asterisk2a + services + confidence   10

First fall in consumer spending for almost 4 years
Consumer spending has fallen on an annual basis for the first time in almost four years [...] Adjusting for inflation, real consumer spending by British consumers on Visa debit, credit and prepaid cards in May was 0.8 per cent lower than in the same month last year. Visa said that seasonally adjusted spending was 1.8 per cent lower in May compared to April. The figures are unofficial, but suggest that sluggish economic growth continued in the second quarter, after a first quarter in which the UK grew at the slowest rate in the G7. [...] household consumption, which accounts for more than 60 per cent of the economy. [ 80 Services and Consumption 20 manufacturing ] /&! http://www.telegraph.co.uk/business/2017/06/11/new-economic-woes-put-theresa-may-fresh-pressure/ - The crucial services sector stands on the brink of a contraction
UK  Brexit  GE2017  Consumer  Confidence  creditcard  credit  card  discretionary  spending  disposable  income  inflation  living  standard  wage  growth  recession  Economy  2017  secular  stagnation  deflation  deflationary  BOE  ZIRP  QE  NIRP  Austerity  Services  materialism  Shopping  Consumerism  consumerist  household  debt  mortgage  Manufacturing 
june 2017 by asterisk2a
Britain’s economy is broken. We desperately need new ideas | Tom Kibasi | Opinion | The Guardian
If the country was economically bankrupt in 2010, it is intellectually bankrupt in 2017. On the eve of the general election, politicians of all parties have rarely been so devoid of progressive ideas [...] Yet in substance, May’s approach remains mere tinkering at the edges of economic policy. The Conservatives remain stubbornly allergic to – or ignorant of – Keynesian macroeconomics. [...] [and housing and real estate lending distorting the lending picture. houses are not productive! R&D, and firms are. and creating long-term jobs w real incomes to spend (not remortgaging your home bc of housing bubble]
Brexit  GE2017  London  Housing  Bubble  piggybank  Forex  British  Pound  recovery  GFC  Manufacturing  Services  Consumerism  Zombie  Austerity  underinvestment  confidence  fairy  Productivity  output  gap  QE  ZIRP  NIRP  banking  investment  distortion  lending  property  UK  Living  Standard  wage  income  growth  inflation  £ 
june 2017 by asterisk2a
Dan Ariely: Why The Next Market Downturn May Quickly Become A Full-Blown Panic - YouTube
free self-regulated market where winner take all - creates adverse outcomes. //<< Book - The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank - Competition can be devastating if it is about winner take all !!! - youtu.be/hmbfK​DvDrJI - via Dan Ariely // // !!! QE - reflate - hope and pray confidence will come back and economy roars back to health. did not happen. // poverty trap // trend continues w inequality, // post-racial America // inability to get out of bad situation // under banked, payday loan // studies have shown, Americans imagine/think of their countries more equal and just than Sweden // (1) create new financial institution, retail banking serving people (not making 15% profit p/a to give it to share holders even demanding more) like Sparkassen // (2) reform education // (stop damaging) narrative of invisible hand - getting the best out of people // national identity // sense of agency !!!
