Post 347: Christmas Music, In-Flight Miracles and Monetary Delusion
Christmas with Andy Williams and the murder trial of his ex-wife.
The US restaurant industry is seeing negative foot traffic.
This is what happens when inflation drives dining costs through the roof.
However, after a rough patch in late 2024, Olive Garden owner Darden Restaurants continues to generate decent sales growth.
A quick, closer look at Costco Travel.
And great deals on car rentals too.
And some people will shamelessly do anything to jump the queue.
US headline inflation ticked down but is still above the Fed’s arbitrarily set 2% confiscation rate.
However, due to the government shutdown there are questions about the veracity of the data.
Canada’s inflation rate remains steady in its own arbitrarily set confiscation range.
Although core measures, while still elevated are the lowest since March of last year.
And rental accommodation in some cities is down significantly.
Welfare fraud in America is costing hundreds of billions of dollars.
Such that many on welfare live better than most middle-class Americans.
In Financial Ructions:
Japan has the highest debt to GDP of any developed economy.
And now interest rates are rising as 35 years of interest rate and price discovery distortion come home to roost.
And in our book review of Where Keynes Went Wrong by Hunter Lewis.
We look at Keynes’s barbarous relic and see that the gold exchange standard that contributed to the Great Depression was not the classical gold standard.
And how Keynes, with his enormous intellect, deliberately sought to confuse and intimidate critics into silence.
Post 347: Christmas Music, In-Flight Miracles and Monetary Delusion
Christmas with Andy Williams and the murder trial of his ex-wife.
The US restaurant industry is seeing negative foot traffic.
This is what happens when inflation drives dining costs through the roof.
However, after a rough patch in late 2024, Olive Garden owner Darden Restaurants continues to generate decent sales growth.
A quick, closer look at Costco Travel.
And great deals on car rentals too.
And some people will shamelessly do anything to jump the queue.
US headline inflation ticked down but is still above the Fed’s arbitrarily set 2% confiscation rate.
However, due to the government shutdown there are questions about the veracity of the data.
Canada’s inflation rate remains steady in its own arbitrarily set confiscation range.
Although core measures, while still elevated are the lowest since March of last year.
And rental accommodation in some cities is down significantly.
Welfare fraud in America is costing hundreds of billions of dollars.
Such that many on welfare live better than most middle-class Americans.
In Financial Ructions:
Japan has the highest debt to GDP of any developed economy.
And now interest rates are rising as 35 years of interest rate and price discovery distortion come home to roost.
And in our book review of Where Keynes Went Wrong by Hunter Lewis.
We look at Keynes’s barbarous relic and see that the gold exchange standard that contributed to the Great Depression was not the classical gold standard.
And how Keynes, with his enormous intellect, deliberately sought to confuse and intimidate critics into silence.