Recession...where? Not in Barrie

Oh the news is so scary....

I know that I have a lot to learn and that at 47 I may sound ignorant by this comment, but why do the media LOVE negative press? I know we all can say "well it sells papers or makes the headlines"...but I want to say is that it also scares people into thinking negatively. I know you can say "He is so naïve..." but I have to say it ...Barrie Ontario is NOT in a recession. I know... call me an idiot because all the headlines are saying it...I means it's everywhere right? Journalist are not wrong....are they? I mean when we read that Canada may be heading into "rough waters" i.e. a recession ( Thanks Jim Flaherty), well I guess Barrie is in Canada so batten down the hatches right?

But let's talk fundamentals for a moment. For those that read my blog know that I am a big advocate of economic fundamentals both nationally ( Macro) and locally ( Micro). Lets just look at one statistic that journalist just miss all the time. In Simcoe county (micro), Barrie has the youngest average age in all of Canada ( yes look it up at Statscan). I know I'm not an educated journalist but what do young people do? Spend their (parents) money and go to school. Spending money and going to school are the number 1 and number 6 indicators of a solid economy i.e. future growth. Duh...

And that is only Barrie. I could write, ( spew as my wife puts it) all day about the potential in Orillia Ontario. With only 30,000 people, all it takes is 3000 people to move there and it will grow by 10%. By 2011 the new Lakehead University campus will have 3000 students....duh

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