Goldilockenomics

Not too hot. Not too cool. The job numbers out of the US on Friday were just right. Robust (315,000 new hires), but not nuts like July. Wages going up, but less quickly. The unemployment rate historically low but a tad higher. Two conclusions: this ain’t an economy going into recession and just maybe inflation has crested.

At least that’s the way Mr. Market took it. Relief. So out came the green arrows immediately upon the news (before things soured).

Now the jobs report did nothing to change the view interest rates will rise again this month by a half or three-quarters of a point in the States. Our guys do their thing on Wednesday. At this time we have no idea where the cost of money will top out. If Europe will freeze this winter. If Putin’s tired warriors will be defeated. If China will get over its Covid fetish. Or if the latest real estate numbers in Canada are a head fake.

Realtors in Toronto have just reported the price slide of the last five months stabilized in August. Sales were scant (just 5,627 in a region of six million souls). The ratio of sales to new listings rose. The average price stayed north of $1 million, and the number of deals signed was 15% ahead of July’s level.

This comes after a five-month slide that saw the benchmark price of homes dip by the better part of 20% (much more in Bunnypatch), for the most significant decline in 17 years, since that index started.

What gives?

Are buyers starting to see a market bottom and willing to write offers, despite swollen mortgage rates and higher monthly financing costs? Or maybe people are getting used to 5% home loans? Perhaps many worry that 7% mortgages may be here in 2024, so they think biting the bullet now makes sense. Or, perchance, house lust (like love) can only be bottled for so long. Then, eruption.

Beats me. But despite all the reasons to cower in your root cellar (if David Rosenberg and Jeremy Grantham even let you in) things on the Friday of a long weekend in Maple didn’t look so bad.

Ugly recessions do not happen when there are 11,000,000 unfilled jobs in the US or when the unemployment rate’s at a 50-year low. Falling commodity prices even in the face of the Russian energy Lysistrata strategy and a steady healing of the supply chain along with wage-hike moderation suggest inflation may have crested. Ukraine is winning. Corporate earnings have not rolled over. And if consumers and house-buyers can absorb and stomach current interest rates then economic growth can continue – as it is currently in Canada. After all, two-thirds of the whole damn GDP is made up of people buying stuff.

As mentioned, none of this diminishes the rate talk on this blog yesterday. We’re not even close to the end of this tightening cycle and, yes, central banks always win. Never fight the Fed, remember? Those who borrowed too greatly, spent too much, bought excessively and rolled the dice on forever capital appreciation will still be whacked. Real estate values can still soften and, in some places, crumble. This is not a black situation. It’s not white. It’s not boom. Nor is it bust.

The best strategy will come as no surprise. Buy a house if you need one and can afford it. Minimize your debt. Don’t be too hasty to buy anything. Shop around. Go conditional. Get pre-approved now. As for investing, stay B&D. There is no doubt financial assets will surge when (a) CBs hit the top of this cycle, (b) inflation numbers come in soft and (c) Russia agrees to a ceasefire. All of those things are likely to occur. Some are guaranteed.

Now, the long weekend beckons. You know what to do.

About the picture: “I’ve had a German shepherd, husky and golden retriever in the past,” writes Harry, “along with a cat back in the university days.  These days, full attention is to Dashy, a 4 year old Ragdoll who rules the roost… although occasionally allows a little dressup!”

147 comments ↓

#1 Caffeine Monkey on 09.02.22 at 12:54 pm

“What gives?”

Probably a bull trap.

#2 Nat on 09.02.22 at 1:05 pm

Ragdolls are the best cat.

#3 Chameleon on 09.02.22 at 1:10 pm

Not gonna lie to you, this is one serious area of concern I have with cats.

I have two pairs of some really really nice speakers, and I don’t want to know what I would do in my moment of rage if returned home and found my grilles in this state.

Then again, I also don’t know what I would do if a dog chewed up my really really nice shoes, of which I have more than two pairs of.

I’d be curious to know however, what my wife would do if her dog chewed up her really really nice shoes, of which she has more pairs then can be worn out in a lifetime.

And that is why, it is time for a picture of a really really nice chameleon on this blog. They are no danger to speakers or shoes and their arms/feet are nothing short of adorable and work of perfection by Nature God. If I wasn’t a lover of nature and animals, I’d certainly own one.

#4 crowdedelevatorfartz on 09.02.22 at 1:15 pm

That cat is a chair shredder…..

#5 WisdomSeeker on 09.02.22 at 1:16 pm

Wondering if the Team could speak to artificial intelligence when it comes to retirement investing using algorithms

#6 Sail Away on 09.02.22 at 1:23 pm

“Now, the long weekend beckons. You know what to do.”

——–

Yep. Mountain run morning dates at first light with the dogs while our summer guests work through the estate chore list.

Really. They’re lifelong farmers who don’t have the ability to not work. They stayed to watch our kids while my wife and I hiked the West Coast trail several years ago and they chiseled off and rebuilt 2m of brick chimney, ground and repointed the rest and cast a new concrete cap on top. No biggie.

And more fishing. Jigged up three nice springs from the dory last night off Five Fingers. Macdeep, baby. BBQ time.

#7 Felix on 09.02.22 at 1:35 pm

Happy Feline Friday!

Did you know:

Owning a cat can reduce the risk of stroke and heart attack by a third.

The CIA spent US$20 million in the 60s training cats to spy on the Soviets (Dogs were too busy sniffing bums to be of any use defending democracy during the Cold War)

Cats have the cognitive ability to sense a human’s feelings and overall mood.

Cats have 1,000 times more data storage than an iPad

Research has shown that domestic cats never forgive. They fail to show signs of reconciliation like other animals do (Don’t ever mess with us. Got it!?)

#8 Roofer on 09.02.22 at 1:37 pm

I can’t believe how many people fell for the propaganda that rates have peaked. that was the common line over summer. It was all propaganda in Canada by the realtors. We now know BoC/FED rates will likely shoot to 6-7% (at least) over the next 6-12 months.

All the kiddos were set up nicely the last decade or so to fear not debt and maximize the amounts you borrow. DOW, S&P will go down and stabalize after a 50% decline of current level. I can’t see any reason for it to go up.

#9 Don Guillermo on 09.02.22 at 1:52 pm

#6 Felix on 09.02.22 at 1:35 pm
Happy Feline Friday!

Did you know:

Owning a cat can reduce the risk of stroke and heart attack by a third
######
That simplifies things. We each get 3 cats and forget about the broken health system.

#10 Felix on 09.02.22 at 1:54 pm

So be nice to cats. Or you may end up like this chair.

#11 Dragonfly58 on 09.02.22 at 1:58 pm

I may be totally off base, but I strongly suspect that a good chunk of those 11,000,000 unfilled jobs are offering wages that end up at below the poverty line after even the most basic living expenses.

#12 Prince Polo on 09.02.22 at 2:01 pm

Now, the long weekend beckons. You know what to do.

Crack open a Czechvar, Guinness, and Kronenbourg Blanc?

Don’t mind if I do!

#13 Garth vs. 45 on 09.02.22 at 2:04 pm

45’s interest rate prediction of rates heading back ‘towards’ 21% is looking better and better every day.

#14 Tom on 09.02.22 at 2:06 pm

“Buy a house if you need one and can afford it?” Why would anyone be stupid enough to do that now if we’re only in the middle of the interest rate tightening cycle?

#15 Pbrasseur on 09.02.22 at 2:19 pm

“ if consumers and house-buyers can absorb and stomach current interest rates then economic growth can continue – as it is currently in Canada. After all, two-thirds of the whole damn GDP is made up of people buying stuff. Garth”

The only way consumers continue spending like before is by taking on even more debt than before, while their principal asset is losing price value.

How does that work exactly?

#16 Andrewski on 09.02.22 at 2:20 pm

Like Garth wrote, “as for investing, stay B(ound) & D(etermined)”!

#17 Shirl Clarts on 09.02.22 at 2:25 pm

And now the green arrows are all turning red again. Fitting end to the week. I think Dashy jinxed us.

#18 Joseph R. on 09.02.22 at 2:27 pm

10 Felix on 09.02.22 at 1:54 pm
So be friendly to cats. Or you may end up like this chair.

——————————————————

No. I would not tolerate it if my cats we scratching my furniture. Fortunately, I did not have an issue with the cats I had. Catnip sprayed on a scratching post was good enough to prevent the problem from arising.

That said, I also regularly cut their nails. Since I have a lot of carpet at home, I want to prevent injuries due to claws stuck in the rug or carpet and prevent infections when the little one gets too rowdy. I have a 4-year male, a 15-year female, and a 4-month-old.

The 15-year-old does not fight back at the kitten when it gets rowdy. Cutting his nails prevents any infections from happening to the old girl.

#19 Tiff is Full of it like all Govt covidiot bureaucrats on 09.02.22 at 2:27 pm

The Bank of Canada claims it didn’t print cash to finance Justin Trudeau’s deficits.

Fact Check: The Bank’s statement is full of baloney. Here’s why..

Summary: Trudeau issued bonds to pay for his deficits. The Bank of Canada created new money out of thin air to buy hundreds of billions worth of those bonds. That new money, including the new cash they printed, is now in our economy driving up prices.

They absolutely increased the money supply to do so. All forms of money increased – like bank deposits and settlement accounts (and yes, even cash). The supply of money increased as the amount of government bonds the Bank holds increased.

As Trudeau started issuing bonds to pay for his deficits, the Bank of Canada started buying those bonds. Hundreds of billions worth.
·

#20 Comrade on 09.02.22 at 2:35 pm

Those green arrows lasted about half a trading day, and are back to red.

Is this unique time in history where all assets are losing values, or this has happened before? We have gold, real estate, cash, stocks, bonds, … Everything seems to be affected the same, and no safe place to weather the storm.

