Could the UK kick off the next Eurozone crisis? Having watched the entire video I have no more idea about that than I did at the start, since the Eurozone had nothing beyond a handful of mentions early on suggesting that it faces some of the same problems, but then basically disappeared.
Strange video indeed. The pound falling and sanctions is bc of political issues, not economical, and the inflation, while technically an economical issue, is directly caused by war in Ukraine and post covid issues, which are global problems. I don't really understand what the point of this video is
I like the concise analysis. It helps non economists to gain some understanding. One thing I'd like to see is a trend for each of your scoring matrics. This would give a better understanding of where and possibly how to work with the economy in question. Especially for those living in that economy.
This guy is a mouthpiece for neoliberal economics and will go down in history as a shill for this failed and destructive economic system. In other words he is part of the problem and not the solution.
You know you could work for 40yrs to have $1M in your retirement, meanwhile some people are putting thousands of dollars in a meme coin and now they are multimillionaires.
Most people believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimum access to other currencies or gold/silver coins.
My colleague is increasing his portfolio with Josef Dennis's strategy so i believe and trust it, i can't wait to get my paycheck and buy bitcoin and then start.
You guys are funny. Claim to have a money making method yet need external money and are active trying to find new investors. If you are that successfull you don't need investors or participants. You need a loan to scale the investments.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?!
I can’t focus on the long run when I should be retiring in 3yrs ,you see I’ve got a good companies in my portfolio and a good amount invested, but my profits has been stalling, does it mean this unstable market doesn’t provide any calculated risky opportunities to make profits?
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $575k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Thank you, I just searched for her online, and I'm genuinely impressed with her qualifications. I've already contacted her because I could use all the help I can get.
Being in my 30s with no debt and no possible future of having my own family right now the past 2 years have made me look at the expense i would be paying to get a house to "Ahh its pointless to buy one" Im quite passive in my future thoughts as we cant see it, But i would be lying if i didnt say it makes me feel pretty sad
Our generation is seriously disadvantaged. We will be working until we drop dead as our pensions will be worthless, at least compared to the cost of living at the time. Our wages will be flat and our benefits will be slowly eroding to maximise higher profits for the companies we work for. People, couples living in the South-East or London this day and age in my opinion would have household income of at least £80000 (£100000 in London) to be able to comfortably start a family. Livings costs would still be catching up with them every year unless there is a dramatic shift in economic trend.
I'm sorry you feel sad. I'm in a similar position, I'm 30 with no debt, I could be considered lucky since I have a comfortable level of income and ability to save. But a few years ago I realised how much struggle it would be to buy a house, and the level of risk afterwards. It's killed any desire I might have had to start a family so I now think of buying a house as pointless. I don't tend to think much about the future either because things can change but right now it seems like the best option is to live pretty minimalistically and single. I'm mostly okay with that, but I'm sad for those who won't be able to live the lives they hoped for.
I'm 39. No debts but no savings either. No house, no chance of starting a family. I'll be renting forever. life's still fun if you stay healthy physically and spiritually. We are gonna die anyway so I would only have a house for a few decades. Can't take it with me.
10:38 "companies produce as much as they can and sell those goods and services to anyone in the ecconomy with the means to buy their product." Not in the absence of competition- 54% of US inflation in the CPI for 2022 was due to increased corporate profits. If you sell food and you sell half the food in the market- guess what, people don't have the option of not buying it at whatever price you set.
It’s dependent on the elasticity of a good. Medical, food or fuel producers sell and produce in elastic goods and therefore don’t benefit in terms of profit from maximizing production and driving down price
I looked through the article and it is interesting. I'm not 100% convinced on the conclusions though. You are looking at a transitional period during which (as noted) all costs have been increasing and we are fast approaching recession/depression. It makes sense that responsible companies that are facing rising prices would be cutting back on spending, increasing prices and attempting to build a cash reserve to weather the storm. I suspect these figures will come down considerably as a recession takes hold... and then we'll probably see all the companies that didn't build a reserve go bust or get bailed out.
