Bob Lyddon

Introduction In previous newsletters we looked at the Brexit Re-set, US tariffs, and unconvincing responses to high government debt. Now we examine the response to all of this in the…

Introduction The scale and servicing cost of government debt are both rising. This will increase the amount of money that governments will have to suck out of economies over the…

Introduction The recent major fall in global stock markets was too large to be solely attributable to Trump’s tariffs. It is an adjustment and possibly the introduction to a period…

Introduction Germany, by releasing its Debt Brake and borrowing more itself, will use up the capacity the markets rely on to bail out the euro. Markets complacently believe the €1.5…

Introduction Keir Starmer’s desire for a re-set of the UK’s relationship with the EU has ceased to be a two-dimensional, bilateral discussion with EU negotiators. It has become a four-dimensional…

Introduction The European Central Bank (ECB) issued its 2024 annual report on 20th February and revealed that it now has negative capital.1 What with the German elections delivering a stalemate,…

Introduction Keir Starmer, the UK’s Prime Minister, wants a ‘re-set’ in the UK’s relations with the EU. About what? Starmer has said that he cannot envisage the UK rejoining either…

Introduction The measures taken by the UK’s Labour Party since taking office in July 2024 will appear bizarre to most economists. They are based on a cluster of theories that…

Introduction The stimulus package for the Chinese economy, presaged by the People’s Bank of China in late September, has disappointed in its size and detail, but it has achieved something…

Introduction In September, the Chinese authorities announced a package of measures to stop the fall in real estate prices, encourage investment in assets other than real estate, and bolster share…