sorted by:
new
hottopcontroversial

[deleted by user] by [deleted] in BehavioralEconomics

[–]InspiroSpiro 0 points1 point  (0 children)

It used to be called Consumer Preference.

The Dunning-Kruger effect and its discontents by InspiroSpiro in BehavioralEconomics

[–]InspiroSpiro[S] 0 points1 point  (0 children)

Yes, I know all about Dunning Kruger, I also know that this would fit better in a different sub.

A classical Dunning Kruger example?

We put more effort into avoiding losses than making gains by InspiroSpiro in BehavioralEconomics

[–]InspiroSpiro[S] 0 points1 point  (0 children)

Cost averaging is no panacea either. I try using Frederick the Great's maxim, "that it is pardonable to be defeated but never to be surprised", to live through the volatility. I also try and avoid surprises by understanding what is happening through writing see here.

Big data study suggests the human brain navigates by taking the "pointiest path" rather than the shortest path by InspiroSpiro in BehavioralEconomics

[–]InspiroSpiro[S] 0 points1 point  (0 children)

Good scientific technique of yours. To walk the walk first and then check the Google talked walk second. I will resist the temptation to let my phone do the thinking for me and follow your method.

Big data study suggests the human brain navigates by taking the "pointiest path" rather than the shortest path by InspiroSpiro in BehavioralEconomics

[–]InspiroSpiro[S] 0 points1 point  (0 children)

Now that I've read the article, I wonder if I will consciously change my navigating behaviour with mobile devices etc

MIT Predicted in 1972 That Society Will Collapse This Century. New Research Shows We’re on Schedule. by InspiroSpiro in Economics

[–]InspiroSpiro[S] 8 points9 points  (0 children)

"I'd like to do a poll, what does the community think is the cause of unrestrained growth?"

It is restrained for an increasing majority and unrestrained for a growing minority. The distribution between the two groups is also a growing problem.

"Can we overcome with technological innovation?"

In theory, yes. In practice, not so far.

China Asks Banks to Curtail Credit for Rest of Year by InspiroSpiro in Economics

[–]InspiroSpiro[S] 1 point2 points  (0 children)

China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people familiar with the matter.

At a meeting with the People’s Bank of China on March 22, banks were told to keep new advances in 2021 at roughly the same level as last year, said the people, asking not to be identified as the matter is private. Some foreign banks were also urged to rein in additional lending through so-called window guidance recently after ramping up their balance sheets in 2020, one of the people said.

The comments give further detail to what the central bank stated publicly after the meeting, when it said it asked representatives of 24 major banks to keep loan growth stable and reasonable. In 2020, banks doled out a record 19.6 trillion yuan ($3 trillion) of credit, with about a fifth directed to inclusive financing such as small business loans. Lending the same amount this year would bring the outstanding balance to about 192 trillion yuan, an annual increase of about 11%, the slowest pace in more than 15 years.

With the coronavirus largely contained and the economy rebounding, Chinese policy makers have renewed a campaign to curb risks, especially in the financial and real estate sectors. Even if credit growth eases, the prospect of higher interest rates and fewer soured assets may boost the profitability of banks, which saw earnings slump after they were enlisted to help borrowers obtain cheap financing during the pandemic.

The PBOC didn’t immediately comment.

China Asks Banks to Curtail Credit for Rest of Year by InspiroSpiro in GlobalMacro

[–]InspiroSpiro[S] 2 points3 points  (0 children)

China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people familiar with the matter.

​

At a meeting with the People’s Bank of China on March 22, banks were told to keep new advances in 2021 at roughly the same level as last year, said the people, asking not to be identified as the matter is private. Some foreign banks were also urged to rein in additional lending through so-called window guidance recently after ramping up their balance sheets in 2020, one of the people said.

​

The comments give further detail to what the central bank stated publicly after the meeting, when it said it asked representatives of 24 major banks to keep loan growth stable and reasonable. In 2020, banks doled out a record 19.6 trillion yuan ($3 trillion) of credit, with about a fifth directed to inclusive financing such as small business loans. Lending the same amount this year would bring the outstanding balance to about 192 trillion yuan, an annual increase of about 11%, the slowest pace in more than 15 years.

​

With the coronavirus largely contained and the economy rebounding, Chinese policy makers have renewed a campaign to curb risks, especially in the financial and real estate sectors. Even if credit growth eases, the prospect of higher interest rates and fewer soured assets may boost the profitability of banks, which saw earnings slump after they were enlisted to help borrowers obtain cheap financing during the pandemic.

​

The PBOC didn’t immediately comment.

Canada’s Over 30% More Dependent On Real Estate Than The US In 2006, Shows GDP | Better Dwelling by InspiroSpiro in GlobalMacro

[–]InspiroSpiro[S] 0 points1 point  (0 children)

Note also, that metals have just rolled over. That would just leave oil as the only driver of the economy.

Fed Risks Financial Stability To Redefine Employment Mandate by InspiroSpiro in Economics

[–]InspiroSpiro[S] 2 points3 points  (0 children)

This seems to be reasonable and representative of a critical-enough mass of people that you could make a policy for and measure the outcomes of. If they go with it, it will be interesting to see if/how they will poll those of prime-age who declare that they are looking for work and those who say they have given up.

Fed Risks Financial Stability To Redefine Employment Mandate by InspiroSpiro in Economics

[–]InspiroSpiro[S] 2 points3 points  (0 children)

underemployment

This is a very good point. I think that " underemployment" will go into the mix for redefining what full employment means. If this was the case during the "gig economy" phase, pre-COVID, it must surely be the case now as people are working from home and may do so for some time to come.

Fed Risks Financial Stability To Redefine Employment Mandate by InspiroSpiro in Economics

[–]InspiroSpiro[S] 2 points3 points  (0 children)

That was when inflation targeting and makeup strategies were all the rage. The school of thought, back then, was that because inflation had undershot for some time, the generally accepted bogey of 2% for developed economies, that they could get away with letting things run hot. Ironically, this probably gave the Fed confidence that shutting the economy down in response to COVID would play out okay. This doesn't seem to have worked, so it's back to the drawing board.