by Michael Arbow MBA
Partner, RSD Solutions Inc.
Last week it was announced that Larry Hagman had agreed to return to Southforks Ranch and reprise his role of JR Ewing. Back in 1979, I was an economic student at the University of Western Ontario, who with my Ivey Business School friends would gather on Friday night before attending any party or social activity to watch the TV soap opera Dallas and cheer for the exploits of JR. During the first 5 years of the show the price of oil reached historic high levels (inflation adjusted) and was 63% higher on average than the previous 5 years, interest rates spiked in Canada up towards 20% and food prices reached historic levels. And now we hear that JR is coming back, ranch and all.
How interesting that as JR makes his comeback, Brent crude is at triple digits, interest rates are rising (slowly at the moment), inflation is being forecasted and commodity prices are on a tear. JR will surely be having a déjà vu experience, feel right at home and be glad it is not a dream. I wonder if those at Western studying economics and business will be cheering him on this time. As for your risk team – it might be time to get netflix for their office.
For more on the Dallas’s rebirth follow the link:
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