China’s Stock Market Falling Off a Cliff: Why, and Why Care?
What explains the turmoil in Chinese stock markets, and what does it mean for the rest of the world?
Read more...Author Archives: Yves Smith
More on the IT Implications of a Grexit
Why it will probably take no less than three years to do the IT implementation related to a Grexit.
Read more...Links 7/28/15
Gaius Publius: One Way to Ease the Worldwide Water Crisis — End Privatization
“We have 15 years to avert a full-blown water crisis.” Why stopping privatization of water will help.
Read more...Dodd Frank’s 5th Anniversary Passes, But Should We Celebrate?
This Real News Network segment gives a detailed assessment of what Dodd Frank did and did not accomplish.
Read more...Greece Negotiations Already Starting to Look Wobbly
Silly me! I thought that given that the Greek government had prostrated itself and had complied with the creditor demand to pass legislation double-plus quickly or else, that the worst of the hurdles to getting the third bailout passed had been surmounted.
I should know better than that.
Read more...The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes
Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.
Read more...The Previous Sole Superpower: From the Opium Wars to the Origin of the Species
The Opium Wars illustrate the brutal effectiveness of Great Britain’s use of a particular notion of freedom as a means of conquest.
Read more...Comparison of Greek and English Version of Kathimerini Scoop on Varoufakis Parallel Currency Plan
Filling in some details on a bombshell report about a call that Varoufakis had with hedge fund managers about a parallel currency.
Read more...Links 7/25/15
Changing Economic Factors and the Rise in Obesity
Obesity is fast becoming a prominent global health issue. This column presents new evidence tentatively suggesting that variables related to the costs of eating – particularly whether there is a big discount warehouse nearby – are leading drivers of the rise in obesity occurring since the early 1980s. These findings should help policymakers work with businesses to find the best solution to tackle obesity.
Read more...Sharp Pencils vs. Sharp Politics: The 2015 Social Security Trustees Report
Social Security does face long term demographics issues….as will any approach to making sure retirees have income.
Read more...Mathew D. Rose: The Crisis In Europe Has Only Just Begun
The larger political and economic costs of the crisis in Greece and Europe are only starting to come to light.
Read more...Links 7/24/15
CalSTRS Doubles Down in Private Equity Carry Fee Reporting Scandal
Memo to CalSTRS: When you are in a hole, stop digging.
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