Right as well:
https://babylonbee.com/news/9-signs-youre-watching-too-much-fox-news
https://babylonbee.com/news/christian-questioning-faith-after-receiving-wrong-order-at-chick-fil-a
etc.
—————
TOEFL. You failed.
55 Faron on 02.22.22 at 7:02 pm
#36 All lies and manipulated on 02.22.22 at 6:32 pm
#34 Meh on 02.22.22 at 6:27 pm
#25 AM in MN on 02.22.22 at 5:58 pm
Wow! Y’all are triggered by the slightest mention of the notion your god isn’t actually at all godlike. Sail Away ought to be chiming in here soonish.
#22 Faron on 02.22.22 at 5:21 pm
…Jordan Peterson … Running cover for racist a-holes is almost as bad as being one.
————————————————–
Can you give any real world examples of where it does exist?
—
From my early days in Canada on a flight to Regina wherein my seatmate went on and on and on about the problems “Indians” have (meaning first nations people) that included laziness, stupidity etc etc. through the ongoing simmer of hate-fueled violence including the murder of a Muslim family last year through all kinds of videos posted by the likes of Pat King who promotes the idea of “depopulation” the list is too long. It’s not my job to spoon feed you facts. It’s literally everywhere.
===============================================
Anecdotes as data. Thought we covered this?
Some scientist.
Canada was the last stop on the underground railroad for slaves from the US. The country you ran away from was literally founded and economically prospered from racism. See the difference?
Pockets of racists are everywhere but you need to look up the definition of “endemic”. Don’t project your US sh!t onto your adopted country, that’s weak even for you.
#25 Faron
PS:
Hot off the press for Bill C-16 you…
https://babylonbee.com/news/trudeau-announces-he-will-retain-ring-of-power-indefinitely
#62 Wrk.dover on 02.22.22 at 7:44 pm
#46 Ustabe on 02.22.22 at 6:40 pm
Thanks for your replies but I’d rather be homeless in the United States than living in this garbage country an extra year. What’s the process to immigrate there? Anybody done it? I have no criminal record and I’m working full time.
My pronouns? Same as the Queen’s. We, us, and ours.
#69 Søren Angst on 02.22.22 at 8:07 pm
#29 Faron
Thanks. I appreciate your trust, but I don’t see a need to get in touch as I don’t think this product would meet my needs at 44 years old. Those needs are maximizing capital growth rather than maximizing income and as far as I can tell, the total return of USOI is lower than the underlying.
I’ll stop bugging you about it even though I am still a bit mystified.
#13 – thetyee.ca. A Convoy
Revved by Foreign Actors Spreading Lies. Feb 21.
‘The pandemic proved a huge opportunity for Russian propaganda’.
Sticking with variable. 5 year fixed is over 3% and my variable is 1.6%. Let it ride!
#51 Triplenet on 02.22.22 at 6:56 pm
– what’s your status faron ?
—
Well, I prefer you/y’all. But, when the moon is waxing gibbous dude/guy/bro work.
#30 willworkforpickles on 02.22.22 at 5:50 pm
To reiterate a former comment somewhat. I could have waited to post this here than in the previous string moments ago. Didn’t know Garth would be on the subject in his latest blog entry.
Nice pup in the photo today I have to say.
– – – – –
#185 IHCTD9
“In todays context, what would be considered draconian measures? It sure wouldn’t take much to feel that way. It’ll feel that way before it’s enough”
……………………………………………………………………………………………………..
Draconian measures to conquer inflation would require an immediate interest rate increase above the rate of inflation making the necessary rate adjustments to keep ahead of the inflation rate while bringing it down.
The Fed would not ever be wise even if to increase rates up to, but only 1% increments at a time to eventually get ahead of the inflation curve, as that would prolong an inflationary recession.
————
I think the BOC is stuck. Can’t not follow the Fed. Can’t let inflation keep rising. So how many clicks of the ratchet is enough? Is it when the economy staggers? Is it when the Trillions in mortgage debt starts steamrolling the hoards of over leveraged? Is it when government borrowing becomes irresponsibly expensive? Is it when debt servicing costs start compromising revenues? Or is it when inflation is corralled? Or when the US Fed puts on the brakes?
Looking at the BOC’s mandate, they’re going to have some tough decisions to make here shortly.
#62 Wrk.dover on 02.22.22 at 7:44 pm
#10 Bankrupting Landlords is good for the Economy on 02.22.22 at 5:01 pm
I have a question for all: How easy is it to emigrate to the US? I’m thinking Idaho.
______________________________________
Camille was trying to talk Tony Soprano into moving into Montana on criminal witness protection program, and he said ” What? And we’ll have the Mormon neighbors over for dinner on Sunday’s?”
Think it over. Canada is pretty much the same everywhere, USA has major differences everywhere.
And lots & lots of Bible right in your face.
————
He won’t need to think long. Becoming a bonafide US Citizen is damn near impossible. Best bet for success is marry one, seriously.
Garth.
Excellent post, as usual…..
BUT……What the Hell is a “Fluevog”?
Good and reliable – Government, Media, Banks, Education, etc…
.
Bad and racist – Truck Convoy waving Cdn flags.
I’ve been watching the senate debate all evening and it looks like there just might be enough sanity in that chamber to revoke the emergency powers… Fingers crossed.
#55 Faron
This is why Jordan Peterson ties his opponent’s brains in pretzels: not because he as a better grasp on anything, it’s because he deploys non sequitur gotcha-isms and outright confusing arguments to turn the whole thing into a morass.
——
I am an academic who has generally been progressive, but not the type to block bridges (Extinction Rebellion) or to be out there blocking railway lines. J. Peterson is not someone who I would gravitate to, but his dialogue with Rex Murphy was (for me) something that I resonated with.
The T2 regime can’t simply ignore as irrelevant and “unacceptable” those with working class roots, many of whom have lost jobs or fallen off the financial cliff (with inflation, price spikes, lost jobs) owing from the mandates coming from above. The laptop class (of which I am now a member) has not suffered much at all.
My roots (and those of my wife) are very closely tied to the working class that barely gets by. Think of the netflix series the Ozarks where it is reasonable to have a rotting sofa or a washing machine on your porch and finally Ruth and Wyatt Langmore go to college to become upstanding citizens. This is my roots, and I understand at some level the true discord out there with T2 and his mandates.
#52 T-Man on 02.22.22 at 6:57 pm
Why do the ‘Muricun military have over 750 bases in over 150 countries? Who gave them the right to rule the world? Does the average ‘Muricun recognize how much they as a country are hated and despised around the world for their meddling? I suppose having lived under decades of propaganda, saving the world for democracy, the self righteous ‘Mericuns’ can’t help themselves. It’s like some kind of holy calling, for the exceptional ones. Cristian in name only.
————
If the USA pulled out of every foreign defence agreement they have ever made, boy oh boy…. Japan would have a nuclear arms program up and running the next day. South Korea would triple their military spending overnight. The entire Middle East would erupt and the desert would run red with innocent blood for years. Taiwan would cease to exist.
In short, if the USA pulled their support of all these countries, it would seal the death of millions. Simple as that.
