Author Archives: Yves Smith

Links 10/23/18

Markets Edgy Over China, Italy Budget Staredown, Saudis, Brexit, Too Much Private Debt, Strained Valuations….

Markets have more reason than usual to be jumpy.

Michael Mann: We’re Already On Our Way to “Blowing Past” 1.5 Degrees Global Warming

How global warming is increasing at a faster rate than most realize.

Wolf Richter: It’s the Banks Again

Mr. Market is worried about banks, particularly European ones.

Hooray! Met Our Sixth Goal, On to Our Seventh: More Original Reporting

Original reporting takes concerted effort and sometimes hard dollar costs. Please invest to help us to more to root out what powerful and monied people hope to keep hidden.

FICO Gets Creative With Credit Scores to Facilitate Getting More Americans in Debt

FICO is evil.

How Private Equity Bankrupted Seven Major Grocery Chains for Fun and Profit

Grocery chains as yet another example of private equity looting, and what policymakers should do to stop that.

Tom Engelhardt: The Unhappy 17th Anniversary of the Afghan War

Looking back on 17 counterproductive years in Afghanistan.

Announcing a New Double-Your-Donations Challenge!

A new donor challenge! Will you join us?

Jeff Epstein: Naked Capitalism Led Me to MMT, and Its Commentariat Made Me a Better Writer

How Naked Capitalism and its readers provided political education.

Links 10/20/19

Mark Ames: Why Finance Is Too Important to Leave to Larry Summers

Why Naked Capitalism is your weapon against Larry Summers.

Marshall Auerback: The Democrats’ Globalization Dilemma

It’s no secret that globalization created losers, and the Democrats seem determined to ignore them.

Italy’s Debt Crisis Intensifies

Italy’s government debt yields are rising thanks to a budget standoff with Brussels, and Italian banks are looking more wobbly too.