#21 TurnerNation on 09.02.22 at 2:38 pm

POV: I believe we are in a stealth BULL market for stocks. Mid-caps especially.

Meanwhile Life in Kanda.

— Almost back to normal! SO Close. And, meet the new bosses, same as the old bosses.

.The Public Health Agency of Canada (PHAC) has listed openings for security guards for its “quarantine facilities” in Toronto, York and Halton, Ontario. The job posting was published last week and will close on September 9 (thecountersignal.com)

.Ontario’s new Science Table to launch with 15 core members (cp24.com)

https://www.youtube.com/watch?v=MD-H8BkePRE
“Liberal MP for Windsor-Tecumseh Irek Kusmierczyk gets a hostile reception outside Tecumseh Town hall (Ontario) on monday Aug 22nd. He was attempting to announce the construction of a $28 million dollar local covid internment camp.”

https://emploisfp-psjobs.cfp-psc.gc.ca/psrs-srfp/applicant/page1800?poster=1800552
Seeking Registered Nurses for Quarantine Officer positions
Public Health Agency of Canada
Various Locations across Canada including Ports of Entry across Canada

#22 Quintilian on 09.02.22 at 2:42 pm

“As mentioned, none of this diminishes the rate talk on this blog yesterday. We’re not even close to the end of this tightening cycle and, yes, central banks always win. Never fight the Fed, remember?”

For sure, but now that the Greenspan Put has finally been given the death sentence, is there not a lot more pain coming, or you suggesting there will be a stay of execution?

And therefore, the CB’s revert back to support the market with artificially low rates?

You can’t have rising rates to kill inflation, and not impact profits and the real economy and also not adversely affect financial assets.

Achieving laser precision, with blunt CB’s tools is impossible.

#23 PBrasseur on 09.02.22 at 2:51 pm

There hasn’t been per capital economic growth in Canada for most of the passed 10 years, only massive immigration allowed us to get the necessary nominal growth to avoid recession and that was possible only with a massive debt binge.

When it comes to debt which drove real estate to insane prices and allowed millions to use their homes as money printing machine, we can safely say we are near the limits of this scheme.

As for massive immigration it comes with many problems as well, such as pressures on all kinds of services, for example health care, which I crumbling all over the country, not to mention pressures on housing and much more. Integration would quickly become even much more difficult with a recession. In short the current level on immigration is likely unsustainable.

#24 John Mitchell on 09.02.22 at 2:55 pm

Wisdom Seeker: “Wondering if the Team could speak to artificial intelligence…”

Here is the slow transformation of Man to machine by A.I.

https://www.youtube.com/watch?v=0VUyoKM1Cyc&list=RDMM0VUyoKM1Cyc&start_radio=1

#25 Ponzius Pilatus on 09.02.22 at 3:06 pm

177 Felix on 09.02.22 at 1:29 pm
Happy Feline Friday!

Did you know:

Owning a cat can reduce the risk of stroke and heart attack by a third.

The CIA spent US$20 million in the 60s training cats to spy on the Soviets (Dogs were too busy sniffing bums to be of any use defending democracy during the Cold War)

Cats have the cognitive ability to sense a human’s feelings and overall mood.
——————-
As a cat owner, I can attest to the validity of the above statements.
Even Garth is coming around, it seems.
Or is just running out of dog pictures.

#26 Ponzius Pilatus on 09.02.22 at 3:10 pm

#9 Don Guillermo on 09.02.22 at 1:52 pm
#6 Felix on 09.02.22 at 1:35 pm
Happy Feline Friday!

Did you know:

Owning a cat can reduce the risk of stroke and heart attack by a third
######
That simplifies things. We each get 3 cats and forget about the broken health system.
—————————-
You’d think with a 13 billion surplus, the Albertans could put some money into the their “broken health system”.

#27 Ponnaps on 09.02.22 at 3:12 pm

“What gives?”

Just a dead cat bounce. No coincidence you posted a feline pic for today..

#28 ElGatoNeroYVR on 09.02.22 at 3:12 pm

Everyone who is familiar with how polical game is played in monoparty countries like China understands this is not about Zero Covid. It is about keeping your politcal adversaries at bay untill your faction gets reelected.
Coming October one way or the other this Zero Covid will end and the flow of goods will restart in a few months slaying this runoff inflation .
Let me ealborate a bit as I have lived in that system so I can simplify.
Here in the West we call them Political Parties, in China they are called party factions.
Here in the West we have universal elections of people that each party puts forward. In China local representatives get elected by party members (anyone in good standing can be a party memmber) who in turn align themselves to various competing factions and represent local interests . All is done within and there are all sorts of negotiations happening behind scenes.While it looks united it takes a lot of compromise to get to that one public front.
While the above is oversimplistic, either way the 0 Covid is all about Xi getting reelected.
Despair not , once the Chinese products and people start flowing again over the closed now borders we can kickstart another glorious market cycle and maybe even stage a bit of an RE comeback.

#29 RG on 09.02.22 at 3:16 pm

A note from the B&D investing front. Most of my portfolio is allocated according to the Greater Fool mix of CAN/US/Int’l equities, preferreds, and fixed income, with some US hedged. The simple P/L of this portion of my investments is -6% and I anticipate recovering all of this sooner than later.

I have a small amount in XBAL, purchased over the same time frame, and it is down -12%.

S&P500 is -17.89% YTD.

#30 Yukon Elvis on 09.02.22 at 3:22 pm

The Kyiv Independent

@KyivIndependent
·
1h
⚡️ Russia halts gas supplies via Nord Stream 1 pipeline indefinitely.

Russian gas giant Gazprom said the decision to stop the transit of gas to Western Europe is due to equipment issues, citing a gas leak that “does not allow the gas turbine engine to be operated safely.”

#31 Yorkville Renter on 09.02.22 at 3:23 pm

I’m calling a bull-trap or people getting in before their rate holds expire.

Either way, much too early to move on RE

#32 The joy of steerage on 09.02.22 at 3:24 pm

Eh, the US market is down for the day…

#33 Is anybody listening? on 09.02.22 at 3:29 pm

DELETED (Anti-vaccine)

#34 Drill Baby Drill on 09.02.22 at 3:29 pm

Enough of the feline photo’s. I am going to catch cat scratch fever.

#35 Ustabe on 09.02.22 at 3:33 pm

Cats scratch furniture like that because they are trying to get their claws under control. The claws grow and an outdoor cat will naturally wear them down but a lazy cat or a indoor cat will have to deal with it…indoors.

Solution is a $5 claw nipper and a few moments clipping. If you haven’t socialized your cat or dog to having feet and toes handled, well that is on you.

Do not clip too much all at once. There will be blood and a pissed off animal.

#36 Big Bucks on 09.02.22 at 3:53 pm

Look out below
100 bps next week
100 bps in October
100 bps in December

All this talk of a hard landing is hilarious—Our economy was never guns a blazing –it was RE juiced with free money.Not hard just a landing and sooner the better and faster we come out—why drag it out and let it become entrenched?

#37 PeterfromCalgary on 09.02.22 at 4:06 pm

China has a real problem with Covid. Two things are making in more dangerous there. They didn’t use the best vaccine and old folks who grew up during the cultural revolution are not getting vaccinated.

I suspect growing up during the cultural revolution makes people less trustful of government and medical advice.

All of the above is why I think life will not get back to normal in China for a while.

#38 Blair on 09.02.22 at 4:23 pm

Re #89 Ustabe 09.01.22 Message received and ignored.

#39 cuke and tomato picker on 09.02.22 at 4:35 pm

Green arrows? The Dow was down 337 today and Dow futures are down 298.

As stated, green arrows on the employment news. – Garth

#40 PBrasseur on 09.02.22 at 4:39 pm

@19 ElGatoNeroYVR

No way, China will not save the west this time with ever lower prices.

It’s economy is in trouble, not just because of Covid, their massive RE bubble is popping, and the demographics no longer support growth in the sector that makes 30% of the economy. As if this is not enough foreign investors and companies have lost some confidence and are reallocating resources out of the country, companies are leaving in droves.

Lower growth, if any, is the future for China and don’t ever again count of massive surpluses to compensate (buying our debts) our own lack of productivity.

#41 Broader Mind on 09.02.22 at 4:45 pm

A couple of months ago you could get 17 pesos for a Canadian $ then 16 and now 15. Of course the Mexican bank rate is 8.5%. Parity soon if we don’t start raising our rates . Garth will soon advise to buy pesos .

#42 Don Guillermo on 09.02.22 at 4:54 pm

#17 Ponzius Pilatus on 09.02.22 at 3:10 pm
#9 Don Guillermo on 09.02.22 at 1:52 pm
#6 Felix on 09.02.22 at 1:35 pm
Happy Feline Friday!

Did you know:

Owning a cat can reduce the risk of stroke and heart attack by a third
######
That simplifies things. We each get 3 cats and forget about the broken health system.
—————————-
You’d think with a 13 billion surplus, the Albertans could put some money into the their “broken health system”.
@@@@@@@@
As long as people keep thinking it’s a money problem it will never improve. Go back and read WTFs #175 post from yesterday and think about it. I know you like to stir things up and joke around once in awhile and that’s great but this is probably the biggest concern in Canada and it needs serious attention.

#43 Yukon Elvis on 09.02.22 at 5:00 pm

#23 PBrasseur on 09.02.22 at 2:51 pm
There hasn’t been per capital economic growth in Canada for most of the passed 10 years, only massive immigration allowed us to get the necessary nominal growth to avoid recession and that was possible only with a massive debt binge.

When it comes to debt which drove real estate to insane prices and allowed millions to use their homes as money printing machine, we can safely say we are near the limits of this scheme.

As for massive immigration it comes with many problems as well, such as pressures on all kinds of services, for example health care, which I crumbling all over the country, not to mention pressures on housing and much more. Integration would quickly become even much more difficult with a recession. In short the current level on immigration is likely unsustainable.
+++++++++++++++++
Nailed it. Give this man a cigar.

