The Rise & Fall of Japan
Send us a textFrom 1991 through 2001, Japan experienced a period of economic stagnation and price deflation known as "Japan's Lost Decade." This was caused by the collapse of an asset price bubble in late 1991. The term originally referred to the 1990s, but the 2000s and the 2010s can be added to the list due to the country’s economic stagnation. We’ll look at the postwar Japanese economic miracle, the bubble economy of the late 1980’s and the lost decades that Japan has experienced since.&nb...
24 Syys 202228min
Is Russia Winning The Economic War?
Send us a textVladimir Putin announced in a speech last month that Russia had weathered the worst of the Economic sanctions imposed by Western nations. He said that “gloomy predictions about the Russian economy’s future didn’t come true” and that the sanctions had hit foreign economies much harder than they had hit Russia. He added that “The weaponry of sanctions is a double-edged sword… and European countries had dealt a serious blow to their own economies all on their own.” So are the sanct...
16 Syys 202227min
The Vaporware Salesman
Send us a textJohn Keely was the founder of the Keely Motor Company. He announced that he had discovered a new physical force, one that, if harnessed, would produce unheard-of power. He claimed to be able to produce from a quart of water enough fuel to move a 30-car train from Philadelphia to New York City.Scientists and engineers scoffed at his unverified claims. After his death, an investigation was carried out, and examination of his apparatus - a supposed perpetual motion machine - showed...
9 Syys 202210min
Protests In China: The Story Behind the Bank Scandals.
Send us a textIn China, a major financial crisis is unfolding. A few months ago, four rural lenders in the northern province of Henan froze the deposits of hundreds of thousands of customers and Chinese citizens in 86 cities are boycotting mortgage payments towards their homes. Confidence in the financial sector has plunged. In this video we look at the story behind the bank scandals.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Flo...
7 Syys 202219min
Will China Actually Allow Audit Inspections?
Send us a textThe United States and China appear to have reached a landmark deal that would allow Chinese companies to remain listed on US exchanges, halting the threatened delisting of about 200 stocks that trade in New York.The announcement by US and Chinese regulators is a breakthrough after a prolonged standstill. Beijing has not allowed foreign regulators to inspect Chinese company audits, citing a desire to protect state secrets. US law requires Chinese companies to leave American stock...
1 Syys 202216min
The 1987 Crash - Wall Street History
Send us a textThe first global financial crisis erupted in the autumn of 1987 on a day known as “Black Monday.” A chain reaction of market distress sent stock exchanges around the world plummeting in a matter of hours. In the United States, the Dow Jones Industrial Average dropped 22.6 percent in a single trading session, a loss that remains the largest one-day stock market decline in history. At the time, it marked the sharpest market downturn in the United States since the Great Depre...
30 Elo 202228min
The European Cost Of Living Crisis!
Send us a textRising energy prices could push UK inflation as high as 18% next year according to Citi. European gas prices rose sharply this week due to supply fears, after Gazprom Russia’s energy firm announced it would shut down the Nord Stream 1 pipeline - the main gas supply line to Europe - to complete three days of unplanned maintenance.Right now, Britain and the EU are in the middle of a cost-of-living crisis driven by energy inflation. What can be done to prevent this from happening a...
25 Elo 202217min
Will The Inflation Reduction Act Reduce Inflation?
Send us a textThis Tuesday Joe Biden signed into law a sweeping tax, healthcare, and climate bill, called the Inflation Reduction Act, a significantly pared back version of the “Build Back Better Plan” which he was pushing for last year.Fans of the new law claim that it will improve citizens’ finances while reducing the federal deficit and critics say it will lead to higher taxes for individuals and corporations, and that it will be ineffective at dampening inflation. Let’s look at the new le...
19 Elo 202217min
