Bill Gross Chides CalPERS for Its 7.5% Returns Assumption; Illinois Set to Lower Target
More and more experts are taking CalPERS and other public pension funds to task over their barmy return assumptions.
Read more...Category Archives: Banana republic
Michael Hudson: Clinton’s Red-Baiting Distracts from Failure to Address Inequality, War-Mongering as Trump Flails
Clinton’s attacks on Trump distract attention from her 1% serving economic policies and her war-mongering, but Trump isn’t responding effectively.
Read more...Bill Black: Thomas Friedman Wants A “Center-Left” Democratic Party Based on Austrian Economic Myths
Thomas Friedman has managed to outdo himself on the downside.
Read more...Economists Mystified that Negative Interest Rates Aren’t Leading Consumers to Run Out and Spend
It been remarkable to witness the casual way in which central banks have plunged into negative interest rate terrain, based on questionable models. Now that this experiment isn’t working out so well, the response comes troubling close to, “Well, they work in theory, so we just need to do more or wait longer to see […]
Read more...Stark New Evidence on How Money Shapes America’s Elections
More proof of on how campaign spending drives elections.
Read more...Bill Black: Thomas Friedman’s Big Idea for Hillary – Embrace Wall Street and Deregulation
Help us, Tom Friedman is at it again…
Read more...How CEOs Get Paid for Luck
Lackluster growth is everywhere….except in CEOs’ pay packets. Wonder why?
Read more...Trumpbusters: Who You Gonna Call?
Is Hillary Clinton or Jill Stein a Trumpbuster?
Read more...Why the Crisis in Italy is Not Over
The structural roots of Italy’s economic problems.
Read more...Andrew Bacevich: The 60-Year Decay of American Politics
A personal take on why politics in America are so rotten.
Read more...Instant Payment Services – Payer Beware
How the New York Times does its readers a huge disservice by not telling them that so-called “instant payment services” are anything but that.
Read more...Shaky State of North-South Relations
North-South, or developed-emerging economy dealings, are becoming more contentious.
Read more...Americans for Financial Reform Calls Out Private Equity Broker-Dealer Abuses as Latest Example of SEC’s Weak, Selective Enforcement
Americans for Financial Reform, an influential group, calls on the SEC to act to combat a long-standing private equity abuse.
Read more...5 Ways Corporate Power Increases Inequality
How corporate power squeezes the middle class.
Read more...John Helmer: The Collapse of Russian Real Estate Investment – Will Children and Chinese Tourists Save the Mall?
Why the plunge in Russian commercial real estate prices reveals the large role of money laundering.
Read more...