Saturday, September 26, 2009

Jeff Rubin - "The End of Globalization"

For those who have not heard of him, Jeff Rubin is the former Chief Economist for CIBC (it is rumoured he lost his job for this book), and got recent attention for his latest book, "Why Your World Is About to Get a Whole Lot Smaller." This work forecasts that the price of oil will reach $225 a barrel by 2012, and he postulates taht this oil scarcity will lead to the end of globalization. He is known for a book he wrote in 2000 in which he predicted oil prices would hit $50 a barrel by 2005, predicted the residential real estate market bust in the early 1990s. He was named Canada's top economist a number of times according to the Globe & Mail.

As business teachers, you should be aware of his recent work. For an interview and a review, see
http://www.theglobeandmail.com/globe-investor/ask-jeff-rubin/article1141087/
http://www.theglobeandmail.com/books/why-your-world-is-about-to-get-a-whole-lot-smaller-by-jeff-rubin/article1148668/

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