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362802 reads

Naked Capitalism

Musical Interlude (“On the Path of Decent Groove”): Belshazzar’s Feast
2:00PM Water Cooler 5/14/2021

Calculated Risk

Fannie and Freddie: REO inventory declined in Q1, Down 58% Year-over-year
May 14th COVID-19 New Cases, Hospitalizations; 7-Day Average Cases Lowest Since June 25, 2020

Eyes on Trade

Victory: Pres. Biden and USTR Tai Announce that U.S. Will Support Emergency COVID-19 WTO Waiver of Big Pharma Monopolies to Boost Vaccine Access

Trade Reform

Senate Homeland Security Committee Takes On China With 3 New “Buy American” Bills
In Senate Hearing, Wyden Says U.S. “Laser-Focused” On Out-Competing China

Zero Hedge

Vaccine Virtue Signaling And The Cult Of Woke
Trudeau Begins Planning To Reopen US-Canada Border After More Than A Year

EPI

Illinois extended unemployment benefits to school workers in the summer, and Minnesota should follow suit
Restaurant labor shortages show little sign of going economywide: Policymakers must not rein in stimulus or unemployment benefits

The Big Picture

Succinct Summation of Week’s Events for 5.14.21
10 Friday AM Reads

Angry Bear

Record High Trade Deficit
“Ambivalence” has dropped!

Financial Armageddon

Peter Schiff: Printing Money Is Not the Cure for Cononavirus
Dump the Dollar before Bank Runs start in America -- Economic Collapse 2020

iMFdirect

How Strengthening Standards for Data and Disclosure Can Make for a Greener Future
The Policymaker’s Trilemma

CBO

H.R. 1257, Homeless Veterans Credit Repair, Enhancement, and Debt Improvement for Tomorrow Act
H.R. 711, West Los Angeles VA Campus Improvement Act of 2021

GAO

Fair Lending: CFPB Needs to Assess the Impact of Recent Changes to Its Fair Lending Activities
Superfund: EPA Should Take Additional Actions to Manage Risks from Climate Change Effects

Wall Street On Parade

Morgan Stanley Has Paid Fines for Two Decades for Abusing Customers with In-House Products, Now It Plans to Stuff Bitcoin Futures into Its Mutual Funds and Retiree Annuities
Elon Musk Abruptly Stops Accepting Bitcoin to Pay for Tesla Cars. Did He Learn that Bitcoin Uses More Electricity Per Year than Sweden or Malaysia?

Instapopulist

The Constitution Party’s Donald Trump Dilemma Version 2020
Perhaps Globalists Shouldn’t be Questioning Other People’s Patriotism

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Simon Johnson points to amendment to break up the "Too Big to Fail" Financial Institutions
Let's hold the champagne and party favors!
Obama Proposes "Volcker Rule"!
U.K. to break up big banks
How much do "Too Big to Fail" Banks cost us? Try $34 billion a year

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New Budget Deal Cuts Social Security, But How? - 100093 reads

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It's No ******* Wonder that State Governments Can't Pay Their Bills - 61370 reads

VAT or Value Added Tax is Getting a Look in D.C. - 263447 reads

Why the economy isn't recovering - 61580 reads

Sunday Morning Comics - Quantitative Easin' Edition - 26634 reads

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Who Let the Dogs Out - Will The Senate Man Up on China's Currency Manipulation? - 36043 reads

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The war on the middle class - 233544 reads

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