inequality  QE  competitive  competition  winner  take  all  monopoly  monopsony  book  shared  economic  interest  common  good  Dan  Ariely  China  credit  bubble  ZIRP  NIRP  business  confidence  consumer  confidence  equity  bubble  speculative  bubbles  Super  Rich  1%  asset  bubble  faultlines  structural  imbalance  Impediments  Gini  coefficient  social  mobility  income  mobility  poverty  trap  child  poverty  poverty  USA  UK  Europe  austerity  recovery  2015  social  cohesion  social  tension  social  contract  welfare  state  social  safety  net  education  policy  skill-biased  technological  change  skills  gap  western  world  post-racial  America  Jim  Crow  working  poor  squeezed  middle  class  Sozialer  Abstieg  Germany  food  poverty  budget2015  fairness  Generationengerechtigkeit  Privileged  Toff  Establishment  Public  Services  Services  society  racial  segregation  gentrification  Gentrified  class  segregation  urbanisation  urban  planning  social  housing  affordable  housing  Lügenpresse  manufactured  consent  corporate  media  corporate  state  propaganda  populism  stigma  self-regulation  deregulation  Wall  Street  invisible  hand  crony  capitalism  profit  maximisation  shareholder  value  bank  bailout  TBTF  too  big  to  bail  too  big  to  jail  meritocra 
august 2015 by asterisk2a
Freital: Vom SPD-Modell zur Protest-Hochburg - SPIEGEL ONLINE
[ Symptom ] Freital steht heute für braune Hetze gegen Flüchtlinge. Dabei entstand der sächsische Ort einst als linkes Gemeinschaftsmodell in der kapitalistischen Weimarer Republik. Ein Lehrstück über die Tragödien der großen Ideologien. [...] Freital war zu einer nahezu entstrukturierten, enthistorisierten Stadt geworden. Im politisch-kulturellen Vakuum öffnete sich sodann der Raum für Kleinstadtpopulisten, die in Freital nach 1990 periodisch auftraten, kühne Versprechungen machten, dann überwiegend nach allerlei Pannen und Pleiten wieder im Nichts verschwanden, um von neuen Figuren dieser Couleur ersetzt zu werden. Und nun also geht es gegen Flüchtlinge in dieser Stadt, die doch in ihren Ursprüngen ein ganz entgegengesetztes Projekt verfolgt hatte. Was für eine Tragödie. // Book Lars Geiges, Stine Marg, Franz Walter: Pegida. Die schmutzige Seite der Zivilgesellschaft?
East  Germany  refugee  Asylum  Asylbewerber  Germany  antisemitism  Antisemitismus  Xenophobia  homophobic  Homophobia  transphobia  Transphobic  social  discrimination  discrimination  Homo-Ehe  Neonazi  Neo-Nazi  AfD  NPD  Hooligan  Rechtsextremismus  Rechtsruck  history  No  Representation  Career  Politicians  PEGIDA  trust  trustagent  confidence  fairness  uncertainty  Sozialer  Abstieg  Existenzangst  Gesellschaft  Zivilgesellschaft  civil  courage  civil  society  globalisation  globalization  competitive  competitiveness  borderless  flat  world  Iron  Curtain  crony  capitalism  capitalism  Wall  Street  shared  economic  interest  stakeholder  shareholder  value  profit  maximisation  fear  anxiety  status  anxiety  socioeconomic  status  status  symbol  social  status  welfare  state  hartz-iv  Public  Services  Services  austerity  Schuldenbremse  Fiscal  Pact  tax  evasion  tax  avoidance  lobbyist  lobby  Lobbying  unrecht  Unrechtsstaat  inequality  income  inequality  Gini  coefficient  tax  code  taxation  kalte  Progression  social  mobility  income  mobility  downward  mobility  emotion  identity  sociology  psychology 
june 2015 by asterisk2a
Headline Numbers: How do you measure inequality? - BBC News
Research from the Institute for Policy Studies found that in 2014, bonuses paid to Wall Street employees had been double the total annual pay earned by all Americans who worked full-time at the federal minimum wage. I crunched the numbers and it turned out that the same was true for the UK. [...] The Office for National Statistics (ONS) had figures out on Wednesday based on the definition that people were in poverty if their income was below 60% of the median level (to find the median income, line up all the people in the country in order of income and take the middle one). It found that almost a third of the UK population had experienced poverty in at least one of the years between 2010 and 2013, which is very high by European standards. The OECD sets out a summary of what has happened to examples of all three of these measures. Across its 34 member countries, the Gini Coefficient rose gradually from 1996, fell slightly for the financial crisis and then resumed its upward path.
