Post 207

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

  • Cruise lines business is still booming.
  • Housing prices are falling in some Western European countries.
  • Car sales in the US have recovered a lot the last two years, but they’re still 8% below pre-pandemic levels.
  • In the US the next two years will see a record number of new apartments coming on the market which will hopefully help with the renting crisis.
  • Weight loss drugs may be a longer-term threat to the sales of snack companies such as Frito Lay (not in this house).
  • Many mortgage holders in the US and Europe are not yet being impacted by higher interest rates.
  • Why gas prices are so high: it’s not just oil prices.
  • Some benefits of laughter.
  • Debt growth in the US has far outstripped that of the combined population growth and inflation growth.
  • Next chapter of The Mystery of Banking