Really, does the media have the interests of the people in mind anymore? They are currently mired in debts, they are getting beat down by social media services like Twitter and blogs that post information on current news faster than they do.
Shortly Google is adding new features to their search engine to provide real time news searches. As all of this unfolds and technology expands, it becomes harder for media to stay profitable as people move elsewhere to get their news. Media already understands this, you can see it as papers move to more sensationalism of headlines, or providing information that is meant to drag readers in rather than inform.
My current beef is the headlines talking about Alberta recovering slower than the other provinces. What does a headline like that do to the mindset of individuals in other provinces? You have to think someone from Ontario or the Maritimes sees this and believe there is no sense moving to Alberta for work like they used to. I have already seen this in the slowdown in calls I receive for my shared accommodation properties.
Yet when I do talk to people who came anyway because they found a job through their union, or online or via a friend, or what ever their individual reason, they are amazed at how prosperous we are. Sure we don’t see it, we only see natural gas hovering in the mid $3.00 range (although it is marginally higher right now!), oil companies laying off people and unease about the energy industries. It’s when you get the perspective of someone from Windsor where all their buddies formerly working at the factories are unemployed your opinion changes.
We recently heard a new report that oil could drop down to $30 a barrel in the near future. What a great headline, at least if you are selling papers, but in reality there are to many lunatics out there waiting to start wars in the Middle East and Africa. The fear factor alone could keep oil values up. On the other hand, if the world really is starting to recover, why wouldn’t demand for oil start to ramp up?
So in my opinion, any decrease in current prices will most likely be short term. Unless the media was lying about the recovery starting to take place that is! As a Real Estate investor, I still think we have a good thing going, don’t let the headlines put you down.
Hello Bill
I just wanted to say I lreally like your posts that you put up so often. I very much enjoy reading them and often wonder how you get the time to do them. HA!
Thanks for all your valued information. Even though sometimes its common sense stuff, many times its still refreshing and often looked at in different ways.
Thanks again
Regards
James
Hey James, thanks for the feedback. As to where I find the time, I have no idea! Kidding, I take a notebook with me wherever I go and I try to write ideas down as they pop into my head. It’s from these ideas I write my blog posts, my newspaper articles and other articles I publish out on the internet.
It’s strange how it all seems like common sense, yet when I talk to people it’s commonly unknown. Plus we like to add to whatever we come up with which hopefully helps everyone as well!
Bill