Tejvan Pettinger
Last week, the price of diesel in the US hit $5.85 a gallon, beating the record of June 2022. This sharp rise in fuel price threatens everything from food prices to bond yields. Oil prices have risen this year, but at around $90 is not particularly remarkable. But, unlike 2008 when oil prices surged …
The last two weeks I spent in the US on holiday. I tend to take a break from economics and the news. Though, eating in a classic US diner, they have to show the news on tv screens (a very bad habit of US restaurants). Anyway, what was on TV but bond yields going up …
The Buffett Indicator shows that the US Stock market is now at 250% of GDP, US Stocks are worth 2 and a half the value of everything the economy produces in a year. But is that a sign of overvaluation? Well, there are several indexes which are reminiscent of previous crashes, to give just one, …
Two of the world’s most critical oil chokepoints — the Strait of Hormuz and Bab-el-Mandeb — are seeing almost no shipping traffic right now. Yet as the Iran conflict drags on, far from an oil apocalypse, prices are 30% down from their peak. But if you’re filling up with diesel, you won’t have noticed — …
Japan is the land of the rising sun, but the Yen has been falling and the only thing going up is Japanese bond yields. But why does this matter for the global economy? Well, the other part of the equation is this Japan’s gross debt at 249% of GDP, the highest in the world. Recently, …
Nordic countries take five of the top six places in the world happiness rankings. Only Costa Rica breaks their dominance of the top 6. But, They also have some of the highest tax rates on earth. Whilst there is a theory, higher tax reduces growth and living standards, the paradox is that as tax …
In June, South Korea had the best performing stock market in the world. But today it is seeing one of the fastest crashes in modern market history, dropping 34% in just 25 trading days and wiping $2.1 trillion off the Seoul market. So the question for every investor – was this a uniquely Korean crash …
With war in the middle east causing a spike in oil prices, inflation and mortgage rates, it’s a turbulent time. But Not only that buyers face uncertainty over future property taxes, a potential AI Bubble and a stagnating economy. So what does this all mean for households, is it the worst time in years to …