Economy
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When did relative UK decline begin? Productivity and the Global Financial Crisis
When did things start going wrong in the UK? Many would give the Global Financial Crisis (GFC) as the answer. Now that may be a good answer for some reasons (see below), but I want to suggest one reason that is perhaps not so good as it first appears. That reason is labour productivity, growth and living standards. Why does…
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Comment From Visitor Of Washington, DC
COMMENT FROM DC VISITOR: D.C. was clean and safe. There were some National Guard troops walking around, but most of them were just kids fooling around and taking pictures in front of monuments like the rest of the tourists. The city was skewed heavily to the left. I saw a few anti-Israel and anti-Trump protestors who seemed a little unhinged.…
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UK Growth, Productivity and Investment.
. Jagjit Chadha (ex head of NIESR and now a Professor at Cambridge) and Issam Samiri have an article in the Journal of Economic Surveys that focuses on the UK’s recent productivity problem. The chart above is taken from that article. Economic growth (or not), and therefore how fast living standards rise (or don’t) is all about productivity growth…
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The Rare Earth Crisis | Armstrong Economics
QUESTION: If Trump imposes sanctions on China for buying Russian energy, what do you expect China to do? Rob ANSWER: The deeper you look, the more it becomes abundantly clear. America’s defence supply chain is built on materials it doesn’t control. Missiles, fighter jets, radar systems, drones — all depend on a steady stream of materials like gallium, germanium, and…
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Bongino Shocked By The Deep State
QUESTION: Dear Marty, what could FBI Deputy Director Dan Bongino mean with this words: „(…) what I have learned in the course of our properly predicated and necessary investigations into these aforementioned matters, has shocked me down to my core. We cannot run a Republic like this. I’ll never be the same after learning what I’ve learned. (…)“ Care to comment…
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Market Talk – July 21, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 closed • Shanghai increased 25.31 points or 0.72% to 3,559.79 • Hang Seng increased 168.48 points or 0.68% to 24,994.14 • ASX 200 decreased 89.00 points or -1.02% to 8,668.20 • SENSEX increased 442.61 points or 0.54% to 82,200.34 • Nifty50 increased 122.30 points or 0.49%…
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PRIVATE BLOG – War Is Coming NATO Wants To Send 250,000 Troops Into Ukraine
Blog War PRIVATE BLOG – War is Coming NATO Wants to Send 250,000 Troops into Ukraine Posted Jul 14, 2025 by Martin Armstrong | Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. Source link
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Are the Chart LLM Incapable of Correlation?
COMMENT: Marty, I was in Paris and visited the gold aureus of Saturninus. AI got this one wrong as well. When I asked if Saturninus existed, this was the response. As you have said, the academics refused to acknowledge the history because they had never heard of it from any other source, and declared that Historia Augusta was fake. If…
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A minimum tax on billionaires
Most people would agree that taxes, taken as a whole, should be progressive. When you add up all the taxes that an individual pays, the percentage that tax is of their income should be positively related to how their income is relative to others. The poor should pay a lower percentage of their income in tax than the rich.…
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Is the decline of democracy inevitable?
From 2025 V-DEM report In global terms autocracies are on the rise, and democracies are declining. According to the V-Dem Institute, for the first time in more than 20 years, the world has fewer democracies than autocracies. Other estimates point to the same trend. At a global level there are obviously many reasons why this is happening, but…
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