Blame newcomers for problems we created. Very classy, guys. Keep up the bigotry. – Garth

#44 Nonplused on 09.02.22 at 5:04 pm

As long as oil & gas prices stay reasonably high the Canadian economy should be ok. The oil & gas revenue doesn’t just produce surpluses in Alberta. The Canadian government also receives royalties, and taxes the incomes of O&G companies and employees. And O&G is largely the reason behind transfer payments being as they are.

Of course the Federal deficit is too large for it to actually go into surplus based on O&G revenues, but it helps keep the deficit down.

Then there are all the trickle down industries that thrive when you have a large export based industry doing well. The O&G employees find ways to spend their money on all the other goods and services Canadians produce.

But I guess that’s all got to go, due to some sort of climate emergency. The theory being that it is better to burn your furniture and the forests to keep warm, blend all the birds into paste, pave over large fields with glass, dig huge polluting lithium mines, and fill up the landfills with spent carbon fiber blades than have the temperature increase by 1 degrees over 80 years. And of course that forecast assumes Gen IV nuclear isn’t going to work, in which case the problem will go away on its own.

———————————–

#17 Ponzius Pilatus on 09.02.22 at 3:10 pm

“You’d think with a 13 billion surplus, the Albertans could put some money into the their “broken health system”.”

The surpluses never seem to last. And the oil and gas certainly won’t, not forever anyway. Our grandchildren will have the oils sands, and that’s about it. Everything between the Montana boarder and Grand Prairie is largely exhausted already. However new spending never goes away.

Where were the calls to defund healthcare when Alberta was running deficits? We can’t even get out of transfer payments when Alberta is in deficit due to the whacky formula. As the sun sets on the Alberta O&G industry, as it will eventually (whether due to depletion, competition from nuclear, or because Trudeau kills it prematurely), even the current levels of spending in Alberta (and indeed all of Canada) are unsustainable.

Oil & gas exports to the US are what made the socialist experiment called Canada feasible. Same as how Norway works. Same as how the USSR worked, while it lasted.

#45 Victor Llearna on 09.02.22 at 5:05 pm

USA market crapped its pants after lunch. I wonder if the ATH around 4,800 for the S&P will be the forever high?
The way woke govts run economies maybe that was the peak.

The Dow was down 1%. Get a grip. – Garth

#46 SW on 09.02.22 at 5:16 pm

These are confused markets and churning traders into bits. Just algos going wild.

I’m curious to see where oil goes once the SPR release stops in a couple months. I bet much higher and so follows inflation.

#47 NOSTRADAMUS on 09.02.22 at 5:18 pm

THE ONLY HITCH IN THE GIDDY UP!
For those who look beyond North America it is well reported that Europe has announced they are in a recession. Now with Putin cutting off the gas flow, its going to be a bit nippy this winter. I could be wrong, but the last I heard, Germany, being the industrial heart of Europe relies heavily on Russian gas to keep their factories running. Without gas, the engine will sputter and stop. This will understandably lead to mass layoffs throughout Europe. To top it all off Inflation is heading well north of 10%. For the people living in Europe there is no Goldilock-Economics to brag about.
Next on my vacation list ,China. Hmmm not looking so great, real estate values in free fall. Major developers are declaring bankruptcy right left and Centre. The last time the world got in trouble China bailed it out. This will not be happening this time around. China does not have the finances to be buying commodities world wide. This does not bode well for resource rich country’s such as Canada,( the land of the bold and free.) For the people living in China there is no Goldilock- Economics to brag about.
Nine months ago I cautioned about the real estate situation in China and how it will have world wide ramification’s . This was dismissed as a nothing burger. Hmmm. History has a nasty habit of repeating itself. The reality is, the majority of recessions begin with the
sharp decline in real estate valuations. China was the canary in the coal mine. I am sorry to spoil the long weekend but don’t be in a big hurry to bet on Canada and the Goldilock- Economy lasting. Recession, stage left. Finally the voice of reason.

#48 TurnerNation on 09.02.22 at 5:22 pm

Sticking with my many predictions like below. Note that this was before the rate hikes this year.

#3 TurnerNation on 11.24.21 at 3:02 pm
Next step of the Reset? I’m still expecting a severe consumer recession 2023-24. The trap is sprung.

#27 TurnerNation on 01.01.22 at 3:41 pm
Don’t take my word for it. Kanada is done for.
Still predicting a massive Consumer-led recession in 2023-24.

———
It was clear. Just always take what our rulers tell us and flip it 180 degrees to make sense. “Minister of Middle Class Prosperity”? I don’t think so.
It’s always been this way.
SAY anyone recall that “War to end all Wars”, WW1? Fool me once.

——- Just another day in the Former First World Countries. Get out your wartime ration cards again Comrade!

.BC: A statement from the Liquor Distribution Branch (LDB) said customers will be able to buy no more than three of any individual item each day, based on barcode. For example, someone could buy three bottles one wine and three bottles of another, but not six of the same. (cbc.ca)

.California grid operators warned residents to prepare for voluntary energy cuts and other emergency measures, such as turning down the air conditioning and forgoing electric vehicle charges, as the state braces for a period of excessive heat expected to last through Tuesday. (washingtonexaminer.com)

#49 the Jaguar on 09.02.22 at 5:32 pm

Though Dashy presents a relaxed pose, I notice his ears are drawn back. Perhaps he just heard something that doesn’t quite fit with his preferred outlook on the world these days. Tribal loyalty and wishful thinking are running rampant everywhere one looks. I can’t disparage that, but none of the smoke signals I am reading support it either. Too each their own thoughts.

Guess we’ll find out soon enough as the fall months cool the earth and destiny is played out. Stay informed and keep your powder dry seems like a solid plan.

#50 tkid on 09.02.22 at 5:33 pm

I went conditional on a condo offer. No status certificate available for 10 days. Sellers are highly offended that I’d need to have a lawyer do a review of the thing.

I am left wondering what are they hiding in the certificate and how do I break the bad news to the realtor.

#51 Inflation Time on 09.02.22 at 5:33 pm

“It’s not a boom it’s not a bust”, prices in North York, Richmond Hill, Etobicoke and East York have not moved down at all, sales are down, but the asking prices are still what the market was asking in March of 2022, it does not matter in the end if prices are down in Bradford, Peterborough and Cambridge, this is not the majority of the market or where people who work in the GTA want to live, the real decline has not started yet as much as you are usually right on the markets, I will take the under on this being a good time to buy a house, still most parts of the GTA are not affordable for the majority.

Look at sale prices, not asking. Two different stories. – Garth

#52 Steven Rowlandson on 09.02.22 at 5:34 pm

The downside to 11,000,000 unfilled jobs is that finding qualified workers with fully paid for homes and are willing to work for market wages which is nothing might not be as easy as it seems…. In fact it might be easier said than done.

#53 the Jaguar on 09.02.22 at 5:34 pm

Oh. And I just read that Gazprom has a turbine failure. Probably just a minor issue…

#54 Franco on 09.02.22 at 5:38 pm

House prices rise, then retreat and then rise again, same thing with the stock market. I am more concerned about the stock market than house prices, since I am in my mid sixties and just lost way too much money on the stock market, at least on paper so far.

Then you have too much equity exposure. – Garth

#55 islander on 09.02.22 at 5:45 pm

https://www.bbc.com/future/article/20191024-why-do-we-think-cats-are-unfriendly

Hi to Felix and all you other “friends of the cat”(or not).

#56 Yukon Elvis on 09.02.22 at 5:48 pm

#43 Yukon Elvis on 09.02.22 at 5:00 pm
#23 PBrasseur on 09.02.22 at 2:51 pm
There hasn’t been per capital economic growth in Canada for most of the passed 10 years, only massive immigration allowed us to get the necessary nominal growth to avoid recession and that was possible only with a massive debt binge.

When it comes to debt which drove real estate to insane prices and allowed millions to use their homes as money printing machine, we can safely say we are near the limits of this scheme.

As for massive immigration it comes with many problems as well, such as pressures on all kinds of services, for example health care, which I crumbling all over the country, not to mention pressures on housing and much more. Integration would quickly become even much more difficult with a recession. In short the current level on immigration is likely unsustainable.
+++++++++++++++++
Nailed it. Give this man a cigar.

Blame newcomers for problems we created. Very classy, guys. Keep up the bigotry. – Garth
++++++++++++++++++
As our population grows by whatever means we should grow our infrastructure at the same rate. We just have not grown our health care system enough to keep up. People can’t find a family doctor. Shortages of doctors, nurses, hospitals and surgery wait times are obvious proof of this. Six week waiting list for ultrasound and xrays where i live. Guy i know had a heart attack on Aug20, called an ambulance in the middle of the night, the ambulance didn’t come. Forty minutes later he cancelled the ambulance and decided to call a taxi. Pathetic health care system is overwhelmed.

And no newcomer did that. But they are willing to work, pay taxes and help fund retired, non-productive people like you. Give some thanks for that. – Garth

#57 Wrk.dover on 09.02.22 at 6:00 pm

#12 Prince Polo on 09.02.22 at 2:01 pm
Now, the long weekend beckons. You know what to do
______________________________________

The pallet of booze I stock piled to compensate the covid taxes hikes I anticipated is pretty intimidating, but I’m on it! The Boyz on Wall St. should try Friday afternoons off too. Then we would still be gain.

#58 yvr_lurker on 09.02.22 at 6:02 pm

#37
China has a real problem with Covid. Two things are making in more dangerous there. They didn’t use the best vaccine and old folks who grew up during the cultural revolution are not getting vaccinated.

I suspect growing up during the cultural revolution makes people less trustful of government and medical advice.

