Monthly Archives: June 2016

June 30, 2016

• 2:00PM Water Cooler 6/30/2016
  by Lambert Strether 2:00 pm

• Brexit: Why the UK is Unlikely to Have a General Election Soon
  by Yves Smith 9:55 am

• Links 6/30/16
  by Yves Smith 6:59 am

• EU to UK on Brexit: “What About ‘Nein’ Don’t You Understand?”
  by Yves Smith 6:58 am

• Brexit: Does Invoking Article 50 Require the Approval of Parliament?
  by Yves Smith 6:40 am

• Bill Black: The Terrible Cost to Democrats and Our Nation of Ignoring Tom Frank’s Warnings
  by Yves Smith 5:13 am

• We Were Under a DDoS Attack Yesterday
  by Yves Smith 3:06 am

June 29, 2016

• 3:00PM Water Cooler 6/29/2016
  by Lambert Strether 3:07 pm

• UK, EU Talk Past Each Other on Brexit Negotiations
  by Yves Smith 8:20 am

• Links 6/29/16
  by Yves Smith 6:59 am

• Ethereum and Smart Contract Unicorn Woo-Woo – There Should Be a Law Against It
  by Yves Smith 6:58 am

• Matt Stoller: How the US Saw Multinationals as a Means to Prevent War
  by Yves Smith 3:55 am

• Patrick Cockburn: How Neoliberalism and Cold War Obsessions Fractured the Middle East
  by Yves Smith 2:38 am

June 28, 2016

• 2:00PM Water Cooler 6/28/2016
  by Lambert Strether 2:00 pm

• Is Common-Sense Public Policy Necessarily “Innovative”?
  by Lambert Strether 11:25 am

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

• How Brexit Threatens to Turn the UK Into “Borisland”
  by Yves Smith 6:50 am

• Why Income Inequality Will Get Worse Before It Gets Better
  by Yves Smith 5:39 am

• Satyajit Das: What If Anything Does Brexit Really Signify?
  by Yves Smith 2:51 am

June 27, 2016

• 2:00PM Water Cooler 6/27/2016
  by Lambert Strether 2:00 pm

• Fear and Loathing at the Trump SoHo Hotel: Trump Throws the Republican Oppo File at Clinton
  by Lambert Strether 12:25 pm

• Links 6/27/16
  by Lambert Strether 6:55 am

• Boris “Just Kidding” Johnson Outlines His Rainbows and Unicorns Brexit Plan
  by Yves Smith 5:50 am

• Mathew D. Rose: Brexit – Land of Hope and Glory
  by Yves Smith 3:48 am

• Private Equity Expert/Reformer Opposes California Treasurer Chiang’s Now-Phony “Fee Transparency” Bill
  by Yves Smith 3:00 am

• Rebalancing, Wealth Transfers, and the Growth of Chinese Debt
  by Lambert Strether 1:55 am

June 26, 2016

• Links 6/26/16
  by Lambert Strether 6:55 am

• Brexit: Fear, Loathing, and Anger on Both Sides of the Channel
  by Yves Smith 5:45 am

• Trade Invoicing in Major Currencies in the 1970S-1990S: Lessons for Renminbi Internationalisation
  by Lambert Strether 2:25 am

June 25, 2016

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

• Brexit: Pulling the Signal Out of the Noise
  by Yves Smith 6:17 am

• MIchael Hudson: The Slow Crash
  by Yves Smith 4:55 am

June 24, 2016

• 2:00PM Water Cooler 6/24/2016
  by Lambert Strether 2:00 pm

• California Treasurer Chiang’s Private Equity Transparency Three Card Monte
  by Yves Smith 11:20 am

• The Sterling Depreciation of 2007-2008 and Its Implications for Brexit
  by Yves Smith 10:04 am

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

• Brexit: The Crisis Begins
  by Yves Smith 6:55 am

• Wolf Richter: Worst “Zombie States” in America “Deteriorate Faster, Further”
  by Yves Smith 6:54 am

• Michael Hudson: Socrates on Debt and Ibn Khaldun on the Cyclical Rise and Fall of Societies
  by Yves Smith 2:33 am

June 23, 2016

• 2:00PM Water Cooler 6/23/2016
  by Lambert Strether 2:00 pm

• The Global “New Normal” Is Not New– But It Is Still a Real Concern
  by Yves Smith 9:55 am

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

• IMF Warns That Inequality, Poverty, Low Productivity Growth, Falling Workforce Participation Will Drag on US Growth
  by Yves Smith 5:08 am

• Sanders Has Leverage But Clinton Will Never Bargain
  by Yves Smith 4:20 am

• Enforcement of Puerto Rico’s Colonial Debt Pushes Out Young Workers
  by Yves Smith 3:11 am

June 22, 2016

• 2:00PM Water Cooler 6/22/2016
  by Lambert Strether 2:00 pm

• How Financial Crises Produce Political Polarization
  by Yves Smith 9:55 am

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

• Economists are Divided over Brexit
  by Yves Smith 5:21 am

• Corruption of FDA Clinical Trials Reports: The Problem and a Proposed Remedy
  by Yves Smith 5:15 am

• William Astore: Air Supremacy Isn’t What It Used to Be
  by Yves Smith 2:06 am

June 21, 2016

• 2:00PM Water Cooler 6/21/2016
  by Lambert Strether 2:00 pm

• Questioning Immigration is Not Racism
  by Yves Smith 9:55 am

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

• Men Exiting Workforce as Low-Wage Jobs Vanish
  by Yves Smith 6:30 am

• John Helmer: US Strategy for Russia – Wage War but Not Declare It
  by Yves Smith 5:45 am

• Do You Vote Democrat As A Default Position? BIG Mistake!
  by Yves Smith 2:23 am

June 20, 2016

• 2:00PM Water Cooler 6/20/2016
  by Lambert Strether 2:00 pm

• Slavery At Sea: The Ugly Underbelly Of Oil Shipping
  by Yves Smith 9:55 am

• Kentucky Pension Fund: “Like a 3rd World Country with 2 Different Governments Claiming Power”
  by Yves Smith 9:55 am

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

• North Carolina Threatens to Cancel Toll Road Project, Showing Political Risk of Infrastructure Deals
  by Yves Smith 3:31 am

• Brexit Risk and Nigel Farage: We Know Where His Mouth is (“England”), But is His Money Offshore?
  by Richard Smith 3:00 am

• Chaos Theory, Shocks, and Fragility, Australia and Elsewhere
  by Yves Smith 2:55 am

June 19, 2016

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

• 5 Eco-Friendly Social Housing Projects
  by Yves Smith 4:19 am

• Curbing Monopolies Promotes Growth, Lowers Inequality
  by Yves Smith 4:03 am

June 18, 2016

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

• Why Did 51 American State Department Officials ‘Dissent’ Against Obama and Call for Bombing Syria?
  by Yves Smith 4:33 am

• French President Threatens to Outlaw Protests Against Labor Reforms
  by Yves Smith 4:20 am

June 17, 2016

• 2:00PM Water Cooler 6/17/2016
  by Lambert Strether 2:00 pm

• HR 5424, “Investment Advisers Modernization Act,” a “Get Out of Madoff and Other Frauds for Free” Bill, Passes Financial Services Committee
  by Yves Smith 9:55 am

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

• Unequal Gains: American Growth and Inequality Since 1700
  by Yves Smith 6:44 am

• Facing Up to the World’s Health Crises….and the TPP Would Make Matters Worse
  by Yves Smith 5:15 am

• Hedge Fund Shakeout Continues
  by Yves Smith 2:55 am

June 16, 2016

• British MP Jo Cox Murdered in Presumed Brexit-Related Attack
  by Yves Smith 2:33 pm

• 2:00PM Water Cooler 6/16/2016
  by Lambert Strether 2:00 pm

• The New Education Reform Lie: Why Denver Is a Warning Sign, Not a Model, for Urban School Districts
  by Yves Smith 9:55 am

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

• Mathew D. Rose: Brexit – The End of the Universe
  by Yves Smith 6:45 am

• Wolf Richter: These Debt Slaves are the Government’s Largest Asset Class, and It Will Haunt the Economy for Years
  by Yves Smith 6:39 am

• Thank You for A Very Successful and Very Rapid Mini-Fundraiser!
  by Lambert Strether 2:55 am

• Need a Loan in China? Hand Over a Nude Photo
  by Yves Smith 1:43 am

June 15, 2016

• 2:00PM Water Cooler 6/15/2016
  by Lambert Strether 2:00 pm

• Fear and Loathing at Trump National Golf Club: The Donald Gives a “Presidential” Victory Speech
  by Lambert Strether 11:45 am

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

• Elizabeth Warren Slams SEC’s Mary Jo White for Putting “Information Overload” Project Ahead of Dodd Frank Rulemaking
  by Yves Smith 6:33 am

• And Now, Price Deflation in India and China?
  by Yves Smith 3:14 am

June 14, 2016

• Announcing Mini-Fundraiser for Water Cooler!
  by Yves Smith 10:30 pm

• Russia Is Reportedly Set To Release Clinton’s Intercepted Emails
  by Yves Smith 5:51 pm

• 2:00PM Water Cooler 6/14/2016
  by Lambert Strether 2:00 pm

• Now Luxembourg, Switzerland Are Working to Bolster Tax Haven USA
  by Yves Smith 9:55 am

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

• Fear and Loathing at Saint Anselm: The Donald Gives a “Presidential” Speech on National Security
  by Lambert Strether 5:55 am

• The Happiness Industry: How Corporations Want to Manage Your Mind
  by Yves Smith 4:59 am

• Location, Location, Location: The Persistence of Fortune
  by Yves Smith 4:35 am

• Global Money: A Work in Progress
  by Yves Smith 3:24 am

June 13, 2016

• 2:00PM Water Cooler 6/13/2016
  by Lambert Strether 1:57 pm

• More Collateral Damage From Negative Interest Rates (Updated and Corrected)
  by Yves Smith 9:55 am

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

• Why a Leave Vote May Not Result in a Brexit
  by Yves Smith 3:36 am

• Adolph Reed: Identity Politics Exposing Class Division in Democrats
  by Lambert Strether 1:55 am

• Mortgage Document Fabrication is Alive and Well…
  by Yves Smith 1:17 am

June 12, 2016

• Links 6/12/16
  by Lambert Strether 6:55 am

• Cyprus Officials in Stealth Talks with Victoria Nuland on Turkish Troop Plan
  by Lambert Strether 4:55 am

• New Zealand: Kea Street Cred and US$1Bn Promise Lures Kiwi to Front Very Peculiar Financial Service Providers
  by Richard Smith 3:10 am

• Cyber Risk as Systemic Risk
  by Lambert Strether 2:55 am

• Star Wars: The Fed Awakens
  by Yves Smith 1:55 am

June 11, 2016

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

• Bond Market Flight to Safety as Investors Sweat Over Brexit Risk, Wobbly US Economy, Negative Rates
  by Yves Smith 5:25 am

• The Clinton Campaign Continues to Help Trump Ensure That Policy Won’t Matter in This Election
  by Yves Smith 4:15 am

• Apologies for Site Outages – We Were Under a DDoS Attack
  by Yves Smith 12:07 am

June 10, 2016

• 2:00PM Water Cooler 6/10/2016
  by Lambert Strether 2:00 pm

• Want to Kill Your Economy? Have MBA Programs Churn Out Takers Not Makers.
  by Yves Smith 9:55 am

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

• “Finance is Just Another Industry”
  by Yves Smith 6:36 am

• TSA as Example of Privatization Playbook: Make an Agency Perform Badly By Underfunding It….
  by Yves Smith 5:55 am

• Vancouver Mayor Mulls Empty Homes Tax
  by Yves Smith 5:00 am

June 9, 2016

• 2:00PM Water Cooler 6/9/2016
  by Lambert Strether 2:00 pm

• Hensarling’s “Market Regulation” Replacement to Dodd Frank Proves He Does Not Understand Banking
  by Yves Smith 9:55 am

• Links 6/9/16
  by Yves Smith 6:58 am

• Banks Rebel Against Negative Interest Rates
  by Yves Smith 6:45 am

• Transparency International Reports on Massive Corruption in the Pharmaceutical Sector – Media Hardly Notices
  by Yves Smith 3:30 am

• The Supposedly Liberal NY Review of Books Published a Very Strange Review of Chomsky’s Latest
  by Yves Smith 2:57 am

June 8, 2016

• 2:00PM Water Cooler 6/8/2016
  by Lambert Strether 2:00 pm

• Gaius Publius: Puerto Rico Democratic Party Reduced Primary Votes to 8% of What Was Expected
  by Yves Smith 9:55 am

• Links 6/8/16
  by Lambert Strether 6:55 am

• Can Philosophy Stop Bankers From Stealing?
  by Yves Smith 5:56 am

• Artificial Intelligence and Employment
  by Lambert Strether 3:25 am

June 7, 2016

• Democrat Primary Open Thread: California, Montana, New Jersey, New Mexico, North Dakota, and South Dakota
  by Lambert Strether 7:55 pm

• 2:00PM Water Cooler 6/7/2016
  by Lambert Strether 2:00 pm

• Global Development and Environment Study Finds TPP Will Cost US Nearly 500,000 Jobs
  by Yves Smith 9:55 am

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

• CalPERS-TH Lee Row Over Private Equity Fee Abuses Demonstrates Failure of SEC Oversight
  by Yves Smith 6:52 am

• Michael Hudson: Millions Around the World Fleeing from Neoliberal Policy
  by Yves Smith 3:31 am

June 6, 2016

• Congratulations to Readers! We Hit 750,000 Comments!
  by Yves Smith 11:28 pm

• Clinton Loyalist Authoritarianism: Brad DeLong Threatens a Journalist and Economists. Who is Next?
  by Yves Smith 6:31 pm

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

• Why So Many Americans Are Voting Against the Status Quo, in One Chart
  by Yves Smith 11:17 am

• Bill Black: The Lie That “China Wins” if the TPP Kangaroo Tribunals are Stopped
  by Yves Smith 9:55 am

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

• Tom Engelhardt: How Donald Trump Reveals the March of American Authoritarianism
  by Yves Smith 6:16 am

• Financial Times Exposes McKinsey’s Secret, Conflict-Ridden In-House Hedge Fund
  by Yves Smith 6:15 am

• Debate: Is “Degrowth” the Way to Reduce Greenhouse Gases?
  by Yves Smith 3:00 am

June 5, 2016

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

• Gaius Publius: Comparing Debate Styles — Trump, Clinton, Sanders
  by Yves Smith 6:55 am

• New Zealand: Icon Sachs (Whatever That is), Fennas Finance, a Bank Account at an ANZ Napier Branch, a Conspiracy Theorist And a Ponzi Scheme
  by Richard Smith 3:00 am

• Wolf Richter: What Makes This Jobs Report So Truly Ugly?
  by Yves Smith 2:55 am

June 4, 2016

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

• Portland Is a Sustainable Utopia—How It Happened
  by Yves Smith 3:32 am

• Steve Keen: Zombie-to-Be Economies and the Walking Dead of Debt Include China, South Korea, Canada, Finland
  by Yves Smith 3:07 am

June 3, 2016

• 2:00PM Water Cooler 6/3/2016
  by Lambert Strether 2:00 pm

• The Abandonment of Countercyclical Fiscal Policy
  by Yves Smith 9:55 am

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

• Gauis Publius: Three Data Points Regarding Clinton’s Email Server and the Law
  by Yves Smith 6:30 am

• Investment Case Study: Some Oxford Dons Take Skeptical Look at Yale and Canadian Investment Fads, Um, Models
  by Yves Smith 5:28 am

• Michael Pettis: China – How Much Investment is Optimal?
  by Yves Smith 3:00 am

June 2, 2016

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

• Our Politico Story on Why Clinton Does Not Deserve the Sanders Vote
  by Yves Smith 9:55 am

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

• Hoisted From Comments: Neoliberalism Tearing Societies Apart
  by Yves Smith 6:35 am

• The SEC Fines a Private Equity Firm for Broker-Dealer Fee Violations. Are KKR, Apollo, Blackstone, TPG, Carlyle and Lots of Others on Its Hit List?
  by Yves Smith 5:29 am

• EU’s Politically Biased Tax Haven Blacklist Excludes US and Switzerland
  by Yves Smith 2:25 am

June 1, 2016

• 2:00PM Water Cooler 6/1/2016
  by Lambert Strether 2:00 pm

• Hoisted from E-Mail: “New York Times Article Promotes Price-Fixing in the Drug Market”
  by Yves Smith 9:55 am

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

• Gaius Publius: Bernstein – The White House Is Terrified the Clinton Campaign “Is in Freefall”
  by Yves Smith 6:08 am

• Andrew Bacevich: The US in the Middle East – “There Is No Strategy”
  by Yves Smith 2:52 am