A major story on the CLOs chooses not to address the key questions.
Recent Items
Tuesday, July 1, 2025
Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out
Topics: Credit markets, Doomsday scenarios, Dubious statistics, Federal Reserve, Hedge funds, Investment management, Pandemic, Private equity, Risk and risk management
Posted by Yves Smith at 6:40 am | 26 Comments »
Reminder: When the Very Very Rich Are Done With Us, They Plan to Leave Us Behind
More evidence, as if you needed it, that the super rich are not your friends.
Topics: Banana republic, Doomsday scenarios, Free markets and their discontents, Guest Post, Income disparity, Pandemic
Posted by Yves Smith at 6:35 am | 138 Comments »
America’s Chilling Experiment in Human Sacrifice
The US is willing to practice human sacrifice, rather than explore a way of defining wealth outlined by 19th-century thinker John Ruskin.
Topics: Banana republic, Guest Post, Income disparity, Pandemic, Politics, The dismal science
Posted by Jerri-Lynn Scofield at 4:25 am | 42 Comments »
2:00PM Water Cooler 5/14/2020
Today’s Water Cooler:
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 163 Comments »
Reopening Isn’t Reopening—It’s Cutting Off Unemployment
In case you wondered why conservative states are all gung ho about reopening….
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 46 Comments »
Links 5/14/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 188 Comments »
Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects
Not surprisingly, public pension fund economics look pretty sick.
Topics: Banana republic, CalPERS, Economic fundamentals, Investment management, Investment outlook, Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:40 am | 58 Comments »
Congress and Corporations Join Forces To Crush American Small Business
Funny how that small business bailout worked…..
Topics: Banana republic, Banking industry, Economic fundamentals, Guest Post, Income disparity, Pandemic, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:37 am | 32 Comments »
Is EIA Data Disguising A Disastrous Decline In U.S. Shale?
Tallying some of the recent shale production cuts.
Topics: Dubious statistics, Economic fundamentals, Energy markets, Guest Post, Investment outlook, Pandemic
Posted by Yves Smith at 4:35 am | 8 Comments »
2:00PM Water Cooler 5/13/2020
Today’s Water Cooler: #COVID19 stats (linear), Biden “hiding,” Biden’s career, Sanders and the DSA, Sanders and Biden (transcript), Biden task force, Trump polling, AOC ballot gaffe, recession stats, containers, Uber, robot cars, Musk and our failed state, anti-vaxxers, COVID19 and elders
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 166 Comments »
The Wealth Effects of Bailouts: A Quantitative Assessment
Once again, income earned by the many is used to save the wealth of the few.
Topics: Banana republic, Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 30 Comments »
Links 5/13/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 174 Comments »
Foreign Affairs Runs Propaganda from Swedish Employers on Sweden’s Covid-19 Fiasco, Failing to Disclose Sponsorship and Misrepresenting Results
Foreign Affairs runs “dangerous to your health” propaganda from the Sweden without informing its readers.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Europe, Free markets and their discontents, Health care, Income disparity, Media watch, Pandemic, Ridiculously obvious scams
Posted by Yves Smith at 6:54 am | 142 Comments »
A Way To Make COVID-19 College Furloughs More Fair
Looking at how to cope with the college and university funding crisis.
Topics: Economic fundamentals, Income disparity, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 6:53 am | 16 Comments »
Testing and the State Petri Dishes of Democracy
Looking at state (non) progress on Covid-19.
Topics: Doomsday scenarios, Dubious statistics, Guest Post, Pandemic, Politics, Science and the scientific method, Social policy
Posted by Yves Smith at 6:39 am | 12 Comments »