Triggering a Global Financial Crisis: Covid-19 as the Last Straw
An ambitious deleveraging plan as a Covid-19 response.
Read more...Author Archives: Yves Smith
Closing Polling Places Is the 21st Century’s Version of a Poll Tax
Voter disenfranchisement via shuttering polling sites.
Read more...Links 3/17/2020
Coronavirus Means Zero Hour for the European Union
Germany’s long-standing practice of muscling the European Union to serve its own ends now risks dissolution and a banking system crisis.
Read more...Brexit: The ‘Australian Option’?
Boris Johnson fancies that the UK’s future lies with the US. Good luck with that.
Read more...Why Sanctions Against Iran and Venezuela During a Pandemic Are Cruel
A moral and practical case against continuing economic sanctions during the coronavirus pandemic.
Read more...Social Insurance in a Time of Pandemic: A Proposal for the Government to Act as Buyer of Last Resort
It’s not hard operationally for the government to counter economic fallout from the pandemic. The hard part is ideological baggage.
Read more...The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens
The Fed just told everyone to assume the brace position.
Read more...Links 3/14/2020
‘Grotesque Level of Greed’: Owned by World’s Richest Man Jeff Bezos, Whole Foods Wants Workers to Pay for Colleagues’ Sick Leave During Coronavirus Pandemic
Jeff Bezos continues to abuse his workers, this time (or more accurately, again) at Whole Foods.
Read more...Coronavirus Testing Shortages Force Extreme Shift In Strategy By Local Health Officials
Yves here. The admission that the US, even if it had coronavirus test results, lacked the institutional capacity to do contact tracing, is a stunner. Gee, we supposedly live in a world of AI and big data, but our Silicon Valley gearheads can’t come close to what China has done? But we can find the […]
Read more...How the COVID-19 Shock Is Different
Looking at COIVD-19 impacts.
Read more...Links 3/13/2020
COVID-19 Math Explained, With Data
Looking at COVID-19 R0s.
Read more...CalPERS Legacy Assets: How Much in Overvaluation Has CalPERS Been Hiding?
CalPERS apparently needs to take a bath on its legacy assets.
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