Sterling's Recovery in 2023Watch this video on YouTube After being one of the worst performing currencies of 2022, the Pound has staged an impressive recovery against the US Dollar, rising 15% from the depths of last September’s crisis. After years of decline, markets are now more optimistic the Pound will continue to strengthen. But why …
As elections loom, the Turkish economy is facing a self-inflicted economic crisis of high inflation, and a cost of living crisis that dwarfs what we see elsewhere in Europe. Turkey's Self-Inflicted Economic CrisisWatch this video on YouTube In recent years, Turkey has seen inflation rate surge to over 80% – leaving over 53% of people …
Last autumn, UK house prices reached record levels – with the highest price to income ratio since the nineteenth century. And just at this moment, the Truss/Kwarteng budget sent mortgage rates soaring – it was a shock to a market heavily reliant on ultra low-rates. This combination of factors was the perfect trigger for a …
Greed Inflation is a term used to describe a higher inflation rate due to firms increasing their profit margins. In a period of high inflation, it becomes easier for firms to slip in rising profit margins too. Greed inflation is more likely in markets where firms have a degree of monopoly power and they can …
Definition – Demand is price inelastic when a change in price causes a smaller percentage change in demand. It occurs where there is a price elasticity of demand (PED) of less than one. Goods which are price inelastic tend to have few substitutes and are considered necessities by users. Diagram of price inelastic demand For …
In both 2007 and 1991, house prices fell 20%, will see something similar this year? The really interesting question is whether house prices return to the post-war levels of affordability like after the crashes of 1990 and to a lesser extent 2008. Will The House Price Crash Be Like 1991 and 2008?Watch this video on …
Given an unprecedented cost of living crisis, the UK electorate are turning against Brexit. The % regretting Brexit has grown to record level. There is no chance of a quick return to the EU. Neither the UK or EU want it. But, what about the next generation of voters and politicians? If things can change …
I began a Youtube channel in 2009, and despite the dire quality got quite a few views. But, I decided there was no future in making videos, so I stuck to writing a blog. In the summer of 2022, my website traffic was stagnant and I was looking for a way to boost my website, …