Wolf Richter: Last Two Times This Happened, Stocks Crashed
Stock prices are driven ever more by M&A and buybacks….and it won’t be pretty when the fat lady finally sings.
Read more...Author Archives: Yves Smith
Expect The Recent Oil Rally To End Badly If OPEC Doesn’t Cut
The oil industry keeps hoping that its long-predicted rally in the second half is about to kick in. Arthur Berman sounds a cautionary note.
Read more...Cathy O’Neil: If You Redefine “Performance,” Magical Things Happen
A new study tries to justify high pay for supposedly top performers. But all it really does is prove that feedback loops are powerful.
Read more...Greece’s Shortening Negotiating Runway and Possibly Erroneous Assumptions
Le Monde published a defiant op ed by Alex Tsipras over the weekend. The wee problem is that Greece is well past the point where political appeals will work.
Read more...Why a Greek Default is Likely to Strengthen the Hand of Austerians
Many fear that a Greek default would lead voters elsewhere in Europe to favour default over austerity. In contrast, this column argues that it is more likely to have the opposite effect
Read more...Links 5/30/15
Perry Mehrling: Volcker Alliance Describes How Regulatory Silos, and Also Intellectual Silos, Hold Back Financial Reform
A report by the Volcker Alliance on financial reform is readable and meaty, and curiously dropped from media sight.
Read more...Gaius Publius: Sinking the Sanders Campaign Beneath a Wave of Silence
Sanders can win, and that’s one of the reasons the press is going to try to sink him.
Read more...High School Dropout Rates Increase with Income Inequality
An important element of how income inequality is becoming institutionalized in the US.
Read more...Links 5/29/15
Greece: An Endgame Finally in Sight?
The noose continues to tighten on Greece.
Read more...Michael Klare: Delusional Thinking in Washington, The Desperate Plight of a Declining Superpower
How US superpower overreach has hit the breaking point, yet the officialdom acts as if somehow doing more will succeed.
Read more...Dick Fuld Continues to Exhibit Advanced Case of Wall Street CEO Derangement Syndrome
It appears that having the financial crisis analogue to the captain of the Titanic carry on in the stereotypical super-entitled Wall Street CEO manner was too much for the tender sensibilities of CNBC.
Read more...Perry Mehrling: Derivatives Remain a Blind Spot in the TBTF Debate
Current proposals to deal with the too big to fail problem fall way short as far as disarming derivatives risk is concerned.
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