Post 327

• Starbucks is still seeing comparable store sales decline.
• But a fourth leg of their business is growing quickly.
• Chateau Lafite Rothschild is one of the world’s top wines.
  • Its futures price is off 49% from its peak.
• Another look at the three main ways in which policymakers created Canada’s housing affordability crisis.
  • They thought the benefits would trickle down to the next generation.
    • Spoiler alert: they didn’t.
• Carbon Dioxide emissions by country
  • Who’s number one: USA, China or both?
• Microsoft is growing like gangbusters.
  • And a $10,000 investment in its shares in 1986 would have grown to a tidy sum today.
• Facebook’s sales are also soaring.
  • Its share price is up 54% over the last year.
• More evidence of a two-tier economy with older industrial type businesses seeing sales declines:
  • A quick look at tools.
• Financial Ructions:
  • You’re Fired
    • Trump comes out guns blazing after record-breaking downward jobs revisions.
      • Shoot first, ask questions later?
• In our book review of The Way the World Works:
  • Jude Wanniski looks at Keynesians and the Monetarists.
    • And how the decrease in the money supply in the early 1930s was warranted by a significant, policy-induced reduction in real output.