asterisk2a + sweden   12

Bank of Japan shocks markets by adopting negative interest rates | World news | The Guardian
BOJ shock decision to adopt negative interest rates, in an attempt to protect the flagging economy from market volatility and fears over the global economy. In a 5-4 vote, the bank’s board imposed a 0.1% fee on deposits left with the Bank of Japan (BoJ) – in effect a negative interest rate. The move, which follows the similarly aggressive precedent set by the ECB in June 2014, is designed to encourage commercial banks to use excess reserves they keep with the central bank to lend to businesses. //&! The Disturbing Reasons Why The Bank Of Japan Stunned Everyone With Negative Rates - bit.ly/1UvpOyO - encouraging capex, supporting existing bubbles ie equity and bonds (joining draghi). Citing examples of Sweden and Switzerland with NIRP. And ECB of combining QE and NIRP. Combating China exporting deflation. And keep the pace of JGB purchases, keeping the bubble floating. [A] "last-ditch measure"[.] [I]t may be time to panic. - 2016/2017 //&! Currency War - bit.ly/1QwOGox
ECB  BOJ  ZIRP  NIRP  QE  debt  monetisation  debt  monetization  monetary  policy  monetary  transmission  mechanism  monetary  theory  unconventional  monetary  policy  monetary  stimulus  monetary  system  deposit  levy  MarioDraghi  Abenomics  economic  history  deleveraging  debtoverhang  balance  sheet  recession  GFC  recovery  Yen  Euro  credit  bubble  liquidity  trap  distortion  asset  bubble  asset  allocation  equity  bubble  speculative  bubbles  bond  bubble  property  bubble  debt  bubble  New  Normal  financial  repression  faultlines  global  economy  structural  imbalance  global  imbalances  demographic  bubble  ageing  population  Japan  UK  secular  stagnation  western  world  inflation  expectation  inflation  targeting  nominal  GDP  targeting  deflation  Sweden  Switzerland  China  Yuan  JGB  2016  USA  Europe  sovereign  debt  crisis  austerity  business  confidence  consumer  confidence  Super  Cycle  recession  currency-war  currency  debasement  currency  war 
january 2016 by asterisk2a
The Swedish riots: What really happened?
Various studies have shown that statistics such as these can cause serious problems. Dr Arnold Goldstein, author of The Psychology of Group Aggression, wrote that people often participate in a “mob” due to a feeling of dispossession, “the belief that others are climbing up the economic ladder while oneself is not, or the belief that one’s own earlier economic gains are being lost.” Meanwhile in a 2011 paper entitled “It’s the Local Economy, Stupid! Geographic Wealth Dispersion and Conflict Outbreak Location”  a group of Norwegian academics found that civil conflicts are more likely to occur in areas with low absolute income with large departures from the national average, regardless of whether the country’s per capita GDP is high overall. Unsurprisingly, considering the areas where the riots happened, in Sweden, median household income for non-European immigrants is 36 per cent lower than for native Swedes. 
unemployment  Swedish  Model  society  lostgeneration  economic  history  UK  riot  demonstration  generationy  youth  unemployment  Gini-coefficient  identity  immigration  income  inequality  millenials  occupywallstreet  civil  society  inequality  national  identity  Sweden 
june 2013 by asterisk2a
Britain's threat to Ecuador 'without precedent', says international law expert | The Australian
UK willing to use pseudo loop-hole, nobody knew about before, to get to Assange. Shows what they are willing to do, shows the pressure USA is putting on UK to get this done without a big fuss at length.

"If the United Kingdom revoked the Embassy's diplomatic protection and entered the Embassy to arrest Assange, Ecuador could rightly view this as a significant violation of international law which may find its way before an international court."

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UK is again the puppet of USA. Who isn't!? China, Russia ... and Ecuador.
2012  espionage  julianassange  wikileaks  presidency  barackobama  davidcameron  diplomacy  Australia  Sweden  UK  USA  foreignaffairs 
august 2012 by asterisk2a
Once Again, Its Sweden (Sweden!) Showing the Way | The Big Picture
The Japanese approach — Save the Banks! — is a result of their Keiretsu, and is the model embraced first by the Bush White House, and the Federal Reserve, than by Congress, and lastly by the Obama White House. I have argued this approach is in large part why the post-crisis economy has been so moribund, with sub-par GDP and Employment the rule.

This policy-making error is based on a refusal to take the loss. Indeed, Capitalism recognizes that failure is normal, and denying that, rejecting a fundamental premise of market based economies equals embracing socialized losses caused by the reckless. The approach of Socialism for bankers, Capitalism for everyone else is a philosophy that Keynes, Hayek and Friedman would all heartily reject en masse.

We are presented with a stark simple choice when confronted with a financial collapse. We can save the system or we can save individual banks. Astonishingly, we keep choosing wrongly . . .
japan  sweden  lostdecade  usa  europe  lesson  history  monetary  policy  error  folly  mistake  fiscal  politics  governance  economics  austerity  capitalism  socialism  banking  finance  toobigtofail  bailout 
november 2011 by asterisk2a
Forecaster Ian Shepherdson Sees an End to Economic Gloom - NYTimes.com
HERE are the data that have caught his eye. At this time last year, the total stock of commercial and industrial bank credit was $1.32 trillion; it was contracting at a blistering pace — about $7 billion a week. Indeed, between the peak of such lending in October 2008 and the trough in June of this year, total commercial and industrial bank credit fell by one-quarter.

Now, this contraction has stopped. The data have recently turned positive and should continue climbing, albeit slowly. “Getting to zero is not bullish at the moment,” Mr. Shepherdson said. “I would want to see commercial and industrial credit growing reasonably strongly to an outright positive four, five or six billion dollars a week. The story is really that the credit contraction seems to be coming to an end.”
USA  creditcrunch  history  financialcrisis  lesson  Sweden  2010  2011  outlook  recovery  QE-2.0  Fed  FinancialCrisisInquiryCommission 
november 2010 by asterisk2a

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