Saudi Arabia Refuses To Learn From Its Two Failed Oil Price Wars
The oil situation has developed not necessarily to Saudi Arabia’s advantage, but MbS appears not to have gotten the memo.
Read more...Author Archives: Yves Smith
Global Warming Is Accelerating. (In Other News, Democrats Reverse Platform, Won’t End Fossil Fuel Subsidies)
The Democrats busy themselves with a self-love fest as they ignore more and more dire evidence of the progress of global warming.
Read more...Cloth Masks Do Protect the Wearer – Breathing in Less Coronavirus Means You Get Less Sick
More evidence in support of masks.
Read more...Links 8/20/2020
Journey into a Libertarian Future: Part II – The Strategy
Where you wind up when you take libertarian ideas to their logical conclusion…..
Read more...How Dairy Monopolies Keep Milk Off the Shelves
How consolidation in dairy processing has led to overproduction of milk and dumping.
Read more...Apollo’s Leon Black, Found in Serial Child Rapist Jeffrey Epstein’s Black Book, Patronized Strip Club in Russia With Trump
Apollo’s Leon Black needs to develop better taste in friends.
Read more...Fiscal Austerity and the Rise of the Nazis
Local economic data and election results in Weimar Germany shows that more acute austerity led to more Nazi support.
Read more...Fed Economists Finger Monopoly Concentration as Underlying Driver of Neoliberal Economic Restructuring; Barry Lynn in Harpers and Fortnite Lawsuit Put Hot Light on Tech Monopoly Power
Some good work on monopoly is marred by the bizarre inclusion of Uber. Its predatory pricing is the result of deep pockets and ideology, not potential market power.
Read more...As Courts Re-Open, Britain’s Renters Must Confront the Power of Landlords
Renters and landlords need to come to terms in the Covid-19 new normal. But it’s not shaping up to be pretty.
Read more...Has CalPERS Come Clean With Its Board Over Pending $500 Million Carlyle Deal, Tainted by Ownership of Carlyle Shares by Departed CIO Ben Meng?
CalPERS needs to come clean about its Ben Meng mess. A pending Carlyle transaction shows it’s still in cover-up mode.
Read more...Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess
A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.
Read more...Grim Future of Cities: State’s Growing Budget Hole Threatens New York City Jobs, Services
The New York City budget hole is getting bigger. How much of a harbinger is this for other US cities?
Read more...Major General Dennis Laich: Pentagon Needs a Bad Guy
Retired General Dennis Laich gives some insight into America’s permanent war policy.
Read more...What Will the Real American Resistance Look Like — Chaotic Rebellion or Organized General Strikes?
As lower and middle income Americans slide into dire straits thanks to Covid-19, political pressure is building. But are Americans capable of rebellion?
Read more...