- 49% of the homes sold in the US this year were under the price of $400,000
- Up from 43% in 2023.
- Shooting deaths in New York City are at an all-time low.
- But shooting up is still a problem.
- Headline inflation in Canada excluding energy seems to be stabilising.
- But core inflation remains elevated.
- Canada’s income gap hits a record.
- The top 40% account for 66% of after-tax income.
- And 86% of net worth.
- The top 40% account for 66% of after-tax income.
- Financial Ructions:
- Margin debt is at a record but short selling can impact this.
- And yes, the absolute number does matter.
- Another look at how the US stock market is very expensive.
- The recovery rate so far on Chinese offshore property bonds is less than 1%.
- Margin debt is at a record but short selling can impact this.
- We finish our review of the book The Way the World Works by Jude Wanniski.
- We look at why emerging economies followed developed economies in adopting Keynesian economics.
- Resulting in an explosion of global debt which both Adam Smith and Karl Marx warned about.
- And he reminds us that production must come before consumption.
- We look at why emerging economies followed developed economies in adopting Keynesian economics.
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