Reader Query: Date for November Birmingham Meetup; Possible Fort Lauderdale Meetup in December
Seeking reader input on some meetup possibilities.
Read more...Author Archives: Yves Smith
What General Electric Is Doing to Dodge the Question: “When Will GE File for Bankruptcy?”
A detailed look at GE’s fall from financial grace.
Read more...Erasing Economics and Economic Policy from Politics: The Race and Xenophobia Sideshow
More and more economic studies find that inequality hurts growth. Adolph Reed discusses why politicians focus on divisive messaging rather than broad-based economic policies.
Read more...Publishing and Promotion in Economics: The Tyranny of the Top Five
One of the reasons little has changed in economics despite the financial criss showing it to be deeply flawed is the power of the “top five” journals, which show both inbreeding and clientelism.
Read more...Links 11/2/18
Big Money—Not Political Tribalism—Drives US Elections
Conventional wisdom asserts that American politics is becoming more and more tribal. But the chiefs of the tribes share a lot in common: dependence on big money.
Read more...Quick Thoughts on the Google Walkout
What the Google walkout says about the company’s management and the Silicon Valley view of employee rights.
Read more...Mischaracterizing HAMP and Principal Reduction: A Regression Discontinuity Test Error
Explaining a fundamental error in a widely-touted paper on HAMP modifications.
Read more...CalPERS CEO Marcie Frost Describes Her Intent to Leave the CalPERS Board Holding the Bag for Flawed Private Equity Scheme She’s Pushing Them to Approve
CalPERS CEO Marcie Frost is totally out of her depth, but as drowning people often do, she’ll pull other people down to save herself. In this case, it’s the CalPERS board.
Read more...Link 11/1/18
Economic Distress Did Drive Trump’s Win
Contrary to the dominant media narrative, social issues like racism and sexism on their own can’t explain Trump’s success.
Read more...As the Fed Tightens, Where Will the Credit Crunch Pinch First?
Who will feel the pain first in the coming credit squeeze?
Read more...What’s the Problem with Financialization?
Some of the analytical sleights of hand used to promote the ideology of financializatation.
Read more...Yanis Varoufakis: How the Italian Budget Fight Helps Brussels and Salvini, Hurts Europeans and the Eurozone
Contrary to popular perception, Brussels and the Italian government come out ahead from sparring over Italy’s budget, and what works for them does not work for much of anyone else.
Read more...“Fatally Flawed” Paper on HAMP Mortgage Program Gets Program Design Backwards, Botches Regression Analysis, Yielding Propagandistic Findings
How a new paper on HAMP manages, by not understanding the program. to whitewash it as well as promote financialization.
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