Pinboard (asterisk2a)
https://pinboard.in/u:asterisk2a/public/
recent bookmarks from asterisk2a(112) Renegade Inc. & What to expect in 2018 - YouTube2018-02-18T08:24:38+00:00
https://www.youtube.com/watch?v=8jJ2PuklTrI
asterisk2aBOE QE trap Richard Koo UK Austerity productive investment underinvestment productivity Brexit Steve Keen book RAWerner debt bubble asset alternative WallStreet GDP output gap uncertainty 2018 business consumer confidence fiscal policy NHS monetary Carillion PFI disposable income discretionary spending credit malaise secular stagnation stagflationhttps://pinboard.in/https://pinboard.in/u:asterisk2a/b:4bfcf968e21f/Millennials spend three times more of income on housing than grandparents | Society | The Guardian2017-09-20T02:06:44+00:00
https://www.theguardian.com/society/2017/sep/20/millennials-spend-three-times-more-of-income-on-housing-than-grandparents
asterisk2aMillennials UK housing crisis affordable social Generation Rent Generationengerechtigkeit babyboomers baby boomers disposable discretionary income Spending Generationy GenY oligopol oligopoly Corruption lobby vested interest bubble underinvestment Austerity debt revolving door asset distortion London Productivity output gap skills student loan GFC mortgage risk recovery secular stagnation lost lostdecade decade history Margaret Thatcherhttps://pinboard.in/https://pinboard.in/u:asterisk2a/b:135344ad5c83/Yes this really is the end of Tory austerity – because it was never about economics in the first place | The Independent2017-06-14T15:42:46+00:00
http://www.independent.co.uk/voices/conservatives-chancellor-george-osborne-ideology-austerity-economics-working-families-a7787776.html
asterisk2aAusterity Brexit GE2017 Confidence Fairy GFC bank bailout welfare state living standard deficit debt government household personal loan credit card creditcard underinvestment inequality economic history social mobility income growth wage disposable discretionary spending gini coefficient tax evasion avoidance taxation corporate taxcut capital labour Productivity output gap recovery secular stagnation infrastructure investment Privatisation Theresa May George Osborne David Cameron Ideology neoliberal neoliberalism ZIRP NIRP QE bond bubble asset reflation housing distortion malinvestment stimulus Tories nasty party Conservative RichardKoo Koo Richardhttps://pinboard.in/https://pinboard.in/u:asterisk2a/b:fbeb1358193a/Behind the Bond-Stock Divide Is a Big and Risky Bet on Central Banks - WSJ2016-07-14T02:13:12+00:00
http://www.wsj.com/articles/behind-the-bond-stock-divide-is-a-big-and-risky-bet-on-central-banks-1468425525
asterisk2abond bubble ZIRP NIRP QE equity hunt for yield central banks BIS Fed BOE ECB BOJ PBOC secular stagnation wage growth output gap productivity squeezed middle class working poor Precariat inequality Gini coefficient western world rising middleclass Asia BRIC income distribution tax evasion avoidance crony capitalism in crisis neoliberal neoliberalism globalisation global economy globalization free trade dividends underinvestment business confidence consumer discretionary spending disposable student debt car loan property speculative bubbles distortion asset allocation austerity AI Robotics automation augmented intelligence Structural Impediments imbalance unemployment long-term skills skill-biased technological change shortage economic history Brexit underemployed underemployment part-time deflation deflationary JGBhttps://pinboard.in/u:asterisk2a/b:270d758fcb83/What Happens Next (In Europe)?2016-04-16T16:55:07+00:00
http://www.zerohedge.com/news/2016-04-15/what-happens-next-europe
asterisk2aECB Brussels recovery reflate reflation China credit bubble Germany PIGS zombie banks European Bank Supervision Economic Area Election 2014 working poor squeezed middle class Soziale Marktwirtschaft MarioDraghi OMT LTRO monetary policy stimulus Fiscal Pact Schuldenbremse sovereign debt crisis France Brexit Grexit Angela Merkel Wolfgang Schäuble history underinvestment Richard Koo Yanis Varoufakis liquidity trap corporations youth unemployment demographic OAP discretionary spending disposable income liberal reform Precariat precarious employment low pay Minijob Zeitarbeit Leiharbeit 1 Euro Job Structural Impediments imbalance transmission mechanism union Rechtsruck Bundesbank fault lines shareholder capitalism bailout GFC 2016 PBOC Exportweltmeister Financial Stability Board crony Deutsche infrastructure investment competitiveness Beton Gold Betongold asset allocation Super Rich 1% oligarchy plutocracy democracy tax evasion avoidance Wall Street value profit maximisation maximization Russia Crimea Ukraine Uhttps://pinboard.in/u:asterisk2a/b:ae64a69db52d/Home prices are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans in some of the most populous areas of the country, according to a report (reuters.com)2016-03-25T02:17:05+00:00
