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 …
The 1980s was a decade of divides. The proud industrial heartlands of the north suffering irreversible decline. The City of London enjoying an unprecedented boom. In the early 80s, Unemployment soared to the highest level since the Great Depression, manufacturing fell off a cliff. But not everyone suffered in the 80s. Financial liberalisation and tax …
Just when you think it couldn’t get any worse, the threat of a global trade war has contributed to confidence in the UK economy plummeting to record lows. The IPSOS economic index is running at the lowest level since records began. But, it’s more than just international turmoil; dissatisfaction with the economy has been building …
House Prices – What Happens Next?Watch this video on YouTube Here is a graph that often surprises me. If we adjust UK house prices for inflation, they are the same level as 2003. In other words, if you bought a house in 2003, ignore the effects of inflation, then the average house hasn’t increased in …
UK Households Set to be POORER by 2030Watch this video on YouTube After 15 years of stagnating living standards, a new report suggests that after housing costs, real disposable income are likely to continue falling for the next five years. The decline will be felt by all income groups, but those on benefits, poorer households, …
US Debt is Set to Massively INCREASE – Does it Matter?Watch this video on YouTube As a share of GDP, US debt is forecast to rise from the current level of 100% of GDP towards 180% by 2050. This is unprecedented – higher than the second world war. However, the recent budget resolution to …
The UK was the first country to industrialise, but also one of the first to deindustrialise. UK manufacturing as a a share of GDP has fallen from 30% in 1970 to 8% in 2024. The UK is not unique in smaller share of manufacturing, but the decline has been relatively bigger than other countries. Manufacturing …
London can be a great place to live, with a strong economy, a wealth of high-paying jobs, and a rich legacy of art, sport and culture. It’s become a melting pot of world cultures and is the top European city for tourist visits. Symbols of London are instantly recognisable. Yet, at the same time, its …