Post 202

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.


  • Global oil demand hits a new record high despite the slowing economy.
  • Some discretionary retailers are still seeing strong sales growth.
  • On the other hand, more evidence of consumers trading down.
    • Bifurcated market?
  • If you think housing and rents are crazy where you live, try Miami.
  • US inflation seems be stalling at a rate twice the central bank’s target.
  • US median real wages (adjusted for inflation) fell for three years after Covid
  • US loan growth is slowing.
  • Have a great Canadian Thanksgiving!