Wednesday, January 18, 2017

2:00PM Water Cooler 1/12/2017

Today’s Water Cooler: Chamber of Commerce on infrastructure, Pompeo, BernieCrats in CA, jobless claims, Fiat scandal, pre-existing conditions

Philip Pilkington: To What Extent Is Economics an Ideology and to What Extent Is It a Useful Theory?

Why economics is more like phrenology than physics.

Links 1/12/17

“Many Areas of Appalachia and Mississippi Delta Have Lower Life Expectancy Than Bangladesh”

Four Nobel Prize winners agree that rent-seeking is the biggest driver of rising inequality.

More Brexit Delusion: City Issues Wish List That the EU Already Rejected

When you’d thought the British had reached the limits of outlandishness on the Brexit front, they manage to outdo themselves.

How Tillerson Could Jeopardize Geopolitics In Iraq

Rex Tillerson’s deal with the Kurds when he was Exxon CEO undermined the US in Iraq. How would he square this circle if confirmed?

2:00PM Water Cooler 1/11/2017

Today’s Water Cooler: “Golden showers” and shock doctrine, inflation, housing, co-ops, political risk, Tanzanian seeds, lost planet, shrooms

Lessons From the Demise of the TPP

Yves here. This post makes a point at the end in passing about the value of multilateralism, even though the TPP was otherwise a very bad scheme on multiple levels. This serves as a reminder to mention something I’ve neglected to say. Trump’s plan to enter into bi-lateral trade deals (after supposedly tearing up extant […]

Links 1/11/17

Calling Readers! Fight for Corruption-Busting SC Treasurer Curt Loftis As GOP Tries to End His Pension Oversight Role

Pension-corruption-fighter/state Treasurer Curt Loftis is under attack. Urge everyone you know in South Carolina to come to his defense.

Wolf Richter: What’s Going on with the Banks? Citi Cuts Goldman to “Sell,” after Goldman Cut Citi to “Neutral”

Citi and Goldman downgrades suggest the Trump trade may be overdone.

How ’60 Minutes’ Became a Pentagon Mouthpiece for Drone War

Drone warfare as an example of how the military uses overly-cozy news outlets to sell its pet initiatives.

2:00PM Water Cooler 1/10/2016

Today’s Water Cooler: Obama’s legacy, “Russian hacking,” Sessions, Tillerson, Sanders and oligarchy, Brock, small business optimism, Apple

Tom Ferguson: Monetary Policy Can’t Levitate a Broken Economy

How central banks’ policy remedies have taken big steps backwards.

Links 1/10/17