Monthly Archives: January 2015

January 31, 2015

• Did Argentina ‘Default’?
  by Yves Smith 8:34 am

• Links 1/31/15
  by Yves Smith 6:59 am

• Oil Price Soars, Rig Count Plunges Worst Ever, But Bloodletting Just Beginning
  by Yves Smith 6:16 am

January 30, 2015

• 2:00PM Water Cooler 1/30/15
  by Lambert Strether 1:55 pm

• Greece Shows the Limits of Austerity in the Eurozone. What Now?
  by Yves Smith 9:55 am

• Links 1/30/15
  by Yves Smith 6:55 am

• Snowstorm Post Mortem: How Safety and Administrative Convenience Trumped Needs of the Working Class
  by Yves Smith 5:41 am

• Andrew Bacevich: Save Us From Washington’s Visionaries, In (Modest) Praise of a Comforting Mediocrity
  by Yves Smith 12:47 am

• Who is Still Exposed to Greece?
  by Yves Smith 12:38 am

January 29, 2015

• 2:00PM Water Cooler 1/29/15
  by Lambert Strether 1:55 pm

• Mathew D. Rose: Hope for Greece, and Perhaps for Europe Too
  by Yves Smith 9:55 am

• Links 1/29/15
  by Yves Smith 6:59 am

• Did New York Times’ Dealbook Throw a Source Under the Bus in TPG Suit Against Ex-Employee/Ex-White House Staffer?
  by Yves Smith 6:58 am

• The Sheldon Silver Medical Connection: None Dare Call It Health Care Corruption
  by Yves Smith 1:36 am

• How More and More U.S. Corporate Profits Escape the Corporate Income Tax
  by Yves Smith 12:44 am

January 28, 2015

• 2:00PM Water Cooler 1/28/15
  by Lambert Strether 1:55 pm

• John Helmer: Russia’s and Greece’s Fraught New Friendship
  by Yves Smith 9:55 am

• Links 1/28/15
  by Yves Smith 6:55 am

• How Wall Street Killed Entrepreneurs
  by Yves Smith 4:41 am

• Is Power8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, a Giant Ponzi?
  by Richard Smith 2:00 am

• Wolf Richter: Junk-Bond Bubble Implodes Beyond Energy, Deals Scuttled, Yields Soar, Suddenly “Insufficient Demand”
  by Yves Smith 1:54 am

January 27, 2015

• 2:00PM Water Cooler 1/27/15
  by Lambert Strether 1:55 pm

• Links 1/27/15
  by Yves Smith 6:55 am

• Tax Haven USA: The Vortex-Shaped Hole in Global Financial Transparency
  by Yves Smith 6:16 am

• Snowstorm: New York Makes It Illegal to Be an Idiot
  by Yves Smith 5:38 am

• U.S. Shale Boom May Come To Abrupt End
  by Yves Smith 2:33 am

• Bob Goodwin: Why Deflated Footballs are a Big Problem for America
  by Yves Smith 1:57 am

January 26, 2015

• 2:00PM Water Cooler 1/26/15
  by Lambert Strether 1:55 pm

• Links 1/26/15
  by Lambert Strether 6:55 am

• Clyde Prestowitz on the Destructive Effects of TPP on American Workers
  by Lambert Strether 6:45 am

• How Much Success is Syriza Likely to Have in Ending Austerity?
  by Yves Smith 5:13 am

• The ECB’s QE Decision
  by Lambert Strether 3:55 am

• Media Demonization of Syriza: Pretending that Neoliberalism is Popular and Mainstream
  by Yves Smith 3:08 am

January 25, 2015

• Links 1/25/15
  by Lambert Strether 6:55 am

• The Destructive Effect of Getting a Permission Slip from the CBO in the Politics of Health Care
  by Lambert Strether 6:45 am

• Getting Out of Our Lanes: Understanding Discrimination in the Digital Economy
  by Lambert Strether 3:55 am

January 24, 2015

• Links 1/24/15
  by Yves Smith 6:55 am

• Ilargi: Brussels is a Bunch of Criminals
  by Yves Smith 1:16 am

January 23, 2015

• Announcing (Actually, Confirming) Our Focus on the CBO’s Dubious Models and Political Bias
  by Yves Smith 6:00 pm

• 2:00PM Water Cooler 1/23/15
  by Lambert Strether 1:55 pm

• New Zealand’s Cathy Odgers Bungles Her Resignation From Pacific Fiduciaries
  by Richard Smith 12:25 pm

