asterisk2a + productivity + energy   23

'Northern powerhouse' depends on productivity not rail links: thinktank | Business | The Guardian
In this post-referendum vacuum, Carney alone can't save the UK economy - Getting productivity going again will require more investment in innovation and our universities. It means more help for businesses that want to update their production lines, overhaul their IT systems or retrain their staff. Productivity will only improve if the UK addresses its skills shortages with sensible immigration policies and with better training. In an age of economic insecurity, training is key if the march of the robots is not to further exacerbate inequality. Similarly, the UK must get serious about moving to an apprenticeship system that has parity of esteem. - http://bit.ly/29cCmtq
Northern  Powerhouse  Brexit  apprenticeship  apprenticeships  UK  recovery  productivity  productivity  gap  output  gap  economic  history  Manufacturing  household  debt  consumer  debt  student  debt  City  of  London  George  Osborne  Policy  underinvestment  STEM  skills  gap  skills  economy  skills  shortage  structural  unemployment  long-term  unemployment  working  poor  Service  Sector  Jobs  Precariat  Gini  coefficient  inequality  poverty  child  poverty  austerity  infrastructure  investment  London  economies  of  agglomeration  competitiveness  comparative  advantage  competition  competitive  competitive  advantage  global  economy  globalisation  globalization  DWP  Iain  Duncan  Smith  GFC  Steel  Crisis  Steel  Industry  energy  price  University  Germany  education  education  bubble  AI  automation  Robotics  Robots  autonomous  car  self-driving  cars  autonomous  cars  augmented  intelligence 
july 2016 by asterisk2a
Future of Steel - Ken Clarke & Paul Mason - BBC Newsnight
[TORIES CRISIS: bedroom tax, JSA sanctions killing people, Food Banks, redefining child poverty and fuel poverty, Independent Living Fund closed, Housing Crisis, tax cut defeat in Lords, mental health, NHS strikes, Hinkley Point C, energy prices, London Airport expansion/3rd runway, ESA cut, PIP cut and resignation of IDS, Brexit splitting the Party, shit world economy, can't touch triple-lock pensions, Academy plans, Panama Papers (British Territory: Bahamas, Cayman & Co).] Now - Tories are victims to their own policy of underinvestment since 2010 of a future-proof economy "long-term predictability" [BREXIT & austerity not predictable]. Energy prices too high, not competitive. Manufacturing never recovered. Monetary policy has run its course (sedative + Chinas credit bubble). policy folly now wholly exposed! AND now they tinker with the idea of picking winners! LOL! nationalising or part-nationalising through guarantees or subsidies on energy price. & youtu.be/QJw24Z-cEoQ
underinvestment  austerity  Smart  Grid  energy  policy  energy  price  competitive  advantage  competitive  George  Osborne  David  Cameron  budget2010  budget2015  Budget2016  Manufacturing  current  account  deficit  budget  deficit  trade  deficit  TPP  AIIB  World  Bank  China  BRIC  commodity  prices  heavy  industry  microeconomic  policy  macroeconomic  policy  macroprudential  policy  Mark  Carney  education  policy  skills  gap  skill  gap  skill  investment  apprenticeship  further  education  immigration  migration  Tories  Conservative  Party  nasty  NIRP  ZIRP  QE  recovery  output  gap  productivity  productivity  gap  Service  Sector  Jobs  job  creation  labour  market  job  market  DWP  Iain  Duncan  Smith  general  election  2015  election  campaign  promises  Manifesto  corporate  restructuring  corporate  welfare  subsidies  subsidizing  corporate  subsidies  Privatisation  Nationalization  Nationalisation  constituency  Party  Funding  general  election  2020  IMF  OECD  policy  folly  policy  error  global  economy  credit  bubble  Germany  Hinkley  Point  C  renewable  energy  energy  storage  job  creation  fiscal  policy  monetary  policy  Mark  Carney  QE  ZIRP  NIRP  property  bubble  rent-seeking  rentier  liquidity-trap  liquidity  trap  Housing  Crisis  Help  to  Save  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let 
april 2016 by asterisk2a
Tyler Cowen: "The Great Stagnation", Michael Vassar & Cowen Debate at Singularity Summit 2011
gains are harder to come by! low hanging fruit gone. [...] VISION IS NEEDED TO GET THE JOB DONE.
