@henryfudgeofficial: The only investment that has worked in Britain for 40 years is sitting on an old house. This is the rentier black hole: how property quietly ate the optimal portfolio, the banks followed the collateral, and the factories starved. Germany shows it was never inevitable. Get in loser we’re doing empirical economic data analysis and macro economic studies. #rentierblackhole #ukeconomy #economics #macroeconomics #ukfinance
I know you’ve been waiting for a big chunky nerdy video, here we go, filled with charts and bits. To front run some questions, France isn’t a good control, it’s tourism sector has boomed which crowded out production as a % of GDP, Spain Italy Greece are polluted controls as we saw in 2010-2012 in the Eurozone crisis, they had their own Rentier dynamics going on
2026-06-03 15:38:00
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AnttiR :
Very interesting. The situation in my country (Finland) differs a lot. Apart from the capital city (Helsinki) we don't have inelasticity in housing supply. The communities can even be seen to be in competition for taxpayers and thus are keen to provide buildable land and cooperation for the builders.
2026-06-04 06:33:00
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ruthnwofor | makeup 💄 :
I observed the over-reliance on home & land ownership early in my time in England. I feel this country never really quit the feudal system
2026-06-03 16:31:54
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Blueitt :
the end bit, 'Germany kept building factories, they kept building Mercedes, whilst we just built a buy-to-let portfolio' 💯
2026-06-03 16:15:56
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Todd Hannula :
It’s interesting that bank lending for small businesses has been dire for years and now they want personal guarantees. They want that business investment to act like rentier asset lending. 🤦♂️
2026-06-03 16:43:41
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KiksKikuyu :
Please start an Instagram page so we can repost your content
2026-06-04 13:32:54
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Maximus :
So early it's buffering poorly. Glad to see a deep dive!
2026-06-03 15:51:43
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glitchy_k :
ahhhh and this helps explain why places like Ferguson Marine or British Steel were struggling so much as a private business despite government support. Whereas their futures looked a tiny bit better as a nationalised company because that investment is more guaranteed from a government source than private investors or cooperations
2026-06-03 22:41:28
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vellyd6 :
everything you say is true but it is still a market. You need to build more properties
2026-06-03 16:02:05
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Vicar of Dimbleby 🇪🇺 :
Why do we have Reeves as chancellor when such talent is available?
2026-06-04 10:14:21
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Vaulted Wholesale :
Do you think per your findings it is immoral to go into property, seeing as you get higher returns on property?
2026-06-03 16:58:57
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user57389 :
one of the conditions of the rentier black hole is an inelastic supply.... did this mean the number of homes/property can't increase? can't they build more homes in the uk? (if someone could explain that would be great thank you)
2026-06-04 11:22:14
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Baroieda :
I find the concept of the "rational investor" in economics hilarious
2026-06-05 10:46:23
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DangVarmint 🇬🇧 :
I've thought buy to let mortgages should be outlawed or at the very least very very heavily restricted for some time.
2026-06-03 16:42:19
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dysnomian :
I've really enjoy your communicating about this idea of a rentier asset and how it can warp market incentives.
Do you have any thoughts about how s similar effect occurs with index funds that track the top performing companies?
While yes there are underlying company shares that are productive, if enough of the market ends up in index funds that want the value of the fund to go up rather than the baseline productivity of the companies that make up the index.
Potentially relevant to the huge companies going public atm with huge valuations but no profit yet.
2026-06-04 00:49:51
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Julesw1lko :
I wonder if that’s at all related to the mad bounce back loan during Covid?
2026-06-03 21:58:37
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leduqueshow :
Always informative and entertaining. Economics never sounded easier 💯
2026-06-04 01:35:12
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jikett070792 :
I appreciate that it might only be a factor on the edges, but is the share buy-back frenzy also a factor contributing to lower corporate investment? if a CEO's package is tied to share price then that is a massive incentive not to invest profits productively.
2026-06-03 17:28:50
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usergenerated :
Can you please do a USA market video?
2026-06-03 17:00:00
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AuntyDot :
very good
2026-06-03 20:21:31
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*-Triple 777-* :
Good content and its free. Thanks. 👍
2026-06-03 19:22:08
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jake :
please stop your ambitions to become prime minister i need you as my chancellor… i’ll let you have it after one term 🥹
2026-06-04 00:56:19
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tictactoe🎱 :
I love these theories and wish they where introduced as policy but the ONLY place where it falls down is with human nature, it underestimates personal greed and how people dont like change and stick with what they know..the only way these can get implemented is if we as a society have a big disaster like WW2 ext where NHS and welfare state was introduced...but we live in hope and love this👍
2026-06-12 08:52:59
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unchartedcod32 :
Great video, looking forward to reading on Substack - what platform do you use for your data visualisation?
2026-06-03 23:39:09
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