Author Archives: Yves Smith

Links 7/8/2022

Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn

Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.

CalPERS Cooks the Books While Taking an Unnecessary Loss to Exit $6 Billion of Private Equity Positions

CalPERS has just made an openly value-destroying sale of private equity holdings. So who at CalPERS is benefitting from this gift to buyers?

Widely Used Hospital Gowns Show Signs of Exposing Workers to Infection

Visibly filmsy “isolation” gowns, OK’d by the CDC for Covid and other infectious disease care, have been found by a new study to be unsafe.

The G7 Is Still Pushing Its Nutty Russia Oil Price Cap Idea

A new effort to punch Russia in the nose look as likely to backfire as earlier attempts, charitably assuming the scheme gets off the ground.

FBI Now Joins in China Warmongering in Bizarre Speech in London with MI5 About Taiwan, Intellectual Property Theft

The US is really really out to heat things up with China…

Fossil Fuel Interests Are Behind Canada’s Blue Hydrogen Push

Fossil fuel producing Canada is promoting the blue hydrogen con.

The Coming Sanctions-Induced Economic Tsunami?

It does not take much in the way of prognostication skills to anticipate that things can get way way worse on the economic front.

Boris Johnson Death Watch

Boris Johnson agonistes.

Links 7/5/2022

Shorting British, American and Baltic Intelligence – Going Long on Vladimir Putin

Perhaps not surprisingly, it’s possible to get books published about Putin based on accounts by spooks not in Russia when Putin was in office.

Weaponizing Free Trade Agreements

free trade agreements may increasingly become economic weapons in the new Cold War, disrupting earlier globalization.