Germany Blinks on Giving Debt Relief to Greece….or Did It?
Despite press reports to the contrary, in this year’s game of chicken over the Greek bailout, it looks like the IMF, and not Germany, blinked.
Read more...Author Archives: Yves Smith
Smart Money Doing Private Equity in House as General Partners Warn of Lower Returns, Dumb Money Pours In
Super rich families are figuring out that private equity firms are charging more that they are worth.
Read more...What OPEC Has To Fear From The New Saudi Oil Minister
Don’t expect any change in Saudi oil strategy any time soon.
Read more...The Minimum Wage Increases = Job Loss Myth
Repeat after me: study after study shows that minimum wages increases don’t lead to job losses.
Read more...CalPERS’ Fiduciary Counsel Robert Klausner, Calls CalPERS’ Divestiture of Tobacco Stocks a Violation of Fiduciary Duty
CalPERS’ tainted fiduciary counsel, Robert Klaunser, effectively told the Vermont public pension fund that CalPERS is violating its fiduciary duty.
Read more...Noam Chomsky: American Power Under Pressure
Seeing states as the vehicle for projecting power is dated, particularly as far as understanding America’s position is concerned.
Read more...Links 5/8/16
Our Awful Elites Gutted America. Now They Dare Ring Alarms About Trump, Sanders—And Cast Themselves as Saviors
An awesome rant on the elite hyperventilating about Trump. He’s not something new, he’s simply the end-game of policies they knowingly set in motion.
Read more...Inflation Targeting and Neoliberalism
An interview on inflation targeting and its implications.
Read more...Naked Capitalism’s Diptherio Discusses Flaws in Unemployment Reporting
Lies, damned lies, and statistics, unemployment report style.
Read more...Links 5/7/16
TTIP: We Were Right All Along
The European Commission’s claim that the TTIP is aimed at ‘help[ing] people and businesses large and small” is shown to be a flagrant falsehood.
Read more...“John Doe’s Manifesto”: Panama Papers Source Blasts Lack of Media Interest, Calls for Prosecutions, Whistleblower Protection
Martha r flagged a new story at Suddeusche Zeitung from “John Doe,” the source for the Mossack Fonseca revelations, on what he intended to accomplish and what he feels needs to be done. I’m posting on his manifesto to encourage you to read it in full and circulate it. The whistleblower, John Doe, states his […]
Read more...When Commodity Prices Fall
Decomposing the drivers and effects of commodity price swings.
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