Free burgers

Reasons why this is a good week to go to the cottage and hope Rogers goes dark again. If you lack a cottage, just put your phone in a baggie, submerge it in the toilet tank, grab your flip-flops and go to the park. Stay there until the weekend, when it may be safe to return.

Things you don’t want to know about include…

Inflation inflating. Wednesday, first thing, the latest US stats will be published. The betting is that the headline CPI number will rise to 8.8%, the highest in a half-century. This is despite the price of oil actually falling by twenty bucks over the past few weeks. The labour market is taut, demand exceeds supply for everything and all this means the Fed will be hiking its key rate by a half or three-quarters of a point on July 27th. Recall that over 90% of the time, our guys follow. They have to, or the loonie gets clobbered (which fuels inflation here).

The bank rate. Tomorrow. Our Bank of Canada will add 75 bips, Mr. Market says, taking its key rate to 2.25%, on its way to around 3.25% later in the year. After the last jobs number (full employment report on Friday) this increase is locked in. The bank prime will swell to just under 4.5%, with variable-rate mortgages moving in lockstep.

By the way, just how crazy-hard is it to find a kid to work in your burger joint this summer?

Allen sends this note and pic: “Interesting to see what kind of salary/ benefits you have to pay while selling $5.00 burgers. Recent drive thru Hope BC – stopped in at the local AW for a Teen burger and saw there hiring board out front. Very tempted…free meals!”

That’s why rates are going up. To stop this barking madness of giving young people higher wages, more benefits, flextime and gratis teen burgers.

The dollar. Noticed what’s happened to currency markets lately? For the first time in history the US$ is on par with the Euro. Astonishing. Our loonie, too, also at an all-time high against the European currency, the pound and the yen. This has helped push down the price of commodities (oil, gold) which are measured in greenbacks.

The ascending American currency is further proof of the resilient strength of that economy and the fact it’s the safest haven on the planet now – or, at least that’s what lots of investors believe. And as interest rates in North American keep rising, so will the currencies of both countries. This actually helps keep inflation in check. The bad news is there’s a ton of debt in the world denominated in American dollars, which is now a lot harder to pay back.

Earnings season. Starts Thursday. So if the economy really is headed for recession, the bottom line of corporations should start to reflect this. Especially those harbinger banks. Major US financial companies will kick off the Q2 season in a couple of days, and the market’s waiting to see the impact of higher rates and slowing growth. What will the forward guidance be?

January 6. More evidence coming this week about the insurrection/attempted coup in Washington eighteen months ago, and the role Trump actually played in planning, fomenting, guiding, orchestrating and accelerating the event. Or was he just an interested spectator, watching CNN in the Oval Office? Did the President try to subvert democracy by saying a legit election was stolen and blocking the transfer of power, or, um, not?

It matters because Biden’s approval rating is abysmal, because Trump may declare himself a 2024 candidate to head off criminal charges, because the midterm bloodbath is coming in November and a growing mess of voters think a Biden-Trump rematch (Joe will be 80 in November and Donald is 76) is beyond ridiculous for the most important job in the world.

So there. Ask yourself: do I really need to hear about all this stuff, blow-by-blow? Will it make any real difference to my life, my finances plus the quality time spent with my dog (or spouse, if you lack a canine)?

Nah. Go.

About the picture: “This is Apollo, a 10 month old miniature Schnauzer,” writes Dimos.  “This was my first day of dog sitting for my sister and I forgot the leash at home.  I had to MacGyver a leash by using carabiner and rope.  As I am making the makeshift leash, Apollo was being a cool cat. “

124 comments ↓

#1 Philco on 07.12.22 at 12:39 pm

#86 Doug t on 07.11.22 at 9:53 pm
Life is short – peeps are waking up and realizing that the soul crushing “work place” is just that SOUL CRUSHING – if you can figure out a way to live and not be part of the system that crushes your spirit ….. well DUH – the clock starts clicking the moment your born and then comes the social brain washing and you either drink the koolaid hard or eventually realize what’s to lose and try something different.
—————————————————

100%. Bureaucrats are crushing everything especially Europe. Their killing off farmers in the name of the environment. Their talking over our lives…the Great Reset is real as can be. I smell a revolution.
This ain’t on the news here.
https://www.youtube.com/watch?v=_lleLDOO-Jk

#2 dave on 07.12.22 at 12:43 pm

Nord Stream 1 has been turned off for maintenance. If Russia does not turn it back on, inflation will go thru the roof. China’s vaccines were garbage and hence major locks downs – no end in sight and this will also add to inflation.

Is interest rates headed higher then originally expected?

#3 Fact Checker Fred on 07.12.22 at 12:57 pm

There are no $5 burgers at A&W. Mama burger starts at 6.50, most are over 8. Hence, as I discovered this week, lunch, including taxes, was just over $15. It was good tho….

#4 Cottagers STAY THE HELL AWAY! on 07.12.22 at 12:58 pm

“Reasons why this is a good week to go to the cottage….”

There are NONE.

COVID is NOT OVER. Surges are threatening the lives of the actual year round residents of rural areas, through ER shutdowns, burnout and staffing shortages.

https://www.thestar.com/news/gta/2022/07/11/ontario-municipal-leaders-call-for-action-amid-several-temporary-er-closures.html?itm_source=parsely-api

“In 10 years, we could look back and say, ‘Wow, this destroyed rural Ontario’s health system,’”

If you get sick in cottage country, plan to drive back hours to Oakville, or die waiting to find an ER that’s open.

It’s too soon. We don’t need you here. 2023 or 2024 may be better, possibly. Save lives and wait, all you inbred southern hillbillies.

Just.

Stay.

Home.

#5 Joe Schmoe on 07.12.22 at 1:14 pm

I remember when a $20 burger meant you were in the fanciest place in town, some guy in a tux asking you how you would like it cooked. I also remember looking at the menu and thinking that $20 burger was absurd….now it’s common.

I am on the fence on the “living wage” concept. It will come at a massive hit to inflation. But I guess it will keep people fed.

When did everyone stop trying? My wife is a smarty pants and does really well financially…with 18 years of University and a student line of Credit that was greater than my first 2 mortgages….her success came with all sorts of sacrifices, but now she is reaping the reward.

I got my boots dirty and figured out how to find a niche that people were willing to pay for. Got a degree and some business pedigree, things are currently going really well….but success also came with a lot of sacrifice.

…as I watch my coach potato VR game playing kids and realize I am walking them into the same trap.

#6 TurnerNation on 07.12.22 at 1:20 pm

Where is Yellow Tractor Guy. Hope the Kijij Kops did not get him.

— Heath care in Kanada. We were to be so healthy! Experts are baffled!!
From the Killing Us Softly Dept (did ya think I am joking around with this moniker):

https://www.cbc.ca/news/canada/new-brunswick/excess-deaths-minister-shephard-1.6484641
“Melanson was asking about an updated Statistics Canada report Thursday showing an estimated 4,599 people died in the province during the final 25 weeks of 2021, 886 more than long-term averages for that time of year after adjusting for population growth and aging.
It is a death rate 23.9 per cent above normal, the highest rate of “excess mortality” among provinces over that period, ahead of other high rates posted by British Columbia, Saskatchewan and Alberta.
“The level of excess mortality in New Brunswick during that period is enormous. And if it’s not COVID killing people, what the hell is it?”

​–
— Food supply: Our ruler’s depravity knows no bounds. They really do want us eating bugs, like animals.
While they dine in unspeakable luxury, after a restful private jet back from the “Climate” [sic] Conference.
They must still be roaring with laughter at us.

““Adventurous, daring, and spicy twists on traditional Stampede favourites, get ready to make some mouthwatering memories,” the Calgary Stampede New Midway Food page reads”
However, two vendors have boldly decided to sprinkle mealworms and crickets on hot dogs.
“All-Beef Meal Worm Hot Dog, made using mealworm protein, whole roasted mealworms, and beef, topped off with your favourite condiments (Meal Worms are high in protein and safe to eat),” a description reads for the “food” being sold by Superbooth. (thecountersignal.com)

#7 Ustabe on 07.12.22 at 1:25 pm

To stop this barking madness of giving young people higher wages, more benefits, flextime and gratis teen burgers…Garth

When I worked my cafes and diners I enjoyed a “high wage” so why shouldn’t my employees (who worked as hard as I did in most cases.)

Benefits? You bet. At the time BC had a monthly cost so our benefits package was full medical, extended medical. vision and dental. Most were at 50/50 but some I paid 100%. Eligible after 6 months of employment and at least 20 hours per. On average.

Flex Time? Why not, its a simple scheduling matter.