Faron on 02.22.22 at 5:21 pm
#11 jess on 02.22.22 at 5:02 pm
mr. hillier just havin’ a beer with his friends? omg
https://pressprogress.ca/
—
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
___________________________________________
Look kids, Faron is “woke”. ZZZZZZZZZZZZZZZZ
#73 Bankrupting Landlords is good for the Economy on 02.22.22 at 8:24 pm
#62 Wrk.dover on 02.22.22 at 7:44 pm
#46 Ustabe on 02.22.22 at 6:40 pm
Thanks for your replies but I’d rather be homeless in the United States than living in this garbage country an extra year. What’s the process to immigrate there? Anybody done it? I have no criminal record and I’m working full time.
_________________________________
Fly to Mexico, then walk norte, Amigo!
#71 C’mon you can do better on 02.22.22 at 8:21 pm
You are re-framing the argument which is almost as bad as calling facts (hate-fulled killing and the white supremacists at the top of the convoy heap among numerous media accounts of neo-nazi and white nationalist activities in Canada) anecdote. You, RD, have failed. Here, again, is the quote in question:
Even you see that racism and white supremacy is everywhere while your hero, Jordan Peterson, fails to see it. I commented about it after Jess sent a link to an image of a Canadian politician hanging out next to the flag of a group proud of their white nationalist stance.
Seriously, how blind are you? What’s it like carrying all of this water for truly abhorrent people? Does it really cause you this much pain to admit your country is far from perfect in this way? Is it hard for you to see that acknowledgement is the only way toward improvement?
The simple answer here is that Jordan Peterson is a bit drunk on his own power and is branching out into areas that he has zero clue about and, worse, isn’t attempting to learn. The guy’s a dunce.
Your extremism negates your consequence. – Garth
—-
So what do you suggest that will be befitting?
#79 IHCTD9
I think the BOC is stuck. Can’t not follow the Fed.
…………………………………………………………………………………………………..
Inflation will be hitting on all cylinders in Canada when the massive support created by the Trudeau regime works its way through the system. The BoC will keep in step with the Fed playing the inflation card with about the same negligible results.
“‘Help, Lord, for no one loyal remains;
the faithful have vanished from the children of men.
They tell lies to one another;
they speak with deceiving lips and hypocritical hearts.
May the Lord silence their flattering lips
and close their boastful mouths that say.
‘Through our words we have power;
we say whatever we wish—who can be our master?’
‘Because of the oppression of the afflicted
and the groaning of the poor,
I will now come,’ says the Lord.
‘I will put the one who longs for it in a safe place.'”
Psalm 12:1-6
#48 Brett in Calgary on 02.22.22 at 6:43 pm
“We may all need to start grappling with the reality that the Fed, and other central banks, will need to do more—potentially much more—than the prior cycle.”
———————————————————-
No offense, but I’ll believe it when I see it. The central banks don’t exactly have steel cajones. I believe rates will rise, but more than previous cycles will bring on a recession and back peddling from the bankers.
*******
Brett they know raising rates will trigger a recession in the not so distant future…do they raise or face the negative consequences of unchecked inflation. What’s the lesser of the two evils?
#65 cuke and tomato
Okey doke buddy – thanks for that, or whatever
#152 Wintertime on 02.22.22 at 12:29 pm
-Correct. For some reason, that other poster thinks he’s the only one who has noticed inflation rising, and impending interest rate hikes. Forget the fact it’s a household topic, on the front cover of every newspaper and magazine around the world, and a hot button political issue debated in Parliament routinely.
Of course everyone else is actually well aware of the inflation, has moved past recognizing it, and is more interested in how to maintain/build wealth in the face of it. Luckily our host outlines strategies on how to do just that daily.
Basically anyone who has been around the investment world long enough realizes most people fall into the either a glass half full or glass half empty camp. Once again, as our host has illustrated many times (weekend blog posts also), the glass half full side wins almost always. Stay invested in the b and d portfolio, buy dirt the moment you can afford to. That will always be the winning strategy.
IDK
Currently in a 2.89 5 year fixed mortgage, up for renewal in August. I have been sitting on the sidelines waiting for an opportunity to pull the trigger to upgrade. Current mortgage 270k with house assessed at 1.2m. HH income of 180k no other debt and half decent DB pension plan. I don’t think I should lock in at 5 year fixed but rather for variable open.. Am I wrong?
35 Pbrasseur
BINGO BANGO AND ERVING
#86 canuck on 02.22.22 at 9:18 pm
Wow, the love for JP around here is incredible. Who else do you all carry water for?
#73 Bankrupting Landlords is good for the Economy on 02.22.22 at 8:24 pm
#62 Wrk.dover on 02.22.22 at 7:44 pm
#46 Ustabe on 02.22.22 at 6:40 pm
Thanks for your replies but I’d rather be homeless in the United States than living in this garbage country an extra year. What’s the process to immigrate there? Anybody done it? I have no criminal record and I’m working full time.
———
If you’re under 40-ish, you can enlist in any branch of the military for four years and emerge a citizen.
Many Canadians do this.
#76 april on 02.22.22 at 8:32 pm
#13 – thetyee.ca. A Convoy
Revved by Foreign Actors Spreading Lies. Feb 21.
‘The pandemic proved a huge opportunity for Russian propaganda’.
———
You know how Garth is always saying Canada RE is driven up by Canadians and not foreign actors?
Same applies. I saw zero Russian truck drivers.
Faron, your hubris is truly astounding.
Immigrate to Canada, then lecture and namecall Canadians about their horrible racist, white supremacist roots. Just wow.
Identical tactics as the early priests to Canada. Weird.
Faron.
I was working all day today.
What’d I miss?
#22 Faron on 02.22.22 at 5:21 pm
—
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
*********
Spewing your malignant identity/intersectional ideology and slandering a man who has helped far more people than you have (ever will?) is arrogant and unscrupulous behaviour. Sadly, we’ve see that from you and your ilk for too long.
Seems you’re starting to eat your own though (laughable CNN meltdown). Can never be righteous enough. Well, ‘cept for you.
M58BC
So, oh great bearded wonder….. what is your take on the idea of tens or hundreds of thousands buyers going broke or walking away from their mortgage’s and CMHC needing to cover those Billions of dollars to cover?
Do Canadian taxpayers need to worry??
Central Banks are kind of in a pickle right now. The war in Ukraine is increasing the cost of energy so it will increase inflation.
At the same time it is creating a lot uncertainty to put in modestly. This uncertainty decreases discretionary spending and investment.
This seems like a perfect set up for a return of what was called stagflation. A horrid combination of inflation and slow growth which contributed to Jimmy Carter being a one term President. The Iran hostage crises didn’t help him either.
What do they say history may not repeat itself but it rhymes.
#90 willworkforpickles on 02.22.22 at 9:37 pm
#79 IHCTD9
I think the BOC is stuck. Can’t not follow the Fed.
…………………………………………………………………………………………………..
Inflation will be hitting on all cylinders in Canada when the massive support created by the Trudeau regime works its way through the system. The BoC will keep in step with the Fed playing the inflation card with about the same negligible results.