The energy price cap segment was obviously not researched. The cap has been part of our energy market since 2019 and it existed to curb the rampant profiteering off vulnerable people. The cap is calculated by an algorithm based on wholesale costs. This year the wholesale costs were spiraling so badly there were fears of substantial civil unrest over winter, including an attempt to get 1 million households to stop paying for energy at all. The government intervened to lower the consumer side of the cap by promising to pay energy suppliers 100% of the shortfall. The price is now fixed at well above twice the amount it was a year ago. Although the price cap is stated as an annual bill, implying no household will pay more than that exact figure, it doesn't function this way. It is a cap on the standing charge (a small fee charged daily to those connected to the grid) and the price per unit of energy. Also, please bear in mind that until about a year ago the price cap was the maximum you would expect to pay, there were always cheaper deals. Now it is the minimum, because there are no cheaper variable rate deals and it doesn't apply to fixed rate deals at all.
I think a video about the Israeli economy could be interesting. I'm biased, but I think it is objectively quite an interesting story and case study of different economic models in the same environment.
Could you explain the issue with record profits and massive oversupply, to the point that companies are building tons of new warehouses to store all the stuff they aren't selling, matched with record inflation. If the profits are up, the supply is up, shouldn't prices be falling according to basic eccon theory?
I'm going through all you videos and think they are brilliant, I've just finished game theory. Thank you for doing another 1 about my nation hopefully we can sort are problems out. Interesting note as you talked about London homes the most expensive uk home is going back up for sale, owned by the owner of evergrande
This article is already out of date. In the 48 hours since Sunak became PM the UK's borrowing costs and credit-risk have dropped below those of France, Canada, Italy, Spain, Belgium and several other countries. It just goes to show how rapidly sentiment can change. On the other hand, a Eurozone crisis could never be resolved by a simple change of personnel.
@00:43 that graph looked super concerning until I realized the index in not 0 based. I highly recommend having graphs with a full picture, otherwise they look misleading, making a drop or rise look catastrophic.
It was quite shocking for me to see such an advanced economy almost on the brink of collapse. As a Canadian it's very worrying. I know Canada is in a better position but still worrying.
A more realistic explanation of cost of living crisis: UK's cost of living crisis in not simply basic supply and demand issue. UK's 2022 cost of living crisis is a result of a few things. First of all - massive quantitative easing in 2020 and 2021. That massive influx of cash was disproportionately flooding into the pockets of the rich. Yes, inflation is high, but is it disproportionately hitting hard at the low income households. In the UK money are controlled by the rich. Thus with high inflation only upper class and super wealthy increased their income. Mid and low income households didn't have an increase and effectively took a "pay cut" (earning same as before, but prices are 10-30% up!). That is why government tried to implement energy bills cap, although rather unsuccessfully. Summary - UK is experiencing high inflation while low and middle income households had "pay freeze" for couple of years. People still need to drive cars, heat homes and put food on the table with 10-30% higher prices and same (if not less) money than before.
You'd be shocked at how many "Libertarians" and "fiscal conservatives," who love ranting about "basic economics" and "econ 101," think tax cuts can NEVER be bad and have no effect on inflation (or even think it helps with inflation, because they don't like taxes or inflation and if they don't like both those things then they must both always be bad or something).
There was no mention of London's significance in the offshore dollar system. Quite the oversight in my opinion. There's a reason that American banks quoted LIBOR for decades until the regulators outlawed it, and ignoring this role in the eurodollar system will inevitably lead to mistakes in analysis.
