Monthly Archives: July 2015

July 31, 2015

• 2:00PM Water Cooler 7/31/15
  by Lambert Strether 2:00 pm

• More on the Systemic Risk of Bank IT Systems
  by Yves Smith 9:55 am

• Links 7/31/15
  by Yves Smith 6:55 am

• IMF Staff Attempts to Spread Discord Over Greek Bailout to IMF Board
  by Nathan Tankus 6:50 am

• The Ideology of the S&P Threat to Downgrade Brazil to Junk
  by Yves Smith 5:43 am

• Paradise Burning: Why We All Need to Learn the World ‘Anthropogenic’
  by Yves Smith 1:25 am

July 30, 2015

• 2:00PM Water Cooler 7/30/15
  by Lambert Strether 1:59 pm

• Gaius Publius: The Rorschach Candidacy of Hillary Clinton
  by Yves Smith 9:55 am

• Links 7/30/15
  by Yves Smith 6:58 am

• Lies, Damned Lies, and Greek Statistics
  by Yves Smith 6:50 am

• Wolf Richter: Housing Bubble Means American Dream Withers at Record Pace
  by Yves Smith 6:48 am

• John Helmer: Tulip Sanctions – Russia Busts the Dutch Flower Trust, Almost
  by Yves Smith 3:51 am

July 29, 2015

• Mark Ames of Pando Interviews Your Humble Blogger on Greece
  by Yves Smith 7:35 pm

• 2:00PM Water Cooler 7/29/15
  by Lambert Strether 2:00 pm

• How Big Corporations Are Starving Public Schools of Billions of Dollars
  by Yves Smith 9:55 am

• Links 7/29/15
  by Yves Smith 6:55 am

• Private Equity Shills Resort to Ludicrous Arguments to Try to Deflect “Carry Fee” Reporting Scandal
  by Yves Smith 6:45 am

• The Balance of Power in the Middle East Just Changed, U.S.-Iranian Relations Emerge from a 30-Year Cold War
  by Yves Smith 3:22 am

• China’s Stock Market Falling Off a Cliff: Why, and Why Care?
  by Yves Smith 2:10 am

July 28, 2015

• 2:00PM Water Cooler 7/28/15
  by Lambert Strether 2:00 pm

• More on the IT Implications of a Grexit
  by Yves Smith 9:55 am

• Links 7/28/15
  by Yves Smith 6:55 am

• Gaius Publius: One Way to Ease the Worldwide Water Crisis — End Privatization
  by Yves Smith 6:00 am

• Will Hillary Clinton Adopt Hedgie Billionaire John Arnold’s Schemes for Retirement Insecurity?
  by Lambert Strether 4:55 am

• Dodd Frank’s 5th Anniversary Passes, But Should We Celebrate?
  by Yves Smith 2:02 am

July 27, 2015

• 2:00PM Water Cooler 7/27/15
  by Lambert Strether 2:00 pm

• Links 7/27/15
  by Lambert Strether 6:55 am

• Greece Negotiations Already Starting to Look Wobbly
  by Yves Smith 6:52 am

• Debt Miracle: Why the Country that Borrowed the Most Industrialised First
  by Lambert Strether 3:55 am

• The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes
  by Yves Smith 1:57 am

• Joe Firestone: Declarations of Dependence: A New e-Book on the Neoliberal Nation-Subjugating “Trade Deals”
  by Lambert Strether 1:55 am

• The Previous Sole Superpower: From the Opium Wars to the Origin of the Species
  by Yves Smith 1:45 am

• Comparison of Greek and English Version of Kathimerini Scoop on Varoufakis Parallel Currency Plan
  by Yves Smith 12:37 am

July 26, 2015

• Links 7/26/15
  by Lambert Strether 6:55 am

• Greece’s Drachma Drama: Why Planning Is Too Important to be Left to Economists
  by Lambert Strether 6:50 am

