What can I say, we’ve had snow here on the southern tip of Vancouver Island. Not a great deal, not enough to trigger a ‘snow day’, just a strinkling for decoration. No biggie. Just make sure you have your cold weather tyres on and turn up as usual. Well I would if my desk required a commute. Which it doesn’t. Which at the moment is nice. The only downside is that you have to be really careful about how many hours you work. It is very easy sometimes to work over seventy hours a week if things get a bit hectic. Fortunately work is quieter at present and the powers that be less demanding. Maybe they’re hibernating? No matter, I just keep my head down and graft until my scheduled tasks are done and decline any further workload. On the grounds that I’ve got enough to do already. Besides, my ambitions have shifted away from being purely employment focused. It’s safer that way.
One thing occurred to me while I was watching a fine snow fall Sunday and Monday was all the talk of Martial Law floating around circa a no-deal BREXIT. It’s almost as if Theresa May et al are looking for a way to not deliver, which I personally wouldn’t put past her and her remainer cohorts. There’s an air of not so quiet desperation about the remoaner faction. It’s like they’re planning to act like a spoiled six year old on the losing side of a game, who runs away with the ball so no-one else can play any more. I have this awful suspicion they’re going to welsh on the British people, or try to provoke a violent reaction so they have an excuse to keep the UK firmly in the EU’s clutches, because actually getting on with running a country is such hard work don’cha know. Not that the alternative is any better. All Labour ever achieved for the UK was ‘managed decline’ and the Tories (and the country) need another Thatcher. Or at least something or someone the economically productive can feel secure about, because when they feel good the money flows, investment rises and unemployment drops. Which is good for everyone but extreme lefties in academia and those in the public sector.
Having worked in both public and private sector institutions I’ve come to prefer the private. Working for the public sector puts too many constraints on you as a person, far more so than in a large corporate. The work may be much easier in the public sector, but where’s the fun in that? Where’s the challenge, the adrenaline rush?
This worker has seized his own means of production like we all should and has learned ways of moving his resources rapidly, just in case the jealous beast of big government casts envious eyes upon that small fiscal redoubt he has built outside of the banking system. Because even banks can fail. Yes they may have all the money, but as in the case of BNP Paribas, the biggest French bank by market capitalisation, has had to retrench recently. Trading losses forced it to make cuts of almost half a billion quid. This is symptomatic of a general malaise across European investment banking. Nothing for customers to freak out about yet, but certainly a sign that the uncertainly about BREXIT and unrest throughout Europe is being felt further along the European financial food chain. A clean break would be far less painful. I’m moving my money out of continental Europe until the dust settles in five or ten years time. Covenant-lite loans will be Europe’s next downfall. The Euro is already down and has further to go. Which will be good when the big money finds a new safe haven in Sterling and the US Dollar.
While contemplating the above I took a time out to inspect our little Winter deck garden, I was amused to see our Snowdrops and Crocuses have punched their way through a thin crust of ice and snow to provide a little colour other than white everywhere. When the clouds part, the Crocuses have their petals spread wide in a huge YAAAY! to great the thin warmth of a Winter sun. Life is perennial like that. There might be snow and rain, but there will always be the odd flash of sunlight to lighten the gloom. Those are the moments to live for.
What else? Oh yes, never mind his state of the union triumph, Trump has by executive order escalated the trade war against Canada. Is it being reported? Not so much. Very little. In fact a crucial detail completely slipped under my radar. The FT missed it completely, despite the the relevant executive order being on the official White House web site. Canadian companies being given the big shut out from the USA? By the way, Obama did exactly the same thing back in 09, but our then PM Stephen Harper, had enough savvy to negotiate a Canadian exemption. Trudeau’s incompetent bunch of snowflakes are too focussed on feel-good virtue signalling than doing what’s right for employment in the great diverse North. He was even caught slagging off Canadian blue collar workers last year. If he wins the 2019 Federal election I’ll know something is amiss because he is not a popular figure right now. Only a concerted bought and paid for media assault can help him. What’s that Sooty? He’s given taxpayer dollar to that cause already? Well stap me vitals. Who would have thought?
Anyway, it looks like being a lively discussion on Friday when I finalise my buying picks. There may even be a significant opportunity. Canadian pipeline companies are looking interesting because they have just upped their prices at contract renewal time. This is because Trudeau’s Feds won’t let them build any more pipelines, a move which paradoxically means higher dividends for no additional infrastructure costs. True, the price of the shares won’t go anywhere fast, but the way my tax sheltered investments are structured, I automatically reinvest any share dividends, increasing holdings and thus boosting the income from a relatively limited outlay. Despite all the deluded wibbling about ‘renewable energy’, there is no ‘low emission’ power generation technology mature enough, apart from Hydro-Electric or Nuclear (both ideologically unpopular with the Greens, Liberals and NDP) to cover the energy needs of Canada’s growing population. In spite of what all the talking head prophets of doom say, ‘Fossil’ fuels aren’t going to run out any time soon.