Author Archives: Yves Smith

Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy

The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.

Is Industrial Policy Finally Legitimate?

Awfully late in the game, industrial policy gets the recognition it deserves.

Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund

Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.

Links 7/9/19

Trump’s Version of the Iran Accord: Heads I Win, Tails You Lose

A clinical look at the Administration’s disingenuous Iran spin.

Mr. Market and the Press Diss Deutsche Bank’s Turnaround Plan

A hard look at Deutsche’s restructuring plan reveals a lot not to like

Deutsche Bank Throws in the Towel, Announces Restructuring into Bad Bank/Good Bank, Firing of 18,000

The beginning of an end for Deutsche Bank.

The Myth of Expansionary Austerity

If you hold mainstream economic views, it was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

Should We Tax Wealth?

Kicking the tires of a wealth tax.

Links 7/5/19

Ilargi: Memo to the US – The Winds Are Shifting

Why the US looks like it has a glass jaw.

Links 7/4/19

Michael Hudson Discusses the IMF and World Bank: Partners In Backwardness

Michael Hudson explains how the IMF and World Bank support US hegemony.