Paulitical Economy™
A snapshot of what’s going on in the world’s economy.
Paulitical Economy™
Post 345: The Shared Misery of Canada’s Housing Affordability Crisis and Profitability Leads to Dominance
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Paul Musson
- I’m reposting my first and so far only Pollitical Economy (2023) which asked you for your favourite Christmas movie.
- Giving you some Christmas viewing ideas.
- Another look at Canada’s housing affordability crisis.
- It’s more widespread than people think.
- And how it’s predictably fueling anti-immigration attitudes.
- It’s more widespread than people think.
- Netflix is shooting the lights out.
- And now they’re buying Warner Brothers.
- And a look back at Warner Brothers.
- And now they’re buying Warner Brothers.
- After eight straight quarters of negative sales growth Deere Corporations flips things into positive territory.
- Turned positive in the same quarter as Caterpillar.
- In Financial Ructions:
- Canada’s GDP grew strongly in the 3Q, but it was pretty much all down to rising exports.
- And more quirky housing price stuff that gets included in GDP but shouldn’t.
- Canada’s GDP grew strongly in the 3Q, but it was pretty much all down to rising exports.
- In our book review of Where Keynes Went Wrong by Hunter Lewis
- We see how ever since Keynes’s The General Theory back in 1936, governments will do whatever they can to stop a recession from happening.
- What this does is prevent the healing with the misallocated capital being papered over with even more misallocated capital.
- Resulting in:
- Slower productivity growth
- Exploding government debt
- Widening wealth disparity
- Resulting in:
- What this does is prevent the healing with the misallocated capital being papered over with even more misallocated capital.
- We see how ever since Keynes’s The General Theory back in 1936, governments will do whatever they can to stop a recession from happening.