Author: Dennis

Nuisance Lawfare

Climate Cult Democrats Insufferable Twits Y2Kyoto 17 Comments

Given the litany of idiocies perpetrated under America’s tort law system, the last thing anyone needs is for this latest gambit to gain traction.

The Supreme Court grappled Monday with whether local governments can sue oil and gas companies in state court to help cover costs associated with climate change, an issue with potentially billions of dollars at stake.

Governments from largely blue-leaning areas around the country have filed similar lawsuits seeking damages that could total billions of dollars, part of a wave of legal action worldwide seeking to leverage action through the courts.

A Challenging Collapse

Gradually Then Suddenly It's Probably Nothing 4 Comments

I seem to recall that the housing bust of 2008 lasted a lot longer than a couple of months. The company I used to work for once offered farm machinery financing at 3 to 4 percent interest. Now it’s over 7 percent. That’s got to be causing someone to say “I’ll wait”.

“The housing market was not in a robust place to start off with. And then with mortgage rates moving up the way they have, I think we’re going to see a challenging couple months ahead,” Hale told Yahoo Finance.

Mortgage rates rose sharply in September, starting the month well below 7% and ending around 7.5%.

 

Changing Channels

Gradually Then Suddenly It's Probably Nothing Media 11 Comments

While we still have a Netflix subscription, that used to come without ads. Now you have to pay extra for that and it’s no shock that viewers are turning away. Personally, I find an ad free subscription to YouTube to be superior value for money. The only annoying thing is that many YouTubers are now inserting lengthy product endorsements into their programs. But at least you can just hit the fast forward button.

Last month, HSBC and Wells Fargo both downgraded Netflix over engagement – with HSBC’s Mohammed Khallouf moving the stock to Hold from Buy and cut his price target to $76 from $96, citing YouTube’s growing living-room presence and Netflix’s falling share of U.S. TV time. Wells Fargo’s Steve Cahall cut his rating to Underweight from Equal Weight and his target to $57 from $80, citing “worrying” engagement trends.

Funny Money

DigitalCurrency Gradually Then Suddenly It's Probably Nothing 24 Comments

I’ve never owned any crypto currency mainly because I don’t believe it can serve as money in any useful fashion. That’s not to say I’m a fan of fiat currencies, but if any fiat currency experienced this kind of volatility, you couldn’t transact with it either.

The token hovered below $83,000 after a swift crypto sell-off triggered roughly $696 million in liquidations over 24 hours, with long-positioned traders bearing almost all of the losses, according to Coinglass data.

The vast majority of the damage occurred over a 12-hour window, driven primarily by forced unwinds of Ether (ETH-USD) and bitcoin positions.

 

Rioting Surrender Monkeys

entitlement generation It's Probably Nothing nannystate 16 Comments

Couldn’t they just freeze their bank accounts? Oh, wait, these protesters are leftists demanding more free stuff, so outright violence is an acceptable way to get that.

Police fired tear gas to control crowds in Paris and elsewhere in France on Tuesday as more than a quarter of a million people rallied nationwide to support high school students demanding more education funding,

“Riot police, batons, rubber bullets, tear gas,” said Aurélien Le Coq, a lawmaker with the far-left France Unbowed party. Its presidential candidate is strongly backing the protests. The violence is “absolutely unbearable,” Le Coq said.

 

This Is A Stickup!

Chief Big Screen TV entitlement generation We Are All Treaty People 10 Comments

Translation: We want a bigger bribe.

“Sometimes when that happens you’re going to hit the ground, and that ground is our First Nations. Because regardless of any legislative changes, regardless of their processes, we still have our rights — they’re still intact,” Mercredi said.

“What they’re doing is weakening their own processes to develop the resources, which does not work in their favour if a (legal) challenge comes from a nation. They can still hold the key. That’s what people have to remember.”

Jumping Off The Fiscal Cliff

entitlement generation Gradually Then Suddenly It's Probably Nothing 20 Comments

As bond yields continue their quick march upwards, inquiring minds want to know how a fiat currency regime plans to square the circle of exponentially rising debt and exponentially rising debt service costs.

In a much worse scenario, the next steps would need action by ⁠the Federal Reserve. One would be buying long-term bonds on a large scale, similar to the 1961 Operation Twist. The other would be putting an outright cap on long-term yields, which the US has not done since World War Two.

Ultimately, the only way to fix the debt problem is ​by cutting spending, said Veronique de Rugy, senior research fellow at the Mercatus Center at George ​Mason University. “Congress needs to do a fiscal adjustment. Austerity, in other words. The Fed can’t do it alone.”

But we all know that John Q. Voter will pummel any politician who threatens to limit his access to free stuff.

Protection Money

Canada’s Bolsheviks Chief Big Screen TV entitlement generation We Are All Treaty People 23 Comments

Back in the day when I ran for provincial and federal office a few times, the buzzword when dealing with aboriginals was “self-government”. Naturally, no one could define what that meant; you were just supposed to agree with it. Same goes today for “reconciliation”. If you can get to the end of the article without feeling physically ill, I congratulate you.

Littlechild said that while Carney has been focused on securing overseas investments, he’s ignoring the rights of Indigenous Peoples at home and sidelining their traditional economies by fast-tracking legislation that would allow for quicker project approvals and environmental reviews.

The “carrot” approach can be seen in how Carney’s cabinet is encouraging First Nations to back the Trans Mountain pipeline through a low-cost loan and a $2.5 million payment for willing investors that some are comparing to a bribe.

