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Obviously if something larger than the uncertainty comes along it would negate the uncertainty almost by definition.
can't wake up
The big data point of the past few years is that the economy stinks and no unicorn has come in to save it. Companies invest when they see an opportunity but opportunities have been thin on the ground. They have been hoarding cash and waiting out the storm. Problem is the storm won't end until they invest etc.Originally Posted by Yoshi
If that unicorn did come up - let's say something like the internet in 1994 - do you really think companies wouldn't jump in because of Obamacare?
Obviously if something larger than the uncertainty comes along it would negate the uncertainty almost by definition.
can't wake up
Nobody knows what tomorrow will bring. There is always uncertainty. The whole point of running a corporation is managing that. Uncertainty comes from all angles, including the government at all levels.
The idea that this one piece of uncertainty is the biggest thing holding back the economy is just bogus. NPR runs this Marketplace crap and I always hear about how businesses are just so unsure, like there was some point in the past where they were completely sure about what was coming next. It's crap.
And this is different than Anthony's statement in terms of broad strokes how?
What percent of the GDP is healthcare? Whatever it is, it's growing like a mother fucker. It's very possible this is the biggest uncertainty.The idea that this one piece of uncertainty is the biggest thing holding back the economy is just bogus. NPR runs this Marketplace crap and I always hear about how businesses are just so unsure, like there was some point in the past where they were completely sure about what was coming next. It's crap.
edit: 17.9% in 2010.
can't wake up
Have you ever studied enterprise risk management? It is vague and broad, because it has to be. Companies manage uncertainty every day.
Those NPR articles I mentioned before, they are still running them, except they swapped out "Obamacare" and put in "fiscal cliff." They say the same crap, just with a different "uncertain" data point. That's what I mean, it's just an excuse.
The truth is that companies are reluctant to invest in a weak economy with tepid growth. That's fine - they're not running a charity. But it's almost like people are afraid to say that.
My major was the same as your occupation.
I don't dispute your second point, but I'm not willing to go so far as to call legitimate and specific things excuses. There are not always things like that hanging around.Those NPR articles I mentioned before, they are still running them, except they swapped out "Obamacare" and put in "fiscal cliff." They say the same crap, just with a different "uncertain" data point. That's what I mean, it's just an excuse.
The truth is that companies are reluctant to invest in a weak economy with tepid growth. That's fine - they're not running a charity. But it's almost like people are afraid to say that.
I'm glad you and razor are back to remind me of this. bbobb was mostly keeping his mouth shut
Wild Arms Junky.
http://www.fvza.org/index.html
That was amazingly poorly written. I wasn't even sure what the fuck he was talking about for the first few paragraphs.
He's right though.
can't wake up
A big problem with Keynesianism from a policy perspective is that no politician will enact counter-cyclical budget cuts in growth periods.
The stuff he wrote about the slow periods is right on, though, and what's happening now is basically exactly what he predicted would happen.
Monetarism is just a way for rich people to build walls around their wealth. Supply side isn't even supposed to be taken seriously, it's just obvious theft.
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