Welcome to Wealth Economics!
The markets have incorrectly predicted a recovery in interest rates and the economy in 2009, 2010, 2011, 2012, 2013, 2014, 2015 and every other year up til now, 2020!
They have no idea what’s going on.
Real wages are falling downwards or stagnating and house prices are spiralling upwards, and economists have no idea why.
While trading interest rates in financial markets I developed a theory that enabled me to become Citibank’s most profitable trader globally in 2011.
The theory explains why interest rates have stayed low for 11 years longer than expected.
It also explains why real wages have fallen and houses have become less affordable, and why these trends will continue indefinitely until we take action.
This theory has been, and continues to be very profitable for predicting global markets. I could make money from it, and you can make money from it, but it will be impossible for us to increase wages or improve housing affordability unless this theory becomes widely understood, so I have chosen to try and go public with the theory.
If you are new to this site, I recommend starting with the introduction. It explains a little about the theory and how I developed it.
The theory is then explained in three parts. It takes about 30 minutes to cover the whole theory, and is written very simply, so that anyone can understand. No advanced economics of the theory is needed.
I have also included a short piece on how to fix the problem, raise wages and make housing more affordable.
If you like my writing so much that you want to read more of it, I will be posting all of my media and writing on my blog.
I hope you enjoy Wealth Economics! If you have any questions or comments you can contact me.
You can also follow my work as it comes out on YouTube, Twitter and Facebook. All pages are @garyseconomics.