economics
Imported tag from Readwise
economics
Their impact on trade is not directly though relative price changes but rather indirectly by changing the relationship between consumption and GDP.
Michael Pettis • The Great Rebalancing
Baumol’s cost disease to include any sector of the economy where demand is inelastic (goods and services that most consider “essential), and supply/productivity is naturally and/or artificially restricted. With this expanded definition, four sectors of the economy stand out as afflicted by cost disease: healthcare, higher education, housing, and
... See moreJ.K. Lund • The Curse of Material Progress
The introduction and then subsequent final expiration of these programs are an extremely underdiscussed element of the election results (though since I started working on this piece, some coverage has emerged). Yes, price increases, particularly those for food, energy and rental housing had a crucial- and continuing — impact on many households,
... See moreNotes on the Crises • One Election Takeaway: Voters Hate Temporary Safety Nets
Myself and many others would argue that a major currency devaluation is a type of default. In that sense, the US government defaulted on bondholders in the 1930s by devaluating the dollar vs gold, and then again in the 1970s by decoupling the dollar from gold entirely. The 2020-2021 period was also a type of default, in the sense that the broad
... See moreQuick Passages
.economics .implementation
Small markets cannot satisfy the near-term growth requirements of big organizations.
Clayton M. Christensen • The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail (Management of Innovation and Change)
As previously shown, Japan has a rather balanced trade situation, and has a current account surplus. This presents a natural “floor” for the currency vs other currencies.
On the other hand, the United States has a structural multi-decade trade deficit and current account deficit.
Because the US trade deficit is so large and structural, when we shift
... See moreLyn Alden • Economic Japanification: Not What You Think
Very important factor that instead of trade surplus or deficit .Dollar is dependent on foreigner propensity to increase or decrease treasuries
This may have also been due to consistently weak credit demand from the industry. After years of sluggish performance, private sector investment still has not picked up in a substantial manner. It is true that within industry, bank credit to medium industry grew at almost 20% and that to small industry at around 13%, but this was primarily driven
... See moreIdeas For India • The Silent Reshaping of India’s Credit Landscape
• Cracks. The old system is showing cracks. The grid is struggling. Planes are falling apart. Carbon emissions have to go. Healthcare costs are through the roof. Metals discoveries are declining. Supply chains are breaking down. America’s industrial base has atrophied. The biggest systems in the world need to be rebuilt.
• Enormous Markets. Most of
... See moreBetter Tools, Bigger Companies
Financialization of the Economy: o An increased focus on financial markets and instruments allowed capital owners to generate significant wealth through investments, often outpacing wage growth.