Yves here. It’s mind-boggling to think that the US is confronting China as a hostile power. We are deeply integrated with them economically, so it’s hard to see how this makes any sense. And it reveals classic American short-sightedness, since by letting them become our preferred vendor (as in exporting US jobs to them), we […]
Saturday, July 4, 2015
An update on where and how tenants are being squeezed by rising rents versus stagnant to low wage growth.
Water Cooler: All Grexit, all the time! Sanders video, Clinton’s Pinterest page, Conflicting stats, F-35 “dead meat,” Apple and the web
So much for that referendum! Just kidding!
The threat to regulation, democracy, and the rule of law posed by investor-state dispute settlement is very real.
Posted by Yves Smith at 6:58 am |
The SEC has (finally) taken action against a major private equity firm, KKR, slapping it with close to $30 million in charges.
Lambert here: This post is a 30,000-foot view of the unfolding Greek crisis, written after the Eurozone finance minister’s meeting at Riga in April, but still good, and republished, today. tl;dr: The opera ain’t over ’til the ECB sings. Ruthlessly oversimplifying one aspect of Harrison’s post, Grexit is “arduous,” because the EU is a Rube […]
Hedge funds, the ultimate “smart money”, are twisting in the wind.
Today’s Water Cooler: TPP globally, Grexit?!?!?, water, IMF paper and the Fed, tomorrow’s “leap second,” early modern print, protest
It’s hard to find an official who is comporting himself very well in the wake of the Tsipras surprise announcement of a referendum on July 5 for a then-defunct bailout offer.
Yves here. This post is elegant in the way it challenges the standard (sloppy) definitions of money. Even if you don’t agree, it will force you to think and articulate why you don’t agree (hopefully in a rigorous manner).
Top Private Equity Reporter: CalPERS is Either Lying or Has “a Massive Breakdown in Financial Controls”
CalPERS is suffering a richly deserved hit to its reputation by virtue being too chummy with private equity general partners and thus neglecting its duties as a fiduciary.
Groundhog Day for NZ FSPs: Bryan Cook of Asia Finance Corporation is a Crook, but Does NZ’s FMA Care?
Why is it Groundhog Day? Back in 2011, I wrote a seriously messy blog post about dodgy New Zealand FSPs (Financial Services Providers), their dodgy web sites and people and addresses, and the evidently nonexistent oversight of all of this by the NZ Ministry of Economic Development and the NZ Companies Office. To my surprise, […]