https://www.reddit.com/r/Economics/comments/4br6i3/home_prices_are_rising_faster_than_wages_in_most/
asterisk2aproperty bubble USA UK Australia secular stagnation squeezed middle class disposable income discretionary spending aggregate demand ZIRP NIRP QE distortion Free Lunch Beton Gold Betongold Germany hunt for yield asset allocation babyboomers Super Rich 1% reflate reflation economic history speculative equity western world demographic ageing populationhttps://pinboard.in/u:asterisk2a/b:bf6ae4b3ca7f/Central bankers on the defensive as weird policy becomes even weirder | Business | The Guardian2016-03-01T09:35:52+00:00
http://www.theguardian.com/business/economics-blog/2016/feb/21/central-bankers-on-the-defensive-as-weird-policy-becomes-even-weirder
asterisk2amonetary policy G20 fiscal stimulus system transmission mechanism liquidity trap UK western world USA Japan Abenomics George Osborne Angela Merkel Wolfgang Schäuble Pact Schuldenbremse economic history recovery secular stagnation productivity underinvestment MarioDraghi ZIRP NIRP QE ECB BOE Fed Taper deflationary deflation nominal GDP targeting inflation zombie banks MervynKing corporations consumer Richard Koo Gini coefficient inequality squeezed middle class wage discretionary spending distortion property bubble disposable income productive investment austerity business confidence foreign direct debt household credit card car loan student folly error short-termism Career Politicians neoliberalism neoliberal trickle-down economics self-regulation City of London banking retail OECD IMF KennethRogoff hot-money hunt for yield asset allocation speculative bubbles speculation reflate reflation financial repression New Normal trusthttps://pinboard.in/u:asterisk2a/b:146590100563/This Letting Agent Admits The Housing Shortage Is Good News For Landlords - BuzzFeed News2016-02-19T00:32:15+00:00
http://www.buzzfeed.com/patricksmith/this-letting-agent-admits-the-housing-shortage-is-good-news#.uiKow5Qx0y
asterisk2aproperty bubble speculative bubbles asset allocation macroprudential policy Generationengerechtigkeit generation rent Housing Crisis social affordable distortion ZIRP NIRP QE aggregate demand Right to Buy Buy-to-Let Help Scheme Save folly error consumer debt household budget deficit recovery mortgage market credit GFC bank bailout BOE zombie banks rentier rent-seeking Richard Koo underinvestment productive investment infrastructure industrial economic history Mark Carney financial repression behavioral finance economics herding herd hunt for yield leverage margin trading equity Gini coefficient disposable income discretionary spending VAR CDO CDS risk aversion squeezed middle class secular stagnation inequality UK generational contract lost constituency Tories Conservative Party nasty David Cameron George Osborne general election 2015 2020 fiscal austerity monetary liquidity traphttps://pinboard.in/u:asterisk2a/b:686d54304df3/Beware the Minuses of Negative Interest Rates2016-02-15T15:42:14+00:00
http://www.barrons.com/articles/beware-the-minuses-of-negative-interest-rates-1454543139
asterisk2asecular stagnation emerging middle class demographic bubble ageing population western world ZIRP NIRP QE distortion liquidity trap New Normal financial repression GFC economic history Richard Koo consumer debt squeezed household credit card car loan business confidence student Super Cycle servitude mortgage market asset speculative bubbles hunt for yield hot-money equity bond property BRIC China disposable income discretionary spending Frontier Markets UK USA Europe Japan Abenomics Niall Ferguson Paul Krugman Joseph Stiglitz Gini coefficient inequality distribution mobility wage growth tax evasion avoidance Wall Street profit maximisation shareholder value underinvestment austerity productivity output gap public investment productive infrastructure STEM R&D competitiveness Robert Reich balance sheet recession deleveraging debtoverhang zombie banks corporations macroprudential policy miltonfriedman JohnMaynardKeynes keynes Keynesianism Fiscal Pact monetary Schuldenbremse unconventional QT Taper money supply vehttps://pinboard.in/u:asterisk2a/b:efeaa37a2679/From Ticker - S&P: QE is driving inequality between the generations2016-02-11T16:31:04+00:00
