Category Archives: Hedge funds

Elon Musk and Tesla Shape America’s Future. But Problems Run Deeper Than Tweets.

The financialization of U.S. firms making key products endangers American global leadership and, in Tesla’s case, climate change progress.

How Responsible Is the Rental Housing Cartel for the Explosion in Homelessness?

Since collusion in pricing and vacancy hit critical mass in 2016, homelessness has soared.

Kentucky Retirement Systems Plaintiffs Seek Repayment from KKR Entities of Misappropriated $137 Million Plus Interest and Punitive Damages, Totaling $771 Million….Oh, and An Accounting Too

The Tier 3 Plaintiffs in the long-running public pension case, Kentucky Retirement Systems, are fast off their marks with a blockbuster filing.

Game Finally On! Judge Denies Key Motions to Dismiss in Kentucky Retirement Systems Litigation, Subjecting KKR, Blackstone, PAAMCO, and Top Financiers Henry Kravis, George Roberts, Steve Schwarzman, and Tomlinson Hill to Discovery

The much-delayed Kentucky Retirement System cases are finally moving forward, causing heartburn to some top names on Wall Street.

Michael Hudson: Higher Education Crapification – The New School Case Study

How the education part of higher education has become an afterthought.

We Deserve Medicare for All, But What We Get Is Medicare for Wall Street

An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.

“Should CalPERS Fire Everyone and Just Buy Some ETFs?”

Another well-substantiated critique of CalPERS’ investment performance.

Beware Climate Finance Charade

Finance has increased, not reduced, greenhouse gas emissions. Yet the industry is bizarrely touted as part of the solution.

Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich

In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.

Oil Prices, Oil Profits, Speculation, and Inflation

n the not inconsiderable role of speculation in the crude oil market in the increase in the WTI crude oil price.

Crash Landing? Part 2 – The Usual Suspects

What parts of the financial system are most vulnerable to a crash?

Meatpacking. Healthcare. Housing Rentals. Industries Across the Board Using Tech to Fix Wages and Prices

DOJ says it’s going to crack down as lawsuits pile up against real estate Goliaths and US officially becomes a “rent-burdened nation.”

How Wall Street Takeover of Rental Market Is Fueling the Homelessness Crisis

New lawsuits allege mega landlords are colluding to keep rents high and units vacant while also embracing surveillance tech to evict tenants.

Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense

Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)

The Only Crypto Story You Need? A Response to Matt Levine’s The Crypto Story

A wide-ranging discussion of why defenses of crypto don’t stand up to scrutiny.