Notayesmanseconomics's Blog
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Blog by Shaun Richards. I am an independent economist who studied at the London School of Economics. My speciality is monetary economics and I analyse current economic trends.
Notayesmanseconomics's Blog
3d ago
This morning has opened with another example of the improving situation for the UK economy. It has come from the retail sales numbers. Retail sales volumes are estimated to have risen by 0.5% in April 2023. Actually the monthly gain ..read more
Notayesmanseconomics's Blog
5d ago
Today was always going to be a bit of a benchmark day for the UK as we arrived at what we might call “domestic energy day” for UK inflation. I pointed this out on Twitter last night. At 7am we ..read more
Notayesmanseconomics's Blog
6d ago
This morning the focus switched to the UK public finances release and it did provide some food for thought. Public sector net borrowing (PSNB ex) in April 2023 was £25.6 billion, £11.9 billion more than in April 2022 and the ..read more
Notayesmanseconomics's Blog
1w ago
The last week or so has seen a build up again of rhetoric from central bankers over more interest-rate increases. Over the weekend just gone, this was added to as you can see below. The European Central Bank’s fight to tame ..read more
Notayesmanseconomics's Blog
1w ago
Even in ordinary times it is wise to take note of the words of central bankers. At the moment that is even more true because we never seem to be in ordinary tines and especially because central bankers are in ..read more
Notayesmanseconomics's Blog
1w ago
This morning has shown a consequence of something I touched on yesterday I think. We have seen a big figure change in the Chinese currency. Onshore #yuan #CNY weakens more than 0.5% against US dollar to hit 7.0025 at one ..read more
Notayesmanseconomics's Blog
1w ago
This morning’s release has just about brought us to a corner on what turned out to be a road a lot straighter than it looked. A sort of economic equivalent of an optical illusion. In the latest quarter, total actual ..read more
Notayesmanseconomics's Blog
2w ago
Over the weekend I was thinking about Turkey and the issues of high interest-rates and currency devaluations, partly due to the Presidential elections there. But in terms of economic news Argentina has stepped up and said “Hold My Beer”. Argentina ..read more
Notayesmanseconomics's Blog
2w ago
Yesterday saw quite an extraordinary performance by the Bank of England. You do not need to take my word for it as Governor Andrew Bailey gave quite a puff of his cheeks as he left the press conference. Switching to ..read more
Notayesmanseconomics's Blog
2w ago
The story of 2023 so far has essentially been one of central banks raising interest-rates in an attempt to reduce the inflation they told us was not going to happen. This is particularly true of the European Central Bank or ..read more