All of the above is why I think life will not get back to normal in China for a while.
—–

Exactly my thoughts. If the Gov’t lets COVID run unchecked there will be likely many deaths as the vaccines that were used in China likely are not nearly as good as what we have had. Many will not take boosters/vaccines to begin with. For China this COVID issue will not go away soon, and it will have lingering affects on the global supply chain.

#59 Wrk.dover on 09.02.22 at 6:09 pm

#54 Franco on 09.02.22 at 5:38 pm
I am more concerned about the stock market than house prices, since I am in my mid sixties and just lost way too much money on the stock market, at least on paper so far.

Then you have too much equity exposure. – Garth
______________________________

Bask in the dividends. Works for me. (you do buy 90% of stuff that pays, right?)

#60 Yukon Elvis on 09.02.22 at 6:14 pm

#56 Yukon Elvis on 09.02.22 at 5:48 pm
#43 Yukon Elvis on 09.02.22 at 5:00 pm
#23 PBrasseur on 09.02.22 at 2:51 pm
There hasn’t been per capital economic growth in Canada for most of the passed 10 years, only massive immigration allowed us to get the necessary nominal growth to avoid recession and that was possible only with a massive debt binge.

When it comes to debt which drove real estate to insane prices and allowed millions to use their homes as money printing machine, we can safely say we are near the limits of this scheme.

As for massive immigration it comes with many problems as well, such as pressures on all kinds of services, for example health care, which I crumbling all over the country, not to mention pressures on housing and much more. Integration would quickly become even much more difficult with a recession. In short the current level on immigration is likely unsustainable.
+++++++++++++++++
Nailed it. Give this man a cigar.

Blame newcomers for problems we created. Very classy, guys. Keep up the bigotry. – Garth
++++++++++++++++++
As our population grows by whatever means we should grow our infrastructure at the same rate. We just have not grown our health care system enough to keep up. People can’t find a family doctor. Shortages of doctors, nurses, hospitals and surgery wait times are obvious proof of this. Six week waiting list for ultrasound and xrays where i live. Guy i know had a heart attack on Aug20, called an ambulance in the middle of the night, the ambulance didn’t come. Forty minutes later he cancelled the ambulance and decided to call a taxi. Pathetic health care system is overwhelmed.

And no newcomer did that. But they are willing to work, pay taxes and help fund retired, non-productive people like you. Give some thanks for that. – Garth
+++++++
We know that no newcomer did that. It was us. And i am thankful that people pay taxes like i did for 45 years. And i also realize that is is more important for you to display your virtue and confront reality. No problem. Carry on.

As expected. – Garth

#61 The General on 09.02.22 at 6:40 pm

Why does the west think it speaks for the other 7 billion souls on this planet? According to their liberal rules based order, everyone else is beholden to bend to the golden billion, and their top down corrupted system. Finally, someone has stood up to the bullies: V. I. Putin. Otherwise known as the Empire of Lies, the west’s death throes are more evident with each passing day. Is Europe the real target here, as there will soon be pennies on the dollar bargains to scoop up very soon? And with critically depleted weapons stocks, the Europeans are now defenseless also. Who benefits from all the hubris? Not people-kind.

#62 PeterfromCalgary on 09.02.22 at 6:41 pm

In the good news department. California did something sane. Law makers agreed to keep The Diablo Canyon Nuclear plant open until 2030 instead of closing it by 2025.

California tends to start trends. If a trend to energy sanity happens before everybody freezes or cooks in the dark that would be great!

#63 Ponzius Pilatus on 09.02.22 at 6:43 pm

42 Don Guillermo on 09.02.22 at 4:54 pm
#17 Ponzius Pilatus on 09.02.22 at 3:10 pm
#9 Don Guillermo on 09.02.22 at 1:52 pm
#6 Felix on 09.02.22 at 1:35 pm
Happy Feline Friday!

Did you know:

Owning a cat can reduce the risk of stroke and heart attack by a third
######
That simplifies things. We each get 3 cats and forget about the broken health system.
—————————-
You’d think with a 13 billion surplus, the Albertans could put some money into the their “broken health system”.
@@@@@@@@
As long as people keep thinking it’s a money problem it will never improve. Go back and read WTFs #175 post from yesterday and think about it. I know you like to stir things up and joke around once in awhile and that’s great but this is probably the biggest concern in Canada and it needs serious attention.
——————————————-
Well,
You were talking about a “broken health system”.
It’s mostly old farts who have that opinion.
For the young ones , the issues are mostly cost of education and accommodation.
A Prime Minister is not just a Prime Minister for the old.
And as I always say, no problem with complaining.
As long as one have some answers.
And solutions should be more precisely articulated, than just saying let’s copy the American system.
As for joking around and stirring the pot:
Sarcasm is sometimes the only way to deal with people who obviously have a one way street mind.
I’ve been a Sozi all my adult life.
It just fits my Weltanschauung.
I lived through many years of conservative governments.
I survived.
That’s democracy.
Wait your turn.

#64 ogdoad on 09.02.22 at 6:45 pm

The long weekend beckons, eh?

I just said goodbye to BabyBlues’s…probably for ever. What am I going to do? Ball my eyes out, hug everything that moves then ride it all out on the new V-Star….

You?

Og

#65 Ponzius Pilatus on 09.02.22 at 6:55 pm

#53 the Jaguar on 09.02.22 at 5:34 pm
Oh. And I just read that Gazprom has a turbine failure. Probably just a minor issue…
—————————
Anytime I hear Gazprom, Putin on “Spikes” Ukraine wining, Russia advancing, Selensky for Peace Prize, Oligarch yachts and defenestration, sanctions working -not working etc.
I just turn off.
And go for a walk.

#66 Shawn on 09.02.22 at 7:01 pm

Understanding the Alberta Surplus

#26 Ponzius Pilatus on 09.02.22 at 3:10 pm
#9 Don Guillermo on 09.02.22 at 1:52 pm
#6 Felix on 09.02.22 at 1:35 pm
Happy Feline Friday!

Did you know:

Owning a cat can reduce the risk of stroke and heart attack by a third
######
That simplifies things. We each get 3 cats and forget about the broken health system.
—————————-
You’d think with a 13 billion surplus, the Albertans could put some money into the their “broken health system”.

******************************
So Surplus (or deficit) = Revenues minus Expenses.

If we upped projected spending then the surplus has to come down. You can’t spend a surplus in the year it is generated or it is no longer a surplus.

The surplus was largely generated by oil and gas but also by keeping a lid on spending.

#67 Shawn on 09.02.22 at 7:07 pm

Who gets oil and gas royalties? (Not the federal government)

#44 Nonplused on 09.02.22 at 5:04 pm

As long as oil & gas prices stay reasonably high the Canadian economy should be ok. The oil & gas revenue doesn’t just produce surpluses in Alberta. The Canadian government also receives royalties, and taxes the incomes of O&G companies and employees. And O&G is largely the reason behind transfer payments being as they are.

***************************
Just one quibble although most of what you say is true.

The feds to my knowledge receive zero royalties from oil and gas. Resources are provincially owned and so the provinces and I imagine even the territories charge and receive royalties. The provinces also typically auction off exploration rights and Alberta has gotten huge revenues that way in addition to royalties and provincial income tax.

The federal government gets income taxes from both the oil and gas companies and the workers as you say. But no royalties. (Hmmm maybe we ought to give them the right to collect a bit of royalties and then they might support the industry.)

#68 millmech on 09.02.22 at 7:25 pm

#6 Sail Away
Did you get in on Addentax on Wednesday at all?
It was a great little kicker for the day.

#69 Amanda on 09.02.22 at 7:32 pm

What are the predictions for oil?

A tiny country named Guyana is planning to export 1.2 million barrels of oil daily five years from now.

The oil basin might contain at least 200 billion barrels of light, sweet crude.

Exxon Mobil has been on a discovering spree discovering at least 15 billion barrels of oil and gas equivalent to date.

#70 That 70s Economy on 09.02.22 at 7:39 pm

Whatever happened to voodoo economics? Btw, very possible we could be in for a decade of pain Fasten ur seatbelts folks, she’s gonna be a bumpy ride. May need to dig out ur platform shoes and bell bottoms

https://www.cnbc.com/2022/09/02/1970s-inflation-historian-niall-ferguson-has-a-warning-for-investors.html

#71 Faron on 09.02.22 at 7:50 pm

#60 Yukon Elvis on 09.02.22 at 6:14 pm
#56 Yukon Elvis on 09.02.22 at 5:48 pm
#43 Yukon Elvis on 09.02.22 at 5:00 pm
#23 PBrasseur on 09.02.22 at 2:51 pm

As expected. – Garth

Unsurprisingly, Yukon Elvis and PBrasseur can’t seem the grasp that immigration is needed in a country like ours with a low birth rate, massive vacancy rate and boisterous inflation. The I creased tax revenues for propping up services are just a bonus.

#72 The Woosh on 09.02.22 at 7:51 pm

#27 Ponnaps on 09.02.22 at 3:12 pm
“What gives?”

Just a dead cat bounce. No coincidence you posted a feline pic for today..

————————————————

Agreed…thought the same thing for housing and the stock market. Gird your loins!

#73 Brett F on 09.02.22 at 7:52 pm

Amanda here in Canada we have a prediction from the Newfoundland government that offshore Newfoundland may contain 50 billion barrels of oil or more.

These large balling numbers are meant to psychologically inflate stock prices and bring in investment.

I just checked the current oil production stats in Guyana. It is currently producing 360,000 barrels of oil a day: A drop in the bucket to oil prices.

Guyana is not a member of OPEC so oil prices may be influenced when Guyana starts hitting the one million barrel a day mark, but my spidey senses tell me that civil unrest in Guyana will be more in the news than oil prices.

#74 Mattl on 09.02.22 at 8:03 pm

Returns when accounting for inflation are pretty bad YTD. B&D when accounting for inflation is 16-18% down with likely lots more to go. GFC inflation adjusted was what, 25% for a B&D during the GF? Getting pretty close.