********
No doubt it will come down to a choice that is the lesser of the evils. I do know that government can tread the financial FUBAR longer then Dick and or Jane Overleverage can. Like watching a slow motion train wreck from the caboose lookout.
#98 Sail Away on 02.22.22 at 10:00 pm
#73 Bankrupting Landlords is good for the Economy on 02.22.22 at 8:24 pm
#62 Wrk.dover on 02.22.22 at 7:44 pm
#46 Ustabe on 02.22.22 at 6:40 pm
Thanks for your replies but I’d rather be homeless in the United States than living in this garbage country an extra year. What’s the process to immigrate there? Anybody done it? I have no criminal record and I’m working full time.
———
If you’re under 40-ish, you can enlist in any branch of the military for four years and emerge a citizen.
Many Canadians do this.
———
Cool deal. They like military folks down there too.
I know the US has a list of what workers they are looking for, and that you’d likely need to be young, and it may take years/decades.
Alternately if one of your parents were born in some other country, you might be able to get dual citizenship. I have this option, but think I’d more likely move north than out of Canada if the status quo continues.
You might consider that option too, getting out of the blast zone where Trudeau’s stupid policies will destroy prosperity. My area was great until Trudeau drove up housing prices 100% since he got elected. Now all I see are gta specuvestors, flippers, and mom and pop wannabe landlords instead of new neighbours. You’ll probably have to move quite a ways out before you’re safe.
I’m in denial at the gas station.
It’ll go back down right?
The government will step in and control the price won’t they? We have to get to work.
Further to Bankrupting Landlords is good for the Economy‘s query:
Do you own a house? Got some savings? Guy at work is retiring out to NS. Never even been there. Drove out and bought a small older house for 150K. Listed his small (but nice) 1 bedroom 10 year old house on an acre for 499, got 775 for it. 63 showings, 25 offers.
That’s a clean escape. Once you settle in, just stop watching the news, you’re safe. Removing Trudeau from your life is just a click away at this point.
#100 Sail Away on 02.22.22 at 10:13 pm
All of my sources are Canadian. I know it’s crazy, but you can actually learn things from others even though I’ve only lived here for 11 years. I’ll add that there are numerous life-long Americans who will smokescreen around white supremacy there.
Your comment is as logically sound as me saying “hey, I’ve used bridges daily my entire life. I even live bridge-adjacent. I can probably outdesign that engineer guy in Nanaimo when it comes to bridges.” About as idiotic as your “station” comments from a while ago.
Hmm, I was thinking I may have to resurrect that tick/Sail Away/parasite joke I decided against. But, given that it appears Lyme disease already has your nervous system in wrack maybe I’ll keep it shelved.
#99 Sail Away on 02.22.22 at 10:06 pm
Yep, Lyme.
#102 VicPaul on 02.22.22 at 10:20 pm
“eat your own”
How is that exactly?
TODAY IS 2-22-2022
The Return of Pluto….
On 2/22/22 will be a once-in-a 248 year event.
Pluto is going to conjunct (return to) the United States.
The Last time this happened was on July 4th 1776, the exact founding day of America.
Astrologically, Pluto brings Destruction and Rebirth.
Rome fell when Pluto Returned.
#88 Faron on 02.22.22 at 9:27 pm
…almost as bad as calling facts (hate-fulled killing and the white supremacists at the top of the convoy heap among numerous media accounts of neo-nazi and white nationalist activities in Canada)
—————
Holy Moses… Dude, get your head checked. I’m not even joking here.
Dear supporters of the Karen Convoy.
Please read this and try to understand it. Cheers.
https://www.adultingishard.org/post/being-mad-doesn-t-make-you-right
#101 crowdedelevatorfartz on 02.22.22 at 10:20 pm
Faron.
I was working all day today.
What’d I miss?
——-
It’s been total a meltdown volcanic eruption special combo this evening. Can I get you some desert?
Warren Buffet said the Language of Business is Accounting, and the Gravity in business like physics, is Interest rates… the kick the can down the road, is turning out to be a dead end back alley !! Have we been speaking our Language properly or using common sense and physical measurements, that are not eligible for compromise, or interpretation. No, No and No, so now what??
Al, how nice you’re getting Sadie after losing your partner.
Sadie’s a lucky girl.
“…keep on truckin'”
For the first time, that phrase made me flinch.
#22 Faron on 02.22.22 at 5:21 pm
#11 jess on 02.22.22 at 5:02 pm
mr. hillier just havin’ a beer with his friends? omg
https://pressprogress.ca/
—
Oh. Pressprogress. The state media’s little radical sister with purple hair and 1950’s librarian glasses.
60 fishman on 02.22.22 at 7:35 pm
Tamara & her co-conspiritors were becoming adrenalin junkies , jacked up on power & fear. Safest place to climb down off that high is jail. Protects them from making silly mistakes trying to prolong their high. I’ll bet they were intransigent in front of the judges. All the great revolutionaries do jail time.
Remand is a zoo. They will be tested. The regulars will send a shitrat or two to torment them. Called building street cred. But we all know the future shock troops for the leaders ain’t coming from the petit bourgeoisie. Convoyists surely have a kindly angel guiding them. Leaders doing jail time is tried & true while their movement makes a tactical retreat.
———-
So you’re saying Tamara is a Gandhi or Mandela.
You’re scaring me more and more.
Seek professional help, soon.
#91 Pray on 02.22.22 at 9:42 pm
“‘Help, Lord, for no one loyal remains;
the faithful have vanished from the children of men.
They tell lies to one another;
they speak with deceiving lips and hypocritical hearts.
May the Lord silence their flattering lips
and close their boastful mouths that say.
‘Through our words we have power;
we say whatever we wish—who can be our master?’
‘Because of the oppression of the afflicted
and the groaning of the poor,
I will now come,’ says the Lord.
‘I will put the one who longs for it in a safe place.’”
Psalm 12:1
——————
Yeah, Sure.
Tell that to Putin.
He does not give a crap.
He’s a Communist Atheist.
111 H bear
Try 22 minutes 22 seconds after 10 pm tonight.
That’s 22:22:22/22/2/22…….
#94 I don’t know
………………………..
What do you know about inflation other than what mainstream sources tell the herd which is minimalistic at best.
Outside of what i post but few others if any ever do, you don’t read of the primary causes of inflation, but only what the mainstream herd is ever told.
None in that who’s responsible for it, why we’ve come to this point in time, why its not going away, the long term implications of it, projections of where we’ll be with it, one two three years on, or the snowballing, viscous circle effect by measures to stop it only adding constantly to it.
And all by those who created it, can’t fix it and why they can’t.
That’s just for openers without even touching on the global aspects of it all.
Not common knowledge as you and a very few others like to simplify it being, as if it were but a tiny blip on the economic radar screen … unworthy of further detail.
And so it likely is unworthy of further detail in your minds, but you couldn’t answer even the short list of items I’ve given off the cuff.
As i have said all along…you really don’t know much at all, so generalize it all away with obtuse assumptions like its all simple arithmetic all are fully aware of and what’s the point going on telling us what we already know.
