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rose98734 (63)in #economy • 23 hours ago
Comparing the current stock market to 1929...
Lots of stock market bubbles have been compared to the lead up to the 1929 peak, most notably the 1990's dot-com boom. But the post covid tech-and-AI boom appears to be tracing…
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rose98734 (63)in #economy • 5 days ago
Budgets Spanish-style - Don't bother, just roll the old budget over
Spain had a general election on 23rd July 2023, which produced a hung parliament. Prime Minister Pedro Sanchez of the Spanish Socialist Workers Party managed to cobble a…
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rose98734 (63)in #economy • 7 days ago
French GDP used to be higher than Britain's - but the UK has now decisively pulled ahead
France and Britain have similarly sized populations, and for most of the post-war period had similar sized economies, with France being in the lead, especially during the…
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rose98734 (63)in #economy • 15 days ago
Britain's minimum wage is now too high
The minimum wage in the UK is now £12.21 per hour. Rachel Reeves has hinted that it will rise to £12.70 per hour after the budget. That works out to £23,114 per annum for a 35…
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rose98734 (63)in #economy • 19 days ago
Canada finishes doing Quantitative Tightening
The Bank of Canada has shrunk it's assets from 26% of GDP in 2020 to 8% of GDP now. Here is the chart: source As you can see from the chart, they've shed their Covid-era…
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rose98734 (63)in #europe • 21 days ago
This chart shows why Britain voted to Brexit
It plots economic growth from 2007 to 2015 against real annual wages (i.e. wages after adjusting for inflation): source Click to enlarge the image. There is Britain…
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rose98734 (63)in #economy • 23 days ago
The % of people with an immigration background in German industry
Here is the table in German: source Here is a translation: Schweiss Verbindungstechnik = Welding connection technology : 60% Koche/Kochinnen = Cooks : 54%…
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rose98734 (63)in #economy • 26 days ago
Does France believe that the rest of the Eurozone will bail them out via an ECB intervention or by issuing Eurobonds?
France has had three Prime Ministers this year. Michel Barnier lost a vote of no confidence just four months into his premiership after proposing spending cuts. Francois Bayrou…
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rose98734 (63)in #economy • 28 days ago
Nvidia now represents 8.2% of the S&P 500 index
Here's the chart: source Nvidia's share of the S&P 500 index is now bigger than the entire energy sector (3%), the entire utilities sector (2.5%) and the entire…
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rose98734 (63)in #economy • last month
The number of unemployed in Germany approaches 3 million - the highest since 2014
Normally unemployment doesn't rise much in Germany as there is a state-run furlough scheme that allows businesses to put their staff on a three-day working week till the economy…
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rose98734 (63)in #economy • 2 months ago
Boomers have a total stranglehold over the French economy
Boomers were born between 1945 and 1964, so they are currently aged between 70 and 90. Lots of countries moan about Boomers, but France really does have a case that Boomers are…
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rose98734 (63)in #economy • 2 months ago
Argentina has spent $1.1 billion in just three days to prop up the peso
This involved the Argentinian Central Bank dipping into it's scant dollar reserves in order to sell the dollar and buy pesos, after the peso crashed 10% following Milei's severe…
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rose98734 (63)in #economy • 2 months ago
The chart that shows why the Federal Reserve cut interest rates
So the Federal Reserve cut interest rates by 25 basis points, taking the Fed funds rate from 4.25% to 4%. In the lead up to the decision (which was well trailed) inflation…
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rose98734 (63)in #economy • 2 months ago
French credit ratings in the spotlight
The French government fell yesterday when the French Assembly passed a motion of no confidence in Prime Minister Bayrou, killing his budget. The previous Prime Minister Michel…
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rose98734 (63)in #economy • 2 months ago
Foreign Central Banks Now Hold More Gold Than US Treasuries
Here's the chart: source The chart says "first time since 1996", but the gold on the central banks balance sheets back then was legacy gold, from when everyone was on…
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rose98734 (63)in #economy • 3 months ago
French bond yields converge with Italy's across the board - is a new eurozone crisis brewing?
French political turmoil has reared it's head again; it looks like Prime Minister François Bayrou won't be able to pass a budget through the French Assembly. There will be a…
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rose98734 (63)in #economy • 4 months ago
The resignation of Governor Kugler allows Trump to appoint Jay Powell's replacement to the Federal Reserve's board now
Governor Adriana Kugler did not attend or vote in the FOMC meeting last week (where they voted 9 - 2 to hold interest rates in her absence). The official reason given was that…
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rose98734 (63)in #economy • 4 months ago
Trade war: Canada's situation is different from the EU's
When the EU followed Japan and signed up to 15% tariffs, many commentators predicted that Canada would "cave" to Trump too. But Canada's situation is different to that of the…
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rose98734 (63)in #economy • 4 months ago
A summary of the terms of the trade deals Trump has negotiated so far
President Trump has just announced a trade deal with Japan and the Philippines. What can we learn from these deals, and the deals already announced with the UK, China, Vietnam…
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rose98734 (63)in #economy • 4 months ago
Will Trump fire Fed Chairman Jerome Powell?
Attacks on Fed Chairman Jerome Powell are happening almost daily as the Trump administration tries to force him to step down early. At the start of July, Trump posted the…
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