In September last year we wrote why wages weren’t rising despite record employment and labour shortages and earlier this month we wrote that U.S. Corporate profits have been growing well and have hit a record high. We explore another angle, total wages (wages including bonuses and overtime – all before taxes) to the corporate profits (before taxes) ratio.
Europe’s aging population is set to cause huge economic challenges
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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U.S. Corporate profits have been growing well and have hit a record high
A U.S. recession is always preceded by falling corporate profits so growing corporate profitability is a good (leading) indicator that a U.S. recession is not here (yet) …
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Did the global economy slow significantly at the end of 2018?
We asked the question whether the economic winter was upon us in November. The global economy was already cooling back then but have things further deteriorated?
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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.
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,
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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).
Are bad loans really increasing for banks in the United States?
Just three charts hold the answer …
We wrote earlier during the year that U.S. consumer and commercial debt hit record highs but charge-off and delinquency rates remained at low levels. We will write about bad loans by each product again in the new year but meanwhile just three charts hold the answer to the question on whether bad loans are really increasing for banks in the United States.
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Those three U.S. recession indicators – how near or far are those from being invoked? End of 2018 edition
We wrote about three slightly different U.S. recession indicators that have been predictive of the past few recessions and have been tracking how near or far are those from being invoked, here’s where we are at the end of 2018,
Some aviation statistics for the European Union
A record of over 1 billion air passengers travelled by air in the European Union in 2017. In 2017, 1.04 billion passengers travelled by air in the European Union (EU), up by 7% compared with 2016 and by 39% compared with 2009.
In 2017, intra-EU transport represented almost half (47%) of total air passenger transport in the EU and extra-EU transport over a third (36%), while national transport accounted for fewer than 1 in every 5 passengers (17%).
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