Food? We provided a staff meal each and every day. It would be a late lunch or early dinner but a well made and nutritious meal was there. Otherwise you could order anything from the menu at 50% of price. And if your boyfriend, room mate, last night’s lover dropped you off they were welcome to the staff meal as well.

You know what we didn’t have? And this over a 30+ year hospitality career. Staff churn. Turnover is far more costly that a bump in pay or a free burger now and then.

Working hospitality is one of those things almost everyone thinks they could easily do so why pay more than minimum wage but few can do it well. Those that can regardless of age deserve to be paid properly or you sure don’t have much of a business plan.

#8 Sail Away on 07.12.22 at 1:27 pm

“The ascending American currency is further proof of the resilient strength of that economy and the fact it’s the safest haven on the planet now”

——-

Huh. Seems like the US is doing ok. Maybe it’s driven by the shift toward conservatism?

How about that, Chicken Little?

#9 Aweful & Worthless on 07.12.22 at 1:30 pm

$17.25 an hour, what is that? $12 after deductions?

$24,000 take home at full time 40 hours.

Should hopefully just cover rent and commuting to work.

Then what?

EXIST TO MAKE BURGERS? This is the meaning of life? This is what defines fulfillment?

And you wonder why no one wants the jobs.

And let’s be honest about the free food…this isn’t food.
Not in a you want your kids to eat it way.
Not in a you will be healthy eating it way.

If you think of food as medicine/drug, let us call a spade a spade – this food is a terrible drug with no benefit outside of stomping the feeling of hunger from your stomach.

You should see the list of side effects though.

#10 Unplug your Children on 07.12.22 at 1:42 pm

While you’re at it, take the internet away from the children unit Sept 1st.

Summer is short.

GO OUTSIDE!

#11 Justin and Haylee Bieber in full recovery on 07.12.22 at 1:48 pm

Cottagers STAY THE HELL AWAY!

[email protected], welcome back. We missed you, we needed another COVID m0ron on this sorry blog

#12 Dave on 07.12.22 at 1:54 pm

“To stop this barking madness of giving young people higher wages, more benefits, flextime and gratis teen burgers.”

Why should this be stopped?

#13 red falcon on 07.12.22 at 2:04 pm

Just keep saving moolah, in case you need to buy more value priced dividend growth stocks. That’s all, very simple, but the sheeps don’t know this, and blogs don’t flog it, but it exists, and it does it’s job very very well.

But the sheeple will always buy at the top and sell at the bottom, that is their fate.

#14 Alberta Ed on 07.12.22 at 2:07 pm

The Jan. 6 committee is a kangaroo court that allows no defense representatives, no debate, rebuttal or challenge. Its seven commissioners were all appointed by Trump-hater Nancy Pelosi. Its findings would be thrown out by any legitimate court of law.

#15 Can’t trust this, by M.C. Fibber on 07.12.22 at 2:07 pm

Yeah boys and girls…ignore the inflation numbers.

Inflation and unemployment numbers we get are as scrubbed and massages as the Realtor HPI Frankenumber. They are there to support policy massaging.

Can’t trust inflation number.
Can’t trust realtor HPI.
Can’t trust unemployment numbers.

Everything is massaged. Too far to call it rigged? We can’t possibly understand raw data…they need to pre-scrub it for us.

The question is…what number(s) can be trusted? And since none truly can, we may as well ignore them all as Garth suggests.

#16 Cheese on 07.12.22 at 2:11 pm

I make only 20/hr. No benefits no nothing. Portfolio down by about 100k from peak, and it will only get worse. Hope is the only thing keeping some of us deplorables going, and that is fast running out.

Learn to skip meals, rolling 48-hour fasts, it helps a lot.

#17 Graeme on 07.12.22 at 2:21 pm

“The ascending American currency is further proof of the resilient strength of that economy”

Circumstantial. It could simply be because the USD is globally ubiquitous and the Fed is on a hawkish path relative to other CBs.

#18 Victor V on 07.12.22 at 2:24 pm

https://financialpost.com/news/economy/bank-of-canada-readies-rare-75-basis-point-hike-decision-guide

“You’re only hiking by 75 basis points if you are behind the curve,” Andrew Kelvin, chief Canada strategist at Toronto-Dominion Bank, said by phone. Macklem and his officials need “to be talking tough and doing everything they can to demonstrate their commitment to bringing inflation lower.”

#19 Dragonfly58 on 07.12.22 at 2:26 pm

Another way to look at it. In the early 1980’s a friend and I decided we had had enough of working as mechanics. Went back to school, 3 year pretty intense Tech program. To keep his student loans down my friend went back to working summer break with the landscaping co. he had worked for just out of HS. When we finished school and got entry level transportation tech jobs we both made well over double what a full time landscaper was earning. Roughly 1987.
Good careers went by , although we knew the pay was not keeping up from about the year 2000 onward. But little we could do, getting older and already at the largest outfit in the business.
By coincidence my early 20’s son works in the landscape industry. He was shocked to learn he made { after tax } more than 1/2 { barely } of my 30 years in a demanding field, much school , and many upgrades in my qualifications, licenses, job rank and duties, after tax income.
Why would anyone enter one of many very demanding
careers. Nurse, hands on tech like I was, higer skilled trades like Millwright , pressure welder like my just retired BIL etc if you are only going to take home twice what a kid doing landscaping is taking home ? Taxes are killing us in the middle class.

#20 Dave on 07.12.22 at 2:27 pm

Restaurants have to keep paying higher wages because the government has created a housing bubble with these absurdly low rates and half a million immigrants coming here each year. This also makes leases more expensive so these costs will have to be passed on to restaurant food prices, which means many people will stop eating out, or eat out far less. I certainly wouldn’t want to invest in a restaurant!

#21 SunShowers on 07.12.22 at 2:31 pm

“We need to impoverish people by making them unemployed and ushering in a significant recession so we can stop inflation from impoverishing other people.”

So, nobody wants to talk about how capitalism requires an unemployed and wholly destitute reserve army of labor, so that the bargaining power of our perpetual underclass of indentured serfs is artificially reduced, just so we can protect a third group of people from experiencing the financial hardships deliberately inflicted on the first two?

#22 Dr V on 07.12.22 at 2:32 pm

9 A&W

“Should hopefully just cover rent and commuting to work.

Then what?

EXIST TO MAKE BURGERS? This is the meaning of life?
This is what defines fulfillment?”
—————————————————–

Same as 40+ years ago. Why should it be different now?
It’s a crap job like it’s always been.

#23 Prince Polo on 07.12.22 at 2:33 pm

What are the odds of an inflation print with 9.x% handle and CBs doing 100+ bips at one mtg in 2022?
Cue all the smarty-pants armchair economists (like me!)

#24 Victor V on 07.12.22 at 2:44 pm

An even bigger rate hike is expected Wednesday — and housing will take another hit, experts say

https://www.thestar.com/business/2022/07/12/the-bank-of-canada-is-expected-to-hike-interest-rates-this-week-what-will-that-mean-for-home-prices-and-mortgages.html

#25 Søren Angst on 07.12.22 at 2:47 pm

DEATH (PLC.TO). VAX (NVAX).

Bought in April 2020.

You know, when the all of you were shrugging off Covid as the flu and laughing at Italia’s Brescia being overwhelmed for about 10 days (but not the rest of Italia).

See, I knew Covid would come pay a visit to the UK, Canada and the USA (I have a healthy respect for Mother Nature). Decided to make some cash off of DEATH and VAX.

Sold PLC Nov. 2021 and it threw off divs of 1.4% along the way. Sold NVAX Sep. 2021.

So why am I saying this to you? To brag? Maybe. REALLY a warning (none of you listened to me last time) and a tip of what is to come even in N. America (former Norse Gods of Valhalla when it comes to Covid).

Read this HEADLINE (TIP: it will be an mRna vaccine, announced this morning here in Italia):

“Covid, the circular: fourth dose for over 60 and fragile 120 days from booster or infection”

https://www.rainews.it/articoli/2022/07/covid-la-circolare-quarta-dose-a-over-60-e-fragili-a-120-da-booster-o-infezione-32a21dc0-df1f-48a6-a789-02bb02ad13b2.html
[started already in the Region of Lazio, Rome is in Lazio]

I have sworn off of single stock picks but the above a heads up for those of you that haven’t.

———————

PS:

Covid saturation in Italia:
Ordinary Hospital Wards = 15.1%
ICU = 3.8%
143K new cases & 157 deaths yesterday (France 251K, UK 351.5K new cases)

And…

Per the June Labour Force Survey, Canada you just cut back 20,200 Health care and social assistance workers from May.

https://www.ctvnews.ca/health/emergency-room-delays-to-continue-for-quite-some-time-doctor-warns-1.5976246

Recall, you aren’t testing anymore Canada (27K tests June 6), unlike Italia (550K tests done today) and France (201K mid June), so you know this is Cdn Sci-Fi at its best:

https://www.canadiancriticalcare.org/COVID-19-Case-Counts

#26 Søren Angst on 07.12.22 at 3:02 pm

Right you are about Trump Garth.