http://www.theguardian.com/business/live/2016/feb/10/market-turmoil-australia-japan-ftse-deutsche-bank-dow-live?page=with:block-56bb3695e4b0cc23201724ec#block-56bb3695e4b0cc23201724ec
asterisk2aQE inequality reflate reflation distortion recovery job creation Service Sector Jobs UK USA fiscal policy monetary stimulus unconventional Fed BOE bank bailout zombie banks consumer corporations ZIRP NIRP TARP TLTRO LTRO ECB equity bubble asset property Housing Crisis Help to Buy Scheme Save Right income Gini coefficient social mobility budget deficit austerity George Osborne distribution poverty trap tax credit low pay squeezed middle class Precariat Zero Hour Contract Contractor part-time Tories nasty party homeless homelessness affordable Conservative Toff Privileged Establishment Funding discretionary spending disposable household debt card student loan servitude economic historyhttps://pinboard.in/u:asterisk2a/b:a141b05f69cf/What's holding back the world economy? | Business | The Guardian2016-02-09T20:10:48+00:00
http://www.theguardian.com/business/2016/feb/08/whats-holding-back-world-economy-joseph-e-stiglitz
asterisk2aJoseph Stiglitz secular stagnation reflate reflation austerity QE ZIRP NIRP TARP TLTRO LTRO zombie banks corporations consumer Richard Koo debt household car loan credit card Student Bubble disposable income discretionary spending squeezed middle class Precariat low pay wage growth USA UK Europe western world mortgage market NPL servitude underinvestment productive investment infrastructure economic history policy folly error corporate welfare tax evasion avoidance Gini coefficient distribution social mobility poverty trap inequality recovery job creation Service Sector Jobs distortion financial repression speculative bubbles hunt for yield asset equity VIX volatility Help to Buy Scheme monetary liquidity fiscal debtoverhang deleveraging balance sheet recession confidence business productivity output gap aggregate demand redistribution repo transmission mechanism system GFC banking crisis retail hot-money Frontier Markets emerging BRIC rent-seeking rentier carbon damagehttps://pinboard.in/u:asterisk2a/b:c1d7d1bbf12a/'Panic situation': Asian stocks tumble amid fears of new global recession | Business | The Guardian2016-02-09T18:53:29+00:00
http://www.theguardian.com/business/2016/feb/09/panic-situation-as-asian-stocks-tumble-amid-fears-of-new-global-recession
asterisk2aglobal economy 2016 secular stagnation austerity monetary policy fiscal Taper ZIRP QE NIRP liquidity trap western world credit bubble China BRIC Oil price emerging middle class squeezed household debt consumer debtoverhang deleveraging balance sheet recession Richard Koo USA UK Europe economic history card car loan servitude disposable income discretionary spending reflate reflation VIX volatility speculative bubbles property distortion asset allocation equity hunt for yield IMF OECD Frontier Markets market bond Fed BOE ECB Abenomics BOJhttps://pinboard.in/u:asterisk2a/b:6587c0483b07/Amid market turmoil and confusion, there are four key economic trends shaping society2016-02-03T03:46:29+00:00
http://www.newstatesman.com/politics/economy/2016/02/amid-market-turmoil-and-confusion-there-are-four-key-economic-trends
asterisk2aeconomic history secular stagnation inflation targeting nominal GDP fiscal policy monetary wage growth squeezed middle class job creation Service Sector Jobs low pay income minimum UK Mark Carney austerity tax credit housing benefit working debt servitude Super Cycle Richard Koo liquidity trap transmission mechanism stimulus debtoverhang balance sheet recession deleveraging household consumer card western world disposable discretionary spending distribution Gini coefficient Rich 1% inequality redistribution evasion avoidance system theory student loan Bubble monetisation monetization zombie banks velocity Niall Ferguson NPL junk bond corporations ZIRP NIRP QE Taper China BRIC output gap productivity industrial public investment productive business infrastructure property financial repression speculative bubbles asset allocation Generationengerechtigkeit fairness money supply faultlines global imbalances recovery poor Precariathttps://pinboard.in/u:asterisk2a/b:278a3a2dced1/Börsenabsturz in China: Der Kontrollverlust - Kommentar - SPIEGEL ONLINE2016-01-06T18:51:43+00:00
