Wolf Richter: This Chart Truly Depicts a New, Terrible Trend in Jobs Mess
As Oregoncharles put it, in terms of labor force participation, “Obama has now cancelled out the entire effect of the Women’s Movement.”
Read more...Category Archives: Dubious statistics
Private Equity Underperformance Denialist, Pension Consulting Alliance, Tells CalSTRS to Fix Performance Problems by Scrapping Benchmark
CalSTRS’ and CalPERS’ consultant, Pension Consulting Alliance, argues for getting rid of benchmarks altogether in a desperate effort to depict investing in private equity as ever and always sound.
Read more...Greece: No Lessons Learned
Greece, which has undertaken the most severe austerity, has experienced the deepest economic contraction. But the policy quackery continues.
Read more...Gaius Publius: They Knew – Exxon’s Own Research Confirmed Fossil Fuels’ Role in Global Warming Decades Ago
Exxon knew as early as 1977 that earth’s climate was being seriously disrupted, and would continue to be disrupted, by carbon dioxide emissions. Yet in the 1980s they pivoted to financing an aggressive climate denial effort .
Read more...Building a Historical Index of Happiness Using Google Books
Is there merit in trying to measure happiness hundreds of years ago versus now?
Read more...John Helmer: MH17 – Dutch Prepare Missile Attack on Moscow
The Dutch Government has decided to launch a missile attack on Moscow in October. By suppressing all evidence obtained from the bodies of victims of the crash of Malaysian Airlines MH17, officials of the Dutch Safety Board and associated Dutch military officers, police and prosecutors are preparing to release a report on the crash with a gaping hole in its veracity.
Read more...Perry Mehrling: What Does Repo Do? And Can We Do Without It?
Repo is the system that failed during the financial crisis, leading the Fed to ride to banks’ rescue. Is repo any safer now?
Read more...Household Labor, Caring Labor, Unpaid Labor
A discussion of the practical and policy implications of failing to measure household labor and production.
Read more...Wolf Richter: Americans’ Economic Outlook Plunges
The latest poll of Americans’ economic outlook shows most expect things to get worse…and the survey was before the market rout started last Friday.
Read more...How Medical “Misbranding” Puts Patients at Risk
How the anodyne term “misbranding” covers conduct which can, and too often does, lead to higher patient death rates.
Read more...The ALEC Rankings: Does Smaller Government Mean Higher Growth?
Demonstrating why Menzie Chinn stated, “The ALEC economic outlook ranking is, in my assessment, a manifestation of faith based economics.”
Read more...The GM Labeling Law to End All Labeling Laws
Campaigners for the Orwellianly-named “Safe and Accurate Food Labeling Act of 2015” falsely demonize those who want GM labeling as anti-science.
Read more...Greek Debt Sustainability: The Devil is in the Tails
The debate over Greek debt sustainability is muddied by the fact that different analysts use different definitions. But once you use realistic assumptions, as in “tails risks” are actually pretty likely, Greek debt is obviously not “sustainable”.
Read more...Wolf Richter: China’s Hard Landing Suddenly Gets a Lot Rougher
Despite the 7% GDP growth published and hotly defended by the Chinese government, it is increasingly clear that the country is beset with a host of immense problems, after a debt-fueled binge of overbuilding and over-stimulating.
Read more...Bill Black: Republican Candidates Agree that the System is Rigged for the Rich
The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.
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