Even CalPERS Admits Private Equity Returns Are Fizzling
Like second marriages, private equity has become a triumph of hope over experience.
Read more...Author Archives: Yves Smith
RBS Looted Small Business Customers, Deliberately Driving Thousands in Bankruptcy, While Under Government Ownership
How RBS destroyed thousands of small UK businesses for fun and profit.
Read more...Not So Wondrous Drugs? – New Warnings about Severe Adverse Effects of New, Heavily Marketed Drugs for Hepatitis C
Dangerous diseases like hepatitis C make it a bit too easy for drugmakers to peddle wonder cures….
Read more...Links 10/10/16
Ham-Handed Theresa May “Hard Brexit” Stance Roils UK Pols, Not Just EU
Theresa May may have thrown a spanner in the Brexit works by pushing for a xenophobic “hard Brexit”. Accident or design?
Read more...Private Equity Double Standard: California’s John Chiang, Other State Officials Happily Ding Headline-Grabbing Wells But Look Other Way With PE
State officials like California Treasurer John Chiang eagerly sanction an easy target like Wells Fargo. But private equity? Fuddedaboudit.
Read more...The Billion Barrel Oil Swindle: 80% Of U.S. Oil Reserves Are Unaccounted-For
Oil inventories are at record highs since the price collapse in 2014 and are a major factor keeping prices low. Are they overstated?
Read more...Links 10/8/16
The IMF, Globalization, and All The Other Losers
A case for why the end of growth equals the end of all centralization, including globalization.
Read more...Michael Hoexter: A Pocket Handbook of Soft Climate Denial
More on soft climate denial: acknowledging that climate change is a serious threat but being unwilling to take sufficient steps to combat it.
Read more...Be Sure to Catch Lambert’s Presidential Debate LiveBlog/Open Thread Tomorrow at 9 PM EDT
Lambert is again putting on his yellow waders to host another debate confab. Hope you will join him!
Read more...The CETA Trade Pact Will Add to the Groundswell of Discontent: Why We Need More Informed Decision-Making
Why citizens are correct to be worried about trade deals like CETA and the TTIP.
Read more...Links 10/7/16
Latest Social Democracy, the “Third Way,” and the Crisis of Europe, Part 2
How reformers and labor leaders were co-opted by capitalists waving the Third Way banner.
Read more...After 30 Years of Investing in Private Equity, Washington Decides That It Might Help if Its Board Knew What It Was Doing
Yet more confirmation of the dirty secret of private equity: the investors are way out of their depth.
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