Ack and a half I have nada to say. I could talk about the weather (splendid and fall-like) or the monster BLT's we ate last night (my mouth just gushed saliva remembering it) or the nervousness in classes I'm giving in the financial district (the hot-shots are especially so) but I'm not going to because I was able to sum them up parenthetically. It really HAS been interesting working down there this week, there is palpable fear in these people's eyes. Where I'm working, there are men charged with "managing" the portfolio for the "social security" of Quebec. There is a giant cube suspended above a huge open-aired atrium that houses the trading room. This is where a cadre of day traders attempt to protect and grow the province's collective nestegg. Apparently the atmosphere in the cube is beyond grim. Is there anywhere to make money these days? That is the trillion dollar question.
They told me I was lucky since we're invested in real estate. That the REIT funds have been going up because in hard economic times, there are fewer homeowners and more renters. And that I have nothing to worry about. I countered with the fact that Montreal experienced a huge surplus of rental units in the early nineties with nearly 30 % inoccupancy at one point. They said it would have to get "really bad" before I had to worry.
And how about you? Are you worried? There's really nothing any one of us can do and I remind myself of that often and then I can just kind of watch from the sidelines excited to see how the plot will develop. I have formidable penny pinching skills too, so I'm really not worried. Except when I read the doom and gloom articles. Or like the other night when they showed the homeless tent city in Reno. Dee pressing. Okay I suppose I've rambled on quite enough. And here I thought I had nothing to say. Happy Friday!