Post 199

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.

PM:

Back from vacation and a few pounds to the good.  I had put a lot of videos from my trip on FaceBook, so if you are interested in seeing some beautiful scenery from the Yorkshire Dales and the Lake District (and a few trains), just send me an invite.  I’ll try and catch-up on Paulitical Economy over the next few weeks.

I hope you all had a great couple of weeks and are enjoying this great fall weather.

Cheers.

Summary

More evidence of discretionary spending suffering in the US. Lululemon bucking the trend. Some signs the US is slowly slowing. Things are getting ugly for Canadian mortgage holders, but as usual, blame for this quagmire is misdirected. The Canadian economy is back-pedalling. Another chapter review from Murray Rothbard’s The Mystery of Banking.