8 Countries Where Rampant Inequality Has Led to Violence
Yes, Virginia, inequality is dangerous but that does not stop many of the really rich from wanting more. us.
Read more...Author Archives: Yves Smith
Angela Merkel Rap Video
Angela Merkel has arrived. She now has a rap parody.
Read more...Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
Read more...Links 7/15/16
Warren, Sanders, Brown, Merkley, Reed, 4 Other Senators, Ask the SEC to Get Out of Bed on Private Equity
As strange as it may seem, eight Senators ganging up on the SEC over yet another private equity lapse is a sign of a change in the zeitgeist.
Read more...Did the New York Times Really Need to Let Jamie Dimon Crow About the Measly Raise He Is Granting Employees?
Jamie Dimon throws JP Morgan workers some crumbs.
Read more...Instability in Capitalist Economies and a Better Way to Think About Credit Risk
Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.
Read more...How Treasurer Chiang’s Designee Grant Boyken Duped CalPERS’ Board to the Detriment of Taxpayers and Beneficiaries
How California Treasurer John Chiang’s deputy, Grant Bokyen, snookered CalPERS’ board to facilitate gutting a private equity reform bill.
Read more...Private Equity Industry Offers Intelligence-Insulting Defenses for Long-Standing Grifting Due to Refusal to Register as Broker-Dealers
Private equity firms insist that they continue to violate broker-dealer requirements. Why? So they can carry on looting.
Read more...Links 7/14/16
How Private Credit Rating Agencies Reinforce Global Economic Instability—and What We Can Do About It
A look at a fundamental point of failure in our financial system, rating agencies, and potential remedies.
Read more...Financial Times Picks Up on Irish Growth Blarney Story…. That We Reported Months Ago
Irish growth is even phonier than the media would have you believe.
Read more...IEA: Gasoline Glut Could Cause Oil Price Rout
More confirmation of inventory overhang in gasoline.
Read more...Gluttony and Sloth
Sloth, as in lower levels of physical activity, are a much bigger contributor to population-wide gains in weight levels than caloric intake.
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