Post 195

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

  • Food prices are still rising and while energy prices are still lower than this time last year they are starting to rise again.
  • Mortgage rates in many countries are continuing their relentless march upward.
  • More evidence of consumers cutting back on discretionary items.
  • Homelessness in the US is rising.
  • More problems with China’s economy.
  • Wages are rising rapidly.