Now Luxembourg, Switzerland Are Working to Bolster Tax Haven USA
How tax havens cooperate with each other to preserve their perks.
Read more...Author Archives: Yves Smith
Links 6/14/16
The Happiness Industry: How Corporations Want to Manage Your Mind
Rather than suggesting that consuming the right goods will make you happy, companies now want to create it more directly.
Read more...Location, Location, Location: The Persistence of Fortune
Yves here. This intriguing paper curiously fails to consider how climate change can (will) affect the patterns they describe. And it also fails to give clues as to why some cities keep gaining population and income and others fall by the wayside. For instance, Atlanta and Birmingham, Alabama were of comparable size in the 1970s, […]
Read more...Global Money: A Work in Progress
Bagehot outlined some of the requirements for global money. Are we closer to a solution?
Read more...More Collateral Damage From Negative Interest Rates (Updated and Corrected)
Spain demonstrates some of the costs and dislocations created by negative interest rate policies.
Read more...Why a Leave Vote May Not Result in a Brexit
The ruling classes in the UK will be highly motivated to try to get the Brexit genie back in the bottle.
Read more...Mortgage Document Fabrication is Alive and Well…
Sadly, mortgage servicers are still very much in the document fabrication and forgery business.
Read more...Star Wars: The Fed Awakens
A short take on the Fed’s recent antics.
Read more...Links 6/11/16
Bond Market Flight to Safety as Investors Sweat Over Brexit Risk, Wobbly US Economy, Negative Rates
Investors got a big dose of bad news about the economy and geopolitics and reacted accordingly.
Read more...The Clinton Campaign Continues to Help Trump Ensure That Policy Won’t Matter in This Election
Is the Clinton campaign playing straight into Trump’s lead?
Read more...Apologies for Site Outages – We Were Under a DDoS Attack
We were the target of a DDoS attack on Thursday and Friday.
Read more...Want to Kill Your Economy? Have MBA Programs Churn Out Takers Not Makers.
How MBAs have become negative value added to everyone but themselves.
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