Monthly Archives: December 2014

December 31, 2014

• Links New Years Eve
  by Yves Smith 6:55 am

• “Summer” Rerun: Quelle Surprise! Hank Paulson and Goldman CEO Talked to Each Other a Lot!
  by Yves Smith 3:42 am

• Climate Change Triage: What Do You Protect – Money or People?
  by Yves Smith 2:55 am

December 30, 2014

• Links 12/30/14
  by Yves Smith 6:55 am

• Wolf Richter: It’s Official – Inflated Home Prices Strangle US Housing Market
  by Yves Smith 1:54 am

• Why Getting Rid of Loan Officers Hurt Banks and the Economy
  by Yves Smith 1:14 am

December 29, 2014

• Links 12/29/14
  by Lambert Strether 6:55 am

• Thomas Ferguson: U.S. Midterm Election Voter Turnout at Pre-Civil War Level
  by Lambert Strether 3:55 am

• Yanis Varoufakis: The Euro’s First Inkling – A Piece in Lieu of Best Wishes for 2015
  by Lambert Strether 1:55 am

December 28, 2014

• Links 12/28/14
  by Yves Smith 6:55 am

• The Awnings of Walmart: Adding Ugliness to All the Other Indignities Foisted on the Poor
  by Yves Smith 2:58 am

• Don Quijones: How the Trade in Services Agreement Lets Big Brother Go Global
  by Yves Smith 1:03 am

December 27, 2014

• Links 12/27/14
  by Yves Smith 6:55 am

• Google Further Crapifies Search, Exploiting Both Users and Advertisers
  by Yves Smith 4:15 am

• “Summer” Rerun: On the Sanctity of Wall Street Pay
  by Yves Smith 4:03 am

December 26, 2014

• Prominent MMT Advocate Stephanie Kelton to Become Chief Economist for Senate Budget Committee
  by Yves Smith 11:47 pm

• Links 12/26/14
  by Yves Smith 6:55 am

• Stephen Roach Takes the Fed to the Woodshed
  by Yves Smith 5:09 am

• “Summer” Rerun: So Where, Exactly, Did Lehman’s $130 Billion Go?
  by Yves Smith 4:34 am

December 25, 2014

• Links Christmas Day 2014
  by Lambert Strether 6:55 am

• The Airing of the Grievances
  by Lambert Strether 3:55 am

• Greece to the Eurozone’s Rescue: Why the Troika Should Forgive Greece’s Debt
  by Lambert Strether 1:55 am

December 24, 2014

• 2:00PM Water Cooler 12/24/14
  by Lambert Strether 1:58 pm

• Science Journal Fraud: Paying for Placement
  by Yves Smith 9:55 am

• Links 12/24/14
  by Yves Smith 6:55 am

• Christmas Economics: Challenging Some Common Beliefs
  by Yves Smith 4:36 am

• Wolf Richter: First Oil, Now US Natural Gas Plunges, “Negative Igniter” for New Debt Crisis
  by Yves Smith 2:20 am

• A Hell of a Time
  by Yves Smith 1:00 am

• Christmas Schedule
  by Yves Smith 12:18 am

December 23, 2014

• 2:00PM Water Cooler 12/23/14
  by Lambert Strether 1:59 pm

• Saudis Tell Shale Industry It Will Break Them, Plans to Keep Pumping Even at $20 a Barrel
  by Yves Smith 9:55 am

• Links 12/23/14
  by Yves Smith 6:55 am

• New York’s Benjamin Lawsky Forces Resignation of CEO of Mortgage Servicer Ocwen Over Wrongful Foreclosures, Shoddy Records and Systems
  by Yves Smith 4:42 am

• The Police Union’s Irresponsible Reaction To Shooting Of Two NYPD Officers
  by Yves Smith 1:43 am

• Combatting Eurozone Deflation: QE for the People
  by Yves Smith 12:51 am

December 22, 2014

• 2:00PM Water Cooler 12/22/14
  by Lambert Strether 1:58 pm

• Links 12/22/14
  by Yves Smith 6:55 am

• Why is No One Fighting the New Robber Barons?
  by Yves Smith 4:41 am

• Christie Allies Offer Dubious Defenses for Payments Made to His Wife’s Firm
  by Yves Smith 3:55 am