Too Little, Too Late

Canada’s Bolsheviks Gradually Then Suddenly It's Probably Nothing nannystate You Might Be A Liberal 11 Comments

If the regulatory burden wasn’t so onerous, a northern pipeline would be self-financing, thus relieving Ontario taxpayers of the capital expenditure. But Blubber Dougie will promise pretty much anything to anyone these days, as do most of his political counterparts across the nation.

“Ontario is ready to supply the patient capital needed to get the project built,” Ford said. The premier later told reporters Ontario won’t pay for the pipeline alone, and that he expects outside investors to come to the table.

I guess Ontario’s deficits will just pay for themselves if only we build some pipelines?

Recall that back in 2018 Doug Ford called then-premier Kathleen Wynne’s spending “reckless” — which it was. But the deficit that year was $3.7 billion, not $13 billion. If the previous Liberal government’s $3.7-billion deficit was reckless, how the current government’s $13-billion deficit can be responsible is a mystery Premier Ford and his finance minister have left unexplained.

Dumb And Dumber

Gradually Then Suddenly Insufferable Twits nannystate 30 Comments

Sometimes I wonder why the main political parties don’t just merge and get it over with. When they appear to agree that deficits will somehow pay for themselves, what difference would it really make?

British Columbia NDP Leader David Eby says his government would bring down the multibillion-dollar deficit year-over-year if elected by growing the economy and cutting what he called wasteful spending.

The province faces a projected deficit of $13.8 billion and Doerkson says Conservatives would trim that by growing the economy, if they win the snap election on Oct. 24.

Lightening The Burden

47 Climate Cult nannystate 12 Comments

Too bad they didn’t scrap the requirements entirely. But it’s a step in the right direction.

The Department of Transportation and the National Highway Traffic Safety Administration estimated that the finalized standards would correspond to a combined industry fleetwide average of roughly 34.9 miles per gallon for passenger cars and light trucks in the 2031 model year. That’s up from 30.1 miles per gallon for model year 2024, but down from a projected 50.4 miles per gallon in 2031 under rules put in place by the Biden administration.

Climate Marxism

Canada’s Bolsheviks Climate Cult nannystate Y2Kyoto 31 Comments

So Doctor Fruit Fly is frustrated and angry with our new PM? If only Carney would give him a lot more to get angry about.

Suzuki, 90, retired from hosting the show four years ago, but still wants to talk to Canadians about the environment. This time though, the educational message is tinged with exasperation.

Canadians and people around the world have their priorities wrong, he said.

“So if that doesn’t tell you right there what kind of a f–ked-up system we have, that is exploiting the very things that keep us alive. And we don’t put any value on it.”

The Masochistic Economy

entitlement generation Gradually Then Suddenly It's Probably Nothing nannystate 8 Comments

Economies with fiat currencies will always have a tough time handling higher interest rates, given the exponential growth in debt that necessarily goes along with fiat. The insatiable demand from low IQ voters for more free stuff doesn’t help either. Nonetheless, it looks like we’re in for more rate hikes in the near future. Hold onto your hats, folks.

“Further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion,” Barr said in a speech in Chicago. “Inflation is above our 2% target and not clearly trending toward target in a timely way. Moreover, risks to achieving our inflation target have increased, while risks to the labor market have receded.”

To make matters worse, we now have a seven percent solution for the US housing market.

Flaming Solar Farms

Climate Cult Drill, Baby, Drill There Goes The Narrative 12 Comments

The 21st century version of the Springfield Tire Fire. I can’t wait for the day when solar arrays dot the landscape. Can you?

A fire at a solar farm in western P.E.I. is out after some battery cells burned, smouldered and flared up for two weeks.

On the day the fire started, which was the Labour Day holiday, a shelter-in-place order was issued, as well as a voluntary evacuation notice, and some roads were closed. Two schools were closed the following day.

 

Circling The Drain

Gradually Then Suddenly It's Probably Nothing 6 Comments

If you’ve checked out the price of beef lately or had a look at the prices on almost any restaurant menu, this should really come as no surprise.

Meritage Hospitality, one of Wendy’s largest U.S. franchisees, filed for Chapter 11 bankruptcy protection on Thursday.

At an investor conference in June, Meritage CEO Bob Schermer Jr. said that store-level earnings before interest, taxes, depreciation and amortization had plummeted 48% in 2025. Rising beef costs and increased discounts weighed on the franchisee’s profits.

Circling The Drain

Gradually Then Suddenly It's Probably Nothing 6 Comments

Since everyone knows these “limits” are never going to be enforced, the EU is like the father endlessly shouting “don’t make me come up there!”

A ministry source told reporters the public debt would reach 119.3% of GDP in 2026 and 121.7% in 2027, more than double the 60% of GDP reference limit EU member countries are required to aim for.

France is the third most indebted country in the eurozone, behind only Greece and Italy.

Shifting Deck Chairs On The Titanic

#WalkAway Gradually Then Suddenly Great Reset It's Probably Nothing New Governor 48 Comments

It’s odd that associate membership with the EU was never once mentioned during the last election, yet today it is being celebrated by the chattering classes as if it were the best thing since sliced bread.

European Commission President Ursula von der Leyen proposed Canada becoming the first associate member of the European Union.

Not everyone is cheerleading, however. But you have to go to lesser known publications to see any of that.

Smyth used stronger language in an August article in The Western Producer, writing that joining the EU would be an “unmitigated disaster.”

“The EU bans most of the technologies that have enabled Canadian farmers to become the most sustainable producers of crops anywhere on the planet,” Smyth wrote.

 

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