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april 2016 by asterisk2a
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich - SPIEGEL ONLINE
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich [...] Ein Beispiel: Wenn das Bruttosozialprodukt eines Landes 10 Milliarden Euro beträgt und um eine Milliarde Euro wächst, dann entspricht das einer Steigerung von zehn Prozent. Wenn das BIP aber 1000 Milliarden Euro beträgt, dann müsste die Wirtschaft schon um 100 Milliarden Euro wachsen, um ein Wachstum von zehn Prozent zu schaffen. Wächst das BIP wie vorher um eine Milliarde Euro, entspricht das nur noch einer Steigerung von 0,1 Prozent. Die Wirtschaft wäre dann sozusagen ausgewachsen. Die alten Zeiten kehren nicht mehr zurück [...] Sollten die Ökonomen recht haben, hätte das für Staat und Sozialsysteme einschneidende Folgen: Die Planung von Bundeshaushalt oder Rentenkasse geht von einem Wachstum irgendwo zwischen ein und zwei Prozent pro Jahr aus. [...] Die Wirtschaft "unabhängiger vom Wachstum gestalten"
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february 2016 by asterisk2a
George Osborne warns of further spending cuts in Budget - BBC News
[ LOL! ] But recent figures showing the UK economy was smaller than expected meant savings must be found in his Budget statement on 17 March, he said. [...] Mr Osborne said he would rather look for extra cuts now than risk breaking his own manifesto commitment to achieve a surplus in the budget by the end of this Parliament. The chancellor did not completely rule out raising taxes in the event of a further slowdown in growth, but said that now was not the time for "significant" tax hikes. [...] I'm absolutely clear we've got to root our country in the principle that we live within our means and that we have economic security." [...] "whole purpose of our economic plan was to have a budget surplus. [...] we got big challenges at home to make the economy more productive even as more people get work. [ because having part of your budget in the property bubble is so productive ] [...] I will do what is required to keep our country safe and secure." [ NOT CHANGING PLANS ie U-TURN ]
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february 2016 by asterisk2a
Five issues that will shape the Northern Powerhouse - BBC News
[ white elephant! lol & the double standard of Google paying 2% tax vs small businesses full 18%+ and not getting investment, R&D loans ] Will Hull thrive or suffer if transport is radically improved to the eastern fringe of the Powerhouse? There's no way of telling. Some people think investment in skills, education and training would be a more certain way of improving productivity - and business leaders are keen to ensure that these key elements are not forgotten in the rush for steel and tarmac. I asked former CBI director-general John Cridland, who is now head of Transport for the North, if there was any certainty that spending billions on infrastructure would improve productivity. He agreed there was no proof, but urged people to take a leap of faith - like the Victorian engineers.
STEM  skills  gap  practical  skills  apprenticeships  underinvestment  productive  investment  Northern  Powerhouse  UK  George  Osborne  David  Cameron  productivity  output  gap  recovery  carbon  tax  renewable  energy  competitiveness  competitive  industrial  policy  Germany  corporate  tax  rate  tax  evasion  tax  avoidance  conglomerate  multinational  HMRC  budget  deficit  dogma  ideology  austerity  squeezed  middle  class  job  creation  Service  Sector  Jobs  added  value  value  creation  economic  history  property  bubble  distortion  HS2  Hinkley  Point  C  HS3  infrastructure  investment  infrastructure  macroeconomic  policy  macroprudential  policy  zombie  banks  BOE  Funding  for  Lending  Scheme  Mark  Carney 
february 2016 by asterisk2a
David Cay Johnston; How The One Percent Enrich Themselves at Government Expense, part 1 - YouTube
