asterisk2a + savings   69

How to get a pension of £20,000 by the time you retire - BBC News
So someone who starts saving at the age of 25 would need to put away £246 a month, net of tax. [...] The figures show that an average earner who starts saving at 25 need only contribute 14% of their salary to hit the £20,000 target.
But if they leave it to the age of 35, they will need to contribute 23%.
By the time they are 45, if they haven't started a pension plan, they will need to pay in pretty much half their earnings, a difficult task.
"The biggest message from this analysis is the cost of delaying when you start to save," says Patrick Bloomfield.
Pension  Scheme  demographic  bubble  retirement  savings 
july 2017 by asterisk2a
The Bank of England is in denial. Brexit shows people don't act rationally | Robert Skidelsky | Business | The Guardian
Our models of quantifiable risk fail when faced with radical uncertainty. // retail spending binge post brexit and in run-up. // The challenge is to develop macroeconomic models that can work in stormy conditions: models that incorporate radical uncertainty and therefore a high degree of unpredictability in human behaviour. [...] Keynes, for his part, didn’t think this way at all. He wanted an economics that would give full scope for judgment, enriched not only by mathematics and statistics, but also by ethics, philosophy, politics, and history – subjects dropped from contemporary economists’ training, leaving a mathematical and computational skeleton. To offer meaningful descriptions of the world, economists, he often said, must be well educated.
Brexit  UK  consumer  debt  household  credit  card  mortgage  BOE  Austerity  Consumerism  materialism  behaviour  Economics  Economy  rational  book  irrational  living  standard  savings  wage  growth  income  mobility  macroeconomic  forecast  Keynes  history 
february 2017 by asterisk2a
Scots face 'pensions timebomb' says report (From Herald Scotland)
SCOTS are facing a pensions timebomb with few people saving enough for a comfortable retirement.

New research has found that the average working age person faces a £435,000 shortfall in their pension pot if they want to retirement to meet their expectations.

