When Bank Boards Get Too Cozy, Expect Misconduct
Why regulators and investors need better measures of the connections between bank executives and their boards.
Read more...Category Archives: Dubious statistics
Stumpf is Still Faking It – Claims 75% Couldn’t Resist Wells Fargo Credit Cards
In a not-exactly-shocking development of the ongoing Wells Fargo account faking scandal (see our previous coverage here, here and here if you’re late to the party and need a quick catch-up) CEO John Stumpf, fighting a rear-guard action, is making outlandish claims about how, having begun the process of contacting customers who it has cause to […]
Read more...Wolf Richter: “Negative Growth” of Real Wages is Normal for Much of the Workforce, and Getting Worse – New York Fed
The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.
Read more...The Impact of Minimum Wage Changes on Infant Health
Why analyzing minimum wage increases solely in terms of labor market impact is shortsighted.
Read more...The Private Debt Crisis
Why private debt is so dangerous, and why that risk looms large, particularly in China.
Read more...Ilargi: China Relies On Property Bubbles To Prop Up GDP
More concerned tea-leaf reading in the wake of a BIS report that sounded alarms about China’s debt growth.
Read more...Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...New York Times Owes CalPERS a Retraction for Hatchet Job on Pension Fund Termination
The Grey Lady runs an error-filled piece on employer termination of plans with CalPERS, apparently carrying the water of pension privatizers.
Read more...How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...Wolf Richter: That 5.2% Jump in Household Income? Nope, People Aren’t Suddenly Getting Big-Fat Paychecks
The much-ballyhood 5.2% gain in household income doesn’t square with other data….and the details aren’t as pretty as the headline either.
Read more...Dirk Bezemer and Michael Hudson: Finance is Not the Economy
Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
Read more...Care Work as the Work of the Future
Economists despair about the impact of technology on jobs. They underestimate the need for care work, as in services for the young and aged.
Read more...Expansionary Fiscal Consolidation Myth
Why fiscal consolidation, which is neoliberal economists’ pet idea that austerity increases growth, is all wet.
Read more...Central Banks Pushing on Strings Again
More proof that central banks have lost the plot.
Read more...Bullish Economists Are So Yesterday
The confidence fairy is having trouble getting liftoff.
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