Entries by Matt Nolan

New Year, New Steam Sale

Cross post from Substack I keep receiving emails that Star Wars Squadron is only $2.50. Wild! I love Star Wars, and when I was a kid I loved flying around all the planes and stuff. But why such a big special? And why are lots of computer games on a big sale now? I mean […]

How did our 2023 forecasts go?

Cross posted on Substack. At the close of 2022, Gulnara and I thought it would be fun to pop up some forecasts for 2023. So what were they and how did we do? The forecasts It appears we made four forecasts: Right, nice consistent story – two changes in the underlying economy, two policy responses. […]

Where have all the good Boxing Day sales gone

Cross post from Substack. It’s Boxing Day – and I’ve already used up the idea of discussing the now largely missing Boxing Day sales. And the idea that Boxing Day is increasingly lame is common across years. So instead the focus of today will be on a different industrial economics topic – the state of […]

Unrealised losses, high interest rates, and financial market distress

Cross-posted from substack. I’ve been seeing a lot of the following around the place: Looks pretty scary right – red columns go lower than during the Global Financial Crisis :O However, these big red columns are a bit misleading. The data is true – financial institutions holding government bonds have made large unrealised losses on […]