Gilded Age All eyes on Italy where inheritance flows have leapt to 20% of GDP.  Good for the beneficiaries perhaps but the overall picture is a bleak one. The population is ageing fast. More than that, it also shows a very low level of growth.  A very wealthy society would ordinarily experience large inheritance transfers

The Australian Way These stats from the UK are normally a good leading indicator. “Money numbers” from the Inland Revenue about what has been paid in payroll tax. Overall it’s a very sharp drop in employment and trending sharply down. One of the major causes has been an increase in what is known as Employers

Not friends That got ugly quickly. Elon actually believed he could cut government spending. He was given carte blanche by his former bestie to do so. He failed.  That is the thing about Elon Musk, he is actually prepared to fail. One of his rockets fell out of the sky too this week, because that