[Freudian] Former US Treasury Secretary Henry Paulson cannot stop laughing about inequality: “We Made It Wider!”

At a conference hosted in April 2015 by the real wolf of Wall Street Mike Milken (sentenced to ten years in prison for racketeering and securities fraud in 1989, fined $600 million, permanently barred from the securities industry), questioned by Sheryl Sandberg and former US Treasury Secretary Robert Rubin (former co chairman of Goldman Sachs who… Continue reading

[Greek Tragedy] Former finance minister Yanis Varoufakis comes back on Greece’s economic crisis

The Australian Magazine The Monthly published in its August 2015 issue an excellent interview of former finance minister Yanis Varoufakis. With the benefit of hindsight, he comes back on the circumstances of the crisis that took place in June-July, the cynicism of the Troika, the various views within Syriza. Here is the text in full, as well… Continue reading

“Why falling food prices mean the US Fed won’t probably raise rates (yet)?”: analysing the pros and cons

In anticipation of this coming week’s US Fed meeting to decide on short-term interest rates, some analysts have been discussing an interesting link between food prices and the US Fed rates. Here is how it goes…
As the latest figures from the UN Food and Agriculture Organisation indicate, with a 5.2% drop, global food prices have fallen at… Continue reading

The tea leaves are unequivocal: the latest French nuclear EPR technology has finally reached maturity

[eng – fr]
A reader wrote to blaqswans.org, and we found it interesting to publish that text to contribute to the debate on nuclear, which is too often Manichean.

Raymondo – 9 septembre 2015 – Paris

What is the EPR nuclear technology? 
From https://en.wikipedia.org/wiki/EPR_(nuclear_reactor)#Flamanville_3_.28EDF.27s_first_plant.29
The EPR is a third generation pressurized water reactor (PWR) design. It has been designed and… Continue reading

La guilde des MNS est-elle plus philobate qu’ocnophile ? Analyse administrative.

Jean-Paul Sartre s’est trompé.
Les réactions que j’ai reçues des personnes ayant lu mon dernier article (qui d’ailleurs était le premier publié sur blaqswans) allaient peu ou prou toutes dans le même sens. On voulait absolument savoir où je voulais en venir. Quelque chose échappait, j’en avais trop dit ou pas assez. Il me paraissait pourtant… Continue reading

[Not really a Black Swan any more, but a butterfly effect scenario] Greece is a thriller, but China is a horror show

A good column by Australian economics journalist Alan Kohler on what is looking less and less like a Black Swan (as everyone sees it coming), and more and more as butterfly effect that is threatening the global economy.
All eyes are on Greece with the EU freezing cash supply in retribution against Prime Minister Alexis Tsipras… Continue reading

Ontologie du lama

[Eng – Fr]
Blogger Midship is joining the Blaq Swans with a tremendous first gonzo post on the Llama (yes, the animal). It is such a gem of French style and puns that translating it would not do it justice. So this is an invitation to practice your French and enjoy the original version here!

With Piketty, Capital will be just fine in the 21st century

[Eng – Fr]
Marxist French economist Frédéric Lordon who clearly rejects mainstream neoclassical economics positions, but also challenges the Left has written a pugnacious and thoughtful critique of PIKETTY’s book “Capital in the 21st Century”. Whilst the Blaq Swans are busy translating this essay in English, you can practice your French and enjoy the original version here