Since the start of the year the dollar has fallen 9%. The global reserve currency is under pressure. (BTW: real problem in Japan was 30 and 40 year bonds) Yet at the same time, bond yields are rising creating a headache for the government and financial system. In Japan, the recent surge in bond …
It’s pretty easy to talk about the problems with the UK economy – 18 years of low growth, stagnant real wages, low productivity, low investment, housing costs through the roof. The numbers don’t lie. If past trends had continued from 2007, average households would be at least £8,000 a year better off. If we could …
Crazy Regulations Which Hold the Economy BackWatch this video on YouTube There is a new window regulation which states new windows on upper stories have to be 1.1 metre off the ground because of the risk that people may fall out of them. It is argued that due to global warming people will open windows …
A record number of young people are giving up on work. Nearly a third of young people are either studying or dropping out of the labour market completely. In 2012 youth inactivity due to poor health was just 8%, now it is 23%, with poor mental health being the largest cause. Amongst all age groups, …
Is American Economy Now Set to Decline?Watch this video on YouTube The US economy has been outperforming the rest of the world. It has left the European economy in the dust. In the 1990s with everyone buying a Sony Walkman, it was Japan which was going to overtake the US, but it never did. The …
For many decades we worried about population growth. The global population soared. But, then it all started to change very quickly change. The latest UN forecasts suggest the world population is forecast to plummet in the coming decades. The world will change. By 2050, there will be more people in two African countries than the …
Rail Privatisation Failure – Why we pay more for TrainsWatch this video on YouTube In the Victorian age, the UK led the world in building railways, it was an invention that changed the world. But, by the 1980s, the state owned British Railways was the butt of jokes, stale sandwiches, declining passengers and closed lines. …
In recent months, the US Housing Market has seen record house prices, mortgage rates quadrupling from 2 to 8%, and price to income multiples worse than 2006. It is a familiar story across the world. But, so far US house prices have seemed to defy gravity. Yet how long can they remain so elevated? Is …