The first ever Brewin Dolphin Family Wealth Report found that the average person considers an income of £26,000 to be adequate to meet their needs after leaving work.
UK  savings  rate  retirement  pension  Triple  Lock  Altersarmut 
november 2016 by asterisk2a
Alan Greenspan on Brexit, U.S. Economy, and Inflation (Full Interview) - YouTube
UK out of Euro Currency but part of free trade single market was best option on table. // lack of leadership for political union and fiscal union aka ever closer union. not just currency and trade union (free trade). // GET AT THE ROOT ISSUE; productivity, ageing population (entitlement crisis), stagnant wages, secular stagnation = desperate population // European banks some still burdened by sov debt crisis/NPL (= zombie banks) & NIRP & QE & lack of uptake in business & consumer loans. // no back-up to the ECB (balance sheet) yet. what happens if the EURO stops being a hard currency? get Greece out, is a liability. // EU can not go on in Status Quo indefinitely. ie funding southern states. States have to get on course of economic harmony! everyone has to give up something! // Precariat/Squeezed Middle Class/Social Mobility = creates desperate people. // Entitlements are a legal issues. Productivity and Growth Rates can't fund entitlements. = There will be a crisis. // Career Politicians won't touch it. // History (look at M2) this environment ends up in inflation. not time or data.
European  Union  Brexit  fiscal  Political  Union  ECB  Alan  Greenspan  Fed  Yanis  Varoufakis  Janet  Yellen  PIGS  sovereign  debt  crisis  secular  stagnation  productivity  gap  disposable  income  discretionary  spending  ageing  population  current  account  deficit  budget  deficit  GFC  entitlement  spending  Abenomics  monetary  policy  fiscal  policy  pension  obligation  babyboomers  Baby  Boomers  immigration  NIRP  ZIRP  QE  economic  history  Germany  Angela  Merkel  BOE  Mark  Carney  rising  middleclass  squeezed  middle  class  working  poor  Precariat  populism  demagogue  demagogy  Donald  Trump  western  world  savings  rate  Gini  coefficient  social  mobility  income  mobility  triple-lock  pension  pension  fund  pension  scheme  democracy  Career  Politicians  politician  output  gap  M2  inflation  targeting  M3  commodity  prices  global  economy 
june 2016 by asterisk2a
UK GDP growth – beware the march of the spenders | Business | The Guardian
the breakdown was deeply troubling. What it showed was an economy unhealthily reliant on consumer spending. Real household spending was up 0.7% on the quarter and added 0.5 percentage points to the growth rate. In other words, the other components of growth – investment, trade and government spending – contributed -0.1 points to growth during the first three months of the year. [...] drop in business investment, which was down both over the quarter and over the year. //&! bit.ly/1RjxDnh - Making things matters. This is what Britain forgot. Ha-Joon Chang. The neglect of manufacturing and over-development of the financial sector is the cause of the economy’s decline, not fear of leaving the EU
UK  2016  recovery  Manufacturing  George  Osborne  industrial  policy  David  Cameron  austerity  Brexit  secular  stagnation  USA  world  economy  underinvestment  Smart  Grid  competitiveness  competitive  advantage  competitive  China  Steel  Crisis  Steel  Industry  BRIC  European  Union  Fiscal  Pact  Schuldenbremse  ZIRP  NIRP  distortion  policy  monetary  policy  Mark  Carney  short-termism  short-term  thinking  short-term  view  Career  Politicians  general  election  2015  general  election  2020  Conservative  Party  neoliberalism  neoliberal  tax  evasion  tax  avoidance  Panama  Papers  HMRC  income  tax  receipts  employment  self-employment  Precariat  minimum  wage  wage  growth  productivity  output  gap  savings  rate  housing  bubble  property  bubble  business  confidence 
may 2016 by asterisk2a
Renten: Frauen bekommen nicht mal halb so viel Rente wie Männer - SPIEGEL ONLINE
Die Gehaltslücke zwischen Männern und Frauen wird im Alter zur riesigen Kluft: Im Schnitt erhält eine Rentnerin in Deutschland 57 Prozent weniger Geld als ein Rentner. Eine Studie zeigt die Gründe. [...] Die WSI-Forscher nennen eine Reihe von Faktoren, die für die Rentenkluft verantwortlich sind: niedrige Erwerbsbeteiligung: Frauen sind und waren weit häufiger gar nicht berufstätig als Männer. hohe Teilzeitquote: Frauen arbeiten häufig nicht Vollzeit. niedrige Entgelte: Aktuell verdienen Frauen im Schnitt 21 Prozent weniger als Männer. Früher, als die jetzigen Rentnerinnen im Berufsleben standen, war die Lücke noch größer. häufige und längere Erwerbsunterbrechungen, etwa durch Kinderbetreuung. häufige Beschäftigung in Minijobs ohne Rentenversicherung
gender  gap  retirement  child  care  elderly  care  adult  social  care  savings  rate  gender  pay  gap  poverty  in  old  age  poverty  social  safety  net  pension  pension  scheme  pension  obligation  pension  fund  public  pension  gender  inequality 
march 2016 by asterisk2a
Budget 2016: George Osborne's political balancing act
Like Sherlock Holmes, we must look in this Budget for the dogs that do not bark. Four years out from a general election, this is the time in the political cycle when chancellors can take unpopular decisions. A moment, perhaps, for a big reform to our pensions or taxation. Yet the mood music emerging from the Treasury is distinctly adagio. [...] Genuinely radical plans to overhaul pension tax relief have been put on hold for fear of upsetting middle and higher earners. Proposals to cut the 45p top rate of tax are said to have gone the same way. [...] [OBR] is expected to say that the British economy is smaller than the watchdog had expected it would be when it made that prediction. As such, the Treasury would get less than it had expected in tax revenues.
budget2016  George  Osborne  Brexit  general  election  2020  austerity  Career  Politicians  Tories  nasty  party  Boris  Johnson  Conservative  OBR  secular  stagnation  HMRC  income  tax  receipts  Job  Creation  Service  Sector  Jobs  working  poor  low  pay  low  income  squeezed  middle  class  savings  rate  tax  credit 
march 2016 by asterisk2a
How much of a savings buffer do people need? - BBC News
The US-based financial site Money Under 30 differentiates between a "buffer" for cashflow problems and an emergency fund for major events. It recommends keeping between one week's and two weeks' take-home pay as the buffer. Translated to the UK, this would mean saving between roughly £400 and £800.
An emergency fund should allow for between six and nine months of expense, it adds. If these were to come to £1,000 a month, that's between £6,000 and £9,000.
But such a level of savings is in the realm of fantasy for many Britons.
A survey by the Money Advice Service has found that four in 10 adults in the UK do not have £500 or more in savings. Another by ING bank suggests 28% of UK adults have nothing at all in the bank.
savings  rate  disposable  income  discretionary  income  consumerism  materialism  status  anxiety  squeezed  middle  class  working  poor  low  pay  low  income  wage  stagnation  income  growth 
march 2016 by asterisk2a
State pension changes: Charity finds 70,000 people won't qualify for pension under new rules | Home News | News | The Independent
Changes to the system coming into effect on 6 April mean that people will need 10 qualifying years to get any new state pension. This is a change from the existing regime which allows people to receive at least some state pension even with only a few years of NICs. [...] Age UK said it supports the aim of a simpler, fairer state pension, acknowledging it should benefit many people with low lifetime earnings due to low pay and caring responsibilities. But the charity is concerned that there are many approaching retirement, particularly women, who do not have a full NI record. [...] "People who haven't built up enough National Insurance can apply for Pension Credit, which works by topping up their other income and provides additional security in retirement.”
pension  pension  scheme  pension  obligation  pension  fund  public  pension  UK  babyboomers  budget  deficit  secular  stagnation  low  pay  low  income  working  poor  Precariat  precarious  work  Zero  Hour  Contract  Contractor  part-time  self-employment  welfare  state  social  safety  net  poverty  in  old  age  NIC  Altersarmut  elderly  care  adult  social  care  retirement  401k  ISA  savings  rate  squeezed  middle  class 
march 2016 by asterisk2a
Budget 2016: What will the chancellor do to pensions? - BBC News
[ changing system to collect taxes earlier, he needs some more tax income now, rather than in 40-50 years from now. ] Now, ahead of the budget on 16 March, the pensions industry is again on the edge of its seat. Amongst the rumours: The chancellor is about to abolish the 25% tax-free lump sum; the maximum annual contribution could be cut to as low as £25,000; or the whole tax relief system could be abolished, in favour of an Isa-style system of tax upfront, but tax free on the way out. So what are the chancellor's options - and which is he likely to favour? [...] After all, the title of the Treasury's consultation is: "Strengthening the incentive to save". Furthermore one Treasury minister confirmed to the BBC that this will be the main focus of the changes.
budget2016  HMRC  pension  scheme  public  pension  pension  obligation  pension  fund  George  Osborne  Tories  Conservative  Party  Policy  Makers  austerity  constituency  Party  Funding  babyboomers  ageing  population  demographic  bubble  secular  stagnation  savings  rate 
february 2016 by asterisk2a
UK consumes far less than a decade ago – 'peak stuff' or something else? | Business | The Guardian
From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013 [...] UK households have also abandoned buying many resource-intensive goods common in the recent past – such as metal-heavy video recorders and hi-fi systems, vinyl records, CDs and books – as they shift to digital consumption. [...] The figures will spark fresh speculation that Britain and other developed economies have hit ‘peak stuff’, although some critics pour scorn on the quality of the ONS’s environmental accounts. In January, Ikea said the appetite of western consumers for home furnishings had reached its peak and consumption of many familiar goods was at its limit. Household spending on physical goods, including furnishings, clothing, cars and gadgets, decreased between 2002/03 and 2014, [...] Households now spend more on services than physical goods, he said. [...] [ saturation in some markets but we are not living in peak stuff ]
peak  stuff  secular  stagnation  demographic  bubble  zombie  consumer  materialism  status  anxiety  consumerist  consumer  choice  consumerism  sustainability  sustainable  resource  depletion  finite  resources  consumer  debt  marginal  propensity  to  consume  disposable  income  discretionary  spending  household  debt  car  loan  credit  card  debt  student  loan  debt  student  loan  student  debt  StudentLoans  savings  rate  retirement  poverty  in  old  age  poverty  squeezed  middle  class  wage  stagnation  job  creation  low  pay  low  income  Zero  Hour  Contract  Contractor  self-employment  working  poor  precarious  work  Precariat  capitalism  western  world  COP21  carbon  tax  carbonfootprint  carbonemission  sharing  economy  Service  Sector  Jobs  recycling 
february 2016 by asterisk2a
Huge pension shortfall facing UK's young adults | Money | The Guardian
[ has to put away 10% of disposable income/earnings ?pre-tax?, put it in equities, and open the envelope only after 60-70 years. ] The average 35-year-old has to save £660,000 into a pension plan if they have any hope of matching the standard of living enjoyed by today’s pensioners – but have so far managed to put aside just £14,000.
retirement  savings  savings  rate  savings  glut  disposable  income  discretionary  spending  pension  pension  scheme  squeezed  middle  class  wage  stagnation  wage  growth  income  growth  income  gap  income  distribution  income  inequality  low  income  Sozialer  Abstieg  working  poor  Precariat  precarious  work  financial  literacy  zombie  consumer  consumerism  consumerist  materialism  status  anxiety  babyboomers  generationy  Millennials  status  symbol  consumption  consumer  debt  household  debt  private  debt  student  loan  debt  Bubble  stagnation  secular  stagnation  competitive  competition  competitiveness  globalization  globalisation  flat  world  borderless 
september 2015 by asterisk2a
Weltwirtschaft: BIZ warnt vor Krediten in Schwellenländern - SPIEGEL ONLINE
Die Bank für Internationalen Zahlungsausgleich sieht Alarmzeichen für Banken in vielen Schwellenländern. Die Kreditvergabe in China, Brasilien oder der Türkei habe ein bedrohliches Verhältnis angenommen, warnt die Notenbank. // &! Die Welt steuert auf den Bankrott zu (QE trap): Eine vorläufige Antwort: Das tieferliegende Problem besteht darin, dass sich die Weltwirtschaft insgesamt auf den Bankrott zubewegt - und das wird umso schneller gehen, je höher die Zinsen sind und je niedriger die Preissteigerungsraten.
BIS  credit  bubble  2015  China  BRIC  NPL  shadow  banking  junk  bond  creditrating  banking  crisis  excess  reserves  QE  ZIRP  NIRP  hot-money  currency-war  currency  debasement  currency  war  centralbanks  economic  history  hunt  for  yield  FOMO  speculative  bubbles  FX  reserves  Turkey  Brazil  Developing  World  Fed  distortion  unknown  unkown  unintended  consequences  Raghuram  Rajan  BOE  BOJ  Abenomics  PBOC  ECB  emerging  market  emerging  middle  class  AIIB  Asia  South  Africa  Latin  America  deflationary  deflation  secular  stagnation  western  Niall  Ferguson  globalization  globalisation  wage  stagnation  disposable  income  income  distribution  income  inequality  income  growth  income  mobility  income  gap  wage  growth  GFC  recovery  fiscal  policy  monetary  policy  austerity  Pact  European  Union  UK  USA  Richard  Koo  Joseph  Stiglitz  Paul  Krugman  dogma  ideology  Fed  mandate  inflation  targeting  New  Normal  bond  bubble  QE  trap  liquidity  trap  reflate  reflation  asset  bubble  asset  allocation  property  bubble  capital  allocation  QT  debt  monetisation  debt  monetization  trickle-down  economics  marginal  cost  economics  of  abundance  digital  economy  Software  Is  Eating  The  World  World  Bank  IMF  savings  glut  faultlines  structural  imbalance  Impediments  Super  Cycle  debt  ser 
september 2015 by asterisk2a
Is Global Economic Doubt Behind the Unchanged Rate? - YouTube
youtu.be/f5_AGIMe32k // much higher $ already put ~25bps on US domestic market. // Fed is a risk manager now // labour market got a check mark, but not inflation bc of tech, stronger$ (taper anticipation), commodities lower, further deflationary pressures (retail price fighting 4 increase like4like sales), globalisation (competition), secular stagnation (continued low growth in western world, lower aggregate demand overall, lower baseline), consumer unable 2pickup where it threw in hat (deleveraging, no savings, debt overhang household, consumer). A new normal of growth of ~3% (give/take) globally aggregate & western wrld (2-2.5%, EU aggregate even lower). In this world, THERE WILL BE NO INFLATION PRESSURE (2% or higher, &3bn ppl free labour wrldwide) IN THE FORESEEABLE FUTURE AS THE REAL ECONOMY 4 EVERY DAY FOLK DOESNT REFLECT REFLATED ASSET PRICES via QE, ZIRP, credit bubbles arnd world enabled by central banks. &! youtu.be/NVa5fkz8X0o &! youtu.be/Ny3bbonX3d0 &! 1.usa.gov/1JdKZxp
Taper  Fed  Fed  mandate  2015  inflation  expectation  inflation  targeting  Janet  Yellen  participation  rate  employment  underemployed  full  employment  unemployment  structural  unemployment  USA  China  BRIC  credit  bubble  complexity  global  economy  New  Normal  hunt  for  yield  asset  allocation  asset  bubble  reflate  reflation  equity  bubble  property  bubble  BIS  centralbanks  QE  ZIRP  NIRP  distortion  secular  stagnation  western  world  Richard  Koo  deleveraging  balance  sheet  recession  debtoverhang  private  debt  household  debt  consumer  debt  student  loan  debt  student  loan  student  debt  debt  servitude  marginal  propensity  to  consume  Super  Rich  1%  faultlines  savings  glut  Impediments  structural  imbalance  inequality  Gini  coefficient  income  distribution  income  growth  low  income  disposable  income  income  inequality  income  mobility  wage  stagnation  wage  growth  UK  BOE  squeezed  middle  class  job  creation  job  security  labour  market  recovery  policy  response  fiscal  policy  austerity  Schuldenbremse  Pact  monetary  policy  monetary  transmission  mechanism  excess  reserves  business  confidence  consumer  confidence  business  investment  underinvestment  productive  investment  infrastructure  investment 
september 2015 by asterisk2a
Raghuram Rajan - One-on-One: an investigative interview - 44th St. Gallen Symposium - YouTube
