My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer Economy: December Update
The wealth gap rises: Billionaires got more billions, the bottom half of Americans got peanuts and inflation.
Read more...Author Archives: Yves Smith
Links 12/28/2021
Climate Denial Satire “Don’t Look Up” Now Top Film on Netflix Worldwide
Mirabile dictu! An allegorical climate change film becomes a hit. And a billionaire is the bad guy.
Read more...Links 12/25/2021
Manchin Takes Aim at Build Back Better, but His Real Focus is on West Virginia
What does Manchin want?
Read more...12 Charts for 21
A selection of charts from Bruegel’s weekly newsletter, with an analysis of the year and what it meant for Europe and the world.
Read more...Filth, Automobiles, and Our Misguided Obsession With Traffic
Ah, the distaste for urban squalor, um, traffic. Why do a lot of people want to turn cities into something else?
Read more...Subway Service Delays Feared as Omicron Hits the Express Track
New York City as a canary in the coal mine: how Omicron is already hampering staffing of public transportation.
Read more...Holiday Schedule and Sort of Comments Holiday
We’re taking a bit of a respite over the holidays and hope you can too.
Read more...Links 12/23/2021
Maybe No Omicron Boosters?
The Administration, in the form of Dr. Fauci, is taking another anti-public-health stance by talking down Omicron boosters.
Read more...Understanding Inflation Risks in the US and the Euro Area
Fed-type models say US inflation will hang around. So the central bank will try to Do Something when it really can’t do much.
Read more...Coal On Track To Break Records Despite Efforts To Curb Production
So much for coal being on the way out….
Read more...As Pressure Mounts, Biden Considers Extending Pause of Student Loan Payments
Biden is signaling he might retreat on resuming student debt payments. But is this simply a ploy in light of the BBB brick wall?
Read more...California Suit Takes Aim at Private Equity Engaging in Illegal Practice of Medicine by Owning Outsourced MD Practices
An important new suit targets a central and not even well disguised private equity abuse: illegally practicing medicine via owning MD groups.
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