Yves Smith at Naked Capitalism lists posts and links to documents on private equity agreements well worth taking the time to read through and comment. The list is extensive so best go there. Dean Baker weighs in today as well in the Wall Street pension scam via Truth Out. We anticipate that some of you […]
by Joseph Joyce Protesting Madame Lagarde The protests at Smith College that led to the withdrawal of Christine Lagarde, Managing Director of the International Monetary Fund, as this year’s commencement speaker have been widely denounced as a manifestation of intolerance. They also demonstrate a lack of understanding of the IMF and the many changes […]
by Barclay Rosser (reposted from Econospeak with permission from the author) Fred Hiatt Thinks Obama Not War whooping Enough In today’s Washington Post, editorial page editor, Fred Hiatt, has a column under his own name entitled, “A critique of Obama catches on.” The critique amounts to Obama being “too passive” in foreign policy, with this […]
Greg Sargent gets a great nugget from Democratic pollster Celinda Lake, who “recently conducted a statewide poll in Kentucky for an unnamed client and found that Kynect polls very positively, in contrast to Obamacare, which is underwater.” Kynect is the Kentucky version of the Affordable Care Act exchange. To the extent the polling is correct, […]
That headline makes quite a statement. But it’s true. The stock of so-called “financial capital,” or wealth — all the financial assets out there, which are ultimately claims on real capital — represents only the most tenuous long-term approximation of what our real capital is worth. Certainly true: the stock (total dollar value) of “financial capital” goes up […]
Arthur over at New Arthurian Economics has posted a much-appreciated though decidedly negative reply to my recent post on the nature of money and financial assets. He and I have had very similar thinking over the years (and he has provided me, at least, with some Aha! moments), so I’d much like to convince him to […]
As a naive young noodler on economic topics I always wondered: Why are players in the financial industry — which produces very few real, human, consumable goods and services that people value in their lives — so well-paid? I figured it out pretty quickly: it’s because they are able to control who gets that real […]
This particular post was first picked up at Economist’s View and fits with Sandwichman’s posts on Labor. I have been watching Participation Rate in conjunction with U3 since 2001 along with others such as Laurent Guerby and while the US has decreased in the numbers of people in the Civilian Labor Force, our counterparts in […]
Jen Sorensen