Why wouldn’t it be?
It has been 10 years since the collapse of Lehman Brothers triggered the largest economic crash in living memory, how much has really changed since then? A lot has changed since then but not entirely as one would have expected …
Continue reading “How much has really changed since 2008? Part 3 of 3”
It has been 10 years since the collapse of Lehman Brothers triggered the largest economic crash in living memory, how much has really changed since then? A lot has changed since then but not entirely as one would have expected …
Continue reading “How much has really changed since 2008? Part 2 of 3”
It has been 10 years since the collapse of Lehman Brothers triggered the largest economic crash in living memory, how much has really changed since then? A lot has changed since then but not entirely as one would have expected …
Continue reading “How much has really changed since 2008? Part 1 of 3”
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 in September 2018,
Have inward mergers and acquisitions (foreign companies acquiring UK companies) really soared in the United Kingdom due to a weak pound? The answer is no. The Office for National Statistics (ONS) publishes numbers for inward, outward and domestic mergers and acquisitions and it doesn’t appear either have really changed pace despite a weaker pound.
The private service sector in the United States now accounts for over 71% of all jobs given the growth in entertainment, tourism, healthcare and educational services. The exponential growth of the internet and people buying more experiences (like travelling or eating out) rather than buying goods means the goods-producing industries (like construction, manufacturing and mining) have seen a decline in jobs and now contribute less than 14% of all jobs. Government jobs have contributed around 15% consistently to the overall labour market over the past 50 years.
Continue reading “The Service sector increasingly dominates the U.S. labour market”
Both the United Kingdom and the United States currently have record multi-year high levels of employment, yet wages haven’t kept up with inflation for the vast majority of people causing a real income squeeze. Although the U.S. recently reported the highest wage growth since the last recession most people don’t feel their wages are keeping up with rising prices. What is going on?
Continue reading “Here’s why wages aren’t rising despite record employment and labour shortages”
Australian credit growth is slowing but outstanding debt remains at historically high levels. Housing credit growth, personal credit growth, investor housing credit growth and business credit growth are all slowing. But the rather surprising thing is broad money (M3) supply growing at a 12-month rate of just 1.9%, the slowest since 1992 when Australia faced eight consecutive quarters of declining economic growth.
Does a balance of payment (or trade) surplus equate higher growth? Not necessarily, Australia which has had deficits for over forty years has grown faster than Germany which has had over forty years of surpluses. Does a current account surplus (i.e. exports greater than imports) mean a nation is doing better than other nations with current account deficits? The answer is no, what really matters is why the deficits exist.
We will be publishing a number of statistics for the United Kingdom (and the European Union) over the next few days in the run up to a major piece we will be publishing on the real economics of Brexit.
Montenegro, the former Yugoslav Republic of Macedonia, Albania, Serbia, Turkey, Bosnia and Herzegovina and Kosovo are countries on the road to join the European Union.
