Pierre Pipes in quite well on Jordan Peterson

So do all government employees can speak against the government and boss and not be threaten to lose their jobs ?
No more demand about loyalty to their employers is needed ?
About judges being able to Critics every legal aspect of government and judgment without any need to keep an aspect of neutrality needed for a semblance of impartiality in judgment ?
About cops blaming government policies ?
Military ?

Would be nice to hear Pierre opinion about those .

free speech do not equal -> no need for ethical boundaries when u have certain responsibilities in certain professions .

Based on what u think those level are not too high ?
Have u seen the debt level of Canadians consumers ?
They are basically at record high while last time seeing those interest rates like 2008 ?
Go see how low those house prices were ….

As an aside note :

https://www.bnnbloomberg.ca/bank-of-...52592.amp.html

« Bank of Canada lost $522 million in third quarter, marking first loss in its history »

I guess will see how it will go .

I think they will even go higher but will see

Interesting. I'm lucky enough to have been on the other side of the equation recently, and have held off reinvesting money in GICs until this month as I think we could see a 0.25% BoC increase later this month (maybe 0.5%?) and then it will plateau and potentially slide a bit over the next couple of years. For selfish reasons, I hope you guys are right; I'd be happy to see these rates continue for a while. But housing is expensive enough for people already, so thinking of others I hope the increases are almost over.

You probably know this already, but just to make clear it is a common misconception that GIC rates are going to rise if the BoC rate rises. BoC affects the overnight rate, but a 5 year GIC or whatever is primarily based on the bond market. So yes there is some broad directionality between these two, but GIC rates have been faltering from their highs recently and iirc didn't actually go up much or if at all the last BoC rise. Basically, if the bond markets are pricing in a future decline (expecting future BoC stagnation or declines) the GIC rates will follow that regardless of what BoC is doing today.

Also congrats on being mortgage free you lucky ass!

Alex is great. What are Canada's net zeros goal? 2030 or 2050 I've lost track.

Breaking Points good commentary on Jordan Peterson

They will never meet any of their goals . Its all a pipe dream. Technology bails us out or we are screwed

7 years in power and they haven't reduced emissions yet.

Here in BC they will mandate all houses must be Net Zero by 2032. As well banking on electric everything banning natural gas All nuts

And what would happen if there was a technology for it but unfortunately would just be efficient for 50% of eradication ?
Now all the efforts today would of been worthwhile right ?
Or maybe technology would be available but maybe in 200 years and with the effort of present technology + personal efforts of reducing fossil fuel might get us there as well but not if we just focus on technology ?

That is the problem for all those advocates for fossil fuel ,
it’s always about all in or fold ,
binary thinking it’s yea or no ,
and not maybe a join effort in many different aspects to arrive at a good results for everyone ….

Doing zero efforts and just aiming at technology resolution is pretty dumb .

Ps: I’m not advocation to banning 100% fossil energy either tho ….
Fwiw humanity been able to survive for thousand of years without fossil fuel …..
Yes it would hurt us but for the majority of people without much energy it wouldn’t change a damn thing for them …
Rich develop countries would get screwed , but not humanity .
So rich countries should get in line quickly .

Interest rates are still 1% below the historic average.

As for high consumer debt, a problem caused precisely by low interest rates.

High interest rates are a solution to a problem, but they are painful and cause short term effects which can be seen as negative.

This is why interest rates spend too long at to low a rate, when they are too low the problems created feel good, yea man easy credit, hmmm tastes good. Hmm lets heat up the economy baby etc.

https://www.ceicdata.com/en/indicato...of-nominal-gdp

As u can see in the chart middle page .
The average debt to gdp is far higher from the « average » of the least 60 years .
Hence come to reason u can’t expect to have an historical average interest rates for todays debt level .

You cant see how this forces you into a trap of ever lower IRs, which only creates more debt, which only creates lower IRs, which only creates more debt etc etc etc?

At some point you have to put the break on, however painful it is in the short term.

There is a difference between putting the interest rates to cause a depression and crashng the real estate market , to a level where it’s sustainable .
0-.25% and 4% , there is a big margin .