Outside of mainstream sources telling you what they want you to know and nothing more , you don’t know jack beyond that point.
If i had never spoke up, posters submitting comment would be running around here high on the mainstream kool-aid , that inflation will all go away later in the year or just drop off enough that it will cease to be an ongoing issue.
…so now maybe i should leave it all to the smooth talkers telling the many who never do a lick of real research, just what they want to hear and nothing more.
As for facts…we don’t need no stinking facts. …do we?
Garth, it seems that you prefer to ignore the huge elephant in the political room. I mean, Trudeau government sliding into totalitarianism – the lefties aggressively taking over the country.
Is it too insignificant to address?
#108 IHCTD9 on 02.22.22 at 11:03 pm
House?: No
Savings?: Yes ~80k
I appreciate your comment but it’s not only Trudeau that I hate and despise but the average Canadian too. I was born and raised here. This whole Convoy thing proved to me that Canadians are totalitarian-adjacent and very r-selected. You can’t change that because it’s in the amygdala. The only thing I can do now is move where I can be with like-minded people like Idaho, Utah, Texas…
Imprisoning opposition without bail renders Canada uninvestible. Trudeau says it’s all secret. Last time a Commonwealth goon crippled democracy the family booted them out. Trudeau deserves that.
Direct foreign fund in flows stopped two years ago. That’s the smart money telling you they won’t touch Trudeau-ville with a barge pole.plenty of good companies to buy in the US. Thx Canada, but no thanks.
Garth, I guess Trudeau kept you out of the loop!
Well everyone, we officially should have been at WAR with Russia over the mass casualties in Ukraine.
All those US shipments of missiles and armaments sent to Ukraine, where did they go?
Yes, you guess it in those regions of Ukraine that is now Independent States and into Russian hands.
This is the second major military defeat of the Biden Administration with huge amounts of military equipment now in its enemies hands ready to blowback and blow up US and NATO forces.
Hopefully our Canadian Senate and other countries force Trudeau out of office.
Trudeau played his hand too soon hoping the timing of WAR was justified and his Emergency Powers Declaration as he made the Truckers Convoy a personal attack on him. His fleeing from office hurt his pride and ego.
So the Truckers Convoy became a personal vendetta.
Having independence from the constant barrage of media propaganda for the Trudeau government.
Hopefully…
I see some damage control already…unfreezing bank accounts and RCMP lists, what lists…
Once upon a time I paid down mortgage debt as fast as I could. Paying down debt which wasn’t deductible with after tax income made sense to me.
Trying to make the spread with mortgage debt never did it for me. Paid for properties …. fit my risk tolerance.
Government got the downtown if Ottawa lockdown worse than the truckers! Got to love our new police state. And guess what? Ya need papers to enter the ‘red zone!’. You couldn’t make the Insanity up! I hope it accelerates the great awakening…before we get to the great reset. Wake up people!
https://ottawa.citynews.ca/police-beat/traffic-impacts-around-downtown-continue-making-for-slow-commutes-police-5085971?utm_source=SND&utm_medium=Facebook&utm_campaign=AutoPilot
#113 Blobby on 02.22.22 at 11:26 pm
Dear supporters of the Karen Convoy.
Please read this and try to understand it. Cheers.
https://www.adultingishard.org/post/being-mad-doesn-t-make-you-right
===============================
Can someone please tell Rex Murphy this? He’s become the rambling and nonsensical whiner-in-chief at the National Post for years now.
willworkforpickles on 02.23.22 at 1:03
-As I stated earlier. What’s your point?
Inflation is high. And everyone and their brother is well aware of that.
Interest rates are rising. Same thing. Debt? Ditto.
How does the average person cope and maintain/build wealth is what people care about. Try adding value to the discussion in that regards.
Basically your post content is ubiquitous and common throughout many finance forums, Reddit, YouTube comments, and so on. The irony of your posts is that anyone who visits those places is aware that realistic advice and discussions is the actual rarity, not the other way around.
IDK
“If you want to understand someone’s values or worldview, take a look at who (and what) provokes outrage and who (and what) evokes sympathy. The cognitive dissonance inherent in much of the American right can make such an examination problematic.
“That’s because some of the most prominent voices on the right today view Vladimir Putin as a misunderstood victim. Meanwhile, they cast Canadian Prime Minister Justin Trudeau as an authoritarian strongman.[…]
“If the 1985 version of Marty McFly transported to 2022, it would be impossible to explain to him why so many conservative Republicans are willing to look the other way on Russia invading a sovereign nation, while they simultaneously blast Canada for imposing consequences on protesters blocking traffic.” — Matt Lewis
SHOP was $1700 in November, it’s $620 today. It’s a disaster. But even useful companies are feeling the pinch, Moderna was $500, now $145.
Don’t buy individual stocks unless you hold at least 60 on each exchange.. How often do we have to remind you? – Garth
There was a non-dog and non-cat photo?
A bunny?
And I almost missed it!
That was way too close.
I have to get back to daily patronage ways.
122 Pandemic Is Over
Garth, it seems that you prefer to ignore the huge elephant in the political room. I mean, Trudeau government sliding into totalitarianism – the lefties aggressively taking over the country.
Is it too insignificant to address?
>>>
Talking about it isn’t going to do anything. It will just make us all sad at the reality of what is going on.
Democracy? Freedom?
There are increasingly things that can be relocated to the FICTION section of your local library or book store.
What matters is money.
Look at the NBA a few years back. Look at John Cena. Look at the Peng Shuai. Look at IOC become the instruments through which these things are white washed. Look at all the hot air by all others, only WTA has stood and, and is increasingly under pressure.
Why? Money.
It is the root of all evil.
We still don’t seem to understand it.
What we know for sure is…we need more of it.
@# 97 Faron
“Wow, the love for JP around here is incredible. Who else do you all carry water for?”
+++
Ponzie.
Because every time I read something he says I scream, “Jesus!”
Just now in globe interview with the Impaler, no touching capital gains in equity markets from current 50%?
Regarding capital gains tax: You’re not going to change how it affects principal residences. What about the equity markets?
No intention to go there.
@#10 Bankrupting Landlords is good for the Economy on 02.22.22 at 5:01 pm
I have a question for all: How easy is it to emigrate to the US? I’m thinking Idaho.
There’s no point to live in a country that you now hate on a cellular level.
——————————
awww, boo hoo.
so many salty tears from steerage.
Should We Have Referendums?
#47 theoryAndPractice on 02.22.22 at 6:41 pm
We can do million things online: banking, schooling, applications, investing, chat, work, pay bills & taxes, post crap like this one, etc …
Why public is not asked to vote for a referendum for the most important public matters online as a rule of thumb?
*********************
Ummm have you ever met the public. Particularly the nasty anonymous online public? Who are so easily swayed by radicals.
Yeah, no thanks to that idea. At least politicians are voting in public view.
Day trading is mostly a rigged game, most gains coming after hours apparently.
