Google searches for ‘firewood’ explodes in Germany amid energy crisis
In recent months, Google searches for ‘firewood’ has exploded from years prior as the country faces a mounting energy crisis.
debt
U.S. household debt jumps past $16 trillion, with $2 trillion added since the end of 2019
Since the end of 2019, just prior to the pandemic, household debt has risen by nearly $2 trillion passing $16 trillion in the second quarter of 2022.
inflation
As U.S. under Biden administration enters a recession, Wikipedia changes the definition of ‘recession’
As the United States officially entered into a recession on Thursday, July 28, Wikipedia changed the definition of “recession”.
inflation
Former White House economic adviser Steve Moore says Biden’s inflation policies are making inequality worse, calls it “economic malpractice”
On a recent podcast with John Solomon, Former White House economic adviser Steve Moore called Biden’s handling of inflation and proposed spending “economic malpractice”.
canada
Canada’s inflation keeps climbing, reaching a 39-year high of 8.1% in June
Canada’s rate of inflation soared in June 2022, to a four-decade high of 8.1%, Statistics Canada reported.
canada
Canada’s per-person federal debt has grown by 35.3% under Trudeau’s government
A recent study from the Fraser Institute has found that under Justin Trudeau’s tenure as Prime Minister of Canada, the federal per-person debt rose by 35.3% between 2015 and 2022.
canada
Almost half of Canadian renters believe they will remain renters, being unable to enter the housing market due to unaffordability: survey finds
In a survey from Canada Life, 45 percent of renters said that they will either “continue renting indefinitely or aren’t sure when they will buy” due to affordability and cash flow concerns.
canada
Royal Bank of Canada warns home buyers are facing the “least affordable” housing market in a generation, anticipates property values to fall “more than 10% in the coming year”
In the Royal Bank of Canada’s most recent Canadian Housing Report, they said that Canadian home buyers face the least affordable market in a generation due to “sky-high prices and rising interest rates”.
elon musk
Twitter sues Elon Musk, claiming Musk trashed the company and destroyed stockholder value
On Tuesday, July 12, 2022, Twitter sued Elon Musk in Delaware for violating the $44 billion deal and asked the court to order Musk to fulfill the purchase.
housing market
U.S. housing affordability is at its lowest point since 2006
May 2022 was the most expensive month since 2006 to buy a home due to record home prices and increasing mortgage rates.
