Banana republic Archives - Page 163 of 345

Hot Money and Financial Activity in Commodity Exporters

A new World Bank paper looks at the interaction between commodity prices and commodity exporters. It’s a story about hot money.

Big Wall Street Firms Make Lame Excuse for Volcker Rule Non-Compliance, Ask for Additional Five Year Extension

Big Wall Street firms like Goldman and Morgan Stanley offer “dog ate my homework” excuses for failure to comply with the Volcker Rule.

William Astore: Why Do Military Professionals Remain Silent About America’s Disastrous Wars?

Why is there so little domestic criticism of U.S. foreign policy and its disastrous wars and so little military dissent in particular?

Bill Black: Thomas Friedman – Deregulation Makes Banking Safe

Thomas Friedman, who needs to be renamed “Wrong Way Friedman,” tries peddling the canard that deregulation is a plus for bank stability.

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.

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.

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.

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 […]