Yves here. It is not hard to imagine that the position taken by Ohio officials regarding what sure looks like fracking-induced damage to water supplies is being replicated in other states.
- Links 12/19/13 - 12/19/2013 - Yves Smith
- As Many Uninsured Oppose Obamacare as Favor It - 12/19/2013 - Yves Smith
- Banks Start Volcker Rule Blame Game - 12/19/2013 - Yves Smith
- Tapering Talk: The Impact of Expectations of Reduced Federal Reserve Security Purchases on Emerging Markets - 12/19/2013 - Yves Smith
- Michael Hudson: Trade Advantage Replaced by Rent Extraction - 12/19/2013 - Yves Smith
Thursday, December 19, 2013
Eric Ben-Artzi: How Risky is Citigroup’s New, Improved Version of a Once-Toxic Type of Synthetic CDO?
We are all still paying the price for the stream of ever more leveraged credit derivatives that fueled the world’s greatest credit bubble. It appears that some of these are attempting a comeback.
Last week, I was reading parts of a report issued by Japanese investment bank Nomura, which started out saying that the “Global Financial Crisis” is over. If I lay out a statement like that side by side with a lot of other things I see, I can only conclude that Nomura doesn’t reside in the same universe I do.
Posted by Yves Smith at 4:35 am |
Wow, the gloves are finally coming off.
Yves here. This post gives a good recap of where QE is and isn’t having an impact on the economy, and the “isn’t”s clearly prevail.
Now that the consumer front end of Healthcare.gov seems to be under control (the insurer interface is another matter), public attention is now shifting to the ultimately more important question of what benefits patients receive, and at what cost.
New Zealand’s Latest Dodgy Export: Why FX Investors Should be Wary of Software Sold by Irish Company Paymark Autotrader
A dubious FX trading software operation closes down in New Zealand and sets up shop in Ireland.
Yup … They’re Going to Dump It
Topics: Guest Post
Posted by George Washington at 5:43 pm |
Posted by Yves Smith at 4:53 am |
orporate executives love to peddle the notion that they need to have their low tax payments reduced even further, even as the share of GDP represented by company profits is at unprecedentedly high levels.
Yves here. In an interview with Edward Geelhoed, Varoufakis gives an urgent, sobering picture of the conditions in Greece, which contrasts dramatically with the claims made by Eurozone politicians.
Yves here. Das continues his discussion of the impact of the erosion of trust (see here for Part I). Here he focuses on the political impact on international dealings and national politics.
The idea of the market as ‘information aggregator’ is, like many ideas, probably as old as humanity itself, but Friedrich Hayek is usually credited with popularising the idea in his 1945 article “The Use of Knowledge in Society”.
Posted by Yves Smith at 6:54 am |