Author Archives: Yves Smith

Steve Keen Warns Crash of 2026 Will Be Worse Than 2008

Steve Keen was one of the few economists to predict the 2008 crisis. His call for a 2026 crash looks all too credible.

President Putin and Prime Minister Modi Share a Future Strategy That’s No Joke for President Trump

Even with the Putin-Modi lovefest and shared strategic aims, meeting their trade targets will be a heavy lift.

What’s the Likelihood of a NATO-Russian Non-Aggression Pact?

How Poland will play an essential role in what happens next between with NATO and Russia.

Revulsion, La Grande Bouffe, and the Spectacle of Grotesque Elite Self and System Destruction

Why our elites, starting with the top ranks in the Trump Administration, are disgusting.

Links 12/6/2025

Book Review: Harnessing the Power of Dreams and Nightmares

In “Nightmare Obscura,” scientist Michelle Carr argues that our dreams are essential pillars of who we are.

Brexit’s Slow‑Burn Hit to the UK Economy

A new analysis finds that Brexit imposed higher costs on the UK than forecasts at the time projected.

The Point of No Return for the Warm Water Atlantic Current Is Coming Up Fast

Just the way objects in your rear view mirror are closer than you think, so too are tipping points like the slowdown of the Gulf Stream.

Under Kennedy, America’s Health Department Is in the Business of Promoting Kennedy

More detail on Health and Human Services chief serving his own financial interests and pet causes as opposed to those of the public.

The Anti-MAGA Economics of the Second Trump Administration

How Trump has defaulted on his MAGA promises.

Blockbuster San Francisco Lawsuit Targets Food Industry Giants Over Ultraprocessed Foods, with Extensive Documentation of Health Damage and Success in Producing Addiction

A case by the San Francisco attorney documents Big Food’s use of ultraprocessed food to create addicts in a repeat of the tobacco playbook.

Report Shows How Recycling Is Largely a ‘Toxic Lie’ Pushed by Plastics Industry

More confirmation that recycling is no solution to relentlessly rising plastics use and health damage.

How Wage Increases Became the Fed’s Red Line

How the Fed’s use of wages as a key inflation measure started as a war on labor and continues to operate that way.