Elon is correct:

Elon Musk says Trump should ‘hang up his hat and sail into the sunset’
https://www.washingtonpost.com/politics/2022/07/12/elon-musk-trump-twitter-president-2024/
[Jeff Bezos Daily]

I would only add that Trump leave town on the horse he rode in on.

Biden being blamed for the economy and things he has little to no control over such as High Inflation or Fed Rate hikes. Though I must say Biden has hit 5 of 6 of these big project phases right on the button:

Unbounded Enthusiasm,
Total disillusionment,
Panic, hysteria and over time,
Frantic search for the guilty,
Punishment of the innocent, and
Reward for the uninvolved.

All I wonder is whom are the uninvolved that will be rewarded?

———————-

Ya, I know Garth.

I’m just a bundle of joy today while you’re in a vacation mood.

Yin. Yang.

– Yours truly,

Yin ☯

#27 IHCTD9 on 07.12.22 at 3:13 pm

#6 TurnerNation on 07.12.22 at 1:20 pm
Where is Yellow Tractor Guy. Hope the Kijij Kops did not get him.
___

Kijiji got me years ago TN, but I am recovering slowly.

#28 JacqueShellacque on 07.12.22 at 3:29 pm

#19 Dragonfly

I can answer this question, although I admit it’ll be a bit nerdy:

“[M]y early 20’s son works in the landscape industry. He was shocked to learn he made { after tax } more than 1/2 { barely } of my 30 years in a demanding field, much school , and many upgrades in my qualifications, licenses, job rank and duties, after tax income.
Why would anyone enter one of many very demanding
careers. Nurse, hands on tech like I was, higer skilled trades like Millwright , pressure welder like my just retired BIL etc if you are only going to take home twice what a kid doing landscaping is taking home ?”

It’s called the Ricardo Effect: a theory that a rise in wage rates leads to a replacement of labor by capital, since the marginal product of capital will be higher than that of labor, at high wage rates. Businesses forced to pay higher wages, maybe wages that are higher than labor’s marginal product, will look to substitute capital for that expensive labor. This suggests companies and industries that are currently hurting for labor and needing to pay a lot for it, like landscaping, food service, grocery stores, etc, will try to find a way to move away from it.

Note that the reverse is also true: it could be at least part of the reason real wages are increasing for the moment (if they are, that’s hard to tell in inflationary times) is that there is too much investment in capital (forced by low rates), decreasing its marginal product and making labor the more marginally profitable investment for business. The bad news here is the consumption of capital, the means of production: what we think of as ‘wealth’ is nothing more than being able to consume goods that have long, capital-intensive production processes.

So it would still pay to do what you did: move away from work whose marginal product of labor is low, to get skilled enough to do work whose marginal product of labor is high, and encourage your son to do the same, even if he thinks these in-demand times will last forever (they won’t).

#29 Søren Angst on 07.12.22 at 3:33 pm

TRAVEL Europa…

As much as many of you would love to come/going to Europe this Summer or are here, it’s getting uglier by the day let alone a COVID resurgence in cases.

Airport chaos in Europe: Airlines cancel 15,000 flights in August [6 hrs ago]
https://www.thelocal.com/20220712/airport-chaos-in-europe-airlines-cancel-15000-flights-due-to-staff-shortages/

Greece on List of Top 10 European Countries Ranked by Flight Cancellations [4 hrs ago – Italy is Milan Malpensa, Linate mostly & due to other country cancellations, Rome FCO is still holding up well]
https://news.gtp.gr/2022/07/12/greece-list-top-10-european-countries-flight-cancellations/

Rome FCO in real time:
https://www.adr.it/pax-fco-voli-in-tempo-reale?p_p_id=it_txt_adr_cookiepolicy_web_portlet_AdrCookiePolicyBannerPortlet&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view

One Of Europe’s Busiest Airports Tells Airlines To Stop Selling Summer Tickets Amid Travel Chaos [6 hrs ago – London Heathrow will cap the number of daily departing passengers at 100,000 between July 12 and September 11 to minimize disruption]
https://www.forbes.com/sites/roberthart/2022/07/12/one-of-europes-busiest-airports-tells-airlines-to-stop-selling-summer-tickets-amid-travel-chaos/?sh=1c8d03944290

——————

People also ask

What happens if European airline cancels your flight?

However, when an airline cancels your flight, you may be eligible to receive flight cancellation compensation. EU regulation EC 261 gives passengers the right to be reimbursed up to €600 for flight cancellations – providing certain criteria are met.

Flight Cancellation Compensation | AirHelp
https://www.airhelp.com/en-int/flight-cancellation-compensation/

EU
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32004R0261

As for Brexit…you’re on your own Canada.

– Yours truly,

Yin

#30 Zac on 07.12.22 at 3:46 pm

In Toronto, the wage for Tim Hortons is C$15/hr, and are mainly staffed with people with graduate degrees.

Minimum wage is the new median wage in Toronto. You either earn minimum wage or you earn a lot. Inequality is rife.

#31 Ustabe on 07.12.22 at 3:47 pm

#22 Dr V on 07.12.22 at 2:32 pm

9 A&W

“Should hopefully just cover rent and commuting to work.

Then what?

EXIST TO MAKE BURGERS? This is the meaning of life?
This is what defines fulfillment?”
—————————————————–

Same as 40+ years ago. Why should it be different now?
It’s a crap job like it’s always been.

Its only a crap job if management makes it so.

Let me make certain you all heard that: Its only a crap job if management makes it so.

It is a job I did for 3 decades, Although I’m sure there were crap days all I recall is enjoying each and every day in its own way, something many well paid professionals on this very blog do not seem to be able to do.

It also allowed me the time to pursue a side gig with my brother result: between the two income streams and my wife’s selling her vet practice, a quite comfortable retirement at 50.

Here I am 20 years later and short order cooks in my town are just now getting to the wages I paid 2 decades ago. Tell me that is fair.

Now, to be fair, most of the money is made when you sell a joint. I sold a 50 seat cafe to a retired florist from Alberta twice! I held the note and had to take it back from him, lots details, landlord stuff and suppliers etc but 6 months later he was back with a new down and away we went again. This time he made it! But what a trip that one was.

#32 BC_Doc on 07.12.22 at 3:49 pm

“So there. Ask yourself: do I really need to hear about all this stuff, blow-by-blow? Will it make any real difference to my life, my finances plus the quality time spent with my dog (or spouse, if you lack a canine)?”

I put my boat on the lake this morning– absolute glass. This was followed by hot yoga with a swim in the lake to cool off.
Time now to swing in my hammock under the shady canopy of my maple tree.
Thanks for the good reminder to focus on what’s important Garth.
Cheers,
BC Doc

#33 Dragonfly58 on 07.12.22 at 3:53 pm

Hi Jacque, thanks for the insight.
But my son was not thinking he was doing really well. He was shocked by little I was seeing in take home earnings. He isnt even close to doing the job I did. My former employer is crying for new people, no takers.

#34 Senator Bluto on 07.12.22 at 3:53 pm

January 6. More evidence coming this week about the insurrection/attempted coup in Washington eighteen months ago, and the role Trump actually played in planning, fomenting, guiding, orchestrating and accelerating the event. Or was he just an interested spectator, watching CNN in the Oval Office? Did the President try to subvert democracy by saying a legit election was stolen and blocking the transfer of power, or, um, not?
++++++++++++++++++++++++++++++++

Meh… nothingburger with a side order of slander. Same thing that CTV/Global/CBC/CNN/MSNBC have been serving up since HRC refused to concede the election to Trump in 2016. Amazing how Democrats are blind to their own indiscretions but scream for the heads of their opponents for the same BS that they do.

One pundit said that if a superpower could be overthrown by a guy wearing a buffalo hat and a can of pepper spray, then maybe we should be sending the Ukrainians buffalo hats and pepper spray instead of drones, helicopters and artillery. It’s a thought….

BTW, how about Joe Biden’s vig on Hunter Biden’s sale of $100 million in U.S. Strategic Oil Reserves to the Chinese commies? Hunter Biden says he always keeps back 10% for “The Big Guy”. That’s a story CTV/Global/CBC/CNN/MSNBC won’t touch.

I missed the armed Capitol Hill riot and refusal to transition power that Clinton engineered. Please post a link. – Garth

#35 Sam on 07.12.22 at 3:54 pm

All lagging indicators. Oil has already fallen 30%. Lowering interest rates will start after Q4. Real estate and equities even crypto will inflate again. Rinse repeat.