In light of recent developments, I wonder if EE would like to revisit its assessment of the UK. For one thing, the UK's "GDP per capita" and "economic growth" have been reassessed and are now agreed to have been significantly higher than was thought to be the case at the time of EE's assessment. Indeed, contrary to the gloomy predictions of many (including EE), the UK has grown faster than Germany, France, Italy and Spain since it left the EU in 2019 - albeit not as fast as the USA and Canada. Secondly, and more importantly, the markets are increasingly coming to view the UK as a "stable and sensible country", partly because its main political parties are both moderate and pragmatic, and partly because events elsewhere have made other countries seem less attractive. For example, by 2025 the UK is likely to have replaced the "moderate" Rishi Sunak with the "moderate" Keir Starmer, both of whom take the UK's debt obligations seriously (or at least, seem to do). Meanwhile, France might have elected Marine Le Pen, the USA Donald Trump, and Germany a coalition dependent upon the AfD, to say nothing of Georgia Meloni in Italy and an increasingly right wing presence in Spain. Japan looks fairly stable, but it sits in a dangerous part of the world and has one of the world's worst demographic profiles. Canada, meanwhile, seems determined to consume itself in a culture war. Thus, over the last year, Sterling has risen against both the Dollar and the Euro, and UK investment is now 40% higher than was the case before COVID. I should add, however, that this is less a reflection of the UK's "success", than a reflection of the problems faced by its competitors. Nonetheless, it's difficult to see that the UK would currently be ranked below France, or indeed Germany, on EE's global ranking table.
Not only was the UK dependent on the money of the Russian oligarchs (this is actually a smaller issue) but more importantly Europe economy was depending on cheap Russian energy supply. This is the real issue and potential source of crisis for the EU, this is where the US could benefit from de-industrialization of the EU (moving Europe based production into the US and Canada where energy is cheaper).
Agree, this video is mainly talking about intra-British issues but is clickbaiting about 'the next Eurozone crisis'. Don't misunderstand me, the Eurozone/EU is in big economical trouble but the arguments in this video linking British and EU economy are few and weak.
Oh not another MasterWorks ad. Like, how much do they have to pay you to destroy your credibility by shilling some completely bonkers investment scheme in the most speculative assets for rich people?
is there anyplace I can acutally see that leaderboard? Some of the older videos just reference a different video for placment and those videos does not seem to exist anywhere. Beside would be nice to acutally see the list in its completness
It’s a made up leaderboard, the author assign the values the way he feels about some characteristics of a country economy and in the end calculate the mean value. So you don’t need a link for the leaderboard, you can create one yourself.
A video by the Financial TImes came out recently explaining the effects of Brexit on the UK economy. I think the problems the UK is having are as big as people are making it out to be.
So much inflation is in housing. Since there’s demand for housing we should focus on increasing housing supply which had been held back in the many places by rigid single family home only zoning limiting home construction near jobs and transit to job where new homes are needed most.
@@piotrwojdelko1150 One of the fastest growing fields in the world is Artificial Intelligence, and the company that is arguably at the forefront of that field is Deep Mind, which is a British company. Either way it doesn’t really matter. Britain could literally just stop existing right now, and we still would have contributed more to the world than almost any other country.
@@piotrwojdelko1150 We have the biggest space industry in Europe, we have one of the biggest financial services sectors in the world, we have a large pharmaceutical sector, we make jet engines, JCB, the most advanced racing cars in the world, nuclear powered submarines, large chemicals industry, large wind turbine industry, we are the 9th biggest manufacturer in the world, we export huge amounts of music, art, films, the 10th biggest exporter of manufactured goods, the 2nd biggest exporter of services, the 5th largest GDP. By any measure the UK is an advanced economy.
The UK overestimated it’s relevance to the much bigger EU economy greatly. The EU will eventually harmonize fiscal policy to some degree and issue common bonds generally and not just for special measures. The UK was broke before it joined the EU. It was risky leaving as they are no longer propped up by the EU single market.
The EU economy is not anywhere near collapse so you got that wrong for a start There is no doubt that the war in Ukraine has done a lot of damage, but this is only because the EU and the UK made the decision to defend the idea of freedom and democracy which is a very good position to take,
Yeah, was wondering why he was taking the russian propaganda point-of-view.. So much nonsense here, which really raises the question of what insane media the the author the author consumes.
LOL. You see freedom and democracy in a government that bans his opposition (some jailed), censors its media and beat, jail, at worst kill, anyone they labelled as saboteur and does not support the government? You've got to be joking here.
