@notayesmansecon.bsky.social
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Thank you to the ladies of Battersea Park Zumba who were in fine form earlier. 💃💃💃💃💃💃💃💃💃💃💃
about 6 hours ago
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UK Wind Power has rallied to 7.1W this morning. With 5.4GW of Solar we are burning 2.8GW of Gas as well as importing 5.7GW. Hydro is 0.1GW. Nuclear is 3.5GW and the awful Biomass 0.8GW. The price of wholesale electricity over the past 24 hours was £115 per MWh.
#renewables
about 10 hours ago
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Good Morning All
about 11 hours ago
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I see the heat and war in Ukraine is pushing up agricultural commodity prices like wheat. How long is the pass through time from commodity price rises to shop price increases?
soundcloud.com/shaun-richar...
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Notayesmanspodcast387
This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on:- I see the heat and war in Ukraine is push
https://soundcloud.com/shaun-richards-53550081/notayesmanspodcast387?si=66440de5304843bb8172e38e66ba9b5e&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing
1 day ago
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The Bank of England has more and more problems with QE and QT This morning has brought news on an issue that is usually apart from on here hidden in the shadows. In the Covid pandemic period central banks became Lords of all they surveyed in government bond markets. Along the way they became very…
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The Bank of England has more and more problems with QE and QT
This morning has brought news on an issue that is usually apart from on here hidden in the shadows. In the Covid pandemic period central banks became Lords of all they surveyed in government bond markets. Along the way they became very popular in establishment circles as these purchases drove bond yields lower and allowed governments to borrow very cheaply and in some cases ( Euro area, Japan and Switzerland come to mind) were in fact paid to borrow or if you prefer had negative bond yields.I recall pointing out that negative bond yields for Italy were especially insane.
https://notayesmanseconomics.wordpress.com/2026/07/17/the-bank-of-england-has-more-and-more-problems-with-qe-and-qt/
1 day ago
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If you have a question for my weekly economics and financial markets podcast then please let me know.
1 day ago
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This would boost the UK government bond market. Along the way we could look at what a dreadful error it was by the Bank of England buying these things as it has created enormous losses which the UK taxpayer is bankrolling.
x.com/FT/status/20...
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Financial Times (@FT) on X
Investors say BoE should slow or stop long-dated bond sales https://t.co/Ynhx7px8AC
https://x.com/FT/status/2077973477781291137
1 day ago
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The UK FTSE 100 has rallied above 10.600 this morning.
1 day ago
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UK Wind Power has rallied to 3.3W this morning. With 5.4GW of Solar we are burning 10.8GW of Gas as well as importing 4.7GW. Hydro is 0.3GW. Nuclear is 3.5GW and the awful Biomass 2.6GW. The price of wholesale electricity over the past 24 hours was £130 per MWh.
#renewables
1 day ago
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Good Morning All
1 day ago
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The UK gets some better economic news from the likely new Chancellor and GDP As England fans like me were getting ready to watch the World Cup semi-final we finally found out who was going to be the next Chancellor of the Exchequer. It came from the Financial Times. Shabana Mahmood, home…
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The UK gets some better economic news from the likely new Chancellor and GDP
As England fans like me were getting ready to watch the World Cup semi-final we finally found out who was going to be the next Chancellor of the Exchequer. It came from the Financial Times. Shabana Mahmood, home secretary, is set to become Britain’s next chancellor, according to three people briefed on the thinking of Andy Burnham, in a prospective move that has been welcomed in the City.
https://notayesmanseconomics.wordpress.com/2026/07/16/the-uk-gets-some-better-economic-news-from-the-likely-new-chancellor-and-gdp/
2 days ago
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219 now for the UK Pound £ versus the Japanese Yen.
add a skeleton here at some point
2 days ago
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The relief rally in the UK Pound £ after the announcement that Ed Miliband will not be Chancellor carries on this morning with it above US $1.35.
#GBP
2 days ago
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The better economic news for the UK continued into the ersatz quarterly figures. Real gross domestic product (GDP) grew by 0.7%, following a growth of 0.8% in the three months to April 2026 (revised up from a growth of 0.7% in our previous publication)
2 days ago
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Some better economic news for the UK this morning. In the month to May 2026: Monthly GDP grew by 0.1%, following an unrevised fall of 0.1% in April 2026 and an unrevised growth of 0.3% in March 2026.
