The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason 6 potx
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_1 docx
... to the cri-
sis of 2008, enacted over the past 25 years, make it abundantly clear
that economists, elected of cials, and central bankers did not learn
the lessons of the 1920s.
The record of the ... Over the course of the meal I explained that I intended to
publish a radical forecast for the U.S. economy. The centerpiece of
my outlook was the S&L crisis...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_2 potx
... died
in 2008.
Figure 2.1
04020098 969 4929088 868 4828078 767 4727 068 666 462 6058 565 452
15
10
5
0
−5
Year over Year % Change
The Great Inflation of the 1 960 s-1970s
Gave Way to Moderate Price Pressures ... factors.
The Markets Stoke the Boom and Bust Cycle • 19
inflation at bay, had vanquished the brutal boom and bust cycles
that gripped the U.S. economy in the 1 960...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_3 pot
... the loan has gone bust
and the bank now owns the home. But the loan was for $588,000, and
the house is worth $538,000. If lots of home loans go the way of
Hanna’s loan, then the total value of ... lower
than the value of what is owed to them—their assets. When they
subtract their liabilities from their assets, the remainder is their
equity.
The problem for bank...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_4 ppt
... indeed
shocked by the events of 2008. Shock in hand, they can argue that
their sense of the way the world works is intact. Listen to speeches
from representatives of the European Central Bank, the ECB, and ... to the Fed’s list of poten-
tially destabilizing excesses. Why? Sadly, it was not the force of ideas
that carried the day. It was the end of the Grea...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_6 potx
... interest rates is the catalyst for recession. And housing
investment, without exception, plunges (Figure 10.1).
1 26 • T
HE
C
OST OF
C
APITALISM
828180797877 767 5747372717 069 6 867 666 564 6 362 61
2500
2000
1500
1000
500
In ... gripped the United States and then became a
world recession. The dynamics that precipitated the U.S. recession,
the global capital markets crisis,...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_7 potx
... the
08 060 4020098 969 4929088 868 4828078 767 4727 068 666 462 6058 56
20000
10000
8000
60 00
4000
2000
In Billions of Chained 2000 $s, Log Scale
Growth Is the Goal
and Growth Is the Rule
NIPA: Real GDP
Figure 13.1
08 060 4020098 969 4929088 868 4828078 767 4727 068 666 462 6058 56
10
8
6
4
2
0
–2
–4
Year ...
But the legacy of freewheeling government meddling, with
Keynes...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_8 doc
... • T
HE
C
OST OF
C
APITALISM
1008 060 4020098 969 4929088 868 4828078 767 4727 068 666 462 60
11
10
9
8
7
6
5
Share (%)
Where Might the Estimates for Giant Surpluses Be Faulty?
Personal Tax and Nontax Receipts ... and in its final
stage defied the law of the conservation of mass!
One Practitioner’s Professional Journey • 193
banking crises, is the cost of capitalism. The...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_9 doc
... sell you the bond and tell you the company is good for the money. You
hold the bond, and I collect a fee. All the incentive is in place for me to
get lax on my assessment of the safety of the bond, ... Left to their own devices, the various world
210 • T
HE
C
OST OF
C
APITALISM
Figure 16. 1
08 060 4020098 969 4929088 868 4828078 767 4727 068 666 462
130
105
80
55
30...
The Violence of Financial Capitalism (Semiotext(e) Intervention Series) by Christian Marazzi, Kristina Lebedeva and Jason_10 docx
... 21
mistakes of, 73
war against inflation, 19
Blind spots, 16
Bonds, safety of, 220
(See also specific types of bonds)
Boom and bust cycles
of the 1 960 s and 1970s, 16 18
boom without excesses, 77
and Chinese, ... 74
fundamentals of, 162 – 166
theories of, building in academia,
171
Madoff, Bernard L., 41
Maestro: Greenspan’s Fed and the
American Boom (Wood-
ward), 72–73
Ma...
application of multi-agent games to the prediction of financial time-series
... arbitrary number j of timesteps into the future, is then
generated by calculating the net value of S
0−1
along all possible future routes
of the third-party game.
Figure 5 shows the ‘predicted corridors’ ... FX
45
50
55
60
01234 567 8
time (years)
success rate %
random walk
45
50
55
60
01234 567 8
time (years)
Dollar - Yen FX
47.9 50.3 52 .6
success rate %
#players
random...
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