Post 359: Why Canadians Are Getting Poorer and Less Happy

• Homicides in the US are the lowest in 125 years.
• Canada’s economic decline has outpaced all other developed nations over the last ten years.
  • And so has our happiness.
• I have a feeling we’re not in Kansas anymore.
  • California has by far the highest gasoline prices in America.
    • And Kansas the lowest.
• Delta’s passenger revenue miles go negative.
  • And economy class revenue even more so.
  • And a look back.
• If you’re thinking of buying a new car you might want to hire a professional haggler.
• The ratio of stock market wealth to housing wealth in Canada is at a 23-year high.
  • And a look at wealth disparity.
• Darden restaurants continues to grow its top line.
• Sales at Bloomingdale’s accelerate and stagnate at Macy’s: Special K.
• General Mills has grown its volume in only one of the past eighteen quarters.
• Inflation in Canada ticked down last month.
  • But food prices are getting out of control.
• Amazon is testing 30-minute delivery service.
• In Financial Ructions:
  • Longer-term interest rates around the world are gapping higher.
  • And so did wholesale inflation in the US.
• In our Book Review of False Dawn
  • We see that any recovery that did happen in the 1930s was in large part due to Hitler.
  • And that rather than allow food production in the US to fall to a sustainable level, the government introduced the Agricultural Adjustment Administration (AAA) which served to raise food prices.
    • Not helpful when people are starving.