• Asset Management and Financial Stability
  by Lambert Strether 1:55 am

July 25, 2015

• Links 7/25/15
  by Yves Smith 6:55 am

• Changing Economic Factors and the Rise in Obesity
  by Yves Smith 4:42 am

• Sharp Pencils vs. Sharp Politics: The 2015 Social Security Trustees Report
  by Yves Smith 3:57 am

July 24, 2015

• 2:00PM Water Cooler 7/24/15
  by Lambert Strether 2:00 pm

• Mathew D. Rose: The Crisis In Europe Has Only Just Begun
  by Yves Smith 9:55 am

• Links 7/24/15
  by Yves Smith 6:55 am

• CalSTRS Doubles Down in Private Equity Carry Fee Reporting Scandal
  by Yves Smith 6:50 am

• Don Quijones: The Mother of All Storms Builds Over Catalonia’s Independence
  by Yves Smith 6:00 am

• Reducing Risk-Taking by Regulating Bonuses: EU vs US Dodd-Frank
  by Yves Smith 3:20 am

July 23, 2015

• 2:00PM Water Cooler 7/23/15
  by Lambert Strether 2:00 pm

• Mario Draghi: The ECB Has No Mandate To Ensure Checks Clear Or Credit Cards Work
  by Nathan Tankus 11:05 am

• State Officials Try to Hide Their Private Equity Oversight Failures by Asking the SEC to Exceed Its Authority
  by Yves Smith 10:20 am

• Calling All Swedish and Sweden-Connected Readers
  by Yves Smith 9:54 am

• Links 7/23/15
  by Yves Smith 6:55 am

• IRS Cracks Down on Private Equity Management Fee Waiver Tax Abuse
  by Yves Smith 6:52 am

• Once Again on the IT Challenges in Converting to the Drachma
  by Yves Smith 3:06 am

• Gaius Publius: Goldman Sachs – Masters of the Eurozone
  by Yves Smith 2:30 am

July 22, 2015

• 2:00PM Water Cooler 7/22/15
  by Lambert Strether 2:00 pm

• Dan Davies: Greek Banks Were Bigger Beneficiaries of the 2010 Bailout Than French and German Banks
  by Yves Smith 11:00 am

• Wolf Richter: Private Equity Scrambles to Buy Primary Care Doctors, “Leverage” Their Patients
  by Yves Smith 9:55 am

• Links 7/22/15
  by Yves Smith 6:55 am

• Ugly Greek Bank Resolutions and Depositor Bail-Ins Coming Soon
  by Yves Smith 5:58 am

• California’s North Coast Wine Industry: How “Sustainable” Is It?
  by Yves Smith 4:27 am

• Social Security: What Would Happen If the Trust Funds Ran Out?
  by Yves Smith 1:13 am

July 21, 2015

• 2:00PM Water Cooler 7/21/15
  by Lambert Strether 1:59 pm

• Quest for a Narrative Representation of Power Relations
  by Lambert Strether 12:35 pm

• Links 7/21/15
  by Yves Smith 6:55 am

• New York Times DealBook Underplays Misconduct By Regulatory Fixer Promontory, Under Investigation by New York Department of Financial Services
  by Yves Smith 6:35 am

• Why Debt Sustains Corruption in Greece and Vice Versa
  by Yves Smith 6:07 am

• Mirabile Dictu! A Public Pension Investor Derides Private Equity Cult of Secrecy
  by Yves Smith 5:10 am

July 20, 2015

• 2:00PM Water Cooler 7/20/15
  by Lambert Strether 2:00 pm

• Gaius Publius: California Drought, the “Bigger Water Crisis” & the Consumer Economy​
  by Yves Smith 9:55 am

• Links 7/20/15
  by Yves Smith 6:55 am

• Private Equity Carry Fee Scandal Spreads to CalSTRS After NC Points Out Connection
  by Yves Smith 6:49 am