All equity port adjusted, almost 25% already. GFC I think was around 40% (US/CAD exposure).

Feels like we are on a slow melt to 2009 levels of performance and we haven’t even hit the panic stage yet.

Strange times; full employment, economy stagnant / contracting, RE crashing, wild inflation. Fascinating times.

#75 the jaguar on 09.02.22 at 8:05 pm

@65 Ponzi.
Excellent. Nothing better for your health and clearing the mind than a walk. The weather on the BC coast is always ‘Gemutlichkeit’ at this time of year. Spelling might be off on that expression. :)

#76 DON on 09.02.22 at 8:07 pm

#65 Ponzius Pilatus on 09.02.22 at 6:55 pm
#53 the Jaguar on 09.02.22 at 5:34 pm
Oh. And I just read that Gazprom has a turbine failure. Probably just a minor issue…
—————————
Anytime I hear Gazprom, Putin on “Spikes” Ukraine wining, Russia advancing, Selensky for Peace Prize, Oligarch yachts and defenestration, sanctions working -not working etc.
I just turn off.
And go for a walk.

******
I hear yah. As much as I want to know the play by play history unfolding…walking sounds like time well spent.

#77 Look yourself in the mirror on 09.02.22 at 8:14 pm

FARON #139. Sept 1/22

To wit: had a great time last night with a group of friends taking in the Victoria Fringe (a show about sexist heckling aimed at older women) then retired to a bar for drinks n snax then to the beach for an icy, bioluminescent dip. Polished it off by checking in on a cat I’m watching while another friend is on vacay.

^^^^^^

you forgot to mention an important segment of your (daily) itinerary.

…your 2-hour psychotherapy session on a pink vinyl couch downtown.

#78 Faron on 09.02.22 at 8:32 pm

I’ve been struggling lately. I’m not getting the information that I need here. Yes, right wing tropes spring forth like a punctured city sewer main. But the content in comments is direly lacking. I’ve been giving this a lot of though and realized what the problem is. We are being denied information and only one person can help us. I feel like I am brave enough to ask for the remedy so I’ll do it now:

Sail Away! Could you, would you, I am begging you: tell us your weight. Preferably to the nearest milligram. I, nay, we need this knowledge, this anchoring piece of data, this gravitational centre for our lives to revolve around. Only you can help. You are our only hope. Please, for the second time, I’m begging you.

God bless you

#79 DON on 09.02.22 at 8:37 pm

#61 The General on 09.02.22 at 6:40 pm

Is Europe the real target here, as there will soon be pennies on the dollar bargains to scoop up very soon? And with critically depleted weapons stocks, the Europeans are now defenseless also. Who benefits from all the hubris? Not people-kind.

*******
With the heavy propaganda on all sides who knows, this could be a strategy of some sorts. Appear weak or vulnerable to your enemy, let them underestimate your side…

Time gor a walk.

#80 DON on 09.02.22 at 8:44 pm

#61 The General on 09.02.22 at 6:40 pm
Why does the west think it speaks for the other 7 billion souls on this planet? According to their liberal rules based order, everyone else is beholden to bend to the golden billion, and their top down corrupted system. Finally, someone has stood up to the bullies: V. I. Putin. Otherwise known as the Empire of Lies, the west’s death throes are more evident with each passing day. Is Europe the real target here, as there will soon be pennies on the dollar bargains to scoop up very soon? And with critically depleted weapons stocks, the Europeans are now defenseless also. Who benefits from all the hubris? Not people-kind.
*****

Gentlemen don’t discuss their weight. No need to go down that road. A walk is way better or a run up the hill. Cheers!

#81 DON on 09.02.22 at 8:56 pm

Oops sorry General my gentlemen weight comment was for Faron, trying to stop a blog war from erupting from the current peace accord.

Last comment Garth. Cheers!

#82 Flop… on 09.02.22 at 9:10 pm

Flop Drops.

“Look at sale prices, not asking. Two different stories. – Garth”

The Bruce Springsteen of this blog told someone earlier today to focus on one aspect, and ignore another.

Let’s use this case as a demonstration in Burnaby.

On Zolo the lowest listed detached house is 1.35

Let’s see where the bottom really is.

The details…

5349 Keith St, Burnaby.

Asking 1.49

Assessment 1.54

Just sold for 1.2

https://www.zealty.ca/mls-R2712195/5349-KEITH-STREET-Burnaby-BC/

So very bottom rung of the detached market and there’s a 300k spread between asked and received.

That’s why I always ask for 3 scoops of Icecream, when I know I’m only going to get 2…

M48BC

#83 Faron on 09.02.22 at 9:10 pm

#65 Faron on 09.01.22 at 5:11 pm
#50 Sail Away on 09.01.22 at 4:11 pm
#27 Flop… on 09.01.22 at 3:15 pm

…other newly minted trolls/screen names will get really vile when anything remotely liberal is written here…

See, we already have examples:

#166 Simplistic Reduction… on 09.02.22 at 11:17 am
#77 Look yourself in the mirror on 09.02.22 at 8:14 pm

Then we have this guy:

#61 The General on 09.02.22 at 6:40 pm

who is a longtime troll who has only pointed his noodle gun at me a few times.

But, of course, the lovers of logic and reason and truth and discussion would never call them out. In fact, they will claim that the radical, violent left are the baddies. Doublespeak is awesome, no?

#84 Shawn on 09.02.22 at 9:11 pm

What inflation?

Ice cream cones are on for just $1.00 at McDonald’s. Plus a nickel tax in Alberta.

#85 Oh man it's nice .... on 09.02.22 at 9:17 pm

Without the millenium goofus … and a long weekend to boot. Count our blessings …

#86 IHCTD9 on 09.02.22 at 9:18 pm

#35 Ustabe on 09.02.22 at 3:33 pm
Cats scratch furniture like that because they are trying to get their claws under control. The claws grow and an outdoor cat will naturally wear them down but a lazy cat or a indoor cat will have to deal with it…indoors.

Solution is a $5 claw nipper and a few moments clipping. If you haven’t socialized your cat or dog to having feet and toes handled, well that is on you.

Do not clip too much all at once. There will be blood and a pissed off animal.
——

Our male tabby was good and pissed for years at nail clipping time, no matter how much came off. Two person job, especially the back feet. We eventually tamed the beast with lots of happy talk and a bag of special cat treats that he received *only* at clipping time. These days he comes willingly, although still not happy about what is to come – just for those kitty treats. Cats seem to have learned through evolutionary processes that an injured foot is very bad news. It’s a tough reflex to overcome.

Truth be told though, clipped nails still shred furniture, consistent rebuke is required. We got lucky with ours, he caught on quick. He’s got 4 places in the house where he can shred, and seems to be content with that.

#87 Doug t on 09.02.22 at 9:22 pm

WOW more then ever the comment section is sounding like a Soup Opera – PEOPLE BUILD A BRIDGE AND GET OVER YOURSELVES

#88 Steven Rowlandson on 09.02.22 at 9:29 pm

Like it or not Roofer the math says the BOC rate could go to 10.6% at this time. Now the question is does the BOC follow the Taylor rule? Or do they just follow other central banks that do? If they don’t are they being stupid or following orders not to apply the Taylor rule and follow a political agenda instead. Math is a science and what people call money is just numbers denominating debt which also is just a number.

#89 Flop… on 09.02.22 at 9:34 pm

#83 Faron on 09.02.22 at 9:10 pm
#65 Faron on 09.01.22 at 5:11 pm
#50 Sail Away on 09.01.22 at 4:11 pm
#27 Flop… on 09.01.22 at 3:15 pm

…other newly minted trolls/screen names will get really vile when anything remotely liberal is written here…

See, we already have examples:

#166 Simplistic Reduction… on 09.02.22 at 11:17 am
#77 Look yourself in the mirror on 09.02.22 at 8:14 pm

Then we have this guy:

#61 The General on 09.02.22 at 6:40 pm

who is a longtime troll who has only pointed his noodle gun at me a few times.

But, of course, the lovers of logic and reason and truth and discussion would never call them out. In fact, they will claim that the radical, violent left are the baddies. Doublespeak is awesome, no?

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

Not sure how I ended up being linked to that cast of characters.

Am I being canceled right now?

They said it would be more painful than this…

M48BC

#90 PBrasseur on 09.02.22 at 9:35 pm

Question the benefits vs inconveniences of massive immigration (proportionally more entries than any other country on earth, by a mile) no discussion, no debate possible before you get labeled a bigot, when not worse.

Still wonder why this country is so screwed?

Ponder that next time you or someone close to you ends up in a filthy hospital that looks more like a zoo!

#91 crowdedelevatorfartz on 09.02.22 at 9:36 pm

@#61 General Mayhem
“Finally, someone has stood up to the bullies: V. I. Putin. ”

+++
The endless Vladimir Putrid cheer grows tiresome.
Why waste your Russian Rubles here?
Perhaps you should share you views at any Ukrainian Cultural Center anywhere in Canada?

P.S.
Wear a helmet.

#92 crowdedelevatorfartz on 09.02.22 at 9:42 pm

@#78 Faron
“I’ve been struggling lately. I’m not getting the information that I need here.”
+++

Perhaps you should hold a mirror up to the comments and agree with everything “Faron” says.

#93 Tweety boid on 09.02.22 at 9:42 pm

Why only pix of cats and dogs ..why no pictures of budgies or hamsters? This is not very inclusive!

#94 crowdedelevatorfartz on 09.02.22 at 9:44 pm

@#82 Flop
“That’s why I always ask for 3 scoops of Icecream, when I know I’m only going to get 2…”

+++
Ahhh
But when you ask for three scoops and get two…..and only pay for one……

THAT is when we will know …
The Realtors are scraping the bottom of the icecream bucket.
:)

#95 Steven Rowlandson on 09.02.22 at 9:45 pm

“After all, two-thirds of the whole damn GDP is made up of people buying stuff. Garth””

Shouldn’t that be 2/3rds doing work and making stuff instead?

