Fall of the Japanese Yen

The Yen. Once one of the world’s most respected currencies is no longer a safe haven. In times of geopolitical and economic uncertainty, foreign governments and investors often sought the Yen; the Ukrainian-Russian conflict has spelt an end to this. The nominal exchange rate of the Yen took a sharp dive following the beginning ofContinue reading “Fall of the Japanese Yen”

Macron’s reforms

Elected with the promise of liberalising the French economy, Macron has brought a wave of economic growth and prosperity to a previously fraught economy. Following the 2008 Financial Crisis, France suffered under successive Presidents who struggled to grapple with its aftermath; the unemployment rate refused to fall below 9%, rising to 11% under Socialist PresidentContinue reading “Macron’s reforms”

Inflation in 2022

Inflation is skyrocketing in most developed countries. In the US, inflation climbed above 8% in January for the first time since the 1980s; in the UK, inflation reached 6% in March 2022 – a first in 30 years. Whilst, the recent spike in prices can be attributed to a combination of supply chain shocks andContinue reading “Inflation in 2022”

Biden’s backwards budget

On the 28th of March, President Biden set out his $5.8 trillion budget proposal for 2023. One of the largest in American history, this historic piece of legislation outlines $4.1 trillion as part of an American ‘Jobs and Rescue plan’ alongside an additional $1.7 trillion in discretionary spending. Proposed tax increases in this bill amountContinue reading “Biden’s backwards budget”