Pinboard (asterisk2a)
https://pinboard.in/u:asterisk2a/public/
recent bookmarks from asterisk2aWhat 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/Ex-MPC member says rates will stay low until 2021 - BBC News2016-03-05T10:44:26+00:00
http://www.bbc.co.uk/news/business-35731957
asterisk2aZIRP NIRP QE BOE UK global economy recovery aggregate demand property bubble underinvestment austerity George Osborne speculative bubbles speculation mortgage market macroprudential policy Mark Carney Help to Buy Scheme Save Right Buy-to-Let subprime car loan credit card debt zombie consumer corporations banks Richard Koo liquidity trap secular stagnation economic history GFC household private David Blanchflower Danny financial repression hunt for yield asset allocation distortion Super Cycle junk bond Gini coefficient deflationary deflation Taper QT monetary fiscal Pact Schuldenbremse BIS ECB Fed BOJ PBOC hot-moneyhttps://pinboard.in/u:asterisk2a/b:d7481ce5bca3/German Banks Told To Start Hoarding Cash | Zero Hedge2016-03-04T19:40:55+00:00
http://www.zerohedge.com/news/2016-03-04/revolution-begins-german-banks-told-start-hoarding-cash
asterisk2aRichard Koo aggregate demand austerity fiscal policy Pact Schuldenbremse economic history ZIRP NIRP QE distortion financial repression hunt for yield speculative bubbles speculation Venture Capital Mutual Fund Private Equity reflate reflation recovery GFC debtoverhang liquidity trap zombie banks deleveraging Debt Super Cycle secular stagnation consumer wage squeezed middle class disposable income discretionary spending marginal propensity to consume tax evasion avoidance oligarchy plutocracy Rich 1% household car loan credit card student Bubble generation rent OMT job creation Service Sector Jobs working poor precarious work Precariat Zero Hour Contract Contractor Leiharbeit Zeitarbeit Agenda 2010 low pay TLTRO LTRO monetary transmission mechanism velocity of moneyhttps://pinboard.in/u:asterisk2a/b:c7771e102797/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/Interview With Mohamed El-Erian: Masters in Business (Audio) by Bloomberg View2016-02-15T12:36:41+00:00
https://soundcloud.com/bloombergview/interview-with-mohamed-el
asterisk2aNew Normal financial repression NIRP ZIRP QE economic history secular stagnation GFC credit bubble book western world emerging middle class debtoverhang Richard Koo deleveraging debt servitude Super Cycle household consumer card car loan student KennethRogoff carmenreinhart sovereign crisis austerity Paul Krugman Gini coefficient inequality Joseph Stiglitz distortion monetary policy fiscal transmission mechanism liquidity trap unconventional theory system retirement demographic ageing population far-right Rechtsextremismus Rechtsruck zombie corporations banks Pact Schuldenbremse tax avoidance evasion inflation targeting expectation nominal GDP reflate reflation trust trustagent distrust business confidence public sentiment perception bank bailout Japan Abenomics AIIB IMF China BRIC self-regulation Great Moderationhttps://pinboard.in/u:asterisk2a/b:5a12fd81d01f/Vickers warns over weaker bank safety buffers - BBC News2016-02-14T20:44:44+00:00
http://www.bbc.co.uk/news/business-35573225
asterisk2azombie banks retail banking investment toobigtofail too big to jail TBTF bail economic history lobbyist lobby Lobbying GFC speculation CDS CDO derivatives Interestrateswap financial product VAR risk-management risk management Greed bonuses bonus crisis blackswan Black Swan Career Politicians No Representation democracy Super Rich 1% plutocracy oligarchy Wall Street shareholder value profit maximisation short-termism self-regulation regulation deregulation regulators Glass-Steagall BOE ECB Bundesbank sovereign debt Fedhttps://pinboard.in/u:asterisk2a/b:f24d5e6a8d11/As growth falters, Osborne hopes Mark Carney can keep a lid on interest rates | Business | The Guardian2016-02-07T10:50:05+00:00
http://www.theguardian.com/business/2016/feb/07/uk-gdp-falters-chancellor-keep-interest-rates-low-mark-carney
asterisk2aGeorge Osborne secular stagnation 2016 2015 Mark Carney BOE consumer debt household mortgage market subprime credit card zombie UK GDP output gap productivity job creation Service Sector Jobs recovery economic history austerity underinvestment business investment public fiscal policy monetary Richard Koo Paul Krugman David Cameron nasty party Conservative Tories short-termism bubble debtoverhang servitude disposable income discretionary spending marginal propensity to consume Funding 1% financial repression New Normal constituency babyboomers oligarchy Gini coefficient distribution inequality plutocracy Super Rich tax evasion avoidance corporate welfare subsidies subsidizing growth low pay wage precarious work Precariat free rate minimum budget2015 Food Bank foreign direct productive infrastructure demographic western world USA European Union ageing population CapEx Capital Expenditure corporations bankshttps://pinboard.in/u:asterisk2a/b:6d4bf762f385/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/Why is the pound falling so sharply? - BBC News2016-01-20T15:16:03+00:00
http://www.bbc.co.uk/news/business-35343792
asterisk2aUK BOE Taper ZIRP NIRP QE liquidity trap debtoverhang consumer debt household credit card mortgage market industrial policy austerity monetary fiscal Richard Koo zombie banks corporations transmission mechanism theory unconventional Mark Carney MPC energy price competitive competitiveness STEM underinvestment tax evasion avoidance corporate welfare rate subsidies subsidizing secular stagnation immigration migration job creation low income Service Sector Jobs recovery GFC bank bailout budget deficit London Scottish Independence referendum Devolution Brexit uncertainty unknown unkown global economy bubble servitude Super Cycle student loan baddebt NPL private economic history Niall Ferguson democracy Rich 1% oligarchy plutocracy Gini coefficient inequality social mobility Precariat Zero Hour Contract precarious work Contractor pay minimum wage George Osborne Tories dogma ideology Conservative Party neoliberalhttps://pinboard.in/u:asterisk2a/b:9edb3f85628f/Carney: No need for interest rate rises now - BBC News2016-01-19T18:21:52+00:00
http://www.bbc.co.uk/news/business-35351217
asterisk2aFed BOE 2016 Taper UK USA monetary policy Mark Carney mandate productivity output gap inflation expectation targeting nominal GDP deflationary deflation Oil price commodity prices wage secular stagnation economic history austerity fiscal property bubble consumer debt household credit card mortgage market ZIRP NIRP QE private corporate Europe ECB China 2015 global economy BRIC OPEC aggregate demand Richard Koo overcapacity Supply and liquidity trap transmission mechanism stimulus theory unconventional monetisation monetization zombie corporations banks debtoverhang balance sheet recession deleveraging margin trading speculative bubbles equity Super Cycle servitude leverage George Osborne dogma ideology neoliberalism neoliberal faultlines imbalances distortion emerging middle class Frontier Markets sovereign crisis unintended consequences unknown unkown QT financial repression New Normalhttps://pinboard.in/u:asterisk2a/b:6fcbb96b6a0b/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/Nomi Prins-Federal Reserve Transition to Destruction - YouTube2015-10-01T18:55:48+00:00
https://www.youtube.com/watch?v=AFMinapKlTA
