Is The Oil Glut Set To Return?
EA gives a downbeat forecast for oil prices in 2018.
Read more...Author Archives: Yves Smith
Newly-Declassified Documents Show Western Leaders Promised Gorbachev that NATO Would Not Move “One Inch Closer” to Russia
Newly-declassified records bolster Russia’s claim that the US and its European allies reneged on commitments to Russian security.
Read more...Tech Giants Trying to Use WTO to Colonize Emerging Economies
Tech titans like Google and Apple seek to create a “global” regime to prevent developing economies from protecting their companies or data.
Read more...Incoming Board Member Margaret Brown Criticizes CalPERS’ Plan to Hurt Beneficiaries by Hiring Unnecessary, High-Priced Private Equity Middlemen; CalPERS Violates Open Meeting Rules by Advancing Plan in Secret
Incoming CalPERS board member Margaret Brown dishes out some straight talk on where the giant pension fund needs to shape up.
Read more...The Crisis Ahead: The U.S. Is No Country for Older Men and Women
Yves here. I imagine many readers are acutely aware of the problems outlined in this article, if not beset by them already. By any rational standard, I should move now to a much cheaper country that will have me. I know individuals who live most of the year in third-world and near-third world countries, but […]
Read more...Student Loan Defaults Approach 5 Million….Using a Very Permissive Definition of “Default”
The latest sighting on the student loan front is not pretty, and would be even uglier if the right metrics were used.
Read more...Three Surprises on Climate Change from Economist Michael Grubb
A tiny bit of good, or perhaps more accurately, less bad news on the climate change front.
Read more...Reform Candidate for CalPERS Board, Margaret Brown, Beats Incumbent Handily; Staff and Board Apparently Shell-Shocked
As the Sacramento Bee reported, In an upset, a CalPERS critic wins a seat on the pension board: Margaret Brown, a Southern California school district administrator, unseated incumbent Michael Bilbrey in a runoff election to win a seat on the California Public Employees’ Retirement System Board of Administration. Her victory on Tuesday marks an upset […]
Read more...LEAKED: Head Of FCC Mocks Impending Destruction Of The Internet
Ajit Pai, the head of the FCC, shows his true colors. Not a pretty sight.
Read more...Doug Jones Scores Upset in Alabama Senate Race
Some initial comments on the Doug Jones win in Alabama.
Read more...Sandy Hook Anniversary: Time for Insurance So Gun Owners Bear the True Cost of Gun Ownership
Time to make gun owners pay for the full cost of their hobby.
Read more...Links 12/12/17
Can Uber Ever Deliver? Part Eleven: Annual Uber Losses Now Approaching $5 Billion
Uber’s ever-widening losses confirms Hubert Horan’s thesis that Uber has no credible path to profit absent a radical downsizing.
Read more...Don Quijones: A New Stealth Attack in EU’s “War on Cash”
The definition of cash widens.
Read more...The DSGE Model Quarrel (Again)
Economists duke it out over a new defense of discredited but still widely used DSGE models.
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