Author Archives: Yves Smith

Links 6/6/18

More Brexit Insanity: Corbyn Proposes Dead-on-Arrival, Misbranded “Soft” Brexit; Auto Part Makers to Take Huge Hit; Irish Border Groundhog Daze

Brexit madness is only getting worse….

Italy’s New Prime Minister Conte Says Euro Exit Off the Table, But Mr. Market Pouts About Spending Talk

Italy’s new government makes some opening moves.

Tuscon Meetup 2.0 Report

NC regular Arizona Slim recaps the discussion from last week’s Tucson meetup.

More US and China Jousting Over South China Sea

The US-China conflict over the South China Sea keeps getting hotter.

Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”

The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.

Links 6/5/18

Wall Street Journal: Why Bashing Chinese Steel Dumping Results in Bashing Allies

Why combatting Chinese steel dumping is harder than it seems.

Richard Murphy: Why the Swiss Referendum Proposal of Giving the Central Bank Complete Credit Control is Dangerous Folly

Correcting some misunderstanding about proposed monetary reforms that are the subject of a referendum this weekend.

China Rx: How the US Depends on China for Its Drugs

Why does China need a military? It could bring the US to its knees in months by withholding shipments of drugs and drug ingredients.

Trade Wars: How Exposed Are EU States and Industries to the US?

Taking a more granular look at how a trade war with the US might hit the EU.

Links 6/2/18

Golden State Killer Suspect Arrest Opens Floodgates for Law Enforcement Use of DNA Websites

Police are casting their DNA-matching efforts wider via genealogy websites.