Author Archives: Yves Smith
The Trump-Putin Phone Call: US Makes Process Concession to Russia and Trump Softens Stance on Tomahawks.
A reading of the Trump and Kremlin statements shows that most commentators are out over their skis as to what the Trump-Putin phone call portends.
Read more...Data Centers Spark Bipartisan Fury As Energy Costs Soar
Voters are waking up to the fact that their soaring electricity costs represent a big subsidy to data centers. What happens next?
Read more...What Does New High in US Stock Market Margin Debt Portend?
Looking at the significance, or not, of a record high in stock market margin debt.
Read more...Trump Plans to Use Men With Guns as Part of IRS Campaign Against “Left-Leaning” Groups
Trump, in particular his key deputy Steve Miller, is gearing up to launch his war against political enemies, above all Soros’ Open Society
Read more...Winning with Misinformation: New Research Identifies Link Between Endorsing Easily Disproven Claims and Prioritizing Symbolic Strength
A new study probes attitudes that are correlated with receptivity to more extreme misinformation claims.
Read more...Drug Price Wars: What Can Really Tame Big Pharma?
What’s really driving Big Pharma’s price gouging — and why have Federal efforts to rein it in made so little progress?
Read more...Financial Institution Leaders Issue More Warnings of Equity Market Froth, Dodgy Debt Bombs
Financial firm heads are making admissions against interest. Further discussion of apparent and potential risks.
Read more...Trump 2.0’s Eurasian Balancing Act Has Failed
Yet more case examples of Trump arrogance and aggression producing failure.
Read more...Israel, the US, and the New Aerial Imperialism
Israel has used the US, or vice versa, to subdue the neighborhood via aggressive air campaigns. But is that sustainable?
Read more...The Huge US Bond Market and the US Dollar Blow Off the “Debasement Trade”
Why the dollar and Treasuries have rallied despite the Liberation Day swoon and “debasement trade” patter.
Read more...Links 10/14/2025
Economic Myths: Homo Economicus
Richard Murphy is starting to take part bad economic idea. This series may wind up having no ending.
Read more...The Rising Carbon Footprint of Electricity in the United States
On the policy of increasing electricity generation without decarbonization, as in increased reliance on gas.
Read more...Crypto Crash Leads to Customer Bail-Ins to Prevent Some Exchanges from Failing
Yet more reason to be leery of crypto: even when you have won on a leveraged bet, you can be haircut to help rescue the exchange.
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