Author Archives: Yves Smith

KLG: What Naked Capitalism Means to Me

Professor, scientist, and now Naked Capitalism writer KLG explains why the site and its community deserves your support.

Productive and Unproductive Crises

Making a case from past crises that we’ll muddle through our current set and thanks to technology, eventually come out better.

BMW: Gasoline Car Ban Poses “Imminent Risk” To European Automakers

BMW warns that the 2035 EU mandate to end sales of new fossil fuel vehicles will be a mass death event for most EU car makers

Links 9/5/2023

Global Biodiversity Panel Warns Humans’ Introduction of Invasive Species Threatens Nature, Food Security

With major drivers of change set to worsen. increases of invasive alien species and their negative impacts are likely to intensify.

End of the War, End of US Exceptionalism

John Helmer providesan epic shellacking of a new book on the Ukraine war.

Naked Capitalism Fundraiser 2023: Finding New Footholds as the Fissures Widen

Our annual fundraiser begin, with some special features coming! Please give genrously to keep us in top form.

Fundraiser 2023: What We Did for You in the Past Year

We are proud of what we did since our last fundraiser. Please support our work so the upcoming year will be even better!

The Arrest of Igor Kolomoysky Consolidates US Influence Over Zelensky Ahead of Likely Elections

Another unseemly tale from Ukraine, this of the deposing and now arrest of Zelenksy’s kingmaker, Igor Kolomoysky.

Links 9/2/2023

Further Thoughts on Sweden’s Pandemic Response

A Covid retrospective on Sweden indicates citizens to a large degreed ignored bad government advice.

Jobs Are Up, Wages Less So – and Lower Purchasing Power Could Still Lead the US into a Recession

Quelle surprise! Trends in wages indicate that the economy is less robust than the officialdom and financial press would have you believe.

How Economists Distorted Economic Theory to Help Big Companies Get Bigger

Economists had to play fast and loose with economic theory to deploy their merger “efficiency” arguments.

“Core Services” Inflation Jumps to 2nd Worst Since 1985, “Non-Housing Services” Are Red Hot. Fed’s Job Far from Done

Inflation in the US is still defying the Fed, confirming that the blunt instrument of interest rate increases is not the right tool.

Indonesia’s Wait-And-See Approach Towards Joining BRICS

Indonesia serves as a reminder that the so-called “Global South” is not monolithic and that affects the prospect of joining BRICS.