Friday, August 28, 2015

2:00PM Water Cooler 8/28/15

Today’s Water Cooler: 2016 and ka-ching, the Fed and Jackson Hole, Mr. Market afterburn, Emmett Till, Terry Pratchett, little libraries

CEOs Call for Wage Increases for Workers to Address Inequality! What’s the Catch?

It is beginning to dawn on the top echelon that too much inequality is not good for them.

Links 8/28/15

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More on Why Bank IT and Payment Systems Matter

The IT challenges of a Grexit are important not only in and of themselves, but as a window into the creaky state of bank IT and the systemic risk it poses.

Don Quijones: Mexican Gourmet Chefs Sharpen Knives in Monsanto GMO War

GMOs have had a hard time in Mexico.

Governance Matters

This post illustrates how dominant the neoliberal paradigm has become all over the world, and how it fails to acknowledge, much the less address, the well-known failings of markets, such as externalities.

2:00PM Water Cooler 8/27/15

Today’s Water Cooler: Clinton on guns, Trump on third party, Sanders on scaling, GDP revision, epigenetic change, tsundoku (unread books)

Conflict Over Water In Central Asia

Expect water wars to become more common and deadly.

Links 8/27/15

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Currency Depreciations Don’t Boost Exports as Much as They Used To

A new study has important implications for IMF policies as well as for Greece, both “reformers” and those who advocate a Grexit.

Household Labor, Caring Labor, Unpaid Labor

A discussion of the practical and policy implications of failing to measure household labor and production.

Real Household Net Worth: Look Out Below?

Even with the wild end-of-day rally yesterday, Steve Roth describes how absent a strong continuation of the snapback, real household net worth is likely to show a year-to-year fall by the end of September. And that’s not a good sign at all.

2:00PM Water Cooler 8/26/15

Today’s Water Cooler: Mr. Market calmer, for now, Trump blocking and tackling, Biden boomlet, ObamaCare networks, Linux bday, origin of life

Wolf Richter: Americans’ Economic Outlook Plunges

The latest poll of Americans’ economic outlook shows most expect things to get worse…and the survey was before the market rout started last Friday.

Links 8/26/15

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