In today’s Money Morning, learn about Fordlandia — Henry Ford’s failed attempt at building a utopian city and a supply of rubber for Ford’s vehicles. Ford understood that supply chains can break down when they are overstretched. And right now, it seems our current global supply chain is at that point. Read on…
ASX tumbles, dragged lower by the big banks. US inflation comes in hotter than expected, providing impetus for more rate hikes.
Multinational biotech CSL reported $1.62 billion in profit, while less than last year, this did include expenses for its big acquisition of Vifor Pharma.
James Hardie shares are moving down, with the company declaring it’s had to cut its 2023 earnings guidance on a challenging macro environment.
The world of prosperity — steadily increasing economic activity, rising share and property values — was taken for granted. This was how our world functioned. It was our norm. Now, it’s become expected. Any disruption to what we’re entitled to has to be met with vast amounts of stimulus (more debt). Does anyone else see the idiocy in this? We are living in a world of total make-believe. Read on…
How much stress is the Aussie consumer under? With retail sales slowing in the December quarter and mortgage interest repayments set to spike later this year, is the Aussie consumer — and the economy — set for pain ahead?
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