Payday loans suck. Giving them a new name does not make them suck less.
Recent Items
Tuesday, October 14, 2025
The Bullshit Economy Part 2: Payday Loans 2.0, aka Early Paycheck Apps
Topics: Banana republic, Banking industry, Credit markets, Free markets and their discontents, Guest Post, Income disparity, Regulations and regulators, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 4:39 am | 16 Comments »
Cabin Fever: Americans (of Means) Keen to Travel. How Many Will Play it Safe?
The travel genie is about to leave the bottle.
Topics: Banana republic, Economic fundamentals, Health care, Pandemic, Politics, Regulations and regulators, Risk and risk management, Social policy, Social values
Posted by Yves Smith at 3:54 am | 31 Comments »
Covid Is Airborne (on Airplanes)
Border controls and quarantine in the United States, as contrasted to Vietnam and Japan
Topics: Guest Post, Pandemic
Posted by Lambert Strether at 5:55 pm | 49 Comments »
Links 3/21/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 145 Comments »
The End of Closed Democracy?
Corporate and financial capital still dominate, but politics no longer serves them alone, by putting the interests of the market first. Instead, power is having to listen to people everywhere.
Topics: Globalization, Guest Post, Politics
Posted by Lambert Strether at 6:45 am | 51 Comments »
Links 3/20/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 291 Comments »
New CDC Guidelines to Reopen Schools, Based on Outdated, Cherry-Picked, and Misinterpreted Data, Put Students, Teachers, and Communities at Risk
Pushing to reopen schools based on outdated science is poorly timed in face of coronavirus resurgence.
Topics: Banana republic, Doomsday scenarios, Dubious statistics, Guest Post, Health care, Pandemic, Politics, Science and the scientific method, Social policy
Posted by Yves Smith at 5:47 am | 36 Comments »
How Employers Punish Workers for Forming Unions
How employers play dirty tricks even after unions are voted in. The PRO Act, up for a Senate vote, would stop the worst practices.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Regulations and regulators, The destruction of the middle class
Posted by Yves Smith at 4:28 am | 36 Comments »
2:00PM Water Cooler 3/19/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 174 Comments »
We May Be Living in a Moment of Misplaced Optimism
The current bout of optimism looks too close to giddy for my comfort. And yours?
Topics: Dubious statistics, Economic fundamentals, Guest Post, Health care, Income disparity, Macroeconomic policy, Pandemic, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 82 Comments »
Links 3/19/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 154 Comments »
Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs
How to do a better job of getting relief to those who need it.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Guest Post, Income disparity, Macroeconomic policy, Market inefficiencies, Pandemic, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:53 am | 10 Comments »
Another Blow to Tax Evasion and Money Laundering: UK Targets Art Market After US Goes After Anonymous Shell Companies
The US and UK are making life a bit harder for tax cheats.
Topics: Banana republic, Banking industry, Free markets and their discontents, Legal, Real estate, Regulations and regulators, Taxes
Posted by Yves Smith at 5:25 am | 5 Comments »
Stock Market Leverage Spikes in Historic Manner: Another WTF Chart of a Zoo that Has Gone Nuts
In an investment environment where nothing matters anymore – until old fasioned worries like leverage suddenly do.
Topics: Banana republic, Banking industry, Credit markets, Derivatives, Doomsday scenarios, Free markets and their discontents, Guest Post, Investment outlook
Posted by Yves Smith at 2:02 am | 20 Comments »
2:00PM Water Cooler 3/18/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 118 Comments »