Debunking “The Big Short”: How Michael Lewis Turned the Real Villains of the Crisis into Heroes
How Michael Lewis’ The Big Short, whether for profit or by accident, has denied the public the truth about what really causes the crisis.
Read more...Category Archives: Dubious statistics
How Economics and Race Drive America’s Great Divide
On how race plays into the operation of a “dual economy”.
Read more...Our Bloomberg Op-Ed on CalPERS’ Plan to Get Rid of Private Equity Risk by Ignoring It
CalPERS’ plan to eliminate the measurement of private equity risk, a seismic change, is a case study in how staff manipulates the board to its own advantage.
Read more...The Puzzle of Technical Dis-Employment and Productivity Slowdown
How can recent technical change could both be a major source of dis-employment and not be associated with productivity improvement?
Read more...The Importance of Wealth Concentration and Why It is So Difficult to Measure
As bad as available data says wealth concentration is, it is probably even worse.
Read more...Bond, Treasury Bond: 007 is Out of Cash, but Your Government Can’t Be
So now even austerity is getting product placement in movies….
Read more...Gaius Publius: How to Think About the Paris Climate Talks
The Paris climate talks are destined to be too little, too late, and here is a framework for understanding why.
Read more...New Studies: Do ‘Competitive’ Corporate Tax Cuts Boost Growth?
A new study devastates the widely-touted claim that corporate tax cuts promote growth.
Read more...“Failed: What the ‘Experts’ Got Wrong about the Global Economy”
An excerpt from CEPR co-director Mark Weisbrot’s important new book, Failed.
Read more...CalPERS Used Sleight of Hand, Accounting Tricks, to Make False “There is No Alternative” Claim for Private Equity
CalPERS staff and outside experts went to considerable lengths distort data and abuse analytical methods to make the case that only private equity could offer the allegedly superior returns needed to meet CalPERS’ targets. The fact that CalPERS did not make an honest case for private equity suggests that no honest case could be made.
Read more...Tom Ferguson: Who is Supporting Trump?
Our favorite curmudgeon, political scientist Tom Ferguson, appeared on Real News Network to tease some signal out of the considerable noise on Donald Trump.
Read more...Harvard Professor Josh Lerner Gave Weak and Internally Contradictory Plug for Private Equity at CalPERS Workshop
Harvard’s Professor Josh Lerner gave CalPERS what was presumably a pep talk for investing in private equity that was so contradictory as to amount to a case against it.
Read more...CalPERS Debunks Private Equity: Executive Summary
Announcing a series that shows how CalPERS’ efforts to defend its private equity program through a workshop for its board backfired.
Read more...CalPERS Hired a Fiduciary Counsel Accused of Serious Misconduct Over More Than a Decade, Including Kickbacks, Failure to Disclose Conflicts of Interest
CalPERS’ board has hired a fiduciary counsel, Robert Klausner, who has been associated with scandals for over a decade, the latest in Jacksonville, Florida.
Read more...Ilargi: The Great Fall Of China Started At Least 4 Years Ago
Why China’s slowdown and exported deflation started far earlier than most pundits and analysts would have you believe.
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