/www.reddit.com/r/Superstonk/comments/s2a8fh/they_still_havent_told_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
#129 I don’t know on 02.23.22 at 6:56 am
willworkforpickles on 02.23.22 at 1:03
-As I stated earlier. What’s your point?
Inflation is high. And everyone and their brother is well aware of that.
Interest rates are rising. Same thing. Debt? Ditto.
How does the average person cope and maintain/build wealth is what people care about. Try adding value to the discussion in that regards.
Basically your post content is ubiquitous and common throughout many finance forums, Reddit, YouTube comments, and so on. The irony of your posts is that anyone who visits those places is aware that realistic advice and discussions is the actual rarity, not the other way around.
IDK
**********
Reddit and youtube? What do they say about building wealth in an inflationary environment? Is that where you got your information that the main cause of inflation was due to the supply chain issues? How do YOU think people with deal with rising prices? Not much choice but to pay up or cut back. Google inflation news and learn for yourself.
#81 Dave from St.Thomas on 02.22.22 at 8:52 pm
Garth.
Excellent post, as usual…..
BUT……What the Hell is a “Fluevog”?
———————————–
Hi Dave – they are funky, leather, shoes. The kind Johnny Depp or Dita von Teese might wear. $700 plus a pair.
Can’t you people take up Wordle or get a dog to walk? This is tedious. – Garth
_____________________________
We can’t stop being tedious because Justin says the “crisis isn’t over yet.” And what is even more tedious is listening to Senators use failing CBC talking points.
https://torontosun.com/opinion/columnists/gunter-as-cbc-ratings-plummet-they-ask-for-more-taxpayer-dollars
Despite no evidence, the Senator debating the emergency act last night talked about children being used as “human shields” at the protest. The trucker convoy on Wellington had bouncy castles, free pancake breakfast, live music and dancing, speeches, and fun. But what CBC saw was an obvious ruse – to use the kids to prevent the fun from being ruined by police officers. While ignoring certain realities work for the government, it doesn’t work so well for news media – unless you too want to become another arm of the government.
Meanwhile, tedious Justin Trudeau refuses to relinquish his new found powers because of some secret plot he hasn’t yet uncovered.
https://nationalpost.com/news/politics/senate-growing-frustrated-by-pressure-to-rubber-stamp-emergencies-act?fbclid=IwAR3KI4ePPVON8Jw9X2QbU3l13FtT1UPkaBMKJpeNakluX0Km-v9Z9reKHvY
Supreme leader needs to hold on to the highest of powers because some truckers are still parked somewhere after they can not work since they refuse to be injected with a vaccine that no longer provides any protection against omicron until you get it 3 times. He’s upset that they are now legally parked outside Ottawa after he refused to let them park illegally in Ottawa. I’m sure he would prefer they just go home and cancel themselves completely – or better, comply with his every command.
Justin admires his now powers as much as he admires the powers of “China’s basic dicatorship” – look how fast I can clear out anyone that disagrees with me! – he proclaims It’s so much more efficient to just command people about, than it is to sit down and talk with anyone.
Protest and disagreement is an ugly, but necessary part of freedom – so tedious!
Justin Trudeau is an emergency Prime Minister without an Emergency.
That’s an emergency.
Tedious. – Garth
#102 VicPaul on 02.22.22 at 10:20 pm
Spewing your malignant identity/intersectional ideology and slandering a man who has helped far more people than you have (ever will?) is arrogant and unscrupulous behaviour. Sadly, we’ve see that from you and your ilk for too long.
==============================================
The left loves to rail against “hate” and “intolerance” while spewing it themselves. Oh the irony. You can’t defeat hate with more hate.
When you see the level of vitriol this clown Faron constantly produces here, one can only conclude it comes from something other than actually wanting to effect change in people’s attitudes or opinions. Smug paternalism and lecturing histrionics only drive people to harden their position. You might think someone with such pride in their own intellect would grasp that.
But the arrogant always get their comeuppance eventually. Pride cometh etc.
#22 Faron on 02.22.22 at 5:21 pm
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
===
Peterson is totally correct; white supremacy doesn’t exist in Canada at the systemic level. There are individuals who hold white supremacist views, but they have very little influence.
Meanwhile, toxic anti-white racism florishes in the modern Canadian MSM. And certain blathering leftist idiots are happily running cover for the alt-left racist a-holes.
#127 Chris L. on 02.23.22 at 5:26 am
Government got the downtown if Ottawa lockdown worse than the truckers! Got to love our new police state. And guess what? Ya need papers to enter the ‘red zone!’. You couldn’t make the Insanity up! I hope it accelerates the great awakening…before we get to the great reset. Wake up people!
https://ottawa.citynews.ca/police-beat/traffic-impacts-around-downtown-continue-making-for-slow-commutes-police-5085971?utm_source=SND&utm_medium=Facebook&utm_campaign=AutoPilot
^^^^^^^^^^^^^^^^^^^^
I get second hand embarassment reading your comments.
#122 Pandemic Is Over on 02.23.22 at 2:13 am
Garth, it seems that you prefer to ignore the huge elephant in the political room. I mean, Trudeau government sliding into totalitarianism – the lefties aggressively taking over the country.
Is it too insignificant to address?
^^^^^^^^^^^^^^^^^^^^^^^
More like too dumb to address.
#123 Bankrupting Landlords is good for the Economy on 02.23.22 at 2:47 am
#108 IHCTD9 on 02.22.22 at 11:03 pm
House?: No
Savings?: Yes ~80k
I appreciate your comment but it’s not only Trudeau that I hate and despise but the average Canadian too. I was born and raised here. This whole Convoy thing proved to me that Canadians are totalitarian-adjacent and very r-selected. You can’t change that because it’s in the amygdala. The only thing I can do now is move where I can be with like-minded people like Idaho, Utah, Texas…
____
Heh, “r-selected”. I like that, sounds about right. I’ve looked at the options for leaving to the USA – for me, it’s basically impossible. You might have some options based on your field of work and age. Can’t see it being easy or quick though.
https://www.uscis.gov/green-card/green-card-eligibility-categories
Some folks work and wait 20 years for a green card. They do have a GC card lottery though, you can try that route : ).
If you’re pretty young still, I do think you will see options for yourself open up right here in Canada as you get into your 40’s and 50’s. I like the idea of hideously cheap, low tax, Trudeau-proof living up north. Not for everyone, but I’d love it.
#84 yvr lurker
J. Peterson is not someone who I would gravitate to, but his dialogue with Rex Murphy was (for me) something that I resonated with.
———————————————————————————————————-
Jordan Peterson is one of the few reasonable thinkers and orators left in this rapidly degenerating country of gullible SJWs.
He is widely admired globally as the voice of truth and reason. I have travelled the world fairly extensively, and when I tell people that I am Canadian they say: “Canada! Jordan Peterson!” Then carry on about how they are fans of his. His influence and well thought out arguments are well recognized and appreciated by folks outside of Canada.
In a country like Canada where ignorance abounds, and the dimwitted populace is all to eager to simply accept the woke narrative being shoved down their throats by lame unqualified politicians aided by the bought and fearful state sponsored media, it’s refreshing to have a handful of independent voices of reason who are not afraid of calling out the outright lies and are willing to rip to shreds the fallacy of this artificial narrative we are being brainwashed and gaslit with.
