Global debt at highest peacetime level

It’s a new milestone! Its. Ot just Canadians that cant get enough of that debt, global debt levels have reached their highest peacetime levels:

We are likely to see central banks continue market interventions that have enabled governments to take on more debt since the crisis, perhaps even financing spending directly with so-called “helicopter money”.

We’re actually not a million miles away from this. By their aggressive actions over the last decade, central banks have effectively trapped themselves into continually intervening in government bond markets. They’re arguably beyond the point of no return.

Full article here.

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[…] –Vancouver prices falling–Without housing we’d be in a recession–Suburban dream a debt filled nightmare–Canadas debt-monster– […]

Bubble
Guest
Bubble

The residents of Australia’s booming suburbs say they were sold a false dream.
https://youtu.be/wvqtAqegazY

paulb
Member
Just thinking
Guest
Just thinking

https://www.citynews1130.com/2019/10/10/beware-one-sided-election-promises-housing/

Beware of one-sided election promises on housing: real estate CEO

southseacompany
Member
southseacompany

“Metro Vancouver housing prices head south, as prices nationally head north”, Vancouver Sun

https://vancouversun.com/news/local-news/metro-vancouver-housing-prices-head-south-as-prices-nationally-head-north

“Housing prices in Greater Vancouver are falling, according to the latest Royal LePage survey.”

“The house price survey, released Thursday, showed a 5.2 per cent drop in prices for housing in the region — comparing July, August and September of 2019 with the same three months in 2018.”

YVR
Guest
YVR

Prices may be falling year over year but the benchmark is still up since the election. Factoring in the high end over $3 million is down that means everything else is up even more than the benchmark indicates.

April 2017 Benchmark Greater Vancouver $966,400
September 2019 Benchmark Greater Vancouver $990,600

https://www.rebgv.org/market-watch/MLS-HPI-home-price-comparison.hpi.greater_vancouver.all.2017-4-1.html

YVR
Guest
YVR

Apartments are up from $580,700 to $651,500. Averaging about 5% per year since the NDP was elected.

Simple Solution
Member
Simple Solution

https://www.timescolonist.com/news/local/big-insurance-price-jump-for-out-of-province-drivers-1.23969825

So let me get this straight… ICBC is subsidized by BC taxpayers and we are supposed to care that a NON resident of BC (doesn’t pay Tax HERE) pays more for insurance? Give me a f’n break.

Boo hoo

patriotz
Member

“So let me get this straight… ICBC is subsidized by BC taxpayers ”

Wrong. It was supposed to be self-financing and was for a long time, until Christy (or was it Gordo) started bleeding cash from it to “balance” the provincial budget. That’s the reason for the mess today.

YVR
Guest
YVR

“It was supposed to be self-financing and was for a long time, until Christy (or was it Gordo) started bleeding cash from it to “balance” the provincial budget. That’s the reason for the mess today.”

It still is and always has been self financing. The fact the Liberals were able to pull money to limit taxes is a good thing. Te NDP could always increase taxes and give the money back if they wanted. The sad part is now under the NDP we now have massive ICBC losses, the highest insurance rates in the country and the coverage has been cut. We are in year 3 now and wonder boy Eby has flunked out on this one.

Simple Solution
Member
Simple Solution

doesn’t matter what it was “supposed” to be. Matters what it is. A massive mess that the taxpayers support.

When car bodyshops start looking like luxury spas and Autoplan licences make pro athlete money you know there is a problem….

DaMann
Member
DaMann

Bloody hell. Just get rid of ICBC already. It’s a flippin’ joke. Why the hell do we even have it.?Let private companies deal with it. If you are a good drive r you pay less. If you are a shitty driver you pay through the nose. ICBC is absurd.

Just thinking
Guest
Just thinking

ICBC just paid their brokers millions of dollars to get up to speed on the new ICBC rate structure, they just cannot help but waste money. They also spend cash on road safety initiatives like catching speeders, and traffic “studies” and road improvements all of which are not in their mandate to provide insurance.

Bag it and tag it
Member
Bag it and tag it

They should charge the brokers a training fee for that.

Simple Solution
Member
Simple Solution

ONLY the government can figure out a way to lose money on a monopoly…

Time to just kill ICBC. The government does not need to provide subsidized insurance. If you are a shitty driver with a shitty driving record then you pay what the market prices the risk at.

Allow the private insurers to step in and decide how they want to price the risk.

Insurance agents and body shops can re work their business models.

Bag it and tag it
Member
Bag it and tag it

Yes, they should be out of the business entirely. If the gov wants to have some influence, they could regulate the industry without being a participant.

Simple Solution
Member
Simple Solution

Regulate and charge an annual fee for license plate.

Perhaps we get fewer cars on the road when “drivers” who like to play bumper cars are uninsurable….