#36 Rook on 07.12.22 at 3:57 pm

Could be worse.

Hillary Clinton or Kamala Harris could announce their candidacy, too. Heck, Ron DeSantis could, then the Dems really WOULD be up a you-know-what without a you-know-who.

#37 Leon Smuk on 07.12.22 at 4:02 pm

Not to mention the stupidity that passes for what are supposed to be leaders here and all of their foolishness.

#38 Elon Fanboy on 07.12.22 at 4:08 pm

Have you noticed how many cafés, restaurants with takeout, pizza places, etc, now prompt you for a tip by default when paying.

Sorry if I’m standing to order food and I have to take it to my own table I ain’t paying a tip.

Don’t remember that pre-Covid.

———/

I haven’t been watching the Jan 6th proceedings. Seems all rather one sided as someone else pointed out.

I’ll give the Dems credit though. They are masters at Kabuki theatre for the MSN. They overdid it though with the Hutchinson ‘testimony’….immediately denounced as false by the Secret Service.

Makes for good TV I guess.

#39 baloney Sandwitch on 07.12.22 at 4:13 pm

All conservatives are not stupid, but most stupid people I know are conservative. What did Biden had to do with the pandemic, the Russsian Invasion and Inflation? Same with Trudeau. OK they went overboard with the stimulus but its better than people starving on the street and destroying a generation like what happened after the depression. It took a WW to pull us out and billions dead. Instead we have full employment and inflation and a moderate recession is a much smaller price to pay

#40 jess on 07.12.22 at 4:19 pm

president deceiver …lock him up strip him of his titles and cancel his pensions etc. and that goes for all the others who continue to promote lies

President Trump is a 76-year-old man,” Cheney said at one point. “He is not an impressionable child.”
“Donald Trump cannot escape responsibility by being willfully blind,” the Wyoming Republican said at another moment.

#41 PeterfromCalgary on 07.12.22 at 4:21 pm

“January 6. More evidence coming this week about the insurrection/attempted coup in Washington eighteen months ago, and the role Trump actually played in planning, fomenting, guiding, orchestrating and accelerating the event.” (Garth)

Boring, partisan political theater in which those who are not asleep have already left the theater.

#42 The Original Jake on 07.12.22 at 4:25 pm

Our dollar to the EUR was a tad higher still in 2010 and 2012 post financial crises when our dirty oil was in higher demand back then.

https://www.stockwatch.com/Chart/Advanced/U/FX$CAD_EUR/20

#43 tkid on 07.12.22 at 4:32 pm

“Leaked CPI” report says inflation in the US is over 10%. Is the report a fake or genuine? How do the blog dogs vote?

#44 Steph on 07.12.22 at 4:33 pm

Appollo is like “This guy really just forgot the leash. Sheesh.”

#45 Ed on 07.12.22 at 4:38 pm

#3 Fact Checker Fred on 07.12.22 at 12:57 pm

There are no $5 burgers at A&W

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

All good Canadians go to awcoupon.ca before getting into the drive thru lane. The $5 burger is pretty common on there.

#46 Søren Angst on 07.12.22 at 4:41 pm

Elephant. Room.

My Threadbare Portfolio, as of a few minutes ago, getting pounded *, YTD:

+0.4%

but alas, healthy dividends coming in this and the following Friday.

“Should” keep me +’ve for the year.

Pounding coming from TWTR and Cdn Maple ETF & oil today as Garth points out (price wise), not helping either but their dividends a big help (one of them July distribution annualized = 50.96%).

– ☯ (the Dark one).

——————

* Currently enjoying my oblivion Vodka Orange.

#47 The Original Jake on 07.12.22 at 4:47 pm

#38 Elon Fanboy on 07.12.22 at 4:08 pm
Have you noticed how many cafés, restaurants with takeout, pizza places, etc, now prompt you for a tip by default when paying.

There’s that and then there’s some indoor establishments that hand you their charge machine to pay and the automated tip amount starts at 17%… which is charged on top of tax.

#48 Canook on 07.12.22 at 4:54 pm

Cottagers STAY THE HELL AWAY!

“Reasons why this is a good week to go to the cottage….”

There are NONE.

COVID is NOT OVER. Surges are threatening the lives of the actual year round residents of rural areas, through ER shutdowns, burnout and staffing shortages.

https://www.thestar.com/news/gta/2022/07/11/ontario-municipal-leaders-call-for-action-amid-several-temporary-er-closures.html?itm_source=parsely-api

“In 10 years, we could look back and say, ‘Wow, this destroyed rural Ontario’s health system,’”

If you get sick in cottage country, plan to drive back hours to Oakville, or die waiting to find an ER that’s open.

It’s too soon. We don’t need you here. 2023 or 2024 may be better, possibly. Save lives and wait, all you inbred southern hillbillies.

Just.

Stay.

Home.

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

Can you please let us know what flavour of kool-aid you’ve drown yourself with?

#49 Søren Angst on 07.12.22 at 5:00 pm

#35 Sam

🌈 🦄 ☘ 🎉

#50 Ken R on 07.12.22 at 5:08 pm

Mention fast food establishments, I had a Big Mac on December 22, 1979 and thought the product wasn’t very good. I have not had a Mcdonald’s hamburger since.

#51 Fire half of the federal civil servants on 07.12.22 at 5:11 pm

All liberals are not stupid, but most stupid people I know are liberals.

#52 TurnerNation on 07.12.22 at 5:16 pm

Another day in the Former First World Countries. Oh yeah our leaders care about our health.
This is the take down. WW3 began in March 2020 — I told y’all back then.

https://nursingnotes.co.uk/news/clinical/every-single-ambulance-service-in-england-declares-critical-incident-status/
Every single ambulance service in England declares ‘critical incident’ status
Ambulances services are now struggling to effectively and safely deliver services.
All ten ambulance services across England have now declared a “critical incident” due to unrelenting pressure across NHS services. Resource Escalation Action Plan (REAP) Level 4, equivalent to Opel 4 or “Black Alert” for hospitals, is declared when an ambulance service can no longer effectively deliver a service due, typically due to a major incident.

—— Alllmost back to normal guys. This is permanent in the Former First World Countries.
(Who would pay and go to a sun destination to wear a mask? )
I conclude that WE are what our global rulers are trying to stamp out.

.Mask Mandate Returns To Crowded Outdoor Settings In Bali (thebalisun.com)

.Editorial: We should scrap the [ArriveCAN] app, not make it permanent (torontosun.com)

.UK: COVID-19 restrictions could be reintroduced if rise in cases hits NHS backlog, minister warns (news.sky.com)

.South Korea: 4th dose of current vaccine unlikely to prevent BA.5 wave: experts (m.koreatimes.co.kr)

.China’s previous lockdowns were bad –those to stop BA.5 may be worse (fortune.com)

.Hong Kong to introduce electronic tracking bracelets to stop residents breaking Covid quarantine (euroweeklynews.com)

.Macao streets empty after casinos shut to fight outbreak (mrt.com)

.UK Covid NHS trusts bring back face masks and social distancing(euroweeklynews.com)

.Vaccines and antivirals not enough to combat Australian Omicron surge, experts warn (theguardian.com)

To save summer travel, transport minister must act now (ottawasun.com)

CDC moves 4 places to ‘high’ risk travel category | CNN Travel (cnn.com)

#53 under the radar on 07.12.22 at 5:31 pm

14 – it’s not a court. It is an investigatory committee established by an Act of Congress.

Hutchison Testimony – under Oath on pain of perjury. The refutation of parts of her testimony was in the media, not under Oath.

#54 You know Val on 07.12.22 at 5:33 pm

Yup cell phone media is the drug that makes pussie

#55 MaggieB on 07.12.22 at 5:41 pm

#25 Soren Angst

Don’t know what you’re talking about. My husband had his fourth shot here in B.C. six weeks ago.

#56 NoName on 07.12.22 at 5:47 pm

#29 Søren Angst on 07.12.22 at 3:33 pm

People also ask…

Start charging for entrance to Venecija, and how it will work, check points, lets hope not head implanted microchips? Rumor is they will charge domestic Italians visiting a city also.

What is a world is going over there?

#57 T Rex and the dinosaur clique on 07.12.22 at 5:50 pm

Biggest problem people are going to have with this relentless push upwards in rates is they are not going to requalify on renewal.

I saw this a lot back in the 90s when I still had my broker’s license (in another life).

They would come in, usually the couple, almost in tears. You could see the fear in their eyes. The fast speech. The shame and hurt.

They had usually been given 60 days by their bank to pay off the balance of their mortgage or face power of sale.

