asterisk2a + information + crisis + the   3

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
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july 2015 by asterisk2a
Solving the productivity puzzle - BBC News
UK productivity growth (as measured by output per hour worked) has been exceptionally weak since 2008. Productivity growth has actually been weak across the developed economies since the Great Recession but especially so in the UK. Beyond those facts though, there is little agreement. The talk is instead of a "productivity puzzle": solving that puzzle is the key to both a lower government deficit and to higher living standards. [...] [I]t could be that the nature of Britain's recovery explains the low productivity growth. Rather than lower productivity leading to lower real wages (as companies cannot afford to increase pay), it may be that lower real wages have encouraged firms to hire workers rather than investing in new equipment. This could have lowered productivity. [...] Much of it feels more traditionally "sociological" than "economic". // 2nd Industrial Revolution - Software is Eating the World, Self-Employment, contractors, Zero Hour Contracts, etc. &! bit.ly/1aRi7Bw
productivity  output  gap  recovery  GFC  Western  World  UK  Service  Sector  Jobs  Services  Industry  Share  Economy  STEM  Niedriglohnsektor  Manufacturing  Industrial  Revolution  policy  Robotics  deflationary  secular  stagnation  OECD  economic  history  equity  bubble  bond  bubble  ZIRP  NIRP  QE  business  investment  business  confidence  austerity  fiscal  policy  sovereign  debt  crisis  monetary  policy  algorithm  automation  Software  Is  Eating  The  World  borderless  flat  globalisation  globalization  competitive  Europe  USA  China  Asia  BRIC  Russia  Latin  America  digital  precarious  work  working  poor  poverty  squeezed  middle  class  coldprogression  cold  progression  tax  evasion  tax  avoidance  Super  Rich  productive  investment  1%  speculative  bubbles  liquidity  trap  debtoverhang  zombie  corporations  zombie  banks  zombie  consumer  property  bubble  demographic  bubble  complexity  incomplete  information  lost  decade  lost  generation  Abenomics  Japan  uncertainty  distrust  No  Representation  Career  Politicians  trust  trustagent  policy  folly  Wall  Street  shareholder  value  profit  maximisation  academia  sociology  sentiment  consumer  confidence  fear  anxiety  status  anxiety  crony  capitalism  social  co 
april 2015 by asterisk2a
NEA Raises North Of $3B For Its New Fund | TechCrunch
I consistently hear that venture groups raising capital are oversubscribed. That directly implies that the firehose of cash fueling the venture capital and technology markets has yet to abate in any meaningful sense, if at all. The music is still playing, and at a furious pace. But with interest rates at zero and NASDAQ 5,000 back in our norm, who can be surprised? Regardless of how the technology industry apportions the risk created by that level of spend, we can feel secure in the fact that the same risk is concentrated in the private sector. This helps to protect the average person from investing in something more ephemeral than a Snapchat ad. So if it all goes to hell, it’s mostly the rich kids who will take it in the gut. Viva la tech.
hunt  for  yield  ZIRP  NIRP  QE  distortion  incomplete  information  unintended  consequences  bond  bubble  equity  bubble  Private  growth  round  Mutual  Fund  Hedge  Fund  Silicon  Valley  burn  rate  economic  history  savings  glut  productive  investment  Super  Rich  1%  Wall  Street  liquidity  trap  complexity  recovery  GFC  speculative  bubbles  asset  bubble  secular  stagnation  borderless  flat  world  globalisation  globalization  Software  Is  Eating  The  output  gap  Western  productivity  STEM  Robotics  automation  algorithm  AI  artificial  intelligence  marginal  cost  3D  printing  augmented  intelligence  Share  Economy  Services  Industry  service  monetary  policy  austerity  IMF  OECD  debt  bubble  sovereign  debt  crisis  Gini  coefficient  inequality  Career  Politicians  Makers 
april 2015 by asterisk2a

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