Questioning the Corporation
A review of the development and current undue power of corporations provides insightful history but goes off the rails on some current issues.
Read more...Author Archives: Yves Smith
Federal Reserve, Using Non-Compliant Accounting, Hides Over $100 Billion a Year of Losses and Resulting Negative Equity, Due to Illegal Bank Subsidies
A former Fed economist explains in detail how the central bank has been using dodgy accounting to hide losses from impermissible subsidies
Read more...Satyajit Das: Book Essay – Understanding Iran
A look at modern Iran’s grand strategy and the danger of continued Western underestimation.
Read more...How States Are Placing Restrictions on AI in the Absence of Strong Federal Regulation
Yves here. On the one hand, it is gratifying to see that some curbs are being put on AI, even if in a piecemeal fashion by states. Restrictions on AI use in medicine, for instance, will tend to have broader impact since most providers are national and will find it too costly to run a […]
Read more...Stagflation Watch for the US Economy as a Whole
Upgrading a US recession watch for the US to a stagflation watch due to inflation even as ISM indexes signal current contraction
Read more...Links 8/6/2025
Trump Reaffirms Threat of Even Higher Tariffs on India; Deflationary Shock Risk for Global South
If Trump does not blink on his tariff threat against India over Russia oil buys, could his program kick of deflationary pressures?
Read more...The “Trump Bridge” Could Lead To Russia’s Expulsion From the South Caucasus
Is Trump about to achieve a big win in Russia’s back yard?
Read more...Food Rescue Grows in Response to Federal Funding Cuts
Food rescue, charities that use excess from wholesalers, provide free groceries to those in need as Federal programs cut support.
Read more...Links 8/5/2025
Trump Threatens India With Secondary Sanctions Over Russian Oil Purchases. What Next?
Trump’s attempt to bully India into dropping Russian oil buys is not succeeding. What happens now?
Read more...Economists Wake Up to West’s Trade and Technology Dependence on China
Useful data on and discussion of China’s dominance of inputs and technologies essential to the West.
Read more...Wall Street Journal Describes How AI Will Eat McKinsey’s Lunch
What a large series of scandals could not do to McKinsey might finally be accomplished by AI: cut the firm down to size.
Read more...Former Ambassador M. K. Bhadrakumar Throws Cold Water on the Idea That India Is Keen About BRICS
Bhadrakumar explains why India does not think all that highly of BRICS.
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