The Emirates is an impressive airline. And things are heating up for Boeing. Over the years Americans have increasingly lost confidence in their government. Meanwhile, the opposite is true in Germany. The US is running record peacetime fiscal deficits outside of financial crises/pandemics. Meanwhile, Switzerland, which is at the top of the table in terms of confidence in their government, has a history of running a fiscal surplus…

UPS continues to see the volume of packages fall. They are letting go 12,000 people. Danish firm Novo Nordisk has been growing rapidly for over two decades. First by targeting diabetes. Now by “catering” to the weight-loss category. Over 80% of new cars sold in Norway are electric. New business openings in the US are very strong. Particularly in the home services sector. Alcohol consumption: Something doesn’t add up…

A debt collector has its own debt problems. Tesla sales and deliveries are slowing noticeably and expected to continue in 2024. French luxury group saw its sales rebound in the US and in Wines and Spirits. A quick look at French advertising company Publicis: sales are strong. More companies are announcing layoffs. A number of auto manufacturers have stopped installing AM radios. The Canadian economy is significantly underperforming…

It looks like there may be consequences for Boeing with their latest 737 Max mishap. The issues could come down to poor corporate culture. Netflix’s crackdown on password sharing is paying dividends. China’s residential property market is in trouble. Some large financial companies are trying to force workers back into the office. Business is shrinking in Europe. More countries are recognising the benefits of nuclear power…

The co-President of the Club of Rome has a few ideas on how to deal with growing wealth inequality. Core inflation in the UK seems to be stalling. Macy’s is letting go a number of corporate employees. Wayfair is also letting go a number of employees. They blame COVID for hiring too many people. Consumer confidence is growing in the US but still at a relatively low level. More evidence that the growth in electric vehicles is slowing…

More commentators are realising that we are dealing with a housing crisis. The UK and Canada are expected to lead the way in terms of companies filing for bankruptcy protection. Home sales in Canada are down, but prices are up year over year. Germany is in recession. Falling birth rates in developed economies are unmasking the ponzi-like structure of government (taxpayer) funded programs that are an intergenerational transfer of wealth…

Pepsi and Carrefour revisited. More evidence of essentials doing well and non-essentials suffering. A short Xerox history lesson: don’t copy Xerox.
UK employment company Hays is seeing significant weakness in hiring. The declines in US inflation (disinflation) may be stalling. But it’s getting cheaper to fly: airline tickets down over 9%. Electric vehicle used car prices are down almost 30% in the US. US warehouse vacancy rates are rising…

The US is still creating a lot of new jobs. Many of them in government. Job growth in Canada has flattened despite a still soaring population. Core inflation in Europe slowed a bit, but headline inflation was up and food inflation remains elevated. Thanks in part to Pepsi? Vittles is another word for food: you’ll see. The UK will be short of the diabetes drug Ozempic until the end of 2024 as so many non-diabetic people are taking the drug for weight-loss…

Not a lot of companies are reporting results, but that will change soon. More evidence that the industry is slowing. More layoff announcements: this time from Xerox. The boom in electric vehicles might be slowing with prices coming down. However, the boom in government hiring continues. This is really bad for the economy. China continues to slow. Meanwhile, prices in Europe seem to be rising again. A review of F.A. Hayek’s Road To Serfdom…

Just before the Financial Ructions section, I’m going to start adding some comments from my old Ivy Quarterly Reports that I used to write for our clients. People are cutting back on some discretionary items like sneakers. But still lining up at Starbucks. Core inflation in Canada has now risen two months in a row. Corporate bankruptcies in the US and Europe are on the rise. Stock markets are far outpacing growth in the economy…

More evidence that Europe may already be in recession. Canadians are setting new debt records. Discount stores continue to benefit from shoppers trading down for essentials. Americans have cut back on buying furniture and gardening equipment. But still going out to eat and drink. People are finally starting to accept that nuclear energy could be the answer to environmental concerns. A suggestion for dealing with Canada’s housing crisis…

Toy sales in the US are very weak. Businesses in Canada are increasing their usage of credit cards and credit lines. Prices continue to fall in China. Rents may have peaked in the US. Retail spaces in the US are shrinking, yet vacancy rates remain at very low levels. The median home in Toronto is far out of reach of the median income. It’s four times what the median income could afford. In Financial Ructions I go on a couple of rants…

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…