Why are Bond Yields RISING FAST Everywhere?Watch this video on YouTube For decades, Japan had artificially low interest rates, but since 2022, bond yields have risen, and the pace of increase is getting steeper. And when you have debt at 270% of GDP, this is a big deal. Japan has a double crisis – rising …
On Wednesday 16 September 1992, the UK economy was in deep recession, with unemployment of 10% interest rates of 10%, and the Pound was struggling to maintain its value against the D-Mark. As soon as markets opened, financial investors piled in to sell pounds to a beleaguered government, and Sterling fell, reaching the floor of …
Will Life Get Worse of Better for the Young Generation?Watch this video on YouTube Double-digit inflation, youth unemployment soaring, and a general sense of the UK’s economic decline. Is there any hope for the younger generation? Now here I’m not actually talking about 2025, that was the 1970s and early 1980s. It’s never been easy …
Things We Get Wrong About the EconomyWatch this video on YouTube The Government doesn’t actually print that much money The Bank of England is notionally independent, but heavily regulated by the government. Have you ever wondered how much physical cash the Bank of England printed last year? The net amount of notes in circulation increased …
Last week, for the first time in history, Moody downgraded the credit rating of US debt, it has sparked long-term bond yields to rise to levels last seen in 2008. Moody’s predicts that the US deficit will rise to 9% of GDP by 2035. This is really unprecedented for peace time. The forecast assumes no …
In the early 1980s, housing was around 4 times income, but today, a buyer will need 8 times their income. Young people cannot afford to buy, with average deposits running at over £60,000. Renting has also soared in recent years, with average rents nearly £1,400 a month in England, and £2,200 in London. In the …
1970s – The Decade That Nearly BROKE BritainWatch this video on YouTube Rubbish piled on the streets, record levels of strikes, an IMF bailout and runaway inflation. The 1970s has gone down in the popular imagination as a dark time, literally in the case of the 3-day week, when lights were turned off, but …
Will Printing Money and QE cause Runaway Inflation?Watch this video on YouTube After the First World War, the German government were left with huge debts and reparation payments to the Allies. Faced with striking workers the government began printing money to pay workers higher salaries. It gave the government a temporary breathing space, …