asterisk2a + commoditization + infrastructure   4

Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression - YouTube
50 year long debt super cycle & credit bubble up-held. Put. // hasnt created inflation because of Globalisation = deflationary! [3bn ppl living on $2/day] Collapse of marginal cost of labour, offsetting inflation pressure of QE/NIRP/credit creation last decades. // Will eventually haunt people back once globalisation has run its way in ~100-75 years & the world is actually flat. energy cost 0, marginal cost 0, economics of abundance. // // min 23 AND because of this deflationary pressure of globalisation, excess capacity, etc lead to wage stagnation & or pressure to work 4 less (Contractor, Werkvertrag, Zeitarbeit, self-employment, Zero Hour Contract, outsourcing) and longer, in western world. Leads inevitably 2 being pushed into recession & avoiding that authorities always pushed button 4 more credit. Credit growth prevented western world not 2 be pushed into recession in last decades. 2010 Private Sector cant drive recovery! Massive Gov stimulus needed +10 years, not austerity!
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september 2015 by asterisk2a
El-Erian: This Is Not 1998 or 2008 - YouTube
it is a repricing. a correction. prices got too far away (reflation of equity & co through ZIRP, NIRP, QE, speeches, plus hunt for yield & FOMO). It just happened to be China being the trigger, the wake-up call - very loud wake-up call - bc of its economic size and heft. (taper talks 2015 that made equity already nervous, and bond holders too, was too timid). Reality check. // Was it justified, yes. // In the long-run, we are all dead. And in the long-run things will, eventually, correct itself. // People may take now into account a new normal, lower interest rate environment, lower global growth, lower yields, lower inflationary pressures, lower dividend payments, more work that corporates (crony capitalism) need to do to squeeze out that earnings growth especially in the western world. inequality - low wage growth/stagnation - less discretionary spending on non-essential items (in the western world). & "realization that policy tools were less effective". &! bv.ms/1NFsFUn
reflate  reflation  hunt  for  yield  ZIRP  NIRP  QE  asset  allocation  equity  bubble  speculative  bubbles  speculative  speculation  secular  stagnation  New  Normal  asset  bubble  bubble  bond  bubble  bubbles  distortion  economic  history  trickle-down  economics  recovery  UK  USA  Europe  dogma  ideology  austerity  fiscal  policy  fiscal  stimulus  Richard  Koo  Japan  lost  decade  lost  generation  balance  sheet  recession  deleveraging  savings  rate  debtoverhang  debt  servitude  sovereign  debt  crisis  faultlines  Structural  Impediments  participation  rate  unemployment  imbalance  Makers  policy  error  policy  folly  macroprudential  policy  microeconomic  policy  monetary  policy  monetary  theory  unconventional  monetary  policy  monetary  transmission  mechanism  monetary  system  STEM  industrial  policy  Manufacturing  competitiveness  globalisation  globalization  flat  world  commodity  business  commoditization  borderless  deflationary  deflation  Software  Is  Eating  The  Marketplace  mobile  homescreen  mobile  phone  mobile  first  Smartphone  Revolution  2.0  energy  price  Oil  price  inflation  expectation  wage  stagnation  wage  growth  productivity  output  gap  underinvestment  Gini  coefficient  inequality  income  mobility  social  mobility  productive  investment  IMF  OECD  developed  world  emerging  emerging  growth  investment  midd 
august 2015 by asterisk2a
Uber’s drivers are employees, not “contractors”: California labor commission ruling | PandoDaily
[ Uber is not a stakeholder in the local economy and does not share economic interest of the population at large. Uber = privatization of public/private transportation. an option for convenience. trading money for time and convenience ] Uber’s business model—skim profits off drivers, while avoiding the expenses that come with hiring drivers as employees—just suffered a major blow: the California labor commission has just ruled that Uber’s drivers are, in fact, employees, not contractors. Uber, which has seen its valuation soar to over $50 billion, can no longer claim that it is just a nifty little app that happens to pair up micro-entrepreneurial drivers and consumers, thereby avoiding the expenses and laws that other transportation and logistics companies have to bear. The ruling will significantly impact Uber’s valuation, now that they’ll have to pay and treat their drivers like employees.
Uber  1099  Economy  marketplace  efficiencies  marketplace  self-employment  precarious  work  Precariat  working  poor  Wall  Street  profit  maximisation  shareholder  value  crony  capitalism  exploitation  commodity  business  commoditization  public  transportation  transportation  public  utility  utility  infrastructure  infrastructure  investment  Software  Is  Eating  The  World  autonomous  car  self-driving  cars 
june 2015 by asterisk2a
Desertec: Wüstenstrom-Projekt DII für Erneuerbare Energie vor dem Aus - SPIEGEL ONLINE
.... Europe has to step in. Capitalism sees no need to put that money now in long-term when profit margin sinks over the long-term as energy prices may sink over the long-term because energy (renewable energy) becomes commodity ... cheaper. with marginal revenue/profit. thus making it impossible to turn 15-20% ROI over the long-term. This became untenable for investors as they explored the project.
Desertec  infrastructure  investment  renewable  energy  business  investment  ZIRP  short-term  thinking  short-term  view  Wall  Street  profit  maximisation  corporatism  Europe  crony  capitalism  capitalism  commoditization  commodity  business  ROI  social  cohesion  Public  Policy  utility  shareholder  value  shareholder  democracy  Democratic  Process  Policy  Makers  error  folly 
october 2014 by asterisk2a

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