Author Archives: Yves Smith

Hedge Funds Want a Pony, Um, Permanent Capital, as More Investors Exit

Hedge funds are trying to sell a (sort of) new idea, that of permanent capital. But why on earth would anyone in their right mind buy it?

Hedge Fund Comeuppance: Firms Hunker Down, Start to Cut Fees as Investors Wise Up and Withdraw Money

Years late, investors are finally waking up to the fact that hedge funds overpromise, overcharge, and underdeliver.

Democratic Establishment’s Thuggish Power Grab at Nevada Convention

The Democratic party establishment shows its true colors in Nevada.

Links 5/14/16

Wolf Richter: Which US Companies Stockpile the Most Profit “Overseas?” But Where the Heck is the Money?

ebunking the mythology of overseas “profit”.

Inflation Targeting and Neoliberalism, Part 2

Why inflation targeting is a destructive practice.

Links 5/13/16

Trump Slams US Wars in the Middle East

Despite his considerable flaws as a candidate, Trump is making a serious case against US policy in the Middle East.

New Study Blasts Private Equity Fee Abuses, SEC and IRS Enforcement Failures, Limited Partner Capture

A new report recaps a wide range of private equity misconduct, plus regulatory and limited partner inaction. A related letter presses the IRS to address a known and costly tax abuse.

Tax-Dodging Corporate Inversions Accelerating

New rules by the US Treasury to curb corporate inversions haven’t done enough to slow the rising tide.

Links 5/12/16

Clinton Policies Have Hurt Women

Clinton preaches trickle-down feminism, which just like trickle-down economics, serves only the interests of those at the top of the food chain.