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The vibe shift, end of "wokeness"?

An illustration - Ted, Fred, and Jed are roughly the same age (30's) and live on the same suburban street, in near identical cookie cutter suburban family homes. Kids the same age, very similar family take home incomes. All are boring, rolling 5yr fixed over 25yr amortizations.

Ted bought his house in Jan of 2017 for $275k, renewed in Jan of 22
Fred bought his house in June of 2019 for $370k, renewed in June of 24
Jed bought his house in Dec of 2021 for $583k, renewal upcoming

Based posted non-high ratio rates available to them, for the last several years, their mortgages were:

Ted is still ~$970/month $11,640 per year
Fred was at $1320 month $15,840 per year until his renewal, then jumped to $1570 month $18,840 per year
Jed is at $2052 month $24,624 per year, staring down the barrel of a ~2300 month renewal at the end of the year


Ted's family can live a very different life than Jed's. Unless Jed is has buddha level self actualization that's going to weigh on him and influence his world view.

Then throw in his coworker Steve who makes the same money but is a few years older and bought in 13. Has Ted's mortgage payments and discretional spending level, but parlayed his equity into a much nicer house in 2018, a house that is now firmly out of reach for all of Ted, Fred, and Jed.
You just described my street.
 
My knee jerk reaction is burn the system down, its crooked and fkd.

But whats the alternative ?
No alternative- imo just a hope that we can return to a more stable market and that long term wage growth will make things more attainable. Chalk up the 2017-2022 run up as an anomaly that disproportionately impacted people at certain stages (like early 80's interest spike).

Ultimately the constant comparisons might make Jed angry at the world, but he's at least got a house and yard and kids, which 24 yo Chet can barely dream of

Edited addition- further discussion of the millennials. It's not just the Jed's. We/they all grew up in and came of age through the 90's and 00's, with a fundamental perception that lifestyle and socioeconomic station were primarily driven by income- which is primarily driven by work and choices. The run up spikes that relationship and throws everything we understood (both consciously and subconsciously) about how to perceive ourselves in society out the window. Layer on social media and a consumer lifestyle constantly rubbing our brains with the sandpaper of cognitive dissonance, screaming "this isn't how it's supposed to be, you should be doing better than you are relative to XYZ" and you get a super toxic mental health situation
 
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Putting this one here. Jamil Jivani on ending DEI based hiring policies in the federal government

 
The party's over, or at least shifting, it seems...

Ranking Canada’s most ideological companies​


Twenty of the top 25 TSX-listed Canadian firms explicitly advocate for DEI in their job postings, but there are signs that sanity is starting to return

When love dies, the ties that bind simply melt away. That’s the fate of the modern-day affair between western institutions and the virtue-imbued succubus of diversity, equity and inclusion (DEI).

How bad is DEI? At the extremes, the recent case of Henry Nowak, a murder victim who was handcuffed in his dying moments by British police rather than resuscitated — pandering to the assailant’s false claims of racism — can be traced to pervasive DEI training in the United Kingdom’s College of Policing and to such clumsily worded guidance as “our commitment to racial equity … does not mean treating everyone ‘the same.’ ”

Across Canada, similarly myopic training and skewed hiring behaviours have become the norm in recent years, busily cultivating a nightmare future where box-checking supersedes talent and mastery. But there is still a glimmer of light at the end of the long DEI tunnel.

A new report by the Aristotle Foundation for Public Policy focuses on Canada’s private sector, highlighting how even our leading companies are almost uniformly frozen in lockstep with the DEI zealotry advocated by academics. But the report also reveals belated signs of a long-awaited thaw.

 
PM Carney is our general in the war on wokeness. Poilievre would not have had the audacity to pull this off. Not to mention Canadians would have lost their minds if a Conservative were behind it.

Ignoring pesky ethical concerns, as a budding invester-bro I'm glad the direction PM Carney is moving our business sector.


Corporate watchdog was still accepting complaints as Carney abruptly closed it down


Carney says ‘lecturing countries from afar’ is an ‘ineffective strategy’

“I do see that lecturing countries from afar is an ineffective strategy,” Carney said in a press conference with reporters in Jeddah, Saudi Arabia on Thursday. “It’s satisfying, but it’s ineffective.”
 
PM Carney is our general in the war on wokeness. Poilievre would not have had the audacity to pull this off. Not to mention Canadians would have lost their minds if a Conservative were behind it.

Ignoring pesky ethical concerns, as a budding invester-bro I'm glad the direction PM Carney is moving our business sector.


Corporate watchdog was still accepting complaints as Carney abruptly closed it down


Carney says ‘lecturing countries from afar’ is an ‘ineffective strategy’
He’s treating this as an experienced business leader. Know when you can make a difference and when it’s a waste of time. Because time is money.
 
PM Carney is our general in the war on wokeness. Poilievre would not have had the audacity to pull this off. Not to mention Canadians would have lost their minds if a Conservative were behind it.

Canadians wouldn't have lost their minds until the establishment media spun them up because Conservative bad.

If you watch CBC you can physically see them squirm and twist in their reporting because they need to support a Liberal party that isn't doing Liberal things.

PMMC changed the game, like him or not. He blew up our traditional political landscape. And now everyone else is trying to re-establish where they fit in.
 
Canadians wouldn't have lost their minds until the establishment media spun them up because Conservative bad.

If you watch CBC you can physically see them squirm and twist in their reporting because they need to support a Liberal party that isn't doing Liberal things.

