Why US trade and economic threats against Mexico could trigger a financial/currency crisis that may propagate across the Global South
Recent Items
Monday, March 10, 2025
Michael Hudson: Trump’s Balance-of-Payments War on Mexico, and the Whole World
Topics: Banana republic, Banking industry, Currencies, Doomsday scenarios, Economic fundamentals, Globalization, Guest Post, Payment system, Politics
Posted by Yves Smith at 6:54 am | 69 Comments »
President Trump Promises to Make Government Efficient − and He’ll Run Into the Same Roadblocks as Presidents Taft, Roosevelt, Roosevelt, Truman, Eisenhower, Carter, Reagan, Clinton and Bush, Among Others
Why “make government efficient” and cost cutting programs are close to destined to come up short.
Topics: Free markets and their discontents, Guest Post, Legal, Macroeconomic policy, Politics, Regulations and regulators
Posted by Yves Smith at 5:19 am | 39 Comments »
2:00PM Water Cooler 1/24/2025
~ Today’s Water Cooler: Politics, syndemics; Trump on the road in North Carolina and California.Hegseth advances to floor vote; Smile Nazis in action; Snow in the South ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 129 Comments »
How Much Will Trump’s Bark Exceed His Bite? Doubts About Whether Disruptive Federal Hiring and Spending Pauses Will Produce Lasting Changes
Trump is adept at using his willingness to be wildly inconsistent to destabilize opponents. But he is unduly fond of using blunt instruments like tariffs that he can impose unilaterally, with insufficient consideration of whether they will work all that well, let alone what bad unintended effects they might generate. What Trump has done so […]
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Legal, Politics, Regulations and regulators, Taxes, The destruction of the middle class
Posted by Yves Smith at 10:48 am | 16 Comments »
At Davos, Spanish PM Pedro Sánchez Just Said the Quiet Part Out Loud on Online Anonymity and Digital Identity
“In our countries, no one can walk the streets with a mask on their face,” and “yet we allow people to roam freely on the Internet without linking their profiles to a real identity.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 47 Comments »
The Curse of the Household Analogy
It can’t be said too often: national government spending is not like household spending, and acting as if it is is damaging.
Topics: Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Politics, Taxes, The destruction of the middle class, UK
Posted by Yves Smith at 1:33 am | 43 Comments »
Building a Movement for Social Justice in the Time of Trump
Unlike many who are upset about Trump’s win, Liz Theoharis and William Hartung focus building a broad-based opposition with policy goals
Topics: Guest Post, Income disparity, Legal, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 12:58 am | 27 Comments »
2:00PM Water Cooler 1/23/2025
~ Today’s Water Cooler: Politics, Syndemics; Trump wants nuclear reduction talks with China, Russia; Trump readies Schedule F assault; Energy in the executive; George R.R. Martin back in print ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 89 Comments »
More Kentucky Dirty Dealings: Attorney General Schemes to Leave Hundreds of Millions in Pension Recovery on the Table, Give Sweetheart Payout to Attorneys, To Settle Claims Against Private Equity Kingpins KKR and Blackstone, Including Ones by Plaintiffs the AG Does Not Represent
A new legal low: the Kentucky Attorney General wants to gift the pension fund’s money to KKR and Blackstone to settle claims against them.
Topics: Hedge funds, Investment management, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 10:27 am | 12 Comments »
Links 1/23/2025
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 165 Comments »
Rob Urie: On Being Censored for the Last Four Years
Rob Urie provides damning details about the extent and nature of the censorship he has suffered. Please read and circulate widely.
Topics: Guest Post, Media watch, Politics, Surveillance state, Technology and innovation
Posted by Yves Smith at 6:54 am | 73 Comments »
Introduction: ‘To Govern The Globe’
Tom Neuburger presents Alfred McCoy’s book, To Govern the Globe, and his concept of world orders.
Topics: Free markets and their discontents, Guest Post, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 6:19 am | 47 Comments »
How ‘Dupes’, Fast Fashion and China’s Economic Slowdown Spell Disaster for the Luxury Sector
The luxury goods market is in bad shape, an indicator of how the moderately well off and “aspirational” shoppers are under income stress.
Topics: China, Currencies, Economic fundamentals, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 4:54 am | 28 Comments »
2:00PM Water Cooler 1/22/2025
Today’s Water Cooler: Politics, Syndemics; Trump’s executive orders; Trump and AI; Oh, Elon; The Inaugural: Melania’s hat; the seating chart ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 129 Comments »