Listen "Post 332: Kraft Heinz Splits, Canada Drowns in Debt, Jobs Scarce — and Central Banks Sparked the Housing Crisis"
Episode Synopsis
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 of England confirms that it was responsible for the UK’s housing affordability crisis.Auto loans in the US are increasing in length.This adds considerably to the amount of interest paid on the life of the loan.And particularly for those with poor credit scores.In Financial Ructions:The US jobs situation is worsening in numbers and in quality.Government and part-time jobs up.Private industry and full-time jobs down.The Canadian economy is bleeding jobs.Unemployment is reaching levels not seen in 9 years.The Canadian government is considering relaxing some bank capital requirements.This is a bad idea.
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