• Bank IT, Grexit, and Systemic Risk
  by Yves Smith 6:14 am

• Chovanec: China Destroyed Its Stock Market
  by Yves Smith 2:24 am

July 19, 2015

• Say It With Me: Lagarde Is NOT Threatening To Scuttle Bailout Deal
  by Nathan Tankus 11:25 am

• Links 7/19/15
  by Lambert Strether 6:55 am

• The Failed Project of Europe
  by Lambert Strether 3:55 am

• Please Catch Our Discussion of Greece on Harry Shearer’s Le Show Today
  by Yves Smith 2:37 am

• Perry Mehrling: Flash Crash Explained by HFT
  by Lambert Strether 1:55 am

July 18, 2015

• Links 7/18/15
  by Yves Smith 6:55 am

• Quick Update on Greece, Germany, and the IMF
  by Yves Smith 5:47 am

• Michael Hoexter: Climate Defeatism is as Much a Threat to Human Survival as Climate Denial – Part 1
  by Yves Smith 3:47 am

July 17, 2015

• 2:00PM Water Cooler 7/17/15
  by Lambert Strether 2:00 pm

• Greece and the Missing Banking Union
  by Yves Smith 9:55 am

• Links 7/17/15
  by Yves Smith 6:55 am

• Donald Trump, Presidential Candidate, and the Art of Kayfabe
  by Lambert Strether 6:25 am

• The 3 Most Ludicrous Corporate Arguments Against CEO-Worker Pay Disclosure
  by Yves Smith 5:04 am

• What’s Wrong with Inflation Targeting?
  by Yves Smith 4:28 am

• We Will Discuss Greece on Harry Shearer’s Le Show This Sunday
  by Yves Smith 3:46 am

July 16, 2015

• 2:00PM Water Cooler 7/16/15
  by Lambert Strether 2:00 pm

• Lagarde Distances the IMF From Implications of Leaked Debt Sustainability Report
  by Nathan Tankus 9:55 am

• The Augean Stables – How Corruption Has Amended the Constitution
  by Yves Smith 9:55 am

• Links 7/16/15
  by Yves Smith 6:55 am

• ECB Expected to Continue to Strangle Banks, Not Provide More ELA Funding Today, Despite Greek Parliament Passing Austerity Legislation (Updated: ECB Does Not Provide All of Requested Funding, Attaches New Strings)
  by Yves Smith 6:04 am

• John Helmer: What is the Price of Suppressing the Truth in the Info War Against Russia?
  by Yves Smith 5:16 am

• The History of European Macroeconomics and Exchange Rate Policy
  by Yves Smith 3:21 am

July 15, 2015

• Greek Parliament Passes Bailout Legislation
  by Yves Smith 8:12 pm

• 2:00PM Water Cooler 7/15/15
  by Lambert Strether 2:00 pm

• Health Insurance Prices Take Off: Worker Pay Stagnant
  by Lambert Strether 9:55 am

• Links 7/15/15
  by Yves Smith 6:59 am

• Odds Favor a Greece Deal Failure and Defacto Grexit
  by Yves Smith 6:58 am

• Convert to the Drachma – Piece of Cake. Right…
  by Yves Smith 4:00 am

July 14, 2015

• IMF Throws a Spanner in Proposed Greece Deal, Says Debt Reduction May Not Be Enough
  by Yves Smith 7:12 pm

• 2:00PM Water Cooler 7/14/15
  by Lambert Strether 5:24 pm

• Clinton’s Speech on “The Economy”: Where’s the Beef?
  by Lambert Strether 1:59 pm

• Links 7/14/15
  by Yves Smith 6:59 am

• Greeks Rebel Against Bailout, Risk Collapse
  by Yves Smith 6:54 am

• How Pension Funds, Universities and Endowments Pay for Private Equity Private Jets
  by Yves Smith 6:12 am

