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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.

January 22nd, 2020 | The Way Out?

The Greater Fool -   So if half the people on your street are within $200 a month of insolvency, they must be morons, right? Nah. Of course not. They’ve just made bad choices. They have kids, cell phones, cars, houses, Netflix and jobs. They’re getting by. Taking vacations. Going to the mall. Timmies. Hockey. Living a life. Doing […]

January 21st, 2020 | The Failure

The Greater Fool - Alas, this blog has failed. Perchance it’s time to pack up the kibble and squeaky toys, the ETFs and the spreadsheets, and scamper off into the ether. After all, what’s the point? The nation ain’t listening. We have several reports. Be strong. A week ago the central bank released a survey of what people anticipate […]

January 20th, 2020 | Canard, Part Deux

The Greater Fool - Yesterday we brought you news that the dude in charge of Canada’s housing agency thinks real estate is a fat canard. We’re obsessed with it, says he. Realtors are drunk on their own excess. Society is nuts for glorifying the SFH. We’ve made renters into second-class citizens. Worse, even. Losers. Well, here are some interesting […]

January 19th, 2020 | The Canard

The Greater Fool - Are single-family homes a waste of space, a crime against Greta, arrogant, egocentric, bourgeoisie and a hateful, hedonistic social extravagance? Duh. Of course they are. At least governments are now thinking that way, and the consequences are piling up. BC and Vancouver have declared war against detacheds, as you know. As a result, valuations have […]

January 17th, 2020 | Dr. Garth

The Greater Fool - The clinic is now open. Please stop vaping and form a neat line out through the parking lot. Remember to step over the dog as you enter. No exposed hands. He’s having a bad day. Okay, Cheryl, you’re first. Hello Garth, I have been following your blog for years, found it highly helpful!  My daughter […]

January 16th, 2020 | Kids

The Greater Fool - I have no kids. Forty-nine years ago I married Dorothy to be with her. Not to have a family. She was good with that. If you get through this life with one true, forever friend, she once told me, you’re lucky. I got mine. Why do most people have children? Historically, it made great sense.  […]

January 15th, 2020 | The News

The Greater Fool - And now for the news. Sit, stay and pay attention. MOMS BUSTED: Yup, the cops moved their squatter butts out of that house in Oakland, California during a morning operation. It took several sheriffs, some guns, 30 SWAT guys and a mini cop-tank to do it, but the Moms4Housing are now kaput. There were four […]

January 14th, 2020 | Mom Money

The Greater Fool - Ruth is 72. Spry. Her kid, Marion, is 44. Worried. Harold, husband and father, checked out eight years ago. Dead. No pension, but he left his wife of forty years a nice house. “I’ve pleaded with her to sell it,” says M, “and even suggested she read your pathetic blog, but nothing works. This week […]

January 13th, 2020 | The Gig

The Greater Fool - Last week ended with news of 35,000 jobs created in December. Big relief after a disaster the month before. As it turns out, Canada churned out 320,000 jobs last year – one of the best performances since the lights went out back in 2008. Who’s working? Well, almost all new jobs last year came in […]

January 12th, 2020 | Right vs Right

The Greater Fool - Once a radio and TV guy, then a municipal politician, Adam Vaughan is now a federal Liberal MP from Toronto. During the last election campaign the Cons made a big deal of publicizing a proposal from Vaughan to start taxing residential real estate. The plan, as stated, was to charge people capital gains tax on […]

January 10th, 2020 | Spendy People

The Greater Fool - A rate cut this year? Fuggedaboutit. Canada created over 35,000 jobs last month. The unemployment rate fell. The 2019 job creation total – despite a few months of suckiness – was the second-best in 13 years, at more than 320,000. So the central bank took a gamble last year when the Fed was chopping (three […]

January 9th, 2020 | Bill’s World

The Greater Fool - Where’s real estate going this year? As mumbled here with numbing repetition, all markets are local. Calgary is sick. Edmonton and the Peg are frozen. Vancouver is still decelerating. Victoria is stable. Toronto is tightening and troublesome. Montreal’s on a roll. Halifax is on hold. Taxes have sucked net worth out of detached houses in […]

January 8th, 2020 | Faith

The Greater Fool - Trump assassinates a senior official from another country on foreign soil. That nation vows revenges and attacks a US base with rockets. Concurrently a deal to eliminate new nukes falls apart. Meanwhile Trump’s impeachment trial approaches. Worried people buy gold, bonds and bitcoin. The world braces. And Mr. Market? He goes up. As dawn broke […]

