30-Year Treasury Yield Spikes Past 5%, 30-Year Mortgage Rates Hit 8%, Mortgage Applications Plunge
Treasury bond bloodbath, housing Market in deep-freeze, as delusions fade.
Read more...Author Archives: Yves Smith
EPA Fast-Tracking of Gene-Altering Pesticide Sparks Concerns
The EPA is rushing a gene-changing pesticide through the approval process which would open the door to similar products from Big Chemical
Read more...Iran Calls For Middle East States to Start Economic Escalation Via Oil Embargo On Israel
An oil embargo against Israel looks unlikely to have much economic impact but it could promote other Middle Eastern joint action.
Read more...Biden Gets Zelensky Treatment in Middle East as Israel Tries to Escalate
The Israel shelling of the Al-Ahli hospital in Gaza was an escalation too far. But that does not mean Israel or the US will put on the brakes
Read more...After Poland’s Elections: Democracy and Keynesianism?
A divergent take on Poland elections: PiS lost becaue it promised to address the costs of 1990s shock doctrine but then did little.
Read more...New York City Will Send Migrant Families to Flood-Prone, Far-Off Tents
New York City will send arriving migrant families seeking shelter to a former airfield. Those now in shelters get 60-day eviction notices.
Read more...Links 10/17/2023
‘Honey, I Bought My Football Team!’ The World of Sports Investments
Confirming that investors in football (as in the kind played all over the world) have money to burn, because that’s what they are probably doing.
Read more...Deaths of Despair Afflict More Cohorts Than Case-Deaton Originally Found
Deaths of despair turn out to be more widespread than thought earlier. Yet lack of interest in this collective tragedy persists.
Read more...Rob Urie: Is It Fascism Yet?
Rob Urie provides a follow-on post to focus on a topic he mentioned in passing: fascism on the left, and fascism generally.
Read more...Drone Warfare in the Nuclear Age
American leadership drunk on its belief in its exceptionalism, drone and war with China edition.
Read more...Links 10/14/2023
Book Review: How Our Roads Have Become an Invasive Species
In “Crossings,” Ben Goldfarb explores the science of road ecology, or how roadways affect plants and animal life.
Read more...‘Sacrifice Zones’: The New ‘Jim Crow’ That’s Sickening and Killing People of Color
“Sacrifice zones”—pollution hot spots—are a front line in an often deadly and steadily growing health crisis across the United States
Read more...Israel Accused of ‘Blatant War Crime’ as Human Rights Watch Confirms White Phosphorus Used in Gaza
Human Rights Watch: “White phosphorus … poses a high risk of excruciating burns and lifelong suffering,”
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