Post 323

• Florida is one of the weakest housing markets in America.
  • But prices are still sky-high compared to pre-COVID
• Nationally, sellers outnumber buyers by half a million.
  • Prices are falling in some areas, but even with prices falling many will remain priced out of the housing market.
• America’s largest home builder’s sales are accelerating downward.
  • The issue is affordability constraints, but it’s not about mortgage rates.
• Tesla’s car deliveries fall for the second straight quarter.
  • Robotaxi to the rescue?
• The Canadian government has rescinded its proposed digital services tax.
  • This is good news for Canadians.
• US jobs numbers appear to be a mixed bag.
  • But the number of government workers are finally falling.
• Microsoft lays off more employees.
  • But its share price continues to soar.
• A look at the wealth of Amazon’s Jeff Bezos and how he achieved it.
• In Financial Ructions:
  • Social Security in the US will be insolvent in 8 years.
    • And the cost of making it solvent has continued to increase as policymakers perpetually kick the can down the road.
      • Refusing to make tough but necessary decisions.
  • A look at what has been influencing stock market valuations.
• In our book review of the Way The World Works we look at the economic law of supply and demand and how things happen at the margin.
  • And how the best political leaders don’t take criticism personally but rather as a way to understand the struggles of the electorate.