Just thinking
Guest
Just thinking

When ICBC was originally introduced by the BC NDP government back in the day in the early 1970s the idea was that ICBC would provide inexpensive insurance to drivers who were under insured or actually driving around without any insurance. Needless to say the government couldn’t stop meddling in ICBC and look where we are now. And now they are proposing massive rate increases for new drivers in the thousands of dollars in many cases. There is no reason to keep ICBC around because their mandate has been so corrupted that they are useless now.

YVR
Guest
YVR

Any government run program no matter how good it starts out or how good the intentions are ends up being a disaster. ICBC which as you said was designed to “provide inexpensive insurance to drivers” now provides the most expensive insurance in the country. All with the tax payer holding the bag. Just another failed NDP initiative of the past that the current NDP has no clue how to fix.

xhistory
Guest
xhistory

History:
Spotted owl Locals pay for the local Barred owl travelling bum.

Future:
Hybridized Spotted/Barred local pays for local Barred owl travelling bum.

paulb
Member

New
167
Price Change
64
Sold
144
TI:13829

http://www.instagram.com/clivestevepaul

Simple Solution
Member
Simple Solution

https://biv.com/article/2019/10/developer-consortium-says-it-was-blindsided-port-moody-mayor

Poor developers…. Port Moody actually wants something that will benefit the community…

southseacompany
Member
southseacompany

“Canada’s Housing Market At Risk From Trudeau, Scheer Campaign Promises”, Huffington Post

https://www.huffingtonpost.ca/entry/housing-election-canada_ca_5d9dee61e4b06ddfc511da7d

“A minority government scenario ― which looks like a distinct possibility in recent polling ― might not stop governments from implementing risky policies. The last time Canada had a minority government, questionable lending practices exploded.”

““The last blitz of looser lending restrictions, when the maximum term on insured mortgages was raised from 25 to 30, to 35 and then to 40 years within just nine months, occurred within the first 10 months of Canada’s smallest ever minority government in 2006”

Best place on meth
Member
Best place on meth

“The last blitz of looser lending restrictions, when the maximum term on insured mortgages was raised from 25 to 30, to 35 and then to 40 years within just nine months”

For anyone who thinks Harper was a good PM, just remember this shitshow.

I can’t remember the last time we had a good PM, thanks to our horrid electoral system.

Doomcouver
Member
Doomcouver

Harper was a garbage PM. Scheer will be just as bad or worse. As for the loosening of lending/mortgage rules, I can’t see that making much of a difference. Millenials are too broke to afford their parents overpriced houses regardless of how loose the mortgage rules are. Looser rules may kick the can down the road, but the global recession is coming, and will bring the whole thing down at some point.

xhistory
Guest
xhistory

A friend of mine, with a motorcycle in repair, ordered a Throttle cable from China, and received it, via air shipment, but not by drone. Included in the package was a Clutch cable…free. All for $11, 1 dollar being the price, and 10 dollar shipping.

So, you know, this is a goodwill type of exchange, and I’ve seen this before.

Want to squabble about China? Know this: I think you need to offer them something they desire.. in my friends case, a loyal customer of a new trans-local Chinese merchant. It is about business with the Chinese, they love trade, it makes them feel good and provides them with sustenance and enjoyable life.

MTADTA
Guest
MTADTA

The world is waking up to what’s happening…

https://www.cnbc.com/2019/10/08/chinas-reaction-to-the-nba-is-the-wake-up-call-the-world-needed.html

This is a great article.

Hyper-mega-Bull
Member
Hyper-mega-Bull

china drops its mask to reveals its true face and the world recoils in disgust and revulsion.

Best place on meth
Member
Best place on meth

Fuck the cowardly NBA for siding with evil.

I guess they approve of concentration camps, as long as they can make a buck from that nazi cesspool.

Dave
Member

And Hollywood. They shame everybody at home for petty issues but do whatever it takes to satisfy the Chinese totalitarians. Massive hypocrisy.

Simple Solution
Member
Simple Solution

the latest South Park episode is awesome….

Dave
Member

Haven’t seen it yet, but just bought it.

Simple Solution
Member
Simple Solution

“Band in China”

Worth getting Hulu

aaa
Guest
aaa

i saw it for free online…… much’s site or something.

aaa
Guest
aaa
Dave
Member

I could have bought 3 motorbike clutch cables had you posted this earlier.

MTADTA
Guest
MTADTA

Scroll down. Canada took in the most immigrants since 1913.

https://www.bloomberg.com/news/articles/2019-10-08/as-wealthy-flee-hong-kong-they-bypass-u-s-to-find-other-havens For Anxious Hong Kong Elite, the U.S. Isn’t the Top Escape Route

Best place on meth
Member
Best place on meth

The first post-debate poll by Forum Research has Turd slipping badly all the way down to 28% with Scheer at 35%, a 7 point lead for the Cons.

