Author Archives: Yves Smith

Coronavirus: Australia Faces Calamity

Identifying likely economic road kill from the coronavirus outbreak.

Brexit: Warmed Over Chicken

Brexit trade talks are about to begin. The UK is back in drama queen mode.

Shall We Have a Dallas Meetup Thursday February 13?

Up for a Dallas meetup next week?

Links 2/1/2020

Do Davos Billionaires and Bankers Really Believe Booms and Busts Are Over Because They’ve Trained the Fed?

Fed tightening is no longer needed to create recessions, given fragile credit structures and a growing pandemic out of China.

Cybernetic Opioid Pushers: EHR Vendor Practice Fusion to Pay $145 Million to Resolve Criminal and Civil Investigations

Practice Fusion solicited payments to manipulate MDs to prescribe opioids….illustrating how electronic health care records insert themselves in treatment.

Student Enrollment Dropped 11% Since 2011, Student-Loan Balances Surged 74%. Why?

Drilling into why the student loan problem keeps getting worse.

Links 1/31/2020

US Loses Nearly 4 Million Jobs to China Since WTO Entry

More evidence, this time via China, on the costs globalization imposed on American workers.

Brexit D-Day

The big Brexit day is here.

How Iowa Chooses National Convention Delegates and What That Means For Us

Explaining the Iowa Caucus Rube Goldberg machine.

Secular Stagnation: Demand Is Indeed the Culprit

Economists’ bad medicine is a significant factor in our present stagnation.

Michael Hudson on the History of Debt Cancellation, Austerity in Europe, January 2020

Michael Husdon reviews the key themes of his recent book, ……and Forgive Them Their Debts, and discusses German austerity.

#MeToo Shamefully Nowhere To Be Found as SEIU Not Only Refuses to Fire Staffers Charged With Multiple Instances of Sexual Misconduct, but Retaliates Against Press and Whistleblowers

SEIU is acting like thugs. Please help reporter Mike Elk who has exposed more of their dirty linen than they can stand to have aired.

The War in Libya Will Never End

Looking at the gap between posturing and positions in Libya