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Garth Turner

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A best-selling Canadian author of 14 books on economic trends, real estate, the financial crisis, personal finance strategies, taxation and politics. Nationally-known speaker and lecturer on macroeconomics, the housing market and investment techniques. He is a licensed Investment Advisor with a fee-based, no-commission Toronto-based practice serving clients across Canada.

October 28th, 2020 | The Opportunity

The Greater Fool - What do we make of a few ugly days on the markets? Well, speculation grows a certain American president that this blog cannot name (until after  Wednesday) may not cede power if he loses the vote on November 3rd. You might wish to read this. Could it lead to conflict in the streets, while the virus […]

October 27th, 2020 | The nipper

The Greater Fool - After yesterday’s post and comments, the tearing-apart and shredding of each other, the online unreality of our lives, the bickering, insults, conspiracies, pathetic polarization and geriatric swaggering, I was calmed to read his note. So shut up and do the same: Many years ago we had a dairy farm, and as all good cow-men should, we […]

October 26th, 2020 | The Virus Vote

The Greater Fool - One week before the US elections and many investors (despite Monday’s plop) have decided it’s over. She’s done. Trump is toast. Now, let’s be clear: there could be a big momma of a surprise. 45 might pull this out of the bag by taking Florida. Or if the results are close on election night he […]

October 25th, 2020 | Alphabet Soup

The Greater Fool - V, K or just Limp? What’s the economy doing? Where’s it going? When will this dogawful nightmare be over? Apparently this all depends on you. Rockstar bank economist Benny Tal told a private Toronto audience a few days ago that two-thirds of the economy is in a V-shaped recovery. Things were good for investors in […]

October 23rd, 2020 | Le Pain

The Greater Fool - Crazy times? You bet. Remember them. This week Le Chateau went bust. Over 120 stores will close and 1,400 more people lose their jobs. Also in the last few days the airlines are making a final desperate case for federal aid before the hammer falls. Westjet bailed out of Atlantic Canada and is trying to […]

October 22nd, 2020 | WFW

The Greater Fool - When Westjet pulled the plug on Atlantic Canada some days ago, I was moved to post this on a local chat board: ‘Bubbles have consequences…’ The response was predictable. “Garth doesn’t get it,” and “No, wrong. Pandemics have consequences”, were typical replies. And so the virus continues to divide us. As a reminder, my choice […]

October 21st, 2020 | Herd Immunity

The Greater Fool - Remember the words posted here weeks ago about the coming condo collapse? Well, presto. It’s here. At least the beginning. Right on cue. For example, a one-bedder unit just steps away from the sky-darkening bank towers at King & Bay in the Big Smoke was commanding $1,200 for each of its six hundred feet in […]

October 20th, 2020 | When The Party Ends

The Greater Fool - Aren’t you tired of Millennials? Whiskers, tats, bicycles, house lust, skinny pants. Yeah, me too. So let’s talk about old snort issues for a few minutes. Like how to get money out of your investments without being nuked by the virus or taxes. Joan, in BC, throws us this question. We have a financial advisor […]

October 19th, 2020 | The End is Nigh (not)

The Greater Fool - The American stock market sits near a record high. In the middle of a recession. And a pandemic. Which grows worse. With a crazy uncle dude as president. How can this be? How can it last? Nary a week passes on this pathetic site without some wuss predicting collapse. Mayhem. Apocalypse. A market crash and […]

October 18th, 2020 | Nothing is Normal

The Greater Fool - First, Trump. Then Chrystia. The world’s holding its virus-tinged breath awaiting November the 3rd and the outcome of the American election which has been as weird as expected. That crazy uncle is now being given a 12% chance of winning, while the boring old guy gets 87% odds (the latest from But, who knows? 2016 […]

October 16th, 2020 | The Runts

The Greater Fool - Would you live in 455 square feet? Or pay six hundred thousand bucks to do so? Nah, didn’t think so. That’s less space than a decent garage. Thirteen hundred dollars for every 12 inches of it. Plus monthly fees, insurance premiums, utilities and property taxes. But thousands of these micro-condos have been built over the […]

October 15th, 2020 | Virus Porn

The Greater Fool - Mr. Market wavered a little this week as the virus misbehaved. That silver-bullet vaccine has yet to surface. Europe’s going into lockdown again. You can’t eat inside a Toronto restaurant anymore. A majority of US states have rising infections. And the American president says after being exposed and sick he’s now immune, so whazza problem? […]

