New Normal News

2015-01-01T00:00:00.000+12:00

Tweets about "new normal" OR #newnormal

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Relying on Central Banks for Growth, New Abnormal

2014-12-29T00:00:00.000+12:00

New Abnormal Means Relying on Central Banks for Growth - Bloomberg: "The “new normal” may be new. It’s hardly normal. The “new abnormal” would be more apt, according to reports published this month by Ed Yardeni of Yardeni Research Inc. in New York and ING Bank NV’s Mark Cliffe in London. “Dictionaries define ‘normal’ as regular, usual, healthy, natural, orderly, ordinary, rational,” Cliffe said Nov. 7. “It is hard to use those words to describe the current performance of the world economy and financial markets.” Among signs of irregularity since Pacific Investment Management Co. popularized the expression “new normal” in 2009 to describe an environment of below-average economic growth: Central banks are still deploying near-zero interest rates or quantitative easing six years after the financial crisis, yet output, inflation, business investment and wages remain mostly subpar. In financial markets, equities are hitting new highs as bond yields probe new lows. Even as the U.S. shows signs of strength, commodities are slumping. The lesson for Yardeni is that by running to the rescue every time asset prices swooned in the past two decades, central bankers’ prescriptions distorted economies. “If a central bank moderates recessions, then speculative excesses are likely to build up much more during the booms and never get fully cleaned out,” Yardeni, a former chief economist at Deutsche Bank AG, said in a Nov. 19 report. “So each financial crisis gets progressively worse than the previous one, forcing the central bank to provide even more easy money to avert a financial meltdown.”..."

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American Dystopia, Suspicion, Spying, New Normal

2014-12-22T00:00:00.000+12:00

America’s dystopian new normal: Endless suspicion, limitless spying - Salon.com: "....The SARs program and the consolidated terrorism watchlist are just two domestic government databases of suspicion. Many more exist. Taken together, they should be seen as a new form of national ID for a growing group of people accused of no crime, who may have done nothing wrong, but are nevertheless secretly labeled by the government as suspicious or worse. Innocent until proven guilty has been replaced with suspicious until determined otherwise. Think of it as a new shadow system of national identification for a shadow government that is increasingly averse to operating in the light. It’s an ID its “owners” don’t carry around with them, yet it’s imposed on them whenever they interact with government agents or agencies. It can alter their lives in disastrous ways, often without their knowledge. And they could be you. If this sounds dystopian, that’s because it is."

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Amazon Web Services, The Cloud is the New Normal

2014-12-15T00:00:00.000+12:00

'The cloud is the new normal,' Amazon Web Services executive says | Computerworld: "The cloud is no longer relegated to handling ancillary jobs, but is quickly become the base for mission critical -- or even all -- enterprise IT operations, the head of Amazon Web Services said. "The cloud is the new normal," said Andy Jassy, Amazon Web Services senior vice president during Wednesday's opening keynote of the company's annual Re:Invent conference in Las Vegas...."

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Education, Lessons of Hope, New Normal

2014-12-08T00:00:00.000+12:00

Newsweek
Joel Klein's Book on American Schools Tries to Find a Way Forward
Newsweek
The goal here is instead defensive, coming at a time when the city's new .... But it's a fair point, especially since the new normal so thoroughly trumps ...

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Corn, Nebraska, Iowa, Return To a New Normal

2014-12-01T00:00:00.000+12:00

Omaha World-Herald
Corn, Nebraska and Iowa's top cash crop, selling for half 2012 prices
Omaha World-Herald
The current correction should be seen not as a bust, but a moderation of the recent boom — a return to a new normal, said Michael Swanson, ...(read more at link above)

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A Future Where Change, and Water, Is the New Normal

2014-11-24T00:00:00.000+12:00

ArchDaily
ULI Releases New Report on the Infrastructural Challenges of Rising Sea Levels
ArchDaily
It is vital, ULI agrees, to “shift the paradigm and plan for a future where change, and water, is the new normal.” Revere Beach Waterfront Development ...(read more at link above)

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The New Normal, Parkinsons

2014-11-17T00:00:00.000+12:00

The Guardian
Richard Ford's Hero Returns in 'Let Me Be Frank With You'
New York Times
In “The New Normal,” Ann, who's received a diagnosis of Parkinson's disease and now lives in a tastefully appointed “high-end old folks' home,” asks ...

Appleton Post Crescent
Falling tree didn't break Greenville woman's spirit
Appleton Post Crescent
Schroth credits her strong faith and her family for her positive attitude and for helping her find a new normal, which she admits she's still getting used to ...

