Beans
Full Member
Seems a little extreme for a .5% increase, these things might happen anyway if the cost of power keeps going up. But I have no idea what kind of economic pain it would take for that scenario to occur.
Seems a little extreme for a .5% increase, these things might happen anyway if the cost of power keeps going up. But I have no idea what kind of economic pain it would take for that scenario to occur.
I saw him go on a thirty tweet rant about the end of days over fuel prices this winter. So I’d take his opinions with a similar sized pinch of salt to my own about United’s prospects this season.
I saw him go on a thirty tweet rant about the end of days over fuel prices this winter. So I’d take his opinions with a similar sized pinch of salt to my own about United’s prospects this season.
Thanks both. Appreciate the perspective.Seems a little extreme for a .5% increase, these things might happen anyway if the cost of power keeps going up. But I have no idea what kind of economic pain it would take for that scenario to occur.
If you can still get 2.25% it might be the best you can for a long time coming. Everyone was waiting for this low interest period to end and now world events have come thick and fast.Bad time to borrow with interest rates rising today to 2.25%
Any thoughts economibros?
Still lower than inflation rates. If you need to invest do it now while that borrowed money still gives you value.Bad time to borrow with interest rates rising today to 2.25%
Any thoughts economibros?
Interest rates are still very low by historic standards, even after the rise. Make of that what you will.Bad time to borrow with interest rates rising today to 2.25%
Any thoughts economibros?
Erdogan doesn't believe in economics. That's why it's at 83% in the first place.Can someone explain this?
https://www.cnbc.com/2022/10/20/tur...is-points-despite-inflation-at-83percent.html
It explains why national banks have to be independent from politicians, cause politicians (a) don't know economics to the extent required (not that all economists agree, but they're not as far off of each other as Erdogan is of common sense), and (b) will do random shit that might be politically expedient in the short term.Can someone explain this?
https://www.cnbc.com/2022/10/20/tur...is-points-despite-inflation-at-83percent.html
Why more votes though? Wouldn't Turkish citizens prefer a government that tackles inflation?It explains why national banks have to be independent from politicians, cause politicians (a) don't know economics to the extent required (not that all economists agree, but they're not as far off of each other as Erdogan is of common sense), and (b) will do random shit that might be politically expedient in the short term.
I.e., it's Erdogan fecking things up because he thinks he knows better and will get more votes through his approach.
You'd think so, and I'd think so, but there is a section in your article that talks about how this might be an electoral strategy. Maybe Erdogan is thinking people will care more about a low interest rate (with its effects on mortgages etc.) than inflation? I mean, I'd highly doubt it, but he thinks his policy is sound in the first place, so who knows what else he believes...Why more votes though? Wouldn't Turkish citizens prefer a government that tackles inflation?
Erdogan believes that interest rates are a cost. If interest rates are lowered, then costs will be lowered. For a given margin, lower costs means lower prices and hey presto, you have lower inflation.Can someone explain this?
https://www.cnbc.com/2022/10/20/tur...is-points-despite-inflation-at-83percent.html
I've gone through the entire world's import/export balance, and then sorted it by GDP, population, and made per capita calculations based on those figures. Some results (data is wrong in various places: Iran does not have a net of -13bn, but a surplus of about 30bn, but by and large the primary nations are accurate).
Asia:
China - Net: 1,538,011 ($16.64 trillion) (1,087)
Japan - Net: 101,249 ($5.39 trillion) (799)
India - Net: 122,694 ($3.31 trillion) (88)
South Korea - Net: 216,045 ($1.76 trillion) (4,193)
Saudi Arabia - Net: 123,212 ($0.79 trillion) (3,536)
Turkey - Net: 34,867 ($1.46 trillion) (432)
Israel - Net: -16,663 ($0.40 trillion) (-2,078)
United Arab Emirates - Net: 43,737 ($0.42 trillion) (4,418)
Iran - Net: -13,376 ($0.54 trillion) (-166)
Singapore - Net: 128,670 ($0.64 trillion) (22,948)
Malaysia - Net: 109,511 ($0.35 trillion) (3,457)
Iraq - Net: -48,031 ($0.19 trillion) (-1,215)
Kazakhstan - Net: 18,724 ($0.53 trillion) (1,066)
Europe:
Germany - Net: 454,530 ($4.24 trillion) (5,458)
United Kingdom - Net: -109,322 ($3.16 trillion) (-1,616)
France - Net: 254 ($2.95 trillion) (4)
Italy - Net: 198,131 ($2.24 trillion) (3,316)
Netherlands - Net: 95,341 ($1.04 trillion) (5,552)
