Author Archives: Yves Smith

Why International Financial Regulation Still Falls Short

Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.

Washington Going Full Andrew Mellon as Stimulus Talks Drag, Inadequate Support Guaranteed

An inadequate second stimulus is guaranteed. The only question is “how inadequate”?

Remembering John Weeks

John Weeks was a leading critic of economic orthodoxy who dedicated his life to building a better world.

Preserve Our Post Office, Before It’s Too Late

It ought to be stunning that the Post Office needs to be defended….

Call for ‘Emergency Charity Stimulus’ as Billionaire Wealth Soars and US Nonprofits Sink

Charity reform would help deploy more funds to address more Covid-19 needs, but the real remedy lies in much bolder government spending.

Links 8/4/2020

Hubert Horan: The Airline Industry Collapse Part 3 – Recovery Expectations Were Always Dreadfully Wrong

Not only is the airline industry in desperate shape, but its executives have made its bad situation worse, increasing resolution costs for all bagholders.

How’s Your Economy, Small Businesses Death Watch Edition

A reader query focused on small businesses.

Homeowners Beware: Mortgage Servicers Still Can’t or Won’t Shoot Straight

Mortgage servicers are still engaged the abuses they perpetrated in the foreclosure crisis.

CalPERS Chief Investment Officer Ben Meng Made False, Felonious Financial Disclosure Report; More Proof of Lack of Compliance Under Marcie Frost

CIO Ben Meng demonstrates why CalPERS can’t be trusted….even as the giant pension is pushing legislation to be able to make loans in secret.

Austria Confirms OPCW Report On Skripal Faking by the British – Vienna Exposes Financial Times Lies and Cover-Up

Revealing a big hole in the official Skripal story.

Vaccine Research on Covid-19: An Update

A clinical and not very cheery look at the state of Covid-19 vaccine play.