Post 197

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

  • More retailers are reporting sales declines; particularly discretionary items.
    • Things could get worse when student loan repayments start in October.
  • There are some early signs that the jobs market may have peaked.
  • US homeowners who refinanced their mortgage a couple of years ago are effectively locked into their home as their rate would soar if they moved.
  • A bit of wine.
  • The last chapter of Hazlitt’s “The Inflation Crisis” reviewed.