asterisk2a + disequilibrium   6

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
Josh Kopelman drops some knowledge on all you “private IPO-loving” unicorns | PandoDaily
[some type of investors use past experiences and results (FB) for putting money into growth rounds, into unicorns late past D. Very Different than LinkedIn - which had a base and profitability at IPO and continued to grow naturally with product going forward. Or Google.] Tomasz Tunguz entitled “The Runaway Train Of Late Stage Fundraising” in which the Redpoint Ventures partner tracks what he calls the frenetic state of the private market. Among the data points used by Tunguz to make that point “that the current investment levels aren’t yet justified by the exit environment,” is one tidbit tweeted out by Kopelman: 231 companies raised more than $40 million in growth rounds in 2014, by comparison, 240 venture capital-backed IT companies have gone public in the last 10 years. [...] by taking tons of venture money and avoiding an IPO, startups (mostly who proudly tout their unicorn status and $1 billion plus valuations) are avoiding sucking out loud.
Unicorn  growth  round  Venture  Capital  hunt  for  yield  SPV  distortion  Wall  Street  QE  ZIRP  NIRP  complexity  unintended  consequences  incomplete  information  Silicon  Valley  IPO  equity  bubble  bond  bubble  savings  glut  productive  investment  private  market  disequilibrium 
april 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
Deutsche-Bank-Chef Fitschen fordert Ende der Niedrigzinsen - SPIEGEL ONLINE
"Es ist in der Tat sehr wichtig, den richtigen Weg zur Umkehr zu finden, um nicht sofort den nächsten Kollaps zu provozieren." Der Grat sei sehr schmal. "Alle aber sind sich einig: Die Zinsen können dauerhaft nicht so bleiben, weil sonst die nächsten Verwerfungen die Folge sind", sagte Fitschen.
QE  NIRP  monetary  policy  disequilibrium  bubbles  unintended  consequences  debt  monetisation  equilibrium  ZIRP  bubble  banking  crisis  artificial  demand  toobigtofail  bank  crisis  speculative  bubbles  centralbanks  debt  monetization  Free  Lunch 
may 2013 by asterisk2a
BBC News - George Osborne warned by MPs over mortgage guarantee risks
Mr Osborne has said the housing market is still not functioning properly after the 2008 financial crisis, with the number of purchases by first-time buyers down 40% in the past five years. [...] >> haven't they learned anything? subprime and house price bubble created itself by state guarantees introduced by gwbush to push home owner ship. - history doesn't repeat, but rhymes - market prices though information. distortion by brining in more normally ineligible buyers. - Osborne tackling an effect of income stagnation and excessive inflation + zombie consumers and zombie banks. First-time buyers unable to put up deposit. >> http://www.zerohedge.com/news/2013-03-20/uk-discloses-home-purchase-subsidy-part-its-latest-2013-budget
microeconomic  policy  monetary  policy  complexity  asset  bubble  Mark  Carney  monetary  theory  reflation  unintended  consequences  zombie  banks  liquidity-trap  distortion  davidcameron  BOE  subprime  political  folly  policy  folly  QE  2013  Plan  B  short-term  thinking  microeconomics  disequilibrium  economic  history  gwbush  mortgage  fraud  UK  error  equilibrium  fanniemae  unconventional  monetary  policy  ZIRP  austerity  USA  housing  bubble  zombie  consumer  mortgage  market  MervynKing  subsidies  freddiemac  economics  Funding  for  Lending  Scheme  GeorgeOsborne  subsidizing 
april 2013 by asterisk2a
Ökonomen-Konferenz Hongkong: Warum wir immer mehr wollen - SPIEGEL ONLINE
Je größer unser Wohlstand, so das Fazit, umso größer der Anteil unserer Ausgaben, mit denen wir lediglich anderen Menschen nacheifern. [...] Werber wissen intuitiv: Das Versprechen von Status ist eines der wichtigsten Verkaufsargumente überhaupt. [...] Nachahmungstheorie des Kulturwissenschaftlers René Girard: Für ihn zählt der Drang von Menschen, andere in ihrem Verhalten zu imitieren, zu den Grundlagen der Zivilisation. [...] Wie Finanzmärkte neigen auch Konsumgütermärkte zu Spekulationsblasen >> Angewandt auf die Wirtschaftswissenschaften führt Girards Theorie zu beunruhigenden Erkenntnissen: Märkte für Konsumgüter tendieren nicht automatisch zu einem Gleichgewicht von Angebot und Nachfrage, wie gemeinhin angenommen, sondern zu einem immerwährenden Ungleichgewicht. "Ohne Knappheit gäbe es keine Nachfrage." ( http://www.youtube.com/watch?v=-eusHpPO0fI ) - Plays well into anthropology, evolution. Google "chimpanzee imitation"
complexity  advertising  speculative  bubble  western  lifestyle  Jean-Pierre  Dupuy  status  quo  middleclass  status  marketing  INET  society  microeconomics  disequilibrium  philosophy  advertisement  social  science  peterthiel  equilibrium  Nature  evolution  social  study  bubble  René  Girard  imitation  zombie  consumer  economics  western  society  consumerist  culture 
april 2013 by asterisk2a

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