http://www.spiegel.de/wirtschaft/soziales/china-boersenabsturz-als-symptom-des-kontrollverlusts-a-1070427.html
asterisk2aChina economic history SRD Yuan macroeconomic policy microeconomic corruption bribery regulation regulators liberal reform refugee inequality IMF AIIB World Bank Hegemony PBOC Gini coefficient social safety net Services Public discretionary spending disposable income pension scheme fund asset allocation capital ZIRP NIRP QE credit bubble QT monetary fiscal shadow banking NPL 2015 2016 economy demographichttps://pinboard.in/u:asterisk2a/b:d785b065a150/If you don't shop, retailers drop - BBC News2015-11-18T21:44:23+00:00
http://www.bbc.co.uk/news/uk-scotland-scotland-business-34855972
asterisk2aUK GFC recovery economic history Retail pure play e-commerce Amazon tax evasion avoidance brick and mortar business squeezed middle class disposable income discretionary spending Sozialer Abstieg wage growth stagnation distribution inequality zombie consumer credit card debt household student loan reflate reflation ZIRP NIRP secular QE asset bubble austerity George Osborne Tories Conservative Party nasty uncertainty budget2015 fairness Generationengerechtigkeit trickle-down economics neoliberalism neoliberal David Cameron child working warfarehttps://pinboard.in/u:asterisk2a/b:51f10be13704/Profit mean reversion and recession | Credit Writedowns2015-10-15T21:56:45+00:00
https://www.creditwritedowns.com/2015/10/profit-mean-reversion-and-recession.html
asterisk2arecovery business cycle financial private debt household consumer Student Loan Bubble car credit card deleveraging Richard Koo debtoverhang austerity fiscal policy economic history monetary job creation Service Sector Jobs western world secular stagnation Niall Ferguson wage growth income distribution Gini coefficient inequality trickle-down economics neoliberalism neoliberal Wall Street bank bailout budget deficit UK USA Schuldenbremse Pact sovereign crisis Positioning mainstreet.org Germany disposable discretionary spending low crony capitalism reflate reflation Career Politicians constituency fairness Generationengerechtigkeit Niedriglohnsektor lobbyist lobby Lobbying corporate welfare tax evasion avoidance social mobility contract political theory Standard American Diet equity ZIRP NIRP QE BRIC BOE Fed mandate BOJ PBOC distortion 2015 ECB Super servitude zombie banks corporations junk bond Taper QT irrational exuberance asset allocation capital speculative bubbles commodity prices Oil price inflation expehttps://pinboard.in/u:asterisk2a/b:eca97778b5cc/Fed chief Yellen says US rate rise still likely this year - BBC News2015-09-26T19:17:56+00:00
http://www.bbc.co.uk/news/business-34355192
asterisk2aJanet Yellen Fed mandate inflation expectation targeting secular stagnation western world centralbanks QE ZIRP NIRP Taper QT petrodollar Petroleum Industry commodity prices China credit bubble BRIC Brazil Russia India BIS Richard Koo global economy trade 2015 BOE monetary policy unconventional debtoverhang household debt consumer private card car loan Student deleveraging faultlines Structural Impediments imbalance wage growth squeezed middle class disposable income discretionary spending low distribution inequality Gini coefficient Service Sector Jobs job creation market labour economics Niedriglohnsektor competitive competition flat borderless globalization globalisation recovery fiscal underinvestment productive investment asset FOMO hunt for yield Super Rich 1% hot-money currency-war currency war debasement Dollar speculative bubbles allocation equity distortion irrational exuberance property macroprudential USA UKhttps://pinboard.in/u:asterisk2a/b:d8808a3bb1b0/Bank of England may cut rates, says chief economist - BBC News2015-09-21T23:44:27+00:00
http://www.bbc.co.uk/news/business-34291815
