Sunday, November 18, 2018

IMF, Warren Sound Alarm on Leveraged Lending

Concerns are building over the extent of leveraged lending, among regulators and politicians and the private sector alike. Some, such as Sen. Elizabeth Warren see troubling signs that recall risks that triggered the Great Financial Crisis.

IMF Pushes Neoliberal Policies in Latin America

The IMF is back again, flexing its muscle in Argentina and Mexico, pushing the neoliberal Washington Consensus, says Vijay Prashad in this Real News Network interview.

Hope to See You At Our Birmingham Meetup This Monday, November 19

Hope you can join our Birmingham meetup!

Links 11/17/18

Labour MPs Should Vote Against Theresa May’s Brexit Deal. It Is a Poison Pill

Labour wants to play a game of chicken with May over Brexit.

How Trump’s Game of Chicken With Iran Could Weaken the Dollar’s Role as the World’s Currency

Politicizing the SWIFT payments system is leading other nations to the search for alternatives to the dollar.

A Naked Capitalism Win: No More Poop in the Loop

How a reader documenting a horse dump problem in Chicago’s Loop led to a clean-up.

2:00PM Water Cooler 11/16/2018

By Lambert Strether of Corrente. Readers, sorry for the “late” post. My habit is to set my clock a little ahead, as a lash and a spur to actually press the submit button by deadline, but the Mac’s latest OS seems to get huffy if my time is set “incorrectly,” and so I accidentally reset […]

When the Middle Class Lost Its Wealth

Until 2008, rising home values gave the middle class a cushion amid growing income inequality. But following the financial crisis, that wealth has failed to return.

Links 11/16/18

Everything You Thought You Knew About Western Civilization Is Wrong: A Review of Michael Hudson’s New Book, And Forgive Them Their Debts

Why debt unforgiveness is the original and incurable curse on our post-eighth-century-B.C. Western Civilization,

Gaius Publius: Amazon Rips Off 238 Cities, States and Provinces, Then Builds in NYC and DC

More evidence that Amazon is nasty.

CalPERS Abandons One Part of Private Equity Scheme, Lies About the Rest, but Addled Business Press Continues to Get the Story Wrong

CalPERS is flailing about with its private equity “new business model.”

Reminder: Birmingham Meetup for Monday, November 19

Hope to see you folks in the Birmingham area next week at our meetup.

2:00PM Water Cooler 11/15/2018

Today’s Water Cooler: Greens, Congressional Black Caucus, ME-02, suburban Democrats, fascism, retail sales, manufacturing, import and export, inventories, Amazon, Blue Apron, Uber, Goldman, Royal Bank of Scotland, PG&E, American music, asphalt