Comments on: 2013: When economic optimism will finally be vindicated http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Manofsteel11 http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/#comment-674 Mon, 14 Jan 2013 14:52:12 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=241#comment-674 How about looking at emerging epochal change engines rather than past event?
For example:
1. Growing disparity between rich and poor (capital providers and corporations vs the rest) leading to social unrest and political instability
2. Lagging policies not providing sustainable solutions/policies to climate volatility and related food and water insecurity/inflation
3. Financial institutions and regulators unable to track and control HFT, growing quantitative and organizational complexity and related speculation, black boxes, dark pools, derivative markets, etc. (as opposed to focus on investment in humanity’s long-term needs)
4. Increasing weapon proliferation, cyber insecurity and small groups leverage vis-a-vis governments, destabilizing the nation state as provider of basic stable conditions for economic growth
5. Increasingly problematic ratio between natural resources and growing population with no alternatives to the combustion engine etc.
Many other trends are currently unfolding, all of which are bringing to question the capitalist paradigm and related corporate-baed globalization. And may be good in the long-run, but it is going the hurt.

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By: AZreb http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/#comment-673 Mon, 14 Jan 2013 14:45:24 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=241#comment-673 Please, sir – tell me where I can get a pair of the rose-colored glasses or some of the wacky-tobacky being used to get to the wonderful prognostications in this article.

Evans of the Federal Reserve says we need a monthly increase in jobs of 200.000 – but no mention of what type of jobs those will be. Will they be full-time jobs with benefits, or more of the part-time, temporary, minimum wage jobs that do not provide enough wages to support a family? Will companies continue to put more full-time workers on part- time in order to avoid Obamacare?

We lost up to 60% of the middle-class jobs paying $13+ and the replacement of those jobs was an increase of 58% lower-paying positions. Those lower-paying jobs are not enough to support a family and that means more will have to depend on government assistance like food stamps.

But please send me some rose-colored glasses –

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By: PseudoTurtle http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/#comment-670 Sat, 12 Jan 2013 15:39:53 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=241#comment-670 Reality check, Mr. Kaletsky:

Issues 2013 by Doug Noland
January 04, 2013

http://www.prudentbear.com/index.php/cre ditbubblebulletinview?art_id=10746

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By: Sanity-Monger http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/#comment-664 Fri, 11 Jan 2013 20:00:23 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=241#comment-664 Whoo boy. Looks like it’s time to watch out for that Irrational Exuberance. From where I sit, it appears that the global financial and state sectors have done little in the way of reform since 2008 except to put a brighter shade of lipstick on the pig of Free Market Capitalism.

“Cyclical upswings are now evident …” — I’m pretty sure that means that a cyclical downswing is on the way, and they keep getting more and more swingy. But economists like Mr. Kaletsky view them as some sort of law of nature. As JK Galbraith pointed out in the 1950’s, all the lost productivity of all the slacker union workers doesn’t amount to a hill of beans compared to the productivity lost in one moderate recession. But we treat these cycles as inevitable.

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By: Jameson4Lunch http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/#comment-663 Fri, 11 Jan 2013 17:51:48 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=241#comment-663 The idea of pure paper money can only work as long as people believe in it, and a lack of options. Transparency is dangerous with such a flimsy system. If a country were to release a currency backed by massive gold reserve, it would crush every fiat system in short order. If a country were to attempt this, it would find itself in a war very quickly. A country would do well to have a massive military build-up during a gold accumulation phase if it wanted to pull off such a global economic coup de grace as a new reserve currency with intrinsic value. I expect China will bring a scenario along these lines to fruition by 2020, unless internal strife saves us all.

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By: reality-again http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/#comment-662 Fri, 11 Jan 2013 14:38:58 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=241#comment-662 “Economic Optimism”??

If Economics is a science, what does optimism or any other personal belief, disposition, mood or ideology have to do with it?
Are there optimistic chemists and optimistic computer scientists?…

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By: economicmodel http://blogs.reuters.com/anatole-kaletsky/2013/01/10/2013-when-economic-optimism-is-finally-vindicated/#comment-659 Fri, 11 Jan 2013 03:44:47 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=241#comment-659 We need US Goverment who could work together with Europe to Encourage & Integrate UNITED KINGDOM and RUSSIA into DEMOCRATIC EUROPEAN UNION.

United States of America need to position itself as “Honorary Observer” or similar positions to maintain DEMOCRACY, Smooth Europe Integration, and create WORLD PEACE.

These are serious duties and not a child play for Washington Leaders.

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