Iran Doesn’t Want Conflict, Says Foreign Minister Javad Zarif, But Any US-Saudi Attack Would Spark ‘All-Out War’
Iran once again has to tell the West what it ought to have figured out by now.
Read more...Author Archives: Yves Smith
Links 9/20/19
The Fed Has Not Covered Itself in Glory: Fed Funds Mess Edition
Why the Fed should be embarrassed.
Read more...CalPERS Short-Changed by CIM in Pay-to-Play/Bribery Scandal; Looks Like Apollo Stiffed CalPERS Too
How CalPERS was cheated by conniving fund managers, as is pervasive among private equity investors.
Read more...Why Degrowth Is the Only Responsible Way Forward
Why degrowth is necessary and potentially attractive.
Read more...New Evidence on the Consequences of Gentrification for Children
Contrary to widespread beliefs, gentrification does not appear to harm children. But that may be because it operates differenlty than most assume.
Read more...The Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth
Martin Wolf has a big think about what is wrong in and discovers rentier activity.
Read more...Urgent Culture For A Foot-Dragging Congress
A climate change museum tour for Congress.
Read more...Two Entrepreneurs Explain Why the Health Insurance Industry Is a Direct Threat to Middle-Class Life
Quelle surprise! Businessmen would rather pay their workers than health care rent extractors.
Read more...FAA Hoist on Its Own Boeing 737 Max Petard: Multiagency Panel to Issue Report Criticizing Agency Approval Process, Call for Certification Changes
Another FAA self-inflicted wound.
Read more...Brexit: A Repeat of the Turmoil of 1914-1922?
What do critical chapters of British-Irish history augur for Brexit?
Read more...Drama in the Oil Markets After Attacks on Saudi Production. But This Isn’t 2007 Anymore
How the shale boom made the US less vulnerable to oil supply shocks.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty-One: Mike Isaac’s Book Ignores Economics and Financial Results and Gets the Uber Story Almost Entirely Wrong
Mike Isaac’s Super Pumped!, a new book on Uber, draws fundamentally false conclusions about the company.
Read more...Keynes Was Really a Conservative
“The class war,” said Keynes, “will find me on the side of the educated bourgeoisie.”
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