• Lawyers as Crime Enablers: Maine Bar Counsel Punts on Sanctioning Foreclosure Attorneys for Bogus Affidavits
  by Yves Smith 9:55 am

• Links 1/23/15
  by Yves Smith 6:58 am

• KKR’s Botched Document Cover-Up Reveals Washington Public Pension Fund Cronyism
  by Yves Smith 6:57 am

• Removing the Social Security Tax Cap Would Benefit Most Workers
  by Yves Smith 3:51 am

• Tom Engelhardt: More and War – The Tao of Washington
  by Yves Smith 2:05 am

January 22, 2015

• 2:00PM Water Cooler 1/22/15
  by Lambert Strether 1:55 pm

• Poroshenko Makes Battle of Donetsk Airport Precondition for New $50 Billion Bailout – Ukrainians Repelled in the Battle of Davos
  by Yves Smith 9:55 am

• Links 1/22/15
  by Yves Smith 6:55 am

• KKR Rebates Some Ill-Gotten Fees to Investors Due to Dodd Frank Reforms
  by Yves Smith 6:11 am

• Ilargi: Shadow Boxing and Bogus Crisis Triumphalism
  by Yves Smith 3:54 am

• Benchmarking the ECB’s QE Program
  by Yves Smith 2:25 am

January 21, 2015

• Calling All IT-Connected NC Readers! We Need a New WordPress Support Person or Firm!
  by Yves Smith 3:45 pm

• 2:00PM Water Cooler 1/21/15
  by Lambert Strether 1:55 pm

• Nisman’s Suspicious Death Is Tearing Argentina Apart
  by Yves Smith 9:55 am

• Links 1/21/15
  by Yves Smith 6:55 am

• Department of Education Sides Against Students to Feather Its Own Bed in For-Profit Corinthian Colleges Debacle
  by Yves Smith 5:55 am

• The ECB Cold Shoulders Greece on QE
  by Yves Smith 2:20 am

• New Zealand’s Cathy Odgers and Fraud Stock HCI Hamilton: the Denouement
  by Richard Smith 12:36 am

January 20, 2015

• 2:00PM Water Cooler 1/20/15
  by Lambert Strether 1:55 pm

• Bill Black: The Triumph of Radical Right Economics in Greece – At the Hands of “Socialists”
  by Yves Smith 9:55 am

• Links 1/20/15
  by Yves Smith 6:58 am

• CalPERS Board Discussion of Fees Exposes Naivete, Misguided Aim of Fee Reduction Effort
  by Yves Smith 6:50 am

• Crushing The U.S. Energy Export Dream
  by Yves Smith 2:18 am

• John Helmer: The Lure of Foreign Investment in Ukraine – Meet Jaanika Merilo
  by Yves Smith 12:17 am

January 19, 2015

• 2:00PM Water Cooler 1/19/15
  by Lambert Strether 1:55 pm

• Paper Exposing Manipulation of Electricity Prices Stymied by Editor with Private Equity Ties
  by Yves Smith 9:55 am

• Links 1/19/15
  by Yves Smith 6:55 am

• Fed Testimony in AIG Bailout Trial: If It Walks Like Perjury and Quacks Like Perjury…
  by Yves Smith 6:00 am

• Is the TransPacific Partnership Being Brought Back From the Dead?
  by Yves Smith 2:22 am

• Your Home Is Your Prison: How to Lock Down Your Neighborhood, Your Country, and You
  by Yves Smith 12:46 am

January 18, 2015

• Links 1/18/15
  by Yves Smith 6:55 am

• Slimin’ Jamie Dimon Tells Howlers About Persecution of Banks, “Fortress Balance Sheet”
  by Yves Smith 4:52 am

• Michael Hudson: The Crisis in Europe and the Machinations of the Rentier Class
  by Yves Smith 1:35 am

January 17, 2015

• Links 1/17/15
  by Yves Smith 6:55 am

• Money Dries Up for Oil and Gas, Layoffs Spread, Write-Offs Start
  by Yves Smith 4:35 am

• Why a Grexit Is More Costly for Germany Than a Default Inside the Euro Area
  by Lambert Strether 3:25 am

January 16, 2015

• 2:00PM Water Cooler 1/16/15
  by Lambert Strether 1:55 pm

• Can Abenomics Revive Japan’s Economy?
  by Yves Smith 9:55 am

• Links 1/16/15
  by Lambert Strether 6:58 am

• ObamaCare’s Present and Imminent Medicaid Woes
  by Lambert Strether 6:55 am

• So Where Did All the Energy Debt Go?
  by Yves Smith 5:19 am

• How the Shale Oil Revolution Has Affected US Oil and Gasoline Prices
  by Lambert Strether 4:25 am

