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Post by Willie Dog on Mar 21, 2020 11:37:43 GMT -5
I know there are some in my wife's office who are paycheque to paycheque. They've applied for EI as soon as the got their RoE. my wife is self-employed and told to shut down by her licensing board. will be interesting, I don't think she'll qualify for any of the government "help". saving money on not going out for meals though. wonder if this is a way for the current Fed leadership to slip in guaranteed income -- it's be well supported by the NDP and Bloc. There will be money for self employed who are not eligible for EI... program launches in April |
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Post by Cranky on Mar 21, 2020 16:36:28 GMT -5
Conspiracy Theory says hello to Geopolitics.....
China Inc was part of a huge simulation a few months BEFORE this outbreak. In it it was crystal clear that something like this would turn into a pandemic.
So let's look at a bit of logic....if you are the CPC, with lying, murderous Communist as the first word of that political party, why wouldn't you want it to spread to the world if they are already suffering great devastation?
Does it take some extra special thinking to figure out that if it does not spread, then China itself is heavily damaged while the rest of the world sends their sympathies.
Then there is the issue of willingly sacrificing some for the good...in this case, the economic good of the country. Much like the mullahs and Stalin sending troops to the front lines as sacrifices, CPC can make a very simple calculation that losing 5% of the population while damaging the west much further and deeper is a great tradeoff. Particularly since the west can't control it's population as effectively so spread and deeper economic damage is guaranteed.
You think this is far fetched? The please make sense why the center of the outbreak and with 1.4 billion people is claiming "no new cases". That's one of those lies that has "absolute certainty" attached to it. Why? They need those disposable peeons to return to work.
Coronavirus hats coming with.....MCGA
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Post by Willie Dog on Mar 21, 2020 17:08:02 GMT -5
Actually, with countries having to spend billions and billions combatting this virus, who do you think is lending them the money?
China Inc...
They are a murderous regime, much like most of the countries in the world.
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Post by Cranky on Mar 21, 2020 17:55:38 GMT -5
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Post by Tankdriver on Mar 21, 2020 22:41:57 GMT -5
Anyone else watch Contagion on Netflix? Eerily similar to today's situation and where it could be headed. To think this movie was made almost 10 years ago.
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Post by Cranky on Mar 21, 2020 23:34:16 GMT -5
Yesterday I got an email that sent me reeling. One of the trust companies sent me an email that they were increasing GIC rates. Not a lot, but still. Increasing? Why? With the Bank of Canada overnight rate at 1%, and everything shutting down, why on earth increase rates? Everything negative and suspicious ran through my mind.....
Then went on line to check interest rates from other trust companies. Stable with no drastic cuts. I thought that such a dramatic Bank of Canada decrease would be followed by a slaughter on the GIC interest rates.
Then the duh moment......the obvious answer.
1....People and companies are pulling their savings just to survive....and no income.
2...people may not be paying their mortgages, looking to defer them for months.
The institutions still need to pay out interest rates on their deposits so the combination of paying out, withdrawals and mortgage deferrals is squeezing their cash on hand. Thus stabke and slightly higher interest to attract cash.
At some point, the government will have to step in and provide cash for them plus the promised support for lay offs and self isolating should help people pay their bills.
I was going to ask if people are planning to defer their mortgages and if they are drawing down their saving....but that would be asking if the sun rises in the east
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Post by Cranky on Mar 23, 2020 5:03:05 GMT -5
Anybody catch the CBC broadcast?
Apparently the ONLY people tested in BC are front line workers and the very vulnurable. Everybody else that may have covid and self isolation does NOT get tested unless they are hospital "grade".
They interviewed two people that were higly likely infected and no tests for them. Just stay home and hope it doesn't turn to pneumonia.
Another thing, by NOT testing when they have symptoms, they can't rule out covid then look into possible bacterial and anti-biotics.
Our infection numbers are bullcrap....and of course, so is our drama teachers and his minions braying of "readiness" and universal health care.
And this is just the begnning.
Next up...self healing with prayer and voodoo...
