Quote:
Originally Posted by godwin
There are plenty of people like Frank Giustra etc who are actively making money in Alberta and spend it here (take a look at the load stats of WestJet/AirCanada between YYC and YVR. Not to mention people who cashed out in a lot of startups a decade or 2 ago in the tech / biotech field... companies like Creo, original EA, QLT created at least a hundred+ millionaires.
BC has the highest registered heart surgeons who doesn't have a permanent position, most of them became stay at home mom / dad. Surprisingly a lot people just come for the nice weather and the lululemon lifestyle.
Thanks to the gutting of statscan, we just don't have a clear picture of what's going on. I think it is intentional on the gov's part.
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Oh, I get all that...and I wasn't wanting to derail into a separate type of thread. I'm talking about 'new' money into province. Selling among ourselves drives economic activity, but I'm talking I guess about driving growth. We either need to create money, or bring it in from somewhere else.
How this relates: I think we're very good at creating growth through borrowing. My issue is, when the housing market takes a crapper(the word potential is up for grabs) then we need to rely on trade. And my fear is, we're going to come up short.
I'm going to tell you, I think I was the first guy to go down in 2009 when the economy slowed. I had 2 projects booked(construction for those that don't know) and while they weren't large my any means, I worked for myself and it was decent. They finished, and its like I woke up in a different world. People fighting over each other to get slop ass re-paints for pennies on the dollar.
I ain't going back!