Paulitical Economy™

Post 328

Paul Musson
  • McDonald’s turns things around.
    • But lower income consumers are suffering.
  • Caterpillar sales are still falling but not as much.
    • A turnaround?
  • But things not looking good at Gucci.
  • RH (luxury furniture) has really turned things around.
    • And some examples of their great corporate culture.
  • Molson Coors no longer seems to be benefiting from the boycott of Bud Light.
    • It’s share price is down 54% over the last ten years.
      • And a look back.
        • And Creemore!
  • We look at the changes in Canada’s property prices since 1970.
    • And when our housing affordability crisis started and who was responsible
  • In Financial Ructions:
    • Canada’s jobs numbers tumbled in July after growing strongly in June.
      • And how since 2015 the growth in government jobs has far outstripped that of the private sector.
        • Spoiler alert: This is really bad for the productive capacity of the economy.
  • Book Review: The Way the World Works by Jude Wanniski
    • Alexander the Great and Julius Caesar were two of the first to go down the Laffer curve.
      • As did Britain after the Napoleonic wars.
        • But than after WWII they went up the curve and stayed there for a long time resulting in economic stagnation.