Monthly Archives: January 2016

January 31, 2016

• Links 1/31/16
  by Yves Smith 6:55 am

• Gaius Publius: A Non-Neoliberal Woman President Is Not One of the Choices
  by Yves Smith 3:14 am

• Does Better Internet Access Wind Up Disenfranchising Lower Income Groups?
  by Yves Smith 3:09 am

• Another Hillary Falsehood: She Didn’t Tell Banks to “Cut it Out” Pre Crisis; She Blamed Homeowners
  by Yves Smith 2:43 am

January 30, 2016

• Links 1/30/16
  by Yves Smith 6:55 am

• Chinese Slowdown and the World Economy
  by Yves Smith 2:56 am

• Bill Black: Announcing the Bank Whistleblowers’ Group’s Initial Proposals
  by Yves Smith 2:38 am

January 29, 2016

• 2:00PM Water Cooler 1/29/2016
  by Lambert Strether 12:59 pm

• How Central Banks (and Even Keynes) Misled the Public About Banking and Money
  by Yves Smith 9:55 am

• Links 1/29/16
  by Yves Smith 6:55 am

• Low-Income Housing Shows How Tax Credits Funnel Dollars to the Wealthy Under the Guise of Benefits to the Poor
  by Yves Smith 6:50 am

• Flint: Let Them Drink Pollution?
  by Yves Smith 6:30 am

• Wolf Richter: Inadequate Corporate Investment Falls Even Further
  by Yves Smith 4:03 am

January 28, 2016

• 2:00PM Water Cooler 1/28/2016
  by Lambert Strether 2:00 pm

• Fiscal Cost of Refugees in Europe
  by Yves Smith 9:55 am

• Office of Financial Research Warns of Corporate Debt Defaults, Particularly Related to Energy Loans, as Stability Risk
  by Yves Smith 8:17 am

• Links 1/28/16
  by Yves Smith 6:59 am

• “This is Just Evil”: Massive Private License Plate Database Tracks Car Locations Over Years
  by Yves Smith 6:28 am

• Krugman’s Cowardly, Dishonest Attack on David Dayen Over Krugman’s Misrepresentation of Sanders’ Financial Reforms
  by Yves Smith 6:20 am

• Are Economists in Denial About What’s Driving the Inequality Trainwreck?
  by Yves Smith 5:21 am

January 27, 2016

• 2:00PM Water Cooler 1/27/2016
  by Lambert Strether 2:00 pm

• Private Equity Fun Time
  by Yves Smith 9:55 am

• Links 1/27/16
  by Yves Smith 6:55 am

• Wobbly Italian Banks May Get “Bad Bank” Resolution Vehicle
  by Yves Smith 5:04 am

• The Implications of Foreign Minister Lavrov’s Snub of Victoria Nuland
  by Yves Smith 4:58 am

• Andrew Bacevich: Six National Security Questions Hillary, Donald, Ted, Marco, etc., Don’t Want to Answer and Won’t Even Be Asked
  by Yves Smith 3:58 am

January 26, 2016

• 2:00PM Water Cooler 1/26/2016
  by Lambert Strether 2:00 pm

• Investors Piling into Illiquid Assets to Avoid Discipline of Market Prices
  by Yves Smith 9:55 am

• Links 1/26/16
  by Yves Smith 6:55 am

• Former BIS Chief Economist Warns of Massive Debt Defaults, Need for Debt Jubilee; Fingers Europe as First in Line
  by Yves Smith 6:51 am

• Bill Black: Wall Street Declares War Against Bernie Sanders
  by Yves Smith 6:45 am

• A Lesson for 2016: Upton’s Sinclair’s 1934 End Poverty in California (EPIC) Gubernatorial Campaign
  by Yves Smith 4:03 am

January 25, 2016

• 2:00PM Water Cooler 1/25/2016
  by Lambert Strether 2:00 pm

• Will Clinton’s Flailing Protect Her Glass Jaw?
  by Lambert Strether 1:15 pm

• Links 1/25/16
  by Lambert Strether 6:55 am

• How Europe Will Fail to Address the Migration Crisis in Early 2016
  by Yves Smith 6:28 am

• Wolf Richter: Moody’s Explains Why Junk Bonds Will Sink Stocks Further
  by Yves Smith 6:18 am

• New York Review of Books on How Oligarchs Use Philanthropy to Advance Their Social Agendas (and a Shout Out to NC)
  by Yves Smith 6:00 am

• Money and Banking – Part 3
  by Lambert Strether 5:55 am

January 24, 2016

• Sanders, Clinton, Their Ads, and the Politics of Trench Warfare
  by Lambert Strether 11:25 am

• Links 1/24/16
  by Lambert Strether 6:55 am

• A Note on the Ethics of Nudges
  by Lambert Strether 4:55 am

January 23, 2016

• Links 1/23/16
  by Yves Smith 6:55 am

• Ilargi: Square Holes and Currency Pegs
  by Yves Smith 3:59 am

• Our Richard Smith Speaks on Taxcast
  by Yves Smith 2:37 am

January 22, 2016

• 2:00PM Water Cooler 1/22/2016
  by Lambert Strether 2:00 pm

• CalPERS CEO Anne Stausboll to Retire June 30
  by Yves Smith 9:55 am

• Bloomberg Spotlights Poor Private Equity Returns From Last “Peak of Cycle” Mega Deals
  by Yves Smith 9:54 am

• Links 1/22/16
  by Yves Smith 6:55 am

• Some Experts, Like Krugman, Supported Single Payer Until Bernie Sanders Put It in His Platform
  by Yves Smith 3:52 am

• The Failure of the Iraqi Army: America’s $25 Billion Paper Tiger
  by Yves Smith 3:00 am

• The World Is Not Running Out Of Storage Space For Oil
  by Yves Smith 1:38 am

January 21, 2016

• 2:00PM Water Cooler 1/21/2016
  by Lambert Strether 2:00 pm

• The 0.1%’s Marie Antoinette Moment
  by Yves Smith 9:56 am

• Flooded Cities
  by Yves Smith 9:55 am

• Links 1/21/16
  by Lambert Strether 6:55 am

• Why Bitcoin is Not Disruptive
  by Yves Smith 6:50 am

• Robert Reich: Why the White Working Class Abandoned the Democratic Party
  by Yves Smith 4:37 am

• Funds Hold Most Cash Since GFC
  by Yves Smith 3:18 am

January 20, 2016

• US Oil Futures Plunge by Nearly 7%, to $26.55 a Barrel; Stocks Swoon
  by Yves Smith 3:17 pm

• 2:00PM Water Cooler 1/20/2016
  by Lambert Strether 2:00 pm

• Ann Pettifor: Why Radical Monetary Policy Failed in the UK
  by Yves Smith 12:12 pm

• Lost in Assumptions: Assessing the Economic Impact of Migrants
  by Yves Smith 9:55 am

• Links 1/20/16
  by Yves Smith 6:55 am

• Gauis Publius: The Clinton Campaign Speaks to the New York Times
  by Yves Smith 6:38 am

• Investment Manager GMO Debunks Mythology of “Sound Finance,” or Deficit Hawkery
  by Yves Smith 5:40 am

January 19, 2016

• 2:00PM Water Cooler 1/19/2016
  by Lambert Strether 2:00 pm

• John Helmer: The Clinton-Blair Dossier on Yeltsin and Putin
  by Yves Smith 9:55 am

• Links 1/19/16
  by Yves Smith 6:55 am

• Not Going to Take it Anymore – Doctors in the Pacific Northwest Unionize
  by Yves Smith 6:48 am

• New Paper Makes Powerful Case Against Tax Treaties
  by Yves Smith 6:26 am

• SEC Data Show Reduction in Criminal Prosecutions Since 2010
  by David Dayen 2:30 am

January 18, 2016

• 2:00PM Water Cooler 1/18/2016
  by Lambert Strether 2:00 pm

• Why Letting the Koch Brothers Create a “Center for Free Enterprise” at Public University WCU is a Bad Idea
  by Yves Smith 9:55 am

• Links 1/18/16
  by David Dayen 4:00 am

• Geithner Ghostwriter Mike Grunwald Tries to Shift Financial Crisis Narrative Away From The Big Short
  by David Dayen 3:00 am

January 17, 2016

• Blake, R.I.P.
  by Yves Smith 5:07 pm

• Links 1/17/16
  by Yves Smith 6:55 am

• Money and Banking – Part 2
  by Yves Smith 4:06 am

• How Corporations and Politicians Lie With Numbers — and How Not to Be Fooled
  by Yves Smith 3:51 am

