asterisk2a + dogma + china + psychology   1

Robert J. Shiller: "Are We Headed for Another Financial Crisis?" (final edition, as of MAR 8) - YouTube
3rd ed adds bond market. where richard koo explains bond prices are a symptom of the balance sheet recession as is "deflationary." // liquidity trap // predicting turning points is bad business - highlighting fundy skew is easy. // equity bubble BURST? no. bond bubble BURST? no. how abt unreasonable higher interest rates for businesses bc of Taper from Fed long dated bonds into illiquid market. like Koo argues as possibility, which would depress gdp growth further bc of higher capital cost than the economy fundy actually would demand. contributing 2 the secular stagnation. // Other case: Crash of China (too much of a good thing, irrational exuberance) & Western Central Banks have no means 2 ease further & Career Politicians have no guts 2 actually pull out the guns for once 4 intelligent fiscal stimulus w a long-term view (no white elephants & bridges 2 nowhere). // 19:30 status anxiety, Sozialer Abstieg, everyone for himself, austerity, inequality, Software, etc = secular stagnation
Robert  Shiller  financialcrisis  GFC  economic  history  book  recovery  ZIRP  NIRP  QE  credit  bubble  equity  bubble  property  bubble  speculative  bubbles  speculative  speculation  psychology  confidence  irrational  exuberance  animal  spirit  austerity  Fiscal  Pact  Schuldenbremse  ideology  dogma  economic  model  financial  crisis  housing  market  UK  USA  China  Japan  Richard  Koo  deflationary  hunt  for  yield  sustainable  sustainability  Richardkoo  balance  sheet  recession  deflation  secular  stagnation  negative  real  interest  rate  Taper  BOJ  BOE  Fed  ECB  sovereign  debt  crisis  monetary  policy  monetary  system  monetary  stimulus  unconventional  monetary  policy  monetary  transmission  mechanism  monetary  theory  modern  monetary  theory  policy  stimulus  crony  capitalism  mainstreet  Wall  Street  exploitation  uncertainty  deleveraging  savings  rate  business  investment  Sozialer  Abstieg  inequality  income  inequality  tax  code  capital  gains  fairness  Software  Is  Eating  The  World  consumer  confidence  business  confidence  public  investment  productive  investment  personal  investment  underinvestment  infrastructure  investment  socioeconomic  status  status  anxiety  social  status  zombie  consumer  zombie  corporations  zombie  banks  Gesellschaft  solidarity  society  soziologie  sociology  worry  squeezed  middle  class  precariou 
july 2015 by asterisk2a

related tags

Abstieg  animal  anxiety  austerity  balance  banks  BOE  BOJ  book  bubble  bubbles  business  capital  capitalism  China  class  code  complexity  confidence  consumer  corporations  credit  crisis  crony  debt  debtoverhang  deflation  deflationary  deleveraging  dogma  Eating  ECB  economic  equity  expectation  exploitation  exuberance  fairness  Fed  financial  financialcrisis  Fiscal  for  gains  Gesellschaft  GFC  history  housing  hunt  ideology  income  incomplete  inequality  inflation  information  infrastructure  interest  investment  irrational  Is  Japan  Koo  liquidity  mainstreet  market  mechanism  middle  model  modern  monetary  negative  NIRP  Pact  personal  policy  poor  precarious  productive  property  psychology  public  QE  rate  real  recession  recovery  Richard  Richardkoo  Robert  savings  Schuldenbremse  secular  sheet  Shiller  social  society  socioeconomic  sociology  Software  solidarity  sovereign  Sozialer  soziologie  speculation  speculative  spirit  squeezed  stagnation  status  stimulus  Street  sustainability  sustainable  system  Taper  tax  The  theory  transmission  trap  UK  uncertainty  unconventional  underinvestment  USA  Wall  work  working  World  worry  yield  ZIRP  zombie 

Copy this bookmark: