Tuesday, May 19, 2009
If real estate is not going up...MAKE IT!
I’m getting excited thinking about how we could position ourselves after this meltdown. Not only because of US tax policies, but because of they’re crazy immigration policies as well.
The US is clamping down hard on their skilled worker visa known as the H1-B. Thousands of highly skilled workers will be out of a job or have already lost their jobs (see here).
Major US employers (IT companies such as GOOGLE, MICROSOFT, all US Banks, top financial services and manufacturing companies) who use these skilled employees will be forced to let them go by April 2010 because they will be denied visas.
These companies are going to lose their competitive advantage.
What are they going to do?
If I’m Harper I'm revamping our immigration policies ASAP
If I'm Dalton I'm calling IBM, I'm calling Microsoft I'm calling XEROX, DELL, Sun Microsystems and ask them what would it take to move those skilled jobs over to the GTA.
If I’m Dalton, I’m calling CPP, OMERS and OTTP to partner with them to create a centre of excellence in pension fund management in Toronto.
If I'm Dalton I'm going to partner with our chartered banks to set up a centre of excellence in risk management - the world wants to know why our banks are amazing. I'm going to ensure Bank of America, Citi, JP Morgan Chase and Wells Fargo to set up shop on Bay St
If I'm Stelmech, I’m calling every Silicon Valley corporation...Apple, EBay, Intel, HP, and Google …to move a massive chunk of their operations to Edmonton and invest millions in U of A - turn E-town into Waterloo West.
If I'm Stelmech, I’m going to turn Calgary into an energy power house...not just in Oil and Gas, but in alternative energy as well.
If I'm Canada I’m rolling out the red carpet at every border. I'm going to bring back the Canadian spirit of aspiration, inspiration and perspiration …I’m also going to buy lots of real estate in the GTA, Calgary and Edmonton.
CHA CHING!
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