Posts Tagged ‘sub prime crisis’

The smell of fear in America

Thursday, February 19th, 2009

Now that President Obama has signed his massive stimulus package into law, many Americans are breathing a sigh of relief. But not necessarily the entrepreneurs.

A few days ago, I had the pleasure of running into a former client who I had not seen for about five years. He is a Canadian who made the decision to move to the USA for business reasons i.e. he wanted to make some real money. When I first met him, he was all optimism – buoyed by the fact that he had indeed made more money in his first three years in the US than his previous ten in government-dependent Canada. He enjoyed an upscale lifestyle in Boston with his New York born wife – also in business. And chirped ā€œI’m never looking back to Canada.ā€
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