Can anyone explain why energy companies are having record profits. I've heard it suggested because the price of natural gas is so high energy the value of any extraction facilities they own has has skyrocketed. And that increase in value is counted as profits. I've also heard counter claims that the companies have had higher profit margins, through raising prices above the rise in costs, justified through all the talk about high gas prices. It would be interesting to know which is more true.
The suggested measures of raising taxes and cutting expenses is not easily achievable. Cutting government expenses in UK is virtually impossible. The austerity measures post 2008 were basically never lifted. As a result the healthcare system is on a verge of collapse, police, schools etc have just enough to survive, there is welfare but out unemployment rate is so low t is safe to say it is not people chilling at home that pump the welfare expenses. The new budget was announced - we have 50 billion defece, 180 billion healthcare and 100 billion interest on the massive debt we've accumulated post 2008. Reduce the debt via tax increase should be a key priority, but cutting spendings is just not possible without massive consequences. As to increasing unemployment....in this political climate and tight welfare budget...ouch...sounds like a ticking bomb of civil unrest.
0:59 Just to be nitpicky, but the "lack of growth" of the EU gdp has afaik more to do with the exchange rate between the euro and the dollar than the actual GDP itself. You can easily see this if you use PPP or Euro denomination for this.
The UK decided to exit the EU. The UK doesn't produce any goods or services the EU can't duplicate. The UK has to import tons of food every month. They have no choice. The UK is now a small player in a huge world. The problem the UK has it's still suffering delusions of grandeur.
I have no issue paying taxes. I have no issue paying a little more for taxes. I do take issue with paying significantly more in taxes than someone who’s income is 10-100 times more than my own. All governments across the world are held to ransom by the nomadic wealthy elite and they seem to be in a race to the bottom to convince them to drop anchor in their own nation. The economic impact those elite would have in doing so would simply be offset by the outrageous tax cuts they are offered. The current taxation system is not geared towards a global economy and allows so much tax revenue to remain airborne and off the record.
I think part of the problem is everyone I know still has thousands in the bank from lockdown savings on food, childcare, nights out, fuel etc etc and they are not worried about spending it in the slightest.
Wait, im not an economist but did I miss something? Devaluation is (afaik) not necessarily part of offer/demand and yet countries like mine (Argentina) constantly see inflation based on this (and so much that it basically requires you to speculate so you dont loose to much which furthers screws things up). So again, while we have issues with offer (regulations, taxes,devaluation) and demand (devaluation, interest rates) we also see devaluation affecting prices by itself, caused by money printing, diminishing reserves, lack of trust, bad regulations and taxes causing evasion, etc). Correct me if im wrong
Subjectively, since I am young, this is the worst I've seen the geoeconomic and geopolitical circumstance of the United Kingdom be. Objectively, the United Kingdom has been consistent in the precedent of having economical, political, and sociological high-highs and low-lows -- suggesting that the nation will do fine eenough in the future as long as trust rebounds & doesn't continue to erode.
You can pick any 2 of taxes, government spending, and deficit, and you get the other, Laffer curve aside. Keeping deficit constant, you can't vary them independently, they either both go up, or both down. There's the argument that of people have more money, their products' price goes up, because they are buyers and they move money faster. But if you see taxes on products as just an additional cost, then lowering those taxes is a factor for lowering prices, just like inventing some technology like amore efficient fuel would also lower prices. It is easier to see decreasing taxes having a harmful effect if the taxes to lower were instead income taxes, but then you'd also have to do some math, because, however painful it may be to imagine this, if income tax reduction benefited high earners in higher volume, then saving would increase, which could decrease inflation if the effect of corresponding increase in M2 supply is inferior than that of increased saving and thus reduced money velocity. In the long run, though, there should be no doubt that decreased taxes AND spending is the way to go, both for inflation and general prosperity, but why this is still a contentious idea in 2022, and why so much is made of it when the much stupider idea of fixing energy prices was also proposed, would take a history book (Hayek's Road To Serfdom would be a good one).