Jordan Peterson stands up to the tyranny that would otherwise have already snuffed the life out of Canada’s citizenry had the woke social justice warrior snowflakes been allowed to shout down the voices of reason. Because that’s what the left does. Shouts you down when they don’t like the reasoned argument they are hearing. The truth is often inconvenient.
To hear a commenter’s argument that the “proof” that white supremacist culture dominates Canada is that he sat beside a redneck racist on an airplane one time, is indicative of the current SJW victim mentality logic that racism and misogyny are rampant in the country and combatting it must take priority over fiscal prudence, human rights, economic recovery, personal freedoms, sound financial management, and improvement of the infrastructure.
It’s not white supremacy that is a problem, it’s widespread stupidity of the masses that is easily manipulated by hypocritical, ignorant, cowardly, unqualified, fancy sock wearing, stuttering, lying, virtue signalling, identity politicking, pseudo feminist, trust fund baby leaders.
Thank goodness we are safe from the horrible Tamara who was fighting for our freedoms. We should all sleep better knowing that monster and her peacefulness are being bars… Phew
She is in detention for a reason. And, no, she’s not Nelson Mandela. – Garth
Hi #13 n1tro,
I think I saw on (not main stream news site) first day a couple more, but there were over top of picture of JT face. Which I interpreted (perhaps incorrectly, maybe) as being that he was acting more like the… As soon as it became clear it was being flipped by… and simple draping Canada flag, ball cap, and adding a flag on poll on Tarry Fox statue, it stopped.
#129 I don’t know
“How does the average person cope and maintain/build wealth is what people care about. Try adding value to the discussion in that regards.
Basically your post content is ubiquitous and common throughout many finance forums, Reddit, YouTube comments, and so on”
………………………………………………………………………………………….
Much of the info I provide is far from ubiquitous in that no one anywhere pieces as much of it together, save for bits and pieces throughout numerous sources.
And especially by no one from this site.
So that of what I detail here – most often – not always, but most often, is far from commonplace … I only post here and could care less about anywhere else for that matter. I don’t read reddit posts or glean much info from youtube sources either.
Information, or better still, your lot, is non information at best.
What I generally research and come out with provides a basis for people to decide if they want, what to do well in advance of the outcomes.
You won’t find detailed analysis put together quite like i do anywhere …and I can safely say, by the volumes of research i do and throughout the numerous sites I’ve visited. I have gleaned inspiration from only a few sources i consider accurate out of hundreds of others i do not and reject . None of it is common knowledge among the masses save for a few individuals here and there who are on top of their game.
You have provided readers nothing to base any future decisions on but talk a big talk amounting to nothing going nowhere anytime you post.
I’m not saying you should just STFU … no.
But keep trying and maybe you will learn something and get something right eventually.
Hi TurnerNation,
You and maybe some others might find this
op-ed/option pieces today interesting to ‘critically thing about’ LOL.
After Covid, we must embrace critical thinking again
https://www.rt.com/news/550245-pandemic-blind-submission-authority/
Yes, Jordan Peterson is a voice of reason who always tries to explain his position fully. He does the country proud.
His testimony to Senate on bill C16 was a breath of fresh air in an atmosphere ever more fearful of saying the wrong thing and incurring the froth of the radical nutters.
Peterson opposes division by race, creed, gender, nationality, what-have-you, in a media climate that loves to push the ‘difference’ narrative. There’s no long-term future in segregating people, but sometimes there is short-term political gain.
And the guy is now rich because people gravitate to his message. $7M/year, I think? Winning.
It seems a lot of people are complaining about living in Canada. Easy solution——— move.
She is in detention for a reason.
Says the Liberal judge, ex liberal candidate, appointed by Justin’s buddy Wynne!
Incredible. We get more Trumpian and conspiratorial by the day. – Garth
#147 Darmah’s Rump
He is widely admired globally as the voice of truth and reason. I have travelled the world fairly extensively, and when I tell people that I am Canadian they say: “Canada! Jordan Peterson!” Then carry on about how they are fans of his. His influence and well thought out arguments are well recognized and appreciated by folks outside of Canada..
————————-
Whenever I mention Jordan Peterson on my extensive travels, people say:
Peterson, yes great hockey player, play for Canucks.
Son of Peter, I know him well.
Tedious. – Garth
___________________________
Live now: https://senparlvu.parl.gc.ca/Harmony/en/PowerBrowser/PowerBrowserV2/20220223/-1/10554
Tedious indeed. The independents are worth listening at least. I think all Senators should now all be independent.
Incredible. We get more Trumpian and conspiratorial by the day. – Garth
I guess people can make their own minds about the independence of the Canadian justice system…
You did. – Garth
there is no way we get close to 14% interest rates. the government debt is too high to be able to handle those rates. my bet is max 5%, but even that is pushing it.
Day Trading?
#138 millmech on 02.23.22 at 9:31 am
Day trading is mostly a rigged game,
***************************
I have no idea if it is rigged nor do I care.
What is indisputable is that Day Trading is a zero sum gain. Negative after fees. Some can win if they have skill or whatever but they can make money only from other traders if we are talking day trading.
This is unlike stock investing where money flows from customers of businesses to owners of businesses. Holding stocks is a positive sum gain. Trading stocks is a zero sum game But again skilled people can make money from the unskilled, too emotional etc.
If you don’t understand the above you might want to stop trading until you do. Holding is okay. If you hold a broad index like S&P 500 you automatically win in the long term as money flows from customers of those businesses to you. Easy!
A while back, if you bought €500,000 or more in Spanish real estate you got a Spain residency permit. Governments get into trouble, they do stuff like that.
Gonna be interesting to see in the coming months whether Canada provinces rescind the foreigner buying taxes. Also used to be a “residency by investment” program. Will it return?
#152 Sail Away on 02.23.22 at 11:09 am
Preach brother! Say it!
Money. The true marker of moral authority that you always seem to land on. Kinda like these guys:
https://www.usatoday.com/story/news/nation/2019/06/17/joel-osteen-kenneth-copeland-10-televangelists-trouble/1471926001/
Luckily, I’m not an idiot nor am I soulless so can see right through these clowns. You, Sail Away, may want to brush up on your 7 deadly sins given how important the bible seems to be to you. Hint, greed is up there.
I’ll repeat this quote from Jordan Peterson for a third time because it does no nation proud:
Why? Because it pretends that a serious problem in Canada doesn’t exist in direct opposition to the evidence that Jess posted showing an MPP hanging out with a Canadian group that prides itself in its racism. Ignoring this helps no one.
Furthermore, This is particularly hilarious from Sail Away:
I find this funny (and ignorant) because Peterson so adamantly speaks about specific roles for exactly two genders which is the precise definition of division. If he opposed division, he would be more comfortable with a broad spectrum of identity — the bimodal distribution of gender that actually exists among humans and almost all mammals.
Garth, this menagerie that you run has some choice specimens.
