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Barry Hamm
Economics Help
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Comments by "Barry Hamm" (@barryhamm3414) on "Economics Help" channel.
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The ultimate accolade for a YT presenter is to attract a flock of trolls, so congratulations on another well researched presentation.
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Russia and Ukraine are engaged in a kinetic war with losses on both sides, the outcome of this war is currently unclear. Likewise the West and Russia are engaged in an economic war, the difference here is that the West has far deeper pockets and can sustain losses that would cripple Russia.
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Supply chains are complex with components sourced from multiple even a myriad of countries. Lada might have recommenced production but how long will it be before a machine that makes a component breaks down and then can a replacement part be obtained? It is being reported that Russia is running out of the cassette bearings used in the wheels of its railway rolling stock, without an apparently simple bearing the Russian railways will, in time grind to a halt. They could perhaps convert to using older-style roller bearings but this will take time and even when achieved additional maintenance will be required and failures more frequent. No man is an island and neither is a country.
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I'm Australian and have no intention of leaving but if circumstances were such that I had to leave Australia the UK would be on my short list along with NZ and Canada.
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Far too many commentators see two data points and draw a straight through them into the distant future and conclude that disaster is just around the corner. Not realising that reality is far more complex.
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The bank is betting that interest rates will fall in the longer term and that over the duration of the loan they will still make a profit.
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@James-tv4pl English speaking, some ancestral links, historical sites, rule of law, beautiful countryside, lack of corruption etc there are numerous reasons why the UK would make my short list. Having said this I suspect that NZ would win this hypothetical contest.
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