#96 crowdedelevatorfartz on 09.02.22 at 9:48 pm

Will NASA’s Artemis launch tomorrow?
Only govt bureaucrats know.
Elon has been strangely silent lately.
The billions in US Govt and Nasa $$$$$ muzzled him?
No matter.
While NASA dithers and stumbles….the private sector will soar.

#97 Tom from Mississauga on 09.02.22 at 9:49 pm

Ukrainians have blown the 2 bridges the Russians supply troops west of Dneiper river opening attack on Kherson. If Kherson falls the HIMARs rocket will be in range of Russian rail link supplying Crimea. Ukraine could then invade Crimea in the spring. Russia has to cut natural gas to Europe now, support of Ukraine from Europe has to stop before Russia’s whole southern flank unravels.

#98 crowdedelevatorfartz on 09.02.22 at 9:53 pm

@#86 IHCTD9

The only thing that cats hate more than toe nail clipping is a shot from a squirt gun.
Small plastic squirt guns ( pistols are the best, easy to conceal from an ever observant cat) on the coffee table, end table, etc.
A week or two gets the message across.
But cats have a tendency to slide back down into sloth and clawing…like Liberals.
Use the squirt guns effectively until they are rendered illegal by our Woke PM before the next election.

#99 Cici on 09.02.22 at 9:57 pm

What gives? Easy… over the past few weeks some banks have been offering 3% mortgages.

GIC rates have gone down too… I think they were offering 4.70% on a 1-year GIC at Tangerine on the 24th, then three days later it had fallen to 4.40%.

Interesting times!

#100 Capt. Serious on 09.02.22 at 10:02 pm

I know an anecdote is just that, but I’ve been on an interview panel for 3 open positions in our department and we only had 6 qualified applicants and all of them are presently employed. These are technical engineering positions. The labor market is tight.

#101 Sail Away on 09.02.22 at 10:28 pm

#68 millmech on 09.02.22 at 7:25 pm
#6 Sail Away

Did you get in on Addentax on Wednesday at all?
It was a great little kicker for the day.

——–

Nope, I was concentrating on the Recipe Corp / Fairfax merger arbitrage for 4.5%, haha. Good work if you caught the Addentax wave.

#102 IHCTD9 on 09.02.22 at 10:30 pm

#98 crowdedelevatorfartz on 09.02.22 at 9:53 pm
@#86 IHCTD9

The only thing that cats hate more than toe nail clipping is a shot from a squirt gun.
Small plastic squirt guns ( pistols are the best, easy to conceal from an ever observant cat) on the coffee table, end table, etc.
A week or two gets the message across.
But cats have a tendency to slide back down into sloth and clawing…like Liberals.
Use the squirt guns effectively until they are rendered illegal by our Woke PM before the next election.
——-

Aye. We never had to resort to water, which is good. Whatever Trudeau decrees means little, because frankly, our Cat has a higher IQ. If he sees me reading the CBC, I get that pissed-off low growl that you know means business. I’ve learned to trust the Cat instinct, and Charlie (our kitty) ain’t often wrong when he’s growling like that…

#103 Sail Away on 09.02.22 at 10:32 pm

#96 crowdedelevatorfartz on 09.02.22 at 9:48 pm

Will NASA’s Artemis launch tomorrow?
Only govt bureaucrats know.
Elon has been strangely silent lately.
The billions in US Govt and Nasa $$$$$ muzzled him?

——–

Never interrupt your competition when they are busy defeating themselves.

#104 Ponzius Pilatus on 09.02.22 at 10:43 pm

#97 Tom from Mississauga on 09.02.22 at 9:49 pm
Ukrainians have blown the 2 bridges the Russians supply troops west of Dneiper river opening attack on Kherson. If Kherson falls the HIMARs rocket will be in range of Russian rail link supplying Crimea. Ukraine could then invade Crimea in the spring. Russia has to cut natural gas to Europe now, support of Ukraine from Europe has to stop before Russia’s whole southern flank unravels.
——————
Another wannabe Patton.
Go for a walk.
Should be a beautiful fall this year.

#105 Sail Away on 09.02.22 at 10:45 pm

#78 Faron on 09.02.22 at 8:32 pm

Sail Away! Could you, would you, I am begging you: tell us your weight.

———

Oh man, you bet! 174 lbs this morning and seem to be holding fairly steady at that. Good six-pack which usually means 12%-ish bodyfat, maxxing at 32 pullups one set, and fairly easy to hit 80 pushups. No aches, no pains, sleeping like a rock… well, except for some slap & tickle, of course. I bought a shirt the other day and the cashier was really looking at my arms, so, thinking there might be a stain on my shirt, I glanced down- she noticed and blushed beet red, then didn’t make eye contact for the rest of the transaction. Sorta cute.

Thanks for asking!

#106 IHCTD9 on 09.02.22 at 10:48 pm

Hey Ponzie, what do you think of this one?

https://www.youtube.com/watch?v=req-oDf2ZRc

#107 Dmw on 09.02.22 at 10:57 pm

What’s with all the cats in the blog !
Please bring back the dogs

#108 Faron on 09.02.22 at 11:12 pm

#105 Sail Away on 09.02.22 at 10:45 pm
#78 Faron on 09.02.22 at 8:32 pm

Sail Away! Could you, would you, I am begging you: tell us your weight.

———

Oh man, you bet! 174 lbs…

Oh, great. Whew. Not the precision I was hoping for though, but still thankful for your special brand of indifference.

The cashier was really looking at my arms, so, thinking there might be a stain on my shirt, I glanced down- she noticed and blushed beet red, then didn’t make eye contact for the rest of the transaction. Sorta cute..

I’ve heard that some women blush in pity. Are you sure it wasn’t your tattoo of a nude Elon?

#109 Faron on 09.02.22 at 11:12 pm

#105 Sail Away on 09.02.22 at 10:45 pm
#78 Faron on 09.02.22 at 8:32 pm

Sail Away! Could you, would you, I am begging you: tell us your weight.

———

Oh man, you bet! 174 lbs…

Oh, great. Whew. Not the precision I was hoping for though, but still thankful for your special brand of indifference.

The cashier was really looking at my arms, so, thinking there might be a stain on my shirt, I glanced down- she noticed and blushed beet red, then didn’t make eye contact for the rest of the transaction. Sorta cute..

I’ve heard that some women blush in pity. Are you sure it wasn’t your tattoo of a nude Elon?

#110 Karlhungus on 09.02.22 at 11:13 pm

Unemployment rate was under 5% just before the Great Recession as well. Meaningless as a predictor.

#111 Faron on 09.02.22 at 11:24 pm

#105 Sail Away on 09.02.22 at 10:45 pm

maxxing

Hey, uh, one more thing. So I sometimes need spelling help, as you know, so I googled ‘maxxing’. I thought the second x was a little over the top TBH (It is, maxing is the word).

The interesting part is that the #1 hit on Google comes from https://incels.wiki/w/-maxxing

I’m amused because my fave Twitter investor account, @keubiko, often calls Tesla mega fans incels. Just thought you should know. Or maybe you have just adopted an identity and are actually a 23 yr old incel basement dweller? Or maybe a MGTOW?

Or, it’s the Urban Dictionary version meaning someone who shops at TJMaxx…

Cheers

#112 Michael in-north-york on 09.03.22 at 12:00 am

#61 The General
===

Putin is the biggest and baddest bully on the planet. And the hubris he is creating do not benefit anyone. Except himself. He wants to stay in power till he dies, manufacturing wars is his best chance of achieving that.

Fortunately, the other 7 billion souls will not support that bully. Major non-western nations will use the present crisis to their own advantage, they will buy cheap oil from Putin at a large discount etc. But they will not give him a hand, they will stand and watch as his economy is drowning under the weight of sanctions.

#113 Sail Away on 09.03.22 at 8:15 am

For my fav: up early for a pullup workout before today’s long mountain excursion. Still an hour until we’ll be able to see under the trees. I keep trying for the one-arm pullup, but can only make it halfway; a little higher with the left than the right. Grip is a bit of an issue. Anyway- lots of running to do. Won’t be available to discuss for many hours. Toodles.

#114 The Addict on 09.03.22 at 8:38 am

#78 Faron on 09.02.22 at 8:32 pm
I’ve been struggling lately. I’m not getting the information that I need here. Yes, right wing tropes spring forth like a punctured city sewer main. But the content in comments is direly lacking. I’ve been giving this a lot of though and realized what the problem is. We are being denied information and only one person can help us. I feel like I am brave enough to ask for the remedy so I’ll do it now:

…etc etc

———-

Most juvenile troll on the site. You add nothing of value only sow division and attempt to incite discord. A fact you’ve expressed perverse pride in and justified to your insecure ego as “presenting an opposing viewpoint” when really you’re just another minor-league sh!t-disturber on the internet.

Perhaps you should run for office, you seem to enjoy rooting around in the sewer.

If you really wanted to improve the comments you’d leave them but addicts be addicts.

#115 Don Guillermo on 09.03.22 at 9:57 am

#63 Ponzius Pilatus on 09.02.22 at 6:43
——————————————-
Well,
You were talking about a “broken health system”.
It’s mostly old farts who have that opinion.
For the young ones , the issues are mostly cost of education and accommodation.
A Prime Minister is not just a Prime Minister for the old.
And as I always say, no problem with complaining.
As long as one have some answers.
And solutions should be more precisely articulated, than just saying let’s copy the American system.
As for joking around and stirring the pot:
Sarcasm is sometimes the only way to deal with people who obviously have a one way street mind.
I’ve been a Sozi all my adult life.
It just fits my Weltanschauung.
I lived through many years of conservative governments.
I survived.
That’s democracy.
Wait your turn.
@@@@@@@#@

It’s sad you believe health care is just for “old” people. I’ve been in and out of various facilities this summer and it’s backlogged with people of all ages and ethnic backgrounds. If it only affected old white men we could just laugh it off and carry on. You will understand when you or someone in your family needs help.

