Author Archives: Yves Smith
The Battle for Money Has Begun
Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.
Read more...OCC Covering Up for Wells Fargo Type Abuses at Other Banks
The OCC found lots of bad bank conduct in retail-land, but refuses to say anything about who is cheating and what they are up to.
Read more...New CDC Study Shows Large Increase in Suicides Since 1999
Rising suicides provide more evidence that all is not well in America.
Read more...Worrying About the Deficit Is So 17th Century
Deficit hawks have been wrong for even longer than you thought.
Read more...A 1,000-Year Flood in Maryland Shows the Big Problem With So Much Asphalt
Why Ellicott City’s flood didn’t have to be the disaster it was.
Read more...McKinsey’s and CalPERS’ Ignorance and Sleight of Hand on Private Equity
McKinesy and CalPERS appear to be kidding themselves at least as much as the general public on the subject of private equity.
Read more...A Hard Look at the Mini-BOT, the Parallel Currency Idea of Italy’s New Ruling Coalition
The mini-BOT has only been sketched out at a high level. How might it work and more important, would it succeed as a parallel currency?
Read more...The Political Significance of LSD
LSD is back in vogue. Is that a good thing?
Read more...Links 6/6/18
More Brexit Insanity: Corbyn Proposes Dead-on-Arrival, Misbranded “Soft” Brexit; Auto Part Makers to Take Huge Hit; Irish Border Groundhog Daze
Brexit madness is only getting worse….
Read more...Italy’s New Prime Minister Conte Says Euro Exit Off the Table, But Mr. Market Pouts About Spending Talk
Italy’s new government makes some opening moves.
Read more...Tuscon Meetup 2.0 Report
NC regular Arizona Slim recaps the discussion from last week’s Tucson meetup.
Read more...More US and China Jousting Over South China Sea
The US-China conflict over the South China Sea keeps getting hotter.
Read more...Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”
The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
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