Why I Don’t Do Market Timing
Starting in September, my income, such as it were, is basically in C$.
Stephen Gordon explains, with graphics, why that has been such a bad trade.
The scariest part:
The 2002-2008 expansion provided significant real income gains, and more than half of those gains were due to the improvement in Canada’s terms of trade.
So there really isn’t an infrastructure in place to benefit from autonomy.
Right now, Stephen Harper should be in consideration for the title of the Luckiest Man on Earth.