It’s obvious this PM could never solve this. It’s too complicated to assign one of his wedding party buddies to head up a task force. JT’s only action on anything is to cut a check to some PC special interest group and possibly shed a few tears in front of a camera. It will have to start at the provincial level.

As for copying the American system you didn’t read Thursday’s post 175 very carefully. Endlessly trotting out the American system is exactly the age old Canadian problem. We need to look at other countries that have some success.

I was actually praising your sarcasm and humour. You missed a few key points but hey it was Friday night and you may have been into the cups. I go there sometimes too. No worries.

I’m glad you survived so far. Cheers, stay healthy and remember your democratic turn will come.

#116 Prince Polo on 09.03.22 at 10:00 am

#62 crowdedelevatorfartz on 08.31.22 at 6:53 pm
Ah the good old days when our PM would grab a protester by the throat and twist him to the ground….

Good one, Mr. Fartz. The Shawinigan Handshake moniker is gold! lol.

Our current photo-op minister also has the power to twist a lot of us to the ground, albeit with his words and not his hands.

#117 X on 09.03.22 at 10:54 am

re #51 – In North York specifically I find 1 of 3 things occurs to listings. They list reasonably, place sells within 2 weeks (there are buyers out there). They list with January 2022 price expectation, crickets, realize they missed the boat, pull listing, or they hold their breathe and hope for an offer and the listing sits, and sits, and sits.

#118 canuck on 09.03.22 at 11:09 am

A recession is real and we’re likely in it’s infancy stage, too insignificant for most to bother noticing.

Employment and GDP numbers are for what HAS happened and the FED has told us to get ready for pain.
Russia has not lost the war and for some reason, many who no longer believe the media, believe reports coming from the war. We never hear about Ukrainian casualties unless it’s about citizens in order to make the Russian bear look worse. I’m no fan of Russia but I’m not stupid enough to think they are in real trouble. India, China… actually all of Asia have no skin in this war and are happy to buy oil and gas from Russia at discounted prices. Russian currency isn’t nearly as bad as the west thought it would end up being.

Wait to see what happens to oil and gas in 90 days when it’s actually freezing and snowing and Europe doesn’t have enough energy to heat homes and industry… and what will the price be for that energy.

Going to get real ugly sooner than you think.

#119 RE_Investor on 09.03.22 at 11:09 am

#20 Comrade on 09.02.22 at 2:35 pm
We have gold, real estate, cash, stocks, bonds, … Everything seems to be affected the same, and no safe place to weather the storm.

Hi Comrade, always looks to make cash for holding any financial asset. Your monthly cash flow is the most important variable to maintain. Sure prices fluctuate, but if you have the proper assets, they will never go to ZERO. As my name states, my money is split between assets that produce this positive cash flow. That’s Bonds, GICs, Stocks, and of course Real Estate. The combined monthly cash flow keeps my net assets growing. So when planning your asset purchases, make sure leverage is minimized or not used at all, also no fees is the best, and when buying Real Estate, always remember agents love the double ended deal and you can get the price lowered as a result….LOL!!

So when you say, no safe place, well you are wrong!

Good Luck!

#120 crowdedelevatorfartz on 09.03.22 at 11:14 am

@#115 Don G

Don’t try and reason with Ponzie.
He’s the Tsar of Snark

Lets just copy and past #175 from Thursday again shall we?
As our overloaded, broken, National “Health Care” system tries to run on four flat tires and a broken steering wheel

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

#175 WFT

Yup trot out the USA health Care system comparison.

Specifically Ignore, France, England, Australia, Holland, Germany, Japan, S Korea Taiwan, ECT….. None are perfect but ignoring the fact that people receive better care in a more cost effective manner elsewhere is, Simplistic?

Canada is a broken balkanized system in dire need of an overhaul. One commonality. Every province is a mess.

Not sure Id be using life expectancy as a validation. Given the obesity rates in both US (36.2) and Canada (29.4) both now have the first generation that wont outlive the previous one.

If the 30% of obese had the discipline to reduce weight that would go a long way to addressing many health care interactions ergo reducing pressure on “the system(s)”. But calling obesity out?

Or put another way by a friend who is a physiotherapist. “Stop complaining abut your bad back when you have 50 lbs hanging off your stomach”

I know. I’m Triggering………

#121 Doug t on 09.03.22 at 11:18 am

#113 sail

Narcissist

#122 Sandy on 09.03.22 at 11:31 am

On immigration:

Garth, what’s with the hissy fit? No one is criticizing the immigrants; no one is faulting them for wanting a better life. What is being criticized is the political policy of such high immigration numbers when our infrastructure and health care can’t support it. That does not serve the Canadians who, you know, already live here. Support for high immigration is also ironic coming from folks who gripe about climate change. You cannot have endless population growth forever and ever. It’s unsustainable for Canadian society and for the planet. Perhaps you can be a little more careful about throwing bigotry accusations out. Not a good look for you.

Canada was built on immigration. Likely your family arrived on a boat or a plane. Allowing more newcomers does not increase global population, of course, and as humans living in a rich, developed, privileged country which is mostly empty you need a powerful reason to shut the door on others. I have yet to hear it. – Garth

#123 Dharma Bum on 09.03.22 at 11:32 am

I started my long weekend LAST Sunday.
Gonna start winding things down today.
Too much food and drink kinda gets to one after a while.
At my age, I should know better.
12,000 steps a day just ain’t cutting it.
I need to adopt Sail Away’s physical regimen.
It’s hard, when you sleep in until 10 am.
Where do you get all that energy Sailo?
By the way, what day is it?
Anyway, one more coffee, and then it’s time to get moving.
Seriously.

#124 Dharma Bum on 09.03.22 at 11:44 am

#120 Crowdie

“Stop complaining about your bad back when you have 50 lbs hanging off your stomach”.
——————————————————————————————————–

Exactly right Fartz.

That’s why I keep my mouth shut and don’t complain.

Whenever my back goes out and the excruciating pain reminds me that I am a lazy, slothful pig that should take better care of myself and manage my weight more stringently, I wait for the pain to subside then start being diligent about exercising, stretching, and eating properly.

Months later when I am in much better shape, feeling fit, flexible, and pain free, my old habits creep back, and the cycle repeats eventually. It’s my own damn fault.

Big guts and weak abdominals are a recipe for back pain.

Oh! But today saying that is known as “fat shaming”. So, let’s not even talk about it. Better not to hurt feelings, and instead let the population at large pig-out their way to an early blubber induced death.

It’s the politically correct thing to do.

SJWs unite!

#125 Ponzius Pilatus on 09.03.22 at 11:54 am

120 crowdedelevatorfartz on 09.03.22 at 11:14 am
@#115 Don G

Don’t try and reason with Ponzie.
He’s the Tsar of Snark

Lets just copy and past #175 from Thursday again shall we?
As our overloaded, broken, National “Health Care” system tries to run on four flat tires and a broken steering wheel

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

#175 WFT

Yup trot out the USA health Care system comparison.

Specifically Ignore, France, England, Australia, Holland, Germany, Japan, S Korea Taiwan, ECT….. None are perfect but ignoring the fact that people receive better care in a more cost effective manner elsewhere is, Simplistic?

Canada is a broken balkanized system in dire need of an overhaul. One commonality. Every province is a mess.

Not sure Id be using life expectancy as a validation. Given the obesity rates in both US (36.2) and Canada (29.4) both now have the first generation that wont outlive the previous one.

If the 30% of obese had the discipline to reduce weight that would go a long way to addressing many health care interactions ergo reducing pressure on “the system(s)”. But calling obesity out?

Or put another way by a friend who is a physiotherapist. “Stop complaining abut your bad back when you have 50 lbs hanging off your stomach”

I know. I’m Triggering………
————————————-
Hopeless.
Have a nice long weekend.
And go for a walk.

#126 crowdedelevatorfartz on 09.03.22 at 11:58 am

Remember to tip your server…..

https://twitter.com/i/status/1565031289693958145

#127 Don Guillermo on 09.03.22 at 12:27 pm

#124 Dharma Bum on 09.03.22 at 11:44 am
#120 Crowdie

Oh! But today saying that is known as “fat shaming”. So, let’s not even talk about it. Better not to hurt feelings, and instead let the population at large pig-out their way to an early blubber induced death.

It’s the politically correct thing to do.

SJWs unite!
******
No worries. It’s not fat shaming if you’re directing it to old white guys. Just ask the Ponz. All good!

#128 Michael in-north-york on 09.03.22 at 1:03 pm

#118 canuck
===

Europe has already stored enough natural gas to heat the homes this winter. They will have to ration the industrial gas consumption, and that can cause a recession. Recession is not the end of the world, they will survive and emerge stronger than before.

India and China will mind their own interest, will by Putin’s oil at a discount, and will not join the sanctions. That’s not enough for the Putin’s regime to survive. Putin would need their financial assistance or a massive flow of credits, as well as their technical assistance, to stay afloat. No such assistance is coming.

Russia’s car production is down 90% since the start of war, no spare parts. Other industries are not qute as bad but most of them are down as well. The only reason their currency is doing well is that the Western nations have blocked the sales of goods to them, and little use for foreign currencies left.

Support Ukraine, keep the Russia sanctions on, and Putin will lose within a few years or sooner.

#129 Dragonfly58 on 09.03.22 at 1:05 pm

Canada might be a mostly empty country. But here out West that empty space sure has a massive price tag. Anything that is a 1/2 days, or less drive { during the Summer, the rest of the year who knows how long it might take } from the Lower Mainland is still massively overpriced. Just look next door at Washington State for a price difference that will knock your sense of fair pricing into a knot.
Bump the drive up to a day each way and prices start to moderate, but by then you are essentially in the middle of nowhere.
I expect there are few places in the world where near wasteland is so expensive.

