Debt Has Not Been Caused by Low Interest Rates, but Higher Rates Would Topple the Whole World Economy
Yet more official hand-wringing about interest rates…when they aren’t the core economic problem.
Read more...Author Archives: Yves Smith
Why US Hostility Towards Chinese Tech Groups Feels Like Déjà Vu
US reactions to Chinese competitive threats are an awful lot like the ones to Japan of the 1980s, but the US now has a lot less leverage.
Read more...2019 in Climate Science: A Continued Warming Trend and ‘Bleak’ Research
Not surprisingly, recent climate reasearch is downbeat.
Read more...The Real Reason the U.S. Is Interested in Iran
An Iran backgrounder that attempts to explain America’s obsession.
Read more...Student Loans, Meet Greece: Extend and Pretend Bond Maturities
Shed a crocodile tear for investors in student loans: they are sometimes discomfited by short-lived downgrades when loan maturities are pushed out.
Read more...What Is Next for Venezuela?
The standoff in Venezuela has reached a worrying juncture, with negotiations falling apart, side deals emerging and regional states rolling out new sanctions on Caracas.
Read more...In Iran Showdown, Conflict Could Explode Quickly – and Disastrously
The odds of conflict morphing into war are higher than most think.
Read more...Bloomberg Making Nice to China Pays Off; Highly Profitable Conferences Help Stoke Terminal Business
Bloomberg goes to some lengths to toady to China. And his commercial motives are much more obvious than Trump’s were with Russia.
Read more...Nick Turse: Trump Threatens Mass Destruction in Afghanistan
Trump threatens mass slaughter in Afghanistan.
Read more...FAA Considering Mandatory Simulator Training for Boeing 737 Max as New Hardware Problem Surfaces
The FAA and Boeing may be moving towards a deal.
Read more...Links 1/4/2020
Manufacturing Employment, New Orders & Production Fall Fastest Since Apr-Aug 2009
Yves here. As readers know well, on the one hand, services and not manufacturing dominate the US economy. But manufacturing jobs, even now, are relatively well paid and manufacturing growth is often seen as having spillover effects. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street US manufacturing took a turn from […]
Read more...What if We Let the Oceans Into Our Cities?
Radical thinking for soon-to-be-waterlogged cities.
Read more...What Is Climate Change Adaptation, and Why Does It Matter?
Climate change reality is starting to sink in.
Read more...The Crapification of Mattresses and Retail Therapy (and an Iran Aside)
The sorry state of mattresses as a worthwhile distraction from the sudden US escalation against Iran.
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