Relying too much on the wrong instrument, monetary policy, unconventional QE2 & 3 >> little domestic positive impact but spilled over much across the world! // consequences now seen (1) taper tantrum late 2014 & then summer 2015; china slow-down/equity crash & taper anticipation moves followed up by pulling money out of emerging/developing markets! financial market are divergent from domestic business market. cycles shifted apart slightly. investor, business, financial market & consumer confidence are not linked as tightly before! // financial markets are now global, business markets itself not as much! money can be pulled out digitally in an instance. // no net-positive 4 whole world. selfishness. long-run danger. unintended consequences, unknown unknowns. // global sub-optimal monetary policy // global system (monetary system) broke // uncertainty, unknown of taper. timing debate. game of chicken. volatility bc of lots of froth, distortion! // &! youtu.be/SZe3issLIb8
Raghuram  Rajan  BIS  centralbanks  hot-money  currency-war  currency  debasement  currency  war  GFC  recovery  monetary  policy  QE  ZIRP  NIRP  excess  reserves  speculative  bubbles  reflate  reflation  economic  history  faultlines  credit  bubble  BRIC  2015  emerging  market  Developing  World  western  secular  stagnation  BOJ  Abenomics  PBOC  globalization  globalisation  financial  market  zombie  banks  savings  glut  business  confidence  business  investment  USA  UK  Europe  China  asset  bubble  asset  allocation  FOMO  hunt  for  yield  speculative  speculation  Super  Rich  1%  property  bubble  unconventional  monetary  policy  Fed  BOE  ECB  inflation  expectation  inflation  targeting  Fed  mandate  deflationary  deflation  fiscal  policy  irrational  exuberance  panic  hubris  unknown  unkown  unintended  consequences  Taper  book  structural  imbalance  Impediments  reserve  currency  fiat  currency  current  account  deficit  trade  deficit  structural  deficit  fiscal  deficit  fiscal  stimulus  Germany  austerity  dogma  ideology  credibility  Career  Politicians  Pact  Schuldenbremse  monetary  transmission  mechanism  monetary  stimulus  monetary  theory  monetary  system  complexity  incomplete  information  shadow  banking  uncertainty  volatility  distortion  financial  repression  governance 
september 2015 by asterisk2a
Why did Japan stop growing? Professor Takeo Hoshi at ANU - YouTube
Blyth argued its culture/society & structural. TPP trade deal might help productivity growth & opening Japan further 2 global trade. & encourage immigration reform. Regulatory reform; stop protection of zombies (gov guarantees, contracts, subsidies), corporate governance. Oversight. Transparency. Also Start-up rate (bottom-up disruption) needs reform (reduce red tape, create start-up/business hubs) // &! What is Abenomics? - youtu.be/_UafzhHzmwE //&! Noriko Hama & Yukio Noguchi "Abenomics and What comes After" - youtu.be/a29FTJXYev0 'unable to share affluence' - income redistribution << marginal propensity to consume, 16% left out of society (poverty), lack of empathy & compassion. BOJ is single lender 2 gov. Career Politicians! Companies have no need 2 borrow/cant force banks 2 lend. //&! min52 Problem of rising long-term interest rates solved w BOJ debt monetisation = inflation (probable near future scenario). &! youtu.be/ArnLHTE0e1g &! youtu.be/wYtJ7Fyn9NA &! youtu.be/AbKeTeb-I_M
Japan  economic  history  lost  decade  lost  generation  ageing  population  demographic  bubble  culture  society  fiscal  stimulus  zombie  banks  zombie  corporations  banking  crisis  Exportweltmeister  Germany  subsidies  subsidizing  distortion  asset  bubble  Abenomics  monetary  policy  monetary  stimulus  fiscal  policy  white  elephants  Richard  Koo  productivity  corporate  culture  corporate  governance  deflationary  deflation  crowding  out  Debt  Super  Cycle  BOJ  Yen  public  investment  productive  investment  stagnation  secular  stagnation  currency-war  currency  debasement  currency  war  ZIRP  QE  NIRP  liquidity  trap  monetary  transmission  mechanism  disinflation  inflation  expectation  inflation  targeting  Makers  Career  Politicians  savings  rate  savings  glut  policy  error  marginal  propensity  to  consume  poverty  trap  squeezed  middle  class  Sozialer  Abstieg  working  poor  precarious  work  inequality  Gini  coefficient  industrial  policy  wage  stagnation  wage  growth  income  growth  disposable  income  income  distribution  low  income  neoliberalism  neoliberal  part-time  Zero  Hour  Contract  Contractor  underemployed  microeconomic  policy  macroeconomic  policy  JGB  bond  bubble  monetisation  monetization  structural  imbalance  faultlines  Impediments  excess  reserves 
september 2015 by asterisk2a
Selling Off the State in China - Bloomberg View
China's latest batch of ugly data offers a stark message to President Xi Jinping: Whatever he's doing to prop up growth isn't working. Even worse than the 5.5 percent drop in exports last month was the 13.8 percent plunge in imports, indicating that domestic demand is weaker than the external sector. The good news is Xi is changing tack. Rather than just tossing more stimulus at the economy and stocks, he's redoubling efforts to reform the inefficient and opaque state-owned enterprises at the root of so many of China's vulnerabilities. In other words, Xi is finally working to strengthen China's foundations rather than papering over the cracks. The bad news is that Xi could just as easily be making things worse.
China  liberal  economic  reform  2015  credit  bubble  debtoverhang  balance  sheet  recession  deleveraging  PBOC  QE  macroeconomic  policy  microeconomic  policy  welfare  state  social  safety  net  savings  glut  public  health  care  system  disposable  income  discretionary  spending  fiscal  policy  fiscal  stimulus  monetary  policy  NPL  shadow  banking  banking  crisis  economic  reform 
september 2015 by asterisk2a
China's impossible trinity - BBC News
At the heart of China's problem is the "impossible trinity" of international macroeconomics. The impossible trinity - or trilemma - is the idea that it is impossible for a country to have three things at the same time: a stable currency, the free movement of capital (i.e. the absence of capital controls) and independent monetary policy. A country can instead choose just two of the options from this policy suite. The UK, in common with most developed economies, has free capital movement and an independent monetary policy - but not a controlled exchange rate. The Bank of England sets interest rates at a level it thinks is right for the UK economy and - as capital can flow into and out of the UK at will - the exchange rate is determined by the market. [...] But the bigger criticism is usually over the nature of the post-2009 stimulus package [...] But, for all the criticism, the counterfactual is rarely stated. What would global growth have looked like without it? [//+ deflation factors]
China  liberal  economic  reform  2015  credit  bubble  devaluation  currency  debasement  Yuan  RMB  PBOC  IMF  SDR  macroeconomics  monetary  policy  fiscal  policy  QE  recovery  GFC  economic  history  banking  crisis  shadow  banking  NPL  debtoverhang  balance  sheet  recession  deleveraging  property  bubble  hot-money  BRIC  western  world  global  trade  global  economy  deflationary  deflation  reflate  reflation  equity  bubble  asset  bubble  asset  allocation  distortion  unknown  unkown  unintended  consequences  Fed  BOE  BOJ  Abenomics  currency  war  currency-war  aggregate  demand  short-fall  aggregate  demand  Richard  Koo  consumer  debt  household  debt  student  loan  debt  debt  servitude  sovereign  debt  crisis  debt  bubble  Super  Cycle  student  debt  public  debt  debt  monetisation  debt  monetization  private  debt  globalisation  globalization  technological  progress  flat  world  wage  growth  wage  stagnation  secular  stagnation  borderless  global  imbalances  faultlines  structural  imbalance  savings  glut  Impediments  inequality  squeezed  middle  class  Europe  UK  OECD  marginal  propensity  to  consume  Sozialer  Abstieg  working  poor  precarious  work  income  growth  deregulation  self-regulation  Workers  Union  wage  pressure  disposable  income  income  distribution  income  redistribution  low  income  income  inequality  American  Dream  USA  Gini  Super  coe 
september 2015 by asterisk2a
Alibaba Is the Canary in China's Coal Mine - Bloomberg View
It turns out investors were right about Alibaba: No company is more on the front lines of China's economic shifts than Jack Ma's juggernaut. And that's just where the problems begin. [...] After months of putting the entire weight of the government behind saving the market, Beijing appears to have given up. The fallout from that realization will have unpredictable effects on 1.3 billion people indoctrinated to believe Beijing can control any crisis or narrative. As markets swoon and gross domestic product slides, consumers are delaying nonessential purchases. [...] Mass austerity has only just begun. [...] it would be interesting to see how the government responds to "large and widespread investment losses that could lead to a notable negative wealth effect which could weaken consumption, as well as grievances against the authorities." [...] Macau's GDP -26.4% last quarter [...] Chinese gamblers stayed home. [...] Ma created a better quarterly GDP report than Beijing.
Alibaba  China  Jack  Ma  2015  credit  bubble  PBOC  equity  bubble  asset  bubble  property  bubble  speculative  bubbles  speculative  hunt  for  yield  speculation  Yuan  RMB  devaluation  distortion  QE  ZIRP  NIRP  margin  trading  leverage  discretionary  spending  Call  Taper  Fed  BOE  balance  sheet  recession  underwater  market  intervention  bond  bubble  unknown  unkown  unintended  consequences  hubris  irrational  exuberance  western  world  faultlines  Structural  Impediments  imbalance  savings  glut  correlation  excess  reserves  banking  crisis  shadow  banking  investment  banking  New  Normal  fractional  reserve  banking  banking  BIS  centralbanks  monetary  policy  fiscal  policy  short-term  1%  Super  Rich  Privileged  Establishment  Toff  bank  bailout 
september 2015 by asterisk2a
Mark Blyth: Austerity - The History of a Dangerous Idea - YouTube
53:00 - EU, UK, USA banking crisis not comparable with Japans eco history. He argues that Japans problems are deeply structural (demographic bubble, culture (savings glut, low propensity of consumption), the state). See book The Evolution of the Modern State & Koos book on Japan 'the holy grail of macroeconomics.' As he explains it, very different 2 EU, UK, USA transfer of banking losses (debt gone sour) onto public gov books via bailout&QE 2 save banking system & the top 30% of society which owns assets. BUT, there is one narrative string that haunts Japan & could haunt EU/UK/USA current living generation; 2 hold back discretionary spending & avoid putting themselves into a debt obligation! This could be underpinned by the Share Economy, econ of abundance, marginal cost & deflation. Minimalism. Anti-consumerism. Not buying a car. Generation Rent not buying a house of flat. Not buying every other year a new TV/Laptop/Phone (despite being commodityish). Who is taking this place?
Mark  Blyth  austerity  Richard  Koo  Japan  lost  generation  lost  decade  cost  of  ownership  savings  rate  debt  servitude  Angst  Millennials  generationy  babyboomers  economic  history  European  Union  UK  USA  recovery  secular  stagnation  deflationary  deflation  balance  sheet  recession  deleveraging  Abenomics  structural  imbalance  Impediments  culture 
august 2015 by asterisk2a
(2012/13) After the Financial Crisis: How to Tell the Forest from the Trees - YouTube
"Profits are privatized while losses are socialized. How we got here, and how we can get out of this situation." // min20 - UK debt2GDP 2008, +100% Debt on Banks Balance Sheet, ~100% Household Debt, +100% Nonfinancial institutional/corporate Debt, <50% Gov Debt ( bit.ly/1u6QiLP ) risen to <80% Gov Debt2GDP bc of Bank Bailout. ( gross national debt has been rising, unable to pay down because of lack of growth, turning Japan - bit.ly/1f7UNyp ) // It is still a banking crisis. Especially in Europe. Not a sovereign debt crisis. Greece situation made much worse because of austerity. // min 32 - talks about China! China's Assets and Liabilities. 70% of global consumption is US/EU. [but shifting!] From CDO example, China correlates with US/EU vice versa! Chinese property bubble & equity bubble, came 2 an end this Summer 2015! The crisis began w banks & will end w banks! The crisis is still with us. The banks, stupid! // investment banking bust bc of low yields across all public asset classes
Mark  Blyth  austerity  GFC  recovery  2015  economic  history  bank  bailout  sovereign  debt  crisis  Greece  PIIGSFB  zombie  banks  liquidity  trap  ECB  UK  BOE  Fed  USA  China  faultlines  structural  imbalance  Impediments  global  imbalances  savings  rate  savings  glut  shadow  banking  investment  banking  banking  crisis  European  Union  hunt  for  yield  reflate  reflation  ZIRP  NIRP  QE  bond  bubble  speculative  bubbles  asset  bubble  asset  allocation  toxicassets  badbank  policy  error  too  big  to  bail  too  big  to  jail  toobigtofail  TBTF  Richard  Koo  trust  distrust  trustagent  Insolvenzverschleppung  insolvency  insolvent  underinvestment  productive  investment  business  confidence  consumer  confidence  deflationary  deflation  secular  stagnation  globalization  globalisation  hot-money  currency-war  currency  debasement  currency  war  business  investment  New  Normal  margin  trading  demographic  bubble  property  bubble  equity  bubble  ageing  population  western  world  emerging  middle  class  Frontier  Markets  Developing  BRIC  emerging  market  IMF  OECD  credit  bubble  inequality  Gini  coefficient  Thomas  Piketty  poverty  social  mobility 
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
reflate  reflation  hunt  for  yield  ZIRP  NIRP  QE  asset  allocation  equity  bubble  speculative  bubbles  speculative  speculation  secular  stagnation  New  Normal  asset  bubble  bubble  bond  bubble  bubbles  distortion  economic  history  trickle-down  economics  recovery  UK  USA  Europe  dogma  ideology  austerity  fiscal  policy  fiscal  stimulus  Richard  Koo  Japan  lost  decade  lost  generation  balance  sheet  recession  deleveraging  savings  rate  debtoverhang  debt  servitude  sovereign  debt  crisis  faultlines  Structural  Impediments  participation  rate  unemployment  imbalance  Makers  policy  error  policy  folly  macroprudential  policy  microeconomic  policy  monetary  policy  monetary  theory  unconventional  monetary  policy  monetary  transmission  mechanism  monetary  system  STEM  industrial  policy  Manufacturing  competitiveness  globalisation  globalization  flat  world  commodity  business  commoditization  borderless  deflationary  deflation  Software  Is  Eating  The  Marketplace  mobile  homescreen  mobile  phone  mobile  first  Smartphone  Revolution  2.0  energy  price  Oil  price  inflation  expectation  wage  stagnation  wage  growth  productivity  output  gap  underinvestment  Gini  coefficient  inequality  income  mobility  social  mobility  productive  investment  IMF  OECD  developed  world  emerging  emerging  growth  investment  midd 
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! ]
IMF  OECD  global  economy  global  trade  globalisation  global  imbalances  globalization  borderless  flat  world  GFC  dot.com  recovery  reflate  reflation  secular  stagnation  Richard  Koo  economic  history  austerity  2015  China  USA  UK  Europe  savings  glut  structural  imbalance  distortion  QE  ZIRP  NIRP  monetary  policy  fiscal  policy  underinvestment  productive  investment  output  gap  participation  rate  productivity  Great  Moderation  New  Normal  asset  bubble  equity  bubble  speculative  bubbles  bond  bubble  property  bubble  bubbles  hunt  for  yield  liquidity  trap  monetary  transmission  mechanism  debtoverhang  debt  servitude  deleveraging  balance  sheet  recession  inflation  expectation  deflationary  deflation  Oil  price  energy  price  OPEC  Makers  policy  error  policy  folly  unintended  consequences  complexity  unknown  unkown  share  buyback  Wall  Street  profit  maximisation  shareholder  value  public  investment  infrastructure  investment  business  investment  M&A  mainstreet.org  crony  capitalism  exploitation  short-term  thinking  short-term  view  capitalism  bank  bailout  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  social  contract  political  theory  structural  unemployment  Impediments  faultlines  policy  social  l 
august 2015 by asterisk2a
What is the 'gig' economy? | FT Comment - YouTube
human capital, HR - as cost center. // trading short-term competitiveness (kick ppl of the book according to demand) but trade it in aggregate with long-term social deprivation and skill gaps and underinvestment. because of dog eat dog mentality than you are incentivised to compete on price, because it is the easiest and you are able to to it with those neoliberal labour reforms in Europe. Don't compete with Amazon on price. Don't compete with China/Asia on price. Stupid.