asterisk2aChina sovereign debt crisis European Union BRIC credit bubble 2015 headwinds Fed mandate BOE bond Taper Richard Koo fiscal policy austerity monetary QE ZIRP NIRP QT British Pound Sterling Dollar petrodollar FX reserves excess liquidity trap GFC economic history trickle-down economics Pact Schuldenbremse George Osborne budget2015 David Cameron industrial underinvestment infrastructure investment productivity output gap STEM Research competitiveness competitive differentiate differentiation shadow banking leverage margin trading speculative bubbles property asset allocation capital hunt for yield FOMO equity Gini coefficient inequality social mobility crony capitalism Wall Street business confidence profit maximisation shareholder value share buyback Niall Ferguson secular stagnation western world deflationary deflation macroprudential microeconomic education fairness Generationengerechtigkeit bank bailout tax evasion avoidance code corporate rate short-term thinking view transmission mechanism stimulus unconvehttps://pinboard.in/u:asterisk2a/b:885e4c6429f3/'Million' new homes target declared by minister Brandon Lewis - BBC News2015-09-21T19:16:50+00:00
http://www.bbc.co.uk/news/uk-england-34209027
asterisk2aHousing Crisis affordable social UK property bubble speculative bubbles asset Supply and Demand budget2015 austerity self-regulation crony capitalism Wall Street shareholder value profit maximisation Policy Makers Tories Conservative Party Career Politicians No Representation Toff Privileged Establishment generation rent Generationengerechtigkeit fairness bank bailout sovereign debt budget deficit Public Services child poverty trap disposable income discretionary spending macroprudential macroeconomic microeconomic George Osborne infrastructure investment underinvestment commuting well being quality of life Gini coefficient inequality standard living homelessness rough sleeping babyboomers mobility post code lottery educationhttps://pinboard.in/u:asterisk2a/b:379dc242e95a/RICHARD KOO: 'Struggle between markets and central banks has only just begun' - Business Insider2015-09-19T04:40:16+00:00
http://uk.businessinsider.com/richard-koo-struggle-between-markets-and-central-banks-has-only-just-begun-2015-9
asterisk2aRichard Koo Taper 2015 credit bubble reflate reflation monetary policy fiscal Janet Yellen Fed mandate China BRIC global economy trade western world secular stagnation deflationary deflation asset speculative bubbles hunt for yield FOMO property equity bond distortion correction Student Loan ZIRP NIRP QE BIS centralbanks BOE Abenomics BOJ ECB unconventional liquidity trap excess reserves retail banking consumer debt household deleveraging wage growth income low marginal propensity to consume disposable discretionary spending distribution inequality Gini coefficient mobility social Niall Ferguson bank bailout crisis recovery GFC austerity Schuldenbremse Pact European Union UK USA Career Politicians crony capitalism No Representation fairness Generationengerechtigkeit sovereign PR spin doctor reframing framing trickle-down economics neoliberalism neoliberal investment business confidence Blue Ocean PBOC New Normal economic stimulushttps://pinboard.in/u:asterisk2a/b:7750660fcc28/Brazil's downgrade | Authers' Note - YouTube2015-09-17T01:05:08+00:00
https://www.youtube.com/watch?v=UCT4goZcGrw
asterisk2aBrazil BRIC Developing World China credit bubble Latin America India Russia South Africa 2015 Niall Ferguson NiallFerguson recovery GFC QE ZIRP NIRP distortion emerging middle class western aggregate demand Supply and economic history Richard Koo monetary policy stimulus transmission mechanism theory globalization globalisation hunt for yield FOMO frothy correction equity speculative bubbles speculation property asset allocation capital hot-money currency-war currency debasement war Fed BOE BOJ Abenomics ECB PBOC banking crisis bank bailout austerity UK USA Europe Fiscal Pact Schuldenbremse consolidation trickle-down economics neoliberalism neoliberal income growth disposable discretionary spending low job creation labour market wage secular stagnation distribution Super Rich 1% marginal propensity to consume consumer debt household business investment confidence global trade economy imbalances Structural Impediments imbalance underemployed participation rate productivity output gap macroeconomic microeconomihttps://pinboard.in/u:asterisk2a/b:4e4b0831cb7a/World Bank warns on US rate rise - BBC News2015-09-16T13:33:57+00:00
http://www.bbc.co.uk/news/business-34262005
