DOW UP NOW

This policy is turning grocery cashiers into millionaires. Dan Skilleter from Social Capital Partners joins us on a new episode of Free Lunch to talk about employee ownership trusts: what they are, how they work, and why they don't really exist in Canada. readthepeak.com/episodes/the-p…

Just released: Trevor Tombe joins us on Free Lunch for an inflation deep dive. readthepeak.com/episodes/every…

I had a great time chatting with the good folks The Peak 📈 about the case for nuclear power. Great questions from curious minds. Enjoy!

1/Months in the making, here's the final cut of my story on the long-awaited wealth transfer, no longer in the future tense: We're closer to 2053 than 1992. Elites are already disbursing to heirs while alive. The masses likely need luck or a paradigm shift nytimes.com/2023/05/14/bus…

The Mao/Nixon transcripts are so wild

The average wage of Canada's low-skill workers, after adjusting for inflation, was *lower* in June 2023 than it was in June 2019. Good if you employ low-skill workers. Not so good if you are one. 1/4

Wages falling and employment going up are "entirely inconsistent with a labour shortage story," says Mikal Skuterud on Free Lunch. "The only way that can happen is if the supply of labour is growing faster than the demand for labour."

If u don’t like history go to the non history channel and watch pawn stars

*NEW* Canada's GDP per capita was higher in the 2nd quarter of 2018 than it was in the 2nd quarter of 2023. Five years with no economic growth. Stunning. Absolutely stunning.

This was a epic econ-talk with Taylor Scollon for the Free Lunch podcast, if I do say so my self! We hit labour mkt churn, population growth, #teamSEPH, the tilt of wage growth, US comparisons, lagging productivity, and MORE! Listen here: readthepeak.com/episodes/unpac…

ICYMI: Here's my 5-minute opening statement in 3 parts from yesterday's meeting of the Standing Senate Committee on Social Affairs, Science and Technology. PART 1 👇

Really enjoyed talking 🇨🇦 #Competition law w/ Taylor Scollon & Sarah Bartnicka They generously let me take my time to answer questions, which means the podcast is split in 2 parts. (My students will laugh knowingly 😊) This is part 1. Droit Civil uOttawa readthepeak.com/episodes/free-…

The two metrics that governments are ignoring at their own peril: 1. Upward mobility 2. Rates of food bank usage People feel the social contract is breaking. No amount of touting GDP/FDI growth matters while those two are getting worse. www150.statcan.gc.ca/n1/pub/46-28-0…

It was all a dream… right?! Topps MLB Michael Rubin

In July 2023, we assessed 10,000+ 🇨🇦 properties, checking: Effective property tax rate = property tax / fair value Vancouver & Toronto have some of the lowest effective tax rates in 🇨🇦, standing at 0.27% & 0.36% respectively for a detached property. More:

The new Forbes 2024 World Billionaire list just dropped and Canada has 67 families on the list. Our new Social Capital Partners report, 'Billionaire Blindspot' helps explain why - sadly - none of them will be captured by StatsCan in their wealth survey. Read here!👇 socialcapitalpartners.ca/scpreports

Torsten Slok: a "significant rise" in stocks & cash flows from fixed income gave households $$$ "to travel...stay at hotels, eat at restaurants, go to sporting events, amusement parks & concerts, and that is why inflation in the non-housing service sector continues to be so high"

A new report says that China is adding the equivalent of 5 nuclear power plants worth of clean energy every week abc.net.au/news/science/2…