Quotes About Economy

Consider this: the US economy created 2.4 million jobs in the three years beginning in June 2009. In the same period, 3.3 million Americans were awarded disabled worker benefits. The percentage of working-age Americans collecting disability insurance has risen from below three percent in 1990 to six percent. Unemployment is being concealed – and rendered permanent – in ways all too familiar to Europeans. Able bodied people are classified as disabled and never work again.

financial markets saw the war of 1914–18 coming, we should expect to see declines in bond prices or rises in bond yields (since the yield is essentially the interest paid on a bond divided by its market price).

The British welfare state, it seemed, had removed the incentives without which a capitalist economy simply could not function: the carrot of serious money for those who strove, the stick of hardship for those who slacked.

The risk was spread across the globe from American state pension funds to public health networks in Australia and even to town councils beyond the Arctic Circle. In Norway, for example, the municipalities of Rana, Hemnes, Hattjelldal and Narvik invested some $120 million of their taxpayers' money in CDOs secured on American subprime mortgages.

Ch? khi nào ng??i gá»­i ti?n Ä'Æ°a ti?n c?a mình vào các ngân hàng thì s? ti?n Ä'ó má»›i chuy?n d?ch t? v?n nhàn rá»—i tá»›i nh?ng ng??i ch?m ch?

Inflation has come down partly because many of the items we buy, from clothes to computers, have got cheaper as a result of technological innovation and the relocation of production to low-wage economies in Asia.

Today, banking assets (that is, loans) in the world's major economies are equivalent to around 150 per cent of those countries' combined GDP.

the way the money was spent ensured that Spain's newfound wealth provided the entire continent with a monetary stimulus.

was China in some sense a victim of its own success – stuck in a 'high-level equilibrium trap' by the ability of its cultivators to provide a vast number of people with just enough calories to live?

houses are pretty illiquid assets - which means they are hard to sell quickly when you are in a financial jam. House prices are 'sticky' on the way down because sellers hate to cut the asking price in a downturn; the result is a glut of unsold properties and people who would otherwise move stuck looking at their For Sale signs. That in turn means that home ownership can tend to reduce labour mobility, thereby slowing down recovery.

the lights in financial markets were flashing green, not red, until the very eve of destruction.

We don't need a 'low carbon economy,'" she declared at the World Economic Forum in January 2020. "We don't need to 'lower emissions.' Our emissions have to stop if we are to have a chance to stay below the 1.5-degree target …. Any plan or policy of yours that doesn't include radical emission cuts at the source, starting today, is completely insufficient.

En ambas economías el caos fiscal se aunaba con la inflación rampante, que en Alemania evocaba la hiperinflación de 1923.Y ¿no había sido Hitler el «hijo adoptivo de la inflación»?88

Pero los intereses estadounidenses podían también verse satisfechos porque la ocupación de países extranjeros reportaba beneficios (al cabo de un tiempo extraordinariamente breve). Sobre esta base, era posible transformar con éxito Alemania Occidental y Japón y convertir sus regímenes delincuentes de la peor especie en modelos de economía capitalista y política democrática.

money was commoditized labour

globalization. Only one era in history remotely resembles our own in terms of the degree of international economic and social integration, and that is the period from around 1875 to 1914. World trade grew to an unprecedented volume. Capital flowed across borders as never before.

La UE está muy poblada pero envejece. Su economía es grande pero lenta. Su productividad no es mala, pero está viciada por el ocio excesivo. Es

modern terms, what Law was attempting could be described as reflation. The French economy had been in recession in 1716 and Law's expansion of the money supply with banknotes clearly did provide a much-needed stimulus.52

every one per cent increase in the Bank of England's base lending rate correlated with a three per cent drop in government popularity.

By allowing merchants to set up accounts denominated in a standardized currency, the Exchange Bank pioneered the system of cheques and direct debits or transfers that we take for granted today. This allowed more and more commercial transactions to take place without the need for the sums involved to materialize in actual coins.

most money is invisible, little more than numbers on a computer screen?

The Abyss. Globalization had many economic benefits but, as in our own times, the creation of a truly international economic network combined greater efficiency with greater fragility. In 1914 a highly optimized system crashed in what was, without doubt, the biggest financial collapse of all time. (Unlike in 1929 or in 2008, the world's major stock markets were forced to suspend trading for no less than five months.)

Credit was, quite simply, the total of banks' assets (loans).

After the creation of credit by banks, the birth of the bond was the second great revolution in the ascent of money.