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Most recent posts

  • New site and new optimism?

    posted to Economics Essays on Tue 17th Sep 13

    In the past few weeks, I've been working on a new version of the website and new shop facilities. These technical changes usually end up taking three times longer than you want. But, hopefully, I've now finished - leaving more time to write economics and less

  • Deflation vs Inflation

    posted to Economics Essays on Fri 19th Jul 13

    Source: US Bureau of Labor statistics (showing deflation in early 1920s and 1930s)In the MPC's last monthly inflation report they forecast that inflation could fall to 1%. They even hinted at the possibility of deflation. What is deflation and why does it strike

  • UK economy - time to hope of recovery?

    posted to Economics Essays on Thu 11th Jul 13

    There is a welcome sign of optimism in the UK. We've waited 77 years, but last Sunday we finally had a nice hot sunny day at Wimbledon. Politicians were also in the seventh heaven of delight falling over themselves to get a mug shot of themselves with Andy

Most popular posts

  • Deflation vs Inflation

    posted to Economics Essays on Fri 19th Jul 13

    Source: US Bureau of Labor statistics (showing deflation in early 1920s and 1930s)In the MPC's last monthly inflation report they forecast that inflation could fall to 1%. They even hinted at the possibility of deflation. What is deflation and why does it strike

  • Unemployment in the UK

    posted to Economics Essays on Tue 30th Apr 13

     UK Unemployment since 1979. Brief History of Unemployment in UKSource: Dept for Work and TransportAfter the ravages of the Great Depression era where unemployment was over 25%, unemployment in the UK remained relatively low from 1945 until the late 1970s.

  • Definition of Recession

    posted to Economics Essays on Thu 28th Feb 13

    In the UK, the standard text book definition of a recession is:"Negative economic growth for two consecutive quarters". This means there must be a fall in real output for a period of 6 months.A recession means there is a fall in real national output and real

Latest posts linking here

  • What happens if the US defaults on debt payments?

    posted to Economics Blog on Thu 3rd Oct 13

    A debt default means the US is unable to pay back US bond holders the full value of their bonds. If investors lost money from US Treasuries, it would cause widespread financial panic, leading to a fall in bank lending, rising bond yields, a fall in the value

  • EU success or crisis?

    posted to Economics Blog on Wed 18th Sep 13

    The German Finance Minister Wolgang Schauble has been a strong advocate of austerity, supply side reforms and ‘sound money’ policies. (i.e. sticking rigidly to inflation targets). Generally, this has been the preferred approach of Europe to the

  • UK National Debt

    posted to Economics Blog on Wed 4th Sep 13

    The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts.Public sector net debt was 1,193.4 billion at the end of July 2013, equivalent to 74.5% of GDPSource: ONS [1. ONS public sector