asterisk2aZIRP NIRP book QE reflate reflation equity bubble credit Taper Richard Koo BRIC China 2015 junk bond trickle-down economics Super Rich 1% property household debt UK USA BOE Fed mandate Janet Yellen Mark Carney MPC monetary policy transmission mechanism excess reserves retail banking secular stagnation wage disposable income distribution inequality Gini coefficient squeezed middle class job creation market labour Niedriglohnsektor Service Sector Jobs recovery GFC benbernanke alangreenspan dot.com speculative bubbles bank bailout crisis leverage margin trading Cycle servitude private monetization monetisation fiscal austerity consumer card car loan debtoverhang economic history zombie banks corporations mainstreet.org Wall Street profit maximisation shareholder value crony capitalism corporate asset correction mortgage libor rigging scandal trust Career Politicians neoliberalism neoliberal FX hot-money currency-war currency debasement war balance sheet recession Niall Ferguson financial repression distortion Prhttps://pinboard.in/u:asterisk2a/b:08ebad32b940/IMF warns of new financial crisis if interest rates rise | Business | The Guardian2015-09-29T15:31:05+00:00
http://www.theguardian.com/business/2015/sep/29/imf-warns-new-financial-crisis-interest-rates-rise
asterisk2acredit bubble 2015 Taper centralbanks IMF OECD Frontier Markets Developing World Richard Koo Debt Super Cycle BRIC AIIB Bank recovery global economy trade globalization globalisation flat borderless currency-war currency debasement war BOE BOJ Abenomics ZIRP NIRP QE unknown unkown unintended consequences FOMO asset allocation capital malinvestment speculative bubbles property China Brazil commodity prices Oil price OPEC reflate reflation equity emerging middle class demographic secular stagnation western UK USA Europe Germany austerity divergence faultlines Structural Impediments imbalance Niall Ferguson Fed mandate monetary policy unconventional zombie consumer banks bailout banking crisis fiscal stimulus economic history trickle-down economics tax avoidance evasion inequality Gini coefficient NPL shadow corporations junk bond creditrating distortion financial GFChttps://pinboard.in/u:asterisk2a/b:e0d0d6f45fbc/Bubble Machine Timeline: Visual Evidence Of The Fed's "Third Mandate" | Zero Hedge2015-09-24T22:14:46+00:00
http://www.zerohedge.com/news/2015-09-24/bubble-machine-timeline-visual-evidence-feds-third-mandate
asterisk2afinancial crisis cycle business centralbanks BIS Fed BOE BOJ mandate monetary policy theory unconventional credit bubble Debt Super stimulus system ZIRP NIRP QE dot.com GFC recovery Richard Koo fiscal Boom and Bust distortion zombie banks corporations consumer banking bank bailout creative destruction Failure market Career Politicians Ben Bernanke Greenspan-Put alangreenspan Janet Yellen economic history trickle-down economics inequality Gini coefficient social cohesion tension contract fairness Generationengerechtigkeit servitude sovereign Niall Ferguson Paul Krugman Joseph Stiglitz secular stagnation western world crony capitalism lobbyist lobby Lobbying corruption bribery revolving door Wall Street shared interest profit maximisation shareholder value TBTF too big to jail bail investment retail post-capitalismhttps://pinboard.in/u:asterisk2a/b:437815614459/Raghuram Rajan - One-on-One: an investigative interview - 44th St. Gallen Symposium - YouTube2015-09-14T22:55:17+00:00
https://www.youtube.com/watch?v=fxvtxhKEYic
asterisk2a> 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 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 zombie banks savings glut business confidence investment USA UK Europe China asset allocation FOMO hunt for yield speculation Super Rich 1% property unconventional Fed BOE ECB inflation expectation targeting mandate deflationary deflation fiscal irrational exuberance panic hubris unknown unkown unintended consequences Taper book structural imbalance Impediments reserve fiat current account deficit trade stimulus Germany austerity dogma ideology credibility Career Politicians Pact Schuldenbremse transmission mechanism theory system complexity incomplete information shadow banking uncertainty volatility distortion repression governancehttps://pinboard.in/u:asterisk2a/b:f34f2d8b5d3e/Why did Japan stop growing? Professor Takeo Hoshi at ANU - YouTube2015-09-11T21:17:14+00:00
https://www.youtube.com/watch?v=8xpaAPTYAVo
asterisk2aJapan economic history lost decade generation ageing population demographic bubble culture society fiscal stimulus zombie banks corporations banking crisis Exportweltmeister Germany subsidies subsidizing distortion asset Abenomics monetary policy white elephants Richard Koo productivity corporate governance deflationary deflation crowding out Debt Super Cycle BOJ Yen public investment productive stagnation secular currency-war currency debasement war ZIRP QE NIRP liquidity trap transmission mechanism disinflation inflation expectation targeting Makers Career Politicians savings rate glut error marginal propensity to consume poverty squeezed middle class Sozialer Abstieg working poor precarious work inequality Gini coefficient industrial wage growth income disposable distribution low neoliberalism neoliberal part-time Zero Hour Contract Contractor underemployed microeconomic macroeconomic JGB bond monetisation monetization structural imbalance faultlines Impediments excess reserveshttps://pinboard.in/u:asterisk2a/b:62f3990020b3/▶ 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/(2015) Professor Steve Keen explains why austerity economics is naive - YouTube2015-08-31T02:31:11+00:00
https://www.youtube.com/watch?v=Au2N07eHa-Q
asterisk2a> Rising private debt 2 make up of the short-fall of public spending, that is what its institute of fiscal studies has been saying ever since Tories came into Office with its austerity agenda. // The next downturn (private debt rise stop & focus on servicing it/deleveraging + gov keeping austerity agenda) will be even steeper & harder! // On path of stagnation, of western world; how u serve that debt in New Normal of <~2% growth p/a & <2% inflation & <2% inflation expectations!? // &! youtu.be/-3aBjFo2Fh4 // youtu.be/WSfe6uyO5yE & youtu.be/4TTuPwIzFC0 - China "Crash." &! on.ft.com/1Ixhw1a 'Crazy China Crash Possible w contagion']]>UK austerity Mark Blyth Steve Keen Paul Krugman 2015 budget2015 recovery Schuldenbremse Fiscal Pact secular stagnation deflationary deflation private debt household servitude consumer debtoverhang student loan Super Cycle China equity bubble property credit reflate reflation asset allocation hunt for yield bond speculative bubbles demographic ageing population PBOC balance sheet recession deleveraging Richard Koo banking crisis zombie banks shadow investment sovereign PIIGSFB European Union Germany stimulus policy monetary BOE ECB Fed Taper western world developed IMF OECDhttps://pinboard.in/u:asterisk2a/b:62de6990c994/The Draghi Put - YouTube2015-08-30T22:55:22+00:00
https://www.youtube.com/watch?v=sVCIivy7dG0
asterisk2a90% debt2gdp u have a problem! == Rechtsruck &or Anti-Austerity. Political tail-risk!]]>Draghi Put ECB ELA TLTRO LTRO QE ZIRP NIRP liquidity trap distortion bond bubble asset equity reflate reflation financial repression allocation speculative bubbles deflationary deflation inflation expectation targeting MarioDraghi monetary transmission mechanism M3 policy stimulus theory hot-money hunt for yield debt monetisation monetization trust devaluation currency debasement currency-war fiat trustagent distrust Richard Koo fiscal austerity balance sheet recession deleveraging servitude Super Cycle Mark Blyth inequality New Normal economic history underinvestment productive investment infrastructure output gap productivity UK Europe Germany PIIGSFB zombie banks Thomas Piketty demographic ageing population growth Rechtsruck SNP European Election 2014 UKIP AfD NPD Conservative Party Tories Establishment Privileged babyboomers Lügenpresse manufactured consent PR spin doctor propaganda populism Labour Career Politicians No Representation social contract Generationengerechtigkeit fairness poverty Gini coefhttps://pinboard.in/u:asterisk2a/b:8bb174a071ae/Why we Polish are downing tools to get the recognition we deserve | John Zylinski | Comment is free | The Guardian2015-08-17T12:05:32+00:00