min 10 - gov sets the rules and rule define the civilisation and the quality of lives. // min14 - people don't want you to see and know what they are doing [...[ you need journalist who are sceptical about what the gov is saying and telling you what they do, but what the gov is actually doing >> truth tends to lead to better policy << [...] you publish when you have it, not when its good timing. // 23:40 - moral point of Super Rich and tax evasion/avoidance.Andrew Mellon. Adam Smith and the Bible: taking from the poor and giving it to the rich. is a denounced evil. you society will come to ruins. AND HERE COMES DAVID CAMERON in his christmas/new years message with CHRISTIAN VALUES! What a liar, what a hypocrite. - ind.pn/1ZqA8eh - David Cameron says Christian values make Britain successful. Why? - bit.ly/1WTGAJd &! bit.ly/1JwfUqp &! bbc.in/1ZqpPqG - << DWP Sanctions //32:40 flawed policy by flawed public understanding how the economy works and politics - disconnected from reality! -
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january 2016 by asterisk2a
Osborne warns of 'dangerous cocktail' of economic risks - BBC News
[ repeat phrases - "strong economy", "strong economy, strong NHS" ] The UK faces a "cocktail" of serious threats from a slowing global economy as 2016 begins, Chancellor George Osborne has warned. Speaking in Cardiff, Mr Osborne said this year is likely to be one of the toughest since the financial crisis. He told business leaders that far from "mission accomplished" on the economy, "2016 is the year of mission critical". His message is in stark contrast to the positive tone of his Autumn Statement, when he said the UK was "growing fast". [...] that the Autumn Statement had put in place a four-year plan to restore the UK's public finances, and make the economy more productive, with businesses more competitive so they could create jobs. [...] Mr Osborne told the Today programme the UK's economic recovery was not "a debt-fuelled recovery", citing the support of the governor of the Bank of England in his assessment. [ not public, but private household debt! ]
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january 2016 by asterisk2a
George Osborne vs John McDonnell - Treasury Questions - YouTube
"economic security for the country (& working people)" out of the mouth of Mr "Judgement Call" (that is what the tax credit cuts are, according to him, in front of select committee in house of commons hearing on the matter. // As if 12bn have no multiplier. 12bn for the corporate sharing it amongst their shareholders who have already bns, there is no multiplier at all. it just moves the digit after the comma. For the poop it is about paying for heating and new shoes. stupid. could afford welfare bill if corporates were to pay their fair share of taxes and not avoid and evade and no corporate welfare like for the steel industry (picking winners). = Show of Career Politician with some ideoligy and dogma and no principles. HE IS A MERCENARY. NOT A VISIONARY. A Career Politician. Calculated. Opportunistic. No long-term view. // IFS did say, in case of austerity, private sector has to pick up the slack. And it did since 2010. And new figures in household debt/credit card debt shows that.
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october 2015 by asterisk2a
The government seems intent on ending the solar power industry. It’s madness | Howard Johns | Comment is free | The Guardian
saving on the wrong end of the stick. // &! One solar executive says the 87% cut in state subsidy is ‘obscene’, and will lead to thousands of job losses - bit.ly/1Xdgl0V - “We are all paying £100 for nuclear decommissioning costs in our bills. Solar: five quid? It is nothing to do with the energy bills of hardworking families it is entirely ideologically driven by George Osborne. It is nothing to do with the cost to the energy consumer.”
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october 2015 by asterisk2a
Labour leadership races can change fast; interest rates, not so much | Business | The Guardian
The fact of the matter is that, while George Osborne is obsessed with shrinking the size of the public sector and causing hardship and misery, the real crisis in this country concerns not the size of the budget deficit, but the record peacetime balance-of-payments deficit of a whopping 6% of GDP. With this in mind, John Llewellyn and Russell Jones of Llewellyn Consulting have been urging the Bank to encourage the overvalued pound to fall towards more realistic levels, to avoid an almighty sterling crisis when the markets finally wake up to the real crisis in the British economy.
