Author Archives: Yves Smith
Ukraine: When Will It Reach the End of Its Propaganda Line?
Is Ukraine’s spin getting threadbare?
Read more...The Currency Swaps Time Bomb in Global Finance – Rob Johnson
Currency swap exposures have gotten to be uncomfortably large……
Read more...Links 12/31/2022
FTX’s Collapse Mirrors an Infamous 18th Century British Financial Scandal
Perilous little is novel in finance, particularly scams like FTX.
Read more...War Of The Worlds Begins In Your Neighborhood “Because — German Chancellor Merkel Has Just Declared — Russia Was Never Pacified”
It can’t be said often enough how much damage Merkel did by using Minsk as a clever ploy to hurt Russia and worse now admitting to it.
Read more...Links 12/30/2022
The 2022 Globie: Money and Empire – Perry Mehrling on Charles Kindleberger
Perry Merhling’s recent book on Charles Kindleberger finds he had prescient beliefs about the need for a prudent international money minder.
Read more...Twitter and the CIA (Twitter Files 8–10)
Yves here. The Twitter Files disclosures continue at an impressive clip, increasingly focusing on the close involvement of Federal law enforcement and intelligence agencies in curtailing and blocking Administration/Democrat-threatening lines of thought, such as interest in the Hunter Biden laptop or hostility to vaccine mandates. These revelations are as significant as the Pentagon Papers, yet […]
Read more...“The Expat Experience”
Some perspectives on being an expat.
Read more...Links 12/28/2022
Hoisted from Comments: Rosneft Refinery in Schwedt as a Microcosm of Europe’s Sanctions-Induced Energy Mess
A Rosneft refinery in Germany illustrates how difficult it is to get back to anything resembling status quo ante under sanctions.
Read more...The Ukraine Crisis Is a Classic “Security Dilemma”
Some well-meaning but going-nowhere peace ideas for Ukraine.
Read more...Thomas Frank on How the Feckless Democrats Trashed the American Middle Class
How Democrats abandoned populist economic ideas and whether there is a future for progressivism.
Read more...Russia Says Europe Will Struggle To Replace Its Oil Products
More debate over the impact of Western sanctions on oil price.
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