http://www.theguardian.com/commentisfree/2015/aug/17/polish-downing-tools-get-recognition-deserve-state-handouts
asterisk2aimmigrants immigration scape goat smoke mirror David Cameron UKIP Nigel Farage George Osborne DWP Iain Duncan Smith austerity UK Service Sector Jobs job market creation Sozialer Abstieg squeezed middle class Niedriglohn Niedriglohnsektor Lohnzurückhaltung lohndumping labour Workers Union Zeitarbeit Leiharbeit economic history industrial policy STEM Manufacturing manufactured consent propaganda populism Career Politicians No Representation short-term thinking view national interest Xenophobia racism Tories Conservative Party folly error Makers social contract cohesion tension welfare state neoliberalism neoliberal babyboomers Generationengerechtigkeit skills gap skill-biased technological change globalisation globalization borderless flat world competitive competitiveness competition London economies of agglomeration Westminster SNP Scotland Wales Northern Ireland progressive coldprogression kalte Progression financial repression bank bailout zombie banks GFC recovery political theory precarious work workinhttps://pinboard.in/u:asterisk2a/b:79078c3d1365/China's Devaluation Becomes Japan's Problem - Bloomberg View2015-08-14T03:51:00+00:00
http://www.bloombergview.com/articles/2015-08-13/china-s-devaluation-becomes-japan-s-problem
asterisk2aJapan economic history Abenomics BOJ 2015 China Yuan RMB currency debasement war devaluation fiscal policy QE ZIRP NIRP liquidity trap monetary deflationary deflation globalisation globalization secular stagnation western world UK USA Europe Germany Lohnzurückhaltung lohndumping Makers competitive competitiveness Exportweltmeister advantage competition flat New Normal Richard Koo Developing Frontier Markets borderless global trade economy balance sheet recession consumer confidence debtoverhang debt servitude sovereign crisis Super Cycle financial zombie banks corporations zombi creative destruction Silicon Valley technological progress skill-biased change Software Is Eating The Mobile Creatives Future of Work deleveraging asset bubble Wall Street reflation reflate hunt for yield allocation inflation targeting Fed BOE PBOC ECB transmission mechanism theoryhttps://pinboard.in/u:asterisk2a/b:f6f36e01b07b/Sorry to burst your bubble | The Economist2015-07-20T23:46:56+00:00
http://www.economist.com/news/finance-and-economics/21657817-new-research-suggests-it-debt-not-frothy-asset-prices-should-worry
asterisk2aleverage debtoverhang equity bubble regulation self-regulation regulators debt servitude consumer sovereign crisis Super Cycle household private economic history KennethRogoff carmenreinhart Greenspan-Put ZIRP NIRP QE margin trading asset liquidity damage allocation distortion behavioral economics finance mortgage market UK credit card housing property Funding for Lending Scheme Help to Buy fiscal policy monetary macroprudential sustainability sustainable NPL zombie banks model irrational exuberance macroeconomic growth monetisation reflation monetization consumerist consumerism confidence business financial GFC balance sheet recession Richard Koo deleveraging baddebt non-performing loanhttps://pinboard.in/u:asterisk2a/b:6805079eecaf/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/Mark Blyth Mackenzie Lecture 2015 – Austerity and the Politics of Money - YouTube2015-07-15T23:17:24+00:00
https://www.youtube.com/watch?v=B6vV8_uQmxs
asterisk2aMark Blyth austerity bailout book GFC ECB toobigtofail TBTF bank too big to bail sovereign debt crisis PIIGSFB zombie banks ZIRP NIRP QE financial repression economic history dogma ideology crony capitalism European Union Troika Eurogroup NPL reflate reflation unknown unkown unintended consequences deregulation self-regulation regulation regulators complexity oversight investment banking shadow literacy market Wolfgang Schäuble MarioDraghi equity bubble asset allocation distortion inflation targeting expectation Commission Parliament Angela Merkel GroKo lenderoflastresort Germany EuroFin IMF OECD academia academics M3 monetary policy transmission mechanism Richard Koo debtoverhang deleveraging balance sheet recession fiscal stimulus Pact Schuldenbremse spin doctor PR manufactured consent propaganda Lügenpresse populism corporate media deflationary deflation secular stagnation monetisation monetization Super Cycle budget2015 George Osborne Tories Conservative Party Generationengerechtigkeit fairness No Rhttps://pinboard.in/u:asterisk2a/b:497c39171066/Richard Koo: "Out of the Balance Sheet Recession and into QE 'Trap'" - YouTube2015-07-14T20:49:47+00:00
https://www.youtube.com/watch?v=rMGUveWr7Fg
asterisk2a2015 UK USA liquidity trap QE ZIRP NIRP balance sheet recession deleveraging debtoverhang Japan Fed BOE BOJ GFC recovery austerity economic history model academia deflationary monetary transmission mechanism M3 LTRO TLTRO lost decade generation fiscal policy Career Politicians bond bubble equity property negative real interest rate deposit levy growth trickle-down economics secular stagnation headwinds Great Depression PIIGSFB PIGS macroeconomic microeconomic damage behavioral zombie banks Abenomics squeezed middle class wage cash flow management trust distrust long-term view thinking sovereign debt crisis servitude household monetisation monetization Super Cycle student loan private consumer George Osborne David Cameron competitiveness competitive industrial budget2015 business investment infrastructure demographic uncertainty Sozialer Abstieg disposable income discretionary spending Yen JGB Taper greatrecession USD dogma ideology public short-term productivity output gap underinvestment productive book savihttps://pinboard.in/u:asterisk2a/b:7117ac773faf/Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian2015-07-10T22:20:21+00:00
http://www.theguardian.com/commentisfree/2015/jul/10/germany-greek-pain-debt-relief-grexit
asterisk2aYanis Varoufakis debt restructuring jubilee Super Cycle sustainable sustainability Great Depression Greece Grexit lost decade generation PIGS Troika Germany France IMF Angela Merkel ChristineLagarde European History Wolfgang Schäuble Thomas Piketty ECB MarioDraghi Leadership Union Insolvenzverschleppung insolvent insolvency austerity economic policy folly error Career Politicians No Representation dogma ideology propaganda Lügenpresse bailout zombie banks populism manufactured consent media conglomerate corporate state Jeroen Dijsselbloem Jean-Claude Juncker Eurogroup EFSF ELA EuropeanSystemicRiskBoard systemicrisk toobigtofail TBTF too big to jail referendum PIIGSFB PIIGS FrancoisHollande academia academic academics carmenreinhart kennethlewis Alexis Tsipras Syriza Wall Street crony capitalism Podemos Indignants Indignados occupywallstreet fairness GFC recovery model trickle-down economics economic-thought shared interest profit maximisation shareholder value economists damage short-term thinking viewhttps://pinboard.in/u:asterisk2a/b:0fad1cc6a6d3/Greece’s fight is for democracy in Europe. That’s why we must support it | Owen Jones | Comment is free | The Guardian2015-07-07T02:55:36+00:00
http://www.theguardian.com/commentisfree/2015/jul/06/greece-democracy-europe-eu
asterisk2ademocracy referendum Grexit Greece Europe technocrat austerity economic history GFC Career Politicians IMF World Bank ECB Troika crony capitalism bailout zombie banks too big to jail TBTF toobigtofail banking crisis sovereign debt Wall Street neoliberal neoliberalism liberal reform Yanis Varoufakis Owen Jones Thomas Piketty jubilee haircut Leadership No Representation Super Cycle debtoverhang restructuring dogma ideology propaganda Lügenpresse manufactured consent European solidarity Germany Angela Merkel corporate state Wolfgang Schäuble Jean-Claude Juncker ChristineLagarde MarioDraghi academia academicshttps://pinboard.in/u:asterisk2a/b:68f184d97df6/Münchau: Merkel zwischen Schuldenkonferenz und Grexit - SPIEGEL ONLINE2015-07-06T15:33:46+00:00
