Author Archives: Yves Smith
How the Crisis Caused a Pension Train Wreck
Why pension funds, and retirement savers generally, are big victims of the financial crisis.
Read more...Widely-Reported Study on Uber, Lyft Driver Economics Misses Fundamental Deterioration
Once again, some Uber and Lyft data that ought to generate more questions instead gets a free pass from the press.
Read more...IPCC Manipulating Climate Report Summary to Favor Wealthy Nations
The upcoming IPCC report overview is being airbrushed so as to cut unwarranted slack to developed economies.
Read more...How CalPERS CEO Marcie Frost’s Efforts to Organize Astroturf Support Are Compromising Her
If she succeeds, the survival efforts of CalPERS CEO Marcie Frost will come at a cost to the giant pension fund.
Read more...Does the U.S. Have the Ingredients to Win a Trade War?
In winning the trade battle with China, Trump may lose the war against inflation.
Read more...Links 9/22/18
The Spider’s Web: Britain’s Second Empire
How Britain’s system of offshore finance and tax havens developed and preserved the UK’s role as the largest player in international finance.
Read more...Women’s Anticipation of the Employment Effects of Motherhood: Evidence and Implications
Work-minded women do a poor job of estimating how much having children will mess with their careers. Why is that?
Read more...Why the Public Debt Should Be Treated as an Asset
Debunking the misconceptions about the role of debt of a currency issuer like the US or UK.
Read more...Crash Out Brexit Virtually Guaranteed as EU Leaders Talk Tough to Theresa May, Reject Chequers Plan, and Give Her October Deadline
Brexit negotiations are over. The only question is whether the EU and UK continue to expend energy talking past each other.
Read more...Post Crisis Measures Have Failed to Tame Derivatives Risks
Derivatives remain an untamed systemic risk.
Read more...Why the “Green New Deal” Is a Headfake
How “Green New Deal” proponents repeat the intellectual errors made by the critics of the 1970s Limits to Growth studies.
Read more...On Brexit, UK Negotiators Have Adopted a Hard Bargaining Strategy
A look at the UK’s negotiating stance, charitably assuming that it is by design.
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