Post 332: Kraft Heinz Splits, Canada Drowns in Debt, Jobs Scarce — and Central Banks Sparked the Housing Crisis

• After seven straight quarters of sales declines, and fourteen quarters of declining volume, Kraft Heinz has announced that they will split up the company.
  • The merger of the two companies back in 2016 has been a disaster.
  • And we take a look back.
• Canadians are falling behind on their debt payments.
• Home prices in Canada have outpaced those in the US.
  • It’s primarily due to money supply growth and low interest rates.
  • And Canadian politicians benefited more from this than the average Canadian.
• The Bank of England confirms that it was responsible for the UK’s housing affordability crisis.
• Auto loans in the US are increasing in length.
  • This adds considerably to the amount of interest paid on the life of the loan.
    • And particularly for those with poor credit scores.
• In Financial Ructions:
  • The US jobs situation is worsening in numbers and in quality.
    • Government and part-time jobs up.
    • Private industry and full-time jobs down.
  • The Canadian economy is bleeding jobs.
    • Unemployment is reaching levels not seen in 9 years.
  • The Canadian government is considering relaxing some bank capital requirements.
    • This is a bad idea.