Americans Tolerate Inequality Because They Over-Estimate Their Odds of Coming Out on Top
How Americans’ optimism leads to self-delusion on their odds of success, and therefore to not supporting policies in their real interest.
Read more...Author Archives: Yves Smith
Yoo Hoo, Dallas Meetup Next Tuesday, June 27: Venue Ideas Needed!
Looking for reader recommendations for where to meet next week in Dallas.
Read more...Trump-Style Policies Will Deepen the “American Carnage”
An in-depth look at Trump’s economic plans shows they would enrich the 1% and hurt the “forgotten people” he promised to help.
Read more...Links 6/21/17
John Helmer: Chrystia Freeland’s Family Lie Grows Bigger And Blacker– Michael Chomiak Volunteered For Hitler Before Ukraine Was Invaded and Was Hunted by the Polish Police Until the 1980s
On the subject of her Nazi grandfather, Michael Chomiak, it turns out Chrystia Freeland’s nose is so long that she needs to get a hacksaw.
Read more...Waiting for Godot or Does Anyone Really Know What Is Going on with Eurozone Banks?
An update on the Eurozone banking mess.
Read more...Gaius Publius: Finding the Greater Fool — The Elite Logic Behind “Going Over the Climate Cliff”
How the Secena Effect explains climate change apathy among the elite.
Read more...New York City Mortgage Delinquencies “Elevated”: What’s the Likely Real Cause?
Why high levels of mortgage delinquencies in the New York City area are a symptom of still-unresolved mortgage abuses.
Read more...Links 6/20/17
Brexit and the Future of the Irish Border
Why there is no good solution of the Irish border problem in Brexit, and how the Tories’ new buddies, the DUP, have contradictory goals.
Read more...Why the Wall Street Journal Is Wrong About the US Oil Export Boom
Debunking a Wall Street Journal article on rising oil exports.
Read more...New York Times Sends Cease & Desist Letter Over CalPERS’ Massive Copyright Infringement; Potential Damages Eight Figures for Times and WSJ Each; Theft Extends to Virtually Every News Publication in US
CalPERS, the biggest public pension fund, appears to have perpetrated the largest copyright infringement in the history of the news industry.
Read more...“Heads Should Roll at CalPERS”: Who Should Be Held Accountable for Massive Copyright Infringement?
CalPERS’ copyright theft is so large and indefensible that not only might it force a shakeup, but the truly responsible people could go.
Read more...Links 6/17/17
What the Romans Did for Us: On the Age-Old Art of Propaganda
On propaganda’s ancient roots and how much modern practice resembles the Roman playbook.
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