Imho Unless people don’t mind to see there house value drop 30-40% , ira/tfsa drop 20-30% and have an unemployment rates at around 10% just to slow down inflation and still keep high level debts anyway , those rates wil come lower .

Sure. I was assuming GIC rates are an indirect reflection of where the "experts" and trend setters see the BoC rates going. With the BoC giving indications that increases aren't going to continue much longer, combined with the belief that longer term the BoC would be looking to nudge rates back down again, it makes sense to me that bond markets would be pricing in future declines. That's why I won't be waiting for the next BoC rate announcement before locking some money in, because I don't think a BoC rate increase will do much for the GIC rates.

But that's based on my very rudimentary understanding of these things; I'm always trying to learn more. We've gotten where we are purely through real estate investments; I've never even had a GIC or TFSA before last year.

Thanks, I am indeed lucky. And sometimes an ass.

There u go lozen .

https://www.cbc.ca/amp/1.6684902

« the RCMP are investigating after a police officer in Trail, B.C., launched a satirical, political website called the Church of Trudeau mocking the Prime Minister and funding of Indigenous and LGBTQ+ communities. »

Since u do not believe in the necessity of the perception of neutrality for certain job to keep the confidence of the people in the unbiased treatment of its citizen for ethical purpose , u will probably jump in this bandwagon and accuse JT of intervening in there as well or some kind of link to it ?

Unfortunate or him , he doesn’t have as much follower as Peterson.

He is employed by the RCMP and I believe he has the right to do this . If he is fired from his job he could apply at other police departments
Jordan Peterson is licensed by the Ontario Government if they suspend his license .....

Reality is all you do is give publicity to some obscure site that would never have gotten any .

People are entitled to were they believe funding should go. Personally I am all for Indigenous funding not sure why we need to fund the LGQBT2+ and dont get me going on the CBC Trudeaus personal media . Id like to scrap the Indian Act as well with something new that will never happen

Out of curiosity, why are you considering GICs?

I generally believe most investing in a TFSA should be broad market index funds. I've used GIC things for stuff like saving for taxes I know I will have to pay or other defined cost at a fixed time. But depending on exactly what your investing plans are, GICs should probably be a fairly small minority of that.

GICs are great to reduce volatility of a portfolio.

Try find me today an Investissement where u can earn 4-5% with absolutely zero % risk of lost of capital ?

Lol feel free to give it shot. Doubt you last 2 days with fossil fuels. Not surprised your perfectly fine with 6 billion people on the planet having access to basically none though.

I was responding from the context of « game over » by lozen .
So instead trying to strawmen me and diverting the subject into the irrelevance of my ability to survive or not in a post society without fossil fuel …..

The context was -> worst case scenario Humanity would survive without fossil fuel but wouldn’t with ever increasing of climate changes !

Ps: the hilarious thing about the typical trumpist game by you , of trying to win gotchya moment , thinking it’s more important then the subject itself ,
I even specifically said it just 1 sentence over what u bolded …
.


I guess the deduction u uses explain the love u have toward characters like Shapiro and Peterson .

No I never said it's game over I just stayed everything Canada has done hasn't reduced emissions one bit. As well every country keeps missing their goals and the biggest emitters China and India do nothing

Frick look at California either it's floods or fires .When you see that how do you deny climate change.

I saw one expert on tv that says if the world reduced their emissions to the goals it would take 40-50 year's see the results

Sadly greed and votes will never allow it to change.Look at Canada what provinces get screwed the most by Justin the ones that do not vote for him

I guess I misunderstood.

Hum yeah that is how it works .
We do it for later generations before it’s to late like many generations before us died in war so we could be free of whatever we want to do …..
The cost of reducing fossil fuel seem better then the cost of dying in wars .

This:

Until recently, all of our money has been tied up in residential real estate. Now that we've cashed out of our last home-turned-development, we've invested in our forever homes and the rest of our money will just need to generate us a no-risk steady income. Although if the right commercial real estate investment comes along, we might put a lot of it there.

That said, it might not be a bad idea for me to learn more about other options.