Don't take the Masterworks deal! It is at best a bubble and at worst a scam! And that worst case is not even that unlikely, I would say it is very likely. DOn't get scammed and don't lose your money guys!
@@RobinKerkhof probably not, as other countries particularly in Asia will grow massively in GDP, their GDP per capita and stability will remain low while their growth score will likely drop massively, UK will probably stay around where it is
It looks like a legit business. They are probably driving an art bubble. Once everyone that wants art shares have invested, or current holders decide they need money for other things, values will drop and they won’t be able to claim such high returns. Meanwhile it makes sense for them to make the most of it
The whole idea that art is a safe investment in the upcoming (or present?) recession is absurd and since I believe the people behind Masterworks know this (they are not stupid), it is very likely a scam.
There is nothing peak neoliberal capitalism than investing in money to make money or in static art to make money while the infrastructure and normal economy crumbles
@@NenYim I didn't say otherwise.... It's never money from nowhere... It's still in place until April, because it's to prevent people freezing to death in winter, a social cost - imo t'd be better to subsidize the first X kWh of energy with some direct cash so it only subsidizes low usage levels, whilst raising taxes a little bit to spread the recouping of it
The Chinese billionaire are currently trying to escape china and chairmen winny the Pooh doesn’t want that. So everyone’s being a little hush hush about it.
13:35 This is wrong, actually. UK renewables account for 38% of total energy generation, which isn't a small amount, compared to fossil fuels at 42% The problem is for some inexpicable reason, the "per unit cost" of energy in the UK is pegged on the cost of natural gas. The result of this is previously built green energy like wind and solar (even nuclear) can raise their prices in line with rising gas costs, despite them having ZERO impact on the cost to produce their energy. This is essentially war profiteering by renewable energy companies and has led to an unreasonably high domestic energy cost in the UK. People have proposed capping the price of renewable energy, but there has been hard pushback due to fears this would lead to a reduction in green energy investment. Whether or not that would be the case, the fact that all this green energy HAS NOT saved the UK taxpayer from "paying higher costs relating to fossil fuels" as was promised 10-20 years ago, this goes to show the system is broken fundamentally. Even if the UK was 100% renewable, we would still be paying ridiculous prices. So yeah, usually EE you're on the ball, but you clearly didn't do your research here. The "oh we need more green energy" argument doesn't fly.
You realize that under normal circumstances, renewable energy is more expensive than fossil? It was never about lowering prices, and everyone who said it'd lower prices was lying from the beginning. It's always been green energy for the sake of green energy. Which is a pretty good reason in and of itself.
Isn't green energy more expensive because due to the cost of gas being high demand for renewable rise until it matches gas generated electricity? ie the problem is electricity is generated from different sources are interchangeable and this price per kWh will be in line?
Isn't that because gas is the only option to cover peak-power demand? It's certainly odd that residential electric bills would be based on peak marginal costs and not the combined cost of all energy sources, but that doesn't disprove the point that renewable power can't meet peak demand any time soon and marginal fuel costs HAVE risen by an order of magnitude or more this year alone.
@@OzMat It varies from year to year. 2020 it was 43% renewable. Statistics can be recategorized and plucked from anywhere. It depends what you include, for example your 60% fossil fuel percentage accounts for lifetime assembly of green energy, not just raw production percentage in a year, which is what my number was. Either way, it doesn't matter. The fact is EE was categorically wrong for trying to imp[ly more green energy would save on costs and that there would be an "artificially low" cost imposed.
The problem in the UK at the moment is that; as you said they need to increase taxes and decrease service spending. However, after decades of cutting back, critical services are on the brink of collapse. There is only one option for cuts now which would be to scrap certain services all together. Which would be instant political suicide for any form of governing body.
It depends what services you're talking about. The NHS budget for instance has risen every year for the past 25 years and total government expenditure has steadily risen over the past 20 years or so, from £517 billion in 2005 to about £1 trillion today. Makes one wonder where it all goes.
@@nat1bott wonder how much of this is due to the devaluation of the pound. If you adjust for value against the dollar, you get a 19% raise across 17 years which is below population and inflation growth.
