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Basic Economic Concepts

When supply outstrips demand: American wine at its lowest price in 20 years!

February 21, 2020 TheCuriousEconomist Basic Economic Concepts, Consumer and Business Behaviour, Economic News, Supply and Demand Comments Off on When supply outstrips demand: American wine at its lowest price in 20 years!

The price of wine is dropping fast in the US as a result of changing patterns in consumer behaviour. Where wine was once the popular choice of alcoholic beverage for many young Americans, demand has […]

US unemployment claims above 1 million
Economic News

Unemployment claims in the US crept above 1 million again through mid-August

August 21, 2020 TheCuriousEconomist Economic News, Government Policy, Inflation and Unemployment, The Labour Market Comments Off on Unemployment claims in the US crept above 1 million again through mid-August

According to data released by the US Labour Department, new unemployment claims for the week ending August 15th stood at just over 1.1 million people, up 135,000 from the week before. This data paints an […]

Container ship from above
Consumer and Business Behaviour

An online shopping boom is fueling ships across the Pacific

September 22, 2020 TheCuriousEconomist Consumer and Business Behaviour, Economic News, Supply and Demand, The Global Economy Comments Off on An online shopping boom is fueling ships across the Pacific

In the last few months, American consumers have been going mad for online shopping, with the result being a buoyant shipping industry across the transpacific. In these coronavirus times, consumer demand for household goods has […]