Gig  Economy  1099  Economy  Zero  Hour  Contract  freelancing  freelance  part-time  Contractor  working  poor  precarious  work  uncertainty  squeezed  middle  class  Sozialer  Abstieg  neoliberalism  neoliberal  21stcentury  job  creation  job  market  labour  economics  labour  market  manual  labour  Service  Sector  Jobs  on-demand  convenience  western  world  Zeitarbeit  Leiharbeit  Europe  UK  USA  Germany  capitalism  human  capital  conglomerate  social  safety  net  Universal  Basic  Income  self-employment  tax  credit  poverty  trap  poverty  in  old  age  savings  rate  Policy  Makers  lobbyist  lobby  Lobbying  folly  error  short-term  thinking  short-term  view  meritocracy  meritocratic  Alain  de  Botton  work  environment  philosophy  chronic  stress  Precariat  Future  of  Mobile  Creatives  Mobile  Creative  profit  maximisation  shareholder  value  Workers  Union  Wall  Street  budget  deficit  OECD  IMF  lost  generation  lost  decade  professional  education  vocational  education  education  unintended  consequences  skills  gap  skill-biased  technological  change  Software  Is  Eating  The  Niedriglohnsektor  microeconomic  macroeconomic  deprivation  Perspective  hopelessness  voter  turnout  Career 
august 2015 by asterisk2a
Japan's economy shrinks by 0.4% in a blow for 'Abenomics' growth plan | World news | The Guardian
the country’s main Nikkei stock market index was up strongly by 0.6% as investors expected the government to unleash more monetary stimulus. “Should growth remain sluggish for another quarter and inflation expectations start to fall, the odds of additional monetary easing would increase substantially,” analysts at DBS said in a commentary. Private consumption, which accounts for about 60% of Japan’s GDP, fell 0.8%, as exports dropped 4.4%. “The sharp plunge from the previous quarter’s surprise growth was partly due to disappointing demand for Japanese products in the US, Chinese and other resource-exporting markets,” SMBC Nikko Securities said in a commentary. “Sluggish wage growth and bad weather drove down consumption at home,” it added. // no demand led recovery. debt fuelled recovery! little is fixed thus nothing (kogs) fits and runs by itself as one would expect. // [...] convincing people to splash out on consumer goods has been a struggle
equity  bubble  BOJ  Abenomics  China  2015  western  world  developed  world  Taper  QE  NIRP  ZIRP  economic  history  global  economy  global  trade  Europe  UK  USA  fiscal  policy  monetary  policy  Yen  Richard  Koo  Oil  price  OPEC  energy  price  Supply  and  Demand  Demand  and  Supply  structural  imbalance  Impediments  faultlines  GFC  trickle-down  economics  tax  evasion  tax  avoidance  capitalism  crony  capitalism  Wall  Street  bank  bailout  bailout  microeconomic  policy  microeconomics  behavioral  finance  deleveraging  debt  servitude  balance  sheet  recession  debtoverhang  Psychology  sociology  savings  rate  uncertainty  insecurity 
august 2015 by asterisk2a
China devalues yuan currency to three-year low - BBC News
bbc.in/1WfUOFp // The weakening of the currency will also put the US Fed on the spot. In effect China is exporting deflation to the US - and so some will argue that the Fed should find an elegant way to back away from its recent signalling that September will see the first rise in interest rates since the Crash of 2008. Or to put it another way, in terms of US manufacturers and exporters, Beijing has done the monetary tightening that arguably the US economy needs. // &! tcrn.ch/1Tnj89s Apple shares reaction -5%, higher import costs. // &! bbc.in/1TrsssP - rattles the markets. // &! bit.ly/1JdPM8F - Der starke Verlust des Yuan deutete darauf hin, dass China einen Währungskrieg mit dem Westen provoziert. Doch tatsächlich spiegelt der niedrige Kurs die Schwäche der chinesischen Wirtschaft. // &! 3rd day, 3 devaluation move - bit.ly/1Ns1kmu &! Western central banks advised to resist [taper] & 2 prepare 2 ward off deflationary slump in face of cheaper Chinese exports - bit.ly/1DLIEy3
China  economic  growth  2015  yuan  currency  war  devaluation  PBOC  Taper  USA  UK  deflationary  deflation  RMB  Japan  Europe  Germany  disinflation  inflation  expectation  dis-inflation  inflation  inflation  targeting  western  world  BOE  Fed  ECB  BOJ  Brazil  Australia  commodities  IMF  SDR  Forex  Yen  USD  Euro  British  Pound  recovery  faultlines  global  trade  global  economy  globalisation  globalization  global  imbalances  savings  glut  hunt  for  yield  asset  bubble  asset  allocation  ZIRP  NIRP  QE  distortion  unintended  consequences  unknown  unkown  monetary  policy  Oil  price  energy  price 
august 2015 by asterisk2a
The Unseen Consequences of Zero-Interest-Rate Policy
distortion of asset allocation (mal-investment, investment in less productive areas for the economy) and risk appetite by pressure - hunt for yield. keeping zombie banks, consumers, and corporate alive by enabeling to rolling over their debt and even go further out on the time axis (long-term bonds/increase overall maturity of your debt - when it has to be repaid), incentive to buy on cheap credit, instead savings, delay of fiscal, economic, political reform by the given artificial time window (see lack of industrial, manufacturing, education, STEM policy/vision of UK) >> and false impression that austerity works great! // and as Richard Koo in one of his recent presentations (for his new book) said - Fed does not know how Taper will unfold, especially the problematic thing of long-dated bonds on their books and how to get them into the market.
ZIRP  NIRP  QE  Taper  Richard  Koo  economic  history  academia  academics  fiscal  policy  monetary  policy  recovery  GFC  hunt  for  yield  asset  allocation  asset  bubble  2015  distortion  productive  investment  financial  repression  financial  literacy  economic  damage  Group  behaviour  behavioral  economics  savings  rate  balance  sheet  recession  deleveraging  savings  glut  structural  deficit  structural  imbalance  Impediments  faultlines  austerity  Makers  Career  Politicians  No  Representation  policy  folly  policy  error  unintended  consequences  unknown  unkown  UK  USA  Europe  ECB  Fed  Abenomics  lost  decade  lost  generation  BOE  liquidity  trap 
august 2015 by asterisk2a
UK interest rate rises - waiting for lift-off | Business | The Guardian
In 2018 – by when, bear in mind, most of the work of austerity is expected to have been done – Miles calculates that fiscal consolidation will still drag interest rates downwards by more than 0.75% compared to what would otherwise be the case. This is one of the factors explaining the (commonly held) assumption that interest rates will approach a “new normal” over the next few years that is likely to be about half as high as the 5% that prevailed pre-financial crisis. Even in the second half of the parliament this “fiscal headwind” will still be blowing strong. [...] The case for introducing more transparency isn’t mere technocratic trimming. The balance struck between monetary and fiscal policy has big consequences. There are obvious distributional implications (all else equal, mortgage holders win; savers lose). There are ramifications too for the capital allocation process, the current account, and the risk of an asset-bubble. The list goes on: the macro-mix matters.
BOE  Taper  austerity  fiscal  policy  monetary  policy  ZIRP  NIRP  QE  UK  economic  history  recovery  fiscal  stimulus  monetary  stimulus  Mark  Carney  2015  balance  sheet  recession  debtoverhang  deleveraging  savings  rate  consumer  debt  sovereign  debt  crisis  household  debt  debt  monetisation  debt  monetization  private  debt  credit  card  mortgage  market  discretionary  spending  disposable  income  macroeconomics  macroprudential  policy  macroeconomic  policy  microeconomic  policy  current  account  deficit  Makers  policy  folly  policy  error  Career  Politicians  No  Representation  short-term  thinking  short-term  view  David  Cameron  George  Osborne  IMF  OECD  Toff  dogma  ideology  neoliberalism  neoliberal  fairness  Establishment  Privileged  asset  bubble  hunt  for  yield  asset  allocation  speculative  bubbles  Funding  for  Lending  Scheme  Help  to  Buy  Scheme  housing  market  affordable  housing  STEM  education  policy  industrial  policy  globalization  globalisation  competitiveness  competitive  competition  competitive  advantage  London  Westminster  distortion 
august 2015 by asterisk2a
STEPHANIE FLANDERS: It's borrowing and debt driving Britain's recovery | This is Money
New forecasts that went with his speech paint a different picture, of a recovery driven in large part by households borrowing more, and saving less. The level of household debt, relative to income, has been falling since the crisis, as families have cut back and worked to pay off debt. But the new Budget forecasts show it starting to rise again, from the final quarter of this year, moving from 142 per cent of income back up to 166 per cent by 2019. That’s more or less where household debt had got to in the lead up to the financial crisis, after all that irresponsible ‘debt fuelled growth’ under Gordon Brown. [...]And total level of investment is now more than 20 per cent below where it was at the start of 2008. // &! bit.ly/1IxXKax - low inflation, no inflation pressures expected till 2016 // &! bit.ly/1DepsJ2 - The UK has the most unbalanced economy of any OECD country.
2015  recovery  UK  austerity  fiscal  policy  monetary  policy  ZIRP  NIRP  QE  debt-fuelled  recovery  debt  monetisation  debt  monetization  economic  growth  economic  multiplier  productive  investment  asset  allocation  distortion  speculative  bubbles  hunt  for  yield  current  account  deficit  savings  rate  debt  servitude  household  debt  mortgage  market  Taper  credit  card  consumer  debt  debtoverhang  sovereign  debt  crisis  Super  Cycle  public  debt  private  debt  debt  bubble  NPL  Makers  Manufacturing  STEM  George  Osborne  short-term  thinking  short-term  view  David  Cameron  Career  Politicians  No  Representation  fiscal  stimulus  IMF  OECD  Toff  Privileged  Establishment  social  mobility  downward  mobility  Gini  coefficient  fairness  policy  error  policy  folly  interest  groups  democracy  social  tension  social  cohesion  budget2015  general  election  2015  election  campaign  promises  competitiveness  competitive  flat  world  borderless  global  trade  structural  imbalance  Impediments  secular  stagnation  Richard  Koo  deflationary  deflation  inflation  expectation  inflation  targeting  disinflation  inflation  Mark  Carney  BOE  balance  sheet  recession  deleveraging  economic  history  faultlines  global  imbalances  industrial  policy  output  gap  productivity 
july 2015 by asterisk2a
Yellen: There's Still Slack in Labor Markets - YouTube
>> signs that a debt fuelled recovery doesn't fix the long standing (since 90's 2000's post dot.com) underlying fundamentals of an economy. // low wage low productivity jobs especially part-time and minimum wage - doe not have an economic multiplier as a whole, they cost the economy or are at least net-net 0. // it is the same in UK. and signs show in Germany as well. // &! subprime was one of many predatory lending practices to financial illiterate ppl and exploitation of the underbanked/unbanked, and banks also choose to charge minorities higher interest rates - youtu.be/CbW9mH7p_8E + and add also practices of Payday Loans. Those things are a symptoms of the system at large. Resulting in the Poverty Trap.
USA  labour  economics  labour  market  participation  rate  skills  gap  underemployed  part-time  2015  education  policy  vocational  education  social  mobility  downward  mobility  self-employment  Gini  coefficient  squeezed  middle  class  long-term  unemployment  unemployment  youth  unemployment  employabilitie  employability  structural  unemployment  structural  imbalance  Impediments  secular  stagnation  output  gap  productivity  recovery  GFC  competitiveness  competitive  globalisation  globalization  borderless  flat  world  fiscal  policy  monetary  policy  debt  monetisation  debt  monetization  economic  history  infrastructure  investment  Makers  Career  Politicians  No  Representation  Sozialer  Abstieg  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  Zeitarbeit  Leiharbeit  Zero  Hour  Contract  Contractor  precarious  work  Precariat  working  poor  economic  growth  trickle-down  economics  economic  damage  economic  model  shared  economic  interest  long-term  view  long-term  thinking  short-term  thinking  short-term  view  Opportunism  opportunist  policy  folly  policy  error  microeconomic  policy  job  creation  job  market  job  security  Minijob  Aufstocker  minimum  wage  living  wage  disposable  income  savings  rate  discretionary  spending  well  being  dot.com  UK  Lohnzurückhaltung  lohndumping  mindestlohn  wage  growth  wage  stagnation  inequality  income  inequality  income  mobility  capi 
july 2015 by asterisk2a
The Coming Crash & The Recession That Never Ended - Part 1 - YouTube
Part 2 youtu.be/SpJ4L2QGNI4 [ min 2:00 post WW2 german debt jubilee - American & Britain needed Germany as bulwark against USSR! thus Germany had leverage because it was systemic. Greece is not systemic, nor needed. Thus they openly talk, relaxed, abt Grexit. Grexit was systemic risk in the first ~3 years post GFC, because of underfunded German, Frensh and Belgian zombie banks. 6:00 PIGS generation will be disillusioned about claims of European Union unity! 7:30 austerity ] // &! Part 3 - youtu.be/FWulzJy2oXc Bernie Sanders on inequality &! social mobility, skills gap, ... make-up of USA economy is a impediment to future growth (output gap, no more 3% annually) & also part-cause of inequality ... &! Part 4 youtu.be/8wzDwU1pzpY - China may tumble bc they dont have the internal & global demand for the infrasturcture/economy they have build (debtoverhang, debt servitude) &or social uprising &! USA overreach // Forget QE, Wall Street’s new drug is the stock buyback - on.mktw.net/1HDtdUR
Richard  Wolff  Taper  equity  bubble  China  irrational  exuberance  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  asset  bubble  hunt  for  yield  stock  buyback  fundamentals  economic  growth  recovery  UK  USA  balance  sheet  recession  Europe  Richard  Koo  job  creation  Service  Sector  Jobs  labour  market  participation  rate  underemployed  structural  unemployment  structural  imbalance  Impediments  unemployment  youth  unemployment  long-term  unemployment  Gini  coefficient  income  growth  disposable  income  low  income  income  distribution  income  inequality  wage  growth  wage  stagnation  employment  self-employment  squeezed  middle  class  precarious  work  working  poor  social  mobility  income  mobility  Robert  Shiller  robertshiller  part-time  Contractor  Zero  Hour  Contract  uncertainty  Niedriglohnsektor  minimum  wage  Niedriglohn  Lohnzurückhaltung  lohndumping  Zeitarbeit  Leiharbeit  monetary  policy  fiscal  policy  deleveraging  debtoverhang  savings  rate  debt  servitude  Super  Cycle  behavioral  economics  behavioral  finance  skills  gap  education  policy  vocational  education  economic  history  economic  model  trickle-down  economics  discretionary  spending  dogma  ideology  austerity  neoliberal  neoliberalism  democracy  Career  Politicians  No  Representation  debt  monetisation  debt  stagnation  inequality  history  debt  debt  debt  m 
july 2015 by asterisk2a
The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad - YouTube
bankers are greedy & excess speculation, is the story. Fed controls short-term interest rate through interest rate setting/Fed meetings based on fundy of American economy, // NIRP (greenspan put) post dot.com, distorts market, decision makers decisions. housing bubble w help of NIRP after dot.com & home-ownership campaign in bush years (fiscal stimulus/subsidies) 2 push that "asset." Not "home" to live in. // banks got too big to fail (their balance sheet/lending book) as liabilities (toxic assets - real downside unknown (due to complexity and day to day changes during crisis years), like CDO/CDS etc) overtook book, overall, value. Banking being actually insolvent, but how insolvent one doesn't know. Thus bad bank idea. ACCOUNTING. // Paul Volker raised rates ... was able, because USA (private household, banks, corporates) were not in a balance sheet recession. Problem was endogenous. // Deregulation + Lax accounting contributed to GFC greatly, unable to value banks books.
GFC  economic  history  fractional  reserve  banking  financial  crisis  monetary  theory  systemicrisk  Greenspan-Put  NIRP  ZIRP  negative  real  interest  rate  interestrate  dot.com  reflation  reflate  balance  sheet  recession  deleveraging  debtoverhang  savings  rate  leverage  alangreenspan  greenspan  Ben  Bernanke  benbernanke  distortion  housing  market  accounting  too  big  to  jail  toobigtofail  TBTF  financial  market  financial  incentive  speculative  bubbles  speculative  speculation  hunt  for  yield  asset  allocation  asset  bubble  TARP  subprime  QE  stresstest  timgeithner  henrypaulson  economic  model  economic  damage  macroeconomic  policy  fiscal  policy  monetary  policy  history  paulvolcker  complexity  incomplete  information  business  confidence  consumer  confidence  confidence  banking  crisis  zombie  banks  mark-to-market  Janet  Yellen 
july 2015 by asterisk2a
Mark Carney indicates that interest rates may rise this year - BBC News
