Kunstler hits the nail on the head in his weekly post: Housing starts may still be weak, but the “gaming” industry is making great strides in places like the old Puritan commonwealth of Massachusetts, so soon we’ll have a virtually automatic economy of leisure-and-entertainment paid for by creaming off a small percentage of the quarters […]
The media reporting on the state of the TSX is pitiful. Daily we hear either that it is rallying, or that some commodity or other is to blame for a slump. And every day, the pundits are able to tell another story, spin out another reason to bet your savings against the promise of growth. But the general feeling in the news rooms seems to be that the recession is over – don’t mix this up with unbridled optimism in the general public though. Governments would have to be getting nervous as their budgets show red for years to come, and the need to spend our way out of this mess is ingrained deeper with every cheque that is signed.
The big push from the government, builders, banks and just about everyone else who has been part of the consumer driven craze for more stuff has built their pitch to the citizenry based on a desire for home ownership, particularly ownership in the suburbs.
I love the Pacific Northwest and Southern BC, but the reality for this area in a climate change driven world, is that population influx may be the most serious issue to contend with. What if the American Southwest dries up, browns out, and those people now misting their patios in Arizona head to the still-green […]
Written at the start of 2008, James Howard Kunstler writes his predictions for the year 2008 – from the section on housing and finance….