• Don Quijones: “Everything Has Come to a Standstill”- Political Fallout Hits Business in Spain
  by David Dayen 2:00 am

• Peter Van Buren: Why the US Should Withdraw From the Middle East
  by Yves Smith 12:32 am

January 16, 2016

• Links 1/16/16
  by David Dayen 4:00 am

• How to Improve Your Standing in the Financial Economics Club
  by Yves Smith 3:07 am

• Edward Lambert: Forecasting the Stock Market thru Effective Demand
  by David Dayen 2:30 am

January 15, 2016

• 2:00PM Water Cooler 1/15/2016
  by Lambert Strether 2:00 pm

• The Heavy Price of Economic Policy Failures
  by Yves Smith 1:00 pm

• Links 1/15/16
  by Yves Smith 6:55 am

• Capitalism Versus The Social Commons
  by Ed Walker 6:45 am

• Gaius Publius: Wall Street Reviews What Sanders Plans for Wall Street
  by Yves Smith 6:40 am

• The Deeper, Uglier Side of TPP
  by Yves Smith 5:38 am

• Academics in Turkey Who Stand Up for Human Rights Threatened With Jail, Even Death
  by Yves Smith 4:19 am

January 14, 2016

• 2:00PM Water Cooler 1/14/2016
  by Lambert Strether 2:00 pm

• Eurozone Delays and Half Measures
  by Yves Smith 9:55 am

• Links 1/14/16
  by Yves Smith 6:59 am

• Why is CalPERS Understating Its Cost of Investing in Private Equity by Roughly $1.6 Billion, Meaning 80%?
  by Yves Smith 6:57 am

• What’s Your Threat Score?
  by Yves Smith 4:07 am

• Bond Investors Get Skittish as Record Wave of Acquisitions Push to Close Financings
  by Yves Smith 3:34 am

January 13, 2016

• 2:00PM Water Cooler 1/13/2016
  by Lambert Strether 2:00 pm

• Neoliberal Capitalism, Its Crisis, and What Comes Next
  by Yves Smith 9:55 am

• Links 1/13/16
  by Yves Smith 6:55 am

• Why Larry Summers is Wrong and Bernie Sanders is Right on Glass Steagall
  by Yves Smith 4:03 am

• Michael Klare: Plunging Oil Prices – A Recipe for More War?
  by Yves Smith 1:31 am

• Does The U.S. Have A Middle East Strategy Going Forward?
  by Yves Smith 12:13 am

January 12, 2016

• 2:00PM Water Cooler 1/12/2016
  by Lambert Strether 2:00 pm

• 2015: A Failing Fiscal Policy
  by Yves Smith 9:55 am

• Links 1/12/16
  by Yves Smith 6:55 am

• ObamaCare’s Neoliberal Intellectual Foundations Continue to Crumble
  by Lambert Strether 5:05 am

• Koch Brothers’ Culture Grab: Latest Donation, to Western Carolina University, for “Center of Study of Free Enterprise” Despite Faculty Vote “No”
  by Yves Smith 4:48 am

• Mathew D. Rose: Now It Is Poland’s Turn
  by Yves Smith 3:45 am

January 11, 2016

• 2:00PM Water Cooler 1/11/2016
  by Lambert Strether 2:00 pm

• How the Labor Cost Competitiveness Myth is Making the Eurozone Crisis Worse
  by Yves Smith 9:55 am

• Links 1/11/16
  by Lambert Strether 6:55 am

• Marshall Auerback: What US Treasury Yields Might Be Signalling
  by Yves Smith 6:11 am

• Memo to the Private Equity Growth Capital Council: No One Outside Your Echo Chamber Believes Your Big Lies Any More
  by Yves Smith 4:09 am

• Labor Market Policy: Parts of the Picture are Missing
  by Lambert Strether 3:55 am

January 10, 2016

• “You Just Need to Be White to Win”
  by Lambert Strether 7:55 am

• Links 1/10/16
  by Lambert Strether 6:55 am

• The TPP as a Set of International Economic Rules
  by Lambert Strether 4:25 am

January 9, 2016

• The Death of the Professional: Are Doctors, Lawyers and Accountants Becoming Obsolete?
  by Yves Smith 1:56 pm

