Author Archives: Yves Smith
More Proof of CalSTRS’ Misrepresentations and Foot-Dragging in the Private Equity Carry Fee Scandal
The second biggest public pension fund in California, CalSTRS, again demonstrates it valued maintaining friction-free relationships with private equity firms over protecting its beneficiaries.
Read more...Energy Wars of Attrition
What looked like a masterstroke by the Saudis has turned out to be the energy industry version of trench warfare.
Read more...Gerald Friedman Responds to the Romers on the Sanders Plan: Different Models, Different Politics
Gerald Friedman explains that the difference between his results and that of the Romers on the Sanders plan is the result of using different models.
Read more...Bill Black: The Whistleblowers’ Third Lemon Award is to Fannie and FHFA
Fannie and the FHFA are fighting whistleblowers, even though Fannie is in conservatorship and cleaning up Fannie is in the public’s interest.
Read more...Links 3/7/16
Britain’s EU Referendum – Lessons in Successful Trench Warfare
How did what started out as a niche, narrow and oft derided political question like EU membership come to dominate a country’s policy making?
Read more...Why the Oregon Refuge Occupiers Had a Legitimate Grievance…..Just Not the One They Went After
Small ranchers are being squeezed and the Oregon refuge occupiers had real grievances, but the wrong target.
Read more...Ilargi: China – A 5-Year Plan And 50 Million Jobs Lost
Why China will be unable to escape the loss of millions of jobs.
Read more...Galbraith: Attack on Sanders’ Economic Plan By Former Chairs of the Council of Economic Advisors Irresponsible
Jamie Galbraith discusses in some detail why Gerald Friedman, a Clinton supporter who gave a favorable review of Sanders’ economic plan, is owed an apology by his detractors.
Read more...Forecasting Elections
How have prediction markets done versus the pundits in forecasting the 2016 elections so far?
Read more...Links 3/5/16
Wolf Richter: Bavarian Banks Hoard Cash in Revolt Against ECB Negative Interest Rates
Little Bavarian banks take a bit shot at the ECB.
Read more...China Continues to Focus on Growth, Not Reform
Growth remains a top priority in China, but how will the central government achieve it?
Read more...Clinton Will Build Her Biggest Lead on March 15. Sanders Will Erode It After That.
The trajectory of the upcoming primaries for Sanders and Clinton.
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