Monthly Archives: April 2016

April 30, 2016

• Links 4/30/16
  by Yves Smith 6:55 am

• The Unfairness of Housing Purchases Through Time
  by Yves Smith 4:33 am

• Will Clinton Attempt to Bring Sanders Supporters into the Democratic Fold?
  by Yves Smith 1:58 am

April 29, 2016

• 2:00PM Water Cooler 4/29/2016
  by Lambert Strether 2:00 pm

• Trade Costs of Border Controls in the Schengen Area
  by Yves Smith 9:55 am

• Links 4/29/16
  by Yves Smith 6:55 am

• Michael Hudson: The Wall Street Economy is Draining the Real Economy
  by Yves Smith 6:00 am

• How the New York Times Helped Hillary Hide the Hawk
  by Yves Smith 5:22 am

• So Which Eurobank is Having Dollar Funding Problems?
  by Yves Smith 3:30 am

• Has the Time Come to Consider Criminalising Tax Avoidance?
  by Yves Smith 2:26 am

April 28, 2016

• 2:00PM Water Cooler 4/28/2016
  by Lambert Strether 2:00 pm

• Don Quijones: A Blow to Transatlantic Corpocracy – Support for TTIP Begins to Unravel
  by Yves Smith 9:55 am

• Links 4/28/16
  by Yves Smith 6:59 am

• Dan Loeb of Third Point Foresees a Hedge Fund “Killing Field”
  by Yves Smith 6:58 am

• Star Trek or The Matrix? Varoufakis’s Challenge to Neoliberalism
  by Yves Smith 6:57 am

• Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall
  by Yves Smith 3:15 am

April 27, 2016

• 2:00PM Water Cooler 4/27/2016
  by Lambert Strether 2:00 pm

• Structural Reforms Are Not the Answer – Expansionary Fiscal Policy Is
  by Yves Smith 9:55 am

• Links 4/27/16
  by Yves Smith 6:55 am

• Should Banks Be Worried About Apple Pay?
  by Yves Smith 6:30 am

• How Bill Gates and His Billionaire Allies Used Their Wealth to Launch Charter Schools in Washington State
  by Yves Smith 3:58 am

• Tom Engelhardt: Donald Trump – Campaigning on America’s Decline
  by Yves Smith 1:16 am

April 26, 2016

• 2:00PM Water Cooler 4/26/2016
  by Lambert Strether 2:00 pm

• Gaius Publius: A Look Ahead – Coming to the Philadelphia Crossroad
  by Yves Smith 9:55 am

• Links 4/26/16
  by Yves Smith 6:59 am

• Worst Example Yet: Unconscionable Apollo Clause Illustrates Depth of Capture of Private Equity Investors
  by Yves Smith 6:58 am

• Our Bloomberg Story: Don’t Let Private Equity Dupe California
  by Yves Smith 5:10 am

• Mathew D. Rose: Merkel’s Refugee Strategy – A Brown Nose Becomes the Chancellor
  by Yves Smith 12:32 am

April 25, 2016

• 2:00PM Water Cooler 4/25/2016
  by Lambert Strether 2:00 pm

• Uber Spends $100 Million to Save its Business Model, But It May Have Just Doomed It
  by David Dayen 9:55 am

• Italy’s Atlas Bank Bailout Fund: The Shareholder of Last Resort
  by David Dayen 9:55 am

• Weak Wall Street Pay Reform Proposals May Have Some Unintended Positive Effects
  by Yves Smith 6:30 am

• Links 4/25/16
  by David Dayen 4:15 am

• The Real Reason Saudi Arabia Killed Doha
  by Yves Smith 1:56 am

April 24, 2016

• Links 4/24/16
  by Yves Smith 6:55 am

• The Zika Virus: Big Moneymaker for Big Pharma?
  by Yves Smith 4:27 am

• Reader Query: Seeking Recommendations on Economics Primers
  by Yves Smith 4:17 am

• Why I (Belatedly) Blew the Whistle on the SEC’s Failure to Properly Investigate Goldman Sachs
  by Yves Smith 4:00 am

April 23, 2016

• Links 4/23/16
  by Lambert Strether 6:55 am

• Sanders Constituency Will Shape U.S. Politics for the Next Decade
  by Yves Smith 12:41 am

• Will the Upheaval in Fossil Fuel Industry Take the Rest of the Economy Down With It?
  by Yves Smith 12:08 am

