Monthly Archives: July 2016

July 31, 2016

• Links 7/31/16
  by Lambert Strether 6:55 am

• Did Germany Just Blink?
  by Yves Smith 6:20 am

• Italian Bank Failures Could Disintegrate the EU
  by Yves Smith 6:15 am

• Confirming NYC Meetup This Friday, August 5
  by Yves Smith 5:25 am

July 30, 2016

• Links 7/30/16
  by Yves Smith 6:55 am

• How ‘Competitiveness’ Became One of the Great Unquestioned Virtues of Contemporary Culture
  by Yves Smith 5:30 am

• Video: Guide to Legal Tax Evasion (With #iPhone7Boycott)
  by Yves Smith 4:49 am

July 29, 2016

• 2:00PM Water Cooler 7/29/2016
  by Lambert Strether 2:00 pm

• Contradictions at the Kitchen Table: Sanders, Obama, and Clinton at the Democratic National Convention
  by Lambert Strether 1:15 pm

• Links 7/29/16
  by Yves Smith 6:55 am

• How Executives Can Personally Profit from Bad Corporate Behavior in Health Care
  by Yves Smith 6:15 am

• Wolf Richter: US Homeownership at Lowest Level in Over 50 Years
  by Yves Smith 5:00 am

• Michael Hudson: Obama Said Hillary Will Continue His Legacy – and Indeed She Will!
  by Yves Smith 4:29 am

July 28, 2016

• 2:00PM Water Cooler 7/28/2016
  by Lambert Strether 2:00 pm

• Do “Unconventional” Monetary Policies Work?
  by Yves Smith 9:55 am

• Links 7/28/16
  by Yves Smith 6:59 am

• EU Gives UK a Brexit Poke in the Eye by Appointing Michel Barnier, Nemesis of the City, as Key Negotiator
  by Yves Smith 6:58 am

• Hoisted from Comments: Can We Even Know Who Hacked the DNC Emails?
  by Lambert Strether 3:25 am

• Oil Industry About To Be Burned Again By Fall In Oil Prices
  by Yves Smith 2:48 am

July 27, 2016

• 2:00PM Water Cooler 7/27/2016
  by Lambert Strether 2:00 pm

• Clinton, Sanders, the American Principle of Association (and Fascism)
  by Lambert Strether 12:25 pm

• Italy Bank Crisis Looming With Rush to Rescue #3 Bank, Monte dei Paschi
  by Yves Smith 7:50 am

• Links 7/27/16
  by Yves Smith 6:55 am

• John Helmer: The New Byzantine Alliance – Will Russia and Turkey Revolutionize the Center of the Old World?
  by Yves Smith 6:44 am

• Harry Markopolos Scores Again: State Street Settles for $382 Million on Foreign Exchange Fraud
  by Yves Smith 6:41 am

• NSA Whistleblower: Not So Fast On Claims Russia Behind DNC Email Hack
  by Yves Smith 3:35 am

July 26, 2016

• 2:00PM Water Cooler 7/26/2016
  by Lambert Strether 2:00 pm

• Links 7/26/16
  by Yves Smith 6:55 am

• California Treasurer John Chiang’s Peculiar Letter to the New York Times on His Sham Private Equity Transparency Bill
  by Yves Smith 2:11 am

• Meet CalPERS Board Member Bill Slaton, Who Puts Kow-Towing to Private Equity Over Beneficiaries and California Taxpayers
  by Yves Smith 2:05 am

July 25, 2016

• Monday Scenes from the Democratic Convention (through 7:10 pm EDT)
  by #SlayTheSmaugs 7:12 pm

• 2:00PM Water Cooler 7/25/2016
  by Lambert Strether 2:00 pm

• How Much Do Shady Financial Practices Cost You, Exactly?
  by Yves Smith 9:55 am

• Links 7/25/16
  by Lambert Strether 6:59 am

• How the ECB is Officially Above the Law
  by Yves Smith 4:01 am

• Back in Work, Still Out of Pocket: Labor Market Recovery Since the Great Recession
  by Lambert Strether 2:25 am

• New Zealand Offshore Company Agents: Mossack Fonseca is Far From Alone
  by Richard Smith 2:14 am

July 24, 2016

• Links 7/24/16
  by Lambert Strether 6:55 am

• Michael Hudson: 2016 Is Wall Street and the Corporate Sector (Clinton) vs. the Populists (Trump)
  by Lambert Strether 3:55 am

