Looking back at the legacy of the man who created “the most deformed bond market in history.”
Recent Items
Thursday, September 25, 2025
Why the World Will Remember Departing ECB President as the Not-So-‘Super’ Mario Draghi
Topics: Banking industry, Europe, Guest Post, Income disparity
Posted by Lambert Strether at 6:45 am | 35 Comments »
The Oil Mystery Undermining An Aramco IPO
Why might investors be skittish about Aramco’s oil reserve claims?
Topics: Banana republic, Commodities, Dubious statistics, Energy markets, Guest Post, Middle East, Ridiculously obvious scams
Posted by Lambert Strether at 6:25 am | 44 Comments »
2:00PM Water Cooler 10/29/2019
Today’s Water Cooler: Biden and bankruptcy, Gabbard and RSS, Sanders and Tlaib, bipartisan support on “pay for,” consumer confidence, housing, real estate, Boeing, the 2010s, the ethics of algorithms
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 118 Comments »
Waste Watch: Single Use Plastics, Please Ban Them, Now
Why we need single-use plastics bans: to save us from our worst selves; plus a positive development on the recycling front.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post, Legal, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 1:55 pm | 23 Comments »
Links 10/29/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 194 Comments »
Climate Change: Massachusetts Finally Moves on Climate Change
Massachusetts follows New York in bringing climate change lawsuit against Exxon; litigation is wielded as an alternate form of regulation.
Topics: Environment, Global warming, Politics
Posted by Jerri-Lynn Scofield at 6:51 am | 28 Comments »
Joe Biden’s Acceptance of Super PAC Shows Campaign’s Desperation
Biden’s acceptance of super PACS shows how desperate his campaign is – and also reveals who pays the piper, calls the tune.
Topics: Banana republic, Guest Post, Politics
Posted by Jerri-Lynn Scofield at 5:55 am | 38 Comments »
The Sanders Plan to Legalize Marijuana Does More Than Legalize Marijuana
Discussion of comprehensive Sanders plan to legalize marijuana: legal and political implications.
Topics: Guest Post, Income disparity, Legal, Politics, Regulations and regulators, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 4:25 am | 37 Comments »
NYC Denizens! Please Stop by Our Meetup Tonight!
If you are in the NYC area today, please swing by our meetup this evening for some fun and good company.
Topics: Notices
Posted by Yves Smith at 1:29 am | 2 Comments »
Global Protests Round-Up, Proposed Causes: Global Slump, Income Inequality, Social Media (and More)
Today’s global protests are an enormous story, bigger than Occupy. Here are some of the frames that journalists are using to cover them.
Topics: Banana republic, Globalization, Guest Post, Politics
Posted by Lambert Strether at 4:25 pm | 18 Comments »
2:00PM Water Cooler 10/28/2019
Today’s Water Cooler: Biden, Sanders, Warren, impeachment and the so-called “deep state,” William Gibson and RussiaGate, voting machines, trade, national activity, inventories, manufacturing, AirBnB, Tesla, Apple, PG&E, fracking and earthquakes, Amílcar Lopes de costa Cabral, Bob Dylan, the fabulous Sixties
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 159 Comments »
Links 10/28/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 190 Comments »
The Boss on Board: Mafia Infiltrations, Firm Performance, and Local Economic Growth
Italian firms infiltrated by the Mafia are disproportionately in the utilities and financial services sectors and that infiltration has a strong negative effect on local long-term employment growth.
Topics: Banana republic, Corporate governance
Posted by Lambert Strether at 6:50 am | 10 Comments »
Elizabeth Warren’s Plan-itis: Excessive Lobbying Case Study
A hard look at a Warren plan reveals a lot not to like.
Topics: Banana republic, Free markets and their discontents, Income disparity, Politics, Regulations and regulators
Posted by Yves Smith at 3:10 am | 29 Comments »
Johnson’s Brexit Is Inspired by Blair, Eden and Chamberlain – Not Churchill
Describing how the political roots of Brexit run deep.
Topics: Guest Post
Posted by Yves Smith at 2:20 am | 29 Comments »