inequality  Gini  coefficient  income  inequality  income  growth  minimum  wage  Niedriglohnsektor  working  poor  precarious  work  Precariat  Zeitarbeit  Werkvertrag  Leiharbeit  Western  World  bonuses  bonus  compensation  package  1%  Super  Rich  squeezed  middle  class  working  class  Blue-collar  Worker  tax  code  taxation  tax  evasion  tax  avoidance  living  wage  standard  of  living  living  standard  disposable  income  discretionary  spending  UK  USA  GDP  Service  Sector  Jobs  Share  Economy  knowledge  knowledge  Mobile  Creatives  Mobile  Creative  Future  of  Industrial  Revolution  2.0  Software  Is  Eating  The  World  competition  differentiate  differentiation  borderless  flat  globalisation  globalization  capital  gains  Wall  Street  recovery  ZIRP  NIRP  QE  TARP  POMO  bailout  Career  Politicians  No  Representation  democracy  lobbyist  lobby  Lobbying  Workers  Union  presidency  barackobama  revolving  door  Washington  trust  confidence  poverty  child  poverty  poverty  in  old  age  food  poverty  income  distribution  income  mobility  income  redistribution  downward  mobility  social  mobility  austerity  welfare  welfare  state  Services  Public  Services  social  safety  net  IMF  OECD  GFC  social  tension  social  cohesion 
may 2015 by asterisk2a
Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages: Amazon.co.uk: Carlota Perez: 9781843763314: Books
Carlota Perez draws upon Schumpeter's theories of the clustering of innovations to explain why each technological revolution gives rise to a paradigm shift and a "New Economy" and how these "opportunity explosions", focused on specific industries, also lead to the recurrence of financial bubbles and crises. // // imagine in the USA, no welfare state & social safety net, +500.000 self-employed workers on those marketplaces find no jobs because of a deep recession (short-fall of disposable income for convenience services) // bit.ly/1BrAPFJ - In the new world of on-demand everything, you’re either pampered, isolated royalty — or you’re a 21st century servant. [...] Carnegie Mellon researchers warned that the internet could make us into hermits.
Silicon  Valley  Hype  Cycle  speculative  bubbles  Share  Economy  Uber  convenience  TaskRabbit  Shyp  service  Services  Industry  Sector  Jobs  Niedriglohn  Niedriglohnsektor  precarious  work  Precariat  Zero  Hour  Contract  self-employment  marketplace  efficiencies  marketplace  Venture  Capital  Snapchat  Unicorn  consumer  internet  consumerism  consumer  consumer  confidence  book  Industrial  Revolution  Industrial  Revolution  2.0  Software  Is  Eating  The  World  Robotics  algorithm  3D  printing  automation  Future  of  Mobile  Creatives  Mobile  Creative  Postmates  Lyft  Hailo  Delivery  Hero  Just  Eat  saddl.nl  Drinkfly  DoorDash  sprig  Wineist  SpoonRocket  Onfleet  OLA  BlaBlaCar  Sidecar  Zipcar  Houzz  Instacart  Deliveroo  Operator  Hello  Alfred 
april 2015 by asterisk2a
Bayern: McKinsey sieht bis zu 40 Prozent der Jobs bedroht - SPIEGEL ONLINE
40 Prozent der Jobs im Freistaat befinden sich demnach in einer "Gefährdungszone". Der Grund: Sie seien von den Folgen der Digitalisierung und weiteren Strukturbrüchen betroffen. Eine der Kernthesen der Untersuchung lautet, dass die klassischen volkswirtschaftlichen Parameter, in denen Bayern gut abschneidet (etwa Bruttoinlandsprodukt, Produktivität, Arbeitslosenquote), nur bedingt als Zukunftsindikatoren geeignet seien. Sie würden "lediglich den Erfolg der Vergangenheit bewerten", so McKinsey. In dem Bericht werden deshalb andere Kennzahlen herangezogen: Stabilität (u.a. Einkommensverteilung), Innovation (u.a. Bildungsqualität und Start-up-Quote), Diversität (Integrationsindex, Bildungsmobiliät), Internetzugang, Nachhaltigkeit (Gesundheits- und Vorsorgequalität, Ressourcenproduktivität). // Economic Indicators are about the past! Period. Wall Street cottage industry of economic forecasters.
