Author Archives: Yves Smith

Wolf Richter: Nasdaq, “Tech,” & IPOs Are in for Gut-Wrencher

Companies planning IPOs for 2019 must hope that the upcoming year will be like 2000, the last hurrah of the dot-com era.

Links 12/22/18

Michael Hudson: The Vocabulary of Economic Deception

Michael Hudson gives a wide-ranging interview, discussing the importance of euphemism in obscuring power relationships and exploitation.

Holiday Schedule and a Sort of Comments Holiday

A note on holiday hours.

Media’s Russia Obsession Obscures How Trump’s Syria Withdrawal Benefits Turkey Most

A dose of sanity from Patrick Cockburn on Syria.

Links 12/21/18

Marshall Auerback: All of Our Bets on China Have Been Wrong

Due to Western misperceptions and China’s rising authoritarianism, the current trade war is evolving dangerously into Cold War 2.0.

CalPERS’ Bill Slaton (Again) Embarrasses Himself and the CalPERS Board

CalPERS board member Bill Slaton demonstrates why he needs to go sooner rather than later.

How Immoral Are Laissez Faire Ideologues? Ask About Drones.

Drones illustrate why lack of regulation isn’t such a hot idea.

Short-Term Rentals and the Housing Market: Evidence from Airbnb in Los Angeles

Confirming Airbnb’s effects on rentals and home prices.

CalPERS CEO Marcie Frost Pressed Senior Staff to Wear Burgundy to Show Loyalty

No matter how bad you think it is at CaPERS, it’s worse.

“Alexa, Launch Our Nukes!” Artificial Intelligence and the Future of War

Great. Will the new maxim of war be, “He who controls the training set controls the future”?

Brexit: “Managed No Deal” and Referendum Unicorns Dispatched, but How Long Before Anyone Notices?

More seemingly bad news for the UK on the Brexit front…save none of this should come as news.