Pinboard (asterisk2a)
https://pinboard.in/u:asterisk2a/public/
recent bookmarks from asterisk2a(5666) Mark Blyth: The Economic Crisis and the Rise of Trumpism - YouTube2018-02-01T05:32:11+00:00
https://www.youtube.com/watch?v=X5JI0_i_Xik
asterisk2aMark Blyth economic history GFC Austerity Brexit AfD DonaldTrump Donald Trump technocracy inequality income wage growth disposable discretionary spending debt servicing bubble secular stagnation babyboomershttps://pinboard.in/https://pinboard.in/u:asterisk2a/b:fc7b181a7f99/The ten graphs which show how Britain became a wholly owned subsidiary of the City of London (and what we can do about it) – New thinking for the British economy2017-05-09T01:57:18+00:00
https://www.opendemocracy.net/neweconomics/the-ten-graphs-which-show-how-britain-became-a-wholly-owned-subsiduary-of-the-city-of-london-and-what-we-can-do-about-it/
asterisk2a> But it doesn’t increase the productive capacity of the economy one iota: a more expensive house doesn’t produce more intelligent children, and a higher share price doesn’t boost a company’s productivity (though it can indirectly boost its capacity to raise funds for investment). [...] Debt-financed asset purchases are thus fundamentally a Ponzi activity: // not just tight housing supply is increasing prices, but also easy credit/debt/mortgage market! // [...] ultimately, there is a limit to just how much debt individuals and corporations can take on – even with low interest rates]]>UK ZIRP NIRP QE housing market mortgage household consumer debt disposable income servitude GFC recovery wage growth Ponzi asset capital Kapital BOE credit card affordable social servicing default rate insolvency speculation unintended consequences economic history consumption secular stagnation Brexit policy fiscal monetary Mark Carney underinvestment productivity R&D Career Politicians Margaret Thatcherhttps://pinboard.in/https://pinboard.in/u:asterisk2a/b:86da1b4c426d/Tyler Cowen: "The Great Stagnation", Michael Vassar & Cowen Debate at Singularity Summit 20112016-04-08T22:09:41+00:00
https://www.youtube.com/watch?v=ed6gNSZRawY
asterisk2asecular stagnation western world underinvestment R&D innovation Innovators Dilemma rentier rent-seeking oligopol oligopoly winner take all babyboomers Generationengerechtigkeit fairness austerity triple-lock pension obligation recovery Super Rich 1% plutocracy oligarchy No Representation lobby Career Politicians OAP demographic bubble ageing population sick health crisis economic damage climate change global warming productivity gap output GDP measurement GNP nominal targeting inflation BRIC creative destruction Mobile Debt Cycle servitude servicing service income tax receipts evasion avoidance Moore's Law COP21 macroeconomic policy microeconomic OECD IMF crony capitalism Privileged Establishment shareholder profit maximisation maximization value revolving door Wall Street squeezed middle class working poor disposable trickle-down economics neoliberal neoliberalism discretionary spending renewable energy infrastructure investment Smart Grid AI artificial intelligence augmented Autonomous Cars ZIRP NIRP QE Newhttps://pinboard.in/u:asterisk2a/b:59929a2c68a8/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/Wie Europa Schulden loswerden kann - SPIEGEL ONLINE2014-01-05T19:08:36+00:00
http://www.spiegel.de/wirtschaft/soziales/wie-europa-schulden-loswerden-kann-a-941666.html
asterisk2adebt servicing sovereign crisis consumer Super Cycle Europe zombie corporations ZIRP liquidity-trap QE KennethRogoff liberal economic reform history MarioDraghi ECB unconventional monetary policy theory transmission mechanism deflation deflationary debtoverhang balance sheet recession GFC greatrecession greatdepression lostdecade lostgeneration youth unemployment austerity IMF Japan UK USA budget deficit France financial repression hunt for yield asset bubble speculative bubbles New Normal PIMCO Mohamed El-Erian jubilee monetization monetisation restructuring private public household carmenreinhart WallStreet inflation targeting expectation communication babyboomers haircut PIGS toobigtofail TBTF Richardkoohttps://pinboard.in/u:asterisk2a/b:a432d826958d/