the State, as a borrower, has a nearly inexhaustible form of collateral: the taxpayer. It’s the taxpayer that guarantees interest payments on government debt will always be met, and principal always repaid.
Quelle: The Big Fall Harder
Mittwoch, 22. Juni 2011
the State, as a borrower, has a nearly inexhaustible form of collateral: the taxpayer. It’s the taxpayer that guarantees interest payments on government debt will always be met, and principal always repaid.
Quelle: The Big Fall Harder
Tags: EU, Euro, Finanzkrise, Griechenland, Irland, PIGS, PIIGS, Portugal, Schuldenkrise, Spanien
Labels: Wirtschaft
Sonntag, 19. Juni 2011
As we alluded to above, politicians and civil servants love to get in on the action too. In the US, this took the form of making the ‘American Dream’ an American reality. What they got was a nightmare. Massive mortgage companies were set up and backed by the government to create artificial demand for mortgages. Banks were required to lend to sub-prime borrowers by legislation. Central banks kept interest rates low. And homebuilders had a field day.
Quelle: The Baby Boom Bust Cycle
Tags: Finanzkrise
Labels: USA, Wirtschaft
Freitag, 17. Juni 2011
[Greece:] Unemployment is around 20%. People dodge taxes. Government workers don’t show up for work. Households spend too much. And the government is going into debt so deeply and so rapidly it can’t possibly get out.
Hey… It’s just like the US!
Quelle: The Likelihood of a US Default
Tags: Griechenland
Labels: USA, Wirtschaft
Freitag, 17. Juni 2011
Globalisation led to lower prices for consumer goods. That offset the sting of lower wage growth; the result of losing all those high-wage, highly skilled manufacturing jobs. In simpler terms, the average salary may not have gone up much in real terms over the last 30 years, but cheap imports from Asia made up part of the difference.
Tags: China
Labels: Arbeit, Gesellschaft, Wirtschaft
Donnerstag, 2. Juni 2011
Despite the GOP’s reputation as the party of the rich, House Republicans fared worse than their Democratic colleagues when it comes to investing, according to the study. The Democratic subsample of lawmakers beat the market by 73 basis points per month, or 9 percent annually, versus 18 basis points per month, or 2 percent annually, for the Republican sample.
Quelle: House members in the know score \’abnormal\‘ stock profits, study says – Washington Times
Labels: Politik, USA, Wirtschaft
Dienstag, 24. Mai 2011
Offenbar nicht die Eigentumswohnung oder das Auto. Nein, die Waschmaschine:
Demographic researcher Hans Rosling has called the washing machine the greatest invention in the history of the Industrial Revolution. It liberated homemakers from boiling water and washing clothes. For women around the world, it makes the difference between poverty and prosperity.
Quelle: The Attack on the Washing Machine
Ich kann mich aber an eine Vorlesungsstunde bei Prof. em. Dr. Christian Pfister erinnern, in welcher er postulierte, dass mit der Einführung der Waschmaschine das Kleiderwaschen vollständig den (Haus)frauen übertragen wurde. Vorher halfen alle Mitglieder des Haushaltes beim Waschen mit.
Tags: Entwicklungsländer, Geschichte, Reichtum
Labels: Wirtschaft, Wissenschaft
Donnerstag, 12. Mai 2011
Just yesterday, Goldman Sachs revealed its traders managed to make money every trading day except one in the last quarter. Any independent trader not privy to inside information or with a high-frequency trading platform, or whatever it’s called, would say that’s impossible.
Quelle: Where Next for Commodities?
… und das alles mit billigem Geld, dass den US-Banken von der Fed nachgeworfen wird.
Tags: Banken
Labels: USA, Wirtschaft
Sonntag, 13. März 2011
It was far from clear where the world was going to find another two million barrels a day of new supply to meet another year of demand growth. That would be in addition to the nearly four million barrels a day of new production that must be brought on simply to replace what is lost every year in depletion.
Quelle: Why Saudi Arabia can no longer temper oil prices – The Globe and Mail
Tags: Erdöl, Peak Oil
Labels: Energie, Wirtschaft
Freitag, 11. Februar 2011
… oder so.
Clearly, Nokia threw in the towel. Not because they could not build, but because their building processes could not create greatness.
Quelle: Two turkeys don’t make an eagle, but no penguin will ever soar. | asymco
Manchmal sollten es Mobilfunkunternehmen wie Berühmtheiten halten: Mit einem fulminanten Abgang auf dem Höhepunkt der Karriere.
Nokia wird in meinen Gedanken immer als derjenige Handy-Hersteller in Erinnerung bleiben, der uns das 3210 brachte. Dasjenige Mobiltelefon, das die Mobilfunkrevolution hierzulande lostrat und nicht nur für Jahre definierte, wie ein Handy auszusehen und zu funktionieren hatte, sondern welchen Qualitätsmasstäben es gerecht zu werden hatte.
Zwar schafften es die Finnen in der Folge, noch einige Knaller auf den Markt zu bringen. Die zweite Mobilfunkrevolution — das Internet aus der Hosentasche — hat man aber im hohen Norden verpennt und wird so zu einem weiteren fiktiven Kapitel im Buch The Innovator’s Dilemma.
Tags: BWL, Finnland, Mobilfunk, Nokia, Smartphones
Labels: Apple, Wirtschaft
Sonntag, 5. Dezember 2010
Ich muss nicht lange überlegen, in welcher Unternehmenskultur ich arbeiten möchte:
We’re in a creative-inventive market, not a safety-critical market like medicine or nuclear power.
— Netflix
Quelle: Netflix’s Reference Guide on our Freedom & Responsibility Culture