Category Archives: Dubious statistics

Tom Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust

Tom Ferguson and Paul Jay discuss how Democrats and Republicans distaste for accountability by finance and big corporations is playing out in the coronacrisis

Don’t Do It Again! The Swedish Experience With Negative Central Bank Rates in 2015-2019

Why negative interest rates were a bust.

The False Dawn of Ending Coronavirus Lockdowns

It would be nice if relaxing the lockdowns would solve a problem, any problem….

Universa Debunks CalPERS’ Defense of $1 Billion Tail Hedge Miss; Insider Accounts Expose Additional Misrepresentations

CalPERS efforts to ‘splain away its $1 billion tail hedge fiasco backfire as one of the tail risk managers, Universa, shreds CalPERS’ claims.

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

Keeping tabs on Fed munificence.

More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?

Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.

Consumer Beware: Coronavirus Antibody Tests Are Still A Work In Progress

How hopes for coronavirus tests are ahead of the state of play.

CalPERS Out of Control: Stunningly High Number of Personal Trading Violations, Yet Board Ignored the Misconduct

CalPERS yet again manages to exceed expectations in a bad way.

Is There Deflation or Inflation in Our Future?

We don’t have a recovery in sight, but some economists are already worried about inflation.

Inequality and the Coronavirus: Destroying American Society From the Top Down

Coronavirus is exposing the severity of inequality in the US, particulary limited access to health care and the health costs of poverty.

Replacing Workers Has Many Costs

Companies remains short-sighted about the cost of ditching workers.

Press Ferrets Out More Falsehoods by CalPERS CIO Ben Meng, Evidence of Poor Leadership, in Giving Up >$1 Billion Hedge Payday

CalPERS’ embattled CIO Ben Meng digs his $1 billion hole deeper with not-credible defenses. Tell the board not to cede more authority to him.

Taleb Questions CalPERS Ben Meng’s Competence and Honesty in Defending Missed $1 Billion Hedge Gain; Taleb Estimates CalPERS Net Loss on Meng’s “Alternative Mitigation” Over Two Years at $19 Billion

Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.

Lockdown Rebelliousness: Denying that Coronavirus Is in Charge

The supposed irresistable force of the economy is losing out to the immovable object of the coronavirus.