Juggling Dynamite

I will be speaking at the Vancouver Resource Conference this weekend on Sunday and Monday. This conference is a huge event each year with some 10,000 attendees and a fantastic line up of speakers. Joe Martin and Cambridge House put together a great show. If you are in the area and can stop by please do say hi. I will be signing books in between panels and talks. Find out more here: Vancouver Resource Conference.
US markets are closed Monday for Martin Luther King Day. After the carnage this week, a closed day may seem like a blessing to many people.
Have a good weekend.

Wild ride for long investors the past few days. For those that have an interest, you can catch me for a live market update tomorrow morning on CBC Newsworld with Danielle Bochove at 8:15 am Toronto time. That is Channel 23 on Rogers cable. We will be talking about what may be coming next and how investors can protect themselves.

This morning Bloomberg reports that the U.K. Housing Market is Worst Since 1992 in December (Update3) :
“U.K. real-estate professionals said December was the worst month for the housing market since the aftermath of Britain's last recession in 1992.
The number of real-estate agents and surveyors saying prices fell exceeded those reporting gains by 49.1 percentage points, the Royal Institution of Chartered Surveyors said today in London. That compares with 40.6 points the previous month. In the capital, confidence in prices fell to the lowest since 2003.
An end to the U.K.'s decade-long housing boom may threaten economic growth as falling home values discourage consumers from spending.”
This just serves to reiterate what some of us have been pointing out for many months. Asset bubbles created by the credit boom of 2002-2006 are worldwide. Their popping will be global and synchronous. To all those merrily singing the global-growth-will-save-us tune, I can't help but think of our heroine Trinity in the Matrix when I say, “de-couple this.”