Author Archives: Yves Smith
Distributional and Macroeconomic Effects of Trump 2.0: The Rich Get Richer and the Poor Get Poorer
The likely outcome of Trump policies are a recession, a rise in inequality, and a further fall in living standards of working and middle-class Americans
Read more...At Social Security, These Are the Days of the Living Dead
More proof at Social Security of the damage done by letting DOGE run wild.
Read more...Trump’s Neverending Tariffs War? Proposes 100% Tariffs on Foreign Movies; De Minimus Exclusion Ends, Hurting the Poor; Financial Times on Tariff Evasion, Official and Via Trans-Shipment
A battlefield update on Trump’s tariff wars.
Read more...Responsibility to Protect and Humanitarian Military Intervention
Humanitarian military intervention sounds like an oxymoron and often winds up being one. Nevertheless, there are rules of engagement.
Read more...Links 5/3/2025
The Ripple Effects of Shrinking U.S. Science
Severe cuts in science research funding will cause a complex cascade of effects across the United States and the world.
Read more...Three Mind-Blowing Indie Film Festivals That Show Actual Good Movies
For reader delectation, some promising indie film venues.
Read more...Complacency, Denialism and the Risk of an Economic Trumpocalypse
Why the downside to Trump economic policies are far greater than the press and pundit class are willing to acknowledge.
Read more...What Are the Health Impacts of Plastic?
Scientists are investigating how plastic additives and microplastics affect our bodies, and are worried about what they’ve learned so far
Read more...Federal Cuts Gut Food Banks as They Face Record Demand
An update on the worsening shortfalls at food banks as the impact of Federal cuts takes hold.
Read more...US-Ukraine Minerals Deal: Has Trump Agreed to Continue Military Support? Even if Not, Will He Fall for an Endowment Effect Trap?
Will the Ukraine minerals deal become a tar baby for Trump?
Read more...Satyajit Das: The Unravelling – Part 2: Contagion & Containment
Mapping the contagion fever chart of how a Trump financial meltdown might unfold.
Read more...The Legal Limits of Trump’s Crackdown on Sanctuary Cities Like Philadelphia
Trump is escalating his campaign against sanctuary cities, and potentially even sanctuary churches. How might that play out?
Read more...Global South and Multilateral Financial Institutions: Where Does BRICS Stand?
Why BRICS has gotten barely anywhere on launching its own finanicial institutions and why that is unlikely to change soon if ever.
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