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Economy

The squeezed middle lose out in the gig economy

Rush Hour

People in secure full-time employment tend to be seen as the winners in any economy.  However, as more firms look to freelancers to avoid the cost of directly employing people, it is this group that are most at risk. According to Diane Mulcahy at Havard Business Review: “Work is being …

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The zombie apocalypse coming to an economy near you

Zombies

An army of zombies looks set to destroy the Eurozone and nobody knows how to stop them! Okay, these aren’t the kind of flesh-eating zombies that featured in the Night of the Living Dead.  Rather, they are the army of walking-dead companies and banks that are slowly destroying the Eurozone …

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A third of us now work in the “gig economy”

Gig economy

Think of the gig economy, and you probably think of web-based companies like Airbnb, Deliveroo or Uber.  But these are just the visible tip of a much larger gig economy iceberg that includes everything from full-time professional roles to extremely precarious short-term and low paid gigs found on sites like …

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IMF calls for government action for growth

Deflation

The world economy is slipping into a deflationary trap.  That’s the stark warning of the International Monetary Fund in its forthcoming World Economic Outlook: “Eventually, the economy may end up in a deflation trap—a state of persistent deflation that prevents the real interest rate from decreasing to the level consistent …

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Is the ‘gig economy’ about to crash?

Gig economy

A few years ago it was being touted as the future of work.  In part a response to the threat of globilisation to traditional forms of employment, in part an entrepreneurial use of new technologies; the ‘gig economy’ was meant to herald a new round of prosperity across the developed world.  As …

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Italy on the verge of destroying the Euro

beppe grillo

On the back of the slow collapse of the Italian banking industry, Italy is just three all too plausible steps away from destroying the Eurozone according to John Hulsman at City Am: Step one is that Prime Minister Matteo Renzi loses the autumn referendum on reform of the political system …

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Forget GDP – it is per capita GDP that indicates our demise

Recession

Across the Western World there is a growing sense that something is wrong.  The economic ‘recovery’ that we have experienced since 2008 feels for all the world like a depression.  Despite official GDP figures showing (at least some) growth, more people have been forced to turn to foodbanks (UK) and …

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Doing the same thing in the hope of a different outcome

Bank of England

It is doubtful that Britain’s economic woes are entirely the result of Brexit.  In the ordinary course of the business cycle, we were overdue for a recession anyway.  Add to that the spectacular current account deficit and vast public borrowing that resulted from Osborne’s ill-conceived and ideologically-driven attempt to run …

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Forget Brexit – banking looks set to kill the EU dream

EU banks

While public attention has focussed on the British vote to leave the European Union, an even deeper crisis has been brewing in the EU banking sector.  Italian banks are desperate for a new round of bailouts, while similar crises are worsening for Spanish and Portuguese banks. All three countries pose …

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