Garth makes some good points but in my mind he is just another “expert”. Before you jump all over me for that last comment here this. I have learned that almost every “expert” is wrong on something. Just like the experts who Garth quote in his Greater Fool book, how are we to trust one expert from the next?

Glenn – Poor me? I am very grateful for being able to live in Canada with the freedoms it has to offer – my comment was purely sarcastic. Sorry you didnt pick up on it. I dont know what Iceland being ranked on the top of a UN best place to live list has anything to do with the discussion.

If real estate is so bad why does Garth own 4 properties?

Three at the moment, actually. No mortgages, though. — Garth

Try telling them that in Adelaide, Aus. today where the mercury topped 46 degr. C. I guess the Go Blow Warming is a down under phenom. And we are getting all this snow because it is going out of style, I suppose! Whatever.
And if you want an economic prediction, this recession will not get to bottom before several nations will want to have a good go at each other with guns, bombs, and what ever they can get their hands on. The Depression will be pre-empted by war in several places. And I have not heard the fat lady sing yet!

So, on the tin foil hat, does the shiny reflective side point out or in?

http://www.realclimate.org/