It Takes a Theory to Beat a Theory: The Adaptive Markets Hypothesis
Economist Andrew Lo presents his alternative to the Efficient Markets Hypothesis: the Adaptive Markets Hypothesis.
Read more...Author Archives: Yves Smith
Wolf Richter: Cryptocurrencies Collapsed
Why “collapsed” is not too strong a word to describe the recent price action for currency wannabes.
Read more...Single Market Maze Contains Clues to Complex Brexit Puzzle
Brexit boosters have sidestepped the issue of reconstituting trading arrangements, a major lapse.
Read more...Bill Black: The CFPB Arbitration Rule is Pro (Honest) Businesses
The CFPB takes a modest but important step to rein in fraud against consumers, which has banks hoppin’ mad.
Read more...Links 7/11/17
Lee Camp: Enjoy the Trump Show While Wall Street Pillages the Country
Trump’s Wall Street allies are pleased that the press isn’t paying much attention to market froth and rising debt as he pushes deregulation.
Read more...More Brexit Backpedaling, UK May Relent on ECJ Red Line for “Transition Period”
Yet more Brexit bad news just before Theresa May is set to present her Great Repeal Bill.
Read more...Ben Bernanke, in Denial? “When Growth is Not Enough”
Bernanke is selling the idea that things aren’t that bad….which is true if you are in the top 20%, which he also kinda acknowledges…
Read more...Bumbling Kentucky Retirement Systems Threatens Naked Capitalism With Half-Cocked Nastygram That Will Only Alienate Private Equity Fund Managers
Kentucky Retirement Systems huffs and puffs at Naked Capitalism.
Read more...Reminder Re Los Angeles Meetup This Saturday, July 15; Announcing San Francisco Meetup for Tuesday, July 18
Come and meet cool and colorful people! Members of the NC community have reported that they enjoy getting to know other readers, as well as having lively conversations. For Los Angeles, it seems no meetup time or place is optimal, given the spread of the city and its traffic, so I hope this compromise works […]
Read more...Aiding and Abetting Trump as Tweeter-in-Chief
The media fixation with Trump’s tweets is leading them to shirk real reporting on what Trump is up to.
Read more...Links 7/8/17
Why You Should Never Use a Supply and Demand Diagram for Labor Markets
Showing how using default models for labor markets is a dumb idea.
Read more...18 States Sue Betsy DeVos to Reinstate Rules Protecting Students from Predatory Private Colleges
More pushback against Betty DeVos’ support for educational profiteering.
Read more...Some Remarks on MMT & Marxism in Light of David Harvey’s “Marx, Capital, and the Madness of Economic Reason”
How Marxists can make use of the MMT framework rather than falling for neoliberal dogma about money and debt.
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