Hi all,
I dont know how far the data discussed in this video is true but the logic is bit convincing . Please watch below video on USA debt crises, the explanation is in simplest form. I think PPT should be in this form to convey complex Ideas in simplest way. Please post your feedback on same.
‪US Debt Crisis - 2012 is only for America‬‏ - YouTube
Regards
Sarang
web: Forscher Consultancy
From India, Mumbai
3I dont know how far the data discussed in this video is true but the logic is bit convincing . Please watch below video on USA debt crises, the explanation is in simplest form. I think PPT should be in this form to convey complex Ideas in simplest way. Please post your feedback on same.
‪US Debt Crisis - 2012 is only for America‬‏ - YouTube
Regards
Sarang
web: Forscher Consultancy
From India, Mumbai
Greetings,
Thankyou for making this excellent contribution. We all would equally be in trouble and as rightly pointed out in the video, we can only educate eachother. Financial sustainability remains largely a group effort rather than planned in isolation.
Here's a part from an article on the same. Hope you would like it.
"Japan is currently preoccupied with overcoming the consequences of the tsunami and earthquake, but it also will soon have to face the reality that, due to decades of budget deficits, it has the largest government debt as a percentage of GDP of any country – twice that of the US.
In contrast China in 2008 launched the world's largest state stimulus package to counter the international financial crisis. But it is not running any substantial budget deficit - this year it will only be around two per cent of GDP. But China has enjoyed rapid economic growth.
It has been claimed that China is applying ‘Keynesianism’, but if budget deficits were the key issue defining such policies then China is clearly not pursuing ‘Keynesianism’ at all.
Actually, the core of Keynes’ analysis did not lie in advocating budget deficits, and in some ways China has a policy which more corresponds to his views than that pursued in the US and Europe. This is is briefly outlined below. But before dealing with this it is illuminating to contrast the nature of the economic policies pursued by the US and Europe in the last three years on the one hand, and by China on the other, and to analyse why the latter was able to launch such a large stimulus package without a significant budget deficit."
source:Key Trends in the World Economy
Read a cover story by BBC Keynes v Hayek: Two economic giants go head to head. Here's a must watch video on "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
I loved both of them !
From India, Mumbai
Thankyou for making this excellent contribution. We all would equally be in trouble and as rightly pointed out in the video, we can only educate eachother. Financial sustainability remains largely a group effort rather than planned in isolation.
Here's a part from an article on the same. Hope you would like it.
"Japan is currently preoccupied with overcoming the consequences of the tsunami and earthquake, but it also will soon have to face the reality that, due to decades of budget deficits, it has the largest government debt as a percentage of GDP of any country – twice that of the US.
In contrast China in 2008 launched the world's largest state stimulus package to counter the international financial crisis. But it is not running any substantial budget deficit - this year it will only be around two per cent of GDP. But China has enjoyed rapid economic growth.
It has been claimed that China is applying ‘Keynesianism’, but if budget deficits were the key issue defining such policies then China is clearly not pursuing ‘Keynesianism’ at all.
Actually, the core of Keynes’ analysis did not lie in advocating budget deficits, and in some ways China has a policy which more corresponds to his views than that pursued in the US and Europe. This is is briefly outlined below. But before dealing with this it is illuminating to contrast the nature of the economic policies pursued by the US and Europe in the last three years on the one hand, and by China on the other, and to analyse why the latter was able to launch such a large stimulus package without a significant budget deficit."
source:Key Trends in the World Economy
Read a cover story by BBC Keynes v Hayek: Two economic giants go head to head. Here's a must watch video on "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
I loved both of them !
From India, Mumbai
Dear Sarang,
Whatever projected in that video is fact. This video is watched my millions now. US has been trying to control world's economy but he failed to concentrate on his own economy henceforth this BIG BLOW made them realize what best can be done to control their own economy...
If you try to dig deep, you will explore more about them.
With profound regards
From India, Chennai
Whatever projected in that video is fact. This video is watched my millions now. US has been trying to control world's economy but he failed to concentrate on his own economy henceforth this BIG BLOW made them realize what best can be done to control their own economy...
If you try to dig deep, you will explore more about them.
With profound regards
From India, Chennai
Hi Sarang,
Sehr gut... Ich dachte dass deine Staerke im Bereich HR waren....
Pardon to the others... that was a little bit of German for the Researcher in Sarang!
You seem to be obsessed by the topic!
The video is extremely incomplete because it bases itself on basic economics. One needs to incorporate monetary and fiscal postures taken by various governments to get a better picture of how the whole cycle works... In other words, it is only focusing on one of the many perspectives.
I believe you might want to put the 'other' perspective in your observation as well. That might give you a better understanding... I am putting the link for the benefit of the others.
https://www.citehr.com/352894-recess...can-ready.html
Meanwhile, you must understand the basic drivers that are favoring the US configuration... We can take it offline...
Reg,
From United States, Daphne
Sehr gut... Ich dachte dass deine Staerke im Bereich HR waren....
Pardon to the others... that was a little bit of German for the Researcher in Sarang!
You seem to be obsessed by the topic!
The video is extremely incomplete because it bases itself on basic economics. One needs to incorporate monetary and fiscal postures taken by various governments to get a better picture of how the whole cycle works... In other words, it is only focusing on one of the many perspectives.
I believe you might want to put the 'other' perspective in your observation as well. That might give you a better understanding... I am putting the link for the benefit of the others.
https://www.citehr.com/352894-recess...can-ready.html
Meanwhile, you must understand the basic drivers that are favoring the US configuration... We can take it offline...