• Hope to See You at Our NYC Meetup This Evening, January 16
  by Yves Smith 12:01 am

January 15, 2015

• Swiss National Bank Shock: Biggest US Retail Currency Broker’s Equity Wiped Out; Others Suffer Major Losses
  by Yves Smith 10:59 pm

• 2:00PM Water Cooler 1/15/15
  by Lambert Strether 1:55 pm

• The World Economy Post 2008
  by Yves Smith 9:55 am

• Links 1/15/15
  by Lambert Strether 6:55 am

• The Failure of a Past Basic Income Guarantee, the Speenhamland System
  by Yves Smith 6:24 am

• Is Keystone Still Viable Amid Low Oil Prices?
  by Yves Smith 12:32 am

January 14, 2015

• First Step in Republican Campaign Against Bank Reform: HR 37 Passed in House
  by Yves Smith 11:46 pm

• Big Retail Sales Miss for December Dents Theory that Consumers Will Spend Gas Savings
  by Yves Smith 3:34 pm

• 2:00PM Water Cooler 1/14/15
  by Lambert Strether 1:55 pm

• Republicans Launch Another Wall Street Gimmie: HR 185, the “Tie Regulators in Knots” Act
  by Yves Smith 9:55 am

• Links 1/14/15
  by Yves Smith 6:55 am

• Je suis Juif: An American Jew in France on the Terrorist Attacks
  by Yves Smith 6:07 am

• Green Growth or No Growth?
  by Yves Smith 2:26 am

• Senator Warren and America Win in a Skirmish in a Long Struggle Against Wall Street’s Coup
  by Yves Smith 12:43 am

• Be Sure Not to Miss Our New York City Meetup This Friday January 16
  by Yves Smith 12:26 am

January 13, 2015

• 2:00PM Water Cooler 1/13/15
  by Lambert Strether 1:55 pm

• MMT Versus the CBO: Replacing the Budget Constraint with an Inflation Constraint
  by Yves Smith 9:55 am

• Links 1/13/15
  by Yves Smith 6:55 am

• Yanis Varoufakis: Why He is Running for Greek Parliament on the Syriza Ticket
  by Yves Smith 2:30 am

• Could the Oil Bust Last?
  by Yves Smith 1:21 am

• Richard Alford: The Fed’s Dual Mandate – “Pirate Code” or “Alice in Wonderland”?
  by Yves Smith 12:15 am

January 12, 2015

• Elizabeth Warren Takes a Scalp: Antonio Weiss Withdraws from Nomination for #3 Position at Treasury
  by Yves Smith 6:37 pm

• 2:00PM Water Cooler 1/12/15
  by Lambert Strether 1:55 pm

• Links 1/12/15
  by Lambert Strether 6:55 am

• Why Enrollment Figures Are a Deceptive Metric for ObamaCare’s Success
  by Lambert Strether 6:45 am

• The Fed’s and Republicans’ War Against Dodd Frank and How That Preserves the Greenspan Put and Too Big to Fail
  by Yves Smith 6:23 am

• Answering for America’s Madness
  by Yves Smith 4:14 am

• Joe Firestone: The Interactive Voter Choice System: A Technological Fix for Failing Democracies
  by Lambert Strether 2:55 am

January 11, 2015

• Links 1/11/15
  by Lambert Strether 6:55 am

• ObamaCare “Shared Responsibility Payments” Come Due on April 15, and It Won’t Be Pretty
  by Lambert Strether 6:45 am

• Wolf Richter: Subprime Spikes Auto Sales, Delinquencies Soar, Industry in Total Denial, Fallout to Hit Main Street
  by Lambert Strether 1:55 am

January 10, 2015

• Links 1/10/15
  by Yves Smith 6:55 am

• New Findings Point to Private Credit “Perfect Storm” Brewing in Your Financial Future
  by Yves Smith 4:58 am

• Happiness and Satisfaction Are Not Everything: Improving Wellbeing Indices
  by Yves Smith 4:07 am

