Blindly Heading Towards The Brink

  It’s been two years since my last column. 1 In that time, there have been some dramatic developments—the plunge in oil prices and the Greek crisis come to mind. We’ll discuss both as illustrations of the concept of market blindness, something that sometimes markets get things badly wrong. Then we’ll move from that to see how market blindness will lead to an imminent reckoning in the Canadian real estate market (and consequently the stock market).  ...