Monthly Archives: February 2016

February 29, 2016

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

• CFTC Commissioner Giancarlo Admits to Hijacking Advisory Committee to Boost Commodity Speculators
  by David Dayen 9:55 am

• Links Leap Day 2016
  by David Dayen 6:55 am

• James Galbraith: The Friedman v. Romers Growth Debate on the Sanders Plan – A Summing Up
  by Yves Smith 6:50 am

• Merkel Channels Varoufakis: “No Plan B,” in This Case, on Migrants
  by Yves Smith 3:20 am

• Oil Giant Cuts Budget By 80 Percent And Suspends Fracking
  by David Dayen 2:00 am

February 28, 2016

• Links 2/28/16
  by Yves Smith 6:55 am

• Donald Trump’s Truly Absurd, Word Salad, Gibberish Health Care Policy
  by Yves Smith 2:50 am

• Offshore Ireland Implicated in Bank Collapse, Once Again
  by Yves Smith 2:24 am

• The Ogre & the Cog: A Tale of Modern Misallocation
  by Yves Smith 12:40 am

February 27, 2016

• Links 2/27/16
  by Yves Smith 6:55 am

• James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan
  by Yves Smith 6:50 am

• Negative Rates, Negative Reactions
  by Yves Smith 3:22 am

February 26, 2016

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

• Wolf Richter: Is This the Beginning of the Next Recession?
  by Yves Smith 9:55 am

• Links 2/26/16
  by Yves Smith 6:55 am

• Germany Lays the Foundations for a New Eurozone Debt/Banking Crisis
  by Yves Smith 6:55 am

• Black Lives Matter Activist Confronts Clinton About Racially Charged “Superpredator” Statement Because the Corporate Media Won’t
  by Yves Smith 2:16 am

• China’s Vulnerable External Balance Sheet
  by Yves Smith 1:14 am

February 25, 2016

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

• Introducing Kuznets Waves: How Income Inequality Waxes and Wanes Over the Very Long Run
  by Yves Smith 9:55 am

• Links 2/25/16
  by Yves Smith 6:55 am

• The New Shadow Banks: Private Equity Becomes Private Credit
  by Yves Smith 6:55 am

• A Clinton Presidency Has Been/Would Be a Disaster for Black and Brown Communities. Here’s Why.
  by Yves Smith 1:00 am

• 35% Of Public Oil Companies Could Face Bankruptcy
  by Yves Smith 12:29 am

February 24, 2016

• 2:00PM Water Cooler 2/24/2016
  by Lambert Strether 2:00 pm

• Eric Garland: Seven Lessons from How Private Equity Wrecked Guitar Center
  by Yves Smith 9:55 am

• Links 2/24/16
  by Yves Smith 6:59 am

• Former Playboy Playmate, Other Finance-Linked Donors, Give Big Bucks to “Sheriff of Wall Street” Eric Schneiderman
  by Yves Smith 6:57 am

• Robert Reich: Are We Witnessing the Death of America’s Political Establishment?
  by Yves Smith 6:26 am

• San Francisco: “Baghdad by the Bay” for People of Color
  by Yves Smith 1:17 am

• Please Attend or Listen to Bank Whistleblowers United Event This Thursday in DC
  by Yves Smith 12:27 am

February 23, 2016

• 2:00PM Water Cooler 2/23/2016
  by Lambert Strether 2:00 pm

• ObamaCare Open Enrollment Whimpers to a Close, as Exchanges Continue Their Slow Death Spiral
  by Lambert Strether 12:55 pm

• California Treasurer and CalPERS Board Member John Chiang Introduces Private Equity Transparency Bill
  by Yves Smith 9:55 am

• Links 2/23/16
  by Yves Smith 6:55 am

• Bill Black: Krugman Triples Down on His Smear of Friedman and Bernie
  by Yves Smith 6:41 am

• The UK’s Money Laundering Mess (III): LLPs, Secrecy Jurisdictions, PSCs, and a Forthcoming Fiasco
  by Richard Smith 3:30 am

• Delhi’s Wasteful “Smart City” for Its Elites: Bloomberg’s Parasitical Model for the Future?
  by Yves Smith 3:10 am

