Author Archives: Yves Smith
UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...Wolf Richter: #Carmageddon Not Yet, But Hot Air Hisses out of Auto Bubble
Despite record incentives, auto sales decline speeds up, inventory bloat spreads to zombie malls.
Read more...Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”
Steve Keen’s book is a compact, layperson friendly evisceration of mainstream economics and efforts to defend banks at the expense of citizens.
Read more...How Norway Shows the Limits of “Civilized Capitalism” and Social Organization
Debunking some well-meaning thinking on the “global village” and socially responsible investing.
Read more...Links 5/2/17
British Press Hissy Fit Over Predictable EU Move to Relocate Euro-Clearing to the Continent
The UK press reacts with unwarranted indignation to an EU move that was sure to happen.
Read more...Canadian Bank Run Contagion Begins?
A Canadian subprime mortgage lender is on the ropes. Is the end of the real estate bubble nigh? If so, how much damage will banks take?
Read more...CalPERS Hides Bogus Persecution: Promised Public Hearing for Lone Effective Director Held in Secret
CalPERS doubles down on a bogus scheme to neuter its one effective board member reneging on its promise to have a public hearing of charges.
Read more...The Fall of the Latin American Left, Part III: Argentina and the Right Winning Elections
How the Kirchner program in Argentina ran into the buzz saw of currency markets.
Read more...Globalization and the End of the Labor Aristocracy, Part 3
On the current structure of globalization and its implications for the distribution of income within and between countries.
Read more...They Go Together: Freedom, Prosperity, and Big Government
Conventional wisdom about big government being a negative “freedom” isn’t borne out data.
Read more...Reminder: Washington DC Area Meetup Tonight, April 28!
Our NC meetup near Washington DC is tonight! Be there or be square!
Read more...Wall Street Journal Reports on Appearance of Private Equity Self-Dealing at Blackstone and Other Firms Nearly Four Years After We Broke the Story
So why is the Wall Street Journal years late in reporting on private equity self-dealng, and underplays its seriousness to boot?
Read more...Why Anti-War Purity Tests Are Not Sound Political Strategy
Why head on opposition to war has failed and other approaches have better odds of long term success.
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