Archive | economics

Housing Market of the 1970s

In the 1970s, the housing market was as volatile as the rest of the economy. The 1970s saw a continued rise in home-ownership rates. In the early 1970s, there was a real boom in house prices. Then, from 1973, with the period of high inflation, there was a sharp fall in real prices before recovering […]

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The Continuing Credit Crunch

Is it safe to get back in the water yet? Is Jaws still out there looking for the unwary still swimming in the murky financial waters that led to the credit crunch! In 2008 Graham Turner and his company provided forecasts to some of the worlds leading banks. In The Credit Crunch: Housing Bubbles, Globalisation […]

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Economic Good News

‘Comparisons are as bad as cliches’ or so says the quote at the foot of my daily calendar on this last day of month one 2012. Not withstanding that I am in continued pursuit of good news for the economy and our personal finances. Good News In the Month The total amount of personal debt […]

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Predictions for Pound Sterling in 2012

The UK has experienced its longest post war recession, and the deepest since the Great Depression. In 2011, the recovery was disappointing, and prospects for the rest of 2012 are poor. However, the UK recovery is likely to be relatively better than the Eurozone, which retains even more serious problems. Therefore, despite the fact UK […]

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Interest rates and Exchange rates

Interest rates influence the exchange rate. In the short-term changes in the interest rates are one of the most important factors influencing the exchange rate. Generally, an increase in interest rates in the UK would increase the value of Sterling. Why Higher Interest Rates Increase Value of Exchange Rate If UK increase interest rates relative […]

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Do Not Run The UK Economy Down

Times are tough, very tough in some areas! However they could be a darn sight worse! Economic Pluses The UK can pay it’s way and borrow at cheaper interest rates than many other countries. Pensions and public sector wages are paid in full and on time unlike Greece and Ireland. Recent Irish savings of 1.76bn […]

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Impact of Debt Crisis on UK

The Euro debt crisis threatens to cause serious economic problems for the UK, EU and global economy. There are a number of reasons to be concerned about the impact the current debt crisis will have on UK housing market and economy. This is a simple guide to how the EU debt crisis came about. Problems […]

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Scary Debt Clock

Be scared be very scared the US national debt is ticking up! Be scared if you have to pay taxes! National debt per tax payer $130,520 Be scared if you have your own debt! Personal debt per citizen $51,452 Be scared if you don’t understand economics and be very scared of anyone who claims to […]

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Forecast for UK Bond Yields

Bond yields on UK government securities have continued to fall in 2011 – despite having one of the largest budget deficits in the UK. This is in sharp contrast to peripheral members in the Eurozone. Greece, Ireland, Spain, Portugal and Italy have all seen a rapid rise in government bond yields as markets become worried […]

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Dilemma of Bank of England

The Bank of England face a dilemma in 2011 over interest rates. They are pulled in two different directs, with the ‘double negative whammy‘ of high inflation and low growth/ high unemployment. It is an unenviable situation – made worse by the additional difficulty of having to tighten fiscal policy (tax rises, spending cuts) to […]

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