2 days ago
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UK Wind Power has fallen to 3.1GW this morning. With 5.6GW of Solar we are burning 10.8GW of Gas as well as importing 5.4GW. Hydro is 0.4GW. Nuclear is 3.5GW and the awful Biomass 2.6GW. The price of wholesale electricity over the past 24 hours was £122 per MWh.
#renewables
2 days ago
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Good Morning All
2 days ago
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The UK Pound £ has set another multi-year high above 218 against the Japanese Yen today.
#GBPJPY
3 days ago
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What did we learn from the Mansion House speeches last night? Last night brought one of the set piece events in the UK economic calendar where both the Chancellor of the Bank of England and the Governor of the Bank of England speak at Mansion House in the City of London. There have been…
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What did we learn from the Mansion House speeches last night?
Last night brought one of the set piece events in the UK economic calendar where both the Chancellor of the Bank of England and the Governor of the Bank of England speak at Mansion House in the City of London. There have been significant events here in the past including when Governor Mark Carney spoke the words that most contributed to him being called The Unreliable Boyfriend.
https://notayesmanseconomics.wordpress.com/2026/07/15/what-did-we-learn-from-the-mansion-house-speeches-last-night/
3 days ago
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The UK ten-year yield is back nudging 5% this morning.
3 days ago
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UK Wind Power has fallen to 5GW this morning. With 5.4GW of Solar we are burning 9.8GW of Gas as well as importing 5.4GW. Hydro is 0.4GW. Nuclear is 3.5GW and the awful Biomass 2.7GW. The price of wholesale electricity over the past 24 hours was £117 per MWh.
#renewables
3 days ago
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Good Morning All
3 days ago
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China has engineered much cheaper borrowing costs for its exports and production This morning we have received the latest Chinese trade figures and one piece of data rather stood out. China’s monthly car exports rose past 1mn cars in June, a new record that comes as part of an overall surge in…
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China has engineered much cheaper borrowing costs for its exports and production
This morning we have received the latest Chinese trade figures and one piece of data rather stood out. China’s monthly car exports rose past 1mn cars in June, a new record that comes as part of an overall surge in trade that will heighten tensions with partners such as the EU. (Financial Times) This is of course really awkward for the Financial Times as it has been a fervent supporter of the European Union just as one of its main economic pillars has started to crumble as only yesterday we were told this.
https://notayesmanseconomics.wordpress.com/2026/07/14/china-has-engineered-much-cheaper-borrowing-costs-for-its-exports-and-production/
4 days ago
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The rise in UK bond yields will also affect mortgages. My leading indicator the five-year yield is now 4.6% and if it stays there for any length of time higher mortgages are on their way.
4 days ago
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The UK ten-year yield passes 5% Klaxon.
4 days ago
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UK Wind Power has rallied to 8.4GW this morning. With 4.7GW of Solar we are burning 4.7GW of Gas as well as importing 7.1GW. Hydro is 0.5GW. Nuclear is 3GW and the awful Biomass 2.6GW. The price of wholesale electricity over the past 24 hours was £110 per MWh.
#renewables
4 days ago
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Good Morning All
4 days ago
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With the UK ten-year yield rising to 4.97% this afternoon it looks as though the bond market is factoring in extra borrowing from Andy Burnham.....
add a skeleton here at some point
5 days ago
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So far prospective Prime Minister Andy Burnham seems to lack an economic plan We are in the political equivalent of an interregnum in the UK as by the end of the week we will have a new leader of the Labour Party and thus a de facto Prime Minister and by this time next week it will be formally…
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So far prospective Prime Minister Andy Burnham seems to lack an economic plan
We are in the political equivalent of an interregnum in the UK as by the end of the week we will have a new leader of the Labour Party and thus a de facto Prime Minister and by this time next week it will be formally true. But there is a problem in that such a process has allowed Andy Burnham to escape both scrutiny and indeed policies.
https://notayesmanseconomics.wordpress.com/2026/07/13/so-far-prospective-prime-minister-andy-burnham-seems-to-lack-an-economic-plan/
5 days ago
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The UK government bond market is back under pressure this morning as the ten-year yield rises to 4.91%.
5 days ago
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UK Wind Power has rallied to 8.2GW this morning. With 5.5GW of Solar we are burning 3.3GW of Gas as well as importing 7.4GW. Hydro is 0.5GW. Nuclear is 3GW and the awful Biomass 2.5GW. The price of wholesale electricity over the past 24 hours was £73 per MWh.
