Post 322

• Carnival continues to ride the wave of higher prices.
• General Mills sales are declining
  • But would be a lot worse if not for their pet business.
• Yet, JM Smucker’s pet division had a double-digit sales decline.
  • And a look back.
• Airliner JetBlue is seeing declines in air travel.
  • Its share price has been a 25-year disaster.
• Student loan delinquencies in the US are soaring.
  • And government workers have a sweet deal.
• Insolvencies in Canada fell in April.
  • We may finally be getting to a level that is less influenced by government.
• Jobs growth in Canada has been nonexistent since January.
  • The unemployment rate is the highest in 9 years.
• No Financial Ructions this week.
• In our book review of The Way the World Works, we look at the age-old issue of how much wealth should be redistributed.
  • And the importance of relying on a sound system rather than hoping the right leader happens to come along.
  • Low taxation, a strong currency and the rule of law lead to economic prosperity.
    • We’re currently moving in the wrong direction.