February 22, 2016

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

• Is “The Obama Coalition” Even a Thing? Was It Ever?
  by Lambert Strether 12:35 pm

• Links 2/22/16
  by Lambert Strether 6:55 am

• Krugman and His Gang’s Libeling of Economist Gerald Friedman for Finding That Conventional Models Show That Sanders Plan Could Work
  by Yves Smith 6:50 am

• More Evidence That CalPERS Board (and Staff?) Does Not Understand Finance
  by Yves Smith 4:15 am

• Syriza Sells Out Former Ally, Palestine, to Form Ties with Israel, and Indirectly, Germany
  by Yves Smith 4:00 am

• The Danger Of Low Oil Prices For The Global Economy
  by Lambert Strether 2:25 am

February 21, 2016

• Links 2/21/16
  by Lambert Strether 6:55 am

• Mathew D. Rose: Carpe “DiEM 25,” and Democratizing Europe
  by Lambert Strether 5:55 am

• United States On Path to Becoming Major Exporter of Natural Gas Despite Climate Impacts
  by Lambert Strether 4:55 am

February 20, 2016

• Links 2/20/16
  by Yves Smith 6:55 am

• The ECB’s Original Sin and Franco Modigliani’s Long View
  by Yves Smith 4:33 am

• Did Money Evolve? You Might (Not) Be Surprised
  by Yves Smith 1:11 am

February 19, 2016

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

• The China Delusion
  by Yves Smith 9:55 am

• Links 2/19/16
  by Yves Smith 6:55 am

• The Crackpot Realism of Clintonian Politics
  by Yves Smith 6:50 am

• The Financial Times’ Revisionist History on Hedge Funds’ Failure to Deliver Manager Outperformance, or Alpha
  by Yves Smith 5:43 am

• Michael Hudson Discusses the Federal Reserve and the Global Fracture
  by Yves Smith 5:16 am

February 18, 2016

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

• Hard Times for Italian Banks
  by Yves Smith 9:55 am

• Links 2/18/16
  by Yves Smith 6:55 am

• Anyone Want to Buy Deutsche Bank?
  by Richard Smith 6:50 am

• Wolf Richter: Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever – Moody’s
  by Yves Smith 3:30 am

• A Modest Proposal for an Efficient Rental Market
  by Yves Smith 12:37 am

February 17, 2016

• 2:00PM Water Cooler 2/17/2016
  by Lambert Strether 2:00 pm

• Randy Wray: American Colonial Currency (Debt Free Money, Part 4)
  by Yves Smith 9:55 am

• Links 2/17/16
  by Yves Smith 6:55 am

• Ex-Goldmanite , Now Minneapolis Fed President Neel Kashkari Calls for “Transformative” Changes to Banks, Ending TBTF, Even Regulating Them as Utilities
  by Yves Smith 6:50 am

• Cyber Security and the Financial System – Why Technology Snake Oil Sells
  by Yves Smith 6:40 am

• Michael Hudson Discusses the New Global Financial Cold War
  by Yves Smith 3:36 am

February 16, 2016

• 2:00PM Water Cooler 2/16/2016
  by Lambert Strether 2:00 pm

• Randy Wray: The Value of Redemption (Debt Free Money, Part 3)
  by Yves Smith 9:55 am

• Links 2/16/16
  by Yves Smith 6:57 am

• Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?
  by Yves Smith 6:55 am

• Cyber Security and the Financial System – What Do Governments Want from the Banks?
  by Yves Smith 6:40 am

• “Greed”: Announcing Econ4 Video Contest Winners
  by Yves Smith 4:29 am

• Utilities Getting Regulatory Support for Screwing Solar Customers
  by Yves Smith 12:12 am

February 15, 2016

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

• Has the Democratic Party Establishment Rigged the Nomination Process in Clinton’s Favor through the Superdelegate System?
  by Lambert Strether 12:35 pm

• Has the Crash of the Global Financial Markets Begun?
  by Yves Smith 9:55 am

• Links 2/15/16
  by Lambert Strether 6:55 am

• Money and Banking – Treasury and Central Bank Interactions
  by Lambert Strether 4:55 am

