Author Archives: Yves Smith

Satyajit Das: The Financial Party Is Coming to an Abrupt End

There seems to be no escape from looming economic and financial problems, but the officialdom will do it best to delay the reckoning.

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The Inevitable Financial Crisis

We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.

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Kentucky Retirement Systems Lawsuit Targets New York Fixer Regina Calcaterra for Alleged Bid Fixing

What passes for the elite in this country is normally immune from prosecution or even career harm if they follow their monetary interests: curry favor with the right people, never cross anyone important unless the potential payoff is worth it. Morals be damned. We may have the gratifying spectacle of someone who openly, as in […]

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