Why the GENIUS Act does not live up to its pretenses of making stablecoins safe, thus setting the stage for a Federal bailout.
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Tuesday, July 1, 2025
The GENIUS Act: Setting the Stage for a Federal Bailout When Stablecoins Become Insolvent
Topics: Banana republic, Credit markets, Free markets and their discontents, Guest Post, Legal, Payment system, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 5:55 am | 16 Comments »
Twilight of the Woke, or How to Historicize with a Hammer
A review of Musa al Gharbi’s “We Have Never Been Woke” which chronicles the class and cultural hypocrisy of a new elite.
Topics: Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 3:58 am | 34 Comments »
Fifteen Songs About Airplanes and Flight
One last aggregation…..
Topics: Curiousities
Posted by Lambert Strether at 4:55 pm | 147 Comments »
Coffee Break: Across the Pond
Our first UK/Europe-focused Coffee Break, which examines Europe’s self-inflected energy cost uncompetitiveness
Topics: Banana republic, Coffee Break, Energy markets, Europe
Posted by Kevin Kirk at 2:00 pm | 44 Comments »
Links 3/3/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 211 Comments »
DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Topics: Banana republic, Banking industry, Credit markets, Doomsday scenarios, Federal Reserve, Free markets and their discontents, Income disparity, Investment management, Payment system, Politics, Regulations and regulators, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 35 Comments »
Woe to You Who Deprive the Poor of Their Rights
A battle of theologies in the age of Trump.
Topics: Politics, Social policy, Social values
Posted by Conor Gallagher at 5:00 am | 25 Comments »
Jane D’Arista on How the Failure of Global Finance Is Systemic
Jane D’Arista describes the internationalization of finance and how is has produced not just crises but fundamental economic distortions
Topics: Banking industry, Credit markets, Free markets and their discontents, Globalization, Guest Post, Payment system
Posted by Yves Smith at 12:37 am | 9 Comments »
Links 3/2/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 228 Comments »
The Empire Rebrands
Both Biden’s “Foreign Policy for the Middle Class” and Trump’s “America First” are packaged to solicit support from the American people for empire.
Topics: Economic fundamentals, Guest Post, Politics, Ridiculously obvious scams, Social policy, Social values
Posted by Conor Gallagher at 6:00 am | 45 Comments »
Mass Terminations Have Cut USDA ‘Off at the Knees,’ Ex-employees Say
The US is now a net importer of food. “America First” policies threaten to make situation worse, but who could benefit?
Topics: Commodities, Guest Post, Politics, Ridiculously obvious scams
Posted by Conor Gallagher at 5:00 am | 27 Comments »
Trump-Zelensky-Vance Blowup: Does Zelensky Regime End with a Bang, Not a Whimper?
Some hot takes on the epic Trump-Zelensky slugfest.
Topics: Doomsday scenarios, Europe, Politics, Russia
Posted by Yves Smith at 10:06 am | 240 Comments »
Links 3/1/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 204 Comments »
Trump and Wealth-Price Inflation: Still Running in the Background All the Time
Demand by America’s most affluent is driving consumer spending. That spending, in turn, is the main force keeping inflation so high
Topics: Dubious statistics, Economic fundamentals, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 6:00 am | 26 Comments »
Coffee Break: End-of-the-Week Thoughts on Science and Other Matters Arising
KLG’s first weekly Coffee Break medical science sightings. Feedback and recommendations for sources welcome!
Topics: Coffee Break, Guest Post
Posted by KLG at 2:15 pm | 37 Comments »