• The IMF’s Olivier Blanchard Writes a Greek Tragedy
  by Yves Smith 5:50 am

July 13, 2015

• 2:00PM Water Cooler 7/13/15
  by Lambert Strether 2:00 pm

• The Awful Press Coverage of Lew and Lagarde That Fueled Delusion Wednesday
  by Nathan Tankus 1:15 pm

• Links 7/13/15
  by Lambert Strether 6:55 am

• Tentative Deal Strips Greece of Sovereignty, Makes Debt Relief Dependent on Compliance
  by Yves Smith 6:54 am

• California State Treasurer Takes Up CalPERS Private Equity Carry Fee Reporting Lapse After NC Readers Press Him
  by Yves Smith 4:22 am

• “Greece Brought a Latte to a Gunfight”
  by Yves Smith 12:25 am

July 12, 2015

• Greece Has Made No Preparation for a Grexit
  by Yves Smith 4:57 pm

• Links 7/12/15
  by Lambert Strether 6:55 am

• A Grexit Looks Almost Inescapable
  by Yves Smith 5:26 am

• Greece Should Beware of Merchant Services Providers Bearing DDCs
  by Lambert Strether 3:55 am

• Perry Mehrling: China’s Rocky Road Ahead, Financial Liberalization versus Financial Stability
  by Lambert Strether 1:55 am

July 11, 2015

• Links 7/11/15
  by Yves Smith 6:55 am

• Bill Black: LIBOR – History’s Largest Financial Crime that the WSJ and NYT Would Like You to Forget
  by Yves Smith 4:27 am

• The Greek Last-Chance Proposal: Stepping Backwards to Move Forward?
  by Yves Smith 4:17 am

July 10, 2015

• 2:00PM Water Cooler 7/10/15
  by Lambert Strether 2:00 pm

• Links 7/10/15
  by Yves Smith 6:59 am

• “Tsipras Has Just Destroyed Greece”
  by Yves Smith 5:45 am

• Gaius Publius: The Clinton Campaign Notices the Sanders Campaign, or How to Read the Media
  by Yves Smith 5:37 am

• Dirty Energy vs. Clean Power, The Past Battles the Future at Seneca Lake
  by Yves Smith 2:48 am

July 9, 2015

• 2:00PM Water Cooler 7/9/15
  by Lambert Strether 2:00 pm

• Who Benefits? – Rising Generic Drug Prices and the Case of Mylan’s Conflicted Property Purchases
  by Yves Smith 9:55 am

• Links 7/9/15
  by Yves Smith 6:55 am

• Wolf Richter: Microsoft Tallies the True Costs of the M&A Boom: Layoffs, Write-Offs, Shut-Downs, and Economic Decline
  by Yves Smith 5:04 am

• Announcing Site Policy Change
  by Yves Smith 4:01 am

• Grexit: Your Humble Guest Writer Talks to YSI INET
  by Nathan Tankus 1:55 am

July 8, 2015

• 2:00PM Water Cooler 7/8/15
  by Lambert Strether 1:58 pm

• Why Growth in Finance is a Drag on the Real Economy
  by Yves Smith 9:55 am

• Links 7/8/15
  by Yves Smith 6:59 am

• Greece Told to Submit Proposal By Thursday, Complete Deal By Sunday, or ECB Shoots Its Banks and Forces Grexit (Updated: Greece Requests Three Year Bailout)
  by Yves Smith 6:58 am

• Chinese Stock Market Rout Continues; Trading Halted in Over Half of Listed Stocks
  by Yves Smith 2:57 am

July 7, 2015

• Ambrose Evans-Pritchard: Tsipras Never Wanted to Win Referendum, is “Trapped” and “Depressed,” Syriza in “Turmoil” (Updated)
  by Yves Smith 7:37 pm

• 2:00PM Water Cooler 7/7/15
  by Lambert Strether 1:59 pm

• How Recessions Crush Certain Geographic Areas: Puerto Rico as a Case Study.
  by Nathan Tankus 9:55 am

