- A look at social security in the US.
- It will be insolvent within ten years in large part because deductions from payroll to pay for social security are consumed rather than invested.
- Krispy Kreme is experiencing consumer demand that is softer than their donuts.
- And a look back.
- Sales for Gucci and Yves St. Laurent are less bad.
- And they sign a new deal with L’Oreal.
- L’Oreal continues to grow its like-for-like sales.
- And has been a solid long-term investment.
- Nestle announces thousands of layoffs.
- And their coffee sales pale in comparison to Fed money printing.
- Over the last five years Coca-Cola has increased prices over 50%.
- Unsurprisingly, concentrate sales are falling.
- Target also announced layoffs.
- Sales of essentials are falling while their largest category, food, is just above water.
- In Financial Ructions:
- US business bankruptcy filings are now above pre-COVID levels.
- Auto loans and mortgages moving into serious delinquency are rising.
- While credit card delinquencies remain at an elevated level.
- A look at the impact investors have on home prices in the US.
- And the percentage of homes bought by first-time home buyers is at a historic low.
- A quick look at how baby boomers have benefited from the system.
- And who is being told to pay for it.
- We start a new book in our book review section.
- Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles and Busts by Hunter Lewis: 2009
- Keynes’s economic doctrine was highly influenced by his ideology.
- That is, economics as he wanted it to be rather than what it actually is.
- And economists are no longer “custodians of the future.”
- Keynes’s economic doctrine was highly influenced by his ideology.
- Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles and Busts by Hunter Lewis: 2009
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