Continues fromrickc rickc:
Ah I see you think a major recession is on the way. Today's stock market results would definitely back you up on that one. Huge sell off today. I'm glad I got out when I did. I got out before the election. I felt like the market was just too high. It never goes up in a straight line. It always takes breaks on the way up. It was overdue for a correction even without all the madness and uncertainty. One of the few times in my life where my timing was pretty damn good.
Yup. I have lost more than one annual income because I didn't get out soon enough. This time, I stayed out of the fast money, and went for the long term. I'm up about 20% so far this year, including these last few days.
Doesn't make up for Bre-X, and MP3.com but nothing does

rickc rickc:
I was arguing with people on Facebook
Well, there's your problem.

rickc rickc:
the other day about the snowbirds leaving and possibly not coming back. I live in an area that depends on the tourists and the snowbirds. People who do not work in tourism like to mouth off online as they believe that the drop in tourism will not affect them. They are wrong. When tourists stop coming and spending money, businesses lay off people. Those people that get laid off cut back on their spending in the non tourists areas of town. Those businesses start to layoff people. It starts a chain reaction. The city still has bills to pay. They still have schools, fire departments, and police departments to run. When sales taxes and income taxes go down, property taxes go up. Police ticket quotas go up. The city is going to get their money one way or another. The tourists can pay it, or the locals can pay it. Losing a source of revenue is never a good thing.
It's much worse than that. Yes, there are Snowbirds who will pack up and not come back, But one thing we can thank CheetoMussolin for is he has united us in a way not seen since WWII. We have been so focused on north/south trade that we didn't do much east/west. It was actually illegal for me to go to a winery in BC and bring back a case of wine! There was a Supreme court case about a guy who went from New Brunswick to Maine(?) and brought back a few cases of beer, and was charged. Now we can do that, because it's silly. We can't drive a heavy truck in Ontario and then o Manitoba because the tire standards are different. If you were a registered nurse in Quebec, you had to get you certification again to be a nurse in Saskatchewan. Insanity! But it didn't matter because we didn't trade that way.
What the US President has done is cause us to form committees to look at all this nonsense, and harmonize standard across the country to allow for the free flow of trade and labour. We'll start pipelines from the west to the east delivering oil and gas so that it can remain inside Canada and not be subject to the whims of anyone that doesn't have Canada's interests at heart.
PEI won't be dependent on a pipe that runs in from the States. Quebec can use Alberta Natural Gas instead of fuel oil from New York.
Which sound all good. But the downside for the US is that as we move trade east/west, we will be reducing it north/south. And it's not going to return. Much of the electricity on the Eastern Seaboard runs south from Ontario. If Premier Ford gets pissed off, he has said he will shut the power off 'with a smile on his face'. And he was just re-elected with that as a mandate.
So, yes, people are moving back north. People are cancelling their vacations. People will go to Cuba rather than Florida. And they are likely not returning.
People voted for the second trip on the
![titanic [titanic]](./images/smilies/tit.gif)
so in Canada they can find sympathy in the dictionary between shit and syphilis.