The coronavirus spread is setting up a nasty real economy-financial system contraction.
Recent Items
Tuesday, July 1, 2025
Coronavirus: Bracing for the Economic Shockwave
Topics: Banking industry, China, Credit cards, Credit markets, Derivatives, Doomsday scenarios, Economic fundamentals, Federal Reserve, Globalization, Macroeconomic policy, Pandemic, Private equity
Posted by Yves Smith at 6:15 am | 180 Comments »
Porkfest! Tallying How Much the Pentagon Really Costs
Yes, sports fans, Pentagon spending is even worse than you imagined.
Topics: Banana republic, Dubious statistics, Guest Post, Politics, Social values, The destruction of the middle class
Posted by Yves Smith at 6:10 am | 27 Comments »
2020’s Plague of Locusts: Updates on Africa and Pakistan (and China)
The plague of locusts in Africa (and Pakistan) is getting worse, and threatens millions with starvation. Solutions are pesticides, biopesticides (but, sadly, not ducks). China’s role is interesting.
Topics: Africa, China, Doomsday scenarios, Environment, Globalization, Guest Post
Posted by Lambert Strether at 2:25 pm | 16 Comments »
Links 3/1/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 481 Comments »
Why East Germans Are Not Taking Advantage of the Large Wage Gap Between East and West Germany
Reallocating workers to better jobs at their current location could be a more cost-effective avenue to increase aggregate wages, and even accelerate regional convergence
Topics: Europe, Free markets and their discontents, Guest Post, Income disparity, Market inefficiencies
Posted by Lambert Strether at 5:55 am | 35 Comments »
Links 2/29/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 411 Comments »
Housing Insecurity, Homelessness, and Populism: Evidence from the UK
Cutting subsidies for private rental housing did not do much to reduce overall spending or lower rents but caused a lot of pain.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Income disparity, Politics, Real estate, Social policy, The destruction of the middle class, The dismal science, UK
Posted by Yves Smith at 5:19 am | 14 Comments »
More Than 9 Million People Use Freecycle Instead of Buying New
A bona fide sharing “economy”: Freecycle plans to add a lending and borrowing tool to encourage people to share with friends and neighbors.
Topics: Environment, Free markets and their discontents, Guest Post, Social values, The destruction of the middle class
Posted by Yves Smith at 4:43 am | 29 Comments »
2:00PM Water Cooler 2/28/2020
By Lambert Strether of Corrente. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune Key dates coming fast now, so I added some counters: Here is a second counter for South Carolina, […]
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 217 Comments »
Coronavirus Collateral Damage: How a Case in Korea Hit a Small Business in the US
How coronavirus is causing some US businesses headaches, and potentially distress
Topics: Economic fundamentals, Globalization, Guest Post, Pandemic, Risk and risk management
Posted by Yves Smith at 9:55 am | 48 Comments »
Links 2/28/2020
One reason cats and rabbits tend to get along is that for cats, grooming others is a sign of high status, but for rabbits, being groomed is a sign of high status.
Thus, each of these cuties is thinking "I'm the boss": pic.twitter.com/6sp6r9hWA7
— Noah Smith ? (@Noahpinion) February 26, 2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 257 Comments »
Informative Transgressions
Is it just me, or are more people engaging in social transgressions so they can be heard?
Topics: Doomsday scenarios, Environment, Social values
Posted by Yves Smith at 5:57 am | 82 Comments »
The Candidate’s Dilemma: “I Call on My Opponents To Stop Calling on Me To Drop Out.”
Why lazy thinking on Dem candidate odds is wrong.
Topics: Banana republic, Dubious statistics, Guest Post, Politics
Posted by Yves Smith at 3:24 am | 75 Comments »
Why Is Trump Trying to Kill a Small Agency with a Big Impact on Public Safety?
Quelle surprise! Trump is out to terminate an independent agency that has stepped into the EPA’s void.
Topics: Banana republic, Free markets and their discontents, Guest Post, Politics, Regulations and regulators, Science and the scientific method
Posted by Yves Smith at 2:20 am | 27 Comments »
2:00PM Water Cooler 2/27/2020
Today’s Water Cooler: Open thread.
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 217 Comments »