Author Archives: Yves Smith

Banks and Landlords Have To Pick Up the Costs of the Pandemic To Come to Forestall a Depression

Why banks and landlords (and the health care industry) need to pay their share of coronavirus costs.

Brexit: Pawing and Snorting

In theory, Brexit negotiations are moving forward, but they sure don’t look like it.

According to the WHO, Coronavirus Is WORSE Than the Spanish Flu … Which Killed Tens of Millions of People

A short public service message intended for those who still think the coronavirus is not a big deal.

Super Tuesday Open Thread

Check in and opine as Super Tuesday results come in!

Let’s Crush the Woke Plutonomy! An Interview + Review of The Populist’s Guide to 2020: A New Right and New Left are Rising by Krystal Ball and Saagar Enjeti

How the ordering of the world to suit the 1% – also known as plutonomy – has generated long-overdue “populist” pushback.

Why Our Food Systems Need a Radical Overhaul

Despite ravaging the Earth for industrial agriculture, we can’t provide nourishing food globally. That has to change.

Coronavirus: Bracing for the Economic Shockwave

The coronavirus spread is setting up a nasty real economy-financial system contraction.

Links 2/29/2020

Housing Insecurity, Homelessness, and Populism: Evidence from the UK

Cutting subsidies for private rental housing did not do much to reduce overall spending or lower rents but caused a lot of pain.

Coronavirus Collateral Damage: How a Case in Korea Hit a Small Business in the US

How coronavirus is causing some US businesses headaches, and potentially distress

The Candidate’s Dilemma: “I Call on My Opponents To Stop Calling on Me To Drop Out.”

Why lazy thinking on Dem candidate odds is wrong.