Author Archives: Yves Smith
3 Blokes In The Pub…Talk No Deal Brexit
Nitty gritty details of what happens with a crash-out Brexit, made accessible and even entertaining.
Read more...Do Fair Trade Labels Actually Mean Anything?
How to tell borderline sham fair trade certifications from the real deal.
Read more...Meetup in Minneapolis This Thursday, August 9
The Minneapolis meetup group strikes again! Hope you can join the fun!
Read more...Inequality and Ordinary Living Standards in Rich Countries
How the evolution of the rise in inequality in the US has dominated and distorted economists’ and pundits’ commentary; data show that some pet generalizations don’t hold up.
Read more...Financial Times Goes Wobbly on Brexit; Runs Front Page Stories Claiming Theresa May Charm Offensive Is Winning “Fudges” When No Such Thing Is Happening
The Financial Times has used two lead stories this week to deliver factuall-challenged propagandizing for the Government’s Brexit maneuvers.
Read more...Wolf Richter: Tesla Discloses Worst Quarterly Loss Ever, But Where Are the 17,000 Model 3 Cars it “Produced” But Didn’t “Deliver”?
So far, the SEC and investors are ignoring Tesla’s sus-looking production figures.
Read more...Austerity Caused Brexit
Yves here. Lambert sent me a copy of the underlying paper on Brexit voting patterns a week ago, suggesting I write it up. I sat on it due to focusing on seemingly more pressing stories, plus being behind on administrativa due to travel. I’ve embedded the article at the end of this post. This finding […]
Read more...Gaius Publius: There Will Be No Chinese Century
Why on current trajectories, China (and the US) are toast.
Read more...The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response
Michael Hudson explains how we’re still in the crisis that started in 2007-2008.
Read more...The Explicable Mystery of the National Debt
Why US Treasury bond issuance and Federal deficits are functionally not debt at all.
Read more...Los Angeles Times Slams CalPERS for Vetting Failures That Led to Exit of CFO Asubonten for Resume Misrepresentations, Doubts Whether CEO Marcie Frost Has Made Needed Changes
Mike Hiltzik of the Los Angeles Times weighs in on the fiasco of CalPERS’ hiring of Charles Asubonten.
Read more...What Hope for the Millennial Generation in Politics?
How do millennial voters differ from those of other age cohorts?
Read more...Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.
Read more...Misperceptions About Immigration and Support for Redistribution
A large scale survey in six countries found that respondents typically had inaccurate ideas about the level of immigration, but thinking about migrants made them less supportive of redistribution policies.
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