http://www.spiegel.de/wirtschaft/soziales/muenchau-merkel-zwischen-schuldenkonferenz-und-grexit-a-1042241.html
asterisk2a> London Debt Agreement (German: Londoner Schuldenabkommen) "An important term of the agreement was that repayments were only due while West Germany ran a trade surplus, and that repayments were limited to 3% of export earnings. This gave Germany’s creditors a powerful incentive to import German goods, assisting reconstruction." - bit.ly/1exF0vY bit.ly/1ep1dvW - also periphery countries like France, Italy, Spain and Portugal were encouraged by Allies not to demand war reparations.]]>Greece Grexit PIIGS PIGS sovereign debt crisis debtoverhang ideology propaganda WW1 WW2 Treaty of Versailles jubilee European History London Agreement Londoner Schuldenabkommen common good sense Gesellschaft dogma populism economic society austerity trickle-down economics long-term view thinking solidarity Angela Merkel IMF Troika Wolfgang Schäuble World Bank Jean-Claude Juncker ChristineLagarde academia academics sustainable sustainability Super Cycle restructuring haircut bubble TBTF too big to jail toobigtofail crony capitalism Career Politicians No Representation Leadership Legacy vision Union fiscal transferunion Eurobond lost decade generation GroKo Sigmar Gabriel manufactured consent corporate state democracy Lügenpresse political theory error economy folly policy ECB MarioDraghi Makers Great Depression GFC recovery output gap bailout zombie banks banking EuropeanSystemicRiskBoard BIShttps://pinboard.in/u:asterisk2a/b:a874589773c0/Gregor Gysi, DIE LINKE: »Sie wollen die linke Regierung in Griechenland beseitigen« - YouTube2015-07-02T21:56:21+00:00
https://www.youtube.com/watch?v=E0xK5FIYoWY
asterisk2aGroKo Angela Merkel European Union bailout Grexit PIGS PIIGS EFSF EFSM ESM IMF Germany Leadership austerity ideology Fiscal Pact Schuldenbremse Wolfgang Schäuble Jean-Claude Juncker zombie banks GFC sovereign debt crisis democracy No Representation EuropeanSystemicRiskBoard History Rechtsruck propaganda manufactured consent Sigmar Gabriel solidarity Gesellschaft Lügenpresse investigative journalism journalismus Syriza political economy theory France economic election campaign promises Protest Partei Party Podemos Career Politicians short-term thinking view Sozialer Abstieg squeezed middle class hartz-iv welfare state Public Services Social fairness Super Rich 1% tax evasion avoidance crony capitalism sovereignty Troika corporate Toff Establishment Privileged poverty Gini coefficient mobility UK ChristineLagarde science error folly PR relations spin doctor banking transferunion currency monetary Eurobond ECB MarioDraghi trichet compromise Politicshttps://pinboard.in/u:asterisk2a/b:1d4c5cf076d5/Griechenland: Varoufakis sagt Wahrheit über Schuldenschnitt - SPIEGEL ONLINE2015-06-15T13:59:21+00:00
http://www.spiegel.de/wirtschaft/soziales/griechenland-varoufakis-sagt-wahrheit-ueber-schuldenschnitt-a-1038814.html
asterisk2ahaircut Grexit Greece sovereign debt crisis zombie banks bailout economic history jubilee Super Cycle bubble restructuring IMF Troika ECB monetary union fiscal Pact Schuldenbremse banking Eurohttps://pinboard.in/u:asterisk2a/b:3d5f8433ee6b/Eurozone still in denial about Greece - BBC News2015-06-03T21:16:23+00:00
http://www.bbc.co.uk/news/business-32989534
asterisk2aGrexit economic history PIGS austerity Fiscal Pact sovereign debt crisis Super Cycle Europe bailout zombie banks Troika IMF Angela Merkel Wolfgang Schäuble Germany bank jog run ECB European Union banking solvency insolvency insolvent Insolvenzverschleppung Career Politicians No Representation short-term thinking view Greece jubilee haircut bubble bond restructuring monetisation monetization monetary policy unconventional system transmission mechanism Great Depression 2015 lost decade generation liquidity trap balance sheet recession deleveraging debtoverhang GFC GoldmanSachshttps://pinboard.in/u:asterisk2a/b:040a36e587d5/Who Will Be Hurt Most When The Tech Bubble Bursts? Not VCs | TechCrunch2015-05-30T18:53:39+00:00
http://techcrunch.com/2015/05/24/who-will-be-hurt-most-when-the-tech-bubble-burst-not-vcs/#.qy0vrq:7rfy
asterisk2aSilicon Valley burn rate operations Bill Gurley Unicorn runway FOMO Venture Capital growth round termsheet liquidation preferences Private Market Equity SPV bubble distortion QE ZIRP NIRP disinflation secular stagnation deflationary deflation western world business model revenue revenues fiscal policy income USA OECD sovereign debt crisis austerity disposable error Taper folly monetary productive investment underinvestment infrastructure 1% Super Rich on-demand convenience Share Economy labour economics discretionary spending Schuldenbremse PIGS Brexit Grexit currency war macroeconomics Pact Europe productivity Lohnzurückhaltung job creation globalisation globalization Niedriglohn Niedriglohnsektor Service Sector Jobs flat borderless competitive Future of Work Industrial Revolution 2.0 economic history speculative bubbles speculation demographic Cycle consumer zombie bankshttps://pinboard.in/u:asterisk2a/b:30fff9e079ab/What Explains the Persistent Lack of Inflation? - YouTube2015-05-29T15:49:25+00:00
https://www.youtube.com/watch?v=msPHa9oxVcg
asterisk2asecular stagnation western world disinflation deflationary 2015 economic history model economics of abundance marginal cost Lohnzurückhaltung Niedriglohnsektor income growth squeezed middle class QE ZIRP NIRP fiscal policy austerity monetary liquidity trap Abenomics demographic bubble complexity unintended consequences unknown unkown deleveraging balance sheet recession society productivity UK USA Europe Japan OECD output gap participation rate labour market Fed BOE ECB BOJ IMF recovery GFC tax evasion avoidance Wall Street profit maximisation shareholder value Super Rich 1% crony capitalism bailout inequality Gini coefficient trickle-down damage macroeconomics microeconomics neoliberal neoliberalism Schuldenbremse Pact PIGS zombie banks corporations consumerhttps://pinboard.in/u:asterisk2a/b:67c64a76c7b7/John Ralston Saul: The Collapse of Globalism - YouTube2015-05-27T23:36:32+00:00
https://www.youtube.com/watch?v=90UAEtt0ta8
asterisk2a> extremes (ideology) break down (GFC) // austerity doesn't work!]]>globalisation globalization economic history GFC recovery austerity liberal reform book democracy human capital deregulation lobbyist lobby Lobbying No Representation Career Politicians model trickle-down economics borderless TTIP flat world income growth western Gini coefficient Consumer Protection CETA NAFTA USA social cohesion contract tension crony capitalism Wall Street profit maximisation shareholder value Davos 1% Super Rich Thomas Piketty Robert Reich Joseph Stiglitz Paul Krugman bailout too big to jail toobigtofail TBTF PIGS IMF Bank education policy vocational underinvestment productive investment Industrial Revolution 2.0 Future of Work tax evasion avoidance code stakeholder Margaret Thatcher Angela Merkel David Cameron George Osborne neoliberal neoliberalism academia academic alangreenspan Ben Bernanke benbernanke Great Moderation zombie banks ideology individuality sociology society psychology gesellschaft gains self-regulation regulation regulators Oversight revolving doorhttps://pinboard.in/u:asterisk2a/b:10efc9806a80/For Sale: Bel Air Home to Be Listed for Record $500M - YouTube2015-05-27T20:01:37+00:00
https://www.youtube.com/watch?v=sj487ZTSkN8
