Author Archives: Yves Smith

With COP Gridlocked, Critics Blast ’27 Years of Obstructionism, Delay, and Greenwashing’

One activist on the COP’s underwhelming performance: “Once again we are seeing rich countries trying to evade their responsibility.”

Tom Ferguson: Worker’s Wages & Leverage are the Real Targets

Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power?

You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.

FTX: New Ex-Enron CEO Finds “Complete Absence of Trustworthy Financial Information,” $3.3 Billion Loans to SBF, Customer Deposits Not Recorded on Balance Sheets; Confirms Software Backdoors, Auto-Deleted Communications

FTX is an even bigger mess than someone with a creative streak might have imagined.

Not Every Robin = Spring and Not Every Story About Moving Away from the Dollar Is Well Founded

A small illustration of why some of the stories about reducing dollar dependence are misguided.

Where’s the Contagion from the Crypto Implosion?

Why, if you aren’t in crypto, you can watch the meltdown in comparative comfort.

U.S. Diesel Inventories Hit Historic Lows At The Worst Possible Time

The diesel squeeze is getting worse, but it is still not clear how actute it might become.

Russia Launches New Electrical Grid/Infrastructure Strikes in Ukraine

Russia launched a new round of infrastructure attacks on Urkaine, but so far it looks more selective than yesterday’s massive blows.

Why Don’t The Poles Admit the War Isn’t Winning the Next Polish Election and Isn’t in Poland’s National Interest – Unless Zelensky Loses Galicia to Poland, Again

There is less enthusiasm for the Ukraine war amond some Polish voters than the US/UK press would have you believe. And winter is coming.

Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties

Another account of the extent of the private equity health care grifting, as well as some avenues to check these abuses.

Links 11/16/2022

Russia Continues to Escalate Electrical Grid/Infrastructure Attacks; Charges Over Attack on Poland Shift Focus from Damage

Despite the lack of media interest, the Russian destruction of Ukraine’s electrical grid could determine the outcome of the war.

When Marshal Kutuzov Joins General Winter and General Surovikin, What Happens Next on the Front

An overview of how Russia approaches war, and then a discussion of why Pavlovka matters in the Ukraine campaign.

COP27 Fiddling as World Warms

COP27, the latest climate ‘blah-blah,’ began with rich nation backpedalling due to the NATO sanctions-induced energy crisis.

Links 11/15/2022