Author Archives: Yves Smith

Latest Fed Financial Stability Report Underplays Supply Chain Risk

The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.

Carbon Tax Over-Rated

A carbon tax is an idea that has been around yet never deployed despite potential benefits because reasons, such as hurting the poor.

Yipee! Met Our Second Target Quickly! On to the Third: Continuing Expanded News Coverage and Maybe Meetups

Thanks to the generosity of our readers, we are on to our third target: preserving our Covid-expanded news coverage plus perhaps meetups.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Eight: Uber Still Unprofitable, But Reduces Losses by Squeezing Drivers and Restaurants

The latest update: the financial media continues to parrot management falsehoods about Uber results and there is still no path to profit.

Matt Stoller: Naked Capitalism – “God Is in the Details”

Naked Capitalism annoys powerful people because it exposes what they don’t want you to know.

Michael Hudson: Did the Squad Give Away Their Bargaining Power?

How the Squad was rolled on the now very much top 10% friendly “Build Back Better” bill.

Wow! Met First Goal at Warp Speed. On to the Second: Supporting the Commentariat

Thanks for getting the fundraiser off to such a strong start! We are already on to our second target, investing in the commentatriat.

Naked Capitalism Fundraiser 2021: Your Bright Beacon in an Informational Fog

Our 2021 fundraiser begins! Please be generous!

Fundraiser 2021: What We Did for You in the Past Year

A recap of what we’ve accomplished since our last fundraiser, 13 1/2 month ago, plus our first fundraiser target.

Naked Capitalism Added to Library of Congress

The Library of Congress hearts Naked Capitalsm!

Links 11/6/2021

Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy

Cheerleading about the much improved jobs picture overlooks how many workers have gone missing.

Metals May Become the New Oil in Net-Zero Emissions Scenario

Economists project that prices for energy-transition metals will soar and their combined value could match that of crude oil

Michael Hudson: Is This the End of the Unreformable Democratic Party?

Have the contradictions of the Democratic Party’s overarching strategy finally become untenable?

Halloween Is Over – Are Corporate Zombies Still Out There?

Corporate debt levels are up due to Covid. Some will businesses will not make it. Restructuring sooner is better for everyone than later.