• Will Independents Decide 2016 by Giving the Political Class Their Upraised Middle Fingers?
  by Lambert Strether 2:25 am

July 23, 2016

• Links 7/23/16
  by Yves Smith 6:55 am

• Announcing Reader Meetups: Friday August 5 in New York City, Sunday August 14 in San Francisco
  by Yves Smith 3:19 am

• TaxCast on Panama Papers and Brexit
  by Yves Smith 2:53 am

• Study: Top Bank Execs Saw the Crisis Coming and Sold Their Company’s Shares
  by Yves Smith 2:19 am

July 22, 2016

• 2:00PM Water Cooler 7/22/2016
  by Lambert Strether 2:00 pm

• The Immorality and Brutal Violence of Extreme Greed
  by #SlayTheSmaugs 9:55 am

• Links 7/22/16
  by Yves Smith 6:55 am

• Another Nail in the Brexit Fantasy Coffin: Germany’s Car Makers Are Not Cowed
  by Yves Smith 6:52 am

• After Supporting Treasurer Chiang’s Private Equity Transparency Bill in Public, CalPERS Gutted It Behind the Scenes
  by Yves Smith 6:50 am

• Gaius Publius: Two Ways of Looking at a Plagiarism
  by Yves Smith 3:36 am

July 21, 2016

• Draghi Supports Bailout of Italy’s Banks
  by Yves Smith 7:20 pm

• 2:00PM Water Cooler 7/21/2016
  by Lambert Strether 2:00 pm

• What Next for the EU?
  by Yves Smith 9:55 am

• Links 7/21/16
  by Yves Smith 6:55 am

• Investment Implications of the Rise of the New Lumpenproletariat and Political Shocks
  by Yves Smith 6:50 am

• Dodgy New Zealand Companies: Mapping Their Global Footprint Since 2009
  by Richard Smith 6:21 am

• Uncovered California: Why Millions Have Fallen Into Health Care Gaps
  by Yves Smith 6:19 am

• CalPERS Reported That It Made Less in Private Equity Than Its General Partners Did (Updated: As Did CalSTRS)
  by Yves Smith 6:16 am

July 20, 2016

• 2:00PM Water Cooler 7/20/2016
  by Lambert Strether 2:00 pm

• The Peak Oil Paradox – Revisited
  by Yves Smith 9:55 am

• Links 7/20/16
  by Yves Smith 6:55 am

• More Doubts About Brexit Fantasies
  by Yves Smith 5:32 am

• Sanders Delegation Plotting in Public and Secretly to Shake Up Democratic Convention
  by Yves Smith 3:04 am

• Bullish Economists Are So Yesterday
  by Yves Smith 2:26 am

July 19, 2016

• 2:00PM Water Cooler 7/19/2016
  by Lambert Strether 2:00 pm

• How California Targets Poor People of Color for Profit
  by Yves Smith 9:55 am

• Links 7/19/16
  by Yves Smith 6:55 am

• Did the European Court of Justice Just Rescue Italy’s Banks? (Updated)
  by Yves Smith 4:55 am

• COBOL and Legacy Code as a Systemic Risk
  by Yves Smith 4:35 am

• Is Brexit Moment a Lehman Moment? Fear Factor in Financial Crises
  by Yves Smith 3:49 am

• CalPERS Announces Preliminary Returns of 0.6% When Target is 7.5% (Updated)
  by Yves Smith 3:47 am

July 18, 2016

• 2:00PM Water Cooler 7/18/2016
  by Lambert Strether 2:00 pm

• Links 7/18/16
  by Yves Smith 6:55 am

• How Finance Costs Too Much and Fails to Deliver
  by Yves Smith 5:27 am

• Michael Hudson: US-NATO Border Confrontation with Russia Risks Nuclear War and Loss of European Partners
  by Yves Smith 5:10 am

• Will Italian Banks Tear Down Europe?
  by Yves Smith 3:15 am

July 17, 2016

• Links 7/17/16
  by Lambert Strether 6:55 am

• Rajiv Sethi: On Arrest Filters and Empirical Inferences
  by Lambert Strether 2:55 am

• Beyond Credit Rating to Stabilizing an Unstable Economy
  by Lambert Strether 2:25 am

July 16, 2016

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

• Louis Proyect: Misusing German History to Scare Up Votes for Hillary Clinton
  by Yves Smith 4:57 am

• 8 Countries Where Rampant Inequality Has Led to Violence
  by Yves Smith 4:27 am

