Comments for ExRussian http://www.exrussian.com Latest Economics News Mon, 15 Nov 2010 21:11:13 +0000 hourly 1 Comment on Eurozone unemployment rate up in September by rjs http://www.exrussian.com/2010/10/30/eurozone-unemployment-rate-up-in-september/comment-page-1/#comment-3282 rjs Sat, 30 Oct 2010 04:09:23 +0000 http://www.exrussian.com/?p=1048#comment-3282 thanx, rebecca; this saves me one of my allotted free FT reads... thanx, rebecca; this saves me one of my allotted free FT reads…

]]> Comment on Unemployment rates in Europe: improving ever so slightly by Rdan http://www.exrussian.com/2010/10/28/unemployment-rates-in-europe-improving-ever-so-slightly/comment-page-1/#comment-3277 Rdan Thu, 28 Oct 2010 16:22:39 +0000 http://www.exrussian.com/?p=1045#comment-3277 Good post. Good post.

]]> Comment on A little perspective on the impact that a weaker USD will have on overall economic activity by stevie b. http://www.exrussian.com/2010/10/27/a-little-perspective-on-the-impact-that-a-weaker-usd-will-have-onoverall-economic-activity/comment-page-1/#comment-3272 stevie b. Wed, 27 Oct 2010 17:16:45 +0000 http://www.exrussian.com/?p=1042#comment-3272 hi Rebecca - clicked on your Marshall link hoping for the "intelligent discussion" that would influence my view, only to find it a wee bit one-sided i.e. a discussion between Marshall and Marshall!<br /><br />he knows that whilst I respect his views (widely aired previously on Ed's site and elsewhere of course), I've been unable to get to grips with them without seeing the pot-holes on his particular road - holes that have been well-aired by greater minds than mine... hi Rebecca – clicked on your Marshall link hoping for the "intelligent discussion" that would influence my view, only to find it a wee bit one-sided i.e. a discussion between Marshall and Marshall!

he knows that whilst I respect his views (widely aired previously on Ed's site and elsewhere of course), I've been unable to get to grips with them without seeing the pot-holes on his particular road – holes that have been well-aired by greater minds than mine…

]]> Comment on A little perspective on the impact that a weaker USD will have on overall economic activity by Anonymous http://www.exrussian.com/2010/10/27/a-little-perspective-on-the-impact-that-a-weaker-usd-will-have-onoverall-economic-activity/comment-page-1/#comment-3271 Anonymous Wed, 27 Oct 2010 17:15:47 +0000 http://www.exrussian.com/?p=1042#comment-3271 Hi Stevie,<br /><br />I believe that this part is interesting:<br /><i><br /></i><br /><i>"The irony, of course, is that (as Warren Mosler, amongst others has noted before), when China does begin to construct policies which allows its population to fully consume the fruits of its own economic output, then we’ll be paying a lot more for basic stuff.  Remember how great it felt to be paying $5.00 per gallon for gas during the oil run-up in the summer of 2008?  That’s going to be child’s play compared to what’s ahead.  But we don’t take advantage of the gift that China is giving us and things will get worse because we don’t understand basic public reserve accounting.</i><span><i>"</i><br /><br />See, people are essentially asking for stronger global demand and higher energy prices (given the supply limitations) - that's part of the process, but often goes unreported when discussing the USDYEN.</span><br />Thanks for coming by,<br /><br />Rebecca Hi Stevie,

I believe that this part is interesting:


"The irony, of course, is that (as Warren Mosler, amongst others has noted before), when China does begin to construct policies which allows its population to fully consume the fruits of its own economic output, then we’ll be paying a lot more for basic stuff.  Remember how great it felt to be paying $5.00 per gallon for gas during the oil run-up in the summer of 2008?  That’s going to be child’s play compared to what’s ahead.  But we don’t take advantage of the gift that China is giving us and things will get worse because we don’t understand basic public reserve accounting.<span>"

See, people are essentially asking for stronger global demand and higher energy prices (given the supply limitations) – that's part of the process, but often goes unreported when discussing the USDYEN.</span>
Thanks for coming by,

Rebecca

]]> Comment on Retraining workers won’t work by rjs http://www.exrussian.com/2010/10/05/retraining-workers-wont-work/comment-page-1/#comment-3238 rjs Tue, 05 Oct 2010 04:10:23 +0000 http://www.exrussian.com/?p=995#comment-3238 i certainly agree with your premise, rebecca, as ive seen hundreds around here go to "welding school" and come out just as unemployable as they were when they went in...but what you left out was your solution...how do you propose the government "stimulate domestic aggregate demand."? i certainly agree with your premise, rebecca, as ive seen hundreds around here go to "welding school" and come out just as unemployable as they were when they went in…but what you left out was your solution…how do you propose the government "stimulate domestic aggregate demand."?

