Post 209

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 on companies raising prices at the expense of falling volume.
    • Also, North America is often the slowest growth region.
  • LVMH is struggling in the US with its cognac and spirits business falling at a double-digit rate.
  • Some early signs of hope for renters in the US.
  • Ozempic does it again.
  • The property situation in China continues to worsen.
  • Argentina is suffering severely from rapid increases in the money supply.
  • Texas is number one in baseball and office property vacancies.
  • Next chapter review on The Mystery of Banking by Murray Rothbard.