• Angela Merkel Rap Video
  by Yves Smith 3:45 am

July 15, 2016

• 2:00PM Water Cooler 7/15/2016
  by Lambert Strether 2:00 pm

• Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
  by Yves Smith 9:55 am

• Links 7/15/16
  by Yves Smith 6:59 am

• Warren, Sanders, Brown, Merkley, Reed, 4 Other Senators, Ask the SEC to Get Out of Bed on Private Equity
  by Yves Smith 6:55 am

• Did the New York Times Really Need to Let Jamie Dimon Crow About the Measly Raise He Is Granting Employees?
  by Yves Smith 5:19 am

• Instability in Capitalist Economies and a Better Way to Think About Credit Risk
  by Yves Smith 5:05 am

July 14, 2016

• How Treasurer Chiang’s Designee Grant Boyken Duped CalPERS’ Board to the Detriment of Taxpayers and Beneficiaries
  by Yves Smith 3:54 pm

• 2:00PM Bastille Day 2016
  by Lambert Strether 2:05 pm

• Private Equity Industry Offers Intelligence-Insulting Defenses for Long-Standing Grifting Due to Refusal to Register as Broker-Dealers
  by Yves Smith 10:00 am

• Links 7/14/16
  by Yves Smith 6:55 am

• How Private Credit Rating Agencies Reinforce Global Economic Instability—and What We Can Do About It
  by Yves Smith 6:33 am

• Financial Times Picks Up on Irish Growth Blarney Story…. That We Reported Months Ago
  by Yves Smith 3:42 am

• IEA: Gasoline Glut Could Cause Oil Price Rout
  by Yves Smith 2:47 am

July 13, 2016

• 2:00PM Water Cooler 7/13/2016
  by Lambert Strether 2:00 pm

• Gluttony and Sloth
  by Yves Smith 9:55 am

• Links 7/13/16
  by Yves Smith 6:55 am

• Gaius Publius: Picking Up James Comey’s Pieces — What He Did, What He Should Have Done & Why
  by Yves Smith 6:30 am

• OC Register: CalPERS Expected to Show Multi-Billion Loss for Fiscal Year Ended June 30, 2016
  by Yves Smith 5:45 am

• Louis Proyect: Rooting for the Bulls
  by Yves Smith 4:04 am

July 12, 2016

• 2:00PM Water Cooler 7/14/2016
  by Lambert Strether 2:00 pm

• Meet the Middle Precariat
  by Yves Smith 9:55 am

• Links 7/12/16
  by Yves Smith 6:55 am

• Congress Exposes That DoJ Overruled Recommendation to Indict Money Launderer HSBC Over Too Big to Fail Worries
  by Yves Smith 6:48 am

• Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank Risk
  by Yves Smith 5:44 am

• The Bears Are Back – Oil Slides On Negative Sentiment
  by Yves Smith 1:54 am

July 11, 2016

• 2:00PM Water Cooler 7/11/2016
  by Lambert Strether 2:00 pm

• Credentialism and Corruption: The Opioid Epidemic and “the Looting Professional Class”
  by Lambert Strether 12:28 pm

• Links 7/11/16
  by Lambert Strether 6:55 am

• Deutsche Bank Chief Economist Joins SocGen Chairman in Trying to Foment Banking Crisis to Get Germany, Brussels to Blink
  by Yves Smith 5:44 am

• Is “Helicopter Money” About to Rain Upon the World?
  by Yves Smith 5:15 am

• How the Corporate Food Industry Destroys Democracy
  by Lambert Strether 12:55 am

July 10, 2016

• The Chilcot Report: The British Political Class Confronts Their Iraq War Debacle
  by Lambert Strether 12:30 pm

• Links 7/10/16
  by Lambert Strether 6:55 am

• Bad Apple or Bad Orchard? – A Narrative of Alleged Individual Research Misconduct that Sidestepped the Pharmaceutical Corporate Context
  by Lambert Strether 12:55 am

July 9, 2016

• Los Angeles Times: Treasurer Chiang’s Private Equity “Transparency” Bill Fails to Deliver (Updated: LAT Misrepresents Credentials of PE Booster)
  by Yves Smith 6:35 pm

• Links 7/9/16
  by Yves Smith 6:55 am

• Michael Hoexter: Democratic Party Platform 7/1/16 Draft Would Lock In Catastrophic Climate Change
  by Yves Smith 5:07 am