• The War to Start All Wars: The 25th Anniversary of the Forgotten Invasion of Panama
  by Yves Smith 1:02 am

• Putin: Battered, Bruised But Not Broken
  by Yves Smith 12:01 am

December 21, 2014

• Links 12/21/14
  by Lambert Strether 6:55 am

• “I Am The Very Model of a Democratic Strategist”
  by Lambert Strether 5:55 am

• Ilargi: Drilling Our Way Into Oblivion
  by Lambert Strether 2:55 am

December 20, 2014

• Links 12/20/14
  by Lambert Strether 6:55 am

• Parallel Sovereignty on Rose Street in Baltimore
  by Lambert Strether 4:45 am

• Walter Dean Burnham and Thomas Ferguson: Americans Are Sick to Death of Both Parties: Why Our Politics Is in Worse Shape Than We Thought
  by Lambert Strether 1:55 am

December 19, 2014

• 2:00PM Water Cooler 12/19/14
  by Lambert Strether 1:59 pm

• Bill Black: Obama and Holder Choose Banksters Over Whistleblowers
  by Yves Smith 9:55 am

• Links 12/19/14
  by Yves Smith 6:55 am

• Mathew D. Rose: Germany’s Dubious Successes
  by Yves Smith 3:58 am

• Jared Bernstein on Health Care Policy: Appalling Ignorance, or Deliberate Obfuscation?
  by Lambert Strether 3:55 am

• John Helmer: Ukraine Finance Minister Natalie Jaresko Accused in Colorado Court
  by Yves Smith 2:53 am

December 18, 2014

• 2:00PM Water Cooler 12/18/14
  by Lambert Strether 1:59 pm

• Housing Bubble 2 Goes Nuts: San Francisco Home Sales Plunge 20%, Prices Soar 27%
  by Yves Smith 9:55 am

• Links 12/18/14
  by Yves Smith 6:55 am

• Jeb Bush: The Forrest Gump of Financial Improprieties?
  by Yves Smith 5:12 am

• We Are Eight Years Old
  by Yves Smith 3:52 am

• Michael Pettis: Is China Really Turning Away from the Dollar?
  by Yves Smith 3:10 am

December 17, 2014

• 2:00PM Water Cooler 12/17/14
  by Lambert Strether 1:59 pm

• Joseph Stiglitz: Economics Must Address Wealth and Income Inequality
  by Yves Smith 9:55 am

• Links 12/17/17
  by Yves Smith 6:55 am

• Blowback from Oil Price War: Sovereign Wealth Funds Selling Investments
  by Yves Smith 3:59 am

• How Putin’s Fealty to the Washington Consensus Made His Currency Crisis Worse
  by Yves Smith 3:55 am

• Oil, Ruble and Ideology
  by Yves Smith 2:52 am

• Pepe Escobar: How China’s Eurasia Maneuvers Beat Obama’s Pivot to Asia
  by Yves Smith 12:13 am

December 16, 2014

• 2:00PM Water Cooler 12/16/14
  by Lambert Strether 1:59 pm

• The Economics of P2P Lending
  by Yves Smith 9:55 am

• Links 12/16/14
  by Yves Smith 6:55 am

• What are the Odds of a Commodities-Led Global Financial Crisis?
  by Yves Smith 6:15 am

• Private Equity “Money for Nothing” Tax Game as An Example of Elite Lawlessness
  by Yves Smith 5:03 am

• IMF, World Bank Halt Lending to Ukraine – Franklin Templeton $4 Billion Ukraine Bet Goes Bad
  by Yves Smith 3:49 am

December 15, 2014

• 2:00PM Water Cooler 12/15/14
  by Lambert Strether 1:59 pm

• Obesity: A Global Economic Issue
  by Yves Smith 9:55 am

• Links 12/15/14
  by Lambert Strether 6:55 am

• Cromnibus Pension Provisions Gut Forty Years of Policy, Allow Existing Pensions to Be Slashed
  by Lambert Strether 4:55 am

• Did Wall Street Need to Win the Derivatives Budget Fight to Hedge Against Oil Plunge?
  by Yves Smith 3:00 am

