Author Archives: Yves Smith

Brexit: Yet More Chicken

The same bad Brexit dynamics are very much in place.

Links 5/16/2020

Coronavirus Dashboard: Updating the State Petri Dishes of Democracy

Parsing some US coronavirus data.

Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out

A major story on the CLOs chooses not to address the key questions.

Reminder: When the Very Very Rich Are Done With Us, They Plan to Leave Us Behind

More evidence, as if you needed it, that the super rich are not your friends.

Reopening Isn’t Reopening—It’s Cutting Off Unemployment

In case you wondered why conservative states are all gung ho about reopening….

Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects

Not surprisingly, public pension fund economics look pretty sick.

Congress and Corporations Join Forces To Crush American Small Business

Funny how that small business bailout worked…..

Is EIA Data Disguising A Disastrous Decline In U.S. Shale?

Tallying some of the recent shale production cuts.

The Wealth Effects of Bailouts: A Quantitative Assessment

Once again, income earned by the many is used to save the wealth of the few.

Foreign Affairs Runs Propaganda from Swedish Employers on Sweden’s Covid-19 Fiasco, Failing to Disclose Sponsorship and Misrepresenting Results

Foreign Affairs runs “dangerous to your health” propaganda from the Sweden without informing its readers.