asterisk2aTaper Fed BOE 2015 BIS ZIRP NIRP QE Richard Koo reflate reflation asset bubble hunt for yield FOMO frothy World Bank distortion unknown unkown unintended consequences capital allocation speculative bubbles speculation monetary policy transmission mechanism liquidity trap theory GFC recovery credit China BRIC Brazil India South Africa Russia Europe UK BOJ Abenomics squeeze excess reserves PBOC economic history creditcrunch crunch ECB commodity prices energy price Oil OPEC petrodollar QT FX global trade New Normal secular stagnation faultlines Structural Impediments imbalance western deflationary deflation austerity fiscal stimulus system debt monetisation monetization unconventional debtoverhang refinancing creditrating creditrisk deleveraging private household disposable income discretionary spending wage growth distribution low inequality Gini coefficient squeezed middle class downward mobility working poor precarious work Zero Hour Contract Contractor self-employment Zeitarbeit Leiharbeit Sozialer Abstieg jhttps://pinboard.in/u:asterisk2a/b:6b397259618a/Labour leadership races can change fast; interest rates, not so much | Business | The Guardian2015-09-06T19:22:14+00:00
http://www.theguardian.com/business/2015/sep/06/labour-leadership-race-change-fast-interest-rates-not-jeremy-corbyn
asterisk2abalance of payments 2015 budget2015 austerity output gap productivity household debt public private consumer UK George Osborne short-term Mark Carney BOE ZIRP QE NIRP bond bubble current account deficit trade structural industrial policy STEM Research Manufacturing energy price renewable Career Politicians No Representation fairness Generationengerechtigkeit Tories Conservative Party Toff Establishment Privileged asset equity property reflate reflation fiscal stimulus Richard Koo debtoverhang sheet recession Software Is Eating The World underinvestment productive investment business confidence wage stagnation growth secular deflationary deflation competitive competition competitiveness globalization globalisation global added value creation corporate tax rate capital gains inequality Gini coefficient poverty trap child social mobility income disposable discretionary spending economic history trickle-down economics neoliberalism neoliberal Privatisation poundhttps://pinboard.in/u:asterisk2a/b:5ff32a72faf8/▶ How The Economic Machine Works by Ray Dalio2015-09-05T14:22:00+00:00
https://www.youtube.com/watch?v=PHe0bXAIuk0
asterisk2acredit bubble austerity business cycle debt financial Super economic productivity income growth wage stagnation output gap economics disposable discretionary spending history living standard of gender pay reflate reflation asset equity China USA 2015 speculative bubbles secular deflationary deflation household government public servitude student loan consumer debtoverhang balance sheet recession deleveraging sovereign crisis monetisation monetization private GFC recovery Richard Koo liquidity trap NPL excess reserves zombie banks restructuring QE ZIRP NIRP jubilee greatrecession Great Depression budget deficit Rich Polarisation Thomas Piketty tax evasion avoidance fairness inequality Gini coefficient social cohesion tension contract Career Politicians Joseph Stiglitz Paul Krugman Robert Reich Mark Blyth redistribution mobility capital gains code corporate rate lost decade generation neoliberalism neoliberal globalization globalisation western world developed Europe competitiveness competition competitive flathttps://pinboard.in/u:asterisk2a/b:c66ba8d4e557/Vince Cable: ‘Historically, the coalition will be seen as a success’ – interview | Politics | The Guardian2015-09-05T12:38:34+00:00
http://www.theguardian.com/politics/2015/sep/05/vince-cable-historically-coalition-will-be-seen-as-success
asterisk2aGeorge Osborne David Cameron Career Politicians No Representation social contract political theory austerity Tories Conservative Party Toff Establishment Privileged Generationengerechtigkeit fairness Liberal Democrats UK policy folly error budget2015 underinvestment R&D STEM Research productive investment infrastructure public business productivity output gap Richard Koo economic history trickle-down economics neoliberalism neoliberal Gini coefficient child poverty trap DWP Iain Duncan Smith income mobility inequality London bank bailout self-regulation deregulation banking tax evasion avoidance Opportunism opportunist short-term corporate rate Super Rich 1% babyboomers education free working poor precarious work Precariat credit housing affordable asset bubble property equity 2015 generation rent student loan debt disposable discretionary spending household job creation Service Sector Jobs Niedriglohnsektor self-employment general election campaign promises class warfare secular stagnation recovery GFC soverhttps://pinboard.in/u:asterisk2a/b:b4d1091de85f/After the Crisis - Mark Blyth - YouTube2015-09-04T02:48:54+00:00
