Economy
-
Market Talk – July 15, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 2.72 points or 0.09% to 2,974.01 Hang Seng decreased 277.44 points or -1.52% to 18,015.94 ASX 200 increased 58.30 points or 0.73% to 8,017.60 KOSPI increased 3.92 points or 0.14% to 2,860.92 SENSEX increased 145.52 points or 0.18% to 80,664.86 Nifty50 increased 84.55…
Read More » -
Market Talk – July 8, 2024
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 131.67 points or -0.32% to 40,780.70 Shanghai decreased 27.48 points or -0.93% to 2,922.45 Hang Seng decreased 275.55 points or -1.55% to 17,524.06 ASX 200 decreased 59.10 points or -0.76% to 7,763.20 KOSPI decreased 4.47 points or -0.16% to 2,857.76 SENSEX decreased 36.22 points or…
Read More » -
Why UK taxes should be higher
Discussion of taxation in the UK is bedevilled by two problems: one familiar and one less obvious. The familiar one is to imagine the level of taxation is separate from the level of public services and welfare. Most voters and much of the media understand the two are connected, which is why the Tory attack on Labour’s ‘tax bombshell’…
Read More » -
US Taxpayers Hit With Record Penalties In FY23
The government has become desperate for funding, seeking out money from their own citizens through taxation. Not only have they raised taxes for every bracket, but the IRS managed to squeeze more money out of Americans through audits for fiscal year 2023 than any year on record. In fact, the IRS shook down Americans for an additional $7 billion in…
Read More » -
The macroeconomic cost of Conservative government
During this election period there has been plenty of analysis that looks at how the economy has performed since 2010 (the IFS here for example). All show the UK performing very badly indeed. But how much is that down to macroeconomic policy mistakes, and how much is due to factors outside the government’s control? I will attempt to answer that…
Read More » -
Why Is Keynesian Economics Collapsing?
John Maynard Keynes in his 1936 book, ‘The General Theory of Employment, Interest and Money,” argued aggregate demand was too volatile to be stable and would lead to inflation or recessions. His theory honed in on spending as a means of price control. Low aggregate demand, Keynes argues, would lead to high unemployment and stagflation. Government could intervene through fiscal…
Read More » -
Inside a Macroeconomic Policy Blunder
Already bored with the election? Here is a bit of economic history instead. To many readers of this blog, 1979-83 will seem like ancient history. To some of us, it was part of our formative history as adults. I joined the Treasury as an economist in 1974, straight after finishing my undergraduate degree. At the time a career in…
Read More » -
PLEASE UPDATE THE RSS FEED
The RSS feed URL you’re currently using https://follow.it/mainlymacro will stop working shortly. Please add /rss at the and of the URL, so that the URL will be https://follow.it/mainlymacro/rss Source link
Read More » -
The Anatomy and Reasons for UK relative Economic and Political decline over the last decade and a half
Nothing works anymore, the country is in a mess, worker’s living standards have remained stagnant, public services are at breaking point. Such statements are now commonplace, and are increasingly brought together in articles like this one by Sam Knight in the New Yorker. But is all this the result of 14 years of bad government, or can the blame…
Read More » -
Market Talk – April 8, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 354.96 points or 0.91% to 39,347.04 Shanghai decreased 22.24 points or -0.72% to 3,047.05 Hang Seng increased 8.93 points or 0.05% to 16,732.85 ASX 200 increased 15.80 points or 0.20% to 7,789.10 Kospi increased 3.44 points or 0.13% to 2,717.65 SENSEX increased 494.28 points or…
Read More »