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(2195) Mark Blyth Telling The US Senate That Austerity Policy Is Wrong - YouTube
Mark Blyth & Makers v Takers & Erbschaft & asset & capital tax // wolfgang schäuble George Osborne David Cameron // >> Growth cures debt, cuts / austerity causes debt!!!
Mark  Blyth  UK  USA  Austerity  taxation  corporate  corporatism  welfare  state  NHS  income  tax  GFC  asset  capital  recovery  underinvestment  secular  stagnation  bond  bubble  economic  history  ZIRP  NIRP  QE  BOE  productivity  budget  Super  Rich  Plutocracy  trickle-down  Oligarchy  1%  10%  profit  maximisation  shareholder  immigration  gini  Coefficient  FX  Forex  confidence  fairy  globalisation  evasion  avoidance  HMRC  bank  bailout  badbank  bad  Schuldenbremse  Fiscal  Pact  David  Cameron  George  Osborne  Wolfgang  Schäuble  Angela  Merkel  PIGS  Policy  IMF  BIS  ECB  Fed 
july 2017 by asterisk2a
Scots firm introduces six hour working day (From Herald Scotland)
A marketing firm has become the first company in Scotland to introduce a six hour working day for its staff after being inspired by Sweden. The scheme, which was introduced by Glasgow firm Senshi allows staff to work from 9.30am to 3.30pm instead of the traditional 9am-5pm. The new working hours, which the firm launched this month, aim to improve staff wellbeing and efficiency. [...] "I think people are too stressed these days and the average working day is far too long. "When you do an eight-hour day, you don't work the full eight hours, your mind is incapable of concentrating for that amount of time. So we have been trialling it for the past few days and so far so good." Under the new scheme, staff at Senshi, who were nominated for a Herald Digital Business Award in 2015, take five minute screen breaks every 45 minutes and take a 30 minute lunch.
6-hour  work  day  productivity  well  being  burnout  mental  health  sedentary  lifestyle  4-day  work  week  badbank  badbanks  zombie  banks 
march 2016 by asterisk2a
Beware the Minuses of Negative Interest Rates
Whether sub-zero interest rates actually work is open to debate, however. So says Richard Koo, the chief economist of the Nomura Research Institute. “In my view,” he writes, “the adoption of negative interest rates is an act of desperation born out of despair over the inability of quantitative easing and inflation targeting to produce the desired results.” The failure of the BOJ and the ECB to meet their inflation and growth goals is shared by the Federal Reserve and the Bank of England. None of these central banks understand that their textbook solutions don’t fit the real economy, Koo asserts. [...] And on a more practical level, why corporations sit on record hoards of cash (taxes aside). [<< macro prudential policy ] //&! “When no one is borrowing money, monetary policy is largely useless.” [...] Keynes was right and (Milton) Freidman was wrong. - bit.ly/1Kl07Ri & There is no Confidence Fairy //&! fam.ag/1ogOOiM & bit.ly/1LpJL4W & bit.ly/1VgSjAB & bit.ly/214Icm3 & bit.ly/1Kl228n
secular  stagnation  emerging  middle  class  demographic  bubble  ageing  population  western  world  ZIRP  NIRP  QE  distortion  liquidity  trap  New  Normal  financial  repression  GFC  economic  history  Richard  Koo  consumer  debt  squeezed  middle  class  household  debt  credit  card  debt  car  loan  business  confidence  consumer  confidence  student  loan  debt  student  loan  Super  Cycle  debt  servitude  mortgage  market  asset  bubble  speculative  bubbles  hunt  for  yield  hot-money  equity  bubble  bond  bubble  property  bubble  credit  bubble  BRIC  China  student  debt  disposable  income  discretionary  spending  Frontier  Markets  emerging  market  UK  USA  Europe  Japan  Abenomics  Niall  Ferguson  Paul  Krugman  Joseph  Stiglitz  Gini  coefficient  inequality  income  inequality  income  distribution  income  mobility  wage  stagnation  income  growth  tax  evasion  tax  avoidance  Wall  Street  profit  maximisation  shareholder  value  underinvestment  austerity  productivity  output  gap  public  investment  productive  investment  infrastructure  investment  business  investment  STEM  R&D  competitiveness  Robert  Reich  balance  sheet  recession  deleveraging  debtoverhang  zombie  banks  zombie  corporations  zombie  consumer  macroprudential  policy  miltonfriedman  JohnMaynardKeynes  keynes  Keynesianism  Fiscal  Pact  policy  monetary  policy  Schuldenbremse  unconventional  monetary  policy  QT  Taper  money  supply  money  ve 
february 2016 by asterisk2a
The new European Union | Credit Writedowns
[ EU banking system was too big to bail in case Greece and else would default even in parts on some of its debt and or make no or delay repayment with interest in full ] In conclusion, the conditions asked of Greece are not likely to be met, because they cannot be met. Greece will be blamed for not living up to its commitments, as it has been this time around. Yet, somehow, the notion of asking for the impossible from a country that has no choice but to sign is fundamentally perverse. [...] The mistake was to break the no-bailout clause that was designed to make sure the Eurozone would not find itself in this position. For selfish reasons (i.e. preventing a bank crisis in Europe and the US), Greece was convinced to accept the first bailout in 2010.
