Greetings,
I just finished Jeff RUBIN's book "Why Your World is about to Get a Whole Lot Smaller." Very thought provoking read with solid insight into all the issues surrounding oil. I found, like most extreme positions, you should not absorb it on it''s face value but use it to keep things in perspective as you continue to absorb other arguments. Time lines are extremely subjective. I remember the electricity generated in investment circles around David FOOT's 1996 book "Boom Bust Echo." Demographic trends and the aging population was the focus. Valid arguments in their own right! Many went out and invested in Funeral Homes and Elderly Care Facilities. The Lowen Group was held out as an industry leader. It went on within five years to suffer serious losses due to American civil litigation and as a result had a slow painful fall into insolvency taking with it all the demographic exuberance. So the argument may, few deny the impact Zoomers will have on the Canadian economy though the time lines are very unpredictable. The book may have been 20 years ahead of it's time which would be longer than the investment horizon for many. Should I walk down the road of global warming to further emphasize time lines.....I think not!
Scoop out!t
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