Elon Musk is the wealthiest billionaire on earth Published by Hilliard MacBeth on Oct 29, 2021 Elon Musk, CEO of Tesla and Space-X has become the world’s wealthiest billionaire. He recently passed Jeff Bezos, founder of Amazon, to reach the number one spot. Will Musk become the first person to reach $1 trillion? As Tesla shares reached a peak of... Read more
Canadian CPI massively underestimates housing costs Published by Hilliard MacBeth on Oct 22, 2021 Canada’s statistics bureau, StatsCan, says that CPI-measured inflation is running hot. Year-over-year gains were 4.4 percent for September 2021, one of the fastest rates among developed countries. News reports highlighted rising food and gasoline prices... Read more
Rapidly building inflation threatens Published by Hilliard MacBeth on Oct 15, 2021 Inflation is threatening to get out of control and central banks could be asleep at the switch. In the U.S. the Fed remains supremely confident of its ability to control rising prices, if needed. Is the Fed overconfident? US inflation CPI hit a 13-year... Read more
Tesla results are electrifying Published by Hilliard MacBeth on Oct 08, 2021 Tesla released outstanding sales for the third quarter ending September 30, 2021. At 240,000 vehicles over three months, Tesla deliveries will soon reach 1 million vehicles annually. The rest of the auto industry remains in a deep slump. Is Tesla’s rapid... Read more
Twin growth challenges in China will test the world Published by Hilliard MacBeth on Oct 01, 2021 China is being hit by the double whammy of a real estate slowdown and electrical power shortages. The Chinese system will be put to a severe test. Will China’s twin challenges impact the world economy? Since China was initiated into the WTO in 2001 the... Read more