>> uk is as USA, consumer dependent // bbc.in/1M8GM3L - 2% in two years - inflation targeting, slack in economy drag on rising cost, ... // looks forward how inflation looks at the turn of the year! as commodity price drop gets out of calculation y/y. // &! http://www.bbc.co.uk/news/business-33560035
UK  BOE  2015  Taper  NIRP  ZIRP  QE  Help  to  Buy  Scheme  Funding  for  Lending  Scheme  Mark  Carney  monetary  policy  mortgage  market  property  bubble  housing  market  liquidity  trap  balance  sheet  recession  debtoverhang  deleveraging  recovery  economic  history  GFC  Richard  Koo  BIS  unconventional  monetary  policy  monetary  transmission  mechanism  monetary  theory  savings  rate  credit  card  consumer  debt  household  debt  private  debt  debt  monetisation  debt  monetization  economic  model  trickle-down  economics  austerity  fiscal  policy  secular  stagnation  disposable  income  discretionary  spending  inflation  targeting  output  gap  productivity  2016 
july 2015 by asterisk2a
Joseph Stiglitz: It’s Time to Get Radical on Inequality - YouTube
Nobel laureate Stiglitz, author of The Price of Inequality and The Great Divide, studies the forces driving inequality and what is at stake if it continues. In his view, bad economic thinking deserves part of the blame — fanciful ideas like trickle-down and the notion that economists should try to increase the size of the economic pie and let the politicians worry about distribution. On the contrary, Stiglitz sees distribution as a problem economists must confront. He warns that an economic system that doesn’t raise standards of living for most Americans is a failure. [...] monopoly rent = too big to fail/tbtf (bailout) == cost to society/economic damage == where was antitrust!? monopolies are less productive & costly eventually in the long-term. rent exploitation through lobby! [...] this is bad for everyone, rising inequality, lower inequality is an econ multiplier // &! The Great Divide with Joseph Stiglitz and Robert Reich - youtu.be/e3aJxy9tA-w &! youtu.be/U-oEjFKCp00 NEET
inequality  income  inequality  gender  inequality  Gini  coefficient  social  mobility  downward  mobility  income  mobility  working  tax  credit  child  tax  credit  tax  code  capital  gains  fairness  income  distribution  capital  gains  tax  earned  income  tax  tax  avoidance  tax  evasion  corporate  tax  rate  tax  free  income  tax  credit  welfare  state  Public  Services  Services  austerity  trickle-down  economics  economic  model  economic  history  book  Privileged  progressive  kalte  Progression  coldprogression  wealth  distribution  academia  academics  neoliberal  neoliberalism  liberal  economic  reform  precarious  work  working  poor  poverty  trap  child  poverty  well  being  education  policy  vocational  education  skills  gap  paternity  leave  maternity  leave  gender-based  discrimination  gender  equality  Women  in  Tech  STEM  added  value  value  creation  shared  economic  interest  economic  damage  microeconomic  policy  economic  growth  disposable  income  discretionary  spending  Thomas  Piketty  Joseph  Stiglitz  josephstiglitz  Gesellschaft  social  tension  social  cohesion  society  uncertainty  insecurity  Career  Politicians  savings  rate  job  creation  labour  market  labour  economics  Lohnzurückhaltung  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  minimum  wage  living  wage  Contractor  Zero  Hour  Contract  Leiharbeit  Zeitarbeit  exploitation  Wall  Street  profit  maximisation  shareholder  value  crony  interest  interest  capitalis 
july 2015 by asterisk2a
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.org  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
The escape from the balance sheet recession and the QE trap: An interview with Richard Koo - YouTube
"deflationary" is a symptom of balance sheet recession, deleveraging, debtoverhang ... of the private sector, corporate sector (& public gov sector) (to repair balance sheet). inflation of price of goods 2 live is still existent. you cant eat laptops. inflation is still present. actions of private sector, corporate sector to repair balance sheet (and even public sector, all three together) is deflationary. // UK! interesting is that consumer still borrows ie via credit card and mortgages. // question is how long UK can run such a big current account deficit. somebody has to pay for it, if not the gov with debt, then it has to be the private sector. as long as it can serve debt payments, as long as it has wage growth (increase of productivity, closing of output gap). But job creation during recovery was mostly Service Sector Jobs & self-employment. Not added value STEM. // corporate sector will not, in the long-run, pay for current account deficit w debt. &! youtu.be/EhYvaMc3f44
Richard  Koo  deflationary  book  mortgage  market  credit  card  private  debt  austerity  underinvestment  household  debt  current  account  deficit  UK  George  Osborne  David  Cameron  dogma  ideology  economic  history  economic  model  value  creation  added  value  STEM  productivity  productive  investment  infrastructure  investment  short-term  thinking  short-term  view  budget2015  public  investment  personal  investment  business  investment  economic  damage  microeconomic  policy  macroeconomic  policy  BOE  Mark  Carney  Toff  Privileged  Establishment  Tories  Conservative  Party  long-term  view  long-term  thinking  Career  Politicians  structural  deficit  Impediments  structural  unemployment  underemployed  part-time  Service  Sector  Jobs  job  creation  skills  gap  labour  market  labour  economics  Student  Maintenance  Grant  Higher  Education  policy  vocational  debt  loan  Gini  coefficient  social  mobility  income  mobility  welfare  state  poverty  trap  child  poverty  poverty  tax  code  working  tax  credit  corporate  tax  rate  child  tax  credit  tax  credit  tax  free  income  disposable  income  savings  rate  structural  imbalance  debt  servitude  ZIRP  NIRP  QE  fiscal  policy  fiscal  stimulus  monetary  policy  MervynKing  discretionary  spending  job  security  uncertainty  inequality  income  inequality  gender  inequality  propaganda  populism  media  conglomerate  manufactured  consent  skill-biased  technological  change  Funding  for  policy  gap  policy  policy  Lendin 
july 2015 by asterisk2a
Richard Koo: "Out of the Balance Sheet Recession and into QE 'Trap'" - YouTube
Released new book end of 2014. // Banks unable to lend money 2 unwilling (eligible) customers. Money remains on the private banks (&Central Banks in form of bonds) balance sheets/books & mostly allocated towards parking it overnight @Central Banks deposit facility (thus ECB put up a deposit levy, late into the game) or liquid fairly un(der)productive investment classes like gov bonds. // Companies (& people ie 4 education/housing) borrowing & investing (into the future, that is uncertain, unknown, deflationary)!? // 19:30 Even Abenomics is not working. Bc trauma towards Debt! behavioural economics: experience of debt servitude on less income, additional uncertainty & distrust! // Lowering corporate tax rate (like George Osborne) does not help. // Persistent low inflation expectations. // Taper extremely difficult: 2.5trn excess in long bonds. Unknown territory. Possibly future higher interest rates than fnd economic growth does warrant - adding to output gap & new normal.
2015  UK  USA  liquidity  trap  QE  ZIRP  NIRP  balance  sheet  recession  deleveraging  debtoverhang  Japan  Fed  BOE  BOJ  GFC  recovery  austerity  economic  history  economic  model  academia  deflationary  monetary  transmission  mechanism  M3  LTRO  TLTRO  lost  decade  lost  generation  fiscal  policy  monetary  policy  Career  Politicians  bond  bubble  equity  bubble  property  bubble  negative  real  interest  rate  deposit  levy  economic  growth  trickle-down  economics  secular  stagnation  headwinds  Great  Depression  PIIGSFB  PIGS  macroeconomic  policy  microeconomic  policy  economic  damage  behavioral  economics  zombie  banks  Abenomics  squeezed  middle  class  wage  growth  wage  stagnation  cash  flow  cash  flow  management  trust  distrust  long-term  view  long-term  thinking  sovereign  debt  crisis  debt  servitude  household  debt  debt  monetisation  debt  monetization  Super  Cycle  student  loan  debt  private  debt  consumer  debt  student  debt  George  Osborne  David  Cameron  competitiveness  competitive  industrial  policy  budget2015  business  investment  infrastructure  investment  demographic  bubble  uncertainty  Sozialer  Abstieg  disposable  income  discretionary  spending  Yen  JGB  Taper  greatrecession  USD  dogma  ideology  public  investment  short-term  thinking  short-term  view  productivity  output  gap  underinvestment  productive  investment  book  rate  private  savi 
july 2015 by asterisk2a
Can we ever really expect to see the growth of the past again? - Telegraph
>> what kind of jobs have been created since 2009? no high productivity/output jobs with marginal costs for each additional unit produced. those just fill in some gap. but do not add to above par economic output (blue ocean) // dot.com recovery was debt fuelled. GFC recovery was debt fuelled. // monetary policy might have saved the world momentarily, but fiscal policy did not put logs and pillars under the world, their respective economies - being prudent - looking long-term raising competitiveness with skilled workforce. things are now as a whole, as wobbily as they were 2009/10. Period.
secular  stagnation  Taper  output  gap  productivity  western  world  UK  USA  deflationary  Europe  structural  imbalance  Impediments  underemployed  labour  market  labour  economics  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  job  creation  job  market  economic  history  recovery  GFC  dot.com  policy  folly  policy  error  education  policy  vocational  education  Future  of  Work  Mobile  Creatives  Mobile  Creative  competitiveness  competitive  globalisation  globalization  flat  world  borderless  economics  of  abundance  marginal  cost  economic  damage  microeconomic  policy  long-term  view  long-term  thinking  employability  structural  unemployment  asset  bubble  ZIRP  NIRP  QE  workforce  austerity  IMF  OECD  economic  growth  lost  decade  lost  generation  disposable  income  discretionary  spending  squeezed  middle  class  precarious  Precariat  Zeitarbeit  Leiharbeit  Minijob  working  poor  Gini  coefficient  income  mobility  downward  mobility  social  mobility  Super  Rich  1%  Sozialer  Abstieg  Existenzangst  demographic  bubble  sovereign  debt  crisis  debtoverhang  balance  sheet  recession  savings  glut  deleveraging  Career  Politicians 
june 2015 by asterisk2a
Child poverty measurement set to change - BBC News
"We are all in this together." // "In short - can a [Tory gov] that says it is governing for "One Nation" unpick the rules around measuring & cutting the # of poor children in Britain without being accused of cynicism? // &! bit.ly/1GySqhN "The plan sounds reasonable, but the purpose is to whip up confusion at a time when the poor are about to get poorer. [...] “blue-collar Conservatism”, appealing to working-class Tories who are not much interested in such abstractions as relative poverty, but can certainly be rallied against those who are felt to be living at the expense of hard-pressed taxpayers." [pitting them against each other]. &! bit.ly/1TNlpbz &! bit.ly/1x0Ghmu existential threat &! bit.ly/1BMOJtg &! bit.ly/1K9G3OE bit.ly/1QQvINd &! Scrapping £320m independent living fund - bit.ly/1SJO4wT &! bit.ly/1TFWHdg 'trickle-down doesnt work, says IMF [...] 1% & well off only buy 1 pair of jeans. power 2 implement reform? [= rebellion, not able with status quo ppl << Chris Hedges]'
KPI  measurement  child  poverty  social  mobility  education  policy  Public  Services  Services  austerity  income  mobility  UK  Gini  coefficient  IMF  OECD  David  Cameron  economic  history  Conservative  Party  George  Osborne  Iain  Duncan  Smith  DWP  Future  of  Work  No  Representation  Toff  Establishment  Privileged  fairness  gesellschaft  Zivilgesellschaft  Sozialer  Abstieg  food  poverty  poverty  precarious  Precariat  underemployed  working  poor  minimum  wage  child  tax  credit  working  tax  credit  inequality  downward  mobility  tax  free  income  opportunist  Opportunism  class  warfare  class-warfare  squeezed  middle  class  short-term  thinking  short-term  view  noise  pollution  political  economy  Career  Politicians  Tories  uncertainty  competitiveness  competitive  globalisation  globalization  civil  society  sociology  social  tension  social  cohesion  PR  relations  communication  Spin  Doctor  practical  skills  practical  skill  set  skill-biased  technological  change  vocational  education  psychology  chronic  stress  premature  ageing  health  crisis  mental  health  mental  illness  health  health  policy  democracy  minority  disability  Disabled  trickle-down  economics  bailout  recovery  toobigtofail  TBTF  too  big  to  jail  wage  growth  liberal  economic  reform  tax  tax  tax  consumeris 
june 2015 by asterisk2a
Jeremy Rifkin: The Third Industrial Revolution - YouTube
fossil fuels // 148$/barrel of oil followed by GFC = peak globalisation based on price ceiling of 148$/barrel of oil "peak oil per capita" << affordability! THUS only renewable energy can sustain globalisation and economic growth! meaning affordable prices for long-term // Alarm bells are Unilever and P&G! // post-88 recession (definitive end of American boom years and baby boomers) and coming globalisation build on Americas purchasing power based on savings & debt (living off credit & debt [fictional economy]) till 2008 // climate change is the defining moment in our species history; extreme weather, ecological environmental disaster, mass extinction of life on planet earth possible. loosing 70% of species by 2100. there is no guarantee that WE will remain! have to be off carbon in 30 years. its down to the wire. Wall Street has no shared, long-term, economic interest in that. Corporations are no stakeholders in earth // democratisation of energy creation "Energy Internet" //
Industrial  Revolution  2.0  book  fossil  fuel  economic  growth  peakoil  Oil  price  oilprice  renewable  energy  green  energy  Industrial  Revolution  carbonfootprint  sustainable  sustainability  globalisation  globalization  Capitalism  economic  history  USA  Debt  Super  Cycle  consumer  household  savings  rate  bubble  private  debtoverhang  deleveraging  GFC  recovery  climate  change  global  warming  energy  price  wind  energy  energy  security  energy  policy  energy  efficiency  ecological  disaster  environmental  disaster  Wall  Street  shareholder  value  stakeholder  long-term  view  long-term  thinking  productive  investment  underinvestment  western  world  lobbyist  lobby  Lobbying  Al  Gore  corporate  governance  corporate  culture  corporate  values  post-carbon 
may 2015 by asterisk2a
Macroeconomics Causes of Inequality - YouTube
"consumption drives much of the economy" // free up disposable income >> free child care, health care, limit exploitation of financial illiterate people (% interest on pay day loans, overdraft charges, dispo), public services, social services, pension contribution by state (preventing poverty at old age), tax credits for low income and children and carers, free education and vocational education/continual education - enabling to move up the ladder, // min11 - secular stagnation post GFC compared to previous recessions in terms of real household demand (balance sheet recession, debt overhang, deleveraging (debt repayment), and lack of new issuance of consumer credit I guess, too + rising income equality! lower redistribution from top to bottom (fair taxation) reduces recycling of income (freed up by policy items above) into demand. // min 18 - top 5% society (luxury, vanity, status) takes over bottom 80% society in aggregate terms of consumption. Economy driven by WHOM?! Affluent!
income  inequality  inequality  social  mobility  income  mobility  vocational  education  education  policy  Gini  coefficient  Makers  squeezed  middle  class  middle  class  working  poor  precarious  work  Precariat  savings  Proletariat  economic  model  trickle-down  economics  macroeconomic  policy  economic  growth  Super  Rich  1%  tax  free  income  Universal  Basic  tax  credit  tax  code  tax  avoidance  tax  evasion  consumption  consumerist  consumer  credit  creation  budget  deficit  exploitation  shareholder  value  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  lohndumping  Zeitarbeit  Leiharbeit  Zero  Hour  Contract  productivity  Werkvertrag  disposable  income  discretionary  spending  contractor  outsourcing  fairness  unrecht  bailout  Career  Politicians  gender  pay  gap  policy  folly  policy  error  Soziale  Marktwirtschaft  working  class  Blue-collar  Worker  White-collar  Worker  knowledge  GFC  debtoverhang  balance  sheet  recession  liquidity  trap  deleveraging  secular  stagnation  austerity  UK  USA  economic  history  recovery  fiscal  policy  fiscal  stimulus  Schuldenbremse  Pact  Western  World  Europe  deflationary  consumer  debt  consumer  confidence  dot.com  Privileged  Establishment  convenience  on-demand  innovation  Silicon  Valley  wealth  distribution  income  distribution  income  growth  income  gap  redistrib 