balance  of  payments  2015  budget2015  austerity  output  gap  productivity  household  debt  public  debt  private  debt  consumer  debt  UK  George  Osborne  short-term  Mark  Carney  BOE  ZIRP  QE  NIRP  bond  bubble  current  account  deficit  trade  deficit  structural  deficit  industrial  policy  STEM  Research  Manufacturing  energy  policy  energy  price  renewable  energy  Career  Politicians  No  Representation  fairness  Generationengerechtigkeit  Tories  Conservative  Party  Toff  Establishment  Privileged  asset  bubble  equity  bubble  property  bubble  reflate  reflation  fiscal  stimulus  fiscal  policy  Richard  Koo  debtoverhang  balance  sheet  recession  Software  Is  Eating  The  World  underinvestment  productive  investment  public  investment  business  investment  business  confidence  wage  stagnation  wage  growth  secular  stagnation  deflationary  deflation  competitive  competition  competitiveness  globalization  globalisation  global  trade  added  value  value  creation  corporate  tax  rate  capital  gains  tax  inequality  Gini  coefficient  poverty  trap  child  poverty  social  mobility  income  mobility  disposable  income  discretionary  spending  economic  history  trickle-down  economics  neoliberalism  neoliberal  Privatisation  pound 
september 2015 by asterisk2a
Jeremy Rifkin on the Fall of Capitalism and the Internet of Things - YouTube
// good and services - commoditisation - near priceless. // mass market becomes zero marginal cost business - commodity! thus have to differentiate ie through freemium/premium/subscription model! two tier. // attention span - news is free, ppl are satiated quiet often with free news, that they don't pay for premium products (except niche) like analysis&perspective & brand pull. have to add more value to core value prop and intangible value - like community & leadership // every consumer can become a prosumer //
post-capitalism  Collaborative  collaboration  Universal  Basic  Income  book  Paul  Mason  Share  Economy  Open  Source  Open  Data  marginal  cost  economics  of  abundance  economic  history  crony  capitalism  capitalism  Wall  Street  Jeremy  Rifkin  21stcentury  Marketplace  transparency  democracy  productivity  identity  Future  of  Work  Mobile  Creatives  3D  printing  Manufacturing  Industrial  Revolution  2.0  policy  energy  price  renewable  energy  energy  policy  commodity  business  commoditization  Robotics  automation  Software  Is  Eating  The  World  Prosumer  ProAm  publishing  2.0  self-publishing  user  generated  content  Net  Neutrality  Blogging  The  Wars  education  policy  vocational  education  professional  education  MOOC  knowledge  knowledge  worker  freemium  subscription  model  business  model  mass  market  paywalls  paywall  user  behaviour  homescreen  snacking  Entertainment  Escapeism  IoT  added  value  value  creation  Core  Product  Proposition  intangible  value  Proposition  social  change  Open  Platform  Platform  EULA  TOS  proprietary  News  24-hour  cycle  automotive  autonomous  car  self-driving  cars  public  transportation  transportation  communication  output  gap 
august 2015 by asterisk2a
Paul Mason: what they aren't telling you about work - YouTube
hollowing out // automation - vs - skill & problem solving (figuring out how to automate/put something together/create new) - vs - end of the chain work (low end, manual, repetitive, service...) // within the next 20 years, 47% of jobs in developed world could be replaced by robots/automation/machines // Future of Work is about problem solving, not putting (end of the chain) things together. figuring out the new, making the new, making something better, more efficient, faster, better quality, ... // and as it stands now, those who reap the rewards will be few. and gov policy, ie tax evasion, tax avoidance, tax code, fairness, --- gains have to be shared.
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august 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
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august 2015 by asterisk2a
Crash bei Dax und Dow: Das war's mit Illusion Nummer drei - SPIEGEL ONLINE
Solange die Weltwirtschaft brummt, kann eine einzelne Volkswirtschaft ihre Währung so lange abwerten, bis sie wieder wettbewerbsfähig ist und der Aufschwung fast von alleine kommt. Globale Krisen funktionieren anders. Die Weltwirtschaft insgesamt kann nicht abwerten. Sie kann nur produktiver werden, aber nicht wettbewerbsfähiger. Da alle großen Wirtschaftsregionen der Welt - USA, Euroraum, Russland, China, Japan und Südostasien - ihre Mega-Krisen in den letzten zwei Jahrzehnten hatten, gibt es auch keinen Unversehrten mehr, der die Rolle einer weltwirtschaftlichen Lokomotive übernehmen könnte. Das Wachstum der Weltwirtschaft verlangsamt sich somit stetig. [...] Die fetten Jahre sind vorbei [...] [ Share buyback was hot in 2014/15 till now ] [...] Die Verschiebung der Macht von Arbeit zu Kapital schreitet nicht weiter fort. [ low interest rate environment bc low capital returns, new Millennials have to serve now this debt burden and can't hope to inflate it away. & stagnant wages! ]
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august 2015 by asterisk2a
US stocks nosedive in early trading amid collapse in global markets | Business | The Guardian
[ great reflation move since 09, finds another opportunity (this time because of China) to reflect. meaning to reassess reality. same with the collapse in emerging market, money going out of high yield & risk back to US/UK in hope of Taper and then came the hammer in form of China scare, people taking even more money out of emerging market/Chinas neighbours into the safe haven (perceived) that is the $/£/EUR market ] Dow dropped more than 1,000 points shortly after the markets opened, but it recovered slightly to be down 620 points, or 6%, shortly before 10am. Dow, which had suffered big falls last week, was trading below 16,000 at 10am – the first time it has been below that level since February 2014. The index is 14% below its record peak in May, putting the Dow firmly into “correction” territory – Wall Street jargon for a drop of 10% or more from a recent peak. &! bit.ly/1EQ31Fn &! bit.ly/1F1zPue - Summers argued for fiscal stimulus, debate about secular stagnation.
