BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western
Yet more evidence that the BRICS aren’t ready to launch a serious anti-dollar/new currency regime.
Read more...Author Archives: Yves Smith
Links 8/17/2023
Investors Start Thinking About Underpricing of Climate Risk
Some investors are worried that climate risk means their holdings are overvalued. It would be nicer if they worried about the real world too.
Read more...A New Climate Frontier
A recap of James Hansen’s latest clmate report, which finds the rate of warming has accelerated.
Read more...NAM 2.0+G77 vs G7+NATO+OECD+WEF
Jomo warns US policies are creating war and depression, pushing developing nations to strengthen democratic institutions of global governance
Read more...The Rise of Private Cops: How Not to Tackle Homelessness
Why a story on the abuse of private power, here a security guard beating up the homeless on public property, does not go far enough.
Read more...Scientism as a Non-Solution to a Problem that Should Not Exist vs. Science as a Solution to a Problem that Must Be Fixed
KLG continues his investigation of scientism by looking at two canard-infested areas: plastic recycling and industial food production.
Read more...Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich
In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.
Read more...GE, Bayer, Blamed for Child’s Cancer in a Community Awash in PCB Pollution
Is PCB-induded health damage about to become a major litigation front?
Read more...Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS
ichael Hudson on topics old and new: the role of debt in rentier extraction and US hegemony, and the prosepcts for the dollar and BRICS.
Read more...Links 8/15/2023
How to Fix Monetary Policy in Advanced Countries
The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.
Read more...European Gas Price Spike Highlights Painful Exposure To Global Markets
A strike in Australia could reduce global LNG supplies by 10%. European energy security is not what it used to be.
Read more...Analyzing Apparently Irrational Behavior in Western Elites
Some old and newish theories as to why our elites seem unable to manage their way out of a paper bag.
Read more...The West and the War in Ukraine: Selling and Buying Hopium
Despite some press stories and orthodox pundits acknowledging that things are going badly for Ukraine, there is way too much delusion.
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