April 22, 2016

• 2:00PM Water Cooler 4/22/2016
  by Lambert Strether 2:00 pm

• Wolf Richter: Investors Dump Hedge Funds Due to Lousy Performance, High Fees
  by Yves Smith 6:55 am

• Links 4/22/16
  by Yves Smith 6:55 am

• Gaius Publius: Hillary Clinton Won New York, But Her Image Is Underwater
  by Yves Smith 6:50 am

• In America’s Drone Wars, Collateral Damage Comes Home
  by Yves Smith 12:26 am

• Why Are Bankrupt Oil Companies Still Pumping?
  by Yves Smith 12:02 am

April 21, 2016

• 2:00PM Water Cooler 4/21/2016
  by Lambert Strether 2:00 pm

• Greg Palast on How the New York and US Elections are Being Stolen
  by Yves Smith 9:55 am

• Links 4/21/16
  by Yves Smith 6:55 am

• Gerald Friedman: Why “Liberal” Economists Dish Out Despair
  by Yves Smith 6:44 am

• Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?
  by Yves Smith 4:39 am

• Boston “T” FOIA Fight v. Boston Globe Over $25 Million Loss-Making Hedge Fund Investment
  by Yves Smith 4:20 am

April 20, 2016

• 2:00PM Water Cooler 4/20/2016
  by Lambert Strether 2:00 pm

• How European Union Fiscal Rules Subverted Democracy and Institutionalized Neoliberalism
  by Yves Smith 9:55 am

• Links 4/20/16
  by Yves Smith 6:55 am

• Robert Reich: Why Is One of Sanders’ Most Important Proposals Being Ignored?
  by Yves Smith 5:34 am

• UK’s Osborne Exempts Members of Parliament, Other “Politically Exposed Persons” From Money Laundering Oversight
  by Yves Smith 3:13 am

• Our Politico Story on How the Switzerland and the UK Best the US on Tackling the Too Big to Fail Problem
  by Yves Smith 2:08 am

April 19, 2016

• 2:00PM Water Cooler 4/19/2016
  by Lambert Strether 2:00 pm

• The Rise of the Right Wing Populist: Blame It on the Banks
  by Yves Smith 9:55 am

• Links 4/19/16
  by Yves Smith 6:55 am

• Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders
  by Yves Smith 5:55 am

• Obama Administration Trying to Throw Massive Secrecy Veil Over Past and Future Pilfering of Fannie and Freddie
  by Yves Smith 5:33 am

• Sun Capital Ruling: Private Equity Investors on the Hook for Shuttering Underfunded Pensions
  by Yves Smith 4:28 am

April 18, 2016

• 2:00PM Water Cooler 4/18/2016
  by Lambert Strether 2:00 pm

• Market Fundamentalism on ObamaCare at the New York Times
  by Lambert Strether 12:40 pm

• Links 4/18/16
  by Lambert Strether 6:55 am

• Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
  by Yves Smith 6:54 am

• Bill Black: Andrew Ross Sorkin Makes a Hash of Met Life “Too Big to Fail” Decision
  by Yves Smith 6:49 am

• John Helmer: What The USS Donald Cook and Polish Navy Were Doing Off Kaliningrad When They Were Buzzed By the Russian Air Force
  by Lambert Strether 6:25 am

April 17, 2016

• Credentialism and Corruption: Neoliberalism as Lived Experience
  by Lambert Strether 11:55 am

• Links 4/17/16
  by Lambert Strether 6:55 am

• US Wealth Inequality: Quantifying the Driving Factors
  by Lambert Strether 5:55 am

April 16, 2016

• Links 4/16/16
  by Yves Smith 6:55 am

• Towards a Theory of Shadow Money
  by Yves Smith 2:53 am

• The Dirty German Ditty That Got Erdogan So Angry That He Sued
  by Yves Smith 12:34 am

April 15, 2016

• Who Got Reuters to Pull Article on Sanders’ “Left Hook” TV Ad?
  by Yves Smith 6:24 pm

• 2:00PM Water Cooler 4/15/2016
  by Lambert Strether 2:00 pm

• Youth Unemployment in the Mediterranean Region and its Long-Term Implications
  by Yves Smith 9:55 am

• Links 4/15/16
  by Yves Smith 6:55 am

• How CalPERS Was Taken By Private Equity Firm Silver Lake and Tried to Hide That (A Tale of Two Spreadsheets)
  by Yves Smith 6:53 am

