asterisk2a + robotics + bank   4

(4081) Warum wir alle ärmer werden – Top-Ökonom erklärt die Gründe! // Mission Money - YouTube
houses are unproductive / schuldeninfusion erhaelt am leben, zombie u.a. / wer bezahlt fuer EU schuldenschnitt? / German econ illusion / banken in eu immernoch sanierungsbeduerftig /
Productivity  output  gap  secular  stagnation  economic  history  book  Robotics  AI  augmented  artificial  intelligence  GFC  recovery  debt  overhang  Austerity  household  wage  growth  inflation  deflationary  deflation  ZIRP  NIRP  QE  Japan  BOE  Fed  BOJ  ECB  income  zombie  Richard  Koo  disposable  discretionary  spending  bank  bailout  NPL 
october 2017 by asterisk2a
Does The Myth of Meritocracy show us how to alleviate inequality?
No debate about social mobility is complete without reference to the supposedly halcyon days of the 1950s and 1960s. The class fluidity of those decades, however, was not the result of professions becoming more meritocratic. It was caused by an unprecedented rise in the number of middle-class jobs: there was more room at the top. [...] Bloodworth writes that 21st-century society is characterised by a dwindling of professional jobs and more people slipping downwards: there is “more room at the bottom”. [...] Globalisation has created what the economist Robert H Frank calls “winner-takes-all” markets
downward  mobility  social  mobility  income  mobility  inequality  Paul  Mason  book  post-capitalism  James  Bloodworth  Gini  coefficient  income  distribution  structural  unemployment  long-term  unemployment  skill  gap  skills  gap  skill  mismatch  skill-biased  technological  change  AI  artificial  intelligence  globalisation  globalization  rising  middleclass  squeezed  middle  class  BRIC  Manufacturing  economic  history  sociology  Brexit  Identitypolitics  Identitätspolitik  career  ladder  education  bubble  education  cost  autonomous  car  autonomous  cars  self-driving  cars  augmented  intelligence  Robotics  Robots  automation  neoclassical  economics  Chicago  School  trickle-down  economics  trickle-down  effect  1%  10%  20%  working  poor  Precariat  credit  card  credit  card  debt  consumerism  consumerist  austerity  bank  bailout  capitalism  in  crisis  neoliberal  neoliberalism  crony  capitalism  tax  evasion  tax  avoidance  Baby  Boomers  babyboomers  Elizabeth  Warren  Joseph  Stiglitz  poverty  trap  poverty  child  poverty  rentier  rent-seeking  winner  take  all  monopoly  monopsony  conglomerate  multinational  Toff  Privileged  Establishment  No  Representation  Politicians  career  politician  Centrist  meritocracy  meritocratic  plutocracy  oligarchy  capitalism 
july 2016 by asterisk2a
Mark Blyth explains the U.K.'s decision to leave the E.U. - YouTube
Yanis Varoufakis & Mark Blyth - https://youtu.be/iMk6aVsl8Rs - Scotland (joining the EU) will not have a welfare state as long as Wolfgang Schaeuble is at the helm), Secular Stagnation = feels like permanent recession. especially w austerity. squeezed middle class, working poor, Precariat. [...] the only thing that is keeping things alive and somewhat steady is monetary policy (ZIRP, NIRP, QE) & triple-lock pensions (ie in UK). [...] Status Quo is extend and pretend (ie in EU) [...] Centrists lost the plot, all under 50% of vote share. some places just 25% (ie Tories 2015). [...] [min 20 #Brexit] [...] EU and ASIA running trade surplus against the world. "be more competitive" = exporting deflation. is not same as productivity. [...] Q&A session: you can not reform a country (structural reforms) under dark cloud of debt deflation. no shared dream of prosperity. //&! youtu.be/md6_WfF9Ky0?t=22m
Nigel  Farage  Brexit  deflation  deflationary  IMF  Richard  Koo  ZIRP  NIRP  QE  monetary  policy  fiscal  policy  secular  stagnation  Donald  Trump  western  world  ECB  Yanis  Varoufakis  democracy  Mark  Blyth  Brexit  No  Representation  Career  Politicians  politician  1%  10%  GFC  austerity  bank  bailout  corporate  welfare  George  Osborne  David  Cameron  squeezed  middle  class  working  poor  Westminster  Whitehall  nasty  party  Centrist  Tony  Blair  Gordon  Brown  Jeremy  Corbyn  Tories  Conservative  Angela  Merkel  Wolfgang  Schäuble  European  Union  PIGS  economic  history  globalisation  globalization  AI  Robotics  Robots  autonomous  car  autonomous  cars  self-driving  cars  augmented  intelligence  automation  Precariat  populism  Polarisation  demagogue  demagogy  Nigel  Farage  Front  National  AfD  Fear  mongering  immigration  Nationalism  Nationalismus  Privatisation  UK  Germany  France  far-right  right-wing  UKIP  recovery  Refugee  Crisis 
july 2016 by asterisk2a
Steen Jakobsen: Get Ready For The Biggest Margin Call In History - YouTube
ideology/Career Politicians/Complacency/Cushy/non-ambitious/AIIB/comfortable //&! bit.ly/1cU2RVS March 2015, SELL & come back in 6 months - bloom.bg/1NTykGB //&! bit.ly/1NJvXai &! bit.ly/1VsYTEJ Outrageous predictions for 2015 were: China devalues yuan 20% [joining others in global struggle to import inflation] &! Corporate high yield market spreads double (higher refinancing cost, which zombie corporations do actually have no pants on as tide goes out) "High yield is a derivative of equity markets. If you believe equities are overvalued, so too is high yield," &! UK house prices crash (foreign hot money, speculative + shortage + Summer 2015 Crash + BOE Taper in 2015/16 = back to reality!) &! Russia defaults again // &! Fed Taper is a "margin call," [need 2 normalize despite its mandate/fundamentals not warranting a hike!] [...] a seven-year bull run 4 equities might be coming to an end [...] the rise (not value) of RMB/Yuan as it becomes free floating out of need] - cnb.cx/1MMyLSC
Abenomics  Yen  Yuan  RMB  devaluation  currency-war  fiat  currency  currency  debasement  currency  war  deflationary  deflation  credit  bubble  PBOC  China  credit  cycle  business  cycle  financial  cycle  financial  crisis  leverage  margin  trading  underinvestment  productive  investment  business  investment  public  investment  personal  investment  infrastructure  investment  rebalancing  structural  imbalance  Impediments  infrastructure  Career  Politicians  short-term  Fortune  500  shareholder  value  profit  maximisation  Wall  Street  ROI  STEM  Research  R&D  business  confidence  consumer  confidence  New  Normal  hunt  for  yield  output  gap  productivity  Software  Is  Eating  The  World  Robotics  3D  printing  Steen  Jakobsen  financial  incentive  secular  stagnation  Manufacturing  Industrial  Revolution  2.0  policy  AIIB  Asia  European  Union  share  buyback  2015  equity  bubble  speculative  bubbles  bond  bubble  property  bubble  asset  bubble  asset  allocation  distortion  demographic  bubble  ageing  population  western  developed  liquidity  trap  UK  USA  Europe  BOE  Fed  BOJ  ECB  bank  bailout  toobigtofail  too  big  to  jail  too  big  to  bail  banking  crisis  sovereign  debt  crisis  austerity  ideology  dogma  economic  history  trickle-down  economics  neoliberalism  neoliberal 
august 2015 by asterisk2a

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