“The long run is a misleading guide to current affairs. In the long run we are all dead.” John Maynard Keynes
It’s also worth remembering the US housing market collapsed when it took 4.6 times the average income to buy the average home. Today in Canada the number’s 5.1. In Toronto, 5.5. In Vancouver, 9.3.
“CIOs are the last to know,” meaning, IT organizational decisions are actually made bottom up (i.e., by developers), and that senior management perception lags reality by a significant margin.