Author Archives: Yves Smith

Biden Kowtows To Saudi Arabia

A scheduled Biden in-person meeting with Saudi Crown Prince Mohammed bin Salman is a sign of desperation.

A Small Win Out of Our Post on CalPERS’ Covid Regulation-Breaking and (Yet Again) Fibbing

Our warning about a big Covid outbreak at CalPERS may not have produced any changs there, but it did lead other state agencies to shape up.

The War Situation Has Developed Not Necessarily to Ukraine’s or the West’s Advantage But They Plan to Negotiate When They’ve Turned Things Around a Bit

Looking at the presently insurmountable gap between the West’s probable bid and Russia’s ask to settle the militiary and economic wars.

Michael Hudson on the Coming Global Fracture as Economic Orders Clash

How our current “clash of civilizations” is a war between economic models.

Suddenly Here Comes the Inventory: Homes Listed for Sale Jump Amid Price Reductions and Sagging Sales

In most US markets, there are more homes waiting to be sold than last year, How long will it take for overhang to lead to lower prices?

Can the Royal Family Cling on Much Longer?

Does the royal family have much shelf life after Elizabeth II?

The Oil Industry’s Downstream Nightmare Is Here To Stay

Another oil and gas crisis problem: inadequate refinery capacity.

“One Reason Republican Lies About the Climate Crisis Work”

Republicans use the fact that tackling climate change will impose costs as a reason not to go there, while Dems largely finesse the issue.

Sanctions Now Weapons of Mass Starvation

US/allied sanctions against Russia have not achieved their objectives but are worsening economic stagnation, inflation and hunger worldwide.

Links 6/1/2022

Giant Tech Firms Plan to Read Your Mind and Control Your Emotions. Can They Be Stopped?

Author and law professor Maurice Stucke explains why Big Tech practices are so dangerous and what’s really required to rein them in.

Gresham’s New Law – In War There Is No Law

Gresham as an introduction to some of the key financial players in Russia.

Links 5/31/2022

EU Continues to Try to Hurt Russia by Shooting Itself in the Foot

Amazement that the EU is engaging in yet more self harm to try to damage Russia.