• Links 1/9/16
  by Yves Smith 6:55 am

• Controversial DNC Chair Debbie Wasserman Schultz To Face Progressive Tim Canova In An August Primary
  by Yves Smith 12:14 am

January 8, 2016

• 2:00PM Water Cooler 1/08/2016
  by Lambert Strether 2:00 pm

• 2016: Oil Limits and the End of the Debt Supercycle
  by Yves Smith 9:55 am

• Links 1/8/16
  by Yves Smith 6:55 am

• China’s Contradictory Aims, Greater International Role Versus Domestic Economic Control, HIt Breaking Point
  by Yves Smith 6:51 am

• The Anglo-Saxon Hide, Adam Smith, Karl Marx and the 35 Hour Work Week
  by Yves Smith 3:22 am

January 7, 2016

• UK Labor Party Departing from Austerity to Strengthen Economy
  by Yves Smith 10:36 pm

• 2:00PM Water Cooler 1/07/2016
  by Lambert Strether 2:00 pm

• TTIP and Climate Change: Low Economic Benefits, Real Climate Risks
  by Yves Smith 9:55 am

• Links 1/7/16
  by Yves Smith 6:55 am

• Identifying Vectors Influencing China’s (and International) Markets
  by Yves Smith 6:34 am

• Why Lowering the Marginal Corporate Tax Rate Does Not Increase Growth
  by Yves Smith 5:44 am

January 6, 2016

• 2:00PM Water Cooler 1/06/2016
  by Lambert Strether 2:00 pm

• Are Charter Schools the New Subprime Mortgages?
  by Yves Smith 9:55 am

• Links 1/6/16
  by Yves Smith 6:55 am

• Michael Olenick: The Lesson of Newtown – Time to Charge for the True Cost of Gun Ownership
  by Yves Smith 5:40 am

• Another Slow Year for the Global Economy
  by Yves Smith 1:50 am

• Deflation Denialism: No, Chancellor, 0.5% Inflation is Not “Welcome News”
  by Yves Smith 1:05 am

January 5, 2016

• 2:00PM Water Cooler 1/05/2016
  by Lambert Strether 2:00 pm

• Start-Up Governments, or Can Bureaucracies Innovate?
  by Yves Smith 9:55 am

• Links 1/5/16
  by David Dayen 6:55 am

• Private Equity Firms Muscling Lenders by Choosing and Paying for Their Lawyers
  by Yves Smith 6:54 am

• Puerto Rico Defaults a Second Time; Claims of “Scheming” Designed to Crush Island Citizens
  by David Dayen 3:00 am

• Wolf Richter: Welcome to 2016! With Just a Touch of Mayhem for Stocks
  by David Dayen 2:00 am

January 4, 2016

• 2:00PM Water Cooler 1/04/2016
  by Lambert Strether 2:00 pm

• Dollar Dominance: Deconstructing the Myths and Untangling the Web
  by Yves Smith 9:55 am

• Links 1/4/16
  by Yves Smith 6:59 am

• Private Equity Made Bad Bet on Ships, Hit by Collapse in China Trade
  by Yves Smith 6:58 am

• The Opposition to Guidelines Discouraging Overuse of Narcotics
  by Yves Smith 5:32 am

• Social Engagement and Cooperative Behaviour: Experimental Evidence
  by Yves Smith 5:00 am

January 3, 2016

• Links 1/3/16
  by Yves Smith 6:55 am

• Louis Proyect: Greece as Rashomon
  by Yves Smith 5:21 am

• Wolf Richter: America’s Largest Utility Jacks up Rates the Most Since 2006 Despite Total Collapse of Natural Gas Prices
  by Yves Smith 4:56 am

January 2, 2016

• Links 1/2/16
  by Yves Smith 6:55 am

• The Obama Report Card: The Good, the Bad and the Incomplete
  by Yves Smith 2:57 am

• Job Guarantee Versus Basic Income Guarantee
  by Yves Smith 1:12 am

January 1, 2016

• Links New Year 2016!
  by Yves Smith 6:55 am

• John Helmer: Putin’s Supper for the Oligarchs – Who’s in the Family, Who’s Out?
  by Yves Smith 3:12 am

• Michael Hudson: The Top Three Economic Stories of 2015
  by Yves Smith 3:00 am