Inflation, Interest Rates & House Prices

An update on the situations with inflation, interest rates, and house prices.

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SOCIAL MEDIA:

Performed by Gary Stevenson
GARYSECONOMICS

Produced by Simran Mohan
MOHAN MEDIA

TIMESTAMPS
00:00 - Covid Cash Accumulation
02:06 - Inflation
04:28 - Interest Rates
06:13 - Avoiding Crisis
08:40 - Who Benefits?
10:48 - Value of Currency
12:53 - Tax the Rich
15:44 - House Prices
18:06 - Mortgages
20:40 - Corporate Landlords
23:27 - Summary

[BR-gzcv]

Love Gary’s breakdowns of what’s “really” going on around us. Refreshing to see an Incredibly sharp guy who hasn’t abandoned his working class heart. Please keep up the great work!

[Skylark_Jones]

"What you're seeing here is kind of the death throes of an economy which has given up on taxing the rich." Wow.

[bryansmith]

In the modern world this man should be our Chancellor In a new Political party created for the Young people of Britain

[markcampbell]

I don't know why I only "discovered" you yesterday, but you articulate so well what I and a friend suspected was happening back in 2020. Thank you for your clarity and work!

[mattmccormick]

Brilliant explanations Gary, this country is so far in the gutter/sewer people can't even begin to picture the mess

[Jesusspop]

Thanks for all your work Gary, what you’re doing is hugely important. Keep it up !

[bigtree]

I hope we see more of Gary on TV and media to get this message out there, we desperately need taxation reform for the rich

[pdnpcpomcblHwbd]

This man was spot on. 10/2024 and government tried to take credit for drop in inflation.

[pauljenkins]

It's not just mortgages that are affected by interest rates, it's every single thing that's bought on credit, from your builder's van to your factory's production line to your neighbour's washing machine, flat screen TV, etc. The more marginal your circumstance the more likely you are to buy goods on credit. And although the intent of interest raises is to restrict the money supply so as to hold prices down, for a large part of the population that effectively increases inflation.

[Ab.Stat.]

Always enjoy your videos, Gary. I think a large part of the audience is interested to see you unpack the theory behind this with graphs and case studies and what not. Maybe you're worried that sort of video would be too slow or dry but I reckon a good chunk of this audience are massive nerds like me.

[chriswhite]

Thank you for your clarity Gary. Your explanations are hugely helpful.

[forecast_hinderer]

Charles Eisenstein used a powerful analogy for never enough money in a recent video on his channel called Sacred Economics, The Stand 2023. He likened the current system to a game of musical chairs where you have everything at stake if you can’t find a chair when the music stops. He says, the question is, who decided we need to remove chairs in the first place.

[marvinwright]

Bro I’m addicted to your videos! I have always been interested in money / banking / economics but never really understood all of the workings behind the yellow tape. However the way you articulate and break everything down is spot on!

Thank you bro 👊🏾👌🏾👏🏾

[marcusdaniels]

I don’t know about anyone else but I need to watch this 2 or three times to really understand it.
But some early constructive criticism…
We need to stop saying ‘tax the rich’
It has a stigma to it. People who we need to bring with us switch off when they hear it.
Maybe say tax wealth or tax passive income.
Thanks for my weekly economics lesson Gary. It’s helps me understand money, class and hierarchy.

[zyxmn]

Hope this channel becomes more popular, fat chance the main stream media are gonna talk about this . They are never gonna blame the government they work for .

[mikeharvey]

Everyone should try to get their friends family and MPs to watch this. I know young people who are so grateful that I bang on about this, but it needs all of us to share this! Barb

[rickym.]

Thank you Gary, amazing how you explain a complex topic like fiscal and monetary policy to the average Joe, in such a simple way! The Conservative party is going to be HAMMERED in the next election!

[joanneburford]

Very similar situation in Australia, although our cash rate isn't as high as yours, the rate of increase has been much faster. I like this guy - no BS 👏

[thomasking]

Gawd I feel old, this year I've switched to sensible shoes, talk radio and loving finance channels like this one. Thanks Gary!

[mateobravo]

You do work where others turn a blind eye, Gary. Sincerity and integrity are the greatest of things, keep it up. Remind me of Paul Mason's influence in the GFC around 2010. I have just started binge watching your channel after the shout on LBC Radio this morning with James O'brien. Greetings from Spain.