Back then it was usually only a hundred thousand or two that they had to come up with. And of course none of them had it.

You knew what you were doing to them. The debt spiral. “Buying them some time”. “Breathing room”. It didn’t matter.

If they couldn’t afford the house anymore at the bank rate, they were never going to afford it at the subprime rates, which were multiples higher.

But you could structure it so they would float for another six months before they blew up.

They were all finished anyway. The debt vultures just wanted the carrion.

Now these same folks owe a million or more. Which none of them have. Or ever will have.

And they will be told the same thing by their banks.

You no longer qualify.

We expect the loan paid in full, in 60 days, or we will power of sale your house.

The good old days are back again.

#58 Dr V on 07.12.22 at 6:04 pm

31 Ustabe

“Let me make certain you all heard that: Its only a crap
job if management makes it so.”
—————————————————-

It’s a crap job if you make crap food like the fast food chains. Still no diff than when I was young.

I trust you made better.

#59 WTF on 07.12.22 at 6:05 pm

# 14 Alberta “Its findings would be thrown out by any legitimate court of law”
#41 Calgary “Boring, partisan political theater in which those who are not asleep have already left the theater.”

—————————————————————-

I see the Alberta Mensa Club is Giitten er done again.

Lets see what the US Justice Dept (AKA the legal system) determines before you two prattling rocket scientists make your thoroughly baseless declarations.

I know, a couple of esteemed geniuses’ with certifiable US legal minds like yourselves have it all figured out cause Tucker told you.

Here on earth? The rest of us are willing to wait till all the facts are presented.

#60 Ponnaps on 07.12.22 at 6:09 pm

Seeing a lot of young new immigrants moving into homes in my neighborhood..implying they bought in the last few months..

It’s tragic how their futures may look like. Vast incomes being wiped off paying for borrowing on a depreciating asset..

Definitely not the immigrant dream they were planning to make a reality of..

#61 jess on 07.12.22 at 6:11 pm

…” However, unpaid lobbyists have no obligation to report their activity and are not bound by the Lobbyists Code of Conduct — a set of rules around political activity and gift-giving. All 10 provinces and Yukon have lobbyist registries and some municipalities not captured by provincial lobbying legislation have enacted their own.

Proposed changes to the federal code are underway, and Canada’s lobbying commissioner has released preliminary recommendations for improving the act.

Here’s everything you need to know about how lobbying works in Canada.

https://www.nationalobserver.com/2022/05/09/explainer/what-is-lobbying-canada

#62 From the field on 07.12.22 at 6:19 pm

Friend went to Europe for vacation, got Covid on the cruise portion 3rd day. Evaded checks that scanned face and took facial ID so he could enjoy his holidays and not be quarantined.

If I didn’t know him well, I wouldn’t believe it!

Wife flew back with Covid.

People have had enough. They are treating it as they did the flu.

#63 Salutations Sally on 07.12.22 at 6:21 pm

Apollo looks great, just don’t forget to feed him either, or your sister will have a fit! (not to mention Apollo). Have fun looking after him, he looks like he’s a fun companion!

#64 truefacts on 07.12.22 at 6:25 pm

“Trump may declare himself a 2024 candidate…”
_______________________________________

I would bet on Ron Desantis for GOP candidate in 2024 – respected by Republicans without all the craziness attached to Trump…

#65 Ohm on 07.12.22 at 6:36 pm

#19 Dragonfly58

You absolutely hit the nail on the head! Good post!!!

#66 truefacts on 07.12.22 at 6:53 pm

#39 Baloney…

“What did Biden had to do with the pandemic, the Russsian Invasion and Inflation? Same with Trudeau.”
_______________________________________

Okay, I’ll bite.

1. Covid – Trudeau and Biden implemented meaningless policies that did very little to fight Covid. (ex. truckers needing to be vaxxed despite not needing that for 2 years – why?)

2. Russian Invasion – Biden withdrew from Afghanistan and made the US the laughingstock of the world – emboldening Russia to act. I’m no fan of Trump, but if he was in office, not a chance of this happening.

3. Inflation – Biden’s first act in office was to cancel Keystone. He (and Trudeau) are against oil/gas development. This has created $100+ oil which has added to inflation. Also, unending spending by both – economics 101.

#67 kommykim on 07.12.22 at 6:58 pm

RE:#16 Cheese on 07.12.22 at 2:11 pm
Learn to skip meals, rolling 48-hour fasts, it helps a lot.

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

Maybe I’ll lose some weight. Doubt it.

#68 Observer on 07.12.22 at 7:28 pm

5:11 pm
All liberals are not stupid, but most stupid people I know are liberals.

^^^^^^^^^^^^^^^^^^^^

So the convoy cult of village idiots (aka the “freedom movement”) are Liberal then.

#69 45north on 07.12.22 at 7:34 pm

Elon Fanboy I haven’t been watching the Jan 6th proceedings. Seems all rather one sided as someone else pointed out.

I’ll give the Dems credit though. They are masters at Kabuki theatre for the MSN. They overdid it though with the Hutchinson ‘testimony’….immediately denounced as false by the Secret Service.

They should have just left her out. She reported on a conversation among Secret Service staff. She said she was “in the vicinity”. She was not part of the conversation. She prefaced her reporting with “they said words to the effect”. Kind of an odd thing to say if you’re going to repeat swear words. She reported the Secret Service staff said Trump was in the “beast”. A code word for the limousine. He was not in the limousine, he was in the SUV. Sounds like the Secret Service staff were confused. Her testimony is the definition of hearsay.

#70 willworkforpickles on 07.12.22 at 7:36 pm

BANNED

#71 Damifino on 07.12.22 at 7:54 pm

#50 Ken R

I had a Big Mac on December 22, 1979 and thought the product wasn’t very good. I have not had a Mcdonald’s hamburger since.
————————————-

I could say a very similar thing about Subway.

Some might call me a man of no taste (literally), but Big Macs are not all created equal. One fresh off the grill made by a competent employee can be fairly good but one slapped together with a minimum of sauce then left on the heat rack for an hour is almost inedible.

#72 bdwy on 07.12.22 at 8:09 pm

U.S President Ron Desantis will be good for the country.

Never happening. Nutjob. – Garth

#73 Look out below on 07.12.22 at 8:16 pm

Garth, The euro has been below the USD for a number of years since the creation in 1999, this isn’t the first time in history. The actual low is below .85 cents in the 2000’s sometime and it was below parity for a few years. Prior to 1999, currency graphs show the individual country currencies by weighting prior to euro creation.

#74 Cici on 07.12.22 at 8:24 pm

#7 Ustabe on 07.12.22 at 1:25 pm

That sounds great and all, but in real life and especially in the big cities, companies have to pay very high overhead in the way of rents or mortgages, as well as high taxes. Franchises don’t come cheap either, and there’s are lots of competitors to contend with.

Some 20 years ago, I worked at a certain Mom & Pop-owned franchise. They were always cutting costs and benefits, so being the spoiled adult child that I was, I assumed they were just extremely greedy.

However, after working in several other struggling restaurants, I realized that in actual fact, they had probably taken on a lot of debt in an effort to try to boost profits and were really stressed out just trying to support the needs of their own family.

I think you really need to consider how high most businesses’ expenses are these days, especially for restaurant owners. I suspect that to have been as generous as you were, you probably enjoyed a low or no-rent situation, extremely low taxes, and a highly concentrated client population (maybe even in a tourist destination?) without much competition.

What I know from working in the big city is that any company operating today as you said you did would probably be bankrupt in no time flat.

#75 Sail Away on 07.12.22 at 8:30 pm

#71 Damifino on 07.12.22 at 7:54 pm
#50 Ken R

I had a Big Mac on December 22, 1979 and thought the product wasn’t very good. I have not had a Mcdonald’s hamburger since.

———-

I could say a very similar thing about Subway.

Some might call me a man of no taste (literally), but Big Macs are not all created equal. One fresh off the grill made by a competent employee can be fairly good but one slapped together with a minimum of sauce then left on the heat rack for an hour is almost inedible.

———-

Sometimes for a 3 day fishing or hunting trip, I’ll bring 9 Big Macs. Then no wasted time fiddling with food and it’s easy to concentrate on the important stuff.

#76 Cici on 07.12.22 at 8:30 pm

In other news, enjoy the strong dollar while it lasts.

