Monday, July 25, 2016

Private Equity Industry Offers Intelligence-Insulting Defenses for Long-Standing Grifting Due to Refusal to Register as Broker-Dealers

Private equity firms insist that they continue to violate broker-dealer requirements. Why? So they can carry on looting.

Links 7/14/16

a9652-leaf-cut-bee-26jun16 links

How Private Credit Rating Agencies Reinforce Global Economic Instability—and What We Can Do About It

A look at a fundamental point of failure in our financial system, rating agencies, and potential remedies.

Financial Times Picks Up on Irish Growth Blarney Story…. That We Reported Months Ago

Irish growth is even phonier than the media would have you believe.

IEA: Gasoline Glut Could Cause Oil Price Rout

More confirmation of inventory overhang in gasoline.

2:00PM Water Cooler 7/13/2016

Today’s Water Cooler: TPP on the Hill, Trump and Clinton neck and neck, Stein on heartbreak, tax revenue, warehouses, too poor to shop, Juno

Gluttony and Sloth

Sloth, as in lower levels of physical activity, are a much bigger contributor to population-wide gains in weight levels than caloric intake.

Links 7/13/16

bear links

Gaius Publius: Picking Up James Comey’s Pieces — What He Did, What He Should Have Done & Why

On the logic, such as it was, of FBI chief James Comey’s decision to let Hillary Clinton off the hook for her e-mail chicanery.

OC Register: CalPERS Expected to Show Multi-Billion Loss for Fiscal Year Ended June 30, 2016

CalPERS at best laid a big goose egg for its 2015-2016 results. It remains in denial about its return prospects, to the detriment of beneficiaries and taxpayers.

Louis Proyect: Rooting for the Bulls

Bullfighting and the running of the bulls as symbols of Spain’s feudal past, and why they persist.

2:00PM Water Cooler 7/14/2016

Today’s Water Cooler: TPP on the Hill, Sanders endorses Clinton, Veep picks, supply chain, political risk, class warfare, new dwarf planet

Meet the Middle Precariat

The rise of the “middle precariat” is another sign of how badly pay levels and workplace protections have eroded.

Links 7/12/16

pretty birds links

Congress Exposes That DoJ Overruled Recommendation to Indict Money Launderer HSBC Over Too Big to Fail Worries

Why money-launderer HSBC got off so easy in 2012: it had lots of official help.