British politics is moving so fast that the video was produced before Truss getting the boot, but also if you update to include that, a week from now it'd also have to be updated again to include whoever comes next, and what the policies will be like. xD I always kinda knew when Brexit got voted in that UK would go through a phase of high instability... and that was only considering how the country would have to renegotiate everything with and against the EU right afterwards. I wasn't considering a change in monarchy, a revolving door on number 10, the pandemic, the energy crisis, the disruption in global supplies, the war in Ukraine and other factors. Some of those effects don't matter all that much because it affects the entire world, so everyone is equally going down which brings to parity all other nations anyways, some are even kinda beneficial to the UK due to an expectation of general stability, but some are definitely not great... :P
Right. I supported Brexit and was willing to pay short term for better access to world markets long term. Only to find a pandemic, followed by a war in Ukraine, followed by a change in leadership, followed by China shutting down it's factories, a US president that despises the UK. No one thought brexit would be easy, but no one thought that the next 6 years would have several world changing events. There is no easy way out of this. A recession would be catastrophic for millions of people, while continuing inflation is also terrible. I think it all comes back to 360bn spent trying to contain a flu.
If you take into account an understanding of the role of 55 Tufton Street in both Brexit and the contents of this government it isn't hard to predict the trajectory of the UK economy. The lunatics are literally running the country and we have proved their free market libertarian economics are an utter failure (just as anyone with any sense knew they would be).
@@bengoacher4455 - in the long run, the recession will be a mere blip. I have lived through several recessions, and they rarely last more than three quarters, unless the govt. screws up and makes it worse. Which is a strong possibility, given the clowns currently in charge. I think we'll get through it, Ben. Like your point about all that £££ blown containing a flu.
@@bengoacher4455 ignoring the world events that were outside of the UKs control, it seems like all the UKs problems are down to bad governance, Brexit guaranteed to be a failure but it needed good politicians. Considering many many of the reasons people were unhappy and voted for Brexit were as much the problems of bad politics as it was the EU, I'd argue that the UK has been suffering from bad leadership for decades and the consequences of that are all coming to a head. The recent global situations have just hurried things along.
Agree with all you said except on the energy point. The energy prices had to be capped or people across the UK would have gone homeless due to the insane prices. It wasn't small rises, it was paying thousands per month without the cap. But the rest I completely agree with.
@@danirfan5452 or just go with the cheaper option and nationalise energy production and distribution. How such a strategic industry, with various characteristics that make it a natural monopoly, is allowed to be operated by private firms is beyond comprehension.
I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for.......😪😪
@Vido jimenez And hundreds of thousands more have gone BANKRUPT through bitcoin. (Anecdotally, I know of at least 4 people who have gone bankrupt through bitcoin - and no-one who has achieved financial independence even after 5 years)
Liss Truss didn't try to deliver tax cuts because she thought it would be popular (it wasn't from the get go) she did it because she believes in them ideologically.
@@djp3637 true, but the people who voted her in did so because she stated that she would do it, and even co-authored a book about it. She genuinely believed that, even though it would be unpopular with the voters at first, it would make the econony grow so much it would save her.
EE, first you shill for investing in art, next it wouldn't be out of the question for you to start shilling for Wata-graded video games and sealed VHS tapes. I do not trust Masterworks, and I do not think investing into art is a rational decision. Your endorsement for Masterworks hurts the trust I had in your channel and my understanding of how you regard and respect your audience.
Interesting video, but the problem with economic analysis like this is it doesnt take into account the financial situation on the ground, for everyday people. While the economy may still look strongish, more and more people can barely afford to eat now, so does that really count as being a rich country anymore?
@Griffith The White Falcon🔧 No we aren't. The fact that you say 'ya'll' is a pretty good indicator that you have no idea what you're talking about here
On UK Tax cuts (01:12) Dr. John Cochrane of the Hoover Institution has claimed that that tax cuts were the only method for the UK to avoid the continued slow decline of it's economy. Not saying I agree, but it's not as clear cut as "any high school level economics student would have been able to tell you" (ref: GoodFellows, Hoover Institution, 18/10/2022).