This might be a game changer: The Reserve Bank of India (RBI) on Monday introduced a rupee settlement system for international trade, which could help India promote its exports and facilitate trade with countries under sanction.

https://www.youtube.com/watch?v=6VbOeOzg-VU

Meaningless. I don’t get the hate for the US$ on this site. There is zero chance it stops being the global reserve currency. – Garth

#77 Felix on 07.12.22 at 8:31 pm

About the picture: “This is Apollo, a 10 month old miniature Schnauzer,” writes Dimos. “This was my first day of dog sitting for my sister and I forgot the leash at home. I had to MacGyver a leash by using carabiner and rope. As I am making the makeshift leash, Apollo was being a cool cat. “

It is true that canines aspire to be ‘cool cats’; however none are equipped to actually rise to that level.

#78 tbone on 07.12.22 at 8:43 pm

Last time i had a big mac it was improperly assembled.
They put the two meat patties one on top of the other and then put the two top pieces of bread on top of the two meat patties. WTF is that ?

#79 Randy on 07.12.22 at 8:56 pm

DELETED

#80 Stone on 07.12.22 at 9:03 pm

That’s why rates are going up. To stop this barking madness of giving young people higher wages, more benefits, flextime and gratis teen burgers.

———

I don’t have any issue with young people (who are too often exploited and abused by employers due to inexperience and not knowing their rights) with a better wage and benefits.

To think otherwise is to believe that everything is based on a zero sum game. It isn’t.

As a contrarian, I believe everyone can be uplifted.

Sad to think some think it’s madness. Isn’t a free market economy all about supply and demand? Or do employers now want to embrace communism? Hi…comrade? Or is that komrade?

Employers are a strange bunch. Want it all…don’t want to share.

#81 Meh on 07.12.22 at 9:05 pm

https://www.nationalobserver.com/2022/07/12/opinion/canada-housing-market-offers-young-people

Very well written and worth reading.

#82 The Original Jake on 07.12.22 at 9:06 pm

#4 Cottagers STAY THE HELL AWAY! on 07.12.22 at 12:58 pm
“Reasons why this is a good week to go to the cottage….”
There are NONE.

I sneezed the other day on my dock and the guy on the other side of the lake now has covid. You need to get real, the outdoors is the safest place to be during covid.

#83 Russ on 07.12.22 at 9:35 pm

Observer on 07.12.22 at 7:28 pm

5:11 pm
All liberals are not stupid, but most stupid people I know are liberals.

^^^^^^^^^^^^^^^^^^^^

So the convoy cult of village idiots (aka the “freedom movement”) are Liberal then.

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

Straw man up n ready?

A smart observer would have connected that comment to an earlier one and realized the point being, there are stupid people on both sides of the fence.

The real issue is who you know.
Like, why are the Liberal people some people know are mostly being being stupid?

Is this a normal “bell curve” thing?

Cheers, R

#84 “Observer” unmasked on 07.12.22 at 9:48 pm

#68 Observer
So the convoy cult of village idiots (aka the “freedom movement”) are Liberal then.
———————————————
Yet another contribution of yours from the bile duct.
You are without question, an alpha sheep. LOL

#85 Doug t on 07.12.22 at 9:55 pm

Hmmmmm – Fartz where you at …………

#86 I don't know on 07.12.22 at 9:57 pm

#57 T Rex and the dinosaur clique on 07.12.22 at 5:50 pm

Those days are over. Interest rates are not going anywhere near what they were in the 80’s, when it took rates to jump to roughly 18% before defaults actually started. The 70’s and 80’s inflation was caused by a crisis in the faith of the USD. As our host mentioned, the current situation is far different as the USD has been gaining strength and is now the place to be. Only people who believed internet memes and social media foolishly thought otherwise.

We will be lucky to get to a 4 or 5% prime rate. The banks are now not only debating how high rates will go, but also how far they will fall if a recession results and is deeper than anticipated. No one expects rates to return to 2020/2021 levels, however.

The 80’s are long gone. Own real estate (preferably locked in) and have a balanced portfolio? Go back to sleep.

IDK

#87 T Rex and the dinosaur clique on 07.12.22 at 9:58 pm

RE: #69 45north on 07.12.22 at 7:34 pm

They are “show trials”.

The whole situation has become so political that there can never actually be “the truth”. Truth gets lost in politics.

Up in Canada we now have political prisoners (not really heard of since the last Trudeau was in power).

Oh well.

If you are really nice to TNLTB (the nice lady at the bank?) she will let you keep your house.

There are no political prisoners in Canada. Tamara violated her bail conditions. What did she expect? – Garth

#88 Tom from Mississauga on 07.12.22 at 10:02 pm

https://www12.statcan.gc.ca/census-recensement/2021/dp-pd/dv-vd/pyramid/index-en.htm

That A&W wage is all about demographics, BC is OLD. Only 2% of the population is 16, 17, 18, 19. But 1.5% of the population is 62 y/o. BC population pyramid has inverted, shortage of staff is permanent. It doesn’t matter how high interest rates go.

#89 B on 07.12.22 at 10:05 pm

2x Buddy Burgers for $5, can’t beat it.

#90 Ed on 07.12.22 at 10:20 pm

Thats why I always order my Big Mac …no onions. They need to make me a fresh one.

As a burger its different but actually its a sandwich and delicious if done properly.

#91 David Green on 07.12.22 at 10:38 pm

I want to like Joe Biden as much as the next guy. He looks like everyone’s adorable ‘ol grandpa or uncle.

I agree that a great deal of chaos he inherited from previous “leaders” and situations.

However, the official government statistics were just released and they stated that 70% of the money from the PPP (Paycheck Protection Program) did not go to the intended financial targets. Think that was only because of Trump’s actions?

Also, Biden escalated the fight with Russia, which is only exacerbating the biggest energy shortage humanity will likely ever see. Price movements in fuels/petrol are fabricated. Watch the graphs and see the patterns.

Joe isn’t as innocent as he looks. I wish he were.

We’re about to see a very VERY bad time period.

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

#39 baloney Sandwitch on 07.12.22 at 4:13 pm

All conservatives are not stupid, but most stupid people I know are conservative. What did Biden had to do with the pandemic, the Russsian Invasion and Inflation? Same with Trudeau. OK they went overboard with the stimulus but its better than people starving on the street and destroying a generation like what happened after the depression. It took a WW to pull us out and billions dead. Instead we have full employment and inflation and a moderate recession is a much smaller price to pay

#92 Robert S. on 07.12.22 at 10:41 pm

DELETED

#93 SunShowers on 07.12.22 at 10:59 pm

#28 JacqueShellacque on 07.12.22 at 3:29 pm

Does the Ricardo Effect also take into account the fact that, as you say “consumption of capital, the means of production: what we think of as ‘wealth’ is nothing more than being able to consume goods”, capital is itself unable to consume capital?

We NEED labor to be ubiquitous and well paid so they can afford to consume or else the economy grinds to a halt, because last time I checked, robots don’t buy things.

Every business owner wants to save money by laying off staff and automating, but they’re laying off other business owner’s customers, and other business owners are laying off your customers. It’s unsustainable.

#94 Observer on 07.12.22 at 11:17 pm

Garth, I think you triggered the freedumbies with this blog post.

#95 the Jaguar on 07.12.22 at 11:19 pm

#75 Sail Away on 07.12.22 at 8:30 pm
Sometimes for a 3 day fishing or hunting trip, I’ll bring 9 Big Macs. Then no wasted time fiddling with food and it’s easy to concentrate on the important stuff.+++

If ever there would be an instrument similar to the Geiger counter ( Geiger-Muller counter), or perhaps an equivalent Richter scale measurement device, but one which would detect and measure wildness in human beings, it would be off the scale when pointed at or zeroed in on Sail Away. I like it. Reassuring in a complex world where common sense and efficiency in all things is fraying at the edges.

Personally I would bring Quarter Pounders with cheese versus Big Macs. And never, ever, any burger with bacon. That’s only for BLT’s. Enough said.

#96 West New West on 07.13.22 at 12:23 am

Been buying every month…bur yesterday broker calls us and says we need to wait a bit…never seen that before

#97 Dr V on 07.13.22 at 12:39 am

93 Sunshine

“Every business owner wants to save money by laying off staff and automating, but they’re laying off other business owner’s customers, and other business owners are laying off your customers. It’s unsustainable.”
———————————————-

So they said about the felling machine. And now they tether the things to large bulldozers so they can use them on steep slopes. Technique developed in New Zealand as they could not find enough workers willing to be tree fallers.

Strange thing was, the fallers were using power saws
which had replaced axes and hand saws. Funny how that works.

Dont get me started on excavators.

#98 John Vergon on 07.13.22 at 12:41 am

Pullleaseeeeezzze, the January 6 kangaroo court/circus is theater as we’re the ‘mostly peaceful riots’ . To have a court you must have cross examinations of BOTH sides evidence.

