Author Archives: Yves Smith

Silicon Valley Bank Fails, With Deposits of Many Venture-Backed Companies Frozen. How Bad Will the Fallout Be?

How severe might the contagion from the Silicon Valley Bank failure be? And who will suffer most: tech land or other banks?

Links 3/10/2023

Fed Hawkishness, Crypto Implosion, and Private Equity Subscription Lines of Credit Imperil Silicon Valley Bank and Freak Out Bank Stock Investors

Silicon Valley Bank: ultimately a Fed victim?

Ayn Rand vs. Elinor Ostrom: The Fight for the Future of Social Media

Contrasting ideologies at play about the structure and role of social media mirror the conflicting ideologies in economics.

A Feminist Demand on International Women’s Day: Fire Victoria Nuland

If feminists support this Bush-era neocon simply because she is a woman, Victoria Nuland might just burn down the world in a nuclear fire.

The Financial Times’ Martin Wolf Worries About Europe’s Future but Oddly Not the US’

Martin Wolf’s musings about what lies in store for Europe has a huge blind spot as far as the US is concerned.

How Does JK Galbraith’s The New Industrial State Hold Up After 6 Decades?

How John Galbraith correctly called many developments that have had great political and economic significance, like the decline of unions

Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely

Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.

Links 3/8/2023

“How Stupid Do They Think We Are?” Nord Stream Pipelines Bombing Edition

Shameless Nord Stream spin.