Yanis Varoufakis: Schäuble Leaves but Schäuble-ism Lives On
Wolfgang Schäuble’s legacy as German finance minister lives on, and not in a good way.
Read more...Author Archives: Yves Smith
Silicon Valley Rejects Shareholder Value Theory: Disrupting the IPO
Silicon Valley has an alternative to the IPO…with a 20% haircut compared to Wall Street’s 7%. Should you hang on to your wallet?
Read more...Wall Street Got a Bailout, Why Not Puerto Rico?
How Puerto Rico has gone from an economic disaster area to a humanitarian crisis in the making.
Read more...Prosecution Futures? Multibillion Dollar Orders in Coinbase Trading Platform
Some mighty strange, and mighty big, orders in a Coinbase trading platform order book…..
Read more...Wall Street and City of London Getting Nervous About Catalonia
Yves here. Neither side appears willing to back down in the battle of wills over the Catalonia independence vote set for this Sunday, October 1. The English language press has described how the Spanish government has declared the election to be illegal and Mariano Rajoy’s government has moved to try to shut it down, for […]
Read more...Links 9/27/17
Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.
Read more...The Climate Change Land Rush: When Will People Start Leaving Coastal Cities?
Most of the world’s biggest cities are coastal cities. What happens when people start realizing they are threatened?
Read more...Amazon’s Inhuman Customer Service Issues Death Sentence to Local Library Fundraising
Amazon is mean.
Read more...The Fed’s Unwinding
Economists debate the Fed’s plan to shrink its balance sheet.
Read more...EU Immigration – A Gateway Drug
Citizens have become far more sensitive to the perceived and real costs of immigration. Ignore those concerns and risk losing power.
Read more...Gentrification
Gentrification is less of an accident than you might have been led to believe.
Read more...CalPERS Board Candidate Margaret Brown Objects to Unconstitutional, Non-Secret, Insecure, Unauditable Election; Vendor Handling Phone and Internet Voting Criticized for Incompetence, Exaggerating Security of On-Line Voting
CalPERS’ election procedures would embarrass any self-respecting banana republic.
Read more...Ta-Nehisi Coates and the Limited Art of Interpretation
Why is the brilliant Ta-Nehisi Coates not as persuasive as you’d expect?
Read more...Insanely Concentrated Wealth Is Strangling Our Prosperity
Why tackling extreme concentration of wealth would be good for everyone….except those who would inherit from dynasties.
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