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In most industries "our inputs are worth more than our output" would mean that your business subtracts value and you should be doing something else. Whereas here it's supposed to mean that the government should intervene to riase the price of their output. ft.com/content/b19b34…
"Oh the poor savers!" Were any of the people who think society has a moral duty to ensure that money-owners get the passive income they expected, saying that when it was a question of industrial workers not getting the wages and pensions they'd counted on?
This part is helpful, tho. If you don't like negative rates, what you should be doing is pushing for much more public spending and bigger deficits.

(Sounds like a case for a Green New Deal.)
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JW Mason
@JWMason1
There are three reasons this looks so different from the picture of flat wages and rising productivity that we are used to. First, it's the average wage rather than the median wage. 1/n
Second, it adjusts for inflation using the GDP deflator, which reflects the prices of everything produced in the economy, rather than the CPI or PCE, which reflect the prices of consumption goods. 2/n
Third, it loks at shares of net output rather than gross domestic product. That is, it subtracts depreciation from the capital share. 3/n
Read 18 tweets
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JW Mason
@JWMason1
Why does the wonk class have such an attachment to means-testing and sliding scales? What if I told you, we already have a proven technology for getting people to pay for public services in proportion to their income. It's called the progressive income tax. Why not just use that?
And if we just pay for stuff with the income tax, then get this: Peope only have to document their income once a year. Instead of every time they go to the dentist, enroll in a college class, or drop off their kid at daycare.
It's like the people who design these programs have never consdiered what establishing eligibility means in practice - the wasted time, the uncertainty, the inevitable errors.
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JW Mason
@JWMason1
Reducing downpayments and relaxing lending standards is a time-tested way of deaing with a glut of overpriced housing that has never led to problems in the past. ft.com/content/644d8d…
One benefit of the likely crash in the luxury housing market (besides schadenfreude) is it will be a good test of the "filtering" theory that construction at the high end leads to lower rents for all. High-end sale prices are falling; will rents down the scale eventually follow?
A lot of the dysfunctions and instability of asset markets, it seems to me, come when expectations of future prices are based on extrapolating from recent changes. Another exhibit in the endless parade for why rational expectations are not a desirable feature of economic models.
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Safdar Alam
@SafdarAlam
THREAD

Today I want to talk a bit about bonds.

Sure, they contain interest and are impermissible for Muslims, but it is crucial to understand the finance markets and how they operate, before you can hope to understand wider issues relating to Islamic bonds – Sukuk.
Claiming to understand Sukuk without knowing about bonds is the height of ignorance.

OK, so a bond is simply a type of debt. The issuer of a bond receives money, and agrees to repay this same amount back to the investor in the future.
In addition, bonds will pay a regular interest amount, or coupon.
This coupon can be fixed rate or floating. The bond will have a fixed duration, for example 5 years.
Question – why do we not see 1 year or 2 year bonds?
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S L Lothian #CashWars #Veteran FCA
@StuartLothian
#OpportunityCost is the aggregate net cost of doing something, vis a vis 'not doing it' at all.

The initial project, option & prospect of #Brexit came with huge opportunity costs, which were too easily pre-discounted as #ProjectFear. 1/
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Mike
@MikeDoesAds
How to make more money in your #business using sales funnels:

1. Build out a funnel that has 2 up sells and 2 down sells
2. Bring the customer through the journey shown in the picture
3. Profit!

I will explain in this thread:
NOTE: These are just examples 😎
Step 1. Say you sell a #sports water bottle for $19, why not also offer a gym bag or a diet/workout plan course for $27? (up sell #1) If the person says no, offer them a head sweat band for $9.95 (down sell #1)
Continue this process with a second up sell and a down sell to go with that and you can increase you customer #value by quite a lot. But let's do some math:
Read 7 tweets

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