Author Archives: Yves Smith

Trump May Get Much of the World’s Manufacturing Out of China, but It Won’t Be Coming Back to the U.S.

Chimerica” is dead—even if Trump’s trade war ends in a draw.

Ending Temp Workers Is at Center of Auto Workers Strike

How temp workers are a way to implement Jay Gould’s plan: “I can hire one half of the working class to kill the other half.”

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.

Links 9/20/19

The Fed Has Not Covered Itself in Glory: Fed Funds Mess Edition

Why the Fed should be embarrassed.

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.

Why Degrowth Is the Only Responsible Way Forward

Why degrowth is necessary and potentially attractive.

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.

Urgent Culture For A Foot-Dragging Congress

A climate change museum tour for Congress.

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.

Brexit: A Repeat of the Turmoil of 1914-1922?

What do critical chapters of British-Irish history augur for Brexit?

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.

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.