The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Author Archives: Yves Smith
Europe’s Faustian Bargain with Big Finance
An overview of the cost of Europe’s failure to rein in its financial institutions and the options for bank and Eurozone reform.
Read more...Links 5/26/17
The White House Flouts Ethics Rules
Even though the Trump Administration is far from a model of probity, it is managing to find new ways to skirt ethics rules.
Read more...Down the Memory Hole: Living in Trump’s United States of Amnesia
Trump’s ever-changing explanations, “alternative facts,” and program of destroying Federal data is straight out of Orwell’s “memory hole”.
Read more...Dumb Things Politicians Say About Health Care Policy
Unintended self parody on health care…if only this were a joke.
Read more...Don Quijones: Catalonia Threatens Spain with “Financial Bloodbath”
Yet another European debt/austerity-induced game of chicken, this one of Catalonia v. Spain.
Read more...Trump’s Budget Delivers Big Oil’s Wish: Reducing Strategic Petroleum Reserve
Trump seeks to deliver on another Koch Brothers pet idea: selling off part of the strategic petroleum reserve.
Read more...Yet Another Video Shows U.S.-Funded White Helmets Assisting Public Executions in Rebel-Held Syria
Why reporting by and about the State Department funded White Helmets needs to be taken with a fistful of salt.
Read more...Debt Relief or a Fourth Financial Assistance Program for Greece?
Greece continues to be broken on the rack of austerity. How far might the IMF’s insistence on reducing the pain level actually get?
Read more...CalPERS Keeps Board in the Dark About How Private Equity “Subscription Line Financing” Gooses Staff and General Partner Pay and Systemic Risk
CalPERS is asleep at the switch yet again.
Read more...Saudi Finance Minister: “I Wouldn’t Care If The Oil Price Is Zero”
The Saudi government has developed plans for root and branch economic change. But how can they cope if (when) it falls short?
Read more...Government Austerity Demands That We Die Within Our Means
Theresa May’s plans to intensify austerity are costing her votes. About time.
Read more...Reminder: NYC Meetup With Lambert Next Wed, May 31
More details about our NYC meetup next week.
Read more...Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation
The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.
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