Author Archives: Yves Smith

Links 7/30/2025

CEOs Celebrate Even Bigger Wins in Class Warfare via Cutting Employment

CEOs are not just looting their companies but now the broader economy with the intensity of their headcount cutting.

The Post-Pandemic Disinflation: Low Sacrifice, High Prices

Central banks in advanced nations really do believe they did a masterful job of managing the post-Covid inflation. This article explains why

Hubert Horan: Can Airlines Get Passengers to Accept AI-Driven Personalized/Surveillance Pricing?

Delta has fevered dreams of AI-engineered individual pricing to boost revenues. But would this work in practice?

Links 7/29/2025

Iran Refuses to Blink as Europe Eyes Snapback Sanctions

urope is allegedly threatening to launch the JCPOA snapback, which would re-institute tougher sanctions on Iran. But is this threat real?

The EU-US Trade Deal: Von der Leyen Just Subordinated the EU as the US’ Largest-Ever Vassal State

The EU submits to Trump on trade and accepts further insult via required US investment and energy purchases

Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land

Despite the Fed depicting its current rate policy as restrictive, manic pricing in many financial markets says otherwise.

As White House Touts ‘Economic Boom,’ Americans Say They’re Barely Scraping By

Despite Trump’s economic claims, with rising tariffs, just 30% of Americans say they can meet their costs per a poll from Data for Progress.

Michael Hudson: Church and Finance – From the Crusades to World War I

Michael Hudson extends his historical review from debt in antiquity the role of the Catholic Church in the rise of banking and war finance.

Will Voters Turn to Corbyn and Socialism over Starmer’s Big Finance Love-In?

A discussion of whether voters would back Corbyn-style socialism, particularly given Starmer’s ever-rightwards shift.