Thursday, August 27, 2015

Does a Strong Dollar Hurt Emerging Markets?

Conventional wisdom has it that strengthening dollar hurts emerging markets via a sudden exodus of host money. A new study argues that real economy forces are a bigger driver, specifically lower commodity prices.

Links 8/16/15


Climate Change: Have We Reached the Point of No Return?

This Real News Network segment provides a sobering assessment of the speed of climate change and species die-offs.

Judges Nixing Keystone XL South Cases Had Tar Sands-Related Oil Investments

Lambert here: As ever, the scandal is what’s legal. Ka-ching. By Steve Horn, a Madison, WI-based Research Fellow for DeSmogBlog and a freelance investigative journalist. He previously was a reporter and researcher at the Center for Media and Democracy. Originally published at DeSmogBlog. On August 4, the U.S. Appeals Court for the 10th Circuit shot […]

Links 8/15/15

badger links

A Pragmatic Approach to External Debt: The Write-Down of Germany’s Debts in 1953

Greece’s crisis has invited comparisons to the 1953 London Debt Agreement, which ended a long period of German default on external debt. Unfortunately for Greece, the motivations driving the 1953 agreement are nearly entirely absent today.

Perry Mehrling: The Fuss about Market Liquidity

I am SO glad to see this post appear. It’s annoying to see investors and banksters whine that they want more liquidity, as if that were a right.

2:00PM Water Cooler 8/14/15

Today’s Water Cooler: Clinton’s server, Sanders field operation, labor market, Katrina and Chicago, honey bees, Washington Generals’ demise

“@ Hillary Clinton: How does your student loan debt make you feel? Tell us in 3 emojis or less.”

The above tweet is real and is from Hillary Clinton’s official twitter account. It is very difficult to express how appalling this sentiment is. It represents much of what’s wrong with American politics in our current moment.

Links 8/14/15

bling octopus links

You Don’t Need to Hire Rapacious Private Equity Firms to Get Their Returns

A new paper by Brian Chingono and Dan Rasmussen shows how to beat the average private equity fund’s return by a solid margin.

Don Quijones: Spain Hit by Trade Suits, a Bitter Foretaste of TTIP

Spain has been hit by 19 trade suits over renewable energy subsidies alone. More would come if the TTIP become law.

Is the Local Economy the Solution to a Post-Capitalist World?

Relocalization has the potential to increase political accountability and revitalize communities. But how do you make it happen?

2:00PM Water Cooler 8/13/15

Today’s Water Cooler: Clinton email saga, the Fed and liftoff, Oath Keepers, Seymour Hersh, Tianjin explosion, doodling, adult kick scooters

Greek Debt Sustainability: The Devil is in the Tails

The debate over Greek debt sustainability is muddied by the fact that different analysts use different definitions. But once you use realistic assumptions, as in “tails risks” are actually pretty likely, Greek debt is obviously not “sustainable”.