Good Riddance: CalPERS’ Atrocious General Counsel Matt Jacobs to Retire
A partial catalogue of the horrowshow of Matt Jacob’s tenure as CalPERS general counsel.
Read more...Category Archives: Investment management
Insurers Dump Catastrophe Risk of Climate Change and Earthquake to Chump Bond Investors. What Could Go Wrong?
Garden variety investors, including retail, are signing up to insure climate change and other disaster risk via catastrophe bonds.
Read more...Michael Hudson: The Collapse of America’s Economic Empire
Michael Hudson, expanding on his seminal work Super Imperialism, chroniciles the rise and in-process decline of US financial hegemony.
Read more...CalPERS Retiree Group Launches GoFundMe for Investigation on Private Equity Fees
CalPERS retirees are raising funds to have a big go at private equity fee secrecy. Please chip in if you are a California taxpayer!
Read more...New SEC Chief on Board with Letting Retail Chumps Invest in Private Equity Even as Pros Like Kuwait Sovereign Wealth Fund Sound Red Alert
The SEC, in its munificence, is planning to allow more retail investors to be fleeced by private equity.
Read more...When Illusions of Wealth Shape the Economy: Understanding Pseudo-Wealth, Macroeconomic Volatility, and Social Welfare
Why pseudo-wealth like crypto is detrimental to social welfare, as in the collective good.
Read more...Billionaire Blasts Private Equity’s Continued Grifting as Performance Falls Further
The once-above-criticism private equity industry is on the receiving end of long-overdue takedowns, some of them pointed.
Read more...US-Ukraine Minerals Deal: Has Trump Agreed to Continue Military Support? Even if Not, Will He Fall for an Endowment Effect Trap?
Will the Ukraine minerals deal become a tar baby for Trump?
Read more...How the American Economy Is Rigged to Serve the Rich, and Why Tariffs Won’t Change That
The money to support well-paid American jobs exists—it’s just being hoarded by the rich.
Read more...Private Equity Shares Tank Based on Trump Tariffs; Private Equity and Credit Crises Coming?
How the Trump tariffs will whack private equity, and even more so, investors like CalPERS and other public pension funds.
Read more...What Will Tech Moguls Do With Their Wealth?
Tech billionaires are embedding themselves in U.S. economic systems while experimenting with new ways to manage their fortunes
Read more...As US Markets Look a Bit Wobbly, the Press Looks for the Next Crisis in the Rear View Mirror
The Wall Street Journal worried about the giddy mood at the annual structured industry conference. But is where to look for the next crisis?
Read more...DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-Five: What Drove Uber’s Recent $8 Billion P&L Improvement?
How did Uber achieved a $8 billion P&L improvement after losing $33 billion in its first 13 years? Misleading accounting plays a big role.
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