Switzerland - Net: 89,171 ($0.78 trillion) (10,607)
Poland - Net: 70,653 ($0.64 trillion) (1,854)
Sweden - Net: 40,011 ($0.61 trillion) (4,057)
Belgium - Net: 240,667 ($0.63 trillion) (20,696)
Norway - Net: 79,056 ($0.72 trillion) (14,583)
Austria - Net: 30,727 ($0.51 trillion) (3,459)
Ireland - Net: 92,027 ($0.43 trillion) (17,663)
Denmark - Net: 27,453 ($0.37 trillion) (4,759)
Finland - Net: 13,463 ($0.29 trillion) (2,426)
Portugal - Net: -2,441 ($0.24 trillion) (-241)
Greece - Net: -9,062 ($0.20 trillion) (-847)
Hungary - Net: 25,902 ($0.17 trillion) (2,661)
Romania - Net: -4,741 ($0.27 trillion) (-238)
North America:
United States - Net: -653,117 ($22.68 trillion) (-1,970)
Canada - Net: 98,725 ($1.74 trillion) (2,611)
Mexico - Net: 27,302 ($1.32 trillion) (214)
South America:
Brazil - Net: 121,880 ($1.45 trillion) (575)
Colombia - Net: -3,000 ($0.31 trillion) (-61)
Argentina - Net: 35,483 ($0.45 trillion) (802)
Africa:
Nigeria - Net: -5,393 ($0.50 trillion) (-26)
South Africa - Net: -53,997 ($0.36 trillion) (-1,363)
Oceania:
Australia - Net: 142,777 ($1.38 trillion) (5,673)
New Zealand - Net: 6,196 ($0.24 trillion) (1,264)
Middle East:
Qatar - Net: 46,118 ($0.20 trillion) (29,815)
Kuwait - Net: 32,206 ($0.14 trillion) (7,330)
Interesting results (surplus figures as % of GDP):
Belgium: 38% (surplus: 240,667 million)
Ireland: 21% (surplus: 92,027 million)
Germany: 11% (surplus: 454,530 million)
Switzerland: 11% (surplus: 89,171 million)
Norway: 11% (surplus: 79,056 million)
Poland: 11% (surplus: 70,653 million)
Netherlands: 9% (surplus: 95,341 million)
Italy: 9% (surplus: 198,131 million)
Denmark: 7% (surplus: 27,453 million)
Austria: 6% (surplus: 30,727 million)
Hungary: 5% (surplus: 25,902 million)
Sweden: 5% (surplus: 40,011 million)
Finland: 5% (surplus: 13,463 million)
France: 0% (balance: 254 million)
Portugal: -1% (deficit: -2,441 million)
Romania: -2% (deficit: -4,741 million)
United Kingdom: -3% (deficit: -109,322 million)
Greece: -5% (deficit: -9,062 million)
I suppose I should read this as saying that, for example, China has a per capita import surplus of 1,087, and Israel an export surplus of 2,078. Or is it the other way round?UK and US are outliers. The UK, within Tory austerity rule, unless someone wishes to correct me regarding the Blair years, is running a deficit of the variety that the US runs habitually (and habitually defends). A kind of asterisk regarding broader economic alignment, geopolitical, between the two nations.
UK: -1,616
US: -1,970
Export deficits of 100bn~ and 650bn~ respectively then weighed by GDP and overall net-export per capita. - for each. Figures might be a bit off, was a lot of data, and still ordering it, but it's broadly accurate.
Unlikely at a certain scale. Enter in certain markets it is virtually imposdible due to economies of scale and oligolistic/lobbistic behaviors.It's not sustainable in any market with competition.
Competitiors will enter the market and undercut, pushing prices down.
Greedflation only sustainable short term or in markets without competition.
A population thing (1.4bn people to 7 million). Israel runs a -2078 deficit. I.e., for every person, it works out at exactly -2078 (dollars) (thousands) per year. Now, China has 1.4bn people so do the multiplication and you see that they are ahead both nominally and per capita of many nations (just in net export terms).I suppose I should read this as saying that, for example, China has a per capita import surplus of 1,087, and Israel an export surplus of 2,078. Or is it the other way round?
Either way, what does it mean? I can see the numbers but I have no idea about their implications.
Rank | Measured by $ Amount (millions US$): | Rank | Measured as % of GDP (%GDP) | |||
---|---|---|---|---|---|---|
1 | United States | 29,463,730 | 1 | Japan | 259.43% | |
2 | Japan | 13,053,658 | 2 | Sudan | 200.35% | |
3 | China | 10,115,837 | 3 | Greece | 194.50% | |
4 | France | 3,329,379 | 4 | Eritrea | 179.66% | |
5 | Italy | 3,169,955 | 5 | Singapore | 159.87% | |
6 | United Kingdom | 3,039,338 | 6 | Maldives | 154.39% | |
7 | Germany | 2,968,690 | 7 | Lebanon | 150.58% | |
8 | India | 2,379,040 | 8 | Italy | 150.30% | |
9 | Canada | 2,243,918 | 9 | Cape Verde | 145.13% | |
10 | Spain | 1,690,788 | 10 | Barbados | 135.40% | |
11 | Brazil | 1,495,729 | 11 | Venezuela | 133.61% | |
12 | Australia | 954,634 | 12 | Bhutan | 132.42% | |
13 | South Korea | 929,584 | 13 | Bahrain | 129.73% | |
14 | Mexico | 746,964 | 14 | United States | 128.13% | |
15 | Iran | 674,167 | 15 | Suriname | 125.70% | |
16 | Singapore | 650,630 | 16 | Portugal | 125.50% | |
17 | Belgium | 649,405 | 17 | Zambia | 119.14% | |
18 | Netherlands | 530,350 | 18 | Spain | 118.30% | |
19 | Indonesia | 488,638 | 19 | Canada | 112.85% | |
20 | Greece | 431,474 | 20 | France | 112.80% |