The same pollster a week ago had it 34% Turd, 31% Scheer, a 3 point lead for the Libs.

10 point swing in one week off one debate.

Dave
Member

I don’t think you can read too much into the polls. If anything, they haven’t moved much because this is a non-election with nothing to talk about. And that’s why Trudeau will win. We generally give leaders a second term. The anger isn’t there to push them out of power. I think it’s going to be a minority government. Trudeau will be propped up by the NDP. It might last a couple years and then the Conservatives will get their turn. Scheer hasn’t had any errors and he’s played it pretty safe so I think they stick with him in the next election because they’ll walk easily into a majority.

Best place on meth
Member
Best place on meth

You’re right Dave, the next 3 polls have them tied again.

Sigh, I thought we were on the verge of flushing that blackfaced stool.

Simple Solution
Member
Simple Solution

I also think we see a minority government. Whoever ends up “winning” will have to deal with the economic shitshow that we are heading into…. With any luck its the face painters we only have to suffer a few more years of his crap

Dave
Member

The Liberals are the ‘Natural Governing Party’, mostly because they can win seats in Quebec while the Conservatives cannot. They win if things are going more or less OK and there is no major outrage, which is how I would describe the present situation (I don’t agree, I’m just reporting the average zeitgeist). The Conservatives are the backup party, much like the NDP in BC.

If you’re a Conservative, a minority Liberal government isn’t a terrible outcome because a majority Liberal government under Trudeau afterwards is not a likely outcome.

Just thinking
Guest
Just thinking

So here is my plan: if it looks like Trudeau will win then I’ll vote for Mad Max as a protest vote. If it looks like Scheer will take it, I’ll vote for the Cons. just to make sure they really do win. Tell me if I have a good approach with this… I do like Max’s platform (a lot) but don’t want to waste a vote on him if I don’t have to.

eastender
Member
eastender

“I do like Max’s platform (a lot) but don’t want to waste a vote on him if I don’t have to.”
If you settle for Sheer, you will not have your voice heard. I think all Max supporters should send a wake-up signal to the rest of the voters, even if it’s just 5%. Personally, I can stand another 4 years of T if it helps Canadians realize what kind of deep shit we are in.

Bag it and tag it
Member
Bag it and tag it

It’s important to vote for Max regardless IMO

Just thinking
Guest
Just thinking

Yes I am leaning more towards Max as the days go by. Frankly I don’t see much difference between the Libs and the Cons. now.

Best place on meth
Member
Best place on meth

Did you hear what that scumbag Singh said about Max?

He said he didn’t deserve to be at the debate because of….wait for it….”hate speech”!

What a worthless cocksucker. May was behaving like a lowlife as well. They were the most offensive people on the stage.

Anyone who thinks they have the right to determine who is allowed to speak or who we are allowed to listen to based solely on their warped far-left doctrine is not qualified to hold public office.

Fucking traitors to democracy.

Just thinking
Guest
Just thinking

Yes I did hear that. I thought “what next, will he call Max a Nazi”? Actually I thought Singh was better than that, but I guess he isn’t. I also didn’t like how Singh played the victim card when he said he’s been discriminated against all his life. I suppose heading up a major political party is discrimination?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Being discriminated against and being successful aren’t mutually exclusive.

Is there no end to your stupidity?

Just thinking
Guest
Just thinking

you must be joking… or maybe you really do eat your own shit?

Bag it and tag it
Member
Bag it and tag it

Look, if you immigrate to another country you’re going to have to overcome of few hurdles on your road to success….suck it up. It rarely ever has anything to do with race…it’s all about cultural integration. Immigrants from Chiina and Indiia are have very little interest in cultural integration.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

When in doubt, blame the victim? Toxic.

Best place on meth
Member
Best place on meth

That’s one of Jag’s favorite ploys, constantly bringing up tearful stories how he was discriminated against his entire life to get the sympathy vote.

He’s a complete fraud, like Justin.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Defending hate speech again?

How un-fucking-surprising.

Bag it and tag it
Member
Bag it and tag it

Please provide an example of Max’s hate speech

Best place on meth
Member
Best place on meth

There’s your answer from that worthless race baiting piece of shit.

Just like Jag couldn’t come up with an actual example to back up his serious and completely fabricated accusation, all he could do is bleat “hate speech” like a mindless leftist idiot.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

There was no need to come up with an example as you defended hate speech in a general sense despite it being illegal in Canada.

You’re really not the brightest, are you?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Please go fuck yourself.