asterisk2a1% Super Rich London distortion China Brazil capital gains investment management flow underinvestment productive QE ZIRP NIRP bond bubble alternative fiscal policy currency war zombie banks corporations western world secular stagnationhttps://pinboard.in/u:asterisk2a/b:5f88a532b058/Ratingagentur: Fitch straft deutsche Banken ab - SPIEGEL ONLINE2015-05-20T13:26:35+00:00
http://www.spiegel.de/wirtschaft/unternehmen/ratingagentur-fitch-straft-deutsche-banken-ab-a-1034587.html
asterisk2adistortion bailout crony capitalism No Representation Career Politicians capital reserves zombie banks Europe too big to jail toobigtofail TBTF economic history GFC recovery Debt Super Cycle sovereign crisis austerity IMF World Bank USA UK Japan Germany policy folly error lobbyist lobby Lobbying revolving door Washington presidency barackobama financial market EuropeanSystemicRiskBoard systemicriskhttps://pinboard.in/u:asterisk2a/b:6f7f7a5d8577/Staatsanleihen und Zinsen: Kommt der nächste Crash? - SPIEGEL ONLINE2015-05-17T17:02:38+00:00
http://www.spiegel.de/wirtschaft/staatsanleihen-und-zinsen-kommt-der-naechste-crash-a-1034007.html
asterisk2abond bubble Taper Oil price 2015 asset allocation distortion QE ZIRP NIRP TLTRO LTRO Fed BOJ ECB BOE Europe UK USA sovereign debt crisis recovery GFC economic history zombie banks corporations consumer mortgage market monetary policy Super Cycle deleveraging household monetisation monetization private debtoverhang M3 liquidity trap transmission mechanism energy austerityhttps://pinboard.in/u:asterisk2a/b:0778c84ee3bb/Paul Krugman ; 2015 Fed Rate Increase Is Unlikely Need More to Revive U.S. Economy - YouTube2015-05-14T11:55:00+00:00
https://www.youtube.com/watch?v=0d1I2Qmyfbo
asterisk2aTaper economic history monetary policy Fed NIRP ZIRP QE POMO TARP full employment structural imbalance global imbalances globalisation globalization labour market economics secular stagnation deflationary inflation flat world borderless Industrial Revolution 2.0 BRIC competition Paul Krugman Japan lost decade generation Europe deflation PIGS trade headwinds ECB BOJ Abenomics austerity zombie corporations banks sovereign debt crisis Super Cycle liquidity trap debtoverhang balance sheet recession model participation rate output gap Western long-term unemployment unintended consequences inequality Gini coefficient social mobility income Rich 1% tax evasion avoidance complexityhttps://pinboard.in/u:asterisk2a/b:ebe3f89a89f9/Solving the productivity puzzle - BBC News2015-04-20T19:20:47+00:00
http://www.bbc.co.uk/news/business-32386492
asterisk2aproductivity 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 ZIRP NIRP QE business investment confidence austerity fiscal sovereign debt crisis monetary algorithm automation Software Is Eating The 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 avoidance Super Rich productive 1% speculative bubbles liquidity trap debtoverhang zombie corporations banks consumer property demographic complexity incomplete information lost decade generation Abenomics Japan uncertainty distrust No Representation Career Politicians trust trustagent folly Wall Street shareholder value profit maximisation academia sociology sentiment fear anxiety status crony capitalism social cohttps://pinboard.in/u:asterisk2a/b:12dda99693e2/Marc Andreessen on innovation and diversity | Fortune - YouTube2015-04-19T22:08:55+00:00
https://www.youtube.com/watch?v=71JE89uWBCQ
asterisk2a2015 IPO M&A Wall Street shareholder value Silicon Valley bubbles equity bubble bond recovery GFC ZIRP NIRP QE BOE BOJ Abenomics ECB Fed Public Market Private hunt for yield single-class share structure Marc Andreessen Venture Capital Unicorn economic history macroeconomics debt secular stagnation demographic speculative behavioral economics finance distortion sovereign crisis zombie corporations banks consumer Super Cycle monetisation monetization deleveraging debtoverhang balance sheet recessionhttps://pinboard.in/u:asterisk2a/b:c12c0e51b97e/Inside Out London - The Great Property Race2015-04-15T15:01:42+00:00
http://www.bbc.co.uk/programmes/b0071mkv
asterisk2a> 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 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 UK Betongold Beton Gold bond debt zombie corporations banks productive investment macroprudential policy BOE BOJ Private Equity symptom unintended consequences recovery productivity output gap STEM Future of Work Mobile Creatives Creative Makers short-term thinking view folly error No Representation Career Politicians borderless globalisation globalization flat world job creation research human progress Philosophy status anxiety superficialhttps://pinboard.in/u:asterisk2a/b:3148fffca448/Would you rather be a real millionaire or a paper billionaire? The psychology of unicorns and the toll on Q1 returns | PandoDaily2015-04-15T13:54:24+00:00
http://pando.com/2015/04/14/would-you-rather-be-a-real-millionaire-or-a-paper-billionaire-the-psychology-of-unicorns-and-the-toll-on-q1-returns/
asterisk2aPrivate Equity Hedge Fund Mutual growth round Venture Capital Silicon Valley Unicorn hunt for yield Sovereign Wealth distortion ZIRP NIRP QE bubble bond debt zombie corporations banks Super Cycle savings glut liquidity trap productive investment speculative bubbles Wall Street incomplete information market confirmation bias pattern matching recognition selection behavioral financehttps://pinboard.in/u:asterisk2a/b:7914d5d2121c/Deutschlands Handelsbilanz: Die Probleme einer Exportnation - SPIEGEL ONLINE2015-04-13T21:03:08+00:00
http://www.spiegel.de/wirtschaft/soziales/deutschlands-handelsbilanz-die-probleme-einer-exportnation-a-1028256.html
asterisk2abusiness confidence trustagent trust GFC recovery deleveraging global imbalances balance sheet recession debtoverhang sovereign debt crisis PIGS Europe ECB economic history IMF austerity OECD investment productive productivity output gap UK Wall Street Germany France infrastructure BRIC Asia Latin America borderless globalisation flat world globalization savings glut ZIRP NIRP QE hunt for yield bond bubble unintended consequences Taper USA Fed BOE Abenomics BOJ lost decade 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 algorithm Super Rich 1% middle class squeezed living wage working poor Exportweltmeister crony capitalism exploitation lobby Lobbying lobbyist Career Politicians No Representation consumer demographic zombie corporations banks secular stagnation structural imbalance Impediments faultlineshttps://pinboard.in/u:asterisk2a/b:3f1271ebb648/Why 'secular stagnation' matters - BBC News2015-04-03T03:23:28+00:00
http://www.bbc.co.uk/news/business-32163541
asterisk2asecular stagnation Europe Japan economic history lost decade global imbalances rebalancing demographic bubble demographics demography immigration western world growth deleveraging balance sheet recession liquidity trap sovereign debt crisis Super Cycle bond QE monetization monetisation stagflation deflation deflationary zombie banks 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 yieldhttps://pinboard.in/u:asterisk2a/b:7a70d07b83e1/As a jobcentre adviser, I got ‘brownie points’ for cruelty | Mary O’Hara | Society | The Guardian2015-02-06T20:40:38+00:00
http://www.theguardian.com/society/2015/feb/04/jobcentre-adviser-play-benefit-sanctions-angela-neville
asterisk2awelfare state Liberal Democrats Conservative Party social safety net Politics austerity general election 2015 cohesion ethical machine child poverty in old age food David Cameron George Osborne Toff Establishment Privileged Super Rich 1% No Representation Career Politicians Protest Partei European 2014 UKIP SNP education policy Services Public Banks NHS folly error Makers tax evasion avoidance code loopholes Lobbying lobbyist lobbyhttps://pinboard.in/u:asterisk2a/b:5f5e6f6e2ffe/BBC News - ECB unveils massive QE boost for eurozone2015-01-22T18:54:34+00:00