• The Koch “Center for Free Enterprise”: A Slippery Slope Indeed
  by Yves Smith 12:12 am

February 14, 2016

• Links 2/14/16
  by Yves Smith 6:55 am

• Satyajit Das: Age of Stagnation or Something Worse?
  by Yves Smith 2:08 am

February 13, 2016

• Timing of Scalia’s Death a Gift to the Left
  by Yves Smith 11:09 pm

• Links 2/13/16
  by Yves Smith 6:55 am

• Wolf Richter: Financial Chaos, Junk Bond Edition
  by Yves Smith 3:09 am

• For First Time In Years, Labor Resistance Is on the Rise in America
  by Yves Smith 2:56 am

February 12, 2016

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

• Should Argentina Now Pay the Ransom to Its Hostage-Takers?
  by Yves Smith 9:55 am

• Links 2/12/16
  by Yves Smith 6:59 am

• Bill Black: The Inaugural Financial Fraud Lemons of the Week Award Goes to DOJ
  by Yves Smith 6:11 am

• Eurobanks: The Probable Point of Failure as Systemic Stress Rises
  by Yves Smith 5:58 am

• Gaius Publius: Michelle Alexander, the Black Community & the Hillary Clinton Campaign
  by Yves Smith 5:09 am

• The Hidden Agenda Behind Saudi Arabia’s Market Share Strategy
  by Yves Smith 3:11 am

February 11, 2016

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

• Can Mass Migration Boost Innovation and Productivity?
  by Yves Smith 9:55 am

• Links 2/11/16
  by Yves Smith 6:55 am

• Former Central Banker William White on the Failure of QE, Danger of Negative Interest Rates
  by Yves Smith 6:45 am

• Online Public Schools Are a Disaster, Admits Billionaire, Charter School-Promoter Walton Family Foundation
  by Yves Smith 6:36 am

• Bill Black: Whistleblowers’ Plan Is Hillary’s Pragmatic Opportunity to Live Up to Her Word on Bank Reform
  by Yves Smith 5:48 am

• France To Build 621 Miles Of Solar Roads
  by Yves Smith 2:26 am

February 10, 2016

• 2:00PM Water Cooler 2/10/2016
  by Lambert Strether 2:00 pm

• Dean Baker Exposes How CBO Cooks Inflation Forecasts to Promote Deficit Scaremongering
  by Yves Smith 9:55 am

• Links 2/10/16
  by Yves Smith 6:59 am

• Technology and the Future of Work
  by Yves Smith 6:55 am

• Bill Black: The AEI and Brookings Sell Marriage as the Solution for Poverty
  by Yves Smith 6:33 am

• How Many Flints? America’s Coast-to-Coast Toxic Crisis
  by Yves Smith 2:57 am

February 9, 2016

• 2:00PM Water Cooler 2/9/2016
  by Lambert Strether 2:00 pm

• Money and Banking – The Fed and Monetary Policy
  by Yves Smith 9:55 am

• Why the Market Freakout About Bank Stocks is Well Warranted
  by Yves Smith 8:13 am

• Links 2/9/16
  by Yves Smith 6:55 am

• Tax Breaks for Big Pharma on Top of Unreasonable Price Hikes
  by Ed Walker 6:50 am

• Which Presidential Candidates are Most Friendly to the Energy Industry?
  by Yves Smith 6:37 am

• Chinese Communists and Wacko U.S. Right Want to Save Us from Girlie Men
  by Yves Smith 6:09 am

February 8, 2016

• 2:00PM Water Cooler 2/8/2016
  by Lambert Strether 2:00 pm

• It’s Not Just TPP. Can a President Kill NAFTA? Al Gore Thought So. Hillary Clinton Too.
  by Yves Smith 9:55 am

• Links 2/8/16
  by David Dayen 6:55 am

• Stock Market Investors Abandon Private Equity, Expect No Profits Overall From Current Deals
  by Yves Smith 6:50 am

• Capital Requirements: Another Odd Attempt to Declare Victory on Dodd-Frank
  by David Dayen 3:15 am

