Claim OwnershipPaulitical Economy™
Subscribed: 0Played: 0
Subscribe
© 2026 Paulitical Economy™
Description
A snapshot of what’s going on in the world’s economy.
33 Episodes
Reverse
Delta Airlines passenger revenue growth is barely in positive territory.But falling fast in economy class.Walmart takes to the air.In less than two years drones will be delivering to over 40 million Walmart customers.Saks Global files for bankruptcy protection.A look at the evolution of Canada’s housing affordability crisis.The Bank of Canada first handed the baton to municipal and then federal governments but took it back after COVID.Consumer products company Helen of Troy sales have acceler...
A look at how pension plans compare between the Canadian private and public sectors.Car prices in the U.S. and Canada have soared.And no, it’s not because of tariffs.Macy’s seems to be turning around its business.And more evidence of the Special K phenomenon.But not all luxury companies are benefiting, and Saks Global may be filing for bankruptcy protection.And we take a look back.Continuing our luxury theme, we look at stats for the most expensive homes sold in the U.S. in 2025.And a cool vi...
The price of weight-loss drugs is plummeting.Used luxury watches are a multibillion dollar business.And so are fakes.TV watching via streaming has taken over.And YouTube leads the way.The percentage of American homeowners with a mortgage has been declining.But is due to a generational divide with the next generation’s monumental mortgage debt funding the retirement of mortgage-free Boomers.Audiobooks are becoming increasingly popular.A look at housing supply and how the US, Canada, the UK and...
Electric vehicle demand is a fraction of what auto manufacturers thought it would be.But government involvement helped to distort expectations.Ford takes a huge write-down.Coty is a leading cosmetics/fragrance company founded in Paris.Its sales are falling, but not as fast as its share price.And we take a look back at this interesting business.Do you know what a flacon is?We revisit how Social Security is heading for insolvency in eight years unless changes are made.And how back in 1983 Washi...
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 ...
Lululemon continues to struggle in the US.While Costco continues to relentlessly drive sales higher.People continue to flock to RH for luxury furniture.But investors refuse to do likewise with the share price.The overall rejection rate for new credit applications is the highest in at least ten years.Almost half of mortgage refinance applications were rejected.Auto parts sales in the US continue to do well.And AutoZone has done extremely well in past recessions.Swiss watch sales continue to st...
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.Netflix is shooting the lights out.And now they’re buying Warner Brothers.And a look back at Warner Brothers.After eight straight quarters of negative sales growth Deere Corporations flips...
Apple is a pretty impressive business founded by a very impressive entrepreneur.But its share price is way ahead of the business i.e. expensive.We take a look back.After many quarters of negative comparable store sales growth, Best Buy’s sales are actually accelerating.Strongest growth in over four years.Hewlitt-Packard adjusted sales have now grown for six straight quarters.And we take a look back.Canada’s method of calculating inflation doesn’t capture the soaring prices of housing.But the ...
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 Ruc...
Americans are dining out less often.Traffic has been down eight months in a row.Yet Darden, owner of Olive Garden, is seeing same store sales accelerate.But not Wendy’s:US same store sales are accelerating downwards.They said that lower income consumers remain under pressure.And we take a look back.As financing costs go up, used car sales go down and loan losses go up.CarMax, the largest used car dealer in the US, is struggling.Car repossessions in the US could hit a new record this year.Penn...
Manufacturing in the US has been contracting for most of the last three years.Chipotle has a younger customer base that is struggling economically and thus eating at home more often.Its share price is down 47% this year.Starbucks comparable sales finally turn positive – just.Introducing the PM Loser Index.McDonald’s sales tick down a bit but still in positive territory.Traffic from low-income consumers was down almost 10%.Inflation pressuring margins but profitability still rose.Clorox sales ...
All of a sudden a lot more companies are announcing layoffs.Things have significantly changed from when companies used to hoard employees just in case.A look back at Porsche.And sales are falling as their customers are feeling poorish.US inflation ticks up to its highest level in eight months with core inflation remaining well above the Fed’s 2% target.Which itself is a joke.Core inflation measures in Canada remain elevated.One of the biggest increases is in property taxes.As new development ...
A look at social security in the US.It will be insolvent within ten years in large part because deductions from payroll to pay for social security are consumed rather than invested.Krispy Kreme is experiencing consumer demand that is softer than their donuts.And a look back.Sales for Gucci and Yves St. Laurent are less bad.And they sign a new deal with L’Oreal.L’Oreal continues to grow its like-for-like sales.And has been a solid long-term investment.Nestle announces thousands of layoffs.And ...
Cheap funding has been the main cause of housing affordability crises.After two quarters of negative sales growth, luxury group LVMH creeps into positive territory.And after only one quarter of negative sales growth, Domino’s soars into positive growth territory.Amazing what happens when you improve your customer value proposition.Pepsi’s volume has declined for thirteen straight quarters.And prices continue to rise.London’s black cabs are increasingly under threat.And a look back.Sales growt...
Beer maker Constellation Brands’ sales and share price are going down faster than its beer. US office vacancy rate ticked down from last year. But is still over 25% in some Western cities. When you buy a home the government assumes you’re paying rent to yourself and they add it to GDP making the economy look much stronger than it really is.Particularly if there’s a housing bubble. Another reason policymakers like to drive housing price higher.Mercedes Benz sales have been ...
PACCAR is one of the leading truck manufacturers in the U.S.A look back.New truck deliveries are down 13.5% from pre-COVIDJ.B. Hunt is one of America’s largest trucking companies and its sales growth has finally nudged into positive territory.And no, supply chain bottlenecks did not cause the inflation of 2022.UPS sales growth in the US returns to negative territory.But Fedex’s sales accelerate.Mortgages in Canada are renewing at much higher rates.Inflation has a much greater impact on the wo...
Two thirds of American workers are now living paycheck to paycheck.And job prospects are the lowest in at least 12 years.Kellogg’s has had a long history and the company split into two separate businesses a couple of years ago.Now both of those businesses will be taken over by private companies.Sales for both are very weak.Lennar is one of America’s largest home builders.Its home prices are now down over 20% from peak.And down from pre-COVID.Core inflation in Canada remains elevated.In Financ...
Tariffs are sending coffee prices soaring.A tax for American consumers with no benefit.Delta Airlines passenger revenue growth has been grinder lower for the last couple of years and is now flat:And now falling in economy class for two straight quarters.Lululemon has not grown comparable store sales in the US for a year and a half.And sales are accelerating downwards.The Canadian government has wisely scrapped next year’s quotas for new cars that must be low emission.Future targets may also f...
We start by taking a look back at Heinz.And two decisions that ended their long-term relationship with McDonald’s.Healthcare costs for Canadian boomers are being subsidised by the next generation.As well as their retirement.Headline consumer price inflation in the US ticks up in August and core inflation remains elevated.And it was mainly due to services i.e. not tariffs.Headline wholesale inflation fell.But core wholesale inflation was the highest in five months.J.M. Smucker posted their lat...
After seven straight quarters of sales declines, and fourteen quarters of declining volume, Kraft Heinz has announced that they will split up the company.The merger of the two companies back in 2016 has been a disaster.And we take a look back.Canadians are falling behind on their debt payments.Home prices in Canada have outpaced those in the US.It’s primarily due to money supply growth and low interest rates.And Canadian politicians benefited more from this than the average Canadian.The Bank ...
Comments
Download from Google Play
Download from App Store
United States