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Post by franko on Mar 23, 2020 9:36:30 GMT -5
Our infection numbers are bullcrap....and of course, so is our drama teachers and his minions braying of "readiness" and universal health care. not that I am a JT apologist in any means, but what is he supposed to say? he has to at the very least give the illusion of hope while the world awaits a vaccine (way to go, Canadian researchers!). maybe it's false hope, maybe it's keeping the masses in line, but he has to keep pressing the "don't panic" button (as long as the dolphins are still here we're OK). |
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Post by Disgruntled70sHab on Mar 23, 2020 12:06:25 GMT -5
Anyone else watch Contagion on Netflix? Eerily similar to today's situation and where it could be headed. To think this movie was made almost 10 years ago. Other than Mrs. Dis going to work (a pharmacy) we're pretty much under "confinement to barracks', kind of thing ... that hasn't happened since Cornwallis but you do what you have to ... and, as such, we've watched "Contagion" twice ... great movie and well worth the watch ... while the provincial total escalates daily we only have 4 confirmed cases in Kingston and that hasn't changed in about 4/5 days ... there aren't a lot of vehicles on the road and the local supermarket doesn't have the volume of cars it usually has ... those are actually good things ... moreover, the store I'm referring to opens a 7 AM for seniors ... regular customers will have to wait for 8 AM and everyone has to adhere to safety protocols once inside the store ... that's practicing safe distances and some stores even regulate just how many people can shop at once ... in other words, if the store deems that they've got 'enough people' in it, then someone has to leave before someone else enters ... a one-for-one kind of deal ... anyway, we're doing what we can in our little world ... Cheers. |
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Post by BadCompany on Mar 23, 2020 15:41:14 GMT -5
Ruh-roh.  |
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Post by Cranky on Mar 23, 2020 15:55:16 GMT -5
Oiiii....Trump again...
Trump has to deal with the stock markets and has to push some hope and in sight of an ending.
I get it, too many people think the stock markets are something for rich people. There are TRILLIONS in personal pension investment and pension funds. Those are evaporating on a daily basis.
The top 300 pension funds hold 6 TRILLION dollars in stocks. Or held....trillion or two less now.
TRILLIONS in PENSIONS..so tell me again about that evil guy trying to keep them from further collapse...
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Post by BadCompany on Mar 23, 2020 16:04:14 GMT -5
Oiiii....Trump again... Trump has to deal with the stock markets and has to push some hope and in sight of an ending. I get it, too many people are uniformed and think the stock markets are something for rich people. There are TRILLIONS in personal pension investment and pension funds. Those are evaporating on a daily basis. The top 300 pension funds hold 6 TRILLION dollars in stocks. Or held....trillion or two less now. TRILLIONS in PENSIONS..so tell me again about that evil guy trying to keep them from further collapse... Sure, just about everybody with a retirement plan has money in the stock market, including myself. But tell me, which is better for the stock market? Taking the (massive) hit now and then hopefully rebuilding it over the next few months and years? Or, cancelling everything, sending everybody back to work, watching the stock market bounce for a few weeks, and then crash again once the morgues start filling up? Unless this is just 3D chess, and Trump has no plans to change anything in 15 days. In which case he's simply trying to get a short-term bounce out of the stock market. And the people who would benefit from a short-term bounce are NOT the people with personal retirement strategies and pension funds. It's the people who already have millions in the stock market, and for whom a two week bounce can translate into millions more. |
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Post by Cranky on Mar 23, 2020 16:07:56 GMT -5
And...the Dow Jones industrial average closed down 582 points. AGAIN.
Unless there is some end in sight WITHIN a year, this is going to stick us deep into a recession...or depression.
Up close and personal.....tiny part of a 6 BILLION DOLLAR housing project that is ready to go....is on hold...and may have no market coming out of this. How many projects like this through the country?
How much do they pay WalMart greeters?