Reg,
From United States, Daphne
Hi Nikhil,
The translation of German Sentence is,
German: Sehr gut... Ich dachte dass deine Staerke im Bereich HR waren....
English: Very good ... I thought that was your strength in HR ...
Now, I dont know what that video has to do with my strength in HR. I wanted to post the video on my earlier thread on recession you have mentioned above but since I couldnt understand your last comment in that thread which says:
"Firstly, I don't think this is the right forum to discuss this issue. Most people here are from the HR background. Very few, like me, are from the Strategy Consulting domain. This is a tricky area, and inadequate knowledge could be extremely dangerous as it might lead to wrong learnings."
So i discontinued that thread and posted video on new link. Since, I feel you should be provided adequate explanation on questioning HR people's knowledge on "Strategy Area". I think Senior members like (Cite Contribution), Mr. SKhadir and other HR Members can explain that well. So lets have HR forum opinion on it first.
Regards
Sarang
Forscher Consultancy
From India, Mumbai
The translation of German Sentence is,
German: Sehr gut... Ich dachte dass deine Staerke im Bereich HR waren....
English: Very good ... I thought that was your strength in HR ...
Now, I dont know what that video has to do with my strength in HR. I wanted to post the video on my earlier thread on recession you have mentioned above but since I couldnt understand your last comment in that thread which says:
"Firstly, I don't think this is the right forum to discuss this issue. Most people here are from the HR background. Very few, like me, are from the Strategy Consulting domain. This is a tricky area, and inadequate knowledge could be extremely dangerous as it might lead to wrong learnings."
So i discontinued that thread and posted video on new link. Since, I feel you should be provided adequate explanation on questioning HR people's knowledge on "Strategy Area". I think Senior members like (Cite Contribution), Mr. SKhadir and other HR Members can explain that well. So lets have HR forum opinion on it first.
Regards
Sarang
Forscher Consultancy
From India, Mumbai
Hi Sarang,
The correct translation is... Very Good... I thought your strengths were in HR.
There is a specialized branch in Strategy Consulting that deals in what we call Policy Research. As I had indicated in my post on your other thread, we don't do Policy Research per se. We do only strategy advisory which doesn't give the 'entire' picture that policy research does. Since policy research is highly specialized, lack of adequate knowledge can give one very different interpretations... Which was what I said in my statement.
I was never questioning HR people's knowledge on strategy. All I was indicating was that the types of issues and the perspectives are very different from those of strategy. You see it in the typical problems they encounter. This very forum has lots on what a 'HR manager must know'. And going by the HR paradigm, you would prefer a MBA HR over a MBA Operations for a role in HR! Going by the same paradigm, think of the strategists...
This is policy research though... Its a specialized interface to strategy. To put it in a better perspective for you, a fundamental analysis from your side would reflect better in your knowledge on strategy, policy and economics rather than working up links and inviting comments... :-) Because like I mentioned in my post, they are only portraying half the picture. And since we (my company) don't do fundamental policy research for Governments ourselves (though we cover a good part of it for specific industries), I had passed it to others who do it!
I think that would be more meaningful. Rather than going by the 'talk-through-the-hat' syndrome.
Note that fundamental analysis almost always gives you a very different picture from perceptions and interpretations of others' articles. Nothing personal about it, but if someone were to tell me that I didn't know enough about something, I would rather try to read a lot so as to reflect on it rather than read a little and try to build the rest of the castle through interpretations and posts of other members. That way I could accelerate my value! Hence, I suggested the books in my previous post...
Lets take it in the right spirit buddy. I would have loved to take this offline, but you insisted on doing it in the forum.
Nevertheless, I would be happy to see what the others have to say. It helps understand different perspectives and our societal values and paradoxes :-)
Reg,
From United States, Daphne
The correct translation is... Very Good... I thought your strengths were in HR.
There is a specialized branch in Strategy Consulting that deals in what we call Policy Research. As I had indicated in my post on your other thread, we don't do Policy Research per se. We do only strategy advisory which doesn't give the 'entire' picture that policy research does. Since policy research is highly specialized, lack of adequate knowledge can give one very different interpretations... Which was what I said in my statement.
I was never questioning HR people's knowledge on strategy. All I was indicating was that the types of issues and the perspectives are very different from those of strategy. You see it in the typical problems they encounter. This very forum has lots on what a 'HR manager must know'. And going by the HR paradigm, you would prefer a MBA HR over a MBA Operations for a role in HR! Going by the same paradigm, think of the strategists...
This is policy research though... Its a specialized interface to strategy. To put it in a better perspective for you, a fundamental analysis from your side would reflect better in your knowledge on strategy, policy and economics rather than working up links and inviting comments... :-) Because like I mentioned in my post, they are only portraying half the picture. And since we (my company) don't do fundamental policy research for Governments ourselves (though we cover a good part of it for specific industries), I had passed it to others who do it!
I think that would be more meaningful. Rather than going by the 'talk-through-the-hat' syndrome.
Note that fundamental analysis almost always gives you a very different picture from perceptions and interpretations of others' articles. Nothing personal about it, but if someone were to tell me that I didn't know enough about something, I would rather try to read a lot so as to reflect on it rather than read a little and try to build the rest of the castle through interpretations and posts of other members. That way I could accelerate my value! Hence, I suggested the books in my previous post...
Lets take it in the right spirit buddy. I would have loved to take this offline, but you insisted on doing it in the forum.
Nevertheless, I would be happy to see what the others have to say. It helps understand different perspectives and our societal values and paradoxes :-)
Reg,
From United States, Daphne
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