Author Archives: Yves Smith
Louis Proyect: Snowden
A review of Oliver Stone’s movie on Edward Snowden.
Read more...Trade Globalisation in the Last Two Centuries
Trade globalization started earlier than most economists realize, undermining conventional stories about how it came about.
Read more...The New Extreme Reality of Floods
Floods are an under-recognized economic and political risk….
Read more...Links 9/16/16
How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...Deutsche Defies DoJ, Says It Won’t Pay Anything Near $14 Billion in Mortgage Settlement
Deutsche has launched a media war against the DoJ.
Read more...Wolf Richter: That 5.2% Jump in Household Income? Nope, People Aren’t Suddenly Getting Big-Fat Paychecks
The much-ballyhood 5.2% gain in household income doesn’t square with other data….and the details aren’t as pretty as the headline either.
Read more...DoJ Asks Deutsche Bank to Pay $14 Billion in Mortgage Settlement
The Obama Administration is trying to wrap up long-overdue mortgage-related cases, with Deutsche and possibly then other foreign banks.
Read more...Report: Why We Need to Tax Corporations Now, More Than Ever
Why the idea that corporations should get favored tax treatment is dubious.
Read more...Links 9/15/16
DoJ Opens Investigation Into Wells Fargo Fake Accounts; Why Top Execs Are Responsible
Sanctimonious Wells Fargo may finally be getting its comeuppance.
Read more...The City Will Decline—and We Will Be the Poorer for It
What might Brexit-induced losses to the City cost the UK economy?
Read more...Satyajit Das: The Business of Politics
Do business leaders make good political leaders?
Read more...US Commercial Real Estate Markets Are Sinking….Again….
US commercial real estate is starting to slide…a blip or a trend?
Read more...