Author Archives: Yves Smith

‘It’s Not Either/Or’ — Population and Consumption in the Climate Solutions Debate

Looking at the oft superficially discussed population and consumption levers in the climate change debate.

How Austerity Caused the NHS Crisis

As the NHS crisis intensifies, a look at how the once esteemed service got there.

Worst of Europe’s Energy Crisis May Be Yet To Come

Just because the weather gods are now smiling on Europe does not mean its energy crunch is over.

Links 1/4/2023

The Great Inflation Debate: Supply Shocks and Wealth Effects in a Multipolar World Economy

A new analysis finds our inflation comes first from Covid/sanctions supply shocks and second, spending by the rich, not government spending.

Can NATO and the Pentagon Find a Diplomatic Off-Ramp from the Ukraine War?

A piece about NATO’s recent noises re Ukraine sadly reveals how supposedly non-captured, well-meaning activists have lost the plot.

An Entire Decade of Benefits Denial for Vets After Camp Lejune Toxic Chemical Exposure?

A recently-passed law is designed to help servicemembers who suffered toxic chemical exposure at Camp Lejune finally get compensation.

Links 1/3/2023

Ukraine: When Will It Reach the End of Its Propaganda Line?

Is Ukraine’s spin getting threadbare?

The Currency Swaps Time Bomb in Global Finance – Rob Johnson

Currency swap exposures have gotten to be uncomfortably large……

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.

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.

Links 12/30/2022