Moodys: Public Pension Underfunding to Worsen as Returns Lag
Moodys give an update on the sorry state of public pension funds’ coffers.
Read more...Category Archives: Dubious statistics
Why a Serious Oil Rebound Is Not Coming Soon
Why the oil price recovery is still a way away.
Read more...Nicholas Shaxson: Why “National Competitiveness” is Like Ice Cream
Beware of accounting firms playing with numbers to push tax competitiveness, as in tax breaks.
Read more...Flint’s Water Crisis: A Chronicle of Disenfranchisement, Denial, and Buck-Passing
A must-see documentary on Flint’s water crisis.
Read more...Ilargi: China – A 5-Year Plan And 50 Million Jobs Lost
Why China will be unable to escape the loss of millions of jobs.
Read more...Forecasting Elections
How have prediction markets done versus the pundits in forecasting the 2016 elections so far?
Read more...A Proposed Natural Gas Pipeline is Next to a Nuclear Power Plant. What Could Go Wrong?
Someone needs to remind the overseers of old nuclear power plants that tail risks are greater than they think.
Read more...Some Real Costs of the Trans-Pacific Partnership: Nearly Half a Million Jobs Lost in the US Alone
The Trans-Pacific Partnership will lead to job losses overall, with the US taking the biggest hit.
Read more...Was Clintonomics Good for Working People?
Why Clintonomics does not live up to its PR.
Read more...James Galbraith: The Friedman v. Romers Growth Debate on the Sanders Plan – A Summing Up
How the real point of contention between Friedman and the Romers over the Sanders plan has been misconstrued.
Read more...James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan
James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.
Read more...Negative Rates, Negative Reactions
A new survey suggests that negative rates will be counterproductive. Consumers will not spend more, as central banks wish, but will hoard.
Read more...Wolf Richter: Is This the Beginning of the Next Recession?
A sustained contraction in manufacturing historically has been a harbinger of recession. Be warned.
Read more...Satyajit Das: Age of Stagnation or Something Worse?
In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.
Read more...Wolf Richter: Financial Chaos, Junk Bond Edition
Junk bonds are at 2008 bottom levels by some measures. But are they a bargain, or a falling safe?
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