Post 216

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

  • Discretionary purchases are still falling
  • Canada’s economy has started to contract.
    • It was already contracting on a per capita (per person) basis.
  • Pubs in the UK are closing.
  • Transportation of stuff is falling on the road and on the high seas.
  • Rapidly falling energy prices are continuing to help suppress headline Eurozone inflation.
  • More evidence that China is slowing.
  • Also more evidence that global demand for oil is slowing.
  • Near record prices for homes in the US combined with “normal” interest rates are causing an affordability crisis.
    • And may even be affecting the divorce rate: lower.
  • Older males (75+) are almost 10x more likely to commit suicide than older females.
  • Billionaires are doing just fine.
  • People still want to work from home but some have other reasons than work productivity for wanting them back in the office.
  • A European commercial property company files for bankruptcy protection.