correction  asset  bubble  asset  allocation  emerging  market  hunt  for  yield  unintended  consequences  2015  unknown  unkown  hot-money  ZIRP  NIRP  QE  reflate  reflation  recovery  GFC  structural  imbalance  global  imbalances  China  USA  western  world  secular  stagnation  Developing  developed  world  Europe  UK  Singapore  Asia  global  economy  global  trade  energy  price  Oil  price  OPEC  economic  history  Taper  Abenomics  Japan  Fed  BOE  ECB  BOJ  Richard  Koo  equity  bubble  bond  bubble  deflationary  deflation  job  creation  job  market  participation  rate  industrial  policy  Makers  short-term  short-term  thinking  short-term  view  policy  folly  policy  error  PBOC  distortion  faultlines  Impediments  STEM  underinvestment  productive  investment  output  gap  productivity  Paul  Krugman  Larry  Summers  Ben  Bernanke  Janet  Yellen  Mark  Carney  MarioDraghi  Angela  Merkel  Wolfgang  Schäuble  austerity  fiscal  policy  Pact  Schuldenbremse  fiscal  stimulus  George  Osborne  dogma  IMF  OECD  ChristineLagarde  ideology 
august 2015 by asterisk2a
Global economy woes spark share falls - BBC News
Fed released minutes from its meeting on 28-29 July, showing that one policymaker was ready to vote for an interest rate rise at the meeting. Overall, the Fed thought conditions for a US rate rise "were approaching", but the economy was not ready yet. Other policymakers remained concerned that inflation would remain weak because of the strong dollar and falling commodity prices, which act as a double depressant on imports. The Fed's key interest rate has been kept near zero since December 2008. There has been speculation that the Fed will raise rates at its meeting in September, and last month Fed chair Janet Yellen said she thought a rate rise this year was likely. Following the release of the Fed's minutes, US stocks rallied briefly but then fell back, while the dollar weakened on the currency markets. The Dow Jones index ended Wednesday trading down 0.9%. [...] The committee also cited China as a potential problem, [...] [econ growth has 2 be sufficiently strong, incl labour mrkt]
China  Yuan  RMB  inflation  expectation  inflation  targeting  disinflation  inflation  wage  inflation  dis-inflation  deflationary  deflation  Fed  PBOC  currency  debasement  devaluation  currency  war  currency-war  Dollar  Japan  Yen  BOJ  Abenomics  economic  history  Taper  2015  recovery  labour  market  participation  rate  unemployment  structural  unemployment  long-term  unemployment  productivity  output  gap  distortion  ZIRP  NIRP  QE  secular  stagnation  UK  USA  Europe  BIS  Oil  price  OPEC  energy  price  New  Normal  FOMC  commodity  prices  global  trade  global  economy  headwinds 
august 2015 by asterisk2a
China's currency devaluation could spark 'tidal wave of deflation' | Business | The Guardian
[3rd day in a row Yuan/RMB is devalued by PBOC (13/08/15)] “We’re all going to feel it: we’ll feel it through commodities; we’ll feel it through manufactured goods exports, not just from China but from everywhere that has to compete with it; and we’ll feel it through wages.” [...] China could be willing to let the yuan depreciate by as much as 25% over the next five years – “stone by stone, step by step” – in an attempt to restore the export-led growth that was such a winning formula [...] China [may be] trying to protect itself against the period of financial instability [following Taper by western central banks Fed/BOE] [or counter $ recent rise 21% & peg against $] [or fight home grown recession with kitchen sink] // &! bloom.bg/1gC8FFe &! bloom.bg/1WkMfZZ &! bloom.bg/1hy7O9l &! bloom.bg/1NpE4FI &! bv.ms/1IKB3fX // what is the new normal 4 growth in this global economy, competitive = keeping prices low = inflation & low interest rate pressure.
