Polar Ice Is Lost at Sea
An update on polar ice loss and its implications.
Read more...Author Archives: Yves Smith
Can Uber Ever Deliver? Part Thirteen: Even After 4Q Cost Cuts, Uber Lost $4.5 Billion in 2017
How the business press got the story on Uber’s latest financial report wrong.
Read more...News Watch: A Reading on Collective Angst
Are we wrong in seeing the news being a bit quieter than usual as not a good sign?
Read more...How Falling Down Can Lead to Waking Up: Learning from Loss and Pain
Falling is often a life-changer; observations from someone who is adjusting.
Read more...Links 2/15/18
Wells Fargo Screws Customers Yet Again, Now Failing to Make Right on Abuses; Elizabeth Warren Demands Answers
Wells Fargo is still up to no good…
Read more...Monopoly Now Wants You to Cheat—Just Like Real Capitalists
Bad monopoly behavior, both in the classic game and in real life, are ever more in vogue. But a backlash has begun.
Read more...A Transatlantic, Transpacific or Eurasian Global Economy?
Which nexus – Transatlantic, Transpacific or Eurasian– is likely to dominate global trade?
Read more...Wolf Richter: Big Reset Looms for Corporate Credit Market
Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?
Read more...Links 2/14/18
Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.
A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.
Read more...Private Equity Firms Turn Up Noses at Trump’s Infrastructure Headfake
A perverse bit of good news: PE firms don’t like Trump’s infrastructure scheme.
Read more...Government Shutdown Once Again Shows the Lies Behind Deficit Hysteria
How the wealthy use deficit scaremongering to keep wages down and stave off calls for more investment and social spending.
Read more...Links 2/13/18
An Aetna “Fake Accounts” Level Scandal? Medical Director Admits He Never Reviewed Medical Records Before Denying Care
An Aetna medical director said he didn’t review any cases, a bombshell admission even for one doctor, and damning if a normal practice.
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