• Yanis Varoufakis: How the United States Rolls (Post-Global Minotaur) – by Slavov Žižek
  by Lambert Strether 1:55 am

December 14, 2014

• Links 12/14/14
  by Lambert Strether 6:55 am

• Elizabeth Warren: Remarks on Citigroup and its Bailout Provision in the Cromnibus Bill
  by Lambert Strether 3:55 am

• Japanese Politics: Still 猫に小判
  by Yves Smith 1:24 am

December 13, 2014

• Links 12/13/14
  by Yves Smith 6:55 am

• Joe Firestone: The Lawless Society
  by Yves Smith 6:00 am

• Jeffrey Sommers and Michael Hudson: The Koch Brothers’ Governors
  by Yves Smith 3:22 am

• Peter Temin: Lessons From the Great Depression
  by Yves Smith 3:11 am

December 12, 2014

• 2:00PM Water Cooler 12/12/14
  by Lambert Strether 1:55 pm

• How Superstar Companies Like Apple Are Killing America’s High-Tech Future
  by Yves Smith 9:55 am

• Links 12/12/14
  by Yves Smith 6:58 am

• Quiet Distress Among the (Ex) Rich
  by Yves Smith 6:57 am

• CalPERS Lowering Private Equity Benchmark to Justify Crappy Performance
  by Yves Smith 6:55 am

• Ilargi: Will the Oil Collapse Kill Energy Junk Bonds?
  by Yves Smith 3:50 am

December 11, 2014

• 2:00PM Water Cooler 12/11/14
  by Lambert Strether 1:50 pm

• Bill Black: Second Circuit Decision Effectively Legalizes Insider Trading
  by Yves Smith 9:55 am

• Links 12/11/14
  by Yves Smith 6:55 am

• Michael Hudson: U.S. New Cold War Policy Has Backfired
  by Yves Smith 6:40 am

• SEC’s Mary Jo White Approves of Torture
  by Yves Smith 4:55 am

• Obama Administration Muzzling Its Climate Scientists
  by Yves Smith 3:34 am

December 10, 2014

• Please Sign Urgent Occupy the SEC Petition Against Derivatives Deregulation
  by Yves Smith 7:29 pm

• 2:00PM Water Cooler 12/10/14
  by Lambert Strether 1:59 pm

• Yanis Varoufakis: Ten Questions on the Eurozone, with Ten Answers
  by Yves Smith 9:55 am

• Links 12/10/14
  by Yves Smith 6:58 am

• Elizabeth Warren Escalates Fight over Treasury Nominee Antonio Weiss, Goes to War with Wall Street Wing of Democratic Party
  by Yves Smith 6:40 am

• Bill Moyers on The Lives of the Very Very Rich
  by Yves Smith 1:30 am

• Oil Price Drop Not Affecting US Drilling Much
  by Yves Smith 12:49 am

December 9, 2014

• 2:00PM Water Cooler 12/9/14
  by Lambert Strether 1:58 pm

• Wolf Richter: Treasury Warns of Leveraged Loan Risk
  by Yves Smith 9:55 am

• Links 12/9/14
  by Yves Smith 6:58 am

• Yanis Varoufakis: Burst Greek Bubbles, Spooked Fund Managers – A Cause for Restrained Celebration
  by Yves Smith 4:10 am

• Suit on Animator Wage Suppression Shows Another Face of How Capital Squeezes Labor
  by Yves Smith 3:46 am

• The State of Workers’ Wages Around the World
  by Yves Smith 1:04 am

December 8, 2014

• 2:00PM Water Cooler 12/8/14
  by Lambert Strether 1:59 pm

• The Superiority of Economists
  by Yves Smith 9:55 am

• Links 12/8/14
  by Yves Smith 6:58 am

• NYTimes Dealbook’s Dishonest Salvo at Elizabeth Warren Over Calling Out an Unqualified Nominee for Treasury Post
  by Yves Smith 6:50 am

• Ilargi: Oil Shock – More Than A Quantum Of Fragility
  by Yves Smith 5:19 am

• Eileen Appelbaum and Rosemary Batt: Can Private Equity Be Reformed?
  by Yves Smith 4:43 am