PMMC changed the game, like him or not. He blew up our traditional political landscape. And now everyone else is trying to re-establish where they fit in.
I think he’s recognized Canada’s spent years trying to be a shape of peg that doesn’t fit most of the holes out there in this day and age. I’m seeing a lot of him dragging government policy in a direction where Canada is more conformal with geopolitical reality, and trying to work with the world as it is, not how we might ideally wish it were.
 
I think he’s recognized Canada’s spent years trying to be a shape of peg that doesn’t fit most of the holes out there in this day and age. I’m seeing a lot of him dragging government policy in a direction where Canada is more conformal with geopolitical reality, and trying to work with the world as it is, not how we might ideally wish it were.

Agreed. He is definitely trying to realign the country.

But I don't think we can discount how he's absolutely reshaped out political landscape. Everyone with the exception of the Bloc is trying figured out who and what the represent now. My biases against the LPC remain solidly in place. But I can recognize the pivot and that their current leader is trying to do things I agree with. My jig will still be a spirited when they are finally ousted.

The question for me is does the LPC have the intestinal fortitude and personalities to carry on with this course after he's finished ? Or do they revert to comfortable LPC grounds and pivot back ?
 
Agreed. He is definitely trying to realign the country.

But I don't think we can discount how he's absolutely reshaped out political landscape. Everyone with the exception of the Bloc is trying figured out who and what the represent now. My biases against the LPC remain solidly in place. But I can recognize the pivot and that their current leader is trying to do things I agree with. My jig will still be a spirited when they are finally ousted.

The question for me is does the LPC have the intestinal fortitude and personalities to carry on with this course after he's finished ? Or do they revert to comfortable LPC grounds and pivot back ?
Since we are speculating about the future......

What if they are ousted by a CPC party that scraps the majority of the CAF initiatives that Carney is pushing forward?

For the RCN, 15 Rivers becomes 3-4, 16-20 CDC's become 10-12, up to 12 Type 212CD's becomes 4-6, stick with the Cyclone and we stay at 2 JSS bringing us right back to 1996. Let's all sing 'Macarena!'
For the RCAF, we go back to Harpers 65 F35's, we scrap the GlobalEye altogether, buy a new version of the Griffon, cancel/sell 2-3 of the refuelers and don't get more Chinooks or Apache's.
For the CA, they scrap the tank from the CA completely, scrap the AD that's coming, rollback the timelines on all other new equipment initiatives or cut them entirely, like the sovereign munition capabilities.
And finally for the last 1-2 knock out punches - they roll back all the pay raises and freeze any further pay increases as part of a wider Public Service austerity plan to cut overall Government spending and 'waste' so that they can implement a tax cut that delivers an average tax savings of say 1,100$ to every family earning less than 280k a year. With that salary cut and pay increase freeze to all CAF members, recruiting plummets and retention in the CAF falls off the face of the earth.

Again, since we are speculating about the future.......
 
Since we are speculating about the future......

What if they are ousted by a CPC party that scraps the majority of the CAF initiatives that Carney is pushing forward?

I don't think they would. I think a dirty secret in CPC circles is on the defense file PMMC and the LPC are announcing the right things, and they just wish it was them making the announcements.

Holding the LPC to the timely and economical delivery of those announcements is where the game for the CPC should be.
 
I don't think they would. I think a dirty secret in CPC circles is on the defense file PMMC and the LPC are announcing the right things, and they just wish it was them making the announcements.

Holding the LPC to the timely and economical delivery of those announcements is where the game for the CPC should be.
I hope you're right.

Because from a CAF angle, Carney is doing everything, and more, that my pro-CAF mind can think of. I want to see 15 Rivers in the water, I want 16-20 CDC's in the water, I want 12 Type 212CD's, 4 JSS. I want to see 88+ F35's in the air and a greater role in a GCAP/or viable alternative, where substantial aviation and avionics capability resides here in Canada, along with more P8's and GlobalEye and A400M's. A CA that has another RegF Brigade standing, proper AD and modern armor and an expanded arty capability and drones, drones, drones. And, to something that sounds dear to you, a supply chain that is robust, well stocked and sourced locally as much as possible and available when called upon.

I want a CAF that is complimentary to a G7 country of 40million that is the 2nd largest land mass and the longest coastline in the world. Until I hear another party leader come out publicly that they will continue and enshrine all of the above, well.......
 
I hope you're right.

Because from a CAF angle, Carney is doing everything, and more, that my pro-CAF mind can think of. I want to see 15 Rivers in the water, I want 16-20 CDC's in the water, I want 12 Type 212CD's, 4 JSS. I want to see 88+ F35's in the air and a greater role in a GCAP/or viable alternative, where substantial aviation and avionics capability resides here in Canada, along with more P8's and GlobalEye and A400M's. A CA that has another RegF Brigade standing, proper AD and modern armor and an expanded arty capability and drones, drones, drones. And, to something that sounds dear to you, a supply chain that is robust, well stocked and sourced locally as much as possible and available when called upon.

I want a CAF that is complimentary to a G7 country of 40million that is the 2nd largest land mass and the longest coastline in the world. Until I hear another party leader come out publicly that they will continue and enshrine all of the above, well.......

I think you're preaching to the choir.

Again holding their, the LPCs, feet to the fire on the timely and economical delivery of the announcements is where the fight is for the CPC.
 
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