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Post by Cranky on Mar 23, 2020 16:17:31 GMT -5
Oiiii....Trump again... Trump has to deal with the stock markets and has to push some hope and in sight of an ending. I get it, too many people are uniformed and think the stock markets are something for rich people. There are TRILLIONS in personal pension investment and pension funds. Those are evaporating on a daily basis. The top 300 pension funds hold 6 TRILLION dollars in stocks. Or held....trillion or two less now. TRILLIONS in PENSIONS..so tell me again about that evil guy trying to keep them from further collapse... Sure, just about everybody with a retirement plan has money in the stock market, including myself. But tell me, which is better for the stock market? Taking the (massive) hit now and then hopefully rebuilding it over the next few months and years? Or, cancelling everything, sending everybody back to work, watching the stock market bounce for a few weeks, and then crash again once the morgues start filling up?Unless this is just 3D chess, and Trump has no plans to change anything in 15 days. In which case he's simply trying to get a short-term bounce out of the stock market. And the people who would benefit from a short-term bounce are NOT the people with personal retirement strategies and pension funds. It's the people who already have millions in the stock market, and for whom a two week bounce can translate into millions more. Where exactly did you see that in the Tweet? Or are you assuming that was implied? I bet the house that Trump has zero plans to do anything that has body bags attached. ZERO. As it's NOT going to happen. As for short term bounce? No. More like fear that the market will collapse further and people will go into a panic about their pensions. Think about it....people are witnessing their present collapsing all around them and their future getting evaporated. How long before it manifest itself in anger? Blind anger? |
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Post by Habs_fan_in_LA on Mar 23, 2020 17:56:30 GMT -5
Sure, just about everybody with a retirement plan has money in the stock market, including myself. But tell me, which is better for the stock market? Taking the (massive) hit now and then hopefully rebuilding it over the next few months and years? Or, cancelling everything, sending everybody back to work, watching the stock market bounce for a few weeks, and then crash again once the morgues start filling up?Unless this is just 3D chess, and Trump has no plans to change anything in 15 days. In which case he's simply trying to get a short-term bounce out of the stock market. And the people who would benefit from a short-term bounce are NOT the people with personal retirement strategies and pension funds. It's the people who already have millions in the stock market, and for whom a two week bounce can translate into millions more. Where exactly did you see that in the Tweet? Or are you assuming that was implied? I bet the house that Trump has zero plans to do anything that has body bags attached. ZERO. As it's NOT going to happen. As for short term bounce? No. More like fear that the market will collapse further and people will go into a panic about their pensions. Think about it....people are witnessing their present collapsing all around them and their future getting evaporated. How long before it manifest itself in anger? Blind anger? I was shocked about how many Corona virus patients are circulating in society. My son is an emergency room doctor in New York and Florida. In NY patients are tested for corona and most that teat positive are given a letter telling them to go home and self quarantine. Seriously ill positive patients are kept in the hospital in intensive care. There are thousands of people that tested positive that are hopefully staying home but who knows. Reminds me of AIDS patients that continued to infect the general population. |
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Post by Disgruntled70sHab on Mar 23, 2020 20:10:27 GMT -5
My son is an emergency room doctor in New York and Florida. Please thank your son for me ... he's on the front lines trying to fight it off and it's not a job everyone can do ... Cheers. |
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Post by Cranky on Mar 23, 2020 20:52:44 GMT -5
I'm having a huge problem... Every morning, I'm waking up on the ground. My wife is practicing social distancing.....in bed...  |
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Post by jkr on Mar 24, 2020 6:24:58 GMT -5
I'm having a huge problem... Every morning, I'm waking up on the ground. My wife is practicing social distancing in bed... At least you're in the same room.  |
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Post by Cranky on Mar 24, 2020 10:35:20 GMT -5
How can te coronavirus be so dangerous when they name it after a beer?
How can I be upset about the coronavirus? It could be worse. Way worse, The leafs could of won the cup.
Hugging and kissing is replaced by....bumping fists and elbows and staying apart. In other words, like a normal marriage.
Conspiritor theorist want to know..... why covid 19? What happened 1 to 18? Did it take that many tries to get it right?
Couped up for weeks. Baby boom or divorce boom?
Billy-Bob ain't afraid of no virus. He's got them buckshot loaded for them critters....
Jamil ain't afraid of no virus, he's gonna get together with the gang and rumble...in it.
Family and friends, caring and sharing.....can kill you.
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Post by folatre on Mar 24, 2020 10:49:09 GMT -5
It would be nice for kids if warmer, drier days arrive soon. Running and playing in the backyard for extended hours would be a big help.
The homework worksheets and the school's video sessions available are not even taking four hours per day. I guess it could be worse. My niece in Toronto is no longer on spring break and yet she has received precisely zero schoolwork. I am not sure if that is a product of the ongoing conflict between Ford and the teachers in Ontario, but I know my sister and brother in law are pissed.
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Post by 24in93 on Mar 24, 2020 11:49:09 GMT -5
It would be nice for kids if warmer, drier days arrive soon. Running and playing in the backyard for extended hours would be a big help. The homework worksheets and the school's video sessions available are not even taking four hours per day. I guess it could be worse. My niece in Toronto is no longer on spring break and yet she has received precisely zero schoolwork. I am not sure if that is a product of the ongoing conflict between Ford and the teachers in Ontario, but I know my sister and brother in law are pissed. My kids' school board (Halton) sent out a link to login and follow a 'Learn at home' resource. The material wasn't very challenging at all so we signed them up for IXL that seems to be more challenging and keeping their attention better. |
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Post by Cranky on Mar 24, 2020 12:36:52 GMT -5
Think about this....
