Kitchener - If the recent Bloomberg reports are indicative of what is happening i.e. increased demand and short supply, then my commentary would at worst suggest that my timing is out by about 6-8 months (early) however, the fundamentals that I make reference to, accurately reflect both the issues and the longer term outcome.

I have advised my clients over the last 3 months that the root cause of the current economic debacle is the subprime crisis in the U.S. and that this contagion has spread around the globe infecting not only the financial sector but the manufacturing and energy sectors as well.

Some would have you believe that the world as we know it, is coming to an end. If memory serves me correctly, the Chinese character for disaster is the same or very similar to the character or symbol for opportunity.

On that note, we have a golden opportunity to move forward, learning from the mistakes of the past while employing mans’ creative ingenuity to build a better and more productive world for many generations to come.

Let’s not squander the opportunity by letting the pessimists take charge.

Sincerely,
Michael Gentile, B.A., C.L.U., CH.F.C., C.F.P.