Eurobanks: The Probable Point of Failure as Systemic Stress Rises
Why Eurobanks are the most likely fracture point if current economic stresses continue.
Read more...Author Archives: Yves Smith
Gaius Publius: Michelle Alexander, the Black Community & the Hillary Clinton Campaign
Michelle Alexander and some other black political and opinion leaders challenge knee-jerk loyalty to Hillary Clinton. Will these doubts spread?
Read more...The Hidden Agenda Behind Saudi Arabia’s Market Share Strategy
Were the Saudis actually not targeting the US shale industry or did their original plans misfire?
Read more...Can Mass Migration Boost Innovation and Productivity?
Mass migration is getting a bad rap. Is it entirely deserved?
Read more...Links 2/11/16
Former Central Banker William White on the Failure of QE, Danger of Negative Interest Rates
Former Bank of International Settlements chief economist William White criticizes central bank policies sharply, particularly negative interest rates.
Read more...Online Public Schools Are a Disaster, Admits Billionaire, Charter School-Promoter Walton Family Foundation
Online public schools now assume a surprisingly large role and do a terrible job, providing yet more proof that charter schools are about looting, not education.
Read more...Bill Black: Whistleblowers’ Plan Is Hillary’s Pragmatic Opportunity to Live Up to Her Word on Bank Reform
Will HIllary take the pragmatic step of adopting the Bank Whistleblowers United reforms?
Read more...France To Build 621 Miles Of Solar Roads
Solar roads sound too “gee whiz” to work. But it would be terrific if they did.
Read more...Dean Baker Exposes How CBO Cooks Inflation Forecasts to Promote Deficit Scaremongering
Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.
Read more...Links 2/10/16
Technology and the Future of Work
Discussions of technology-driven change fail to distinguish between productivity-enhancing technology and disruptive technology.
Read more...Bill Black: The AEI and Brookings Sell Marriage as the Solution for Poverty
Marriage is the new cheap fix for poverty…which means by implication that single low income women are a new category of the undeserving poor.
Read more...How Many Flints? America’s Coast-to-Coast Toxic Crisis
Flint is just the tip of the iceberg of lead poisoning in America.
Read more...Money and Banking – The Fed and Monetary Policy
A very readable, information-rich post on what the Fed does and does not do, with emphasis on the nitty-gritty of monetary policy. If you are time-pressed, read the last item in the FAQ first, which is a terse item-by-item debunking of widely made, inaccurate statements about the Fed.
Read more...