More tech layoffs. More evidence that consumers are cutting back on discretionary purchases. US job numbers were again strong with Healthcare and Government hiring leading the way. More on the intergenerational wealth transfer from our kids to us and what to do about it, at least from my perspective. Journalists are being killed at an alarming rate. Some potential good news on beer for those of us living in Ontario…

The first Paulitical Economy™ poll: Pollitical Economy. More layoffs are being announced and job vacancies are falling. I’ve noticed more articles about the necessity of somehow getting governments to show at least some form of fiscal restraint: Good luck with that. Higher interest rates are slowly but surely squeezing the economy. Many in the real estate industry are demanding lower interest rates in order to drive expensive housing prices even higher…

Victoria’s Secret sales have been falling for almost two years. Employment in Canada is steady, but unemployment is rising as immigration numbers outpace job creation. Many prices are either disinflating (still rising, but doing so at a slower pace) or are in outright deflation. But even those prices still tend to be significantly higher than pre-COVID. Some arrogant economists and journalists think that consumers are too stupid to realise how good their financial situation is…

Discretionary purchases are still falling. Canada’s economy has started to contract. Pubs in the UK are closing. Transportation of stuff is falling on the road and on the high seas. More evidence that global demand for oil is slowing. Older males (75+) are almost 10x more likely to commit suicide than older females. Billionaires are doing just fine. People still want to work from home but some have other reasons than work productivity for wanting them back in the office…

You can’t keep burgers down (I can). More evidence that consumers are foregoing discretionary purchases and focusing on essentials. Used car prices in the US are falling, but they’re still far above pre-Covid levels. Core inflation in Europe is falling but remains high. More people are pointing to the unfairness of “something from nothing” government and economic policies. If you take more capital from society than you produced, then someone else is footing the bill. End of story…

A bit more price over volume. Some retail store credit cards charge interest of over 30% Home affordability in the US is the lowest in almost 40 years. Live concerts are becoming very expensive. Americans are still shopping…

Job growth is being boosted by government hiring, which is nonproductive. Electric vehicle prices have been falling this year and inventories are rising. Some sharp drops in luxury home prices in Miami, but from very high levels…

LVMH is struggling in the US with its cognac and spirits business falling at a double-digit rate. Some early signs of hope for renters in the US. Ozempic does it again. The property situation in China continues to worsen…

Job growth is being supported by government hiring as well as services and part-time jobs. Plant-based meats seem to be going out of style. Shoplifting is becoming a crisis in some cities. Some financial ructions stuff on money/cash…

In the US the next two years will see a record number of new apartments coming on the market which will hopefully help with the renting crisis. Weight loss drugs may be a longer-term threat to the sales of snack companies…