December 7, 2014

• Links 12/7/14
  by Yves Smith 6:55 am

• Jane Dough Gets a Pitch for a Private Equity “Senior Housing Fund”
  by Yves Smith 4:07 am

• New York City: Aggressive “Broken Windows” Policing but Carte Blanche for Banksters
  by Yves Smith 3:51 am

December 6, 2014

• Links 12/6/14
  by Yves Smith 6:55 am

• Temporary Work is Bad for Your Cognitive Health
  by Yves Smith 4:24 am

• Why Piketty is a Defender of Neoclassical Economics and an Enemy of Egalitarianism
  by Yves Smith 3:20 am

December 5, 2014

• 2:00PM Water Cooler 12/5/14
  by Lambert Strether 1:59 pm

• Links 12/5/14
  by Yves Smith 6:55 am

• New Study Says US Fracking Boom Will Fade Quickly After 2020
  by Yves Smith 4:59 am

• Eileen Appelbaum and Rosemary Batt: How Academics Cook Their Studies to Flatter Private Equity
  by Yves Smith 3:59 am

• Transparency Hypocrite BlackRock Doesn’t Believe in Giving Out Info But Likes to Take It
  by Yves Smith 3:36 am

• Tom Engelhardt: Washington – War Party Ascendant
  by Yves Smith 2:00 am

• Jeffrey Sachs Channeled His Inner Bill Black – and Obama and Holder Ignored Him Too
  by Yves Smith 2:00 am

December 4, 2014

• 2:00PM Water Cooler 12/4/14
  by Lambert Strether 1:59 pm

• The ECB’s Balance Sheet and Draghi’s Confidence Game
  by Yves Smith 9:55 am

• Links 12/4/14
  by Yves Smith 6:55 am

• Hedge Fund Investors Starting to Push Back Against Big Fees for No Performance
  by Yves Smith 3:01 am

• Eileen Appelbaum and Rosemary Batt Explain Private Equity Tricks That Put Companies at Risk
  by Yves Smith 2:03 am

• Meet and Greet Natalie Jaresko, US Government Employee, Ukraine Finance Minister
  by Yves Smith 12:31 am

December 3, 2014

• 2:00PM Water Cooler 12/3/14
  by Lambert Strether 1:59 pm

• Don Quijones: Mexico on the Verge of a New Tequila Crisis?
  by Yves Smith 9:55 am

• Links 12/3/14
  by Yves Smith 6:55 am

• Andrew Dittmer: Eileen Appelbaum and Rosemary Batt on How Private Equity Really Works
  by Yves Smith 6:50 am

• Randy Wray: The Answer to the Unemployment Problem is More Jobs
  by Yves Smith 6:46 am

• Bill Black: Mortgage Appraisal Fraud is Baaack…Because Bank Execs Profit From It
  by Yves Smith 2:13 am

December 2, 2014

• 2:00PM Water Cooler 12/2/14
  by Lambert Strether 1:59 pm

• Links 12/2/14
  by Yves Smith 6:55 am

• Some Mainstream Italian Parties Now Advocating Euro Exit
  by Yves Smith 4:54 am

• The Hospital CEO as Scrooge – Hired Managers Get Raises While Presiding Over Deficits, Layoffs and Pay Cuts
  by Yves Smith 3:24 am

• Hedge Funds Closing At High Rates
  by Yves Smith 3:02 am

• The New Oil Price War: Market and Macro Impacts
  by Yves Smith 12:35 am

December 1, 2014

• 2:00PM Water Cooler 12/1/14
  by Lambert Strether 1:59 pm

• Links 12/1/14
  by Lambert Strether 6:55 am

• Deep State? Or Shallow Focus?
  by Lambert Strether 6:55 am

• Gaius Publius: An “Open Rebellion Caucus” Forms in the Senate
  by Yves Smith 4:51 am

• OPEC Fires First Shot In Global Oil Price War
  by Yves Smith 4:45 am

• WordPress Woes
  by Yves Smith 4:37 am

• Inequality Is Bad For Income Growth Of the Poor (But Not For That of the Rich)
  by Lambert Strether 12:55 am