Cryptocurrencies Are Lousy Investments
A skeptical look at the prospects for cryptocurrencies.
Read more...Author Archives: Yves Smith
Links 6/15/18
Merkel’s Government Wobbles Over Immigrant Row as Italy Threatens Canada Trade Deal
Merkel had a bad day and things don’t seem likely to improve any time soon.
Read more...Why Are There So Many Unsheltered Homeless People in California?
Try guessing why San Francisco has encampments of homeless people….
Read more...Some Bankruptcy Judges Finding Ways to Give Desperate Student Borrowers Relief
Some bankruptcy judges recognize that the typical application of the “undue hardship” for discharging student debt is too stringent and are finding wriggle room.
Read more...Wolf Richter: Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning
Normally risky credits like junk bonds are the first to react when the Fed starts tightening. But we are not in normal times.
Read more...Links 6/14/18
Paul Jay on Trump’s Iran War Agenda and Liberals’ Korea Peace Panic
The Real News Network’s Paul Jay contends that Trump and his team are focused on Iran as they carry out the Project for a New American Century plan.
Read more...Backstabbing Over Cows
The trouble with cows….
Read more...Poor Peoples Campaign Protests All Over US Ignored by Media
A young anti-poverty, anti-discrimination movement, the Poor Peoples Campaign, is starting to get traction.
Read more...The Roots of Argentina’s Surprise Crisis
How reforms by Argentina’s President Macri helped kick off a currency crisis.
Read more...Links 6/13/18
Some Notes on North Korea
Trying to get past the groupthink on the North Korea summit.
Read more...Bill Black: Democrats Should Reject Bernanke’s ‘Wily E. Coyote’ Criticism of Trump’s Deficits
Bernanke engages in a new episode of ideologically motivated economic prognostication.
Read more...The Italian Mini-BOT Debate
More discussion of how well a proposed Italian parallel currency, the mini-BOT, might work in practice.
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