https://www.youtube.com/watch?v=_EDGTzOXa_g
asterisk2a> what if rise of the banks (deregulation, easy credit, global financial markets - arbitrage, and making money with money) fuelled the growth of the last ~25-30 years. // min 47 3 asset bubbles popped // USA - 40% of corporate profits came from 10% of corporate sector (banks) // 30% of MIT grads went to banks instead of real world engineering and manufacturing. // underwater private sector! via credit bubble: student loans (now 1trn and still rising in USA and UK, future disposable income/discretionary spending lower than babyboomers because of wage stagnation, no wage growth) credit cards, mortgages, heloc (home equity line of credit) --- all will have to focus on paying back debt. // 2015 - us student loans 1.25trn - bit.ly/1KJ29uc + auto loans << bubble to eventually pop when collateral is falling! ie stagnant wages for 10 more years. and more and more cant repay their student loans. // 1:12:00 Bubbles move on; dot.com, real estate (property) & commodities, China,]]>Mark Blyth austerity GFC recovery banking crisis sovereign debt economic history PIIGSFB bank bailout fairness Generationengerechtigkeit toobigtofail too big to jail bail TBTF ECB NPL deleveraging balance sheet recession underwater credit bubble trickle-down economics China 2015 2008 dot.com western world secular stagnation servitude student loan generationy generation rent Millennials disposable income discretionary spending marginal propensity consume Super Rich squeezed middle class Sozialer Abstieg self-employment Zero Hour Contract Contractor underemployed precarious work working poor inequality Gini coefficient post-capitalism crony capitalism manufactured consent Polarisation Thomas Piketty developed propaganda populism corporate state media democracy Career Politicians lobbyist Lobbying lobby deregulation self-regulation Workers Union wage growth distribution mobility low redistribution consumer debtoverhang Cycle household private asset reflate reflation allocation distortion monetary policy stimulushttps://pinboard.in/u:asterisk2a/b:82647e4b6017/Alibaba Is the Canary in China's Coal Mine - Bloomberg View2015-09-02T23:11:01+00:00
http://www.bloombergview.com/articles/2015-09-01/alibaba-is-the-canary-in-china-s-coal-mine
asterisk2aAlibaba China Jack Ma 2015 credit bubble PBOC equity asset property speculative bubbles 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 unknown unkown unintended consequences hubris irrational exuberance western world faultlines Structural Impediments imbalance savings glut correlation excess reserves banking crisis shadow investment New Normal fractional reserve BIS centralbanks monetary policy fiscal short-term 1% Super Rich Privileged Establishment Toff bank bailouthttps://pinboard.in/u:asterisk2a/b:67f0dab0ffae/UK interest rate rises - waiting for lift-off | Business | The Guardian2015-08-02T17:01:39+00:00
http://www.theguardian.com/business/economics-blog/2015/aug/02/uk-interest-rate-rises-waiting-for-lift-off
asterisk2aBOE Taper austerity fiscal policy monetary ZIRP NIRP QE UK economic history recovery stimulus Mark Carney 2015 balance sheet recession debtoverhang deleveraging savings rate consumer debt sovereign crisis household monetisation monetization private credit card mortgage market discretionary spending disposable income macroeconomics macroprudential macroeconomic microeconomic current account deficit Makers folly error Career Politicians No Representation short-term thinking view David Cameron George Osborne IMF OECD Toff dogma ideology neoliberalism neoliberal fairness Establishment Privileged asset bubble hunt for yield allocation speculative bubbles Funding Lending Scheme Help to Buy housing affordable STEM education industrial globalization globalisation competitiveness competitive competition advantage London Westminster distortionhttps://pinboard.in/u:asterisk2a/b:c1c7abbac6a4/The Coming Crash & The Recession That Never Ended - Part 1 - YouTube2015-07-18T16:37:23+00:00
