a thought for the thoughtful
We are having an economic melt-down, and a political melt-down - that seems to be leading to a societal melt-down (just read some of the comments on the boards at CBC, G&M, NP, MacLean's, etc. There is talk of Harper proroguing Parliament, illegal tape recordings, "coups d'etat" (oh please!), "bloodless coup" (I'm swooning now), internecine squabbling about who gets to be PM, separatist and socialists, Western secession, with-holding food supplies to Ontario and Quebec (they produce about 80% of their own food).
I've been meaning to write about The Five Stages of Collapse
So here are the five stages as I defined them almost a year ago. The little check-mark next to "financial collapse" is there to remind us that we are not here to quibble or equivocate, because Stage 1 is pretty far along. Stages 2 and 3 - commercial and political collapse, are driven by financial collapse, and will overlap each other. Right now, it is unclear which one is farther along. On the one hand, there are signs that global shipping is grinding to a halt, and that big box retailers are in for a very bad time, with many stores likely to close following a disastrous Christmas season. On the other hand, states are already experiencing massive budget shortfalls, laying off state workers, cutting back on programs, and are starting to beg the federal government for bail-out moneyThe article is worth the read. My take is that financial, commercial and political collapse are well under way, societal collapse is coming, and cultural collapse will follow thereafter (no more Internet, no more mp3s, no more movies, books, no more electricity, no more schools, hospitals,...those kinds of things).
I get this little niggling in the back of my mind of the SPP agreement Harper signed with Bush last Valentine's Day - that permits American military to enter Canada in "the case of an emergency". What could be more of an emergency for Harper than getting his butt kicked to the curb?
So how about those numbers? I was wrong about the 7000 TSX, and there is a rather bullish sucker rally on. Strangely, it took off on news of the impending "constitutional crisis" (are you scared yet?).
Mayhem in Mumbai. Catastrophe in Congo. Giant meteorites! Dogs and ponies, and bread and circii (or circuses, if you must). How's that employment security? Thinking of buying a pre-sale? How about "moving up"? There are now 3 miserable houses on miserably-sized lots for under $400K in all of East Van. You still have to pay over $400K for a full(ish)-sized lot. It's not sinking in yet.
I hear a train a-coming...