- PACCAR is one of the leading truck manufacturers in the U.S.
- A look back.
- New truck deliveries are down 13.5% from pre-COVID
- J.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 working class.
- And their real earnings are falling.
- Car sales jumped temporarily as buyers rushed to beat the expiring EV tax credit.
- In Financial Ructions
- Canada is heading for a budgetary crisis.
- And total government debt to GDP is over 100%.
- No, A.I. should not prevent corporate profitability from mean reverting.
- In our book review of Taxes Have Consequences:
- We see why the US economy soared after the war rather than collapse like many Keynesians predicted it would.
- Spoiler alert: it was because of less government.
- And the 1950s was all that it was cracked up to be.
- High taxation had returned and individuals and corporations spent more of their energy avoiding taxes than growing the economy.
