tag:blogger.com,1999:blog-92040835369101144662012-01-02T14:11:41.384+02:00Over 2,000,000 youtube views of my economics videos! Now let me help YOU! Contact me at pajholden1967@yahoo.com and have essays and questions marked/assessed by e-mail then, if you wish, follow it up with a Skype lesson the next day to discuss your work! Or get help in the preparation of assignments, essays, questions, past-papers and exam technique. With competitive rates and an easy Paypal payment system, the help you need is just a few clicks away!pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.comBlogger221100tag:blogger.com,1999:blog-9204083536910114466.post-1148079933865009732011-05-11T11:22:00.002+03:002011-05-11T11:32:30.310+03:00

One year ago Greece were awarded a bailout of 110 billion euros on condition they met austerity demands and controlled their fiscal position adequately. Now it seems this 110 billion isn't enough. The Greek government still can't meet their commitments to their creditors and certainly can't borrow at the bond rates they face on the open market (c. 20%). And so what is to be done? Should they

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com0tag:blogger.com,1999:blog-9204083536910114466.post-41709088635617419842011-05-11T11:21:00.001+03:002011-05-11T11:22:22.836+03:00

Hi. Okay, it's been a while. Sorry. I've been busy.Ah, come on. I said sorry didn't I?

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com1tag:blogger.com,1999:blog-9204083536910114466.post-54712060169905531142010-02-10T14:03:00.003+02:002010-02-10T14:43:55.013+02:00

I have lived in Greece for 14 years and have always loved life here which is at turn exhilerating, opportunist, infuriating and never dull. But now, with the current sovereign debt crisis it is an especially exciting place to be as an economist. Everyone is discussing the financial crisis the goverment has found itself in and everyone has a view on the policies the government is passing in an

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com0tag:blogger.com,1999:blog-9204083536910114466.post-43758451169046250432009-12-26T14:04:00.003+02:002009-12-26T14:06:48.605+02:00

I am very much looking forward to meeting the A-Level class of Hove College on the 28th December. If you are in the area come down and say hello. We are meeting at The Prince Albert pub in Brighton at 12.30 to discuss A-Level Economics and current issues in the economy from a VI form pupil perspective - all over a couple of drinks. See you there perhaps?

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com0tag:blogger.com,1999:blog-9204083536910114466.post-88164221174042179162009-12-24T18:38:00.003+02:002009-12-24T18:55:41.907+02:00

They say there are four stages to life:1. You believe in Father Christmas2. You don't believe in Father Christmas3. You are Father Christmas4. You look like Father ChristmasI am in stage three and my youngest daughter is still in stage one, though I fear by this time next year she might well be in stage two. When that happens I will begin the transition into stage four.Thank you for following

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com0tag:blogger.com,1999:blog-9204083536910114466.post-71587385041329582122009-12-11T13:14:00.002+02:002009-12-11T13:20:23.519+02:00

This was the test I set my Economics students today - could you answer any of the questions?Christmas Test Answer any five of the following questions. All questions are worth 10 marks. 1. Assess the view that reindeer flying fast over urban areas generate considerable negative externalities and evaluate one method to reduce the external cost created.2. In the elf labour market, is the

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com0tag:blogger.com,1999:blog-9204083536910114466.post-83939579746798464372009-12-09T10:05:00.001+02:002009-12-09T10:08:17.326+02:00

Try this website for a fascinating insight into the size of US debt.www.usdebtclock.orgNote the different types of debt - and see how government debt is rising yet private sector debt is falling. Watch out though - I have found this site quite addictive - it's better than TV!

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com1tag:blogger.com,1999:blog-9204083536910114466.post-80065092351434165162009-12-05T14:35:00.002+02:002009-12-05T15:13:03.728+02:00

It seems very likely that serious inflation is on the way. I believe that there are several indicators that all point to significant inflation in developed economies, especially the UK and the USA occuring within one to three years. I'll set out 10 reasons.1: There has been a major increase in the monetary base in the USA and the UK. This has occured because of stimulus packages and radical

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com1tag:blogger.com,1999:blog-9204083536910114466.post-64369662870503338642009-09-14T10:50:00.005+03:002009-09-14T13:11:41.820+03:00

Protectionism is back. Perhaps the biggest surprise about this week's developing spat between USA and China over tyres, cars and chicken meat ( http://news.bbc.co.uk/2/hi/business/8253365.stm ) is that it didn't kick off even earlier in the global recession. There had been a hint of it in the US stimulus plan which seems like ancient history now (months actually) when it was stated that money

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com3tag:blogger.com,1999:blog-9204083536910114466.post-8239374479149792662009-09-02T10:39:00.004+03:002009-09-02T11:05:57.135+03:00

It seems there has been a rash of Behavioural Economics books published lately for the popular market. Books like "Nudge" by Cass Sustein and Richard Thaler, and "Animal Spirits" by George Akerlof and Robert Shiller have been successful in suggesting that people don't react and respond in a rational predictable manner and it is folly of economists to suggest that we all have a measurable, stable

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com5tag:blogger.com,1999:blog-9204083536910114466.post-41878033937455600792009-09-02T08:31:00.002+03:002009-09-02T09:11:03.617+03:00

There's more optimism this side of summer than there was before the holidays began. Certain indicators, beyond the stock markets, are showing signs of improvement - or are at least bottoming out. Indicators like unemployment figures that continue to get worse are, we are told by experts, lagging indicators and so will be the last to improve and that's to be expected.Fair enough. But when the long

