Maya MacGuineas of Fix the Debt’s Profound Fiscal Irresponsibility
Budget season brings out the deficit/debt burden propagandists, and Maya MacGuineas of Fix the Debt is a prominent fixture. Sadly, her type needs to be debunked often.
Read more...Author Archives: Yves Smith
Links 3/18/15
Negotiations with Greece Close to Breakdown as Budget Strains Worsen
Things are not looking good for Greece.
Read more...Tech’s Four Horsemen of the Apocalypse: Amazon, Facebook, Google, Apple
This is a great talk on the outlook for the four dominant tech companies by Scott Galloway of L2. Trust me. Just watch it.
Read more...John Helmer: IMF Loan to Ukraine Props Up Failing Banks, Enriches Oligarchs
One reason for our continued coverage of the IMF generosity to Ukraine isn’t simply to demonstrate how the institution is bending its rules to support US adventurism. It’s also to highlight the striking contrast with the treatment of Greece. While Greece has a class of oligarchs that specialize in tax-evasion, Ukraine is widely recognized as a spectacularly corrupt country, to the degree that it makes Greece look like a paragon of virtue.
Read more...The Big Dick School of American Patriotism, and What We Make of It
How America’s patriotism has been converted, or perhaps more accurately, perverted, into a war culture.
Read more...The SEC’s Andrew Bowden: A Regulator for Sale?
The SEC has retreated on its tough talk about widespread misconduct in private equity. A panel at Stanford Law School reveals a possible cause. Andrew Bowden, the head of the exam unit, reveals himself to be deeply, embarrassingly captured.
Read more...Links 3/17/15
Nomi Prins: The Volatility/Quantitative Easing Dance of Doom
The battle between the ‘haves’ and ‘have-nots’ of global financial policy is escalating to the point where the ‘haves’ might start to sweat – a tiny little. This phase of heightened volatility in the markets is a harbinger of the inevitable meltdown that will follow the grand plastering-over of a systemically fraudulent global financial system.
Read more...Major American Allies Ignore U.S. Pleas and Join China’s Development Bank
China’s development bank is a salvo at America’s dollar-driven financial hegemony. The US has good reason to worry about its apparent appeal.
Read more...Oil Investors, Beware The “Fracklog”
The fracklog is bigger than you think. That means the time to an energy price recovery isn’t as soon as many boosters hope.
Read more...John Helmer: IMF Makes Ukraine War-Fighting Loan, Allows US to Fund Military Operations Against Russia, May Repay Gazprom Bill
For the first time, an IMF loan is funding a country at war, and one that is an impossible basket case economically. It’s hard not to conclude that the IMF largesse served to solve the wee problem of getting Congress to approve funding for US adventurism in Ukraine.
Read more...Links 3/16/15
Is Momentum Building in Japan Towards Signing the TransPacific Partnership?
US sources claim that Japan is finally warming to the TransPacific Partnership. True or not?
Read more...Is There an Easy Way Out? Private Marketable Debt and Its Implications for a Eurozone Break-up
What are some of the more granular costs and risks of a Eurozone exit? This post looks at France as a test case.
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