It’s Fr-i-i-i-i-i-day!
Friday, July 4, 2025
The Coming Battle for the COVID-19 Narrative
Will the disruption of Covid-19 deal a major blow to market ideology?
The Use and Abuse of MMT
Using government spending power to bail out financiers and rentiers makes a travesty of MMT.
CalPERS Dumps Risk Hedge Right Before Coronacrash, Sacrificing $1 Billion and Confirming Doubts About Chief Investment Officer Ben Meng’s Expertise
CalPERS supposed star hire Ben Meng just cost the giant fund $1 billion, over the objections of expert adviser Wilshire Associates.
COVID-19 Crisis Threatens Beleaguered Assisted Living Industry
Unregulated assisted living facilities are becoming hotbeds of coronavirus cases.
2:00PM Water Cooler 4/9/2020
Today’s Water Cooler: I’m still feeling the effects of “Super Pink Moon,” and I don’t feel like writing a summary. Sorry, not sorry. Plenty inside, though.
Overloaded Morgues, Mass Graves and Infectious Remains: How Forensic Pathologists Handle the Coronavirus Dead
The handling of the dead is a major but not much discussed challenge with coronavirus.
The Misguided Discussion of “Herd Immunity”
On the large gap between what the public and the scientific/medical community think about Covid-19 immunity, including testing for it.
Last Chance to Save the Euro?
The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.
The Coming Debt Crisis
Emerging market economies loaded up on debt after the crisis, which is now looking like a particularly bad move.
2:00PM Water Cooler 4/8/2020
Today’s Water Cooler: Plenty of other news, but the big news is that Sanders “suspends” his campaignl.
Angela Merkel Urged To Put European Solidarity Over German Interests and Back Coronabonds
Angela Merkel is under pressure to abandon her long-standing “Germany first” policy towards the EU. Will she finally relent?