• Open Thread: Reader Takes on Sanders/Clinton Brooklyn Debate
  by Yves Smith 6:52 am

• Michael Hudson: Pamama – Laundering Haven for War Budgets
  by Yves Smith 6:50 am

April 14, 2016

• 2:00PM Water Cooler 4/14/2016
  by Lambert Strether 2:00 pm

• America: No Country for Old People
  by Yves Smith 9:55 am

• Links 4/14/16
  by Lambert Strether 6:55 am

• Five Big Banks Get Bad Grades on Living Wills, No One Gets Clean Pass; Admission That “Too Big to Fail” is Alive and Well
  by Yves Smith 6:54 am

• Mathew D. Rose: The Remarkable World of Angela Merkel and Her Friends
  by Yves Smith 6:30 am

• Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance
  by Yves Smith 5:30 am

April 13, 2016

• 2:00PM Water Cooler 4/13/2016
  by Lambert Strether 2:00 pm

• Links 4/13/16
  by Lambert Strether 6:55 am

• Martin Wolf Defends Central Banks’ Negative Interest Rate Policies
  by Yves Smith 6:40 am

• Krugman Kinda, Sorta Retracts a Key Part of Last Friday’s ‘Sanders Over the Edge’ Op-ed
  by Yves Smith 5:57 am

• Housing’s “Deadly Embrace” in Financial Cycles
  by Yves Smith 12:55 am

• John Helmer: Brookings Launches Unguided Missile – The Panama Papers as Putin Plot
  by Yves Smith 12:37 am

April 12, 2016

• 2:00PM Water Cooler 4/12/2016
  by Lambert Strether 2:00 pm

• Intra-EMU Divergence Is A Feature Not A Bug
  by Yves Smith 9:55 am

• Fed Suddenly Having Emergency Meetings as European Banks Also Wobble
  by Yves Smith 9:55 am

• Links 4/12/16
  by Yves Smith 6:55 am

• Gaius Publius: A Look Ahead: Neither Party Can Win Without Winning Independents
  by Yves Smith 6:50 am

• Caesars Bankruptcy Fight Over Alleged Fraudulent Transfers Opens Window on Private Equity Looting
  by Yves Smith 6:18 am

• Can We Cut Carbon Emissions and Still Have Economic Growth?
  by Yves Smith 3:48 am

April 11, 2016

• 2:00PM Water Cooler 4/11/2016
  by Lambert Strether 2:00 pm

• Obama SEC Pick Lisa Fairfax in Limbo Because of Lack of Substance on Everything, Not Just Corporate Political Spending Disclosure
  by David Dayen 9:55 am

• Links 4/11/16
  by David Dayen 4:00 am

• #panamapapers Offshore Funds: On the Run With (Almost) Nowhere to Go?
  by Yves Smith 3:50 am

• Rajiv Sethi: Fee-Structure Distortions in Prediction Markets
  by David Dayen 3:00 am

• How Not to Audit the Pentagon: The Military Waste Machine Is Running Full Speed Ahead
  by Yves Smith 12:01 am

April 10, 2016

• How Bill Clinton’s Mass Incarceration Policies Fed Rising Higher Education Costs and Student Debt Burdens
  by Yves Smith 10:31 pm

• Links 4/10/16
  by Yves Smith 6:55 am

• We Stopped Pfizer’s Tax Dodge, Now Let’s End the Buybacks
  by Yves Smith 1:22 am

• Bill Black: Hillary and Bill and Paul Krugman Race to the Right to Stop the Bern
  by Yves Smith 12:19 am

April 9, 2016

• Links 4/9/16
  by Yves Smith 6:55 am

• Paul Krugman Crosses the Line
  by Yves Smith 5:18 am

• #panamapapers: Questioning the Picture Painted in the WSJ’s Interview With Jürgen Mossack
  by Richard Smith 3:00 am

April 8, 2016

• 2:00PM Water Cooler 4/8/2016
  by Lambert Strether 2:00 pm

• Ireland: a Recovery Built on Sand
  by Yves Smith 9:55 am

• Gillian Tett Shows She Does Not Understand Offshore “Profits,” Parrots Corporate Propaganda Instead
  by Yves Smith 8:13 am

• Links 4/8/16
  by Yves Smith 6:55 am

• Don Quijones: Colombia Pays the Steep Cost of So-Called “Free” Trade
  by Yves Smith 6:34 am

• Bill Black: The Myth that Obama’s Taking Huge Contributions from Wall Street Was Fine
  by Yves Smith 2:37 am

• North Carolina Knowingly Allows Fox to Run State Pension Henhouse
  by Yves Smith 1:48 am

April 7, 2016

• 2:00PM Water Cooler 4/7/2016
  by Lambert Strether 2:00 pm

• Bill Black: AEI Pushes Government Propaganda Telling Women to Marry Schlubs
  by Yves Smith 9:55 am

• Links 4/7/16
  by Yves Smith 6:59 am

• Jamie Dimon Tells Us We Need to Leave Too Big to Fail Banks Alone
  by Yves Smith 6:53 am

• What Happens When America’s Kids Confront Extreme Inequality?
  by Yves Smith 4:46 am

• How the United States Became a Prisoner of War and Congress Went MIA
  by Yves Smith 3:42 am

April 6, 2016

• 2:00PM Water Cooler 4/6/2016
  by Lambert Strether 2:00 pm

• A New Stability and Growth Pact? Let’s Drop the Technocratic Veil!
  by Yves Smith 9:55 am

• Links 4/6/16
  by Yves Smith 6:58 am

• Treasury Implements New Rules Aimed at Inversions, Other Tax Strategies, Scuttling Pfizer-Allergan Deal and Evoking Howls from Pharma
  by Yves Smith 6:50 am

• Elizabeth Warren Flays Former Fed Official Who Saw No Evil on Subprime Loans, Currently Peddling Line That Regulation is Too Costly (to Banks, Natch)
  by Yves Smith 5:03 am

• #panamapapers – Why Critic Craig Murray Needs the Scorecard Before He Can Name The Players
  by Richard Smith 5:03 am

April 5, 2016

• 2:00PM Water Cooler 4/6/2016
  by Lambert Strether 2:00 pm

• What “Hope” (and Change) Look Like in the Labor Market, According to the New York Times
  by Lambert Strether 12:55 pm

• Links 4/5/16
  by Yves Smith 6:55 am

• Gaius Publius: Will Sanders Play His Ace?
  by Yves Smith 3:41 am

• Bill Black: Krugman on the Corruption of Our Nation via Perverse Incentives
  by Yves Smith 1:47 am

April 4, 2016

• Did Italy And Malta Actually Agree To Swap Oil Rights For Refugees?
  by Yves Smith 7:15 pm

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

• A Modest Proposal: Securitizing Loans for Large Health Care Expenses
  by Lambert Strether 12:25 pm

• Links 4/4/16
  by Lambert Strether 6:55 am

• The Consequences of Brexit for UK Trade and Living Standards
  by Lambert Strether 6:25 am

• New Zealand’s FMA, the Breder Suasso Conundrum, Mossack Fonseca, and #panamapapers
  by Richard Smith 3:00 am

• Public Pension Funds Starting to Abandon Hedge Funds….More Than a Decade Late
  by Yves Smith 2:27 am

April 3, 2016

• Links 4/3/16
  by Lambert Strether 6:55 am

• Leaked Memo Reveals IMF (Still) Wants Out of Greece Bailout and Plots to Pressure Germany to Act
  by Yves Smith 6:30 am

• Why Are K-12 School Leaders Being Trained in Coercive Interrogation Techniques?
  by Lambert Strether 5:25 am

April 2, 2016

• Links 4/2/16
  by Yves Smith 6:55 am

• Is the Oil Price-GDP Link Broken?
  by Yves Smith 3:10 am

• A Wake-Up Call on Climate Change and Clean Energy
  by Yves Smith 2:35 am

April 1, 2016

• 2:00PM Water Cooler April Fool’s Day 2016
  by Lambert Strether 2:00 pm

• How Much Has Global Economic Power Really Shifted?
  by Yves Smith 9:55 am

• Links 4/1/16
  by Yves Smith 6:55 am

• Can Sanders Win Over Rich Voters in New York?
  by Yves Smith 6:54 am

• Is an Aussie Debt Crisis Around the Corner?
  by Yves Smith 6:48 am

• Wolf Richter: Job Cuts Pile Up
  by Yves Smith 5:53 am

• A Firm Elizabeth Warren Wants Examined for Statements on Fiduciary Duty Reform is Where the SEC’s Tainted Former Exam Chief, Andrew Bowden, Landed as General Counsel
  by Yves Smith 3:40 am