Why Central Bankers Should Not Be Trusted With Money: Greek Exit Edition
An upcoming Greek bailout is leading to new discussion of the idea of a Grexit. And as before, some well-meaning ideas are wildly impractical.
Read more...Author Archives: Yves Smith
Will Trump Administration Let the IMF Escape from the Next Greek Bailout?
The IMF is at odds with the rest of the Troika about whether Greece can shoulder its debts. Will the IMF be forced to fund the next bailout?
Read more...Private Equity Slugfest! Managing Partner of Sequoia Slams Blackstone Chief Steve Schwarzman in New York Times Op Ed
Rifts are opening up among the financial elite. Michael Moritz, a partner from Sequoia Capital, penned a New York Times op-ed that blasts fellow private equity big dog Steve Schwarzman of Blackstone for cottoning up to Trump and for making his living from squeezing American workers and benefiting from the carried interest tax loophole, which […]
Read more...Trade and Political Power: The Past and Possible Ways Forward
The evolution of the post World War II trade framework and potential progressive responses to the downside for workers.
Read more...Links 2/7/17
Cringley: How Silicon Valley Can Sidestep Trump H-1B Visa Restrictions
Why restrictions on H-1B visas may not do much for tech workers.
Read more...China Banks in 2017: No Rebound in Sight, Rising Risks for Smaller Banks
Why there is no cause for cheer on the China banking front.
Read more...On Comments
Some remarks about recent heated discussions in comments.
Read more...How Universities Are Increasingly Choosing Capitalism Over Education
How universities have come to operate less in interest of the public and more and more as private enterprises.
Read more...Are 401(k)s Contributing to the Growth of the Outsourcing of Jobs?
Yet another reason to regard 401(k)s as a failure….
Read more...Don’t Side With Neoliberalism in Opposing Trump
If you side with neoliberalism in opposing Trump, you risk helping him win a second term in office.
Read more...Links 2/4/17
Greenland Ice Sheet Melting 600 Percent Faster Than Predicted by Current Models
The faster-than-expected melt of the Greenland ice sheet is yet another example of climate models proving to be too conservative.
Read more...Is Inequality a Political Choice?
International comparisons on inequality do not put the US in a good light. Quelle surprise!
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