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Showing 11 - 20 of 26 results for "Thrift"

When saving goes bad

BENJAMIN ONG  |  FRIDAY, 28 FEB 2014
... from 'The Fable of the Bees' -- the passage that JMK (John Maynard Keynes), himself, cited when he gave us the 'Paradox of Thrift'. Mandeville wrote 'The Fable of the Bees' in 1714 and JMK's paradox became popular among us students of the dismal science ...

Spend, spend, spend

BENJAMIN ONG  |  TUESDAY, 22 OCT 2013
... Australians' new-found predilection towards savings is not doing the economy any good. Recall John Maynard Keynes' 'Paradox of Thrift'. In simple terms, it means that if people don't spend, companies don't earn. If companies don't earn, they don't hire ...

Debt ceiling forces US Treasury to suspend TSP contribs

ALEX DUNNIN  |  THURSDAY, 17 JAN 2013
Members of the US federal government and uniformed employees Thrift Savings Plan have had employer contributions into US government securities suspended as part the US Treasury's plan to avoid breaching the debt ceiling. The Thrift Savings Plan (TSP) ...

Keynes & Riccardo on display

BENJAMIN ONG  |  WEDNESDAY, 1 AUG 2012
... and 1.4% in 2005. This explains the US economy's tepid growth and a testament to JMK (John Maynard Keynes) "Paradox of Thrift". It's also proving David Riccardo's theorem. In simple terms, the Riccardian equivalence theory posits that it does not matter ...

Wow on Wall Street

BENJAMIN ONG  |  THURSDAY, 26 APR 2012
... March. It'll be 5.0% instead, fingers crossed. Makes me think that another one of my fave JMK postulations - the Paradox of Thrift - is asserting itself into the global economy. Long gone Johnny explained how this is not good for the economy many, many ...

A penny saved could spark a recession

BENJAMIN ONG  |  WEDNESDAY, 17 AUG 2011
... surprised? This sort of numbers proves what I've been typing on my keyboard all along - JMK's (John Maynard Keynes) "Paradox of Thrift". He explained how it would be disastrous for an economy if most of its consumers decide to save instead of spend - ...

Lost GPS

BENJAMIN ONG  |  MONDAY, 15 AUG 2011
... all, there's now this worldwide antipathy towards debt and deficits. When John Maynard Keynes put forth the "paradox of thrift" back in 1800s, he explained how it would be disastrous for an economy if most of its consumers decide to save instead of spend ...

Shopping till unemployment drops

BENJAMIN ONG  |  WEDNESDAY, 15 DEC 2010
... Black Friday (the day after Thanksgiving) sales. This is what the WSJ printed at the time: "After several years of relative thrift, consumers may be parting with their money more willingly simply due to pent-up demand, something industry watchers are ...

Paradox of thrift

BENJAMIN ONG  |  THURSDAY, 8 APR 2010
... the reasons to sell last night? The answer, my friend, lies in John Maynard Keynes' "Savings Paradox" or the "Paradox of Thrift". Long gone Johnny explained how this is not good for the economy many, many moons ago. The paradox states that during times ...

ETFs slash fund fees to 15bp

ALEX DUNNIN  |  THURSDAY, 10 DEC 2009
Australian trustees looking to slash fees should have a good look at the US public sector quasi-industry fund, the Thrift Savings Plan, that uses Exchange Traded Funds (ETF) to deliver total fees of just 0.15 per cent. Thrift is a US pension fund used ...