Gauis Publius: Three Data Points Regarding Clinton’s Email Server and the Law
Clearing up some of the confusion about the Clinton’s exposure in her e-mail server investigations.
Read more...Author Archives: Yves Smith
Investment Case Study: Some Oxford Dons Take Skeptical Look at Yale and Canadian Investment Fads, Um, Models
Believe it or not, a case study on major approaches to investing that is both informative and fun to read.
Read more...Michael Pettis: China – How Much Investment is Optimal?
If China’s very low level of social capital has long ago made its investment strategy obsolete, that suggests that China has overinvested beyond its capacity to utilize these investments economically. Thus there are hidden losses on bank balance sheets created by the failure to write down physical capital to its true value. In this case Chinese growth cannot help but drop significantly as these losses are finally recognized and as investment levels are sharply curtailed.
Read more...Our Politico Story on Why Clinton Does Not Deserve the Sanders Vote
Clinton is not interested in representing Sanders voters. They’ve gotten the memo and are acting accordingly
Read more...Links 6/2/16
Hoisted From Comments: Neoliberalism Tearing Societies Apart
The true destructiveness of neoliberalism is becoming more and more apparent.
Read more...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?
The SEC finally fined a private equity firm for broker-dealer abuses. Is this just a shot across the bow or will bigger firms pony up too?
Read more...EU’s Politically Biased Tax Haven Blacklist Excludes US and Switzerland
Only small fry get whacked for being tax havens. The big boys get their waivers.
Read more...Hoisted from E-Mail: “New York Times Article Promotes Price-Fixing in the Drug Market”
A well-argued reader rant on an article arguing that drug makers need higher prices to preserve their profits.
Read more...Links 6/1/16
Gaius Publius: Bernstein – The White House Is Terrified the Clinton Campaign “Is in Freefall”
The Clinton decay path is accelerating.
Read more...Andrew Bacevich: The US in the Middle East – “There Is No Strategy”
At best, the US is waging a war of attrition in the Middle East. And we ignore the fact that people in that part of the world hold grudges for centuries.
Read more...CalPERS Uses Unqualified “Expert” to Validate Its London-Whale-Style Deficient Risk Management
CalPERS tells its board that the very same lax risk management oversight structure that led to the London Whale fiasco is “best practice” when it clearly isn’t.
Read more...Links 5/31/16
Refinancing is Dead: A Generation of Hard Times Will Continue Until Secular Real Wages Improve
Real gains by average Americans won’t come financing gimmicks but from real growth in wages. And no one in authority seems willing to provide them.
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