CalPERS’ Private Equity Portfolio Continues to Earn Way Too Little for the Risk
CalPERS private equity returns are not pretty, but at least the giant pension fund seems to recognize private equity’s glory years are past.
Read more...Author Archives: Yves Smith
Links 2/21/17
European Polls Head for Heaven and Hell
Le Pen’s recent surge in French presidential polls has Mr. Market fretting, while results in Germany are a bright spot.
Read more...Biggest Gasoline Glut In 27 Years Could Crash Oil Markets
High gasoline and crude inventories do not bode well for oil prices this year.
Read more...The Opioid Epidemic and the Face of Long-Term Unemployment
The role the opioid epidemic plays in long-term unemployment.
Read more...Globalisation and Economic Nationalism
An in-depth data analysis shows a strong correlation between exposure to competition from imports and a rise in right-wing nationalism.
Read more...Links 2/18/17
Why Extreme Inequality Causes Economic Collapse
A look at how rising inequality becomes systemically destructive.
Read more...Wolf Richter: “Seriously Delinquent” Auto Loans Surge
Auto loans are have been looking awfully bubbly….and the hangover has begun.
Read more...When the IMF Evaluates the IMF
A recap of where the IMF admits that it screwed up. Also points out how the IMF overlooked a core methodology prone to errors and gaming.
Read more...Links 2/17/17
Wearing White: What Resistance Looks Like in America’s Heartland
A labor struggle in South Bend as a window into unions’ ongoing resistance to corporate greed.
Read more...Grantham: ‘Twas Capitalism That Killed Capitalism
How capitalism became disconnected from social good, leading to hope for a “strong leader” will take on the rich and powerful.
Read more...Gaius Publius: Field Notes from the Battle Within the Democratic Party
Needless to say, the real war within the Democratic party is about who gets to feed at the trough.
Read more...Can Uber Ever Deliver? Part Eight: Brad Stone’s Uber Book “The Upstarts”– PR/Propaganda Masquerading as Journalism
By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Brad Stone’s new book “The Upstarts,” is subtitled “How Uber, Airbnb, […]
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