January 9, 2015

• Please Come to Our NYC Meetup Next Friday January 16
  by Yves Smith 10:31 pm

• 2:00PM Water Cooler 1/9/15
  by Lambert Strether 1:55 pm

• Bill Black: Obama’s Vain Search for a TPP “Legacy”
  by Yves Smith 9:55 am

• Links 1/9/15
  by Yves Smith 6:55 am

• Hebdo Fallout: Greater Odds of Frexit as Marine Le Pen’s Star Rises
  by Yves Smith 5:00 am

• Satyajit Das: The Art of Destructive Capital
  by Yves Smith 2:54 am

• Michael Klare: How Big Oil Is Responding to the Anti-Carbon Movement
  by Yves Smith 1:32 am

January 8, 2015

• 2:00PM Water Cooler 1/8/15
  by Lambert Strether 1:55 pm

• The CBO’s Bad Math: Putting $7 Trillion of Notional Value of Derivatives in Taxpayer-Backstopped Depositaries Will Cost Zero
  by Yves Smith 9:55 am

• Links 1/8/15
  by Yves Smith 6:55 am

• How the Republican Campaign to Gut Dodd Frank is a Huge Gimmie to Banks and Private Equity Funds
  by Yves Smith 6:50 am

• Democracy and the Threat of Revolution: New Evidence
  by Yves Smith 6:31 am

• Fed Holds Fire on Disinflation Threat
  by Yves Smith 4:34 am

January 7, 2015

• 2:00PM Water Cooler 1/7/15
  by Lambert Strether 1:55 pm

• Why Grexit Would Not Help Greece
  by Yves Smith 9:55 am

• Links 1/7/15
  by Yves Smith 6:55 am

• Welcome to the Hunger Games, Brought to You by Mainstream Economics
  by Yves Smith 6:50 am

• Tech Titans Promoting Basic Income Guarantee as a Way to Shrink Government, Kill Social Programs
  by Yves Smith 5:37 am

• Despite Current Glut, Oil Producers Continue Game of Chicken
  by Yves Smith 4:01 am

January 6, 2015

• 2:00PM Water Cooler 1/6/15
  by Lambert Strether 1:55 pm

• Mathew D. Rose: It is Not a Eurozone Crisis, but a European Union Crisis
  by Yves Smith 9:22 am

• Links 1/6/15
  by Yves Smith 6:55 am

• Private Equity Miscreant Freeman Spogli Illustrates Investor and SEC Cowardice
  by Yves Smith 6:01 am

• Cash or Copyright or Real Creativity?
  by Yves Smith 5:06 am

• NYC Meetup on Friday January 16
  by Yves Smith 3:11 am

January 5, 2015

• Oil Falls Below $50, S&P Down Nearly 2% (Updated)
  by Yves Smith 3:36 pm

• 2:00PM Water Cooler 1/5/15
  by Lambert Strether 1:55 pm

• You Are Worth More Than The “Market” Says
  by Ed Walker 9:55 am

• Links 1/5/15
  by Yves Smith 6:55 am

• Tax Inversion Remains (Huge)
  by Yves Smith 4:39 am

• Free Markets: Yellow Brick Road to War
  by Yves Smith 3:25 am

• The Real Cause Of Low Oil Prices: Interview With Arthur Berman
  by Yves Smith 2:49 am

January 4, 2015

• Links 1/4/15
  by Yves Smith 6:55 am

• Ilargi: Oil, Power and Psychopaths
  by Yves Smith 5:34 am

• Harvard Law School: Three Proposals to Curb Its Role as Hedge Fund and Corporate Shill
  by Yves Smith 2:41 am

January 3, 2015

• Links 1/3/15
  by Yves Smith 6:55 am

• Michael Hudson: The War on Pensions – The US Budget Anti-Pension Law
  by Yves Smith 5:53 am

• Bill Moyers’ Last Show: Our Children’s Trust Climate Litigation
  by Yves Smith 1:19 am

January 2, 2015

• 2:00PM Water Cooler 1/2/15
  by Lambert Strether 1:55 pm

• Links 1/2/15
  by Yves Smith 6:55 am

• Something That Changed My Perspective: Karl Polanyi’s The Great Transformation
  by Yves Smith 3:28 am

• Bill Mitchell: Demystifying Modern Monetary Theory
  by Yves Smith 12:52 am

• Yanis Varoufakis: Greek and European Prospects for 2015
  by Yves Smith 12:10 am

January 1, 2015

• Links New Years Day
  by Lambert Strether 6:55 am

• New Years Resolutions for 2015
  by Lambert Strether 5:55 am

• Ilargi: The Year 2014 in 5 Narratives
  by Lambert Strether 1:55 am