Why Fossil Fuel Companies Can’t Leave Resources Stranded
A discussion of how fossil fuel companies’ imperatives and our legal regime preclude getting them to leave oil and gas in the ground.
Read more...Category Archives: Investment management
Action Delayed, Justice Denied by Voluntary ESG Approach
A useful debunking of the consultant-enriching, board-distracting, and potentially regulatory-underming con known as ESG investing.
Read more...Beware Climate Finance Charade
Finance has increased, not reduced, greenhouse gas emissions. Yet the industry is bizarrely touted as part of the solution.
Read more...Deceit Pays Dividends: How CEO Lies Can Boost Stock Ratings and Fool Even Respected Financial Analysts
Reaching not-necessarily-sound conclusions from turning a supposed lie-detecting AI on CEO earnings calls and analyst ratings.
Read more...The Coming Ukraine Collapse and the “Rebuilding” Headfake
The hyping of Ukraine rebuilding is at least as delusional as the earlier war talk.
Read more...Bloomberg Details How Unqualified CalPERS Chief Investment Officer Nicole Musicco Floundered Before Sudden Exit; Sports Focus Raises Specter of Possible Conflicts of Interest
More on the implosion of former CalPERS Chief Investment Officer Nicole Musicco.
Read more...CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability
CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?
Read more...The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility
Stock buybacks, aka corporate financialization, as a mode of predatory value extraction
Read more...A Russian Paper on New Currency/International Reserve Options Finds No Magic Bullets
A recent paper in a Russian economics journal confirms that there is no simple way out of the dollar hegemony box.
Read more...“Venture Capital Funds Are Mostly Just Wasting Their Time and Your Money”
Yet more evidence that venture capital is good for the fund managers, not so much for anyone else.
Read more...Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich
In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber
Hubert Horan takes another hard look at Uber financials and finds much not to like.
Read more...Wolf Richter: End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff
Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.
Read more...Central Banks, Green Finance, and the Climate Crisis
The tough policy choices ahead for confronting the climate crisis.
Read more...CalPERS Refuses to Spend $1 Million, or $1.30 Each, to Prevent Sale of Personal Data of 770,000 Beneficiaries on Dark Web
How CalPERS is inexcusably throwing nearly 800,000 beneficiaies under the bus in a massive data heist.
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