Waiting for Brexit
A look at the EU’s Brexit extension deal.
Read more...Author Archives: Yves Smith
Memo to CalPERS: The Market Won’t Provide High Returns Just Because You Need Them
A professional fund manager describes why CalPERS’ private equity strategy is irrational.
Read more...Costly Confusion: Patients Caught by Medicare Not Covering Annual Physical Exams
Yves here. This post presents a classic example of why medical care in America sucks. It’s too much about billing and not enough about patient care. I know patients who can have a yearly visit to an MD covered under their plan as either a physical or a medium complexity visit for conditions for which […]
Read more...Brexit Delay Will Not Postpone Deglobalisation
The world economy has experienced deglobasation phases before. How this one differs from its predecessors.
Read more...Links 3/21/19
Brexit: Opening the Seals
Brexit gets even more crazed, if such a thing were possible.
Read more...The #MMT Case for Progressive Taxes
MMT advocate typically shy away from calling for progressive taxes. A case as to why that’s a lost opportunity.
Read more...U.S. ‘’Oil Weapon’’ Could Change Geopolitics Forever
Oil production as a source of political advantage will no doubt keep official US climate change denialism alive and well.
Read more...China’s Belt and Road Initiative vs Washington Consensus
An update by Jomo Kwame Sundaram on how China and the US are faring in their use of trade and development policy to foster growth and project power.
Read more...Links 3/20/19
Brexit: End of the Road
The UK has run out of time for Brexit machinations, even if that isn’t well recognized yet.
Read more...What Republicans and Billionaires Really Mean When They Talk About ‘Freedom’
Why the meaning of the word freedom very much depends on your economic standing.
Read more...Links 3/19/19
Technology: From Copycats to Innovators
How China is cuttting into America’s technology advantage, and how the US can respond.
Read more...Another Theresa May Faceplant as the Brexit Clock Ticks: Speaker Bercow Nixes Another Meaningful Vote in Current Session [Updated]
Brexit demonstrates the saying, “Things look the darkest before they go completely black.”
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