I will be on BNN tomorrow, Tuesday July 8th, +/-8.15am (Vancouver time), talking with Pamela Ritchie about real estate sales, seasonality and expectations for the Toronto housing market.
I will put the interview link up here after I get it.
What I wanted to talk about was the plunge in the real 10 year yield and how the pattern from 7 years ago is shaping up again. But I was told my actual chart won't render well on TV - too much information - and even my reduced info chart above, a thing of beauty, exceeded their 3-plot-lines-only guideline.
I have been thinking about TV a lot lately especially since I am hooked on Season 2 of House of Cards via Netflix. For $8, I can binge on a superlative script, production values, cast and storytelling; and when I'm done, I can put my Netflix account on hold and wait until I find something else that catches my interest. I can go to Youtube, Ted Talks and other archived media services and not even bother with TV if I want to. No wonder the new generations born into this digital world have so little investment in cable TV. It's the internet stupid; that's where you and your computer want to be.
I think cable companies are going to be facing very large challenges as they fight to retain paying subscribers; have you noticed how much bad programming you are paying for in your cable package?
As software eats the world (Marc Andreessen) more and more of us will be decoupling the cable box. I already get my news from my Twitter feed. In 30+ years, my generation, the baby boomers will be gone and long before that they will have no market weight other than giving up their assets and in the consumption of end of life products and services. Who wants to sit through that advertising?
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'