Life, Deferred: Student Debt Postpones Key Milestones for Millions of Americans
The student debt crisis has produced a decline in homeownership, marriage, and childbearing rates among the young.
Read more...Author Archives: Yves Smith
Even Larry Summers Denounces World Bank’s “PEF” Ebola Bonds That Enriched Investors at Expense of the Sick in the Congo
The World Bank wants to double down on financial gimmickry rather than develop the public health infrastructure to combat pandemics.
Read more...Who Will Pay for the Huge Costs of Holding Back Rising Seas?
Combatting rising seas is a big ticket item, and one beyond the meane even of prosperous cities.
Read more...Links 8/15/19
Dow Jones “Emasculated” in CalPERS Copyright Abuse Per Supreme Court Amicus Brief Citing Work of This Humble Blog
Dow Jones complains to the Supreme Court that it should have gotten a ton more money from the massive CalPERS copyright theft that we exposed.
Read more...Brexit: According to Script
The commentariat’s Brexit predictions are playing out, sadly.
Read more...Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations
Yves here. It has been reported in venues like the Financial Times that importers who would face increased costs from tariffs on China were taking steps so as not to increase prices to customers, which includes making their suppliers give better prices and eating some costs too. With profit share at a record high level […]
Read more...Class-Action Lawsuit Seeks To Let Medicare Patients Appeal Gap in Nursing Home Coverage
A Medicare lawsuit winding its way through the courts should take some of the wind out of the sails of the idea of Medicare in its current form as a good way to implement single payer.
Read more...It Was More Like a Couple of Asian Decades Than a Century
China’s trend rates of growth are likely to be much lower than in the past, and even that is problematic. China will remain an important Asian player, not a dominant global force.
Read more...Links 8/14/19
Jeffrey Epstein’s Death, Critical Thinking, and the Decline of Reporting
Why neither the government nor the press have covered themselves in glory in ‘splaining the death of Jeffrey Epstein.
Read more...Ideology is Dead! Long Live Ideology!
Economists like to say they’re immune to ideology. Research shows the opposite.
Read more...Links 8/13/19
How Richard Vague Discovered Gravity: An Interview + Book Review of A Brief History of Doom: Two Hundred Years of Financial Crises
Richard Vague extends his work on the dangers of private debt via his new book, A Brief History of Doom, on the role of debt in financial crises.
Read more...How New York City Has Worked to Protect People from the Deadliest Disaster: Heat
New York City has set out to protect people — and the planet — from heat.
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