#149 G on 02.23.22 at 10:46 am
Hi #13 n1tro,
I think I saw on (not main stream news site) first day a couple more, but there were over top of picture of JT face. Which I interpreted (perhaps incorrectly, maybe) as being that he was acting more like the… As soon as it became clear it was being flipped by… and simple draping Canada flag, ball cap, and adding a flag on poll on Tarry Fox statue, it stopped.
———
IMO any side that has to use comparisons to Nazis has lost the the argument. The word has lost all meaning.
#147 Dharma Bum on 02.23.22 at 10:16 am
I love it when this happens. I have to, I do it all the time, but man is it funny.
#153 unbalanced on 02.23.22 at 11:27 am
It seems a lot of people are complaining about living in Canada. Easy solution——— move.
——
Can’t. Not allowed on a plane because I’m proudly unvaxxed.
Let the pearl clutching commence….
#112 IHCTD9 on 02.22.22 at 11:25 pm
Holy Moses… Dude, get your head checked. I’m not even joking here.
—
So, let me get this straight bro.
I need to get my head checked because I pointed out a clearly incorrect statement from this comments section’s communion of saints on the heels of evidence directly refuting that statement? If you can’t grasp that nor see why the avalanche of blind JP support and vitriol aimed at me for daring to say anything bad about the guy is a touch annoying, you can not be helped.
Neo-Nazism, white supremacy, white nationalism, abject racism all exist in Canada in spades. Is it everywhere? No. Is it dominant? I don’t think so, but others would disagree. Is it as bad as in the US? No. But evidence for it is abundant and its beginnings are as old as the country. If you don’t want to go back quite that far, you have the residential schools as a horrifying example.
Blows my mind that so many people here are outright refusing to acknowledge that it even exists let alone that it may be a growing problem as evidenced by the role of white supremacists in the convoy protests.
Regarding comments about housing ‘going to zero’ should mortgage rates jump to 10%, some historical perspective. Back in the early 80’s, mortgage rates had reached 20+ percent. Some folks were taking on up to 22% mortgages. Then a major recession hit. In Alberta, the implementation of the NEP exacerbated the recession. It was a financial bloodbath for thousands of homeowners. The term ‘jingle mail’ was frequently mentioned in news articles as many ended up mailing their keys to the financial institution holding their mortgage. It took literal years for the banks to sell off the excess repossessed housing. However, despite all this no property went to ‘zero value’. So no, an increase to as much as 10% won’t result in property values dropping to ‘zero’. What will occur is a reprise of the financial bloodbath of the 1980’s where the joyride of living on credit ends with a head-on collision with multiple casualties.
Willworkforpickes
Yes we are there. They are trapped the sytem is banckrupt. The debt cant be re-paid. There will be judgment day at some point.
The fact is they are more afraid or deflation kicking in then 40year high inflation we have.
The fed sure as hell wont tell you the real truth.
Wile E. Coyote is off the cliff legs still rambling yet to fall.
Nothing you can do.
@ Sail Away # 152 – Well said.
Pickles
What I generally research and come out with provides a basis for people to decide if they want, what to do well in advance of the outcomes.
===========================
Actually correct. We prepaird for a blow out a long time ago.
All my equipments paid for cash. Its not going to Richie Bros ever.
My buildings paid for lots of cash flow.
Diversified investments gold hidden away.
Credit card never carry a balance.
Inflation has caused my assets to balloon.
Farmer buddies got lots of home grown chicken eggs beef.
Planning started a ling time ago.
I work for fun now not money.
Just watching the show now.
We are in uncharted territory.
#146 IHCTD9 on 02.23.22 at 10:16 am
_____________________________________
You can get the up north vibe with similar weather and price, but better and be close to the border for shopping, in NB.
I wouldn’t handle the insect or frost bite in either place.
#143 Michael in-north-york on 02.23.22 at 10:10 am
#22 Faron on 02.22.22 at 5:21 pm
Wow. Meanwhile, Jordan Peterson continues to cement his blathering idiot status by claiming on twitter that white supremacy doesn’t exist in Canada.
Running cover for racist a-holes is almost as bad as being one.
===
Peterson is totally correct; white supremacy doesn’t exist in Canada at the systemic level. There are individuals who hold white supremacist views, but they have very little influence.
Meanwhile, toxic anti-white racism florishes in the modern Canadian MSM. And certain blathering leftist idiots are happily running cover for the alt-left racist a-holes.
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Bang on. Folks that run around wild-eyed thinking there’s a white supremacist behind every bush and tree belong in a straight jacket. The reason lefty extremophiles are so loose in their characterization of white supremacy, is because there are hardly any real ones around. So here we are, a swastika or two in a crowd of 10 thousand = everyone within a 50 mile radius is a racist nazi white supremacist.
The wokesters (white elites) are definitely having trouble adjusting to the fact that the West is increasingly less white, and everyone seems to be getting along just fine. The left extremists are clearly feeling the pressure – there just isn’t enough hatred in society to keep the doors open. What happens at the next protest when there is no violence and this time – zero swastikas?
Talk about a nightmare!
#165 Faron on 02.23.22 at 12:59 pm
#112 IHCTD9 on 02.22.22 at 11:25 pm
Holy Moses… Dude, get your head checked. I’m not even joking here.
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So, let me get this straight bro.
I need to get my head checked
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Yes.
Garth. Is there a Short Canada Housing ETF similar to SARK which shorts ARKK.
Please advise.
#165 Faron on 02.23.22 at 12:59 pm
Neo-Nazism, white supremacy, white nationalism, abject racism all exist in Canada in spades. Is it everywhere? No.
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Wait, in comment #55, you wrote: ‘[Racism is] literally everywhere.’
Please explain in as many words as possible, thanks.
We have been fighting inflation for years not buying stuff we don’t need and topping up all our RRSPs, TFSAs, RESPs and reinvesting all RRSP tax savings. the 5 to 10 year GIC rates of 4.25% to 6.25% in earlier years to now in recent years 2.75% or 3.25% or 3.75% we get and got over the years is not a major issue as we are super savers putting away 45% of our gross income or averaging $42,000 a year since 2000. Just have no debt, never go back into debt, and with $1.49 million and a house worth free and clear $750,000, we are in good shape with our financial lives.
#162 n1tro on 02.23.22 at 12:49 pm
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IMO any side that has to use comparisons to Nazis has lost the the argument. The word has lost all meaning.
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Yepper. Same as Racist, Misogynist, Rapist etc… All these words get sprayed around millions of times every day, aimed at all walks of life for every conceivable random reason you could dream up. They more resemble ammunition than words.
Welcome back BTW.
@#153 unbalanced on 02.23.22 at 11:27 am
It seems a lot of people are complaining about living in Canada. Easy solution——— move.
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those snowflakes will find something to bitch about wherever they go.
#166 Linda on 02.23.22 at 1:11 pm
It took literal years for the banks to sell off the excess repossessed housing. However, despite all this no property went to ‘zero value’.
A quick search on newspapers[.com] will confirm that houses did basically go to zero.
Many listings advertised :
“just take over existing mortgage.
Technically not zero for the house, but certainly ZERO for the homedebtor.
