Author Archives: Yves Smith

Financial Times: Chinese Officials “Awed” by Trump’s “Skill as a Strategist and Tactician”

Believe it or not, many top Chinese officials are impressed with Trump’s game so far.

10 Down-to-Earth Things Powell Said about Cryptocurrencies

The Fed is perfectly content to have cryptocurrencies be the SEC’s problem.

Links 7/25/18

Brexit Crash Out Virtually Certain

Brexit uglies are only getting uglier.

Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis

Michael Hudson explains why the new IMF bailout of Argentina will not end well.

The Regulation That Could Push Oil To $200

A measure to clean up maritime fuel oil could cause havoc for oil prices generally.

Argentina 20 Years On: Has the IMF Really Changed Its Ways?

The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.

Links 7/24/18

America’s Subprime Economy

This so-called expansion is more and more brought to you by subprime borrowings.

Why Is CalSTRS Continuing to Out-Perform CalPERS?

Not surprisingly, CalPERS’ performance leaves much to be desired.

(Mis)Adventures in Portland and a Visit to Occupy ICE

My visit last week to Portland was more exciting, in the good and bad sense, than I expected it to be.

John Feffer: Trump Doctrine as Kamikaze Antiglobalism

Is extreme antiglobalism the doctrine that undergirds many of Trump’s actions?

Trump Tariffs Hit Largest US Aluminum Company, ALCOA

Tariffs misfire yet again.

Economy of Intangibles

Has the rising role of intangibles, as in intangible assets. helped cause secular stagnation?