From Naked Capitalism: Catch Us on Harry Shearer’s Le Show Today Posted on June 29, 2014 by Yves Smith Harry Shearer and I about private equity and the Wikileaks TISA bombshell starting at 1 PM on Sunday. Stations which stream Le Show all day Sunday are listed at publicradiofan.com. Hope you can tune in!

The Absurd Dr. “Chaps” Gordon Klingenschmitt is the Republican nominee for State Rep in Colorado Springs HD15. What qualifies him as a candidate in the Colorado State House? “‘Chaps’ as they call him, has a long history as a disgraced former Navy Chaplain who brags about having successfully performed an exorcism on a lesbian soldier […]

I finally did a bit of empirical work related to Consumption/Wealth as a leading indicator (see older post). I am reflecting on “consumers – in aggregate – have genuine foresight; this is why consumption-wealth ratios help predict equity returns.” I think I won’t restate exactly whom I am quoting. My thoughts were that the variable […]

I’m delighted to find that someone with the necessary statistical chops has answered a question I’ve been asking for a while: Have any of the 130+ evolution scientists who’ve savaged Wilson and Nowak’s Eusociality paper (and Wilson’s Social Conquest of Earth) gone deep into the maths of their model (laid out in their technical appendix)? I check […]

In a post by Shobhana Chandra and Jeanna Smialek at Bloomberg called Yellen Spending Mix lacks Ingredient of Higher Pay, there is a quote… “It doesn’t “add up,” said Neil Dutta, head of U.S. economics at Renaissance Macro Research in New York. “Consumer confidence is at a cycle high, and consumption is declining. You also […]

  This video of a speech by Ben Bernanke in 2003, is quite interesting. In the speech he laid the groundwork for what would eventually be his policy to combat the Great Recession. He talked about inflation, slack in the economy, price stability and even the possibility of taking the Fed funds rate to the […]

Yves at Naked Capitalism writes “NY Fed’s Bogus Estimate of Return on College and the Neglect of the Intellectual Commons” Yesterday, the New York Fed released a new report by Jaison R. Abel and Richard Dietz, Do the Benefits of College Still Outweigh the Costs? which is getting good coverage in the mainstream media. Its […]

by Sandwichman at Econospeak Supply Creates Its Own Demon: Marc Andreessen and “Textbook Luddism” Marc Andreessen has a column in the Financial Times with the headline, “Robots will not eat the jobs but will unleash our creativity.” Here are the first two paragraphs: A growing number of people seem to fear that robots will eat […]