Monday, July 25, 2016

2:00PM Water Cooler 7/25/2016

By Lambert Strether of Corrente. TPP/TTIP/TISA Kaine on TPP (1): “A Clinton aide confirmed to CBS News that Kaine had made a private commitment to Clinton that he would now oppose TPP, falling in line with the former secretary of state’s declared view on the trade deal” [CBS] A “private commitment. ” Oh, OK. Kaine […]

How Much Do Shady Financial Practices Cost You, Exactly?

The average U.S. household loses over $100,000 to destructives activities of bankers and financiers

Links 7/25/16

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How the ECB is Officially Above the Law

If you think the US has trouble holding the Fed to account, we are in light years better shape than Eurozone citizens are with the ECB.

Back in Work, Still Out of Pocket: Labor Market Recovery Since the Great Recession

The labour market recovery in OECD countries has been steady but slow since the Great Recession. More worrying is the fate of wage growth over the same period. This column assesses the implications of stagnation in the labour market for growth, wages, and inequality. It finds that structural weaknesses in labour market performance have become more visible as markets recover from the Great Recession. The policy response must include macroeconomic policies aimed at strengthening investment, and structural policies to support growth while nudging workers towards higher-skilled jobs.

New Zealand Offshore Company Agents: Mossack Fonseca is Far From Alone

The global footprint of agents selling NZ companies and trusts

Links 7/24/16

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Michael Hudson: 2016 Is Wall Street and the Corporate Sector (Clinton) vs. the Populists (Trump)

Considerations on Trump’s acceptance speech.

Will Independents Decide 2016 by Giving the Political Class Their Upraised Middle Fingers?

Surprising polling results for the 2016 election, especially among independent voters.

Links 7/23/16

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Announcing Reader Meetups: Friday August 5 in New York City, Sunday August 14 in San Francisco

This has been an insanely busy year, both from a news perspective and a tearing-of-hair-and-rending-of-garments-behind-scenes perspective. So I hope readers in New York City and San Francisco can meet with me for a drink in August. For those of you new to the site, meetups are very informal. We hold them in public venues, aka […]

TaxCast on Panama Papers and Brexit

The latest Tax Justice network podcast covers some hot topics, including key journalist accounts on the Panama Papers.

Study: Top Bank Execs Saw the Crisis Coming and Sold Their Company’s Shares

So much for the “whcouddanode” theory of the crisis.

2:00PM Water Cooler 7/22/2016

Today’s Water Cooler: TPP and Brexit, all Trump, all the time, Musk’s plan, natural interest rate, crapification, political risk, Pokemon

The Immorality and Brutal Violence of Extreme Greed

Yves here. Please welcome guest blogger #SlayTheSmaugs. For those of you who have neither read The Hobbit nor seen the movies, “Smaug” is probably a meaningless word. In The Hobbit, Smaug is a massive and vicious dragon. He sits on a pile of gold and jewels that would bury a football stadium’s grass several feet […]