July 8, 2016

• 2:00PM Water Cooler 7/8/2016
  by Lambert Strether 2:00 pm

• How MBA Programs Drive Inequality
  by Yves Smith 9:55 am

• Links 7/8/16
  by Yves Smith 6:55 am

• China Destabilizes Global Economy by Exporting Deflation Through Currency Devaluation
  by Yves Smith 5:42 am

• The UK Vote to Leave European Union
  by Yves Smith 3:41 am

• Elizabeth Warren Lanches Campaign Against the TPP
  by Yves Smith 2:43 am

July 7, 2016

• 2:00PM Water Cooler 7/7/2016
  by Lambert Strether 2:00 pm

• Gaius Publius: Could Endorsing Clinton Hurt Down-Ticket Democrats? Polling Says Yes.
  by Yves Smith 9:55 am

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

• Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?
  by Yves Smith 6:50 am

• Brexit Empty Threats: The UK’s Fantasy of Becoming a Big Tax Haven
  by Yves Smith 6:49 am

• Quelle Surprise! SEC’s “Make the World Safer for Fraudsters” JOBS Act Does Little to Help Companies Raise Money
  by Yves Smith 6:15 am

July 6, 2016

• 2:00PM Water Cooler 7/6/2016
  by Lambert Strether 2:00 pm

• The Sanders Revolution: North Dakota as an Example of the Long Tail of Grass Roots Activism
  by Yves Smith 9:55 am

• Links 7/6/16
  by Yves Smith 6:58 am

• Crisis After Brexit: Let Us Put An End to the Old Europe of Denigrators
  by Yves Smith 6:46 am

• Bill Black and Stephanie Kelton: Is it Time for a New Deal Federal Jobs Program?
  by Yves Smith 6:24 am

• Wolf Richter: The Big Unravel – US Commercial Bankruptcies Skyrocket
  by Yves Smith 4:22 am

July 5, 2016

• 2:00PM Water Cooler 7/5/2016
  by Lambert Strether 2:00 pm

• New York Times Series on Private Equity Misses the Mark
  by Yves Smith 9:55 am

• The Cambridge Capital Controversy, or Why Microeconomics is All Wet
  by Yves Smith 9:15 am

• Links 7/5/16
  by Yves Smith 6:59 am

• New York Times’ Gretchen Morgenson: Private Equity Transparency Bills, Including California Treasurer Chiang’s AB 2833 “Hit a Wall”
  by Yves Smith 6:50 am

• Bill Black: When Is Crime Not a Crime? When It Is White-Collar Crime
  by Yves Smith 1:27 am

• John Helmer: Armchair General Sells Australian Involvement in Ukraine….On Behalf of Arms-Maker-Funded Think Tank
  by Yves Smith 12:31 am

July 4, 2016

• 2:00PM Water Cooler Fourth of July 2016
  by Lambert Strether 1:58 pm

• Links 7/4/16
  by Yves Smith 6:55 am

• Bill Black: BREXIT – Tony Blair
  by Yves Smith 3:13 am

• Why Don’t Americans Take More Vacations? Blame It on Independence Day
  by Yves Smith 2:39 am

July 3, 2016

• Links 7/3/16
  by Yves Smith 6:55 am

• Nassim Nicholas Taleb: How to Own a Slave
  by Yves Smith 4:05 am

• UNCOUNTED: The True Story of the California Primary
  by Yves Smith 12:46 am

July 2, 2016

• Links 7/2/16
  by Yves Smith 6:55 am

• Unfounded Debt Fears Block Economic Recovery
  by Yves Smith 4:29 am

• Puerto Rico ‘Rescue’ Bill to Reinforce Colonial Relationship with US
  by Yves Smith 4:05 am

July 1, 2016

• 2:00PM Water Cooler 7/1/2016
  by Lambert Strether 2:00 pm

• Fear and Loathing at the Cross Arena in Bangor, Maine: Donald Trump Makes Headlines
  by Lambert Strether 12:28 pm

• Links 7/1/16
  by Yves Smith 6:59 am

• Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast
  by Yves Smith 6:55 am

• Why Private Equity Does Not Outperform
  by Yves Smith 5:45 am

• Brexit: Huge Spanner in the Works – Negotiation of New UK Trade Deals Verboten Till Exit Complete
  by Yves Smith 4:30 am

• Cheat Sheet for the Australian Double Dissolution Election This Weekend
  by Yves Smith 2:37 am