The problems underlying the crisis in France are lack of economic growth and higher debt costs
Notayesmanseconomics's Blog
by notayesmanseconomics
39m ago
Over the weekend the pace rather picked up on the issue of the French Budget. The situation yesterday was this. PARIS, Dec 1 (Reuters) – France’s far right National Rally (RN) leaders said on Sunday that the government had rebuffed ..read more
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UK money supply growth suggests the window for interest-rate cuts may soon close
Notayesmanseconomics's Blog
by notayesmanseconomics
3d ago
This morning has brought some better news for the Bank of England and indeed the UK government. The likely appointment of Scott Bessent as US Treasury Secretary has been followed by a fall in US bond yields. Thus what we ..read more
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Trump 2.0 starts with a bang with proposed Tariffs on Canada, China and Mexico
Notayesmanseconomics's Blog
by notayesmanseconomics
3d ago
This morning the economic news is dominated by an overnight announcement from President elect Trump as he announces some initial plans for 2.0. As you can see below it is Trump Tariff time. Donald Trump has said he intends to ..read more
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ECB President Lagarde has a tenure littered with policy errors and U-Turns
Notayesmanseconomics's Blog
by notayesmanseconomics
4d ago
This morning the economic news is coming from the European Union and we can start with an interview with the Financial Times by ECB President Christine Lagarde. As ever she seems to be in rather a muddle. President-elect Donald Trump ..read more
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What can we expect next from Bitcoin?
Notayesmanseconomics's Blog
by notayesmanseconomics
5d ago
The issue of Bitcoin is something that is not going away even if the central banks wish it would. They would far prefer a world of central bank digital coins where they would have control and in particular the ability ..read more
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Three of the four Deputy Governors at the Bank of England come from HM Treasury
Notayesmanseconomics's Blog
by notayesmanseconomics
1w ago
Today gives us an opportunity to look at Bank of England policy and which path it will take between the two choices ahead? These are to follow the US Federal Reserve with limited rate cuts or to follow the European ..read more
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Germany is in an economic depression due to its reliance on renewable energy
Notayesmanseconomics's Blog
by notayesmanseconomics
1w ago
This morning has seen a selection of poor economic news in Europe and the UK. If not quite toxic rather unpalatable and let me start with something that I marked you cards about back when the original Germany GDP report ..read more
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UK public-sector borrowing continues to reflect the fiscal profligacy of our political class
Notayesmanseconomics's Blog
by notayesmanseconomics
1w ago
This morning has brought us up to date on a UK number that has acquired increased importance after the recent Budget by Chancellor Rachel Reeves. She intends to increase borrowing and we know that such a move is on top ..read more
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The rise in UK inflation is uncomfortable for a government which plans to raise it further
Notayesmanseconomics's Blog
by notayesmanseconomics
1w ago
This morning has brought some predictable but none the less disappointing news for the UK on the inflation front. Let us start our analysis with the measure that the Bank of England targets. The Consumer Prices Index (CPI) rose by ..read more
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Japan is seeing labour shortages as its population shrinks but still real wages have fallen
Notayesmanseconomics's Blog
by notayesmanseconomics
1w ago
This morning has brought an intriguing development in Japan as we have seen the Japanese Yen rally very sharply from 154.60 to 153.60. The move was like there had been some intervention if we look at the speed and size ..read more
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