A country which runs a continuous trade deficit is not under consuming. Falling household debt (does that include student debt BTW ?) has been matched by increased government debt and household debt … (View Post)

Still in denial about the trade deficit I see. Yes, we can all borrow more money but much on the spending will be on imported tat and foreign holidays. Likewise businesses can borrow and spend more b… (View Post)

I'm curious as to how the balance of household debt has changed. I get the impression that there are many people with high levels of household debt and many with zero. Certainly student debt is … (View Post)

Some things tend to go in long term trends, others in shorter term cycles. Public sector workers did have a hard time during the coalition government but before that they were protected, sometimes be… (View Post)

So how do you differentiate between the effects of Covid, Ukraine, Brexit or a myriad of other factors ? And how, if you can do so, has Brexit been a 'total turd' ? Now one thing we can do … (View Post)