We can be even more precise and say that cash is becoming predictably correlated to small-scale tax dodge jobs. (View Post)

Because their population grew more rapidly. Looking at unemployment rates, Spain's was 15% in 2000 and remains closer to 15% than 10% today. The UK's unemployment rate is south of 5%; Spain… (View Post)

All the above countries have massive house price-to-income ratios in the rich cities. (Before anyone starts a false inference, so do Stockholm and Amsterdam.) Another important thing to note is that … (View Post)

It was literally the argument - "why companies choose to base themselves in London." (View Post)

They also end up with more housing, and more housing assets, so I never know quite what to make of this reasoning. It's like saying: buying more iPhones out of disposable income than your neighb… (View Post)