Juggling Dynamite

Coming up to its third anniversary since release “Juggling Dynamite” is still resonating with readers and getting postive reviews, like this one from balancejunkie.com yesterday:

“This book came out early in 2007, before the worst of the financial crisis hit. Bear that in mind as you read it. And I do recommend that you read it. Many of the ideas expressed in the book were far from conventional just before the crisis hit. In retrospect, they might be considered quite prescient. I think they’re just as appropriate (maybe even more so) for today’s climate.”

I am humbled and appreciative. It's good to be relevant. Since human nature will never change, the material is timeless.

Yesterday I talked with Stirling Faux of the Money and Wealth Show in Victoria, BC about the Canadian housing market. You can hear the 16 minute audio clip here.

US Final Q4 GDP was revised slightly lower this morning to 5.6 from the previous estimate of 5.9. I think a year from now this may be revised lower still. More importantly Q4 seems to have been a stimulus-manufactured anomaly compared with the anaemic growth we will see for 2010. Christian Menegatti, VP for global economic research at Roubini Global Economics says growth in Q1 and Q2 is looking to be heavily below potential (less than 3%) and then slowing further to less than 2% in the second half of 2010. He explains his views to CNBC's Karen Tso, Martin Soong & Sri Jegarajah. I like the Roubini Economics analysts because they are independent number crunchers hired for their brains and diligence rather than their looks. They tend to be the opposite of the slick sell side analysts we so often see on business news.