Don Quijones: Catalonia Exit Threat Moves Spain Toward Political Breakdown
How the success of Catalonia separatists is threatening the two-party system in Spain.
Read more...Author Archives: Yves Smith
John Helmer: M17 – Why the Investigation Will Never End, the Evidence Never Seen
John Helmer describes the latest twists and turns in investigation into the downing of MH17.
Read more...Gaius Publius: What Sanders Can Accomplish by Not Acting
Bernie Sanders, if elected President, could accomplish an enormous amount without Congress.
Read more...Who Needs Balanced Trade? Who Needs Balanced Budgets?
Who needs balanced trade? It’s time to challenge the premises of “trade” deals like the TransPacific Partnership.
Read more...Links 9/30/15
Glencore, Commodities Traders, and Systemic Risk
Mega commodities trader Glencore and its big peers are looking wobbly. How worried should you be?
Read more...Former State Chief Investment Officer Tells CalPERS and CalSTRS to Fire Consultant PCA Over Proposed Fix for Poor Private EquityPerformance
How CalPERS’ and CalSTRS’ private equity consultant PCA has demonstrated that it needs to go.
Read more...Gaius Publius: What’s Called “Capitalism” Is Far from Any Model of Capitalism or Market
Tony Benn and Noam Chomsky take a hard look at what passes for capitalism.
Read more...California State Controller Betty Yee, CalSTRS Board Member Blow Off Union Spokesman on Private Equity Fees
California state controller Betty Yee blows off a union official’s request for carry fee information by saying CalSTRS “is being very diligent,” when CalPERS has already gotten the information.
Read more...Michael Hudson: Obama Re-Defines Democracy – A Country that Supports U.S. Policy
Obama has decided to use “democracy” as a weapon of coups to turn recalcitrant countries into failed states.
Read more...Links 9/29/15
Is CalSTRS Enabling Election Fraud?
CalSTRS provided what appears to be a doctored record in response to a Public Records Act request about a recent board election.
Read more...With Shell’s Failure, U.S. Arctic Drilling Is Dead
Shell has decided to abandon Arctic drilling based on poor exploration results and high costs.
Read more...Frances Coppola: The Great Yield Divergence
Puzzling over the Great Divergence of real and nominal yields. Ever since the Great Depression, nominal yields have been persistently above real yields Yet in the previous 200 years, despite periods of fiat currency and high inflation, real and nominal yields didn’t diverge. Why do they now?
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