http://www.bbc.co.uk/news/business-30933515
asterisk2aECB QE unconventional monetary policy deflation deflationary recovery Europe debt monetization monetisation GFC deleveraging Structural Impediments imbalance debtoverhang balance sheet recession liquidity trap sovereign crisis Grexit consumer private Super Cycle bubble household restructuring haircut public zombie banks transmission mechanism fiat currency money stimulus theory system Japan economic history global economy 2015 faultlines PIGS output gap productivity Euro war NIRP ZIRP hunt for yield unintended consequences exit strategy MarioDraghi Wall Streethttps://pinboard.in/u:asterisk2a/b:48f37999b933/BBC News - 'Colossal' spending cuts to come, warns IFS2014-12-04T23:56:00+00:00
http://www.bbc.co.uk/news/business-30327717
asterisk2aausterity George Osborne general election 2015 UK recovery education policy Year of Code Software Is Eating The World industrial fairness Gerechtigkeit tax avoidance evasion Toff Establishment No Representation Super Rich Privileged 1% free income disposable productivity output gap liquidity trap zombie consumer corporations banks monetary transmission mechanism sovereign debt crisis Cycle living wage working poor child poverty food public health sick population NHS practical skills skill set STEM apprenticeships un-college bubble Liberal Arts democracy Democratic Process Career Politicians Makers error folly GFC debtoverhang deleveraging flat globalisation globalization competitive competitiveness comparative advantage Mobile Creative Creatives war for talenthttps://pinboard.in/u:asterisk2a/b:4032f1653ec7/Autumn Statement 2014: Osborne's Cuts 'Will See Public Spending Fall To Lowest Level In 80 Years'2014-12-04T17:08:45+00:00
http://www.huffingtonpost.co.uk/2014/12/03/george-osborne-cuts-autumn-statement_n_6262280.html
asterisk2aausterity UK George Osborne economic history David Cameron general election 2015 fairness Liberal Democrats Conservative Party Labour Super Rich 1% Privileged Establishment No Representation Toff fiscal policy Democratic Process democracy tax free income Budget Gerechtigkeit Gini coefficient inequality compromise Career Politicians Debt Cycle sovereign crisis recovery GFC Lohnzurückhaltung working poor Services Industry service economy squeezed middle class wage growth sticky wages Niedriglohn Niedriglohnsektor minimum productivity output gap liquidity trap monetary transmission mechanism zombie banks consumer mortgage market ZIRP NIRP QE Funding for Lending Scheme Help to Buy Future of Work Mobile Creative Creatives flat world globalisation globalization Year Code industrial job creation disposable Precariat precarious Zero Hour Contract economics evasion avoidance GDP corporationshttps://pinboard.in/u:asterisk2a/b:09983a201106/BBC News - Long, long slog to mend public finances2014-12-04T13:31:27+00:00
http://www.bbc.co.uk/news/business-30320570
asterisk2atax avoidance evasion Gerechtigkeit fairness crony capitalism Budget UK Debt Super Cycle sovereign crisis recovery GFC economic history Lohnzurückhaltung working poor Services Industry service economy squeezed middle class wage growth sticky wages Niedriglohn Niedriglohnsektor minimum productivity output gap liquidity trap monetary transmission mechanism zombie banks consumer mortgage market ZIRP NIRP QE Funding for Lending Scheme Help to Buy fiscal policy Future of Work Mobile Creative Creatives flat world globalisation globalization Year Code industrial job creation disposable income Precariat precarious Zero Hour Contract labour economics George Osborne David Cameron competitiveness competitive competition comparative advantage Silicon Valley BRIC Frontier Markets Developing free trade global agreements TTIP austerity Structural Impediments unemployment infrastructure investment deficit imbalance apprenticeships education practical skills skill set secular stagnation stagflation deflationaryhttps://pinboard.in/u:asterisk2a/b:55676aee4957/Warum wir weiter Bargeld brauchen - Münchau zu Rogoff-Vorstoß - SPIEGEL ONLINE2014-11-25T04:33:30+00:00
http://www.spiegel.de/wirtschaft/soziales/warum-wir-weiter-bargeld-brauchen-muenchau-zu-rogoff-vorstoss-a-1004608.html
asterisk2afiat currency inflation targeting deflation deflationary Europe economic history ECB MarioDraghi fiscal policy monetary QE ZIRP NIRP OMT zombie banks business confidence Japan lost decade generation LTRO TLTRO Structural Impediments PIGS Angela Merkel Pact Schuldenbremse France Sick man of imbalance faultlines infrastructure investment Demand and Supply China Russia BRIC Frontier Markets Exportweltmeister GFC recovery liquidity trap Richard Koo KennethRogoff balance sheet recession deleveraging debtoverhang Debt Super Cycle Wall Street asset bubble speculative bubbles hunt for yield crony capitalism Lohnzurückhaltung consumer profit maximisation Future Work Software Is Eating The World culture society Politics short-term thinking view compromise Career Politicians Lobbying lobbyist lobby flat globalisation globalizationhttps://pinboard.in/u:asterisk2a/b:9d1e62d2d58f/Anleihekäufe führen nicht zu Inflation: Kolumne von Wolfgang Münchau - SPIEGEL ONLINE2014-11-17T23:26:02+00:00
http://www.spiegel.de/wirtschaft/unternehmen/anleihekaeufe-fuehren-nicht-zu-inflation-kolumne-von-wolfgang-muenchau-a-1003327.html
asterisk2aliquidity trap Japan BOJ Fed BOE ECB quantitative-easing QE ZIRP NIRP OMT TLTRO LTRO TARP POMO equity bubble asset allocation hunt for yield sovereign debt crisis Richard Koo lost decade economic history monetary transmission mechanism theory business confidence consumer zombie banks investment trust trustagent fiscal policy austerity IMF BIS centralbanks deleveraging debtoverhang Super Cycle monetization monetisation restructuring haircut system fiat currency deflation deflationary inflation targeting expectation flat world globalization globalisation faultlines infrastructure Structural Impediments imbalance competitive competitiveness China BRIC Frontier Markets Developing global trade macroeconomics microeconomics labour market economics 21stcentury Software Is Eating The algorithm Robotics automation Niedriglohnsektor lohndumping Lohnzurückhaltung disposable income Mobile Creative Creativeshttps://pinboard.in/u:asterisk2a/b:8fc6b0c02d30/Capitalism in Crisis Amid Slow Growth and Growing Inequality - SPIEGEL ONLINE2014-10-24T14:31:44+00:00
http://www.spiegel.de/international/business/capitalism-in-crisis-amid-slow-growth-and-growing-inequality-a-998598.html
asterisk2aJapan economic history GFC recovery greatrecession 2014 secular stagnation faultlines Abenomics Richard Koo structural imbalance global imbalances Impediments deficit liquidity trap globalisation globalization flat world Gini coefficient social cohesion income inequality mobility downward disposable academia academics fiscal policy monetary debtoverhang Debt Super Cycle sovereign crisis deleveraging NPL zombie banks business investment consumer confidence balance sheet recession creditcrunch Wall Street crony capitalism excess Bailout toobigtofail TBTF too big to jail unintended consequences equity bubble asset ZIRP NIRP QE OMT TARP LTRO TLTRO Funding for Lending Scheme IMF BIS Europe UK USAhttps://pinboard.in/u:asterisk2a/b:b539c50178ce/IWF-Treffen in Washington: Kritik an Geldpolitik von Draghi - SPIEGEL ONLINE2014-10-12T20:29:09+00:00
http://www.spiegel.de/wirtschaft/soziales/iwf-treffen-in-washington-kritik-an-geldpolitik-von-draghi-a-996714.html
