Louis Proyect: Rooting for the Bulls
Bullfighting and the running of the bulls as symbols of Spain’s feudal past, and why they persist.
Read more...Author Archives: Yves Smith
Meet the Middle Precariat
The rise of the “middle precariat” is another sign of how badly pay levels and workplace protections have eroded.
Read more...Links 7/12/16
Congress Exposes That DoJ Overruled Recommendation to Indict Money Launderer HSBC Over Too Big to Fail Worries
Why money-launderer HSBC got off so easy in 2012: it had lots of official help.
Read more...Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank Risk
By the time regulators start warning of risk, as the OCC is now in commercial real estate, it’s often too late.
Read more...The Bears Are Back – Oil Slides On Negative Sentiment
Oil prices have gone wobbly…
Read more...Deutsche Bank Chief Economist Joins SocGen Chairman in Trying to Foment Banking Crisis to Get Germany, Brussels to Blink
Why bank executives are stoking a banking crisis.
Read more...Is “Helicopter Money” About to Rain Upon the World?
A discussion of the prospects for helicopter money and how it might be used productively, such as for infrastructure spending.
Read more...Los Angeles Times: Treasurer Chiang’s Private Equity “Transparency” Bill Fails to Deliver (Updated: LAT Misrepresents Credentials of PE Booster)
The Los Angeles Times describes how Treasurer Chiang’s private equity bill, AB 2833, has become toothless.
Read more...Links 7/9/16
Michael Hoexter: Democratic Party Platform 7/1/16 Draft Would Lock In Catastrophic Climate Change
Why the Democratic party plans for taking on climate change are grossly inadequate.
Read more...How MBA Programs Drive Inequality
How MBA programs reinforced the inequality-promoting neoliberal economic model.
Read more...Links 7/8/16
China Destabilizes Global Economy by Exporting Deflation Through Currency Devaluation
China is behaving badly by trying to maintain growth at the cost of worsening deflation in the rest of the world.
Read more...The UK Vote to Leave European Union
A judicious, high level overview of the Brexit vote and its implications, the big one being that it moves Britain to the right.
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