Crisis of the Mind

Interesting times. This year and into next will be the good news, bad news routine. Until we (Canadians, Americans, consumers...) can make up our collective minds as to whether the economy is crashing or recovering we'll fluctuate from elation to despair.

I read an interesting article about the psychology of the Japanese economy called 'Crisis of the Mind'. In a nutshell it is a change of thinking and implementation of new ideas that will decide how long or short, deep or shallow the current 'correction' will last.

Here is an article titled 'Alberta To Shed Thousands of Jobs' - pretty scary title, but if you read the article you'll see that the Alberta unemployment rate is actually below 5%, which is incredibly low! Compare that with many European countries to get a sense of what is truly real. 5% unemployment rate is hardly indicative of a 'severe' recession.

And - look at the mortgage rates - lowest mortgage rates in Canadian history. These are fantastically strong buying signals; time to take advantage of whether it be an investment property or residence in a Top 10 City.

"It is only the farmer who faithfully plants seeds in the Spring, who reaps a harvest in the Autumn." -BC Forbes