October 14th, 2020 | Losing It

The Greater Fool - Here’s Tom, from Windsor. It’s interesting, that city. Two hundred thousand people living in the southernmost place in Canada corded to Detroit by the busiest border crossing in North America. The trouble is, the border’s largely closed – essential travel only. Thanks to Covid. The local economy is decidedly blue-collar. Cars rule. Chrysler is the […]

October 13th, 2020 | Less Than Zero

The Greater Fool - The virus news sucks. Ontario started shutting down again late Friday. Real estate open houses are kaput. Quebec’s a mess. Cases continue to pile up in the States, Europe and Asia. Two pharmas just suspended vaccine trials. Trump’s claim for a cure by election day is just more of his hot air. Your odds of […]

October 12th, 2020 | Outta Here

The Greater Fool - These last eight months have brought a housing revolution. Who ever imagined a virus would ignite a rush into sleepy London, pedestrian Halifax or boring Kelowna? But it’s real. Stunning, in fact. Sales in those places are up dramatically and prices have increased by at least a third. We’re not alone. The same pattern has […]

October 8th, 2020 | The Last People Standing

The Greater Fool - From Rossland, BC to gritty Toronto to rural Ottawa, nothing – nothing – is normal. Blame Covid. And it ain’t over yet. Real estate values are being skewed as never before. As a result risk, and its flip side – opportunity, are elevated. The virus has infected the brains and loins of Canadians and we […]

October 7th, 2020 | The Confidence Man

The Greater Fool - Lost in the Trump vs Science debacle this week was our own epic battle. On Tuesday night the Trudeau Libs, propped up by the Dippers, clung to power. As a result, (a) no election and (b) hang on to your wallets. This greenlights the first Chrystia Hoovering, expected to come as an economic statement in […]

October 4th, 2020 | The Bestowal

The Greater Fool - In a few days it’ll be a Thanksgiving as never before. Seven months of pandemic. A shortfall of $350 billion in Ottawa. Mortgages at 1%. A real estate boom in a recession. Business failures everywhere. Grounded airplanes. Black Lives Matter and Proud Boys. Masks everywhere. The American president hospitalized. A second wave. And yet we […]

October 1st, 2020 | Careful What You Wish For

The Greater Fool - An hour into the disgraceful Trump-Biden brawl Google searches for ‘moving to Canada’ peaked. Of course once scared Americans started looking at real estate prices in this great, frozen, pooched nation, it fizzled a bit. “My grandparents’ small house in southern Ontario was just resold for $775,000,” a Twitterite posted. “About 3 times what we […]

September 30th, 2020 | The Choice

The Greater Fool - “So,” she said, “what did your little rabble think of the debate?” Dorothy rarely cares what happens on this pathetic site, for which I am uncommonly thankful. But sometimes she asks. I cannot lie to the woman, since she (like most long-term partners), has brain-piercing powers. Deception is futile. “They hated it,” I said. And […]

September 29th, 2020 | The Protest

The Greater Fool - Note to readers: If you come here to leave a comment trying to influence the US election, ah, go away. I warned weeks ago that mindlessly partisan posts would be deleted. You know who you are. The social media world is polluted, corrupted, invaded, twisted and polarized enough without that swill slopping over our gunwales. […]

September 28th, 2020 | Feeling Ill

The Greater Fool - Wow, whadda week. The Confidence Man In Ottawa the big confidence vote may be called. It’s now a nothingburger, since the Dippers won everything they demanded of the Libs. The CERB is back and being extended for as far as the eye can see – although it’s called different names (enhanced EI and CRB). Does […]

September 27th, 2020 | Tell Me Why

The Greater Fool - Shortly, we’ll dissect Arnie. First, a few hungry little harbingers. One. More evidence WFH is not a thing. Not an enduring one, anyway. Next Monday a third of Citi’s 17,500 New York employees will be at their desks on Wall Street. Bank of America managers are back on October 21st. JP Morgan began a staggered […]

September 25th, 2020 | Suck & Blow

The Greater Fool - One problem with running a free blog is that anyone can come in, use the washroom, make a mess, rifle through the fridge, write on the wall and leave, smirking. So far there have been 686,200 comments published here. A whack more were deleted – too combative, disgusting, shanky, horny or dodgy to post. Free […]

September 24th, 2020 | They Did What?

The Greater Fool - Was the bond market surprised when Mr. Socks let it be known federal spending was just getting going? That the estimated $380-billion annual deficit was, well, merely a starting point? Nah. Rock-bottom yields hardly budged on Canada bonds after the Throne Speech. Mr. Market says the central bank will continue to gobble up debt, creating […]
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