The Bullshit Economy: Homebuying “Help”
Introducing “The Bullshit Economy” from Jared Hoist, on products and companies that exist solely to exploit policy failures, in a bad way.
Read more...Author Archives: Yves Smith
Department of Pre-Crime: Left-Wing Protester Arrested by FBI for Being on a “Path to Radicalization”
In the real world, the one we’re in now, the Department of Pre-Crime will not be this much fun. Nor will the good guys win.
Read more...A Big Fiscal Push is Urgent, The Risk of Overheating Is Small
The $1.9 trillion fiscal stimulus should be large because the need is large.
Read more...Elder Care Company “Home Instead” Transfers Reported Thief to Another Client; Endangers Client Welfare and Violates Own Contract
How the agency Home Instead has mistreated my 93 year old mother and will be reported to the State of Alabama for elder abuse.
Read more...Links 3/2/2021
US ‘Excess Savings’ Are Not Excessive
Mr. Market believes the US economy is about to take off due to lots of pent-up demand. The savings story doe not support that happy view.
Read more...Neoliberal Finance Undermines Poor Countries’ Recovery
Neoliberal economic policies were bad enough, but now Covid vaccine hoarding/rentierism has delivered a second blow to poor nations.
Read more...Recent Judge Rakoff Decision May Curb Private Equity Leverage Abuses By Pinning Liability on Directors of Selling Company
Some of the worst private equity practices, like buyers pulling out more cash at closing than they put in, were targeted by a recent ruling.
Read more...How Does the Johnson & Johnson Vaccine Compare to Other Coronavirus Vaccines? 4 Questions Answered
Why the Johnson & Johnson vaccine should be seen as a contender.
Read more...Links 2/27/2021
The Oil Industry Is Ready To Fight President Biden In Court
The oil industry is ready to brawl to keep the Biden Administration from halting new Federal energy and mineral leases.
Read more...A Less Trumpy Version of Trumpism Might Be the Future of the Republican Party
The Republican Party is already repositioning itself.
Read more...“I’m Sorry,” Says Ro Khanna, “An Unelected Parliamentarian Does Not Get to Deprive 32 Million Americans the Wage Raise They Deserve.”
The Biden Administration proves it cares only about the donor classes by standing pat as its own $15 minimum wage proposal founders.
Read more...Eviction Moratorium Deemed Unconstitutional by Federal Judge in Texas
The Trump and Biden stimulus on the cheap, of having landlords support income-starved renters in lieu of subsidies, is now in trouble.
Read more...America Needs New Infrastructure to Survive, But Will Biden Deliver?
What will come of Biden’s grand infrastructure plans? And will they be as green as he promised?
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