Debt owed by governments, businesses and households around the globe is up nearly 50% since before the financial crisisRitesh Jain
“Debt owed by governments, businesses and households around the globe is up nearly 50% since before the financial crisis to $246.6 trillion at the beginning of March” .The only way out is default through Devaluation
Capex investments, a key driver of future growth expectations have taken a back seat to buybacks and dividends.
Canadian real GDP per capita growth is ZERO percent over the past year.
MILLIONAIRE METRIC Vancouver, Calgary & Toronto Single Family Detached and a Millionaire all priced in $CAD Ounces of Gold 10 years ago one needed 977 oz of CAD gold to be a millionaire. Now only 490 oz or 50% less are required.
“The unfortunate backstory is that US department stores are losing market share as fast as they are downsizing employees, so it still takes 8 employees for $1 mn in sales per year despite job losses. Meanwhile, e-commerce doubled its share of “core” retail sales in the last 10 years.” Robin Brooks Chief economist IIF
Article by Ritesh Jain, World Out Of Whack