Central bankers pursue a “neutral” rate that doesn’t exist.
Recent Items
Sunday, June 15, 2025
The Natural Rate of Interest Is Anything But
Topics: Credit markets, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, The dismal science
Posted by Yves Smith at 9:55 am | 20 Comments »
Links 1/29/19
Topics: Links
Posted by Yves Smith at 6:55 am | 232 Comments »
Brexit Is Good News for Those in the Business of War
Arms merchants are lining up deals in anticipation of Brexit.
Topics: Banana republic, Brexit, Doomsday scenarios, Free markets and their discontents, Guest Post, Media watch
Posted by Yves Smith at 4:27 am | 21 Comments »
Chinese Growth: A Balancing Act
What is driving the slow-down in Chinese growth and what are the implications for Chinese policymakers and the global economy?
Topics: China, Dubious statistics, Economic fundamentals, Guest Post
Posted by Yves Smith at 4:03 am | 11 Comments »
Minnesota Winters Ain’t What They Used To Be
Wimpy winters are the new normal.
Topics: Environment, Global warming, Guest Post
Posted by Yves Smith at 3:07 am | 55 Comments »
2:00PM Water Cooler 1/28/2019
Today’s Water Cooler: Howard Schultz, AOC, DSA brakelight clinics, taxes and capital investment, manufacturing, lithium, Walmart, Caterpillar, Uber, Amazon, China’s Theranos of robot cars, sky wonders, ancient jellyfish, water, labor and ending the shutdown, billionaires, neanderthals
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 183 Comments »
Global Gains on Right to Repair
The right to repair movement is growing — not just in the US, but in the EU, Australia, and New Zealand as well.
Topics: Australia, Environment, Europe, Guest Post, New Zealand, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Jerri-Lynn Scofield at 9:55 am | 14 Comments »
Links 1/28/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 167 Comments »
Private Equity Expert Dr. Ashby Monk Repudiates CalPERS CEO Marcie Frost’s Private Equity Scheme During and Immediately After Presentation at CalPERS
CalPERS can’t even get friendly private equity experts to back Marcie Frost’s hare-brained scheme.
Topics: CalPERS, Dubious statistics, Investment management, Private equity
Posted by Yves Smith at 5:53 am | 20 Comments »
How This Oil Refiners Group Rallied GOP Governors’ Support for Trump’s Rollback of Auto Standards
The story of how oil refiners group marshalled the support of Republican governors behind the Trump administration’s rollback of CAFE auto emissions standards.
Topics: Auto industry, Environment, Global warming, Regulations and regulators, Ridiculously obvious scams
Posted by Jerri-Lynn Scofield at 3:55 am | 8 Comments »
Vital Economic Data Was Likely Lost During the Shutdown – Here’s Why It Matters to All Americans
Another shutdown cost….
Topics: Banana republic, Dubious statistics, Economic fundamentals, Guest Post
Posted by Yves Smith at 2:01 am | 11 Comments »
Confirming Fort Lauderdale Meetup for Thursday, February 7
Confirming our first Fort Lauderdale meetup! I hope those of you in Florida can come by.
Topics: Notices
Posted by Yves Smith at 1:01 am | 10 Comments »
7th Circuit Rules Age Discrimination Law Does Not Include Job Applicants
Seventh Circuit hands down major age discrimination decision holding that federal disparate impact protection does not extend to job applicants and applies to employees only.
Topics: Guest Post, Legal, Politics, Ridiculously obvious scams, Social policy
Posted by Jerri-Lynn Scofield at 1:25 pm | 44 Comments »
Links 1/27/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 241 Comments »
Marshall Auerback: In Antitrust, Size Isn’t Everything
Simply breaking up monopolies via century-old economic remedies recommended by antitrust doctrine is insufficient if it is not accompanied by a rebalancing of economic power.
Topics: Banana republic, Banking industry, Income disparity, Legal, Market inefficiencies, Politics, Regulations and regulators, Technology and innovation, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 1:55 am | 46 Comments »