By Don Quijones, Spain, UK, & Mexico, editor at Wolf Street. Originally published at Wolf Street. Economic history appears to be rhyming once again in Latin America. Perennial credit-basket-case Argentina was one of the first countries to suffer a major currency crisis this century. Now, its government has asked the IMF for a brand-new bailout. […]
Saturday, February 7, 2026
Political Precariat
A look at the broader economic and political implications of the rise of the precariat.
Trump Vows (Again) To Lower Drug Prices But Skeptics Doubt Much Will Change
Why Trump’s drug price plan is unlikely to accomplish much.
2:00PM Water Cooler 5/11/2018
Today’s Water Cooler: GM in Korea, generic ballot, California Dems, corruption in New York, consumer sentiment, AirBnB, Tesla fires, Medicaid expansion, Walmart, RIP Klout, copiers
The Forgotten Vision of Market Socialism
How two economists sought to reconcile Marx’s idea of common ownership with market mechanisms.
CalPERS CEO Marcie Frost’s Featherbedding: Seeks Further Pay Increase Despite Underfunding, Municipalities Suffering to Meet Rising Pension Bills
Why authorizing a further pay increase for CalPERS CEO Marcie Frost is indefensible, but CalPERS cronyistic board will almost certainly set that plan in motion next week.
Ilargi: Iran – Let’s (Not) Make a Deal
And about that Iran deal….an elephant in the room the media and punditry are conveniently ignoring.
2:00PM Water Cooler 5/10/2018
Today’s Water Cooler: Midterm spending, sheriffs, consumer prices, shipping, medical supply chain, robot cars, DSGE models, volatility, large predators, birthday boy Karl Marx, Jony Ive, reading
Criminality, CalPERS Style: Board Members Misappropriate Public Funds by Signing Blank, Undated Expense Forms
The CalPERS Board President, Priay Mathur, the Board Services Unit, and board members are pre-signing expense forms in violation of the California Penal code.
Election-Rigging, CalPERS-Style: How Voting by Phone Was Designed to Favor Incumbent, Suppress Support for Challenger
CalPERS not only looks to have tried to throw the phone voting in a runoff election last year in favor of the incumbent, but it is acting awfully guilty by refusing to cough up records and data.
CalPERS Has Chief Financial Officer Charles Asubonten, With Verifiable Misrepresentations on His Resume, Presenting to the Board Next Week. What Gives?
CalPERS CEO Marcie Frost appears to be doubling down on her initial bad judgment about Chief Financial Officer Charles Asubonten’s resume misrepresentations by featuring him prominently at a board committee meeting next week.
Airbnb Turns to Brussels for Help as Anti-Tourist Backlash Intensifies in Europe
Airbnb is on the run in Europe and desperate to find allies.
