re: property. anybody dipping/greenlc
We have never approached a period where we are starting to question where oil prices will end their run north. Once these stagflationary costs flow through to the consumer on everything, property will never run again unless the regional economy surrounding that city is underwritten by resources of need like oil, gas, uranium, food, water!
The proof is there now for those in denial. Which cities are growing at record rates around the globe?
Perth and Calgary! Why? Perth - oil, gas, food (not contributing to GDP much yet, but it will when the food complexes hyperinflate). Calgary - largest unconventional oil reserve in the world, natural gas, hotspot for uranium, large food producer.
Retail is forked unless you take it to those cities underwritten by resources. I see it in Perth. It is a sense of arrogance that wafts through the people there. The daze of boom times presents a city drowned in ignorance to what is truly happening in the world. That is, with rising oil prices the global economy is headed for the toilet!