#164. n1tro. Eventually you’ll be able to travel. Move. Let us know how it works out for you. Thanks in advance
#165 Faron on 02.23.22 at 12:59 pm
Blows my mind that so many people here are outright…
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Here’s the problem. You are off the charts over the top burn down the house offended that folks think in wildly different ways than you.
Make that appointment.
@#147 Dharma Bum on 02.23.22 at 10:16 am
#84 yvr lurker
J. Peterson is not someone who I would gravitate to, but his dialogue with Rex Murphy was (for me) something that I resonated with.
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Jordan Peterson is one of the few reasonable thinkers and orators left in this rapidly degenerating country of gullible SJWs.
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JP, the dumb guys smart person.
like rogan and alex jones, JP certainly knows how to make money off the rubes though.
Faron: “A white supremacist just flew over my house!”
#164 n1tro on 02.23.22 at 12:51 pm
pearl clutching
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Nah, we are just laughing at you at this point.
#161 Faron on 02.23.22 at 12:49 pm
Furthermore, This is particularly hilarious from Sail Away:
Peterson opposes division … gender
I find this funny (and ignorant) because Peterson so adamantly speaks about specific roles for exactly two genders which is the precise definition of division. If he opposed division, he would be more comfortable with a broad spectrum of identity — the bimodal distribution of gender that actually exists among humans and almost all mammals.
Garth, this menagerie that you run has some choice specimens.
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First, you’re conflating sex and gender. That there are two sexes is indisputable.
No one gives a hoot how many genders people make up. They’re all based on clothing, makeup, hairstyles, and fetishes which can change by the hour, which is why sensible people are horrified at the idea of enshrining gender in law.
Kindly graph this ‘bimodal gender spectrum’ for us, clearly labeling the X and Y axes. Without resorting to the conflation of hateful sex stereotypes with medical conditions arising from variations of sexual development (intersex conditions).
If you meet the first request, you will have gamely attempted to prove that some people are more (or less) male or female than others of their sex class, based on secondary sexual characteristics.
You would be arguing that a fat dude with big moobs is more womanly than a small-breasted woman, and that a tall woman is more manly than a short man.
Sex is binary and immutable from the moment of conception. Gender is the reification of stereotypes which we should all be casting off. Men in dresses aren’t women, any more than short men are women.
MRAs: women should do the dishes
Feminists: everyone should do the dishes
Gender Woo: whoever does the dishes is the woman
#180 IHCTD9 on 02.23.22 at 1:57 pm
You are off the charts over the top burn down the house offended
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LOL. I’m not offended by anything but the steaming heap of trolls climbing all over my words.
I know putting words in my mouth serves whatever purpose you have (ostriching, maybe bunkering, seems to sum it up). But, it’s, uh, clownish.
This is how this went.
Jess posts photo of an MPP hanging out with a white supremacist group that has all kinds of ties to the convoy. This is a fact.
I note JP’s tweet that denies such things exist full stop. That’s how this starts. Pointing out am extreme mischaracterization if not a convenient lie by your hero JP.
Y’all (meaning the ten or so idiots who feel like they have to rescue JP’s reputation from me) come along and defend JP against everything under the sun including, oddly, misogyny.
And now the trolls are out in full force. Disgusting.
#131 Lefty – Not only should you hold 60 on each exchange (although I think that is a little high), none of your individual stock holdings should be more than 2.0% of your total individual stock holdings. In such a scenario, Shopify falling hard would do minimal damage. But you should still be very diversified with individual stocks. Having too high a proportion in tech or the banks is bad too. It’s just easier to do ETFs.
Incredible. We get more Trumpian and conspiratorial by the day. – Garth
I am the least racist person there is anywhere in the world. – Donald Trump
Faron, did you ever see the 1978 American science-fiction horror film Invasion of the Body Snatchers? I am joking, of course, but I am at a loss to explain the transformation of the Republican Party from what was once a reasonably sane conservative body to what is now a group of Trumpian, alt-right, pro-Putin, QAnon-following, knuckle-dragging, whackadoodle nutjob conspiracy theorists. Oh—just a minute—there’s a knock at my door.
#174 Sail Away on 02.23.22 at 1:46 pm
Thanks Clippy. The meaning of my words is clear enough.
Unrelated, but I’m going to bottom tick something to try to save you some money. Man, I’m enjoying watching TSLA tank lately.
#184 Old Boot on 02.23.22 at 2:31 pm
That there are two sexes is indisputable.
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Intersex people would strongly dispute your claim. Anatomically female people with a y chromosome (genetically men, but anatomically female) would also argue if they cared. Chances are they don’t until a person like anyone among the ten or so who are hotly pro JP comes and effs with them and tells them to pick.
#185 Faron on 02.23.22 at 2:45 pm
Y’all (meaning the ten or so idiots who feel like they have to rescue JP’s reputation from me) come along and defend JP against everything under the sun including, oddly, misogyny.
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‘When the debate is lost, slander becomes the tool of the loser’
My angry fist-waving Tasmanian Faron is now sporting a capital ‘L’.
Putin is to Ukraine as Hitler is to Poland. Seems to fit.
Stock markets will go down for a while more before they go up. Corrections are good. They blow off speculative excess, establish better valuations”
Hope the same happens to house prices….soon
#167&169 All lies and manipulated
I don’t see too much harm in letting the many in on what only a few have ever heard before with tidbits of information here occasionally.
The one poster here who presupposes/d he knows it all already and assumes all others do too, so why do i post what i do anyway , couldn’t then answer a list of simple questions posed to him on the same subject if his life depended on it.
Funny guy.
#188 Faron on 02.23.22 at 2:49 pm
Unrelated, but I’m going to bottom tick something to try to save you some money. Man, I’m enjoying watching TSLA tank lately.
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That must be your famous empathy on display, cheering my financial pain.
And this after I expressed sincere concern for your broken ribs.
Some people care, some don’t. Sigh.
#178 ‘Quinn’ – the whole point about living on credit is that you effectively ‘own’ nothing; your debts exceed your income. So yes, the home occupiers saw zero return. The banks however made out like bandits, despite plenty of moaning about how hard circumstances were. While folks were mailing in the keys the banks were posting their usual record breaking profits. The banks realized value from all those repossessed houses, even if all the new purchasers paid for them was to take over the existing mortgage outstanding. While interest rates did drop dramatically, they were still well above 10% for several years so the banks ‘made money’.
Hi #156 Chris L.,
Thanks for the link to Senate debate on emergency powers live.
I have been watching it since I saw your posting. Seems to be over now.
I wonder what the vote would have been if it had not just been revoked by PMT.
Personally I hope given the arguments I was hearing that it would have been voted down, if it ended up going to a vote.
But given some of the senators I heard speak were still going to let it pass is still concerning to me IMO.
#138 Mill
Bud….day trading is trading….not waiting for Mill to make to decide. If you’ve been left hanging that’s your fault. Bottom line, day trading is a highly intensive skill set, not a new thing for Mills to do with their CERB. Think of the guy with a masters commerce on the 50th flr and…. the unemployed uneducated “ day trader”.