Post 205

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

  • Interest rates continue to rise  and are slowly squeezing the economy.
    • Car and home prices are slowly adjusting downward in response.
  • You can buy gold at Costco.
  • Global trade continues to fall.
  • No sign yet of any reprieve for office properties.
  • Further fall-out from store-theft in the US.
  • China is finally allowing real estate prices to fall.
  • Colleges in Ontario are making out like bandits with foreign students.
  • More on the basis trade in Financial Ructions as well as a quick look back at Long-Term Capital Management
  • The next chapter of Mystery of Banking reviewed