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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On the Public Option and Co-ops
A number of pieces today on the Public Option and Health Co-ops. Though many of those reading this blog have
Monbiot/Kingsnorth on Ecological Collapse
From today's Guardian. Happy reading.... Is there any point in fighting to stave off industrial apocalypse? The collapse
"America's Japanese Banks"
Interesting Reuters post. Nice charts (you need to click on the link to get them) for reference: Rolfe Winkler Option
How Insurers Value End of Public Option
From a posting on Baseline Scenario (from a few weeks ago, reposted by Mark Thoma at Economist's View)
UK CPI Unexpectedly High, Retail Prices Down
From The Guardian Higher-than-expected inflation defies City forecasts CPI unchanged at 1.8%, compared with predictions of 1.5% RPI
US Housing Starts, PPI, Retailer Earnings
From Reuters: U.S. housing starts, producer prices fall in July Tue Aug 18, 2009 9:09am EDT WASHINGTON (Reuters)
Michael Perelman: China v. US Class Warfare
From Unsettling Economics: China vs. the US: Class Warfare Posted August 17, 2009 Filed under: economics | In July, Chinese workers
TALF Extension for Newly-Issued CMBSs
From Reuters: Fed, Treasury extend TALF to mid-2010 for CMBS Mon Aug 17, 2009 11:23am EST By Mark Felsenthal
Chinese Sell-Off Sparks Global Rout
Stocks in China got hammered today, with the Shanghai Composite losing nearly 6%, and the Hang Seng in Hong Kong
This Week's Economic Indicators
The first important reading of the week already came in from the Far East: Japan joined Germany and France in
T.D.C.o.t.E: Persistence of Idiocy in Economics
The Dull Compulsion of the Economic (xiv) A series of blog postings by D&S collective member Larry Peterson
Squeezing Both Ends of the Labor Market
These two recent pieces focus on disturbing developments in labor markets. Ambrose Evans-Prithchard zeroes in on unbelievable global undercapacity rates,