• Links 7/7/15
  by Yves Smith 6:55 am

• GREECE’D: We Voted ‘No’ to Slavery, but ‘Yes’ to Our Chains
  by Yves Smith 6:45 am

• Obama in Retreat Thanks to Elizabeth Warren-Led Opposition to Plan to Appoint Another Corporate Stooge as SEC Commissioner
  by Yves Smith 6:14 am

• Military Spending Could Give Big Boost to Renewable Energy
  by Yves Smith 5:55 am

July 6, 2015

• 2:00PM Water Cooler 7/6/15
  by Lambert Strether 1:59 pm

• De-Industrialisation, ‘New Speenhamland’ and Neo-Liberalism: Government Subsidies to Low Wage Employers
  by Yves Smith 9:55 am

• Links 7/6/15
  by Yves Smith 6:58 am

• Will the ECB Continue Its “Sherman’s March to the Sea” with the Greek Economy?
  by Yves Smith 6:53 am

• Nuland’s Nemesis: Will Greece Be Destroyed to Save Her From Russia, Like Ukraine?
  by Yves Smith 6:50 am

• The Times’ Condescending Attitude Toward Bernie Sanders
  by Yves Smith 5:02 am

July 5, 2015

• Links 7/5/15
  by Yves Smith 6:55 am

• Why the Greek Government Rejects a Grexit
  by Yves Smith 6:46 am

• The Card System, Demystified, and Implications for Re-Introducing Drachma
  by Yves Smith 3:14 am

• Don Quijones: Wikileaks Exposes How TISA Will Gut Financial Regulations All Over the World
  by Yves Smith 12:29 am

July 4, 2015

• Links 7/4/15
  by Yves Smith 6:55 am

• Why Don’t Americans Take More Vacations? Blame It on Independence Day
  by Yves Smith 5:37 am

• Old Economic Thinking is the Problem, Says BIS
  by Yves Smith 5:26 am

July 3, 2015

• 2:00PM Water Cooler 7/3/15
  by Lambert Strether 2:00 pm

• Links 7/3/15
  by Yves Smith 6:59 am

• Sacramento Bee Reports on CalPERS’ Fee Lapses
  by Yves Smith 6:38 am

• Proof that Fraud is the Biggest Business in America
  by Yves Smith 3:13 am

July 2, 2015

• Elizabeth Warren Reams Private Accreditor Who Certified Corinthian College Up to Its End
  by Yves Smith 2:41 pm

• 2:00PM Water Cooler 7/2/15
  by Lambert Strether 1:59 pm

• The Washington Consensus and Long-Term Austerity in Latin America
  by Yves Smith 9:55 am

• Links 7/2/15
  by Yves Smith 6:55 am

• CalPERS Scrambles to Get Private Equity Carry Fee Info After We Break Story That They Had No Clue What They Were Paying
  by Yves Smith 6:25 am

• Bill Clinton, Paid to Speak to Biotech Conference, Extolled $1000 Pill to Prevent “Liver Rot,” Despite Lack of Evidence that It Does
  by Yves Smith 5:44 am

• Oil Faces Steep Downside Risk From China’s Stock Market
  by Yves Smith 4:04 am

July 1, 2015

• 2:00PM Water Cooler 7/1/15
  by Lambert Strether 2:00 pm

• Tsipras Accepts Most Creditor Terms as Merkel Insists on Referendum
  by Yves Smith 11:05 am

• The Decisions of July: The European Elite Goes to War in 1914
  by Lambert Strether 10:42 am

• Links 7/1/15
  by Yves Smith 6:59 am

• Michael Klare: Russia v. China – Washington Debates Who Should Be Public Enemy Number One
  by Yves Smith 6:21 am

• Affordable Housing Crisis Grows Across the Country as Apartment Rents Skyrocket
  by Yves Smith 3:39 am