asterisk2a + economist   19

What Really Caused the Crisis and What to Do About It - YouTube
"There are not perfect markets, and there is no perfect planner. [...] we will never arrive at perfect solutions. [...] market will never allocate perfectly ... [...] market will always tend to lend to property and land, and less into productive means (businesses = risk of 100 loss, land or property ... you have a loss when you sell it. << China, UK ) [...] not all credit is good credit. [...] need for macroprudential policy to dampen bubbles bc rate hikes could dampen normal non-speculative area of economy. ie loan to value limits [...] interest rate setting is blunt hammer that people though is the magic wand along the line of self-regulation, free market, neoliberalism and trickle-down [...] GFC can be traced back to the 60-70's - macroecon + micro with absurd assumptions (ie rational expectations, equilibriums, no bubbles) & math & pure theoretical base (no empirical analysis ie of what banks really do ie greed) = makes job of economist as policy advisor real easy.
bank  crisis  JohnMaynardKeynes  keynes  Keynesianism  book  Richard  Koo  aggregate  demand  austerity  liquidity  trap  deleveraging  balance  sheet  recession  debtoverhang  GFC  recovery  secular  stagnation  western  world  dogma  ideology  underinvestment  productive  investment  infrastructure  investment  monetary  policy  monetary  theory  trickle-down  economics  neoliberalism  neoliberal  budget  deficit  economic  history  credit  bubble  output  gap  productivity  inflation  targeting  nominal  GDP  targeting  asset  allocation  economics  investment  banking  zombie  banks  retail  banking  financial  product  CDS  CDO  hunt  for  yield  VAR  risk  aversion  deflationary  deflation  ZIRP  NIRP  QE  debt  monetisation  debt  monetization  Glass-Steagall  self-regulation  regulators  regulation  leverage  margin  trading  property  bubble  arbitrage  speculative  bubbles  asset  bubble  UK  USA  Europe  ECB  Fed  BOE  zombie  consumer  squeezed  middle  class  zombie  corporations  NPL  junk  bond  realestate  macroprudential  policy  mortgage  market  equilibrium  disequilibrium  Economist  economists  Adair  Turner  hayek 
february 2016 by asterisk2a
Das Paradox - brand eins online
Die Menschen leben in einer modernen Ökonomie, aber sie denken und handeln oft noch nach überholten Regeln. Ein Gegensatz, der Ärger schafft.
economics  paradox  paradox  of  choice  consumer  choice  status  anxiety  materialism  zombie  consumer  behavioral  economics  behavioral  finance  organizational  behavior  Group  behaviour  behavior  Economist  sociology  psychology 
october 2015 by asterisk2a
Everything You Need To Know About iOS 9’s New Content Blockers | TechCrunch
Ben Thompson: Apple Enables Ad-Blockers - http://exponent.fm/episode-048-an-exhausting-week/ --- is apple nudging content providers to point people to the native app?! as mobile web gets better!? and bandwidth and coverage better!? --- under the cover of Privacy and user experience! --- with the exception of its own ad-network iAD, sure. // what a move. // &! The adblocking revolution is months away (with iOS 9) – with trouble for advertisers, publishers and Google - bit.ly/1UfXjsT &! bit.ly/1MxoHge // &! Apple, has made Content Blocking “official”, ad-supported publishing business models are in trouble. [...] [PAGEVIEWS as business model] Too many sites are just echo chambers, they rewrite news releases, add strong adjectives and adverbs, and a bit of spin. [news is free, analysis and perspective not] - bit.ly/1Fe6u0D //&! tcrn.ch/1UCagrA - Begun, The Mobile Ad-Blocking Wars Have [...] increasing bloatware of online advertising. &! tcrn.ch/1O0VcoI << ad business model not working!!!
AdBlock  iOS  Safari  Apple  iAd  Platform  user  experience  Internet  Privacy  Privacy  perma-cookie  cookies  tracking  advertisement  re-targeting  advertisement  targeting  Apple  App  Store  mobile  web  HTML5  corporate  strategy  corporate  media  PR  public  relations  spin  doctor  Silo  TOS  EULA  corporate  culture  corporate  values  Wall  Street  profit  maximisation  shareholder  value  ecosystem  Facebook  content  blocker  business  model  pageviews  journalismus  investigative  journalism  journalism  BuzzFeed  Huffington  Post  AOL  Yahoo!  Page  Rank  Google  News  Google  Search  publishing  2.0  newspaper  newspapers  paywalls  paywall  subscription  model  freemium  Print  is  Dead  jeffjarvis  Vox  Washington  Post  Insider  Linkbait  linkbaiting  click  bait  Clickbait  NYT  NYTimes  New  York  Times  Pando.com  PandoDaily  Facebook  Instant  Articles  The  Economist  Financial  Times  The  Guardian  Android  Google  Chrome  Google  Inc.  AdSense  AdWords  pre-roll  Programmatic  Programmatic  Advertising  Outbrain  mobile  ads  native  content  marketing  MoPub  Flurry  Zero  Rating  Wireless  Carrier  ISP  Net  Neutrality  Adobe  Flash  customer  experience  friction  frictionless  commodity  business 
august 2015 by asterisk2a
Credit Booms & Credit Busts - YouTube
// financial cycle twice as long as business cycles (which is on top, like an inverted pyramid). // financial markets are not self-stabilising // better make policy on caution, that if you don't act you will cause more long-lasting economic damage by curbing one obvious bubble not in (ie uk property bubble - people who have difficulty serving their interest payment) // QE does not facilitate loan growth in times of balance sheet recession - Richard Koo // QE is reflationary and currency war, downside size unknown - look Richard Koo, state has to pick-up shortfall of demand // // There is now a growing consensus among policymakers and academics that a key element to improve safeguards against financial instability is to strengthen the “macroprudential” orientation of regulatory and supervisory frameworks. [Dr. Claudio Borio @ BIS], one could even say that “we are all macroprudentialists now”. And yet, a decade ago, the term was hardly used. What does it mean?
