Present Day Benefits of Climate Policy
Poor framing of climate change and climate policy issues are making costs appear much higher than they are and are thus deterring action.
Read more...Author Archives: Yves Smith
Why Paul Krugman Blew It on His ‘Solution’ for Gentrification
One of the fallacies of proposals to limit gentrification is the idea that promoting more development in cities leads to more affordable housing. Stratified markets mean this is not a simply “supply and demand” problem.
Read more...More on How CalPERS Lies to Itself and Others to Justify Investing in Private Equity
A continued discussion of how CalPERS chooses to kid itself about private equity.
Read more...German Financialization and the Eurozone Crisis
German financialization and input on the eurozone’s financial architecture promoted deficits, increased systemic risk, and facilitated the onset of Europe’s subsequent crises.
Read more...Links 12/3/15 + CalPERS Debunks Private Equity Note
Wolf Richter: “Distress” in US Corporate Debt Spikes to 2009 Level
Experts expected bankruptcies of highly levered borrowers in 2013-2014, but cheap refis under ZIRP bailed them out. We are again at peak leverage, but this time, there’s no prospect of lower rates to provide a rescue.
Read more...Gaius Publius: How to Think About the Paris Climate Talks
The Paris climate talks are destined to be too little, too late, and here is a framework for understanding why.
Read more...Why Is The U.S. Reluctant To Bomb ISIS Oil Fields?
Is the apparent reason for America not bombing ISIS’s oil assets “Syrian moderates” redux?
Read more...We Discuss Private Equity, CalPERS, and its Tainted Counsel on Harry Shearer’s Le Show This Sunday
We had fun with Harry Shearer and think you’ll really enjoy the chat we just had that runs on Sunday.
Read more...New Studies: Do ‘Competitive’ Corporate Tax Cuts Boost Growth?
A new study devastates the widely-touted claim that corporate tax cuts promote growth.
Read more...How CalPERS Lies to Itself and Others to Justify Investing in Private Equity
CalPERS really seems to have convinced itself that the likes of KKR and Blackstone are “partners” in more than just the legal sense. Oops.
Read more...Banks to Have Fed Dividends Clipped to Pay to Fill Potholes; JPMorgan, Bank of America the Biggest Losers
Banks suffer a symbolically important loss as Congress plans to whack their dividends from the Fed.
Read more...America to Working Class Whites: Drop Dead!
On the fallen status of lower-class whites, and the poor prospects for many of their betters.
Read more...“Failed: What the ‘Experts’ Got Wrong about the Global Economy”
An excerpt from CEPR co-director Mark Weisbrot’s important new book, Failed.
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