Lockdown Rebelliousness: Denying that Coronavirus Is in Charge
The supposed irresistable force of the economy is losing out to the immovable object of the coronavirus.
Read more...Author Archives: Yves Smith
Links 4/16/2020
Taleb: The Only Man Who Has A Clue
A recap of what Taleb and his fellow complex systems analysts have been saying about coronavirus. Not pretty.
Read more...The New Fault Lines in a Post-Globalized World
Coronavirus is smashing up the economic and political order. What sort of world comes next?
Read more...“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries
Quelle surprise! Big banks in the UK don’t like making small business loans, especially not at 1.5%.
Read more...The Really Really Yucky Airlines Bailout
The airlines are at the trough. It’s not quite as unseemly as the 2008 bank bailouts, but that’s an awfully low bar.
Read more...Massachusetts Recruits 1,000 ‘Contact Tracers’ To Battle COVID-19
Some spots in America are staring to get serious about contact tracing to limit coronavirus spread. But can they commit the resources?
Read more...Damning New Story on CalPERS Sacrificing $1 Billion Hedge Profits Confirms Doubts About Chief Investment Officer Ben Meng’s Competence
More evidence that CalPERS Chief Investment Officer Ben Meng is over his head.
Read more...CSA: How to Support Local Farmers as Restaurants and Farmers Markets Close
As the virus has small, local farms scrambling for income streams, community-supported agriculture (CSA) is one way to support them.
Read more...Links 4/14/2020
What Richard Vague Says that Matt Taibbi, Our Acrophobic Champion for the Duration of the COVD-19 Crisis, Needs to Learn about Stratospheric Levels of Public Debt
Economic historian/analyst Richard Vague clears up some of the misconceptions that Matt Taibbi and others have about MMT and crisis spending.
Read more...Covid-19 Diagnosis: Will We End Applying a Mosaic of Methods Worldwide?
A look at promising Covid-19 test methods, and why diagnosis approaches may wind up differing across countries.
Read more...Fatal Combination: Bailouts and Bank Rescues in Money-Driven Political Systems
A tidy case study into how much money it takes to buy Congressional votes.
Read more...Some Comments on the Sanders Campaign
Thoughts on the Sanders kneecapping.
Read more...Mark Blyth and Jeffrey Sommers: Austerity – A Dangerous Idea Returns
Why more austerity is one of the worst possible responses to the pandemic….yet the US is seeing even more of it.
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