Wednesday, October 16, 2013

Charter of Québec values - Racist or pro-feminist?

There's a bit of a divide in this Québec household, my wife and I disagree over Québec's proposed values charter.  Given that you're reading this I'll assume you know about the proposed law, so I'll refrain from rehashing it.  

My view is that this law is an ass and unenforceable, besides which it is inconsistent en tabernac. It allows the wearing of a "small" crucifix and does not include the removal of the very large crucifix hanging in Québec's National Assembly.  So a huge crucifix remains in a public government place, and I guess we'll have public employees going around with rulers to measure the size of crosses worn like jewelry. 

My wife views the wearing of a head scarf as another attempt by men to dominate women by forcing them to cover their heads.  I don't disagree with her, yet I know there are Muslim women who wear the hijab of their own volition.  My issue is with enforcement.

What if a woman working in the public service wears a head scarf because of hair loss due to something like chemotherapy?  Is that head scarf okay because it doesn't have any religious significance? Could a Muslim woman claim that the head covering she is wearing is about fashion and has nothing to do her faith?

Banning kippas and turbans?  I guess that was a requirement to avoid being totally inconsistent with this law. One couldn't very well ban head scarves on women without the same type of measure being applied to men.

My view is it takes time, that legislation of this type won't work. Women have been fighting an uphill battle to be treated equally for centuries.  Heck Québec women didn't get the right to vote until 1940.  Muslim women suffering from a male dominated culture need to take up the battle themselves, as women did here with the suffrage movement.  Having the government telling citizens what they can and can't wear on their heads is as bad as men doing the same thing with their wives and daughters.  

Friday, October 11, 2013

Garth Turner finally admits he was wrong about real estate....

There are a couple of old bromides that circle around the investment community.  One is 'even a broken watch is right twice a day', the other is 'even a blind squirrel finds the occasional nut'.  The meaning is obvious, keep saying the same thing, over and over and over....and eventually you'll be right, you'll stumble on that acorn.

Garth Turner, who has been predicting the imminent demise of Canadian real estate for over 5 years now, has finally admitted he got it wrong.


After years of saying things like, this will end badly, and this is your last chance to sell at the top of the market, Mr. Turner finally has woken up and smelled the Java.  

Don't expect too much humility when reading his blog though, he still needs to attract sheeple to his investor seminars after all.  And he may still turn out to be right, Canadian real estate may correct.

Who knows, it might go all the way back down to the levels it was at in 2008 when he first started warning that it was overpriced. Like that proverbial broken watch, it might be rolling around to that hour when the time is accurate. 

In fairness this brilliant self promoter makes some very valid points, but he didn't invent ideas like diversification, although after reading the blog you might think he did.

Thursday, October 10, 2013

An eventful year - Canadian Soapbox back publishing

Hello readers, if there are any left after a long hiatus from blogging.  

I will be back publishing on a more regular basis, now that some major life events are out of the way.  Some were happy and others sad.

Last year in September I married a wonderful woman, I refer to her as the resident love goddess.  This September we welcomed a son to the family, (which means we didn't HAVE to get married).

Those were the big joys, but all was not good news this year unfortunately.  Back in June of 2013 my father passed away, and I'm still not entirely used to the fact that I can't pick up the phone and call him.

I'll be back commenting on those topics I consider of interest, thanks for looking in.  

Wednesday, October 9, 2013

The United States will not default...

There is a lot of nervousness and anxiety out there, particularly in the capital markets over the US government shut down for one, but more so over the prospect that by failing to increase their debt ceiling the United States might default on some of its obligations.

Well, it ain't gonna happen.

For arguments sake, if the US were to default the consequences would be nothing short of disastrous, not just for Americans, but for the entire world.  US government debt instruments are close to the gold standard when it comes to investments sought for safety during times of uncertainty.  If Washington stops paying its bills, the Great Financial Crisis of 2008 will look like a day at Disney Land as capital markets freeze with no hope of help from the government of the world's largest economy.

That is why it won't happen.

Does that mean the fight going on between Tea Party factions and Democrats supported by moderate Republicans is without meaning?  Far from it.  Tea Party types are adamant about derailing health care reform.  In doing so they are providing a big boost to advocates of the status quo.  The fact is the US has the most expensive health care system in the world, and while millions of Americans have no coverage (including children) the health care industry is doing just fine at making profits.  

Why would an industry making billions of dollars want things to change?  They don't.  

But whether a deal is reached or not, there is no way US legislators will tank the world economy, although we may get down to the 11th hour as zealots seek to leverage fear in an effort to gain concessions. 

If Obama and the democrats blink, the big winner will be the U.S. health care industry, at least in terms of their profits.