Greece  bank  bailout  banking  crisis  bank  crisis  investment  banking  retail  banking  TBTF  too  big  to  jail  too  big  to  bail  European  Union  Positioning  ECB  Career  Politicians  lobbyist  lobby  Lobbying  crony  capitalism  corporate  scandal  austerity  accounting  scandal  bailout  bail-in  Cyprus  of  Cyprus  deposit  haircut  deposit  levy  fairness  Generationengerechtigkeit  Wall  Street  profit  maximisation  shareholder  value  economic  history  fiscal  policy  monetary  policy  Basel3  banking  fractional  reserve  banking  EuropeanSystemicRiskBoard  GFC  recovery  Debt  Super  Cycle  Privatisation  ideology  dogma  PIIGSFB  PIGS  PIIGS  France  Germany  Bundesbank  trichet  Jens  Weidmann  Angela  Merkel  Peer  Steinbrück  corruption  blackmail  josefackermann  ackermann  Deutsche  subsidies  subsidizing  Mark  Blyth  social  contract  social  tension  social  cohesion  constituency  Nationalizing  badbank  badbanks  restructuring  monetary 
october 2015 by asterisk2a
(2012/13) After the Financial Crisis: How to Tell the Forest from the Trees - YouTube
"Profits are privatized while losses are socialized. How we got here, and how we can get out of this situation." // min20 - UK debt2GDP 2008, +100% Debt on Banks Balance Sheet, ~100% Household Debt, +100% Nonfinancial institutional/corporate Debt, <50% Gov Debt ( bit.ly/1u6QiLP ) risen to <80% Gov Debt2GDP bc of Bank Bailout. ( gross national debt has been rising, unable to pay down because of lack of growth, turning Japan - bit.ly/1f7UNyp ) // It is still a banking crisis. Especially in Europe. Not a sovereign debt crisis. Greece situation made much worse because of austerity. // min 32 - talks about China! China's Assets and Liabilities. 70% of global consumption is US/EU. [but shifting!] From CDO example, China correlates with US/EU vice versa! Chinese property bubble & equity bubble, came 2 an end this Summer 2015! The crisis began w banks & will end w banks! The crisis is still with us. The banks, stupid! // investment banking bust bc of low yields across all public asset classes
Mark  Blyth  austerity  GFC  recovery  2015  economic  history  bank  bailout  sovereign  debt  crisis  Greece  PIIGSFB  zombie  banks  liquidity  trap  ECB  UK  BOE  Fed  USA  China  faultlines  structural  imbalance  Impediments  global  imbalances  savings  rate  savings  glut  shadow  banking  investment  banking  banking  crisis  European  Union  hunt  for  yield  reflate  reflation  ZIRP  NIRP  QE  bond  bubble  speculative  bubbles  asset  bubble  asset  allocation  toxicassets  badbank  policy  error  too  big  to  bail  too  big  to  jail  toobigtofail  TBTF  Richard  Koo  trust  distrust  trustagent  Insolvenzverschleppung  insolvency  insolvent  underinvestment  productive  investment  business  confidence  consumer  confidence  deflationary  deflation  secular  stagnation  globalization  globalisation  hot-money  currency-war  currency  debasement  currency  war  business  investment  New  Normal  margin  trading  demographic  bubble  property  bubble  equity  bubble  ageing  population  western  world  emerging  middle  class  Frontier  Markets  Developing  BRIC  emerging  market  IMF  OECD  credit  bubble  inequality  Gini  coefficient  Thomas  Piketty  poverty  social  mobility 
august 2015 by asterisk2a
Of Spain's "Bad Bank" Foreclosed Properties, Only 6,000 Of 83,000 Units Have Tenants | Zero Hedge
Nearly all of the foreclosed properties in its portfolio are empty, including apartment blocks far outside big cities. Only 6,000 of nearly 83,000 housing units have tenants.
badbank  banking  crisis  Spain  NPL  property  bubble  bank  crisis  zombie  banks 
may 2013 by asterisk2a
Germany fires cannon shot across Europe's bows - Telegraph
German President Christian Wulff has accused the European Central Bank of violating its treaty mandate with the mass purchase of southern European bonds.
germany  ECB  badbank  sovereign  debt  crisis  PIIGS 
august 2011 by asterisk2a
Bundesbank questions legality of EU bail-outs - Telegraph
Germany's Bundesbank has issued a blistering critique of EU bail-out policies, warning that the eurozone is drifting towards a debt union without "democratic legitimacy" or treaty backing.

"The latest agreements mean that far-reaching extra risks will be shifted to those countries providing help and to their taxpayers, and entail a large step towards a pooling of risks from particular EMU states with unsound public finances," said the bank's August report.It said an EU summit deal in late July threatens the principle that elected parliaments should control budgets. The Bundesbank said the scheme leaves creditor states with escalating "risks and burdens" yet no means of enforcing fiscal discipline to make this workable.
democracy  deficit  angelamerkel  2011  August  bailout  PIIGS  EFSF  ESM  bundestag  germany  constitution  transferunion  europe  EMU  ECB  badbank 
august 2011 by asterisk2a

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