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com1tag:blogger.com,1999:blog-9204083536910114466.post-52296547632940336522009-04-27T18:47:00.003+03:002009-04-27T19:04:38.129+03:00

Spain announced unemployment figures of a staggering 17.4% this week. Unemployment figures across the EU vary sharply, and while most are on the rise, Spain's situation is a lot worse than other eurozone countries. The answer for any EU country facing growing worklessness is surely a combination of deamnd management but more significantly a boost to the flexibility of labour markets. Reform in

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com7tag:blogger.com,1999:blog-9204083536910114466.post-15104519363185251162009-04-27T18:22:00.003+03:002009-04-27T18:35:58.650+03:00

The UK government is going to collect 50% income tax on all earnings over 150,000 pounds from April 2010. This replaces the 45% tax that was to come into effect in 2011. Many commentators are up in arms over this and see it as a return to the "bad old days of Labour - tax and spend". Well, I welcome it. And how about another tax - let's say 75% on everything earned over 500,000 gross. And how

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com17tag:blogger.com,1999:blog-9204083536910114466.post-14582830784728611922009-04-27T18:20:00.001+03:002009-04-27T18:22:02.482+03:00

I welcome your comments - but from now on I can only allow them onto the blog if they are from a named author - no more anonymous comments please! Thanks.

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com2tag:blogger.com,1999:blog-9204083536910114466.post-3158573876949852432009-04-16T10:45:00.004+03:002009-04-16T11:00:36.286+03:00

Mrs Thatcher, ex Prime Minister of the UK and now an old lady said last week that fiscal mismanagement by Gordon Brown and the Labour Party was likely to send the UK begging to the IMF as happened in 1976.She is so wrong, and should really learn that things are different now. But for those of you who don't remember, or are young enough never to have known Maggie - a quick History lesson.She was

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com3tag:blogger.com,1999:blog-9204083536910114466.post-28929076357519761682009-04-06T20:27:00.008+03:002009-04-07T09:50:16.343+03:00

It was only five years ago that Greece basked in the glory of an excellent hosting of a dignified 2004 Olympic Games, the surprise victory of the Euro 2004 football championships held in Spain and Portugal, and even winning the Eurovision Song Contest.How things have changed. Following devastating forest fires in 2007 (2% of Greece burned) and public unrest in Athens and elsewhere last year,

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com1tag:blogger.com,1999:blog-9204083536910114466.post-26345037117924580452009-03-28T14:25:00.001+02:002009-03-28T14:39:34.577+02:00

This year I turned 42. There is no longer any country in the world where if I was a citizen I would be in the youngest half of the population. That's a sobering, mildly depressing thought for me, but I suppose I'll cope.But it got me thinking about the ageing population that is especially affecting the developed world. As baby boomers get set to retire over the next 10-20 years, severe problems

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com7tag:blogger.com,1999:blog-9204083536910114466.post-39631299033924749942009-03-14T16:36:00.006+02:002009-03-16T11:03:07.651+02:00

In the classic movie 'The Third Man', Harry Lime, played by Osron Welles, mocks the Swiss for being boring. "In 500 years of order and democracy," he says, "what have the Swiss produced for the world? The cuckoo clock!" http://www.youtube.com/watch?v=rUJwx0gwW-4That movie was set in postwar Austria, and Welles reportedly adlibbed the line while shooting the film. Nevertheless, that Switzerland is

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com1tag:blogger.com,1999:blog-9204083536910114466.post-75583839467644834292009-03-09T13:35:00.003+02:002009-03-09T13:49:56.649+02:00

You know things are bad when the Japanese are suffering a trade deficit. The Japanese current account - recording flows of money in and out of Japan - is showing more outflows than inflows on the current account - that is money flows associated with trade and repatriated profits from investments abroad. Japan, who had a trade surplus for 25+ years plus can't cope with the collapse in exports (46%

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com1tag:blogger.com,1999:blog-9204083536910114466.post-43043886614313198832009-03-07T19:18:00.003+02:002009-03-07T19:42:27.734+02:00

It's difficult to say and it's difficult to do - quantitative easing. The UK government is going to print (electronically) lots of extra money. Oh great. Now that interest rates aren't working, let's reach for a bigger gun...

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com7tag:blogger.com,1999:blog-9204083536910114466.post-65837047236104433362009-03-06T13:49:00.001+02:002009-03-06T14:10:00.537+02:00

Morning! Writing on Friday 6th, lunchtime. Stunning news from automakers GM yesterday - they might actually close. Assuming that this isn't scaremongering to force more money and quickly, it is bad news in so many ways.1. - Jobs impact. Think of all those jobs - at GM itself, plus all the supply chain that supports the car giant, plus all the local service providers that support a local economy

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com2tag:blogger.com,1999:blog-9204083536910114466.post-17528076087256050872009-03-02T19:38:00.000+02:002009-03-02T19:58:21.257+02:00

Hello there! Thanks for coming! This is my new blog and contact forum. It's being set up now, but I thought it would be more fun to have it up and running as I build it, rather than set it up and finish it before launching.I have been stunned by the over 300,000 views that my youtube vids have had so far. They are now getting an average of 1,200 views every day! Many viewers wanted info on how to

pajholdenhttp://www.blogger.com/profile/13722984421714947262noreply@blogger.com0