Ilargi: Square Holes and Currency Pegs
The difficultly of maintaining currency pegs, most important the renminbi and riyal versus the dollar, will put even more stress on financial markets.
Read more...Author Archives: Yves Smith
Our Richard Smith Speaks on Taxcast
Our Richard Smith discusses his international fraud gumshoe work on Scottish limited partnerships on the Tax Justice Network’s Taxcast.
Read more...CalPERS CEO Anne Stausboll to Retire June 30
CalPERS’ CEO Anne Stausboll unexpectedly announced her plan to retire. The most probable explanation does not reflect well on her.
Read more...Bloomberg Spotlights Poor Private Equity Returns From Last “Peak of Cycle” Mega Deals
Buying at the peak rarely works out, as private equity’s pre-crisis mega deals confirm. Yet general partners fared really well.
Read more...Links 1/22/16
>Some Experts, Like Krugman, Supported Single Payer Until Bernie Sanders Put It in His Platform
Funny how many Democrats supported single payer until someone outside the party mainstream started backing it full bore.
Read more...The Failure of the Iraqi Army: America’s $25 Billion Paper Tiger
The Iraqi army fiasco as a study in imperial collapse.
Read more...The World Is Not Running Out Of Storage Space For Oil
The implications of the fact that there is still more oil storage capacity for prices.
Read more...The 0.1%’s Marie Antoinette Moment
A card-carrying member of the 0.1%, Steve Schwarzman of Blackstone, has reveled himself to be dangerously out of touch.
Read more...Flooded Cities
Major cities are often located in low-lying areas that are flood-prone. Worse, after being flooded out, people and businesses tend to return even when relocating is the better choice.
Read more...Why Bitcoin is Not Disruptive
Get a cup of coffee. This is a deep dive into how Bitcoin works from a payment systems perspective, and why the failure of promoters and journalists to look at it in those terms has led them to greatly overestimate its significance.
Read more...Robert Reich: Why the White Working Class Abandoned the Democratic Party
The history of the political calculus that led the Democratic Party to turn its back on its traditional base, the working class, and how that’s coming back to bite now.
Read more...Funds Hold Most Cash Since GFC
Fund manager cash holdings are at crisis-bottom levels, typically a sound bullish indicator. But will history predict the future this time?
Read more...US Oil Futures Plunge by Nearly 7%, to $26.55 a Barrel; Stocks Swoon
Oil has ratcheted down again and stocks are getting hammered.
Read more...Ann Pettifor: Why Radical Monetary Policy Failed in the UK
The failure to use fiscal policy in tandem with monetary policy means that the timid and short-sighted private sector has lacked confidence to ratchet up investment in productive, income-generating activity – as opposed to speculative activity.
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