may 2015 by asterisk2a
Gillmor Gang: Money for Nothing - Gillmor Gang | TechCrunch TV
min 42 // A Round is now a "post-traction" investment aka proven product & business model. A Round is an investment to scale it up, put it up a bunch of gears. // Keith Teare from chat.center (tcrn.ch/1IWFQ1X) people now doing pre-seed, seed, seed prime & bridge funding via existing investors; figuring out Product/Market fit, traction, funnel, etc. Now more than ever a hits driven business. // see also tcrn.ch/1c54UpN // Complexity of phenomenon - symptoms, causes and tangents; biases, selection bias, pattern matching, bidding up hot deals in the private market where the highest bidder will get the deal - irrationality of accepting those valuations and the founders Unicorn-status need, hunt for yield, trendy - the future, when doing 'hard things' becomes fashionable (ie Reality TV, TV Series & a shallow Channel 4's How To Be A Young Billionaire) then beware, negative yields for secure investments (bonds and corp debt), perceived 'conservative' value vs private bid up bubble potential.
Seed  Round  A  Round  traction  hunt  for  yield  ZIRP  NIRP  QE  unintended  consequences  Silicon  Valley  asset  bubble  asset  allocation  behavioral  finance  bond  bubble  bubbles  equity  bubble  demographic  bubble  secular  stagnation  complexity  growth  Start-Up  lesson  Start-Up  advice  pattern  matching  selection  bias  confirmation  bias  bias  Unicorn  Wall  Street  Private  Mutual  Fund  Hedge  Fund  Venture  Capital  savings  glut  productive  investment  business  model  Snapchat  WhatsApp  Instagram  Slack  Uber  productivity  output  gap  STEM  Share  Economy  Services  Industry  Niedriglohnsektor  incomplete  information  economic  history  marginal  cost  liquidity  trap  sovereign  debt  crisis  debt  bubble  zombie  banks  zombie  consumer  zombie  corporations  structural  imbalance  global  imbalances  faultlines  Product/Market  Fit  value  creation  1000  True  Fans  Core  Product  Proposition  differentiate  differentiation 
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
Inside Out London - The Great Property Race
London, one of the most expensive places on earth to live. // Inside Out London - The Great Property Race - Mark Jordan joins first-time buyers and cash-rich Chinese investors as they race to buy homes in the capital's fast, furious and often cruel market. >> London-mania, speculation, ASIAN individual investors leave flats empty & sell them again after 12-18m after much appreciation of value. Buying just based on the prospect & not one stone put down or even speculating on green fields planning permission 5 years down the road. Insane. // &! Existing owners building owners are in a Millionaire Basement Wars - bbc.co.uk/programmes/b05r86yg // Think about all that money being invested long-term into productive investments (STEM) creating current & future opportunity. Lowering the output & productivity gap of UK! Once, a high rise is finished, there are no jobs there that generate tax income from revenue/profit generation - that of a worker or company of the 21st century.
speculative  bubbles  Super  Rich  1%  London  London  Start-up  Scene  distortion  ZIRP  NIRP  hunt  for  yield  QE  secular  stagnation  savings  glut  incomplete  information  economic  history  liquidity  trap  asset  bubble  Wall  Street  ASIA  affordable  housing  property  bubble  UK  Betongold  Beton  Gold  bond  bubble  debt  bubble  zombie  corporations  zombie  banks  productive  investment  macroprudential  policy  BOE  BOJ  Private  Equity  symptom  unintended  consequences  recovery  productivity  output  gap  STEM  Future  of  Work  Mobile  Creatives  Mobile  Creative  Makers  short-term  thinking  short-term  view  policy  folly  policy  error  No  Representation  Career  Politicians  borderless  globalisation  globalization  flat  world  job  creation  research  human  progress  Philosophy  status  anxiety  superficial 
april 2015 by asterisk2a
Would you rather be a real millionaire or a paper billionaire? The psychology of unicorns and the toll on Q1 returns | PandoDaily
And yet total cash going to venture backed companies was a whopping $17.7 billion– up over the $12.6 billion raised in the same period last year. But here’s the thing: Only $11.3 billion of that came from venture firms, throwing into question whether we should even still keep using the adjective “venture-backed” to describe the category. The disparity shows just how much more money is coming from non-VCs like hedge funds, private equity, mutual funds, and sovereign wealth funds, who have watched the private valuation growth of Facebook and the rest of the deca-corns and are desperately trying to get a stake in private companies before they IPO. [...] Things have gotten strange for VCs — and in turn, entrepreneurs — and the climate doesn’t seem to be improving
Private  Equity  Hedge  Fund  Mutual  Fund  growth  round  Venture  Capital  Silicon  Valley  Unicorn  hunt  for  yield  Sovereign  Wealth  Fund  distortion  ZIRP  NIRP  QE  bubble  bond  bubble  debt  bubble  zombie  corporations  zombie  banks  Super  Cycle  savings  glut  liquidity  trap  productive  investment  speculative  bubbles  Wall  Street  incomplete  information  market  confirmation  bias  pattern  matching  pattern  recognition  selection  bias  bias  behavioral  finance 
april 2015 by asterisk2a
Deutschlands Handelsbilanz: Die Probleme einer Exportnation - SPIEGEL ONLINE
In Deutschland wird zu wenig investiert, zugleich spielen wir bei den Exporten bald in unserer eigenen Liga. Die Unternehmenslobby fordert eine Senkung der Lohnkosten. Doch genau das Gegenteil wäre die richtige Lösung. // &! Müllers Memo: Der Kapitalismus funktioniert nicht mehr - Die Weltwirtschaft leidet immer noch stark unter den Folgen der Krise von 2008. Der Hauptgrund: Die Unternehmen investieren viel weniger als früher.
business  confidence  trustagent  trust  GFC  recovery  deleveraging  global  imbalances  balance  sheet  recession  debtoverhang  sovereign  debt  crisis  PIGS  Europe  ECB  economic  history  IMF  austerity  OECD  business  investment  productive  investment  productivity  output  gap  UK  Wall  Street  Germany  France  infrastructure  investment  BRIC  Asia  Latin  America  borderless  globalisation  flat  world  globalization  savings  glut  ZIRP  NIRP  QE  hunt  for  yield  bond  bubble  debt  bubble  unintended  consequences  Taper  USA  Fed  BOE  Abenomics  BOJ  lost  decade  lost  generation  youth  unemployment  precarious  work  Precariat  Service  Sector  Jobs  Share  Economy  Services  Industry  Industrial  Revolution  Future  of  Software  Is  Eating  The  automation  Robotics  AI  artificial  intelligence  augmented  intelligence  algorithm  Super  Rich  1%  middle  class  squeezed  middle  class  living  wage  working  poor  Exportweltmeister  crony  capitalism  exploitation  lobby  Lobbying  lobbyist  Career  Politicians  No  Representation  consumer  confidence  demographic  bubble  zombie  corporations  zombie  banks  zombie  consumer  secular  stagnation  structural  imbalance  Impediments  faultlines 
april 2015 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 Crisis of Global Capitalism: ten years on - YouTube
First Part: globalisation is the dispersion of industrial power and revolution and somewhat form of modern form of democracy, government, politics, policy making ... across the world, creating new geopolitical powers to those who didnt had them before, and gave leadership roles to countries which didnt had them before (China, Brazil, Russia, ...) and takes power partially away from those who were holding them solely (USA, UK). Western world can only protect their citizens to a certain extent. - might even come a time where austerity is enforced and taxes are raised, in the western world. << Secular Stagnation "Weltweite Angleichung" // Profound ignorance and hubris that crisis and busts are tameable and calculable (ie banks using risk adjusted formulas that did not account for the chance of GFC extent, and today Stress Tests by Central Banks ... same hubris). // World will stumble upon environmental crisis; dirty energy, water usage & china buying up Africa for agriculture.
globalisation  globalization  Software  Is  Eating  The  World  Industrial  Revolution  borderless  neoliberalism  neoliberal  protectionism  book  sovereign  debt  crisis  austerity  Capitalism  crony  economic  history  savings  glut  GFC  recovery  bank  bailout  zombie  banks  liquidity  trap  complexity  unintended  consequences  industrialisation  marginal  cost  economics  of  abundance  abundance 
april 2015 by asterisk2a
If The UK Economy Is Doing So Well, Why Does It Feel So Bad? — Bull Market — Medium
( http://www.bbc.co.uk/news/business-32163541 ) Certainly in the case of the UK, productivity growth (the ultimate driver of higher living standards) has been exceptionally weak. And even if the UK is an exceptional case, productivity weakness has been widespread globally - as Bank of England Monetary Policy Committee member Martin Weale has recently argued. As Karl Whelan has argued, there are reasons to worry that this reflects a longer term trend rather than just a hang-over from the financial crisis. In other words, if we are trying to explain weak growth we may need to pay as much attention to the supply side of the economy as the demand side. [...] Professor Summers, his broader secular stagnation thesis does take into account supply side factors which have reduced the desired rate of investment. [...] the political debate on the economy suffers from an illusion of control. [ gov bonds are no uber productive investments ]
UK  recovery  output  gap  productivity  GFC  Software  Is  Eating  The  World  marketplace  efficiencies  Robotics  outsourcing  offshoring  contractor  borderless  globalisation  flat  deflationary  globalization  competitiveness  competition  competitive  STEM  education  policy  apprenticeships  Makers  short-term  thinking  short-term  view  austerity  social  mobility  income  mobility  Gini  coefficient  inequality  Career  Politicians  No  Representation  Structural  Impediments  imbalance  savings  glut  ZIRP  QE  NIRP  hunt  for  yield  bond  bubble  productive  investment  marginal  cost  economics  of  abundance 
april 2015 by asterisk2a
In Silicon Valley Frenzy, VCs Create New Inside Track - WSJ
special purpose vehicles are create to put together and make possible in the first place these mega growth rounds, sometimes mainly by existing investors own network. Because some funds raised itself by VC's are just 200-500m - covering an expected distance of 5 years with an additional 5 years or more till maturation of investments done with said fund, more even longer like +10 years. Some even are not cashing out during an IPO of said investment, bc history/data has shown that the return is of the long-term greater past the IPO compared to investment point to IPO. // "“Entrepreneurs should focus on investors that deliver value to them,” said Jeff Clavier, managing partner of venture firm SoftTech VC. “When you crowd out experience just to get an SPV going, then that’s a problem.” // ie a16z which is not ur usual VC shop but more like a services shop 2 support & put said investment on a fast track ie HR & Ops. Same with s23p providing detailed risk analysis & to do list 4evry pitch.
Silicon  Valley  Unicorn  Venture  Capital  Networking  savings  glut  allocation  efficiency  asset  allocation  allocation  Private  Market  Public  Market  transparency  inefficiencies  marketplace  efficiencies 
april 2015 by asterisk2a
Why 'secular stagnation' matters - BBC News
The question at stake is the issue of "secular stagnation", which is probably the biggest and most important controversy in macroeconomics today. This is not though a debate for the ivory tower, it's an issue with significant real world implications. [...] So what is secular stagnation? It's an idea that originated in the late 1930s with the US Keynesian economist Alvin Hansen. He worried that growth was fundamentally slowing and emphasised demographic factors (such as slowing population growth) as a driver of this. [ western world needs immigration as reproduction level is below 1, capitalism and our economics is fundy based on econ growth, but that is, on the horizon, not possible (excl inflation). what if population is stable!? ] [...] In a nutshell secular stagnation is an attempt to explain the weakness of the global recovery in advanced economies since the 2008 crisis. [ decelerating, debt overhang, balancesheet recession, sov debt crisis ] [...]
secular  stagnation  Europe  Japan  economic  history  lost  decade  global  imbalances  rebalancing  demographic  bubble  demographics  demography  immigration  western  world  economic  growth  deleveraging  balance  sheet  recession  liquidity  trap  sovereign  debt  crisis  Super  Cycle  debt  bubble  bond  bubble  QE  debt  monetization  debt  monetisation  stagflation  deflation  deflationary  zombie  banks  zombie  consumer  austerity  full  employment  Larry  Summers  Paul  Krugman  Ben  Bernanke  savings  glut  complexity  incomplete  information  productivity  output  gap  productive  investment  unintended  consequences  ZIRP  NIRP  hunt  for  yield 
april 2015 by asterisk2a
Live chart: The low countries - YouTube
Timothy Geithner says no risk of U.S. losing it's AAA credit rating - http://youtu.be/0HDCvqgxrrE || Geithner: Japan's 'Lost Decade' Not America's Fate - http://youtu.be/fax8BIPKcP8 "the hope it's gonna heal itself, to hope you can grow yourself out of it" growing your way out of it" || +!!! Timothy Geithner Fired Robert Shiller? http://youtu.be/bIwBEYoSqKY >> economics has no humans in it !!! no real world example. Conventional wisdom so strong. "We've got too scientific." And anybody who is 'flaky' gets pushed out [Robert Schiller]. >>Wenn du dich auf andere verlaesst, bist du verlassen.<< || Robert Shiller: Speculative Asset Prices - http://youtu.be/oBXPOWytDMs "present value". google.co.uk/search?q=present+value+Robert+Schiller || + Robert Shiller: Nobel Prize Winning Economist - http://youtu.be/ABvtKGrIDUs "it can't be an exact science (forecasting) because of the complexity, mass data; uncertain, certain, and data that can't be put in numbers, storystelling -> feedback loops ...
bond  bubble  Japan  USA  UK  Europe  Germany  hunt  for  yield  lost  decade  lost  generation  deflation  deflationary  liquidity  trap  financial  repression  economic  history  Tim  Geithner  Timothy  Geithner  austerity  balance  sheet  recession  Richardkoo  Richard  Koo  creditrating  creditrisk  debt  monetization  debt  monetisation  QE  ZIRP  NIRP  monetary  transmission  mechanism  monetary  policy  monetary  stimulus  unconventional  monetary  policy  monetary  theory  Super  Cycle  debt  jubilee  GFC  deleveraging  debtoverhang  Career  Politicians  Makers  policy  folly  policy  error  toobigtofail  TBTF  systemrelevanz  Lobbying  lobbyist  lobby  fiscal  stimulus  fiscal  sovereignty  PIGS  sovereign  debt  crisis  Thomas  Piketty  Mobile  Creative  Mobile  Creatives  flat  world  globalisation  globalization  savings  glut  faultlines  Structural  Impediments  unemployment  deficit  imbalance  GDP  economic  model  Robert  Skidelsky  Robert  Reich  Paul  Krugman  consumer  debt  public  debt  debt  restructuring  household  debt  zombie  banks  creditcrunch  creditcrisis  ECB  BOE  BOJ  Abenomics  Fed  BuBa  leadership  Democratic  Process  democracy  trust  trustagent  confidence  greatrecession  greatdepression  history  evolution  Why  Software  Is  Eating  the  Software  Is  Eating  skill-biased  techn 
june 2014 by asterisk2a
Hugh Hendry Capitulates: "Can't Look At Himself In The Mirror" As He Throws In The Towel, Turns Bullish | Zero Hedge
First David Rosenberg, then Jeremy Grantham, and now Hugh Hendry: one after another the bears are throwing in the towel. As Investment Week reports, speaking at Harrington Cooper's 2013 conference this morning, Hugh Hendry said "he is no longer fighting the two-way feedback loop which is continuing to boost risk assets." The reflexive feedback loop envisioned by Hendry is the following and centres on the currency war being played out between the US and China, "in which US QE prompts dollar-denominated investment to head to China, and China fights the resulting upwards pressure on its currency by manufacturing an investment boom. Hendry said this creates a "global supply glut", leading to falling US inflation expectations (as this supply far outweights US domestic demand) - which in turn prompts the Federal Reserve to loosen policy once again." Rinse. Repeat. [... DONT FIGHT THE FED ...] [...] You have got to be in things that are trending.
HughHendry  supply-demand  savings  glut  supply  glut  QE  ZIRP  deflation  deflationary  reflation  inflation  monetary  policy  unconventional  monetary  policy  modern  monetary  theory  NIRP  negative  real  interest  rate  liquidity  liquidity-trap  WallStreet  asset  bubble  blackswan  fat  tail  Fed  GFC  Debt  Super  Cycle  trading  proptrading  hunt  for  yield  financial  repression  New  Normal 
november 2013 by asterisk2a
Stephen Roach On Why Abe's Aggression Won't Save Japan //via ZeroHedge
The politicization of central banking continues unabated.