#130 oops on 09.03.22 at 1:05 pm

#121 Doug t on 09.03.22 at 11:18 am

#113 sail

Narcissist

—————–

Bro, you’re only figuring that out now?

#131 Don Guillermo on 09.03.22 at 1:15 pm

#125 Ponzius Pilatus on 09.03.22 at 11:54 am
120 crowdedelevatorfartz on 09.03.22 at 11:14 am
@#115 Don G
————————————-
Hopeless.
Have a nice long weekend.
And go for a walk.
@@@@@@@
Figures, everytime the convo gets a bit complicated the Ponze takes a hike. No wonder he’s a Trudeau apologist.

#132 NoName on 09.03.22 at 1:18 pm

#126 crowdedelevatorfartz on 09.03.22 at 11:58 am
Remember to tip your server…..

https://twitter.com/i/status/1565031289693958145

Server tip hairstyle, is beating this poor hardworking dude by mile…

https://www.buzzfeed.com/kristatorres/women-pigtails-tips?d_id=4785464&ref=bftwbuzzfeed&utm_source=dynamic&utm_campaign=bftwbuzzfeed

#133 Faron on 09.03.22 at 1:19 pm

#121 Doug t on 09.03.22 at 11:18 am
#113 Sail Away on 09.03.22 at 8:15 am

Narcissist

Bingo.

I’m just going to add to my list of kinda violent sounding anonymous morphing trolls. Wonder if they have any Old Boots kicking around?

#114 The Addict on 09.03.22 at 8:38 am
#166 Simplistic Reduction… on 09.02.22 at 11:17 am
#77 Look yourself in the mirror on 09.02.22 at 8:14 pm
#61 The General on 09.02.22 at 6:40 pm

#134 Sandy on 09.03.22 at 1:34 pm

On immigration:

Garth, what’s with the hissy fit? No one is criticizing the immigrants; no one is faulting them for wanting a better life. What is being criticized is the political policy of such high immigration numbers when our infrastructure and health care can’t support it. That does not serve the Canadians who, you know, already live here. Support for high immigration is also ironic coming from folks who gripe about climate change. You cannot have endless population growth forever and ever. It’s unsustainable for Canadian society and for the planet. Perhaps you can be a little more careful about throwing bigotry accusations out. Not a good look for you.

Canada was built on immigration. Likely your family arrived on a boat or a plane. Allowing more newcomers does not increase global population, of course, and as humans living in a rich, developed, privileged country which is mostly empty you need a powerful reason to shut the door on others. I have yet to hear it. – Garth

————-

1) It does not increase world population, but it does increase CO2 emissions. The majority of people coming over are going to consume more here, drive more here – it’s obvious. So yes, it’s hypocritical to want to slow climate change while supporting increased immigration.

2) Canada was built on immigration because that served development of the country, which bettered the lives of the people already here. We needed farmers, railroad workers, people to pave roads. Those immigrants came often with no money in their pocket, willing to work tough jobs that were not being done. They were not invited over simply for the sake of jacking up population numbers.

3) Just because a country was once best served by immigration does not mean it must continue it in perpetuity. It should only continue if it serves the people here. Imagine going to a great party: people keep coming in until at some point it starts getting full, and you must limit entry because it’s becoming chaotic. This is Canada today. Not based on the land itself being full, but based on infrastructure, health care, traffic, home prices, etc. You’ve now heard your powerful reason to shut the door. When all of the above improves, sure, open the immigration door again.

Bigotry comes in many forms, with endless manufactured justifications. You and I live in paradise. Shame on you or anyone who would shut the door to deserving people fleeing war, famine, climate crisis, economic despair or a failed nation state. You see immigration as only of value when it serves you. Imagine seeking a better life and facing such prejudice, egotism and myopia. – Garth

#135 Gravy Train on 09.03.22 at 2:01 pm

#44 Nonplused on 09.02.22 at 5:04 pm
[…] But I guess that’s all got to go, due to some sort of climate emergency.[…]

Hey, Nonplused. I just got my two-month power bill yesterday for my all-electric house, and I’m required to pay $22.74, but I have a surplus carryover of 1,196 kWh to be applied to the next billing period. How much did you have to pay for your electricity and home heating? :)

And please, spare me your incessant bullshit about roof-top solar panels being verboten. At least I haven’t mishandled top-secret documents like your lord and master, Donald Trump. I’ll bet you a loonie he faces some serious prison time. :)

Oh, and it looks like Bill Barr, Steve Doocy and Rupert Murdoch have all thrown Donald Trump under the bus. About time. :)

Well, if that doesn’t stir the pot, what will? (This reply was for you, Faron. Hope you liked it.)

#136 PBrasseur on 09.03.22 at 2:04 pm

« You and I live in paradise- Garth »

Yet we get to steal developing nation’s nurses, how virtuous of us…

#137 Don Guillermo on 09.03.22 at 2:07 pm

134 Sandy on 09.03.22 at 1:34 pm
On immigration:

Garth, what’s with the hissy fit? No one is criticizing the immigrants; no one is faulting them for wanting a better life. What is being criticized is the political policy of such high immigration numbers when our infrastructure and health care can’t support it. That does not serve the Canadians who, you know, already live here. Support for high immigration is also ironic coming from folks who gripe about climate change. You cannot have endless population growth forever and ever. It’s unsustainable for Canadian society and for the planet. Perhaps you can be a little more careful about throwing bigotry accusations out. Not a good look for you.

Canada was built on immigration. Likely your family arrived on a boat or a plane. Allowing more newcomers does not increase global population, of course, and as humans living in a rich, developed, privileged country which is mostly empty you need a powerful reason to shut the door on others. I have yet to hear it. – Garth

————-

1) It does not increase world population, but it does increase CO2 emissions. The majority of people coming over are going to consume more here, drive more here – it’s obvious. So yes, it’s hypocritical to want to slow climate change while supporting increased immigration.
@@@@@@@
Too simplistic. As people get affluent they tend to have fewer children. Environmentally good no?

Same as increasing energy and food costs. This drives more people into poverty and poorer populations tend to have larger families. Environmentally bad yes?

#138 The General on 09.03.22 at 2:10 pm

To my detractors, the truth will set you free. The General
#83- Faron: Don’t you have the patent on noodle gun slinging here? Garth is purging trolls, and here am I.
#91- C.E.F. : Are you saying my opinions will be met with violence? Now I know where you stand.
#97- Tom from Mississauga: Who will replace billion’s in transfer fees to Ukraine related to Russian gas which crosses their territory?
#112- Michael from North York: If you substitute Putin with the west, you’re getting warmer. Show detailed figures of support. Hint: Not China, India, Africa, South/Central America. Thanks, and Dog bless you all.

#139 Old Boot on 09.03.22 at 2:11 pm

#133 Faron on 09.03.22 at 1:19 pm

….drivel…more drivel…..yetmoredrivel….malware

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

Goodness! I’m being erased for the crime of not wanting men with fetishes and personality disorders in women’s spaces.

How highly evolved, how virtuous. How lefty wokebro misogynist. How predictable. You have a beard too, I’m guessing.

Hey Garth. Faron the Brave and Virtuous is posting click-bait malware.

#140 WTF on 09.03.22 at 2:25 pm

Hopeless indeed. We’re number 30!

https://thepatientfactor.com/world-health-organizations-ranking-of-the-worlds-health-systems/

More Money the fix?

https://www.rcinet.ca/en/2020/11/10/canadas-health-care-expensive-and-lagging-behind-oecd-countries/

I have nothing but respect for the professionals who work in such a dysfunctional system. They aren’t the problem.

My contempt is for the “but the USA” myopic apologists wanting to maintain the status quo of mediocrity in spite of the evidence.

Its Broken.

#141 Dragonfly58 on 09.03.22 at 2:26 pm

Paradise for sure. For the wealthy at least. The rest of us are just treading water in a slowly worsening situation.
I pity any newcomer who does not have a big cash reserve and a skill that does not fit into the Canadian job market.
As hard as things are for many of us, it is brutal to be poor with a family in Canada.

https://bc.ctvnews.ca/ukrainian-family-wishes-they-were-warned-about-b-c-s-pricey-rental-market-1.6049045

#142 Michael in-north-york on 09.03.22 at 2:31 pm

#138 The General
“Not China, India, Africa, South/Central America.”
===

They won’t support either side. That means, Putin is doomed, the Western nations will prevail.

#143 Bob on 09.03.22 at 2:45 pm

11m jobs openings? My friend live in Salt lake . His wife trying to get job but there are only 10-15$ an hour part time jobs . You need to drive to your job get 2-3 hrs of work and go back . It is hardly cover your pin cost…

#144 Faron on 09.03.22 at 3:05 pm

#139 Old Boot on 09.03.22 at 2:11 pm
#133 Faron on 09.03.22 at 1:19 pm

I regret that a little. But, it’s not malware. Have a look:

chrome://chrome-urls/

Internal diagnostic functions in many browsers. Never blindly click links tho.

Ban away Garth.

#145 Sail Away on 09.03.22 at 3:23 pm

Garth, #133 has uploaded a link that paths to ‘inducebrowsercrash’.

It’s either malware/virus or meant to appear as malware. Deliberate, in any case.

#146 Faron on 09.03.22 at 6:08 pm

#145 Sail Away on 09.03.22 at 3:23 pm

As far as I know Google isn’t in the business of writing malware. The link goes to your own computer. Biz Pac Review is more harmful.

But, I look forward to seeing how you inflate this into a Tucker Carlson style controversy.

#147 Don on 09.04.22 at 8:35 pm

“If Putin’s tired warriors will be defeated.”

“Ukraine is winning. ”

If wishes were horses………….