]]> Comment on Retraining workers won’t work by Rebecca http://www.exrussian.com/2010/10/05/retraining-workers-wont-work/comment-page-1/#comment-3237 Rebecca Tue, 05 Oct 2010 03:11:44 +0000 http://www.exrussian.com/?p=995#comment-3237 Hi rjs,<br /><br />By adding jobs directly. They don't need to be technical jobs, just jobs, which would stimulate aggregate demand through income generation. Or a payroll tax cut would allow households to save more and front-load the deleveraging cycle, and possibly increase consumption growth (although my personal recommendation would be on the former option). Or the government could do it the "spending" way by work projects for private (not unlike those <a href="http://www.recovery.gov/Pages/home.aspx" rel="nofollow">contracts generated by the ARRA</a>).<br /><br />Robert Shiller has an <a href="http://www.nytimes.com/2010/10/03/business/economy/03view.html" rel="nofollow">interesting article in the NY Times</a> about Prof. Bewley's resarch on workforce morale for those who retain their jobs - it's low, which then restrains aggregate demand further.<br /><br />Rebecca Hi rjs,

By adding jobs directly. They don't need to be technical jobs, just jobs, which would stimulate aggregate demand through income generation. Or a payroll tax cut would allow households to save more and front-load the deleveraging cycle, and possibly increase consumption growth (although my personal recommendation would be on the former option). Or the government could do it the "spending" way by work projects for private (not unlike those contracts generated by the ARRA).

Robert Shiller has an interesting article in the NY Times about Prof. Bewley's resarch on workforce morale for those who retain their jobs – it's low, which then restrains aggregate demand further.

Rebecca

]]> Comment on Retraining workers won’t work by Rebecca http://www.exrussian.com/2010/10/05/retraining-workers-wont-work/comment-page-1/#comment-3236 Rebecca Tue, 05 Oct 2010 02:53:37 +0000 http://www.exrussian.com/?p=995#comment-3236 <span>Hi rjs,  <br /> <br />By adding jobs directly. They don't need to be technical jobs, just jobs, which would stimulate aggregate demand through income generation. Or a payroll tax cut would allow households to save more and front-load the deleveraging cycle, and possibly increase consumption growth (although my personal recommendation would be on the former option). Or the government could do it the "spending" way by work projects for private firms (not unlike those <a href="http://www.recovery.gov/Pages/home.aspx" rel="nofollow"><span>contracts generated by the ARRA</span></a>).  <br /> <br />Robert Shiller has an <a href="http://www.nytimes.com/2010/10/03/business/economy/03view.html" rel="nofollow"><span>interesting article in the NY Times</span></a> about Prof. Bewley's resarch on workforce morale for those who retain their jobs - it's low, which then restrains aggregate demand further.  <br /> <br />Rebecca</span> <span>Hi rjs,  
 
By adding jobs directly. They don't need to be technical jobs, just jobs, which would stimulate aggregate demand through income generation. Or a payroll tax cut would allow households to save more and front-load the deleveraging cycle, and possibly increase consumption growth (although my personal recommendation would be on the former option). Or the government could do it the "spending" way by work projects for private firms (not unlike those <span>contracts generated by the ARRA</span>).  
 
Robert Shiller has an <span>interesting article in the NY Times</span> about Prof. Bewley's resarch on workforce morale for those who retain their jobs – it's low, which then restrains aggregate demand further.  
 
Rebecca</span>

]]> Comment on Retraining workers won’t work by Anonymous http://www.exrussian.com/2010/10/05/retraining-workers-wont-work/comment-page-1/#comment-3235 Anonymous Tue, 05 Oct 2010 02:35:38 +0000 http://www.exrussian.com/?p=995#comment-3235 Adding jobs will be difficult given that so many of the lost ones are in the construction and manufacturing sectors. Those are the jobs that are filled by your targeted groups and will be very slow to come back. Another factor will be age of those who lost jobs. Its difficult to get back in the workforce when you are over 40 (yes, 40!!)  aj Adding jobs will be difficult given that so many of the lost ones are in the construction and manufacturing sectors. Those are the jobs that are filled by your targeted groups and will be very slow to come back. Another factor will be age of those who lost jobs. Its difficult to get back in the workforce when you are over 40 (yes, 40!!)  aj

]]> Comment on Retraining workers won’t work by Ralph Musgrave http://www.exrussian.com/2010/10/05/retraining-workers-wont-work/comment-page-1/#comment-3234 Ralph Musgrave Tue, 05 Oct 2010 02:22:24 +0000 http://www.exrussian.com/?p=995#comment-3234 Rebecca’s claim that the basic problem facing employers is lack of demand is supported by this small business survey. <br /><br />http://www.nfib.com/Portals/0/PDF/sbet/sbet201009.pdf<br /><br />According to page 18, “poor sales” are much the most important problem with “quality of labour” being a complete non-problem. Rebecca’s claim that the basic problem facing employers is lack of demand is supported by this small business survey.

http://www.nfib.com/Portals/0/PDF/sbet/sbet201009.pdf

According to page 18, “poor sales” are much the most important problem with “quality of labour” being a complete non-problem.

]]> Comment on Evaluating the “excess” in the US corporate financial balance by Some in China ready to drop U.S. holdings and pour money into nation | http://www.exrussian.com/2010/09/20/evaluating-the-excess-in-the-us-corporate-financial-balance/comment-page-1/#comment-3171 Some in China ready to drop U.S. holdings and pour money into nation | Tue, 21 Sep 2010 03:40:57 +0000 http://www.exrussian.com/?p=964#comment-3171 [...] Evaluating the “excess” in the US corporate financial balance … [...] [...] Evaluating the “excess” in the US corporate financial balance
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