Why Is The Fed Raising Interest Rates As Fast As It Is?
Musing on why the Fed is so eager to raise interest rates.
Read more...Author Archives: Yves Smith
Why Public Company Ownership Is Irrelevant to Monopolies
Why the argument that public company ownership contributes to monopoly power is wrong-headed.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Lee Camp: I Witnessed the Charlottesville Terror Attack, Here’s the Video
Lee Camp gives a first person account of the violence at Charlottesville.
Read more...Neoliberalism Booster New York Times Egregiously Misrepresents French Labor Laws
The New York Times’ latest dubious achievement: how many lies it managed to tell in a single story about French labor laws.
Read more...Wolf Richter: Worst Restaurant Recession Since 2009 Dings Inflation
Stagnant restaurant sales show consumers are tapped out.
Read more...The Case Against a Consumption Tax
Why a consumption tax does not hold up under close scrutiny.
Read more...New York Times Claims Bidders Circling Uber….But How Serious Is This, Really?
The Uber soap opera continues, and the New York Times is doing its part by applying lots of porcine maquillage.
Read more...“The Changing of the Guard:” The Prescient 1980 Book That Foretold the Democrat Love Affair With Neoliberalism
How up and coming Democrats in the 1970s and 1980s decided being wannabe Republicans was a path to power.
Read more...CalPERS CIO Ted Eliopoulos Handing Off Most of His Job Duties. So Why Isn’t He Taking a $500,000 Pay Cut?
In a remarkably cheeky move, CalPERS CIO Ted Eliopoulos is fobbing off his main job duties on a subordinate. Will the sleepy board react?
Read more...Links 8/12/17
Uber: “Battle to the Death” in Benchmark/Kalanick Power Struggle
The fight over Uber would normally be mistaken for a Punch and Judy show if there weren’t so much money at stake.
Read more...Surprise: The 1% Is Overrepresented in the Ivy League
Ivy League and other elite colleges have become even more economically exclusive.
Read more...How to Break Austerity-Induced Stagnation?
The costs of sticking with obviously failed austerity policies just keep rising.
Read more...Uber Descends Into Even More Turmoil With Benchmark Suit v. Kalanick
The war for control of Uber gets uglier…..
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