The Financial Crisis Was a Minsky Moment but We Live in Strange Times
Why has Susan Strange been reputationally short changed as an expert in financial instability?
Read more...Author Archives: Yves Smith
How Imperfect Knowledge Shapes Financial Markets
A discussion of various theories of how financial markets set prices.
Read more...Has America Always Embraced Capitalism?
History shows that capitalism isn’t natural or normal, strengthening the belief that we can create something better.
Read more...Even More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”
It has taken three posts to unpack all the lies that John Cole told CalPERS’ board in December about its new private equity scheme.
Read more...Links 2/16/19
Hubert Horan: Can Uber Ever Deliver? Part Seventeen: Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches
It is hard to see how Uber’s IPO story will hold up to scrutiny, particularly at a planned valuation of $120 billion.
Read more...Can Shareholder Activism Tame the Financial System?
Is shareholder activism capable of achieving lasting change?
Read more...How Energy Efficiency Delivers Green Dividends in Red and Blue States
Promoting and rewarding energy efficiency is popular even in conservative states, and is an important way to get the green ball rolling and have some near-term impact.
Read more...Amazon Drops New York City Headquarters Plan in a Snit
Does the testy abandonment of its New York City “HQ2” scheme mean we’ve hit Peak Amazon?
Read more...Who Is Really A Socialist?
Identifying some core “socialist” views.
Read more...Is the Opioid Overdose Crisis a Story of Supply or Demand? Depends Where You Look
Economic distress in rural areas and opioid exposure in cities are key indicators of overdose deaths.
Read more...And Now This Message From Some Very Rich People: ‘Please Raise Our Taxes’
Some wealthy people point out they wouldn’t even notice, much the less mind, the sort of increases in taxes now under discussion.
Read more...Links 2/14/19
Brexit: The Test of the Ultras?
Another supposed big Brexit day in Parliament. Will this prove to be yet another damp squib?
Read more...If Medicare for All Is Politically Impossible, “All Payer” Could Fix the System
How an “all payer” program could be a big and politically palatable step towards fixing America’s broken health care system.
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