I think the general population would be more on board with the black market energy idea than you think. I'd love seeing kids in school peddling black market energy tactics undermining cooperations 😂
Wasn’t the energy price cap freeze meant to be the government basically saying “you pay this (2500) and we’ll pay for the rest like what everyone else is doing”?
No. There is no 'cap'. The cap is a cap on the price per kwh and you still pay for what you use, just at below market rate. If you use twice as much as your neighbor you pay twice as much as your neighbor.
Yeah, it’s guaranteed profits for the energy companies. One important thing to note is that it’s not a cap of £2500 / year, it’s a cap on the unit price (kWh) of electricity and gas. I’ve heard too many tales of people thinking they can blast their heating because the price is capped, not realising that they can absolutely can pay more than £2500.
Nope. They are not paying the rest we are. It is a loan to tax payers that will have to be repaid. It is also a way to keep funnelling money from the public sector into the private. The energy companies are raking in cash due to the high cost of global energy.
It's sort of funny or maybe ironic is more apropos when you think about it? Because ostensibly were trying to figure out whose economy, whose central bank, whose fiscal policy is more at risk? I mean it's like that old game RISK but instead of a race to the top this is a race to the bottom? China everyone knows they're way over leveraged with massive losses pending in their real estate market. With a knock on affect that could literally crash their Housing, Finance and Banking Sectors. Except China could possibly have a back door out of this situation. There is a possibility that this situation is accelerating China's coupling to Russia and more importantly to their BRICS Currency. I've been trying to figure out why would the US be trying to goad Russia and China into a potentially Nuclear War? I mean Ukraine and Taiwan that's like Russia getting pissed about Cuba? The tensions in Ukraine least we forget have been formented by Ukraine and NATO. This isn't a legitimate government this is the very definition of a puppet government. And the Ukraine is the very definition of a failed State just like Chechnya, Lithuania and alot of Balkan States. So why does the Ukraine a puppet government from a failed State somehow represent the future of Democracy? Very simply it doesn't they are a land based Air Craft Carrier to launch attacks against Russia. All this defend freedom talk in Taiwan and Ukraine both countries where vast sectors of the population want peace with Russia. Is all about defending the FIAT System and the US Dollar.
Please make a video about Japanese Yen 円安. The value of Japanese Yen dropped by over 40% this year, and we are experiencing inflation that’s unfelt in this country for over 30 yrs. Yet our central bank and parliament are still arguing over whether to keep the quantitative easing policy set up by the past pm Abe. Now Taiwan and South Korea has surpassed us in terms of gdp per capita, Japan might become the first developed economy to fall back to a developing one in 21st century😂 btw I think Kishida might have lower support rate than Liz Truss
As a Japanophile, I’ve been having a fun last few weeks ordering items from your country ;-) Not sure if it’s helping your economy any, but the exchange rate makes a lot of stuff I want very appealing :-D
@@Snoop_Dugg had great public transport and manufacturing to be precise. Just search any video on the evolution of railroad of Hokkaido on RU-vid. Most public transportation agencies in Japan have been running on deficit for decades now
and i presume you think that the ethnic russian civilians living in the donbass deserved to be shelled regularly since 2014 by the ukrainian army. you should stick to economic analysis and leave out bloviating about geopolitics.
The timing of this video was immaculate, Lizz truss has just left and now no one has any idea what's happening. Talk about stability and confidence, theres going to be 3 prime ministers in about 5 months, most likely all with wildly different economic plans. As someone in England, it's so much messier than I've ever remembered. Usually, you only had to check any political news once a week and maybe something interesting would have happened, now, there's always news and speculation on who's actually in charge at any one moment and who will be in the future. I really think that as a country who historically has used it's stability as a strength, with many financial institutions over a hundred years old, if not older, this is not a good luck. We all just want someone boring now, to get back to not having to care about politics because nothing happened.