https://www.youtube.com/watch?v=sRTgRQbGeQE
asterisk2aRichard Wolff Taper equity bubble China irrational exuberance ZIRP NIRP QE unintended consequences unknown unkown asset hunt for yield stock buyback fundamentals economic growth recovery UK USA balance sheet recession Europe Koo job creation Service Sector Jobs labour market participation rate underemployed structural unemployment imbalance Impediments youth long-term Gini coefficient income disposable low distribution inequality wage stagnation employment self-employment squeezed middle class precarious work working poor social mobility Robert Shiller robertshiller part-time Contractor Zero Hour Contract uncertainty Niedriglohnsektor minimum Niedriglohn Lohnzurückhaltung lohndumping Zeitarbeit Leiharbeit monetary policy fiscal deleveraging debtoverhang savings debt servitude Super Cycle behavioral economics finance skills gap education vocational history model trickle-down discretionary spending dogma ideology austerity neoliberal neoliberalism democracy Career Politicians No Representation monetisation mhttps://pinboard.in/u:asterisk2a/b:1527c0b7a3f9/UK's inflation rate falls to 0% - BBC News2015-07-14T11:13:34+00:00
http://www.bbc.co.uk/news/business-33518710
asterisk2a> Carney: Current account deficit is a risk highlighted by FPC. UK is relying on the kindness of strangers to finance current account deficit. Household borrowing isn't driving the deficit Tighter fiscal policy is needed. Tighter macroeconomic policy is needed also. Deficit highlights importance of maintaining the attractiveness of the UK for foreign investment // &! bit.ly/1I07olT - BOE's Miles doesn't see secular stagnation in the UK [...] Carney - Health of the financial system is likely to boost productivity [really?] [...] McCafferty: Low income jobs have kept productivity low &! bit.ly/1JfaSxr - Bank is looking at the household sensitivity to rate rises [ mortgage bubble will prevent BOE to raise rates faster as demand stokes as more disposable income is spend on serving interest payments thus depressing GDP growth bc 70% of it is consumer spending ] &! bit.ly/1HtySg1]]>current account deficit UK Mark Carney austerity fairness sovereign debt crisis ZIRP NIRP QE unintended consequences unknown unkown asset bubble equity property George Osborne productivity output gap industrial policy STEM Higher Education added value fiscal Public infrastructure investment recovery economic history competitiveness competitive globalisation globalization flat world borderless deflationary deflation secular stagnation zombie banks Service Sector Jobs job creation market labour economics skills vocational working poor precarious work Precariat squeezed middle class Zero Hour Contract Contractor disposable income discretionary spending household Niedriglohn Niedriglohnsektor underemployed self-employment employability part-time mortgage BOE 2015 macroprudential macroeconomic microeconomic Manufacturing stimulus Taper USA negative real interest rate interestrate servicing payment consumerhttps://pinboard.in/u:asterisk2a/b:62534518b4d4/Can we ever really expect to see the growth of the past again? - Telegraph2015-06-28T19:18:49+00:00
http://www.telegraph.co.uk/finance/economics/11305888/Can-we-ever-really-expect-to-see-the-growth-of-the-past-again.html
asterisk2a> 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 economics Niedriglohn Niedriglohnsektor Service Sector Jobs job creation economic history recovery GFC dot.com policy folly error education vocational Future of Work Mobile Creatives Creative competitiveness competitive globalisation globalization flat borderless abundance marginal cost damage microeconomic long-term view thinking employability unemployment asset bubble ZIRP NIRP QE workforce austerity IMF OECD growth lost decade generation disposable income discretionary spending squeezed middle class precarious Precariat Zeitarbeit Leiharbeit Minijob working poor Gini coefficient mobility downward social Super Rich 1% Sozialer Abstieg Existenzangst demographic sovereign debt crisis debtoverhang balance sheet recession savings glut deleveraging Career Politicianshttps://pinboard.in/u:asterisk2a/b:cae404e62c4e/