How to do a better job of getting relief to those who need it.
Recent Items
Wednesday, October 15, 2025
Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Guest Post, Income disparity, Macroeconomic policy, Market inefficiencies, Pandemic, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:53 am | 10 Comments »
Another Blow to Tax Evasion and Money Laundering: UK Targets Art Market After US Goes After Anonymous Shell Companies
The US and UK are making life a bit harder for tax cheats.
Topics: Banana republic, Banking industry, Free markets and their discontents, Legal, Real estate, Regulations and regulators, Taxes
Posted by Yves Smith at 5:25 am | 5 Comments »
Stock Market Leverage Spikes in Historic Manner: Another WTF Chart of a Zoo that Has Gone Nuts
In an investment environment where nothing matters anymore – until old fasioned worries like leverage suddenly do.
Topics: Banana republic, Banking industry, Credit markets, Derivatives, Doomsday scenarios, Free markets and their discontents, Guest Post, Investment outlook
Posted by Yves Smith at 2:02 am | 20 Comments »
2:00PM Water Cooler 3/18/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 118 Comments »
CalPERS Laughingstock: Marcie Frost, Who Previously Pursued Non-Existent Dual Bachelors/Masters Degree, Designates Herself Law School Grad and Bar Member; Investment Committee Chair Theresa Taylor Admits Not Knowing What SPACs Are
CalPERS’ leadership has such an advanced case of Dunning Kruger effect that they can’t recognize when they are making fools of themselves.
Topics: Banana republic, CalPERS, Corporate governance, Garrulous insolence, Legal
Posted by Yves Smith at 9:46 am | 26 Comments »
CalPERS Board Member Theresa Taylor Outs that a Staff Member Has Committed Fraud; When Will Giant Pension Come Clean?
Yet more misconduct at CalPERS.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal
Posted by Yves Smith at 9:45 am | 6 Comments »
Links 3/18/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 134 Comments »
Patent System Often Stifles the Innovation It Was Designed to Encourage
Why the US patent regime is broken and what could be done to fix it.
Topics: Economic fundamentals, Guest Post, Legal, Regulations and regulators, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 5:06 am | 26 Comments »
The Free Press versus Facebook and Google
Are Facebook and Google the new ‘public square’? Or are they publishers swiping content from others?
Topics: Free markets and their discontents, Guest Post, Legal, Media watch, Regulations and regulators, Ridiculously obvious scams, Surveillance state, Technology and innovation
Posted by Yves Smith at 4:46 am | 12 Comments »
The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Topics: Banking industry, Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, The dismal science
Posted by Yves Smith at 1:17 am | 34 Comments »
2:00PM Water Cooler 3/17/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 123 Comments »
Legalise It: Prohibition’s Repeal and Its Unintended Impact on Public Health
How the US Prohibition remains widely misunderstood and why that matters.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Legal, Politics, Regulations and regulators, Social policy
Posted by Yves Smith at 9:55 am | 51 Comments »
Links 3/17/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 126 Comments »
Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth
Why it’s time for a widespread debt writedown.
Topics: Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Pandemic, Politics, Real estate, Social policy, The destruction of the middle class
Posted by Yves Smith at 6:15 am | 33 Comments »
Yanis Varoufakis: Draghi’s Outrageous Deployment of McKinsey, Europe’s Predicament, DiEM25’s Proposals
Yanis Varoufakis decries how McKinsey is undermining democracy in a putative first world country, a big step up from South Africa and Saudi Arabia.
Topics: Banana republic, Europe, Free markets and their discontents, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 6:14 am | 10 Comments »