yuan  RMB  PBOC  China  devaluation  deflationary  deflation  UK  USA  Europe  Exportweltmeister  competition  competitive  competitiveness  Lohnzurückhaltung  lohndumping  secular  stagnation  western  world  globalisation  globalization  commodities  commodity  business  commoditization  Germany  Asia  Latin  America  borderless  flat  world  wage  growth  wage  stagnation  inflation  expectation  inflation  targeting  wage  pressure  productivity  output  gap  recovery  GFC  economic  history  New  Normal  hunt  for  yield  Great  Moderation  fiscal  policy  monetary  policy  QE  ZIRP  NIRP  Taper  unintended  consequences  unknown  unkown  complexity  Industrial  Revolution  2.0  IMF  SDR  currency  war  disinflation  inflation  wage  inflation  Japan  Australia  Oil  price  energy  price  Developing  Frontier  Markets  Forex  USD  British  Pound  Euro  Yen  BOJ  BOE  Fed  ECB  Bank  of  Canada  asset  bubble  macroprudential  policy  asset  allocation  productive  investment  underinvestment  business  investment  2015 
august 2015 by asterisk2a
Imports to keep the lights on - BBC News
low energy prices are a competitive advantage in the western world. period. // "The evidence reflects a lot of progress made on closing down the risk that the lights could go out, with next winter being the riskiest of all, and the problem of tight capacity margins persisting at least until 2018."
UK  energy  price  energy  policy  short-term  thinking  short-term  view  austerity  underinvestment  productive  investment  policy  folly  policy  error  David  Cameron  Conservative  Party  infrastructure  investment  Smart  Grid  renewable  energy  green  energy  Europe  energy  storage  Career  Politicians  productivity  output  gap  recovery  No  Representation 
june 2015 by asterisk2a
Jeremy Rifkin at the #CGC15: “The Zero Marginal Cost Society” - YouTube
From Top-Down Corporations to Prosumer (ProAm) to everybody being a potentially player! thus entrepreneurship, differentiation, being remarkable (Seth Godin). Distributed. Collaborative. Open. Transparent. (Open Source). Lateral Power. (TaxiOS project (collaborative) vs Uber (top-down Wall Street proprietary profit maximisation shareholder value with no shared economic interest, crony capitalism [ youtu.be/wCLPizjSe6I ]). // GFC 147$/barrel of oil. Started at 90$/barrel of oil --- globalisation/economic growth has a ceiling its 147$ and its starts to get prohibitive at 90$ // aggregate energy efficiency // Transport, Smart Grid, Internet, IoT; moving power, thus economic power. economic value chain // human capital; economic activity entity // digital goods = zero marginal cost of additional unit sold // Share Economy transforms Capitalism which will not be the primary exclusive arbiter of economic life // favours electricity cooperatives, E.ON, EDF, RWE & Co have to pivot //
marginal  cost  economics  of  abundance  book  Industrial  Revolution  2.0  Future  of  Work  Mobile  Creatives  Mobile  Creative  global  citizenship  Energy  Internet  Smart  Grid  renewable  green  transportation  public  transportation  policy  price  wind  security  efficiency  economic  history  Software  Is  Eating  The  World  augmented  intelligence  algorithm  algorithms  GFC  productivity  austerity  IoT  Big  Data  analytics  efficiency  Capitalism  Share  Economy  vocational  education  education  policy  practical  skills  practical  skill  set  MOOC  entrepreneurship  entrepreneur  differentiate  differentiation  Seth  Godin  society  culture  Universal  Basic  Income  3D  printing  Manufacturing  Moore's  Law  democracy  logistics  Internet 
may 2015 by asterisk2a
BIS Slams "Market Euphoria", Finds "Puzzling Disconnect" Between Economy And Market | Zero Hedge
"... it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally....  Despite the euphoria in financial markets, investment remains weak. Instead of adding to productive capacity, large firms prefer to buy back shares or engage in mergers and acquisitions.   As history reminds us, there is little appetite for taking the long-term view. Few are ready to curb financial booms that make everyone feel illusively richer.  Or to hold back on quick fixes for output slowdowns, even if such measures threaten to add fuel to unsustainable financial booms. Or to address balance sheet problems head-on during a bust when seemingly easier policies are on offer. The temptation to go for shortcuts is simply too strong, even if these shortcuts lead nowhere in the end. [...] " Never before have central banks tried to push so hard."
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june 2014 by asterisk2a

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