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China, Economy, New Normal

2014-11-10T00:00:00.000+12:00

Irish Examiner
China manufacturing growth falls in October
MiamiHerald.com
The figure indicates China's manufacturing sector "was steady as the economy is entering a 'new normal,'" Zhao Qinghe, a bureau statistician, was ...
Asia equities ease in subdued trade after China factory data - CNBC
China PMI, Australia to steal the show in Asia - CNBC

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Despair, Discontent, Stagnation, New Normal

2014-11-03T00:00:00.000+12:00

Parallels to 1937 by Robert J. Shiller - Project Syndicate: "There is a name for the despair that has been driving discontent – and not only in Russia and Ukraine – since the financial crisis. That name is the “new normal,” referring to long-term diminished prospects for economic growth, a term popularized by Bill Gross, a founder of bond giant PIMCO. The despair felt after 1937 led to the emergence of similar new terms then, too. “Secular stagnation,” referring to long-term economic malaise, is one example. The word secular comes from the Latin saeculum, meaning a generation or a century. The word stagnation suggests a swamp, implying a breeding ground for virulent dangers. In the late 1930s, people were also worrying about discontent in Europe, which had already powered the rise of Adolph Hitler and Benito Mussolini."

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China’s New Normal

2014-10-27T00:00:00.000+12:00

China, Innovation, R&D, growth rate--

In Praise of China’s New Normal by Yao Yang - Project Syndicate: ".... China’s capacity for innovation is improving steadily, owing to rapidly increasing human capital and rising investment in research and development. By next year, Chinese R&D expenditure, at 2.2% of GDP, will be closing in on advanced-country levels. Based on these trends – and assuming a constant labor-participation rate – China’s potential growth rate over the next decade is likely to hover around 6.9-7.6%, averaging 7.27%. This may be much lower than the 9.4% average growth rate in 1988-2013, but it is more than adequate by global standards. If this is China’s “new normal,” it would still be the envy of the rest of the world." Read more at http://www.project-syndicate.org

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New Normal, Jobs, Still Missing

2014-10-20T00:00:00.000+12:00

New Normal Situation Still Abnormal:

Still Missing: 3.9 Million Prime-Age Jobs - Bloomberg View: "... Some economists are doubtful that the Fed's stimulus efforts can get employment back up to pre-recession levels without generating too much inflation. Their position should be held to a high standard of evidence, particularly given that there isn't much inflationary pressure visible in the available data -- including wage growth in the August jobs report. Those who would give up on getting back to normal must accept both the suffering of millions of people and a permanent impairment of the economy's ability to generate higher living standards." (read more at link above)

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For Workers, a New Normal

2014-10-13T00:00:00.000+12:00

For Workers On Labor Day, a New Normal? | RealClearMarkets: "....But suppose we are nearing an inflection point, where worker supply and demand are in closer balance. That certainly wouldn't be bad. Workers' bargaining power would improve with tighter markets: markets where businesses have to pay a bit more to keep employees; where younger workers might have competing job offers; and where someone could quit with a reasonable expectation of finding another job. (Note that unions aren't a plausible alternative to markets because they represent only 7 percent of private workers. The minimum wage suffers from a similar scale problem.) A wage explosion seems unlikely; companies were too traumatized by the Great Recession to let costs get out of hand. Even in 2007, wage increases - unadjusted for inflation - were running only at about a 3.5 percent annual rate. What's ultimately at stake is the Great Recession's lasting effect on labor markets. Are they in the process of reverting to their modern role, promoting steadier employment and higher living standards? Or has there been a major break from the past, ushering in a harsher, more arbitrary system whose outlines are still faint? On this Labor Day, the verdict is unclear." read more at link above

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Labor Unions, Dead and Dying

2014-10-06T00:00:00.000+12:00

Labor Day: Are Unions Dead? Interview with Rich Yeselson | New Republic: "....What’s ironic about that is that unions are inherently conservative institutions, which historically developed parallel with the development of capitalism itself. They are as much a part of capitalism as Henry Ford or Apple. Unions use contracts—and there’s nothing more intrinsic to capitalism than the right of contract—to link their members to the fortunes of the companies they contract with. They are capable of having huge fights with capital (as in the thirties)—which raise the hopes of leftists—but, usually, over the attainment of very incremental ends---which disappoint leftists. Marx had nothing but contempt for British trade unionists, and Trotsky saw no value in unions at all. Yet conservatives and most libertarians hate them. Weird...." read more at link above

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Politics, Fund Raising, New Normal