The Democrats are so shit scared of their polling numbers that they’ve had to hire Hollywood to try and shift the narrative. It reminds me of “ Trudeaumania” where it was later found that you can’t buy love with media fish-wrapper. Washingtons K street is always a busy place. It doesn’t take genius to manipulate seats or confound voters.

Why oh why do we bother? Did you happen to catch Minister Wilkinson on ice skates in todays “news”. A day after he was shouted out of Calgary , Mr Trudeaus energy says “ Canada will need oil for 30-40 years”. He went on to say it was about “ keeping the lights on”. What a slap down of the “Science” Mr Trudeau has been yelling at us to accept.

Do I smell an attempt to soften Canadians hearts on this very raw nerve Mr Trudeau has been stinging? Would we stop hating him so much if he softens his stand on energy for Canadians? Is this more “ genius” from K Street in the lead up to another “important election”?

I don’t know about you but I’m sick of Canadian policy being made to tailor American and EU political polls.

#99 willworkforpickles on 07.13.22 at 1:01 am

BANNED

#100 Diamond Dog on 07.13.22 at 3:31 am

#2 dave on 07.12.22 at 12:43 pm

It’s not just Nord stream to consider, its the long term contracts coming out of Russia’s largest nat gas corp asset Sakalin producing roughly 4% of the world’s supply:

https://www.reuters.com/business/energy/russia-decree-sakhalin-2-project-knocks-mitsui-mitsubishi-shares-2022-07-01/

Shell, who built the project, is out billions as is Mitsui (Japan) each losing a near quarter stake. Japan is super reliant on gas imports since their nukes went bust, what are they going to do now?

At the beginning of the war, 40,000 NATO troops were put on high alert. 2 weekends ago, it was 300,000. What happens if Ukraine loses the war or Russia keeps advancing west past the Donbass?

Where is NATO or Europe’s line not to cross? If Russia takes Ukraine, will they stop there, or will they keep going west to the Dinaric Alps with the new battleground becoming Austria, the Czech Republic and the plains of Poland? Where is that line? Is it Ukraine? Should it be Ukraine?

When Finland and Sweden joined NATO, in procedural terms it was quick taking a couple weeks. There was a vote in both nations, a vote in NATO after smoothing things over with Turkey and done. If Russia keeps marching west, it could only take a week or two to usher Ukraine into NATO and then we will see a true war in Europe involving everyone that could morph into a world war.

One might ask, why? Why would NATO at this point take Ukraine into the fold? Because Putin is “sticking it to Europe” in his imperial ambitions for Ukraine. Winter is coming with no gas to heat homes and run industry, no gas to manufacture fertilizer for crops, no gas to keep economies going. It’s not just gas, Putin is showing no signs yet of stopping at the Donbass. NATO either lets him continue marching west, or they try to stop him.

If NATO loses Ukraine, NATO loses eastern Europe, likely right to Austria, Poland and the Dinaric Alps. The new battleground is the Austrian mountains and Polish plains. I mean, look at a map, where do you take your stand?

https://en.wikipedia.org/wiki/Europe#/media/File:Simplified_Languages_of_Europe_map.svg

Where is the line? If not Ukraine, then where? If commodities such as gas won’t move the needle in the dead of winter, what will? There may not be much by way of choices with NATO concerning Russia at this point. We are looking at Europe going without Russian gas this winter as it is. It may not be just Europe, but Japan.

We could be headed into a world war over this and it could end up nuclear, it has the potential. Some might believe that inflation is the #1 issue for the U.S. but when one thinks about it, it is the safety and security of the American people. We can tell ourselves, “there’s so much we need to do at home, inflation and poor regulations get rid of them and let business handle it (like that’s gone well), government too big etc., why bother with Europe.” One need only ask how much financially there is at stake for the U.S. in Europe AND Japan to see why.

The U.S. and by proxy Canada is not an island. We are dependent on outsourced manufacturing far more than we care to admit. It’s not just imports, it’s exports, it global trade. This is why Russia/China relationship is so important. Russia can’t go it alone but if Russia thinks/knows it has China as an ally, Russia will risk provoking a world war. What remains to be seen is what the rest of the world will have to say about it. Unfortunately, the choices now are growing more forced and narrow.

In that light, lets take some time to enjoy this summer and do our thing as one never really knows how long normal will last.

#101 ChesterFooke on 07.13.22 at 6:47 am

Yup, you guessed it.
Finally, Actions speak louder than words is another classic example.
Not so much.
For example.
That’s why aphorisms, adages, and proverbs are synonyms for each other.
If you do, you agree with George Herbert’s famous aphorism from his book, Outlandish Proverbs.
Another success aphorism comes from Chris Grosser.
Opportunities don’t happen.
Let me ask you.
The complete quote was, A Jack of all trades and master of none, but oftentimes better than a master of one.
Another memorable aphorism is, An apple a day keeps the doctor away.
Pick an aphorism that relates to your message and use it to stay focused on your overarching theme.
Truthfully, there aren’t huge differences between the three.
And since they’re universal truths about life, they help persuade your reader to accept your message.
This famous motto highlights the truism that life is full of ups and downs.
The part in Star Wars where Yoda says, There is do, or do not.

#102 McCrap on 07.13.22 at 6:50 am

#75 Sail Away on 07.12.22 at 8:30 pm
#71 Damifino on 07.12.22 at 7:54 pm
#50 Ken R

I had a Big Mac on December 22, 1979 and thought the product wasn’t very good. I have not had a Mcdonald’s hamburger since.

———-

I could say a very similar thing about Subway.

Some might call me a man of no taste (literally), but Big Macs are not all created equal. One fresh off the grill made by a competent employee can be fairly good but one slapped together with a minimum of sauce then left on the heat rack for an hour is almost inedible.

———-

Sometimes for a 3 day fishing or hunting trip, I’ll bring 9 Big Macs. Then no wasted time fiddling with food and it’s easy to concentrate on the important stuff.

——

What important stuff? Not making in your pants while you look for a place to pinch a deuce in the wild?

Big Macs…McDonald’s in general is an excellent laxative.

#103 Attom on 07.13.22 at 7:31 am

Cheapest burger I can find is double your quoted $5.

#104 Wrk.dover on 07.13.22 at 7:56 am

In the summer of ’68, I cooked fries for $1/hr.

Couldn’t afford a stereo, record albums, or taking a girl to a movie via the subway. I was saving for a 1.5 HP outboard motor, which I never achieved purchasing. Good thing I had oars and a sail, on the boat my paper route had bought.

Now they pay $17.50hr? Will that cover an I-phoney, music subscriptions, and a heavy date?

(I saw a 90HP outboard advertised for $12,000 yesterday.)

I know neither wage would cover food and accommodation for a grownup.

#105 Joe Lalonde on 07.13.22 at 8:01 am

Not to rain on your parade Garth…but

Meaningless. I don’t get the hate for the US$ on this site. There is zero chance it stops being the global reserve currency. – Garth

I take it you don’t get the United States Federal Reserve report of a new system will be ready for the Digital Dollar?
At the end of February 2023.

We are currently in the backup phase in what should have been WW3 with NATO in the middle of Ukraine.
But China threw a wrench into that plan and Russia did a great counter move that stopped this plan from being enacted.
Remember that night when Biden and Trudeau had an evening Emergency Broadcast?
It was supposed to be an announcement of being at WAR with Russia.
So, yes, the US Dollar is toast now as Reserve Currency Status soon.

#106 rampant inflation on 07.13.22 at 8:33 am

with a 9.1% CPI print today, expect the FED to raise 100 bpts next meeting.

they should do 200 bpts. but they are completely incompetent. just like the bank of canada.

inflation is rampant.

#107 Wrk.dover on 07.13.22 at 8:40 am

Property tax on the vacant several acre waterfront lot across the road from us is 150% of our two dwelling, multi building forty acre estate.

Insurance for our brand new low end car is 400% of the 2002 car it replaces.

No wonder we afford so many older cars on the road, and so many buildings.

My idea to drop out of GTA forty two years ago is paying.

#108 Stan from Canmore on 07.13.22 at 9:11 am

#50 Ken R on 07.12.22 at 5:08 pm

Mention fast food establishments, I had a Big Mac on December 22, 1979 and thought the product wasn’t very good.
I have not had a Mcdonald’s hamburger since.

—————————————————————–
I could say a very similar thing about Subway.

Some might call me a man of no taste (literally), but Big Macs are not all created equal. One fresh off the grill made by a competent employee can be fairly good but one slapped together with a minimum of sauce then left on the heat rack for an hour is almost inedible.

———————————————————–
#103 Stan from Canmore on 07.13.22 at 9:03 am

I haven’t had a Big Mac since 1977 when I was just a youth, so I beat you by 2 years. Lol.