January 7th, 2020 | Dr. Garth

The Greater Fool - We may not be able to fully protect you from Donald you-know-who, T2’s coming tax fest, death-by-Reaper from above, critter-killing climate change, the Wexiteers or Drake’s forthcoming album, but we aim to combat financial stupidity, every chance we get. And that brings us to Nurse Bethany. She’s 23. Wants to retire. “Thanks for your daily […]

January 6th, 2020 | The General

The Greater Fool - When the Iranian rockstar general was incinerated by a missile fired from the Reaper drone four days ago, a lot changed. Stocks fell, but hardly. Oil jumped. The traditional safe havens of gold and bonds saw an influx of worried money. All that was pretty predictable. Less predictable was the reaction in Tehran, where the […]

January 5th, 2020 | What They Want

The Greater Fool - One of our addicted regulars, a blog dog with no discernible outside life, has argued nobody – ever – should be allowed to take their pension money out of a plan. The logic, simple and flawless: by sucking your share the entire plan becomes less stable. More prone to collapse. Less able to pay everybody. […]

January 3rd, 2020 | Dr. Garth

The Greater Fool - Forget Trump and Iran. Plus the impeachment. Oil surging wildly. Whipsawed markets. Australia burning. Hong Kong’s crisis. Climate change or the bond market. You can’t do diddly about any those things – but you can make good choices in your own life. And that’s what this free clinic is all about. You’re just in time. […]

January 2nd, 2020 | Day Two

The Greater Fool - Welcome to 2020, shoppers! Believe it or not, the ‘spring’ real estate market begins within the next few days in Vancouver and the LM. Within two weeks it will be rolled out in the GTA. After that it’s basically rutting season everywhere, with the exception of frozen Quebec, the flat places and (of course) that […]

January 1st, 2020 | Be it Resolved

The Greater Fool - Bandit decided to throw up at 4 am on New Year’s Day. A surprise, since he didn’t even have that many Shooters last night. In any case, the hours spent sitting holding his paw provided time to finish your list of 2020 resolutions. So be it resolved that you will… Try to borrow nothing. Easy […]

December 30th, 2019 | The Stampede

The Greater Fool - The common wisdom on The Street is Trump’s a cinch in November. Confidence that the growth-at-all-costs president will win in the coming election is part of the reason investors think markets will melt up in the next few months. After all, it’s the economy, stupid. Unemployment’s at a 50-year low. Corps are making big bucks. […]

December 29th, 2019 | The Security Blanket

The Greater Fool - In a day or two you’ll get the Greater Fool FFPs (Fearless Foolish Predictions) for 2020. Here’s a preview. One of them will be a market melt-up, for at least the first few months of the year. No recession. No shocks. Except Trump, maybe. How best to take advantage of economic growth, rising asset values […]

December 27th, 2019 | Let the Dogs Out

The Greater Fool - Friday was the last day to sell a security, have it settle and be able to claim a loss again gains. If you weren’t aware losses could be deducted from profits in order to reduce taxes, well, now you do. If fact, it gets even better… Losses (usually from dog stocks your idiot BIL told […]

December 26th, 2019 | The Envelope, Please

The Greater Fool -   1. Justin Trudeau is the prime minister after the Oct. 31 election. What percentage of the vote did he receive in order to form government? (a) 71.4% (b) 33.1% (c) 52.3% You don’t need a majority of voters supporting you to form government in Canada. You don’t even need to get the most votes. […]

December 25th, 2019 | Now What?

The Greater Fool - Okay, it’s over. Presents done. Kids jollied. We’re all bored now. So, let’s have a wee quiz, just to see if you’ve been paying attention to this pathetic blog over the past year. Answers tomorrow. Do not cheat and ask your 5-year-old niece to Google any of the questions. Be humble. 1. Justin Trudeau is […]

December 22nd, 2019 | Too Much

The Greater Fool - John’s a lucky guy. At 32 he’s got a $1 million house (no mortgage) plus $800,000 in cash and liquid investments. Yup, inherited. He and his fiancée are getting married in 2020 and with a combined income of $90,000, hope to save a third of it annually. No debt. “Your blog is a national treasure,” […]
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