Author Archives: Yves Smith

We Are Sixteen Years Old

Wow! Sixteen years! A short walk down memory lane and many thanks.

Links 12/17/2022

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Michael Hudson Discusses the Future of Europe and Global Restructuring

Michael Hudson describes how the war with Russia is changing the economic and political order, and not to the advantage of Europe and the US.

Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets

ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.

Bankman-Fried, Political Money, and the Crash of FTX

How FTX showering money on both parties to try to paralyze regulators.

Arctic Report Card 2022: The Arctic Is Getting Rainier and Seasons Are Shifting, with Broad Disturbances for People, Ecosystems and Wildlife

An update on the impact of global warming in the Arctic.

Links 12/15/2022

Hungary Asks the War Questions and Probes Merkel’s Minsk Deception

On Merkel’s and Germany’s posture toward the war in Ukraine and Russia generally.

Needed Global Financial Reforms Foregone Yet Again

The pathologies that produced the financial crisis are still circulating.

Notes on SBF’s Indictment and SEC/CFTC Civil Suits, Incarceration, Meetup with Reality

SBF’s fortunes just took a big nosedive, or for the more jaundiced, got marked to market.

New York Times Strike: From Reporters to Rabble-Rousers

Workers at the New York Times stopped working to demand better pay and labor rights—but only for a day. What if they flexed their power?