Europe’s aging population is set to cause huge economic issues

We wrote about population percentage for each country by age last year. Here’s a map of population percentage for age 65 and above:

Japan has the highest percentage of over 65s at 26.56%. The other countries that make the top 25 countries for over 65s population are Italy, Germany, Portugal, Finland, Bulgaria, Greece, Sweden, Denmark, France, Croatia, Spain, Estonia, Austria, Malta, Lithuania, Czech Republic, Slovenia, Belgium, Netherlands, United Kingdom, Switzerland and Hungary all of which are in Europe.

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Rising benchmark interest rates in the United States are having little impact on mortgage and saving interest rates as well as interest margin of banks

The Federal Reserve increased the target for the bank’s benchmark rate by 0.25% (to a range of 2.25% to 2.5%) at the end of December, the ninth rate rise since 2015. Rising benchmark interest rates are having little impact on mortgage and saving rates or interest margin of banks.

Interest Margin of Banks in the United States stood at 3.33% at the end of Q3 2018, up just 0.03% from Q2 2018 (3.3%) and up just 0.18% from Q3 2017 (3.15%).

US banks net interest margin January 2019

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UK household credit growth remains robust despite Brexit as outstanding household debt hits 80% of GDP

Household credit growth has been slowing around most of the world including the United States, Canada and Australia but remains robust in the United Kingdom despite economic concerns around Brexit. Household debt excluding student loans has hit 80% of GDP and including student loans has hit 90% of GDP.

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Healthcare has displaced Retail as the largest employer in the United States

Some 16.2 million people now work in the Healthcare sector in the United States. Healthcare has displaced Retail as the largest employer in the United States and has been the biggest job creator since the 1990s. 10.8% of all nonfarm jobs are now in healthcare. Here’s a graph of the growth of healthcare jobs,

US total healthcare payrolls 1990 to 2018   Continue reading “Healthcare has displaced Retail as the largest employer in the United States”

2019, a year that will be different

At the outset, we wish you a Happy New Year!

Today, the 3rd of January has been a record day every year (for at least the last 15 years) for several things. For starters you have online returns (in the U.S. and the U.K.), gym memberships and dating website(s) signups peaking on the day. But this year is different so expect the unexpected. We can’t write about everything today but cover four topics (Retail, Technology, Interest Rates and Debt).

2019

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