• Wolf Richter: What the Heck is Going on in the Stock Market?
  by David Dayen 2:30 am

• Positive Money in Action
  by Yves Smith 1:05 am

• Tom Engelhardt: The U.S. Military Bombs in the Twenty-First Century
  by Yves Smith 12:38 am

February 7, 2016

• Sanders v. Clinton Democratic Debate: Corruption, Health Care and Theories of Change
  by Lambert Strether 12:55 pm

• Links 2/7/16
  by Lambert Strether 6:55 am

• Jim Hightower: What Really Poisoned the Water in Flint, Michigan
  by Lambert Strether 4:55 am

February 6, 2016

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

• Gaius Publius: The Pressure on Warren to Support Hillary Clinton
  by Yves Smith 6:00 am

• John Helmer: Strauss-Kahn Finds a New Way of Dropping His Pants
  by Yves Smith 5:35 am

• Paul Craig Roberts on Michael Hudson’s Killing the Host
  by Yves Smith 4:41 am

February 5, 2016

• 2:00PM Water Cooler 2/5/2016
  by Lambert Strether 2:00 pm

• Capital Bleeds from Emerging Asia
  by Yves Smith 9:55 am

• Links 2/5/16
  by Yves Smith 6:59 am

• Adolph Reed on Sanders, Coates, and Reparations
  by Yves Smith 6:50 am

• CalPERS Takes on Risk Where Federal Government Fears to Tread: Provides Liquidity to a Derivatives Central Counterparty on the Cheap
  by Yves Smith 6:45 am

• Bill Black: How Many Lies Can the WSJ Pack into a Chart on Liar’s Loans?
  by Yves Smith 3:47 am

February 4, 2016

• 2:00PM Water Cooler 2/4/2016
  by Lambert Strether 2:00 pm

• Trump’s Neofascism Isn’t Going Away, Even if Trump Does
  by Yves Smith 9:55 am

• Links 2/4/16
  by Yves Smith 6:59 am

• New York Times’ Bank-Boosting, Neoliberal-Excusing Story of the Global Debt Hangover
  by Yves Smith 6:40 am

• The North Korean Connections of US Billionaire Naguib Sawiris and US Defence Company Contrack Watts
  by Richard Smith 4:00 am

• Explaining Why Federal Deficits Are Needed
  by Yves Smith 3:59 am

February 3, 2016

• 2:00PM Water Cooler 2/3/2016
  by Lambert Strether 2:00 pm

• Bill Black: Lenders’ Lies about Liar’s Loans and “Rigorous Underwriting”
  by Yves Smith 9:55 am

• Links 2/3/16
  by Yves Smith 6:59 am

• Clinton Campaign Goes on Tilt as a Result of Dead Heat With Sanders in Iowa
  by Yves Smith 6:50 am

• The Middle East as America’s New Vietnam
  by Yves Smith 4:09 am

• Is the Saudi Market Share Strategy Backfiring?
  by Yves Smith 2:40 am

February 2, 2016

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

• Why the Neoclassical Story About German Wage “Moderation” Causing the Eurozone Crisis is Wrong
  by Yves Smith 9:55 am

• Links 2/2/16
  by Yves Smith 6:59 am

• Grexit Risk May Be Back Sooner Than You Think
  by Yves Smith 6:50 am

• CalPERS, CalSTRS Board Member Betty Yee Asks the SEC to Rescue Public Pension Funds From Themselves
  by Yves Smith 6:00 am

• The Greenhouse 100
  by Yves Smith 3:00 am

February 1, 2016

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

• Central Counterparties: The New Locus of Systemic Risk?
  by Yves Smith 9:55 am

• Money and Banking: How the Fed Controlled Interest Rates Before and After the Crisis
  by Yves Smith 3:46 am

• Links 2/1/16
  by David Dayen 3:30 am

• Third Way Misleads Hard in a Weak Effort to Discredit Social Security Expansion
  by David Dayen 2:55 am

• The Bank Whistleblowers United – Who are We, and Why are We Trying to Help Implement Real Banking Reform?
  by David Dayen 2:00 am