Author Archives: Yves Smith

Hubert Horan: Can Uber Ever Deliver? Part Sixteen: Is Morningstar’s Horrendously Bad Uber Analysis a Preview of Uber’s IPO Propsectus?

Why a Morningstar report on Uber’s IPO prospects does not begin to add up.

CalPERS to End Direct Investments and Separately Managed Accounts, Limit Co-Investment as CIO Whinges About Difficulty of Putting Money to Work

CalPERS is about to take another great leap backwards in private equity.

Links 8/11/18

ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge

The Turkish lira’s swan dive is causing all sorts of collateral damage.

Empires, Past and Present

Which countries fit criteria that would lead them to be classified as empires?

When Social Policy Saves Lives: Analyzing Trends in Mortality Inequality in the US and France

Mortality data from France makes a strong case for single payer.

The Unforeseen Consequences Of China’s Insatiable Oil Demand

Working through the implications of China’s ever-rising energy needs.

Asset Prices and Wealth Inequality

How asset prices have driven the evolution of US wealth inequality over the last 70 years.

Trump Is Giving Protectionism a Bad Name

A short overview of some protectionism successes.

Once Its Greatest Foes, Doctors Are Embracing Single-Payer

A critically important constituency is increasingly backing single payer.

Links 8/8/18

Richard Murphy: Writers of Labour’s “Fiscal Rule” Lash Themselves to the Austerity Mast

Labour’s economists show their Third Way colors and advocate austerity-generating policy rules that might as well have been penned by former Treasury Secretary, later Citigroup vice chairman Bob Rubin.