BIS  equity  bubble  speculative  bubbles  credit  bubble  asset  bubble  property  bubble  macroprudential  policy  macroeconomic  policy  ZIRP  NIRP  QE  Taper  unintended  consequences  unknown  unkown  complexity  bond  bubble  Student  Loan  debt  debt  regulation  oversight  governance  BOE  simplicity  incomplete  information  academia  academics  economist  behavioral  economics  behavioral  finance  economic  history  systemicrisk  EuropeanSystemicRiskBoard  financial  market  sustainable  sustainability  mortgage  market  UK  USA  China  speculative  speculation  contagion  monetary  policy  unconventional  monetary  policy  monetary  theory  modern  monetary  theory  credit  boom  financial  cycle  Makers  policy  folly  policy  error  Career  Politicians  short-term  thinking  short-term  view  political  economy  political  theory  centralbanks  economic  damage  economic  model  Richard  Koo  animal  spirit  austerity  monetary  transmission  mechanism  robertshiller  Robert  Shiller  ideology  dogma  sovereign  debt  crisis  populism  corporate  state  manufactured  consent  Lügenpresse  BOJ  Fed  currency  war  currency  debasement  ECB  negative  real  interest  rate  Japan  hunt  for  yield  irrational  exuberance 
july 2015 by asterisk2a
IMF Slams Germany, Says Greece "Needs Debt Restructuring" | Zero Hedge
on the ticker. IMF'S LAGARDE SAYS DEBT RESTRUCTURING NEEDED IN GREECE. IMF'S LAGARDE SAYS FUND REMAINS 'FULLY ENGAGED' WITH GREECE. IMF'S LAGARDE SAYS IMF CANNOT GIVE GREECE SPECIAL TREATMENT // Earlier today, confirming that Germany sternly refuses to change its tune about a Greek debt haircut or even a debt "reprofiling" of Greece and would not budge an inch on Tsipras tacit request for at least some debt leeway, we reported that "the German government does not see any reason to grant Greece either a classic debt haircut or any other measures that would slash the value of money on loan to the crisis-ridden country, a spokesman for the finance ministry said on Wednesday." // IMF has admitted it was wrong to advocate for austerity, now IMF admits it was wrong to hope that its approach (together with Troika) would help Greece. // an economic model is an economic model, not the real world and especially not able to predict the future. // "Alternativlos."
Grexit  sustainable  sustainability  Greece  PIGS  sovereign  debt  crisis  debt  jubilee  haircut  debt  restructuring  ChristineLagarde  economic  history  austerity  ideology  dogma  academia  KennethRogoff  carmenreinhart  academic  economic  model  economist  economics  economic  damage  neoliberal  neoliberalism  liberal  economic  reform  Troika  IMF  ECB  MarioDraghi  BuBa  Jens  Weidmann  Angela  Merkel  Wolfgang  Schäuble  Germany  France  FrancoisHollande  European  Union  Yanis  Varoufakis  Alexis  Tsipras  referendum  Career  Politicians  No  Representation  society  bailout  zombie  banks  Gesellschaft  fairness  GFC  recovery  European  Syriza  Podemos  Indignants  Indignados  lost  generation  lost  decade  trust  trustagent  Protest  Partei  Protest  Party  symptom  voter  turnout 
july 2015 by asterisk2a
The Ashcroft Interviews: Money, Blood & Revolution - YouTube
George Cooper - broken economics << is in crisis. is not offering useful guidance for policy makers because of so much conflicting views that are taken at time and voiced at times very violently. "economics is akin to astrology." ... QE will create bigger future recession. &! neoclassical = trickle-down/trickle-through &! economics teaches you a wrong view / looking glass &! neoclassical view - getting richer and richer. is that really true? &! maintaining status quo &! self-interest &! Marx says capitalism is polarising
book  economics  economist  GFC  academia  academics  centralbanks  equilibrium  disequilibrium  QE  debt  monetization  debt  monetisation  monetary  policy  unconventional  monetary  policy  debt  bubble  sovereign  debt  crisis  Super  Cycle  debt  jubilee  debt  restructuring  balance  sheet  recession  debtoverhang  debt  overhang  Gini  coefficient  income  inequality  inequality  social  cohesion  trickle-down  economics  liquidity  trap  Philosophy  LTRO  TLTRO  education  policy  social  mobility  income  mobility  fairness  tax  evasion  tax  avoidance  downward  mobility  social  safety  net  austerity  Makers  policy  folly  policy  error  Career  Politicians  Lobbying  lobbyist  lobby  Super  Rich  1%  Wall  Street  crony  capitalism 
march 2015 by asterisk2a
Learn To Code, Learn To Think : 13.7: Cosmos And Culture : NPR
policy to push to learn to write, read, understand code and systems. design thinking. problem solving. early on as soon as yound ppl are literate ~12-14. - higher productivity - + 3D printing future in 30 years ... future of 30-35hr work week - 5-6hrs a day. THE REAL NEW ECONOMY. 90's New Economy was hyped by exuberance and ... different topic. But this is the outline of the real new world, new economy. ( robert skidelsky in praise of leisure ) when the world is flat - 2050. baring any other crisis being solved ala climate change and ecological disasters. man made or ie earthquake swallowing california, canarie islands exploding creating huge tsunami, yosemite exploding, etc etc. - baring also - that we fix inequality problems, reducing the divide. fostering better democratic process, transparency and accountability - instilling trust and confidence again in public service.
Year  of  Code  coding  programming  programmers  ethical  machine  systems  design  system  design  skill  skill-biased  technological  change  capital  skills  skills  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  destruction  globalisation  globalization  comparative  advantage  comparative-advantage  competitive  advantage  competitive  competitiveness  Competition  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  education  Higher  formal  education  business  education  education  bubble  Public  Policy  Policy  Makers  error  folly  industrial  fiscal  macroprudential  Career  Politicians  long-term  thinking  21stcentury  productivity  macroeconomic  macroeconomics  microeconomic  microeconomics  3D  printing  Future  optimism  Robert  Skidelsky  academia  economic  history  capitalism  workforce  book  economist  New  Economy  global  digital  digital  natives  digital  divide  Age  knowledge  Commanding  Heights  Politics 
june 2014 by asterisk2a
Bad Models Mistook Housing Bust for Dot-Com Bubble - Bloomberg
The problem with forecasting: it is based on the past, a past model. The world is changing ... every week, every year ...

