What’s Crypto Good For? Corruption, Exploitation, and Billions for Insiders
As with the subprime lending crisis, crypto appears to be more of an example of predatory inclusion than enhancing financial access.
D&S BLOG
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Administrative Note
There may not be much blogging this weekend, as I'm taking the weekend off. A pleasant weekend to
Great Stuff in Today's FT
First, Gillian Tett's appreciation of the contorted dialectics of finance (she quotes Bourdieu!). Spencer Jakab on a shift
T.D.C.o.t.E: Rajan's Ineffective Demand
The Dull Compulsion of the Economic (xv) A series of blog postings by D&S collective member Larry Peterson
Today's Indicators
U.S. July existing home sales pace fastest in two years. But, as this Bloomberg article says, "The number
Economists' Poll: US 3Q GDP To Rise 2.4%
That's a big number, and these people are also predicting a 2.2% uptick in the fourth-quarter. It&
Uptick in Corporate Defaults: A "Virtuous Circle?"
From theFT (subscriber only access to the whole piece, alas), courtesy of, and with comments by, MonkeyBusiness: The number of
John Lewis: Worker Management That Works?
From today's Independent: Streets ahead: Does John Lewis offer a revolutionary way forward for big business? John Lewis
Today's Indicators
Most are covered in this NYT piece. It mentions a surprise jump in first-time unemployment claims and a strong bounceback
Today's Inevitable Healthcare Items
It's getting a bit much, granted.... Here's a piece from the WSJ on the latest tack
The Death Panel Mentality
Two interesting discussions, by Asia Times columnist Julian Delasantellis and The Independent's Johann Hari.
Labor Dept To Begin Enforcing Own Regs?
After nearly three decades of complete non-enforcement? From today's Wall Street Journal: AUGUST 19, 2009 Labor Department to
Today's Indicator Action
US Office Prices Jump for first time since 2007 (seems strange given the dire situation in the commercial propert market,