What happens to all the banks and trusts when people keep pulling money out...and not paying their mortgage.
I talked to my local bank that we are doing business for 24 years and to no ones surprise, she won't talk about this question because of...direct orders. But her rolling eyes say otherwise.
Fun times....
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Post by Willie Dog on Mar 24, 2020 13:37:07 GMT -5
Think about this.... What happens to all the banks and trusts when people keep pulling money out...and not paying their mortgage. I talked to my local bank that we are doing business for 24 years and to no ones surprise, she won't talk about this question because of...direct orders. But her rolling eyes say otherwise. Fun times.... The government spending more money buying up mortgage pools than anything else... the banks are fine... they'll cry poverty and deny deferring mortgage payment and the government will let them get away with it. It's our money the banks are playing with... The shareholder must be fed! |
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Post by seventeen on Mar 24, 2020 14:14:04 GMT -5
Hugging and kissing is replaced by....bumping fists and elbows and staying apart. In other words, like a normal marriage. My wife won't let me drink from her water glass. I then tell her (after giving her a kiss) that the water glass is the least of our concerns. When we go we're going together. |
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Post by seventeen on Mar 24, 2020 14:15:45 GMT -5
The shareholder must be fed! Canada Pension Plan, and most pension plans, are substantial shareholders. |
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Post by Cranky on Mar 24, 2020 14:35:28 GMT -5
Hugging and kissing is replaced by....bumping fists and elbows and staying apart. In other words, like a normal marriage. My wife won't let me drink from her water glass. I then tell her (after giving her a kiss) that the water glass is the least of our concerns. When we go we're going together. My Wife The Knife were arguing who goes first. She said....me first. I pointed out what she has to deal with. She volunteering herself first.... I'm celebrating....the only argument i ever won. |
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Post by Disgruntled70sHab on Mar 25, 2020 22:43:41 GMT -5
Hugging and kissing is replaced by....bumping fists and elbows and staying apart. In other words, like a normal marriage. My wife won't let me drink from her water glass. I then tell her (after giving her a kiss) that the water glass is the least of our concerns. When we go we're going together. I know exactly how you feel, dude ... Cheers. |
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Post by Willie Dog on Mar 26, 2020 13:30:08 GMT -5
The shareholder must be fed! Canada Pension Plan, and most pension plans, are substantial shareholders. TD Hikes: Big-bank pricing increases have been relentless. TD Canada Trust just raised the following special fixed rates: 3yr: 2.89% to 3.09% 5yr (conventional) 2.94% to 3.24% 5yr (high ratio): 2.79% to 2.99% The bank also removed its special 5-year variable rate of 2.95% and raised its posted 5yr variable from 3.10% to 3.15% (i.e., TD mortgage prime + .05% or actual prime + 0.20%). Non-stop Liquidity: To ensure “stable funding” for mortgage lenders, the government said it’s now going to buy up to three times more insured mortgages from lenders, $150 billion vs. the previously planned $50 billion. CMHC also said it’s ready to “expand the issuance of Canada Mortgage Bonds |
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Post by GNick99 on Mar 28, 2020 15:38:14 GMT -5
Trump looks like he was right about China. With all those trade embargoes, travel bans, etc... I don't like Trump, but imagine reasons why he became one of richest men in world and president of powerful country.
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Post by jkr on Mar 28, 2020 17:26:49 GMT -5
I think the China issue may be the only thing he got right as the U.S. now has more cases than any other country now. His decisions seem based on feeling rather than science & his about faces are hard to follow. Just look at the ventilator controversy.
On Thursday he goes on Fox & complains the state governors are overstating their need & goes out of his way to single out the governors of Michigan & Washington state. He even tells Pence that he shouldn't talk to them. Can you imagine something like that in any other country; where the citizens may suffer because the country's leader doesn't like a premier or a governor. On Friday the story breaks that the federal government is talking to GM & Ventec about making ventilators in an abandoned GM plant but was reconsidering because of cost. This results is a slew of bad press. A few hours later he does what he should of done weeks ago, invokes the Defense Protection Act & the GM/Ventec arrangement is a go again.
What happened in the previous 24 hours when he was complaining to Hannity that the governors were off base? He seemed more motivated by the bad press.
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