2014-09-29T00:00:00.000+12:00

Why so many Americans hate politics - The Washington Post: "...Everyone knows that candidates spend far more time raising money than talking with voters. A leaked campaign planning document written late last year for Michelle Nunn, a Democrat who is running for the Senate in Georgia, offered a breakdown of how she should spend her time. The memo was first published by National Review Online. Nunn’s advisers recommended that she spend 80 percent of her time on fundraising in the first quarter of this year, 75 percent in the second quarter and 70 percent in the current three months. The memo recommended that she still should devote half her time to raising money in the final month of the campaign. That’s the new normal for most candidates...." read more at link above

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Gradually, Then Suddenly, A New Normal

2014-09-22T00:00:00.000+12:00

This is how it usually happens--

Last Call — Medium: "As Dick Tofel of ProPublica often points out, newspaper revenue has been shrinking since 2006, but the American economy has been growing since 2009. Between 1970 and now, the US has averaged only six years between recessions; the current period of growth crossed the six year mark this spring. We are statistically much closer to the next recession than to the last one, and in a recession, ad dollars are the first to go. Many papers will go bankrupt the way Hemingway’s Mike Campbell did: Gradually, and then suddenly." read more at link above

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Status Quo, New Normal, Broken Model of How the World Works

2014-09-15T00:00:00.000+12:00

It's Not Just Politics That's Broken--The Status Quo's Model of "How the World Works" Is Broken Washington's Blog: "....11. An ever-rising dependence on generating the appearance of stability, transparency, competence and expertise as a substitute for actual stability, transparency, competence and expertise. In other words, an expanding reliance on gaming dysfunctional systems rather than actually repairing dysfunctional systems. 12. An increasing reliance on zero-interest rates, debt and free money for financiers as the “fix” for every economic ill. The Status Quo is dysfunctional because its model of how the world works is broken. It won’t matter if gridlock remains in place or one of the parties gets to impose its “brand” of policy-tweaks; since no one on the political spectrum has any concept that the current model described in these 12 points is broken, fixing the political dysfunction won’t fix the systemic dysfunction...." read more at link above

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New Normal, Slow Growth, Continuous Change

2014-09-08T00:00:00.000+12:00

Hill Times (subscription)
Slow growth doesn't have to be the new normal
Slow growth doesn't have to be the new normal. Boosting the potential growth rate and helping lower-income Canadians should be the top priorities ...

Business 2 Community
Sales Productivity – The Era of the Absence of Change is Over
Business 2 Community
Instead the new normal is more likely to be continuous change – not the absence of change. What does this all means for sales leadership? As any ...

What is the new normal?
Rob Nixon
Now that Uber have turned up in many major cities is free water, mints & cheaper fares the new normal? As far as I can see Amazon invented 'one ...

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Global Chaos, the New Normal

2014-09-01T00:00:00.000+12:00

Is global chaos the new normal? - LA Times: "It's a chaotic world out there. But we'd better get used to it; this may be the new normal. The Middle East is in flames, not only Gaza but Syria, Iraq and Libya as well. Russia is massing troops on the border of Ukraine. Central Africa is a mess, as are Afghanistan and Pakistan. Parts of Mexico and Central America are ruled by criminal gangs and drug cartels. And those are merely the crises big enough to command front-page attention. "This is historically unprecedented," former national security advisor Zbigniew Brzezinski told Foreign Policy magazine recently. "Huge swaths of global territory are dominated by populist unrest, anger and effective loss of state control." The world is becoming more unstable, because power is fragmenting. - Brzezinski's point wasn't merely that disorder is loose in the world; that's happened in earlier periods of war and revolution (think of Europe in the aftermath of World War I, for example). His point was that chaos is breaking out simultaneously in many regions, and that governments are less capable of meeting those challenges than before."

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New Normal Experiment, Innovative Office Space

2014-08-25T00:00:00.000+12:00

More New York Companies Experiment With Innovative Office Space - WSJ: "The wide options under activity-based working also give some employees private space they didn't have. "Quiet people are reminding people that it's not just about collaboration, but concentration," said Elizabeth Burow, director of discovery for design firm HLW International LLP. But eliminating the private office or the private desk isn't for everyone, said Richard Sennett, a sociology professor at New York University and the London School of Economics. "Sometimes having a space you control, which is yours, gives people the feeling of empowerment and it can be good," he said. "But it varies."" (read more at link above)

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Imposter Syndrome, Not Everything Is As It Seems

