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Nov 15th 2012, 17:05 by Economist.com
BUSINESS people around the world are less glum than they were three months ago, according to a quarterly Economist/FT survey of over 1,500 executives, conducted by the Economist Intelligence Unit. The balance of respondents who think the global economy will get better over those who think it will worsen rose from minus 25 percentage points in July to minus 11 in October. Sentiment improved in all regions except eastern Europe, but only in the Middle East and Africa have executives become bullish. Those in the chemicals industry and consumer goods are especially gloomy. On the euro, 55% of respondents think the currency union will stick together, while 29% say Greece will leave. As for the future of fashion, 46% of those asked reckon the necktie will be worn less frequently next year.
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The Game Theory.
....................................
Wonder what the effect of the availability of porno has on the outlook of economies? What used to require the making of a home with amenities in order to have approved sex has gone way into the trash pile. Few care beyond a shirt and access to drugs and or belong to a paramilitary group or a gang as mating quality anymore.
As a result of such lowered expectations demand for grooming and housing must be way down.
I remember back in the 1960s a school kid with only one parent was by far an exceptional child. Things are exactly backwards now. A kid with an original set of parents is the anomaly.
Where did these lowered expectations come from? I point at "The Scarlet Letter." Which exalted heroic struggle and sexual casualness or casual sexiness as the ultimate goal in life.
Maybe it isn't the problem. Hell even priests don't give a damn anymore. The paradigm change seems to be stumbling block.
Hard to plan for a family oriented marketplace when that which defines "family" seems to have taken on new shapes and colors.
From 1776 (The Wealth of Nations) to 1976 (end of Viet Nam War approx.) 200 years is all it took for us to go from Industrial Revolution and bible authority to Communication Explosion and Huffy Post Authority (juvenile debate team logic authority).
The public at large seems to have been led by the nose to fight and die for a fabricated glory. Damn I hope I'm wrong.
Fabric: often made of cotton. Virtue: Now, often fabricated. Economy: the fabrication of virtual jobs so as to provide the Sovereign class with a large tax base.
A classic case of growing old and complaining about those "damn kids these days and their new fangled gizmos". I fight it everyday. If you need cheering up, the internet and resulting access to information is the greatest tool of all time. The free flow of ideas between people's of all persuasions will ultimately advance our species. There are more important things in life than intranscient belief systems (religion, culture). Take Care!
Your comment would have been a lot shorter if you just wrote, "Get off my lawn!"
wow, think a little in the jump of productivity of the little nerd guys, they couldn´t get sex, but now with porn they are happy and create things like the websites, chat, paypal and that sort of thing that creates economic grow.
get cool bro'
Maybe if you at least read about Joseph Schumpeter; who advised, that a good economy does not create a good society, you would understand yourself. Get reading bor.
How embarrassing: I agree with you and Whackamole!
Even if ridiculous and anti-European decissions which are directed to destroy European companies like the stupid Viviane Reading´t ideas, will only harm our competitiveness.
Viviane Reding herself was part of the quota, because it is difficult to understand how a woman so idiot and harmful to European interests reached such a high position in the European Comission. She was included just to fill the quota.
Viviane Reading has done a lot of good in correcting a lot of previously wrong things in Europe. Most notably the roaming.
Following her ideas, she seems to have good ones in general.
I do however totally disagree with quoting women into positions.
And curious that now more people is optimistic about improving business conditions in Western €urope than in North America or Latin America...
Think of the base - much of Europe is far below potential, and has enormous room for growth. And there are plenty of fast growing industries & businesses in the mix.
While Europe has already suffered most of its fiscal correction (the biggest drag on growth in the past two years), the US is just about to start with austerity & tax rises. In the next couple of months if consensus forms that fiscal cliff will happen (or mostly happen), American business sentiment is likely to deteriorate sharply.
It´s natural.Once you´ve reached the bottom the only way out is up.
Hi Shaun.This has nothing to do with the Daily Chart but...A few days ago we were exploring the subject of how to measure Presidential performance in the USA, and I crunched a few very interesting numbers on real pci change under each administration, and I thought "Shaun could find this relevant".Let´s see if perceptions from a Scotish/EU perspective match the numbers.
the link:
http://www.economist.com/blogs/democracyinamerica/2012/10/presidential-r... October 31st, 23:11
Change in pci in each administration:
NIXON: Increased by 22%
(includes last two years by Ford because numbers and trends did not change, even the 1973 oil shock had very minor impact in pci)
CARTER: Increased by 7%
(he only served 4 years, thus 14% if you want to compare to two-termers)
REAGAN: Increased by 18%
BUSH Sr.: DECREASED by 2.3%
(That´s -4.6% on two term basis)
CLINTON: Increased by 25%
BUSH Jr.: DECREASED by 3.5%
OBAMA: DECREASED by 2.2%
(That´s -4.4% on two term basis)
PRESIDENT- Lowest 20% income earners, 2nd 20%, 3rd, 4th, Top 5th earners...(Top 5% highest incomes)
(%INCREASE UNDER HIS WATCH)
NIXON +25 +13 +18 +23 +25 ...( +24)
CARTER + 4 + 6 + 5 + 7 + 8 ...( + 6)
REAGAN + 6 +11 +12 +15 +24 ...(+31)
BUSH Sr. - 2 - 4 - 3 - 2 - 1 ...(- 0.7)
CLINTON +18 +18 +17 +18 +32 ... (+48)
BUSH Jr. - 8 - 6 - 4 - 2 - 3 ...( -6)
OBAMA - 8 - 4 - 5 - 3 nil ...(+ 1.4)
The last time the poor fared as well as the rich in America was under Nixon.The quintile distribution is astounding, particularly in the Reagan years,as surprising as people wanting Jeb Bush to run after the performance of Bush Sr. and Jr.Obama is a Democrat in name only.
Not a single member state will leave the €uro, not even Greece...In fact, during the next decade five new member states will join the €urozone.
Which five do you think it will be?
Currently, 8 countries said they would like - sooner, but most of the time later - to integrate the EZ :
Sweden, Poland, Hungary, Bulgaria, CZ-Republic, Lettonia, Lithuania and Romania..
There are still 8 member states of the European Union which signed the obligation to join the €uro. Only the U.K. and Denmark have an opt-out clause, and don´t have the obligation to join (even if Denmark´s currency is pegged to the €uro)
LATVIA
LITHUANIA
POLAND
CROATIA
DENMARK
ROMANIA
HUNGARY
After 2022, BULGARIA, SWEDEN and the CZECH REPUBLIC
Those are the countries commited to join the €urozone + Denmark which currency has been always pegged to the €uro.
Note to The Economist: it seems as if the bottom of your chart has been cut off.