I haven't even begun to talk about Canada's small cap market, the TSX Venture.
The TSX Venture Index fell below 500 for the first time this week, and now sits at an extreme all-time low.
It is the longest bear market in TSX Venture history - longer than all other market downturns combined since the small cap exchange was first formed nearly 15 years ago.
Over the last five years, the TSX Venture has lost more than 76% of its value. To put that into perspective, that's equal to more than $50 billion of capital erosion.
What's absurd is that no one outside of the industry has talked about this; not politicians, not the media, not the banks, no one.
Canada's TSX is one of the largest stock exchanges in the world, and its small-cap market, the TSX Venture, used to be one of the best.
You would think that the underwhelming performance of one of the world's top stock exchanges, and capital erosion from what was once one of the best small cap stock exchanges, would draw more attention.
But no one seems to care?
No one seems to understand just how bad things are.
Even scarier is that there is no end in sight for the decline.
With oil hitting new lows and a shaky commodities market, both of Canada's primary stock exchanges are likely going lower.
And even if you're not an investor, just consider this: nearly all of the 50 largest employers in Canada are public companies.
So it doesn't matter if you invest in stocks or not, the fact is this: there is something inherently wrong with the Canadian capital markets.
And it needs to be fixed.
Do you think Canada's capital market can be fixed? If so, how?