rose98734 in #economy • 5 days agoBritain's minimum wage is now too highThe minimum wage in the UK is now £12.21 per hour. Rachel Reeves has hinted that it will rise to £12.70 per hour after the budget. That works out to £23,114 per annum for a 35…rose98734 in #economy • 10 days agoCanada finishes doing Quantitative TighteningThe Bank of Canada has shrunk it's assets from 26% of GDP in 2020 to 8% of GDP now. Here is the chart: [source](rose98734 in #europe • 11 days agoThis chart shows why Britain voted to BrexitIt plots economic growth from 2007 to 2015 against real annual wages (i.e. wages after adjusting for inflation): source Click to enlarge the image. There is Brrose98734 in #economy • 13 days agoThe % of people with an immigration background in German industryHere is the table in German: source Here is a translation: Schweiss Verbindungstechnik = Welding connection technology : 60%rose98734 in #economy • 16 days agoDoes France believe that the rest of the Eurozone will bail them out via an ECB intervention or by issuing Eurobonds?France has had three Prime Ministers this year. Michel Barnier lost a vote of no confidence just four months into his premiership after proposing spending cuts. Francois Bayrou…rose98734 in #economy • 18 days agoNvidia now represents 8.2% of the S&P 500 indexHere's the chart: source Nvidia's share of the S&P 500 index is now bigger than the entire energy sector (3%), the entire utilitrose98734 in #economy • last monthThe number of unemployed in Germany approaches 3 million - the highest since 2014Normally unemployment doesn't rise much in Germany as there is a state-run furlough scheme that allows businesses to put their staff on a three-day working week till the economy…rose98734 in #economy • last monthBoomers have a total stranglehold over the French economyBoomers were born between 1945 and 1964, so they are currently aged between 70 and 90. Lots of countries moan about Boomers, but France really does have a case that Boomers are…rose98734 in #economy • last monthArgentina has spent $1.1 billion in just three days to prop up the pesoThis involved the Argentinian Central Bank dipping into it's scant dollar reserves in order to sell the dollar and buy pesos, after the peso crashed 10% following Milei's severe…rose98734 in #economy • 2 months agoThe chart that shows why the Federal Reserve cut interest ratesSo the Federal Reserve cut interest rates by 25 basis points, taking the Fed funds rate from 4.25% to 4%. In the lead up to the decision (which was well trailed) inflation…rose98734 in #economy • 2 months agoFrench credit ratings in the spotlightThe French government fell yesterday when the French Assembly passed a motion of no confidence in Prime Minister Bayrou, killing his budget. The previous Prime Minister Michel…rose98734 in #economy • 2 months agoForeign Central Banks Now Hold More Gold Than US TreasuriesHere's the chart: source The chart says "first time since 1996", but the gold on the central banks balance sheets back then was legarose98734 in #economy • 2 months agoFrench bond yields converge with Italy's across the board - is a new eurozone crisis brewing?French political turmoil has reared it's head again; it looks like Prime Minister François Bayrou won't be able to pass a budget through the French Assembly. There will be a…rose98734 in #economy • 3 months agoThe resignation of Governor Kugler allows Trump to appoint Jay Powell's replacement to the Federal Reserve's board nowGovernor Adriana Kugler did not attend or vote in the FOMC meeting last week (where they voted 9 - 2 to hold interest rates in her absence). The official reason given was that…rose98734 in #economy • 3 months agoTrade war: Canada's situation is different from the EU'sWhen the EU followed Japan and signed up to 15% tariffs, many commentators predicted that Canada would "cave" to Trump too. But Canada's situation is different to that of the…rose98734 in #economy • 4 months agoA summary of the terms of the trade deals Trump has negotiated so farPresident Trump has just announced a trade deal with Japan and the Philippines. What can we learn from these deals, and the deals already announced with the UK, China, Vietnam…rose98734 in #economy • 4 months agoWill Trump fire Fed Chairman Jerome Powell?Attacks on Fed Chairman Jerome Powell are happening almost daily as the Trump administration tries to force him to step down early. At the start of July, Trump posted the…rose98734 in #economy • 4 months agoCopper futures in New York are now 25% higher than in LondonHere is the chart comparing the futures price of copper on New York's COMEX exchange to the price on London's LME exchange: source Until Trump's inauguration inrose98734 in #economy • 5 months agoTrump's tariffs hurt US auto salesUS retail sales for May came in lower than expected, down 0.9% from April, and the culprit was auto sales. Here's the breakdown by sector: source Recall tharose98734 in #economy • 5 months agoCanada prepares a surrender to the US in a new trade dealOn the 11th June, The Economist magazine published an exclusive on the new trade deal Canadian Prime Minister Mark Carney was negotiating with President Trump. 24 hours later…
