Author Archives: Yves Smith
Even Endowments Not Beating Vanguard….So What Good Are Those High Fee Private Equity and Hedge Funds?
Even endowments, the supposed best of best among diversified investors, are finding that their old alternative investment mojo isn’t working these days.
Read more...A Study in Professional Power: Why Do the Big 4 Accountants Survive?
How the Big 4 accountants cemented their position and why that matters.
Read more...On Modern Monetary Theory (#MMT)
Mainstream economists are finally deigning to notice MMT.
Read more...How Neoliberalism Is Normalising Hostility
Tracing how neoliberalism has corroded social values.
Read more...Links 2/12/19
“Reverse Location Search Warrant”: A New Personal Data Hoovering Exercise Brought to You by Google
Welcome to reverse location search warrants, yet another technology-enabled violation of your Constitutional rights.
Read more...On the Built-In Instability of Cryptocurrencies
Why volatility of cryptocurrencies is a feature, not a bug.
Read more...Pelosi Advisor Proposes Non-Binding Arbitration as Road to Lowering Drug Prices
Team Dem contemplates non-binding arbitration as a fix for high drug prices. Help me.
Read more...Believing Six Impossible Things Before Brexit
Everyone around her is so weak that May still is very much in charge of Brexti, and that’t not a good outcome.
Read more...Climate Policy: On Buying Insurance, and Ignoring Cost-Benefit Analysis
Rethinking the analysis of climate change risk.
Read more...Links 2/9/19
Cryptocurrency Firms Regularly Lose Codes and Money
Cryptocurrency is more vulnerable to theft and loss than most of its fans want to believe.
Read more...Reining in Leveraged Lending
Yves here. This article pre-supposes that readers understand that most leveraged lending is taking place as a result of private equity, via two routes. First, private equity funds use a great deal of borrowed money when buying companies. One of the biggest sources is so-called leveraged loans, which are normally originally made by banks, but […]
Read more...PR Powerhouse to Democrats: Don’t Be Mean to Starbucks
The Starbucks lady doth protest too much.
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