More on Frank Partnoy’s Misguided Take on Collateralized Loan Obligations
No, collateralized loan obligations are not about to wipe out banks, and Frank Partnoy should have focused on real risks, like destruction of productive capacity.
Read more...Category Archives: Pandemic
Reviving the Economy, Creating the ‘New Normal’
Covid-19 rescues will reshape the economy, as we see in the US, with fat cats getting fatter. Will other countires make sounder choices?
Read more...Restaurants Face Major Obstacles to Reopening
A recap of why restaurants will have a tough time regaining their footing.
Read more...No, We Don’t Need to Place Our Faith in Downloading Some Untested, Privacy-Infringing App as the Only Possible COVID-19 Slayer; Why Don’t We Look to Places that Have Successfully Limited Disease Spread and Copy Their Policies?
Ars Technica clutches pearls at poll showing decline in those willing to download privacy-infringing app to stymie spread of COVID-19.
Read more...Some Thoughts on New York City and the Dim Prospects for American Cities
Major cities are in serious trouble and hte outlook is grim.
Read more...Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
Yanis Varoufakis briefs Assange on the devolution of capitailsm.
Read more...Coronavirus Recovery: Why Local Markets are Key to Reviving Our Locked Down Town Centres
Local markets, not supermarkets, are a key part of reviving city centres as the UK emerges from its coronavirus lockdown.
Read more...CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Read more...Dicamba Drift: Trump EPA Defies 9th Circuit Ruling
EPA issues cancellation order to attempt to overrrule Ninth Circuit dicamba opinion; plaintiffs’ lawyers file emergency motion.
Read more...Unsung Heroines: Who Cares for the Carers?
Even before COVID-19, the world was facing a care crisis, a problem that is only worsening.
Read more...The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Read more...Initial Jobless Claims Decline Further, But Continuing Claims Fail To Make Meaningful Progress
Wellie, the latest jobless claims data wan’t horrific, merely very bad
Read more...Food Security: UN Warns People Are Vulnerable to Shortages as the COVID-19 Pandemic Continues
United Nations warns about food security, particularly for the world’s poorest, as the COVID-19 recession overwhelms the globe.
Read more...States Sue Drug Companies and Execs for Generic Price-Fixing; Is the Tide Turning on Willingness to Allow Big Pharma a Get Out of Jail Free Card for its Egregious Behavior?
State AGs sue drug companies and their executives for alleged price-fixing. Are we willing to rescind Big Pharma’s Get Out of Jail Free Card?
Read more...Wolf Richter: The Chilling Things Delta Said about the Airline Business, the 90% Collapse in Q2 Revenues, and Why Some Demand Destruction May Be “Permanent”
Delta’s latest SEC filing reiterates the dire situation airlines face as a result of the COVID-19 pandemic.
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