How The Bond Buyer Hyped a Goldman Ripoff of DC Water as “Deal of the Year”
Municipal bond publication The Bond Buyer gives itself a black eye by touting a ripoff of a sewer and water authority as a good deal.
Read more...Author Archives: Yves Smith
Baby Boomers Retirement Begins To Drain Cash in the US
Baby boomers must start retirement account withdrawals at age 70 1/2 and some do earlier of necessity. Will that affect markets?
Read more...Links 1/18/17
How Experts Enable Corruption: The Role of Conflicted Lawyers at CalPERS and Other Public Pension Funds
As Trump is about to be sworn in, the press and pundits are agog about his and his fellow Cabinet members’ deep and extensive conflicts of interest, and how dangerous they is for democracy.1 But the hue and cry about conflicts of interest is late in coming. They’ve been tolerated more and more over time […]
Read more...John Helmer: Parsing the Dossier on Trump’s Alleged Russian Bedroom Antics
A close reading of the “golden showers” dossier, including sources, methods, and reported payments for information.
Read more...Gaius Publius: How Police Use Military Technology to Secretly and Persistently Track You
How police are using military technology to spy on you even better.
Read more...Finance and Growth: The Direction of Causality
Too much finance is highly correlated with slower growth. But which comes first?
Read more...Links 1/17/17
Bill Black: Obama Loved Austerity and the New Democrats Remain Addicted to It
Black blasts Obama for prescribing austerity and presenting it as good for Americans when it is good only for financiers and the rich.
Read more...The California Drought Is on Its Way Out, but Deeper Droughts Lie Ahead
California regularly leads national trends. Water scarcity is a prime example.
Read more...A Tale of Two Countries: Nigeria and the U.S.
How the US and Nigeria wound up with increasingly similar systems, such as centralized, presidential-focused politics.
Read more...Helicopter Money: Loved, Not Spent
Another monetarist myth bites the dust. Consumers overwhelmingly say they would not spend helicopter money.
Read more...Marcy Wheeler: On “Fake News”
If “fake news” is a problem, then it’s a condemnation of the marketplace of ideas largely created by the US.
Read more...More on the Economic Hardship of Young Adults
Young adults have had a very rough go and don’t have good reason to expect their economic condition to improve much.
Read more...North Dakota Governor: DAPL Likely to Get Easement Once Trump Is President
Trump is likely to give DAPL, the Dakota Access Pipeline, an easement despite Army Corps of Engineers’ objections.
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