Wolf Richter: Central Banks Quietly Backing Out of Negative Interest Rate Policies (NIRP)
Are central banks finally beating a retreat on their failed NIRP strategies?
Read more...Author Archives: Yves Smith
“The End of Employees”
Why business expect to have even fewer employees.
Read more...Why the “Maximize Shareholder Value” Theory Is Bogus
Why the bogus shareholder value theory of corporate governance needs to die.
Read more...Rex Tillerson Backs Aggressive Policy in Disputed South China Sea as Exxon, Russia Eye Region’s Oil and Gas
Oil may be a big reason behind the Trump Administration’s aggressive stance towards China’s territorial claims in the South China Sea.
Read more...Border Adjustment Tax Could Help Europe Find Common Voice on Trump
Europeans mull retaliation if Trump moves forward with his border adjustment tax.
Read more...Gaius Publius: Should Progressives Let Corporate Democrats Lead and Be the Face Of the Resistance?
Why corporate Democrats are not your friends.
Read more...‘Biggest Oil Find’ of 2016 Puts Crown Jewel Texas Oasis in Crosshairs for Fracking
Texas is about to sacrifice one of its few sources of fresh water, as well as the wildlife in the area, to the oil industry.
Read more...Ilargi: Unrest Is The Only Growth Industry Left
Get used to unrest as part of the volatile new normal.
Read more...How Colonialism Shaped Modern Inequality
How European colonialism played a major role in the massive economic inequality we see today.
Read more...Links 2/1/17
Hidden Distress Among Well-Off Women in America
Why have lifespans flattened among middle and upper middle class women?
Read more...Scott Pruitt Will Make America Great Again — For Polluters
Among Trump’s cabinet nominees, Scott Pruitt stands out in a bad way. Bill Moyers explains how he has represented energy interests over voters
Read more...Does Saving Cause Lending Cause Investment? (No.)
Some data to debunk a widely-held belief about the relationship between saving and investment.
Read more...CalPERS Tries to Hide Its Dirty Laundry, Threatens Most Effective Board Member: “Quit or Else”
CalPERS has managed to descend to a new low. Its strategy of trying to sweep fundamental problems under the rug has reached the point that the rug is not just lumpy but also starting to move. The latest shocker (and it is shocking) is that the board has launched a plan to strip JJ Jelincic, […]
Read more...Bill Black: CalPERS Seeks to Destroy Its Most Effective Director
Bill Black describes how an attack against a CalPERS trustee violates the board’s and the general counsel’s fiduciary duty.
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