[...] [... GFC USA Aftermath ...]

When the bubbles burst, households understandably became fixated on balance-sheet repair – namely, paying down debt and rebuilding personal savings, rather than resuming excessive spending habits.

[...]

US consumers have pulled back as never before. In the 19 quarters since the start of 2008, annualized growth of inflation-adjusted consumer spending has averaged just 0.7% – almost three percentage points below the 3.6% trend increases recorded in the 11 years ending in 2006.

[...]

Not only is QE’s ability to jumpstart crisis-torn, balance-sheet-constrained economies limited; it also runs the important risk of blurring the distinction between monetary and fiscal policy. Central banks that buy sovereign debt issued by fiscal authorities offset market-imposed discipline on borrowing costs, effectively subsidizing public-sector profligacy.
UK  stephenroach  liquidity-trap  currency-war  currency  debasement  banking  crisis  debtoverhang  France  structural  imbalance  status  quo  Politics  liberal  economic  reform  PIIGS  Europe  savings  glut  zombie  consumer  greatrecession  GFC  Richardkoo  zombie  banks  Japan  lostgeneration  lostdecade  2013  sovereign  debt  crisis  unintended  consequences  debt  monetisation  ZIRP  QE  economic  history  2012  monetary  theory  monetary  policy  Abenomics  BOE  BOJ  ECB  Fed  USA  balance  sheet  recession  consumption  consumer 
december 2012 by asterisk2a
Five years on, the Great Recession is turning into a life sentence - Telegraph
Five years on it is clear that subprime was merely the first bubble to pop, a symptom not a cause. Europe had its own parallel follies. Britons were extracting almost 5pc of GDP each year in home equity by the end. Spain built 800,00 homes in 2007 for a market of 250,000. Iceland ran amok, so did Latvia and Hungary. The credit debacle was global. If there was an epicentre, it was Europe’s €35 trillion banking nexus.

There comes a point when extra debt draws down prosperity from the future. The future arrived in 2008.