2014-08-18T00:00:00.000+12:00

apenwarr: ".... I think Impostor Syndrome is valuable. The people with Impostor Syndrome are the people who *aren't* sure that a logical proof of their smartness is sufficient. They're looking around them and finding something wrong, an intuitive sense that around here, logic does not always agree with reality, and the obviously right solution does not lead to obviously happy customers, and it's unsettling because maybe smartness isn't enough, and maybe if we don't feel like we know what we're doing, it's because we don't. Impostor Syndrome is that voice inside you saying that not everything is as it seems, and it could all be lost in a moment. The people with the problem are the people who can't hear that voice." (read more at link above)

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New Normal, Another Bubble

2014-08-11T00:00:00.000+12:00

Believers in the New Normal hold that the Fed and other central banks have an unlimited ability to print money and buy assets, such that they can buy up the majority of markets to keep valuations elevated. I see such linear thinking as dangerously simplistic in a non-linear world, and I make the case that the Fed is far more constrained by the bond and currency markets (recall that all these markets are interconnected) than the New Normal faithful believe: The Fed’s Hobson’s Choice: End QE and Zero-Interest Rates or Destabilize the Dollar and the Treasury Market.(source infra)

The Inevitable Stock Market Reversal: The New Normal Is Just Another Bubble Awaiting a Pop Washington's Blog: "The Big Question: When? Is the New Normal enforceable even as markets reach extremes, or is the faith in the central banks’ power to bend markets to their will just the latest manifestation of hubris? No one knows at the moment, but as this article has shown, there are numerous persuasive reasons to be skeptical of the New Normal faith that markets can only loft higher in a permanent state of low volatility and rising profits." (read more at the link above)

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New Normal, Boomerang Kids, Won’t Leave

2014-08-04T00:00:00.000+12:00

It’s Official: The Boomerang Kids Won’t Leave - NYTimes.com: "Annie Kasinecz has two different ways of explaining why, at age 27, she still lives with her mom. In the first version — the optimistic one — she says that she is doing the sensible thing by living rent-free as she plans her next career move. After graduating from Loyola University Chicago, Kasinecz struggled to support herself in the midst of the recession, working a series of unsatisfying jobs — selling ads at the soon-to-be bankrupt Sun-Times, bagging groceries at Whole Foods, bartending — in order to pay down her student loans. But she inevitably grew frustrated with each job and found herself stuck in one financial mess after another. Now that she’s back in her high-school bedroom, perhaps she can finally focus on her long-term goals...." (read more at link above)

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Fed to Maintain Record Balance Sheet for Years

2014-07-28T00:00:00.000+12:00

Fed Prepares to Maintain Record Balance Sheet for Years - Bloomberg: " . . . Lou Crandall, chief economist at Wrightson ICAP LLC, who has been watching money markets and Fed policy for three decades, compared the importance of the shift in strategy with the Fed’s decision to establish a monopoly on bank-note issuance after its founding in 1913. One reason the Fed may stick with the strategy for a long time: It would provide safe assets that banks need to fulfill stricter requirements for capital and liquidity imposed by regulators since the financial crisis... A large balance sheet with U.S. Treasury and mortgage-backed securities has other benefits for the Fed.It provides “continuing options for impacting long-term interest rates,” Eric Rosengren, president of the Boston Fed, said at a conference this week in Guatemala City. Meyer said the FOMC now doesn’t appear worried about having a big balance sheet, and many officials “prefer to operate at a higher level of reserves.” “There is a preference emerging to say, ‘This works,’” Meyer said. “The question is, do they ever want to get back to normal?”..."

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Wall Street Adjusts to the Trading New Normal

2014-07-21T00:00:00.000+12:00

Wall Street Adjusts to the New Trading Normal - WSJ: "Transaction Volume in May Fell to Its Lowest Level Since Financial Crisis" -- ".... The slowdown in trading comes as investors see little reason to make big changes to their portfolios amid an expanding but unspectacular U.S. economy, lackluster first-quarter earnings reports, and above-average stock valuations as a share of projected company earnings. The decline comes despite six record closes last month on the S&P 500, extending a trading slowdown that started after the financial crisis. Daily average U.S. stock-trading volume last year was down 37% from the peak hit in 2009, Credit Suisse data show....At the Milwaukee stock-trading desk of investment bank Robert W. Baird & Co., Michael Antonelli uses the down time to send market-related tweets or works on posts for his firm's stock-market blog, Bull and Baird. A tweet from Tuesday: "Another completely dead day."...."The worst thing for a trading desk is for it to be slow," he said. "It's a tough job when it's slow because you start to overanalyze everything."..."

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