Ilargi: A Stampede of Elephants in the China Shop
On the danger that China’s overgrown shadow banking system poses to the economy, and the practical and political obstacles to curbing it.
Read more...Author Archives: Yves Smith
Yanis Varoufakis: Europe’s Slide into Deflation, and What to do About It
By Yanis Varoufakis, a professor of economics at the University of Athens. Cross posted from his website. From an interview for Jornal de Negócios by Jorge N. Rodrigues Europe is in the clasp of the deflationary forces that resulted directly from its inane handling of the Eurozone crisis. In this interview, I discuss deflation and […]
Read more...An International Student Call For Pluralism In Economics
A large group of associations of economics students calls for fundamental reform in how economics is taught. And they are already starting to push the envelope on their own.
Read more...Links 5/4/13
Don Quijones: Mutiny of the Lab Rats – Europeans Grow Weary of EU Experiment
The people of Europe are finally pushing back against the European Super State, if recent polls are anything to go by.
Read more...Bill Moyers: Obama’s Latest Assault on Democracy – Undermining Net Neutrality
Net neutrality is on its way to being executed by the likes of Comcast and Verizon. That will mean the death of the Internet as we know it.
Read more...Links 5/3/14
Bill Black: NYT DealBook Praises Steve Jobs’ Serial Felonies
Are Silicon Valley and DealBook so desperate that they cannot find an honest CEO to revere?
Read more...The BLS Jobs Report Covering April 2014: A Tale of Two Contradictory Reports And Deeply Mixed Messages
By Hugh, who is a long-time commenter at Naked Capitalism. Originally published at Corrente. A complete archive of Hugh’s reports can be found here The Jobs Report in Brief This is a very schizophrenic jobs report. In the seasonally adjusted “official” data, the unemployment rate dropped an amazing four-tenths of a percent to 6.3% but […]
Read more...CalPERS: Judge Rules Our Suit is Premature
We will not have a copy of the formal ruling on our case against CalPERS until the court issues one, but based on a verbal report, my understanding is that Judge Marla Miller ruled from the bench that our case was premature.
If her written order confirms that understanding, this is the least adverse outcome we could have experienced.
Read more...Links 5/2/14
Is Smart Money Buying or Selling Stocks?
By David Llewellyn-Smith, founding publisher and former editor-in-chief of The Diplomat magazine, now the Asia Pacific’s leading geo-politics website. Originally posted at MacroBusiness From BofAML: Citi is in no doubt that retail has it right: • The DJIA posted a bullish outside month in April. This is only the 3rd time that has happened since […]
Read more...Will “Highway Cliff” Allow Obama to Revive “Public/Private Partnership” Infrastructure Scam?
Your humble blogger may be reading more than is warranted into the synchronistic timing of stories in two different newspapers about financing highway construction. But it nevertheless looks sus.
Read more...The Pervasiveness of Health Care Corruption as Shown by Another Roundup of Legal Settlements
Yves here. This post is important, not simply for chronicling health care corruption, but also in demonstrating how, just as in financial services, the individuals responsible are not targeted for fines or prosecution.
Read more...An Empire in Decline, City by City, Town by Town
By Peter Van Buren, who blew the whistle on State Department waste and mismanagement during Iraqi reconstruction in his first book, We Meant Well: How I Helped Lose the Battle for the Hearts and Minds of the Iraqi People. He writes at his blog, We Meant Well and has a new book Ghosts of Tom […]
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