This article “Why the trade war will usher in a long, drawn-out bear market, with stocks, bonds, credit and property all at risk” by Andy Xie took some time to think about.
Shakeout of Speculators
Historically low interest rates have allowed people to take out debt cheaply. These funds have been sued to purchase risky assets. This has led to speculation. Now that interest rates are rising this will force speculators to use more expensive funds to service their debt. Over leveraged companies will not survive.
Inside a Solid Waste drop-in Depot, Toronto, Canada. Garbage everywhere.
Not all garbage is disposed of in the same matter. Here in Toronto, Canada we have fairly strict rules of garbage disposal. There are organics, recyclables and yard waste, all with their special pickup schedules. And then there the pickup for “the rest”, that that is destined for land fill, tilled down and buried into some hill, whereabouts unknown. Old shingles from my recent shingling task needed to be disposed of, so off to the Toronto Solid Waste Drop-off Depot I went.
Major transit upgrades at the Toronto Transit Commission have been rare in the last 20 years, but this is changing. First in the pipe is the Sheppard East Light Rapid Transit line, in Scarborough. At approximately $1.43B CAD it will run 15km east from Don Mills Station to Morningside Ave. The line is scheduled for completion in Fall 2013, ready for the 2015 Pan Am Games in Toronto. The project manager in me is trying to keep track of which parts of Sheppard Avenue will be chewed up when and for how long. The short term pain for residents and business owners will be severe. I hope they add bicycle lanes while they are planning.