Berlin  Start-Up  Scene  Europe  Start-Up  Scene  Gini  coefficient  inequality  income  inequality  Germany  SMB  industrial  policy  innovation  disrupting  markets  disruption  Exportweltmeister  China  BRIC  Software  Is  Eating  The  World  Career  Politicians  Makers  lobbyist  lobby  Lobbying  policy  folly  policy  error  Manufacturing  3D  printing  algorithm  Robotics  automation  Share  Economy  Services  Industry  Niedriglohnsektor  service  service  flat  education  policy  social  mobility  income  mobility  diversity  immigration  demographic  bubble  ecological  disaster  environmental  disaster  productivity  efficiency  public  health  public  health  policy  chronic  diseases  sick  population  faultlines  structural  imbalance  Impediments  structural  unemployment  youth  unemployment  lost  decade  lost  generation  Fiscal  Pact  infrastructure  investment  business  investment  business  confidence  sovereign  debt  crisis  PIGS  austerity  Schuldenbremse  Angela  Merkel  GroKo  Wolfgang  Schäuble  economic  history  Silicon  Valley  Year  of  Code  STEM  Wall  Street  shareholder  value  profit  maximisation  Mittelstand  SME  borderless  competitive  competitiveness  competition  ecosystem  Mobile  Creatives  Mobile  Creative  Future  of  Work 
april 2015 by asterisk2a
Solving the productivity puzzle - BBC News
UK productivity growth (as measured by output per hour worked) has been exceptionally weak since 2008. Productivity growth has actually been weak across the developed economies since the Great Recession but especially so in the UK. Beyond those facts though, there is little agreement. The talk is instead of a "productivity puzzle": solving that puzzle is the key to both a lower government deficit and to higher living standards. [...] [I]t could be that the nature of Britain's recovery explains the low productivity growth. Rather than lower productivity leading to lower real wages (as companies cannot afford to increase pay), it may be that lower real wages have encouraged firms to hire workers rather than investing in new equipment. This could have lowered productivity. [...] Much of it feels more traditionally "sociological" than "economic". // 2nd Industrial Revolution - Software is Eating the World, Self-Employment, contractors, Zero Hour Contracts, etc. &! bit.ly/1aRi7Bw
productivity  output  gap  recovery  GFC  Western  World  UK  Service  Sector  Jobs  Services  Industry  Share  Economy  STEM  Niedriglohnsektor  Manufacturing  Industrial  Revolution  policy  Robotics  deflationary  secular  stagnation  OECD  economic  history  equity  bubble  bond  bubble  ZIRP  NIRP  QE  business  investment  business  confidence  austerity  fiscal  policy  sovereign  debt  crisis  monetary  policy  algorithm  automation  Software  Is  Eating  The  World  borderless  flat  globalisation  globalization  competitive  Europe  USA  China  Asia  BRIC  Russia  Latin  America  digital  precarious  work  working  poor  poverty  squeezed  middle  class  coldprogression  cold  progression  tax  evasion  tax  avoidance  Super  Rich  productive  investment  1%  speculative  bubbles  liquidity  trap  debtoverhang  zombie  corporations  zombie  banks  zombie  consumer  property  bubble  demographic  bubble  complexity  incomplete  information  lost  decade  lost  generation  Abenomics  Japan  uncertainty  distrust  No  Representation  Career  Politicians  trust  trustagent  policy  folly  Wall  Street  shareholder  value  profit  maximisation  academia  sociology  sentiment  consumer  confidence  fear  anxiety  status  anxiety  crony  capitalism  social  co 
april 2015 by asterisk2a
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
Not that negative after all - YouTube
- nbdy is taking up the money to invest in his business (increase capacity, R&D, etc etc), becs there is no demand ... what is holding up the western world is the service economy - especially in UK and USA! - and then there is one particular structural impediment in Germany et al, demographic bubble.
monetary  stimulus  monetary  policy  unconventional  monetary  policy  ECB  negative  real  interest  rate  NIRP  ZIRP  QE  TLTRO  OMT  ABS  LTRO  liquidity  trap  monetary  transmission  mechanism  business  investment  infrastructure  investment  trust  trustagent  confidence  creditcrunch  economic  history  Europe  faultlines  Structural  Impediments  deficit  imbalance  debtoverhang  deleveraging  balance  sheet  recession  PIGS  flat  world  globalization  globalisation  Exportweltmeister  Germany  BuBa  austerity  IMF  stagflation  secular  stagnation  Debt  Super  Cycle  sovereign  crisis  zombie  banks  distortion  business  business  confidence  BRIC  MINT  USA  UK  MarioDraghi  Demand  Shock  Supply  and  Demand  Demand  and  Supply  industrial  policy  manufacturing  Services  Industry  service  economy  service  recovery  GFC  2014  consumer  confidence  output  gap  productivity 
september 2014 by asterisk2a

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