Author Archives: Yves Smith
Who Will Care for Older Adults? We’ve Plenty of Know-How but Too Few Specialists
The ranks of doctors who specialize in care of the elderly is shrinking. Why?
Read more...Could It Be the Fed’s Mega-QE Created So Much Liquidity That Tightening Doesn’t Work until this Excess Gets Burned Up?
Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny.
Read more...After Years of Tanking Climate Action and Anti-Poverty Measures, Manchin Announces Exit From Senate
“During his time in office, Manchin served the fossil fuel industry and lined his pockets with the payoff,” said one critic.
Read more...Rob Urie: Biden Visits Hitler’s Bunker, Sends for a Decorator: Israel and Ukraine Edition
The US is losing power and geopolitical legitimacy by its mishandling, or one might say misguided handling, its clients Israel and Ukraine.
Read more...Jim Chanos: “The Crypto Ecosystem Is Well-Suited for the Dark Side of Finance.”
The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber
Read more...The Fed’s Bank Capital Three-Card Monte: Undermines Tighter Rules by Allowing Synthetic Risk Transfers to Famed Hedge Fund Bad Actors Like Magnetar, Ares
The Fed again seems unable to contain its bad impulses.
Read more...Resources to Save ‘Every Creeping Thing of the Earth’ Are Limited. What Would Noah Do?
A discussion of Martin Weitzman’s ideas about the best way to look at species preservation.
Read more...UN Special Rapporteur Calls Out Walmart, Amazon, DoorDash as Creating Poverty by Not Paying Living Wages
Major companies like Walmart create poverty via obscenely low pay, most recently confirmed via a UN special rapporteur.
Read more...Biomedical Science versus Biomedicine, a Continuing Series
A case study of biomedical science progress against cystic fibrosis, and the resulting “biomedicine” profiteering.
Read more...What Did the Houthis’ Attempted Bombing of Israel Aim to Achieve?
The Houthis are trying to mix things up, at least a little bit, in the conflict in Gaza. To what end?
Read more...PPPs Fiscal Hoax Is a Blank Financial Silver Bullet
More on why public private partnerships, aka PPPs, amount to private enrichment at public expense, not just governments but also users.
Read more...Credit Suisse Forced Marriage Gins Up $9 Billion in Legal Claims in Addition to RICO/Swiss Law Suit for Longstanding Misconduct and Crimes; Amicus Brief by Better Markets Supports RICO Claim
Is Credit Suisse going to become the Jarndyce and Jarndyce of failed bank litigation?
Read more...Links 11/7/2023
The Politics of the Slaughter of Everybody
Paging Santayana. What happened to the Athenians after they acted on their confidence in their ability to slaughter the Melians.
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