The EU-US Trade Deal: Von der Leyen Just Subordinated the EU as the US’ Largest-Ever Vassal State
The EU submits to Trump on trade and accepts further insult via required US investment and energy purchases
Read more...Author Archives: Yves Smith
Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land
Despite the Fed depicting its current rate policy as restrictive, manic pricing in many financial markets says otherwise.
Read more...As White House Touts ‘Economic Boom,’ Americans Say They’re Barely Scraping By
Despite Trump’s economic claims, with rising tariffs, just 30% of Americans say they can meet their costs per a poll from Data for Progress.
Read more...Michael Hudson: Church and Finance – From the Crusades to World War I
Michael Hudson extends his historical review from debt in antiquity the role of the Catholic Church in the rise of banking and war finance.
Read more...Will Voters Turn to Corbyn and Socialism over Starmer’s Big Finance Love-In?
A discussion of whether voters would back Corbyn-style socialism, particularly given Starmer’s ever-rightwards shift.
Read more...Israel’s Atrocities Have Destroyed Its Reputation and Its Security
Netanyahu’s survival strategy, which now includes starving children, is putting Israel at risk in a big way.
Read more...A Pox on Optimism!
Why I have had it with optimism.
Read more...Thomas Neuburger: Rethinking Collapse
Your humble blogger has difficulty with the thesis of this post: “What if collapse is the road to more humane life?”
Read more...Financial Times and Stanford Business School Describe How Private Equity Investors Like CalPERS Act Like the Dumb Money They Are
More on how private equity investors like CalPERS willingly go along with their victimization.
Read more...Satyajit Das: Parsing President Trump’s Real Agenda
Divining the decision rules that guide Trump’s actions.
Read more...Adams Asks Feds to Probe Conditions at Designed-to-Evade Supervision ICE Lockup in Manhattan
ICE lawbreaking continues yet pressure on NYC Mayor Adams so far has elicited only a wet noodle lashing.
Read more...The Incredible Impact of Ozzy Osbourne, from Black Sabbath to Ozzfest to 30 Years of Retirement Tours
We depart from our usual programming to commemorate the death of Ozzy Osbourne.
Read more...How Can the Democrats Win Back the Working Class? Economic Populism
A new report finds that championing progressive economic policies can reverse the exodus of working class voters from the Democratic party.
Read more...Links 7/23/2025
“How Much Longer Can We Trust Our Economic Statistics?”
Trump budget whackage will further degrade the quality of official statistics. And that really does matter.
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