Founded after World War 2 to administer the Marshall Plan in Europe, the OECD has been the preeminent force behind globalization in the world for decades. They are, quite literally, the New World Order and they don’t like what they’re seeing now, with Trump, Le Pen, revolt in Netherlands and Italy — the whole nationalist movement that is sweeping the planet.
Their chief concerns lie in trade, citing protectionism as something that might truly derail global GDP growth. The culprit? Citizens no longer trust their governments, making it harder for national governments to enact pro globalist strategies (extra Trump).
“We have acceleration but I’m concerned about this really soft foundation to the recovery,” OECD Chief Economist Catherine Mann said in an interview. “We still have this slow, sluggish productivity growth and persistent inequality. Put those together and it’s hard to see the robust consumption and investment profile you need to really get things going.”
Though not named in the report, some of the concerns are related to the policies of U.S. President Donald Trump’s administration, including his threats to impose tariffs on nations he deems to have an unfair advantage, The OECD also said there’s a “disconnect” between equity valuations and the outlook for the real economy, with the market performance partly linked to anticipation of a Trump stimulus package.
“We think the dynamic response to increased protectionism could be really quick, so we have a pretty significant downward bias on what it could mean for growth,” Mann said. “What we mean by that is the way businesses will respond by raising prices and cutting trade flows.”
“Although risks may not materialize immediately, they remain a real possibility and a set of large shocks, possibly interacting with each other, would disrupt the recovery..
Falling trust in national governments and lower confidence by voters in the political systems of many countries can make it more difficult for governments to pursue and sustain the policy agenda required to achieve strong and inclusive growth.”
Question for you homegamers: if you have a decent job and prices are stable, why do you need growth?
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Has that Tuesday am wikileaks file dump turned up anything yet?
nevermind, found it
Jesus, they tap into the microphones on our phones?
Every app on your phone does the same. I figured Facebook just sold that data to the CIA, but hugely naive to think they didn’t have that already one way or another.
Your phone, your car, your TV, your game console — think about all of the kiosks and electronics in stores that are tracking people within range. Those HD cameras can even gauge your emotional state by measuring your galvanic skin response. I shit you not. And they charge you monthly for the privilege.
On one hand, this season cod. On the other, this is how the web runs for “free”.
Damn spell correct.
“On one hand this sucks…”
I got some good tips from the CIA on how to avoid secondary screening at airports. Thanks, CIA. p.s. disconnect all your electronic devices and disable their cameras and microphones. LOL
I’m sure glad my smartTV is watching me back.
I think LG just lost a class action suit about that very thing. Their TV’s were tracking your viewing habits and uploading them to LG who then sold the info to various entities.
No shit.
Don’t watch TV naked. That’s all I’m going to say about that. Sad!
Is it me, or have all of the libs who hated the CIA now become stans of them?
Nope, not you. New lib-ism is a win at ALL costs competition. With a lot of “holier than thou” and “enlightenment” shoved in your mug.
“I voted for Obama because he opposed the Patriot Act” has become “I support constant monitoring of everyone and everything because I love Obama so much.”
There is a deeply embedded Messiah Complex on the left that allows their leaders to get away with absolutely anything, unquestioned.
Globalism v. Populism the Oxfam reports have shown that the centralization of political and economic concerns by the globalists has caused a disproportionate amount of the economic pie to concentrate in the hands of the 1% ers. The havenots have less than before and Davos Man is wealthy beyound belief.
Populism/nationalism needs to begin to articulate the idea of decentralization. The hoary old chestnut of globalists is that free trade creates more jobs for a greater number of people- globally. The conservative academics and influencers need to articulate how decentralization can create new jobs domestically -for instance- the centralization of the electric grid. There should be a plan in place to redesign the energy grid to create mini grids. Battery storage technology is getting better and eventually can be the cornerstone for localized energy grids.
Because markets are forward thinking and investments of all kinds are made with future cash flows in mind. No growth means less chance you can meet your cost of capital, meaning less chance you’ll take risk. Once risk goes, then everything crumbles.
Man I love Bernie, the only politician who speaks the truth
https://www.facebook.com/berniesanders/?hc_ref=NEWSFEED&fref=nf
Yea, me too. He was my candidate early on. Shame the DNC felt obliged to anoint HRC and move forward with her. I was annoyed by this #notmypresident shtick because the party messed up at step 1 – choosing her over him.
Love that socialist all you want, your party isn’t giving him the time of day.
None of this spying shit is all that new. Sure, people will be outraged for a week, then they’ll go back to staring at their phones and taking selfies.