Moreover, entrepreneurial vision and drive is a talent few ever configure in a similar way.
This also may explain why Facebook users are so depressed - they finally figured out Jim's astute observation.
When will they ever learn? Or is it simply in the nature of our species to always create these gigantic credit-driven asset bubbles? And why is it a social phenomenon that no country, culture or region is immune to through-out history?
From a investment view, we are seriously perturbed about Toronto's Condo Bubble and the possible outcomes that could occur when the bubble further deflates. As a result, we have placed a number of sectors on our watch list; obviously including retail, financial, property development and construction industries. In the weeks ahead, we will provide further.comments and analysis regarding the much anticipated fall-out with more specific industry assessments.
Remember also how globalization was sold to us as the best way to improve national economic well-being, standards of living, create jobs and lower risk levels. Now everything is so deeply inter-connected financially, physically and politically, yet these promised improvements seem to be moving us in the opposite direction. Do you think it was all a big lie serving a few special global interests? Do you think that they pulled the wool over the eyes of our political geniuses? If you do - then you are not alone!
It begs the question - who is really governing sovereign nations given all the operative trade agreements, and organizations, such as the WTO, EU, IMF, World Bank and others, with relegated powers? Have all these supra-constitutional connections watered-down sovereign constitutions so much that national destinies have been moved beyond elected officials' powers? This may explain why Canada patterned its monetary policies after the FED - they have to!
This is a big issue that requires a good deal more analysis and thought, but there are clear hints that "globalization" was just a crafty synonym disguising "annexation". What does that have to do with the price of Condo's in Toronto?
Lots! Just ask its Mayor.
August 12, 2013
In the end, remember nothing is...
What everyone should come to understand in the age of globalized economies is that no country, region or city is completely immune from the trends and events that occur around the planet. More so in the years ahead when shrinking raw material supplies and food stocks cause more unrest and political strife.In all likelihood making the originating shortages worse and causing spikes in CPI and accordingly the borrowing costs set by markets.