jomichell.bsky.social
Professor of economics at UWE Bristol. Chair of Post-Keynesian Economics Society. Progressive Economy Forum council member. Official OBR messenger shooter 🚨. https://people.uwe.ac.uk/Person/JoMichell
👤 Joined on 12 August 2023
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my own children can attest to this. My daughter is a final year undergrad and has repeatedly found that people don't want to generally socialise but they also find people make plans and then have 'no energy' and bail at the last minute - regardless of who's making those plans and who's involved
Show Postgoing to entertainment venues with friends is holding up, but was probably an occasional thing for a lot of people - big concerts etc, cinemas etc. It's restaurants, bars and clubs that have taken a big hit, both solo and in groups That would point to.... cost of living?
Show PostSo looking at these charts, there's been no decline in going to the gym with friends; minor decline in going to entertainment venues with friends; significant decline in going to restaurants/bars/clubs, both alone and with friends; moderate decline in sports with friends, huge rise in solo sport
Show PostLots of cases in history where emerging market defaults set off systemic crises. Happened in 1870s with Turkish and Egyptian debt. Ultimately anything that effects large enough losses on levered players can do it.
Show PostCouldn't agree more! Went to see Breathless earlier this year and I hated it so much it still hurts to think about
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