asterisk2aIMF BIS ZIRP QE NIRP OMT TLTRO LTRO monetary transmission mechanism distortion Richard Koo deleveraging trust trustagent business confidence consumer liquidity trap ECB BOE Fed MarioDraghi Germany PIGS faultlines global imbalances structural imbalance Impediments working poor underemployed squeezed middle class Demand and Supply Lohnzurückhaltung deflation deflationary stagflation secular stagnation Europe France Sick man of infrastructure investment BRIC MINT Frontier Markets Developing World Exportweltmeister balance sheet recession GFC debtoverhang Debt Super Cycle economic history globalization globalisation disposable income flat ABS zombie banks UK USA lost decade generation Policy Makers education fiscal folly error complexity unintended consequences academia Taper Gini coefficient inequality mobility downward social Rich 1% Bailout No Representation Career Politicians bankinghttps://pinboard.in/u:asterisk2a/b:9ed69748c241/Not that negative after all - YouTube2014-09-23T23:52:00+00:00
https://www.youtube.com/watch?v=l587uRIzYOk
asterisk2amonetary stimulus policy unconventional ECB negative real interest rate NIRP ZIRP QE TLTRO OMT ABS LTRO liquidity trap transmission mechanism business investment infrastructure 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 BRIC MINT USA UK MarioDraghi Demand Shock Supply and industrial manufacturing Services Industry service economy recovery GFC 2014 consumer output gap productivityhttps://pinboard.in/u:asterisk2a/b:fe10171fd993/Are we trusting central bankers too much? - YouTube2014-08-28T19:40:29+00:00
https://www.youtube.com/watch?v=2EPNp-CVk1k
asterisk2aequity bubble trust trustagent confidence GFC ZIRP QE NIRP liquidity trap monetary transmission mechanism fiscal policy centralbanks central banks Fed BOE BOJ Abenomics ECB bond speculative bubbles debt property asset hunt for yield unintended consequences complexity incomplete information unknown unknowns unkown economic history sovereign crisis austerity stimulus system balance sheet recession deleveraging debtoverhang Super Cycle output gap productivity creditcrisis creditcrunch Taper OMT negative real interest rate folly errorhttps://pinboard.in/u:asterisk2a/b:875d090e029c/Börse ohne Anschubhilfe der Zentralbank erzwingt Umdenken - manager magazin2014-08-23T08:40:23+00:00
http://www.manager-magazin.de/finanzen/boerse/boerse-ohne-anschubhilfe-der-zentralbank-erzwingt-umdenken-a-987523.html
asterisk2aZIRP QE NIRP Wall Street equity bubble hunt for yield unknown unknowns unintended consequences complexity blackswan liquidity trap unconventional monetary policy stimulus system transmission mechanism theory economic history Makers deleveraging balance sheet recession debtoverhang lost decade generation Abenomics Japan USA Europe GFC TBTF toobigtofail systemicrisk zombie banks sovereign debt crisis PIGS UK Super Cycle bondhttps://pinboard.in/u:asterisk2a/b:478489a07b97/Konjunktur in EU: Analyse des ersten Halbjahrs 2014 - SPIEGEL ONLINE2014-08-14T21:47:48+00:00
http://www.spiegel.de/wirtschaft/soziales/konjunktur-in-eu-analyse-des-ersten-halbjahrs-2014-a-986056.html
asterisk2aFrance Germany PIGS Eurpope sovereign debt crisis 2014 stagflation secular stagnation ECB QE ZIRP NIRP liquidity trap monetary transmission mechanism creditcrunch deleveraging balance sheet recession debtoverhang Richard Koo economic history Structural Impediments imbalance deficit budget liberal reform NPL zombie banks Career Politicians policy folly error unconventional fiscal austerity faultlines divergence Super Cycle lost generation decade bubble bond hunt for yield infrastructure investment monetization monetisation haircut jubilee restructuring public productivity output gap corporatism crony capitalism coward risk sentiment taking creditrating creditrisk working poor Gini coefficient income inequality squeezed middle class social mobilityhttps://pinboard.in/u:asterisk2a/b:c7168de12393/Gefahr durch Niedrigzinsen - YouTube2014-08-08T19:55:01+00:00
https://www.youtube.com/watch?v=ZBxNBV5Yl-Y
asterisk2aZIRP NIRP QE asset bubble speculative bubbles Wall Street bond PIGS Fed ECB BOJ Abenomics BOE GFC unintended consequences unknown unknowns Europe UK USA monetary policy unconventional transmission mechanism risk taking EuropeanSystemicRiskBoard creditrisk hunt for yield deflation deflationary secular stagnation 2014 balance sheet recession deleveraging Betongold Beton Gold debtoverhang Debt Super Cycle sovereign crisis property Germany monetization monetisation NPL IBS zombie banks recovery greatrecession Structural Impediments deficit unemployment imbalance faultlines output gap productivityhttps://pinboard.in/u:asterisk2a/b:5bdcb12ab0f9/DIW-Chef Fratzscher zu Banken-Stresstest, Lohnerhöhung - SPIEGEL ONLINE2014-07-24T15:29:51+00:00
http://www.spiegel.de/wirtschaft/soziales/diw-chef-fratzscher-zu-banken-stresstest-lohnerhoehung-a-982704.html
asterisk2aGDP Europe zombie banks PIGS NPL non-performing loan balance sheet recession debtoverhang Richard Koo Japan economic history debt jubilee lost decade generation Super Cycle ECB liquidity trap GFC greatrecession greatdepression 2014 infrastructure investment underemployed structural unemployment long-term youth Germany France faultlines Impediments imbalance deficit budget fiscal tradedeficit trade academia academics policy error folly monetary ZIRP NIRP OMT QE transmission mechanism deleveraging Politics Career Politicians ownership accountability transparency Bundesbank BuBa income growth minimum wage floor coldprogression kalte Progressionhttps://pinboard.in/u:asterisk2a/b:58dc4023263b/Live chart: The low countries - YouTube2014-06-20T15:03:32+00:00
https://www.youtube.com/watch?v=gDJPiOZDmjE
asterisk2a> 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 generation deflation deflationary liquidity trap financial repression economic history Tim Geithner Timothy austerity balance sheet recession Richardkoo Richard Koo creditrating creditrisk debt monetization monetisation QE ZIRP NIRP monetary transmission mechanism policy stimulus unconventional theory Super Cycle jubilee GFC deleveraging debtoverhang Career Politicians Makers folly error toobigtofail TBTF systemrelevanz Lobbying lobbyist lobby fiscal sovereignty PIGS sovereign crisis Thomas Piketty Mobile Creative Creatives flat world globalisation globalization savings glut faultlines Structural Impediments unemployment deficit imbalance GDP model Robert Skidelsky Reich Paul Krugman consumer public restructuring household zombie banks creditcrunch creditcrisis ECB BOE BOJ Abenomics Fed BuBa leadership Democratic Process democracy trust trustagent confidence greatrecession greatdepression evolution Why Software Is Eating the skill-biased technhttps://pinboard.in/u:asterisk2a/b:d5b84fb091d8/Kreditklemme trotz EZB-Programmen: Die Banken sind unschuldig - SPIEGEL ONLINE2014-06-09T16:04:39+00:00
http://www.spiegel.de/wirtschaft/soziales/kreditklemme-trotz-ezb-programmen-die-banken-sind-unschuldig-a-974132.html
asterisk2aRichardkoo Richard Koo balance sheet recession Japan deflation deflationary USA UK Debt Super Cycle zombie consumer corporations banks economic history GFC sovereign crisis liquidity trap ZIRP QE monetization monetisation monetary policy fiscal creditcrunch creditcrisis transmission mechanism service deleveraging 2014 recovery greatrecession greatdepression Europe PIGS Neuverschuldung Germany austerity IMF book lost generation decade ECB BOE BOJ Fedhttps://pinboard.in/u:asterisk2a/b:95ecc3e4dae0/EZB senkt Leitzins und beschließt Minuszinsen für Banken - SPIEGEL ONLINE2014-06-05T21:30:54+00:00
http://www.spiegel.de/wirtschaft/unternehmen/ezb-senkt-leitzins-und-beschliesst-minuszinsen-fuer-banken-a-973571.html