#renewables
5 days ago
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Good Morning All
5 days ago
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Good Morning All
6 days ago
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UK Wind Power has rallied to 3.6GW this morning. With 5.7GW of Solar we are burning 5.1GW of Gas as well as importing 7.6GW. Hydro is 0.4GW. Nuclear is 3GW and the awful Biomass 1.3GW. The price of wholesale electricity over the past 24 hours was £114 per MWh.
#renewables
7 days ago
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Good Morning All
7 days ago
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The main problem for France is simply a lack of economic growth It is time for another look at La Belle France. Apart from it having a very good football team there is quite a bit to consider in the economic situation. We can start with something I looked at on the 29th of May. France Fin. Min.…
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The main problem for France is simply a lack of economic growth
It is time for another look at La Belle France. Apart from it having a very good football team there is quite a bit to consider in the economic situation. We can start with something I looked at on the 29th of May. France Fin. Min. Lescure: There is no need to be alarmed about French GDP (@FinancialJuice) Official denials usually mean that there is and he went further also pressing the vigilant klaxon.
https://notayesmanseconomics.wordpress.com/2026/07/10/the-main-problem-for-france-is-simply-a-lack-of-economic-growth/
8 days ago
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If there are any more questions for my weekly economics and financial markets podcast then please let me know.
8 days ago
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Correction. UK Wind Power was 1.6GW this morning. The UK Wind Drought continues meaning that Gas and Imports are providing 60% of our electricity this morning.
add a skeleton here at some point
8 days ago
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The UK Wind Drought continues meaning that Gas and Imports are providing 60% of our electricity this morning.
add a skeleton here at some point
8 days ago
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UK Wind Power is 6.3GW this morning. With 6.3GW of Solar we are burning 12.4GW of Gas as well as importing 7GW. Hydro is 0.3GW. Nuclear is 3GW and the awful Biomass 2GW. The price of wholesale electricity over the past 24 hours was £120 per MWh.
#renewables
8 days ago
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Good Morning All
8 days ago
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Another small improvement in the UK ten-year yield to 4.91% this afternoon.
add a skeleton here at some point
9 days ago
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China continues to do much better than us on the inflation front This morning we have received the latest Chinese inflation figures and we can see it is an area where they continue to do better than us in the west. In June , influenced by seasonal factors and fluctuations in international market…
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China continues to do much better than us on the inflation front
This morning we have received the latest Chinese inflation figures and we can see it is an area where they continue to do better than us in the west. In June , influenced by seasonal factors and fluctuations in international market prices, the Consumer Price Index ( CPI ) decreased by 0.3% month-on-month and increased by 1.0% year-on-year. ( National Bureau of Statistics)
https://notayesmanseconomics.wordpress.com/2026/07/09/china-continues-to-do-much-better-than-us-on-the-inflation-front/
9 days ago
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The UK National Grid will be struggling again tonight. It's summer......
9 days ago
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The present UK Wind drought means that Gas and Imports are providing around 60% of UK electricity supply this morning.
add a skeleton here at some point
9 days ago
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The UK ten-year yield has improved a little this morning to 4.93%.
9 days ago
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UK Wind Power has fallen to 1.5GW this morning. With 6.3GW of Solar we are burning 12.2GW of Gas as well as importing 7GW. Hydro is 0.3GW. Nuclear is 3GW and the awful Biomass 2GW. The price of wholesale electricity over the past 24 hours was £119 per MWh.
#renewables
9 days ago
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Good Morning All
9 days ago
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The UK ten-year yield has risen to 4.97% now.
add a skeleton here at some point
10 days ago
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Why are Western political classes ignoring the rise in debt costs? One of my main themes is that the western political structure seems unable to wean itself off a policy of fiscal stimulus and largesse.There were the extraordinary spending efforts in the Covid pandemic which you might reasonably…
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Why are Western political classes ignoring the rise in debt costs?
One of my main themes is that the western political structure seems unable to wean itself off a policy of fiscal stimulus and largesse.There were the extraordinary spending efforts in the Covid pandemic which you might reasonably think would be followed by some retrenchment. But that has not happened and we have seen the fiscal taps regularly opened again. As I wrote about yesterday even Germany which used to be something of a paragon in fiscal terms is a fiscal stimulus player these days.
https://notayesmanseconomics.wordpress.com/2026/07/08/why-are-western-political-classes-ignoring-the-rise-in-debt-costs/
10 days ago
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