Bill Black: Roger Cohen Laments his Inadequate Schadenfreude Because the Greeks Don’t Suffer Enough
Bill Black shreds a remarkably rancid anti-Greek screed.
Read more...Author Archives: Yves Smith
Did the Media (and Greece) Miss a Meaningful Concession by the Creditors?
Did the creditors put forward a device that might have allowed for a way to finesse each side’s red lines on pension “reform”?
Read more...Links 6/12/15
Gaius Publius: Nancy Pelosi Got a TPP Talking-To from Her Caucus, Plus Where We Are on Fast Track
TThe vote today on Trade Adjustment Assistance is set to begin in the House at 11:00 AM. If it fails, Fast Track will not come to a vote and TPP will be dead. TAA is in trouble and your calls could make the difference. Call your Representative this morning, and if you can, enlist friends, family, and colleagues.
Read more...Michael Hudson: Global Financialization – The State of Play in Ukraine and Russia
Michael Hudson gives a wide-ranging interview on the state of financial capital, with emphasis on fresh events in Ukraine and Russia.
Read more...Joe Firestone: Fast –Track: It Looks Like It’s In Pelosi’s Lap or Maybe Not!
This post presents the latest whip count on the Fast Track vote and how support is weakening among Republicans. Please keep up your calls to Representatives against the bill. You can find phone numbers here.
Read more...Greece: The Negotiation That Never Happened…
Syriza thought that the economy (and the world) would stand still and wait for them to convince everybody else about the righteousness of their views – without ever getting into negotiating on the details. Rightly or wrongly, this didn’t happen.
Read more...Links 6/11/15
“If You Are Not Building a Nation, Then What the Fuck Are You Doing?”
How arrogant ignorance has squandered the US position of world leadership.
Read more...Elizabeth Warren Calls for Affordable College Education
Elizabeth Warren calls for a full bore attack on out of control college education costs.
Read more...Oil Markets Could Be In For A Shock From China Soon
China’s oil consumption is a bigger part of global demand than most analysts acknowledge. A slowdown in buying after China stopped stockpiling diesel for the summer Olympics was a proximate cause of the 2008 oil bust. China is again in a stockpiling phase, which could precede another not-well-anticipated demand drop.
Read more...Bill Black: Geithner’s Ghost Writer and the Parable of the River of Risk
Bill Black flags a new stunning bit of bank propaganda, that risk is an unavoidable natural condition that is futile for regulators to control.
Read more...Links 6/10/15
Creditors Reject Latest Greek Proposal, Tsipras Meeting with Merkel and Hollande in Doubt as Default Risk Rises
Greece’s creditors are not pleased, and perhaps more important, the Greek government has lost one of its few remaining advocates, Jean-Claude Juncker of the European Commission. The Eurocrats are finally waking up to the degree to which the two sides have talking past each other. The implication is that it is far less likely than they had believed.
Read more...Gaius Publius: The Only Solution to Climate Change — Outlaw Fossil Fuel Production
Limiting greenhouse gas production requires more radical measures to reduce fossil fuel use, and that means on production as well.
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