“The Ten Brexit Questions No-One’s Giving a Straight Answer To”
A short Brexit update and some questions on the state of Labour.
Read more...Author Archives: Yves Smith
Trump Was [Selectively] Right About the Dollar
Turns out Trump was not all wrong in saying the dollar was overpriced.
Read more...China: The Covert Credit Superpower
An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]
Read more...Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up
A post-mortem of a leveraged loan bust: private equity wins, too bad for everyone holding the bag.
Read more...Why Are Billionaires Like Jeff Bezos So Interested in Space?
There are good reasons to be leery of billionaires colonizing a public sector activity like space exploration.
Read more...Agroecology as Innovation
A UN report on agroecology finds that many farming methods pooh-poohed as traditional offer significant advantages over industrial farming.
Read more...Banks Again Hoist on Their Cost-Cutting Petard: Burgeoning Credit Card Fraud
Credit card companies are paying for their stinginess via being exposed to rapidly rising levels of fraud.
Read more...As Flood Risks Rise Across the US, It’s Time to Recognize the Limits of Levees
How levees become counterproductive as flood severity increases.
Read more...Links 7/17/19
CalPERS’ Long-Term Care Policy Train Wreck – Is Bankruptcy the End Game?
CalPERS’ long-term care policy mess is even worse than industry norms, which is saying quite a lot.
Read more...The Numbers Are In, and Trump’s Tax Cuts Are a Bust
Why Trump’s tax “reforms” didn’t deliver on growth, just on rentierism.
Read more...The ‘New Right’ Is Not a Reaction to Neoliberalism, but Its Offspring
Why the success of the far right shows that neoliberalism is very much alive and well.
Read more...Links 7/16/19
Taxes for Revenue Are Obsolete
In a 1946 classic, New York Fed chairman Beardsley Ruml explains why taxes aren’t necessary for Federal spending and argues against corporate income taxes.
Read more...The Big Blue Gap in the Green New Deal
Filling in the missing chapter on oceans for the Green New Deal,
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