Eoin Treacy

6 days ago | fullertreacymoney.substack.com | Eoin Treacy

Over the weekend, the UK government made some bold statements about military spending. The promise is they will build several additional nuclear submarines and as many as seven new munitions factories. How that is going to be paid for remains to be seen but it is part of the ambition to take military spending towards the NATO commitment of 3% of GDP. I w…

1 week ago | fullertreacymoney.substack.com | Eoin Treacy

1 week ago | fullertreacymoney.substack.com | Eoin Treacy

NatWest and a £10.5 billion loss. Amid the panic of 2008, when banks were going under at an accelerating pace, governments were under pressure to intervene. The choice was between stemming the panic and accepting the high probability of a depression on a scale similar to the 1930s. The choice to support banks and force mergers was the right decision at the time. How that was handled differed significantly between countries.

1 week ago | fullertreacymoney.substack.com | Eoin Treacy

The USA publishes many statistics on an annualised basis. That means the -0.2% quarterly GDP figure published yesterday reflects what the number would be if the 1st quarter was repeated for every quarter this year. What that means is the actual contraction was -0.05%. In other words, the economy may have contracted or may not have. The potential error rat…

1 week ago | fullertreacymoney.substack.com | Eoin Treacy

Reform Party And Giving The People What They WantThe way politicians gain power is to make promises. The way they stay in power is to fudge what they promised and to make incremental spending increases. The challenge is that this cycle has been in play for decades and those incremental spending increases add up. That is currently in focus because of the large number of people reaching retirement age relative to the number of taxpayers entering the workforce.