Category Archives: Investment management

Satyajit Das: The Shadow of Financial Instability

Shadow banks, rebranded as anodyne “non-bank financial institutions” are larger than ever and pose a threat in a new financial crisis

Political Power and Profitable Trades in the US Congress

A new study finds that it’s not the Congress rank and file that generates insider trading big bucks, only some of the leaders.

Russian Central Bank Sues Euroclear Over Frozen Assets; Will the EU Be Hoist on the Investor-State Settlement Disputes (ISDS) Petard?

Hoo boy. Russia looks to be using much demonized (by labor and environmental rights advocates) investor-state dispute settlement provisions to pursue Euroclear.

Trump Administration Joins EU in Russian Frozen Asset Madness

I want whatever Team Trump is smoking. Their Russian frozen assets plan has achieved impressive new levels of delusion.

Economic Questions: James Tobin’s Transaction Tax

A Tobin tax is a no-brainer for reducing speculation and financial crisis risk. That is reason enough to keep it from being implemented.

Wordle, the Wisdom of Crowds, and Bubbles

What Wordle play says about markets and bubbles.

President Putin and Prime Minister Modi Share a Future Strategy That’s No Joke for President Trump

Even with the Putin-Modi lovefest and shared strategic aims, meeting their trade targets will be a heavy lift.

Another Shutdown Cost: Skewed and Limited Private Data as Economic Hazard

Due to the shutdown, official economic data has slowed to a crawl. Policymakers, markets, and citizens are turning to private-sector numbers.

Wall Street Journal Insults Reader Intelligence, Depicts Lenders as Addressing Loan Risks When That Horse Has Left the Barn and Is in the Next County

The Wall Street Journal does its readers no favors in its whole-hog adoption of the fraud spin in ‘splaining high profile loan losses.

Trump to Give CEOs Even More Power Versus Investors Via Ending Quarterly Reporting, Other Anti-Transparency Measures

Trump is again weakening America’s position to the benefit of the privileged few, here public company CEOs

‘Disaster in the Making’: Trump to Open 401(k)s to Crypto, Private Equity Vultures

“Stuffing private equity, crypto…. into 401(k)s is about propping up scams and bailing out an industry that’s run out of buyers”

Financial Times and Stanford Business School Describe How Private Equity Investors Like CalPERS Act Like the Dumb Money They Are

More on how private equity investors like CalPERS willingly go along with their victimization.

“How Much Longer Can We Trust Our Economic Statistics?”

Trump budget whackage will further degrade the quality of official statistics. And that really does matter.

Good Riddance: CalPERS’ Atrocious General Counsel Matt Jacobs to Retire

A partial catalogue of the horrowshow of Matt Jacob’s tenure as CalPERS general counsel.

Insurers Dump Catastrophe Risk of Climate Change and Earthquake to Chump Bond Investors. What Could Go Wrong?

Garden variety investors, including retail, are signing up to insure climate change and other disaster risk via catastrophe bonds.