Links

Top Incomes and the Great Recession: Recent Evolutions and Policy Implications – Thomas Piketty, Paris School of Economics & Emmanuel Saez, University of California, Berkeley

The Setting Sun – Japan’s Forgotten Debt Problems – From Economonitor

Fiduciary Duty to Cheat? Jim Chanos Reveals the Perverse New Mindset of Financial Fraudsters (by Lynn Parramore) – Naked Capitalism

“What we find is that the greatest clustering of fraud in the financial markets occurs, as you might imagine, during and immediately after the biggest bull markets. As I like to tell my students, it’s basically a period in which people suspend their disbelief. Everybody’s getting rich and it becomes increasingly easy to sell more questionable schemes and investments to investors.”

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