- Large movie chains in the US are outperforming the industry.
- And a look back at AMC Theatres.
- French luxury goods company LVMH sales are still falling.
- Especially in Japan.
- US renewable energy credits are going away.
- A Danish company is particularly impacted.
- A poll shows that a slight majority of Canadians want to see home prices fall.
- But the percentage of homeowners who want this is likely much lower.
- Core inflation in the US ticked up for the second month in a row.
- In Financial Ructions
- Wholesale inflation ticked up even more than retail inflation.
- And despite inflation rising in the UK, the Bank of England keeps lowering its base rate.And investors have taken the British 30-year bond yield to its highest level in 27 years.
- In our book review of The Way the World Works:
- We take a look back at the establishment of Bretton Woods.
- How the Founding Fathers knew all too well the hazards of a paper currency as it was “liable to abuse.”
- And how it wasn’t long after Bretton Woods was established that the United States abused their exorbitant privilege.
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