The Correlation Between Oil Prices And Inflation Isn’t Straightforward
More debate about the role of energy price increases in consumer inflation.
Read more...Author Archives: Yves Smith
ChatGPT Is a Data Privacy Nightmare. If You’ve Ever Posted Online, You Ought To Be Concerned
More reasons to regard ChatGPT as CheatGPT.
Read more...What Happens When Progressives Tacitly Accept Reactionary and Authoritarian Identity Politics
Progressives sat back when some clearly dodgy social change programs were being implemented, handing the right some easy wins.
Read more...Elite Splits Over Ukraine Shed a Tiny Bit of Light on Factions
It is possible to infer a few things from recent Ukraine push-and-pulling, but none of it is reassuring.
Read more...The Obama Presidential ‘Library’
Obama has an edifice complex! Who’d have thunk it?
Read more...Russia’s Budget Deficit Jumps Amid Plunging Oil Revenues
Russia had a budget shortfall due to a fall in energy-related tax receipts. How serious a problem is this development?
Read more...The US and the Philippines’ Military Agreement Sends a Warning to China – 5 Key Things to Know
So much for the Biden commitment to XI after a 2 1/2 hour phone call to improve relations…..
Read more...The Economics of the Ukraine Proxy War with Michael Hudson and Radhika Desai
A meaty discussion of the broader implications of the war in Ukraine.
Read more...Rain and Heat, Fire and Snow: Life in a Destabilized California
Climate change and California are not getting on very well.
Read more...James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response
Galbraith explains why conventional views of inflation are a particularly poor fit for recent price increases and produced bad policy
Read more...Employment of “People with a Disability” Spiked to Record in Hot Labor Market. Applications for Disability Benefits Fell to 20-Year Low
Covid-induced labor market tighteness is giving people with a disabilty more access to jobs than evah.
Read more...A Big Reckoning Starting for Private Equity and Its Public Pension Fund Enthusiasts
Private equity returns are finally going pear-shaped, but for the most part, investors are re-upping their bets.
Read more...How Corporations Hope to Eviscerate Workers’ Right to Strike
A suit by Glacier Northwest, seeking to recover costs it incurred during a strike, is now before the Supreme Court.
Read more...US Inflation Policies Slowing World Economy
The Fed is playing killer of the current inflation even though it isn’t set up to do so. That’s hurting a lot of innocent bystanders.
Read more...An Old, Small Opening Salvo v Russia? 2013 Bank Bail-In “increasingly has the smell of a proxy Germany v. Russia struggle through Cyprus”
A closer look at an old Eurozone banking crisis shows how Cyprus was (at least to a degree) used to get at Russia.
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