Monday, August 18, 2025
Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different?
The latest installment in Justin Mikulka’s excellent series on fracking. The industry continues to promote new and improved saviors – this time, it’s Microsoft – to rescue it from an inconvenient truth: no one’s making any money, despite the high environmental costs incurred.
Brexit: Chaos Visible
Things continue to go badly for Theresa May’s Brexit.
The EU Is Facing Gigantic Questions About Its Future That Are Hidden in Obscure Bank Policy Decisions
The ECB again rides in to try to paper over fundamental problems with the EU’s structure and to offset is austerity bias by restarting QE. But the EU needs more government spending. Will it take another crisis to get there?
2:00PM Water Cooler 3/12/2019
By Lambert Strether of Corrente. Readers, this is a little top-heavy on politics, but I really had to do a pantry clearout! –lambert Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune […]
What’s New About Fake News?
Musing on why the level of crude propagandizing known as fake news has gotten worse.
Money, Digital Cash and Cryptocurrencies: Privacy Matters
Using laboratory experiments, the column shows that privacy matters, and increases the overall appeal of money.
JJ Jelincic: CalPERS’ Plan to Create 2 New Private Equity Companies, Give Away Billions With No Control Makes No Sense….Except to Make Fund Managers Rich
CalPERS still can’t justify its new private equity business model, and has even retreated to calling it just a concept, yet it wants the board to sign a blank check at next week’s meeting.
Bill Black: MMT Takes Center Stage – and Orthodox Economists Freak
On the remarkable surge of interest in and attacks against MMT by mainstream economists and pundits.
Boeing Crapification: Second 737 Max Plane Within Five Months Crashes Just After Takeoff
Another Boeing 737 aircraft crashed minutes after takeoff in Addis Ababa yesterday, killing all 157 passengers on board, in circumstances similar to last October’s Lion Air crash in Indonesia. Consequences for Boeing depend on what the just-recovered voice and data recorders reveal.
2:00PM Water Cooler 3/11/2019
Today’s Water Cooler: China trade, Biden, Gillibrand, Harris, Sanders, resistance grifters, retail sales, business inventories, leading indicators, Facebook, Boeing, investors and deforestation, wetland carbon storage, sea level rise, animal traction, grievances, emojis, browser tabs
The 2020 Democrats of the ‘Anti-Green New Deal Coalition’
The Green New Deal proposal has exposed widening rifts within the Democratic Party as presidential candidates begin fleshing out their 2020 platforms.
Medicare for All (the Perplexed)
A French lesson on Medicare for All.
