The West is apparently worried about a propaganda gap with Russia, and the solution is truth-telling, provided by Chatham House for a price.
Read more...Investors act as if they have a right to liquidity. The authorities are trying to get them used to the new normal of higher spreads and risks.
Read more...As Tsipras’ options narrow thanks to the revolt in his party, it is also becoming harder for even Merkel to forestall a default.
Read more...Why Nancy Pelosi is the White House’s secret weapon for the pending Fast Track bill.
Read more...As they have for decades, Americans poll in favor of higher taxes on top earners.
Read more...As Greece’s cash crunch continues and its negotiations are moving slowing and tending towards an impasse, it becomes more and more likely that the beleaguered borrower will issue some sort of scrip in order to fund operations while remaining in the Eurozone. How and how well might that work?
Read more...We are not making it up. Private equity limited partners like CalPERS have no idea what they are paying in carry fees, one of the biggest costs they incur.
Read more...Is the august Wall Street Journal hinting that the “recovery” has no clothes?
Read more...We thank readers for their considerable, valuable input on a recent call to action and discuss how we plan to use their ideas.
Read more...Elizabeth Warren just put SEC Chairman Mary Jo White firmly in her crosshairs.
Read more...Predictably, it never occurred to Andrew Ross Sorkin that being put in impossible ethical positions could be a cause of some of of Wall Street’s recent suicides.
Read more...Yves here. Das published this post in February and I thought it would be useful to reprise it for three reasons. First, it has held up well to the passage of time. Second, for latecomers to the Greek saga, it summarizes the background, the stances of the parties, and key economic and financial considerations. Third, the section starting “Controlled Warfare” (about 2/3 of the way through the post) summarizes the consequences to the lenders of a Grexit. Those risks are why almost no one thought we’d wind up where we are now, with two sides issuing ultimatums a mere two days before a possible Greek default, and why most of the financial media still believes a deal will get done.
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