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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (94222)9/2/2012 3:44:44 PM
From: Haim R. Branisteanu  Respond to of 219612
 
In my previous post

"and universal and manipulated by WS types".

should read "and not universal and manipulated by WS types".



To: Haim R. Branisteanu who wrote (94222)9/2/2012 5:46:25 PM
From: Maurice Winn2 Recommendations  Respond to of 219612
 
<The current economic malaise in the US and elsewhere is a direct result of the fact that the economy barely grows at the cost of the country debt interest. So in practice the economy is running on neutral even that it grows but no wealth is added. >

No, the economic malaise is because as with any host and parasite, when the parasite burden gets too high, it kills the host. Government spivs in democracies are breeding rapidly. Bludgers are voting in hordes for opm to be transferred to them. Democracies as constituted are looking like a hippie commune dead-end.

Voting to take opm is no way to run a country.

Dumping the debt is the way to go.

Mqurice



To: Haim R. Branisteanu who wrote (94222)9/3/2012 12:36:41 AM
From: Haim R. Branisteanu  Respond to of 219612
 
Big Banks Are Hazardous to U.S. Financial Health

bloomberg.com

The recent trading losses at JPMorgan Chase & Co. and scandals over money laundering at HSBC Holdings Plc and Standard Chartered Plc have prompted even financial-industry insiders to ask whether these complex global organizations are too big to manage.

In 1995, the Big Six -- JPMorgan, Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley -- had assets worth only 17 percent of U.S. gross domestic product. As recently as 2005, their collective balance sheets were valued at less than 50 percent of GDP. Today, the Big Six are much bigger, with combined assets of 60 percent of GDP.



To: Haim R. Branisteanu who wrote (94222)9/3/2012 1:23:51 PM
From: elmatador  Read Replies (1) | Respond to of 219612
 
Productivity rewards capital punishes labor.

People live off the result of their labor.

If there is no labor available to be performed, people lose their way to consume goods and services.

Capital moves free and seeks labor where is cheaper. Goods are now sold at the same very old price but cost less to be produced.

Capital pockets the difference in this labor arbitrage.

People whose work is cheaper, benefit for the labor to be performed within the borders of their country.

People, whose country that labor deserted, are now jobless.

Brazil’s productivity failure: hurting
September 3, 2012 1:54 pm by Jonathan Wheatley

Another Monday, another gloomy outlook from the Brazilian central bank’s weekly survey of market economists. GDP growth this year is seen at just 1.64 per cent, down from 1.73 per cent predicted last week and 1.85 per cent four weeks ago (and 4 per cent targeted by the government).

That is a fast adjustment. But hardly surprising. As the puff goes out of commodity prices and domestic consumption, the seriousness of Brazil’s failure to improve productivity is becoming increasingly apparent.

The survey is particularly downbeat on industrial production, seen falling by 1.78 per cent this year, down from an expected fall of 0.69 per cent four weeks ago.

As Samantha Pearson wrote on beyondbrics on Friday, Brazil’s upswing to 0.4 per cent quarter-on-quarter GDP growth reported last week (yes, upswing) disguised some pretty shocking numbers. Most of the growth came from a good corn crop. Industrial production fell by 2.4 per cent year-on-year and, within that, manufacturing slumped by 5.3 per cent.

Along with those figures from the IBGE, Brazil’s statistics office, were others showing that the value of exports fell by 2.5 per cent in the second quarter, the first quarterly year-on-year contraction since the end of 2009.

Domestic consumption, meanwhile, grew by just 2.4 per cent year-on-year, in spite of some hefty stimulus measures. In 2010, by comparison, domestic consumption rose by 7.3 per cent.

If the two big drivers of Brazil’s recent growth can no longer be relied on, the need to improve productivity – through tax and labour reform, infrastructure investment, education and so on – is more glaring than ever. But Brazil has failed to use its good fortune to address those issues. The government seems unlikely to pluck up the political courage to tackle them now that Brazil’s prosperity is under threat.

Related reading:
Brazil GDP: not encouraging, beyondbrics
Brazil wages currency war… again, beyondbrics
Will Brazil’s stimulus really be “new”? beyondbrics