Post 340: The Reckoning Begins: Capital Misallocation Comes Home To Roost
Update: 2025-11-03
Description
- 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 tax revenue plummets what for property taxes to rise even higher.
- Heaven forefend that instead municipalities would become more efficient and cut taxes.
- As new development tax revenue plummets what for property taxes to rise even higher.
- One of the biggest increases is in property taxes.
- New rental prices in Canada are moving down: twelve months in a row.
- Existing rents still moving higher.
- In Financial Ructions
- I have a go at a couple of pieces that attempt to rationalise today’s expensive stock markets.
- And no, valuation is not a timing tool.
- Martin Wolf says that the UK economy needs more investment.
- And higher taxation.
- I have a few comments.
- And higher taxation.
- Some notes from a Grant Williams podcast which looks at the Wicksell spread.
- It was driven down to record negative territory post-COVID and has resulted in monumental misallocation of capital.
- I have a go at a couple of pieces that attempt to rationalise today’s expensive stock markets.
- Book Review
- We start looking at a number of things Keynes said about interest rates and the author’s response.
- And how Keynes wanted to do away with the economic truth that interest rates disclose.
- And Hazlitt’s refutation of Keynes’s liquidity preference used to explain interest rates.
- We start looking at a number of things Keynes said about interest rates and the author’s response.
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