Campbell’s Soup sales are back in positive territory. Restaurants getting so expensive people are eating more at home. But not eating as many snacks. Hudson’s Bay is being liquidated. But its brands will live on. The percentage of first-time home buyers in the US has plummeted. It’s a result of deliberate policy. The alcohol industry is still struggling. Brown Forman, maker of Jack Daniel’s, recently announced their results and they were met with plenty of booze. Its share price is going down faster than shots of Jack Daniels at a Honky-Tonk line dance. Home sales in the Toronto area are down more than a third from pre-COVID.Yet active listings are way up: over 40%.Lululemon comparable store sales in the Americas have not grown for five straight quarters.Procter & Gamble sales growth has been declining.And now its number of employees is following suit.P&G competitor Kimberly Clark also saw sales weaken and are now in negative territory.In Financial Ructions:We look at how real interest rates were distorted into negative territory for years by Ben Bernanke.With other central banks following suit this was the start of the housing affordability crisis in many countries.Manufacturing has been contracting in the US for some time.But prices are rising.Canadian banks may be getting nervous.Activist Treasury Issuance survives the change in government.We start Chapter 1 of our book review of The Way the Economy Works: How Economies Fail – and Succeed by Jude WanniskiGovernment must be of the people and must be trusted.Decadence only occurs when government goes its own way and in a direction different from that demanded by society. 

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