Tuesday, July 1, 2025

Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out

A major story on the CLOs chooses not to address the key questions.

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.

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.

2:00PM Water Cooler 5/14/2020

Today’s Water Cooler:

Reopening Isn’t Reopening—It’s Cutting Off Unemployment

In case you wondered why conservative states are all gung ho about reopening….

Links 5/14/2020

Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects

Not surprisingly, public pension fund economics look pretty sick.

Congress and Corporations Join Forces To Crush American Small Business

Funny how that small business bailout worked…..

Is EIA Data Disguising A Disastrous Decline In U.S. Shale?

Tallying some of the recent shale production cuts.

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

The Wealth Effects of Bailouts: A Quantitative Assessment

Once again, income earned by the many is used to save the wealth of the few.

Links 5/13/2020

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.

A Way To Make COVID-19 College Furloughs More Fair

Looking at how to cope with the college and university funding crisis.

Testing and the State Petri Dishes of Democracy

Looking at state (non) progress on Covid-19.