Post 196

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

  • Sales at stores like Footlocker and Macy’s are accelerating downward.
  • More concerns about China.
  • Some signs that the employment situation in the US may be turning.
  • People are having trouble keeping up with their car payments.
  • Things look like they may be getting worse again for office real estate.
  • Increasingly looking like misguided economic policy in Canada over the last number of years is coming home to roost.