Even then, I knew that stuff was no good. Health-wise. With or without sauce (whatever is in that sauce). Competent employee or incompetent. Taste-wise it’s very good. Deeeelicious. Ads are fantastic. Almost believe them. Sponsoring sporting and other events. Seems like good guys or just speaking out of both sides of their mouth ?

I can see why millions, if not billions would be seduced into eating that stuff. Let their stomachs override their heads ?

Or their french fries (yum yum)………… soaked in the same oil that is repeatedly used thruout the day(s). Can someone say acrylamide ?

Same thing with Subway, Whopper, Taco Bell, Coke, Pepsi, IHOP (yum yum), KFC, etc etc. The list is very long.

Mama burger might be a slight step up. But not much. To think I would wait in the drive-thru for 20 minutes to spend good money on that stuff. Not going to happen. Especially with $2 gas. Nor would I stand in line.

I wouldn’t eat any of that stuff even if you give it to me. You will pay in a few years…………with your health, not just your pocketbook.

——————————————————–

Enjoy

#109 IHCTD9 on 07.13.22 at 9:12 am

#68 Observer on 07.12.22 at 7:28 pm
5:11 pm
All liberals are not stupid, but most stupid people I know are liberals.

^^^^^^^^^^^^^^^^^^^^

So the convoy cult of village idiots (aka the “freedom movement”) are Liberal then.
___

Obviously No. Lefties would have smashed out all the store-fronts and looted them, torched a bunch of cars, set up a Police-free zone, and murder a few rioters.

None of that stuff happened at the trucker convoy – clearly indicating that no left-wing fruit-loops were involved.

#110 Rajapanskaburgher on 07.13.22 at 9:33 am

People who eat burgers are the embodiment of the proletariat. Canada will be like Sri Lanka soon or already …..

#111 Harry Main on 07.13.22 at 9:37 am

Garth, when you say De DSantis is a “nutjob” do you say that based on his record? He has a “crazy good” track record as a citizen and governor. His polls rank him high in the eyes of Floridians. He’s brought freedom and prosperity to Florida during his term. Cash flow up, crime down. The social benefits living in FLA are recognized all over The America’s. Even the Communists in Cuba and Venezuela are running into residency. So in fact De Santis has proven himself. I wonder if you can make a list and put Justin Trudeau in the same category? Who’s the “nut job” in that race? Love to hear your thoughts on that.

#112 Dethorend King dollar on 07.13.22 at 9:45 am

Meaningless. I don’t get the hate for the US$ on this site. There is zero chance it stops being the global reserve currency. – Garth

LMAO….too late, the dog is out the bag..

#113 Quintilian on 07.13.22 at 9:47 am

#109 IHCTD9 on 07.13.22 at 9:12 am
“Obviously No. Lefties would have smashed out all the store-fronts and looted them, torched a bunch of cars, set up a Police-free zone, and murder a few rioters.
None of that stuff happened at the trucker convoy – clearly indicating that no left-wing fruit-loops were involved.”

Oh yes, the convoy truckers were Kantian -Kierkegaardian gentle souls who wanted to make Canada a better place.

“An Ottawa homeless shelter says protesters from the “Freedom Convoy” harassed staff and volunteers Saturday, demanding food from their soup kitchen, and one shelter client was allegedly assaulted”

https://ottawa.ctvnews.ca/ottawa-homeless-shelter-staff-harassed-by-convoy-protesters-demanding-food-1.5760423#:~:text=An%20Ottawa%20homeless%20shelter%20says,of%20people%20to%20downtown%20Ottawa.

#114 Observer on 07.13.22 at 10:03 am

#109 IHCT9D

And it was antifa that stormed the capitol.

#115 Sonny Kang on 07.13.22 at 10:06 am

Bank of Canada hikes interest rates by 100bps

#116 Observer on 07.13.22 at 10:06 am

Messengers of truth they claim,
Pontificating is their game,
They preach their cause as one united,
Spin a tale, keep us divided,
Protect the small and keep speech free,
But slander those that disagree,
Delusion’s become their blinded vision,
Their “freedom fighting”, terrorism.

#117 Prince Polo on 07.13.22 at 10:06 am

#23 Prince Polo on 07.12.22 at 2:33 pm
What are the odds of an inflation print with 9.x% handle and CBs doing 100+ bips at one mtg in 2022?
Cue all the smarty-pants armchair economists (like me!)

I can take a page out of Garth’s book and pat myself on the back now??
Please advise, oh wise & omnipotent steerage section!

#118 Dharma Bum on 07.13.22 at 10:09 am

New Plan:

The government will now heavily subsidize all fast food (fake food) establishments (Macs, AW, Wendy, KFC, Tim, Sub, BK, etc.) allowing them to pay high wages and sell low priced poison slop and filth.

This will attract numerous new employees, and new customers (with the new low prices), creating an epidemic of sickness, obesity, depression, heart disease, and death due to the increased consumption of the garbage served by these establishments.

https://www.washingtonpost.com/lifestyle/wellness/sneaking-a-little-junk-food-doesnt-mean-all-is-lost/2018/02/26/828b75fa-1b36-11e8-9de1-147dd2df3829_story.html

The subsidization funding for these fast food empires will
come from funds withheld from the health care system.

More people will get sick and croak, while unable to receive healthcare, as the fast food corporations thrive along with their stockholders. Their employees, with their new found wealth from government subsidized wages, will soon perish as well, as they will be given three free fast food meals a day (a la Morgan Spurlock). They will simply be replaced by fresh meat (hahaha – get it – fresh meat) so the cycle will continue.

As more and more people die, and die younger, the government’s burden for welfare, OAS, and other financial obligations will decrease, demand for goods and services will wane (less people=less demand), thereby curbing inflation.

Problem solved. Easy peasy.

And you though I was dumb. I’m not dumb. I’m SMART!

And I want RESPECT!!!

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

#119 Meh on 07.13.22 at 10:20 am

#106 rampant inflation on 07.13.22 at 8:33 am
with a 9.1% CPI print today, expect the FED to raise 100 bpts next meeting.

they should do 200 bpts. but they are completely incompetent. just like the bank of canada.

inflation is rampant.

——————————————-

Hey and can you imagine what REAL inflation is? Because fuel, food and housing aren’t really part of daily expenses .

Amazing how they keep comparing today’s inflation with inflation from 40 years ago when they don’t even come close to calculating it with the same metrics.

I can run the 100 meter dash in 9 seconds but I only run half that distance in 9 seconds. Same thing right?

#120 Shawn on 07.13.22 at 10:43 am

Clear as Mud?

An enormous percentage of the people are claiming they are really struggling to cover monthly bills.

Half were $200 away from no way to cover adn then we got $200 inflation.

People say they are cutting back.

A bunch of people stopped working, left the labour force.

But airports are jammed.

Inflation is blamed on excess demand. People are spending apace. Where are people getting the money for all this excess demand?

#121 baloney Sandwitch on 07.13.22 at 10:53 am

As a followup to my post above and some dumb replies which proved my point/
I will never convince the conservative mind because by definition it is incredibly dense and resistant to change. what was Biden supposed to do with Russia? Let them walk over Ukraine and then threaten the rest of Europe? As far as Afghanistan is concerned that war was lost long ago. Yes, the withdrawal could have been less chaotic but it happened so faster the better. At least the bleeding has stopped, and Allah forsaken land is back to the stone age.

#122 tinpot economist on 07.13.22 at 12:31 pm

Shock and Awe, deflate and stall.

#123 CL on 07.13.22 at 1:58 pm

Again, the same ones that caused the problems are the same ones that are gonna “fix” it. The same ones that lent the money (with CMHC at their side) are the same ones now “concerned” about consumer debt levels.

The same ones that stoked the fire and caused people to feel so intoxicated because they were richer than they thought, thus inflating markets and asset values (artificially) are the same ones that are now inflicting pain on to everyone by slowing the economy. Soft landing ha. ha.

Makes total sense and I definitely applaud them for showing such “courage” to get the inflation under control that was totally expected by the way from excessive easy monetary policy and since it was well known people’s savings were higher than normal and people would be getting out and about travelling, dinners, shows, etc come hell or high water.

Why we pay these same people excessive salaries and spend massive amounts on institutions that really have no clue what they’re doing is beyond me.

#124 Sail Away on 07.13.22 at 2:10 pm

#95 the Jaguar on 07.12.22 at 11:19 pm

If ever there would be an instrument similar to the Geiger counter ( Geiger-Muller counter), or perhaps an equivalent Richter scale measurement device, but one which would detect and measure wildness in human beings, it would be off the scale when pointed at or zeroed in on Sail Away. I like it. Reassuring in a complex world where common sense and efficiency in all things is fraying at the edges.

——–

Aw shucks. Thanks!