Post 329

• Large movie chains in the US are outperforming the industry.
  • And a look back at AMC Theatres.
• French luxury goods company LVMH sales are still falling.
  • Especially in Japan.
• US renewable energy credits are going away.
  • A Danish company is particularly impacted.
• A poll shows that a slight majority of Canadians want to see home prices fall.
  • But the percentage of homeowners who want this is likely much lower.
• Core inflation in the US ticked up for the second month in a row.
• In Financial Ructions
  • Wholesale inflation ticked up even more than retail inflation.
  • And despite inflation rising in the UK, the Bank of England keeps lowering its base rate.And investors have taken the British 30-year bond yield to its highest level in 27 years.
• In our book review of The Way the World Works:
  • We take a look back at the establishment of Bretton Woods.
  • How the Founding Fathers knew all too well the hazards of a paper currency as it was “liable to abuse.”
  • And how it wasn’t long after Bretton Woods was established that the United States abused their exorbitant privilege.