The problem is that the macroeconometric models used by the Fed -- like those used by the Congressional Budget Office, the White House and others -- had at best a very rudimentary financial sector built into them. As a result, they took into account the macroeconomic impact from the housing bust -- but for the most part didn’t reflect the concentrated loss of wealth and degree of leverage in the financial industry.
In other words, the official models effectively ignored the very distinction that Bernanke highlighted as being crucial to distinguishing the housing collapse from the tech bust. And so the models completely missed the recession’s severity.
economic  model  economist  econometrics  subprime  bubble  dotcom  bubbles  academics  academia  economics  forecast  greatrecession  GFC  economic-thought  economic  history 
may 2012 by asterisk2a
We need to keep the stakes and garlic handy - Telegraph
The collapse in aggregate demand is putting sharp downward pressure on pay inflation. There have already been some cases where the workforce has agreed to significant wage cuts to preserve their jobs. The last time such a major change in the climate governing pay happened in the UK was in the early 1990s. Pay inflation came down sharply from 8pc-10pc to 3pc-4pc, where it has remained ever since – until now. To get into mild deflationary territory, pay does not have to fall; it merely needs to rise by less than the rate of productivity growth, with the result that unit labour costs fall. Once you reach that point you have the precondition for deflation, without any help from lower commodity prices or squeezed profit margins.

In most of the developed West, the underlying growth rate of productivity is about 2pc. Accordingly, if the average rate of pay increase falls below 2pc, the conditions will be in place for sustained deflation.
recession  demand  wages  income  scenario  uk  japan  monetary  policy  inflation  deflation  opinion  economist  economy  greatdepression  academic 
october 2009 by asterisk2a
For Today’s Graduate, Just One Word - Statistics - NYTimes.com
“I keep saying that the sexy job in the next 10 years will be statisticians,” said Hal Varian, chief economist at Google. “And I’m not kidding.”

et data is merely the raw material of knowledge. “We’re rapidly entering a world where everything can be monitored and measured,” said Erik Brynjolfsson, an economist and director of the Massachusetts Institute of Technology’s Center for Digital Business. “But the big problem is going to be the ability of humans to use, analyze and make sense of the data.”
statistics  pattern  patterns  google  careers  math  datamining  research  jobs  data  economist 
august 2009 by asterisk2a
CLSA | Home - Asia Pacific Markets
Asia's leading independent brokerage and investment group.
Services are including Research Papers and other Quarterly issues around Asia.
finance  china  stock  jobs  career  economist  job  brokerage  research  papers  reference  asia 
august 2009 by asterisk2a

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