Author Archives: Yves Smith
Strengthening Russo-Turkish Alliance Stokes US-Russian Cold War
John Helmer describes why an upcoming meeting between Erdogan and Putin could represent a significant geopolitical shift.
Read more...Dumb Money Watch: ZIRP-Starved Insurers Beefing Up in Lending as Banks Exit the Pool
Insurers are going long risk at one of the worst possible junctures.
Read more...Scotland Disses Theresa May by Reviving Anti-Inequality Law She Loathes
Another min-joust between the UK and Scotland, this on an innovative anti-inequality stipulation.
Read more...Did Germany Just Blink?
Germany just cut Spain and Portugal some budgetary slack. What’s driving this unexpected outbreak of reasonableness?
Read more...Italian Bank Failures Could Disintegrate the EU
How bad is the Italian banking mess?
Read more...Confirming NYC Meetup This Friday, August 5
Confirming this week’s meetup and providing location and other details.
Read more...Links 7/30/16
How ‘Competitiveness’ Became One of the Great Unquestioned Virtues of Contemporary Culture
How political authority has legitimated and promoted the questionable goal of competitiveness.
Read more...Video: Guide to Legal Tax Evasion (With #iPhone7Boycott)
A humorous starter guide as to how multinational engage in legal tax evasion, and how to tell Apple to cut it out.
Read more...Links 7/29/16
How Executives Can Personally Profit from Bad Corporate Behavior in Health Care
Two Johnson & Johnson executives were prosecuted in a health care case for illegal marketing but their superiors got off scot free.
Read more...Wolf Richter: US Homeownership at Lowest Level in Over 50 Years
Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.
Read more...Michael Hudson: Obama Said Hillary Will Continue His Legacy – and Indeed She Will!
An update on Hillary’s coronation.
Read more...Do “Unconventional” Monetary Policies Work?
A skeptical look at unconventional monetary policies: quantitative easing, ZIRP, and negative interest rates.
Read more...