Post 193

A snapshot of what’s going on in the world’s economy.  Financial Ructions and book reviews can be a bit more technical so feel free to skip them.  See disclaimer at the end of this note.

Summary

  • Air travel is strong, but business air travel may have peaked.
  • Despite global manufacturing being in contraction, oil demand is reaching new records.
    • Summer driving months and airline vacations?
  • Inflation seems stable but as last year’s basis of comparison eases we could see inflation start to rise again.
    • And a bit on college tuition inflation.
  • Government in Canada is almost a third of the cost of new housing.