asterisk2adeflation deflationary monetary transmission mechanism unconventional policy macroprudential macroeconomics macroeconomic ECB MarioDraghi BuBa Bundesbank 2014 ZIRP OMT QE debt monetization monetisation deposit levy New Normal financial repression zombie banks corporations Super Cycle sovereign crisis PIGS Structural Impediments deficit unemployment imbalance Europe Germany faultlines recovery error folly Makers Career Politicians austerity fiscal GFC lost decade generation long-term banking union creditcrisis creditcrunch credit crunch 2015 NPL non-performing loan economic history LTRO assetbackedsecurities Sterilizationhttps://pinboard.in/u:asterisk2a/b:b4d04a1fe6a6/Dax knackt 10.000 Punkte: Rekord wegen billigen Gelds von EZB - SPIEGEL ONLINE2014-06-05T20:54:22+00:00
http://www.spiegel.de/wirtschaft/unternehmen/dax-knackt-10-000-punkte-rekord-wegen-billigen-gelds-von-ezb-a-973505.html
asterisk2aasset bubble Betongold Beton Gold ZIRP QE OMT ECB BOE BOJ Fed monetary policy unconventional stimulus allocation property London PIGS transmission mechanism liquidity trap liquidity-trap zombie consumer corporations banks Europe sovereign debt crisis Super Cycle hunt for yield New Normal financial repression 2014 MarioDraghi BuBa Bundesbank banking union unintended consequences unknown unknowns complexity macroprudential Politics Career Politicians folly error austerity fiscal Structural Impediments unemployment faultlines imbalance recovery greatdepression greatrecession lost decade generation speculative bubbles equity credit bond Wolfgang Schäublehttps://pinboard.in/u:asterisk2a/b:10295596a1e7/Müllers Memo: Mario Draghi und seine EZB - SPIEGEL ONLINE2014-06-01T22:07:01+00:00
http://www.spiegel.de/wirtschaft/unternehmen/muellers-memo-mario-draghi-und-seine-ezb-a-972716.html
asterisk2aECB monetary stimulus policy liquidity trap unconventional 2014 transmission mechanism Europe recovery PIGS creditcrunch creditcrisis zombie consumer banks sovereign debt crisis Super Cycle monetization monetisation MarioDraghihttps://pinboard.in/u:asterisk2a/b:63968cb780af/BBC News - When will the UK pay its way in the world?2014-05-15T21:49:58+00:00
http://www.bbc.co.uk/news/business-27427398
asterisk2a> Now what was a little worrying was that the deficit on the current account reached 5.6% of GDP, or economic output, in the third quarter of 2013 and fell to just a little bit lower, 5.4%, in the fourth quarter. That 5.6% was - ahem - something of a milestone: it was the biggest quarterly deficit since records began in 1955. And it explains why the record aggregate indebtedness of the UK has been falling so slowly, and is still not much below 500% of GDP on the Mckinsey measure (though see my previous blog). [...] UK's - limp trading performance - for YEARS! ... COMPETING against BRICs, Europe, G8, ... now and in the future competing with MINT countries too ( http://en.wikipedia.org/wiki/MINT_countries ). [...] "We have not got forever to reconstruct our economy and become a bit more like the European export emperor, Germany."]]>UK Debt Super Cycle zombie corporations banks consumer sovereign crisis private bubble jubilee monetization household public debtoverhang monetisation restructuring austerity current account deficit economic history 2014 fiscal policy monetary Mark Carney davidcameron GeorgeOsborne financial repression New Normal QE ZIRP NIRP hunt for yield deflationary productivity output gap competitiveness knowledge worker skill-biased technological change skill capital skills London White-collar Blue-collar Mobile Creative Creatives value creation Industrial globalisation globalization competitive advantage comparative 21stcentury BRIC MINT Europe free trade Germany exports exporthttps://pinboard.in/u:asterisk2a/b:ee59158ee045/Five Years After Lehman, BIS Ex-Chief Economist Warns "It's Worse This Time" | Zero Hedge2013-09-22T00:18:35+00:00
http://www.zerohedge.com/news/2013-09-15/five-years-after-lehman-bis-ex-chief-economist-warns-its-worse-time
asterisk2aunemployment employment monetary policy Mark Carney ope reflation zombie banks transmission mechanism BOE banking crisis carmenreinhart BOJ LBO balancesheet folly QE liquidity 2013 fiscal UK debt monetisation political error unknown unkown greatdepression consumer deleveraging monetization Richardkoo centralbanks liberal economic reform faultlines GFC theory exuberance MarioDraghi unintended consequences global economy stimulus Help to Buy Scheme liquidity-trap corporations ECB system benbernanke bank Abenomics rebalancing China greatrecession productivity LTRO NIRP OMT Fed communication history Super Cycle stagflation leverage KennethRogoff sovereign recovery unconventional ZIRP USA BIS POMO Funding for Lending corporate governance deficithttps://pinboard.in/u:asterisk2a/b:56d44d687780/BBC News - Bank of England must limit house price booms, says Rics2013-09-13T01:41:45+00:00
http://www.bbc.co.uk/news/business-24066371
asterisk2amonetary policy Politics asset bubble unintended consequences zombie banks Help to Buy Scheme transmission mechanism liquidity-trap davidcameron BOE political folly error debtoverhang QE NIRP 2013 communication fiscal Debt Super Cycle property UK monetisation sovereign crisis ZIRP consumer deleveraging inflation expectation subsidies Funding for Lending monetization GeorgeOsborne subsidizing balance sheet recessionhttps://pinboard.in/u:asterisk2a/b:b5e4e59cacd1/▶ BBC Radio 4 - Today, 08/08/2013, 'Best way to get interest rates back to a normal level is a strong economy'2013-08-09T08:35:17+00:00
http://www.bbc.co.uk/programmes/p01dvgk8
asterisk2a> http://www.forexlive.com/blog/2013/08/07/any-doves-left-in-the-building/]]>monetary policy Mark Carney output-gap zombie banks fiscal stimulus New Normal BOE banking crisis bank greatrecession debtoverhang NIRP communication economic history financial repression inflation targeting Debt Super Cycle stagflation UK forward guidance ZIRP austerity greatdepression consumer deleveraging Japan corporate governance balance sheet recessionhttps://pinboard.in/u:asterisk2a/b:d6a66cea6f42/Zinstief kostet deutsche Sparer laut neuer Postbank-Studie Milliarden - SPIEGEL ONLINE2013-08-03T17:52:17+00:00
http://www.spiegel.de/wirtschaft/soziales/zinstief-kostet-deutsche-sparer-laut-neuer-postbank-studie-milliarden-a-914650.html
asterisk2amonetary policy theory unintended consequences zombie banks New Normal transmission mechanism babyboomers liquidity-trap BOE banking crisis ECB BOJ system bank lostdecade debtoverhang NIRP 2013 Fed lostgeneration financial repression Debt Super Cycle sovereign unconventional ZIRP consumer deleveraging centralbanks balance sheet recessionhttps://pinboard.in/u:asterisk2a/b:c810a1b7f3e4/Banken außer Kontrolle - Die Story im Ersten: Banken außer Kontrolle - Reportage & Dokumentation - ARD | Das Erste2013-07-17T00:05:00+00:00
http://www.daserste.de/information/reportage-dokumentation/dokus/sendung/hr/15072013-die-story-im-ersten-banken-ausser-kontrolle-100.html
asterisk2alow interest rate environment angelamerkel monetary policy GFC complexity unintended consequences zombie banks banking crisis subprime system political folly benbernanke bank HRE error debtoverhang Greenspan-Put Debt Super Cycle UK monetisation bubble sovereign bad IKB deutschebank USA WallStreet documentary Germany monetizationhttps://pinboard.in/u:asterisk2a/b:b1c6ff60c24a/Wolfgang Münchau über die Zinspolitik der EZB - SPIEGEL ONLINE2013-07-11T15:46:38+00:00
http://www.spiegel.de/wirtschaft/unternehmen/wolfgang-muenchau-ueber-die-zinspolitik-der-ezb-a-910361.html
asterisk2aGreece monetary policy JörgAsmussen bond bubble incentive asset Europe zombie banks transmission mechanism sentiment BOE banking crisis deflation QE PIGS debt monetisation greatdepression consumer dis-inflation deleveraging allocation inflation monetization balance sheet recession Spain GFC capital MarioDraghi unintended consequences liquidity-trap union negative real interest rate ECB bank greatrecession debtoverhang LTRO OMT NIRP communication Fed trust economic history Super Cycle confidence sovereign monetarism unconventional ZIRP Jens Weidmannhttps://pinboard.in/u:asterisk2a/b:dd9b440b071d/