Taxcast: South Dakota as Tax Haven, Stopping Corporate Tax Dodgers
How South Dakota is helping the US become an even bigger player in the tax haven game.
Read more...Category Archives: Banking industry
Wolf Richter: Mnuchin as Sears Director Oversaw Asset Stripping, Underfunding of Pension; Faces Conflict as Treasury Secretary
Treasury Secretary nominee Steve Mnuchin only got his hair messed up a bit at his Senate confirmation hearing.
Read more...Ending Too Big to Fail
Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]
Read more...How The Bond Buyer Hyped a Goldman Ripoff of DC Water as “Deal of the Year”
Municipal bond publication The Bond Buyer gives itself a black eye by touting a ripoff of a sewer and water authority as a good deal.
Read more...Finance and Growth: The Direction of Causality
Too much finance is highly correlated with slower growth. But which comes first?
Read more...Bill Black: Obama Loved Austerity and the New Democrats Remain Addicted to It
Black blasts Obama for prescribing austerity and presenting it as good for Americans when it is good only for financiers and the rich.
Read more...The Fed in an Age of Uncertainty
How uncertainty over the wisdom of the Fed starting to tighten in 2017 and its reading of Trump policies might impact other economies.
Read more...How To Balance Sovereignty and Integration in a Voluntary EU
Why is the EU project in trouble and what might be done to fix it?
Read more...More Brexit Delusion: City Issues Wish List That the EU Already Rejected
When you’d thought the British had reached the limits of outlandishness on the Brexit front, they manage to outdo themselves.
Read more...Wolf Richter: What’s Going on with the Banks? Citi Cuts Goldman to “Sell,” after Goldman Cut Citi to “Neutral”
Citi and Goldman downgrades suggest the Trump trade may be overdone.
Read more...Tom Ferguson: Monetary Policy Can’t Levitate a Broken Economy
How central banks’ policy remedies have taken big steps backwards.
Read more...Yet Another Glaring Flaw With Trump Infrastructure Plan: Dependence on Vagaries of Tiny, Slow-Moving Tax Equity Market
The oh-so-clever Trump plan to use tax credits to fund infrastructure spending means it will be too small and slow to provide any real boost.
Read more...Will Trump Take the Poisoned Chalice of Firing CFPB Director Richard Cordray?
Why firing Consumer Financial Protection Bureau Director Richard Cordray would probably turn out to be a win for Democrats.
Read more...Trump Selects Jay Clayton, S & C Partner, to Head SEC
Trump’s choice to head the SEC, prominent corporate lawyer Jay Clayton, is much more of a mainstream pick than many of his other appointments so far.
Read more...Don Quijones: Power & Profit Fuel War on Cash in Europe
Be warned: European officials have already starting taking tough moves in the war on cash.
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