How Trump’s Game of Chicken With Iran Could Weaken the Dollar’s Role as the World’s Currency
Politicizing the SWIFT payments system is leading other nations to the search for alternatives to the dollar.
Read more...Author Archives: Yves Smith
A Naked Capitalism Win: No More Poop in the Loop
How a reader documenting a horse dump problem in Chicago’s Loop led to a clean-up.
Read more...When the Middle Class Lost Its Wealth
Until 2008, rising home values gave the middle class a cushion amid growing income inequality. But following the financial crisis, that wealth has failed to return.
Read more...Everything You Thought You Knew About Western Civilization Is Wrong: A Review of Michael Hudson’s New Book, And Forgive Them Their Debts
Why debt unforgiveness is the original and incurable curse on our post-eighth-century-B.C. Western Civilization,
Read more...Gaius Publius: Amazon Rips Off 238 Cities, States and Provinces, Then Builds in NYC and DC
More evidence that Amazon is nasty.
Read more...CalPERS Abandons One Part of Private Equity Scheme, Lies About the Rest, but Addled Business Press Continues to Get the Story Wrong
CalPERS is flailing about with its private equity “new business model.”
Read more...Reminder: Birmingham Meetup for Monday, November 19
Hope to see you folks in the Birmingham area next week at our meetup.
Read more...Our New York Magazine Article: “Fake ‘Unicorns’ Are Running Roughshod Over the Venture Capital Industry”
Fake unicorns are a real problem for the venture capital industry.
Read more...Links 11/15/18
Brexit: Brexit Minister Raab Resigns; May to Face Hostile Parliament. Update: Two More Resignations, Bringing Total So Far to Four, Now Six
Another rough Brexit day for Theresa May in the offing.
Read more...Uber Releases Ugly 3Q 2018 Results: Losses Widen to $1.1 Billion, Growth Slows
It”s getting hard to believe Uber’s story.
Read more...Is This Time Different? Examining Recent Emerging-Market Turbulence
Some emerging-market economies look wobbly. How likely are we to see more crises?
Read more...High Stakes, Entrenched Interests And The Trump Rollback Of Environmental Regulations
Trump’s “progress” in gutting environmental protections.
Read more...Links 11/14/18
Brexit: May at Her Marks to Run a Gauntlet. Update: Cabinet Approves Draft Agreement
Brexit spectacle is about to kick into a higher gear.
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