A study by Stephen Cecchetti at the Bank for International Settlements concludes that debt turns “bad” at roughly 85pc of GDP for public debt, 85pc for household debt, and 90pc corporate debt. If all three break the limit together, the system loses its shock absorbers.

http://www.bis.org/publ/work352.htm

Much of the debt will have to be written off. Whether this done by inflation (1945-1952) or default (1930-1934) will be the great political battle of this decade.
politics  policy  folly  policy  error  default  scenario  inflation  reflation  debt  jubilee  economic  history  globalisation  global-economy  global  imbalances  savings  glut  creditcrunch  economic-thought  economic  model  BIS  banking  crisis  bank  crisis  balance  sheet  recession  deleveraging  debt  bubble  debtoverhang  credit  bubble  subprime  property  bubble  sovereign  debt  crisis  UK  China  USA  Europe  2012  2008  lostdecade  GFC  greatrecession 
august 2012 by asterisk2a
Can America Function More Like a Fiscally Responsible Company? Its up to Us, the Shareholders
Meeker started the project while still at Morgan Stanley, and said in a call this morning she’s going back to her day job tomorrow. There’s no USA, Inc. Part 2 coming out, and no Al Gore-like “Inconvenient Truth” tour planned. It was a one-time project, born of her own curiosity and belief that Americans should know where their money is going.

The answer to whether American will ever be run more like a company lies with whether America’s “shareholders” will ever start to demand it.
Medicare  Medicaid  debt  government  finance  USA  2011  sovereign  budget  savings  socialsecurity  analysis  research  politics 
february 2011 by asterisk2a
Why Americans Can't Save Money - Room for Debate - NYTimes.com
According to a Harris Poll released last week, 27 percent of Americans have no personal savings and 34 percent have no retirement savings, an increase from over a year ago.
At the same time, people are spending more. Borrowing is up, perhaps a sign of consumer confidence in the recovery.
Why was the era of thrift so short-lived? Why are Americans spending again, yet unable to save?
savings  saving  USA  2010  2011  outlook  consumption  consumer 
february 2011 by asterisk2a
Economist Warns of Public Bubble - Real Time Economics - WSJ
The U.S. economy has traded a public bubble for a private one, according to this forecast by California forecasting firm Beacon Economics.

The firm’s stance is that the $787 billion federal stimulus package and the Federal Reserve’s near-zero interest rates have propped up the economy but will prove unsustainable and are actually exacerbating some of the imbalances that led to the recession. “The nation seems to be trading in its private bubble for a public one, swapping one set of unsustainable economic drivers for another,” the report said.
bubble  public  debt  deficit  budget  usa  2010  outlook  forecast  benbernanke  interestrate  private  treasuries  stimulus  housing  TARP  toxicassets  losses  accounting  property  inflation  savings  consumption  package  greatrecession  recovery  double-dip  recession  deflation  richardkoo  KennethRogoff 
april 2010 by asterisk2a
FT Alphaville » The next leg of the great bear market has begun…
Balance sheet repair and prudence are the new drivers of the bus, in turn driven by The People (the private sector).
austerity  usa  policy  error  recovery  recession  greatrecession  outlook  comment  2010  2011  forecast  dollar  europe  china  markets  financialmarket  UK  debt  public  private  savings 
february 2010 by asterisk2a
Elizabeth Warren: America Without a Middle Class
Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can't make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street.
middleclass  USA  unemployment  recession  creditcard  bankruptcy  foodstamps  foreclosure  savings  2009  2010  infographics 
december 2009 by asterisk2a

related tags

1%  2.0  3D  21stcentury  401k  A  Abenomics  Abstieg  abundance  academia  academic  academics  account  accounting  added  adult  advantage  advice  affordable  Africa  age  ageing  aggregate  AI  AIIB  Al  Alain  Alan  alangreenspan  algorithm  Alibaba  allocation  Allowance  Altersarmut  America  American  analysis  analytics  and  Angela  Angst  animal  antitrust  anxiety  apprenticeships  artificial  Asia  ASIA  asset  Aufstocker  augmented  austerity  Australia  automation  avoidance  Baby  babyboomers  badbank  BaFin  bail  bailout  balance  bank  banking  bankruptcy  banks  Basic  beer  behavioral  behaviour  being  Ben  benbernanke  Bernanke  Beton  Betongold  bias  big  BIS  blackswan  Blue-collar  Blyth  BOE  BOJ  bond  book  Boomers  borderless  Boris  Botton  Brazil  Brexit  BRIC  British  BuBa  bubble  bubbles  budget  budget2015  budget2016  burn  business  Buy  buyback  Call  Cameron  campaign  capital  capitalism  car  carbon  carbonemission  carbonfootprint  card  care  Career  Carney  cash  centralbanks  change  child  china  choice  chronic  civil  class  class-warfare  climate  code  coefficient  cohesion  coldprogression  College  comment  commodities  commoditization  commodity  communication  competition  competitive  competitiveness  complexity  confidence  confirmation  conglomerate  consent  consequences  Conservative  constituency  consume  consumer  consumerism  consumerist  consumption  contract  contractor  convenience  COP21  Core  corporate  corporations  correlation  cost  CPI  creation  Creative  Creatives  credibility  credit  creditcard  creditcrisis  creditcrunch  creditrating  creditrisk  crime  crisis  crony  crowding  culture  currency  currency-war  current  Cycle  damage  data  David  de  debasement  debt  debt-fuelled  debtoverhang  decade  default  deficit  deflation  deflationary  deleveraging  demagogue  demagogy  demand  democracy  Democratic  demographic  demographics  demography  depletion  deposit  Depression  deprivation  deregulation  devaluation  developed  Developing  differentiate  differentiation  digital  dis-inflation  disability  Disabled  disaster  discretionary  discrimination  disequilibrium  disinflation  disposable  distortion  distribution  distrust  Doctor  dogma  dollar  Donald  dot.com  double-dip  downward  Dream  Duncan  DWP  earned  Eating  ECB  ecological  economic  economic-thought  economics  economy  education  efficiencies  efficiency  elderly  election  elephants  emerging  employabilitie  employability  employment  energy  entitlement  environment  environmental  equality  equity  error  Establishment  Euro  europe  European  evasion  evolution  excess  Existenzangst  expectation  exploitation  Exportweltmeister  exuberance  fairness  Fans  fat  faultlines  fear  fed  fee  Ferguson  fiat  finance  financial  financialcrisis  financialmarket  finite  first  fiscal  Fit  flat  flow  folly  FOMO  food  foodstamps  for  forecast  foreclosure  Forex  fossil  fractional  France  free  freelance  freelancing  Frontier  fuel  full  fund  fundamentals  Funding  Future  FX  gains  gap  GDP  Geithner  gender  gender-based  general  generation  Generationengerechtigkeit  generationx  generationy  George  Germany  gesellschaft  GFC  Gig  Gini  global  global-economy  globalisation  globalization  glut  Gold  Gore  governance  government  Grant  Great  greatdepression  greatrecession  Greece  green  greenspan  Greenspan-Put  Grid  GroKo  Group  groups  growth  headwinds  health  Hedge  Help  henrypaulson  Higher  history  HMRC  homeownership  homescreen  hopelessness  hot-money  Hour  household  housing  hubris  HughHendry  human  hunt  Iain  ideology  illness  imbalance  imbalances  IMF  immigration  Impediments  in  incentive  income  incomplete  indicators  industrial  industrialisation  industry  inefficiencies  inequality  inflation  infographics  information  infrastructure  innovation  insecurity  insolvency  insolvent  Insolvenzverschleppung  Instagram  insurance  intelligence  interest  interestrate  intervention  investment  IPO  irrational  Is  ISA  Jack  jail  Janet  Japan  JGB  job  Jobs  Johnson  Joseph  josephstiglitz  jubilee  junk  kalte  KennethRogoff  Keynes  knowledge  Koo  KPI  Krugman  labour  Larry  Latin  leadership  leave  Leiharbeit  Lending  lesson  leverage  levy  liberal  life  liquidity  liquidity-trap  literacy  living  loan  lobby  Lobbying  lobbyist  Lock  lohndumping  Lohnzurückhaltung  London  long-term  losses  lost  lostdecade  lostgeneration  low  LTRO  M&A  M2  M3  Ma  macroeconomic  macroeconomics  macroprudential  mainstreet  mainstreet.org  Maintenance  Makers  management  mandate  manual  manufactured  Manufacturing  margin  marginal  MarioDraghi  Mark  mark-to-market  market  marketplace  markets  Marktwirtschaft  matching  materialism  maternity  maximisation  measurement  mechanism  media  Medicaid  Medicare  mental  meritocracy  meritocratic  Merkel  MervynKing  microeconomic  microeconomics  middle  middleclass  Millennials  mindestlohn  Minijob  minimum  minority  mobile  mobility  model  Moderation  modern  monetary  monetisation  monetization  monopoly  mortgage  multiplier  Mutual  nasty  negative  neoliberal  neoliberalism  net  Networking  New  Niall  NIC  Niedriglohn  Niedriglohnsektor  NIRP  No  noise  Normal  NPL  Null  OAP  obligation  OBR  OECD  of  offshoring  Oil  oilprice  old  on-demand  OPEC  Opportunism  opportunist  Osborne  out  outlook  output  outsourcing  ownership  package  Pact  Panama  panic  Papers  part-time  participation  party  paternity  pattern  Paul  paulvolcker  pay  PBOC  peak  peakoil  pension  personal  Perspective  philosophy  phone  PIGS  PIIGS  PIIGSFB  Piketty  policy  political  politician  Politicians  politics  pollution  poor  population  populism  post-carbon  Pound  poverty  PR  practical  Precariat  precarious  premature  pressure  price  prices  printing  private  Privileged  Process  Product  Product/Market  productive  productivity  professional  profit  progress  Progression  progressive  Proletariat  promises  propaganda  propensity  property  Proposition  proptrading  protectionism  psychology  public  QE  QT  quo  R&D  Raghuram  Rajan  rate  rational  real  rebalancing  receipts  recession  recognition  recovery  recycling  redistribution  reference  reflate  reflation  reform  regulation  Reich  relations  renewable  rent  reporting  Representation  repression  research  reserve  reserves  resource  resources  response  restructuring  retirement  Revolution  Rich  Richard  richardkoo  rising  RMB  Robert  robertshiller  Robotics  round  safety  saving  savings  scarcity  scenario  Scene  scheme  Schuldenbremse  Schwarze  Schäuble  SDR  Sector  secular  security  Seed  selection  self-employment  self-regulation  service  Services  servitude  set  shadow  share  shared  shareholder  sharing  sheet  Shiller  short-fall  short-term  short-termism  Silicon  Skidelsky  skill  skill-biased  skills  Slack  Smart  Smartphone  Smith  Snapchat  social  socialsecurity  society  socioeconomic  sociology  Software  solidarity  South  sovereign  sovereignty  Soziale  Sozialer  soziologie  speculation  speculative  spending  Spin  spirit  SPV  squeezed  stagflation  stagnation  stakeholder  Stamps  standard  Start-Up  Start-up  state  status  Steel  STEM  stephenroach  Stiglitz  stimulus  stock  stockmarket  Street  stress  stresstest  structural  student  StudentLoans  stuff  subprime  subsidies  subsidizing  Summers  Super  superficial  supply  supply-demand  sustainability  sustainable  symbol  symptom  system  systemicrisk  systemrelevanz  tail  Taper  targeting  TARP  tax  TBTF  Tech  technological  tension  the  theory  thinking  Thomas  Tim  timgeithner  Timothy  TLTRO  to  Toff  too  toobigtofail  Tories  toxicassets  traction  trad  trade  trading  transmission  transparency  trap  treasuries  trickle-down  Triple  triple-lock  True  Trump  trust  trustagent  tuition  Turkey  turnout  Uber  UK  uncertainty  unconventional  underemployed  underinvestment  underwater  unemployment  Unicorn  unintended  Union  Universal  unknown  unkown  unrecht  US  usa  USD  Valley  value  values  Varoufakis  Venture  vested  view  vocational  volatility  voter  wage  Wall  WallStreet  war  warfare  warming  wealth  welfare  well  Werkvertrag  western  Westminster  WhatsApp  white  White-collar  Why  wind  Wolff  Wolfgang  Women  work  worker  Workers  workforce  working  world  worry  Yanis  Yellen  Yen  yield  youth  yuan  Zeitarbeit  Zero  ZIRP  Zivilgesellschaft  zombie 

Copy this bookmark:



description:


tags: