New Potential Credit Risk Bombs: Exotic, ‘Nonlinear’ and Private Transactions
Beware of old CDO risk re-imaged as “nonlinear finance”.
Read more...Author Archives: Yves Smith
Nomi Prins: Steven Mnuchin, Foreclosure King of America
A summary of the many reasons to view Treasury Secretary Steve Mnuchin with contempt.
Read more...Damsel in Distress re Atlanta Meetup on Wed November 15! Need Help With Venue
Need reader input re Atlanta meetup venue ASAP!
Read more...The Real Economic Consequences of Martin Luther
How an article by Cantoni, Dittmar, and Noam Yuchtman force fits the Reformation’s economic changes into a neoclassical frame.
Read more...Links 11/7/17
Extreme Poverty Cut in Half? Only in the Minds of the Capitalists
The much-touted fall in extreme poverty is more the result of bad or cherry-picked metrics than real progress.
Read more...CalPERS’ Three Card Monte: Makes Unheard of Benchmark Change to Hide Expected Poor Private Equity Performance to Help Staff at Expense of Beneficiaries, California Taxpayers
Yet again, CalPERS is trying to use optics and dodgy reporting to cover up for real problems.
Read more...Fragmented Health System Paves Way for CVS-Aetna Merger
UserFriendly recommended this Real News Network report, in which Bill Black gives a high-level view of how structural issues contribute to America’s inflated health care costs. AARON MATÉ: It’s The Real News. I’m Aaron Maté. In what is being called the biggest merger in the history of the health insurance industry, CVS is reportedly making […]
Read more...Why You’ve Never Heard of a Charter as Important as the Magna Carta
How the Charter of the Forest set forth the idea of the commons and managed to survive for over 750 years despite being under attack.
Read more...Links 11/4/17
Congress Works with Big Oil on Letter Suggesting Anti-Pipeline Activists Face Terrorism Charges
The latest chapter in the efforts to treat activists as criminals.
Read more...Skyscrapers and Land Values: Evidence from Chicago on the Costs of Building Tall Cities
Why “building tall” is not an answer to urban housing affordability.
Read more...Naked Capitalism Hit One Million Comments!
We set a new comments milestone!
Read more...The Nation Depicts a Mortgage Vulture Who Foreclosed on Homeowners as an FDR-Like Hero To Demonize Chase When It Was Actually Helping Homeowners
The Nation and author David Dayen lionize a mortgage vulture, telling a story as wrong as it is possible to be in its thesis and details.
Read more...Wolf Richter: Pickup Sales Boom, Cars Get Crushed, Tesla Deliveries Plunge
Car sales hit an air pocket in October.
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