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

The Chinese regime announced a new rule which requires residents to pass a facial recognition test in order to apply for an internet connection via smartphone or computer. The rule will be implemented from Dec. 1, 2019.
https://www.theepochtimes.com/beijing-launches-new-rule-residents-must-pass-facial-recognition-test-to-surf-internet_3099181.html

Bag it and tag it
Member
Bag it and tag it

I’m sure SIDA will think this is great idea.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Because you’re clueless?

bullwhip29
Guest
bullwhip29

Chinese student, 16, charged with mischief after police say he ‘staged’ his own kidnapping
https://www.cbc.ca/news/canada/toronto/markham-staged-kidnapping-1.5313000

bullwhip29
Guest
bullwhip29

Four people were seriously hurt in a bizarre crash Tuesday morning when a reversing car flipped over and crashed into a building in downtown Vancouver
https://www.cbc.ca/news/canada/british-columbia/car-rollover-vancouver-hornby-street-1.5313458

paulb
Member
Shut It Down Already (original)
Guest
Shut It Down Already (original)

20K party!

LOL.

Bag it and tag it
Member
Bag it and tag it

and yet prices keep falling…

Shut It Down Already (original)
Guest
Shut It Down Already (original)

False.

Doomcouver
Member
Doomcouver

Why the housing market may not save us from a protracted economic slowdown this time around:
https://business.financialpost.com/executive/posthaste-why-the-housing-market-may-not-save-us-from-a-protracted-economic-slowdown-this-time-around

“The Macdonald-Laurier Institute’s Leading Economic Indicator (LEI), that predicts changes in the Canadian business cycle, rose by 0.2 per cent in August, somewhat lower than previous months but still a six straight month of growth. Indeed, much of the positive economic activity remained concentrated in the housing market, MLI said in a report.”

Canada would be in recession already if not for the artificially high reliance on housing to expand our gdp. Eventually the economy is going to run out of runway and the rush to the exits will be on.

Just thinking
Guest
Just thinking

Toronto Syrian restaurant shuts down, citing hateful messages and death threats

https://www.citynews1130.com/2019/10/08/toronto-syrian-restaurant-shuts-down-citing-hateful-messages-and-death-threats/

so they first cause chaos at a free speech event featuring Maxime Bernier then when they get some flak for it they run to the cops… this is what happens when recent immigrants think that they are owed something by Canada usually because pandering politicians like Trudope make them think that they are special.

Best place on meth
Member
Best place on meth

Another “hate crime”?

After Smollet and several other staged hate crimes since, I don’t trust anybody’s story anymore.

Bag it and tag it
Member
Bag it and tag it

I would agree. If the restaurant was successful there is zero chance they would shut down just because they were getting hateful messages. They are just using this as an excuse for failure and trying to garner sympathy in the process.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

That’s right. No human being has ever been the victim of hate crime.

Idiot.

Hyper-mega-Bull
Member
Hyper-mega-Bull

Teen accused of staging his kidnapping to get parents in China to pay $1M ransom

https://calgaryherald.com/pmn/news-pmn/canada-news-pmn/teen-accused-of-staging-his-kidnapping-to-get-parents-in-china-to-pay-ransom/wcm/693b3d5d-3c2e-4a32-b322-fbc6e3696389

remember the “virtual” kidnappings in Richmond where “innocent” people were “threatened” to kidnap themselves and extort their parents?

Best place on meth
Member
Best place on meth

He should have called it a hate crime, way more sympathy that way from the fucks in the media.

Hyper-mega-Bull
Member
Hyper-mega-Bull

a vancouver real estate COLLAPSE is possible.

Trump is decoupling the US economy from China. China has serious internal pressures.

https://twitter.com/adamscrabble/status/1181331151983710208

The added pressure of having the host (USA) try to remove the parasite (CHINA) from sucking it dry is like dropping a polar bear sized pig on the country’s chest (more pressure). This may result in China having a financial meltdown. This would cause Vancouver real estate to collapse.

No Shill
Guest
No Shill

Of course a Vancouver real estate collapse is possible. In fact, it’s already underway.

Dave
Member

China’s brand keeps taking a hit. South Park, the NBA, Blizzard Games, never mind what is going on in Hong Kong. The Western public have finally woken up to what’s going on in China. Amazing stuff.

Hyper-mega-Bull
Member
Hyper-mega-Bull

in 2016 trump going after china was a joke to the internet and late night comedians. 2 years later they are public enemy #1. all thanks to Trump’s actions (and lets be honest, CIA influence on media changing public opinion).

Best place on meth
Member
Best place on meth

I told you all 4 years ago that when Trump gets elected he was going make china illegal.

Just thinking
Guest
Just thinking

https://www.cbc.ca/news/canada/british-columbia/a-cautionary-tale-legal-battle-erupts-over-alleged-20k-typo-in-new-west-condo-sale-1.5312540

so why use a Notary when they can make a mistake as huge as this? That’s why we use Notaries in the first place; to avoid mistakes.

Just thinking
Guest
Just thinking

https://www.cbc.ca/news/canada/british-columbia/car-rollover-vancouver-hornby-street-1.5313458

The building houses a federal immigration office. Yup it figures….