- We start by taking a look back at Heinz.
- And two decisions that ended their long-term relationship with McDonald’s.
- Healthcare costs for Canadian boomers are being subsidised by the next generation.
- As well as their retirement.
- Headline consumer price inflation in the US ticks up in August and core inflation remains elevated.
- And it was mainly due to services i.e. not tariffs.
- Headline wholesale inflation fell.
- But core wholesale inflation was the highest in five months.
- J.M. Smucker posted their latest results.
- And no, their sales results are not due to strong consumer demand.
- In Financial Ructions:
- Another huge jobs number is revised lower.The US recession may have started over a year ago.
- The price of gold is soaring and 10-year returns from record-high prices have not been good in the past.
- Why this time might be different; or not.
- We take a look at Quantitative Easing and why it does not result in higher 10-year Treasury yields.
- In our book review of Taxes Have Consequences:
- We see more evidence of lower tax rates resulting in greater tax revenue for the government.
- And how the US government ran a budget surplus right through the Roaring Twenties.
- Spoiler alert: It wasn’t a coincidence.
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