Post 366: Central Bank Policy That Resulted In Unaffordable Homes and Basic Necessities

• Clorox continues to struggle to grow its top line. 
  • And its share price
• A look at real residential real estate price appreciation over the years in: 
  • Canada
  • U.S.A.
  • China
  • UK
• Costco sales are still soaring. 
  • And a look at the profit model.
• Whirlpool's sales and share price are tanking. 
  • Tariffs to the rescue. 
    • And a look back at 1992.
• The US jobs numbers for April were weak. 
  • But the headline number looked OK due to a massive adjustment. 
    • Full-time jobs are down by over a million from last year.
• Canada has lost jobs in three of the last four months. 
  • And underneath the hood the quality is even worse.
• In Financial Ructions: 
  • The Canadian government launches the Canada Strong Wrong Fund. 
    • And no, it’s not a Sovereign Wealth Fund.
  • A look at an article on value investing. 
    • Time horizon is the great differentiator.
• Book Review: 
  • Uncertainty with respect to monetary policy has a dampening effect on capital investment. 
    • PM: Over the last 16 years, the certainty that the Fed will always bail out Wall Street has had an amplifying effect on stock markets.
  • Keynesians worried that as World War II ended and government spending was slashed that it would result in a new Great Depression. 
    • Not only did the government cut spending but the country enjoyed a budget surplus for the first time since 1930. 
      • The economy soared.