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Post 343: America is trading down and the affordability crisis policymakers don’t want to fix
- Home Depot sales are once again weakening.
- They’re blaming a lack of hurricanes.
- Target department store sales are accelerating downwards.
- With discretionary items taking the biggest hit.
- Meanwhile, consumers are increasingly turning to off-price retailers such as TJ Maxx and Marshalls.
- Sales are accelerating upwards.
- Core inflation in Canada remains elevated.
- And I add some comments on the scandalous increases in property taxes and new development charges over the last twenty years.
- In Financial Ructions:
- Record low mortgage rates resulted in record high home prices and record high profitability for homebuilders: We look at Lennar.
- They are now going in reverse.
- But home building costs are sticky downwards.
- They are now going in reverse.
- And record permanent buydowns by homebuilders are preventing home prices from falling even faster.
- Record low mortgage rates resulted in record high home prices and record high profitability for homebuilders: We look at Lennar.
- In our book review of Where Keynes Went Wrong by Hunter Lewis.
- We see that Keynes believes that savings without an expectation of profit will not lead to economic prosperity.
- Yes, and expectations of profit without savings will have the same effect.
- And how Keynes reverse engineers to justify government intervention.
- We see that Keynes believes that savings without an expectation of profit will not lead to economic prosperity.
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By Paul Musson- Home Depot sales are once again weakening.
- They’re blaming a lack of hurricanes.
- Target department store sales are accelerating downwards.
- With discretionary items taking the biggest hit.
- Meanwhile, consumers are increasingly turning to off-price retailers such as TJ Maxx and Marshalls.
- Sales are accelerating upwards.
- Core inflation in Canada remains elevated.
- And I add some comments on the scandalous increases in property taxes and new development charges over the last twenty years.
- In Financial Ructions:
- Record low mortgage rates resulted in record high home prices and record high profitability for homebuilders: We look at Lennar.
- They are now going in reverse.
- But home building costs are sticky downwards.
- They are now going in reverse.
- And record permanent buydowns by homebuilders are preventing home prices from falling even faster.
- Record low mortgage rates resulted in record high home prices and record high profitability for homebuilders: We look at Lennar.
- In our book review of Where Keynes Went Wrong by Hunter Lewis.
- We see that Keynes believes that savings without an expectation of profit will not lead to economic prosperity.
- Yes, and expectations of profit without savings will have the same effect.
- And how Keynes reverse engineers to justify government intervention.
- We see that Keynes believes that savings without an expectation of profit will not lead to economic prosperity.