“Might the US Be About to Fall Off an Economic Cliff?”
The respected Atlanta Fed NowCast is scary bad, as in economic shoes about to drop in a big way bad.
Read more...Author Archives: Yves Smith
“SOTU” Reactions: Business Press Turning on Trump as Tariffs Whack Markets, Look Set to Increase Inflation, Approval Falls and Even Republicans Getting Restive
Despite the Republican applause during Trump’s State of the Union speech, the business press is sounding alarms.
Read more...Capitalism in Decay
A compact assessment of where capitalism is taking us.
Read more...New York Fed’s Measure of “Inflation Persistence” Nixes Friday’s Idea that YoY PCE Inflation Cooled, Using Same Data
Inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods.
Read more...Links 3/4/2025
The GENIUS Act: Setting the Stage for a Federal Bailout When Stablecoins Become Insolvent
Why the GENIUS Act does not live up to its pretenses of making stablecoins safe, thus setting the stage for a Federal bailout.
Read more...Twilight of the Woke, or How to Historicize with a Hammer
A review of Musa al Gharbi’s “We Have Never Been Woke” which chronicles the class and cultural hypocrisy of a new elite.
Read more...DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Read more...Jane D’Arista on How the Failure of Global Finance Is Systemic
Jane D’Arista describes the internationalization of finance and how is has produced not just crises but fundamental economic distortions
Read more...Trump-Zelensky-Vance Blowup: Does Zelensky Regime End with a Bang, Not a Whimper?
Some hot takes on the epic Trump-Zelensky slugfest.
Read more...Links 3/1/2025
Trump and Wealth-Price Inflation: Still Running in the Background All the Time
Demand by America’s most affluent is driving consumer spending. That spending, in turn, is the main force keeping inflation so high
Read more...Over-Planting of GM Corn Costing Farmers Billions, Study Finds
Yet another example of GM crop induced harm to farmers.
Read more...Charlie Krauss: What the Enron Egg Says About AI’s Nuclear Courtship
How nuclear small modular reactors (SMR) hype, with a boost from AI, has reached absurd, as in satire-suitable, levels.
Read more...Changing of the Guard: Lambert’s Weekend Finale as New Writers Take Up Posts
Lambert retires after his final posts over this weekend, but we hope you will enjoy the new contributors who aspire to fill his yellow waders
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